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Modern Construction Economics: Theory and Application
by Gerard De ValenceTraditional building economics has primarily been concerned with issues around project appraisal and cost management techniques. On the other hand, modern construction economics has a wider focus with stronger links to mainstream economics, reflecting an increased interest in a range of theoretical issues in construction economics, both at the macro and micro level. In Modern Construction Economics: Theory and Application, a variety of approaches are used to present a coherent vision of synthesis between industry economics and project economics. Topics covered include: developing construction economics as idustry economics competition and barriers to entry in construction innovation in construction theory testing in construction management research collusion and corruption in the construction sector. Including contributions from academics in the UK, Sweden, Hong Kong, and Australia, this is a truly global review of a core issue for the construction industry worldwide. The result is a unique book that will push toward the development of a comprehensive theoretical framework of construction economics. This is a must-read for all serious students of construction economics, and all practitioners looking for a deeper understanding of their industry.
Modern Corporate Finance Version 8.0
by Donald R. Chambers Nelson J. LaceyWhen purchased from FlatWorld (the publisher), this Color Print Textbook includes Online Access, Quizzes, Flashcards and Homework (if professor uses Homework system). Online textbook is accessible. Modern Corporate Finance combines a forward-looking vision of corporate finance with the tried and true practices of the past. With a clear and concise approach, the authors emphasize the modernist movement in finance, which is based on systematic methodology with an emphasis on deductive reasoning and empirical validation.
Modern Corporate Finance, Investments and Taxation
by Peter Brusov Tatiana Filatova Natali Orekhova Mukhadin EskindarovThis monograph is devoted to the modern theory of capital cost and capital structure and its application to the real economy. In particular, it presents a possible explanation to the causes of global financial crisis. The authors of the book modify the theory of Nobel Prize winners Modigliani and Miller to describe an alternative theory of capital cost and capital structure that can be applied to corporations with arbitrary lifetime and investment projects with arbitrary duration. The authors illustrate their theory with examples from corporate practice and develop investment models that can be applied by companies in their financial operations.
Modern Corporate Finance, Investments, Taxation and Ratings
by Peter Brusov Tatiana Filatova Natali Orekhova Mukhadin EskindarovThis monograph is devoted to a modern theory of capital cost and capital structure created by this book’s authors, called the Brusov–Filatova–Orekhova (BFO) theory, and its application to the real economy. BFO theory promises to replace the traditional theory of capital cost and capital structure by Nobel laureates Modigliani and Miller. This new theory in particular, presents a possible explanation to the causes of the recent global financial crisis. The authors of the book describe the general theory of capital cost and capital structure that can be applied to corporations of arbitrary age (or with arbitrary lifetime) and investment projects with arbitrary duration. The authors illustrate their theory with examples from corporate practice and develop investment models that can be applied by companies in their financial operations.This updated second edition includes new chapters devoted to the application of the BFO theory in ratings, banking and other areas. The authors also provide a new approach to rating methodology highlighting the need for including financial flow discounting, the incorporation of rating parameters (in particular, financial ratios) into the modern theory of capital structure - BFO theory. This book aims to change our understanding of corporate finance, investments, taxation and rating procedures. The authors emphasize that the most used principles of financial management should be changed in accordance to BFO theory.
Modern Corporations and Strategies at Work
by Bhabani Shankar Nayak Naznin TabassumStrategies are integral to growth, expansion and sustainability of modern corporations. The agile strategies are central to overcome challenges of the turbulent times accelerated by risks, pandemics, wars, political instabilities and environmental disasters. This book on ‘Modern Corporations and Strategies at Work’ focuses on different strategies followed by corporations. This book makes critical reading of corporate strategies and evaluates them. This book offers insights into the way corporations develop and implement strategies to face different challenges. This book explores wider world of corporate strategies and their limitations. The future of world economy and international business is shaped by large modern corporations and their rapidly changing business, management and marketing strategies. This book explores the way modern nation states are standing behind the corporations to ensure that their strategies are successful in a world of complex challenges. This book further examines how collaborations between the state and modern corporations are part of the corporate strategy at work today. Further how modern strategies are integral to the start, growth, expansion and sustainability of modern corporations. This book explores operational agilities and organisational abilities of modern corporations to engage with diverse challenges and overcome the crisis. The volatile business environment is creating conditions of instabilities for the market to function effectively and efficiently. Such conditions are weakening all agents and structures operating within international business and world economy. This book argues that there is an urgent need for a profound reshaping of the corporate strategies to deal with a post pandemic society. It is perhaps as far reaching as that the remaking of corporate strategies are in the crossroads today due to its intrinsic profit motives. The remaking of modern corporate strategy comes in the wake of pestilence of a global health crisis; its full impacts are yet to be felt, evaluated and understood. A comprehensive shift in corporate strategy from formulation, implementation and evaluation to remaking is at the heart of this transformations in the working of the corporations and their fundamental ideological apparatus.
Modern Credit Risk Management
by Panayiota KoulafetisThis book is a practical guide to the latest risk management tools and techniques applied in the market to assess and manage credit risks at bank, sovereign, corporate and structured finance level. It strongly advocates the importance of sound credit risk management and how this can be achieved with prudent origination, credit risk policies, approval process, setting of meaningful limits and underwriting criteria. The book discusses the various quantitative techniques used to assess and manage credit risk, including methods to estimate default probabilities, credit value at risk approaches and credit exposure analysis. Basel I, II and III are covered, as are the true meaning of credit ratings, how these are assigned, their limitations, the drivers of downgrades and upgrades, and how credit ratings should be used in practise is explained. Modern Credit Risk Management not only discusses credit risk from a quantitative angle but further explains how important the qualitative and legal assessment is. Credit risk transfer and mitigation techniques and tools are explained, as are netting, ISDA master agreements, centralised counterparty clearing, margin collateral, overcollateralization, covenants and events of default. Credit derivatives are also explained, as are Total Return Swaps (TRS), Credit Linked Notes (CLN) and Credit Default Swaps (CDS). Furthermore, the author discusses what we have learned from the financial crisis of 2007 and sovereign crisis of 2010 and how credit risk management has evolved. Finally the book examines the new regulatory environment, looking beyond Basel to the European Union (EU) Capital Requirements Regulation and Directive (CRR-CRD) IV, the Dodd-Frank Wall Street Reform and Consumer Protection Act. This book is a fully up to date resource for credit risk practitioners and academics everywhere, outlining the latest best practices and providing both quantitative and qualitative insights. It will prove a must-have reference for the field.
Modern Cross-Cultural Management: Understanding Diversity in Global Business (Diversity and Inclusion Research)
by Adebowale AkandeThis book addresses the profound changes brought by digital technologies. Virtual teams, cloud-based collaboration, and real-time communication have eliminated geographical boundaries, creating a hyperconnected world where cultural nuances blend seamlessly. This book further examines the relationship between culture and effective leadership, highlighting the challenges of managing diverse teams in our interconnected era. It redefines the understanding of management within the social sciences, emphasizing the development of cultural competencies to build and sustain unified teams, and focusing on leveraging knowledge, honing judgment, evaluating performance, and preparing individuals for leadership positions. Incorporating perspectives from renowned scholars such as Edgar Schein, House, Triandis, Bass, Hofstede, and others, the book discusses often neglected topics. It covers essential skills for the global business landscape and analyzes the beliefs, values, work behaviors, communication styles, and business practices that differ across cultures. By examining the perceptions of natives and foreigners and adaptable managerial strategies for various settings, the book supports leaders with efficient strategies for success. Focusing on developing effective leadership, the chapters include topics such as: global leadership competencies, building cross-cultural teams during disruptive times, impactful communication, strategic decision-making, managing transitions, embracing diversity, and the dynamics between leaders and followers. The book is written in accessible language and provides real-world examples, offering a novel perspective on leadership in an increasingly diverse world. It is a must-read for anyone interested in a better understanding of modern cross-cultural management against today's turbulent political and economic climates and will appeal to global business professionals, academics, practitioners, students, and management researchers from diverse fields, in both the humanities and business sectors.
Modern Data Analytics in Excel: Using Power Query, Power Pivot, and More for Enhanced Data Analytics
by George MountIf you haven't modernized your data cleaning and reporting processes in Microsoft Excel, you're missing out on big productivity gains. And if you're looking to conduct rigorous data analysis, more can be done in Excel than you think. This practical book serves as an introduction to the modern Excel suite of features along with other powerful tools for analytics.George Mount of Stringfest Analytics shows business analysts, data analysts, and business intelligence specialists how to make bigger gains right from your spreadsheets by using Excel's latest features. You'll learn how to build repeatable data cleaning workflows with Power Query, and design relational data models straight from your workbook with Power Pivot. You'll also explore other exciting new features for analytics, such as dynamic array functions, AI-powered insights, and Python integration.Learn how to build reports and analyses that were previously difficult or impossible to do in Excel. This book shows you how to:Build repeatable data cleaning processes for Excel with Power QueryCreate relational data models and analysis measures with Power PivotPull data quickly with dynamic arraysUse AI to uncover patterns and trends from inside ExcelIntegrate Python functionality with Excel for automated analysis and reporting
Modern Data Science with R (Chapman & Hall/CRC Texts in Statistical Science)
by Benjamin S. Baumer Daniel T. Kaplan Nicholas J. HortonModern Data Science with R is a comprehensive data science textbook for undergraduates that incorporates statistical and computational thinking to solve real-world problems with data. Rather than focus exclusively on case studies or programming syntax, this book illustrates how statistical programming in the state-of-the-art R/RStudio computing environment can be leveraged to extract meaningful information from a variety of data in the service of addressing compelling statistical questions. <P><P> Contemporary data science requires a tight integration of knowledge from statistics, computer science, mathematics, and a domain of application. This book will help readers with some background in statistics and modest prior experience with coding develop and practice the appropriate skills to tackle complex data science projects. The book features a number of exercises and has a flexible organization conducive to teaching a variety of semester courses.
Modern Data Science with R (Chapman & Hall/CRC Texts in Statistical Science)
by Benjamin S. Baumer Daniel T. Kaplan Nicholas J. HortonFrom a review of the first edition: "Modern Data Science with R… is rich with examples and is guided by a strong narrative voice. What’s more, it presents an organizing framework that makes a convincing argument that data science is a course distinct from applied statistics" (The American Statistician).Modern Data Science with R is a comprehensive data science textbook for undergraduates that incorporates statistical and computational thinking to solve real-world data problems. Rather than focus exclusively on case studies or programming syntax, this book illustrates how statistical programming in the state-of-the-art R/RStudio computing environment can be leveraged to extract meaningful information from a variety of data in the service of addressing compelling questions.The second edition is updated to reflect the growing influence of the tidyverse set of packages. All code in the book has been revised and styled to be more readable and easier to understand. New functionality from packages like sf, purrr, tidymodels, and tidytext is now integrated into the text. All chapters have been revised, and several have been split, re-organized, or re-imagined to meet the shifting landscape of best practice.
Modern Data Strategy
by Mike Fleckenstein Lorraine FellowsThis book contains practical steps business users can take to implement data management in a number of ways, including data governance, data architecture, master data management, business intelligence, and others. It defines data strategy, and covers chapters that illustrate how to align a data strategy with the business strategy, a discussion on valuing data as an asset, the evolution of data management, and who should oversee a data strategy. This provides the user with a good understanding of what a data strategy is and its limits. Critical to a data strategy is the incorporation of one or more data management domains. Chapters on key data management domains—data governance, data architecture, master data management and analytics, offer the user a practical approach to data management execution within a data strategy. The intent is to enable the user to identify how execution on one or more data management domains can help solve business issues. This book is intended for business users who work with data, who need to manage one or more aspects of the organization’s data, and who want to foster an integrated approach for how enterprise data is managed. This book is also an excellent reference for students studying computer science and business management or simply for someone who has been tasked with starting or improving existing data management.
Modern Derivatives Pricing and Credit Exposure Analysis: Theory and Practice of CSA And XVA Pricing, Exposure Simulation and Backtesting (Applied Quantitative Finance)
by Roland Stamm Roland Lichters Donal GallagherThis book provides a comprehensive guide for modern derivatives pricing and credit analysis. Written to provide sound theoretical detail but practical implication, it provides readers with everything they need to know to price modern financial derivatives and analyze the credit exposure of a financial instrument in today's markets.
Modern Derivatives Pricing and Credit Exposure Analysis: Theory and Practice of CSA and XVA Pricing, Exposure Simulation and Backtesting (Applied Quantitative Finance)
by Roland Stamm Roland Lichters Donal GallagherThis book provides a comprehensive guide for modern derivatives pricing and credit analysis. Written to provide sound theoretical detail but practical implication, it provides readers with everything they need to know to price modern financial derivatives and analyze the credit exposure of a financial instrument in today's markets.
Modern East Asia: An Introductory History
by John H MillerWritten with rare mastery and a sure sense of the essential, this concise general history of modern East Asia offers students and general readers an understanding of this dynamic region from a global perspective. It is the ideal introductory text for college survey courses in Asian and international studies.Following an introductory discussion of the regional concept, the first two chapters lay the foundations. Chapter 1 describes East Asia's geographical, human, cultural, economic, social, and political setting as it has evolved over the past several millennia, and the three major belief systems - Confucianism, Buddhism, and Islam. Chapter 2 presents a panoramic view of the region ca. 1800. The chapter introduces the "dramatis personae" - the Chinese, Japanese, Koreans, Vietnamese, Thai, Burmese, Indonesians, Filipinos, and others - and describes their interactions with each other and with Imperial China.The following three chapters deal with European expansionism and East Asians' responses to the civilizational challenge; the stirrings of nationalism in reaction to European colonial rule; and the remarkable rise of Imperial Japan. Chapters 6 and 7 trace Japan's bid to lead a pan-Asianist revolt against the twin threats of Western liberalism and Soviet communism, and the ensuing Pacific War. Chapters 8 and 9 span the cold war era, from postwar U.S. hopes for a "Pax Americana" to the division of East Asia into communist and anti-communist blocs. The Sino-Soviet split and the Sino-American rapprochement of the early 1970s open the way to the "East Asian miracle" and a resurgence of East Asian regionalism, surveyed in Chapter 10. A concluding chapter considers the prospects for continued economic dynamism and the balance of nationalism and pan-Asian trends in shaping the future.
Modern Economic Classics-Evaluations Through Time (Routledge Library Editions: The History of Economic Thought)
by Bernard S. Katz Ronald E. RobbinsIn this book, first published in 1988, the editors have included the reviews of thirteen classic works on economic theory, empirical economic studies, political economy and management. Each major work was chosen due to its contribution in shaping our current knowledge and perspectives, and each essay is commented on by important critics in different eras. This title will be of interest to students of economic thought.
Modern Economic Development in Japan and China
by Xiaoming HuangThe contributors provide a comparative analysis of the modern economic development of Japan and China that are often explained in frameworks of East Asian developmentalism, varies of capitalism or world economic system, and explore their broader significances for the rise and global expansion of modern economy.
Modern Electricity Systems: Engineering, Operations, and Policy to address Human and Environmental Needs
by Vivek Bhandari Rao Konidena William PoppertModern Electricity Systems A welcome textbook instructing on many current aspects of energy generation, transmission, distribution, and consumption The importance of a well-informed group of individuals in charge of energy production and use is essential to create a sustainable and greener tomorrow. Technologies and costs are rapidly changing, and environmental goals widely debated in this book. The future of energy is at a crossroads. In addition, energy and technology poverty affects as much as 25% of the world’s population. Having the correct set of “tools”—a basic understanding of modern electrical systems—is essential, not just for engineers but for our leaders and decision-makers. With decades of experience in industry and academia behind them, the team of authors in Modern Electricity Systems offers a “toolbox” from which the reader will learn what is essential to make informed decisions. As such, this textbook provides an introduction to the fundamentals of how electricity is generated, financed, regulated, rationed, and stored – with consideration not just of the current status of these issues but a glance at what the next decade may hold. Without this basic level of comprehension, the growing global impact and social issues can be discussed and advocated for, but real change in this sector can only be achieved through understanding the systems. Modern Electricity Systems readers will also find: Support to create a course on energy transition and energy policy for sustainable development International modern day case studies, that represent the most current and essential topics, to illustrate key concepts, as well as ones focused on the United States Sample problem sets that bring together essential ideas learned from each chapter A textbook written by a team of working professionals with international experience in real-world applications of policy, engineering, and operations Modern Electricity Systems is a helpful reference for graduate and advanced undergraduate students and researchers, policymakers, environmentalists, humanitarians, business leaders, and decision-makers in all three sectors of electricity operations, engineering, and policy matters.
Modern Employment Law
by Ann Lyon Charles BarrowModern Employment Law covers all aspects relating to the employment relationship between employer and employee at both individual and collective levels. All chapters are absorbing and exact, with nuanced topics such as unfair dismissal, discrimination and trade union law being explored from several different angles. Pedagogical features such as Thinking points and Further reading sections enable students to consolidate and extend their knowledge. Though primarily aimed at LLB students, this book offers a wide-ranging, accurate, authoritative, contemporary and readable guide to modern employment law for all students of the subject, at both undergraduate and postgraduate level. Although a collaborative effort, each author focused on specific areas of employment law. Ann Lyon examined the statutory rights of employees including topics such as redundancy, unfair dismissal and discrimination and equal pay issues. Charles Barrow had primary responsibility for the introduction, the majority of the contract of employment chapters and the collective aspects of employment law.
Modern Endowment Management: Paula Volent and the Bowdoin Endowment
by Luis M. Viceira Emily R. McComb Dean XuThis case examines modern endowment investment management through the lens of a leadership transition between Chief Investment Officers (CIOs). In March 2021, Paula Volent is about to step down as the CIO of the endowment of Bowdoin College after twenty-one years, and is preparing to meet with her successor, Niels Bryant, to plan for the transition. Under Volent's leadership, the endowment has grown from about $433 million to almost $1.8 billion while providing the college a consistent annual payout of between 4% and 5% of the value of the endowment to fund its operations. While returns have been exceptional under Volent's leadership (as compared for example to most other college and university endowments), she is acutely aware of the challenges ahead driven by capital markets conditions, including the persistently low level of real and nominal interest rates relative to history, high equity valuations, and the flow of assets into alternative asset classes. At the same time, colleges such as Bowdoin have become increasingly reliant on endowments in order to be able to offer admission the best students, regardless of their financial situation, as well as compensation and research budgets to attract the best faculty in a highly competitive environment. Without the support of a growing endowment, this cost inflation would require significant tuition increases and quite possibly cuts to financial aid. The case offers students ample opportunities to examine the link between the financial needs of an investor ("liabilities") and its assets, and to analyze how this translates into effective investment risk management, liquidity management, return targets and the tradeoff between risk and return, and portfolio structuring decisions. The case also provides opportunities to examine performance evaluation as well as strategies for manager selection in actively managed portfolio.
Modern Energy Markets
by Rauli Svento Maria Kopsakangas-SavolainenEnergy has moved to the forefront in terms of societal and economic development. Modern Energy Markets is a comprehensive, economically oriented, exploration of modern electricity networks from production and distribution to deregulation and liberalization processes. Updating previous work by the authors, different aspects are considered resulting in a complete and detailed picture of the systems and characteristics of modern electricity markets. Modern Energy Markets provides clear detail whilst encompassing a broad scope of topics and includes: *A method to model energy production systems including the main characteristics of future demand side management, *Different applications of this model in nuclear and renewable energy scenarios, *An analysis of Real-Time Pricing of electricity and its potential effects across the market, and, *A discussion of the need for regulation in an easily monopolized industry. Engineering and Economics students alike will find that Modern Energy Markets is a succinct and informative resource, as will researchers interested in environmental and energy issues. The inclusion of timely and relevant issues related to economic decision will also be of value to industry and civil officials.
Modern Etiquette For Dummies
by Sue FoxImprove your manners, navigate uncomfortable social situations, and show greater kindness to others Our world is constantly changing, but something that always remains true? Manners matter. Etiquette is about more than just knowing which fork to use at a fancy dinner or how to write a thank-you note. Modern Etiquette For Dummies shows you how to navigate tricky interpersonal scenarios and tough workplace dilemmas with ease. With the help of Dummies, you'll toss aside stuffy old notions of etiquette and discover how to conduct yourself in various environments. This book is full of helpful tips on tackling today's unique challenges, including how to use the right pronouns, how to behave on social media, how to maintain professionalism in hybrid work settings (like when is it okay to turn off your camera during a Zoom meeting?), and how to put your phone down so you can focus on what matters. Learn important social expectations in informal, formal, and workplace settings Discover how to navigate pronouns when unsure of someone's gender identity Get up to date on the etiquette surrounding remote work, video calls, and more Improve your reputation and communicate better with friends and family This Dummies reference is great for anyone who wants improved manners. Entering the business world? Traveling overseas? Hosting a dinner party? This is the book you need.
Modern Evolutionary Economics: An Overview
by Giovanni Dosi Keun Lee Franco Malerba Richard R. Nelson Sidney G. Winter Andreas Pyka Constance E. Helfat Pier Paolo Saviotti Kurt DopferEvolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of Richard Nelson and Sidney Winter's seminal book, An Evolutionary Theory of Economic Change, first published in 1982. <P><P>In this long-awaited follow-up, Nelson is joined by leading figures in the field of evolutionary economics, reviewing in detail how this perspective has been manifest in various areas of economic inquiry where evolutionary economists have been active. Providing the perfect overview for interested economists and social scientists, readers will learn how in each of the diverse fields featured, evolutionary economics has enabled an improved understanding of how and why economic progress occurs.<P> Describes in detail the evolutionary perspective on economic activity.<P> Provides a comprehensive survey of the different fields of research where evolutionary economists have been active.<P> Gathers the leading thinkers in the field of evolutionary economics in one volume.
Modern Exchange-rate Regimes, Stabilisation Programmes and Co-ordination of Macroeconomic Policies: Recent Experiences of Selected Developing Latin American Economies (Routledge Revivals)
by Maria Luiza SilvaPublished in 1999, this work analyzes the phenomenon of macroeconomic adjustment, with special emphasis on selected Latin American countries facing stabilization programmes. It provides a historical description of the origins, functioning and collapse of exchange-rate regimes from the international classical gold standard period to modern arrangements. The author supports the argument that systemic asymmetries in the worldwide adjustment mechanism are inherent in the international monetary system. The recent theoretical literature dealing with the rules vs discretion debate and its interaction with the credibility issue is reviewed. This topic is intrinsically related to the dispute over the appropriate role of exchange-rate anchors in disinflation programmes. Against a background of academic dispute between advocates of exchange-rate prescriptions and monetary conceptions, the contrasting views of different theorists regarding the choice of exchange rate regimes are presented and assessed. Finally, a comparative analysis of recent experiments in Argentina, Brazil, Chile and Mexico with exchange-rate based disinflation stabilization programmes is undertaken. The problems that have arisen while establishing new institutional arrangements, such as new currency or a policy rule for monetary base creation, are examined.
Modern Facility and Workplace Management: Processes, Implementation and Digitalisation (Classroom Companion: Business)
by Alexander RedleinThis book adopts a multidimensional approach to explain current practices and trends in facility management. Presenting both research and practical insights from around the globe and providing definitions, examples and case studies, it allows readers to gain an understanding of corporate real estate, as well as asset, property, and facility management in the context of digital transformation, sustainability practice and process optimisation. The authors also discuss the latest trends in workplace management, the use of emerging technologies to optimise provision of facility services, and change management to implement new processes and reporting. A good mix of theory and practice, including a diverse set of examples, provide a constructive learning experience to the reader.
Modern Family Planning: The Business of Circle Surrogacy
by Ramon Casadesus-Masanell Blake LandroThe business of surrogacy, a boutique practice with client costs upwards of $100,000, allowed couples and individuals from a variety of backgrounds, ages, and sexual orientations to build families. This case examines Circle Surrogacy (CS), one of the premier surrogacy agencies in the world, as its president and founder, John Weltman, was about to share an executive presentation with his core management team where he would recommend an option to outsource its surrogacy services. While the changing cultural and regulatory environment had made surrogacy possible for more people, it remained cost-prohibitive for the majority of its eligible audience. Weltman's proposal, if enacted, would create a new opportunity for CS, increasingly faced with competition from other agencies, to offer lower cost surrogacies to intended parents. However, the launch of an outsourced surrogacy service would threaten the company's core value proposition and challenge its prevailing high-touch, premium strategy. How should Weltman and CS best proceed?