Technical efficiency,managerial efficiency and objective-setting in the educational system: an international comparison

This study uses data envelopment analysis to analyse the efficiency of educational systems in 31 countries. This type of evaluation is of interest both when formulating a model for analysis and when applying such a model empirically. The efficiency of an educational system must take into account the students' economic and social background, as this is an environmental factor that decisively influences their performance. This is a highly important aspect and so we propose a specific evaluative process for it. Secondly, we evaluate the efficiency of educational systems in different countries, an analysis that has few forerunners since the majority of previous research has focused on analysing a single country. The results suggest that, in general, the most efficient management of educational systems can be found in those countries with a Communist past. They also suggest that there is a series of developed countries, which, judging by the results obtained, could increase their students' performance with even fewer resources than those currently allocated to their educational systems.     

Optimal asset allocation for pension funds under mortality risk during the accumulation and decumulation phases

In a financial market with one riskless asset and n risky assets whose prices are lognormal, we solve in a closed form the problem of a pension fund maximizing the expected CRRA utility of its surplus till the (stochastic) death time of a representative agent. We consider a unique asset allocation problem for both accumulation and decumulation phases. The optimal investment in the risky assets must decrease during the first phase and increase during the second one. We accordingly suggest it is not optimal to manage the two phases separately, and outsourcing of allocation decisions should be avoided in both phases. JEL: G23, G11 MSC 2000: 62P05, 91B28, 91B30, 91B70, 93E20     

A rule-based risk decision-making approach and its application in China's customs inspection decision

This paper addresses a kind of risk decision-making problem existing widely in public administration and business management, which is characterized by (1) occurrence probabilities of states of nature can be estimated by analysing historical observations, but historical observations of different objects are unhomogeneous, (2) the relation between observations and occurrence probabilities of states of nature are affected by some qualitative and quantitative indicators, (3) it is a real-time decision-making problem, that is, there are many decisions for different objects to be made in a limited time, (4) considering decision's execution, impact of resource constrains is an important issue in decision-making process. In this paper, we develop a rule-based approach to address the problem. In the proposed approach, a two-step clustering method is employed to classify objects into categories, and observations in each category can be approximately viewed as homogeneous. For objects in each category, occurrence probabilities of states of nature are estimated by logistic regression, and the decision rule is obtained through solving an optimization model, which is to minimize the total decision risks while satisfying resource constrains. Effect and efficacy of our approach are illustrated through its application to China's customs inspection decision.     

An Enhancement of the Drezner—Wesolowsky Algorithm for Single-Facility Location with Maximin of Rectilinear Distance

In this note, we examine the algorithm of Drezner and Wesolowsky for locating a facility with maximin rectilinear distance to a given set of demand points. The concept of the closest-point constraint is introduced as a technique for increasing the efficiency of the algorithm. This potential increase in efficiency is demonstrated by an example.     

Modelling treatment effects in the HIV/AIDS epidemic

Advances in recent treatments for HIV/AIDS patients have shown dramatic outcomes in extending the incubation period and AIDS survival time, while also providing significant improvements in the quality of patients' lives. A compartmental model is proposed to analyse the effects of the various treatment regimens which have been introduced. The results produced are in good agreement with routinely collected data relating to levels of HIV/AIDS incidence and prevalence in the UK homosexual population. Some parameter values within the model are obtained from surveys, census results, etc, but others are derived using a maximum likelihood estimation procedure. Finally, the model is used to project levels of incidence and prevalence over the next few years, and to investigate several possible scenarios.     

Thickness dependence of the magnetic anisotropy of Fe layers separated by Al

Magnetic multilayers of ⁵⁷Fe with nominal thickness, T _nom, between 0.4 and 1.0 nm separated by 3.0 nm Al spacer layers were prepared by alternate deposition of the constituents in high vacuum. The samples were investigated at 4.2 K in external magnetic field. A fraction of Fe atoms corresponding to about 0.3 nm equivalent Fe-thickness was found to mix into the Al spacer. The extremely strong magnetic anisotropy observed for T _nom < 0.8 nm is attributed to Fe layers of approximately two atomic planes thick. The anisotropy decreases considerably after the building up of the third Fe atomic layer starts at T _nom = 0.8 nm, but full saturation was not achieved even for T _nom = 1 nm and 3 T magnetic field applied perpendicularly to the sample plane.     

Calibration of imaging laser-induced fluorescence measurements in highly absorbing flames

It has been described earlier that imaging measurements of laser-induced fluorescence (LIF) in flames can be calibrated to number densities with an integrated absorption measurement provided the integrated absorption is small. In this paper a method is presented that extends the technique to flames with substantial absorption, improves the number density determination and allows the experimental parameters to be chosen more freely. The method is based on an iterative computer procedure that reconstructs the 1-D spatially resolved absorption profile from laser measurements of the 1-D spatially resolved LIF and the integrated absorption of the laser beam. The technique is experimentally demonstrated by measurements of OH number densities in atmospheric flames. It is potentially a single-pulse method. Other applications of the iterative procedure are mentioned.     

On local optima in multiobjective combinatorial optimization problems

In this article, local optimality in multiobjective combinatorial optimization is used as a baseline for the design and analysis of two iterative improvement algorithms. Both algorithms search in a neighborhood that is defined on a collection of sets of feasible solutions and their acceptance criterion is based on outperformance relations. Proofs of the soundness and completeness of these algorithms are given.