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In an open-book contract, the buyer and seller of work/services agree on (1) which costs are remunerable and (2) the margin that the supplier can add to these costs. The project is then invoiced to the customer based on the actual costs incurred plus the agreed margin.
In order to motivate employees to strive for change, open-book management focuses on a "Critical Number". The number is different for every company but it is a number that represents a prime indicator of profitability or break-even point. Discovering this Critical Number is a key component of creating an open-book company.
Open-book accounting (OBA) is a business practice which opens up an organisation's accounts to some or all of those with an interest in the organisation, including its employees and its shareholders (including those whose shareholding is managed indirectly, for example through a mutual fund) and supply chain. [1]
The technique applied then, is (1) to generate a large number of possible, but random, price paths for the underlying (or underlyings) via simulation, and (2) to then calculate the associated exercise value (i.e. "payoff") of the option for each path. (3) These payoffs are then averaged and (4) discounted to today.
Compared to other African nations, open access in South Africa has grown quickly in recent years. According to UNESCO , South Africa is a leading African country in terms of open access policies on the governmental level and grass-roots initiatives in universities and research organizations. [ 1 ]
In contrast, the Open Book Festival in Cape Town wants to be international with authors and audience from around the world. [5] It also sees itself as a place where South African writers can promote themselves. [5] The Open Book Festival was first launched in 2011. [5]
Xcas/Giac is an open-source project developed at the Joseph Fourier University of Grenoble since 2000. Written in C++, maintained by Bernard Parisse's et al. and available for Windows, Mac, Linux and many others platforms. It has a compatibility mode with Maple, Derive and MuPAD software and TI-89, TI-92 and Voyage 200 calculators.
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