strAtegIc FINANcIAL MANAgeMeNt (sFM)
... financial analysis of long-term investment decisions basically involves estimating cost of the asset / project and benefits receivable thereon over the economic life of the asset or project for which investments are made. Estimating cost is relatively easier as it is made in the current period, but ...
... financial analysis of long-term investment decisions basically involves estimating cost of the asset / project and benefits receivable thereon over the economic life of the asset or project for which investments are made. Estimating cost is relatively easier as it is made in the current period, but ...
Financial Optimization Problems in Life and Pension Insurance
... the chapters represent quite different approaches. In Chapter 3 we work within a traditional setup of life insurance mathematics; in particular we do not consider different investment possibilities. In Chapter 4 we consider a fairly general model that explicitly includes a financial market model, an ...
... the chapters represent quite different approaches. In Chapter 3 we work within a traditional setup of life insurance mathematics; in particular we do not consider different investment possibilities. In Chapter 4 we consider a fairly general model that explicitly includes a financial market model, an ...
Determination of Risk Aversion and Moment
... I would like to thank Professor Takeshi Amemiya and Professor Klaus Spremann for their patient supervision and their ingenious advice. Without their encouragement, their guidance, confidence and their academic example this thesis could not have been written. Profound gratitude goes to my coexaminer P ...
... I would like to thank Professor Takeshi Amemiya and Professor Klaus Spremann for their patient supervision and their ingenious advice. Without their encouragement, their guidance, confidence and their academic example this thesis could not have been written. Profound gratitude goes to my coexaminer P ...
Represent the given sparse matrix using Linked List
... 1. Represent the given sparse matrix using one dimensional array and linked list. 2. Create a Stack and do the following operations using arrays and linked lists (i)Push (ii) Pop (iii) Peep 3. Create a Queue and do the following operations using arrays and linked lists (i)Add (ii) Remove 4. Implemen ...
... 1. Represent the given sparse matrix using one dimensional array and linked list. 2. Create a Stack and do the following operations using arrays and linked lists (i)Push (ii) Pop (iii) Peep 3. Create a Queue and do the following operations using arrays and linked lists (i)Add (ii) Remove 4. Implemen ...
Belief Heterogeneity, Collateral Constraint, and Asset Prices with a
... contradicting the result that consumption is bounded from below. In other words, there are always shortages of collateral. This result sharply contrasts with those obtained when agents have homogenous beliefs but still have reasons to trade due to di¤erences in endowments or utility functions. In th ...
... contradicting the result that consumption is bounded from below. In other words, there are always shortages of collateral. This result sharply contrasts with those obtained when agents have homogenous beliefs but still have reasons to trade due to di¤erences in endowments or utility functions. In th ...
Ramsay Health Care 2013 12 18 - Price sensitive
... outcomes of its price negotiations with Australian insurers. Analysis implies that RHC has received a 1.1% CAGR in real pricing from insurers (~3.7% nominal) since FY09. Due to increased pressure on insurer margins from escalating claims inflation, we expect insurers will be more demanding in price ...
... outcomes of its price negotiations with Australian insurers. Analysis implies that RHC has received a 1.1% CAGR in real pricing from insurers (~3.7% nominal) since FY09. Due to increased pressure on insurer margins from escalating claims inflation, we expect insurers will be more demanding in price ...
International Spillovers of Large
... Following the financial turbulence in the fall of 2008, the Federal Reserve cut short-term policy rates to near-zero, and announced unprecedented unconventional policy measures, such as large-scale asset purchases (LSAPs; also known as quantitative easing or QE), at the zero lower bound. Several stu ...
... Following the financial turbulence in the fall of 2008, the Federal Reserve cut short-term policy rates to near-zero, and announced unprecedented unconventional policy measures, such as large-scale asset purchases (LSAPs; also known as quantitative easing or QE), at the zero lower bound. Several stu ...
nabtrade Exchange Traded Options Product Disclosure Statement
... registered with a clearing and settlement facility. For you as an investor, that means more certainty and less risk from counterparty default. That’s because the clearing house, ASX Clear, stands between you and the counterparty to each trade. Another benefit of this approach is that you can close o ...
... registered with a clearing and settlement facility. For you as an investor, that means more certainty and less risk from counterparty default. That’s because the clearing house, ASX Clear, stands between you and the counterparty to each trade. Another benefit of this approach is that you can close o ...
recdata
... Show (ipl BT) = sum of the lengths of the paths from the root to all nodes in the tree. Prove by structural induction Base case. 0 is needed to get the proper value for a tree with a single node. Assume (ipl (left BT)) and (ipl (right BT)) compute the sum of the lengths of paths in the left an ...
... Show (ipl BT) = sum of the lengths of the paths from the root to all nodes in the tree. Prove by structural induction Base case. 0 is needed to get the proper value for a tree with a single node. Assume (ipl (left BT)) and (ipl (right BT)) compute the sum of the lengths of paths in the left an ...
Paper
... contour trees or Reeb graphs is our emphasis on using tree structure for local exploration. [Takahashi et al. 2004a] simplify the contour tree by replacing three edges at a saddle point with a single new edge, based on the height of the edge. [Takahashi et al. 2004b] use the approximate volume of th ...
... contour trees or Reeb graphs is our emphasis on using tree structure for local exploration. [Takahashi et al. 2004a] simplify the contour tree by replacing three edges at a saddle point with a single new edge, based on the height of the edge. [Takahashi et al. 2004b] use the approximate volume of th ...
CHAPTER 5: RISK AND RETURN
... Offer the potential for current income from dividends and capital appreciation Offer the long-term potential for superior rates of return as compared to bonds More susceptible to short-term price risks ...
... Offer the potential for current income from dividends and capital appreciation Offer the long-term potential for superior rates of return as compared to bonds More susceptible to short-term price risks ...
Disposition Effect on Two Classical Expected Utility Models
... In other empirical studies, the disposition effect has been documented in many other settings. Heisler [11] finds the disposition effect among a group of futures traders, Locke and Mann [13] among professional futures traders as well as those advised by brokers, Weber and Camerer [26] in an experime ...
... In other empirical studies, the disposition effect has been documented in many other settings. Heisler [11] finds the disposition effect among a group of futures traders, Locke and Mann [13] among professional futures traders as well as those advised by brokers, Weber and Camerer [26] in an experime ...
1/N and Long Run Optimal Portfolios
... This is the question we address in the paper: Is the realized, out-of-sample performance of a simple 1 strategy as massively superior to the performance obtained from simple linear (vector autoregressive-driven) strategies in the case of long-horizon investors who face the typical asset allocation ...
... This is the question we address in the paper: Is the realized, out-of-sample performance of a simple 1 strategy as massively superior to the performance obtained from simple linear (vector autoregressive-driven) strategies in the case of long-horizon investors who face the typical asset allocation ...
A Fully Retroactive Priority Queues
... queue, we must construct the structures given in Demaine et. al. [Demaine et al. 2007]. For the purposes of merging, we sort the updates by time with a runtime of O(k log k). Also for the purposes of merging, we maintain a sorted list by value of the elements in Qnow that survive to the end of the t ...
... queue, we must construct the structures given in Demaine et. al. [Demaine et al. 2007]. For the purposes of merging, we sort the updates by time with a runtime of O(k log k). Also for the purposes of merging, we maintain a sorted list by value of the elements in Qnow that survive to the end of the t ...
Lattice model (finance)
For other meanings, see lattice model (disambiguation)In finance, a lattice model [1] is a technique applied to the valuation of derivatives, where, because of path dependence in the payoff, 1) a discretized model is required and 2) Monte Carlo methods fail to account for optimal decisions to terminate the derivative by early exercise. For equity options, a typical example would be pricing an American option, where a decision as to option exercise is required at ""all"" times (any time) before and including maturity. A continuous model, on the other hand, such as Black Scholes, would only allow for the valuation of European options, where exercise is on the option's maturity date. For interest rate derivatives lattices are additionally useful in that they address many of the issues encountered with continuous models, such as pull to par.