Robust Timing Decisions with Applications in Finance and Revenue Management PDF Download
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Author: Michael J. Dziecichowicz
Publisher:
ISBN: 9781124454269
Category :
Languages : en
Pages : 161
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Book Description
In this dissertation we investigate robust optimization techniques for timing decisions in revenue management and finance. Our main contribution is to develop optimization models for decision times under uncertainty that require little information on the probability distribution, have an adjustable level of conservatism to ensure performance, and allow us to study how time affects the structure of the optimal policy in finance and revenue management problems. The managerial insights gained from our models assist a decision-maker determine his optimal strategy in settings where limited recourse is available when the manager has implemented his decision, such as putting items on sale, increasing plant capacity, or selling a stock.
Author: Michael J. Dziecichowicz
Publisher:
ISBN: 9781124454269
Category :
Languages : en
Pages : 161
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Book Description
In this dissertation we investigate robust optimization techniques for timing decisions in revenue management and finance. Our main contribution is to develop optimization models for decision times under uncertainty that require little information on the probability distribution, have an adjustable level of conservatism to ensure performance, and allow us to study how time affects the structure of the optimal policy in finance and revenue management problems. The managerial insights gained from our models assist a decision-maker determine his optimal strategy in settings where limited recourse is available when the manager has implemented his decision, such as putting items on sale, increasing plant capacity, or selling a stock.
Author: Alwin Haensel
Publisher: Alwin Haensel
ISBN: 9081909509
Category :
Languages : en
Pages : 189
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Book Description
Focus on Profit! Maximize your revenue and profit by understanding and considering your customers’ buying behavior. How price sensitive are your customers? What are their preferences? How strong are the competitor influences or cannibalization effects in your own product portfolio? These questions must be answered analytically, in order to obtain a quantitative understanding of the customers’ choice process and hence a clear picture of the demand in the market. We propose the notion of choice-sets as our model for the customers’ preferences and buying decisions. The unconstraining is the related process which extracts demand information with choice behavior from product sales data. Once, we obtained the information of current and past demand data, the immediate next step is the demand forecasting. Finally, with an accurate estimate of the future demand, we continue with the optimization process, to derive optimal sales controls and pricing actions which maximize the overall revenue or profit.
Author: Hazel J. Johnson
Publisher: FT Press
ISBN: 9780273638797
Category : Business & Economics
Languages : en
Pages : 210
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Book Description
Combining robust financial frameworks, this Corporate Finance Manual aims to enable managers to act on decisive strategies, backed up by sound financial judgements.
Author: Jack Alexander
Publisher: John Wiley & Sons
ISBN: 1394228376
Category : Business & Economics
Languages : en
Pages : 727
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Book Description
A comprehensive and insightful approach enabling finance mangers to contribute to business performance and valuation In Financial Management: Partner in Driving Performance and Value, experienced financial executive and consultant Jack Alexander delivers a fresh, new take on improving performance and creating shareholder value for CFOs, controllers, C-suite executives, and FP&A professionals. In the book, you’ll learn about best practices in operational and strategic planning, forecasting, enterprise performance management, business valuation, capital investment, mergers and acquisitions, developing finance talent, supporting growth, and more. Frameworks for dealing with the pace of change and level of uncertainty in today’s environment are also provided, including scenario planning, business agility and monitoring external forces. The book provides actionable insights and practical tools for finance professionals to contribute as trusted advisors and business partners. The author offers free access to financial models in Microsoft Excel and PowerPoint templates on the accompanying website, as well as: Expanded and enhanced content from the author’s widely read previous works Models, illustrations, examples, and dashboards Anecdotes and stories drawn from the author’s 45-year-long career in financial leadership Perfect for CFOs, controllers, financial executives, financial planning and analysis professionals, and accounting managers, Financial Management is also the ideal desk reference for treasurers, strategic planners, Certified Public Accountants, and equity research analysts. It’s an essential and timely resource for financial leaders everywhere.
Author: Fausto Pedro García Márquez
Publisher: BoD – Books on Demand
ISBN: 1838800999
Category : Business & Economics
Languages : en
Pages : 247
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Book Description
Application of Decision Science in Business and Management is a book where each chapter has been contributed by a different author(s). The chapters introduce and demonstrate a decision-making theory to practice case studies. It demonstrates key results for each sector with diverse real-world case studies. Theory is accompanied by relevant analysis techniques, with a progressive approach building from simple theory to complex and dynamic decisions with multiple data points, including big data, lot of data, etc. Computational techniques, dynamic analysis, probabilistic methods, and mathematical optimization techniques are expertly blended to support analysis of multi-criteria decision-making problems with defined constraints and requirements. The book provides an interface between the main disciplines of engineering/technology and the organizational, administrative, and planning abilities of decision making. It is complementary to other sub-disciplines such as economics, finance, marketing, decision and risk analysis, etc.
Author: Yuehwern Yih
Publisher: CRC Press
ISBN: 1439803625
Category : Medical
Languages : en
Pages : 798
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Book Description
With rapidly rising healthcare costs directly impacting the economy and quality of life, resolving improvement challenges in areas such as safety, effectiveness, patient-centeredness, timeliness, efficiency, and equity has become paramount. Using a system engineering perspective, Handbook of Healthcare Delivery Systems offers theoretical foundation
Author: Kay Spearman
Publisher: Routledge
ISBN: 1136565817
Category : Political Science
Languages : en
Pages : 1266
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Book Description
This series is designed to cover all aspects of sound financial management for local governments in developed and developing countries and economies in transition. Concepts of good governance, transparency and accountability are woven into the text of every chapter, and the needs and potential obstacles to greater decentralization and democracy are highlighted. Each volume is self-contained with its own Trainer's Guide, exercises and web resources. Chapters are divided into basic and advanced concepts and the detailed relationship of each topic to the others covered in the series is explained.
Author: Robert G. Cross
Publisher: Crown Currency
ISBN: 0307788989
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
From the man the Wall Street Journal hailed as "the guru of Revenue Management" comes revolutionary ways to recover from the after effects of downsizing and refocus your business on growth. Whatever happened to growth? In Revenue Management, Robert G. Cross answers this question with his ground-breaking approach to revitalizing businesses: focusing on the revenue side of the ledger instead of the cost side. The antithesis of slash-and-burn methods that left companies with empty profits and dissatisfied stockholders, Revenue Management overturns conventional thinking on marketing strategies and offers the key to initiating and sustaining growth. Using case studies from a variety of industries, small businesses, and nonprofit organizations, Cross describes no-tech, low-tech, and high-tech methods that managers can use to increase revenue without increasing products or promotions; predict consumer behavior; tap into new markets; and deliver products and services to customers effectively and efficiently. His proven tactics will help any business dramatically improve its bottom line by meeting the challenge of matching supply with demand.
Author: Institute for Operations Research and the Management Sciences. National Meeting
Publisher:
ISBN:
Category : Industrial management
Languages : en
Pages : 644
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Book Description
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
