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Applied Stochastic Models in Business and Industry
H-index 13

Applied Stochastic Models in Business and Industry

Ranking & Metrics

Discipline name Position Best Scientists Publications D-Index
Mathematics 278 22 48 10

Additional Metrics

Number of Best Scientists*: 48
Documents by Best Scientists*: 76
Top 100 Ranked Scientists*: 1
SCIMAGO H-index: 48
SCIMAGO SJR: 0.428
Impact Factor: 1.5

Overview

Top Research Topics at Applied Stochastic Models in Business and Industry?

Applied Stochastic Models in Business and Industry mainly deals with areas of study such as Econometrics, Statistics, Mathematical optimization, Bayesian probability and Applied mathematics. The Econometrics study featured in Applied Stochastic Models in Business and Industry draws parallels with the field of Markov chain Monte Carlo. It connects research in Statistics with the related topic of Control chart.

The main emphasis of Applied Stochastic Models in Business and Industry is the research on Bayesian probability, emphasizing the topic of Bayesian inference.

  • Econometrics (26.85%)
  • Statistics (18.80%)
  • Mathematical optimization (9.26%)

What are the most cited papers published in the journal?

  • Applications of Hilbert–Huang transform to non-stationary financial time series analysis (378 citations)
  • Stochastic modelling and analysis of degradation for highly reliable products (322 citations)
  • A modern Bayesian look at the multi-armed bandit (319 citations)

Research areas of the most cited articles at Applied Stochastic Models in Business and Industry:

The most cited publications explore disciplines such as Econometrics, Statistics, Operations research, Reliability engineering and Mathematical optimization. The journal papers focus on Econometrics but the discussions also offer insight into other areas such as Random variable, Regression, Estimator, Multivariate statistics and Regression analysis. Control (management), Lee–Carter model and Applied mathematics are some topics wherein Statistics research discussed in the published papers has an impact.

What topics the last edition of the journal is best known for?

  • Statistics
  • Normal distribution
  • World War II

The previous edition focused in particular on these issues:

The topics of Statistics, Applied mathematics, Reliability engineering, Mathematical optimization and Artificial intelligence are the focal point of discussions in the journal. The close relationship between Control chart and Algorithm is one of the points of interest dissected in Statistics research. The journal tackles research in Preventive maintenance as part of the general discipline of Reliability engineering, however, it also discusses concepts in Context (language use).

Mathematical optimization study tackled is connected to the field of Statistical hypothesis testing. The work on Artificial intelligence tackled in the journal brings together disciplines like Machine learning and Pattern recognition. The research on Multivariate statistics discussed in Applied Stochastic Models in Business and Industry draws on the closely related field of Econometrics.

The most cited articles from the last journal are:

  • Birnbaum-Saunders quantile regression and its diagnostics with application to economic data (18 citations)
  • Reliability assessment for discrete time shock models via phase-type distributions (5 citations)
  • Cost‐efficient monitoring of continuous‐time stochastic processes based on discrete observations (5 citations)

Papers citation over time

A key indicator for each journal is its effectiveness in reaching other researchers with the papers published at that venue.

The chart below presents the interquartile range (first quartile 25%, median 50% and third quartile 75%) of the number of citations of articles over time.

The top authors publishing in Applied Stochastic Models in Business and Industry (based on the number of publications) are:

  • Maxim Finkelstein (20 papers) published 4 papers at the last edition,
  • Nicholas G. Polson (13 papers) absent at the last edition,
  • Narayanaswamy Balakrishnan (12 papers) published 3 papers at the last edition,
  • Refik Soyer (11 papers) published 1 paper at the last edition the same number as at the previous edition,
  • Nalini Ravishanker (10 papers) published 2 papers at the last edition, 1 more than at the previous edition.

The overall trend for top authors publishing in this journal is outlined below. The chart shows the number of publications at each edition of the journal for top authors.

Only papers with recognized affiliations are considered

The top affiliations publishing in Applied Stochastic Models in Business and Industry (based on the number of publications) are:

  • IBM (19 papers) absent at the last edition,
  • University of the Free State (17 papers) published 4 papers at the last edition,
  • University of Connecticut (16 papers) published 3 papers at the last edition, 2 more than at the previous edition,
  • Los Alamos National Laboratory (16 papers) absent at the last edition,
  • George Washington University (15 papers) published 1 paper at the last edition, 1 less than at the previous edition.

The overall trend for top affiliations publishing in this journal is outlined below. The chart shows the number of publications at each edition of the journal for top affiliations.

Publication chance based on affiliation

The publication chance index shows the ratio of articles published by the best research institutions in the journal edition to all articles published within that journal. The best research institutions were selected based on the largest number of articles published during all editions of the journal.

The chart below presents the percentage ratio of articles from top institutions (based on their ranking of total papers).Top affiliations were grouped by their rank into the following tiers: top 1-10, top 11-20, top 21-50, and top 51+. Only articles with a recognized affiliation are considered.

During the most recent 2021 edition, 0.00% of publications had an unrecognized affiliation. Out of the publications with recognized affiliations, 14.63% were posted by at least one author from the top 10 institutions publishing in the journal. Another 8.54% included authors affiliated with research institutions from the top 11-20 affiliations. Institutions from the 21-50 range included 14.63% of all publications and 62.20% were from other institutions.

Returning Authors Index

A very common phenomenon observed among researchers publishing scientific articles is the intentional selection of journals they have already attended in the past. In particular, it is worth analyzing the case when the authors participate in the same journal from year to year.

The Returning Authors Index presented below illustrates the ratio of authors who participated in both a given as well as the previous edition of the journal in relation to all participants in a given year.

Returning Institution Index

The graph below shows the Returning Institution Index, illustrating the ratio of institutions that participated in both a given and the previous edition of the conference in relation to all affiliations present in a given year.

The experience to innovation index

Our experience to innovation index was created to show a cross-section of the experience level of authors publishing in a journal. The index includes the authors publishing at the last edition of a journal, grouped by total number of publications throughout their academic career (P) and the total number of citations of these publications ever received (C).

The group intervals were selected empirically to best show the diversity of the authors' experiences, their labels were selected as a convenience, not as judgment. The authors were divided into the following groups:

  • Novice - P < 5 or C < 25 (the number of publications less than 5 or the number of citations less than 25),
  • Competent - P < 10 or C < 100 (the number of publications less than 10 or the number of citations less than 100),
  • Experienced - P < 25 or C < 625 (the number of publications less than 25 or the number of citations less than 625),
  • Master - P < 50 or C < 2500 (the number of publications less than 50 or the number of citations less than 2500),
  • Star - P ≥ 50 and C ≥ 2500 (both the number of publications greater than 50 and the number of citations greater than 2500).

The chart below illustrates experience levels of first authors in cases of publications with multiple authors.

Top Publications

  • Birnbaum-Saunders quantile regression and its diagnostics with application to economic data

    Luis Sánchez;Víctor Leiva;Manuel Galea;Helton Saulo;Helton Saulo

    (2021)
    51 Citations
  • Reliability assessment for discrete time shock models via phase-type distributions

    Serkan Eryilmaz;Cihangir Kan

    (2021)
    24 Citations
  • An overview of some classical models and discussion of the signature‐based models of preventive maintenance

    (2022)
    19 Citations
  • Preservation of ILR and IFR aging classes in sums of dependent random variables

    Jorge Navarro;Franco Pellerey

    (2021)
    17 Citations
  • The generalized linear model-based exponentially weighted moving average and cumulative sum charts for the monitoring of high-quality processes

    Tahir Mahmood;Tahir Mahmood;Narayanaswamy Balakrishnan;Min Xie

    (2021)
    17 Citations
  • The Markov discrete time δ ‐shock reliability model and a waiting time problem

    (2022)
    16 Citations
  • Specifying prior distributions in reliability applications

    (2023)
    15 Citations
  • On the information properties of working used systems using dynamic signature

    Abdolsaeed Toomaj;Majid Chahkandi;Narayanaswamy Balakrishnan

    (2021)
    15 Citations
  • Virtual age, is it real? - Discussing virtual age in reliability context

    Maxim Finkelstein;Ji Hwan Cha

    (2021)
    13 Citations
  • The value of summary statistics for anomaly detection in temporally evolving networks: A performance evaluation study

    Lata Kodali;Srijan Sengupta;Leanna House;William H. Woodall

    (2020)
    11 Citations

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