Search results for "performance measurement"
showing 10 items of 83 documents
Mobile manipulator performance measurement towards manufacturing assembly tasks
2016
Mobile manipulator performance measurement research is relatively minimal as compared to that of robot arms. Measurement methods, such as optical tracking systems, are useful for measuring the performance of mobile manipulators, although at a much higher relative cost as compared to artifacts. The concept of using test artifacts demonstrates to potential manufacturers and users of mobile manipulator systems that relatively low cost performance measurement methods exist. This paper discusses the concept of reconfigurable mobile manipulator artifacts that were designed and built. An artifact was then used through experimentation to measure the performance of a mobile manipulator to demonstrat…
Portfolio performance evaluation with loss aversion
2011
In this paper we consider a loss-averse investor equipped with a specific, but still quite general, utility function motivated by behavioral finance. We show that, under certain concrete assumptions concerning the form of this utility, one can derive closed-form solutions for the investor's portfolio performance measure. We investigate the effects of loss aversion and demonstrate its important role in performance measurement. The framework presented in this paper also provides a sound theoretical foundation for all known performance measures based on partial moments of the distribution.
Research opportunities in performance measurement in public utilities regulation
2015
Purpose – The purpose of this paper is to propose a method to choose a set of scientific articles about performance measurement in public utilities regulation. The method is designed to identify references with high academic relevance in databases accessed via the internet, and, through these articles, to perform a mapping of these publications and conduct a systemic analysis. Design/methodology/approach – The study is characterized as exploratory and descriptive with a qualitative and quantitative approach. Incorporates an inductive logic, and draws on primary and secondary data sources. The research involves the application of a technical procedure for selection and study of selected art…
Incentive systems for risky investment decisions under unknown preferences
2017
Abstract Our paper examines how to design incentive systems for managers making multi-period risky investment decisions. We show how compensation functions and performance measures must be designed to ensure that managers implement the expected value-maximizing set of projects. The Relative Benefit Cost Allocation (RBCA) Scheme 1 and its extensions revealed in literature on unknown time preferences generally fail to do so under unknown time and risk preferences. We illustrate that when coping with such unknown preferences in a risky setting, a specific state-dependent allocation rule is required. We introduce such an allocation scheme, which we refer to as the State-Contingent RBCA Scheme, …
Extending a Metamodel for Formalization of Data Warehouse Requirements
2014
In performance measurement systems that are built on top of a data warehouse, the information requirements in natural language are different performance indicators that should be stored and analyzed. We use the requirement formalization metamodel to create a formal requirement repository out of information requirements in natural language. In the course of this research we tested the compatibility of the existing requirement formalization metamodel applying it to a set of over 150 requirements for the currently operating data warehouse project. As a result, we extended the formal specification of information requirements with some additional classes like themes, grouping, and requirement pr…
Applying complexity science to air traffic management
2015
Versión aceptada obtenida del archivo digital en línea WestminsterResearch de la Universidad de Westminster. Complexity science is the multidisciplinary study of complex systems. Its marked network orientation lends itself well to transport contexts. Key features of complexity science are introduced and defined, with a specific focus on the application to air traffic management. An overview of complex network theory is presented, with examples of its corresponding metrics and multiple scales. Complexity science is starting to make important contributions to performance assessment and system design: selected, applied air traffic management case studies are explored. The important contexts of…
Performance Measurement Framework with Formal Indicator Definitions
2011
Definition of appropriate measures of organization’s performance should be conducted in a systematic way. In this paper the performance measurement and indicators are discussed not only from the side of management models, but also from the point of view of measurement theories to find out appropriate definitions. In our work we propose a formal specification of indicators. The principles of indicator reformulation from free form indicators to formal requirements are formulated and applied in several examples from performance measures database. The formally defined indicators could be used in the proposed performance measurement framework that covers five-step indicator lifecycle.
Towards more equity concerning quality of Urban Waste Management services in the context of cities
2018
Abstract An innovative combined evaluation approach is proposed in the present paper to deal with the issue of the performance measurement and comparison of Urban Waste Management (UWM) services in the context of cities. The ELECTRE III method is initially considered as tool able to execute a multi-criteria analysis aimed at ranking UWM systems based on their integration and sustainability levels. The latter are comprehensively evaluated via the recently developed “Wasteaware” Integrated and Sustainability Waste Management indicators framework, which takes into account physical components and governance aspects of UWM systems. Then, on the basis on ELECTRE III results, a practical gaps inve…
Mobile Robot and Mobile Manipulator Research Towards ASTM Standards Development
2016
International audience; Performance standards for industrial mobile robots and mobile manipulators (robot arms onboard mobile robots) have only recently begun development. Low cost and standardized measurement techniques are needed to characterize system performance, compare different systems, and to determine if recalibration is required. This paper discusses work at the National Institute of Standards and Technology (NIST) and within the ASTM Committee F45 on Driverless Automatic Guided Industrial Vehicles. This includes standards for both terminology, F45.91, and for navigation performance test methods, F45.02. The paper defines terms that are being considered. Additionally, the paper de…
Exploring the generative power of performance measurement systems design
2019
Abstract Prior studies recognise the enabling power of incompleteness in the design of Performance Measurement Systems (PMS). We add to these studies by exploring the ‘time dimension’ of incompleteness as a way to delve into the generative power of design. To this aim, we rely upon the experience of a knowledge-intensive organization during the design of a new PMS. While knowledge complexity engaged the participants within an open-ended design process, incomplete measures were associated with unfolding memories of the past and confident beliefs in future solutions, which generated effects through the knowledge gaps that they entailed, as well as through the projections in the past and in th…