Predicting Liquid Natural Gas Consumption via the Multilayer Perceptron Algorithm Using Bayesian Hyperparameter Autotuning

Hyungah Lee, Woojin Cho, Jong-hyeok Park and Jae-hoi Gu ()
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Hyungah Lee: Energy Environment IT Convergence Group, Plant Engineering Center, Institute for Advanced Engineering, Yongin-si 17180, Republic of Korea
Woojin Cho: Energy Environment IT Convergence Group, Plant Engineering Center, Institute for Advanced Engineering, Yongin-si 17180, Republic of Korea
Jong-hyeok Park: Energy Environment IT Convergence Group, Plant Engineering Center, Institute for Advanced Engineering, Yongin-si 17180, Republic of Korea
Jae-hoi Gu: Energy Environment IT Convergence Group, Plant Engineering Center, Institute for Advanced Engineering, Yongin-si 17180, Republic of Korea

Energies, 2024, vol. 17, issue 10, 1-16

Abstract: Reductions in energy consumption and greenhouse gas emissions are required globally. Under this background, the Multilayer Perceptron machine-learning algorithm was used to predict liquid natural gas consumption to improve energy consumption efficiency. Setting hyperparameters remains challenging in machine-learning-based prediction. Here, to improve prediction efficiency, hyperparameter autotuning via Bayesian optimization was used to identify the optimal combination of the eight key hyperparameters. The autotuned model was validated by comparing its predictive performance with that of a base model (with all hyperparameters set to the default values) using the coefficient of variation of root-mean-square error (CvRMSE) and coefficient of determination ( R 2 ) based on the Measurement and Verification Guideline evaluation metrics. To confirm the model’s industrial applicability, its predictions were compared with values measured at a small-to-medium-sized food factory. The optimized model performed better than the base model, achieving a CvRMSE of 12.30% and an R 2 of 0.94, and achieving a predictive accuracy of 91.49%. By predicting energy consumption, these findings are expected to promote the efficient operation and management of energy in the food industry.

Keywords: hyperparameter; autotuning; Bayesian optimization; multilayer perceptron (MLP); liquid natural gas (LNG); consumption prediction; food factory (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
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