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Deep learning in business analytics and operations research: Models, applications and managerial implications.
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TLDR
In this paper, the authors provide guidelines and implications for researchers, managers and practitioners in operations research who want to advance their capabilities for business analytics with regard to deep learning and highlight the value of customized architectures by proposing a novel deep-embedded network.Abstract:
Business analytics refers to methods and practices that create value through data for individuals, firms, and organizations. This field is currently experiencing a radical shift due to the advent of deep learning: deep neural networks promise improvements in prediction performance as compared to models from traditional machine learning. However, our research into the existing body of literature reveals a scarcity of research works utilizing deep learning in our discipline. Accordingly, the objectives of this overview article are as follows: (1) we review research on deep learning for business analytics from an operational point of view. (2) We motivate why researchers and practitioners from business analytics should utilize deep neural networks and review potential use cases, necessary requirements, and benefits. (3) We investigate the added value to operations research in different case studies with real data from entrepreneurial undertakings. All such cases demonstrate improvements in operational performance over traditional machine learning and thus direct value gains. (4) We provide guidelines and implications for researchers, managers and practitioners in operations research who want to advance their capabilities for business analytics with regard to deep learning. (5) Our computational experiments find that default, out-of-the-box architectures are often suboptimal and thus highlight the value of customized architectures by proposing a novel deep-embedded network.read more
Citations
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Chao Zuo,Jiaming Qian,Shijie Feng,Wei Yin,Yixuan Li,Pengfei Fan,Jing Han,Kemao Qian,Qian Chen +8 more
TL;DR: Deep learning-enabled optical metrology is a kind of data-driven approach, which has already provided numerous alternative solutions to many challenging problems in this field with better performances as discussed by the authors .
References
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Proceedings ArticleDOI
Deep Residual Learning for Image Recognition
TL;DR: In this article, the authors proposed a residual learning framework to ease the training of networks that are substantially deeper than those used previously, which won the 1st place on the ILSVRC 2015 classification task.
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Long short-term memory
TL;DR: A novel, efficient, gradient based method called long short-term memory (LSTM) is introduced, which can learn to bridge minimal time lags in excess of 1000 discrete-time steps by enforcing constant error flow through constant error carousels within special units.
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Deep learning
TL;DR: Deep learning is making major advances in solving problems that have resisted the best attempts of the artificial intelligence community for many years, and will have many more successes in the near future because it requires very little engineering by hand and can easily take advantage of increases in the amount of available computation and data.
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Generative Adversarial Nets
Ian Goodfellow,Jean Pouget-Abadie,Mehdi Mirza,Bing Xu,David Warde-Farley,Sherjil Ozair,Aaron Courville,Yoshua Bengio +7 more
TL;DR: A new framework for estimating generative models via an adversarial process, in which two models are simultaneously train: a generative model G that captures the data distribution and a discriminative model D that estimates the probability that a sample came from the training data rather than G.
Book
Deep Learning
TL;DR: Deep learning as mentioned in this paper is a form of machine learning that enables computers to learn from experience and understand the world in terms of a hierarchy of concepts, and it is used in many applications such as natural language processing, speech recognition, computer vision, online recommendation systems, bioinformatics, and videogames.