Archives of “People’s Republic of China” tag

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The robot waiter will take your order now

  
Analysis, Education
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Chinese-made androids arriving in Japan

Catering androids developed by China’s Kunshan Pangolin Robot.

 China’s Kunshan Pangolin Robot is bringing its android waiters to Japanese restaurants, with the assistance of an engineering university here.

Pangolin will set up a Japanese arm as soon as this month that will handle sales and maintenance. The company will then establish in April a research and development facility within the premises of the University of Electro-Communications. UEC’s Campus Create, which aims to transfer advanced technologies to companies for commercial use, will provide support for Pangolin’s Japanese venture.

 The Chinese robot firm also inked a memorandum of understanding on mutual cooperation with Japanese peer Kikuchi Seisakusho.
 Pangolin’s serverbots start at 500,000 yen ($4,380) apiece. Nagasaki’s Dutch-themed Huis Ten Bosch theme park is considering adopting the androids at its robot-staffed Henn-Na Restaurant.

Pangolin is headquartered in the eastern Chinese city of Kunshan, which is also home to the factory producing the robots. With a sales network stretching across the mainland, the company is seen holding 70% of the Chinese market in waiter robots.  

Good Objective Functions for Optimization

  
Analysis, Education
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  • Pessimistic Return on Capital (PROC)
    • PROC = {(Avg profit $ per winning trade)*[(# winning trades) – Sqrt(# winning trades)] + (Avg loss $ per losing trade)*[(# losing trades) + Sqrt (# losing trades)]} / Capital
    • Assumes that the system wins less often and loses more often
  • MAR ratio
    • Ratio = CAGR / MDD
  • Efficiency ratio
    • Ratio = out-of-sample annual return / in-sample annual return
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