142,882 research outputs found

    Principles for the selection and integration of educational multimedia materials

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    This paper sets out to clarify the decision framework for the selection and integration of educational multimedia material into courses. Two main areas are discussed. The first involves matching the educational principles inherent in the multimedia artefact to the aims of the course. The opposition between instructionist and constructivist approaches is particularly highlighted. The second area concerns the models used to integrate the multimedia component into the overall course. The models are classified in terms of how they distribute the balance of responsibility for explicit educational structuring between the multimedia system and the course tutor. The paper does not set out prescriptive rules; it aims rather to inform and articulate the decision space for the tutor

    A prescriptive cost model for demand shaping: an application for target costing

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    Costing tools and traditional cost models are used primarily to calculate costs. However, these models would be more relevant if used as decision-making support tools. That is, they should allow ex-ante rather than ex-post analyses. Nevertheless, cost models tend to follow a linear logic of resources-activities-products (e.g. as it is the case of Activity Based Costing) when uncertainty, variability and dynamics of the current market demand cost models that help decision makers to define which resources are needed to satisfy market needs (e.g. as it is the case of Target Costing), i.e. in a reverse logic. Such models can be designated prescriptive cost models and require significant computational resources to attend the complexity of the problems for which they can be applied. The prescriptive analysis intends to recommend actions based on specified or desired results and it is the most evolved stage of business analytics, far beyond descriptive and predictive approaches. This paper presents and discusses a prescriptive cost model applied in the context of Target Costing. The relevance and validity of this approach are discussed and several opportunities for further work are presented.info:eu-repo/semantics/publishedVersio

    Bootstrap Robust Prescriptive Analytics

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    We address the problem of prescribing an optimal decision in a framework where its cost depends on uncertain problem parameters YY that need to be learned from data. Earlier work by Bertsimas and Kallus (2014) transforms classical machine learning methods that merely predict YY from supervised training data [(x1,y1),,(xn,yn)][(x_1, y_1), \dots, (x_n, y_n)] into prescriptive methods taking optimal decisions specific to a particular covariate context X=xˉX=\bar x. Their prescriptive methods factor in additional observed contextual information on a potentially large number of covariates X=xˉX=\bar x to take context specific actions z(xˉ)z(\bar x) which are superior to any static decision zz. Any naive use of limited training data may, however, lead to gullible decisions over-calibrated to one particular data set. In this paper, we borrow ideas from distributionally robust optimization and the statistical bootstrap of Efron (1982) to propose two novel prescriptive methods based on (nw) Nadaraya-Watson and (nn) nearest-neighbors learning which safeguard against overfitting and lead to improved out-of-sample performance. Both resulting robust prescriptive methods reduce to tractable convex optimization problems and enjoy a limited disappointment on bootstrap data. We illustrate the data-driven decision-making framework and our novel robustness notion on a small news vendor problem as well as a small portfolio allocation problem

    The design research pyramid: a three layer framework

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    To support knowledge-based design development, considerable research has been conducted from various perspectives at different levels. The research on knowledge-based design support systems, generic design artefact and design process modelling, and the inherent quality of design knowledge itself are some examples of these perspectives. The structure underneath the research is not a disparate one but ordered. This paper provides an overview of some ontologies of design knowledge and a layered research framework of knowledge-based engineering design support. Three layers of research are clarified in this pattern: knowledge ontology, design knowledge model, and application. Specifically, the paper highlights ontologies of design knowledge by giving a set of classifications of design knowledge from different points of view. Within the discussion of design knowledge content ontology, two topologies, i.e., teleology and evolutionary, are identified
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