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1 – 10 of 688Seamus M. McGovern and Surendra M. Gupta
Disassembly takes place in remanufacturing, recycling, and disposal, with a line being the best choice for automation. The disassembly line balancing problem seeks a sequence that…
Abstract
Disassembly takes place in remanufacturing, recycling, and disposal, with a line being the best choice for automation. The disassembly line balancing problem seeks a sequence that is feasible, minimizes the number of workstations, and ensures similar idle times, as well as other end-of-life specific concerns. Finding the optimal balance is computationally intensive due to exponential growth. Combinatorial optimization methods hold promise for providing solutions to the problem, which is proven here to be NP-hard. Stochastic (genetic algorithm) and deterministic (greedy/hill-climbing hybrid heuristic) methods are presented and compared. Numerical results are obtained using a recent electronic product case study.
Glenn W. Harrison and E. Elisabet Rutström
We review the experimental evidence on risk aversion in controlled laboratory settings. We review the strengths and weaknesses of alternative elicitation procedures, the strengths…
Abstract
We review the experimental evidence on risk aversion in controlled laboratory settings. We review the strengths and weaknesses of alternative elicitation procedures, the strengths and weaknesses of alternative estimation procedures, and finally the effect of controlling for risk attitudes on inferences in experiments.
This chapter has been seminal work of Dr K.S.S. Iyer, which has taken time to develop, for over the last 56 years to be presented here. The method in advance predictive analytics…
Abstract
This chapter has been seminal work of Dr K.S.S. Iyer, which has taken time to develop, for over the last 56 years to be presented here. The method in advance predictive analytics has developed, from his several other applications, in predictive modeling by using the stochastic point process technique. In the chapter on advance predictive analytics, Dr Iyer is collecting his approaches and generalizing it in this chapter. In this chapter, two of the techniques of stochastic point process known as Product Density and Random point process used in modelling problems in High energy particles and cancer, are redefined to suit problems currently in demand in IoT and customer equity in marketing (Iyer, Patil, & Chetlapalli, 2014b). This formulation arises from these techniques being used in different fields like energy requirement in Internet of Things (IoT) devices, growth of cancer cells, cosmic rays’ study, to customer equity and many more approaches.
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Eiichi Taniguchi, Russell G Thompson, Tadashi Yamada and Ron Van Duin
Steffen Andersen, Glenn W. Harrison, Morten I. Lau and E. Elisabet Rutström
We review the use of behavior from television game shows to infer risk attitudes. These shows provide evidence when contestants are making decisions over very large stakes, and in…
Abstract
We review the use of behavior from television game shows to infer risk attitudes. These shows provide evidence when contestants are making decisions over very large stakes, and in a replicated, structured way. Inferences are generally confounded by the subjective assessment of skill in some games, and the dynamic nature of the task in most games. We consider the game shows Card Sharks, Jeopardy!, Lingo, and finally Deal Or No Deal. We provide a detailed case study of the analyses of Deal Or No Deal, since it is suitable for inference about risk attitudes and has attracted considerable attention.
Colin Dingler, Alina A. von Davier and Jiangang Hao
Increased interest in team dynamics has resulted in new methods for measuring teamwork over time. The primary purpose of this chapter is to provide a survey of recent developments…
Abstract
Purpose
Increased interest in team dynamics has resulted in new methods for measuring teamwork over time. The primary purpose of this chapter is to provide a survey of recent developments in teamwork/collaboration measurement in an educational context. Key topics include conceptual frameworks, large-scale assessments, and innovative measurement techniques.
Methodology/approach
A range of methods for collecting and analyzing teamwork data are discussed, and five frameworks for measuring collaborative problem solving (CPS) over time are compared. Frameworks from Programme for International Student Assessment (PISA), Assessment and Teaching of 21st Century Skills (ATC21S) project, Educational Testing Service (ETS), ACT, and von Davier and Halpin (2013) are discussed. Results of assessments developed from these frameworks are also considered.
Social/practical implications
New techniques for measuring team dynamics over time have great potential to improve education and work outcomes. Preliminary results of the assessments developed from these frameworks show that important advances in teamwork measurement have been enabled by innovative task designs, data-mining techniques, and novel applications of stochastic models.
Originality/value
This novel overview and comparison of interdisciplinary approaches will help to indicate where progress has been made and what challenges are ahead.
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Choice under risk has a large stochastic (unpredictable) component. This chapter examines five stochastic models for binary discrete choice under risk and how they combine with…
Abstract
Choice under risk has a large stochastic (unpredictable) component. This chapter examines five stochastic models for binary discrete choice under risk and how they combine with “structural” theories of choice under risk. Stochastic models are substantive theoretical hypotheses that are frequently testable in and of themselves, and also identifying restrictions for hypothesis tests, estimation and prediction. Econometric comparisons suggest that for the purpose of prediction (as opposed to explanation), choices of stochastic models may be far more consequential than choices of structures such as expected utility or rank-dependent utility.
Can B. Kalayci and Surendra M. Gupta
Disturbing increase in the use of virgin resources to produce new products has threatened the environment. Many countries have reacted to this situation through regulations which…
Abstract
Disturbing increase in the use of virgin resources to produce new products has threatened the environment. Many countries have reacted to this situation through regulations which aim to eliminate negative impact of products on the environment shaping the concept of environmentally conscious manufacturing and product recovery (ECMPRO). The first crucial and the most time-consuming step of product recovery is disassembly. The best productivity rate is achieved via a disassembly line in an automated disassembly process. In this chapter, we consider a sequence-dependent disassembly line balancing problem (SDDLBP) with multiple objectives that is concerned with the assignment of disassembly tasks to a set of ordered disassembly workstations while satisfying the disassembly precedence constraints and optimizing the effectiveness of several measures considering sequence-dependent time increments among disassembly tasks. Due to the high complexity of the SDDLBP, there is currently no known way to optimally solve even moderately sized instances of the problem. Therefore, an efficient methodology based on the simulated annealing (SA) is proposed to solve the SDDLBP. Case scenarios are considered and comparisons with ant colony optimization (ACO), particle swarm optimization (PSO), river formation dynamics (RFD), and tabu search (TS) approaches are provided to demonstrate the superior functionality of the proposed algorithm.
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One crucial but sometimes overlooked fact regarding the difference between observation in the cross-section and observation over time must be stated before proceeding further…
Abstract
One crucial but sometimes overlooked fact regarding the difference between observation in the cross-section and observation over time must be stated before proceeding further. Tempting though it is to draw conclusions about the dynamics of a process from cross-sectional observations taken as a snapshot of that process, it is a fallacious practice except under a very precise condition that is highly unlikely to obtain in processes of interest to the social scientist. That condition is known as ergodicity.