scholarly journals Application of Artificial Neural Networks Based Monte Carlo Simulation in the Expert System Design and Control of Crude Oil Distillation Column of a Nigerian Refinery

2014 ◽  
Vol 04 (02) ◽  
pp. 266-283 ◽  
Author(s):  
Lekan T. Popoola ◽  
Alfred A. Susu
Author(s):  
Serkan Eti

Quantitative methods are mainly preferred in the literature. The main purpose of this chapter is to evaluate the usage of quantitative methods in the subject of the investment decision. Within this framework, the studies related to the investment decision in which quantitative methods are taken into consideration. As for the quantitative methods, probit, logit, decision tree algorithms, artificial neural networks methods, Monte Carlo simulation, and MARS approaches are taken into consideration. The findings show that MARS methodology provides a more accurate results in comparison with other techniques. In addition to this situation, it is also concluded that probit and logit methodologies were less preferred in comparison with decision tree algorithms, artificial neural networks methods, and Monte Carlo simulation analysis, especially in the last studies. Therefore, it is recommended that a new evaluation for investment analysis can be performed with MARS method because it is understood that this approach provides better results.


2013 ◽  
Vol 34 (4) ◽  
pp. 1169-1180 ◽  
Author(s):  
Majid Dehghani ◽  
Bahram Saghafian ◽  
Farzin Nasiri Saleh ◽  
Ashkan Farokhnia ◽  
Roohollah Noori

2007 ◽  
Vol 22 (3) ◽  
pp. 1202-1209 ◽  
Author(s):  
Armando M. Leite da Silva ◽  
Leonidas Chaves de Resende ◽  
Luiz AntÔnio da Fonseca Manso ◽  
Vladimiro Miranda

1993 ◽  
Vol 1 (2) ◽  
pp. 177-199 ◽  
Author(s):  
Thomas L. Paez

Artificial neural networks (ANNs) have been used in the solution of a variety of mechanical system design, analysis, and control problems. This paper describes the ANNs that have been most frequently used in mechanical system applications. It also summarizes some of the applications that have been developed for ANNs, and briefly reviews the literature where descriptions of the developments and applications can be found. Some recommendations regarding ANN applications in mechanical system simulation, identification, and assessment are provided.


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