Among contemporary computational techniques, Artificial Neural Network (ANN) and Adaptive Neuro-Fuzzy Inference System (ANFIS) are favoured because of their capacity to tackle non-linear modelling and complex stochastic datasets. Nondeterministic models involve some computational intricacies when deciphering real-life problems but always yield better outcomes. For the first time, this study utilized the ANN and ANFIS models for modelling power generation/electric power output (EPO) from databases generated in a combined cycle power plant (CCPP). The study presents a comparative study between ANNs and ANFIS to estimate the power output generation of a combined cycle power plant in Turkey. The inputs of the ANN and ANFIS models are ambient temperature (AT), ambient pressure (AP), relative humidity (RH), and exhaust vacuum (V), correlated with electric power output. Several models were developed to achieve the best architecture as the number of hidden neurons varied for the ANNs, while the training process was conducted for the ANFIS model. A comparison of the developed hybrid models was completed using statistical criteria such as the coefficient of determination (R2), mean average error (MAE), and average absolute deviation (AAD). The R2 of 0.945, MAE of 3.001%, and AAD of 3.722% for the ANN model were compared to those of R2 of 0.9499, MAE of 2.843% and AAD of 2.842% for the ANFIS model. Even though both ANN and ANFIS are relevant in estimating and predicting power production, the ANFIS model exhibits higher superiority compared to the ANN model in accurately estimating the EPO of the CCPP located in Turkey and its environment.
Water splitting, the process of converting water into hydrogen and oxygen gases, has garnered significant attention as a promising avenue for sustainable energy production. One area of focus has been the development of efficient and cost-effective catalysts for water splitting. Researchers have explored catalysts based on abundant and inexpensive materials such as nickel, iron, and cobalt, which have demonstrated improved performance and stability. These catalysts show promise for large-scale implementation and offer potential for reducing the reliance on expensive and scarce materials. Another avenue of research involves photoelectrochemical (PEC) cells, which utilize solar energy to drive the water-splitting reaction. Scientists have been working on designing novel materials, including metal oxides and semiconductors, to enhance light absorption and charge separation properties. These advancements in PEC technology aim to maximize the conversion of sunlight into chemical energy. Inspired by natural photosynthesis, artificial photosynthesis approaches have also gained traction. By integrating light-absorbing materials, catalysts, and membranes, these systems aim to mimic the complex processes of natural photosynthesis and produce hydrogen fuel from water. The development of efficient and stable artificial photosynthesis systems holds promise for sustainable and clean energy production. Tandem cells, which combine multiple light-absorbing materials with different bandgaps, have emerged as a strategy to enhance the efficiency of water-splitting systems. By capturing a broader range of the solar spectrum, tandem cells optimize light absorption and improve overall system performance. Lastly, advancements in electrocatalysis have played a critical role in water splitting. Researchers have focused on developing advanced electrocatalysts with high activity, selectivity, and stability for the oxygen evolution reaction (OER) and hydrogen evolution reaction (HER). These electrocatalysts contribute to overall water-splitting efficiency and pave the way for practical implementation.
This paper explores the interconnected dynamics between governance, public debt, and domestic investment (also known as gross fixed capital formation (GFCF) in South Africa). It also highlights domestic investment as a key driver of economic growth, noting a consistent decline in investment since the country’s democratic transition in 1994. Moreover, this downward trend is exacerbated by excessive public debt, poor governance, and increased economic risks, discouraging domestic and foreign investments. The analysis incorporates two theoretical perspectives: endogenous growth theory, which stresses the significance of local capital investment and innovation, and institutional governance theory, which focuses on the role of governance in promoting economic development. The study reveals that poor governance, rising debt, and high economic risks have impeded GFCF and economic stability. By utilizing quantitative data from 1995 to 2023, the research concludes that reducing public debt, improving governance, and minimizing economic risk are critical to revitalizing domestic investment in South Africa. These findings suggest that policy reforms centered on good governance, effective debt management, and economic stabilization can stimulate investment, promote growth, and address the country’s economic challenges. This study offers insights into how governance and fiscal policies shape investment and capital formation in a developing nation, providing valuable guidance for policymakers and stakeholders working towards sustainable economic growth in South Africa.
Indonesia’s stock market has seen an increase in investment due to the ease of investing and the availability of information about stocks on different social media platforms. This research uses a social network approach to analyze overconfidence behavior in millennial stock investors. This research uses a descriptive quantitative method. The population used in this study are capital market investors in the Greater Solo area who are millennials (<30 years). The number of stock investors in the Greater Solo area is 60,542 investors. The sampling technique in this study was non-probability sampling using purposive sampling. This research uses the AMOS SEM (Structural Equation Model) analysis tool. The conclusion of this study is that millennial investors’ overconfidence behavior increases influenced by financial literacy. investor skills. family ties and friendship ties. The contribution of this research can be applied to understand and educate millennial investors in order to overcome overconfidence behavior so that they can anticipate the losses received. This research may have implications for improving Behavioral Finance Integration Incorporating insights from behavioral finance into investment strategies can help mitigate the negative effects of overconfidence. The limitation in this study is that the scope used in the study is only in the greater solo area.
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