financial institutions is crucial to managing systemic risk. Financial globalisation has proved to be a double-edged sword in this respect. While the growing complexity and globalisation of financial services can contribute to economic growth by smoothing credit allocation and risk diversification‚ they may also exacerbate the too-connected-to-fail problem. For instance‚ greater connectedness can lead to situations where an institution’s miscalculations of its risks lead to its demise‚ spawning a large
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EXPERT SYSTEMS What is an expert system? The most recent addition to the circle of information systems is the expert system. Expert systems are associated with an area of research known as artificial intelligence. We introduced expert systems and artificial intelligence in the World of computers.” Artificial intelligence is the ability of a computer to reason‚ to learn‚ to strive for self-improvement‚ and to simulate human sensory capabilities. Like the DSS‚ expert systems are computer-based
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to: Expert systems (Characteristics‚ advantages and disadvantages) Expert systems In artificial intelligence‚ an expert system is a computer system that emulates the decision-making ability of a human expert. Expert systems are designed to solve complex problems by reasoning about knowledge‚ like an expert‚ and not by following the procedure of a developer as is the case in conventional programming. The first expert systems were created in the 1970s and then proliferated in the 1980s. Expert systems
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The knowledge argument challenges the idea that everything that exists in the world is purely physical (physicalism) by claiming that qualia exists and is not a physical property. ‘Qualia’ refers to the properties of a feeling from a conscious experience. For example‚ the qualia of red when you are looking at something that is red‚ or the qualia of pain when you have injured yourself. This theory discusses the idea of consciousness that cannot be logically concluded from physicalism through Frank
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Introduction 2. Decision Making a) The Decision Making Process b) Decision Levels c) Information and Knowledge Needs d) Decision Making Techniques 3. Personal Networking 4. Communication a) Communication Process b) Sources of Internal Communication c) Sources of External Communication 5. Organization’s approaches to collecting‚ formatting‚ storing and disseminating information and knowledge 6. References INTRODUCTION Ford was established in 1903 by Henry Ford and 11 other associates
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Title: Managing Communications‚ Knowledge and Information Assignment Title: Communications Portfolio Tutor’s Name: Maurice Manktelow Learning Outcomes Covered: 1 Assess information and knowledge needs internally and externally to improve decision making and taking 2 Create strategies to increase personal networking to widen involvement in the decision-making process 3 Develop communication processes to improve the gathering and dissemination of information and organisational knowledge 4 Design
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manage and retain knowledge workers? As Peter Drucker recently quoted‚ the new knowledge economy will rely heavily on knowledge workers who are not‚ as a rule‚ much better paid than traditional skilled workers but also see themselves as professionals. Knowledge technologists are likely to become the dominant social and perhaps‚ political force over the next decades. Thus‚ it is very important to have the right strategies in place to select‚ develop‚ manage and retain knowledge workers. But before
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Managing Risks to reputation – From theory to practice Risks to reputation are not anymore part of the emerging risks; in fact‚ they have been on the risk management radar for over a decade now. However‚ the last year of this first decade of the 21st century seems to have seen a burst of incidents all over the economic spectrum that tainted the reputation of even well established companies. BP suffered their third blow of the decade with the oil spill in the Gulf of Mexico‚ Toyota product
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Understanding Risk-Neutral Valuation Stephen M Schaefer London Business School March‚ 2012 Outline • The no-arbitrage principle • Arrow-Debreu (A-D) securities and market completeness • Valuing options with one period to maturity via replication using underlying asset and borrowing / lending replication using A-D securities risk neutral probabilities • Valuing options with several periods to maturity Understanding Risk Neutral Valuation 2 No-arbitrage pricing Understanding Risk Neutral Valuation
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work Question: Whether the opinion of the experts can be interfered by the High Court? It is a settled position of law that the courts are not entitled to sit in judgment over the opinion of the experts in their respective fields. 1. In the University of Mysore and Anr. v. C.D. Govinda Rao and Anr. AIR 1965 SC 491‚ in which the Constitution Bench unanimously held that normally the Courts should be slow to interfere with the opinions expressed by the experts particularly in a case when there is no
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