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1.
The impact of ESG on business performance : anǂempirical analysis of NASDAQ–NYSE-Listed companies
Aljaž Herman, Žan Oplotnik, Timotej Jagrič, 2025, original scientific article

Abstract: This study investigates the relationship between ESG ratings and a firm’s financial performance, focusing on Return on Assets (ROA) and Return on Equity (ROE). Using a combination of stepwise linear regression and feedforward neural networks (FFNN), we assess both the linear and nonlinear effects of ESG on financial performance. The regression models identify ESG as a significant, positively correlated factor in explaining financial performance, alongside firm demographics, sector affiliation, and financial indicators. Neural networks reveal nonlinear dynamics, particularly for ROA, suggesting threshold effects in the ESG–performance relationship. Sensitivity analysis confirms that ESG’s influence strengthens at higher values. Our findings highlight that ESG is not only statistically relevant but also interacts with firm characteristics in complex ways. These results contribute to the ongoing discourse on sustainable finance by showing that ESG can be a meaningful driver of financial outcomes, especially when modeled through nonlinear approaches.
Keywords: ESG, financial performance, ROA, ROE, regression, neural network
Published in DKUM: 06.11.2025; Views: 0; Downloads: 7
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2.
A machine vision approach to assessing steel properties through spark imaging
Goran Munđar, Miha Kovačič, Uroš Župerl, 2025, original scientific article

Abstract: Accurate and efficient evaluation of steel properties is crucial for modern manufacturing. This study presents a novel approach that combines spark imaging and deep learning to predict carbon content in steel. By capturing and analyzing sparks generated during grinding, the method offers a fast and cost-effective alternative to conventional testing. Using convolutional neural networks (CNNs), the proposed models demonstrate high reliability and adaptability across different steel types. Among the tested architectures, MobileNet-v2 achieved the best performance, balancing accuracy and computational efficiency. The findings highlight the potential of machine vision and artificial intelligence in non-destructive steel analysis, providing rapid and precise insights for industrial applications.
Keywords: carbon content prediction, convolutional neural networks, deep learning, machine vision, spark imaging, steel analysis
Published in DKUM: 03.11.2025; Views: 0; Downloads: 3
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3.
Micro-location temperature prediction leveraging deep learning approaches
Amadej Krepek, Iztok Fister, Iztok Fister, 2025, original scientific article

Abstract: Nowadays, technological progress has promoted the integration of artificial intelligence into modern human lives rapidly. On the other hand, extreme weather events in recent years have started to influence human well-being. As a result, these events have been addressed by artificial intelligence methods more and more frequently. In line with this, the paper focuses on searching for predicting the air temperature in a particular Slovenian micro-location by using a weather prediction model Maximus based on a longshort term memory neural network learned by the long-term, lower-resolution dataset CERRA. During this huge experimental study, the Maximus prediction model was tested with the ICON-D2 general-purpose weather prediction model and validated with real data from the mobile weather station positioned at a specific micro-location. The weather station employs Internet of Things sensors for measuring temperature, humidity, wind speed and direction, and rain, while it is powered by solar cells. The results of comparing the Maximus proposed prediction model for predicting the air temperature in micro-locations with the general-purpose weather prediction model ICON-D2 has encouraged the authors to continue searching for an air temperature prediction model at the micro-location in the future.
Keywords: long short-term memory neural networks, air temperature, micro-location, prediction, weather, Internet of Things
Published in DKUM: 25.09.2025; Views: 0; Downloads: 4
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4.
Ensemble-based knowledge distillation for identification of childhood pneumonia
Grega Vrbančič, Vili Podgorelec, 2025, original scientific article

Abstract: Childhood pneumonia remains a key cause of global morbidity and mortality, highlighting the need for accurate and efficient diagnostic tools. Ensemble methods have proven to be among the most successful approaches for identifying childhood pneumonia from chest X-ray images. However, deploying large, complex convolutional neural network models in resource-constrained environments presents challenges due to their high computational demands. Therefore, we propose a novel ensemble-based knowledge distillation method for identifying childhood pneumonia from X-ray images, which utilizes an ensemble of classification models to distill the knowledge to a more efficient student model. Experiments conducted on a chest X-ray dataset show that the distilled student model achieves comparable (statistically not significantly different) predictive performance to that of the Stochastic Gradient with Warm Restarts ensemble method (F1-score on average 0.95 vs. 0.96, respectively), while significantly reducing inference time and decreasing FLOPs by a factor of 6.5. Based on the obtained results, the proposed method highlights the potential of knowledge distillation to enhance the efficiency of complex methods, making them more suitable for utilization in environments with limited computational resources.
Keywords: knowledge distillation, convolutional neural networks, childhood pneumonia
Published in DKUM: 20.08.2025; Views: 0; Downloads: 5
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5.
Prunability of multi-layer perceptrons trained with the forward-forward algorithm
Mitko Nikov, Damjan Strnad, David Podgorelec, 2025, original scientific article

Abstract: We explore the sparsity and prunability of multi-layer perceptrons (MLPs) trained using the Forward-Forward (FF) algorithm, an alternative to backpropagation (BP) that replaces the backward pass with local, contrastive updates at each layer. We analyze the sparsity of the weight matrices during training using multiple metrics, and test the prunability of FF networks on the MNIST, FashionMNIST and CIFAR-10 datasets. We also propose FFLib—a novel, modular PyTorch-based library for developing, training and analyzing FF models along with a suite of FF-based architectures, including FFNN, FFNN+C and FFRNN. In addition to structural sparsity, we describe and apply a new method for visualizing the functional sparsity of neural activations across different architectures using the HSV color space. Moreover, we conduct a sensitivity analysis to assess the impact of hyperparameters on model performance and sparsity. Finally, we perform pruning experiments, showing that simple FF-based MLPs exhibit significantly greater robustness to one-shot neuron pruning than traditional BP-trained networks, and a possible 8-fold increase in compression ratios while maintaining comparable accuracy on the MNIST dataset.
Keywords: Forward-Forward, sparsity, pruning, model compression, machine learning, neural network
Published in DKUM: 20.08.2025; Views: 0; Downloads: 2
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6.
Hardened workpiece shape prediction using acoustic responses and deep neural network
Jernej Hernavs, Tadej Peršak, Miran Brezočnik, Simon Klančnik, 2025, original scientific article

Abstract: This study proposes a novel approach to predict the shape of hardened metal workpieces using acoustic responses processed by a deep convolutional neural network (CNN), aiming to advance automated straightening in manufacturing. Tool steel 1.2379 workpieces of varying widths (24 mm, 90 mm, 200 mm) were struck using a custom-built device, with acoustic responses captured and transformed into scalograms via Continuous Wavelet Transform (CWT). A 40-layer CNN predicted 5×9 shape matrices, validated by 3D scans. The dataset (219 shape states, 3396 recordings) was evaluated using leaveone-workpiece-out cross-validation, comparing the CNN against baseline models (linear regression, random forest, shallow CNN, XGBoost). CNN achieved competitive accuracy, demonstrating the feasibility of acoustic-based shape prediction. As a non-invasive, cost-efective complement to 3D scanning, this method ofers innovative potential for multi-modal quality control systems in manufacturing.
Keywords: metal workpiece, hardened, deep neural network, acoustic respons, shape prediction
Published in DKUM: 14.08.2025; Views: 0; Downloads: 9
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7.
Computationally efficient multi-objective optimization of an interior permanent magnet synchronous machine using neural networks
Mitja Garmut, Simon Steentjes, Martin Petrun, 2025, original scientific article

Abstract: Improving the power density of an interior permanent magnet synchronous machine requires a complex and comprehensive approach that includes electromagnetic and thermal aspects. To achieve that, a multi-objective optimization of the machine’s geometry was performed according to selected key performance indicators by using numerical and analytical models. The primary objective of this research was to create a computationally efficient and accurate alternative to a direct finite element method-based optimization. By integrating artificial neural networks as meta-models, we aimed to demonstrate their performance in comparison to existing State-of-the-Art approaches. The artificial neural network approach achieved a nearly 20-fold reduction compared with the finite element method-based approach in computation time while maintaining accuracy, demonstrating its effectiveness as a computationally efficient alternative. The obtained artificial neural network can also be reused for different optimization scenarios and for iterative fine-tuning, further reducing the computation time. To highlight the advantages and limitations of the proposed approach, a multi-objective optimization scenario was performed, which increased the power-to-mass ratio by 16.5%.
Keywords: interior permanent magnet synchronous machine, artificial neural network, metamodel, multi-objective optimization, finite element method
Published in DKUM: 08.08.2025; Views: 0; Downloads: 17
.pdf Full text (2,87 MB)

8.
Contextualized spatio-temporal graph-based method for forecasting sparse geospatial sensor networks
Niko Uremović, Domen Mongus, Aleksander Pur, Niko Lukač, 2025, original scientific article

Abstract: Spatio-temporal forecasting is a rapidly evolving field, accelerated by the increasing accessibility of sensoring infrastructure and computational hardware, capable of processing the large amount of sampled data. Applications of spatio-temporal forecasts range from traffic, weather, air pollution forecasting and others. Emerging technologies employ deep learning architectures, such as graph, convolutional, recurrent and transformer neural networks. While the state-of-the-art methods provide accurate time series predictions, they are typically limited to providing forecasts only for the direct locations of sampling, whereas coverage of the entire area is often desired by the applications. In this work, we propose a method that addresses this challenge and improves on the shortcomings of related works, which have already tackled the task. The proposed graph convolutional recurrent neural network based method provides forecasts for arbitrary geolocations without available measurement data, formulating predictions based on contextual information of target geolocations and the time series data of nearby measurement geolocations. We evaluate the method on three real-world datasets from meteorological, traffic and air pollution domains, and gauge its performance against the state-of-the-art spatio-temporal forecasting methods. The proposed method achieves 12.26 %, 66.97 % and 42.89 % improvements in the mean absolute percentage errors on the three aforementioned datasets, compared to the best performing state-of-the-art method GConvGRU.
Keywords: spatio-temporal forecasting, graph recurrent neural networks, sparse geospatial sensor networks
Published in DKUM: 25.07.2025; Views: 0; Downloads: 2
.pdf Full text (5,19 MB)

9.
Comparative analysis of nonlinear models developed using machine learning algorithms
Maja Rožman, Alen Kišić, Dijana Oreški, 2024, original scientific article

Abstract: Machine learning algorithms are increasingly used in a vast spectrum of domains where statistical approaches were previously used. Algorithms such as artificial neural networks, classification, regression trees, or support vector machines provide various advantages over traditional linear regression or discriminant analysis. Advantages such as flexibility, scalability, and improved accuracy in dealing with diverse data types, nonlinear problems, and dimensionality reduction, compared to traditional statistical methods are empirically demonstrated in many previous research papers. In this paper, two machine learning algorithms are compared with one statistical method on highly nonlinear data. Results indicate a high level of effectiveness for machine learning algorithms when dealing with nonlinearity.
Keywords: machine learning, decision tree algorithm, artificial neural network, predictive models, data characteristics, nonlinear data, artificial intelligence
Published in DKUM: 02.07.2025; Views: 0; Downloads: 7
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10.
Meta analysis of business valuation solutions –are AI based methods better?
Aljaž Herman, Damijan Mumel, Timotej Jagrič, 2024, review article

Abstract: Purpose of the article–this article addresses the challenge of accurately assessing business value in today's dynamic environment, exploring the limitations of traditional valuation methods and the potential of modern, technology-driven approaches.Research methodology–the study uses qualitative research methods, including content analysis, deductive reasoning, and comparative analysis, to review various business valuation techniques.Findings –the research finds that traditional methods like Discounted Cash Flow and Relative Valuation are outdated, failing to capture all value factors. Modern approaches, such as simulation-based valuation, machine learning, and neural networks, combine traditional methods with advanced techniques. These methodologies utilize vast datasets and sophisticated algorithms, enhancing predictive accuracy and understanding of market dynamics. Neural networks excel in analysing complex patterns and adapting to market shifts. However, no single method can capture all nuances, necessitating diverse approaches and acknowledging the subjective nature of valuations
Keywords: business valuation, traditional and advanced valuation methods, machine learning, neural networks, artificial intelligence
Published in DKUM: 01.07.2025; Views: 0; Downloads: 9
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