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Author: Lenos Trigeorgis
Publisher: MIT Press
ISBN: 9780262201025
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. In the 1970s and the 1980s, developments in the valuation of capital-investment opportunities based on options pricing revolutionized capital budgeting. Managerial flexibility to adapt and revise future decisions in order to capitalize on favorable future opportunities or to limit losses has proven vital to long-term corporate success in an uncertain and changing marketplace. In this book Lenos Trigeorgis, who has helped shape the field of real options, brings together a wealth of previously scattered knowledge and research on the new flexibility in corporate resource allocation and in the evaluation of investment alternatives brought about by the shift from static cash-flow approaches to the more dynamic paradigm of real options—an approach that incorporates decisions on whether to defer, expand, contract, abandon, switch use, or otherwise alter a capital investment. Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. Also discussed are the strategic value of new technology, project interdependence, and competitive interaction. The ability to value real options has so dramatically altered the way in which corporate resources are allocated that future textbooks on capital budgeting will bear little resemblance to those of even the recent past. Real Options is a pioneer in this area, coupling a coherent picture of how option theory is used with practical insights in into real-world applications.
Author: Lenos Trigeorgis
Publisher: MIT Press
ISBN: 9780262201025
Category : Business & Economics
Languages : en
Pages : 452
Get Book Here
Book Description
Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. In the 1970s and the 1980s, developments in the valuation of capital-investment opportunities based on options pricing revolutionized capital budgeting. Managerial flexibility to adapt and revise future decisions in order to capitalize on favorable future opportunities or to limit losses has proven vital to long-term corporate success in an uncertain and changing marketplace. In this book Lenos Trigeorgis, who has helped shape the field of real options, brings together a wealth of previously scattered knowledge and research on the new flexibility in corporate resource allocation and in the evaluation of investment alternatives brought about by the shift from static cash-flow approaches to the more dynamic paradigm of real options—an approach that incorporates decisions on whether to defer, expand, contract, abandon, switch use, or otherwise alter a capital investment. Comprehensive in scope, Real Options reviews current techniques of capital budgeting and details an approach (based on the pricing of options) that provides a means of quantifying the elusive elements of managerial flexibility in the face of unexpected changes in the market. Also discussed are the strategic value of new technology, project interdependence, and competitive interaction. The ability to value real options has so dramatically altered the way in which corporate resources are allocated that future textbooks on capital budgeting will bear little resemblance to those of even the recent past. Real Options is a pioneer in this area, coupling a coherent picture of how option theory is used with practical insights in into real-world applications.
Author: Matti Vartiainen
Publisher: Edward Elgar Publishing
ISBN: 103532010X
Category : Business & Economics
Languages : en
Pages : 173
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Book Description
Despite hybrid work becoming increasingly relevant since the COVID-19 pandemic, exactly what the phenomenon entails remains a burgeoning field of research. Matti Vartiainen explores this shift in working culture and what it means for staff wellbeing and performance, as well as how remote work policies can be implemented effectively.
Author: Alan Hyde
Publisher: Routledge
ISBN: 1317451694
Category : Business & Economics
Languages : en
Pages : 323
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Book Description
This work examines the relationship between the rapid technological and economic growth characteristic of high technology districts and their distinct labor market institutions - short job tenures, rapid turnover, flat firm hierarchies, weak internal labor markets, high use of temporary labor, unusual uses of independent contracting, little unionization, unusual employee organization (e.g., chat groups, and ethnic organization), unequal income, minimal employment discrimination litigation, flexible compensation (especially stock options), and heavy use of immigrants on short-term visas. The author suggests that while these distinctive labor market institutions are somewhat unorthodox and may present legal problems, they play essential roles in high growth.
Author: Bunmi Isaiah Omodan
Publisher: Taylor & Francis
ISBN: 1040093043
Category : Education
Languages : en
Pages : 233
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Book Description
Research Paradigms and Their Methodological Alignment in Social Sciences is a comprehensive guide addressing the common conceptions surrounding research paradigms. This practical book demystifies complex concepts, giving researchers a nuanced understanding of the significance of research paradigms. It offers detailed insights, examples, and strategies for selecting and applying appropriate research methods, aiming to enhance the rigour and impact of scholarly work. This insightful guide meticulously explores the intricacies of research paradigms in the social sciences. It begins by unravelling the concept and historical development of research paradigm, emphasising its pivotal role in shaping the research process. The book elucidates major research paradigms, including positivism, interpretivism, transformative paradigm, postcolonial indigenous paradigm, and pragmatism. Each paradigm is dissected, unveiling philosophical underpinnings, methodological designs, and critical considerations. The chapters carefully align research questions with specific paradigms through illustrative case studies, offering practical guidance for researchers at all levels. Notably, the transformative paradigm and postcolonial indigenous perspective receive dedicated attention, addressing their unique methodological nuances and ethical dimensions. The exploration extends to pragmatism, seamlessly integrating theoretical foundations with real-world applications. The book strives to bridge the awareness gap in academic settings, fostering a profound appreciation for research paradigms and promoting a thoughtful, rigorous approach to scholarly inquiry. This book caters to students, novice and experienced researchers, offering a comprehensive understanding of research paradigms. It's valuable for academia, aiding undergraduate and postgraduate students, educators, and researchers in various disciplines. Research organisations, academic institutions, and professionals in diverse fields engaged in research and development will also find it a valuable resource.
Author: Maria-Athina Mountzia
Publisher: Herbert Utz Verlag
ISBN: 9783896753014
Category :
Languages : en
Pages : 274
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Book Description
Author: Meir Finkel
Publisher: Stanford University Press
ISBN: 0804774897
Category : Political Science
Languages : en
Pages : 337
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Book Description
On Flexibility presents a force planning concept that will enable armies to cope with the growing diversity of battlefield requirements, and especially with technological and doctrinal surprises, through applied adaptability and flexibility, minimizing the over dependence on intelligence and prediction involved in this process today.
Author: Yoad Winter
Publisher: MIT Press
ISBN: 9780262265041
Category : Language Arts & Disciplines
Languages : en
Pages : 320
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Book Description
An investigation of the logical flexibility principles needed for a formal semantic account of coordination, plurality, and scope in natural language. Since the early work of Montague, Boolean semantics and its subfield of generalized quantifier theory have become the model-theoretic foundation for the study of meaning in natural languages. This book uses this framework to develop a new semantic theory of central linguistic phenomena involving coordination, plurality, and scope. The proposed theory makes use of the standard Boolean interpretation of conjunction, a choice-function account of indefinites, and a novel semantics of plurals that is not based on the distributive/collective distinction. The key to unifying these mechanisms is a version of Montagovian semantics that is augmented by flexibility principles: semantic operations that have no counterpart in phonology. This is the first book to cover these areas in a way that is both linguistically comprehensive and formally explicit. On one hand, it addresses questions of primarily linguistic concern: the semantic functions of words like and and or in different languages, the interpretation of indefinites and their scope, and the semantic typology of noun phrases and predicates. On the other hand, it addresses formal questions that are motivated by the treatment of these linguistic problems: the use of Boolean algebras in linguistics, the proper formalization of choice functions within generalized quantifier theory, and the extension of this theory to the domain of plurality. While primarily intended for readers with a background in theoretical linguistics, the book will also be of interest to researchers and advanced students in logic, computational linguistics, philosophy of language, and artificial intelligence.
Author: International Working Group on Labour Market Regulation and Deregulation
Publisher: McGill-Queen's Press - MQUP
ISBN: 9780773527270
Category : Business & Economics
Languages : en
Pages : 404
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Book Description
For two decades economic and social policy in most of the world has been guided by the notion that economies function best when they are fully exposed to competitive market forces. In labour market policy, this approach is reflected in the widespread emphasis on "flexibility" - a euphemism for the retrenchment of income support and social security, the relaxation of labour market regulations, and the enhanced power of private actors to determine the terms of the employment relationship. These strategies have had marked effects on labour market outcomes, leading to greater vulnerability and polarization - and not always in ways that enhance worker-centred flexibility. The authors offer a more balanced analysis of the functioning and effects of labour market regulation and deregulation. By questioning the underpinnings of the "flexibility" paradigm, and revealing its often damaging impacts (on different countries, sectors, and constituencies), they challenge the conclusion that unregulated market forces produce optimal labour market outcomes. The authors conclude with several suggestions for how labour policy could be reformulated to promote both efficiency and equity.
Author: Miguel Moreira da Silva
Publisher: Springer Nature
ISBN: 3030362000
Category : Technology & Engineering
Languages : en
Pages : 165
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Book Description
This book offers meaningful insights into an impending challenge for the energy industry, namely the increasing role of asset management amongst the utilities’ core operations. In the aftermath of energy digitalization, power and gas companies will be able to seize asset productivity—through risk-based operation and maintenance—and better balance capital and operational expenditures. By addressing the asset management of both power and gas infrastructures, and by adopting a comprehensive approach—including regulation and business models, as well as a solid technology background—this book offers a unique perspective on the energy utilities’ transformation journey and the road to optimal decision-making for both asset portfolio expansion and replacement. The asset management end-to-end mission requires appropriate internal governance—depending on the business framework—and the development of decision aid models (for asset replacement and maintenance), supported on probabilistic risk and reliability indexes. This book advocates systematically digitalizing the power and gas assets, addressing both data governance and infrastructure, alongside real-time equipment condition monitoring. It also provides a meaningful methodology for designing data-centric asset management and predictive operation and maintenance, using artificial intelligence and engineering-based approaches. As such, it provides valuable strategy, methods and models—illustrated by case studies and proofs of concept—for a wide range of stakeholders, including utilities and industry professionals, regulators, policy-makers, researchers and students.
Author: Katie Martin
Publisher: Impress, LP
ISBN: 9781948334341
Category :
Languages : en
Pages : 212
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Book Description
It's time to create a new normal. It's time to leave behind practices that don't best serve all learners and educators, and to prioritize what matters most: relationships, connection, purpose, flexibility, agency, and authentic learning. Education must evolve. Looking to learners will help us see what's working, what's challenging, and, ultimately, what's possible. To ensure that all of those learners thrive, we'll need to use insight from our own experiences, research from the field, and new tools and approaches to adapt our practices. In Evolving Education, Dr. Katie Martin advocates for a much-needed shift to a learner-centered teaching model. Learner-centered education creates purposeful, personalized, authentic, and competency-based experiences that help students develop skills that empower them to learn, grow, and solve problems that matter to them and others. Following on Martin's previous book, Learner-Centered Innovation, Evolving Education offers a deeper dive into how educators can harness new technologies, learning sciences, and pedagogy that center learners and learning. After all, Martin argues, if we truly want to develop knowledge, habits, and skills in students, we have to know them, love them, and help them see the full beauty of who they are and what they can become. Endorsements "Evolving Education clearly articulates how to redefine success, create powerful learning experiences, and support them with enabling conditions. This would make a great book study for any school faculty or community group." -Tom Vander Ark, CEO of Getting Smart "Katie Martin absolutely nailed it in Evolving Education. A learner-centered paradigm requires that we examine beliefs and biases and disrupt systems that do not serve each and every learner. This work requires innovation, creativity, flexibility, and heart. This book is the perfect mix of incredible storytelling, inspiration, and concrete strategy." -Katie Novak, EdD, author of UDL and Blended Learning
