1 PROBABILISTIC APPROACHES: SCENARIO ANALYSIS, DECISION TREES AND SIMULATIONS In the last chapter, we examined ways in which we can adjust the value of a risky asset for its risk. Notwithstanding their popularity, all of the approaches share a common theme. The riskiness of an asset is encapsulated in one number – a higher discount rate, lower cash flows or a discount to the value – and the computation almost always requires us to make assumptions (often unrealistic) about the nature of risk
Words: 17404 - Pages: 70
mid-year 2008, rice prices tripled, wheat prices more than doubled and maize prices doubled (Stoeckel, 2008).(See figure 2) Prices for individual commodities such as milk, maize and oilseeds have also increased. The Wall Street Journal (June 10, 2008) reports that the cereal import bill of 82 low income countries has doubled since 2006. Figure 1: Extended Annual
Words: 4439 - Pages: 18
610-622-6480; Fax 215-898-2534 Kesten C. Green, Department of Econometrics and Business Statistics Monash University, VIC 3800, Australia E-mail: kesten@kestencgreen.com Phone +64 4 976 3243; Fax +64 4 473 0643 February 21, 2006 IJB05CmObj27.doc International Journal of Business (forthcoming) Abstract Competitor-oriented objectives, such as market-share targets, are promoted by academics and are commonly used by firms. A 1996 review of the evidence, summarized in this paper, indicated that competitor-oriented
Words: 8595 - Pages: 35
and a member firm of the KPMG , network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. Foreword from CIMA Even for finance functions that have already transformed their efficiency and the quality of management information they provide, delivering business partnering effectively can be a challenge. Senior business partnering roles - as described in this report - are hard to fill. As a result, there is a real demand for management accountants who, in
Words: 4247 - Pages: 17
The Impact of Transfer Pricing on Corporate Disclosures Written By: Roger Hsueh Aiming to plug tax collection leaks, impose reasonable tax burdens and bring Taiwan in line with the international trend, toward the end of 2004 the Ministry of Finance issued and put into effect "Income Tax Audit Standards for Transfer Pricing Inconsistent with Arm’s Length Transactions". Following the implementation of the transfer pricing audit standards, not only will the taxation authorities be able to investigate
Words: 3479 - Pages: 14
Oeriew International cooperation at a crossroads Aid, trade and security in an unequal world Every hour more than 1,200 children die away from the glare of media attention The year 2004 ended with an event that demonstrated the destructive power of nature and the regenerative power of human compassion. The tsunami that swept across the Indian Ocean left some 300,000 people dead. Millions more were left homeless. Within days of the tsunami, one of the worst natural disasters in recent
Words: 9550 - Pages: 39
standardization to eliminate unprofitable items from sales line. Represents company at trade association meetings to promote product. Coordinates liaison between sales department and other sales-related units. Analyzes and controls expenditures of division to conform to budgetary requirements. Assists other departments within establishment to prepare manuals and technical publications. Prepares periodic sales report showing sales volume and potential sales. May also direct sales for manufacturer, retail
Words: 1572 - Pages: 7
the College of Business Administration Business Administration, College of 2-1-2011 ESSAYS ON INTERNATIONAL TRADE AND FOREIGN DIRECT INVESTMENT Wanasin Sattayanuwat University of Nebraska - Lincoln, wanasin@yahoo.com Follow this and additional works at: http://digitalcommons.unl.edu/businessdiss Part of the Business Commons Sattayanuwat, Wanasin, "ESSAYS ON INTERNATIONAL TRADE AND FOREIGN DIRECT INVESTMENT" (2011). Dissertations and Theses from the College of Business Administration
Words: 9587 - Pages: 39
Asynchronous Transfer Mode (ATM), as well as existing network technologies. This environment produces the possibility of using one of the strengths of ATM (namely, quality-of-service guarantees) to improve the performance of Internet traffic. In this report, we document some of our work in progress on the use of performance-guaranteed ATM virtual circuits to carry IP datagrams. We are currently addressing the implications of various IP-over-ATM strategies on network performance, particularly those
Words: 7430 - Pages: 30
Dynamics Analysis and Simulation of the Macro Economic Behavior of Taiwan’s Invigorating Economy Consumption Voucher Wen-Chin Wei∗ Abstract Given the severe global economic downturn, countries are using a variety of possible economic policies to try to help their economies recover. This study adopts system dynamics from the dynamic perspective to investigate how Taiwan’s decision to issue time-limited consumption vouchers will influence macro economical behaviors. The simulation led to following
Words: 8777 - Pages: 36
