What Is a Changeover Delay (COD)? in What Sense Is

question 83

Short Answer

What is a changeover delay (COD)? In what sense is a COD similar to a foraging situation with animals?

---

Definitions:

Share

A unit of ownership in a company or financial asset, often traded on a stock exchange.

Arithmetic Average Return

The simple average of a series of returns over a period of time, calculated by summing the returns and dividing by the number of periods.

Jensen's Measure

A performance evaluation measure that calculates the excess return a fund generates over its expected return, given its level of risk.

Risk-Free Return

The theoretical return on an investment with no risk of financial loss, often represented by the yield on government securities such as U.S. Treasury bonds.