Business Commons^™

On Mean Variance Option Pricing Models, Peter H. Ritchken, Robin Scott Symes, Harvey M. Salkin

Research Reports from the Department of Operations

The purpose of this note is to develop a mean variance pricing model for options which are traded in a lognormal security market. The mean variance pricing model derived corrects formulation errors in a finite period pricing model developed by Lee, Rao and Auchmuty [5]. The behavior of these new prices is compared to the behavior of Black-Scholes prices [3].

A Computerized Manpower Reporting System For Staff Departments Of A Manufacturing Organization, Laurence C. Oliver

Graduate Research Papers

The purposes of this study were to develop and implement a computerized reporting system that would meet the following criteria:

1. Be capable of handling the reporting needs of the entire industrial engineering department.

2. Produce accurate reports.

3. Be simple to use and maintain.

4. Be flexible, so that new reports could be included.

5. Be adaptable to any industrial engineering or staff department.

Landowners, Recreationists, And Government: Cooperation And Conflict In Red River Gorge, Eugenie C. Scott, Billie R. Dewalt, Elizabeth Adelski, Sara Alexander, Mary Beebe

KWRRI Research Reports

The research reported is based on a holistic sociocultural study of a popular regional recreation site in Eastern Kentucky, the Red River Gorge. Our research with over 3200 recreational visitors to the Gorge, 395 members of four recreation/conservation groups, 44 local landowners, and with a large number of management personnel from various governmental agencies permits us to provide an especially comprehensive overview of the problems and prospects of this popular area. Our general purpose is to provide descriptive and analytic information that will allow managers to more effectively understand and cope with their work in Red River Gorge.

In addition …

Manpower Needs Forecasts For The Health Services Of The United States Of Mexico, Arnold Reisman, Lilia I. Duran, Carlos Pucheu Regis

Research Reports from the Department of Operations

The Republic of Mexico is in the process of review and reorganization of its health care delivery systems. Planning for the reorganization requires a manpower needs forecast under various delivery scenarios in each of 27 prioritized health problem areas. This paper discusses the 1987 and 1992 manpower needs forecasts in one of the 27 health priorities, e.g., the mental health services field. A panel representing national leadership from all relevant provider professions (psychiatry, psychology, social work, etc.) working in the public and private provider and academic institutions was used to reach a consensus via the Delphi process on each of …

Expected Values And The Variance Covariance Structure Of Returns For Portfolios Containing Options, Peter H. Ritchken, Robin Scott Symes, Harvey M. Salkin

Research Reports from the Department of Operations

The purpose of this article is to develop expressions for the mean vector and the variance-covariance matrix of returns for portfolios containing options when it is assumed that prices follow geometric Brownian Motion. Given these expressions it is possible to employ a conventional expected value-variance approach to portfolios containing options. The expressions developed also enable a beta value to be calculated for a call option which is to be held over an arbitrary time period. Computation of market risk expressions for partially hedged portfolios held over arbitrary time periods is possible.

A Computerized Branch And Bound Algorithm For Solving The Assembly Line Balancing Problem, Sanjeev Karande

Research Reports from the Department of Operations

The objective of this research is to develop a portable computer program to compute an optimal solution for single model deterministic assembly line balancing problems via a branch and bound algorithm. The branch and bound procedure will employ the good heuristic solutions for "pruning" the resulting decision trees. Such pruning should make normally inefficient branch and bound methods both practical and efficient for a high proportion of assembly line balancing problems.

A Regionalized Goal Oriented Model For Dynamic Analysis Of World Trade, Bidhu Bhusan Mohanty

Research Reports from the Department of Operations

In the present day world, the national economies are interdependent. A world trade model, designed as a two-level hierarchical system, has been developed to be used as a tool to analyze this mutual interdependence and to aid in the formulation of long-term economic policies. For practical reasons, the world has been divided into a number of regions and the goods to be traded into categories. The world market has been represented by a world pool, and each region is assumed to exchange the goods with the pool only. To determine the volume of trade, the model uses the principle of …

R&D System Planning And Technology Transfer Methods In An Industrialized Developing Country, Woo-Young Lee

Research Reports from the Department of Operations

This thesis provides a framework in R&D system management consisting of computer-based analytical models for use in technology transfer and R&D planning of a developing country's military weapons systems development. The models involve integer nonlinear programming (INLP) and interactive goal programming (IGP) approaches. Also, the thesis utilizes: (1) A component sharing R&D network to identify probabilistic interdependencies among systems components and technical approaches. (2) A weapon effectiveness indices/weighted unit value (WEI/WUV) method to evaluate potential benefits of weapons systems, if funded. (3) Network planning techniques to assess probabilities of technical success and to integrate technology forecasting, technology catch-up, and time-cost …

A Study Of Standard Setting And Productivity Measurements Using Learning Curves, Don William Finn

Graduate Theses and Dissertations

Performance standards encompass information characteristics which decay over time. Consequently, it is worthwhile to identify factors affecting information decay. In Chapter I, the objectives of this study were discussed. They are restated: (1) determine if production worker performance has changed over time, (2) provide broad guidelines and recommendations for production type industries concerning performance evaluation of employees during training, (3) find evidence that standards and environmental factors for production workers can be linked and provide information to the firm for budgeting and planning purposes, and (4) provide a basis for further research associated with identifying variables related to improving worker …

The Association Of Individual Characteristics With Success And Failure Of U.S. Army Recruiters, Frederick David Coleman

Research Reports from the Department of Operations

This study addresses the relationships between individual biographical/demographic characteristics and the prediction of success and failure of U.S. Army Recruiters. The quantitative process employed is discriminant analysis. Ten variables are studied to determine their relative importance in the classification of potential Recruiters as being successful for at least three years. Civilian education is found to be the most important and time-in-service (the number of years served in the Army) the least important. The results are formulated into a Success Prediction Algorithm (SPA), which can be included as part of the Recruiter selection process. SPA can provide an indication of an …

1982-04-22, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

1982-02-26, Morehead State Board Of Regents

Morehead State Board of Regents Agenda Books and Meeting Minutes

No abstract provided.

Rural Industrialization - An Analysis Of Characteristics And An Approach To The Selection Of Industrial Plants For Kibbutz Settlements In Israel, Dan Yaron, A. Cooper, D. Golan, Arnold Reisman

Research Reports from the Department of Operations

The decline of agriculture's relative share in national economies and the associated rural-to-urban migration present critical challenges for developing countries. Excessive urbanization and the economic weakening of rural areas have prompted policies aimed at diversifying rural employment through industrialization. This paper develops and empirically applies a methodology for selecting industrial plants suited to rural communities, with a specific focus on collective rural settlements (kibbutzim) in Israel. The analysis highlights unique factors influencing rural industrialization in Israel, including the dispersion of the population, resource limitations, and the socioeconomic dynamics of kibbutzim. Advantages such as technological interest, higher education aspirations, and community …

1982-1983 Operating Budget, Morehead State University. Budget & Financial Planning Office.

Morehead State University Operating Budgets Archive

1982-1983 Operating Budget of Morehead State University.

Bartenders And Cocktails Of Ireland 1982-1985: Extracts From ‘Bartenders Association Of Ireland:A History Extended Version, James Murphy

Other resources

Bartenders Association of Ireland – A History book captured the many social and professional practice events, awards, new drinks and hotels services launched, significant bar and cocktail industry people and their contributions plus the many community activities which the bartenders and members of the Bartenders Association of Ireland (BAI) have successfully completed from the 1940s up to the late 1990s. The successful completion of these activities would not be been possible without the active and on-going support of the many Irish and international drinks and hospitality establishments (association supporters) and the association’s membership and active support of initially the UKBG …

Industrial Resources: Ohio County, Kentucky Library Research Collections

Ohio County

"A Comprehensive Report on Ohio County, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning in cooperation with the Ohio County Chamber of Commerce, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Owsley County - Booneville, Kentucky Library Research Collections

Owsley County

"A Summary of Resources: Booneville, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning, Frankfort, Kentucky, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Fulton County - Hickman, Kentucky Library Research Collections

Fulton County

"A Comprehensive Report on Hickman, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning, and the Hickman Chamber of Commerce, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Fulton County - Fulton, Kentucky Library Research Collections

Fulton County

"A Comprehensive Report on Fulton, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning, and the Fulton – South Fulton Chamber of Commerce, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Breathitt County - Jackson, Kentucky Library Research Collections

Breathitt County

"A Comprehensive Report on Jackson, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning, and the Breathitt County Industrial Foundation, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Breckinridge County - Hardinsburg, Cloverport And Irvington, Kentucky Library Research Collections

Breckinridge County

"A Comprehensive Report on Hardinsburg, Cloverport, and Irvington, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning, and the Breckinridge County Chamber of Commerce, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Owen County - Owenton, Kentucky Library Research Collections

Owen County

"A Comprehensive Report on Owenton, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning in cooperation with the Owen County Chamber of Commerce, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Mclean County - Calhoun, Island And Livermore, Kentucky Library Research Collections

McLean County

"A Summary of Resources: Calhoun, Island and Livermore, Kentucky" prepared by the Department of Commerce, Division of Research and Planning, Frankfort, Kentucky, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Metcalfe County - Edmonton, Kentucky Library Research Collections

Metcalfe County

"A Comprehensive Report: Edmonton, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning in cooperation with the City of Edmonton, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Morgan County - West Liberty, Kentucky Library Research Collections

Morgan County

"A Summary of Resources: West Liberty, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning, Frankfort, Kentucky, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Laurel County - London, Kentucky Library Research Collections

Laurel County

"A Comprehensive Report on London, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning in cooperation with the London-Laurel County Chamber of Commerce, 1982. The report includes, but is not limited to, information about: labor markets, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets and climate.

Industrial Resources: Trigg County - Cadiz, Kentucky Library Research Collections

Trigg County

"A Comprehensive Report on Cadiz, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning in cooperation with the Cadiz-Trigg County Chamber of Commerce, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, education and health facilitates, housing, communications, recreation, natural resources, markets and climate.

Industrial Resources: Scott County - Georgetown, Kentucky Library Research Collections

Scott County

"A Comprehensive Report: Georgetown, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning in cooperation with the Georgetown-Scott County Chamber of Commerce, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Todd County - Elkton, Guthrie And Trenton, Kentucky Library Research Collections

Todd County

"A Comprehensive Report on: Elkton, Guthrie, and Trenton, Kentucky" prepared by the Kentucky Department of Economic Development, Division of Research and Planning in cooperation with the Elkton-Todd County Chamber of Commerce, the Elkton Industrial Foundation, the Guthrie Industrial Development Commission, and the City of Trenton, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Industrial Resources: Union County, Kentucky Library Research Collections

Union County

"A Comprehensive Report: Union County, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning in cooperation with the Morganfield Chamber of Commerce, 1982. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate