It's hard to quantify the worth to a school of staff with this level of knowledge, but it can save its SEN department thousands of pounds and numerous headaches.
A predictive uncertainty analysis quantifying the worth of different components of the observation dataset in reducing the uncertainty of model predictions was carried out.
In parallel with the M&M theorem, the works of Markowitz on modeling risk, Eugene Fama on efficient financial markets, William Sharpe on quantifying the worth of an asset, and Black, Scholes, and Merton on the value of risk paved the way for innovations to emerge in finance (Mandelbrot and Hudson 2007).
But attempts at quantifying the worth – whether in terms of money or psychological health – of nature raise deep and important questions about how we think about the challenge of sustainability.
Bayesian theory provides a coherent framework in quantifying the data worth of measurements and estimating unknown parameters.
First, covariances are used to quantify the uncertainty of nuclear core parameters such as criticality, control rod worth, reaction rate ratio, power distribution, sodium void reactivity, etc.
A major strength of the present study is the use of a year's worth of continuous automated cycle count data to quantify the effect of weather on both hourly and daily cycle volumes.
It is worth remarking that this analysis would be able to quantify the benefits of synergy for urban traffic if information on the individual adoption of routing technology could be available to researchers.
The prevailing psychology, especially in a highly technical world, is that if you can't measure and quantify the value of some activity or spend for the business, it's not worth pursuing.
"We're trying to quantify the benefits of globalization.
