measuring the performance of a production system has been an important task in management for purposes of control, planning, etc. lord kelvin said :“when you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meager and unsatisfactory kind.” hence, manageme...

With the advent in recent years of large financial data sets, machine learning and highperformance computing, analysts can backtest millions (if not billions) of alternative investment strategies. Backtest optimizers search for combinations of parameters that maximize the simulated historical performance of a strategy, leading to backtest overfitting. The problem of performance inflation extend...

Stock traders consider several factors or objectives in making decisions. Moreover, they differ in the importance they attach to each of these objectives. This requires a tool that can provide an optimal tradeoff among different objectives, a problem aptly solved by a multi-objective optimization (MOO) system. This paper aims to investigate the application of multi-objective optimization to end...

This article documents a decline in aggregate hedge fund performance over the past decade. We tested whether set of prediction models can select subsets individual funds that buck trend and subsequently outperform. Two predictors reliably picked lowered volatility raised Sharpe ratio multi-asset-class portfolio relative to stock/bond full 1997–2016 sample. Hedge allocations reduced two subperio...

THEWISSEN, J. G. M., E. M. WILLIAMS, L. J. ROE, AND S. T. HUSSAIN. 2001. Skeletons of terrestrial cetaceans and the relationships of whales to artiodactyls. Nature 413:277–281. TUCKER, A. S., K. L. MATHEWS, AND P. T. SHARPE. 1998 Transformation of tooth type induced by inhibition of BMP signaling. Science 282:1136–1138. TUCKER, A. S., AND P. T. SHARPE. 1999. Molecular genetics of tooth morphoge...

32 Translation © 2002 M.E. Sharpe, Inc., from the original Russian text © 1996 Akademii pedagogicheskikh i sotsial’nykh nauk, “Ot klassicheskoi k ogranicheskoi psikhologii,” Izvestiia Akademii pedagogicheskikh i sotsial’nykh, 1996, no. 1, pp. 8–38. This article was prepared with the support of the Russian Basic Research Foundation, the International Foundation for Basic Research, and the Russia...