Calculations of sensitivities of future experiments are a necessary ingredient in experimental high energy physics. Especially in the context of measurements of the neutrino oscillation parameters extensive studies are performed to arrive at the optimal configuration. In this note we clarify the definition of sensitivity as often applied in these studies. In addition we examine two of the most ...

The introduction of internet auction has significantly widened the pool of consumers who participate in auctions and increased the number of companies attempting to sell their products in an auction format. Previous empirical research on auctions has focused almost exclusively on the behavior of professional bidders. In this study, we collect data on a large number of internet auctions to explo...

Learning is posed as a problem of function estimation, for which two principles of solution are considered: empirical risk minimization and structural risk minimization. These two principles are applied to two different statements of the function estimation problem: global and local. Systematic improvements in prediction power are illustrated in application to zip-code recognition.

today, the global business environment compels enterprises to consider rest of the world in their competitive strategy analysis where firms ignore external factors such as economic trends, competitive positions or technology advancement in other countries. while going truly global with supply chain management, a company develops product in the united states, produce in india and trade in europe...