Budget allocation is an amount designated to a certain aspect of the economy as expenditure for particular year. There are various sectors in that allocated shares central budget country each financial The present research paper focuses on studying among four pillars Indian economy: education, agriculture, healthcare, and defence, by United Progressive Alliance well National Democratic over cou...

In this short paper, we briefly describe some recent progress on statistical decision making for budget allocation in crowdsourcing. We address the budget allocation problem for two important labeling tasks in crowdsourcing: the categorization labeling task and pairwise ranking aggregation. We also show the connections between our work and the “proactive learning” framework proposed by Jaime Ca...

For a given set of quantizers and a data vector, the optimal bit allocation in a rate/distortion sense is the sequence of quantizers which minimizes the overall distortion for a given bit budget. In an operational framework, this sequence is dependent on the data realization rather than on its probabilistic model and the cost of describing the sequence itself becomes therefore part of the bit b...

We consider the problem of budget (or other resource) allocation in sequential decision problems involving a large number of concurrently running sub-processes, whose only interaction is through their gradual consumption of budget (or the resource in question). We use the case of an advertiser interacting with a large population of target customers as a primary motivation. We consider two compl...

TSSO is a recently proposed search algorithm based on the modified nugget effect kriging metamodel, which solves unconstrained stochastic simulation optimization problems with heterogeneous variances, when the total simulation budget is fixed, through a budget allocation followed by a two–stage sequential procedure. Despite the efficiency and performance of TSSO, no analysis of the structural p...