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Article
Publication date: 11 May 2022

Yanfei Lu, Futian Weng and Hongli Sun

This paper aims to introduce a novel algorithm to solve initial/boundary value problems of high-order ordinary differential equations (ODEs) and high-order system of ordinary…

Abstract

Purpose

This paper aims to introduce a novel algorithm to solve initial/boundary value problems of high-order ordinary differential equations (ODEs) and high-order system of ordinary differential equations (SODEs).

Design/methodology/approach

The proposed method is based on Hermite polynomials and extreme learning machine (ELM) algorithm. The Hermite polynomials are chosen as basis function of hidden neurons. The approximate solution and its derivatives are expressed by utilizing Hermite network. The model function is designed to automatically meet the initial or boundary conditions. The network parameters are obtained by solving a system of linear equations using the ELM algorithm.

Findings

To demonstrate the effectiveness of the proposed method, a variety of differential equations are selected and their numerical solutions are obtained by utilizing the Hermite extreme learning machine (H-ELM) algorithm. Experiments on the common and random data sets indicate that the H-ELM model achieves much higher accuracy, lower complexity but stronger generalization ability than existed methods. The proposed H-ELM algorithm could be a good tool to solve higher order linear ODEs and higher order linear SODEs.

Originality/value

The H-ELM algorithm is developed for solving higher order linear ODEs and higher order linear SODEs; this method has higher numerical accuracy and stronger superiority compared with other existing methods.

Details

Engineering Computations, vol. 39 no. 7
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 28 April 2022

Aslı Boru İpek

Coronavirus disease (Covid-19) has created uncertainty in all countries around the world, resulting in enormous human suffering and global recession. Because the economic impact…

Abstract

Purpose

Coronavirus disease (Covid-19) has created uncertainty in all countries around the world, resulting in enormous human suffering and global recession. Because the economic impact of this pandemic is still unknown, it would be intriguing to study the incorporation of the Covid-19 period into stock price prediction. The goal of this study is to use an improved extreme learning machine (ELM), whose parameters are optimized by four meta-heuristics: harmony search (HS), social spider algorithm (SSA), artificial bee colony algorithm (ABCA) and particle swarm optimization (PSO) for stock price prediction.

Design/methodology/approach

In this study, the activation functions and hidden layer neurons of the ELM were optimized using four different meta-heuristics. The proposed method is tested in five sectors. Analysis of variance (ANOVA) and Duncan's multiple range test were used to compare the prediction methods. First, ANOVA was applied to the test data for verification and validation of the proposed methods. Duncan's multiple range test was used to identify a suitable method based on the ANOVA results.

Findings

The main finding of this study is that the hybrid methodology can improve the prediction accuracy during the pre and post Covid-19 period for stock price prediction. The mean absolute percent error value of each method showed that the prediction errors of the proposed methods were all under 0.13106 in the worst case, which appears to be a remarkable outcome for such a difficult prediction task.

Originality/value

The novelty of this study is the use of four hybrid ELM methods to evaluate the automotive, technology, food, construction and energy sectors during the pre and post Covid-19 period. Additionally, an appropriate method was determined for each sector.

Article
Publication date: 11 July 2023

Shangjie Li, Xianzhen Huang, Xingang Wang, Chengying Zhao and Hangyuan Lv

This paper aims to develop a novel method and apply it to solve multiple definite integrals. The proposed method is constructed based on multiple sets of correlation extreme…

Abstract

Purpose

This paper aims to develop a novel method and apply it to solve multiple definite integrals. The proposed method is constructed based on multiple sets of correlation extreme learning machines (MCELM).

Design/methodology/approach

The authors present a novel method for solving multiple definite integrals. By using an extreme learning machine (ELM) to learn the integrand function, the primitive function is analytically derived based on the functional expression of the trained ELM and expressed by another ELM, while the correlations between the two ELMs are established. Solutions of multiple definite integrals can be realized by applying this process repeatedly.

Findings

To verify the validity and effectiveness of the proposed method, various examples are selected and its numerical solutions are obtained by using the proposed method. The proposed method has high computational accuracy and efficiency, and the superiority is illustrated by comparing with some other existing methods.

Originality/value

MCELM method is proposed for solving multiple definite integrals. The method can be applied for solving multiple definite integrals appearing in applications, the strong applicability of the method in engineering problems is demonstrated in structural system reliability analysis of a cantilever beam.

Details

Engineering Computations, vol. 40 no. 5
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 19 December 2019

Waqar Ahmed Khan, S.H. Chung, Muhammad Usman Awan and Xin Wen

The purpose of this paper is to conduct a comprehensive review of the noteworthy contributions made in the area of the Feedforward neural network (FNN) to improve its…

1429

Abstract

Purpose

The purpose of this paper is to conduct a comprehensive review of the noteworthy contributions made in the area of the Feedforward neural network (FNN) to improve its generalization performance and convergence rate (learning speed); to identify new research directions that will help researchers to design new, simple and efficient algorithms and users to implement optimal designed FNNs for solving complex problems; and to explore the wide applications of the reviewed FNN algorithms in solving real-world management, engineering and health sciences problems and demonstrate the advantages of these algorithms in enhancing decision making for practical operations.

Design/methodology/approach

The FNN has gained much popularity during the last three decades. Therefore, the authors have focused on algorithms proposed during the last three decades. The selected databases were searched with popular keywords: “generalization performance,” “learning rate,” “overfitting” and “fixed and cascade architecture.” Combinations of the keywords were also used to get more relevant results. Duplicated articles in the databases, non-English language, and matched keywords but out of scope, were discarded.

Findings

The authors studied a total of 80 articles and classified them into six categories according to the nature of the algorithms proposed in these articles which aimed at improving the generalization performance and convergence rate of FNNs. To review and discuss all the six categories would result in the paper being too long. Therefore, the authors further divided the six categories into two parts (i.e. Part I and Part II). The current paper, Part I, investigates two categories that focus on learning algorithms (i.e. gradient learning algorithms for network training and gradient-free learning algorithms). Furthermore, the remaining four categories which mainly explore optimization techniques are reviewed in Part II (i.e. optimization algorithms for learning rate, bias and variance (underfitting and overfitting) minimization algorithms, constructive topology neural networks and metaheuristic search algorithms). For the sake of simplicity, the paper entitled “Machine learning facilitated business intelligence (Part II): Neural networks optimization techniques and applications” is referred to as Part II. This results in a division of 80 articles into 38 and 42 for Part I and Part II, respectively. After discussing the FNN algorithms with their technical merits and limitations, along with real-world management, engineering and health sciences applications for each individual category, the authors suggest seven (three in Part I and other four in Part II) new future directions which can contribute to strengthening the literature.

Research limitations/implications

The FNN contributions are numerous and cannot be covered in a single study. The authors remain focused on learning algorithms and optimization techniques, along with their application to real-world problems, proposing to improve the generalization performance and convergence rate of FNNs with the characteristics of computing optimal hyperparameters, connection weights, hidden units, selecting an appropriate network architecture rather than trial and error approaches and avoiding overfitting.

Practical implications

This study will help researchers and practitioners to deeply understand the existing algorithms merits of FNNs with limitations, research gaps, application areas and changes in research studies in the last three decades. Moreover, the user, after having in-depth knowledge by understanding the applications of algorithms in the real world, may apply appropriate FNN algorithms to get optimal results in the shortest possible time, with less effort, for their specific application area problems.

Originality/value

The existing literature surveys are limited in scope due to comparative study of the algorithms, studying algorithms application areas and focusing on specific techniques. This implies that the existing surveys are focused on studying some specific algorithms or their applications (e.g. pruning algorithms, constructive algorithms, etc.). In this work, the authors propose a comprehensive review of different categories, along with their real-world applications, that may affect FNN generalization performance and convergence rate. This makes the classification scheme novel and significant.

Details

Industrial Management & Data Systems, vol. 120 no. 1
Type: Research Article
ISSN: 0263-5577

Keywords

Book part
Publication date: 25 April 2013

Donal Crilly

This chapter explores the integrative effects of individual psychology and social context in explaining why managers would behave in socially responsible ways. To identify how…

Abstract

This chapter explores the integrative effects of individual psychology and social context in explaining why managers would behave in socially responsible ways. To identify how factors at different levels of analysis combine to shape attitudes toward social responsibility, I apply fuzzy-set qualitative comparative analysis (fsQCA) to survey and archival data from 335 managers of overseas subsidiaries of three Dutch corporations. Attention to the simultaneous effects of individual psychological factors, the organizational context, and the broader social context offers a configurational perspective on the micro and macrofoundations of social responsibility.

Details

Configurational Theory and Methods in Organizational Research
Type: Book
ISBN: 978-1-78190-778-8

Keywords

Book part
Publication date: 25 April 2013

R.Greg Bell, Ruth V. Aguilera and Igor Filatotchev

Corporate governance research based on agency theory has been criticized for being “under-contextualized,” and for evaluating various governance practices independently. To…

Abstract

Corporate governance research based on agency theory has been criticized for being “under-contextualized,” and for evaluating various governance practices independently. To address both criticisms, we take a configurational approach and show how firm-level governance practices interact with informational asymmetries associated with a firm’s industry. By examining foreign Initial Public Offerings (IPOs) that have chosen to list on London stock exchanges, we demonstrate that an assessment of the firm-level corporate governance configurations is incomplete without taking into account the firm’s industry affiliation. Our use of fs/QCA underscores the possibilities configurational approaches have in advancing theories of corporate governance.

Details

Configurational Theory and Methods in Organizational Research
Type: Book
ISBN: 978-1-78190-778-8

Keywords

Book part
Publication date: 25 April 2013

Gregory Jackson and Na Ni

The growing literature on complementarities has drawn attention to how the effects of different organizational structures, practices, and institutions are interdependent. Rather…

Abstract

The growing literature on complementarities has drawn attention to how the effects of different organizational structures, practices, and institutions are interdependent. Rather than one best way of organizing, complementarities suggest that the effectiveness of one organizational element may be dependent on the presence or absence of another particular element. Consequently, organizational arrangements often display “multiple equilibria” or what is known as equifinality, whereby multiple pathways may lead to the same or similar outcomes. While being a source of theoretical innovation, the configurational nature of complementarities has posed a number of challenges. This chapter reviews the emerging literature on complementarities to identify a series of conceptual challenges related to understanding complementarities as organizational configurations, and examines the methodological challenges in studying how such elements combine to produce joint effects on performance. The chapter argues that new set-theoretic methods using Qualitative Comparative Analysis (QCA) may present a very useful methodological alternative to studying complementarities. The chapter illustrates this potential by re-analyzing past work by Aoki, Jackson, and Miyajima (2007) on relationships between ownership structure, board structure, and employment practices of listed firms in Japan to show evidence of complementarities associated with hybrid configurations that combine market and relational forms of organization.

Details

Configurational Theory and Methods in Organizational Research
Type: Book
ISBN: 978-1-78190-778-8

Keywords

Book part
Publication date: 25 April 2013

J. Lee Whittington, Victoria McKee, Vicki L. Goodwin and R. Greg Bell

Transformational leadership has been found to positively influence employee attitudes and behaviors. However, research also has shown that a variety of task and motivational…

Abstract

Transformational leadership has been found to positively influence employee attitudes and behaviors. However, research also has shown that a variety of task and motivational factors lead to similar outcomes. Yet, little research has explored the potential interaction of transformational leadership with these other factors. We utilize fuzzy-set/qualitative comparative analysis to explore the ways these factors may interact to produce positive employee outcomes. Specifically, we found that high levels of employee commitment and performance can be achieved in the absence of a transformational leader through various “bundles” of enriched jobs, challenging goals, and high quality leader–follower relationships.

Details

Configurational Theory and Methods in Organizational Research
Type: Book
ISBN: 978-1-78190-778-8

Keywords

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