This study implements a prototype graphics visualization framework to visualize multidimensional data. This graphics design framework serves as a ‘visual analytical database’ for visualization and simulation of economic models. One of the primary goals of any kind of visualization is to extract useful information from colossal volumes of data and more importantly, communicate the extracted info...

Paying for goods and services creates disutility for the payer. Based on ideas from behavioral economics, we contend that the disutility of paying can be substantially influenced by the method of payment. We develop a model of the consumer that takes into account phenomena such as the pain of paying, the sunk-cost effect, and self-control issues. In a laboratory experiment we test this model an...

Typical control charts output a single signal called an alarm upon detection of an abrupt change. This alarm may serve a variety of functions depending on the context. Alarms for mechanical, chemical, or electrical systems often drive maintenance actions. The timing and nature of these maintenance actions may in turn have a significant impact on the long-term cost or profitability of the system...

Since little attention has been devoted to multiattribute control charts in the literature, in this research a new methodology is developed to employ the multivariate exponentially weighted moving average (MEWMA) chart for multiattribute processes. Moreover, since the variable sample size and sampling interval (VSSI) MEWMA charts detect small process mean-shifts faster than the traditional MEWM...

This paper addresses the potential for using economic regulation, e.g. taxes or subsidies, as instruments to combat the increasing problems of inappropriate diets, leading to health problems such as obesity, diabetes 2, cardiovascular diseases etc. in most countries. Such policy measures may be considered as alternatives or supplements to other regulation instruments, including information camp...

Research Objective We introduce the novel concept of applying economic mechanism design to the software development process, and aim to find ways to A task is an atomic unit executed by individuals and teams of actors that are interacting and making several investment decisions. Here we describe a generic view for the software decision making with four major components: adjust the incentives an...

The standard max chart gives an out-of-control signal when the chart's statistic M exceeds the upper control limit UCL. The probability of M falling below the UCL is given as [3] 2 2 2) UCL (2 2 2) UCL (2 1 2 1 UCL UCL δ χ δ χ δ δ δ δ H H n n , where UCL > 0,) (⋅ Φ is the cumulative distribution function of a standard normal random variable,) (⋅ H is the cumulative distribution function of a ch...

The aim of this paper is to examine key economic and design Issues facing three public institutions now working with multimedia in particular image databases and to highlight critical features which need attention while evaluating the feasibiltty of such a system.

Within the manufacturing process planning, blanks are either selected or designed, respectively forms of input material for the manufacture of products. Reviewed in this paper are three types of group blanks: group castings, group forgings manufactured by closed die forging and free forging, and group blanks manufactured by pressing melted metal in casts. The paper also presents requisites for ...

Electronic communities can be designed to organize consumers, to pool their purchasing power, and to guide their purchasing decisions. Such commercial electronic communities have the potential to facilitate the creation of novel marketplaces, and even radically change the buyerseller interaction, as physical communities did throughout the history. Commercial electronic communities are groups of...