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Multinomial Approximating Models For Options With K State Variables, Bardia Kamrad, Peter H. Ritchken

Research Reports from the Department of Operations

Contingent claims whose values depend on multiple sources of uncertainty arise in many financial contracts and in the analysis of real projects. Unfortunately closed form solutions for these options are rare and numerical methods can be computationally expensive. This article extends the literature on multinomial approximating models. Specifically, new multinomial models are presented, that include as special cases existing models. The more general models are shown to be computationally more efficient.

North Mullewa Research Station "Daisy Downs" Field Day, Peter Nelson

All other publications

NMRS (165 ha) was leased from "Daisy Downs" (Manager Mr Ken Thompson) in 1985. NMRS was established in response to famer and local goverment demand for more research on the shallow, heavy soils in a low rainfall area. It is run along similar lines to the East Chapman Research Station (ECRS), with large rotation paddocks (42 ha) set up to study farming systems the remainder of the leased area being used for general experimental purposes.

Quality Control Of Multistage Production Systems, Gad Rabinowitz

Research Reports from the Department of Operations

A single inspection facility (IF) is capable of multiple inspection tasks. Such IF could be a human inspector or an automated gaging system (e.g. an image analyzer in a machine vision system). In this study we focus on the use of such IF's for detecting 'out-of-control' production stages in multistage production systems. Managing a multi-IF system for this purpose requires three levels of decisions: the capacity (number of IF's needed), the assignment of inspection tasks to each IF, and the inspection schedule of each single IF subsystem. Both economical and quality performance objectives are considered. The study is presented in …

Accounting Hall Of Fame Induction: Introduction Of, Citation For And Response By Yuji Ijiri, Honolulu, Hawaii, August 14, 1989, The Ohio State University. College Of Business

Accounting Hall of Fame Brochures

No abstract provided.

Department Of Fisheries Annual Report 1988/89, Department Of Fisheries, Western Australia

Department of Fisheries Annual Reports

In accordance with Section 62 of the Financial Administration and Audit Act 1985, I submit for your information and presentation to Parliament the Annual Report of the Fisheries Department for the financial year ending 30 June 1989.

The Annual Report has been prepared in accordance with the provisions of the Financial Administration and Audit Act 1985.

Section 57 of the Fisheries Act 1905 requires me to report to you as to the state of the fisheries of the State and for such report to be laid before both Houses of Parliament

A Study Of The Elimination Of Corporate Income Taxes In America, Ronald E. Hansen

Theses and Dissertations

A study advocating the elimination of corporate income taxes. Resulting benefits and savings are described including the creation of a more progressive personal tax structure and a reduction of general price levels. The shift in tax burden from public to private sectors is examined along with the determination of an average corporate tax rate used to calculate the expected price reductions. Implementation strategy is discussed and focuses on public acceptance and flexibility.

Santa Clara Magazine, Volume 31 Number 4, Summer 1989, Santa Clara University

Santa Clara Magazine

10 - COMPETITION AND CHANGE The way we organize human affairs is undergoing its most profound transformation in 2,000 years. By Thomas J. Peters

15 - WHAT'S A CHRISTIAN FAMILY TO DO? Some practical suggestions on family life in today's too busy world. By Mitch Finley '73

18 - REFLECTIONS OF A JESUIT'S EARLY YEARS Santa Clara's former president writes movingly of his experiences as a Jesuit novice. By William J. Rewak, SJ.

24 - A TOUCH OF WRY B.T. Collins '70 is an outrageously funny man who just can't seem to leave politics alone. By Barbara Wyman

28 - …

An Empirical Test Of Staw And Ross Prescriptions For The Management Of Escalation Of Commitment Behavior In Organizations, Kenneth J. Dunegan, S L. Barton, D Duchon

Management And Labor Relations

Tests two major prescriptions of Staw and Ross about the management of escalation behavior in organizations. Since these prescriptions are primarily based on research using students in controlled settings, the efficacy of the prescriptions was tested in the context of a real, functioning organization. The results provide conditional support for separating initial decision responsibility from subsequent responsibility as a means of reducing escalation behavior. However, the findings did not support a reduction of project failure risk as a means of minimizing escalation of commitment to a failing course of action.

1989 July, Office Of Communications & Marketing, Morehead State University.

Morehead State Press Release Archive, 1961 to the Present

Morehead State University press releases for July of 1989.

The Academic Workplace: Perception Versus Reality, Sandra E. Elman

New England Journal of Public Policy

Why are faculty becoming increasingly dissatisfied with the quality of the academic workplace? What accounts for burnout and low morale among so many college and university faculty? Is work life for professionals any more satisfying in the business world? What can academic leaders learn from business executives who work vigorously to reenergize their enterprises? Are corporate strategies aimed at enhancing the quality of work life applicable to improving satisfaction and productivity in our colleges and universities?

These concerns were addressed by a number of education leaders at a conference on faculty work life jointly sponsored by the New England Resource …

What Our Students Should Know: Perspectives From Business And Academia, Wayne H. Howard

Agribusiness

Perspectives from business and academia on the relative importance of various skills and attributes were compared. The perspective from academia came from the University of Guelph learning objectives and the AEB simple and complex skills required for undergraduate majors. A survey of Canadian agribusiness firms, including governmental agencies, provided the business perspective. Different types and sizes of businesses were consistent in ranking the relative importance of the various skills and attributes. The rankings by business were also consistent with the hierachial learning objectives from the University of Guelph and the disciplinary skills from the AEB. The hypothesis that business and …

A Dss For Animal Nutrition Planning, Krishna Prasad, M R Gopalan, S Sridhar

IIMB Management Review

In recent years, after the much acclaimed success of the Green
Revolution, the nation’s planners are coming to realize that it is not adequate for
the nation to have enough to eat, it is also important to have quality food. There
has, therefore, recently been a new emphasis on industries such as dairy and
poultry. It has been realized that there is a need to harness India’s enormous
animal resources. (There are, by one estimate, some 480 million livestock in the
country, including about 230 million cattle and 136 million poultry). Significant
improvements in the productivity of livestock can be …

A Dss For Farm Management, Y Kashi Vishwanadhan

IIMB Management Review

Farm management is a decision process. The tarmer and the state as
decision makers at different operational levels have some what conflicting
objectives to achieve-the farmer has to choose between alternative use of
scarce resources - land, labour and capital and operate his farm to maximize
the net returns; whereas the state has to increase the agriculture production to
meet the demand of the population even at higher levels of input costs. It has to
take decisions relating to Support Prices for various crop products, credit and
input supply in such a manner as to ensure healthy progress in the …

A Dss For Optimal Product Mix For Dairy Plant Operation, V Nagadevara

IIMB Management Review

The dairy industry in India has become very well organised as a result of
Operation Flood Programmes and massive World Bank aid. A number of Dairy
Development Corporations and Producers. Cooperative Societies have come
into being as corporate bodies apart from private dairies already in operation.
These Dairy Development Corporations essentially follow the Anand Model of
cooperative structure. This Structure builds on a vertically integrated single
industry cooperative that links rural producers with urban consumers by
introducing intensive milk production systems and improved technology for
processing and marketing. It is a three tiered structure. The three tiers are (i)
the …

A Sugar Movement Planning System For Kerala State Civil Supplies Corporation, Nirmala Hindupur

IIMB Management Review

Public distribution of essential commodities is a vital sector of the Indian
economy. This sector, with its diverse activities, has tremendous scope for
efficiency improvement and cost control through the implementation of
Computer-Aided Management (CAM) Systems. Because of its vital importance,
this area is one of the thrust areas selected by CAM Centre, ASCI, Hyderabad
for the development of CAM systems.
The Kerala State Civil Supplies Corporation Ltd. (KSCSC) is one of the
organizations identified for the development of CAM systems.
This paper describes the Sugar Movement Planning System designed
and developed under the GAM project by the author at …

The Independent Fee Appraiser: A Survey Of The Appraisal Profession, Roger P. Durkin

Theses

No abstract provided.

Simulation And Off-Line Programming Of Robotic Workcells, Krishnaprasad V. Kamisetty

Theses

A typical, complex robotic workcell, namely NJIT's Flexible Manufacturing System (FMS) cell has been designed, modelled and simulated to bridge the gap between design and its implementation. McDonnell Douglas' (McAuto) PLACE, BUILD, COMMAND and ADJUST have been used to simulate entire cycle of the NJIT's FMS cell. Various aspects such as "Cycle Time Analysis", robot reachability of various positions in the cell and "Collision Detection" have also been studied and analyzed.

The ease of effecting any modifications to the existing workcell design has been demonstrated. The NJIT's FMS cell consists of the GE P-50 robot, the IBM 7535 robot, the …

Ua25/2 Retirement Banquet, Wku Human Resources

WKU Administration Documents

Program for WKU retirement banquet with list of retirees.

Optimization Of A Multi-Product, Multi-Period Distribution Network With Fixed Costs, For Refined Petroleum Products, Cynthia Diane Leach

Research Reports from the Department of Operations

The distribution network for refined petroleum products is multicommodity in nature since multiple products must share the same transportation resources. To satisfactorily model this network in order to study strategic decisions requires modeling multiple time periods and the use of integer variables for fixed costs. Although the problem can be mathematically formulated as a mixed integer linear program the number of variables makes it difficult to solve using standard linear programming software for real world problems. In order to exploit the structure of the problem, which includes coupling constraints, coupling variables and embedded networks, a three-level decomposition algorithm using the …

Cpa Client Tax Letter, May 1989, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

The Benefits Of Weaning Cattle In The Kimberley, David Pratchett, Stuart Young

Animal production and livestock research reports

The Kimberley region was populated with Shorthorn cattle from Queensland and New Sonth Wales in the 1880's. The descendants of these cattle known as Kimberley Shorthorn are still the predominant breed in the region. The relatively poor performance of these cattle under the harsh Kimberley conditions and the fact that changing the genotype can improve productivity was recently published (Pratchett D. WADA Journal No. 4 1988)

While the adoption of Bos indicus breeds is the correct move, improved husbandry can also increase the productivity of the Kimberley Shorthorn cow. The majority of cattle in the Kimberley are not weaned. Sometimes …

A Systematic Approach To Countertrade Decision Making Analysis, Kil Ju Park

Research Reports from the Department of Operations

Countertrade literature to date has concentrated ondiscussing the motivations, reasons, and advantages of specificcountertrades and the negotiation contract requirements fortransactions between countries. However, developing ascience-based decision model for countertrade has drawn littleattention in the literature. Increasing importance ofcountertrade in the world market requires a systematic decision-making process in order to reduce the transaction negotiationtime and cost, and increase profitability of a country or aninternational company.This thesis attempts to improve the countertradenegotiation process by recognizing a hierarchy of objectives tobe met in 1) Picking the proper negotiation partner. 2)Selecting the proper quantities of the different goods to betraded. The first objective …

Optimal Decision And Detection In The Decentralized Case, Moula Cherikh

Research Reports from the Department of Operations

This dissertation addresses the problem of optimal decentralized detection or decision-making about some binary states of the world. In the centralized case, the solutions are well known and easily obtained using the classical theory of statistical hypothesis testing. The decentralized case has an additional degree of complexity due to the interrelationships and the dependence between the decision-makers. As formulated here, the model has applications to any problem in which stochastically independent observations are abstracted to inform a central decision-maker, or are used to determine a team action. Examples include: a strategic defense system, a battery of medical tests, or an …

1989 May, Office Of Communications & Marketing, Morehead State University.

Morehead State Press Release Archive, 1961 to the Present

Morehead State University press releases for May of 1989.

Valid Inequalities For Constrained Assignment Problems, Sunil Dhamankar, Daniel Solow

Research Reports from the Department of Operations

Recently, valid inequalities derived from polytopal structure of the constraints are playing an important role in solving difficult combinatorial problems. These inequalities strengthen the LP relaxation of the problems and improve the lower bounds substantially. It is expected that in an branch-and-cut type algorithm stronger lower bounds will reduce size of the search tree and will minimize computational effort. In this paper , we consider an Assignment Problem with a single Knapsack Constraint (APKC). We present efficient procedures to identify valid inequalities for the APKC from the LP optimal solution. These inequalities can be strengthened by including additional variables for …

Ua3/8/10 The Inauguration Of Thomas C. Meredith, Wku President's Office - Meredith

WKU Administration Documents

Special insert to the Park City Daily News regarding the installation of Thomas Meredith as WKU's eighth president. Gives an overview of the history of WKU.

Santa Clara Magazine, Volume 31 Number 3, Spring 1989, Santa Clara University

Santa Clara Magazine

10 - VISION Santa Clara's new president talks about his priorities for the University in the decade ahead.

15 - FAMILY IN CRISIS Is the Silicon Valley family an endangered species?

18 - DUBLIN: CITY OF 1,000 YEARS Today it is a bustling European capital. But progress has come at a price.

22 - GEORGE AND THE SILVER FOX A behind-the-scenes look at President and Mrs. Bush.

27 - WHO SHALL CARE .. . AND HOW? By 2020 every fourth American may be 65 or over.

Putting Together A Firm-Wide Mas Strategy, Wayne Bremser, Jiunn C. Huang, Karen L. Hooks

Woman C.P.A.

No abstract provided.

When It’S Double Or Nothing In Assessing Audit Risk, Janet L. Colbert

Woman C.P.A.

No abstract provided.

Parameter Non-Stationarity In A Model To Estimate The Business Value Of Information Technology, Robert J. Kauffman

Research Collection School Of Computing and Information Systems

Developing robust and refined measures to quantify strategic impacts is a major challenge facing researchers who seek to improve methods for IT investment evaluation. This paper presents a means to test for parameter "non-stationarity" in a model which quantifies the strategic contribution of IT. An iterative "jackknife" procedure is used to diagnose if different local competitive and demographic conditions present in branch banking enhance or suppress leverage on deposit market share associated with membership in an ATM network. Preliminary results suggest this approach will be useful for managers who need to evaluate similar ITs which operate in different environments.