Book Description
ASW's Introduction to Management Science: A Quantitative Approach to Decision Making provides thorough, application-oriented coverage in a very readable writing style. This is the leading text on the market. Simply put, it's a classic! The problem-scenario approach introduces quantitative procedures through situations that include both problem formulation and technique application. The extensive linear programming coverage includes problem formulation, computer solution, and practical application. The text covers transportation, assignment, and the integer programming extension of linear programming, as well as advanced topics like waiting line models, simulation, and decision analysis. A large selection of problems includes self-test problems with complete solutions and case problems. Excel spreadsheet appendices are included as well.
Customer Reviews:
Good program with textbook.......2007-08-22
I had to use this text for a sophmore level management science course. While the book is extensively detailed, it is written for graduate school level course work. The program that comes with the text is much more useful for the undergrad student tackling business statistics.
Graduate Students Guide.......2006-03-10
This book is an essential guide for every graduate student. It makes mathematical and technical concepts of management science understandable and useful.
Good college textbook.......2006-02-25
This book provides thorough explanations, good tables, graphs, examples and self-test questions with most of the answers in the back of the book.
katz.......2005-04-19
Trust Me. This is the only book that you'll need to get started started in this area. The authors have done an excellent job in producing such a work, that takes care to explain all the details of management science.
I used this text for my professional exams (CIMA) and the it was great. All the chapters in this book are cleanly written to take that I doesn't leave anything unexplained. However, the following chapters are the ones that I like the most in this book:
1. Introduction to LP
2. LP: Sensitivity Analysis: Amazing work here.
3. LP Applications: formulation of problems in this chapter may be bit difficult at first, but keep reading and you'll learn and appreciate the work that the authors have put in.
4. LP - Simplex Method: My favorite chapter. Is highly readable. This one chapter alone is worth the book.
5. LP - Simplex Sensitivity.
6. Integer LP
7. Project Scheduling - Great, well written chapter, another favorite of mine.
8. Decision Analysis - Good but the problems are repetative.
9. Markov Process - An introduction only, but the application of markov process to accounts receivable anlaysis is very useful for anyone wondering about the applications of markov processes.
Overall a great book that is worth its price.
Book Description
This worldwide best-selling business statistics text teaches students how to apply statistics to real business problems through the author's unique three-step approach to problem solving. Students learn to IDENTIFY the right technique by focusing on the problem objective and data type. They then learn to COMPUTE the statistics either by hand, using Excel, or using MINITAB. Finally, they INTERPRET the results in the context of the problem. Keller's approach enhances student comprehension as well as practical skills. The book offers maximum flexibility to instructors wishing to teach concepts by hand or with the computer, or by using both hand and computer methods.
Customer Reviews:
Not so good!.......2005-12-10
Now in my second statistics course, I have a great base in statistics. This book seems to confuse everything that i've already learned. I would recommend using The Basic Practice of Statistics over this book anyday.
Book Description
Valuable software, realistic examples, and fascinating topics . . . everything you need to master the most widely used management science techniques using Microsoft® Excel™ is right here! Learning to make decisions in today's business world takes training and experience. Cliff Ragsdale--the respected innovator in the field of management science--is an outstanding guide to help you learn the skills you need, use Microsoft Excel for Windows to implement those skills, and gain the confidence to apply what you learn to real business situations. SPREADSHEET MODELING AND DECISION ANALYSIS gives you step-by-step instructions and annotated screen shots to make examples easy to follow. Plus, interesting sections called The World of Management Science show you how each topic has been applied in a real company.
Customer Reviews:
A Good Book for Finance/IT majors.......2007-09-17
This book does what it sets out to do: teach spreadsheet modeling. I'm only on the third chapter, but the author does a good job including step by step instructions on how to create winning models. The author is also very easy to understand. So if you're going to be doing optimization and modeling in your work, I highly recommend this book.
Great book, and includes @RISK.......2007-08-06
Ragsdale really makes spreadsheet modeling accessible to real-world business situations. It was a great asset to my MBA coursework. As a student, it came with a free student version of @RISK risk analysis software as well.
Good practical text.......2006-11-12
A good book for those studying decision making techniques or as a reference for managers looking to upgrade their skills
Decision analysis.......2006-11-02
Excellent book; I am considering it as a textbook for a Managerial Sciences course. The examples are clear and real increasing the interest of the students.
Good book , worth to read.......2006-02-17
This book is designated as the textbook for our master's level management modeling class. The author concerntrated on the application of Microsoft Solver to solve various of optimazation problems that we freqently faced in the real business opreations. Overall, this is good book for entry-level management modeling study.
Average customer rating:
- Great Book
- Methods, standards and work design
- 11th edition
- 1955 Concepts in 1999 Edition
- 1955 Concepts in 1999 Edition
|
Methods, Standards, & Work Design
Benjamin Niebel , and
Andris Freivalds
Manufacturer: McGraw-Hill Science/Engineering/Math
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ASIN: 0072468246 |
Book Description
Faced with increasing global competition, every industry, business, and service organization is restructuring itself to operate more effectively. Cost-effectiveness and product reliability without excess capacity are the keys to successful activity in business, industry, and government, and these keys are the end results of methods engineering.
The 11th edition of Methods, Standards, and Work Design provides practical, up-to-date descriptions of engineering methods to measure, analyze, and design manual work. The text emphasizes both the manual components and the cognitive aspects of work, recognizing the gradual decline of the manufacturing sector and the growth of the service sector. The importance of ergonomics and work design as part of methods engineering is emphasized not only to increase productivity, but also to improve worker health and safety, and thus, company bottom-line costs.
Customer Reviews:
Great Book.......2007-09-11
Learn alot from the book about Project management. It does not only apply to management but apply to daily life. It teaches you more than there is. Definitely recommended.
Methods, standards and work design.......2005-09-26
I got the book on the first day that it was expexted to arrive and its in great shape.
11th edition.......2002-08-30
I am one of the professors Dr. Seifert is talking about in his review. I continue to use this textbook in both graduate and undergraduate classes on job design. Every semester I search for a better alternative, but am unable to find it. I find this book to be helpful and a good reference that incorporates ergonomics, work design, and methods engineering. (I also use old versions of the lab book that contain very well-made forms.) This text contains the best discussion of time standards I have seen. The 11th edition contains a new chapter on cognitive work. This is a topic I have always discussed and am glad to see formal treatment of it in the new edition. As with any textbook, I do not use it as the sole source of information taught in the classroom and would not recommend it as a sole source. I use the topics in the text to launch discussions and research papers on systems theory, lean, cycle time, environmental, process improvement methodologies, ethics, and other issues for manufacturing and non-shopfloor applications. I find the book especially useful in the area of work design and time standards.
Students have found these skills useful in the workplace. Many of our students work in process improvement and lean implementations. They use these skills to reduce cycle time and balance the lines to meet the demands of customers. Good implementation of lean requires knowledge of how to balance a line to meet customer demand, identify constraints, reduce cycle time, eliminate waste, understanding and dealing with change, cost/benefit analysis, and a direct understanding the relationship between the customer demand and production rate. This text touches on or covers in detail these topics.
I find that the book appears to focus on machine and operator efficiency and utilization, has a primarily decompositional view of work, and concentrates mostly on shopfloor operations. Even with these drawbacks, the text gives the reader solid information on improving workplace design and reducing cycle time while improving worker safety and productivity. I use the discussion on machine and worker utilization to compare and contrast with other manufacturing philosophies, and to relate what the text is covering to more 'big picture' aspects. Other topics not included are a good discussion of maintenance operations and quality. I suggest using other sources to incorporate those topics. All in all, the book is not perfect. It is a very good reference book and text book.
1955 Concepts in 1999 Edition.......2000-10-07
This antiquated textbook is still used at colleges and universities throughout the United States. The first edition of this book was published in 1955 and, after nine more editions, appears largely unchanged in its mentality. Specifically, the textbook is written for a time when corporations had legions of industrial engineers who did nothing but detailed and tedious time and motion studies. Unfortunately, today's dynamic manufacturing environment renders many of the authors' techniques impractical or even financially hazardous. For example, it emphasizes the need to maximize machine utilization (even if the machine is not considered a bottleneck operation). Practices like these lead to excessive inventory and sub-optimization of the collective manufacturing process. In summary, I believe this textbook does a great disservice to those manufacturing firms that have achieved dramatic productivity gains through the application of lean manufacturing techniques.
1955 Concepts in 1999 Edition.......2000-10-07
This antiquated textbook is still used at colleges and universities throughout the United States. The first edition of this book was published in 1955 and, after nine more editions, appears largely unchanged in its mentality. Specifically, the textbook is written for a time when corporations had legions of industrial engineers who did nothing but detailed and tedious time and motion studies. Unfortunately, today's dynamic manufacturing environment renders many of the authors' techniques impractical or even financially hazardous. For example, it emphasizes the need to maximize machine utilization (even if the machine is not considered a bottleneck operation). Practices like these lead to excessive inventory and sub-optimization of the collective manufacturing process. In summary, I believe this textbook does a great disservice to those manufacturing firms that have achieved dramatic productivity gains through the application of lean manufacturing techniques.
Book Description
If you're like most people, you bet your career and company on innovation--because you must. Payback: Reaping the Rewards of Innovation offers you a new way to think about and manage innovation that will dramatically improve the odds of success.
Authors James Andrew and Harold Sirkin, senior partners in The Boston Consulting Group, describe an approach to managing innovation based on the concept of a cash curve--which tracks investment against time. They ask the questions you need to ask: How much should you invest in a new product or service? How fast should you push it to market? How quickly can you get to optimal value? How much additional investment should you pour into sustaining and building the product or service?
Payback offers you practical and economically sound advice on when to pursue cash flow indirectly by first pursuing other benefits, such as brand and knowledge. It also shows you how to reshape the cash curve by using different business models--integrator, orchestrator, and licenser--each of which balances risk and reward differently.
The authors then present a short list of decisions and activities that you must make--not delegate--to achieve a high return on innovation. You won't find facile answers in Payback--but you will find valuable insights and practical guidance for mastering one of the most challenging and critical business activities: innovation.
Customer Reviews:
Solid idea; very weak exposition.......2007-05-24
This book bears all the weaknesses one expects from management consultants. It has a solid core concept, the cash curve, and a very simple graph to go with it. Virtually everything worth knowing gets said in the first 50 pages of the book.
What follows is a logical, step by step exposition of each point in more detail using selected examples from the authors' consulting experience. Sadly, no single customer example is longer than four pages, and details are sparsely strewn. It is especially noteworthy that they graphic of the key concept, the cash curve, is wholly absent from the second (much longer) half of the book.
One also gets the feeling that if the authors had had different customer engagements, they would have come to different conclusions. For instance, they discuss how Intel practices the integration business model in their chip business. However, virtually every other semiconductor company of any note on the planet is using outside factories (fabs in semiconductor parlance). Many, such as Qualcomm and Broadcom just to pick two examples have built market capitalizations in the tens of billions of dollars practicing the orchestration business model. It would have been very instructive to compare and contrast how two different models in essentially the same business can both lead to outstanding results for investors. Sadly, that discussion is wholly absent.
In summary, the core principal of the book is a very important one. I cannot think of a single business that could become a big success not understanding it. However, the lack of details in the customer examples keeps this book from realizing anywhere close to its real potential.
Freshman overview.......2007-05-14
Don't expect any insight into the process of innovation. Payback provides a freshman-level overview of innovation taking place in various companies, but is not a source of insight into the process. Years after the results of internal policies of many companies have become apparent to the business World, the author merely points to seeming successes and says "Do That", and to the failures "Don't Do That".
There is a decent comparison of the Integrator, Orchestrator, and Licensor models and some of the issues facing decision makers. Look for this around the middle of the book.
For a far more profound study that is immediately useful there is probably nothing better than Christensen's Innovator's Solution - cover-to-cover. Payback lacks any reference at all to many of the biggest challenges to implementing policies and deriving return in the market place, from innovation. Beginning with Christensen's Innovator's Dilemma, learn first of all why established companies get stuck in a rut of satisfying the demands of existing customers and simply cannot produce new products and services that really will produce big paybacks. Learn also the big difference between sustaining innovations and disruptive innovations. Discussing payback without this understanding is like studying Rocks without studying Geology.
I must have read a different book.......2007-04-09
Based on the other reviews I must have read a different book. But seriously Payback bills itself on the ideas behind creating practical and actionable innovation, how else could you meet the promise of 'reaping the rewards of innovation.'
Unfortunately the rewards they are talking about are all in terms of cash and profits making this book a 101 finance book built around the authors notion of the Cash Curve with the following basic tenants:
- don't spend to much to create an idea because that consumes upfront cash
- don't take too long to commercialize and bring the idea to market
- get your idea into volume production as soon as possible
- support the idea with a measured post launch investment.
Sorry but that's it. The book is heavy on the finance 101 side and extremely light on the idea of practices and ideas. Sure they say that you can play different role: innovation integrator, orchestrator, or liscensor but you pretty much know what the authors are going to say just by the role names.
The book does have an number of case studies, many that are available in the public domain, however these cases are more narrative telling you what happened without being analytical and telling you why the did this or that and the result it took.
Overall this book is very light on the ideas and actions required to deliver the rewards of innovation because it treats innovation as a financing event that is intended to generate cash. While that view is true, there is allot of insight, actions and practices that must happen before we can start thinking about how to get cash out of an innovation. I only hoped that the authors had taken the time to tell us that.
Business libraries and business managers will find it inspirational........2007-03-12
Written by professional consultants James P. Andrew and Harold L. Sirkin, Payback: Reaping the Rewards of Innovation is a solid guide to the difference between having a good idea and turning that idea into financial reward. Payback puts forth the argument that the biggest challenge facing most companies today is their need to increase returns from their innovation spending. Introducing a concept called the "cash curve", Payback explores the fundamental factors that affect how much financial return will be netted. From how and when it can be profitable to apply innovation to noncash goals (such as the acquisition of new knowledge or enhancement of the company's brand), to models that accurately assess financial, technical and market risks to the relative advantages and disadvantages of the integration, orchestration, and licensing models and when to employ each, Payback is a reservoir of solid, high-stakes insight into skilled decision making. As valuable for innovative small business owners as for managers of grand enterprises.
Leading Beyone Where The Numbers Can Tell You.......2007-02-18
Innovation is one of the biggest problems facing companies today. This book does an excellent job of analyzing innovation into various types of companies and showing several examples of successful and unsuccessful companies.
The authors break innovation approaches within companies into three broad categories:
1. The Integrator - Here is where a company has a core competence and they hold the developement very close to their chest. The example they use is BMW who has a core technology in engines that they protect as much as they possibly can. Afer discussing a couple of other successes they then discuss Polaroid who attempted to move from film to digital cameras but failed.
2. The Orchestrator - where a company has the broad general idea and the ability to take a product to market but doesn't have the time, expertise, or desire to do this particular design/manufacturing job.
3. The Licensor - Some companies develop technologies that they are not going to take to market themselves. Dolby is the example they use, with technology licensed to various manufacturers. They have become the standard for audio professionals.
These decisions cannot be made by accountants, they take a leader. Someone has to see the potential beyone what the sheer numbers are showing.
Book Description
The essential guide for forward-thinking business leaders who see the Green Wave coming and want to profit from it
This book explores what every executive must know to manage the environmental challenges facing society and business. Based on the authors' years of experience and hundreds of interviews with corporate leaders around the world, Green to Gold shows how companies generate lasting value, cutting costs, reducing risk, increasing revenues, and creating strong brands, by building environmental thinking into their business strategies. Daniel C. Esty and Andrew S. Winston provide clear how-to advice and concrete examples from companies like BP, Toyota, IKEA, GE, and Nike that are achieving both environmental and business success. The authors show how these cutting-edge companies are establishing an “eco-advantage” in the marketplace as traditional elements of competitive differentiation fade in importance. Esty and Winston not only highlight successful strategies but also make plain what does not work by describing why environmental initiatives sometimes fail despite the best intentions.
Green to Gold is written for executives at every level and for businesses of all kinds and sizes. Esty and Winston guide leaders through a complex new world of resource shortfalls, regulatory restrictions, and growing pressure from customers and other stakeholders to strive for sustainability. With a sharp focus on execution, Esty and Winston offer a thoughtful, pragmatic, and inspiring road map that companies can use to cope with environmental pressures and responsibilities while sparking innovation that will drive long-term growth. Green to Gold is the new template for global CEOs who want to be good stewards of the Earth while simultaneously building the bottom line.
Customer Reviews:
Superior Primer for the Green Movement.......2007-09-17
This book was a primary resource for the development of my client's green program. It was focused enough to provide a thorough understanding of the hot environmental issues, without being too tree-huggerish. It highlights the responsibilities of global stewardship along with those of being financially accountable in the business arena.
Excellent Book.......2007-09-10
Green to Gold is a very thorough, well written book. Anyone involved in marketing should definitely take the time to read this book. I learned a great deal from this book it was well worth my investment of money and time.
Straightforward sustainability manual.......2007-06-15
Sesame Street's Kermit the Frog famously observed, "It's not easy being green." Whether easy or not, environmental and social pressures are pushing more and more companies to ride the "green wave" to ecological sustainability. In this beautifully organized, crisply written book, Daniel C. Esty and Andrew S. Winston, both Yale professors, describe how sustainability can create competitive advantage. They succinctly make the business case for sustainability, and then provide a playbook of green strategies and tactics. The presentation is neither too abstract nor too detailed: It's just right. Nor is their presentation one-sided: They enumerate many ways sustainable products and strategies can go wrong. While some of their suggestions may seem obvious, the authors deserve praise for collecting so many excellent tips and tricks, and for describing them in memorable (mostly) jargon-free prose. We highly recommend this smart book to any business leader who wants to move beyond rhetoric to action. While Kermit's wisdom is doubtless correct, this handbook makes being green much easier.
Green to Gold.......2007-05-14
I bought the book because of the title. I was not disappointed. The book is more focused on business prospects than on real environmental issues but it was what I was looking for.
Best Available Primer for Top Management.......2007-03-15
I have read and praised "Natural Capitalism," "Ecology of Commerce," and "Cradle to Cradle," here at Amazon, and I mention them to emphasize that this book, "Green to Gold," is the hands-down no-contest best primer for top management. The others are intellectual presentations. This is a business oriented primer with lots of facts, lists, and resources.
It is a pro-business book that focuses on opportunities. It is extremely well-organized, with three parts, twelve chapters, and three appendices including a superb list of active web sites relevant to doing well by doing good.
This book is based on hundreds of interviews over four years, and every aspect of it is professional presented, including boxes with "10 second overviews" interspersed throughout.
The authors are compellingly pointed in their discussion of how the environment, and attendant regulations and attendant risks of catastrophic costs, is no longer a fringe issue. Mistakes in cadmium content of connecting cables can cost hundreds of millions.
The authors excel at discussing the new pressures from natural limits that are now visible (changes that used to take 10,000 years now take 3--see my reviews on Ecological Economics, the Republican War on Science, the varied books on Climate Change, etc) and the fact that there is a growing range of stake-holders who are altering the balance of power.
The authors are clear in noting that environmental compliance and wisdom is neither easy nor cheap, but they are equally detailed in documenting that most investments to reduce environmental costs are recouped within 12-18 months. In one cited example, 3M saves $1 billion in the first year alone on pollution reduction, and over the course of a decade, was able to reduce its pollution by 90%.
On page 33 they list the top 10 environmental issues and I like this list very much as an expansion on "Environmental Degradation" which is the over-all threat that the High Level Threat Panel of the United Nations ranked as third out of ten, to Poverty and Infectious Disease. They are:
01 Climate Change
02 Energy
03 Water
04 Biodiversity and Land Use
05 Chemicals, Toxics, and Heavy Metals
06 Air Pollution
07 Waste Management
08 Ozone Layer Depletion
09 Oceans and Fisheries
10 Deforestation
The authors do a superb job in summarizing each of these in several pages perfectly suited to the busy manager. For those desiring more in-depth looks, see my many reviews across the board, including "Priority One," various books on energy, "WATER: The Fate of Our Most Precious Resource," "Pandora's Poison," and "Blue Frontier."
The bottom line for the first part of the book: extremes can no longer be dampened down; and we now recognize the eco-system value of the wetlands that we have paid the Army Corps of Engineers to eradicate for decades.
The authors devised a schema for businesses to develop an understanding and then a strategy for reducing their environmental footprint. The authors do extremely well with their organized examination of Aspects, Upstream, Downstream, Issues, and Opportunities (AUDIO), and anyone looking at the book in a store can go directly to pages 62-63. This is an operational management handbook.
There is an excellent overview of the many new stake-holders (or significantly matured stake-holders including NGOs, religions, and local citizens. Business can no longer bribe government--government cannot "deliver" the way it used to (see my review of "Class War" for a sense of how corruption of other elites by our elites has accelerated all the ills of the world).
Regulations, according to these authors, should be seen as vital incentives and parameters for both reducing costs and gaining trust.
Forty global banks, and many insurance companies, now demand proper examination of ecological costs as a condition for funding or coverage.
The authors remind me of General Tony Zinni, whose books I have reviewed, in their emphasis on relationships developed over time. They urge a strong focus on relationships NOW, across the board, as a means of building a "trust bank" as well as a deeper understanding. Blocks that used to be labels "not our problem" or "not legally liable" are now labeled "IMPORTANT TO US."
In the middle of the book they explore the digital information advantages that can accrue to those who get out of their closed loops and increase innovation. In one instance, simply adding load to trucks reduced fuel consumption and emissions considerably.
The middle of the book contains 8 detailed "Green to Gold" plays, and I won't spoil it by listing them. A box in this section says "Truth Matters" and I applaud silently.
The authors stress that mind-set, not just a check-book, is required to get this right. Five basic rules are 1) See the forest; 2) Start at the top; 3) No is not an option; 4) Feelings are facts; and 5) Do the right thing, morality DOES pay.
Pages 168-169 are sheer brilliance, and illustrate why the value chain must be completely integrated into the environmental strategy of each element of that value chain and most especially the largest and most powerful of the elements, which must carefully consider and accept responsibility for demanding improvements by the smallest elements.
Eight lessons of partnering, 13 problems and their solutions, and a final chapter of very specific actions that managers can take, conclude the book.
My final note on this book: a pleasure to read, easy to read, so well done I got through it in half the time characteristic of denser or less well designed books. This is first rate stuff!
Book Description
Designed to form the basis of an undergraduate course in mathematical finance, this book builds on mathematical models of bond and stock prices and covers three major areas of mathematical finance that all have an enormous impact on the way modern financial markets operate, namely: Black-Scholes’ arbitrage pricing of options and other derivative securities; Markowitz portfolio optimization theory and the Capital Asset Pricing Model; and interest rates and their term structure. Assuming only a basic knowledge of probability and calculus, it covers the material in a mathematically rigorous and complete way at a level accessible to second or third year undergraduate students. The text is interspersed with a multitude of worked examples and exercises, so it is ideal for self-study and suitable not only for students of mathematics, but also students of business management, finance and economics, and anyone with an interest in finance who needs to understand the underlying theory.
Customer Reviews:
Mathematics for Finance: A useful tool for the unskillled investor.......2007-03-19
I enjoyed reading the book and solving exercises in it. I have a Ph.D.in chemistry and my wife and I did our his and her's MBA in the 1990s. I wanted to learn more concepts in finance and needed an easy entry, something I could enjoy, and without spending much money. The book by Capinski came recommended from a friend who teaches Economics at Cal State. I can speak for myself: I feel reasonably informed and I feel the book gave me concepts I can use to handle my own portfolio.
In the future, this text should be offered with an interactive CD that contains Xls, matrix, calculus, and graphing capabilities so one (I) can visualize the outcomes of proposed solutions.
Incoherent.......2007-01-18
Anyone can scribble a bunch of equations on paper and call it a book. Without sufficient context, they are useless.
Insufficient and disappointing. Not even a good introductury text........2006-05-15
As a graduate student in Financial Engineering I have found this book useless.
The title of the book is "Mathematics for Finance", but can you find in it even an elementary introduction to the stochastic processes? No. Ditto for the Ito's lemma and many other topics. The derivation of the Black Scholes formula is just sketched, and the insight that you can get from it is very limited.
Nevertheless, I wouldn't mind these limitations if this book provided a clear introduction to more advanced topics: unfortunately this book is not good even in that. In comparison to other textbooks the theorems and definitions are convoluted and do not go straight to the point. For example, in Shreve's "Stochastic Calculus for Finance" or Baxter & Rennie "Financial Calculus" the Fundamental Theorem of Asset Pricing is stated in this way: "In a market with risk neutral probability there is no arbitrage". Can you find such a simple and explanatory definition in Capinski's book? Not at all. The theorem at page 83 (you can see it yourself by searching inside the book) basically says the same thing using 8 lines of text and little financial intuition.
The only good thing that I can say about this book is that all exercises are resolved.
Overall, "Mathematics for Finance" has been a big disappointment: it doesn't have either the mathematical depth of Shreve's books or the conciseness in explaining financial concepts of Baxter & Rennie.
Whatever is the level of education that you are pursuing, graduate or undergraduate, I don't see any point in using it.
Great Book for Undergrad Quants.......2005-08-29
Mathematics for Finance (An Introduction to Financial Engineering) is a book intended for undergrad students "IN MATHEMATICS" or other discipline with a relative high mathematical content.
The book assumes some basic notion of Calculus and Probability Theory and it is focused more on the mathematics than in its theory and application of Finance. If you are looking to dwell into the mathematics (Proof of Equations) this is a great book, but if you are looking for a book that is rich in theory and in application then you should consider "Option, Future and Other Derivatives" or "Quantitative Methods for Finance" as an alternative. Both books are "a most" for any finance student and are of great help. Now if you want an introduction into the mathematics behind Finance then this book is a perfect purchase.
Important to state that all the problems presented in this book are solved meaning that it is great for self teaching. Marek Capinsi and Thomas Zastawniak have done a great job on this book.
I gave it four stars, because it has room for impovement.
Joining the chorus.......2005-08-03
I can only echo the other reviewers. As far as I can tell this book has no serious competition. This is an excellent introduction to mathematical finance for those with a solid undergraduate level understanding of higher math but without graduate level exposure. I agree that it is ideal for self study as that is exactly what I am using it for. The price is right especially in contrast with its overpriced brethren. Five stars!
Average customer rating:
- the right book, at the right time, in the right place... dubai
- What a Phenomenal Job!
- MBA student
- A first class book on Real Estate Development
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Construction Funding: The Process of Real Estate Development, Appraisal, and Finance
Nathan S. Collier ,
Courtland A. Collier , and
Don A. Halperin
Manufacturer: Wiley
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Similar Items:
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Real Estate Development: Principles and Process 3rd Edition
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Professional Real Estate Development 2nd Edition
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Land Developer's Checklists and Forms
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Real Estate Market Analysis: A Case Study Approach
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Land Development Calculations: Interactive Tools and Techniques for Site Planning, Analysis and Design
ASIN: 0471394661 |
Book Description
This updated classic is unrivaled in its complete, single-volume coverage of financing real estate development
This thoroughly revised Third Edition of Construction Funding provides professional and student readers alike with the critical tools needed for developing any successful real estate venture. Using a case example of a 260-unit apartment development, the authors walk the reader through each project phase, offering invaluable guidance on raising capital, selecting markets, rating sites, securing insurance, creating joint ventures, understanding loan options, and mastering cash flow management.
Beginning with an overview of today's real estate industry, Construction Funding acquaints readers with various types of business organizations in real estate, including the advantages and disadvantages of each. An entire chapter in this first section is devoted to the most critical tool of them all: negotiation. The second section of the book provides a step-by-step outline of the typical development process from start to finish. Included in this section are guidelines for:
- Creating a pro forma that will make projects profitable, not a loss
- Understanding the appraisal-the key to financing real estate
- Navigating a loan application
- Correctly completing all required documents to close a construction loan
- Writing a commitment letter that can seal a $15 million deal
The final, third section addresses the mathematical and technical tools of construction, including chapters on forecasting cash flow needs, calculating the time value of money, and funding and feasibility problems. Also provided are appendices containing loan forms, interest rate tables, and valuable information on federal construction programs.
Written by a team of authors with broad experience in the construction and real estate industries, Construction Funding is the book to guide undergraduate and graduate students in construction programs, as well as an invaluable reference for professional developers, planners, and contractors.
Customer Reviews:
the right book, at the right time, in the right place... dubai.......2006-08-17
the right book, at the right time, in the right place... dubai
What a Phenomenal Job!.......2005-04-14
I read construction funding, prematurely perhaps, as one of my first ever real estate books - and I loved it! The book takes the reader through several once-real-life scenarios and explains the construction process step by step. I think that both ambitious beginners and more seasoned loan officers and developers would benefit from reading this book.
MBA student.......2002-03-05
Very interesting book; very easy to read.
As a small real estate investor I found it very helpful in understanding many of the ins and outs of real estate and financing, especially on the scale i would like to grow to.
A first class book on Real Estate Development.......2002-02-05
The third edition of Construction Funding by Nathan S. Collier et al is a remarkable demonstration of insight and expertise. Collier and colleagues provide an exceptionally lucid description and analysis of the process of real estate development that is accessible to non-experts while being authoritative at the same time. In addition to being an excellent text for students and others interested in careers in real estate development, this book serves as essential background for all those whose responsibilities include any part of the development process.
Average customer rating:
- A tool that can't break!
- CAN'T BEAT THIS FOR THE PRICE
- What you need on the shop floor:-)
- OUTSTANDING!
- The Greatest Lean Book Ever Written
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The Lean Pocket Guide
Manufacturer: MCS Media
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Binding: Spiral-bound
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Similar Items:
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The Lean Manufacturing Pocket Handbook
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The Lean Six Sigma Pocket Toolbook: A Quick Reference Guide to 100 Tools for Improving Quality and Speed
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Lean Thinking : Banish Waste and Create Wealth in Your Corporation, Revised and Updated
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The Toyota Way
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The Lean Manufacturing Employee Training Manual
ASIN: 0972572805 |
Book Description
The Lean Pocket Guide is designed for use as a convenient, quick reference as you learn and implement lean manufacturing tools and techniques. It provides valuable insight into the nuances of lean from a team of lean sensi's throughout the world.
You can put your finger on any entry or lean concept, term, tool, or technique within a matter of seconds! With the simply, clear illustrations, this is definitely meant for use on the shop floor.
Also, included is this Pocket Guide is a ready-to-submit Suggestion Form to get those ideas into action, NOW!
Customer Reviews:
A tool that can't break!.......2007-01-09
This little book is full of great ideas and concepts and can help you out on the job, but also if you are a person looking to become familar with these concepts, this is a great book to read.
CAN'T BEAT THIS FOR THE PRICE.......2006-05-15
I recently purchased the Lean Pocket Guide (published by MCS Media, Inc. i.e., The Lean Store) and found it to be the most book for your money that is on the market. This book set the standard for good, informative information on Lean. The illustrations and explanations were perfect for the folks on the shop floor, as well as my supervisors.
A Lean book that practices what it preaches!
What you need on the shop floor:-).......2006-03-30
Hello, this little booklet is excellent. You get all information on lean concepts in your palm and right where you need it -not at your desk- but on the shop floor.
Even better would be customized country versions to spread the lean culture widely amongst companies;-))
Regards
Ralf Lippold
OUTSTANDING!.......2005-08-20
The Lean Pocket Guide is undoubtedly the best value Lean book ever written. All the Lean tools are clearly defined, along with good, simple illustrations. The Key Points at the end of each section provide additional insight into Lean applications. All our employees have one of these. It was very rewarding to see - on the day following giving these to our employees (there was an employee that did not particpate very often in our teams) having The Lean Pocket Guide opened on his bench to the Standard Work chapter. I need say no more!
The Greatest Lean Book Ever Written.......2004-09-04
This is by far the best and most comprehensive book on lean terms and concepts in the market. The group of authors certainly understand and know the ins and outs of Lean. The illustrations, graphs, directions, key points are superbly explained like no other book..and I have read them all. Fantastic job authors!
Average customer rating:
- It was a good deal too
- Theoretical background for Operations Management - setting a new standard
- written with the heart of a teacher
- Exceptional enlightened and insightful!
- Excellent and valuable book
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Factory Physics Second Edition
Wallace Hopp , and
Mark Spearman
Manufacturer: McGraw-Hill/Irwin
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Similar Items:
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Value Stream Management
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Modeling and Analysis of Manufacturing Systems
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Lean Thinking : Banish Waste and Create Wealth in Your Corporation, Revised and Updated
ASIN: 0256247951 |
Book Description
Comprehensive Introduction to Manufacturing Management text covering the behavior laws at work in factories. Examines operating policies and strategic objectives. Hopp presents the concepts of manufacturing processes and controls within a "physics" or "laws of nature" analogy--a novel approach. There is enough quantitative material for an engineer's course, as well as narrative that a management major can understand and apply.
Customer Reviews:
It was a good deal too.......2007-08-16
The Book was in Excellent shape. It was a good deal too
thank you
Theoretical background for Operations Management - setting a new standard.......2006-10-03
This book provides you with the fundamental insights of manufacturing and assembly. Even though I do not like statistics to much, the book is written in a understandable manner and provides the fundamental knowledge to understand what is going on in manufacturing. Based on this knowledge, the flaw of MRP-systems are even explained as well as the basics of JIT/Lean. The book provides mainly the hardfacts of this science and for practical people, reading first Quick-Response-Manufacturing (from Rajan Suri) might be the easier way for many of us and gives you the motivation to take a deeper look later on - as provided by Factory Physics.
Factory Physics describes not only how to describe a single workstation and the interactions between many of them, than as well the great importance of variability reduction in a production line and how to analyse it. CONWIP-lines, as a mix of push-pull, are a central key in this book and a simple way to analyse the performance of any system is provided by the book. This book, together with Quick-Response-Manufacturing (this book includes important softfactores as well) have changed drastically my way of operational thinking and given me a sense, which system to apply (QRM or JIT/Lean) and why. The insight can even be used for services as well. One central point is the utilisation of a workstation and the knowledge, that the more you reduce variability in arrivals and processing, the higher the utilisation can be - still achieving low lead times. You will find as well important and simple laws helping you out in the daily business (Little's law and queueing theory).
As for JIT/Lean, lead time reduction can use the same japanese tools:
- SMED: setup-time reduction (lot sizes for reduction in lead time and WIP)
- TPM: productive maintenance (higher machine availability and decrease of variability)
- ZQC: fool-proof quality inspection for Zero defects (against capacity lost and to decrease variability)
All the books mentionned above, have a big advantage over traditional SCM-books: they provide you with a framework how to trim a single chain-element of the supply-chain and therefore how to built the whole supply chain. The operational strategy should be derived from the overall company strategy and with this new insights you can tailor a unique production system that fits your company's goals - or even give you an advantage over your competition. Anyway, it will not make obsolet the importance of having a sound and consistant overall business strategy (for your markets) first!
Enjoy reading, Best Regards
written with the heart of a teacher.......2006-03-13
Though the two authors are consultants, they are foremost - teachers. What is useful, and kind to a degree, is they put an effort to explain the numbers as pragmatic as possible. That idea made this book very accessible. To the industrial engineers or those who are involved (and passionate) in operations or in understanding systems - next to the Industrial Engineering Handboook, this should be in our library.
Exceptional enlightened and insightful!.......2006-02-18
I found this book to be very insightful. It helps to explain many of my own observations in my factory. The authors did an excellent job of explaining the key concepts using only average use of mathematics and in simple layman's terms. The readers will only need basic mathematics/beginner calculus, and basic statistics. Reading it was like discovering new ideas to implement in the factory to quickly realize efficiencies and cost savings. It was one of the best books I have laid eyes on in a very long time.
I highly recommend this book for every mfg and production engineers working in assembly or automation-driven factory. This book is not applicable to chemical processing, thus may not bring significant values to chemical or petroleum engineers.
Excellent and valuable book.......2005-12-23
This is the best course textbook I have had so far over about ten industrial engineering courses (and I have had some very good textbooks and courses). The book basically describes how to analyze and improve manufacturing operations through examining key areas that include: variability and its sources, push and pull systems, and supply chain management.
The authors approach is to present ideas in a very clear and relevant way. What I particularly like is that they do a great job putting things into perspective in a style that is highly readable. While there is some math involved if one wants to delve into the details that are in side notes, a basic understanding of calculus is more than sufficient. The authors are clearly very bright and, more importantly, are able to communicate very effectively and with a sense of humor.
This book can definitely be read on a stand-alone basis outside of a school environment. Many of the central ideas are very valuable.
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- Little, Brown Essential Handbook, The (5th Edition)
- Many Particle Physics (Physics of Solids and Liquids)
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