Kategoria BISAC: Business & Economics >> Business Mathematics

This work uses techniques of optimization and operations research to develop the first comprehensive survey of the entire field of the optimization of resource, production, and distribution systems. Sten Thore proposes an economic logistics that is similar to the well-known concept of military logistics, but which is expanded to include such features as the optimal location of plants, inventories and retail outlets, and the management of hierarchical multi-echelon production, inventory, and distribution systems. The study of individual features of this supply process is familiar from...

This book covers in vivid, clear prose the basic accounting tools that marketers need to develop profitable marketing programs: costs, marketing arithmetic, marginal analysis, and contribution accounting. It is thorough and up-to-date, and has a hard-as-nails practicality to it. The book is packed with examples that are both fascinating and illustrative of the author's points.

After a short treatment of the uses and limitations of microeconomics to the practicing marketer, the book develops in detail two key ideas from microeconomics--costs and marginal analysis. Each is explained fully...

Effective service delivery requires a transition from high-volume, long-run operations to low-volume, short-run output. In conventional terms, inefficiency is inherent in such a shift. The Japanese experience suggests, however, that this convention is in error; success is available if we can only organize operations away from capital toward labor intensiveness with emphasis on multipurpose machinery and multiskilled workers as the foundation. Wholly new devices that accept the inevitability of bottlenecks and focus on managing them are required for managing work flow. A century of mass...

To perform audits and study auditors and the audit function demands a detailed understanding of audit components and their characteristics. The authors of this unique book--a blend of research findings, data analysis, and proprietary data base--provide just that: a comprehensive inventory of audit tasks and essential decision aids, all developed by highly experienced auditors. Describing how some parts of the audit are more structured than other parts this work demonstrates that more experience is generally required to perform less structured tasks. In addition, most audit tasks are not...

The successful evaluation of capital projects requires not only a thorough understanding of traditional techniques of capital budgeting but advanced techniques as well. Riahi-Belkaoui examines the multidimensionality of capital budgeting in its various facets and in ways that executives with no special facility in the subject can follow. He covers replacement decisions, capital rationing, capital budgeting under inflation uncertainty, capital budgeting in a multinational setting with attention to political risks, social project evaluation, and concepts of wealth measurement and...

This second edition - completely up to date with new exercises - provides a comprehensive and self-contained treatment of the probabilistic theory behind the risk-neutral valuation principle and its application to the pricing and hedging of financial derivatives. On the probabilistic side, both discrete- and continuous-time stochastic processes are treated, with special emphasis on martingale theory, stochastic integration and change-of-measure techniques. Based on firm probabilistic foundations, general properties of discrete- and continuous-time financial market models are...

In recent years, the usual optimization techniques, which have proved so useful in microeconomic theory, have been extended to incorporate more powerful topological and differential methods, and these methods have led to new results on the qualitative behavior of general economic and political systems. These developments have necessarily resulted in an increase in the degree of formalism in the publications in the academic journals. This formalism can often deter graduate students. The progression of ideas presented in this book will familiarize the student with the geometric concepts...

The book can be used both as a text for students of financial engineering, and as a basic reference for risk...

The book can be used both as a text for students of financial engineering, and as a basic reference for risk...