Solving the Puzzle of IRR Equation

Solving the Puzzle of IRR Equation PDF Author: Yuri K. Shestopaloff
Publisher: AKVY PRESS
ISBN: 0981380093
Category : Business & Economics
Languages : en
Pages : 108

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Book Description
The authors study the problem of multiple roots of IRR equation and introduce a novel "largest root" rule for selecting the correct solution, which effectively resolves the puzzle of IRR equation. The text was written for a wide audience of financial industry professionals, academics, and students studying finance and investment business. 108 pp.

Solving the Puzzle of IRR Equation

Solving the Puzzle of IRR Equation PDF Author: Yuri K. Shestopaloff
Publisher: AKVY PRESS
ISBN: 0981380093
Category : Business & Economics
Languages : en
Pages : 108

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Book Description
The authors study the problem of multiple roots of IRR equation and introduce a novel "largest root" rule for selecting the correct solution, which effectively resolves the puzzle of IRR equation. The text was written for a wide audience of financial industry professionals, academics, and students studying finance and investment business. 108 pp.

Portfolio Analytics

Portfolio Analytics PDF Author: Wolfgang Marty
Publisher: Springer
ISBN: 3319198122
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
This textbook first introduces the reader to return measurement and then goes on to compare the time-weighted rate of return (TWR) with the money-weighted rate of return (MWR). To emphasize the importance of risk in conjunction with return, different tracking errors are analyzed and ex-post versus ex-ante risk figures are compared. The author then proceeds to modern portfolio theory (MPT) and illustrates how the constraints interfere substantially in the construction of optimized portfolios. As a conclusion, the book provides the reader with all the essential aspects of investment controlling.

Projects for shareholder value. A capital budgetting perspective

Projects for shareholder value. A capital budgetting perspective PDF Author: Mehari Mekonnen Akalu
Publisher: Rozenberg Publishers
ISBN: 9051706731
Category : Capital budget
Languages : en
Pages : 229

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Book Description


Solving the Puzzle of Irr Equation. Choosing the Right Solution to Measure Investment Success. Second Edition

Solving the Puzzle of Irr Equation. Choosing the Right Solution to Measure Investment Success. Second Edition PDF Author: Yuri K. Shestopaloff
Publisher: Akvy Press
ISBN: 9781927731017
Category :
Languages : en
Pages : 0

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Book Description
The authors published many articles in peer-reviewed professional journals. Several articles received awards, including Dietz Award from the Journal of Performance Measurement in year 2014. This time, they study the problem of multiple roots of IRR equation and introduce a novel "largest root" rule for selecting the correct solution, which effectively resolves the puzzle of IRR equation with regard to its financial applications. Other important issues of investment performance measurement are considered too, such as the concept of investment context. Within this conceptual framework, the authors study and compare different methods for calculating rates of return, such as IRR, Modified Dietz, TWRR, geometric linking, NPV, MIRR, etc., introduce enhancements for existing methods. A new generalized IRR equation (GIRR) was proposed. This equation, for the first time, describes investment context in a universal mathematical form, which is a breakthrough result. Algorithms for linking rates of return are considered too. Overall, the book provides concise, comprehensive and clear overview of investment performance measurement problems and related issues, and presents well founded solutions. The text was written for a wide audience of financial industry professionals, academics and students studying finance and investment business.

Solving an Empirical Puzzle in the Capital Asset Pricing Model

Solving an Empirical Puzzle in the Capital Asset Pricing Model PDF Author: John Leusner
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 42

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Book Description


Proceedings of the International Symposium on Frontiers of Collective Motions (CM2002)

Proceedings of the International Symposium on Frontiers of Collective Motions (CM2002) PDF Author: Hiroyuki Sagawa
Publisher: World Scientific
ISBN: 9812381988
Category : Science
Languages : en
Pages : 449

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Book Description
The physics of nuclear collective motion was pioneered by A Bohr and B R Mottelson 50 years ago. Since then, experimental and theoretical development in this field has been remarkable under the leadership of the Copenhagen group. In the 21st century, a new era has opened up due to the recent developments of experimental facilities, especially radioactive ion beams and large ?-ray arrays. Interest in collective motions is now shared in the research of other quantum many-body systems ? for example, microclusters and Bose-Einstein condensation. It is therefore timely and important to review the current understanding of collective motions and discuss new directions of future study.The main topics of the symposium include recent theoretical and experimental progress in the understanding of vibrational and rotational motions in nuclei. Collective motions of Bose-Einstein condensation and microclusters are also addressed. The symposium invited several keynote speakers to review and discuss our present understanding and to identify future challenges. Oral presentations are also selected from submitted contributions. This symposium is an opportunity not just to present progress and future prospects but to exchange new ideas and to provoke controversies through intellectual debates.The proceedings have been selected for coverage in: ? Index to Scientific & Technical Proceedings (ISTP CDROM version / ISI Proceedings)

Marketing Strategy

Marketing Strategy PDF Author: Devanathan Sudharshan
Publisher: Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 472

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Book Description
This text is appropriate for advanced/MBA level marketing strategy courses found in marketing departments and undergraduate level marketing capstone courses in business administration departments. Offering a fresh and extremely current approach to marketing strategy, this superb new text emphasizes relationships, presents relevant material from other fields (such as finance and accounting), and establishes coherent analytical frameworks through which to examine strategic options. Integrating coverage of research findings with observed practice and cutting-edge ideas with traditional notions, this text provides a sound, balanced and contemporary basis for understanding and implementing all facets of marketing strategy.

Algorithmic Puzzles

Algorithmic Puzzles PDF Author: Anany Levitin
Publisher: OUP USA
ISBN: 0199740445
Category : Computers
Languages : en
Pages : 280

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Book Description
Algorithmic puzzles are puzzles involving well-defined procedures for solving problems. This book will provide an enjoyable and accessible introduction to algorithmic puzzles that will develop the reader's algorithmic thinking. The first part of this book is a tutorial on algorithm design strategies and analysis techniques. Algorithm design strategies — exhaustive search, backtracking, divide-and-conquer and a few others — are general approaches to designing step-by-step instructions for solving problems. Analysis techniques are methods for investigating such procedures to answer questions about the ultimate result of the procedure or how many steps are executed before the procedure stops. The discussion is an elementary level, with puzzle examples, and requires neither programming nor mathematics beyond a secondary school level. Thus, the tutorial provides a gentle and entertaining introduction to main ideas in high-level algorithmic problem solving. The second and main part of the book contains 150 puzzles, from centuries-old classics to newcomers often asked during job interviews at computing, engineering, and financial companies. The puzzles are divided into three groups by their difficulty levels. The first fifty puzzles in the Easier Puzzles section require only middle school mathematics. The sixty puzzle of average difficulty and forty harder puzzles require just high school mathematics plus a few topics such as binary numbers and simple recurrences, which are reviewed in the tutorial. All the puzzles are provided with hints, detailed solutions, and brief comments. The comments deal with the puzzle origins and design or analysis techniques used in the solution. The book should be of interest to puzzle lovers, students and teachers of algorithm courses, and persons expecting to be given puzzles during job interviews.

Capital Budgeting

Capital Budgeting PDF Author: Pamela P. Peterson
Publisher: John Wiley & Sons
ISBN: 0471446424
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
Capital investment decisions are a constant challenge to all levels of financial managers. Capital Budgeting: Theory and Practice shows you how to confront them using state-of-the-art techniques. Broken down into four comprehensive sections, Capital Budgeting: Theory and Practice explores and illustrates all aspects of the capital budgeting decision process. Pamela Peterson and Frank Fabozzi examine the critical issues and limitations of capital budgeting techniques with an in-depth analysis of: Classifying capital budgeting proposals Determining the relevant cash flows for capital budgeting proposals Assessing the economic value of a capital budgeting proposal using different techniques Incorporating risk into the capital budgeting decision Evaluating whether to lease or borrow-to-buy Capital Budgeting: Theory and Practice provides the knowledge, insight, and advice that will allow you to handle one of the most important aspects of your firm's financial management. Advanced enough for practitioners yet accessible enough for the novice, Capital Budgeting: Theory and Practice is your complete guide to understanding and benefiting from the essential techniques of capital budgeting.

Venture Capital and the Finance of Innovation

Venture Capital and the Finance of Innovation PDF Author: Andrew Metrick
Publisher: John Wiley and Sons
ISBN: 1118137884
Category : Business & Economics
Languages : en
Pages : 1153

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Book Description
This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. The most current industry data is included to demonstrate large changes in venture capital investments since 1999. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.