Economics Definitions Technical Efficiency / Engineering Efficiency: Goods are produced using the minimum possible resources. Economic Efficiency: A condition where the ratio MU/MC is equal for all goods and services. Traditional Economy: Resource allocation determined by social custom and habits established over time. Command Economy: Resource allocation determined by central planning. Market Economy: Resource allocation determined by a competitive market. Opportunity Cost: The best alternative
Words: 20607 - Pages: 83
This is page i Printer: Opaque this A Mathematical Introduction to Fluid Mechanics Alexandre Chorin Department of Mathematics University of California, Berkeley Berkeley, California 94720-3840, USA Jerrold E. Marsden Control and Dynamical Systems, 107-81 California Institute of Technology Pasadena, California 91125, USA ii iii A Mathematical Introduction to Fluid Mechanics iv Library of Congress Cataloging in Publication Data Chorin, Alexandre A Mathematical Introduction
Words: 50231 - Pages: 201
7/7/2014 Evernote Export Modern Welfare Criteria Created: 5/22/2012 9:12 PM General Equilibrium and Perfect Competition General Equilibrium of Exchange and Consumption 1. We assume that there is no production and the economy is a pure exchange economy. There are 2 individuals and 2 goods, who will exhaust the goods together. Naturally they will consume until (MRS x,y )A = (MRS x,y )B. But we don't know beforehand what will be the exact equilibrium. But if we know the initial distribution
Words: 63611 - Pages: 255
Risk-Based IT Audit Risk-Based Audit Methodology Apply to Organization’s IT Risk Management Kun Tao (Quincy) Cal Poly Pomona Author Note This paper was prepared for GBA 577 Advanced IS Auditing, taught by Professor Manson. March 2014 Page 1 of 26 Risk-Based IT Audit Table of Contents Abstract .......................................................................................................................................... 3 Introduction ................................
Words: 6057 - Pages: 25
Investigating Momentum on the Johannesburg Stock Exchange December 1 2010 Hendrik Snyman 14422425 A dissertation submitted in partial fulfilment of the requirements for the degree of Master of Science in Engineering (Management) Department of Industrial Engineering University of Stellenbosch An oil prospector had died and gone to heaven. At the gate, he is met by St Peter.‘Well, I checked you out and you meet all of the qualifications. But there’s one problem,’ He said. ‘We have some
Words: 14511 - Pages: 59
attraction of soft power stems not only from its cultural influence or narrative construction, but more fundamentally from audiences’ affective investments in the images of identity that it produces. The empirical import of these ideas is offered in an analysis of the construction of American attraction in the war on terror. Keywords Affect, discourse, emotion, narrative, Nye, soft power Introduction In her confirmation hearings in January 2009 before the US Senate Foreign Relations Committee, Secretary
Words: 12815 - Pages: 52
CB28CH03-Tu ARI 3 May 2012 18:6 E R V I E W A D V A N C E Review in Advance first posted online on May 11, 2012. (Changes may still occur before final publication online and in print.) S I N Driving the Cell Cycle Through Metabolism Ling Cai and Benjamin P. Tu Annu. Rev. Cell Dev. Biol. 2012.28. Downloaded from www.annualreviews.org by Ecole Polytechnique Federal Lausanne on 06/20/12. For personal use only. Department of Biochemistry, University of Texas
Words: 7212 - Pages: 29
Sociocognitive Dynamics in a Product Market Author(s): José Antonio Rosa, Joseph F. Porac, Jelena Runser-Spanjol and Michael S. Saxon Source: Journal of Marketing, Vol. 63, Fundamental Issues and Directions for Marketing (1999), pp. 64-77 Published by: American Marketing Association Stable URL: http://www.jstor.org/stable/1252102 Accessed: 28-09-2015 11:20 UTC REFERENCES Linked references are available on JSTOR for this article: http://www.jstor.org/stable/1252102?seq=1&cid=pdf-reference#references_tab_contents
Words: 10776 - Pages: 44
McKinsey on Chemicals Number 3, Winter 2011 4 22 40 Chemicals’ changing competitive landscape Innovation in chemicals: An interview with Dow Corning’s Stephanie Burns and Gregg Zank Improving pricing and sales execution in chemicals 10 32 46 A capital-markets perspective on chemical-industry performance Capturing the lean energy opportunity in chemical manufacturing Kick-starting organic growth McKinsey on Chemicals is written Editorial Board:
Words: 21315 - Pages: 86
Vijay V. Vazirani College of Computing Georgia Institute of Technology Copyright c 2001 Approximation Algorithms Springer Berlin Heidelberg NewYork Barcelona Hong Kong London Milan Paris Singapore Tokyo To my parents Preface Although this may seem a paradox, all exact science is dominated by the idea of approximation. Bertrand Russell (1872–1970) Most natural optimization problems, including those arising in important application areas, are NP-hard. Therefore, under the widely believed
Words: 140657 - Pages: 563