959 research outputs found
Do Analysts Add Value When They Most Can? Evidence From Corporate Spin-Offs
This article investigates how securities analysts help investors understand the value of diversification. By studying the research that analysts produce about companies that have announced corporate spin-offs, we gain unique insights into how analysts portray diversified firms to the investment community. We find that while analysts\u27 research about these companies is associated with improved forecast accuracy, the value of their research about the spun-off subsidiaries is more limited. For both diversified firms and their spun-off subsidiaries, analysts\u27 research is more valuable when information asymmetry between the management of these entities and investors is higher. These findings contribute to the corporate strategy literature by shedding light on the roots of the diversification discount and by showing how analysts\u27 research enables investors to overcome asymmetric information
Complex Decision-Making Applications for the NASA Space Launch System
The Space Shuttle program is ending and elements of the Constellation Program are either being cancelled or transitioned to new NASA exploration endeavors. The National Aeronautics and Space Administration (NASA) has worked diligently to select an optimum configuration for the Space Launch System (SLS), a heavy lift vehicle that will provide the foundation for future beyond low earth orbit (LEO) large-scale missions for the next several decades. Thus, multiple questions must be addressed: Which heavy lift vehicle will best allow the agency to achieve mission objectives in the most affordable and reliable manner? Which heavy lift vehicle will allow for a sufficiently flexible exploration campaign of the solar system? Which heavy lift vehicle configuration will allow for minimizing risk in design, test, build and operations? Which heavy lift vehicle configuration will be sustainable in changing political environments? Seeking to address these questions drove the development of an SLS decision-making framework. From Fall 2010 until Spring 2011, this framework was formulated, tested, fully documented, and applied to multiple SLS vehicle concepts at NASA from previous exploration architecture studies. This was a multistep process that involved performing figure of merit (FOM)-based assessments, creating Pass/Fail gates based on draft threshold requirements, performing a margin-based assessment with supporting statistical analyses, and performing sensitivity analysis on each. This paper discusses the various methods of this process that allowed for competing concepts to be compared across a variety of launch vehicle metrics. The end result was the identification of SLS launch vehicle candidates that could successfully meet the threshold requirements in support of the SLS Mission Concept Review (MCR) milestone
Space Launch System Complex Decision-Making Process
The Space Shuttle program has ended and elements of the Constellation Program have either been cancelled or transitioned to new NASA exploration endeavors. The National Aeronautics and Space Administration (NASA) has worked diligently to select an optimum configuration for the Space Launch System (SLS), a heavy lift vehicle that will provide the foundation for future beyond low earth orbit (LEO) large-scale missions for the next several decades. From Fall 2010 until Spring 2011, an SLS decision-making framework was formulated, tested, fully documented, and applied to multiple SLS vehicle concepts at NASA from previous exploration architecture studies. This was a multistep process that involved performing figure of merit (FOM)-based assessments, creating Pass/Fail gates based on draft threshold requirements, performing a margin-based assessment with supporting statistical analyses, and performing sensitivity analysis on each. This paper focuses on the various steps and methods of this process (rather than specific data) that allowed for competing concepts to be compared across a variety of launch vehicle metrics in support of the successful completion of the SLS Mission Concept Review (MCR) milestone
Groupoid normalizers of tensor products
We consider an inclusion B [subset of or equal to] M of finite von Neumann algebras satisfying B′∩M [subset of or equal to] B. A partial isometry vset membership, variantM is called a groupoid normalizer if vBv*,v*Bv[subset of or equal to] B. Given two such inclusions B<sub>i</sub> [subset of or equal to] M<sub>i</sub>, i=1,2, we find approximations to the groupoid normalizers of [formula] in [formula], from which we deduce that the von Neumann algebra generated by the groupoid normalizers of the tensor product is equal to the tensor product of the von Neumann algebras generated by the groupoid normalizers. Examples are given to show that this can fail without the hypothesis [formula], i=1,2. We also prove a parallel result where the groupoid normalizers are replaced by the intertwiners, those partial isometries vset membership, variantM satisfying vBv*[subset of or equal to] B and v*v,vv*[set membership, variant] B
Intelligent opinion mining and sentiment analysis using artificial neural networks
The article formulates a rigorously developed concept of opinion mining and sentiment analysis using hybrid neural networks. This conceptual method for processing natural-language text enables a variety of analyses of the subjective content of texts. It is a methodology based on hybrid neural networks for detecting subjective content and potential opinions, as well as a method which allows us to classify different opinion type and sentiment score classes. Moreover, a general processing scheme, using neural networks, for sentiment and opinion analysis has been presented. Furthermore, a methodology which allows us to determine sentiment regression has been devised. The paper proposes a method for classification of the text being examined based on the amount of positive, neutral or negative opinion it contains. The research presented here offers the possibility of motivating and inspiring further development of the methods that have been elaborated in this paper.Stuart, KDC.; Majewski, M. (2015). Intelligent opinion mining and sentiment analysis using artificial neural networks. Lecture Notes in Computer Science. 9492:103-110. doi:10.1007/978-3-319-26561-2_13S1031109492Feldman, R.: Techniques and applications for sentiment analysis. Commun. ACM 56(4), 82–89 (2013)Taboada, M., Brooke, J., Tofiloski, M., Voll, K., Stede, M.: Lexicon-based methods for sentiment analysis. Comput. Linguist. 37(2), 267–307 (2011)Mohammad, S.M., Turney, P.D.: Crowdsourcing a word-emotion association lexicon. Comput. Intell. 29(3), 436–465 (2013)Chen, H., Zimbra, D.: AI and opinion mining. IEEE Intell. Syst. 25(3), 74–80 (2010)Majewski, M., Zurada, J.M.: Sentence recognition using artificial neural networks. Knowl. Based Syst. 21(7), 629–635 (2008)Kacalak, W., Stuart, K.D., Majewski, M.: Intelligent natural language processing. In: Jiao, L., Wang, L., Gao, X., Liu, J., Wu, F. (eds.) ICNC 2006. LNCS, vol. 4221, pp. 584–587. Springer, Heidelberg (2006)Kacalak, W., Stuart, K., Majewski, M.: Selected problems of intelligent handwriting recognition. In: Melin, P., Castillo, O., Ramírez, E.G., Kacprzyk, J., Pedrycz, W. (eds.) IFSA 2007. Advances in Soft Computing, vol. 41, pp. 298–305. Springer, Cancun (2007)Stuart, K.D., Majewski, M.: Selected problems of knowledge discovery using artificial neural networks. In: Liu, D., Fei, S., Hou, Z., Zhang, H., Sun, C. (eds.) ISNN 2007, Part III. LNCS, vol. 4493, pp. 1049–1057. Springer, Heidelberg (2007)Stuart, K., Majewski, M.: A new method for intelligent knowledge discovery. In: Castillo, O., Melin, P., Ross, O.M., Cruz, R.S., Pedrycz, W., Kacprzyk, J. (eds.) IFSA 2007. Advances in Soft Computing, vol. 42, pp. 721–729. Springer, Heidelberg (2007)Stuart, K.D., Majewski, M.: Artificial creativity in linguistics using evolvable fuzzy neural networks. In: Hornby, G.S., Sekanina, L., Haddow, P.C. (eds.) ICES 2008. LNCS, vol. 5216, pp. 437–442. Springer, Heidelberg (2008)Stuart, K.D., Majewski, M.: Evolvable neuro-fuzzy system for artificial creativity in linguistics. In: Huang, D.-S., Wunsch II, D.C., Levine, D.S., Jo, K.-H. (eds.) ICIC 2008. LNCS (LNAI), vol. 5227, pp. 46–53. Springer, Heidelberg (2008)Stuart, K.D., Majewski, M., Trelis, A.B.: Selected problems of intelligent corpus analysis through probabilistic neural networks. In: Zhang, L., Lu, B.-L., Kwok, J. (eds.) ISNN 2010, Part II. LNCS, vol. 6064, pp. 268–275. Springer, Heidelberg (2010)Stuart, K.D., Majewski, M., Trelis, A.B.: Intelligent semantic-based system for corpus analysis through hybrid probabilistic neural networks. In: Liu, D., Zhang, H., Polycarpou, M., Alippi, C., He, H. (eds.) ISNN 2011, Part I. LNCS, vol. 6675, pp. 83–92. Springer, Heidelberg (2011)Specht, D.F.: Probabilistic neural networks. Neural Netw. 3(1), 109–118 (1990)Specht, D.F.: A general regression neural network. IEEE Trans. Neural Netw. 2(6), 568–576 (1991
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