I've been working through a derivation and have arrived at the following exprssion:
$$E = 1 - \frac{x}y \left( \bigg\lfloor \dfrac{2x+yx-2}{2y} \bigg\rfloor \right)^{-1}$$
where $x,y \in \mathbb{R^+}$.
I would like to know whether this can be reduced further, by removing the floor function and reduce the number of terms to simplify expression?
Kind regards!

An observation rather than a general answer
Because you haven't said what you mean by "simplify" (fewer operations? Fewer characters? Fewer divisions? ...) this isn't really answerable in its current form. But it's still possible to make at least one observation:
For a moment, fix $y = 2$. Then your formula becomes $$ E(x) = 1 - \frac{x}{2\lfloor x-\frac{1}{2} \rfloor} $$ At every point $x$ of the form $0.5, 1.5, 2.5, \ldots$, $E$ has a discontinuity.
If you're hoping for a simpler expression, it needs to be one that can be discontinuous at a countable number of locations. You could probably generate this using something like the "signum" function and a "mod", but that's really no less complex than "floor". But if you're hoping to generate it with polynomials, trig functions, etc., I don't see an obvious way to make it happen.