Marvin D. Troutt

Maximum Performance Efficiency Approaches for Estimating Best Practice Costs: 10.4018/978-1-59140-051-6.ch010: Data mining is increasingly being used to gain competitive advantage. In this chapter, we propose a principle of maximum performance efficiency (MPE) as a

Knowledge Management and Sharing: 10.4018/978-1-59140-045-5.ch022: The knowledge economy is driven by growth and development of intellectual capital in organizations. Knowledge is defined to be reusable abstractions that can

The 10krule of thumb and its modifications give benchmarks on adequacy of dataset size in terms of number of observations required in regression models. Specifically, this rule suggests having a minimum of 10 observations per predictor variable.

In previous papers a connection between general spreadsheet models and interactive multicriterion optimization has been discussed. The purpose of the present paper is to provide proof of the concept with a detailed example. The main idea is that interactive multicriterion optimization can be viewed as a new way of interacting with spreadsheet models. It offers advantages over the two prevailing ones, namely what-if and goal-seeking. A simplified budgeting example is given to clarify this connection. Directions of improvement are assumed to be provided by the decision maker using one of the several existing methods. One improvement iteration is illustrated and analyzed following the method of Loganathan and Sherali.

Journal of the Operational Research Society (JORS) is the world's longest established OR journal and an official journal of The OR Society. It is the aim of the Journal to present papers which are relevant to practitioners, researchers, teachers, students and consumers of operational research, and which cover the theory, practice, history or methodology of OR.

We consider the activity‐based costing situation, in which for each of several comparable operational units, multiple cost drivers generate a single cost pool. Our study focuses on published data from a set of property tax collection offices, called rates departments, for the London metropolitan area. We define what may be called benchmark or most efficient costs per unit of driver. A principle of maximum performance efficiency is proposed, and an approach to estimating the benchmark unit costs is derived from this principle. A validation approach for this estimation method is developed in terms of what we call normal‐like‐or‐better performance effectiveness. Application to longitudinal data on a single unit is briefly discussed. We also consider some implications for the more routine case when costs are disaggregated to subpools associated with individual cost drivers.

Journal of the Operational Research Society (JORS) is the world's longest established OR journal and an official journal of The OR Society. It is the aim of the Journal to present papers which are relevant to practitioners, researchers, teachers, students and consumers of operational research, and which cover the theory, practice, history or methodology of OR.