Bayesian analysis of the amended Davidson model for paired comparison using noninformative and informative priors

In recent years, numerous statisticians have focused their attention on the Bayesian analysis of different paired comparison models. While studying paired comparison techniques, the Davidson model is considered to be one of the famous paired comparison models in the available literature. In this article, we have introduced an amendment in the Davidson model which has been commenced to accommodate the option of not distinguishing the effects of two treatments when they are compared pairwise. Having made this amendment, the Bayesian analysis of the Amended Davidson model is performed using the noninformative (uniform and Jeffreys’) and informative (Dirichlet–gamma–gamma) priors. To study the model and to perform the Bayesian analysis with the help of an example, we have obtained the joint and marginal posterior distributions of the parameters, their posterior estimates, graphical presentations of the marginal densities, preference and predictive probabilities and the posterior probabilities to compare the treatment parameters.     

Bayesian inference of the inverse Weibull mixture distribution using type-I censoring

A large number of models have been derived from the two-parameter Weibull distribution including the inverse Weibull (IW) model which is found suitable for modeling the complex failure data set. In this paper, we present the Bayesian inference for the mixture of two IW models. For this purpose, the Bayes estimates of the parameters of the mixture model along with their posterior risks using informative as well as the non-informative prior are obtained. These estimates have been attained considering two cases: (a) when the shape parameter is known and (b) when all parameters are unknown. For the former case, Bayes estimates are obtained under three loss functions while for the latter case only the squared error loss function is used. Simulation study is carried out in order to explore numerical aspects of the proposed Bayes estimators. A real-life data set is also presented for both cases, and parameters obtained under case when shape parameter is known are tested through testing of hypothesis procedure.     

An Explicit Distribution to Model the Proportion of Heating Degree Day and Cooling Degree Day

With a view to estimating the energy consumption, we derive the explicit distribution of the proportion X/(X + Y) when X and Y follow the new Bivariate Affine-Linear Exponential distribution. An application of this distribution to model the proportion of heating using the heating degree day and the cooling degree day data in the State of Alabama for Appalachian Mountain is provided. Using intensive computations based on R-program, tabulation of some quantiles associated with this particular distribution of proportion is also provided, which is quite useful in estimating the proportion of energy required to heat a building.     

Optimal designing of skip-lot sampling plan of type SkSP-2 with group acceptance sampling plan as reference plan under Burr-type XII distribution

In this paper, skip-lot sampling plan of type SkSP-2 with group acceptance sampling plans is proposed when the lifetime of the product follows the Burr-type XII distributions. The optimal parameters of the proposed plan are determined when two points on operating characteristics curve namely acceptable quality level and limiting quality level and the number of testers are specified. We also considered the Burr-type XII distribution to find the plan parameters. Several tables are given for practical use. We compare the results of proposed plan with the existing plans. Results are explained using real-world examples.     

Attachment Relationships and Psychological Adjustment of Married Adults

The present study explored relations among remembered parental (paternal and maternal) acceptance in childhood, spouse acceptance and psychological adjustment of adults. It also explored whether remembered childhood experiences of parental acceptance mediate the relation between perceived spouse acceptance and psychological adjustment. The sample consisted of 354 married adult men (178) and women (176). Results showed that the more accepting both men and women perceived their spouses to be, the better was their psychological adjustment. Similarly, the more accepting both men and women remembered their parents had been to them during childhood, the better was their psychological adjustment. Standard multiple regression analyses revealed that paternal acceptance mediated the relation between perceived spouse acceptance and the psychological adjustment of both men and women. In addition, remembered maternal acceptance mediated the relation between men’s (but not women’s) perceived spouse acceptance and psychological adjustment.     

The Impact of in-Service Training and Motivation on Job Performance of Technical & Vocational Education Teachers: Role of Person-Job Fit

In-service education and training (INSET), motivation and person-job fit of workers are considered vital for the performance of employees. The focused purpose of the study is to examine the associations between in-service training and motivation impact on job performance of Technical Vocational Education and Training (TVET) teachers, while examining the moderating role of person-job fit. Using convenience sampling technique, data is collected from TVET teachers in South Asia. The finding of this study revealed a significant impact for in-service training and motivation on job performance. This research study is useful for the HR managers and practitioners to utilize their employee’s true potential to get the desired results.

     

Halal value creation: its role in adding value and enabling logistics service

Abstract

The need to implement halal value creation into logistics and supply chains has been recognised recently. Yet, there is a lack of efforts to leverage resources and capabilities in contributing to the halal value creation for competitive advantage and subsequently firm performance. The purpose of this paper is to understand the halal value creation of current practices and its role in adding value and enabling logistics service. A structure interview of seven third-party logistics (3PL) providers is conducted to provide more precise perception about works by viewing with the lens prescribed by practitioners rather than reviews. The results draw the novel practices of halal value creation in logistics, that have not been revealed and further identifies five emerging resources of ‘resource-based halal logistics’. These create innovation capability (ability to launch successful halal goods/services) in logistics services, which are transformed into benefits of profits for 3PLs and value for customers.     

Livelihood Assets and Vulnerability Context of Marine Park Community Development in Malaysia

This study assesses the community’s standard of living using the well-known Sustainable Livelihood Approach (SLA) as an analytical framework within the Marine Park Areas (MPAs) in Peninsular Malaysia. We focus on livelihood sustainability and environmental issues challenging MPAs. In order to protect and conserve vulnerable marine life, our efforts assess the residents’ wellbeing and identify major environmental issues associated with MPAs. The major findings of this study indicate that social and physical assets of the societies within the Marine Park Island improved with economic development, but they continue to lack in human capital, and financial and environmental assets. It is expected that this study would assist policy makers to formulate enhanced policies for conserving marine diversity as well as to improve the socio-economic status of the communities that reside therein.     

Repercussions of exchange rate depreciation on the economy of Pakistan: Simulation analysis using macroeconometric model

Expansionary and contractionary effects of exchange rate shock in developing economies has been the subject of an extensive debate but the results are inconclusive. This study has been conducted to examine the repercussions of unexpected exchange rate depreciation in the Pakistan economy. Unlike the previous literature, this study utilizes a fairly large macroeconometric model constructed on the basis of Cowles Commission structural approach. The study explores that expansionary effect of exchange rate depreciation explained by the traditional theories of open economy macroeconomics persists only for one fiscal year but these theories don’t work in the long-run as contractionary phase starts in the subsequent years. Monetary and fiscal authorities are not neutral and contractionary policy is taken in response to depreciation which pushes the economy into recession. Stagflationary effects are clearly observed. However, improvement in foreign sector prolongs for a number of years and policy makers would have to face a trade-off between opposite response of output and current account balance. Hence, unexpected depreciation generates sharp cyclical fluctuations on demand which immediately transmit to supply side of the economy. In line with the views of “New Structuralists”, exchange rate depreciation may be considered as a source of shock rather than shock absorber in the case of Pakistan economy. Although this study is specifically estimated for the Pakistan economy, authors believe that their methodological contributions and results are of wider importance for policy makers in developing countries.