Pricing service maintenance contracts using predictive analytics

Predictive Analytics

In today's economic climate where budget reductions are common, executives are under pressure to deliver profitable growth. Business leaders must identify and implement the critical items that will enable the enterprise to remain competitive. Methods and techniques long utilized in the actuarial department are being leveraged to improve many areas of the insurance operation. Will these methods ...

Asset pricing under optimal contracts

We consider the problem of finding equilibrium asset prices in a financial market in which a portfolio manager (Agent) invests on behalf of an investor (Principal), who compensates the manager with an optimal contract. We extend a model from Buffa, Vayanos and Woolley (2014), BVW (2014), by allowing general contracts. We find that the optimal contract rewards Agent for taking specific risk of i...

Cooperative Service Robots for the Predictive Maintenance of Process Plants

In this contribution we outline a new project in the field of service robotics. The goal is to develop teams of mobile robots that perform routine inspection, health monitoring, and early fault detection in large chemical process plants or in public utility networks. We envisage a general-purpose assistant for the maintenance engineer to collect, compress and screen large amounts of inspection ...

Predictive Analytics in Forecasting

Social Media Predictive Analytics

The recent explosion of social media services like Twitter, Google+ and Facebook has led to an interest in social media predictive analytics – automatically inferring hidden information from the large amounts of freely available content. It has a number of applications, including: online targeted advertising, personalized marketing, large-scale passive polling and real-time live polling, person...