UK building society diversification into estate agency 1987–1992: a case study of risk minimization and experimental strategies

1995 ◽  
Vol 3 (2) ◽  
pp. 89-111 ◽  
Author(s):  
John P. Dewhirst ◽  
Des Thwaites
Keyword(s):  
Risk Minimization ◽  
Building Society ◽  
Estate Agency ◽  
Experimental Strategies

Stochastic control for risk under deregulated electricity market — a case study using a new formulation

2005 ◽  
Vol 32 (4) ◽  
pp. 719-725 ◽  
Author(s):  
Joyce Li Zhang ◽  
K Ponnambalam
Keyword(s):  
Electricity Market ◽  
Explicit Method ◽  
State Variables ◽  
Risk Minimization ◽  
Solution Approach ◽  
Second Moments ◽  
Deregulated Electricity Market ◽  
New Formulation ◽  
Dual Dynamic Programming

This paper describes the implementation of a new solution approach — Fletcher-Ponnambalam model (FP) — for risk management in hydropower system under deregulated electricity market. The FP model is an explicit method developed for the first and second moments of the storage state distributions in terms of moments of the inflow distributions. This method provides statistical information on the nature of random behaviour of the system state variables without any discretization and hence suitable for multi-reservoir problems. Also avoiding a scenario-based optimization makes it computationally inexpensive, as there is little growth to the size of the original problem. In this paper, the price uncertainty was introduced into the FP model in addition to the inflow uncertainty. Lake Nipigon reservoir system is chosen as the case study and FP results are compared with the stochastic dual dynamic programming (SDDP). Our studies indicate that the method could achieve optimum operations, considering risk minimization as one of the objectives in optimization.Key words: reservoir operations, explicit method, uncertainty, stochastic programming, risk.

Quantifying the Campaign Performance: A Case Study

1990 ◽  
Vol 8 (6) ◽  
pp. 30-34 ◽  
Author(s):  
Tim J. Hughes
Keyword(s):  
Financial Services ◽  
Daily Basis ◽  
Direct Mail ◽  
Building Society ◽  
Sales Channels ◽  
Unique Position ◽  
Tv Advertising ◽  
Marketing Activities ◽  
Regional Branch

Financial services companies are in a unique position to measure the performance of their marketing activities. Marketing is still relatively new in this sector and marketers need to support their case with figures. A case study of how a Building Society sold an investment bond is given to demonstrate how sales can be measured through different channels. The sales channels were: branches, direct mail, newspaper advertising and telesales. Examples of pro formas are given to demonstrate what information can be gained with the benefit of forward planning. Some information may be needed on a daily basis while more detailed information may be weekly or monthly. Every method by which sales can be measured and attributed to advertising should be examined for every campaign. TV advertising is sometimes difficult to quantify. However, with a regional branch network often sales results can be judged, and an example of a method of calculating this is given.

Academic independence, freedom and ‘enlightenment’: The case of accounting research

2018 ◽  
Vol 24 (4) ◽  
pp. 591-609 ◽  
Author(s):  
Paul Barnes
Keyword(s):  
United Kingdom ◽  
Conflicts Of Interest ◽  
Public Funding ◽  
Policy Issue ◽  
The United States ◽  
Building Society ◽  
Accounting Research ◽  
The United Kingdom ◽  
Mutual Organization

This article examines the problem of academic freedom in a rather unlikely area: accounting and historical accounting research. It discusses some cases in the United States and the United Kingdom where accounting research led to controversy and tells the story of a PhD student (the author) sued for libel in 1986 for his research concerning a policy issue, the subject of public debate, and related to conflicts of interest for directors of a mutual organization (a building society) and their use of its funds. It shows how ‘managerial diversion’ was discovered, how the libel suit was successfully defended and how the law was changed. While academic independence issues have always existed and across disciplines, the case and discussion largely relate to the 1980s in the United Kingdom when universities suffered savage cutbacks in public funding and the imposition of ‘reforms’. The case study illustrates, and the article discusses these issues as they relate to the state of modern universities and the pressures on academics.

scholarly journals CO2 storage risk minimization through systematic identification and assessment of faults: a Williston Basin case study

2009 ◽  
Vol 1 (1) ◽  
pp. 2887-2894 ◽  
Author(s):  
Charles D. Gorecki ◽  
James A. Sorensen ◽  
Edward Steadman ◽  
John A. Harju
Keyword(s):  
Co2 Storage ◽  
Williston Basin ◽  
Risk Minimization ◽  
Systematic Identification
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