In economics, the Gini coefficient, also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality within a nation or a social group. It was developed by Italian statistician and sociologist Corrado Gini.
Stoichiometry is the relationship between the weights of reactants and products before, during, and following chemical reactions.
In telecommunication engineering, and in particular teletraffic engineering, the quality of voice service is specified by two measures: the grade of service (GoS) and the quality of service (QoS).
Mean time between failures (MTBF) is the predicted elapsed time between inherent failures of a mechanical or electronic system during normal system operation. MTBF can be calculated as the arithmetic mean (average) time between failures of a system. The term is used for repairable systems while mean time to failure (MTTF) denotes the expected time to failure for a non-repairable system.
In finance, the duration of a financial asset that consists of fixed cash flows, such as a bond, is the weighted average of the times until those fixed cash flows are received. When the price of an asset is considered as a function of yield, duration also measures the price sensitivity to yield, the rate of change of price with respect to yield, or the percentage change in price for a parallel shift in yields.
A golf handicap is a numerical measure of a golfer's ability, or potential ability, that is used to enable players of different abilities to compete against one another. Better players are those with the lowest handicaps.
Net run rate (NRR) is a statistical method used in analysing teamwork and/or performance in cricket. It is the most commonly used method of ranking teams with equal points in limited overs league competitions, similar to goal difference in football.
The System Average Interruption Frequency Index (SAIFI) is commonly used as a reliability index by electric power utilities. SAIFI is the average number of interruptions that a customer would experience, and is calculated as
The Customer Average Interruption Duration Index (CAIDI) is a reliability index commonly used by electric power utilities. It is related to SAIDI and SAIFI, and is calculated as
An outage management system (OMS) is a computer system used by operators of electric distribution systems to assist in restoration of power.
The Momentary Average Interruption Frequency Index (MAIFI) is a reliability index used by electric power utilities. MAIFI is the average number of momentary interruptions that a customer would experience during a given period. Electric power utilities may define momentary interruptions differently, with some considering a momentary interruption to be an outage of less than 1 minute in duration while others may consider a momentary interruption to be an outage of less than 5 minutes in duration.
The Customer Average Interruption Frequency Index (CAIFI) is a popular reliability index used in the reliability analysis of an electric power system. It is designed to show trends in customers interrupted and helps to show the number of customers affected out of the whole customer base.
Krippendorff's alpha coefficient, named after academic Klaus Krippendorff, is a statistical measure of the agreement achieved when coding a set of units of analysis. Since the 1970s, alpha has been used in content analysis where textual units are categorized by trained readers, in counseling and survey research where experts code open-ended interview data into analyzable terms, in psychological testing where alternative tests of the same phenomena need to be compared, or in observational studies where unstructured happenings are recorded for subsequent analysis.
Delivery reliability is one of the five attributes in supply-chain management according to SCOR-model, developed by the management consulting firm PRTM, now part of PricewaterhouseCoopers LLP (PwC) and endorsed by the Supply-Chain Council (SCC) as the cross-industry de facto standard diagnostic tool for supply chain management, SCOR measures the supplier’s ability to predictably complete processes as promised. It is measured by perfect order fulfillment and demonstrates the degree to which a supplier is able to serve its customers within the promised delivery time.
Delivery performance (DP) is a broadly used standard KPI measurement in supply chains to measure the fulfillment of a customers demand to the wish date. Following the nomenclature of the DR-DP-Matrix three main approaches to measure DP can be distinguished:
The Average Service Availability Index (ASAI) is a reliability index commonly used by electric power utilities. ASAI is calculated as
The Average Service Unavailability Index (ASUI) is a reliability index commonly used by electric power utilities. It is calculated as
The Customer Total Average Interruption Duration Index (CTAIDI) is a reliability index associated with electric power distribution. CTAIDI is the average total duration of interruption for customers who had at least one interruption during the period of analysis, and is calculated as:
Evaluation measures for an information retrieval (IR) system assess how well an index, search engine or database returns results from a collection of resources that satisfy a user's query. They are therefore fundamental to the success of information systems and digital platforms. The success of an IR system may be judged by a range of criteria including relevance, speed, user satisfaction, usability, efficiency and reliability. However, the most important factor in determining a system's effectiveness for users is the overall relevance of results retrieved in response to a query. Evaluation measures may be categorised in various ways including offline or online, user-based or system-based and include methods such as observed user behaviour, test collections, precision and recall, and scores from prepared benchmark test sets.
Reliability index is an attempt to quantitatively assess the reliability of a system using a single numerical value. The set of reliability indices varies depending on the field of engineering, multiple different indices may be used to characterize a single system. In the simple case of an object that cannot be used or repaired once it fails, a useful index is the mean time to failure representing an expectation of the object's service lifetime. Another cross-disciplinary index is forced outage rate (FOR), a probability that a particular type of a device is out of order. Reliability indices are extensively used in the modern electricity regulation.
