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Improving Design Preference Prediction Accuracy Using Feature Learning

Journal of Mechanical Design
Articles
Published: 2016
Author(s): A. Burnap, Y. Pan, Y. Liu, Y. Ren, H. Lee, R. Gonzalez, and P. Y. Papalambros
Abstract

Quantitative preference models are used to predict customer choices among design alter-
natives by collecting prior purchase data or survey answers. This paper examines how to
improve the prediction accuracy of such models without collecting more data or chang-
ing the model. We propose to use features as an intermediary between the original
customer-linked design variables and the preference model, transforming the original
variables into a feature representation that captures the underlying design preference
task more effectively. We apply this idea to automobile purchase decisions using three
feature learning methods (principal component analysis (PCA), low rank and sparse
matrix decomposition (LSD), and exponential sparse restricted Boltzmann machine
(RBM)) and show that the use of features offers improvement in prediction accuracy
using over 1 million real passenger vehicle purchase data. We then show that the inter-
pretation and visualization of these feature representations may be used to help augment
data-driven design decisions.

Momentum Crashes

Journal of Financial Economics
Articles
Published: 2016
Author(s): T. Moskowitz and K. Daniel

Optimal Control of a Terror Queue

European Journal of Operational Research
Articles
Published: 2016
Author(s): E. H. Kaplan, A. Seidl, J. P. Caulkins, S. Wrzaczek and G. Feichtinger

Palm Oil 2016

Case Study
Published: 2016
Suggested Citation: Jaan Elias, Kenneth Richards, Vero Bourg-Meyer, and Greg MacDonald, “Palm Oil 2016,” Global Network for Advanced Management Case 010-16, April 4, 2016.
Abstract

The Indonesian Palm Oil Pledge (IPOP) was an agreement formed in 2014 by the four largest palm oil trading companies, committing to end deforestation, peatland development, and local exploitation not only in their operations but also across their supply chains. This pledge was initially viewed as a landmark victory for environmental NGOs, representing a significant step forward in the efforts to protect the Indonesian rainforest. However, by 2015, the situation had deteriorated. The Indonesian government, under pressure from domestic interests, began urging companies to withdraw from IPOP. The severe fire season of that year, driven by deforestation and peatland burning for palm oil plantations, further illustrated the agreement's shortcomings and the challenges of enforcement.

In the wake of IPOP’s collapse, several major challenges face business, non-profit, and government actors involved in the palm oil industry. Businesses like Wilmar, the world's largest palm oil trader, encounter difficulties in policing their supply chains to ensure compliance with NDPE (No Deforestation, No Peat, No Exploitation) standards under continuous NGO scrutiny. Additionally, threats of suppliers bypassing Wilmar to sell to markets indifferent to sustainability, such as China and India, threaten the company’s business. On the other hand, the potential loss of concessions designated for conservation due to unfavorable government reaction poses a financial threat as well.

Non-profits, including Greenpeace, grapple with strategic dilemmas about how to pressure the industry to adopt NDPE standards effectively. They must balance the need to enforce stringent environmental standards against the risk of economically harming companies supportive of sustainable practices, all while identifying effective levers of influence.

Government officials sympathetic to environmental concerns face the challenge of formulating policies that balance Indonesia's development needs with environmental protection. They must navigate the intricacies of policy implementation and enforcement in a decentralized governance structure riddled with corruption and ambiguous land-use laws.

Developed in partnership with the National University of Singapore Business School