Abstract We develop a mathematical and interpretative foundation for the enterprise of decision-theoretic (DT) statistical causality, which is a straightforward way of representing and addressing causal questions. DT reframes causal inference as “assisted decision-making” and aims to...

This study introduces an integrated vector error correction and directed acyclic graph method for investigating contemporaneous causalities with application to regional scrap steel prices in east, north, south, central, northeast, and southwest China. We use daily data and combine the Peter and...

The dominant role of the US dollar as a global currency allows the Federal Reserve's monetary policy to significantly influence economic and financial dynamics in other countries through mechanisms such as exchange rates, interest rates, and capital flows. This paper examines how shifts in the...

The modern vehicle insurance industry is increasingly adopting Pay-As-You-Drive (PAYD) insurance models, aligning premium costs with driving behavior. Our study introduces a Bayesian approach to PAYD insurance, leveraging the strengths of Naive Bayes classifiers and Bayesian Networks to handle...

Purpose: Cloud manufacturing (CM) represents a new manufacturing paradigm that integrates distributed resources to provide on-demand services. The high consumer demand from various locations, coupled with the customizability and complexity of manufacturing, complicates task scheduling. In this...

The concordance probability, also called the C-index, is a popular measure to capture the discriminatory ability of a predictive model. In this article, the definition of this measure is adapted to the specific needs of the frequency and severity model, typically used during the technical...

Purpose Stirred by scant regard for market phases in portfolio performance assessments, the current paper investigates the active versus passive investment strategies under the bull and bear market conditions in emerging markets focusing on South Africa as a case study....

Measuring project management performance is complex and requires tools to capture the dynamic nature of the processes involved. Since the conception of system dynamics in the 1950s, the method has been used to solve complex projects. Project management possesses dynamic characteristics that...

Recently having increased every year, in 2017, e-learning's worldwide average growth rate was 7.9% with a worldwide market of USD 52.5 billion. Holding all nations' eighth highest e-learning growth rate, Indonesia had a market of USD 12.2 billion, with a growth rate of 25% in 2017. Obviously,...

A clear understanding of customer needs is key to the success of new product development and customer-centric product design. Online reviews, particularly initial reviews, are commonly used as effective sources for mining customer requirements. Although customers may post truer and more...