An efficient decision support system for selecting very light business jet using CRITIC-TOPSIS method

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Aishwarya Dhara ◽  
Gurpreet Kaur ◽  
Pon Maa Kishan ◽  
Arunava Majumder ◽  
Rakesh Yadav
Keyword(s):  
Mean Absolute Percentage Error ◽  
Comfort Level ◽  
Percentage Error ◽  
Content Type ◽  
Absolute Percentage Error ◽  
Business Jet ◽  
Speed Range ◽  
Criteria Importance ◽  
Selection Of

Purpose This paper aims to assure the selection of the most suitable very light business aircraft which is preferred by the passengers based on effectiveness and aesthetic comfort. The proposed approach to determine the light business jet aircraft would provide long-range, less travel time, cozy seating arrangements, on-board lavatory facility, other aesthetic ambiance (audio systems, light systems and temperature-noise control) and appliances at reasonable flight cost. Design/methodology/approach The selection of a light business jet is obtained through multi-criteria decision-making based on the speed limit ranges from 0.57 to 0.70 Mach number and the distance traveled up to 3,000 km with the best aesthetic comfort level. To validate the approach, case studies of five aircrafts such as Honda Jet HA 420, Cessna Citation jet M2, Embraer Phenom 100, Eclipse 550 and Cessna Citation Mustang are performed. To obtain the best suitable business jet, criteria importance through intercriteria correlation (CRITIC) and technique for order performance by similarity to ideal solution (TOPSIS) is used to determine the rankings of listed aircraft. Findings The study concludes that the Cessna Citation jet M2 is chosen as the best Very Light Jet (VLJ) on the basis of speed, range, weight, cost, aesthetic and comfort. Based on the sensitivity, mean absolute percentage error (MAPE) and symmetric mean absolute percentage error analysis (sMAPE), the most and least sensitive criteria for a business jet came out to be cost and speed, respectively. Originality/value A real case study for several parameters of five different jets such as Honda Jet HA 420, Cessna Citation jet M2, Embraer Phenom 100, Eclipse 550 and Cessna Citation Mustang are shown in this paper. Based on the case study numerical values are assigned with speed, range, weight, cost, aesthetic and comfort which are applied with CRITIC and TOPSIS to obtain the most suitable business jet among the five mentioned jets which are rarely found in the literature.

scholarly journals Modelling the Employment in Tourism – Case Study of Croatia

2017 ◽  
Vol 8 (3) ◽  
pp. 37 ◽  
Author(s):  
Maja Mamula ◽  
Kristina Duvnjak
Keyword(s):  
Exponential Smoothing ◽  
Mean Absolute Percentage Error ◽  
Percentage Error ◽  
Reliable Estimate ◽  
Monthly Data ◽  
Absolute Percentage Error ◽  
Forecasting Error ◽  
Forecasting Methods ◽  
Percentage Share

According to the data on the share of employees in the category Hotels and similar accommodation in the total employees (16.6% in 2015), it can be concluded that this percentage share is quite significant. In this paper the number of employees in tourism (in the category Hotels and similar accommodation) is modelled and predicted on the basis of monthly data from the period 2005 to 2015, collected from the First Release of the Croatian Bureau of Statistics. Taking into consideration the seasonal character of the phenomenon being analysed, taking into account the criteria of reliability of demonstrated forecasts, in this study following methods were used: the seasonal naive models, Holt - Winters Model trend seasonality exponential smoothing and Holt- Winters no seasonal exponential smoothing model. All obtained results were compared by forecasting error Mean Absolute Percentage error (MAPE). The obtained results indicate that forecasting methods which take into account the seasonal character of the phenomenon result in smaller forecasting error, and more reliable estimate, compared to models which don´t take into account the character of the phenomenon being analysed.

scholarly journals Univariate Time Series Prediction of Wind speed with a case study of Yanbu, Saudi Arabia

2021 ◽  
Vol 10 (1) ◽  
pp. 257-264
Keyword(s):  
Time Series ◽  
Saudi Arabia ◽  
Wind Speed ◽  
Wind Energy ◽  
Mean Absolute Percentage Error ◽  
Percentage Error ◽  
Wind Speed Data ◽  
Absolute Percentage Error ◽  
Univariate Time Series

Wind energy is a promising alternativefor renewable source of energy pursued world-wide to reduce carbon emissions for a green future. The prediction of wind speed is a challenging subject and plays an instrumental role in development of wind power systems (particularly grid connected renewable energy systems where predicting wind speed facilitates manipulation of the load on the grid). Modern machine learning techniques including neural networks have been widely utilized for this purpose. Literature indicates availability of several models for estimation of the wind speed one hour ahead and the hourly wind speed data profile one day ahead. This paper considers the prediction of wind energy as a univariate time series (UVT) prediction problem and employs major prediction algorithms including the K-Nearest Neighbors (kNN), Random Forest (RF), Support Vector Regression (SVR), Holt-Winter and ARIMA method. Forecasting a univariate time series depends only on past wind speed data values, rather than use of external data attributes like wind direction or weather forecast for prediction algorithm. In the present study (as a case-study), 13 years of hourly average wind speed data (of the period 1970-1982) of Yanbu, Saudi Arabia has been utilized to evaluate the performance of selected algorithms. Yanbu is an industrial city that plays a major role in the economy of Saudi Arabia. The findings showed that SVR, RF and ARIMA methods exhibit a better forecastingperformance in relation to four evaluation parameters of Mean Absolute Percentage Error(MAPE),Symmetric Mean Absolute Percentage Error (sMAPE),Mean Absolute Error (MAE) and Mean Absolute Scaled Error (MASE).

Towards optimal ATM cash replenishment using time series analysis

2021 ◽  
pp. 1-13
Author(s):  
Muhammad Rafi ◽  
Mohammad Taha Wahab ◽  
Muhammad Bilal Khan ◽  
Hani Raza
Keyword(s):  
Time Series ◽  
Moving Average ◽  
Arima Model ◽  
Mean Absolute Percentage Error ◽  
Percentage Error ◽  
Absolute Percentage Error ◽  
Automatic Teller Machine ◽  
Proposed Model ◽  
Auto Regressive ◽  
Specific Amount

Automatic Teller Machine (ATM) are still largely used to dispense cash to the customers. ATM cash replenishment is a process of refilling ATM machine with a specific amount of cash. Due to vacillating users demands and seasonal patterns, it is a very challenging problem for the financial institutions to keep the optimal amount of cash for each ATM. In this paper, we present a time series model based on Auto Regressive Integrated Moving Average (ARIMA) technique called Time Series ARIMA Model for ATM (TASM4ATM). This study used ATM back-end refilling historical data from 6 different financial organizations in Pakistan. There are 2040 distinct ATMs and 18 month of replenishment data from these ATMs are used to train the proposed model. The model is compared with the state-of- the-art models like Recurrent Neural Network (RNN) and Amazon’s DeepAR model. Two approaches are used for forecasting (i) Single ATM and (ii) clusters of ATMs (In which ATMs are clustered with similar cash-demands). The Mean Absolute Percentage Error (MAPE) and Symmetric Mean Absolute Percentage Error (SMAPE) are used to evaluate the models. The suggested model produces far better forecasting as compared to the models in comparison and produced an average of 7.86/7.99 values for MAPE/SMAPE errors on individual ATMs and average of 6.57/6.64 values for MAPE/SMAPE errors on clusters of ATMs.

scholarly journals Penerapan metode fuzzy sugeno untuk prediksi persediaan bahan baku

2019 ◽  
Vol 9 (2) ◽  
pp. 12-20
Author(s):  
Julio Warmansyah ◽  
Dida Hilpiah
Keyword(s):  
Fuzzy Logic ◽  
Raw Materials ◽  
Mean Absolute Percentage Error ◽  
Raw Material ◽  
Percentage Error ◽  
Human Power ◽  
Absolute Percentage Error ◽  
Input Variables ◽  
A Company

 PT. Cahaya Boxindo Prasetya is a company engaged in the manufacture of carton boxes or boxes. The company's activities also include cutting and printing services using machinery and human power. The problem faced in this company is the difficulty of predicting the amount of inventory of raw materials that will be  included in the production. The remaining raw materials for production will be used as the final stock to get the minimum, the goal is to reduce excess stock Overcoming this problem, fuzzy logic is used to predict raw material inventories by focusing on the final stock. In this study using Fuzzy Sugeno, with three input variables, namely: initial inventory, purchase, production, while the output is the final stock. Determination of prediction results using defuzzification using the average concept of MAPE (Mean Absolute Percentage Error). The results obtained, using the Fuzzy Sugeno method can predict the inventory of raw materials with a MAPE value of 38%. 

scholarly journals PERBANDINGAN METODE EARNED VALUE, EARNED SCHEDULE, DAN KALMAN FILTER EARNED VALUE UNTUK PREDIKSI DURASI PROYEK

2020 ◽  
Vol 3 (1) ◽  
pp. 155
Author(s):  
Andree Sugiyanto ◽  
Onnyxiforus Gondokusumo
Keyword(s):  
Kalman Filter ◽  
Mean Absolute Percentage Error ◽  
Percentage Error ◽  
Project Schedule ◽  
Probabilistic Forecasting ◽  
Earned Value ◽  
Control Data ◽  
Absolute Percentage Error ◽  
Forecasting Method ◽  
Duration Prediction

In the world of construction, control is needed at the implementation stage, which is prediction or forecasting duration project schedule. Estimated project schedule is an important part for project management making decisions that affect the future of the project. Forecasting method commonly used by practitioners in this case the construction project contractor in evaluating prediction of duration is deterministic forecasting method Earned Value Method (EVM), Earned Schedule Method (ESM). Kalman Filter Earned Value Method (KEVM) as probabilistic forecasting method is carried out to produce more accurate predictive value. The purpose of this study to compare the accuracy of three methods. This research was conducted by calculating duration of the project from EVM, ESM, and KEVM on maintenance and reconstruction projects of Jakarta-Cikampek and Jakarta-Tangerang toll roads. The data used from the project control data S-curve. The control data is processed with EVM, ESM, KEVM to determine the comparison between three methods of predicting duration. Prediction results of three methods were tested with Mean Absolute Percentage Error (MAPE). The results of this study indicate that KEVM can reduce errors after Kalman Filter is performed on estimated duration using EVM. ESM duration prediction yields the smallest MAPE value of the three methods. AbstrakDalam dunia pembangunan konstruksi dibutuhkan pengendalian pada tahap pelaksanaan yaitu prediksi atau peramalan durasi jadwal proyek. Perkiraan jadwal proyek adalah bagian penting untuk manajemen proyek membuat keputusan yang mempengaruhi masa depan proyek. Metode peramalan yang umum digunakan para praktisi dalam hal ini kontraktor proyek konstruksi dalam mengevaluasi prediksi durasi adalah metode peramalan deterministik Earned Value Method (EVM), Earned Schedule Method (ESM). Kalman Filter Earned Value Method (KEVM) sebagai metode peramalan probabilistik dilakukan untuk menghasilkan nilai prediksi yang lebih akurat. Tujuan penelitian ini membandingkan akurasi dari ketiga metode. Penelitian ini dilakukan dengan menghitung durasi proyek dari EVM, ESM, dan KEVM pada proyek pemeliharaan dan rekonstruksi jalan tol Jakarta – Cikampek dan Jakarta – Tangerang. Data yang digunakan dari proyek tersebut adalah data-data pengendalian berupa kurva S. Data pengendalian tersebut diolah dengan EVM, ESM, KEVM untuk mengetahui perbandingan antara ketiga metode prediksi durasi tersebut. Hasil prediksi dari ketiga metode diuji dengan Mean Absolute Percentage Error (MAPE). Hasil dari penelitian ini menunjukkan bahwa KEVM dapat mengurangi kesalahan setelah dilakukan Kalman Filter pada perkiraan durasi menggunakan Earned Value Method. Prediksi durasi ESM menghasilkan nilai MAPE yang paling kecil dari ketiga metode.

scholarly journals Novel Spatiotemporal Feature Extraction Parallel Deep Neural Network for Forecasting Confirmed Cases of Coronavirus Disease 2019

2020 ◽  
Author(s):  
Chiou-Jye Huang ◽  
Yamin Shen ◽  
Ping-Huan Kuo ◽  
Yung-Hsiang Chen
Keyword(s):  
Neural Network ◽  
Deep Neural Network ◽  
Absolute Error ◽  
Mean Absolute Percentage Error ◽  
The Other ◽  
Percentage Error ◽  
Model Assessment ◽  
Absolute Percentage Error ◽  
Spatiotemporal Feature ◽  
The Mean

AbstractThe coronavirus disease 2019 pandemic continues as of March 26 and spread to Europe on approximately February 24. A report from April 29 revealed 1.26 million confirmed cases and 125 928 deaths in Europe. This study proposed a novel deep neural network framework, COVID-19Net, which parallelly combines a convolutional neural network (CNN) and bidirectional gated recurrent units (GRUs). Three European countries with severe outbreaks were studied—Germany, Italy, and Spain—to extract spatiotemporal feature and predict the number of confirmed cases. The prediction results acquired from COVID-19Net were compared to those obtained using a CNN, GRU, and CNN-GRU. The mean absolute error, mean absolute percentage error, and root mean square error, which are commonly used model assessment indices, were used to compare the accuracy of the models. The results verified that COVID-19Net was notably more accurate than the other models. The mean absolute percentage error generated by COVID-19Net was 1.447 for Germany, 1.801 for Italy, and 2.828 for Spain, which were considerably lower than those of the other models. This indicated that the proposed framework can accurately predict the accumulated number of confirmed cases in the three countries and serve as a crucial reference for devising public health strategies.

scholarly journals Peramalan Harga Komoditas Dengan Menggunakan Metode Arima-Garch

Jurnal Varian ◽  
2020 ◽  
Vol 3 (2) ◽  
pp. 113-124
Author(s):  
Ulil Azmi ◽  
Wawan Hafid Syaifudin
Keyword(s):  
Arima Model ◽  
Mean Absolute Percentage Error ◽  
Percentage Error ◽  
Absolute Percentage Error ◽  
Data History

Emas, Tembaga dan Minyak merupakan jenis komoditas yang banyak diincar oleh para investor untuk menanamkan modal dengan cara melakukan investasi pada jenis komoditas tersebut. Prediksi harga komoditas sangat bermanfaat bagi investor untuk melihat prospek investasi komoditas pada suatu perusahaan di masa yang akan datang. Harga komoditas memiliki karakteristik data yang tidak stabil atau sering disebut volatilitas. Untuk mengatasi permasalahan tersebut, dilakukan peramalan dengan metode ARIMA dan ARIMA-GARCH. Dipilih dua metode tersebut karena dua metode ini cocok untuk meramalkan sesuatu yang memiliki data history yang kuat. Metode ARIMA ARCH-GARCH lebih cocok digunakan untuk data-data yang memliki volatilitas yang tinggi atau terdapat heteroskedastisitas pada residual data, sehingga hasil prediksi lebih akurat. Hal ini dibuktikan dengan nilai AIC lebih kecil dari pada hanya menggunakan metode ARIMA. Model terbaik untuk komoditas Emas adalah ARIMA(0,1,1) – GARCH(1,1) sedangkan komoditas tembaga memiliki model terbaik yaitu ARIMA(2,1,2) – GARCH(1,1) dan komoditas minyak yaitu ARIMA(1,1,1) – GARCH(0,1). Nilai MAPE (Mean Absolute Percentage Error) untuk masing-masing komoditas berturut-turut adalah 1,113; 0,542 dan 1,158 untuk Emas, Tembaga dan Minyak.

scholarly journals Peramalan Jumlah Populasi Sapi Potong di Kalimantan Selatan Menggunakan Metode Moving Average, Exponential Smoothing dan Trend Analysis

2019 ◽  
Vol 6 (1) ◽  
pp. 41
Author(s):  
Jaka Darma Jaya
Keyword(s):  
Trend Analysis ◽  
Mean Squared Error ◽  
Moving Average ◽  
Exponential Smoothing ◽  
Mean Absolute Percentage Error ◽  
Percentage Error ◽  
Absolute Percentage Error ◽  
Polynomial Trend ◽  
Squared Error

Perkembangan produksi daging sapi di Indonesia selama 30 tahun terakhir secara umum cenderung meningkat. Kebutuhan daging sapi di Indonesia masih belum bisa dicukupi oleh supply domestik, sehingga diperlukan impor daging sapi dari luar negeri.  Diperlukan kajian tentang proyeksi ketersediaan populasi sapi potong di masa mendatang agar diambil kebijakan yang tepat dalam menjaga stabilitas dan keterpenuhan supply daging nasional.  Penelitian ini bertujuan untuk melakukan peramalan jumlah populasi sapi potong menggunakan 3 (tiga) metode peramalan yaitu metode moving average, exponential smoothing dan trend analysis.  Hasil peramalan ini selanjutnya diukur akurasinya menggunakan MAD (Mean Absolud Deviation), MSE (Mean Squared Error) dan MAPE (Mean Absolute Percentage Error).  Proyeksi populasi sapi potong pada tahun 2019 (periode berikutnya) menggunakan 3 metode peramalan adalah: 195.100 (moving average); 218.225 (exponential smooting) dan 262.899 (trend analysis). Pengukuran akurasi menggunakan MAD, MSE dan MAPE menunjukkan bahwa metode peramalan jumlah populasi sapi potong yang paling akurat adalah peramalan menggunakan metode polynomial trend analysis (MAD 14.716,12;  MSE 327.282.084,17; dan MAPE 0,09) karena memiliki tingkat kesalahan yang lebih kecil dibandingkan hasil peramalan menggunakan metode moving average dan exponential smoothing.

scholarly journals Planning Production Capacity Using Time Series Forecasting Method and Linier Programming

2018 ◽  
Vol 7 (2) ◽  
pp. 20
Author(s):  
M. Tirtana Siregar ◽  
S. Pandiangan ◽  
Dian Anwar
Keyword(s):  
Average Method ◽  
Moving Average ◽  
Demand Forecasting ◽  
Production Capacity ◽  
Mean Absolute Percentage Error ◽  
Programming Method ◽  
Percentage Error ◽  
Absolute Percentage Error ◽  
Forecasting Method ◽  
Planning Production

The objectives of this research is to determine the amount of production planning capacity sow talc products in the future utilizing previous data from january to december in year 2017. This researched considered three forecasting method, there are Weight Moving Average (WMA), Moving Average (MA), and Exponential Smoothing (ES). After calculating the methods, then measuring the error value using a control chart of 3 (three) of these methods. After find the best forecasting method, then do linear programming method to obtain the exact amount of production in further. Based on the data calculated, the method of Average Moving has a size of error value of Mean Absolute Percentage Error of 0.09 or 9%, Weight Moving Average has a size error of Mean Absolute Percentage Error of 0.09 or 9% and with Exponential Method Smoothing has an error value of Mean Absolute Percentage Error of 0.12 or 12%. Moving Average and Weight Moving Average have the same MAPE amount but Weight Moving Average has the smallest amount Mean Absolute Deviation compared to other method which is 262.497 kg. Based on the result, The Weight Moving Average method is the best method as reference for utilizing in demand forecasting next year, because it has the smallest error size and has a Tracking Signal  not exceed the maximum or minimum control limit is ≤ 4. Moreover, after obtained Weight Moving Average method is the best method, then is determine value of planning production capacity in next year using linier programming method. Based on the linier programming calculation, the maximum amount of production in next year by considering the forecasting of raw materials, production volume, material composition, and production time obtained in one (1) working day is 11,217,379 pcs / year, or 934,781 pcs / month of finished product. This paper recommends the company to evaluate the demand forecasting in order to achieve higher business growth.

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