Cost information

An important part of planning an experimental program is the identification of the variables that affect the response and deciding what to do about them. The decision as to how to deal with each of the candidate variables can be made jointiy by the experimenter and the statistician. However, identifying the variables is the experimenter s responsibiUty. Controllable or independent variables in a statistical experiment can be dealt with in four different ways. The assignment of a particular variable to a category often involves a trade-off among information, cost, and time. 

From the cost information, cost engineers can update their estimates so that future estimates will be more reliable. The planners can similarly update their time estimates. Even though this costs money, it is the best way a company can improve its predictive ability for future projects, as well as maintaining control over the current job. 

Figure 7. Cost Function and Correct Maneuver Identification for Mutual Information Cost.-...

Harmonic analyzers or harmonic meters are relatively simple instruments for measuring and recording harmonic distortion data. Typically, harmonic analyzers contain a meter with a waveform display screen, voltage leads, and current probes. Some of the analyzers are handheld devices and others are intended for tabletop use. Some instruments provide a snapshot of the waveform and harmonic distortion pertaining to the instant during which the measurement is made. Other instruments are capable of recording snapshots as well as a continuous record of harmonic distortion over time. Obviously, units that provide more information cost more. Depending on the... 

Systems for the international sharing of regulatory information Cost recovery linked to improved service levels The TGA is made up of six branches ... 

Step 1 Identify the feasibility of a therapeutic interchange based on medication class usage trends, patient outcomes, clinical trial data, medication error trends/potential, adverse reaction information, cost benefits, or resistance patterns. 

In the field of combinatorial chemistry, series design techniques can also help to improve the information/cost ratio of the libraries and to work in a more rational way. Indeed, the joint application of QSAR and CombC techniques and methodologies can lead to new promising approaches. 

Forming the variance tree and computing the new information costs... 

The vrilue of imperfect (or sample) information provides a normative rule for deciding whether to collect additioneil information. For example, a decision to perform a survey before introducing a product can be made by comparing the cost of the survey to the expected value of the information obtained. It is often assumed that decision makers are biased when they fail to seek out additional information. The above discussion shows that not obtaining information is justified when the information costs too much. From a practical perspective, the value of information can guide decisions to provide information to product users (Lehto and Papastavrou 1991). 

Information, costs and incentives. In this approach we have made several assumptions regarding the players and the mediator, which include the following ... 

Because of the cost factor involved in redesign of exbting systems, we should use at least an informal cost/effectiveness evaluation that will yield an estimate of the ratio between design costs arid the costs of tolerance of human error related to a particular system. 

TCE offers one perspective on the relationship between market organization cuid product quahty. One class of transaction costs are measurement, or information, costs (Hobbs, 1996). These include costs of secffching for information about buyers or sellers in the mcffket, inspecting... 

YOG (yearly operating cost), 315-316 replacing, 12, 14 schedule optimization, 498-503 size, relationship to performance, 597 spacing, 34, 37 symbols for, 12,15 Equipment cost attribute, 182 Equipment-dependent relationships, 587-588 Equipment-independent relationships, 587-588 Equipment information cost estimates, 19... 

Dembski, W. A. Marks II, R. J. (2010). The search for a search Measuring the information cost of higher level search. Journal of Advanced Computational Intelligence and Intelligent Informatics, 14(5), 475-486. 

---