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York University - ADMS - 2400
CHAPTER 10: TEAM CHARACTERISTICS AND PROCESSESTeam two or more people who work interdependently over some time period toaccomplish common goals related to some task-oriented purpose.TYPES OF TEAMSWork Team a relatively permanent team in which members
York University - ADMS - 2400
CHAPTER 11: POWER AND INFLUENCEPower the ability to influence the behaviour or others and resist unwanted influence inreturn.WHY ARE SOME PEOPLE MORE POWERFUL THAN OTHERS?Acquiring PowerThere are 2 Types of Power: Organizational and PersonalOrganiza
York University - ADMS - 2400
CHAPTER 12: LEADERSHIP STYLES AND BEHAVIOURSLeadership the se of power and influence to direct the activities of followers towardgoal achievement.Leader-member Exchange Theory a theory describing how leader-memberrelationships develop over time on a d
York University - ADMS - 2400
CHAPTER 14: ORGANIZATIONAL CULTUREOrganizational Culture the shared social knowledge within an organization regardingthe rules, norms, and values that shapes the attitudes and behaviours of its employees.CULTURE COMPONENTS:1. Observable Artifacts aspe
York University - ADMS - 2600
CHAPTER 12: CAUSAL ARGUMENTSEmpirical Evidence characterized by inductive reasoning. (Probable, not certain,reasoning.) With inductive reasoning, conclusions cant be proven (as with deductivearguments).Empirical Research deals with questions such as:
York University - ADMS - 2600
CHAPTER 1: THE WORLD OF HUMAN RESOURCEMANAGEMENTo Human resource management the process of managing human talent to achieveorganizations objectives.Why Study Human Resources?o Staffing the organization, designing jobs and teams, developing skillful e
York University - ADMS - 2600
CHAPTER 2: STRATEGY AND HUMAN RESOURCESPLANNINGSTRATEGIC PLANNING AND HUMAN RESOURCESo Strategic Planning a set of procedures for making decision about theorganizations long-term goals and strategy.o Human Resources Planning the process of controllin
York University - ADMS - 2600
CHAPTER 4: JOB ANALYSIS, EMPLOYEE INVOLVEMENT,AND FLEXIBLE WORK SCHEDULESRelationship of Job Requirements and HRM functionso Job a group of related activities and dutieso Position the different duties and responsibilities performed by only one employe
York University - ADMS - 2600
CHAPTER 5: EXPANDING THE TALENT POOL:RECRUITMENT AND CAREERSRecruiting Talent Externallyo Labour Market area from which applicants are to be recruited: tight and loosemarket.Factors determining the appropriate Labour Market: Skills and knowledge req
York University - ADMS - 2600
CHAPTER 6: EMPLOYEE SELECTIONSelection the process of choosing individuals who have relevant qualifications tofill existing or projected job openingsSelection Considerations:1. Person-Job Fit job analysis identifies the individual skills, knowledge an
York University - ADMS - 2600
CHAPTER 7: TRAINING AND DEVELOPMENTThe Scope Of Trainingo Training effort initiated by an organization to foster learning among its members.Tends to be narrowly focused and oriented towards short-term concernso Development effort that tends to be orie
York University - ADMS - 2600
CHAPTER 8: APPRAISING AND IMPROVINGPERFORMANCEPerformance Appraisal - A process, typically performed annually by a supervisorfor a subordinate, designed to help employees understand their roles, objectives,expectations, and performance success. Perfo
York University - ADMS - 2600
CHAPTER 9: MANAGING COMPENSATIONPay - is a statement of an employees worth by an employer. It is a perception of worth ofan employee.STRATEGIC COMPENSATION PLANNING Links the compensation of employees to the mission, objectives, philosophies, andcult
York University - ADMS - 2600
CHAPTER 10: PAY-FOR-PERFORMANCE; INCENTIVE REWARDSStrategic Reasons for Incentive Plans:Variable Pay tying pay to some measure of individual, group, or organizationalperformance.Inventive Pay Programs - Establish a performance threshold to qualify for
York University - ADMS - 2600
CHAPTER 11: BENEFITSTHE CHIEF OBJECTIVES OF BENEFITS PROGRAM Improve employee satisfaction Meet employee health and security requirements Attract and motivate employees Reduce turnover Maintain a competitive positionProviding for FlexibilityFlexib
York University - ADMS - 2600
CHAPTER 12: SAFETY AND HEALTHSAFETY AND HEALTH: ITS THE LAWOccupational Injury any cut, fracture, sprain, or amputation resulting from aworkplace accident or from an exposure involving an accident in the work environment.Occupational Illness any abnor
York University - ADMS - 2600
CHAPTER 13: EMPLOYEE RIGHTS AND DISCIPLINETHE THREE REGIMES OF EMPLOYEMENT LAW1. The Common Law of Employment the body of case law in which courts interpretemployment contracts, and the legal principles taken from those cases that guide theinterpretat
York University - ADMS - 2600
CHAPTER 14: THE DYNAMICS OF LABOUR RELATIONSGOVERNMENT REGULATION OF LABOUR RALATIONS: The industrial relations disputes and investigation act (1948) Canada Labour CodeLabour Relations Board Duties:- Administrating the statutory procedures for the ac
York University - ADMS - 2600
CHAPTER 15: INTERNATIONAL HUMAN RESOURCESMANAGEMENTInternational Corporation a domestic firm that uses its existing capabilities to moveinto overseas markets.Multinational Corporation (MNC) a firm with independent business units operatingin multiple
York University - ADMS - 1770
16 March 2012CHAPTER 14: ARGUMENTATIVE ARGUMENTAn Evaluative Critique: Includes both and evaluation of an argument prescribed, plusour own insights about the argument. There are 7 steps to consider in an evaluativecritique.1. Write an Overview of the
York University - ADMS - 1770
The Logical Structure of Arguments: Strong and Weak Arguments Acceptability and Burden of Proof Valid and Invalid Arguments Argument SchemesArgumentation Clarity:Meaning/semantics and structure/syntax of language is important in the production ofre
UCSD - IRPS - 423
Delta Normal Value at Risk CalculationsExample 1: -VaR of a Single Call Option PositionReplicating PortfolioVolatilityRiskless rate rConvenience yield qUnderlying asset price SExercise priceExpiry in years0.150.050.0212412420PriceDelta ()
UCSD - IRPS - 423
F ederalReserveModelParameters2009 -04 -202009 -04 -172009 -04 -162009 -04 -152009 -04 -142009 -04 -132009 -04 -092009 -04 -082009 -04 -072009 -04 -062009 -04 -032009 -04 -022009 -04 -012009 -03-312009 -03-302009 -03-272009 -03-262009 -0
UCSD - IRPS - 423
Midterm ExaminationMay 7, 2009Score boxDo not touch or moveProblem 1Problem 2Total000Please type your name here:GUIDELINES0. Verify that your file is on your desktop. Change the name of this file to lastname_firstname.Example: John Smith will
UCSD - IRPS - 423
Week OneThe Irrelevance andRelevance of RiskManagement!!Copyright Bruce N. Lehmann 2000-2011!The Motivation for RiskManagement Individuals, firms, and governments faceuncertain future outcomes Adverse outcomes can cause persistentproblems like
UCSD - IRPS - 423
Week TwoThe Basics of DerivativeAsset Valuation and Hedging!Copyright Bruce N. Lehmann 2000-2011!Goals Understand how derivatives are priced intheory Understand implications of pricing theoryfor hedging Understand role of imperfections in prici
UCSD - IRPS - 423
Week ThreeThe Basics of OptionsContractsCopyright Bruce N. Lehmann 2000-2006Goals 1. Understand the difference betweenforward and option contracts 2. Understand the payoff patterns ondifferent options and portfolios of options 3. Set bounds on op
UCSD - IRPS - 423
Week ThreeHedging Interest Rate Risk!Copyright Bruce N. Lehmann 2000-2011!Goals! Apply tools developed thus far to hedginginterest rate risk for a simple bank Show how to measure interest rate risk Show how the CBOT T-bond contract canbe used t
UCSD - IRPS - 423
Week FourHedging Interest Rate Riskfor Pension Funds!Copyright Bruce N. Lehmann 2000-2011!Goals Distinguish three components of interestrate risk+ Changes in their overall level+ Changes in the spread between short and longterm bond yields+ Ch
UCSD - IRPS - 423
Week FiveHedging Exchange Rate Risk!Copyright Bruce N. Lehmann 2000-2011!Goals Examine different types of fx risk Show how to use forwards to hedgetransactional and operational fx risk Explore regression methods and simplestructural models for i
UCSD - IRPS - 423
Week SixRisk Management,Managerial Incentives, andCapital Structure!Copyright Bruce N. Lehmann 2000-2011!Agency Costs and the DerivativesImplicit in Capital Structure Valuation of conventional derivatives takesthe value of the underlying asset a
UCSD - IRPS - 423
Week SevenThe Binomial Option PricingModel!Copyright Bruce N. Lehmann 2000-2011!Goals See how stock prices evolve if returnsfollow the binomial distribution Learn how to hedge options with thebinomial model Understand how to price options with
UCSD - IRPS - 423
Week EightThe Black-Scholes Model forOption Valuation!Copyright Bruce N. Lehmann 2000-2011!Goals! Know how to use the Black-Scholesformula to price options Understand the determinants of optionvalues in the Black-Scholes formula Understand how
UCSD - IRPS - 423
Week NineHedging and Options RiskManagement!Copyright Bruce N. Lehmann 2000-2011!Goals! Know how to use the Black-Scholesformula to price options Understand the determinants of optionvalues in the Black-Scholes formula Understand how to genera
UCSD - IRPS - 423
Week TenModern Risk Managementwith Options and Futures!Copyright Bruce N. Lehmann 2000-2011!The Potential Benefits of RiskManagement! Risk management can reduce the PV oftaxes, bankruptcy costs, and the costs offinancial distress Risk manageme
UCSD - IRPS - 423
Implicit borrowing in the Sumitomo copper manipulationBetween 1993 and 1996, Yasuo Hamanaka, a copper trader at Sumitomo, sought tomanipulate the world price of copper through trading on the London MetalsExchange. Although Sumitomo had a low borrowing
UCSD - IRPS - 423
Hedged loan portfolio performanceThis problem concerns the hedging of a simple bank. It has one year deposit liabilities that will roll over at a new rate in a year anda loan portfolio with an average maturity of 20 years. Hence, its balance sheet value
UCSD - IRPS - 423
Midterm ExaminationMay 7, 2009Score boxDo not touch or moveProblem 1Problem 2Total000Please type your name here:GUIDELINES0. Verify that your file is on your desktop. Change the name of this file to lastname_firstname.Example: John Smith will
UCSD - IRPS - 423
University of California, San DiegoSchool of International Relations and Pacific StudiesProfessor Bruce N. LehmannRisk ManagementOffice:Phone:E-mail:Class Hours:Office Hours:Spring 2011IRGN 4191415 Robinson Building534-0945blehmann@ucsd.edu8
UCSD - IRPS - 423
Example 1: Financing in theSumitomo Copper Scandal Background+ Sumitomo rogue copper trader Hamanakapurchased much of the physical supply ofcopper in LME warehouses from 1993-1996+ Copper prices in 1993 (time of first trades)- Spot price $1620- On
UCSD - IRPS - 423
Bond PricesBond CharacteristicsAnnual couponFace valueCoupon frequencyYears to maturityYield to maturityPriceInterim Calculations7.00%1002106.84%Coupon per periodPeriodsYield per period3.5200.0342$101.15Discussion questionsHow do pri
UCSD - IRPS - 423
Hedging Pension Fund LiabilitiesZero coupon bondsMaturity1EmployeeAgeYears toRetirementRetirementIncome5015100000Dateb12.36b22.9501-0.0017394Profit and loss next day ifTreasury Bond yields rise by:Yield CurveChange1.5Long BondYiel
UCSD - IRPS - 423
Covered Interest ParityForward Market HedgeCash flowSpot exchange rateDomestic interest rateForeign interest rate137.001.110.100.10Time to maturity3.00Forward price1.11Money Market HedgeInitial cash Cash flowflowat expiryCash flow0.001
UCSD - IRPS - 423
Equity as a call optionFace valueof debt50Debt and equity values at maturityValue at maturity of:FirmStockBond1100000001020304050607080010203040505050505050505050140905015010050De b t a n d e quit y va l ue s a
UCSD - IRPS - 423
The properties of binomial option pricing models with one to four time stepsVolatility per yearRiskless rate per yearUnderlying asset priceStrike priceExpiry in years0.150.0535401Number of stepsTime step lengthSquare root of time stepUp move
UCSD - IRPS - 423
Binomial option pricing models with many time stepsVolatility per yearRiskless rate per yearUnderlying asset priceStrike priceExpiry in yearsNumber of steps per year0.150.05354012000Up state values Down state values199919990.00050.00050.
UCSD - IRPS - 423
Binomial option pricing models with many time steps and the Black-Scholes modelVolatility per yearRiskless rate per yearUnderlying asset priceStrike priceExpiry in yearsd1N(d1)d2=d1-TN(d2)Black-Scholes price0.150.0535401-0.4818760.314947
UCSD - IRPS - 436
The United States and South KoreanDemocratizationJAMES FOWLERDuring 1979 and 1980, South Korea experienced a failed transitionto democracy. The Seoul Spring, which took place after the assassination ofauthoritarian leader Park Chung Hee in late 1979,
UCSD - IRPS - 436
Reflections on May 18Jong-Sung You1AbstractThe 1980 massacre of the people by the military junta led by then Major General ChunDoo-hwan was a tragic incident in Koreas history, but the response to the incident was acourageous and heroic uprising by t
UCSD - IRPS - 436
Inequality and Corruption: The Role of Land Reform inKorea, Taiwan, and the PhilippinesJong-Sung YouGraduate School of International Relations and Pacific StudiesUniversity of California, San Diegojsyou@ucsd.eduAbstractThe paper explores the causal
Texas A&M - MATH - 285
Math 285Homework # 1Due Sep. 7Texas A & M UniversityFall 2011Note: All gures must have titles and labels; line width must be 2.1. Let a = 20, b = 85 and c = 12. Compute the following two expressionsusing Matlab.a ) [3 points] (ab 3c)/(b a)b ) [2
Texas A&M - MATH - 285
Math 285Homework # 2Due Sep. 14Texas A & M UniversityFall 2011Note: All gures must have titles and labels.1. Download the le CarData2.xls from the lab webpage and import thedata to Matlab. The data is related to characteristics of various cars. In
Texas A&M - MATH - 285
Math 285Homework # 3Due Sep. 28Texas A & M UniversityFall 2011Note: All gures must have titles and labels.1. [5 points] Fit a polynomial of degree 12 to the data LAB3data.txt fromthe lab webpage. You may use the commands p = polyt(x,y,12); f = poly
Texas A&M - MATH - 285
Math 285Homework # 4Due Oct. 5Texas A & M UniversityFall 20111. Consider the following system of linear equations.5x + 4y + 3z + 3u = 112y + z u 4w = 13x z 4w = 104x + 5y 4w = 34x + 12y 4u 4w = 0a ) [5 points] Form the augmented matrix Mb ) [1
Texas A&M - MATH - 285
Math 285Homework # 5Due Oct. 19Texas A & M UniversityFall 20111. Consider the following system of linear equations. 5x + ay + 3z + 3u = 112y + z u 4w = 13x z bw = 104x + 5y 4w = 34x + cy 4u 4w = 0a ) [15 points] Using Matlab symbolic solver nd
Texas A&M - MATH - 285
Math 285Homework # 6Due Nov. 2Texas A & M UniversityFall 20111. [50 points] Use Matlab to solve the following nonlinear problem. Includea graph of the feasible region and the contours of the nonlinear objectivefunction.Perth Mining Company operates
Texas A&M - MATH - 285
Math 285Homework # 8Due Nov. 17Texas A & M UniversityFall 20111. (25 points) Write a short essay (< 300 words) about real-world applications of Markov Chains. Include a few specic examples.2. (20 points) What are absorbing Markov chains. Describe th
Texas A&M - MATH - 285
Math 285Lab 1 - WorksheetTexas A & M UniversityFall 2011Learning Objectives:1. How to use Matlab as a calculator; 2. Learn about variables and logic; 3.Learn about Matlab built in functions; 4. How to plot 2-dimensional graphs.To begin we must star
Texas A&M - MATH - 285
Math 285Lab 2 - WorksheetTexas A & M UniversityFall 2011Learning Objectives:1. Use Matlab to do data export, import, and stats; 2. How to sort datausing Matlab; 3. How to obtain a statistical visualization of data. 1. Data Import, Export and Stats
Texas A&M - MATH - 285
Math 285Lab 3 - WorksheetTexas A & M UniversityFall 2011Learning Objectives:1. Data interpolation and splines with Matlab2. Least Squares curve tting (Regression analysis)3. Data transformation before curve tting1. We begin with an example of spli
Texas A&M - MATH - 285
Math 285Lab 4 - WorksheetTexas A & M UniversityFall 2011Learning Objectives:1. Row operations on matrices2. MATLAB rref command3. Solving linear systems with Matlab1. We want to solve the following linear system using row operations. x + 4y + 3z