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24 results for “stochastic distribution”
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Research ArticleOpen accessIn the abstractCost Efficiencies and Rankings of Flagship UniversitiesG. Thomas SavProblem statement: Each state in the U.S. touts a premier university as the flagship of its publicly funded higher education system. With decreased government budgets and increased interest in public management reforms, these institutions are being pressured to provide evidence of and set examples for ever greater improvements in operating cost efficiencies. The problem, however, is that empirical measures of … …American Journal of Economics and Business Administration, Vol. 3, Issue 4 · 20 Jan 2012 · 7,507 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Novel Performance Metric for Building an Optimized ClassifierMohammad Hossin, Md Nasir Sulaiman, Aida Mustapha, Norwati MustaphaProblem statement: Typically, the accuracy metric is often applied for optimizing the heuristic or stochastic classification models. However, the use of accuracy metric might lead the searching process to the sub-optimal solutions due to its less discriminating values and it is also not robust to the changes of class distribution. Approach: To solve these detrimental effects, we propose a novel … …Journal of Computer Science, Vol. 7, Issue 4 · 4 Apr 2011 · 8,480 accessesView PDFCite
Research ArticleOpen accessIn the abstractOn Calculating Activity Slack in Stochastic Project NetworksGary MitchellProblem statement: Identifying critical tasks in a project network is easily done when task times are deterministic, but doing so under stochastic task times is problematic. The few methods that have been proposed contain serious drawbacks which lead to identifying critical tasks incorrectly, leaving project managers without the means to (1) identify and rank the most probable sources of project … …American Journal of Economics and Business Administration, Vol. 2, Issue 1 · 31 Mar 2010 · 8,233 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Theory of the Risks of Venture Capital FinancingEdmund H. MantellProblem statement: There is no general theory analyzing how the time-varying cash flows of venture capitalist financing affect the likelihood of success of a new venture. This research addressed that lacuna in the literature. Approach: Research in the area of venture capital financing was needed because of the importance of new ventures as germinators of technological innovation. The research in … …American Journal of Economics and Business Administration, Vol. 1, Issue 2 · 30 Jun 2009 · 7,765 accessesView PDFCite
Research ArticleOpen accessIn the abstractSolving the Vehicle Routing Problem with Stochastic Demands via Hybrid Genetic Algorithm-Tabu SearchZ. Ismail, IrhamahThis study considers a version of the stochastic vehicle routing problem where customer demands are random variables with known probability distribution. A new scheme based on a hybrid GA and Tabu Search heuristic is proposed for this problem under a priori approach with preventive restocking. The relative performance of the proposed HGATS is compared to each GA and TS alone, … …Journal of Mathematics and Statistics, Vol. 4, Issue 3 · 30 Sep 2008 · 7,957 accessesView PDFCite
Research ArticleOpen accessIn the abstractVisual Curvatures of H1N1 Incidences in African, Asian, European, American and Oceanic NationsRamalingam ShanmugamThe World Health Organization (WHO) was worried about the outbreak of H1N1 epidemic worldwide as it consumed several human lives. In a novel manner, this article defines, computes and illustrates the effectiveness of health administrators’ efforts to extinguish pandemic H1N1 using curvature concept. Data on weekly incidences of H1N1 in year 2009 among the nations in Africa, Asia, Europe, Americas … …Current Research in Medicine, Vol. 6, Issue 2 · 29 Oct 2015 · 6,946 accessesView PDFCite
Research ArticleOpen accessIn the abstractThe Phenomenon of Nonzero Norm of Long-Term Changes in the Total Water Supply in River BasinsViktor V. Kovalenko, Ekaterina V. GaidukovaIn hydrology, the norm of changes in water supply is considered to be equal to zero, under long-term averaging. This assumption allows for calculating and mapping the long-term evaporation rates linked by the water balance with maps of precipitation and river runoff. The phenomenon of nonzero norm of change of the total water supply is provided using the effect of … …American Journal of Environmental Sciences, Vol. 11, Issue 2 · 27 May 2015 · 6,636 accessesView PDFCite
Research ArticleOpen accessIn the abstractA MATHEMATICAL ANALYSIS OF THE INCLUSION OF INSTITUTIONAL BETTING FUNDS INTO STOCK MARKET: THE CASE OF TECHNICAL AND FUNDAMENTAL PAYOFF MODELS IN HORSERACE BETTINGCraig George Leslie Hopf, Gurudeo Anand TularamHorserace win and place returns have yet to be considered seriously as portfolio inputs in financial trading markets. However there exist technical and fundamental stochastic models of parametric and nonparametric distribution that appear to optimize expected returns from win and place investing in the horserace wagering market. In this study, a complex number optimization technique is introduced and applied to … …Journal of Mathematics and Statistics, Vol. 10, Issue 3 · 23 Aug 2014 · 6,794 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Price Hedging Model in Dynamic MarketKuo-Wei Lin, Kuang-Jung Tseng, Szu-Cheng ChengProblem statement: Pricing is a problem when a firm has to set a price for the first time. This happens when the firm develops or acquires a new product, introduces its regular product into a new distribution or geographical area, or enters bids on the new contract work. Many companies try to set the price to maximize current profits. They … …American Journal of Applied Sciences, Vol. 9, Issue 7 · 3 Aug 2012 · 6,941 accessesView PDFCite
Research ArticleOpen accessIn the abstractApplications of Conditional Value at Risk to Full Truckload Pricing Under Demand and Service Time UncertaintiesThitima Wonginta, Sompong SirisoponsilpProblem statement: Pricing is one of the fundamental management decisions required by a truckload carrier. Traditional pricing based on an average all relevant costs including fixed and variable costs is not capable of providing adequate margins that prevent losses during operation uncertainties inherent in truckload operation including demand variability and variation in service times. Approach: This study utilizes Conditional Value … …American Journal of Engineering and Applied Sciences, Vol. 4, Issue 1 · 28 Jan 2011 · 8,336 accessesView PDFCite