IEEE : no longer an acronym

I didn’t realize this, but IEEE is not officially an acronym anymore:

The IEEE name was originally an acronym for the Institute of Electrical and Electronics Engineers, Inc. Today, the organization’s scope of interest has expanded into so many related fields, that it is simply referred to by the letters I-E-E-E (pronounced Eye-triple-E).

Was this recent, or has it been like that for a while? Perhaps it’s the family history, but I always thought that IEEE was supposed to be an acronym…

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Yet more on Elsevier’s fake journals

But wait… there’s more:

Scientific publishing giant Elsevier put out a total of six publications between 2000 and 2005 that were sponsored by unnamed pharmaceutical companies and looked like peer reviewed medical journals, but did not disclose sponsorship, the company has admitted… Elsevier declined to provide the names of the sponsors of these titles, according to the company spokesperson… last week, Elsevier indicated that it had no plans of looking into the matter further, but that decision has apparently been reversed.

“We are currently conducting an internal review but believe this was an isolated practice from a past period in time,” Hansen continued in the Elsevier statement. “It does not reflect the way we operate today. The individuals involved in the project have long since left the company. I have affirmed our business practices as they relate to what defines a journal and the proper use of disclosure language with our employees to ensure this does not happen again.”

I guess they’re saying “mistakes were made.”

relative price index table

JDO sent me a link to a journal rating databas that tries to calculate a “relative price index” for different journals:

he coloration (red for very low value, yellow for low value, and green for good value) is computed by comparing the composite price index to the median for non-profit journals in the same subject. Be advised that price per citation, price per article and the composite index are not perfect measures of value. Neither of us are experts in most of the fields represented, and others may reasonably, or unreasonably, disagree with the value assessment.

This provides a counterpoint to the impact factor commonly bandied about at academic gatherings. High impact is only one aspect of the cost-effectiveness. For those information theorists out there:

Title: IEEE TRANSACTIONS ON INFORMATION THEORY
Publisher: IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
ISSN: 0018-9448
Subject: Computer Science, Engineering
Profit Status: Non-Profit
Year First Published: 1953
Price per article: 2.43
Price per citation: 1.45
Composite Price Index: 1.88
Relative Price Index 0.24

It’s in the green, which is appropriate, I guess. (Don’t worry, the Transactions on Signal Processing has an RPI of 0.55, so it’s not just judging the journal by its color).