Intelligent Decision Support Systems for Oil Price Forecasting

This research studies the application of hybrid algorithms for predicting the prices of crude oil. Brent crude oil price data and hybrid intelligent algorithm (time delay neural network, probabilistic neural network, and fuzzy logic) were used to build intelligent decision support systems for predicting crude oil prices. The proposed model was able to predict future crude oil prices from August 2013 to July 2014. Future prices can guide decision makers in economic planning and taking effective measures to tackle the negative impact of crude oil price volatility. Energy demand and supply projection can effectively be tackled with accurate forecasts of crude oil prices, which in turn can create stability in the oil market. The future crude oil prices predict by the intelligent decision support systems can be used by both government and international organizations related to crude oil such as organization of petroleum exporting countries (OPEC) for policy formulation in the next one year.  DOR: 98.1000/1726-8125.2015.0.47.0.0.73.10

Hybrid Meta-Heuristics Based Task Scheduling Algorithm for Energy Efficiency in Fog Computing

Task scheduling in fog computing is one of the areas where researchers are having challenges as the demand grows for the use of Internet of Things (IoT) to access cloud computing resources. Many resource scheduling and optimization algorithms were used by many researchers in fog computing; some used single techniques while others used combined schemes to achieve dynamic scheduling in fog computing, many optimization techniques are reassessed based on deterministic and meta-heuristics to find out solution to scheduling problem in fog computing. This paper proposes Hybrid Meta-Heuristics Optimization Algorithm (HMOA) for energy efficient task scheduling in fog computing, the study combines Particle Swarm Optimization (PSO) Meta-heuristics and deterministic Spanning Tree (SPT) to achieve task scheduling with the intention of eliminating the drawbacks of the two algorithms when used separately, the PSO is used to schedule user task requests among fog devices, while hybrid MPSO-SPT will be used to perform resource allocation and resource management in the fog computing environment. The study proposed to implement the algorithms using iFogSim in the future work such that performance of the algorithms will be evaluated, assessed and compared with other state of art scheduling and resource management algorithms

Intelligent decision support systems for oil price forecasting

This research studies the application of hybrid algorithms for predicting the prices of crude oil. Brent crude oil price data and hybrid intelligent algorithm (time delay neural network, probabilistic neural network, and fuzzy logic) were used to build intelligent decision support systems for predicting crude oil prices. The proposed model was able to predict future crude oil prices from August 2013 to July 2014. Future prices can guide decision makers in economic planning and taking effective measures to tackle the negative impact of crude oil price volatility. Energy demand and supply projection can effectively be tackled with accurate forecasts of crude oil prices, which in turn can create stability in the oil market. The future crude oil prices predict by the intelligent decision support systems can be used by both government and international organizations related to crude oil such as organization of petroleum exporting countries (OPEC) for policy formulation in the next one year