• Title/Summary/Keyword: Prediction models

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A Comparative Study on Prediction Performance of the Bankruptcy Prediction Models for General Contractors in Korea Construction Industry

  • Seung-Kyu Yoo;Jae-Kyu Choi;Ju-Hyung Kim;Jae-Jun Kim
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.432-438
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    • 2011
  • The purpose of the present thesis is to develop bankruptcy prediction models capable of being applied to the Korean construction industry and to deduce an optimal model through comparative evaluation of final developed models. A study population was selected as general contractors in the Korean construction industry. In order to ease the sample securing and reliability of data, it was limited to general contractors receiving external audit from the government. The study samples are divided into a bankrupt company group and a non-bankrupt company group. The bankruptcy, insolvency, declaration of insolvency, workout and corporate reorganization were used as selection criteria of a bankrupt company. A company that is not included in the selection criteria of the bankrupt company group was selected as a non-bankrupt company. Accordingly, the study sample is composed of a total of 112 samples and is composed of 48 bankrupt companies and 64 non-bankrupt companies. A financial ratio was used as early predictors for development of an estimation model. A total of 90 financial ratios were used and were divided into growth, profitability, productivity and added value. The MDA (Multivariate Discriminant Analysis) model and BLRA (Binary Logistic Regression Analysis) model were used for development of bankruptcy prediction models. The MDA model is an analysis method often used in the past bankruptcy prediction literature, and the BLRA is an analysis method capable of avoiding equal variance assumption. The stepwise (MDA) and forward stepwise method (BLRA) were used for selection of predictor variables in case of model construction. Twenty two variables were finally used in MDA and BLRA models according to timing of bankruptcy. The ROC-Curve Analysis and Classification Analysis were used for analysis of prediction performance of estimation models. The correct classification rate of an individual bankruptcy prediction model is as follows: 1) one year ago before the event of bankruptcy (MDA: 83.04%, BLRA: 93.75%); 2) two years ago before the event of bankruptcy (MDA: 77.68%, BLRA: 78.57%); 3) 3 years ago before the event of bankruptcy (MDA: 84.82%, BLRA: 91.96%). The AUC (Area Under Curve) of an individual bankruptcy prediction model is as follows. : 1) one year ago before the event of bankruptcy (MDA: 0.933, BLRA: 0.978); 2) two years ago before the event of bankruptcy (MDA: 0.852, BLRA: 0.875); 3) 3 years ago before the event of bankruptcy (MDA: 0.938, BLRA: 0.975). As a result of the present research, accuracy of the BLRA model is higher than the MDA model and its prediction performance is improved.

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Development of the Expert Seasonal Prediction System: an Application for the Seasonal Outlook in Korea

  • Kim, WonMoo;Yeo, Sae-Rim;Kim, Yoojin
    • Asia-Pacific Journal of Atmospheric Sciences
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    • v.54 no.4
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    • pp.563-573
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    • 2018
  • An Expert Seasonal Prediction System for operational Seasonal Outlook (ESPreSSO) is developed based on the APEC Climate Center (APCC) Multi-Model Ensemble (MME) dynamical prediction and expert-guided statistical downscaling techniques. Dynamical models have improved to provide meaningful seasonal prediction, and their prediction skills are further improved by various ensemble and downscaling techniques. However, experienced scientists and forecasters make subjective correction for the operational seasonal outlook due to limited prediction skills and biases of dynamical models. Here, a hybrid seasonal prediction system that grafts experts' knowledge and understanding onto dynamical MME prediction is developed to guide operational seasonal outlook in Korea. The basis dynamical prediction is based on the APCC MME, which are statistically mapped onto the station-based observations by experienced experts. Their subjective selection undergoes objective screening and quality control to generate final seasonal outlook products after physical ensemble averaging. The prediction system is constructed based on 23-year training period of 1983-2005, and its performance and stability are assessed for the independent 11-year prediction period of 2006-2016. The results show that the ESPreSSO has reliable and stable prediction skill suitable for operational use.

Prediction of Land-cover Change in the Gongju Areas using Fuzzy Logic and Geo-spatial Information (퍼지 논리와 지리공간정보를 이용한 공주지역 토지피복 변화 예측)

  • Jang, Dong-Ho
    • Journal of Environmental Impact Assessment
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    • v.14 no.6
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    • pp.387-402
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    • 2005
  • In this study, we tried to predict the change of future land-cover and relationships between land-cover change and geo-spatial information in the Gongju area by using fuzzy logic operation. Quantitative evaluation of prediction models was carried out using a prediction rate curve using. Based on the analysis of correlations between the geo-spatial information and land-cover change, the class with the highest correlation was extracted. Fuzzy operations were used to predict land-cover change and determine the land-cover prediction maps that were the most suitable. It was predicted that in urban areas, the urban expansion of old and new towns would occur centering on the Gem-river, and that urbanization of areas along the interchange and national roads would also expand. Among agricultural areas, areas adjacent to national roads connected to small tributaries of the Gem-river and neighboring areas would likely experience changes. Most of the forest areas are located in southeast and from this result we can guess why the wide chestnut-tree cultivation complex is located in these areas and the possibility of forest damage is very high. As a result of validation using the prediction rate curve, it was indicated that among fuzzy operators, the maximum fuzzy operator was the most suitable for analyzing land-cover change in urban and agricultural areas. Other fuzzy operators resulted in the similar prediction capabilities. However, in the prediction rate curve of integrated models for land-cover prediction in the forest areas, most fuzzy operators resulted in poorer prediction capabilities. Thus, it is necessary to apply new thematic maps or prediction models in connection with the effective prediction of changes in the forest areas.

Comparison and analysis of data-derived stage prediction models (자료 지향형 수위예측 모형의 비교 분석)

  • Choi, Seung-Yong;Han, Kun-Yeun;Choi, Hyun-Gu
    • Journal of Wetlands Research
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    • v.13 no.3
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    • pp.547-565
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    • 2011
  • Different types of schemes have been used in stage prediction involving conceptual and physical models. Nevertheless, none of these schemes can be considered as a single superior model. To overcome disadvantages of existing physics based rainfall-runoff models for stage predicting because of the complexity of the hydrological process, recently the data-derived models has been widely adopted for predicting flood stage. The objective of this study is to evaluate model performance for stage prediction of the Neuro-Fuzzy and regression analysis stage prediction models in these data-derived methods. The proposed models are applied to the Wangsukcheon in Han river watershed. To evaluate the performance of the proposed models, fours statistical indices were used, namely; Root mean square error(RMSE), Nash Sutcliffe efficiency coefficient(NSEC), mean absolute error(MAE), adjusted coefficient of determination($R^{*2}$). The results show that the Neuro-Fuzzy stage prediction model can carry out the river flood stage prediction more accurately than the regression analysis stage prediction model. This study can greatly contribute to the construction of a high accuracy flood information system that secure lead time in medium and small streams.

Assessment of Steam Generator Tubes with Multiple Axial Through-Wall Cracks (축방향 다중관통균열이 존재하는 증기발생기 세관 평가법)

  • Moon, Seong-In;Chang, Yoon-Suk;Kim, Young-Jin;Lee, Jin-Ho;Song, Myung-Ho;Choi, Young-Hwan
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.28 no.11
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    • pp.1741-1751
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    • 2004
  • It is commonly requested that the steam generator tubes wall-thinned in excess of 40% should be plugged. However, the plugging criterion is known to be too conservative for some locations and types of defects and its application is limited to a single crack in spite of the fact that the occurrence of multiple through-wall cracks is more common in general. The objective of this research is to propose the optimum failure prediction models for two adjacent through-wall cracks in steam generator tubes. The conservatism of the present plugging criteria was reviewed using the existing failure prediction models for a single crack, and six new failure prediction models for multiple through-wall cracks have been introduced. Then, in order to determine the optimum ones among these new local or global failure prediction models, a series of plastic collapse tests and corresponding finite element analyses for two adjacent through-wall cracks in thin plate were carried out. Thereby, the reaction force model, plastic zone contact model and COD (Crack-Opening Displacement) base model were selected as the optimum ones for assessment of steam generator tubes with multiple through-wall cracks. The selected optimum failure prediction models, finally, were used to estimate the coalescence pressure of two adjacent through-wall cracks in steam generator tubes.

Web access prediction based on parallel deep learning

  • Togtokh, Gantur;Kim, Kyung-Chang
    • Journal of the Korea Society of Computer and Information
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    • v.24 no.11
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    • pp.51-59
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    • 2019
  • Due to the exponential growth of access information on the web, the need for predicting web users' next access has increased. Various models such as markov models, deep neural networks, support vector machines, and fuzzy inference models were proposed to handle web access prediction. For deep learning based on neural network models, training time on large-scale web usage data is very huge. To address this problem, deep neural network models are trained on cluster of computers in parallel. In this paper, we investigated impact of several important spark parameters related to data partitions, shuffling, compression, and locality (basic spark parameters) for training Multi-Layer Perceptron model on Spark standalone cluster. Then based on the investigation, we tuned basic spark parameters for training Multi-Layer Perceptron model and used it for tuning Spark when training Multi-Layer Perceptron model for web access prediction. Through experiments, we showed the accuracy of web access prediction based on our proposed web access prediction model. In addition, we also showed performance improvement in training time based on our spark basic parameters tuning for training Multi-Layer Perceptron model over default spark parameters configuration.

Intelligent prediction of engineered cementitious composites with limestone calcined clay cement (LC3-ECC) compressive strength based on novel machine learning techniques

  • Enming Li;Ning Zhang;Bin Xi;Vivian WY Tam;Jiajia Wang;Jian Zhou
    • Computers and Concrete
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    • v.32 no.6
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    • pp.577-594
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    • 2023
  • Engineered cementitious composites with calcined clay limestone cement (LC3-ECC) as a kind of green, low-carbon and high toughness concrete, has recently received significant investigation. However, the complicated relationship between potential influential factors and LC3-ECC compressive strength makes the prediction of LC3-ECC compressive strength difficult. Regarding this, the machine learning-based prediction models for the compressive strength of LC3-ECC concrete is firstly proposed and developed. Models combine three novel meta-heuristic algorithms (golden jackal optimization algorithm, butterfly optimization algorithm and whale optimization algorithm) with support vector regression (SVR) to improve the accuracy of prediction. A new dataset about LC3-ECC compressive strength was integrated based on 156 data from previous studies and used to develop the SVR-based models. Thirteen potential factors affecting the compressive strength of LC3-ECC were comprehensively considered in the model. The results show all hybrid SVR prediction models can reach the Coefficient of determination (R2) above 0.95 for the testing set and 0.97 for the training set. Radar and Taylor plots also show better overall prediction performance of the hybrid SVR models than several traditional machine learning techniques, which confirms the superiority of the three proposed methods. The successful development of this predictive model can provide scientific guidance for LC3-ECC materials and further apply to such low-carbon, sustainable cement-based materials.

Compressive Basic Creep Prediction in Early-Age Concrete (초기재령 콘크리트의 압축 기본크리프 예측)

  • 김성훈;송하원;변근수
    • Proceedings of the Korea Concrete Institute Conference
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    • 1999.10a
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    • pp.285-288
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    • 1999
  • Creep is a major parameter to represent long-term behavior of concrete structures concerning serviceability and durability. The effect of creep is recently taking account into crack resistance analysis of early-age concrete concerning durability evaluation. Since existing creep prediction models were proposed to predict creep for hardened concrete, most of them cannot consider effectively the information on microstructure formation and hydration developed in the early-age concrete. In this study, creep tests for early-age concrete made of the type I cement and the type V cement are carried out respectively and creep prediction models are evaluated for the prediction of creep behavior in early-age concrete. A creep prediction model is modified for the prediction of creep in early-age concrete and also verified by comparing prediction results with results of creep tests on early-age concrete.

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Using Machine Learning Algorithms for Housing Price Prediction: The Case of Islamabad Housing Data

  • Imran, Imran;Zaman, Umar;Waqar, Muhammad;Zaman, Atif
    • Soft Computing and Machine Intelligence
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    • v.1 no.1
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    • pp.11-23
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    • 2021
  • House price prediction is a significant financial decision for individuals working in the housing market as well as for potential buyers. From investment to buying a house for residence, a person investing in the housing market is interested in the potential gain. This paper presents machine learning algorithms to develop intelligent regressions models for House price prediction. The proposed research methodology consists of four stages, namely Data Collection, Pre Processing the data collected and transforming it to the best format, developing intelligent models using machine learning algorithms, training, testing, and validating the model on house prices of the housing market in the Capital, Islamabad. The data used for model validation and testing is the asking price from online property stores, which provide a reasonable estimate of the city housing market. The prediction model can significantly assist in the prediction of future housing prices in Pakistan. The regression results are encouraging and give promising directions for future prediction work on the collected dataset.

A Study on Traction Prediction of Agricultural Tractor by Empirical Method (경험적 방법에 의한 트랙터의 견인력 예측에 관한 연구)

  • Lee, Dong-Hoon;Lee, Kyou-Seung;Park, Won-Yeop
    • Journal of Biosystems Engineering
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    • v.34 no.5
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    • pp.297-304
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    • 2009
  • This study was conducted to investigate the adequacy of the representative empirical models which are developed for predicting the tractive performance of the tractor operating in various soil conditions. Four representative empirical models which are widely used in the traction prediction of tractor were selected through literature review. Four models were Wismer-Luth, Brixius, Dwyer and Hernandez model, which were empirical traction models of a single wheel. The efficacy of four models were confirmed via comparison of the tractions of tractor predicted using the four models with those measured from traction tests which were conducted for two different driving type (2WD and 4WD) of the tractor on two different soil conditions. The results showed that tractions predicted by Brixius' model, especially for slip range under 20% which the operating efficiency of a tractor is very high, were well consistent with the ones measured from traction test better than the tractions predicted by models which are proposed by Wismer-Luth, Dwyer and Hernandez.