On C pk Assessment in the Presence of Tool Wear

Process capability indices are routinely used in manufacturing industries for process monitoring. A basic assumption while using process capability indices is that there are no assignable causes of variation present. However, when variation due to an assignable cause is present and is tolerated, the conventional methods of capability measurement become inaccurate. In this article, we suggest an estimate of C_pk assuming that the process capability changes dynamically. We obtain an exact form of the sampling distribution in the presence of a systematic assignable cause. We discuss the problem of testing whether a given process is capable. The critical values for different sample sizes are obtained based on the sampling distribution. An example involving tool wear problem is presented.     

Some Observations,a Suggestion,and Some Comments on the Conway-Roberts Article

This article provides new tools for the evaluation of dynamic stochastic general equilibrium (DSGE) models and applies them to a large-scale new Keynesian model. We approximate the DSGE model by a vector autoregression, and then systematically relax the implied cross-equation restrictions and document how the model fit changes. We also compare the DSGE model's impulse responses to structural shocks with those obtained after relaxing its restrictions. We find that the degree of misspecification in this large-scale DSGE model is no longer so large as to prevent its use in day-to-day policy analysis, yet is not small enough to be ignored.     

Dynamic Forecasts of Qualitative Variables

This article presents a new Qual VAR model for incorporating information from qualitative and/or discrete variables in vector autoregressions. With a Qual VAR, it is possible to create dynamic forecasts of the qualitative variable using standard VAR projections. Previous forecasting methods for qualitative variables, in contrast, produce only static forecasts. I apply the Qual VAR to forecasting the 2001 business recession out of sample and to analyzing the Romer and Romer narrative measure of monetary policy contractions as an endogenous variable in a VAR. Out of sample, the model predicts the timing of the 2001 recession quite well relative to the recession probabilities put forth at the time by professional forecasters. Qual VARs—which include information about the qualitative variable—can also enhance the quality of density forecasts of the other variables in the system.     

First and Second Derivatives in Time Series Classification Using DTW

In our previous work, we developed a new distance function based on a derivative and showed that our algorithm is effective. In contrast to well-known measures from the literature, our approach considers the general shape of a time series rather than standard distance of function (value) comparison. The new distance was used in classification with the nearest neighbor rule. Now we improve on our previous technique by adding the second derivative. In order to provide a comprehensive comparison, we conducted a set of experiments, testing effectiveness on 47 time series datasets from a wide variety of application domains. Our experiments show that this new method provides a significantly more accurate classification on the examined datasets.     

Cointegration Detection Using Dynamic Factor Models

A method of information-criterion-based cointegration detection using dynamic factor models is proposed. The results of the data-based and non data-based Monte Carlo simulations suggest that this method is as effective as conventional hypothesis-testing methods. In the proposed method, an observed multivariate time series is described in terms of common stochastic trends plus stationary autoregressive cycles. Then the best model is selected from among alternative models obtained by changing the number of common stochastic trends, on the basis of information criteria. Consequently, the cointegration rank is determined on the basis of the selected model. Two advantages of the proposed method are also discussed.     

Dynamic social media affiliations among UK politicians

Inter-personal affiliations and coalitions are an important part of politicians’ behaviour, but are often difficult to observe. Since an increasing amount of political communication now occurs online, data from online interactions may offer a new toolkit to study ties between politicians; however, the methods by which robust insights can be derived from online data require further development, especially around the dynamics of political social networks. We develop a novel method for tracking the evolution of community structures, referred to as ‘multiplex community affiliation clustering’ (MCAC), and use it to study the online social networks of Members of Parliament (MPs) and Members of the European Parliament (MEPs) in the United Kingdom. Social interaction networks are derived from social media (Twitter) communication over an eventful 17-month period spanning the UK General Election in 2015 and the UK Referendum on membership of the European Union in 2016. We find that the social network structure linking MPs and MEPs evolves over time, with distinct communities forming and re-forming, driven by party affiliations and political events. Without including any information about time in our model, we nevertheless find that the evolving social network structure shows multiple persistent and recurring states of affiliation between politicians, which align with content states derived from topic analysis of tweet text. These findings show that the dominant state of partisan segregation can be challenged by major political events, ideology, and intra-party tension that transcend party affiliations.     

Dynamic capabilities and high-tech entrepreneurial ventures’ performance in the aftermath of an environmental jolt

This paper contributes to studies on dynamic capabilities (DCs) by showing that a neglected environmental contingency – i.e. the occurrence of a jolt – shapes the DCs–performance relationship. We focus on high-tech entrepreneurial ventures because these are the firms that jolts affect most; in so doing, we also advance the understanding of DCs in the entrepreneurship field. We argue that, in the aftermath of an environmental jolt, the high-tech entrepreneurial ventures that use internationalization and new product development capabilities to modify their resource configuration and regain environmental fit enjoy better performance. Econometric estimates on a sample of 340 Italian high-tech entrepreneurial ventures confronting the consequences of the global economic crisis that began in 2008 confirm that separately using these two DCs has a positive performance effect. This effect is stronger for relatively smaller ventures. Interestingly, despite synergies should arise from the combined use of the two DCs, we do not detect any superadditive effects.     

Toward Probabilistic Prediction of Flash Flood Human Impacts

This article focuses on conceptual and methodological developments allowing the integration of physical and social dynamics leading to model forecasts of circumstance‐specific human losses during a flash flood. To reach this objective, a random forest classifier is applied to assess the likelihood of fatality occurrence for a given circumstance as a function of representative indicators. Here, vehicle‐related circumstance is chosen as the literature indicates that most fatalities from flash flooding fall in this category. A database of flash flood events, with and without human losses from 2001 to 2011 in the United States, is supplemented with other variables describing the storm event, the spatial distribution of the sensitive characteristics of the exposed population, and built environment at the county level. The catastrophic flash floods of May 2015 in the states of Texas and Oklahoma are used as a case study to map the dynamics of the estimated probabilistic human risk on a daily scale. The results indicate the importance of time‐ and space‐dependent human vulnerability and risk assessment for short‐fuse flood events. The need for more systematic human impact data collection is also highlighted to advance impact‐based predictive models for flash flood casualties using machine‐learning approaches in the future.     

Macroeconomic performance of inflation targeting in European and Asian emerging economies

The macroeconomic performance resulting from adopting an inflation targeting policy in emerging economies of Europe and Central Asia are examined. The research includes 26 countries in the period 1997–2019, with a special focus on the period 2008–2019. Our econometric analysis consists of two approaches: dynamic panel modeling and propensity score matching. The results suggest that macroeconomic performance has improved due to the inflation targeting monetary framework. We find that a policy of inflation targeting has been effective in reducing the inflation rate, inflation volatility, and GDP volatility. The results are particularly robust for the subperiod that started in 2008. Econometric results suggest that inflation targeting policy did not affect inflation persistence or GDP growth. Our results suggest that inflation targeting improves the macroeconomic performance of developing countries even when they only partially meet the standard requirements for its implementation.     

Evaluation of Proactive and Reactive Strategies for Polio Eradication Activities in Pakistan and Afghanistan

Only Pakistan and Afghanistan reported any polio cases caused by serotype 1 wild polioviruses (WPV1s) in 2017. With the dwindling cases in both countries and pressure to finish eradication with the least possible resources, a danger exists of inappropriate prioritization of efforts between the two countries and insufficient investment in the two countries to finish the job. We used an existing differential‐equation‐based poliovirus transmission and oral poliovirus (OPV) evolution model to simulate a proactive strategy to stop transmission, and different hypothetical reactive strategies that adapt the quality of supplemental immunization activities (SIAs) in response to observed polio cases in Pakistan and Afghanistan. To account for the delay in perception and adaptation, we related the coverage of the SIAs in high‐risk, undervaccinated subpopulations to the perceived (i.e., smoothed) polio incidence. Continuation of the current frequency and quality of SIAs remains insufficient to eradicate WPV1 in Pakistan and Afghanistan. Proactive strategies that significantly improve and sustain SIA quality lead to WPV1 eradication and the prevention of circulating vaccine‐derived poliovirus (cVDPV) outbreaks. Reactive vaccination efforts that adapt moderately quickly and independently to changes in polio incidence in each country may succeed in WPV1 interruption after several cycles of outbreaks, or may interrupt WPV1 transmission in one country but subsequently import WPV1 from the other country or enable the emergence of cVDPV outbreaks. Reactive vaccination efforts that adapt independently and either more rapidly or more slowly to changes in polio incidence in each country may similarly fail to interrupt WPV1 transmission and result in oscillations of the incidence. Reactive strategies that divert resources to the country of highest priority may lead to alternating large outbreaks. Achieving WPV1 eradication and subsequent successful OPV cessation in Pakistan and Afghanistan requires proactive and sustained efforts to improve vaccination intensity in under‐vaccinated subpopulations while maintaining high population immunity elsewhere.