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Open Access November 29, 2022

The Application of Machine Learning in the Corona Era, With an Emphasis on Economic Concepts and Sustainable Development Goals

Abstract The aim of this article is to examine the impacts of Coronavirus Disease -19 (Covid-19) vaccines on economic condition and sustainable development goals. In other words, we are going to study the economic condition during Covid19. We have studied the economic costs of pandemic, benefits in terms of gross domestic product (GDP), public finances and employment, investment on vaccines around the [...] Read more.
The aim of this article is to examine the impacts of Coronavirus Disease -19 (Covid-19) vaccines on economic condition and sustainable development goals. In other words, we are going to study the economic condition during Covid19. We have studied the economic costs of pandemic, benefits in terms of gross domestic product (GDP), public finances and employment, investment on vaccines around the world, progress and totally the economic impacts of vaccines and the impacts of emerging markets (EM) on achieving sustainable development goals (SDGs), including no poverty, good health and well-being, zero hunger, reduced inequality etc. The importance of emerging economies in reducing the harmful effects of the Corona has also been noted. We have tried to do experimental results and forecast daily new death cases from Feb-2020 to Aug-2021 in Iran using Artificial Neural Network (ANN) and Beetle Antennae Search (BAS) algorithm as a case study with econometric models and regression analysis. The findings show that Covid19 has had devastating economic and health effects on the world, and the vaccine can be very helpful in eliminating these effects specially in long-term. We observed that there is inequality in the distribution of Corona vaccines in rich countries compared to poor which EM can decrease the gap between them. The results show that both models (i.e., Artificial intelligence (AI) and econometric models) almost have the same results but AI optimization models can robust the model and prediction. The main contribution of this article is that we have surveyed the impacts of vaccination from socio-economic viewpoint not just report some facts and truth. We have surveyed the impacts of vaccines on sustainable development goals and the role of EM in achieving SDGs. In addition to using the theoretical framework, we have also used quantitative and empirical results that have rarely been seen in other articles.
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Open Access April 16, 2022

Economic Impact of Some Determinant Factors of Nigerian Inflation Rate

Abstract The Nigerian Government both previous and present has introduced several policies and programmes to reduce or proffer remedial measures to militate against the negative impact of high inflationary levels on the Nigerian economy. All these measures have not led to a productive result as the inflation rate has continued to sour higher over the years. This paper aimed at examining the economic [...] Read more.
The Nigerian Government both previous and present has introduced several policies and programmes to reduce or proffer remedial measures to militate against the negative impact of high inflationary levels on the Nigerian economy. All these measures have not led to a productive result as the inflation rate has continued to sour higher over the years. This paper aimed at examining the economic influence of the determinant factors that influence inflationary trends that are multi-dimensional and dynamic which continue to defy solutions. The data used for this work was sourced from the National Bureau of Statistics and Central Bank of Nigeria, from 1983 to 2020. The ordinary least square approach was used to analyze the data and the result shows that consumer’s price index, interest rate and total export has a positive effect on Nigeria inflation, but only the Consumer’s Price Index (CPI) have a statistically significant effect on the Nigeria inflation at 99% confidence interval. Result also shows that the exchange rate, foreign reserve, money supply, real GDP, real income and total imports has a negative effect though not statistically significant on the Nigeria inflation rate. The result of the granger causality test shows exchange rate and total imports to granger cause Nigeria inflation. It is recommended that Government should improve locally manufacture products to meet international demands to reduce total imports.
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Open Access November 16, 2023

Innovations in Agricultural Machinery: Assessing the Impact of Advanced Technologies on Farm Efficiency

Abstract Progress in the development and adoption of technological innovations is instrumental in enhancing the efficiency of production systems across the globe. Through the introduction of cost-efficient and high-performing technologies, countries can both reduce the resource use intensity of their economies and boost the global supply of essential products. The focus of this study is to analyze the [...] Read more.
Progress in the development and adoption of technological innovations is instrumental in enhancing the efficiency of production systems across the globe. Through the introduction of cost-efficient and high-performing technologies, countries can both reduce the resource use intensity of their economies and boost the global supply of essential products. The focus of this study is to analyze the application of advanced machinery and mechanisms within the agricultural sector, a primary industry that acts as a major contributor to the gross domestic product (GDP) of many nations. Specifically, this paper provides an in-depth review of the latest impact assessments based on analytical and modeling tools conducted on agricultural machinery and production technologies. Our findings highlight the positive role played by scientific progress and innovation in driving the competitiveness, growth and improved sustainability of the agricultural sector. Over the years, advanced technologies have accelerated the development and modernization of machinery, equipment, and processes in farming. Typically, modern machinery and equipment have enabled large-scale production on farms, enhancing the cost-efficient use of both land and labor, as well as the capacity and timeliness in performing essential agricultural operations. The rapid diffusion of technical advancements has further contributed to resource savings, productivity growth, and the overall transformation of agricultural value chains. Accordingly, the implementation of appropriate enabling conditions is of vital importance in encouraging the widespread integration of technologies in agriculture, not only boosting productivity along the agri-food chain but also yielding widespread social, economic, and environmental benefits.
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Open Access November 16, 2023

Zero Carbon Manufacturing in the Automotive Industry: Integrating Predictive Analytics to Achieve Sustainable Production

Abstract This charge-ahead paper suggests that transitioning the automotive industry towards a zero-carbon ecosystem from material to end-of-life can be accomplished through disruptive zero-carbon manufacturing in the broad area of all-electric vehicle production technology. To accomplish zero carbon emission automotive manufacturing in the vehicle assembly domain, future paradigms must converge on the [...] Read more.
This charge-ahead paper suggests that transitioning the automotive industry towards a zero-carbon ecosystem from material to end-of-life can be accomplished through disruptive zero-carbon manufacturing in the broad area of all-electric vehicle production technology. To accomplish zero carbon emission automotive manufacturing in the vehicle assembly domain, future paradigms must converge on the decoupling of carbon dioxide emissions from automobile manufacturing and use the design, processing, and manufacturing conditions. The envisioned zero carbon emission vehicle manufacturing domain consists of two complementary components: (a) making more efficient use of energy and (b) reducing carbon in energy use. This paper presents the status of key scientific and technological advancements to bring the manufacturing model of today to a zero-carbon ecosystem for the entire automotive industry of tomorrow. This paper suggests the groundbreaking application of dynamic and distributed predictive scheduling algorithms and open sensing and visualization technology to meet the zero carbon emission vehicle manufacturing goals. Power-aware high-performance computing clusters have recently become a viable solution for sustainable production. Advances in scalable and self-adaptive monitoring, predictive analytics, timeline-based machine learning, and digital replica of cyber-physical systems are also seen co-evolving in the zero carbon manufacturing future. These methods are inspired by initiatives to decouple gross domestic product growth and energy-related carbon dioxide emissions. Stakeholders could co-design and implement shared roadmaps to transition the automotive manufacturing sector with relevant societal and environmental benefits. The automated mobility sector offers a program, an industry-leading example of transforming an automotive production facility to carbon neutrality status. The conclusions from this paper challenge automotive manufacturers to engage in industry offsetting and carbon tax programs to drive continuous improvement and circular vehicle flows via a multi-directional zero-carbon smart grid.
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