IEOR 130 Methods of Manufacturing Improvement Fall, 2017 Prof. Leachman Solutions to First Homework Assignment
|
|
- Bruno Hoover
- 5 years ago
- Views:
Transcription
1 IEOR 130 Methods of Maufacturg Improvemet Fall, 2017 Prof. Leachma Solutos to Frst Homework Assgmet 1. The scheduled output of a fab a partcular week was as follows: Product 1 1,000 uts Product 2 2,000 uts Product 3 20,000 uts Product 4 10,000 uts Product 5 5,000 uts The actual output the week was as follows: Product uts Product 2 1,900 uts Product 3 21,000 uts Product 4 1,000 uts Product 5 5,500 uts The LIPAS (le-tem performace agast schedule) s a o-tme delvery metrc defed as the fracto of tems wth scheduled output a tme perod whose output the perod meets or exceeds the scheduled output. What s the LIPAS score for that week? O tme delvery score s the fracto of products delvered o tme. For ths case, products 3 ad 5 are o tme, whle products 1, 2 ad 4 are ot. So the LIPAS score s 2/5 = The LIPAS metrc for o-tme delvery preseted class (ad also wdely used dustry) s the fracto of all product types that were delvered o tme. (A product type s cosdered otme f actual output equals or exceeds scheduled output.) Ths metrc s sestve to the amout of shortage of each product. Develop a ew metrc for o-tme delvery that reflects the amout of shortage for each product. The metrc should have the propertes that (1) a score of 1.0 meas all product types were o tme, (2) o credt s gve for excess producto of ay product type, but there s o pealty for excess producto, ether, ad (3) f the shortage of ay product creases whle shortages of all other products are held costat, the the metrc score decreases. Frst, cosder the case of o-tme delvery a sgle tme perod. Let d deote the scheduled output quatty of product. Let p deote the actual output quatty of product. The fracto of product delvered o tme s f = M { d, p } / d. 1
2 We could do a weghted average of the o tme delvery scores for all products to arrve at a otme delvery score for the factory. That s, OTD = { d f } / d, or, equvaletly, OTD = M { d, p } / d Note the umerator sums over the porto of actual producto that was demaded, ad the deomator sums over all demad. Next, we cosder the case of a stream of tme perods whch surplus perod t-1 ca be used to make up for shortfall perod t. Let d(t) deote the demad for product perod t ad let p(t) deote the actual output of product perod t. Let I(0) deote the vetory (shortage f egatve) at tme 0,.e., the start of perod 1. The fracto of product delvered o tme perod t s f ( t) M d ( t), p ( t) Max 0, I (0) d ( t) t1 p ( ) t1 1 1 d ( ), ad the o-tme delvery metrc becomes OTD(t) = { d(t) f(t) } / d(t). 3. A cotrol chart s beg set up to track the resstvty after the o mplatato process step. Fve sample measuremets are made from oe wafer per lot. The average of the measuremets ad the rage of the measuremets are computed. Oe hudred observatos from 20 lots have bee collected. The average mea s 97.5, ad the average rage of the wafer measuremets s (a) Assumg the process was stable durg processg of the 20 lots, determe three-sgma cotrol lmts for R ad X-bar charts. = 97.5, R = 5.21, = 5 = 5.21 / d2 = 5.21 / = 2.24 X-bar chart: UCL = (2.24)/5 0.5 = LCL = (2.24)/5 0.5 = 94.5 R-chart: 2
3 LCL = d3* R = 0 UCL = d4* R = 2.1(5.21) = (b) Suppose the mea of the resstvty shfts to What s the probablty that the X-bar chart wll make a Type 2 error the ext lot? (A Type-2 error meas the process s out of cotrol but the cotrol chart does ot detect ths.) Prob {94.5 X = 100} = Prob { ( )/{2.24/5 0.5 } Z ( )/{2.24/5 0.5 } } = Prob { Z } = (0.4992) - (-5.490) = ) = (c) What s the probablty the X-bar chart wll make Type 2 errors each of the ext fve lots? (0.6914) 5 = A process s motored usg a X-bar chart wth UCL = 13.8 ad LCL = 8.2. The process stadard devato s estmated to be 6.6. If the X-bar chart s based o three-sgma lmts, (a) What s the estmate of the process mea? UCL= / 0.5, LCL= / 0.5 = (UCL + LCL) / 2 = 11 (b) What s the sze of each of the samplg subgroups? UCL - LCL = 6* / = (6*6.6) / ( ) = = A R-chart s used to motor the varato the weghts of packages of chocolate chp cookes produced by a large atoal producer of baked goods. A aalyst has collected a basele of 200 observatos to costruct the chart. Suppose the computed value of R (the average value of the rage) s (a) If subgroups of sze sx are used, compute the value of three-sgma lmts for ths chart. R = 3.825, = 6 3
4 = / d2 = / = 1.51 LCL = d3* R = 0 UCL = d4* R = 2*3.825 = 7.65 (b) If a X-bar chart based o three-sgma lmts s used, what s the dfferece betwee the UCL ad the LCL? UCL= / 0.5, LCL= / 0.5 UCL - LCL = 6* / = At a partcular maufacturg step, the mportat parameter for process cotrol s the deposto thckess. Ths s measured at fve pots o a sgle wafer from each maufacturg lot passg through the step. The mea of ths parameter s 380 ad the stadard devato s 54. (a) Assumg the estmates of the process mea ad stadard devato are vald (.e., the process was statstcal cotrol durg the tme data was collected to compute them), specfy upper ad lower cotrol lmts for X-bar ad R charts. I X-bar chart: UCL = I R-chart: 3 = (54)/2.236 = , LCL = R = d2() = 2.326(54) = LCL = d3 * R = 0, UCL = d4 * R = 2.11(125.6) = = 380 3(54)/2.236 = (b) Suppose the process mea suddely shfts by 27. What s the probablty that there wll be Type II errors occurrg for both of the ext two maufacturg lots? Prob of Type II error frst lot gve the mea shfts by s k P X E(X ) k k P X E(X )
5 P X k k E(X ) P{ k Z k } ( k ) ( k ). I ths case, k = 3, = 0.5 ad = 5. Usg the table the back of the otes, we fd (1.882) (-4.118) = 0.97 The probablty of a Type II error both of the ext two lots s 2 = The thckess of a flm deposted o wafers at a partcular process step s subject to statstcal process cotrol. The thckess s measured at fve pots o oe wafer per lot. The upper cotrol lmt s 132 agstroms ad the lower cotrol lmt s 96 agstroms. (a) What kd of cotrol chart(s) should be used to track ths parameter? Assume the followg questos that ths kd of chart s use. X-bar ad R charts should be used. (b) What are the mea ad stadard devato of the flm thckess? = ( )/2 = 114 agstroms = 36 = 6 / 5 or = (c) What s the average rage of the fve measuremets? R = d2() = 2.326(13.42) = (d) Suppose the process mea suddely shfts upward by 10 agstroms. What s the probablty the mea shft wll NOT be detected the ext fve lots? (Assume the oly cotrol rule s ordary UCL ad LCL for sgle-lot measuremets.) Prob of Type II error frst lot gve the mea shfts by s k P X E(X ) k k P X E(X ) 5
6 P X k k E(X ) P{ k Z k } ( k ) ( k ). I ths case, k = 3, = 10/13.42 = ad = 5. Usg the table the back of the otes, we fd (1.334) (-4.666) = The probablty of a Type II error all of the ext fve lots s 5 = (e) Suppose the process mea does ot shft. What s the probablty of a false alarm the ext lot? Prob of Type I error frst lot s k P X E(X ) k 2P X E( X ) X 2P k E( X ) 2( k ) 2( 3) 2(0.0014) Recet data o rework the photolthography process at a partcular fab are as follows. Shft # # of wafers processed # of wafers reworked Durg whch shfts was photo rework statstcal cotrol? 6
7 Ths s a p-chart problem wth varyg subgroup szes, so we ca apply the stadardzed varate Z o each shft ( p s for these data): Z p p. p(1 p) The calculatos of p ad Z for the four shfts are as follows: Shft # p Z /500 = /650 = /550 = /600 = All shfts have a Z value lower tha 3. Assumg 0.49 s a good estmate of the log-ru mea rework rate, rework was statstcal cotrol durg all four shfts. 9. A cotrol chart s beg set up to track the umber of partcles deposted o wafers after etchg. Partcles are couted o oe blak wafer usg a wafer surface scag mache before processg each lot. Oe hudred observatos have bee collected. The sample mea umber of partcles per wafer s 25. The sample varace s (a) Determe three-sgma cotrol lmts for a approprate cotrol chart. What kd of chart s ths? Use a c-chart, mea = 25. UCL = *( ) = 40 LCL = 25-3*( ) = 10 (but LCL may be rrelevat ths case.) (b) Suppose the mea shfts to What s the probablty the cotrol chart wll make Type 2 errors both of the ext two lots? Prob. of oe Type 2 error = Prob.{10 c 40 = 30} = Prob. { (10-30) / Z (40-30) / } = Prob. { Z }= Prob.{Z } = The prob. of two Type 2 errors a row s (0.966) 2 =
8 (c) Suppose oe of the observatos from the sample was 45 partcles. Was ths pot statstcal cotrol? How should the cotrol lmts be modfed? Mea was observatos. But the observato of 45 s above UCL ad so t was ot statstcal cotrol. We should re-calculate the mea after dscardg ths pot. The ew mea s ( ) / 99 = The ew cotrol lmts are UCL = *( ) = 39.74, or 40 LCL = *( ) = 9.86, or 10 (but LCL may be rrelevat ths case) So we do t eed to chage the cotrol lmts. 8
CHAPTER - IV STANDARDIZED CUSUM MEDIAN CONTROL CHART
A Study o Process Varablty usg CUSUM ad Fuzzy Cotrol Charts Ph.D Thess CHAPTER - IV STANDARDIZED CUSUM MEDIAN CONTROL CHART. Itroducto: I motorg e process mea, e Mea ( X ) cotrol charts, ad cumulatve sum
More informationProbability and Statistical Methods. Chapter 8 Fundamental Sampling Distributions
Math 3 Probablty ad Statstcal Methods Chapter 8 Fudametal Samplg Dstrbutos Samplg Dstrbutos I the process of makg a ferece from a sample to a populato we usually calculate oe or more statstcs, such as
More informationProbability and Statistical Methods. Chapter 8 Fundamental Sampling Distributions
Math 3 Probablty ad Statstcal Methods Chapter 8 Fudametal Samplg Dstrbutos Samplg Dstrbutos I the process of makg a ferece from a sample to a populato we usually calculate oe or more statstcs, such as
More informationMathematics 1307 Sample Placement Examination
Mathematcs 1307 Sample Placemet Examato 1. The two les descrbed the followg equatos tersect at a pot. What s the value of x+y at ths pot of tersecto? 5x y = 9 x 2y = 4 A) 1/6 B) 1/3 C) 0 D) 1/3 E) 1/6
More informationChapter 4. More Interest Formulas
Chapter 4 More Iterest ormulas Uform Seres Compoud Iterest ormulas Why? May paymets are based o a uform paymet seres. e.g. automoble loas, house paymets, ad may other loas. 2 The Uform aymet Seres s 0
More informationChapter 4. More Interest Formulas
Chapter 4 More Iterest ormulas Uform Seres Compoud Iterest ormulas Why? May paymets are based o a uform paymet seres. e.g. automoble loas, house paymets, ad may other loas. 2 The Uform aymet Seres s 0
More information? Economical statistics
Probablty calculato ad statstcs Probablty calculato Mathematcal statstcs Appled statstcs? Ecoomcal statstcs populato statstcs medcal statstcs etc. Example: blood type Dstrbuto A AB B Elemetary evets: A,
More informationGene Expression Data Analysis (II) statistical issues in spotted arrays
STATC4 Sprg 005 Lecture Data ad fgures are from Wg Wog s computatoal bology course at Harvard Gee Expresso Data Aalyss (II) statstcal ssues spotted arrays Below shows part of a result fle from mage aalyss
More informationConsult the following resources to familiarize yourself with the issues involved in conducting surveys:
Cofdece Itervals Learg Objectves: After completo of ths module, the studet wll be able to costruct ad terpret cofdece tervals crtcally evaluate the outcomes of surveys terpret the marg of error the cotext
More information= 1. UCLA STAT 13 Introduction to Statistical Methods for the Life and Health Sciences. Parameters and Statistics. Measures of Centrality
UCLA STAT Itroducto to Statstcal Methods for the Lfe ad Health Sceces Istructor: Ivo Dov, Asst. Prof. of Statstcs ad Neurolog Teachg Assstats: Brad Shaata & Tffa Head Uverst of Calfora, Los Ageles, Fall
More informationOverview. Linear Models Connectionist and Statistical Language Processing. Numeric Prediction. Example
Overvew Lear Models Coectost ad Statstcal Laguage Processg Frak Keller keller@col.u-sb.de Computerlgustk Uverstät des Saarlades classfcato vs. umerc predcto lear regresso least square estmato evaluatg
More informationValuation of Asian Option
Mälardales Uversty västerås 202-0-22 Mathematcs ad physcs departmet Project aalytcal face I Valuato of Asa Opto Q A 90402-T077 Jgjg Guo89003-T07 Cotet. Asa opto------------------------------------------------------------------3
More informationGAUTENG DEPARTMENT OF EDUCATION SENIOR SECONDARY INTERVENTION PROGRAMME MATHEMATICS GRADE 12 SESSION 3 (LEARNER NOTES)
MATHEMATICS GRADE SESSION 3 (LEARNER NOTES) TOPIC 1: FINANCIAL MATHEMATICS (A) Learer Note: Ths sesso o Facal Mathematcs wll deal wth future ad preset value autes. A future value auty s a savgs pla for
More informationTypes of Sampling Plans. Types of Sampling Plans. Sampling Procedures. Probability Samples -Simple Random sample -Stratified sample -Cluster sample
Samplg Procedures Defe the Populato Idetfy the Samplg Frame Select a Samplg Procedure Determe the Sample Sze Select the Sample Elemets Collect the Data Types of Samplg Plas o-probablty Samples -Coveece
More informationDeriving & Understanding the Variance Formulas
Dervg & Uderstadg the Varace Formulas Ma H. Farrell BUS 400 August 28, 205 The purpose of ths hadout s to derve the varace formulas that we dscussed class ad show why take the form they do. I class we
More information- Inferential: methods using sample results to infer conclusions about a larger pop n.
Chapter 6 Def : Statstcs: are commoly kow as umercal facts. s a feld of dscple or study. I ths class, statstcs s the scece of collectg, aalyzg, ad drawg coclusos from data. The methods help descrbe ad
More informationA Test of Normality. Textbook Reference: Chapter 14.2 (eighth edition, pages 591 3; seventh edition, pages 624 6).
A Test of Normalty Textbook Referece: Chapter 4. (eghth edto, pages 59 ; seveth edto, pages 64 6). The calculato of p-values for hypothess testg typcally s based o the assumpto that the populato dstrbuto
More informationRandom Variables. Discrete Random Variables. Example of a random variable. We will look at: Nitrous Oxide Example. Nitrous Oxide Example
Radom Varables Dscrete Radom Varables Dr. Tom Ilveto BUAD 8 Radom Varables varables that assume umercal values assocated wth radom outcomes from a expermet Radom varables ca be: Dscrete Cotuous We wll
More informationSample Survey Design
Sample Survey Desg A Hypotetcal Exposure Scearo () Assume we kow te parameters of a worker s exposure dstrbuto of 8-our TWAs to a cemcal. As t appes, te worker as four dfferet types of days wt regard to
More information0.07 (12) i 1 1 (12) 12n. *Note that N is always the number of payments, not necessarily the number of years. Also, for
Chapter 3, Secto 2 1. (S13HW) Calculate the preset value for a auty that pays 500 at the ed of each year for 20 years. You are gve that the aual terest rate s 7%. 20 1 v 1 1.07 PV Qa Q 500 5297.01 0.07
More informationSCEA CERTIFICATION EXAM: PRACTICE QUESTIONS AND STUDY AID
SCEA CERTIFICATION EAM: PRACTICE QUESTIONS AND STUDY AID Lear Regresso Formulas Cheat Sheet You ma use the followg otes o lear regresso to work eam questos. Let be a depedet varable ad be a depedet varable
More informationIntegrating Mean and Median Charts for Monitoring an Outlier-Existing Process
Proceedgs of the Iteratoal MultCoferece of Egeers ad Computer Scetsts 8 Vol II IMECS 8 19-1 March 8 Hog Kog Itegratg Mea ad Meda Charts for Motorg a Outler-Exstg Process Lg Yag Suzae Pa ad Yuh-au Wag Abstract
More informationMEASURING THE FOREIGN EXCHANGE RISK LOSS OF THE BANK
Gabrel Bstrceau, It.J.Eco. es., 04, v53, 7 ISSN: 9658 MEASUING THE FOEIGN EXCHANGE ISK LOSS OF THE BANK Gabrel Bstrceau Ecoomst, Ph.D. Face Natoal Bak of omaa Bucharest, Moetary Polcy Departmet, 5 Lpsca
More information1036: Probability & Statistics
036: Probablty & Statstcs Lecture 9 Oe- ad Two-Sample Estmato Problems Prob. & Stat. Lecture09 - oe-/two-sample estmato cwlu@tws.ee.ctu.edu.tw 9- Statstcal Iferece Estmato to estmate the populato parameters
More informationTOPIC 7 ANALYSING WEIGHTED DATA
TOPIC 7 ANALYSING WEIGHTED DATA You do t have to eat the whole ox to kow that the meat s tough. Samuel Johso Itroducto dfferet aalyss for sample data Up utl ow, all of the aalyss techques have oly dealt
More informationForecasting the Movement of Share Market Price using Fuzzy Time Series
Iteratoal Joural of Fuzzy Mathematcs ad Systems. Volume 1, Number 1 (2011), pp. 73-79 Research Ida Publcatos http://www.rpublcato.com Forecastg the Movemet of Share Market Prce usg Fuzzy Tme Seres B.P.
More informationMay 2005 Exam Solutions
May 005 Exam Soluto 1 E Chapter 6, Level Autes The preset value of a auty-mmedate s: a s (1 ) v s By specto, the expresso above s ot equal to the expresso Choce E. Soluto C Chapter 1, Skg Fud The terest
More informationAccounting 303 Exam 2, Chapters 4, 6, and 18A Fall 2014
Accoutg 303 Exam 2, Chapters 4, 6, ad 18A Fall 2014 Name Row I. Multple Choce Questos. (2 pots each, 34 pots total) Read each questo carefully ad dcate your aswer by crclg the letter precedg the oe best
More informationMonetary fee for renting or loaning money.
Ecoomcs Notes The follow otes are used for the ecoomcs porto of Seor Des. The materal ad examples are extracted from Eeer Ecoomc alyss 6 th Edto by Doald. Newa, Eeer ress. Notato Iterest rate per perod.
More informationMath 373 Fall 2013 Homework Chapter 4
Math 373 Fall 2013 Hoework Chapter 4 Chapter 4 Secto 5 1. (S09Q3)A 30 year auty edate pays 50 each quarter of the frst year. It pays 100 each quarter of the secod year. The payets cotue to crease aually
More informationThe Consumer Price Index for All Urban Consumers (Inflation Rate)
The Cosumer Prce Idex for All Urba Cosumers (Iflato Rate) Itroducto: The Cosumer Prce Idex (CPI) s the measure of the average prce chage of goods ad servces cosumed by Iraa households. Ths measure, as
More informationSolutions to Problems
Solutos to Problems ( Pt Pt + Ct) P5-. LG : Rate of retur: rt Pt Basc ($,000 $0,000 + $,500) a. Ivestmet X: Retur.50% $0,000 Ivestmet Y: Retur ($55,000 $55,000 + $6,800).36% $55,000 b. Ivestmet X should
More information6. Loss systems. ELEC-C7210 Modeling and analysis of communication networks 1
ELEC-C72 Modelg ad aalyss of commucato etwors Cotets Refresher: Smple teletraffc model Posso model customers, servers Applcato to flow level modellg of streamg data traffc Erlag model customers, ; servers
More informationOptimal Reliability Allocation
Optmal Relablty Allocato Yashwat K. Malaya malaya@cs.colostate.edu Departmet of Computer Scece Colorado State Uversty Relablty Allocato Problem Allocato the relablty values to subsystems to mmze the total
More informationAccounting 303 Exam 2, Chapters 5, 6, 7 Fall 2015
Accoutg 303 Exam 2, Chapters 5, 6, 7 Fall 2015 Name Row I. Multple Choce Questos. (2 pots each, 30 pots total) Read each questo carefully ad dcate your aswer by crclg the letter precedg the oe best aswer.
More informationLecture 9 February 21
Math 239: Dscrete Mathematcs for the Lfe Sceces Sprg 2008 Lecture 9 February 21 Lecturer: Lor Pachter Scrbe/ Edtor: Sudeep Juvekar/ Alle Che 9.1 What s a Algmet? I ths lecture, we wll defe dfferet types
More informationMeasures of Dispersion
Chapter IV Meaure of Dpero R. 4.. The meaure of locato cate the geeral magtue of the ata a locate oly the cetre of a trbuto. They o ot etablh the egree of varablty or the prea out or catter of the vual
More information0.07. i PV Qa Q Q i n. Chapter 3, Section 2
Chapter 3, Secto 2 1. (S13HW) Calculate the preset value for a auty that pays 500 at the ed of each year for 20 years. You are gve that the aual terest rate s 7%. 20 1 v 1 1.07 PV Qa Q 500 5297.01 0.07
More informationOnline Encoding Algorithm for Infinite Set
Ole Ecodg Algorthm for Ifte Set Natthapo Puthog, Athast Surarers ELITE (Egeerg Laboratory Theoretcal Eumerable System) Departmet of Computer Egeerg Faculty of Egeerg, Chulalogor Uversty, Pathumwa, Bago,
More informationCREDIT MANAGEMENT 3 - (SWC) CRM33B3 FINAL ASSESSMENT OPPORTUNITY. Date of examination: 5 NOVEMBER 2015
Departmet of Commercal Accoutg CREDIT MANAGEMENT 3 - (SWC) CRM33B3 FINAL ASSESSMENT OPPORTUNITY Date of examato: 5 NOVEMBER 05 Tme: 3 hours Marks: 00 Assessor: Iteral Moderator: Exteral Moderator: Fred
More informationThe Application of Asset Pricing to Portfolio Management
Clemso Ecoomcs The Applcato of Asset Prcg to Portfolo Maagemet The Nature of the Problem Portfolo maagers have two basc problems. Frst they must determe whch assets to hold a portfolo, ad secod, they must
More informationActuarial principles of the cotton insurance in Uzbekistan
Actuaral prcples of the cotto surace Uzeksta Topc : Rsk evaluato Shamsuddov Bakhodr The Tashket rach of Russa ecoomc academy, the departmet of hgher mathematcs ad formato techology 763, Uzekstasky street
More informationFINANCIAL MATHEMATICS GRADE 11
FINANCIAL MATHEMATICS GRADE P Prcpal aout. Ths s the orgal aout borrowed or vested. A Accuulated aout. Ths s the total aout of oey pad after a perod of years. It cludes the orgal aout P plus the terest.
More informationInferential: methods using sample results to infer conclusions about a larger population.
Chapter 1 Def : Statstcs: 1) are commoly kow as umercal facts ) s a feld of dscple or study Here, statstcs s about varato. 3 ma aspects of statstcs: 1) Desg ( Thk ): Plag how to obta data to aswer questos.
More informationPoverty indices. P(k;z; α ) = P(k;z; α ) /(z) α. If you wish to compute the FGT index of poverty, follow these steps:
Poverty dces DAD offers four possbltes for fxg the poverty le: - A determstc poverty le set by the user. 2- A poverty le equal to a proporto l of the mea. 3- A poverty le equal to a proporto m of a quatle
More informationAccounting 303 Exam 2, Chapters 4, 5, 6 Fall 2016
Accoutg 303 Exam 2, Chapters 4, 5, 6 Fall 2016 Name Row I. Multple Choce Questos. (2 pots each, 24 pots total) Read each questo carefully ad dcate your aswer by crclg the letter precedg the oe best aswer.
More informationFINANCIAL MATHEMATICS : GRADE 12
FINANCIAL MATHEMATICS : GRADE 12 Topcs: 1 Smple Iterest/decay 2 Compoud Iterest/decay 3 Covertg betwee omal ad effectve 4 Autes 4.1 Future Value 4.2 Preset Value 5 Skg Fuds 6 Loa Repaymets: 6.1 Repaymets
More informationApplication of Portfolio Theory to Support Resource Allocation Decisions for Biosecurity
Applcato of Portfolo Theory to Support Resource Allocato Decsos for Bosecurty Paul Mwebaze Ecoomst 11 September 2013 CES/BIOSECURITY FLAGSHIP Presetato outle The resource allocato problem What ca ecoomcs
More informationSTATIC GAMES OF INCOMPLETE INFORMATION
ECON 10/410 Decsos, Markets ad Icetves Lecture otes.11.05 Nls-Herk vo der Fehr SAIC GAMES OF INCOMPLEE INFORMAION Itroducto Complete formato: payoff fuctos are commo kowledge Icomplete formato: at least
More informationVariance Covariance (Delta Normal) Approach of VaR Models: An Example From Istanbul Stock Exchange
ISSN 2222-697 (Paper) ISSN 2222-2847 (Ole) Vol.7, No.3, 206 Varace Covarace (Delta Normal) Approach of VaR Models: A Example From Istabul Stock Exchage Dr. Ihsa Kulal Iformato ad Commucato Techologes Authorty,
More informationAlgorithm Analysis. x is a member of the set P x is not a member of the set P The null or empty set. Cardinality: the number of members
Algorthm Aalyss Mathematcal Prelmares: Sets ad Relatos: A set s a collecto of dstgushable members or elemets. The members are usually draw from some larger collecto called the base type. Each member of
More informationThe Prediction Error of Bornhuetter-Ferguson
The Predcto Error of Borhuetter-Ferguso Thomas Mac Abstract: Together wth the Cha Ladder (CL method, the Borhuetter-Ferguso ( method s oe of the most popular clams reservg methods. Whereas a formula for
More informationThe Firm. The Firm. Maximizing Profits. Decisions. ECON 370: Microeconomic Theory Summer 2004 Rice University Stanley Gilbert
The Frm The Frm ECON 370: Mcroecoomc Theory Summer 004 Rce Uversty Staley Glbert A Frm s a mechasm for covertg labor, captal ad raw materals to desrable goods A frm s owed by cosumers ad operated for the
More informationIEOR 130 Fall, 2017, Prof. Leachman Solutions to Homework #2
IEOR 130 Fall, 017, Prof. Leachman Solutions to Homework # 1. Speedy Micro Devices Co. (SMD) fabricates microprocessor chips. SMD sells the microprocessor in three speeds: 300 megahertz ("Bin 1"), 33 megahertz
More informationScienceDirect. Verification of Software Applications for Evaluating Interlaboratory Comparison Results
Avalable ole at www.scecedrect.com SceceDrect Proceda Egeerg 69 ( 2014 ) 263 272 24th DAAAM Iteratoal Symposum o Itellget Maufacturg ad Automato, 2013 Verfcato of Software Applcatos for Evaluatg Iterlaboratory
More informationAllocating Risk Dollars Back to Individual Cost Elements
Allocatg Rsk Dollars Back to Idvdual Cost Elemets Stephe A. Book Chef Techcal Offcer MCR, LLC sbook@mcr.com (0) 60-0005 x 0th Aual DoD Cost Aalyss Symposum Wllamsburg VA -6 February 007 007 MCR, LLC Approved
More informationLinear regression II
CS 75 Mache Learg Lecture 9 Lear regresso II Mlos Hauskrecht mlos@cs.ptt.eu 539 Seott Square Lear regresso Fucto f : X Y Y s a lear combato of put compoets f ( w w w w w w, w, w k - parameters (weghts
More informationCHAPTER 8. r E( r ) m e. Reduces the number of inputs for diversification. Easier for security analysts to specialize
CHATE 8 Idex odels cgra-hll/ir Copyrght 0 by The cgra-hll Compaes, Ic. All rghts reserved. 8- Advatages of the Sgle Idex odel educes the umber of puts for dversfcato Easer for securty aalysts to specalze
More informationON MAXIMAL IDEAL OF SKEW POLYNOMIAL RINGS OVER A DEDEKIND DOMAIN
Far East Joural of Mathematcal Sceces (FJMS) Volume, Number, 013, Pages Avalable ole at http://pphmj.com/jourals/fjms.htm Publshed by Pushpa Publshg House, Allahabad, INDIA ON MAXIMAL IDEAL OF SKEW POLYNOMIAL
More informationA Hierarchical Multistage Interconnection Network
A Herarchcal Multstage Itercoecto Networ Mohtar Aboelaze Dept. of Computer Scece Yor Uversty Toroto, ON. CANADA M3J P3 aboelaze@cs.yoru.ca Kashf Al Dept. of Computer Scece Yor Uversty Toroto, ON. CANADA
More informationThe Complexity of General Equilibrium
Prof. Ja Bhattachara Eco --Sprg 200 Welfare Propertes of Market Outcomes Last tme, we covered equlbrum oe market partal equlbrum. We foud that uder perfect competto, the equlbrum prce ad quatt mamzed the
More informationMeasuring Restrictiveness of Agricultural Trade Policies in Iran
World Appled Sceces Joural 19 (3): 34-39, 01 ISSN 1818-495; IDOSI Publcatos, 01 DOI: 10.589/dos.wasj.01.19.03.1006 Measurg Restrctveess of Agrcultural Trade Polces Ira 1 1 Ghasem Norouz, Reza Moghaddas
More information8.0% E(R) 6.0% Lend. Borrow 4.0% 2.0% rf rf 0.0% 0.0% 1.0% 2.0% 3.0% 4.0% STD(R) E(R) Long A and Short B. Long A and Long B. Short A and Long B
F8000 Valuato of Facal ssets Sprg Semester 00 Dr. Isabel Tkatch ssstat Professor of Face Ivestmet Strateges Ledg vs. orrowg rsk-free asset) Ledg: a postve proporto s vested the rsk-free asset cash outflow
More information7. Loss systems. Contents
lect7.ppt S-38.45 - Itroducto to Teletrffc Theory - Fll 999 Cotets Refresher: Smple teletrffc system Posso model customers, servers Erlg model customers, < servers Boml model < customers, servers Egset
More informationConfidence Intervals. CI for a population mean (σ is known and n > 30 or the variable is normally distributed in the.
Cofidece Itervals A cofidece iterval is a iterval whose purpose is to estimate a parameter (a umber that could, i theory, be calculated from the populatio, if measuremets were available for the whole populatio).
More informationCS 840 Fall 2018 Self-Organizing Binary Search Trees: Unit 3
S 840 Fall 2018 Self-Orgag ar Search Trees: Ut 3 The sae questos ca be asked bar search trees. Gve a sequece of access queres, what s the best wa to orgae the search tree [referece: ore Leserso, Rvest
More informationAlternatives to Shewhart Charts
Alternatves to Shewhart Charts CUSUM & EWMA S Wongsa Overvew Revstng Shewhart Control Charts Cumulatve Sum (CUSUM) Control Chart Eponentally Weghted Movng Average (EWMA) Control Chart 2 Revstng Shewhart
More informationAPPENDIX M: NOTES ON MOMENTS
APPENDIX M: NOTES ON MOMENTS Every stats textbook covers the propertes of the mea ad varace great detal, but the hgher momets are ofte eglected. Ths s ufortuate, because they are ofte of mportat real-world
More informationStatistics for Journalism
Statstcs for Jouralsm Fal Eam Studet: Group: Date: Mark the correct aswer wth a X below for each part of Questo 1. Questo 1 a) 1 b) 1 c) 1 d) 1 e) Correct aswer v 1. a) The followg table shows formato
More informationQuantitative Portfolio Theory & Performance Analysis
550.447 Quattatve Portfolo heory & Performace Aalyss Week February 11, 2013 Cocepts (fsh-up) Basc Elemets of Moder Portfolo heory Assgmet For Feb 11 (hs Week) ead: A&L, Chapter 2 ( Cocepts) ead: A&L, Chapter
More informationA Quantitative Risk Optimization of Markowitz Model An Empirical Investigation on Swedish Large Cap List
Departmet of Mathematcs ad Physcs MASTER THESIS IN MATHEMATICS/ APPLIED MATHEMATICS A Quattatve Rsk Optmzato of Markowtz Model A Emprcal Ivestgato o Swedsh Large Cap Lst by Amr Kherollah Olver Bjärbo Magsterarbete
More informationPortfolio Optimization: MAD vs. Markowitz
Rose-Hulma Udergraduate Mathematcs Joural Volume 6 Issue 2 Artcle 3 Portfolo Optmzato: MAD vs. Markowtz Beth Bower College of Wllam ad Mary, bebowe@wm.edu Pamela Wetz Mllersvlle Uversty, pamela037@hotmal.com
More informationRobust Statistical Analysis of Long-Term Performance For Sharia-Compliant Companies in Malaysia Stock Exchange
Iteratoal Joural of Maagemet Scece ad Busess Admstrato Volume 3, Issue 3, March 07, Pages 49-66 DOI: 0.8775/jmsba.849-5664-549.04.33.006 URL: http://dx.do.org/0.8775/jmsba.849-5664-549.04.33.006 Robust
More informationSorting. Data Structures LECTURE 4. Comparison-based sorting. Sorting algorithms. Quick-Sort. Example (1) Pivot
Data Structures, Sprg 004. Joskowcz Data Structures ECUE 4 Comparso-based sortg Why sortg? Formal aalyss of Quck-Sort Comparso sortg: lower boud Summary of comparso-sortg algorthms Sortg Defto Iput: A
More informationCS 1675 Intro to Machine Learning Lecture 9. Linear regression. Supervised learning. a set of n examples
CS 675 Itro to Mache Learg Lecture 9 Lear regresso Mlos Hauskrecht mlos@cs.ptt.eu 59 Seott Square Supervse learg Data: D { D D.. D} a set of eamples D s a put vector of sze s the esre output gve b a teacher
More informationMOMENTS EQUALITIES FOR NONNEGATIVE INTEGER-VALUED RANDOM VARIABLES
MOMENTS EQUALITIES FOR NONNEGATIVE INTEGER-VALUED RANDOM VARIABLES MOHAMED I RIFFI ASSOCIATE PROFESSOR OF MATHEMATICS DEPARTMENT OF MATHEMATICS ISLAMIC UNIVERSITY OF GAZA GAZA, PALESTINE Abstract. We preset
More informationTwo Approaches for Log-Compression Parameter Estimation: Comparative Study*
SERBAN JOURNAL OF ELECTRCAL ENGNEERNG Vol. 6, No. 3, December 009, 419-45 UDK: 61.391:61.386 Two Approaches for Log-Compresso Parameter Estmato: Comparatve Study* Mlorad Paskaš 1 Abstract: Stadard ultrasoud
More informationPORTFOLIO OPTIMIZATION IN THE FRAMEWORK MEAN VARIANCE -VAR
Lecturer Floret SERBAN, PhD Professor Vorca STEFANESCU, PhD Departmet of Mathematcs The Bucharest Academy of Ecoomc Studes Professor Massmlao FERRARA, PhD Departmet of Mathematcs Uversty of Reggo Calabra,
More informationDepartment of Mathematics, S.R.K.R. Engineering College, Bhimavaram, A.P., India 2
Skewess Corrected Cotrol charts for two Iverted Models R. Subba Rao* 1, Pushpa Latha Mamidi 2, M.S. Ravi Kumar 3 1 Departmet of Mathematics, S.R.K.R. Egieerig College, Bhimavaram, A.P., Idia 2 Departmet
More informationChapter 8. Confidence Interval Estimation. Copyright 2015, 2012, 2009 Pearson Education, Inc. Chapter 8, Slide 1
Chapter 8 Cofidece Iterval Estimatio Copyright 2015, 2012, 2009 Pearso Educatio, Ic. Chapter 8, Slide 1 Learig Objectives I this chapter, you lear: To costruct ad iterpret cofidece iterval estimates for
More informationSEARCH FOR A NEW CONCEPTUAL BOOKKEEPING MODEL: Anne-Marie Vousten-Sweere and Willem van Groenendaal 1. November 1999
SEARCH FOR A NEW CONCEPTUAL BOOKKEEPING MODEL: DIFFERENT LEVELS OF ABSTRACTION Ae-Mare Vouste-Sweere ad Wllem va Groeedaal November 999 Abstract Nowadays, every bookkeepg system used practce s automated.
More information(i) IR Swap = Long floating rate note + Short fixed rate note. Cash flow at time t i = M [(r i-1 -R]Δt
Solvay Busess School Uversté Lbre de Bruxelles Swaps Adré arber Revsed September 2005 Iterest rate swap Perodc paymets (=, 2,..,) at tme t+δt, t+2δt,..t+δt,..,t= t+δt Tme of paymet : t = t + Δt Log posto:
More informationTopic-7. Large Sample Estimation
Topic-7 Large Sample Estimatio TYPES OF INFERENCE Ò Estimatio: É Estimatig or predictig the value of the parameter É What is (are) the most likely values of m or p? Ò Hypothesis Testig: É Decidig about
More informationCOSC 6385 Computer Architecture. Performance Measurement
COSC 6385 Computer Archtecture Performace Measuremet Edgar Gabrel Sprg 204 Measurg performace (I) Respose tme: how log does t take to execute a certa applcato/a certa amout of work Gve two platforms X
More informationb. (6 pts) State the simple linear regression models for these two regressions: Y regressed on X, and Z regressed on X.
Mat 46 Exam Sprg 9 Mara Frazer Name SOLUTIONS Solve all problems, ad be careful ot to sped too muc tme o a partcular problem. All ecessary SAS fles are our usual folder (P:\data\mat\Frazer\Regresso). You
More informationToday: Finish Chapter 9 (Sections 9.6 to 9.8 and 9.9 Lesson 3)
Today: Fiish Chapter 9 (Sectios 9.6 to 9.8 ad 9.9 Lesso 3) ANNOUNCEMENTS: Quiz #7 begis after class today, eds Moday at 3pm. Quiz #8 will begi ext Friday ad ed at 10am Moday (day of fial). There will be
More informationData Mining Linear and Logistic Regression
07/02/207 Data Mnng Lnear and Logstc Regresson Mchael L of 26 Regresson In statstcal modellng, regresson analyss s a statstcal process for estmatng the relatonshps among varables. Regresson models are
More informationThe Valuation of the Catastrophe Equity Puts with Jump Risks
The Valuatio of the Catastrophe Equity Puts with Jump Risks Shih-Kuei Li Natioal Uiversity of Kaohsiug Joit work with Chia-Chie Chag Outlie Catastrophe Isurace Products Literatures ad Motivatios Jump Risk
More informationNon-life insurance mathematics. Nils F. Haavardsson, University of Oslo and DNB Skadeforsikring
No-lfe surace mathematcs Nls F. Haavardsso, Uversty of Oslo ad DNB Skadeforskrg Repetto clam se The cocept No parametrc modellg Scale famles of dstrbutos Fttg a scale famly Shfted dstrbutos Skewess No
More informationSupplemental notes for topic 9: April 4, 6
Sta-30: Probablty Sprg 017 Supplemetal otes for topc 9: Aprl 4, 6 9.1 Polyomal equaltes Theorem (Jese. If φ s a covex fucto the φ(ex Eφ(x. Theorem (Beaymé-Chebyshev. For ay radom varable x, ɛ > 0 P( x
More informationReview. Statistics and Quantitative Analysis U4320. Review: Sampling. Review: Sampling (cont.) Population and Sample Estimates:
Stattc ad Quattatve Aaly U430 Segmet 6: Cofdece Iterval Prof. Shary O Hallora URL: http://www.columba.edu/tc/pa/u430y-003/ Revew Populato ad Sample Etmate: Populato Sample N X X Mea = = µ = X = N Varace
More informationMean-Semivariance Optimization: A Heuristic Approach
Mea-Semvarace Optmzato: A Heurstc Approach Javer Estrada IESE Busess School, Aveda Pearso 1, 08034 Barceloa, Spa Tel: +34 93 53 400, Fax: +34 93 53 4343, Emal: jestrada@ese.edu Abstract Academcs ad practtoers
More informationInferential Statistics and Probability a Holistic Approach. Inference Process. Inference Process. Chapter 8 Slides. Maurice Geraghty,
Iferetial Statistics ad Probability a Holistic Approach Chapter 8 Poit Estimatio ad Cofidece Itervals This Course Material by Maurice Geraghty is licesed uder a Creative Commos Attributio-ShareAlike 4.0
More informationACTUARIAL RESEARCH CLEARING HOUSE 1990 VOL. 2 INTEREST, AMORTIZATION AND SIMPLICITY. by Thomas M. Zavist, A.S.A.
ACTUARIAL RESEARCH CLEARING HOUSE 1990 VOL. INTEREST, AMORTIZATION AND SIMPLICITY by Thomas M. Zavist, A.S.A. 37 Iterest m Amortizatio ad Simplicity Cosider simple iterest for a momet. Suppose you have
More informationSurvey of Math Test #3 Practice Questions Page 1 of 5
Test #3 Practce Questons Page 1 of 5 You wll be able to use a calculator, and wll have to use one to answer some questons. Informaton Provded on Test: Smple Interest: Compound Interest: Deprecaton: A =
More informationATutorialonParticleFilteringandSmoothing: Fifteen years later
ATutoraloPartcleFltergadSmoothg: Fftee years later Araud Doucet The Isttute of Statstcal Mathematcs, 4-6-7 Mam-Azabu, Mato-ku, Tokyo 06-8569, Japa Emal: Araud@smacjp Adam M Johase Departmet of Statstcs,
More informationScheduling of a Paper Mill Process Considering Environment and Cost
Schedulg of a Paper Mll Process Cosderg Evromet ad Cost M Park, Dogwoo Km, yog Km ad l Moo Departmet of Chemcal Egeerg, Yose Uversty, 34 Shchodog Seodaemooku, Seoul, 0-749, Korea Phoe: +8--363-9375 Emal:
More informationTests for Two Correlations
PASS Sample Sze Software Chapter 805 Tests for Two Correlatons Introducton The correlaton coeffcent (or correlaton), ρ, s a popular parameter for descrbng the strength of the assocaton between two varables.
More informationA random variable is a variable whose value is a numerical outcome of a random phenomenon.
The Practice of Statistics, d ed ates, Moore, ad Stares Itroductio We are ofte more iterested i the umber of times a give outcome ca occur tha i the possible outcomes themselves For example, if we toss
More informationUncertainties in building acoustics
Ucertates buldg acoustcs Volker Phskalsch-Techsche Budesastalt, 388 Brauschweg, Budesallee 00, Germa, {volker.wttstock@ptb.de}, The ucertates assocated wth the arbore soud sulato are vestgated. Startg
More information