Search results
Results from the WOW.Com Content Network
Problems in need of solutions range from simple personal tasks (e.g. how to turn on an appliance) to complex issues in business and technical fields. The former is an example of simple problem solving (SPS) addressing one issue, whereas the latter is complex problem solving (CPS) with multiple interrelated obstacles. [1]
It has been shown that this way of charging interest is the root cause of the IRR's multiple solutions problem. [25] [26] If the model is modified so that, as is the case in real life, an externally supplied cost of borrowing (possibly varying over time) is charged on negative balances, the multiple solutions issue disappears.
Thus, complex hypotheses must predict data much better than do simple hypotheses before researchers reject the simple hypotheses. Recent advances employ information theory, a close cousin of likelihood, which uses Occam's razor in the same way. The choice of the "shortest tree" relative to a not-so-short tree under any optimality criterion ...
With simple interest, your interest rate payments are added into your monthly payments, but the interest doesn’t compound. For example, a five-year loan of $1,000 with simple interest of 5 ...
A Riemann problem, named after Bernhard Riemann, is a specific initial value problem composed of a conservation equation together with piecewise constant initial data which has a single discontinuity in the domain of interest. The Riemann problem is very useful for the understanding of equations like Euler conservation equations because all ...
Many variations of the problem have been explored, but most do not lead to a simple closed-form solution. Flexible retirement age can be taken into account. [5] A utility function other than CRRA can be used. Transaction costs can be introduced. For proportional transaction costs the problem was solved by Davis and Norman in 1990. [6]
Each exactly solvable problem is of interest for several reasons. It provides a test case for methods applicable to other problems. It can be used as a starting point for perturbation theory. Often it is simple enough to be included in textbooks on quantum mechanics.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!