Friendly Finances & Loans

Levy (1992) points out that lower partial moments of first order are consistent with second-order stochastic dominance. The concept of stochastic dominance has several important advantages. It requires no distributional assumptions, takes all the moments of the return distributions into account and requires only very mild assumptions about investor behavior. With respect to the comparison [...]

Develop as accurate as possible a projection of the future operations in which the money is going to be used or the operation of the project, taking into account sales, costs and other relevant financial issues. Typically, the projection should be broken down for each year of the period of the investment. Quantify positive and [...]

For decades, leading Japanese companies have directed much of their cost-management efforts towards muda or waste elimination. This involves techniques such as process analysis, mapping and re-engineering, which are important parts of operational decision-making. The value of process analysis is that it enables waste to be identified and eliminated and costs to be reduced by [...]