features and term structure which several models have attempted to reproduce. However, the implied volatility surface also changes dynamically over time in a way that is not taken into account by current modelling approaches, giving rise to ‘Vega’ risk in option portfolios. Using time series of option prices on the SP500 and FTSE indices, we study the deformation of this surface and show that it may be represented as a randomly fluctuating surface driven by a small number of orthogonal random factors
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SC Response to Terrorism Project MIT Center for Transportation and Logistics “Supply Chain Response to Terrorism: Creating Resilient and Secure Supply Chains” Supply Chain Response to Terrorism Project Interim Report of Progress and Learnings August 8, 2003 This report was pre pared by James B. Rice, Jr. of the MIT Center for Transportation and Logistics (CTL) and Federico Caniato of Politecnico di Milano for the Supply Chain Response to Terrorism Project team with contributions
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Kwai Tsing Container Port / Future Development ------------------------------------------------- Improving Competitiveness The Port of Hong Kong has long been assuming the role as a gateway for South China and as a platform for intermodal transport providing connectivity with the Mainland distribution network. ------------------------------------------------- Challenges The container terminals in Hong Kong have always been competing in productivity and efficiency, but indeed there are challenges
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|BPR |23rd March | | |2011 | | | | ROLE OF IT IN BPR
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Expert Reference Series of White Papers Tips and Techniques to ® Pass the PMP Exam 1-800-COURSESwww.globalknowledge.com Tips and Techniques to Pass the PMP® Exam Dan Stober, PMP Introduction Passing the Project Management Professional (PMP)® certification exam can seem like a daunting task when project managers first decide to take the leap. Just like a project management plan, if you carefully map out your study plan, you will be successful. You must understand several key concepts
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Statement on Responsibilities in Personal Financial Planning Practice Copyright © 2010 by American Institute of Certified Public Accountants, Inc. New York, NY 10036-8775 All rights reserved. For information about the procedure for requesting permission to make copies of any part of this work, please visit www.copyright.com or call (978) 750-8400. ACKNOWLEDGMENTS Statement on Responsibilities in Personal Financial Planning Practice Task Force Clark Blackman II, Chair (PFP Executive Committee)
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children will spend time in a cohabiting household by age 16. Living together is now common, but it is not without consequence—particularly for children. The effects of this family structure on children are just beginning to be understood. However, initial research by Brown and others suggests cohabitation is generally a less stable family structure than married couple or single-mother households. While there is some evidence that children in cohabiting households fare worse than those in married or
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Strategic financial management for LULULEMON Introduction Strategic Financial management is the managing and controlling financial resources of the organization to achieve organization common goal. It is a full range of financial information of an organization. It involves with some steps, establish financial objectives, and identify financial resources, collecting analyzing use financial data to make financial decision. Strategic financial management refers to short time objectives as well
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post and ex ante benefits of accounting conservatism to lenders and borrowers in the debt contracting process. I expect conservatism to benefit lenders ex post through the timely signaling of default risk, as manifested by accelerated covenant violations, and to benefit borrowers ex ante through lower initial interest rates. Consistent with these predictions, I find that more conservative borrowers are more likely to violate debt covenants following a negative price shock, and that lenders offer lower interest
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HB 436:2004 Handbook Risk Management Guidelines Companion to AS/NZS 4360:2004 Originated as HB 142—1999 and HB 143:1999. Jointly revised and redesignated as HB 436:2004. COPYRIGHT © Standards Australia/Standards New Zealand All rights are reserved. No part of this work may be reproduced or copied in any form or by any means, electronic or mechanical, including photocopying, without the written permission of the publisher. Jointly published by Standards Australia International Ltd, GPO
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