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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Analyzing Responses From Likert Surveys And Risk-Adjusted Ranking: A Data Analytics Perspective, Abhijit Gosavi
Analyzing Responses From Likert Surveys And Risk-Adjusted Ranking: A Data Analytics Perspective, Abhijit Gosavi
Engineering Management and Systems Engineering Faculty Research & Creative Works
We broadly consider the topic of ranking entities from surveys/opinions. Often, numerous ranks from different respondents are available for the same entity, e.g., a candidate from a pool, and yet an averaging of those ranks may not serve the purpose of identifying a consensus candidate. We first consider a risk-adjusted paradigm for ranking, where the rank is defined as the average (mean) rank plus a scalar times the risk in the rank; we use standard deviation as a risk metric. In case of a candidate being ranked either on the basis of opinions of a selection committee's members or on …
Determination Of Rule Patterns In Complex Event Processing Using Machine Learning Techniques, Nijat Mehdiyev, Julian Krumeich, David Lee Enke, Dirk Werth, Peter Loos
Determination Of Rule Patterns In Complex Event Processing Using Machine Learning Techniques, Nijat Mehdiyev, Julian Krumeich, David Lee Enke, Dirk Werth, Peter Loos
Engineering Management and Systems Engineering Faculty Research & Creative Works
Complex Event Processing (CEP) is a novel and promising methodology that enables the real-time analysis of stream event data. The main purpose of CEP is detection of the complex event patterns from the atomic and semantically low-level events such as sensor, log, or RFID data. Determination of the rule patterns for matching these simple events based on the temporal, semantic, or spatial correlations is the central task of CEP systems. In the current design of the CEP systems, experts provide event rule patterns. Having reached maturity, the Big Data Systems and Internet of Things (IoT) technology require the implementation of …
Noise Canceling In Volatility Forecasting Using An Adaptive Neural Network Filter, Soheil Almasi Monfared, David Lee Enke
Noise Canceling In Volatility Forecasting Using An Adaptive Neural Network Filter, Soheil Almasi Monfared, David Lee Enke
Engineering Management and Systems Engineering Faculty Research & Creative Works
Volatility forecasting models are becoming more accurate, but noise looks to be an inseparable part of these forecasts. Nonetheless, using adaptive filters to cancel the noise should help improve the performance of the forecasting models. Adaptive filters have the advantage of changing based on the environment. This feature is vital when they are used along with a model for volatility forecasting and error cancellation in the financial markets. Nonlinear Autoregressive (NAR) neural networks have simple structures, but they are efficient tools in error cancelation systems when working with non-stationary and random walk noise processes. For this research, an adaptive threshold …
Optimizing Macd Parameters Via Genetic Algorithms For Soybean Futures, Phoebe S. Wiles, David Lee Enke
Optimizing Macd Parameters Via Genetic Algorithms For Soybean Futures, Phoebe S. Wiles, David Lee Enke
Engineering Management and Systems Engineering Faculty Research & Creative Works
To create profits, traders must time the market correctly and enter and exit positions at ideal times. Finding the optimal time to enter the market can be quite daunting. The soybean market can be volatile and complex. Weather, sentiment, supply, and demand can all affect the price of soybeans. Traders typically use either fundamental analysis or technical analysis to predict the market for soybean futures' contracts. Every agricultural future's contract or security contract is different in its nature, volatility, and structure. Therefore, the purpose of this research is to optimize the moving average convergence divergence parameter values from traditionally used …
Selecting Attributes, Rules, And Membership Functions For Fuzzy Sos Architecture Evaluation, Louis Pape, Siddhartha Agarwal, Cihan H. Dagli
Selecting Attributes, Rules, And Membership Functions For Fuzzy Sos Architecture Evaluation, Louis Pape, Siddhartha Agarwal, Cihan H. Dagli
Engineering Management and Systems Engineering Faculty Research & Creative Works
The development of the FILA-SoS meta-architecture approach to acknowledged systems of systems (SoS) analysis allows a relatively unbiased method for exploring a potential SoS architecture space. This paper delves more deeply into the process of building the lists of desirable fuzzy attributes of a SoS, developing rules for combining attribute values to an overall assessment, and discovering membership function shapes that work well. A wide range of options exist for all the individual elements of SoS assessment. Some recommendations for finding an appropriate combination for the adjustable parameters of fuzzy assessment models through random architecture chromosome testing and iteration are …
A Simulation-Based Approach To Risk Assessment And Mitigation In Supply Chain Networks, Mamadou Seck, Ghaith Rabadi, Christian Koestler
A Simulation-Based Approach To Risk Assessment And Mitigation In Supply Chain Networks, Mamadou Seck, Ghaith Rabadi, Christian Koestler
Engineering Management & Systems Engineering Faculty Publications
We present in this paper a simulation-based approach to evaluate the risk associated with supply chain disruptions caused by failures in some supply chains nodes and measure the impact of such disruptions on supply chain key performance measures (KPIs) of interest. The proposed framework enables analysts and managers to repeatedly assess the risk to their supply chains based on various simulated scenarios and identify the most critical nodes whose disruption will have the highest impact on the KPIs of interest. As a result, companies can focus on the most critical supply chain assets and develop targeted mitigation plans that minimize …
How System Errors Affect Aircrew Resource Management (Crm), Justin Y. Adkins, Kevin Macg. Adams, Patrick T. Hester
How System Errors Affect Aircrew Resource Management (Crm), Justin Y. Adkins, Kevin Macg. Adams, Patrick T. Hester
Engineering Management & Systems Engineering Faculty Publications
System errors, both mechanical and human in nature, can have a grave effect on aircrew judgement in flight. The effects of these errors can be massively compounded during emergency situations. Crew Resource Management (CRM) is an important process aircrews can utilize to minimize risks and enhance assessments. The employment of this technique can be validated by aviation mishaps over the last three decades and how system errors increased the probability of the incident occurring. Suggestions can be made to further prevent similar accidents from occurring in the future utilizing historical aeronautical records. This paper outlines an approach by which systems …