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Book part
Publication date: 21 November 2018

Nur Syazwin Mansor, Norhaiza Ahmad and Arien Heryansyah

This study compares the performance of two types of clustering methods, time-based and non-time-based clustering, in the identification of river discharge patterns at the Johor…

Abstract

This study compares the performance of two types of clustering methods, time-based and non-time-based clustering, in the identification of river discharge patterns at the Johor River basin during the northeast monsoon season. Time-based clustering is represented by employing dynamic time warping (DTW) dissimilarity measure, whereas non-time-based clustering is represented by employing Euclidean dissimilarity measure in analysing the Johor River discharge data. In addition, we combine each of these clustering methods with a frequency domain representation of the discharge data using Discrete Fourier Transform (DFT) to see if such transformation affects the clustering results. The clustering quality from the hierarchical data structures of the identified river discharge patterns for each of the methods is measured by the Cophenetic Correlation Coefficient (CPCC). The results from the time-based clustering using DTW based on DFT transformation show a higher CPCC value as compared to that of non-time-based clustering methods.

Details

Improving Flood Management, Prediction and Monitoring
Type: Book
ISBN: 978-1-78756-552-4

Keywords

Article
Publication date: 2 November 2015

Yeqing Guan, Hua Liu and Ying Zhu

The purpose of this paper is to find the reason which the results of grey variable weight clustering method do not correspond with the reality. It proposes reconstructing the…

Abstract

Purpose

The purpose of this paper is to find the reason which the results of grey variable weight clustering method do not correspond with the reality. It proposes reconstructing the whitenization weight function, outlining why and how inconsistency is avoided. The study aims to improve the model of grey clustering method based on the whitenization weight function and list the steps of the new clustering model so that analysis and application of innovation capacity in a broader range is normally found.

Design/methodology/approach

First the reason for the problem that the clustering results of grey variable weight clustering do not correspond with the reality is analyzed in two existing literature. And then a new whitenization weight function is reconstructed, two properties of the whitenization weight function are proved. The solution of the new grey variable weight clustering based on the whitenization weight function is built by following six steps.

Findings

The paper provides a new whitenization weight function which satisfies the normative and non-triplecrossing. It suggests that successful clustering results of innovation capacity act on two levels: integrating the elements of innovation capacity indexes, and following steps of grey variable weight clustering.

Originality/value

This paper improves the existing method of grey variable weight clustering and fulfills an identified need to study how cities’ innovation capacity can be clustered.

Details

Grey Systems: Theory and Application, vol. 5 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Book part
Publication date: 1 March 2023

Elena G. Popkova and Bruno S. Sergi

The chapter aims to investigate the impact of the COVID-19 pandemic and crisis on the implementation of the game market strategy of clustering business structures. The chapter…

Abstract

The chapter aims to investigate the impact of the COVID-19 pandemic and crisis on the implementation of the game market strategy of clustering business structures. The chapter contributes to the literature by clarifying the concept of economic clustering from the perspectives of game theory and stakeholder theory in the COVID-19 pandemic and crisis. The scientific novelty and originality of the research results are that they revealed differences in the effectiveness of the game strategy of clustering business structures, first, between developed and developing countries and, second, between conditions of stability and conditions of crisis. The theoretical significance of the results and conclusions is that they opened a new perspective on the clustering of business structures – from the perspective of game theory (as a game strategy in its alternativity with the strategy of individual business presence in the market) and from the perspective of stakeholder theory (as a market strategy, the effectiveness of which is evaluated for all stakeholders). The practical significance of the research lies in the fact that it allows rationalising the decision-making on the implementation of the game strategy of clustering business structures in the context of the COVID-19 pandemic and crisis, considering the peculiarities of developed and developing countries. The authors provide their recommendations for each category of country.

Details

Game Strategies for Business Integration in the Digital Economy
Type: Book
ISBN: 978-1-80262-845-6

Keywords

Article
Publication date: 28 October 2014

Minchen Zhu, Weizhi Wang and Jingshan Huang

It is well known that the selection of initial cluster centers can significantly affect K-means clustering results. The purpose of this paper is to propose an improved, efficient…

Abstract

Purpose

It is well known that the selection of initial cluster centers can significantly affect K-means clustering results. The purpose of this paper is to propose an improved, efficient methodology to handle such a challenge.

Design/methodology/approach

According to the fact that the inner-class distance among samples within the same cluster is supposed to be smaller than the inter-class distance among clusters, the algorithm will dynamically adjust initial cluster centers that are randomly selected. Consequently, such adjusted initial cluster centers will be highly representative in the sense that they are distributed among as many samples as possible. As a result, local optima that are common in K-means clustering can then be effectively reduced. In addition, the algorithm is able to obtain all initial cluster centers simultaneously (instead of one center at a time) during the dynamic adjustment.

Findings

Experimental results demonstrate that the proposed algorithm greatly improves the accuracy of traditional K-means clustering results and, in a more efficient manner.

Originality/value

The authors presented in this paper an efficient algorithm, which is able to dynamically adjust initial cluster centers that are randomly selected. The adjusted centers are highly representative, i.e. they are distributed among as many samples as possible. As a result, local optima that are common in K-means clustering can be effectively reduced so that the authors can achieve an improved clustering accuracy. In addition, the algorithm is a cost-efficient one and the enhanced clustering accuracy can be obtained in a more efficient manner compared with traditional K-means algorithm.

Details

Engineering Computations, vol. 31 no. 8
Type: Research Article
ISSN: 0264-4401

Keywords

Article
Publication date: 1 March 1993

P. Gu

The grouping of parts and machines for design of cellularmanufacturing systems is carried out by clustering analysis. Two majordrawbacks of some clustering algorithms have been…

Abstract

The grouping of parts and machines for design of cellular manufacturing systems is carried out by clustering analysis. Two major drawbacks of some clustering algorithms have been identified in handling bottleneck machines for forming machine cells. These drawbacks include solution inconsistency and possible misclustering which result in unnecessary bottleneck machines required. Presents a more robust clustering algorithm to overcome these drawbacks. The algorithm consists of four stages: selection of initial cluster centres; cluster‐seeking analysis; eliminating unnecessary bottleneck machines; and new parts assignments. The decision functions based on the formed machine cells are defined to assign new parts to the machine cells. The algorithm is capable of selecting an ideal set of initial cluster centres, and minimizing the number of bottleneck machines required for forming the desired number of machine cells. It can also provide alternative design of machine cells to accommodate the existing production environment.

Details

Integrated Manufacturing Systems, vol. 4 no. 3
Type: Research Article
ISSN: 0957-6061

Keywords

Article
Publication date: 22 February 2024

Yumeng Feng, Weisong Mu, Yue Li, Tianqi Liu and Jianying Feng

For a better understanding of the preferences and differences of young consumers in emerging wine markets, this study aims to propose a clustering method to segment the super-new…

Abstract

Purpose

For a better understanding of the preferences and differences of young consumers in emerging wine markets, this study aims to propose a clustering method to segment the super-new generation wine consumers based on their sensitivity to wine brand, origin and price and then conduct user profiles for segmented consumer groups from the perspectives of demographic attributes, eating habits and wine sensory attribute preferences.

Design/methodology/approach

We first proposed a consumer clustering perspective based on their sensitivity to wine brand, origin and price and then conducted an adaptive density peak and label propagation layer-by-layer (ADPLP) clustering algorithm to segment consumers, which improved the issues of wrong centers' selection and inaccurate classification of remaining sample points for traditional DPC (DPeak clustering algorithm). Then, we built a consumer profile system from the perspectives of demographic attributes, eating habits and wine sensory attribute preferences for segmented consumer groups.

Findings

In this study, 10 typical public datasets and 6 basic test algorithms are used to evaluate the proposed method, and the results showed that the ADPLP algorithm was optimal or suboptimal on 10 datasets with accuracy above 0.78. The average improvement in accuracy over the base DPC algorithm is 0.184. As an outcome of the wine consumer profiles, sensitive consumers prefer wines with medium prices of 100–400 CNY and more personalized brands and origins, while casual consumers are fond of popular brands, popular origins and low prices within 50 CNY. The wine sensory attributes preferred by super-new generation consumers are red, semi-dry, semi-sweet, still, fresh tasting, fruity, floral and low acid.

Practical implications

Young Chinese consumers are the main driver of wine consumption in the future. This paper provides a tool for decision-makers and marketers to identify the preferences of young consumers quickly which is meaningful and helpful for wine marketing.

Originality/value

In this study, the ADPLP algorithm was introduced for the first time. Subsequently, the user profile label system was constructed for segmented consumers to highlight their characteristics and demand partiality from three aspects: demographic characteristics, consumers' eating habits and consumers' preferences for wine attributes. Moreover, the ADPLP algorithm can be considered for user profiles on other alcoholic products.

Details

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

Keywords

Article
Publication date: 4 March 2024

Tarek Chebbi, Hazem Migdady, Waleed Hmedat and Maha Shehadeh

The price clustering behavior is becoming a core part of the market efficiency theory especially with the development of trading strategies and the occurrence of major and…

Abstract

Purpose

The price clustering behavior is becoming a core part of the market efficiency theory especially with the development of trading strategies and the occurrence of major and unprecedented shocks which have led to severe inquiry regarding asset price dynamics and their distribution. However, research on emerging stock market is scant. The study contributes to the literature on price clustering by investigating an active emerging stock market, the Muscat stock market one of the Arabian Gulf Markets.

Design/methodology/approach

This research adopts the artificial intelligence technique and other statistical estimation procedure in understanding the price clustering patterns in Muscat stock market and their main determinants.

Findings

The findings reveal that stock prices are marked by clustering behavior as commonly highlighted in the previous studies. However, we found strong evidence of price preferences to cluster on numbers closer to zero than to one. We also show that the nature of firm’s activity matters for price clustering behavior. In addition, firms with traded bonds in Oman market experienced a substantial less stock price clustering than other firms. Clustered stock prices are more likely to have higher prices and higher volatility of price. Finally, clustering raised when the market became highly uncertain during the Covid-19 crisis especially for the financial firms.

Originality/value

This study provides novel results on price clustering literature especially for an active emerging market and during the Covid-19 pandemic crisis.

Details

Review of Behavioral Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1940-5979

Keywords

Book part
Publication date: 13 December 2017

Qiongwei Ye and Baojun Ma

Internet + and Electronic Business in China is a comprehensive resource that provides insight and analysis into E-commerce in China and how it has revolutionized and continues to…

Abstract

Internet + and Electronic Business in China is a comprehensive resource that provides insight and analysis into E-commerce in China and how it has revolutionized and continues to revolutionize business and society. Split into four distinct sections, the book first lays out the theoretical foundations and fundamental concepts of E-Business before moving on to look at internet+ innovation models and their applications in different industries such as agriculture, finance and commerce. The book then provides a comprehensive analysis of E-business platforms and their applications in China before finishing with four comprehensive case studies of major E-business projects, providing readers with successful examples of implementing E-Business entrepreneurship projects.

Internet + and Electronic Business in China is a comprehensive resource that provides insights and analysis into how E-commerce has revolutionized and continues to revolutionize business and society in China.

Details

Internet+ and Electronic Business in China: Innovation and Applications
Type: Book
ISBN: 978-1-78743-115-7

Book part
Publication date: 5 October 2018

Nima Gerami Seresht, Rodolfo Lourenzutti, Ahmad Salah and Aminah Robinson Fayek

Due to the increasing size and complexity of construction projects, construction engineering and management involves the coordination of many complex and dynamic processes and…

Abstract

Due to the increasing size and complexity of construction projects, construction engineering and management involves the coordination of many complex and dynamic processes and relies on the analysis of uncertain, imprecise and incomplete information, including subjective and linguistically expressed information. Various modelling and computing techniques have been used by construction researchers and applied to practical construction problems in order to overcome these challenges, including fuzzy hybrid techniques. Fuzzy hybrid techniques combine the human-like reasoning capabilities of fuzzy logic with the capabilities of other techniques, such as optimization, machine learning, multi-criteria decision-making (MCDM) and simulation, to capitalise on their strengths and overcome their limitations. Based on a review of construction literature, this chapter identifies the most common types of fuzzy hybrid techniques applied to construction problems and reviews selected papers in each category of fuzzy hybrid technique to illustrate their capabilities for addressing construction challenges. Finally, this chapter discusses areas for future development of fuzzy hybrid techniques that will increase their capabilities for solving construction-related problems. The contributions of this chapter are threefold: (1) the limitations of some standard techniques for solving construction problems are discussed, as are the ways that fuzzy methods have been hybridized with these techniques in order to address their limitations; (2) a review of existing applications of fuzzy hybrid techniques in construction is provided in order to illustrate the capabilities of these techniques for solving a variety of construction problems and (3) potential improvements in each category of fuzzy hybrid technique in construction are provided, as areas for future research.

Details

Fuzzy Hybrid Computing in Construction Engineering and Management
Type: Book
ISBN: 978-1-78743-868-2

Keywords

Book part
Publication date: 1 January 2004

Jessica Lin and Eamonn Keogh

Given the recent explosion of interest in streaming data and online algorithms, clustering of time series subsequences has received much attention. In this work we make a…

Abstract

Given the recent explosion of interest in streaming data and online algorithms, clustering of time series subsequences has received much attention. In this work we make a surprising claim. Clustering of time series subsequences is completely meaningless. More concretely, clusters extracted from these time series are forced to obey a certain constraint that is pathologically unlikely to be satisfied by any dataset, and because of this, the clusters extracted by any clustering algorithm are essentially random. While this constraint can be intuitively demonstrated with a simple illustration and is simple to prove, it has never appeared in the literature. We can justify calling our claim surprising, since it invalidates the contribution of dozens of previously published papers. We will justify our claim with a theorem, illustrative examples, and a comprehensive set of experiments on reimplementations of previous work.

Details

Applications of Artificial Intelligence in Finance and Economics
Type: Book
ISBN: 978-1-84950-303-7

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