Kategoria BISAC: Business & Economics >> Business Mathematics

This edited volume introduces undergraduate students to several diverse and emerging research topics in three major areas of risk management: actuarial science, mathematical finance, and sports analytics. Each chapter is self-contained and provides students with the required background knowledge, context, and relevant references to motivate students and to enable them to successfully undertake research in these areas.  A variety of accessible research projects are included that can be conducted independently or in collaboration with a mentor. Throughout, emphasis is placed on the...

The healthcare delivery system in the United States is inundated with medical malpractice and liability issues, and there is no consensus about causes or solutions. Both physicians and an alliance of lawyers and consumer groups agree that there is a crisis, but physicians claim that the current medical malpractice system inheres in too many lawsuits while the lawyers argue that the current level of litigation is insufficient. Multivariate statistical methods are used in this much needed effort to investigate the effects of medical malpractice on various aspects of health care.

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Roy L. Nersesian challenges traditional forecasting methods that rely strictly on econometric models, arguing that they ignore a fundamental aspect of the business cycle--human emotional responses to economic stimuli. Nersesian advocates instead the development of forecasting models that incorporate human behavior into the process, and he provides a tool--computer simulation--which can be used for this purpose. As Nersesian demonstrates, such consumer attitudes as confidence in the future, fear of depression, even passing fads can have a profound effect on business activity and are often...

In an era of fierce international competition, manufacturing firms must have a thorough understanding of their cost structure and how that structure relates to pricing and product mix decisions. Two competing conceptual approaches to designing product cost systems that support decision making are Activity-based Costing and the Theory of Constraints. Rather than argue in favor of one to the exclusion of the other, Robert J. Campbell presents a new approach to cost system design that combines the strengths of each school of thought, thereby overcoming the significant limitations of each. The...

Raymondo provides a step-by-step guide through the complex issues associated with the methods of producing population estimates and projections. The author's approach reflects both his formal training in the study of population and his experience as an applied demographer, where he was frequently called upon to present technical population data to a lay audience. The result is a book firmly grounded in the methods and procedures of demography, but presented in a clear, concise manner for the everyday user of population estimates and projections. This book is a key resource for anyone...