Bayesian exchangeability, benefit transfer, and research efficiency

Bayesian Exchangeability, Benefit Transfer, and Research Efficiency

Benefit Transfer: A Hierarchical Bayesian Approach

Benefit transfer is a collection of methods widely used in costbenefit analysis and policy analysis to assess environmental values in contexts where original valuation work is deemed too expensive and/or too time-consuming. The essence of benefit transfer is conditional or unconditional prediction of environmental values in a new context. This paper proposes a hierarchical Bayesian method for b...

Cross-Context Benefit Transfer: A Bayesian Search for Information Pools

Passenger Transfer Efficiency Optimization Modelling Research with Simulations

An integrated optimization model is newly developed in this research to improve passenger transfer efficiency of an urban rail station by minimizing average waiting time of transfers in this station with rationalizing the arrival and departure time of trains in view of transfer passenger flows and their feeder services. Corresponding algorithm is also designed to search for the optimal solution...

Exchangeability and regression models

Sir David Cox’s statistical career and his lifelong interest in the theory and application of stochastic processes began with problems in the wool industry. The problem of drafting a strand of wool yarn to near uniform width is not an auspicious starting point, but an impressive array of temporal and spectral methods from stationary time series were brought to bear on the problem in Cox (1949)....