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A note on performance measures for failure prediction models

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  • Ooghe, H.

    ()

  • Spaenjers, C.

    (Vlerick Leuven Gent Management School)

Abstract

This note briefly describes some important performance measures that can be used in failure prediction research. We do not only give an overview of the measures, but also clarify the connections between them and illustrate their use with numerical examples.

Suggested Citation

  • Ooghe, H. & Spaenjers, C., 2006. "A note on performance measures for failure prediction models," Vlerick Leuven Gent Management School Working Paper Series 2006-29, Vlerick Leuven Gent Management School.
  • Handle: RePEc:vlg:vlgwps:2006-29
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    1. Mario Vanhoucke & Erik Demeulemeester & Willy Herroelen, 2001. "On Maximizing the Net Present Value of a Project Under Renewable Resource Constraints," Management Science, INFORMS, vol. 47(8), pages 1113-1121, August.
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    3. Brucker, Peter & Drexl, Andreas & Mohring, Rolf & Neumann, Klaus & Pesch, Erwin, 1999. "Resource-constrained project scheduling: Notation, classification, models, and methods," European Journal of Operational Research, Elsevier, vol. 112(1), pages 3-41, January.
    4. Marti, Rafael & Laguna, Manuel & Glover, Fred, 2006. "Principles of scatter search," European Journal of Operational Research, Elsevier, vol. 169(2), pages 359-372, March.
    5. Kolisch, R. & Padman, R., 2001. "An integrated survey of deterministic project scheduling," Omega, Elsevier, vol. 29(3), pages 249-272, June.
    6. Padman, Rema & Smith-Daniels, Dwight E., 1993. "Early-tardy cost trade-offs in resource constrained projects with cash flows: An optimization-guided heuristic approach," European Journal of Operational Research, Elsevier, vol. 64(2), pages 295-311, January.
    7. Yang, Kum Khiong & Tay, Lee Choo & Sum, Chee Chuong, 1995. "A comparison of stochastic scheduling rules for maximizing project net present value," European Journal of Operational Research, Elsevier, vol. 85(2), pages 327-339, September.
    8. Kolisch, Rainer & Padman, R., 2001. "An integrated survey of deterministic project scheduling," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 8114, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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