2024 : 11 : 24
Hasel Amini khoshalan

Hasel Amini khoshalan

Academic rank: Assistant Professor
ORCID:
Education: PhD.
ScopusId: 1111111
HIndex:
Faculty: Faculty of Engineering
Address:
Phone: 08733660073

Research

Title
Forecasting copper price by application of robust artificial intelligence techniques
Type
JournalPaper
Keywords
Copper price prediction; GEP; ANN; ANFIS; ANFIS-ACO
Year
2021
Journal RESOURCES POLICY
DOI
Researchers Hasel Amini khoshalan ، Jamshid Shakeri ، Iraj Najmoddini ، Mostafa Asadizadeh

Abstract

Metal price is one of the most important and effective parameters in assessing different projects such as industry and mining. In this regard, price variations can play a vital role in the correct decision-making of managers to develop or limit mining activities. Considering the increasing use of artificial intelligence (AI)-based networks in different fields such as price estimation, four methods were used in the present work for the first time to predict the price of important and extensively used copper-grade A cathode. These methods include Gene expression programming (GEP), Artificial neural network (ANN), Adaptive neuro-fuzzy inference system (ANFIS), and ANFIS-ACO (ant colony optimization algorithm). In this process, coal, aluminum, crude oil, gold, iron ore, natural gas, nickel, and lead were selected as the copper price parameters from 1990 to 2020. In this study, the ANN model with one hidden layer comprising 13 neurons, RMSE of 356.51, of 239.105 ($/ton), of 5.70 % ($/ton), and coefficient of determination (R2) of 98.1% for network test data was selected as the best model in predicting copper prices. In terms of their performance, ANFIS, ANFIS - ACO and GEP models were ranked next in the order of their appearance. Overall, an acceptable performance was found through all four AI methods in this study for predicting copper prices.