A screening instrument is costly if it socially wasteful and productive otherwise. principal screens an agent with multidimensional private information quasilinear preferences that are additively separable across two components: a one-dimensional component component. Can the improve upon simple mechanisms by also using instruments? We show has between components positively correlated in suitabl...

A key determinant of the quality of hot-rolled strip is mechanical properties lying within the tolerance range. Traditionally, this is done by testing samples which is costly, time-consuming and ties up stock awaiting test results. An alternative is given by MicroStructureMonitor, a computer model-based system which calculates the required quality parameters rather than measuring them and addit...

Background: The antemortem diagnosis of Alzheimer disease (AD) requires time-consuming and costly procedures. Therefore, biochemical tests that can direct the physician rapidly to the correct diagnosis are highly desirable. Measurement of single biochemical markers in cerebrospinal fluid (CSF), such as total tau protein and -amyloid peptide42 (A 42), shows robust alterations that highly correla...

Automatic Text categorization using machine learning methods like Support Vector Machines (SVM) have tremendous potential for effectively organizing electronic resources. Human categorization is very costly and time-consuming, thus limiting its application for large or rapidly changing collections. SVM is a comparatively new technique with a very solid mathematical foundation for solving a vari...

Evaluation and selection of the software packages is complicated and time consuming decision making process. Selection of inappropriate software package can turn out to be costly and adversely affects business processes and functioning of the organization. In this paper we describe (i) generic methodology for software selection, (ii) software evaluation criteria, and (iii) hybrid knowledge base...

International arbitration procedures have become more and more costly and time consuming both for the arbitrators and the parties. Therefore, some specifi c procedural options have developed “fi nal offer arbitration” (FOA) and “sealed offer arbitration”which, alongside with their numerous advantages, actually lead to some new problems. The article discusses those advantages and disadvantages o...

The casting and hot rolling process is a most important and widely used industrial route to produce aluminum alloy sheet[I]. Because rolling is such a high volume process and the capital expenditure in plants and fabrication facilities is so large, even small cost savings or increases in efficiency can result in a very large total money savings[2, 3]. To remove the very costly and time-consumin...