In an attempt to turn data management into a profitable enterprise, many businesses are seeking to integrate and centralise their data through data warehousing. A data warehouse then allows businesses to turn data into knowledge, and turn knowledge into tangible profits. One key success factor...

Asset health prediction is imperative to optimal asset management. Online and offline inspections can provide useful information for predicting asset health. The information from an asset health inspection can be divided into two types. (1) Direct indicators which directly determine failures...

In the framework of Black-Scholes-Merton option pricing models, by employing exotic options instead of plain options or warrants, this paper presents an equivalent decomposition method for usual Callable Convertible Bonds (CCB). Furthermore, the analytic valuation formulae for CCB are worked out...

Results derived from evaluations using different measures for China's economic growth are divergent, especially when the RMB exchange rate has experienced large depreciation. Focusing on the changes in the RMB exchange rate matching the demands of economic development, we offer some plausible...

In this paper, we propose a dynamic model of the term structure of forward exchange rates and discuss the effects of jumps in interest rates on the term structure of forward exchange rates. First, we develop a dynamic three-factor model of forward exchange rates in continuous time that...

Volatilities implied in options significantly stray upward from realized volatilities. Trading prices in markets are higher than theoretical prices calculated by the BS model. This paper aims to explain the implied volatility premium from the perspective of investors' loss-aversion. In practice...

By applying tournament analysis to the UK Unit Trusts data, the results support significant risk shifting in the family tournament; i.e. interim winning managers tend to increase their level of risk exposure more than losing managers. It also shows that the risk-adjusted returns of the winners...

We consider a scenario in which a large equipment manufacturer wishes to outsource the work involved in repairing purchased goods while under warranty. Several external service vendors are available for this work. We develop models and analyses to support decisions concerning how responsibility...