Decision Analysis Example Consider the following problem with three decision alternatives and three states of nature with the following payoff table representing profits: States of Nature s1 s2 s3 d1 4 4 Decisions d2 0 3 d3 1 5 Which decision do you choose? -2 -1 -3 Problem Formulation • A decision problem is characterized by decision alternatives‚ states of nature‚ and resulting payoffs. • The decision alternatives are the different possible strategies the decision maker can employ. • The states
Premium Decision theory
Demand for Water CIVWARE Dr. Danilo C. Terante Head‚ Hydraulics and Water Resources Engineering Civil Engineering Department De La Salle University Chairman‚ Water Engineering Specialty Division Philippine Institute of Civil Engineers - National Development of Water Resources How much water is needed? How much water is available? How are the requirements satisfied by the supplies? How is the used-up water disposed? Demand for Water Supply Withdrawal uses Nonwithdrawal uses Consumptive uses
Premium Water resources Hydrology Water
Strategic Management Need of Strategic Management:- 1. Due to change 2. To provide guide lines 3. Research and development 4. Probability for business performance 5. Systemized decision 6. Improves Communication 7. Allocation of resource 8. Improves Coordination 9. Helps the managers to have holistic approach Importance of Strategic Management:- 1. To the shape the Future of business 2. Effective strategic idea 3. Mangers
Premium Strategic management
Cognitive Learning Theory What is Cognitive learning? Cognitive Learning developed by theorist Edward C. Tolman‚ explains the way our brain processes and interprets information that we learn. The biological basis of cognitive learning style is grounded in brain theory. .("Different Cognitive Learning Styles‚" 2003-2013) It’s the relationship that occurs between two stimuli‚ but even though the stimulus is the same our brains react in different ways. However‚ each person process information at
Free Psychology
Power Power is an international relations concept. The effects of international power determine the extent that actors in the international arena can control their own fate and circumstances. In a report for the International Organization Foundation‚ Michael Barnett and Raymond Duvall present four types of international power that include compulsory power‚ institutional power‚ structural power and productive power. Compulsory power occurs when one actor directly exerts control over another. Institutional
Premium International relations Soviet Union World War II
Financial Management Corporations: Create money Shareholders * board of directors * 7-10 people * corporate governance * monitor the manager’s performance * Sub committees * auditor commitee * compensation committee * buffer between shareholders and the managers CFO * strategic financial decisions * Spending money: how the money is spent * financial investment projects * capital budgeting
Premium Net present value Investment Finance
TIME SERIES AND FORECASTING McGrawHill/Irwin Copyright © 2010 by The McGrawHill Companies‚ Inc. All rights reserved. Time Series and its Components TIME SERIES is a collection of data recorded over a period of time (weekly‚ monthly‚ quarterly)‚ an analysis of history‚ that can be used by management to make current decisions and plans based on long-term forecasting. It usually assumes past pattern to continue into the future Components of a Time Series 1. 2. 3. 4. Secular Trend – the smooth
Premium Time series analysis Time Term
ADDICTION COUNSELING WITH GROUPS AND FAMILIES Tabitha Young‚ PhD‚ LMHC‚ LAC‚ NCC Overview of Chapter ●Introduction ●Evolution of Group Treatment ●Group Dynamics‚ Process and Structure ●Group Treatment in the Continuum of Care ●Pragmatics of Group Treatment ●Group Treatment Efficacy Introduction ●Group treatment is the most common modality for the delivery of services to individuals and families recovering from substance use disorders. ●Psychoeducational groups can provide means for learning
Premium Family
| Advanced Corporate Finance Presented by 9/3/14 Professor Nikolay Halov 1 Plan for today • Syllabus • Introduction to the course • Is Corporate Finance Irrelevant? 2 General Information • • • • Professor Nikolay Halov Office: KMC 9-151 E-mail: nhalov@stern.nyu.edu Phone: 212-998-0836 3 Course Information Meeting times: Monday Wednesday 2-3:15pm‚ 3:30-4:45pm •The web page: – NYU Classes – Class materials‚ problems‚ solutions‚ communication •TAs: • Ryan Liu: ryan.liu@stern.nyu.edu
Premium Discounted cash flow Finance Corporate finance
Ch. 1: 1. Career opportunities and fields of study in finance: A. Corporate finance B. Banking C. Investments D. International finance E. Mathematical finance (primarily involved in forecasting‚ econometric modeling‚ etc.) Note: In this course‚ we will be using the term shareholders frequently; shareholders are owners of the firm. If you buy 100 shares of stock in Microsoft Corporation‚ you are a co-owner of Microsoft Corporation. 2. Goal of the firm: Shareholder wealth maximization (making
Premium Financial ratio Financial ratios Time value of money