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This paper formulates an employer's hiring and retention decisions as an infinite-armed bandit problem and characterizes the structure of optimal hiring and retention policies. We develop approximations that allow us to explicitly calculate these policies and to evaluate their benefit. The solution involves a balance of two types of learning: the learning that reflects the improvement in performance...
A general model of oil consumption is investigated in this study. This model should be applicable to different countries even with different characteristics. Conventional model that works very well for Malaysia is tested with seven developing Asian countries: China, India, Indonesia, Malaysia, Pakistan, Philippines, and Thailand. The results have shown that this model can not produce a good fit to...
An ANN-based multi-dimension predictor with a parallel learning algorithm was proposed in this paper. This model could be used to predict points in the multi-dimension space. And also its applications in marine engine room will be discussed in the paper. Some analysis results showed the significant improvement to multi parameters simultaneous prediction using the PDRNN algorithm in marine engine room.
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