scholarly journals A Financial Simulation Modeling for Major University in the Middle East

Teknoin ◽  
2019 ◽  
Vol 25 (1) ◽  
pp. 1-10
Author(s):  
Ahmed Atef Bakhsh
Keyword(s):  
Decision Making ◽  
Middle East ◽  
Simulation Model ◽  
Subject Matter ◽  
Simulation Modeling ◽  
Object Oriented ◽  
Subject Matter Experts ◽  
Financial Model ◽  
The Subject ◽  
Financial Issues

In the present economic environment, it is critical for organizations to precisely monitor and forecast financial issues for better decision-making. This study constructed a model for the college of Engineering's financial operation of a major University in the Middle East by looking at the numbers of its revenues and expenses. Moreover, object-oriented simulation (OOS) tools is used for the financial model that support the subject matter experts in how the model can be used to help them make decisions regarding topics such as: does it make sense to introduce a new major now or in the future, should the college try to enroll more students, or even should a specific course be offered at a specific semester. The simulation model help in financial terms only.

scholarly journals Epistemic Uncertainty Analysis: An Approach Using Expert Judgment and Evidential Credibility

2012 ◽  
Vol 2012 ◽  
pp. 1-8 ◽  
Author(s):  
Patrick Hester
Keyword(s):  
Decision Making ◽  
Probability Theory ◽  
Air Force ◽  
Subject Matter ◽  
Epistemic Uncertainty ◽  
Expert Judgment ◽  
Decision Makers ◽  
Expert Analysis ◽  
Physical Attributes ◽  
The Subject

When dealing with complex systems, all decision making occurs under some level of uncertainty. This is due to the physical attributes of the system being analyzed, the environment in which the system operates, and the individuals which operate the system. Techniques for decision making that rely on traditional probability theory have been extensively pursued to incorporate these inherent aleatory uncertainties. However, complex problems also typically include epistemic uncertainties that result from lack of knowledge. These problems are fundamentally different and cannot be addressed in the same fashion. In these instances, decision makers typically use subject matter expert judgment to assist in the analysis of uncertainty. The difficulty with expert analysis, however, is in assessing the accuracy of the expert's input. The credibility of different information can vary widely depending on the expert’s familiarity with the subject matter and their intentional (i.e., a preference for one alternative over another) and unintentional biases (heuristics, anchoring, etc.). This paper proposes the metric of evidential credibility to deal with this issue. The proposed approach is ultimately demonstrated on an example problem concerned with the estimation of aircraft maintenance times for the Turkish Air Force.

scholarly journals Pengembangan e-learning berbasis chamilo pada pembelajaran simulasi dan komunikasi digital

2020 ◽  
Vol 7 (1) ◽  
pp. 1-11
Author(s):  
Izzah Tiari ◽  
Zulkardi Zulkardi ◽  
Sardianto Markos Siahaan
Keyword(s):  
Learning Outcomes ◽  
Subject Matter ◽  
Development Stage ◽  
Online Collaboration ◽  
Learning Design ◽  
Subject Matter Experts ◽  
Materials Simulation ◽  
E Learning ◽  
The Subject ◽  
Level Medium

E-learning berbasis Chamilo telah berhasil dikembangkan pada pembelajaran simulasi dan komunikasi digital di SMK Negeri 5 Palembang. Penelitian bertujuan untuk mengetahui kevalidan, kepraktisan, dan efektifitas e-learning terhadap mata pelajaran fitur kolaboratif daring. Tahapan Penelitian pengembangan ini terdiri dari tahap perencanaan, desain, dan pengembangan. E-learning yang telah dikembangkan kemudian diuji kevalidan oleh ahli, diuji kepraktisan oleh peserta didik, dan diuji efektifitas dengan mengimplementasikan e-learning di SMK Negeri 5 Palembang. Pengembangan e-learning menggunakan model Alessi dan Trollip. Dari penelitian ini didapatkan bahwa 1.) E-learning teruji kevalidan dengan penilaian oleh ahli media terhadap e-learning sebesar 89,47%, penilaian oleh ahli materi sebesar 84,62%, dan penilaian ahli desain pembelajaran sebesar 81,82%; 2.) E-learning teruji kepraktisannya dengan penilaian dari 3 peserta didik tingkat rendah, sedang, dan atas dengan rata-rata sebesar 86,10%; dan 3.) E-learning teruji efektifitas meningkatkan hasil belajar peserta didik dilihat dari adanya gain sebesar 0,70 yang termasuk kedalam kategori tinggi.AbstractE-Learning of Chamilo based has been developed for materials simulation and communication digital in SMK Negeri 5 Palembang. The research aims to know validity, practicality, and effectiveness e-learning features on the subject matter of online collaboration features. This research development stage consists of the plan, design, and development phase. E-learning features that have been developed and then tested validity by experts, tested practicality by students, and tested for effectiveness by implementation e-learning in SMK Negeri 5 Palembang. The development of e-learning used the Alessi and Trollip model. From this study, it was found that 1.) The assessment e-learning features have been validity tested by media experts at 89.47%, by subject matter experts of 84,62%, and by learning design experts of 81,82%; 2.) The assessment of e-learning features has been practicality tested by three students’ low level, medium, and high an average by 86,10%; and 3.) E-learning features have been effectively tested to improving students learning outcomes seen from a gain of 0.70 included in the high category.

scholarly journals Simulation Research of Business Processes with Queues Using GPSS Studio Modeling Environment

2020 ◽  
Vol 24 (3) ◽  
pp. 67-77
Author(s):  
V. V. Devyatkov ◽  
A. V. V.Gabalin
Keyword(s):  
Simulation Model ◽  
Business Process ◽  
Simulation Modeling ◽  
Process Model ◽  
Business Processes ◽  
Domain Specific ◽  
Modeling Environment ◽  
Time Parameters ◽  
The Subject ◽  
The Creation

The purpose of research. The goal of this study is to analyze different domestic software packages intended for modeling of business processes involving queues and time parameters. The main analysis criteria are: the possibility of graphical development or conversion of the business process block diagram to the model; automatic generation of simulation model; quick and convenient construction of domain-specific application; the variety of result analysis tools. The relevance of the problems to choose the optimal modeling tool is determined by the need to use only domestic software for business process investigation in the military and some scientific organizations, and by the lack of information about existing software products. In this paper, the subject of study is the Russian simulation modeling environment GPSS Studio.Materials and methods. In this article, the analysis of the possibility of effective usage of GPSS Studio environment during business processes analysis and synthesis is performed. The study was performed on the available examples of different applications of this tool, and by the creation of the model analyzing business processes that are typical for any HR department.Results. Taking into account the performed analysis of functionality and practical applications of the GPSS Studio environment, the good prospects of its application for modeling of business processes involving queues and time parameters are shown. The further system improvements intended for effective business process modeling are proposed.Conclusion. As a result of the performed study, we can do the following conclusions and recommendations:– The GPSS Studio graphical editor can be successfully used for the graphical description of the business processes when it is required to analyze: queues, the load of resources, and the time characteristics of the processing,– The simulation model is automatically generated from the graphical description. The produced model can be finally debugged and verified with the GPSS Studio,– The standalone simulation application working in terms of the subject domain can be built from the simulation model using the simulation environment,– Using this application, it is possible to perform complex business process simulation modeling by means of varying system parameters and performing of singular experiments, a series of dedicated experiments, and optimizing experiments,– Since the GPSS Studio concepts include the possibility to create domain-specific libraries of standard blocks, it is possible to create a library of standard elements similar to IDEF, BPMN, DFD block charts to facilitate faster description and modeling of business processes. After the creation of such a library, there would be no need to manually write GPSS code, since the business process model could be built by a simple connection of standard blocks.

Simulation Modeling as a Decision-Making Aid in Economic Evaluation for Randomized Clinical Trials

2011 ◽  
pp. 1738-1758
Author(s):  
Tillal Eldabi ◽  
Robert D. Macredie ◽  
Ray J. Paul
Keyword(s):  
Clinical Trial ◽  
Decision Making ◽  
Clinical Trials ◽  
Economic Evaluation ◽  
Simulation Model ◽  
Randomized Clinical Trial ◽  
Simulation Modeling ◽  
Randomized Clinical Trials ◽  
Healthcare Systems ◽  
Modeling Process

This chapter reports on the use of simulation in supporting decision-making about what data to collect in a randomized clinical trial (RCT). We show how simulation also allows the identification of critical variables in the RCT by measuring their effects on the simulation model’s “behavior.” Healthcare systems pose many of the challenges, including difficulty in understanding the system being studied, uncertainty over which data to collect, and problems of communication between problem owners. In this chapter we show how simulation also allows the identification of critical variables in the RCT by measuring their effects on the simulation model’s “behavior.” The experience of developing the simulation model leads us to suggest simple but extremely valuable lessons. The first relates to the inclusion of stakeholders in the modeling process and the accessibility of the resulting models. The ownership and confidence felt by stakeholders in our case is, we feel, extremely important and may provide an example to others developing models.

Buying subject-matter expertise: an innovative approach to business classes

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Philip English ◽  
Rachel Gordon
Keyword(s):  
Student Learning ◽  
Subject Matter ◽  
Course Design ◽  
Technical Problem ◽  
Time Frame ◽  
Quality Analysis ◽  
Subject Matter Experts ◽  
Content Type ◽  
Subject Matter Expertise ◽  
The Subject

PurposeThis paper introduces a new instructional design for executive programs that combined a flipped classroom methodology and experiential learning to address the challenge of teaching highly technical material in a compressed time frame. In practice, when decision-making executives lack technical expertise and face a highly technical problem, they contract for subject-matter expertise (SME) within the firm or through hiring consultants. The authors show how this can be done in a classroom setting to enhance the learning experience.Design/methodology/approachThe classroom approach utilizes students from other programs as analysts for executive MBA (EMBA) teams faced with case analysis that involves technical issues in finance. The analysts act as subject-matter experts for the EMBA students.FindingsExecutive student learning is not eroded by relying on the analysts, and, moreover, the use of analysts enhances EMBA student understandingPractical implicationsExecutives are able, in a short time frame, to produce high quality analysis by utilizing the subject-matter experts. Executives also learn how to ask the right questions and evaluate the quality of the analysis created by the subject-matter experts. The subject-matter experts, who are also students, derive added benefits of an employment experience in finance, learning how to interpret instructions about the analysis and how to respond to feedback.Originality/valueThe paper illustrates a new course design where the course's technical analysis aspects mimic work environments enhancing student learning.

scholarly journals Bargaining structure and bargaining scope in New Zealand: the climate of employer opinion

1970 ◽  
Vol 14 (2) ◽  
Author(s):  
Ian McAndrew
Keyword(s):  
Decision Making ◽  
New Zealand ◽  
Subject Matter ◽  
Management Strategy ◽  
Operational Decisions ◽  
Labour Relations ◽  
The Subject ◽  
Legal Restrictions ◽  
Employer Support ◽  
Current Union

The Labour Relations Act 1987 removed legal restrictions on the subject matter of bargaining. This article reports the results of a survey of employer opinion on current union involvement in plant decision making and on future bargaining scope. Little current union involvement is reported in either operational decisions or more basic management strategy decisions. Some limited employer support is found for the notion that bargaining scope should expand with decentralization of the bargaining structure.

scholarly journals Pengembangan multimedia pembelajaran mata pelajaran teori musik kelas X SMK Negeri 2 Kasihan Bantul

2018 ◽  
Vol 5 (2) ◽  
pp. 129-139
Author(s):  
Erni Purwaning Hastuti ◽  
Sunaryo Soenarto
Keyword(s):  
Research And Development ◽  
Music Theory ◽  
Subject Matter ◽  
Test Score ◽  
Subject Matter Experts ◽  
Three Phase ◽  
Good Score ◽  
Time Signature ◽  
The Subject ◽  
Beta Test

Penelitian ini bertujuan untuk: (1) menghasilkan produk multimedia pembelajaran teori musik untuk kelas X SMK Negeri 2 Kasihan Bantul yang berisikan tentang bentuk, nilai nada, dan sukat; (2) mengetahui kelayakan produk multimedia yang dihasilkan, (3) mengungkapkan keefektifan produk multimedia yang dihasilkan. Penelitian ini merupakan penelitian dan pengembangan yang diadaptasi dari model Alessi & Trollip, yang mencakup tahapan kegiatan sebagai berikut: perencanaan, desain, dan pengembangan. Hasil  penelitian ini adalah sebagai berikut (1) produk yang dihasikan adalah multimedia interaktif yang terdiri dari kompetensi, materi, rangkuman, dan evaluasi. (2) Berdasar validasi ahli materi, ahli media dan uji beta, produk multimedia pembelajaran teori musik yang dikembangkan layak digunakan untuk pembelajaran. Kelayakan dapat diperoleh berdasarkan hasil penilaian ahli materi dengan nilai 4,03 (Baik), ahli media dengan nilai 4,32 (Sangat Baik) dan uji beta dengan nilai 4,25 (Sangat Baik). (3) Berdasarkan hasil analisis skor rata-rata n-gain  dari pretest dan posttest sebesar 0,68 dengan kriteria sedang, maka disimpulkan produk multimedia pembelajaran teori musik kelas X ini efektif untuk meningkatkan pemahaman siswa tentang materi bentuk, nilai nada, dan sukat.Kata kunci: multimedia pembelajaran teori musik DEVELOPING TEACHING MULTIMEDIA OF MUSIC THEORY SUBJECT FOR CLASS X OF SMK NEGERI 2 KASIHAN BANTUL.AbstractThis research aimed: (1)  to develop music theory teaching multimedia for class X of SMK Negeri 2 Kasihan Bantul, containing the form, value and time signature;  (2)  to reveal the feasibility of the developed teaching multimedia; (3) to reveal the  effectiveness of the developed teaching multimedia. This research was research and development  adapted from  Alessi & Trollip  models that covered three-phase activities: planning, design, and  development. The result was as follows. (1) the product resulted was interactive multimedia that consist of competencies, materials, summary and evaluation. (2) The developed music theory teaching multimedia was advisable to use for teaching according to subject matter experts, media experts, and Beta test. The advisability could be obtained based on the subject matter experts’ appraisal score of  4.03 (good), media experts’ score of 4.32 (very good) and Beta test score of  4.25 (very good score). (3) Based on the analysis result of the  N-Gain mean score from the pretest and posttest 0,68 which fell,   in the average criteria, It was  concluded that the developed music theory  teaching multimedia off class X is  effective to elevate students’ comprehension on the  material of form note value, and time signature.Keywords: music theory teaching multimedia

scholarly journals Ahmed M. Abohebeish - Introduction to Islamic Rules of Financial Accounting

ICR Journal ◽  
2018 ◽  
Vol 9 (3) ◽  
pp. 413-415
Author(s):  
Rubaiyat Ahsan Bhuiyan
Keyword(s):  
Comparative Analysis ◽  
Middle East ◽  
Subject Matter ◽  
Financial Accounting ◽  
Years Of Experience ◽  
Recent Addition ◽  
The Subject

Introduction to Islamic Rules of Financial Accounting by Ahmed M. Abohebeish can be considered a recent addition to the growing literature on Islamic accounting. He taught accounting at many universities in USA and Middle East. He has more than 30 years of experience in the field of accounting in national and international corporations. The author has researched the subject matter for 25 years. Rather than using a common title such as Islamic Accounting, the author uses Islamic Rules of Financial Accounting. The author mentions that this book can be helpful for both Muslims and non-Muslims. Muslims will be able to know about this issue in the light of their own religion and non-Muslims can evaluate and criticise the Islamic theories. One important aspect of this book is that the author makes a comparative analysis of the Western practices and the Islamic rules of financial accounting.

scholarly journals HoloMentor: A Novel Mixed Reality Surgical Anatomy Curriculum for Robot-assisted Radical Prostatectomy

2021 ◽  
Author(s):  
Zoe-Athena Papalois ◽  
Abdullatif Aydın ◽  
Azhar Khan ◽  
Evangelos Mazaris ◽  
Anand Sivaprakash Rathnasamy Muthusamy ◽  
...  
Keyword(s):  
Decision Making ◽  
Virtual Reality ◽  
Subject Matter ◽  
Technical Skills ◽  
Surgical Anatomy ◽  
Imperial College ◽  
Subject Matter Experts ◽  
Surgical Decision ◽  
King's College ◽  
Surgical Decision Making

ABSTRACT Objectives: The disruption to surgical training and medical education caused by the global COVID-19 pandemic highlighted the need for realistic, reliable, and engaging educational opportunities available outside of the operating theatre and accessible for trainees of all levels. This paper presents the design and development of a virtual reality curriculum which simulates the surgical mentorship experience outside of the operating theatre, with a focus on surgical anatomy and surgical decision making. Method: This was a multi-institutional study between London’s King’s College and Imperial College. The index procedure selected for the module was robotic radical prostatectomy. For each stage of the surgical procedure, subject-matter experts (N=3) at King’s College London, identified: (1) the critical surgical-decision making points, (2) critical anatomical landmarks and (3) tips and techniques for overcoming intraoperative challenges. Content validity was determined by an independent panel of subject-matter experts (N=8) at Imperial College, London using Fleiss’ Kappa statistic. The experts’ teaching points were combined with operative footage and illustrative animations and projected onto a virtual reality headset. The module was piloted to Surgical Science students (N=15). Quantitative analysis compared participants' confidence regarding their anatomical knowledge before and after taking the module. Qualitative data was gathered from students regarding their views on using the virtual reality model. Results: Multi-rater agreement between experts was above the 70.0% threshold for all steps of the procedure. 73% of pilot study participants ‘agreed’ or ‘strongly agreed’ that they achieved a better understanding of surgical anatomy and the rationale behind each procedural step. This was reflected in an increase in the median knowledge score after trialing the curriculum (p<0.001). 100% of subject-matter experts and 93.3% of participants ‘agreed’ or ‘strongly agreed’ that virtual mentorship would be useful for future surgical training. Conclusions: This study demonstrated that virtual surgical mentorship could be a feasible and cost-effective alternative to traditional training methods with the potential to improve technical skills, such as operative proficiency and non-technical skills such as decision-making and situational judgement.  

Simulation Modeling as a Decision-Making Aid in Economic Evaluation for Randomized Clinical Trials

2008 ◽  
pp. 219-243 ◽  
Author(s):  
Tillal Eldabi ◽  
Robert D. Macredie ◽  
Ray J. Paul
Keyword(s):  
Clinical Trial ◽  
Decision Making ◽  
Clinical Trials ◽  
Economic Evaluation ◽  
Simulation Model ◽  
Randomized Clinical Trial ◽  
Simulation Modeling ◽  
Randomized Clinical Trials ◽  
Healthcare Systems ◽  
Modeling Process

This chapter reports on the use of simulation in supporting decision-making about what data to collect in a randomized clinical trial (RCT). We show how simulation also allows the identification of critical variables in the RCT by measuring their effects on the simulation model’s “behavior.” Healthcare systems pose many of the challenges, including difficulty in understanding the system being studied, uncertainty over which data to collect, and problems of communication between problem owners. In this chapter we show how simulation also allows the identification of critical variables in the RCT by measuring their effects on the simulation model’s “behavior.” The experience of developing the simulation model leads us to suggest simple but extremely valuable lessons. The first relates to the inclusion of stakeholders in the modeling process and the accessibility of the resulting models. The ownership and confidence felt by stakeholders in our case is, we feel, extremely important and may provide an example to others developing models.

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