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Diagnostics For A Globalized World
How do you gauge the accomplishments of policy and its failures? While a number of nations are successful in optimizing a socio-economic welfare function, others are woefully falling short of the optimal frontier. Diagnostics for a Globalized World proposes a reformulation of the inherited theory of economic and social policy (codified in the 1950s by Jan Tinbergen) to find a diagnostic tool in measuring the effectiveness of economic and social policy. Using a logarithmic adaptation of data envelopment analysis, the authors explain how to rank the attainment of nations of multidimensional goals such as those expressed by the UN Millennium Development Goals (MDGs) and upcoming Sustainable Development Goals (SDGs).
Innovative Federal Reserve Policies During The Great Financial Crisis
This book, Innovative Federal Policies During the Great Financial Crisis, contains discussions of unconventional monetary policies, policy changes to address systemic and payments systems risks, new macroprudential policies, the 'stretching' of the financial safety net, changes in the Fed's liquidity funding facility (the discount window), use of the Fed's balance sheet as a tool of monetary policy, and alternative means to deal with real-estate asset bubbles and potential financial instability.The 10 chapters in this book offer a unique analysis of several innovative approaches by the Federal Reserve that contributed to the stabilization of the US economy following the Great Recession. What...
Project Risk Analysis Made Ridiculously Simple
Project management is the art of analyzing and managing risks. Without risk, there is little need for project management. Project Risk Analysis Made Ridiculously Simple offers a step-by-step guide on how to perform project risk analysis and risk management for a wide range of readers: students, project schedulers not exposed to project risk analysis before, and to project risk experts. With this book, you will learn how to:Easily recognizable real-life stories and projects provide a compelling narrative while imparting valuable information on both the theory and practice of project risk management. You will not only understand why project risk management is important to the success of their projects, but you will also know how it can be implemented in your organization and the appropriate tools to use.
Market Power, Economic Efficiency And The Lerner Index
The book uses distance functions, a generalization of the more familiar production function, as the theoretical and empirical tools to construct Lerner indexes of market power in both the input and output markets. The use of distance functions enables us to explicitly account for the effects of firm inefficiency and price markups in the evaluation of market power. The book focusses on the theory and provides a menu of applications to construct measures of firm efficiency and market power in the financial and public sectors.
Global Sourcing Of Services: Strategies, Issues And Challenges
There are three stages to outsourcing: The first occurred at the dawn of industrial era in the 19th century, where mass production for consumption by many, became the norm and simple domestic means could not meet such demands. With the cost of labor soaring in developed countries, manufacturing of products started moving to countries like China to take advantage of labor arbitrage in the 1900s. This is the second stage of outsourcing. This book addresses issues and challenges in the third stage of outsourcing whose focus is on movement of services at electronic speed, utilizing the Internet platform.The book includes short essay questions, multiple choice questions, mini-cases at the end of most chapters and glossary of terms. It can also serve as a good reference book for practitioners.
Information Systems and Modern Society: Social Change and Global Development
The emergence of the digital age has transformed the way society communicates as well as disseminates information. Information Systems and Modern Society: Social Change and Global Development is a comprehensive collection of research on the emergence of information technology and its effect on society. By providing a forum for practitioners and researchers, this book aims to bring to light the advancements made throughout social changes and the application of information systems. This research provides recent techniques useful for policy makers, practitioners and students.
Real Options In Energy And Commodity Markets
The field of real options is concerned with the management and financial valuation of operational flexibility in business endeavors. From the very outset, energy and commodity markets — which play fundamental roles in the worldwide economy — have provided a relevant context for real option analysis, both in theory and practice.This volume is a collection of six chapters covering recent research on real options in energy and commodity markets, reflecting the significance of these markets for real option analysis. The volume is divided into two parts — the first on theory and the second on methods and applications.The two chapters in the first part of the book respectively address commod...
Advances In Data Envelopment Analysis
Data Envelopment Analysis (DEA) is often overlooked in empirical work such as diagnostic tests to determine whether the data conform with technology which, in turn, is important in identifying technical change, or finding which types of DEA models allow data transformations, including dealing with ordinal data.Advances in Data Envelopment Analysis focuses on both theoretical developments and their applications into the measurement of productive efficiency and productivity growth, such as its application to the modelling of time substitution, i.e. the problem of how to allocate resources over time, and estimating the 'value' of a Decision Making Unit (DMU).
Measuring Sustainable Development Goals Performance
Measuring Sustainable Development Goals Performance provides a quantitative and analytical framework for evaluating social, economic, and environmental policies aiming at the UN sustainable development goals (SDGs). Continuing their earlier work on multidimensional analysis, the authors demonstrate how nations can be ranked in terms of their performance in meeting a given set of SDGs, providing numerical calculation of SDGs deficit. Their calculations show that even before the arrival of the COVID-19 virus, there existed in several large Western nations undetected pockets of SDG deficits, such as in the care for the elderly, personal safety, and hygiene. Extending the calculations to cover C...
A Civic Entrepreneur
This biography details the life and career of George Kozmetsky, a prominent twentieth-century Texas educator, businessman, technology innovator, and philanthropist.
