Related papers: Decision Making and Productivity Measurement
Traditional algorithm analysis treats all basic operations as equally costly, which hides significant differences in time, energy consumption, and cost between different types of computations on modern processors. We propose a…
Weak form of the Efficiency Market Hypothesis (EMH) excludes predictions of future market movements from historical data and makes the technical analysis (TA) out of law. However the technical analysis is widely used by traders and…
Statistical estimation in many contemporary settings involves the acquisition, analysis, and aggregation of datasets from multiple sources, which can have significant differences in character and in value. Due to these variations, the…
To ensure trust in AI models, it is becoming increasingly apparent that evaluation of models must be extended beyond traditional performance metrics, like accuracy, to other dimensions, such as fairness, explainability, adversarial…
Divergence measures have a long association with statistical inference, machine learning and information theory. The density power divergence and related measures have produced many useful (and popular) statistical procedures, which provide…
This paper addresses the question: how many distributed energy resources (DERs) are needed to provide $\pm1$MW of flexibility over a number of hours? For this purpose, a metric based on an ISO's own performance score is proposed. Then, a…
Optimization of product performance repetitively introduces the need to make products adaptive in a more general sense. This more general idea is often captured under the term 'self-configuration'. Despite the importance of such capability,…
This article demonstrates how a large number of efficiency measures known in the literature in production economics can be interpreted through the notion of utility function, based on the concept of Stone-Geary utility. Several…
Reliable evaluation protocols are of utmost importance for reproducible NLP research. In this work, we show that sometimes neither metric nor conventional human evaluation is sufficient to draw conclusions about system performance. Using…
Several concepts on the measure of observability, reachability, and robustness are defined and illustrated for both linear and nonlinear control systems. Defined by using computational dynamic optimization, these concepts are applicable to…
Nowadays high speed machining (HSM) machine tool combines productivity and part quality. So mould and die maker invested in HSM. Die and mould features are more and more complex shaped. Thus, it is difficult to choose the best machining…
In this paper, we derive a number of inequalities which express power-efficiency trade-offs that hold generally for thermodynamic machines operating in non-equilibrium stationary states. One of these inequalities concerns the output power,…
Nowadays, many decisions are made using predictive models built on historical data.Predictive models may systematically discriminate groups of people even if the computing process is fair and well-intentioned. Discrimination-aware data…
The Fairness, Accountability, and Transparency in Machine Learning (FAT-ML) literature proposes a varied set of group fairness metrics to measure discrimination against socio-demographic groups that are characterized by a protected feature,…
In distributed and federated learning, heterogeneity across data sources remains a major obstacle to effective model aggregation and convergence. We focus on feature heterogeneity and introduce energy distance as a sensitive measure for…
Ranking and scoring are ubiquitous. We consider the setting in which an institution, called a ranker, evaluates a set of individuals based on demographic, behavioral or other characteristics. The final output is a ranking that represents…
Feature selection is a crucial step in large-scale industrial machine learning systems, directly affecting model accuracy, efficiency, and maintainability. Traditional feature selection methods rely on labeled data and statistical…
A growing number of applications involve settings where, in order to infer heterogeneous effects, a researcher compares various units. Examples of research designs include children moving between different neighborhoods, workers moving…
End-to-end research evaluation needs to separate out the bibliometric part of the chain from the econometric part. We first introduce the role of size-dependent and size-independent indicators in the bibliometric part of the evaluation…
With time, machine learning models have increased in their scope, functionality and size. Consequently, the increased functionality and size of such models requires high-end hardware to both train and provide inference after the fact. This…