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Article
Publication date: 1 August 1994

V. Venugopal and W. Baets

Artificial Neural Networks (ANNs) have many potential applicationsvirtually in wide areas ranging from engineering to management.Recently, a great deal of interest (and effort…

2803

Abstract

Artificial Neural Networks (ANNs) have many potential applications virtually in wide areas ranging from engineering to management. Recently, a great deal of interest (and effort) has been directed towards using ANNs in business practice. In particular, they have been used in areas which were once reserved for multivariate statistical analysis. Owing to this they are often considered to be statistical methods. Marketing researchers and managers who are not aware of the conceptual differences between these two methods cannot use this new “cutting‐edge” technology effectively. Discusses the conceptual differences and similarities between the two methods, having in mind market researchers and managers who are looking for new tools to support their decision making.

Article
Publication date: 25 September 2009

Menderes Kalkat, Şahin Yıldırım and Selçuk Erkaya

The purpose of this paper is to improve the application of neural networks on vehicle engine systems for fault detecting and analysing engine oils.

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Abstract

Purpose

The purpose of this paper is to improve the application of neural networks on vehicle engine systems for fault detecting and analysing engine oils.

Design/methodology/approach

Three types of neural networks are employed to find exact neural network predictor of vehicle engine oil performance and quality. Nevertheless, two oil types are analysed for predicting performance in the engine. These oils are used and unused oils. In experimental work, two accelerometers are located at the bottom of the car engine to measure related vibrations for analysing oil quality of both cases.

Findings

The results of both computer simulation and experimental work show that the radial basis neural network predictor gives good performance at adapting different cases.

Research limitations/implications

The results of the proposed neural network analyser follow the desired results of the vehicle engine's vibration variation. However, this kind of neural network scheme can be used to analyse oil quality of the car in experimental applications.

Practical implications

As theoretical and practical studies are evaluated together, it is hoped that oil analysers and interested researchers will obtain significant results in this application area.

Originality/value

This paper is an original contribution on vehicle oil quality analysis using a proposed artificial neural network and it should be helpful for industrial applications of vehicle oil quality analysis and fault detection.

Details

Industrial Lubrication and Tribology, vol. 61 no. 6
Type: Research Article
ISSN: 0036-8792

Keywords

Article
Publication date: 18 July 2008

F.H. Bellamine and A. Elkamel

This paper seeks to present a novel computational intelligence technique to generate concise neural network models for distributed dynamic systems.

Abstract

Purpose

This paper seeks to present a novel computational intelligence technique to generate concise neural network models for distributed dynamic systems.

Design/methodology/approach

The approach used in this paper is based on artificial neural network architectures that incorporate linear and nonlinear principal component analysis, combined with generalized dimensional analysis.

Findings

Neural network principal component analysis coupled with generalized dimensional analysis reduces input variable space by about 90 percent in the modeling of oil reservoirs. Once trained, the computation time is negligible and orders of magnitude faster than any traditional discretisation schemes such as fine‐mesh finite difference.

Practical implications

Finding the minimum number of input independent variables needed to characterize a system helps in extracting general rules about its behavior, and allows for quick setting of design guidelines, and particularly when evaluating changes in the physical properties of systems.

Originality/value

The methodology can be used to simulate dynamical systems characterized by differential equations, in an interactive CAD and optimization providing faster on‐line solutions and speeding up design guidelines.

Details

Engineering Computations, vol. 25 no. 5
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 1 October 1994

Barry Wray, Adrian Palmer and David Bejou

Conceptual arguments favouring a relational rather than a transactionalapproach to the study of buyer‐seller relationships are now wellunderstood. However, attempts to quantify…

3359

Abstract

Conceptual arguments favouring a relational rather than a transactional approach to the study of buyer‐seller relationships are now well understood. However, attempts to quantify the factors contributing towards relationship quality have been held back by the complexity of the underlying factors and their interrelatedness. Traditional regression techniques are not effective in analysing data with high levels of multi‐collinearity and missing information, typical in many studies of buyer behaviour. Makes use of a relatively new technique – neural network analysis – to try to quantify the factors contributing to buyer‐seller relationship quality. The technique uses a statistically‐based learning procedure modelled on the workings of the human brain which quantifies the relationship between input and output variables through an intermediate “hidden” variable level analogous to the brain. For this study, a neural network was developed with two outcome components of relationship quality (relationship satisfaction and trust), and five input antecedents (the salesperson′s sales orientation, customer orientation, expertise, ethics and the relationship′s duration). In a comparison of multiple regression and neural network techniques, the latter was found to give statistically more significant outcomes. New applications within marketing for neural network analysis are being found. Contributes towards the development of the technique and suggests a number of further possible applications.

Details

European Journal of Marketing, vol. 28 no. 10
Type: Research Article
ISSN: 0309-0566

Keywords

Article
Publication date: 1 July 2000

M.L. Nasir, R.I. John, S.C. Bennett, D.M. Russell and A Patel

An appropriate use of neural computing techniques is to apply them to corporate bankruptcy prediction, where conventional solutions can be hard to obtain. Having said that…

1010

Abstract

An appropriate use of neural computing techniques is to apply them to corporate bankruptcy prediction, where conventional solutions can be hard to obtain. Having said that, choosing an appropriate Artificial Neural Network topology (ANN) for predicting corporate bankruptcy would remain a daunting prospect. The context of the problem is that there are no fixed rules in determining the ANN structure or its parameter values, a large number of ANN topologies may have to be constructed with different structures and parameters before determining an acceptable model. The trial‐and‐error process can be tedious, and the experience of the ANN user in constructing the topologies is invaluable in the search for a good model. Yet, a permanent solution does not exist. This paper identifies a non trivial novel approach for implementing artificial neural networks for the prediction of corporate bankruptcy by applying inter‐connected neural networks. The proposed approach is to produce a neural network architecture that captures the underlying characteristics of the problem domain. The research primarily employed financial data sets from the London Stock Exchange and Jordans financial database of major public and private British companies. Early results indicate that an ANN appears to outperform the traditional approach in forecasting corporate bankruptcy.

Details

Journal of Applied Accounting Research, vol. 5 no. 3
Type: Research Article
ISSN: 0967-5426

Keywords

Article
Publication date: 29 July 2014

Chih-Fong Tsai and Chihli Hung

Credit scoring is important for financial institutions in order to accurately predict the likelihood of business failure. Related studies have shown that machine learning…

1135

Abstract

Purpose

Credit scoring is important for financial institutions in order to accurately predict the likelihood of business failure. Related studies have shown that machine learning techniques, such as neural networks, outperform many statistical approaches to solving this type of problem, and advanced machine learning techniques, such as classifier ensembles and hybrid classifiers, provide better prediction performance than single machine learning based classification techniques. However, it is not known which type of advanced classification technique performs better in terms of financial distress prediction. The paper aims to discuss these issues.

Design/methodology/approach

This paper compares neural network ensembles and hybrid neural networks over three benchmarking credit scoring related data sets, which are Australian, German, and Japanese data sets.

Findings

The experimental results show that hybrid neural networks and neural network ensembles outperform the single neural network. Although hybrid neural networks perform slightly better than neural network ensembles in terms of predication accuracy and errors with two of the data sets, there is no significant difference between the two types of prediction models.

Originality/value

The originality of this paper is in comparing two types of advanced classification techniques, i.e. hybrid and ensemble learning techniques, in terms of financial distress prediction.

Details

Kybernetes, vol. 43 no. 7
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 1 September 2000

Fred F. Farshad, James D. Garber and Juliet N. Lorde

A novel approach using artificial neural networks (ANNs) for predicting temperature profiles evaluated 27 wells in the Gulf of Mexico. Two artificial neural network models were…

1166

Abstract

A novel approach using artificial neural networks (ANNs) for predicting temperature profiles evaluated 27 wells in the Gulf of Mexico. Two artificial neural network models were developed that predict the temperature of the flowing fluid at any depth in flowing oil wells. Back propagation was used in training the networks. The networks were tested using measured temperature profiles from the 27 oil wells. Both neural network models successfully mapped the general temperature‐profile trends of naturally flowing oil wells. The highest accuracy was achieved with a mean absolute relative percentage error of 6.0 per cent. The accuracy of the proposed neural network models to predict the temperature profile is compared to that of existing correlations. Many correlations to predict temperature profiles of the wellbore fluid, for single‐phase or multiphase flow, in producing oil wells have been developed using theoretical principles such as energy, mass and momentum balances coupled with regression analysis. The Neural Network 2 model exhibited significantly lower mean absolute relative percentage error than other correlations. Furthermore, in order to test the accuracy of the neural network models to that of Kirkpatrick’s correlation, a mathematical model was developed for Kirkpatrick’s flowing temperature gradient chart.

Details

Engineering Computations, vol. 17 no. 6
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 1 March 1998

Stanley McGreal, Alastair Adair, Dylan McBurney and David Patterson

The potential application of data mining techniques in the extraction of information from property data sets is discussed. Particular interest is focused upon neural networks in…

1943

Abstract

The potential application of data mining techniques in the extraction of information from property data sets is discussed. Particular interest is focused upon neural networks in the valuation of residential property with an evaluation of their ability to predict. Model testing infers a wide variation in the range of outputs with best results for stratified market subsets, using postal code as a locational delimiter. The paper questions whether predicted outcomes are within the range of valuation acceptability and examines issues relating to potential biasing and repeatability of results.

Details

Journal of Property Valuation and Investment, vol. 16 no. 1
Type: Research Article
ISSN: 0960-2712

Keywords

Article
Publication date: 13 March 2009

Yung‐Tsan Jou, Hui‐Ming Wee, Hsiao‐Ching Chen, Yao‐Hung Hsieh and Laurence Wang

The purpose of this paper is to create a usable life forecast model for consumable parts using neural network approach. It focuses on a consumable probe card used in the…

Abstract

Purpose

The purpose of this paper is to create a usable life forecast model for consumable parts using neural network approach. It focuses on a consumable probe card used in the semiconductor wafer testing operation. Referring to the relevant resources and the semiconductor testing operation, a fundamental concept is built to develop a probe card management system.

Design/methodology/approach

A neural network analysis software package, Q‐net2000, is applied in this study. In this case, there is one hidden layer and the neural network learning rates and momentum are set to 0.1 and 0.7. Forecast the usable life by inputting the initial values of the neural network variables into a back‐propagation neural network.

Findings

In this system, the first thing is to collect the production, maintenance and repair data, and then analyze those data by using a neural network methodology to effectively forecast a probe card's usable life. Those data are integrated to derive an optimum timing of placing a probe card order using an inventory control technique. Finally, the actual production data of a company are used to verify the feasibility of this research.

Research limitations/implications

The results presented are based on a representative expendable probe card manufacturing process in the Taiwan industry, a range of alternative scenarios and changes to the process design can be investigated using the simulation model.

Practical implications

For the semiconductor industry, the research supports the introduction on lifecycle forecast technology for expendable probe card manufacturing process.

Originality/value

The paper proposes a neural network forecast analysis to solve the case company's current management problem of determining the life cycle of probe cards in an earlier time.

Details

Journal of Manufacturing Technology Management, vol. 20 no. 3
Type: Research Article
ISSN: 1741-038X

Keywords

Book part
Publication date: 29 May 2023

Debarshi Mukherjee, Ranjit Debnath, Subhayan Chakraborty, Lokesh Kumar Jena and Khandakar Kamrul Hasan

Budget hotels are becoming an emerging industry for convenience and affordability, where consumer sentiments are of paramount importance. Tourism has become increasingly dependent…

Abstract

Budget hotels are becoming an emerging industry for convenience and affordability, where consumer sentiments are of paramount importance. Tourism has become increasingly dependent on social media and online platforms to gather travel-related information, purchase travel products, food, lodging, etc., and share views and experiences. The user-generated data helps companies make informed decisions through predictive and behavioural analytics.

Design/Methodology/Approach: This study uses text mining, deep learning, and machine learning techniques for data collection and sentiment analysis based on 117,151 online reviews of the customers posted on the TripAdvisor website from May 2004 to May 2019 from 197 hotels of five prominent budget hotel groups spread across India using Feedforward Neural Network along with Keras package and Softmax activation function.

Findings: The word-of-mouth turns into electronic word-of-mouth through social networking sites, with easy access to information that enables customers to pick a budget hotel. We identified 20 widely used words that most customers use in their reviews, which can help managers optimise operational efficiency by boosting consumer acceptability, satisfaction, positive experiences, and overcoming negative consumer perceptions.

Practical Implications: The analysis of the review patterns is based on real-time data, which is helpful to understand the customer’s requirements, particularly for budget hotels.

Originality/Value: We analysed TripAdvisor reviews posted over the last 16 years, excluding the Corona period due to industry crises. The findings reverberate in consonance with the performance improvement theory, which states feed-forward a neural network enhances organisational, process, and individual-level performance in the hospitality industry based on customer reviews.

Details

Smart Analytics, Artificial Intelligence and Sustainable Performance Management in a Global Digitalised Economy
Type: Book
ISBN: 978-1-80382-555-7

Keywords

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