Paper optimizes industrial refrigeration using adaptive exploration.
problem Challenges in optimizing real-time industrial processes with unknown characteristics and safety constraints.
method Adaptive and explorative real-time optimization framework with Gaussian process uncertainty quantification.
result Approach increases energy efficiency of refrigeration process, approximating complete information solutions.
Early fault detection using instrumented sensor data is one of the promising application areas of machine learning in industrial facilities. However, it is difficult to improve the generalization performance of the trained fault-detection model because of the complex system configuration in the target diagnostic system…
In industrial systems, certain process variables that need to be monitored for detecting faults are often difficult or impossible to measure. Soft sensor techniques are widely used to estimate such difficult-to-measure process variables from easy-to-measure ones. Soft sensor modeling requires training datasets includin…
Deep Learning has attracted considerable attention across multiple application domains, including computer vision, signal processing and natural language processing. Although quite a few single node deep learning frameworks exist, such as tensorflow, pytorch and keras, we still lack a complete processing structure that…
Originally, the Carnot cycle is a theoretical thermodynamic cycle that provides an upper limit on the efficiency that any classical thermodynamic engine can achieve during the conversion of heat into work, or conversely, the efficiency of a refrigeration system in creating a temperature difference by the application of…
We study the structure of inter-industry relationships using networks of money flows between industries in 20 national economies. We find these networks vary around a typical structure characterized by a Weibull link weight distribution, exponential industry size distribution, and a common community structure. The comm…
Industry evolution caused by various reasons, among which technology progress driving industry development has been approved, but with the new trend of industry convergence, inter-industry convergence also plays an increasing important role. This paper plans to probe the industry synergetic evolution mechanism based on…
Improves industry classification for diversified companies.
problem Traditional industry classification struggles with multi-sector conglomerates.
method Bayesian Non-Parametrics, Markov Updating, and hierarchical modeling.
result MIS-2 provides a measurable improvement over GICS in predicting future correlations.
Develops MIS, a probabilistic model for multi-industry classification.
problem GICS's limitation of assigning each firm to exactly one industry, especially for diversified firms.
method Topic modeling to probabilistically assign firms to multiple industries based on business descriptions.
result Demonstrates MIS's ability to flexibly assign firms to multiple industries with relevance probabilities.
Study finds environmental liability insurance reduces industrial carbon emissions.
problem Reduction of industrial carbon emissions.
method Two-way fixed effect model using provincial (city) level panel data from 2010 to 2020.
result Environmental liability insurance reduces industrial carbon emissions at both direct and indirect levels, with varying effects.
Study reveals similarities in knowledge flows between pharmaceutical and AI industries.
problem Understanding the dynamics of drug pipelines in global pharmaceutical industry.
method Multilayer network analysis of drug pipeline, global supply chain, and ownership data.
result Proven similarities in knowledge flows between pharmaceutical and AI industries.
Analyzes Indian chemical industry post-Covid.
problem Global uncertainty impacts chemical industry performance.
method Fundamental analysis of key players and trends.
result Various geopolitical and macroeconomic trends shape industry performance.
New online learning algorithms improve cyberattack detection in industrial control systems.
problem Detecting cyberattacks in industrial control systems with limited resources.
method Online learning algorithms to process continuous data streams and address class imbalance.
result Improved detection rate of cyberattacks in industrial control systems.
We provide complete source code for building a fundamental industry classification based on publically available and freely downloadable data. We compare various fundamental industry classifications by running a horserace of short-horizon trading signals (alphas) utilizing open source heterotic risk models (https://ssr…
The Industrial Internet of Things drastically increases connectivity of devices in industrial applications. In addition to the benefits in efficiency, scalability and ease of use, this creates novel attack surfaces. Historically, industrial networks and protocols do not contain means of security, such as authentication…
We give complete algorithms and source code for constructing (multilevel) statistical industry classifications, including methods for fixing the number of clusters at each level (and the number of levels). Under the hood there are clustering algorithms (e.g., k-means). However, what should we cluster? Correlations? Ret…
Quantum computing offers financial industry new optimization and risk management tools.
problem Traditional computing limits financial industry's problem-solving capabilities.
method Structured review of quantum computing platforms, algorithms, and use cases.
result Quantum computing can enhance financial industry applications like optimization and risk management.
Study uses ML and statistical models to analyze climate impacts of industrial growth.
problem Understanding and predicting environmental impacts of industrial activities.
method Comparative analysis of ML and statistical models on time series data.
result ML models outperform statistical models in predicting environmental impacts.
Paper uses neural networks to analyze oil price impact on Iranian stock and industry indices.
problem Impact of oil price volatility on Tehran stock and industry indices.
method Feed-forward neural networks analysis of two periods: sanctions and post-sanctions.
result Neural networks predict stock and industry indices well, showing significant oil price volatility impact.
Tool converts industrial systems to RL environments for optimization.
problem Lack of RL methods for optimizing industrial systems.
method Develops a tool to convert FSM models to OpenAI Gym wrappers.
result Traditional RL methods can be applied to industrial systems.
Study examines how COVID-19 intensified demand variability in U.S. supply chains.
problem The amplification of demand variability (Bullwhip Effect) in supply chains during the pandemic.
method Extensive industry-level data analysis using traditional and advanced empirical techniques.
result COVID-19 significantly amplified the Bullwhip Effect across different U.S. industries.
Deep learning predicts employment changes and industry health.
problem Forecasting short-term employment changes and assessing long-term industry health.
method LSTNet, a multi-scale deep learning model, processes multivariate time series data.
result LSTNet outperforms baseline models in most sectors, especially stable ones.
Nestedness has traditionally been used to detect assembly patterns in meta-communities and networks of interacting species. Attempts have also been made to uncover nested structures in international trade, typically represented as bipartite networks in which connections can be established between countries (exporters o…
Industry lacks tools to secure ML systems, study finds.
problem Insufficient security tools for ML systems in industry.
method Interviews with 28 organizations to identify gaps.
result Need revised Security Development Lifecycle for ML.
Study shows insurance industry in North Macedonia declined 10% due to COVID-19.
problem Impact of COVID-19 on insurance industry activity.
method Seasonal autoregressive models and data analysis for 11 insurance classes.
result Insurance activity in North Macedonia decreased by more than 10% during the pandemic.
Company2Vec creates embeddings from company websites for fine-grained business analytics.
problem Lack of fine-grained company labels for analytics.
method Word2Vec and dimensionality reduction on company website data.
result Semantic company embeddings for various applications.
How do regions acquire the knowledge they need to diversify their economic activities? How does the migration of workers among firms and industries contribute to the diffusion of that knowledge? Here we measure the industry, occupation, and location-specific knowledge carried by workers from one establishment to the ne…
Novel financial time-series data representation improves industry sector classification.
problem Classifying industries using historical stock returns time-series data.
method Proposed a novel representation based on stock returns embeddings for time-series data, overcoming representational challenges of conventional approaches.
result Substantial performance improvements over baselines using conventional representations.
Neural model learns company embeddings from data and news.
problem Subjective industry classification schemes in finance.
method Multimodal neural model training company embeddings.
result Objective company representations capture nuanced relationships.
Bayesian methods improve industrial modeling under uncertainty.
problem Limited data, uncertainty in physics models, and high costs in experiments.
method Bayesian Hybrid Modeling (GEBHM) framework.
result Improved decision-making under uncertainty in industrial contexts.
Groups of firms often achieve a competitive advantage through the formation of geo-industrial clusters. Although many exemplary clusters, such as Hollywood or Silicon Valley, have been frequently studied, systematic approaches to identify and analyze the hierarchical structure of the geo-industrial clusters at the glob…
BayPrAnoMeta tackles few-shot industrial image anomaly detection with Bayesian methods.
problem Challenges in industrial image anomaly detection, especially class imbalance and scarcity of labeled samples.
method Bayesian Proto-MAML approach with probabilistic normality models and Bayesian posterior predictive likelihood.
result Consistent and significant AUROC improvements over existing methods in few-shot anomaly detection.
We consider the problem of pricing derivatives written on some industrial loss index via utility indifference pricing. The industrial loss index is modelled by a compound Poisson process and the insurer can adjust her portfolio by choosing the risk loading, which in turn determines the demand. We compute the price of a…
This research develops a dynamic risk management system for industrial companies.
problem Risk assessment and management in industrial enterprises.
method Qualitative and quantitative analysis, systematic risk classification, dynamic system development.
result Effective risk management strategies formed through dynamic risk management system and risk assessment methods.
Study uses Bayesian regression to analyze consumer behavior changes in restaurants post-COVID-19.
problem Impact of COVID-19 on consumer behavior in the restaurant industry.
method Bayesian regression with Hamiltonian Monte Carlo.
result Estimates change in consumer behavior before and after the pandemic.
Fault detection in industrial plants is a hot research area as more and more sensor data are being collected throughout the industrial process. Automatic data-driven approaches are widely needed and seen as a promising area of investment. This paper proposes an effective machine learning algorithm to predict industrial…
Study shows how China's stock market reflects economic demand changes during COVID-19.
problem Understanding how stock market volatility is influenced by economic demand changes.
method Divided industries into demand-oriented groups and analyzed spillover networks.
result Spillover effects from demand-oriented sectors to consumption-oriented sectors increased during the outbreak.
AI agent predicts industry and product/service codes for companies.
problem Manual curation of company data is expensive and prone to errors.
method Hierarchical multi-class industry code classifier with multi-label product/service code classifier.
result High accuracy (92-96%) achieved with limited labeled data.
This paper introduces compositional data analysis for financial ratios, improving industry-level analysis.
problem Statistical issues with standard financial ratios at industry level.
method Compositional data analysis techniques for financial ratios.
result Improved analysis of financial ratios using compositional data methods.
GenAI offers financial benefits but requires risk management.
problem Managing risks in financial applications of AI.
method Balancing AI's potential with risk control strategies.
result Proper risk management is essential for AI growth in finance.
Study finds WACC negatively impacts firm profitability in Bangladesh's food industry.
problem Determining the impact of Weighted Average Cost of Capital (WACC) on firm profitability.
method Fixed Effects Panel Regression Model using 12 food and allied industry companies from 2005-2019.
result WACC negatively correlates with firm profitability (ROA), significant relationship.
As the Industrial Internet of Things (IIoT) grows, systems are increasingly being monitored by arrays of sensors returning time-series data at ever-increasing 'volume, velocity and variety' (i.e. Industrial Big Data). An obvious use for these data is real-time systems condition monitoring and prognostic time to failure…
DeepVARMA predicts chemical industry index trends using LSTM and VARMAX models.
problem Forecasting the chemical industry index for economic analysis.
method Combines LSTM and VARMAX models to predict nonstationary series.
result DeepVARMA achieves best prediction accuracy and adaptability.
TSML tackles anomaly detection and pattern discovery in industrial time series data.
problem Extracting and exploiting information from large industrial data to reduce downtimes and manufacturing errors.
method TSML uses a pipeline of lightweight filters to process industrial time series data in parallel.
result TSML effectively detects anomalies and discovers patterns in industrial time series data.
A general nonlinear logistic equation has been proposed to model long-time saturation in industrial growth. An integral solution of this equation has been derived for any arbitrary degree of nonlinearity. A time scale for the onset of nonlinear saturation in industrial growth can be estimated from an equipartition cond…
Paper presents a new dataset for testing causal discovery methods in industrial systems.
problem Lack of real-world datasets for evaluating causal discovery methods on time series data.
method Develops a dataset from an industrial system and its known causal graph.
result Provides a benchmark for evaluating causal discovery methods in complex systems.
Factory machinery is prone to failure or breakdown, resulting in significant expenses for companies. Hence, there is a rising interest in machine monitoring using different sensors including microphones. In the scientific community, the emergence of public datasets has led to advancements in acoustic detection and clas…
CTS machines improve screen development in printing industries, reducing costs and increasing profitability.
problem Inefficient screen development process in heat transfer printing and labeling.
method Implementation of CTS (computer-to-screen) technology for screen development.
result Reduction in material and operational costs, leading to profitability.