... service customization The low customer participation and standardized service allow service firm in this quadrant to operate similar to factories that can take advantage of economy of scale The ... reactions to market prices DEA (Data Envelopment Analysis) is a mathematical programming based on nonparametric technique that is designed to compare and evaluate the relative efficiency ofa number of ... are still in the domain of traditional operations managementand lack of theoretical background on service operations management Thus, it is necessary to address a co-production approach as an...
... former case, there is the advantage of studying reactions to real art andthe disadvantage that any two works of art differ from each other in several different respects, so that the actual factor ... et al., 2006) Another major difference among the three studies is the task that participants were asked to perform Kawabata and Zeki (2004) asked their participants to rate the beauty ofthe ... encompasses the region identified by Vartanian and Goel (2004), and has been related with the assessment ofthe relevance of motivational and emotional information andthe regulation of emotional...
... more than half of 286 Testing the predictive power oftheframeworkThe QARLA probabilistic framework is designed to evaluate automatic summarisation systems and, at the same time, similarity ... estimates the quality of an automatic summary a ∈ A, given a set of models M anda similarity metric x An obvious first attempt would be to compute the average similarity ofato all model summaries ... with that test-bed is reliable (JACK measure) Formal constraints on any evaluation frameworkbased on similarity metrics We are looking foraframeworkto evaluate automatic summarisation systems...
... temporal artifacts in the halftone videos Therefore, perceptual quantitative measures for evaluating these artifacts are desirable Quantitative assessment of temporal artifacts can facilitate comparison ... dirty-window-effect Forthe perceptual evaluation of each artifact, a particular instantiation ofthe generalized framework, was presented andthe associated results were EURASIP Journal on Image and Video ... This instantiation ofthe flicker assessment framework is depicted in Figure In Figure 9, K, Q, and R each have a value of L, and S have each a value of P has a value of −1 The “Artifact Map” is...
... and signaling by activating HIF-1alpha in human salivary gland cancer cells Oral Oncol 2006, 42:593598 44 Hayashi M, Sakata M, Takeda T, Tahara M, Yamamoto T, Okamoto Y, Minekawa R, Isobe A, Ohmichi ... Stuckert P, Archila EM, De la Vega MA, Moreau LA, Shimamura A, D’Andrea AD: Fanconi anemia pathway-deficient tumor cells are hypersensitive to inhibition of ataxia telangiectasia mutated J Clin ... normal tissues andfor tackling ‘undruggable’ targets Technological advances, coupled with the availability of large siRNA and shRNA libraries, now make unbiased synthetic lethal screens in mammalian...
... a basic Japanese vocabulary list Both Sharoff and Ueyama and Baroni evaluated the results through a manual classification ofthe retrieved pages and by qualitative analysis ofthe words that are ... b1 The mean Euclidean distance between (ai , bi ) pairs is a value between and h, the length ofthe diagonal ofthe rectangle which is the union ofAand B Instead of drawing pairs we can draw ... between and h forthe other half ofthe points (those in A) Therefore, if m is large enough, the average distance between C and B (or A) must be smaller than the average distance between Aand B,...
... WT and MS-COH analysis related tothe theta and alpha bands When considering a total of 10 features, from the WT approach (FL, FR, CR, OL from the theta band and FL, PL, OL from the alpha band) ... score of 54.5%, 54.3% and 49% across the Alpha, Gamma1 and Theta bands respectively Over the same bands MS-COH obtained classification scores of 46.6% and 56% Based on these results and in an attempt ... the Beta band over the frontal lobe Forthe Gamma bands, WT also obtained relatively stable scores over the parietal and occipital brain areas, but as shown in the topographic maps earlier, the...
... timely and well worth reading, given the many changes afoot in the areas of exchange regulation and clearing.’ HARVEY L PITT Chief Executive Of cer of Kalorama Partners and former Chairman ofthe ... clearing organizations and banks should be interested in this scholarly work, as should relevant national authorities and central banks.’ JOHN MCPARTLAND Financial Markets Advisor tothe Federal ... independent academic methodology The findings ofthe book not necessarily represent theof cial stance of Barclays Capital The International Capital Market Association’s sponsorship of this publication aims...
... such as: r single interface and access to many markets and various CCPs (including centralised collateral and cash management services); r technical and operational support; r risk managementand ... relevant for risk management, as well as services valuable to users Cash management comprises operational and treasury management Operational cash management includes the processing of cash instructions ... Whereas these additional services are not essential tothe life cycle ofa trade, they offer important valueadded tothe trade’s counterparties These services are therefore referred to as value-added...
... LCH and Clearnet (formerly ICCH and MATIF) CME and SIMEX OCC and Amsterdam Clearing Corporation OM and OM London Exchange (OMLX) SIMEX and LCH TIFFE and LCH DTB and MATIF (Euro Alliance) LCH and ... safeguards usually consist ofa default fund, a margining regime that collateralises the obligations of both the clearing members and their customers andthe imposition of minimum financial and ... risk management software and infrastructure, the fees paid for this service are attributed tothe cost category service provider charges’ 94 Clearing Services for Global Markets accounts and the...
... business focus of clearer and area of responsibility of interviewee; and r geographical location All of these factors are interrelated As outlined above, the interviewees’ management position and industry ... coding and interpretation ofthe data were used to circumvent random or intuitive interpretations The criteria of internal and external validity are important in data interpretation:25 Results ofa ... employment ofa cost management system to manage and monitor these costs: eight clearing members confirmed the use ofa cost management system, while seven claimed to lack such a standardised approach to...
... of capital As outlined above, calculating, analysing and understanding the true cost of capital related to clearing is difficult for various reasons When asked to assess the cost of capital, the ... results ofthe cost analysis, mainly affecting the indirect cost categories All of these factors are detailed in the following paragraphs Whereas the validation ofthe data on clearing house charges ... clearing houses and integrating the received data with internal systems; the estimate therefore fails to incorporate the IT costs related to enhanced systems that manage complex tasks related to...
... marketplaces as a means to increase scale are the level of automation andthe use of standard interfaces The higher the level of automation andthe more common the use of standard interfaces, the ... to other parts ofthe transaction value chain The trust and collateral management effects can positively impact the liquidity and allocation of capital Negative effects on the trading layer can ... internalisation ofthe size, interface, collateral managementand fungibility effects Enlarging the range of complementary clearing services offered facilitates the internalisation ofthe complementary offering...
... particular can thus benefit from direct access tothe away market: Many ofthe Asian brokerage firms tend to be smaller; they don’t have the capital ofa Morgan Stanley or a Goldman Sachs, so the Asian ... necessarily an advantage tothe other side, and there is a cost involved So links are difficult things; unless you can persuade both parties that there is an advantage to each of them there is always ... or measurement of how banks or intermediaries in the market are covering the liabilities they have, then they will have to manage them more actively, banks themselves will have to manage them...
... any market other than that of Eurex thus requires the deployment ofa European clearing intermediary.121 All it is is a cheaper way of offering GCM services, at the end ofthe day Andthe reason ... clearing links usually afford regionally -to- globally active clearers the opportunity to disintermediate their clearing intermediaries forthe away market(s) Clearing intermediaries understandably ... network strategies have varying potential forthe realisation of network effects and economies of scale and scope The Transaction Cost Impact Matrix andthe Efficiency Impact Matrix analyse whether...
... 5.2.3, the same caveats apply tothe figures presented in the following.1 For details on the quantitative analysis andthe underlying assumptions, refer to Appendix An additional caveat applies tothe ... because potential partners usually not have the leeway to benefit from and further leverage their installed base r Single CCP initiatives (as a particular form of M &A initiatives) have the drawback ... and can influence the rules of clearing This is the only way for them to circumvent the risk of disintermediation andthe associated revenue losses r The analysis also supported the finding that...
... Oversight; and Markman, Natalie A. : Senior Special Counsel tothe Director, Division of Clearing and Intermediary Oversight; and Radhakrishnan, Ananda K.: Director, Division of Clearing and Intermediary ... extensive qualitative data obtained from the interviews served as vital input and formed the basis forthe cost analyses and case studies Nonetheless, more research based on quantitative data is needed ... economical forthe partnering clearing houses and serve customer demand Prior tothe implementation of any particular clearing link, it is thus crucial for clearing house managers to gain an understanding...
... house charges, which are accounted for at a later stage ofthe calculation of total clearing house charges; refer to step 1.3) r Based on the publicly available information on the number of cleared ... structures forthe benchmark clearing members andthe remaining 213 European clearers, as classified in Appendix This assumption was due toa lack of data that would have allowed for an accurate assessment ... estimate the effort in mandays No … did you have to adapt your operational/back-office procedures? Yes (no of man-days) (no of man-days) (no of man-days) (no of man-days) (no of...
... regulators are also taking careful note ofthe risks that clearing houses have to manage For similar reasons, other financial market policymakers have convened to establish appropriate standards for ... directly tothe national infrastructures is free to so as long as it meets the standards set by the SEC In addition, any organisation can apply for approval and registration as a clearing agency’.266 ... initiatives among European and American stock and derivatives exchanges are likely to spur further the debate on the efficiency and structure ofthe European and American clearing industries The...
... LCH and Clearnet (formerly ICCH and MATIF) CME and SIMEX OCC and Amsterdam Clearing Corporation OM and OM London Exchange (OMLX) SIMEX and LCH TIFFE and LCH DTB and MATIF (Euro Alliance) LCH and ... safeguards usually consist ofa default fund, a margining regime that collateralises the obligations of both the clearing members and their customers andthe imposition of minimum financial and ... risk management software and infrastructure, the fees paid for this service are attributed tothe cost category service provider charges’ 94 Clearing Services for Global Markets accounts and the...