scholarly journals Cognitive User Interface for Portfolio Optimization

2021 ◽  
Vol 14 (4) ◽  
pp. 180
Author(s):  
Yuehuan He ◽  
Oleksandr Romanko ◽  
Alina Sienkiewicz ◽  
Robert Seidman ◽  
Roy Kwon

This paper describes the development of a chatbot as a cognitive user interface for portfolio optimization. The financial portfolio optimization chatbot is proposed to provide an easy-to-use interface for portfolio optimization, including a wide range of investment objectives and flexibility to include a variety of constraints representing investment preferences when compared to existing online automated portfolio advisory services. Additionally, the use of a chatbot interface allows investors lacking a background in quantitative finance and optimization to utilize optimization services. The chatbot is capable of extracting investment preferences from natural text inputs, handling these inputs with a backend financial optimization solver, analyzing the results, and communicating the characteristics of the optimized portfolio back to the user. The architecture and design of the chatbot are presented, along with an implementation using the IBM Cloud, SS&C Algorithmics Portfolio Optimizer, and Slack as an example of this approach. The design and implementation using cloud applications provides scalability, potential performance improvements, and could inspire future applications for financial optimization services.

Author(s):  
Allan Matthews ◽  
Adrian Leyland

Over the past twenty years or so, there have been major steps forward both in the understanding of tribological mechanisms and in the development of new coating and treatment techniques to better “engineer” surfaces to achieve reductions in wear and friction. Particularly in the coatings tribology field, improved techniques and theories which enable us to study and understand the mechanisms occurring at the “nano”, “micro” and “macro” scale have allowed considerable progress to be made in (for example) understanding contact mechanisms and the influence of “third bodies” [1–5]. Over the same period, we have seen the emergence of the discipline which we now call “Surface Engineering”, by which, ideally, a bulk material (the ‘substrate’) and a coating are combined in a way that provides a cost-effective performance enhancement of which neither would be capable without the presence of the other. It is probably fair to say that the emergence and recognition of Surface Engineering as a field in its own right has been driven largely by the availability of “plasma”-based coating and treatment processes, which can provide surface properties which were previously unachievable. In particular, plasma-assisted (PA) physical vapour deposition (PVD) techniques, allowing wear-resistant ceramic thin films such as titanium nitride (TiN) to be deposited on a wide range of industrial tooling, gave a step-change in industrial productivity and manufactured product quality, and caught the attention of engineers due to the remarkable cost savings and performance improvements obtained. Subsequently, so-called 2nd- and 3rd-generation ceramic coatings (with multilayered or nanocomposite structures) have recently been developed [6–9], to further extend tool performance — the objective typically being to increase coating hardness further, or extend hardness capabilities to higher temperatures.


2020 ◽  
Vol 2 ◽  
pp. 107-121
Author(s):  
Kazimierz M. Łyszcz

The paper presents the problem of the frame, a clearly prevalent pattern in the selected activities of Bauhaus representatives. Despite only a dozen years of its existence, the school of modern architecture and design had a significant impact on the 20th-century world of art, and its social context, aesthetic and functions. In spite of its utilitarianist approach, it has developed a variety of standpoints that resulted in debates over the limits of art and have evolved into a wide range of creative movements that became a permanent feature of the art world. The essence of artistic activity evolved in this formation in two seemingly contradictory directions – towards a radical consolidation of the visual form, which is devoid of any decorations, and its gradual opening to the space surrounding the artistic and design activity. The first direction led to strengthening the integrity of the work and its materiality, while the second led to interference with the environment and the disappearance of the outline of the form. The diverse involvements and relations between these attitudes created different understandings of the frame encompassing the works.


Author(s):  
Karan Dhiman

The main purpose of the Online Food Ordering Management System is to use it in the food-service industry. This feature helps hotels and restaurants to increase their online food ordering systems. Customers can choose from a wide range of food menu items within just a few minutes. In today’s modern food business, it's also able to deliver fast and easily to a customer’s place. The work presented as Online Food Ordering Management System simplifies the ordering process. The proposed solution presents a user interface and changes the menu to include all available options, creating customer work easier. Allows customers to order any item that they like and adjust the quantity of the food item. The order confirmation is displayed to the customer on the Homepage of the website. The order is put to the queue, updated across both the database and the admin panel, and provided in real-time. This system aids the staff with checking over orders in real-time and executing them effectively and easily with few errors. Here, the customer can also reserve a table at a restaurant of his/her choice and will get the confirmation of their reserved table on the homepage of our website.


Author(s):  
Volker Herwig ◽  
Kristof Friess

Business Intelligence (BI) solutions are among the popular applications that businesses demand in the Cloud. Although Business Intelligence functionality is already provided in the Cloud, vendors concentrate on providing existing products like Software as a Service, ignoring changing business and provisioning models of software. Business Intelligence functionality provided in the Cloud is lacking important integration features needed by other Cloud-based applications. While a simple upload of the data to be analyzed into a Cloud-based BI solution is already possible and well established, the visualization of the results and the interactive parts of the analysis are always provided inside the Cloud-based BI solution itself. However, as this chapter shows, common usage scenarios of integrated Cloud applications demand an integration of the analysis reports from BI applications into the user interface of other Cloud-based applications. This chapter describes how a fully integrated Cloud-based BI solution can collaborate with other Cloud-based applications. The technical concept illustrated with an example delineates how the required interface can be provided.


2018 ◽  
Vol 47 (1) ◽  
pp. 4-16 ◽  
Author(s):  
Dipika Jain ◽  
Pinaki Chakraborty ◽  
Shampa Chakraverty

Smartphone apps have lately emerged as a potent instructional aid for teaching engineering courses. Teaching engineering courses often involve explaining complex problems that require creative solutions to students who are typically tech-savvy. This article reviews 10 smartphone apps that have been developed to teach engineering courses. The apps have been used to teach a wide range of engineering courses at undergraduate and graduate levels in classroom and laboratory environments. The apps help students to solve engineering problems by means of simulation and experimentation. They use techniques varying from algorithm visualization to augmented reality to enrich the courses. This article also provides suggestions on how to develop and use smartphone apps for teaching engineering courses. It is recommended that the developers of such apps pay special attention to their content, user interface, dissemination, and integration with the curriculum to get the best result.


Author(s):  
Vipin Sharma ◽  
Caroline C. Hayes

Abstract We present in this paper 1) operation ordering principles and 2) a customizable process planner, Intra-Setup Planner that implements those principles. The principles and the planner focus on sequencing cutting operations within individual setups for three and five axis prismatic milling applications. There is no general agreement on ordering principles largely because different shops have very different needs. To address a wide range of users’ needs, we have designed both the ordering principles and the Intra-Setup Planner to support flexibility rather than providing a single one-size-fits-all prescription for operation ordering. The Intra-Setup Planner provides a convenient user interface, Rule Editor through which users can select the ordering principles that suit their own situation, an automated planner that will follow the user selected principles, and a Plan Editor to allow final adjustments. The combination of flexible principles and user control maximize the strengths of human and machine intelligence.


1981 ◽  
Vol 25 (1) ◽  
pp. 136-136
Author(s):  
Lionel Mosing ◽  
Tony Ciuffini ◽  
Tony Villano

So that a wide range of users can and will make effective use of the functional richness now possible in electronically intensive, multi-functional office products, Xerox Printing Systems Division has developed an innovative approach to user/system interaction. Important elements in the progression from creation, through design, development and evaluation of this friendly user interface will be reviewed. These activities were integral to the product design process and its introduction. The symposium panel consists of a behavioral scientist, a physical scientist and a computer scientist who were intimately and interactively involved in the creation and development of this unique user interface for the Xerox 5700 Electronic Printing System. The effectiveness of the integrated, multidiscipline approach used to achieve early product introduction will be discussed. Innovation was in the user interface, the product and the process by which the user interface was achieved. Time will be set aside for audience interactions and questions.


2021 ◽  
Author(s):  
Ivana Stupar ◽  
Darko Huljenić

Abstract Many of the currently existing solutions for cloud cost optimisation are aimed at cloud infrastructure providers, and they often deal only with specific types of application services, leaving the providers of cloud applications without the suitable cost optimization solution, especially concerning the wide range of different application types. In this paper, we present an approach that aims to provide an optimisation solution for the providers of applications hosted in the cloud environments, applicable at the early phase of a cloud application lifecycle and for a wide range of application services. The focus of this research is development of the method for identifying optimised service deployment option in available cloud environments based on the model of the service and its context, with the aim of minimising the operational cost of the cloud service, while fulfilling the requirements defined by the service level agreement. A cloud application context metamodel is proposed that includes parameters related to both the application service and the cloud infrastructure relevant for the cost and quality of service. By using the proposed optimisation method, the knowledge is gained about the effects that the cloud application context parameters have on the service cost and quality of service, which is then used to determine the optimised service deployment option. The service models are validated using cloud application services deployed in laboratory conditions, and the optimisation method is validated using the simulations based on proposed cloud application context metamodel. The experimental results based on two cloud application services demonstrate the ability of the proposed approach to provide relevant information about the impact of cloud application context parameters on service cost and quality of service, and use this information in the optimisation aimed at reducing service operational cost while preserving the acceptable service quality level. The results indicate the applicability and relevance of the proposed approach for cloud applications in the early service lifecycle phase since application providers can gain useful insights regarding service deployment decision without acquiring extensive datasets for the analysis.


Author(s):  
Doon MacDonald ◽  
Tony Stockman

This paper presents SoundTrAD, a method and tool for designing auditory displays for the user interface. SoundTrAD brings together ideas from user interface design and soundtrack composition and supports novice auditory display designers in building an auditory user interface. The paper argues for the need for such a method before going on to describe the fundamental structure of the method and construction of the supporting tools. The second half of the paper applies SoundTrAD to an autonomous driving scenario and demonstrates its use in prototyping ADs for a wide range of scenarios.


Entropy ◽  
2020 ◽  
Vol 22 (8) ◽  
pp. 805
Author(s):  
Peter Joseph Mercurio ◽  
Yuehua Wu ◽  
Hong Xie

In this third and final paper of our series on the topic of portfolio optimization, we introduce a further generalized portfolio selection method called generalized entropic portfolio optimization (GEPO). GEPO extends discrete entropic portfolio optimization (DEPO) to include intervals of continuous returns, with direct application to a wide range of option strategies. This lays the groundwork for an adaptable optimization framework that can accommodate a wealth of option portfolios, including popular strategies such as covered calls, married puts, credit spreads, straddles, strangles, butterfly spreads, and even iron condors. These option strategies exhibit mixed returns: a combination of discrete and continuous returns with performance best measured by portfolio growth rate, making entropic portfolio optimization an ideal method for option portfolio selection. GEPO provides the mathematical tools to select efficient option portfolios based on their growth rate and relative entropy. We provide an example of GEPO applied to real market option portfolio selection and demonstrate how GEPO outperforms traditional Kelly criterion strategies.


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