in this paper, we focus on a continuously deteriorating critical equipment which its failure cannot be measured by cost criterion. for these types of systems like military systems, nuclear systems, etc it is extremely important to avoid failure during the actual operation of the system. in this paper we propose an approach which constrains failure probability to a pre-specified value. this valu...

This paper describes the pedagogical impact of real-world experimental projects undertaken as part of an advanced undergraduate fluid mechanics subject at an Australian university. The projects have been organized to complement traditional lectures and introduce students to the challenges of professional design, physical modelling, data collection and analysis. An overview of two projects is pr...

The basis of many systems that integrate data from multiple sources is a set of correspondences between source schemata and a target schema. Correspondences express a relationship between sets of source attributes, possibly from multiple sources, and a set of target attributes. Clio is an integration tool that assists users in de ning value correspondences between attributes [1]. In real life s...

The use of social software and virtual community platforms in particular promises to offer opportunities for customer integration into a company’s value adding activities. Therefore, ideas and innovations generated by members of a virtual community can be analyzed and used in order to enhance the quality of products and services. However, evaluating economic consequences associated with the set...

Penrose's limit theorem (PLT, really a conjecture) states that the relative power measure of two voters tends asymptotically to their relative voting weight (number of votes). This property approximately holds in most of real life and in randomly generated WVGs for various measures of voting power. Lindner and Machover prove it for some special cases; amongst others they give a condition for th...

In data processing, we often encounter the following problem: Suppose that we have processed the measurement results x̃1, ..., x̃n, and, from this processing, have obtained an estimate ỹ = f(x̃1, ..., x̃n) for a quantity y = f(x1, ..., xn); we know the intervals xi of possible values of xi, and we want to find the interval y of possible values of y. Interval computations are one of the main techniq...

| The probability p(k) that the value of a random variable is far away from the mean (e.g. further than k standard deviations away) is so small that this possibility can be often safely ignored. It is desirable to select k for which the dependence of the probability p(k) on the distribution is the smallest possible. Empirically, this dependence is the smallest for k between 1.5 and 2.5. In this...

This paper deals with the notion of residual income, which may be defined as the surplus profit that residues after a capital charge (opportunity cost) has been covered. While the origins of the notion trace back to the 19th century, in-depth theoretical investigations and widespread real-life applications are relatively recent and concern an interdisciplinary field connecting management accoun...