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In real life, as well as in economic models, individuals often make decisions in an uncertain environment. In many cases, a problem which an optimizing agent faces can be formulated or reformulated as a problem of optimal timing of a certain irreversible or partially reversible action or optimal stopping problem. In this book, the authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization.
Economic schools --- financiën --- speltheorie --- economisch denken --- Operational research. Game theory --- Finance --- Decision making --- Optimal stopping (Mathematical statistics) --- Uncertainty --- Prise de décision --- Arrêt optimal (Statistique mathématique) --- Incertitude --- Mathematical models. --- Modèles mathématiques --- EPUB-LIV-FT SPRINGER-B LIVECONO LIVGESTI --- Economic theory. --- Finance. --- Mathematics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Finance, general. --- Game Theory, Economics, Social and Behav. Sciences. --- Math --- Science --- Funding --- Funds --- Economics --- Currency question --- Economic theory --- Political economy --- Social sciences --- Economic man --- Game theory. --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics
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An enterprise architecture tries to describe and control an organisation’s structure, processes, applications, systems and techniques in an integrated way. The unambiguous specification and description of components and their relationships in such an architecture requires a coherent architecture modelling language. Lankhorst and his co-authors present such an enterprise modelling language that captures the complexity of architectural domains and their relations and allows the construction of integrated enterprise architecture models. They provide architects with concrete instruments that improve their architectural practice. As this is not enough, they additionally present techniques and heuristics for communicating with all relevant stakeholders about these architectures. Since an architecture model is useful not only for providing insight into the current or future situation but can also be used to evaluate the transition from ‘as-is’ to ‘to-be’, the authors also describe analysis methods for assessing both the qualitative impact of changes to an architecture and the quantitative aspects of architectures, such as performance and cost issues. The modelling language and the other techniques presented have been proven in practice in many real-life case studies. So this book is an ideal companion for enterprise IT or business architects in industry as well as for computer or management science students studying the field of enterprise architecture.
Industrial organization --- Industrial management --- System Design --- Management information systems --- Strategic planning --- Technological innovations --- Management information systems. --- Strategic planning. --- System design. --- Technological innovations. --- System design --- 004 --- 681.3*D211 --- 681.3*K61 --- Design, System --- Systems design --- Electronic data processing --- System analysis --- Goal setting (Strategic planning) --- Planning, Strategic --- Strategic intent (Strategic planning) --- Strategic management --- Planning --- Business planning --- Industries --- Organization --- Industrial concentration --- Industrial sociology --- Business administration --- Business enterprises --- Business management --- Corporate management --- Corporations --- Industrial administration --- Management, Industrial --- Rationalization of industry --- Scientific management --- Management --- Business --- Computer-based information systems --- EIS (Information systems) --- Executive information systems --- MIS (Information systems) --- Sociotechnical systems --- Information resources management --- 681.3*K61 Project and people management: life cycle; staffing; systems analysis and design; systems development; training (Management of computing and information systems) --- Project and people management: life cycle; staffing; systems analysis and design; systems development; training (Management of computing and information systems) --- Software architectures: data abstractio, domain-specific architectures, information hiding, languages (e.g. description, interconnection, definition), patterns (e.g. client/server, pipeline, blackboard) --- Communication systems --- Gestion d'entreprise --- Systèmes, Conception de --- Informatique de gestion --- Planification stratégique --- Innovations --- EPUB-LIV-FT SPRINGER-B LIVECONO LIVGESTI --- Information technology. --- Information systems. --- Computer science. --- Software engineering. --- IT in Business. --- Information Systems Applications (incl. Internet). --- Computer Appl. in Administrative Data Processing. --- Models and Principles. --- Software Engineering. --- Computer software engineering --- Engineering --- Informatics --- Science --- IT (Information technology) --- Technology --- Telematics --- Information superhighway --- Knowledge management --- Business—Data processing. --- Application software. --- Computers. --- Automatic computers --- Automatic data processors --- Computer hardware --- Computing machines (Computers) --- Electronic brains --- Electronic calculating-machines --- Electronic computers --- Hardware, Computer --- Computer systems --- Cybernetics --- Machine theory --- Calculators --- Cyberspace --- Application computer programs --- Application computer software --- Applications software --- Apps (Computer software) --- Computer software --- Industrial organization - Technological innovations --- Industrial management - Technological innovations
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