64 research outputs found

    A Lower-Bound for the Error-Variance of Maximum-Likelihood Delay Estimates of Discontinuous Pulse Waveforms

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    A new lower bound is developed for the error variance of maximum-likelihood time-delay estimation when the received signal is a square pulse, corrupted by additive white Gaussian noise. The bound is generated by combining concepts previously developed for a special class of stochastic processes, induced by the signal model. For moderate signal to noise ratios, the new bound is significantly tighter than previously known ones

    Untangling hotel industry’s inefficiency: An SFA approach applied to a renowned Portuguese hotel chain

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    The present paper explores the technical efficiency of four hotels from Teixeira Duarte Group - a renowned Portuguese hotel chain. An efficiency ranking is established from these four hotel units located in Portugal using Stochastic Frontier Analysis. This methodology allows to discriminate between measurement error and systematic inefficiencies in the estimation process enabling to investigate the main inefficiency causes. Several suggestions concerning efficiency improvement are undertaken for each hotel studied.info:eu-repo/semantics/publishedVersio

    New Developments in Renewable Energy

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    Renewable energy is defined as the energy which naturally occurs, covers a number of sources and technologies at different stages, and is theoretically inexhaustible. Renewable energy sources such as those who are generated from sun or wind are the most readily-available and possible solutions to address the challenge of growing energy demands in the world. Newer and environmentally friendly technologies are able to provide different social and environmental benefits such as employment and decent environment. Renewable energy technologies are crucial contributors to world energy security, reduce reliance on fossil fuels, and provide opportunities for mitigating greenhouse gases. International public opinion indicates that there is strong support for a variety of methods for solving energy supply problems, one of which is utilizing renewable energy sources. In recent years, countries realized that that the renewable energy and its sector are key components for greener economies

    Attitudes towards old age and age of retirement across the world: findings from the future of retirement survey

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    The 21st century has been described as the first era in human history when the world will no longer be young and there will be drastic changes in many aspects of our lives including socio-demographics, financial and attitudes towards the old age and retirement. This talk will introduce briefly about the Global Ageing Survey (GLAS) 2004 and 2005 which is also popularly known as “The Future of Retirement”. These surveys provide us a unique data source collected in 21 countries and territories that allow researchers for better understanding the individual as well as societal changes as we age with regard to savings, retirement and healthcare. In 2004, approximately 10,000 people aged 18+ were surveyed in nine counties and one territory (Brazil, Canada, China, France, Hong Kong, India, Japan, Mexico, UK and USA). In 2005, the number was increased to twenty-one by adding Egypt, Germany, Indonesia, Malaysia, Poland, Russia, Saudi Arabia, Singapore, Sweden, Turkey and South Korea). Moreover, an additional 6320 private sector employers was surveyed in 2005, some 300 in each country with a view to elucidating the attitudes of employers to issues relating to older workers. The paper aims to examine the attitudes towards the old age and retirement across the world and will indicate some policy implications

    Predictive Power of Criminal Background on Losses

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    Product and data science teams for the auto insurance industry have been trying to increase pricing segmentation with validated rating variables to decrease rate subsidization. The criminal background data availability provided a new behavior variable to test against insurance-based credit scores as a potential predictive variable in the generalized linear rating model. Criminal background was analyzed using a Poisson Log Linear model and other key insurance rating variables for predicting loss costs. The study supported the inclusion of the criminal background data in combination with insurance-based credit score as the variable’s addition could improve the overall fit of the predictive model. The study also acknowledged there was a statistically significant association between criminal background and insurance-based credit score, but the overall size of the effect was small and weak. The overall contribution of value criminal background variable needs to be considered with a full rating dataset to determine if other, less powerful variables could be removed from the generalized linear to reduce the overall model complexity

    Essentials of Business Analytics

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