Too many financial decisions are made without factoring in the time value of money. Whether providing financial planning advice related to a client’s retirement, advising a client about a business ...

For many businesses, compliance functions are frequently perceived as a cost center—an unavoidable expense that doesn't directly correlate to revenue growth. In some organizations, compliance teams ...

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Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Most people probably don’t think of mathematics when they hear “busy beavers.” But these eager little animals symbolize one of the most amazing concepts of the knotty field: not everything can be ...

Managers recognize accounting as the language of business. Accounting is a means of providing information about an organization's financial performance. The role of accounting is not just limited to ...

Mathematics of Operations Research, Vol. 22, No. 4 (Nov., 1997), pp. 872-885 (14 pages) The present work deals with the comparison of (discrete time) Markov decision processes (MDPs), which differ ...

This paper examines whether the comparison of value-at-risk (VaR) models depends on the loss function used for such a purpose.We showa detailed comparison for several VaR models for two groups of loss ...