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Laffer states that he did not invent the concept, citing numerous antecedents, including the Muqaddimah by 14th-century Islamic scholar Ibn Khaldun, [7] [8] John Maynard Keynes [7] and Adam Smith. [9] Andrew Mellon, Secretary of the Treasury from 1921 to 1932, articulated a similar policy idea in 1924. [10]
Microsoft Desktop Optimization Pack (MDOP) is a suite of utilities for Microsoft Windows customers who have subscribed to Microsoft Software Assurance program. [1] It aims at bringing easier manageability and monitoring of enterprise desktops, emergency recovery, desktop virtualization and application virtualization.
Liquidity adjustment facility (LAF) is a monetary policy tool which allows banks to borrow money through repurchase agreements (repos) that is primarily used by the Reserve Bank of India (RBI). [ 1 ] The LAF is used to aid banks in adjusting the day to day mismatches in liquidity .
A simple arithmetic calculator was first included with Windows 1.0. [5]In Windows 3.0, a scientific mode was added, which included exponents and roots, logarithms, factorial-based functions, trigonometry (supports radian, degree and gradians angles), base conversions (2, 8, 10, 16), logic operations, statistical functions such as single variable statistics and linear regression.
Under the standard assumption of neoclassical economics that goods and services are continuously divisible, the marginal rates of substitution will be the same regardless of the direction of exchange, and will correspond to the slope of an indifference curve (more precisely, to the slope multiplied by −1) passing through the consumption bundle in question, at that point: mathematically, it ...
Relief is an algorithm developed by Kira and Rendell in 1992 that takes a filter-method approach to feature selection that is notably sensitive to feature interactions. [ 1 ] [ 2 ] It was originally designed for application to binary classification problems with discrete or numerical features.
EMSR stands for Expected Marginal Seat Revenue and is a very popular heuristic in Revenue Management. There are two versions: EMSRa [1] and EMSRb, [2] both of which were introduced by Peter Belobaba. Both methods are for n-class, static, single-resource problems.
In business and for engineering economics in both industrial engineering and civil engineering practice, the minimum acceptable rate of return, often abbreviated MARR, or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other projects. [1]