scholarly journals Model and Data-Driven System Portfolio Selection Based on Value and Risk

2019 ◽  
Vol 9 (8) ◽  
pp. 1657
Author(s):  
Hechuan Wei ◽  
Boyuan Xia ◽  
Zhiwei Yang ◽  
Zhexuan Zhou

System portfolio selection is a kind of tradeoff analysis and decision-making on multiple systems as a whole to fulfill the overall performance on the perspective of System of Systems (SoS). To avoid the subjectivity of traditional expert experience-dependent models, a model and data-driven approach is proposed to make an advance on the system portfolio selection. Two criteria of value and risk are used to indicate the quality of system portfolios. A capability gap model is employed to determine the value of system portfolios, with the weight information determined by correlation analysis. Then, the risk is represented by the remaining useful life (RUL), which is predicted by analyzing time series of system operational data. Next, based on the value and risk, an optimization model is proposed. Finally, a case with 100 candidate systems is studied under the scenario of anti-missile. By utilizing the Non-dominated Sorting Differential Evolution (NSDE) algorithm, a Pareto set with 200 individuals is obtained. Some characters of the Pareto set are analyzed by discussing the frequency of being selected and the association rules. Through the conclusion of the whole procedures, it can be proved that the proposed model and data-driven approach is feasible and effective for system portfolio selection.

2021 ◽  
Vol 9 (4) ◽  
pp. 383
Author(s):  
Ting Yu ◽  
Jichao Wang

Mean wave period (MWP) is one of the key parameters affecting the design of marine facilities. Currently, there are two main methods, numerical and data-driven methods, for forecasting wave parameters, of which the latter are widely used. However, few studies have focused on MWP forecasting, and even fewer have investigated it with spatial and temporal information. In this study, correlations between ocean dynamic parameters are explored to obtain appropriate input features, significant wave height (SWH) and MWP. Subsequently, a data-driven approach, the convolution gated recurrent unit (Conv-GRU) model with spatiotemporal characteristics, is utilized to field forecast MWP with 1, 3, 6, 12, and 24-h lead times in the South China Sea. Six points at different locations and six consecutive moments at every 12-h intervals are selected to study the forecasting ability of the proposed model. The Conv-GRU model has a better performance than the single gated recurrent unit (GRU) model in terms of root mean square error (RMSE), the scattering index (SI), Bias, and the Pearson’s correlation coefficient (R). With the lead time increasing, the forecast effect shows a decreasing trend, specifically, the experiment displays a relatively smooth forecast curve and presents a great advantage in the short-term forecast of the MWP field in the Conv-GRU model, where the RMSE is 0.121 m for 1-h lead time.


Author(s):  
Julia Chen ◽  
Dennis Foung

This chapter explores the possibility of adopting a data-driven approach to connecting teacher-made assessments with course learning outcomes. The authors begin by describing several key concepts, such as outcome-based education, curriculum alignment, and teacher-made assessments. Then, the context of the research site and the subject in question are described and the use of structural equation modeling (SEM) in this curriculum alignment study is explained. After that, the results of these SEM analyses are presented, and the various models derived from the analyses are discussed. In particular, the authors highlight how a data-driven curriculum model can benefit from input by curriculum leaders and how SEM provides insights into course development and enhancement. The chapter concludes with recommendations for curriculum leaders and front-line teachers to improve the quality of teacher-made assessments.


Electronics ◽  
2020 ◽  
Vol 9 (1) ◽  
pp. 100
Author(s):  
Daniele Apiletti ◽  
Eliana Pastor

Coffee is among the most popular beverages in many cities all over the world, being both at the core of the busiest shops and a long-standing tradition of recreational and social value for many people. Among the many coffee variants, espresso attracts the interest of different stakeholders: from citizens consuming espresso around the city, to local business activities, coffee-machine vendors and international coffee industries. The quality of espresso is one of the most discussed and investigated issues. So far, it has been addressed by means of human experts, electronic noses, and chemical approaches. The current work, instead, proposes a data-driven approach exploiting association rule mining. We analyze a real-world dataset of espresso brewing by professional coffee-making machines, and extract all correlations among external quality-influencing variables and actual metrics determining the quality of the espresso. Thanks to the application of association rule mining, a powerful data-driven exhaustive and explainable approach, results are expressed in the form of human-readable rules combining the variables of interest, such as the grinder settings, the extraction time, and the dose amount. Novel insights from real-world coffee extractions collected on the field are presented, together with a data-driven approach, able to uncover insights into the espresso quality and its impact on both the life of consumers and the choices of coffee-making industries.


2020 ◽  
Vol 2020 ◽  
pp. 1-17
Author(s):  
Hezhou Qu ◽  
Xiaoyue Xu ◽  
Steven Chien

The service quality of public transit, such as comfort and convenience, is an important factor influencing ridership and fare revenue, which also reflects the passengers’ perception to the transit performance. Passengers are frustrated while waiting to board a crowded train especially during the peak hours, while the fail-to-board (FtB) situation commonly exists. The service performance measures determined by deterministic passenger demand and service frequency cannot reflect the perceived service of passengers. With the automatic fare collection system data provided by Chengdu Metro, we develop a data-driven approach considering the joint probability of spatiotemporal passenger demand at stations based on posted train schedule to approximate passenger travel time (e.g., in-vehicle and out-of-vehicle times). It was found that the estimated wait time can reflect the actual situation as passengers FtB. The proposed modeling approach and analysis results would be useful and beneficial for transit providers to improve system performance and service planning.


2011 ◽  
Vol 133 (10) ◽  
Author(s):  
Manuel Sosa ◽  
Jürgen Mihm ◽  
Tyson Browning

Complex engineered systems tend to have architectures in which a small subset of components exhibits a disproportional number of linkages. Such components are known as hubs. This paper examines the degree distribution of systems to identify the presence of hubs and quantify the fraction of hub components. We examine how the presence and fraction of hubs relate to a system’s quality. We provide empirical evidence that the presence of hubs in a system’s architecture is associated with a low number of defects. Furthermore, we show that complex engineered systems may have an optimal fraction of hub components with respect to system quality. Our results suggest that architects and managers aiming to improve the quality of complex system designs must proactively identify and manage the use of hubs. Our paper provides a data-driven approach for identifying appropriate target levels of hub usage.


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