Outputs (6)

On nonparametric predictive inference for asset and European option trading in the binomial tree model (2019)
Journal Article
Chen, J., Coolen, F., & Coolen-Maturi, T. (2019). On nonparametric predictive inference for asset and European option trading in the binomial tree model. Journal of the Operational Research Society, 70(10), 1678-1691. https://doi.org/10.1080/01605682.2019.1643682

This paper introduces a novel method for asset and option trading in a binomial scenario. This method uses nonparametric predictive inference (NPI), a statistical methodology within im- precise probability theory. Instead of inducing a single probabi... Read More about On nonparametric predictive inference for asset and European option trading in the binomial tree model.

A new study on reliability importance analysis of phased mission systems (2019)
Journal Article
Huang, X., Coolen, F., Coolen-Maturi, T., & Zhang, Y. (2020). A new study on reliability importance analysis of phased mission systems. IEEE Transactions on Reliability, 69(2), 522-532. https://doi.org/10.1109/tr.2019.2923695

Reliability importance which serves to quantify the influence of each component (or each type of components) in each phase on the reliability of a phased mission system (PMS) plays an important role in security assessment and risk management. In this... Read More about A new study on reliability importance analysis of phased mission systems.

Competing risks survival analysis of ruptured gas pipelines: A nonparametric predictive approach (2019)
Journal Article
Tee, K. F., Pesinis, K., & Coolen-Maturi, T. (2019). Competing risks survival analysis of ruptured gas pipelines: A nonparametric predictive approach. International Journal of Pressure Vessels and Piping, 175, Article 103919. https://doi.org/10.1016/j.ijpvp.2019.06.001

Risk analysis based on historical failure data can form an integral part of the integrity management of oil and gas pipelines. The scarcity and lack of consistency in the information provided by major incident databases leads to non-specific results... Read More about Competing risks survival analysis of ruptured gas pipelines: A nonparametric predictive approach.

Nonparametric predictive comparison of two diagnostic tests based on total numbers of correctly diagnosed individuals (2019)
Journal Article
Alabdulhadi, M., Coolen, F., & Coolen-Maturi, T. (2019). Nonparametric predictive comparison of two diagnostic tests based on total numbers of correctly diagnosed individuals. Journal of statistical theory and practice, 13, Article 38. https://doi.org/10.1007/s42519-019-0039-6

In clinical applications, it is important to compare and study the ability of diagnostic tests to discriminate between individuals with and without the disease. In this paper, comparison of two diagnostic tests is presented and discussed using nonpar... Read More about Nonparametric predictive comparison of two diagnostic tests based on total numbers of correctly diagnosed individuals.

Nonparametric Predictive Inference for European Option Pricing based on the Binomial Tree Model (2019)
Journal Article
He, T., Coolen, F., & Coolen-Maturi, T. (2019). Nonparametric Predictive Inference for European Option Pricing based on the Binomial Tree Model. Journal of the Operational Research Society, 70(10), 1692-1708. https://doi.org/10.1080/01605682.2018.1495997

In finance, option pricing is one of the main topics. A basic model for option pricing is the Binomial Tree Model, proposed by Cox, Ross, and Rubinstein in 1979 (CRR). This model assumes that the underlying asset price follows a binomial distribution... Read More about Nonparametric Predictive Inference for European Option Pricing based on the Binomial Tree Model.

A heuristic survival signature based approach for reliability-redundancy allocation (2019)
Journal Article
Huang, X., Coolen, F., & Coolen-Maturi, T. (2019). A heuristic survival signature based approach for reliability-redundancy allocation. Reliability Engineering & System Safety, 185, 511-517. https://doi.org/10.1016/j.ress.2019.02.010

In recent research, the major focus on reliability-redundancy allocation problems has been on the possibility of using more efficient and effective algorithms to improve convergence speed and solution accuracy of the optimization model. But the model... Read More about A heuristic survival signature based approach for reliability-redundancy allocation.