Tag: Economics
A new academic discipline: Advancing factory science, economics and artifacts science
Professor Masayuki Matsui from The University of Electro-Communications, Tokyo, proposes that Industrial Engineering and Operational Research (IEOR) can be viewed as the art of his 3M&I-body system. His methods have led to a new academic discipline that contribute to the integration of knowledge and intelligence in nature versus artifacts science. This research facilitates the realisation of the cyber/real world, including […]
Longevity adjustment of retirement age
The rise in longevity is exerting pressure on public finances with increases in pension and elderly care expenses. Svend E. Hougaard Jensen, Professor of Economics at the Copenhagen Business School, discusses regulating the pension age in line with the average increasing life expectancy. His research also highlights the significance of extending these models to encompass the variability associated with physical […]
An integrated toolkit for high-dimensional complex and time series data analysis
Big data can be too large and complex for traditional methods and conventional software packages to deal with. Dr Fang Han, Assistant Professor in Statistics at the University of Washington, Seattle, is meeting this challenge head on. He is creating an integrated statistical toolkit comprising robust statistical procedures, including distribution-free inference and rank-based methods, which can be applied to high-dimensional […]
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Integer-dimensional fractals of nonlinear dynamics
Fractal dimension was developed as a quantitative measure of complex, irregular objects, essentially because it had been accepted that fractals could not be characterised by integer dimensions. Dr Zonglu He, a Professor of Economics at Kaetsu University, is challenging this basic concept with her novel finding that fractals actually can occur in integer dimensional space-times. Her research demonstrates the consistency of both fractional and […]
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