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Predictive Analytics and Theories for Crude Oil Price Fluctuations Using Time-Series Models
What’s in a barrel of crude oil? For starters, its price affects global economies. The Asian Financial Crisis that started in 1997 had international investors put a lid on funding, which sparked reductions in oil exports. With boiling demand for...
More »Predictive Analytics for Commercial Air Travel Demand from Passenger Decision to Individual Market M
The recent global recession that spread since 2008 hit us hard, and commercial air travel received no dispensation. Although jet fuel prices dropped in 2009, the dwindling air travel demand produced a “worst-ever” performance for world air carriers, as noted in...
More »Risk Analysis Methods from Probability, Clustering, to Multi-attribute Utility Theory
Machine failure, patient injury, terrorist attacks, and oil spills are just a few events we endure and have to prepare for in life, and they are things that we have to manage. It is hard to manage things that are...
More »Risk Management Analytics in Clinical Trials via Data Quality Assurance and Methods
Whether they are for preventing malaria, detecting melanoma, diagnosing Alzheimer’s disease, treating diabetes, or improving the quality of life for soldiers post-war, clinical trials are crucial. Invalid conclusions from these trials can lead to an array of detrimental side-effects,...
More »Statistical Analysis for Decision Support Tools in Multiple Testing and Internet A/B Testing
Like retail storefronts with well-dressed mannequins, many internet-facing businesses seek to design their webpages with artistry and easily usable services to meet their goals. Pharmaceutical companies test different treatments to find the best of the bunch. Plastics companies building quality...
More »Macro and Micro Level New Organic Food Sales Forecasting via Predictive Analytics
Quarterly business reviews can be stressful: recent performance is critiqued and sales forecasts and targets are to be made. The organic food industry, with 20% annual growth since 1990 according to a 2008 Agribusiness research report, is no exception from...
More »Green Decision Analysis and Preferences from Paper Towels to Cars
You stop by the store to buy some stuff before heading home from work. Cereal, pasta sauce, and pomegranate juice land in your cart, but then you pause to decide on which paper towel to get: a brand name pictured...
More »Kite Energy Analysis, Planning, and Location
Let’s go fly a kite- not just for fun but to power the world! However bold and ambitious, this is the subject of a 2009 article published in the Energies section of mdpi.com by geological and ecological scientists Cristina...
More »Electric Vehicle Charging Scheduling and Station Location via Operations Research
Like the rebirth of 90’s fashion in a Web 2.0 world, the electric vehicle is back and more beautiful, in the form of the Tesla Model S and the Chevy Volt, among others. Both supply and demand in this market...
More »Energy Optimization of Buildings through Customer Usage and Surveys
On the road to downtown, a façade of clouds hover about the forest of buildings. Air pollution is quite noticeable to the naked eye, but the lit rooms in skyscrapers at midnight portend a different pollution. There is a...
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