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IMAGE: Heralded as China s oldest woven-arch timber bridge, the Rulong ( like a dragon ) Bridge was constructed during the Ming dynasty in 1625 and renovated between 1821 and 1859 during the Qing. view more
Credit: Ronald G. Knapp, 2019.
The School of Architecture at Oxford Brookes Univ
ersity has started a £5 million grant-giving programme, to improve the documentation of endangered wooden architecture throughout the world and make records freely available online.
The Endangered Wooden Architecture Programme (EWAP) has been made possible through a grant from Arcadia - a charitable fund of Lisbet Rausing and Peter Baldwin, and will be delivered in collaboration with CyARK, a non-profit organisation that digitises and shares significant cultural heritage.
Machine learning can be an effective tool to set competitive prices.
Artificial intelligence has its limits on how to set the most effective prices due to variables beyond the seller s control.
Over the long term, supracompetitive pricing can result.
CATONSVILLE, MD, January 12, 2021 - Machine learning and artificial intelligence (AI) are perfectly suited to help companies and marketers monitor and set prices based on real-time dynamic pricing. But new research has identified some possible unintended consequences of AI in this area.
Machine learning algorithms don t always account for factors outside of the seller s control, such as competitor prices. Researchers found that if AI algorithms are setting prices over the long term, a monopolistic price effect is possible, essentially creating a collusive pricing environment in the marketplace. This represents a challenge for policymakers as the researchers show that independent AI pricing algorithms can result in supracompetitive