Uncertainty in the output power of large-scale wind power plants (WPPs) can face the electricity market players with undesirable profit variations. Market players can hedge themselves against these risks by participating in forward contracts markets...
Perfect vacuum does not exist - there will always be some energy, some particles manifesting themselves spontaneously from quantum uncertainty, but generally lack of matter, including air is …
Words like might and could are known as modals, since they express certain "moods" (for example, I might go indicates an uncertain mood on the part of the speaker).
We study the optimal investment policy of a firm facing both technological and cash-flow uncertainty. At any point in time, the firm can decide to invest in a standalone technology or to wait for a technological breakthrough. Breakthroughs occur when...
Quantum error correction (QEC) is essential for scalable quantum computing, yet decoding errors via conventional algorithms result in limited accuracy (i.e., suppression of logical errors) and high overheads, both of which can be alleviated by infere...
In Amazon EC2, cloud resources are sold through a combination of an on-demand market, in which customers buy resources at a fixed price, and a spot market, in which customers bid for an uncertain supply of excess resources. Standard market environmen...
The study of inter-human communication requires a more complex framework than Shannon's (1948) mathematical theory of communication because "information" is defined in the latter case as meaningless uncertainty. Assuming that meaning cannot be commun...
Jan 16, 2011 · Why have a letter in a word when itâs silent in pronunciation, like the b in debt? Can anyone please clarify my uncertainty here?
Misinformation emerges in times of uncertainty when credible information is limited. This is challenging for NLP-based fact-checking as it relies on counter-evidence, which may not yet be available. Despite increasing interest in automatic fact-check...
The meaning of OR is —used as a function word to indicate an alternative, the equivalent or substitutive character of two words or phrases, or approximation or uncertainty. How to use or in a sentence.
We present new constraints on the neutron star equation of state (EOS) and mass distribution using a unified Bayesian inference framework that incorporates latest NICER measurements, including PSR J0614$-$3329, alongside gravitational wave data, radi...
We consider arbitrage free valuation of European options in Black-Scholes and Merton markets, where the general structure of the market is known, however the specific parameters are not known. In order to reflect this subjective uncertainty of a mark...
>tldr: >Bitcoin fell more than 5% to below $65,000 on Monday after U.S. President Donald Trump announced plans to raise global tariffs to 15%. >The drop came as Asian equities rose in early...
Non-destructive testing on metallic turbine blades is a challenging task due to their complex geometry. Vibrational test-ing such as Process Compensated Resonance Testing (PCRT) has shown an efficient approach, which first measures the vibrational re...
We present a formal model of human decision-making in explore-exploit tasks using the context of multi-armed bandit problems, where the decision-maker must choose among multiple options with uncertain rewards. We address the standard multi-armed band...
The highest grossing media franchise of all times, with over \$90 billion in total revenue, is Pokemon. The video games belong to the class of Japanese Role Playing Games (J-RPG). Developing a powerful AI agent for these games is very hard because th...
Various frameworks have been proposed to predict mechanical system responses by combining data from different fidelities for design optimization and uncertainty quantification as reviewed by Fernández-Godino et al. and Peherstorfer et al.. Among all...
Place recognition is key to Simultaneous Localization and Mapping (SLAM) and spatial perception. However, a place recognition in the wild often suffers from erroneous predictions due to image variations, e.g., changing viewpoints and street appearanc...
First Nations Australians have a cultural obligation to look after land and sea Country, and Indigenous-partnered science is beginning to drive socially inclusive initiatives in conservation. The Australian Institute of Marine Science has partnered w...
Clinical trials are a systematic endeavor to assess the safety and efficacy of new drugs or treatments. Conducting such trials typically demands significant financial investment and meticulous planning, highlighting the need for accurate predictions...