The objective of econometrics is to study economic phenomena using statistical observations. Econometrics formalizes the economic theory in the form of relationships (models) whose unknown elements are determined by the available data. Econometrics quantifies and tests economic theories and makes those theories operational through forecasting or simulation of the impact of political or economic…
If one word could describe the essence of project management it is responsibility. The project manager (PM) is responsible for all that happens on a project. This doesn’t mean the project manager should or could do everything associated with the project; it does mean the PM owns ultimate responsibility for the project, regardless of who is on the project team and regardless of the obstacles…
When we think about the future of the modern state, we encounter a puzzling variety of scholarly diagnoses and prophecies. Some authors predict nothing less than the total demise of the state as a useful model for organizing society – its powers eroded by a dynamic global economy and by an increasing transference of political decision-making powers to supranational bodies. Others disagree p…
When speaking about eBusiness as applied to the healthcare market, two questions arise immediately. First, what is eBusiness? Second, why is eBusiness in healthcare different from eBusiness in other industries? In this chapter, we shall give an overview of the foundations of eBusiness, explain the importance of eBusiness within the healthcare domain, and describe the peculiarities of the h…
“The EU Public Procurement Directives are hidden to most relevant actors behind the veil of the transposing national law. As a result the problem of unavailable damages remains defi ned by the national perspective. While considering the same problem, this book shifts the perspective to the point of view of EU law. What can EU law do in order to improve the effectiveness of damages for vio…
Success is at the heart of any business. This puts sustainable, profitable Growth in corporate priority list on the top places, because the entrepreneurial Success will ultimately be secured in the long term. This is a challenging Goal to which all functions in the company have to contribute - even and in particular, the procurement function. Strategically wise internally and externally de…
This book consists of four parts which describe different aspects of the K-Method. The first part, “Introduction”, describes the K-Method using an example. This part tries to give the reader a feeling of how the K-Method and especially its price formulas work and what kind of advantages are to be expected. This part also describes the problems which could arise when a supplier begins to…
The metaphor of dwarfs standing on the shoulders of giants expresses the meaning of discovering truth by building on previous discoveries. Although it is originally attributed to Bernard of Chartres in the twelfth century, Isaac Newton popularized the concept in 1676. The concept is as relevant for us today as it was for Newton in the seventeenth century. Since the early 1980s, pioneering…
The purpose of this volume is to outline the linguistic development of Old English (OE) phonology and morphology down to about AD or so, and the development of OE syntax to the end of the OE period. This difference in periodization is dictated by the nature of the material at our disposal. OE phonology and morphology underwent significant changes—some of which are poorly recorded …
Organisations have faced big changes over the ¢¢ past decades brought about by trends like globalisation, technological innovation, restructuring and outsourcing. As a result, compared to their counterparts a couple of decades ago, organisations are now flatter, more flexible, more efficient, more customer oriented, more focused on short-term performance, and more distanced from their em…
The Authors will in the following chapter explain what the dissertation is about, how and why the research topic has been chosen, and an explanation of the basic concepts will be pointed out as well. The background includes a description of the problem that will lead to the main question and purpose of the work
There are two common definitions of statistics. The first is "turning data into information", the second is "making inferences about populations from samples". These two definitions are quite different, but between them they capture most of what you will learn in most introductory statistics courses. The first, "turning data into information," is a good definition of descriptive statistics…
This document which has been prepared for discussion, comes at an appropriate time just after the recently concluded United Nations Conference on Sustainable Development in Rio de Janerio (Rio+20), and at a time when our thrust as a nation is towards economic stability, growth and sustainability. Trinidad and Tobago’s economy has been driven primarily by our rich oil and gas sectors and…
Similar battles of change have been fought before as new technology insinuated itself into peoples' lives, from basic labor-saving devices such as the washing machine, to innovations with radical cultural consequences like the automGbfle. We take almost for granted the inexorable march of progress toward these seemingly indispensable, ubiquitous tools, not stopping to remember that they replace…
The purpose of this volume is to outline the linguistic development of Old English (OE) phonology and morphology down to about AD or so, and the development of OE syntax to the end of the OE period. This difference in periodization is dictated by the nature of the material at our disposal. OE phonology and morphology underwent significant changes—some of which are poorly recorded …
Actuarial Science is a discipline with a fascinating blend of traditional approaches, developed over many decades of experience, and modern techniques which are available thanks to the fast development of statistical, computational, and mathematical tools, new insights into dependence modeling, analysis of big data, financial engineering, risk management, and insurance economics. At the same ti…
The first thing that should be said to someone who is thinking of “going offshore” is that it is like going into major surgery. The outcomes can differ enormously, depending on the skill of the surgeons and what they are trying to accomplish. You may simply want to protect your money from volatility that comes with market crisis, economic instability, and a turbulent U.S. dollar. Or maybe …