OZ Chess





OZ Chess

Chess - Chess Game - Play Chess - Chess Online

Computer Chess - Chess Set - Chess Tactics - Chess Strategy






Computer Simulation In Financial Risk Management

RRP $256.99

Click on the Google Preview image above to read some pages of this book!

Computer programs that simulate complex processes in the real world can provide a quantitative tool for determining how much debt can be added safely to a company's capital structure. The increasing number of bankruptcies and defaults in today's international business arena result from debt overload and point to major shortcomings in the conventional financial evaluation process. In this book, Roy L. Nersesian describes why current methods of risk management fail and how computer simulation can be employed to determine the safe level of debt more accurately. Because the decision to add debt to an organization requires favorable, and essentially independent, decisions from both the borrower and lender, it is necessary to quantify both perspectives. Through actual examples readers will learn how to do this and to translate an actual business situation into a simulation model or program. Current evaluation systems, according to Nersesian, fail to incorporate the cyclical nature of business activity. They result all too often in an overly optimistic projection of cash flow. Simulation techniques are better able to incorporate the transience of good times and put quantitative analysis of risk on par with quantitative analysis of reward. Simulation techniques also reduce the role of speculative, and highly subjective, judgment. For example, decisionmakers who are not familiar personally with a particular business area, assign more risk to that area than those who are. A quantified risk management system enables executives to rank projects by the degree of risk much as they currently rank them by degree of profitability. The book presents the concept of simulation in terms that can be understood by generalists in corporations and financial institutions. At the same time, it provides computer programmers with an understanding of risk management principles. It will provide a valuable resource for: financial executives, planners and strategists in corporate and governmental organizations; bank lending officers; and computer programmers working with these organizations.


A Beginners Book Of Chess

RRP $16.99

Click on the Google Preview image above to read some pages of this book!

In placing this little volume before the public we hope to offer a "Beginners Book of Chess" that will in a clear and concise manner explain the elements of our Royal Game.

As to the arrangement of the text, the movement of each of the pieces is first given and this text is followed by a printed diagram illustrating this power in action; immediately following are general observations founded on the experience of masters and students of the theory of the game.

We have drawn freely from Steinitz and other recognized authorities on the game for many of the definitions and deductions quoted.

We have included a generous number of illustrating diagrams and we believe they will be found exceedingly helpful to the beginner, who is first given an abstract statement followed by a concrete example in the accompanying diagram.

In learning the game nothing of course can quite equal personal teaching wherein the scholar and teacher meet and immediate play and instructions are joined in the lesson. The student is urged, if desirous of substantial improvement in play, to play regularly and with players stronger than himself.

-WM. F. DRUEKE & CO., Grand Rapids, Mich.



Search

OZ Chess Articles

Chess Chess Game Play Chess Chess Online
Computer Chess Chess Set Chess Tactics Chess Strategy

OZ Chess Books

Chess Chess Game Play Chess Chess Online
Computer Chess Chess Set Chess Tactics Chess Strategy

OZ Chess