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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 …
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 …
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 …
Accounting For Errors When Using Systems Approaches, Kevin Macg. Adams, Peggy Hester
Accounting For Errors When Using Systems Approaches, Kevin Macg. Adams, Peggy Hester
Engineering Management & Systems Engineering Faculty Publications
Complex systems problems require the use of a formal philosophical construct and dictate the use of a rigorous systems approach. A systems approach may utilize one of a variety of proven methods, but in each case it involves the imposition of order that ranges from the philosophical to the procedural. Independent of the construct or rigor used to address the complex systems problem is the opportunity to commit a number of errors as part of a systems approach. This paper will discuss six classifications for problem solving errors that may be experienced during the application of a systems approach as …