Artificial neural network incorporated decision support tool for point velocity prediction
Serhat Simsek,
Onur Genc,
Abdullah Albizri,
Semih Dinc and
Bilal Gonen
Journal of Business Analytics, 2020, vol. 3, issue 1, 67-78
Abstract:
This study aims to develop a decision support tool for identifying the point velocity profiles in rivers. The tool enables managers to make timely and accurate decisions, thereby eliminating a substantial amount of time, cost, and effort spent on measurement procedures. In the proposed study, three machine learning classification algorithms, Artificial Neural Networks (ANN), Classification & Regression Trees (C&RT) and Tree Augmented Naïve Bayes (TAN) along with Multinomial Logistic Regression (MLR), are employed to classify the point velocities in rivers. The results showed that ANN has outperformed the other classification algorithms in predicting the outcome that was converted into 10 ordinal classes, by achieving the accuracy level of 0.46. Accordingly, a decision support tool incorporating ANN has been developed. Such a tool can be utilized by end-users (managers/practitioners) without any expertise in the machine learning field. This tool also helps in achieving success for financial investors and other relevant stakeholders.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:taf:tjbaxx:v:3:y:2020:i:1:p:67-78
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DOI: 10.1080/2573234X.2020.1751569
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