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1 – 10 of over 2000
Article
Publication date: 10 July 2024

Wiput Tuvayanond, Viroon Kamchoom and Lapyote Prasittisopin

This paper aims to clarify the efficient process of the machine learning algorithms implemented in the ready-mix concrete (RMC) onsite. It proposes innovative machine learning…

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Abstract

Purpose

This paper aims to clarify the efficient process of the machine learning algorithms implemented in the ready-mix concrete (RMC) onsite. It proposes innovative machine learning algorithms in terms of preciseness and computation time for the RMC strength prediction.

Design/methodology/approach

This paper presents an investigation of five different machine learning algorithms, namely, multilinear regression, support vector regression, k-nearest neighbors, extreme gradient boosting (XGBOOST) and deep neural network (DNN), that can be used to predict the 28- and 56-day compressive strengths of nine mix designs and four mixing conditions. Two algorithms were designated for fitting the actual and predicted 28- and 56-day compressive strength data. Moreover, the 28-day compressive strength data were implemented to predict 56-day compressive strength.

Findings

The efficacy of the compressive strength data was predicted by DNN and XGBOOST algorithms. The computation time of the XGBOOST algorithm was apparently faster than the DNN, offering it to be the most suitable strength prediction tool for RMC.

Research limitations/implications

Since none has been practically adopted the machine learning for strength prediction for RMC, the scope of this work focuses on the commercially available algorithms. The adoption of the modified methods to fit with the RMC data should be determined thereafter.

Practical implications

The selected algorithms offer efficient prediction for promoting sustainability to the RMC industries. The standard adopting such algorithms can be established, excluding the traditional labor testing. The manufacturers can implement research to introduce machine learning in the quality controcl process of their plants.

Originality/value

Regarding literature review, machine learning has been assessed regarding the laboratory concrete mix design and concrete performance. A study conducted based on the on-site production and prolonged mixing parameters is lacking.

Details

Construction Innovation , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1471-4175

Keywords

Article
Publication date: 28 September 2023

Moh. Riskiyadi

This study aims to compare machine learning models, datasets and splitting training-testing using data mining methods to detect financial statement fraud.

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Abstract

Purpose

This study aims to compare machine learning models, datasets and splitting training-testing using data mining methods to detect financial statement fraud.

Design/methodology/approach

This study uses a quantitative approach from secondary data on the financial reports of companies listed on the Indonesia Stock Exchange in the last ten years, from 2010 to 2019. Research variables use financial and non-financial variables. Indicators of financial statement fraud are determined based on notes or sanctions from regulators and financial statement restatements with special supervision.

Findings

The findings show that the Extremely Randomized Trees (ERT) model performs better than other machine learning models. The best original-sampling dataset compared to other dataset treatments. Training testing splitting 80:10 is the best compared to other training-testing splitting treatments. So the ERT model with an original-sampling dataset and 80:10 training-testing splitting are the most appropriate for detecting future financial statement fraud.

Practical implications

This study can be used by regulators, investors, stakeholders and financial crime experts to add insight into better methods of detecting financial statement fraud.

Originality/value

This study proposes a machine learning model that has not been discussed in previous studies and performs comparisons to obtain the best financial statement fraud detection results. Practitioners and academics can use findings for further research development.

Details

Asian Review of Accounting, vol. 32 no. 3
Type: Research Article
ISSN: 1321-7348

Keywords

Article
Publication date: 6 August 2024

Sooin Kim, Atefe Makhmalbaf and Mohsen Shahandashti

This research aims to forecast the ABI as a leading indicator of U.S. construction activities, applying multivariate machine learning predictive models over different horizons and…

Abstract

Purpose

This research aims to forecast the ABI as a leading indicator of U.S. construction activities, applying multivariate machine learning predictive models over different horizons and utilizing the nonlinear and long-term dependencies between the ABI and macroeconomic and construction market variables. To assess the applicability of the machine learning models, six multivariate machine learning predictive models were developed considering the relationships between the ABI and other construction market and macroeconomic variables. The forecasting performances of the developed predictive models were evaluated in different forecasting scenarios, such as short-term, medium-term, and long-term horizons comparable to the actual timelines of construction projects.

Design/methodology/approach

The architecture billings index (ABI) as a macroeconomic indicator is published monthly by the American Institute of Architects (AIA) to evaluate business conditions and track construction market movements. The current research developed multivariate machine learning models to forecast ABI data for different time horizons. Different macroeconomic and construction market variables, including Gross Domestic Product (GDP), Total Nonresidential Construction Spending, Project Inquiries, and Design Contracts data were considered for predicting future ABI values. The forecasting accuracies of the machine learning models were validated and compared using the short-term (one-year-ahead), medium-term (three-year-ahead), and long-term (five-year-ahead) ABI testing datasets.

Findings

The experimental results show that Long Short Term Memory (LSTM) provides the highest accuracy among the machine learning and traditional time-series forecasting models such as Vector Error Correction Model (VECM) or seasonal ARIMA in forecasting the ABIs over all the forecasting horizons. This is because of the strengths of LSTM for forecasting temporal time series by solving vanishing or exploding gradient problems and learning long-term dependencies in sequential ABI time series. The findings of this research highlight the applicability of machine learning predictive models for forecasting the ABI as a leading indicator of construction activities, business conditions, and market movements.

Practical implications

The architecture, engineering, and construction (AEC) industry practitioners, investment groups, media outlets, and business leaders refer to ABI as a macroeconomic indicator to evaluate business conditions and track construction market movements. It is crucial to forecast the ABI accurately for strategic planning and preemptive risk management in fluctuating AEC business cycles. For example, cost estimators and engineers who forecast the ABI to predict future demand for architectural services and construction activities can prepare and price their bids more strategically to avoid a bid loss or profit loss.

Originality/value

The ABI data have been forecasted and modeled using linear time series models. However, linear time series models often fail to capture nonlinear patterns, interactions, and dependencies among variables, which can be handled by machine learning models in a more flexible manner. Despite the strength of machine learning models to capture nonlinear patterns and relationships between variables, the applicability and forecasting performance of multivariate machine learning models have not been investigated for ABI forecasting problems. This research first attempted to forecast ABI data for different time horizons using multivariate machine learning predictive models using different macroeconomic and construction market variables.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 6 August 2024

Suhanom Mohd Zaki, Saifudin Razali, Mohd Aidil Riduan Awang Kader, Mohd Zahid Laton, Maisarah Ishak and Norhapizah Mohd Burhan

Many studies have examined pre-diploma students' backgrounds and academic performance with results showing that some did not achieve the expected level of competence. This study…

Abstract

Purpose

Many studies have examined pre-diploma students' backgrounds and academic performance with results showing that some did not achieve the expected level of competence. This study aims to examine the relationship between students’ demographic characteristics and their academic achievement at the pre-diploma level using machine learning.

Design/methodology/approach

Secondary data analysis was used in this study, which involved collecting information about 1,052 pre-diploma students enrolled at Universiti Teknologi MARA (UiTM) Pahang Branch between 2017 and 2021. The research procedure was divided into two parts: data collecting and pre-processing, and building the machine learning algorithm, pre-training and testing.

Findings

Gender, family income, region and achievement in the national secondary school examination (Sijil Pelajaran Malaysia [SPM]) predict academic performance. Female students were 1.2 times more likely to succeed academically. Central region students performed better with a value of 1.26. M40-income students were more likely to excel with an odds ratio of 2.809. Students who excelled in SPM English and Mathematics had a better likelihood of succeeding in higher education.

Research limitations/implications

This research was limited to pre-diploma students from UiTM Pahang Branch. For better generalizability of the results, future research should include pre-diploma students from other UiTM branches that offer this programme.

Practical implications

This study is expected to offer insights for policymakers, particularly, the Ministry of Higher Education, in developing a comprehensive policy to improve the tertiary education system by focusing on the fourth Sustainable Development Goal.

Social implications

These pre-diploma students were found to originate mainly from low- or middle-income families; hence, the programme may help them acquire better jobs and improve their standard of living. Most students enrolling on the pre-diploma performed below excellent at the secondary school level and were therefore given the opportunity to continue studying at a higher level.

Originality/value

This predictive model contributes to guidelines on the minimum requirements for pre-diploma students to gain admission into higher education institutions by ensuring the efficient distribution of resources and equal access to higher education among all communities.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 2 August 2024

Tang Ting, Md Aslam Mia, Md Imran Hossain and Khaw Khai Wah

Given the growing emphasis among scholars, practitioners and policymakers on financial sustainability, this study aims to explore the applicability of machine learning techniques…

Abstract

Purpose

Given the growing emphasis among scholars, practitioners and policymakers on financial sustainability, this study aims to explore the applicability of machine learning techniques in predicting the financial performance of microfinance institutions (MFIs).

Design/methodology/approach

This study gathered 9,059 firm-year observations spanning from 2003 to 2018 from the World Bank's Mix Market database. To predict the financial performance of MFIs, the authors applied a range of machine learning regression approaches to both training and testing data sets. These included linear regression, partial least squares, linear regression with stepwise selection, elastic net, random forest, quantile random forest, Bayesian ridge regression, K-Nearest Neighbors and support vector regression. All models were implemented using Python.

Findings

The findings revealed the random forest model as the most suitable choice, outperforming the other models considered. The effectiveness of the random forest model varied depending on specific scenarios, particularly the balance between training and testing data set proportions. More importantly, the results identified operational self-sufficiency as the most critical factor influencing the financial performance of MFIs.

Research limitations/implications

This study leveraged machine learning on a well-defined data set to identify the factors predicting the financial performance of MFIs. These insights offer valuable guidance for MFIs aiming to predict their long-term financial sustainability. Investors and donors can also use these findings to make informed decisions when selecting their potential recipients. Furthermore, practitioners and policymakers can use these findings to identify potential financial performance vulnerabilities.

Originality/value

This study stands out by using a global data set to investigate the best model for predicting the financial performance of MFIs, a relatively scarce subject in the existing microfinance literature. Moreover, it uses advanced machine learning techniques to gain a deeper understanding of the factors affecting the financial performance of MFIs.

Details

Journal of Modelling in Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-5664

Keywords

Article
Publication date: 29 August 2024

Jarunee Wonglimpiyarat

The study aims to analyse the race towards green development and United Nations sustainable development goals (SDGs) in the cases of Huawei and Shell. Both companies are the…

Abstract

Purpose

The study aims to analyse the race towards green development and United Nations sustainable development goals (SDGs) in the cases of Huawei and Shell. Both companies are the leaders in their respective industries. Huawei is an example case study representing the information and communications technology (ICT) industry whereas Shell is an example case study representing the oil and gas industry. The research analyses of the races in achieving UN SDGs were undertaken based on the innovation diffusion framework with the use of machine learning algorithms trained to extract data on sustainability activities and initiatives.

Design/methodology/approach

The research analyses the two case studies of Huawei and Shell. The research was undertaken through the steps of training machine learning algorithms, industry benchmarking and evaluating the performance of the race. The analyses regarding the activities and initiatives of Huawei and Shell in contributing towards SDGs are based on the data in the past 10 years (Years 2010–2019) using machine learning to extract data on sustainability activities and initiatives. In the case of Huawei, 313 sustainability reports were fed to the unsupervised machine learning algorithms revealing 15,101 sustainability actions and initiatives related to UN SDGs in the ICT industry. In the case of Shell, 2,015 sustainability reports were fed to the unsupervised machine learning algorithms revealing 47,365 sustainability actions and initiatives related to UN SDGs in the oil and gas industry.

Findings

The analyses of findings revealed that Huawei and Shell performed very well in progressing towards the UN SDGs. Huawei had strong performance in the ICT industry with regard to SDGs No. 3, 4, 7, 8, 11, 12 and 16 while Shell had strong performance in the oil and gas industry with regard to SDGs No. 3, 4, 6, 7, 8, 12 and 16. Both companies had placed a focus on achieving SDG 12 responsible consumption and production, SDG 7 affordable and clean energy and SDG 4 quality education. The synthesised business model innovations of Huawei and Shell had shown their environmental, social and governance strategies – Huawei’s 2030 vision for green development and Shell’s 2050 vision for net zero emissions.

Practical implications

The five pillars of people, planet, prosperity, peace and partnership according to the UN 2030 agenda for sustainable development have shown the way a company operates to promote sustainable eco-systems. The extent to which both Huawei and Shell link corporate strategies to the UN SDGs has reflected their implementation progress. Furthermore, the business model innovations of Huawei and Shell provides a useful framework which can be applied to encourage other companies/organisations in various industries to undertake ESG activities in practice.

Originality/value

The main contribution of this research is the application of machine learning algorithms and the innovation diffusion model in analysing the SDGs performance. The study applies the innovation diffusion framework to explore strategic actions and initiatives of Huawei and Shell in transitioning towards sustainability. The use of machine learning algorithms has identified their sustainability approach in achieving the UN SDGs.

Details

foresight, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 30 March 2023

Nader Asadi Ejgerdi and Mehrdad Kazerooni

With the growth of organizations and businesses, customer acquisition and retention processes have become more complex in the long run. That is why customer lifetime value (CLV…

Abstract

Purpose

With the growth of organizations and businesses, customer acquisition and retention processes have become more complex in the long run. That is why customer lifetime value (CLV) has become crucial to sales managers. Predicting the CLV is a strategic weapon and competitive advantage in increasing profitability and identifying customers with more splendid profitability and is one of the essential key performance indicators (KPI) used in customer segmentation. Thus, this paper proposes a stacked ensemble learning method, a combination of multiple machine learning methods, for CLV prediction.

Design/methodology/approach

In order to utilize customers’ behavioral features for predicting the value of each customer’s CLV, the data of a textile sales company was used as a case study. The proposed stacked ensemble learning method is compared with several popular predictive methods named deep neural networks, bagging support vector regression, light gradient boosting machine, random forest and extreme gradient boosting.

Findings

Empirical results indicate that the regression performance of the stacked ensemble learning method outperformed other methods in terms of normalized rooted mean squared error, normalized mean absolute error and coefficient of determination, at 0.248, 0.364 and 0.848, respectively. In addition, the prediction capability of the proposed method improved significantly after optimizing its hyperparameters.

Originality/value

This paper proposes a stacked ensemble learning method as a new method for accurate CLV prediction. The results and comparisons support the robustness and efficiency of the proposed method for CLV prediction.

Details

Kybernetes, vol. 53 no. 7
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 23 August 2024

Ross Taylor, Masoud Fakhimi, Athina Ioannou and Konstantina Spanaki

This study proposes an integrated Machine Learning and simulated framework for a personalized learning system. This framework aims to improve the integrity of the provided tasks…

Abstract

Purpose

This study proposes an integrated Machine Learning and simulated framework for a personalized learning system. This framework aims to improve the integrity of the provided tasks, adapt to each student individually and ultimately enhance students' academic performance.

Design/methodology/approach

This methodology comprises two components. (1) A simulation-based system that utilizes reinforcement algorithms to assign additional questions to students who do not reach pass grade thresholds. (2) A Machine Learning system that uses the data from the system to identify the drivers of passing or failing and predict the likelihood of each student passing or failing based on their engagement with the simulated system.

Findings

The results of this study offer preliminary evidence of the effectiveness of the proposed simulation system and indicate that such a system has the potential to foster improvements in learning outcomes.

Research limitations/implications

As with all empirical studies, this research has limitations. A simulation study is an abstraction of reality and may not be completely accurate. Student performance in real-world environments may be higher than estimated in this simulation, reducing the required teacher support.

Practical implications

The developed personalized learning (PL) system demonstrates a strong foundation for improving students' performance, particularly within a blended learning context. The findings indicate that simulated performance using the system exhibited improvement when individual students experienced higher learning benefits tailored to their needs.

Social implications

The research offers evidence of the effectiveness of personalized learning systems and highlights their capacity to drive improvements in education. The proposed system holds the potential to enhance learning outcomes by tailoring tasks to meet the unique needs of each student.

Originality/value

This study contributes to the growing literature on personalized learning, emphasizing the importance of leveraging machine learning in educational technologies to enable precise predictions of student performance.

Details

Benchmarking: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-5771

Keywords

Open Access
Article
Publication date: 2 February 2024

Sumathi Annamalai and Aditi Vasunandan

With Industry 4.0 and the extensive rise of smart technologies, we are seeing remarkable transformations in work practices and workplaces. Scholars report the phenomenal progress…

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Abstract

Purpose

With Industry 4.0 and the extensive rise of smart technologies, we are seeing remarkable transformations in work practices and workplaces. Scholars report the phenomenal progress of smart technologies. At the same time, we can hear the rhetoric emphasising their potential threats. This study focusses on how and where intelligent machines are leveraged in the workplace, how humans co-working with intelligent machines are affected and what they believe can be done to mitigate the risks of the increased use of intelligent machines.

Design/methodology/approach

We conducted in-depth interviews with 15 respondents working in various leadership capacities associated with intelligent machines and technologies. Using NVivo, we coded and churned out the themes from the qualitative data collected.

Findings

This study shows how intelligent machines are leveraged across different industries, ranging from chatbots, intelligent sensors, cognitive systems and computer vision to the replica of the entire human being. They are used end-to-end in the value chain, increasing productivity, complementing human workers’ skillsets and augmenting decisions made by human workers. Human workers experience a blend of positive and negative emotions whilst co-working with intelligent machines, which influences their job satisfaction level. Organisations adopt several anticipatory strategies, like transforming into a learning organisation, identifying futuristic technologies and upskilling their human workers, regularly conducting social learning events and designing accelerated career paths to embrace intelligent technologies.

Originality/value

This study seeks to understand the emotional and practical implications of the use of intelligent machines by humans and how both entities can integrate and complement each other. These insights can help organisations and employees understand what future workplaces and practices will look like and how to remain relevant in this transformation.

Details

Central European Management Journal, vol. 32 no. 3
Type: Research Article
ISSN: 2658-0845

Keywords

Article
Publication date: 13 August 2024

Zoltán Bakonyi

Exploring trust's impact on AI project success. Companies can't leverage AI without employee trust. While analytics features like speed and precision can build trust, they may…

Abstract

Purpose

Exploring trust's impact on AI project success. Companies can't leverage AI without employee trust. While analytics features like speed and precision can build trust, they may also lower it during implementation, leading to paradoxes. This study identifies these paradoxes and proposes strategies to manage them.

Design/methodology/approach

This paper applies a grounded theory approach based on 35 interviews with senior managers, users, and implementers of analytics solutions of large European companies.

Findings

It identifies seven paradoxes, namely, knowledge substitution, task substitution, domain expert, time, error, reference, and experience paradoxes and provides some real-life examples of managing them.

Research limitations/implications

The limitations of this paper include its focus on machine learning projects from the last two years, potentially overlooking longer-term trends. The study's micro-level perspective on implementation projects may limit broader insights, and the research primarily examines European contexts, potentially missing out on global perspectives. Additionally, the qualitative methodology used may limit the generalizability of findings. Finally, while the paper identifies trust paradoxes, it does not offer an exhaustive exploration of their dynamics or quantitative measurements of their strength.

Practical implications

Several tactics to tackle trust paradoxes in AI projects have been identified, including a change roadmap, data “load tests”, early expert involvement, model descriptions, piloting, plans for machine-human cooperation, learning time, and a backup system. Applying these can boost trust in AI, giving organizations an analytical edge.

Social implications

The AI-driven digital transformation is inevitable; the only question is whether we will lead, participate, or fall behind. This paper explores how organizations can adapt to technological changes and how employees can leverage AI to enhance efficiency with minimal disruption.

Originality/value

This paper offers a theoretical overview of trust in analytics and analyses over 30 interviews from real-life analytics projects, contributing to a field typically dominated by statistical or anecdotal evidence. It provides practical insights with scientific rigour derived from the interviews and the author's nearly decade-long consulting career.

Details

Journal of Organizational Change Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0953-4814

Keywords

1 – 10 of over 2000