Download or read book Performance Measurement in Finance written by John Knight and published by Elsevier. This book was released on 2002-07-10 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distinction between out-performance of an Investment fund or plan manager vs rewards for taking risks is at the heart of all discussions on Investment fund performance measurement of fund managers. This issue is not always well-understood and the notion of risk adjusting performance is not universally accepted. Performance Measurement in Finance addresses this central issue. The topics covered include evaluation of investment fund management, evaluation of the investment fund itself, and stock selection performance. The book also surveys and critiques existing methodologies of performance measurement and covers new innovative approaches to performance measurement. The contributors to the text include both academics and practitioners providing comprehensive coverage of the topic areas. Performance Measurement in Finance is all about how to effectively measure financial performance of the fund manager and investment house managers, what measures need to be put in place and technically what works and what doesn't. It covers risk, and what's acceptable and what isn't, how, in short, to manage risk. - Includes practical information to enable Investment/Portfolio Managers to understand and evaluate fund managers, the funds themselves, and Investment firms - Provides a full overview of the topic as well as in-depth technical analysis

Download or read book Analysis Control and Optimization of Complex Dynamic Systems written by El-Kébir Boukas and published by Springer Science & Business Media. This book was released on 2005-12-05 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis, Control and Optimization of Complex Dynamic Systems gathers in a single volume a spectrum of complex dynamic systems related papers written by experts in their fields, and strongly representative of current research trends. Complex systems present important challenges, in great part due to their sheer size which makes it difficult to grasp their dynamic behavior, optimize their operations, or study their reliability. Yet, we live in a world where, due to increasing inter-dependencies and networking of systems, complexity has become the norm. With this in mind, the volume comprises two parts. The first part is dedicated to a spectrum of complex problems of decision and control encountered in the area of production and inventory systems. The second part is dedicated to large scale or multi-agent system problems occurring in other areas of engineering such as telecommunication and electric power networks, as well as more generic context.

Download or read book The Routledge Companion to Production and Operations Management written by Martin K. Starr and published by Taylor & Francis. This book was released on 2017-03-27 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt: This remarkable volume highlights the importance of Production and Operations Management (POM) as a field of study and research contributing to substantial business and social growth. The editors emphasize how POM works with a range of systems—agriculture, disaster management, e-commerce, healthcare, hospitality, military systems, not-for-profit, retail, sports, sustainability, telecommunications, and transport—and how it contributes to the growth of each. Martin K. Starr and Sushil K. Gupta gather an international team of experts to provide researchers and students with a panoramic vision of the field. Divided into eight parts, the book presents the history of POM, and establishes the foundation upon which POM has been built while also revisiting and revitalizing topics that have long been essential. It examines the significance of processes and projects to the fundamental growth of the POM field. Critical emerging themes and new research are examined with open minds and this is followed by opportunities to interface with other business functions. Finally, the next era is discussed in ways that combine practical skill with philosophy in its analysis of POM, including traditional and nontraditional applications, before concluding with the editors’ thoughts on the future of the discipline. Students of POM will find this a comprehensive, definitive resource on the state of the discipline and its future directions.

Download or read book Dynamic Performance Measurement written by Sunil Dutta and published by Now Publishers Inc. This book was released on 2008 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This survey advocates the use of dynamic models to examine the incentive properties of commonly used accounting performance metrics. Drawing from recent work in this emerging field, the survey illustrates how one can use tractable multiperiod models to shed light on questions of fundamental interest to accountants. The author first examines the choice of goal congruent performance measures and then explains how the insights obtained from the goal congruent framework can be adapted to second-best contracting in formal agency models. Next, the author builds an analytically tractable multiperiod moral hazard model with a risk averse manager to examine the issue of aggregating accounting and nonaccounting information in constructing optimal performance measures."--Publisher's website.

Download or read book Dynamic Modeling Predictive Control and Performance Monitoring written by Biao Huang and published by Springer Science & Business Media. This book was released on 2008-04-11 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: A typical design procedure for model predictive control or control performance monitoring consists of: 1. identification of a parametric or nonparametric model; 2. derivation of the output predictor from the model; 3. design of the control law or calculation of performance indices according to the predictor. Both design problems need an explicit model form and both require this three-step design procedure. Can this design procedure be simplified? Can an explicit model be avoided? With these questions in mind, the authors eliminate the first and second step of the above design procedure, a “data-driven” approach in the sense that no traditional parametric models are used; hence, the intermediate subspace matrices, which are obtained from the process data and otherwise identified as a first step in the subspace identification methods, are used directly for the designs. Without using an explicit model, the design procedure is simplified and the modelling error caused by parameterization is eliminated.

Download or read book Issues in Specialized Economic Research and Application 2011 Edition written by and published by ScholarlyEditions. This book was released on 2012-01-09 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues in Specialized Economic Research and Application: 2011 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Specialized Economic Research and Application. The editors have built Issues in Specialized Economic Research and Application: 2011 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Specialized Economic Research and Application in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Specialized Economic Research and Application: 2011 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Download or read book Formal Methods and Stochastic Models for Performance Evaluation written by Katinka Wolter and published by Springer Science & Business Media. This book was released on 2007-09-17 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 4th European Performance Engineering Workshop, EPEW 2007, held in Berlin, Germany, September 27-28, 2007. The 20 revised full papers presented were carefully reviewed and selected from 53 submissions. The papers are organized in topical sections on Markov Chains, Process Algebra, Wireless Networks, Queueing Theory and Applications of Queueing, Benchmarking and Bounding, Grid and Peer-to-Peer Systems.

Download or read book The Theory of the Firm written by Nicolai J. Foss and published by Taylor & Francis. This book was released on 2000 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Download or read book Management Accounting written by Carol J. McNair-Connolly and published by John Wiley & Sons. This book was released on 2020-04-30 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: An intuitive and straightforward introduction to management accounting In the newly revised second edition of Management Accounting: An Integrative Approach, a team of distinguished accountants and educators delivers a comprehensive and authoritative discussion of key management accounting subjects. From business planning and analysis to the measurement and evaluation of performance, estimating costs, activity-based costing, and management accounting in large, complex organizations, this book covers every critical component of a rapidly evolving and centrally important subject. This latest edition includes updated data tables, revised practice problems, corrected and simplified formulas, new "In the News" and "Looking Back" sections, and updated figures. It is essential reading for students of business, managerial accounting, and related subjects.

Download or read book Game Theory in Management Accounting written by David Mueller and published by Springer. This book was released on 2017-09-21 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book demonstrates what kind of problems, originating in a management accounting setting, may be solved with game theoretic models. Game theory has experienced growing interest and numerous applications in the field of management accounting. The main focus traditionally has been on the field of non-cooperative behaviour, but the area of cooperative game theory has developed rapidly and has received increasing attention. Intensive research, in combination with the changing culture of publishing, has produced a nearly unmanageable number of publications in the areas concerned. Therefore, one main purpose of this volume is providing an intensive analysis of the intersection of these areas. In addition, the book strengthens the relationship between the theory and the practical applications and it illustrates the two-sided relationship between game theory and management accounting: new game theoretic models offer new fields of applications and these applications raise new questions for the theory.

Download or read book The Handbook of Organizational Economics written by Robert Gibbons and published by Princeton University Press. This book was released on 2013 with total page 1248 pages. Available in PDF, EPUB and Kindle. Book excerpt: (E-book available via MyiLibrary) In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more.

Download or read book Computational Science ICCS 2007 written by Yong Shi and published by Springer. This book was released on 2007-07-16 with total page 1247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of a four-volume set, this book constitutes the refereed proceedings of the 7th International Conference on Computational Science, ICCS 2007, held in Beijing, China in May 2007. The papers cover a large volume of topics in computational science and related areas, from multiscale physics to wireless networks, and from graph theory to tools for program development.

Download or read book The Handbook of the Economics of Corporate Governance written by Benjamin Hermalin and published by Elsevier. This book was released on 2017-09-18 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook. - Concentrates on underlying principles that change little, even as the empirical literature moves on - Helps readers see corporate governance systems as interrelated or even intertwined external (country-level) and internal (firm-level) forces - Reviews the methodological tools of the field (theory and empirical), the most relevant models, and the field's substantive findings, all of which help point the way forward

Download or read book Passing the Baton written by Richard F. Vancil and published by Harvard Business Review Press. This book was released on 1987 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Control and Dynamic Systems V54 System Performance Improvement and Optimization Techniques and Their Applications in Aerospace Systems written by C.T. Leonides and published by Elsevier. This book was released on 2012-12-02 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Control and Dynamic Systems: Advances in Theory and Applications, Volume 54: System Performance Improvement and Optimization Techniques and their Applications in Aerospace Systems covers the issue of aerospace system performance and optimization techniques in aerospace systems. This book is composed of 12 chapters and begins with an examination of the techniques for aircraft conceptual design for mission performance. The succeeding chapters describe the balances and optimized design for aircraft and spacecraft structures through finite element procedures and the application of the knowledge-based system techniques for pilot aiding. These topics are followed by discussions of the optimal sensor placement for on-orbit modal identification experiments; the optimization techniques for helicopter airframe vibrations design; the size reduction techniques for efficient aeroservoelastic model determination; sensitivity analysis of eigendata of aeroelastic systems; and a simplified solution for transient structural dynamic problems with local nonlinearities. Other chapters explore a reduction algorithm for systems with integrators and the techniques for overcoming the difficulty of nonuniqueness of mode shape in modal analysis when random input data are not or cannot be measured. The last chapters consider the combined concepts of Krylov vectors and parameter matching and their application to develop model-reduction algorithms for structural dynamics. These chapters also provide the techniques for the development of new tracking algorithms that would incorporate explicit models of the maneuvering/nonmaneuvering phases of target encounter. This book will prove useful to aerospace, control, systems, and design engineers.

Download or read book Anticipatory Optimization for Dynamic Decision Making written by Stephan Meisel and published by Springer Science & Business Media. This book was released on 2011-06-23 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The availability of today’s online information systems rapidly increases the relevance of dynamic decision making within a large number of operational contexts. Whenever a sequence of interdependent decisions occurs, making a single decision raises the need for anticipation of its future impact on the entire decision process. Anticipatory support is needed for a broad variety of dynamic and stochastic decision problems from different operational contexts such as finance, energy management, manufacturing and transportation. Example problems include asset allocation, feed-in of electricity produced by wind power as well as scheduling and routing. All these problems entail a sequence of decisions contributing to an overall goal and taking place in the course of a certain period of time. Each of the decisions is derived by solution of an optimization problem. As a consequence a stochastic and dynamic decision problem resolves into a series of optimization problems to be formulated and solved by anticipation of the remaining decision process. However, actually solving a dynamic decision problem by means of approximate dynamic programming still is a major scientific challenge. Most of the work done so far is devoted to problems allowing for formulation of the underlying optimization problems as linear programs. Problem domains like scheduling and routing, where linear programming typically does not produce a significant benefit for problem solving, have not been considered so far. Therefore, the industry demand for dynamic scheduling and routing is still predominantly satisfied by purely heuristic approaches to anticipatory decision making. Although this may work well for certain dynamic decision problems, these approaches lack transferability of findings to other, related problems. This book has serves two major purposes: ‐ It provides a comprehensive and unique view of anticipatory optimization for dynamic decision making. It fully integrates Markov decision processes, dynamic programming, data mining and optimization and introduces a new perspective on approximate dynamic programming. Moreover, the book identifies different degrees of anticipation, enabling an assessment of specific approaches to dynamic decision making. ‐ It shows for the first time how to successfully solve a dynamic vehicle routing problem by approximate dynamic programming. It elaborates on every building block required for this kind of approach to dynamic vehicle routing. Thereby the book has a pioneering character and is intended to provide a footing for the dynamic vehicle routing community.