Book Description
A good market study can make or break a development project. This new book will equip you with the tools you need to evaluate trends and understand the key factors affecting real estate markets. Using a step-by-step approach, the author shows you how to get started, where to get information, and how to apply it to multifamily, hotel, office, industrial, entertainment, mixed-use, and master-planned communities. Thirteen case studies written by top market analysts demonstrate how they implemented these methods and provide you with models to follow. Ideal for anyone new to real estate development
Customer Reviews:
A Thorough Reference.......2003-03-24
This book is written like a textbook - starting with the most basic concepts - but moves on to discuss the tools and techniques of market analysis in considerable detail. Separate sections deal with residential, office and industrial, retail, hotels and resorts, and mixed-use developments. Case studies are given for each type of property. Technologies and data sources to assist analysis are discussed.
The two primary authors are a real estate consultant and an author/director of the Urban Land Institute. Many other professionals are listed as having contributed to the case studies.
The book includes an appendix of data sources of use to market analysts, a glossary of real estate terms and a thorough index.
Average customer rating:
- Worth the buy!
- A book serves all your needs
- Full of information and errors
- A matchless guide
- Application Oriented
|
Design for Six Sigma : A Roadmap for Product Development
Kai Yang , and
Basem S. EI-Haik
Manufacturer: McGraw-Hill Professional
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Similar Items:
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Design for Six Sigma in Technology and Product Development
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The Design for Six Sigma Memory Jogger: Tools and Methods for Robust Processes and Products
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Design for Six Sigma for Service (Six SIGMA Operational Methods)
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Design for Six Sigma (Briefcase Books Series)
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Design for Six Sigma Statistics
ASIN: 0071412085 |
Book Description
Here's the book that clearly and logically answers the complex question quality managers and product developers face almost every day: WHICH PRODUCT DEVELOPMENT TOOLS SHOULD I USE AND WHEN?
This much-needed, well-written roadmap for robust, efficient product development features:
* All the coverage needed to implement six sigma in any manufacturing concern
* A complete review of both traditional and contemporary design methods
* Systems discussed include: DOE (Design Of Experiment), Taguchi Method, QFD (Quality Function Deployment), Axiomatic Design, and TRIZ (Theory for Inventive Problem-Solving)
* Practical examples to highlight important elements of each system
* A unique multi-systems approach to designing products, incorporating the traditional and contemporary methods discussed, detailing how and when to use them
* Valuable assistance when preparing for certification exams
Customer Reviews:
Worth the buy!.......2004-04-02
I have not found such a comprehensive book for design of six sigma. I started using this book for advanced experimental design and taguchi methods, but ended understanding the complete roadmap for design of six sigma. The systems approach allows an enthusiast reader to start anywhere, without having to spend time refering back to earlier chapters. The relatively newer trends as TRIZ and axiomatic design have also been nicely dealt with.
Overall, this is a very nice and easy read book, with excellent and well defined examples. A must for everyone who wants a quick refresher on the design principles of six sigma.
A book serves all your needs.......2004-04-02
This is an outstanding DFSS book for production development. It contains integrated information and some of which you could hardly find anywhere else, thus with one book in hand, you have all the tools to get to your destination. This is also a easy to read book providing the reader with a solid understanding- Concepts are clearly defined, real world examples/ case studies are fully described and the chapters are well organized. It can serve as a textbook for students/beginners and also can serve as a handbook for experienced engineers.
The title says it all- this is a roadmap for you to find the way correctly and easily. I am reading the book right now, and the book is really beneficial to me.
Full of information and errors.......2004-03-30
This is a book with a lot of information. Each chapter can be used as a starting point for a specific six sigma technique. However, this is the worst edited book I have ever read. You can hardly find one page without errors/typos.
A matchless guide.......2003-08-03
While the concept of six-sigma is a very popular one, it is not often that one can find such a comprehensive yet clearly-written volume devoted to the most important topics of six-sigma. A book that contains so much information and not just hot air is especially hard to find. Yang and El-Haik have successfully written one of the most impressive and useful reads I have ever encountered within this field. Especially intriguing and novel concept of TRIZ. A very worthwhile book, in any case.
Application Oriented.......2003-07-01
In recent times, there has been a lot of talk and hype about DFSS with very little substance thus far--until this one! I found the book an easy read, application oriented and a relatively prescritive approach to apply DFSS for products, processes and/or services. The sections on TRIZ and Axiomatic Design expose the opportunities largely untapped in the design world today. A must read book for organizations serious about Six Sigma--whether they are focused on delivering worldclass products and services to their customers or designing processes to run world class business operations--a thumbs up all the way!!
Book Description
Complex, challenging, and stimulating, this book addresses information system analysis and design;; it is full of information that shows the organizational process that a team of business and systems professionals use to develop and maintain computer-based information systems. It stresses the importance of responding to and anticipating problems through innovative uses of information technology.
The book provides an excellent foundation for systems development, then goes on to making the business case, analysis, design, implementation and maintenance.
For future systems analysts, or for those information technology that need a great resource for implementing new ideas and strategies for success.
Customer Reviews:
"Just the facts ma'am".......2007-09-12
This book is a difficult read. Most writers infuse something of a personality into their writing, even a textbook. I read a lot of books, mostly non-fiction (programming books, networking books) with some fiction thrown in here and there. The authors may know about the subject and clearly they do, but I found myself reading the text in a monitone voice and my eyes glazing over every couple of sentences. Thats because each sentence is just another fact, freeze dried and stuck next to another fact and eventually you get a very wordy paragraph. Add them all together and you get pages and pages of facts.
I felt like someone took a vacuum and sucked out all of the life out of the text. Seriously, I was tempted to look at the preface to see if the authors added the instructions to "just add water before reading". It really is that dry.
If that is your reading style, then this book is for you. I couldn't read more than a couple of pages before having to take a break.
Expect a textbook, not a real "how to" lesson.......2007-01-26
I used this book for an online course and I really felt like I was slogging through it. Obviously it's a textbook, but there are probably books out there that get to the point in fewer words. Most chapters are 30-50 pages long, and though some of the examples are helpful, overall the impact of the material is lost in paragraphs that never end. I would say if you aren't in a course that is using this text as a supplement, buy something else. The examples aren't good enough to give you a sense of database structure or systems diagrams without some real world comparison.
It's OK.......2006-03-03
The data itself is fine. It does explain the information in an understandable way.
Unfortunately, the font is tiny to make up for the large parts of information in the margins. Also, there is a slight shine to the paper itself which gives a glare when reading the text.
Extremely thorough treatment of Systems Analysis..........2005-07-13
This summer, I took a class in which we read this entire book. Yes, all 600+ pages of text (thankfully we weren't tested on the index). This HUGE book presents a very thorough treament of the Systems Development Life Cycle and the profession of Systems Analysis. From Project Planning to System Maintenance, hardly a detail gets shunned.
The book overall emphasizes the traditional SDLC, but weaves in some discussion of newer methodologies such as: Extreme Programming, Object Oriented design, CASE tools, and other agile methodologies. And if anyone wants to know what a Systems Analyst does day to day on the job, Appendix 1 spells it out pretty thoroughly. Anyone thinking of becoming a Systems Analyst should at least read this appendix, if not the entire book.
The book doesn't emphasize customer service to a great degree. As a working Systems Analyst, I find that customer service skills come in handy every single day. Appendix 1 does mention this skill, but not in an overly detailed manner. Information Systems in general deemphasizes the customer side of things ("User error!!!" still gets mockingly shouted across many help desks and support centers), which accounts for some of the problems that the industry as a whole faces (sometimes we're a little too easy to outsource). So a little more on the importance of customer service might have improved the book.
In the end, this book is a textbook. The going gets rough in many places as details pile upon details. But to understand some of the complexities of system development, a detailed approach probably represents the best way to go. So if you're looking for pleasure reading, look elsewhere. But if you want a detailed, granular, sometimes heady, complex treatment of the analysis side of Systems Development, this book offers more than you'll need for the traditional approach to the SDLC. Those looking for details on XP or OOP should look elsewhere.
Good S.A.D Book.......2005-05-13
I used this book to learn system analysis and design while taking graduate course. The book is well-written and the layout is pretty good. The authors broke down the information in such way you can understand easily. The book also has some exercises that help you practice what you learn. I kept the book and plan to use it a reference. I will recommend it if you are serious about learning System Analysis and Design.
Average customer rating:
- Has history been tampered with?
- Calculations are only as good as your numbers
- Pants on fire?
- Accepted History & Chronology Must Be Changed.
- Very Interesting
|
History: Fiction or Science? (Chronology, No. 1)
Anatoly Fomenko
Manufacturer: Mithec
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Binding: Paperback
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Similar Items:
-
History: Fiction or Science? Chronology 2 (Chronology)
-
History: Fiction or Science? Astronomical methods as applied to chronology. Ptolemy's Almagest. Chronology III
-
Discovering the Mysteries of Ancient America: Lost History And Legends, Unearthed And Explored
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Before the Pharaohs: Egypt's Mysterious Prehistory
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They Cast No Shadows: A Collection of Essays on the Illuminati, Revisionist History, and Suppressed Technologies
ASIN: 2913621058 |
Book Description
Recorded history is a finely-woven magic fabric of intricate lies about events predating the sixteenth century. There is not a single piece of evidence that can be reliably and independently traced back earlier than the eleventh century. This book details events that are substantiated by hard facts and logic, and validated by new astronomical research and statistical analysis of ancient sources.
Customer Reviews:
Has history been tampered with?.......2007-10-23
Watch Video Here: http://www.amazon.com/review/RAZQNMXM4M9CL Has history been tampered with? Yes, it has! Did events and eras such as the crucifixion of Jesus Christ, the Roman Empire , the Dark Ages, and the Renaissance, actually occur within a very different chronology from what we've been told? Yes, they certainly did!
The history of humankind is both drastically shorter and dramatically different than generally presumed.
Why is it so? On one hand, it was usual custom to justify the claims to title and land by age and ancestry, and on the other the court historians knew only too well how to please their masters. The so called universal classic world history is a pack of intricate lies for all events prior to the 16th century. World history as we learn it today was entirely fabricated in the 16th-18th centuries. It's likely that nobody told you before, but
there is not a single piece of firm written evidence or artefact that is reliably and independently dated prior to the 11th century.
Naturally, after what you've learned in school and university, you will not easily believe that the classical history of ancient Rome, Greece, Asia, Egypt, China, Japan, India, etc., is manifestly false.
You will point accusing finger to the pyramids in Egypt, to the Coliseum in Rome and Great Wall of China etc., and claim, aren't they really ancient, thousands of years ancient? Well, there is no valid scientific proof that they are older than 1000 years!
The oldest original written document that can be reliably dated belongs to the 11th century!
New research asserts that Homo sapiens invented writing (including hieroglyphics) only 1000 years ago. Once invented, writing skills were immediately and irreversibly put to the use of ruling powers and science.
The consensual chronology we live with was essentially crafted in the 16th century by the Jesuits.
The world history was compiled from contradictory mix of innumerable copies of ancient Latin and Greek manuscripts and other irrefutable proofs delivered by late mediaeval astronomers that were cemented by the authority of writings of the Church Fathers.
Early in life, we learn about ancient history. Children love the magical lessons of history - they are like fairy tales. Teachers recite breathtaking stories; very soon We learn by heart the names and deeds of brave warriors, wise philosophers, fabulous pharaohs, cunning high priests and greedy scribes.
We learn of gigantic pyramids and sinister castles, kings and queens, dukes and barons, powerful heroes and beautiful ladies, emaciated saints and low-life traitors.
Ancient history is based documents, manuscripts, printed books, paintings, monuments and artefacts - called primary sources.
The problem is that neither these ancient documents, nor events described therein can be irrefutably dated, moreover they contradict each other for the most part.
When a school textbook tells us that Genghis Khan in year X or Alexander in year Y, have each conquered half of the world, it means only that it is so said in some of the written sources.
There are no answers to simple questions:
When were these primary sources written?
Where and by whom were these sources found?
It is wrongly presumed that ancient and medieval chronicles, written by Genghis Khan's or Alexander the Great contemporaries and eyewitnesses, are readily available. Actually, only sources written hundreds or even thousands of years after the events are there, compiled mostly in the 16th 18th centuries, or even later.
As a rule, these sources suffered considerable multiple manipulations, falsifications and distortions by editing. At the same time,
innumerable originals of ancient documents under various pretexts were destroyed in Europe under various pretexts.
The names of persons and geographical sites often changed meaning and location during the course of the centuries.
Geographical locations became clearly defined on maps only with the advent of printing.
This made possible the circulation of identical copies of the same map for purposes of the military, navigation, education and governance tasks.
Historians from Oxford say: "hey, everybody knows that Julius Caesar lived in the first century B.C.
`Julius Caesar' statement is only a point of view as
there is simply no irrefutable documentary proof that Julius Caesar or any other great name of antiquity ever existed.
Better than that - extremely rare sources that can be reliably dated back to the 10th-14th centuries A D, do not show the polished picture of classical history.
They show a picture both contradictory and confusing.
All methods of dating of ancient sources and artefacts are erroneous:
Radio-carbon C14 method produces dating with exactitude of plus minus 1500 years, therefore it is too crude for dating of events in historical timeframe!
The Almagest tractate, which lies as corner stone contemporary chronology, compiled in the 2nd century A D by Ptolemy, the founding father of astronomy, contains astronomical data of 9th to 16th century!
The Bronze Age,that has supposedly began 5000 years ago. Bronze is made of 90% copper and 10% tin, but the technology for tin extraction dates back to 14th century A D!.
All eclipses contained in manuscripts, like Thucydides one, relating 'ancient' events have exclusively medieval dating. All horoscopes cut in stone or painted in Egyptian temples, like Dendera have exclusively early medieval dating solutions.
Not quite what you have learned in school? Open your eyes, and, you will find sufficient proof to reach step by step the inevitable conclusion that the classical chronology is false and therefore, that the history of ancient and medieval world universally accepted today, is also false. Have a fresh outlook on everything said or printed about "ancient" and "enigmatic" Roman, Greek and Egyptian, medieval as well as all other "lost and found" civilizations.
Antiquity and Dark Ages are phantoms invented in the 16th 18th and polished in 19th 20thcenturies. Human civilization is in fact barely 1000 years old!
This book will change your perception of History forever!
What if Ancient Rome, Greece and Egypt were invented during Renaissance?
What if The Old Testament was a rendition of events of the Middle Ages?
What if Jesus Christ was born in 1053 and crucified in 1086 AD?
Sounds Unbelievable?
Not after you've read "History: Fiction or Science?" by Anatoly Fomenko, the genius mathematician.
Armed with astronomy and computers Anatoly Fomenko turns History into a rocket science.
Calculations are only as good as your numbers.......2007-08-03
Yes, we can all agree that mainstream history is nearly 100% BS due to politics, economics, ego, problems with dating techniques, and various conspiracies. Agreed. But, I've been researching the distinct possibility that human history (in terms of civilizations) are much more ancient than we've been told, so coming across this book was very interesting to me. I wondered how Fomenko could be wrong (if at all) because he is very persuasive in his presentations. Then it dawned on me. If at previous times in prehistory, due to the various catastrophies that are well documented (comets, asteroids, planetary disruptions, plasma discharge, pole reversals, etc) the Earth was in a different position in relation to the sun, different tilt on its axis, different orbit, different rotation (in terms of velocity and DIRECTION), and the continents were in different positions, then would this not cause the ancients to see the sky (constellations) differently? In other words, is Fomenko making erronious assumptions about the physics of the Earth in pre-history, which then corrupt his data with regards to dating the relevant astrology? The last event to seriously disrupt our planet occured roughly 3500 years ago, according to other good researchers, so is it possible Fomenko has been confused by this? The vastly different physics of our planet in the not so distant past may explain this confusion, which is not to say the "mainstream" version of history is correct; on the contrary. I am not an expert in these fields, but wanted to see if this idea could spark discussion.
Pants on fire?.......2007-07-19
Will people ever read before spamming? Yes, Jesuits could not rewrite world history alone, they had help. Anyway, Dr Prof Acad A.Fomenko does not point to jesuits as the driving force of world wide history manipulation in published volumes 1,2,3;, actually he barely mentions the poor devils. Check it with 'Search inside' feature, please. China is rarely mentioned either, in fact, Dr Fomenko is completely eurocentric. Right, his theory contradicts all mainstream schools of history, because in their actual state they are all built on blatantly erroneus chronology. You don't need a mysterious cabal (conspiracy) to falsify history, the falsification is its modus operandi. It is inherent to history(ians) to falsify (distort) events, as it is inherent to humans to boast as it is inherent to power (authority) to legimize itself by referrring to glorious past made to its own order. Dr Prof Fomenko and team have identified scores of instances of such manipulation in Russian, European, etc.. history, and delivered valid statistical proof thereof. His own 'reconstruction' is completely another story. Forget c14 as a valid method of dating. W.Libby has initially discovered a brilliant method of INDEPENDENT dating. Too bad, c14 method has become a joke after a forced marrige with dendrochronology with consensual chronological scale inbuilt. Radiocarbon method can't stand blind tests, but is so very productive as a rubberstamp.
Accepted History & Chronology Must Be Changed. .......2007-04-09
There is no doubt that history as most know it is a sham, & institution's version of History both University & Church is fradulent & inaccurate. Everything was established with an agenda, The real "Dark Ages" are now when we have access to incredible amounts of information past authorities & more important 'common folk' didn't have but our institutions & educators are slow to evolve because of what has ignorantly & arrogantly been taught for too long. This is on many subjects not just Chronology.
For anyone to question "Why would a Mathematician have anything credible to say of History?" The answer is from Dr. Fomenko's preface in the book: "It would be worthwhile to remind the reader that in the XVI-XVII century Chronology was considered to be a subdivision of Mathematics." These volumes could possibly be some of the most important works to date & should be read by everyone with an interest in History, especially professors & educators who have a duty to the public. I have read both books & must say that 'Chronology 1' has some very eye opening & revolutionary information. Even if these volumes are part true the implications are profound & opens the doors to further investigations & questions which must be done. I speak several different lanquages & must say the logic Dr. Fomenko uses with "inflection" of words & words being read from left to right in one region & right to left in another then written backwards, the removal of vowels & get down to basics of words, or different cities & locations having the same name etc. is correct. Vowel usage has always been optional & varied, actually complicating linquistics & study. The first thing one has to understand is that words never had a fixed spelling in history like we do now, the spelling of words was mutable & regional, as well as names & titles of people were vast, varied & changed, NOTHING WAS FIXED or understood linear. Matters of Life & Death as well as financial profiteering yesterday & today were & are made with ignorant, illogical & conspiratorial views of history & reality, it's time people get closer to the Truth & society collectively grow up.
Very Interesting.......2007-03-07
It is a good proposal and I believe it will mature into something even better in the future. I think it deserves to be read.
Book Description
Pro InfoPath 2007 is an excellent book for developers trying to learn the scope and range of application forms that can be built with Microsoft Office InfoPath 2007. InfoPath is now in its 2nd generation and it enables the creation of rich desktop and web forms using XML technologies and allows gathering of structured, business-critical information. Together with Microsoft Windows SharePoint Server 2007, InfoPath allows built-in integration with back-end processes, databases, and work flow, and provides developers with rich tools to build enterprise-wide forms solutions.
During the development and stabilization phase of InfoPath 2007, Philo worked closely with the product team to testfeatures, provide feedback on scenarios, and to build and apply solutions for the government and public sector. He haspoured all that experience in an engaging manner into this book--a great read for every developer trying to learnInfoPath.
— Kamaljit Bath, Principal Program Manager Lead, Microsoft Office InfoPath and Forms Services
InfoPath enables users to design forms and publish them for use by other users. It combines the ease of use of Access forms with the enterprise scalability of a network-based platform. Microsoft's goal with InfoPath is to get form design and maintenance out of the IT shop and onto the desktop, while maintaining the power of connecting to web services or a SQL Server. Since InfoPath is wholly XML-based, it is easy to introduce it into a heterogeneous enterprise environment -- via web services InfoPath can act as the interface for any back end system. InfoPath 2007, coupled with Microsoft Office SharePoint Server, adds the ability to deploy InfoPath forms in a web browser with no client side application. SharePoint and Office 2007 have leveraged InfoPath in many other ways -- making InfoPath forms part of the workflow engine embedded in SharePoint, and using InfoPath forms to capture and maintain arbitrary metadata in Office documents.
Pro InfoPath 2007 was written so that developers can read it as an introduction to InfoPath 2007, as well as use it as a reference for common tasks. Targeted at developers, power users should also find a lot of value in this book to learn how to design and use forms in InfoPath.
This book will show form designers how to:
- Use InfoPath to fill in electronic forms
- Design and publish forms
- Connect to data sources to read and publish data
- Design and leverage the power of InfoPath views
- Work with SharePoint form libraries to get the most out of InfoPath form data
- Import existing Word and Excel forms into InfoPath
- Create workflows with SharePoint Designer
- Work with digital signatures
In addition, developers will learn how to:
- Create an InfoPath form template based on a data connection or web service
- Publish InfoPath form templates as content types
- Create custom task panes for InfoPath forms
- Understand SharePoint information management policies
- Write .Net code behind InfoPath forms and browser forms
- Create an add-in to extend the capabilities of InfoPath
- Create a custom workflow for SharePoint, embedding InfoPath forms for gathering information
- Build a .Net web service that InfoPath can connect to
- Use Altova's XMLSpy to work with InfoPath form templates
Customer Reviews:
"Pro InfoPath 2007" useful for technical and business people alike.......2007-09-09
There are all too many technical books that are heavy on theory and light on "how to", or start out in an introductory fashion and then suddenly venture into highly technical territory without including the necessary background information needed to understand the content.
In "Pro InfoPath 2007", Philo Janus neatly avoids these pitfalls. Since he's writing about a product with whom most readers may not be familiar, he first answers the vital question, "What IS InfoPath?" with a comprehensive introduction to the product. Then Janus carefully outlines the capabilities of InfoPath and walks the reader through the steps necessary to create InfoPath forms in all kinds of environments; how to meet business needs in a myriad of situations; and most importantly, includes possible issues and limitations that one might encounter when using InfoPath and provides the necessary workarounds.
My own company has InfoPath installed but despite an enterprise-wide need for exactly what InfoPath does, is resistant to its use because of a fundamental lack of understanding of the software and how to best deploy it. A read of this book would convince them that they have a good product sitting on the shelf that would meet their needs and interface neatly with Sharepoint and other applications already in use.
Thumbs up to Philo Janus for a job well done.
Again a lot of sales hype.......2007-09-07
Microsoft writes a lot of sales hype about how terrific a product is but rarely explains what a product can and cant do. After days of asking I have yet to find out what Infopath exactly does and what it is capable of. We have documents in our office. It would be a blessing if people could go to our website fill out a form and then email the data to us so that we could then merge that data into a word document. Simply recieve an email in outlook after a client has input data on our website and then merge the data into word.
It looks as if Infopath might do that function but most people have never even heard of the product although it has existed since 2003.
After days on the internet I have yet to discover if this product can do that or exactly what product could do that. Infopath is not a popular product because of just that reason it is a mystery full of mis-information. Why is it we have to buy a book or buy a product to determine whether or not we need it??? I wish that the author (and Micro soft) would explain exactly what Infopath does and what we would be taught. I wont buy the product or read the book if you cant determine what I am about to learn, what it offers or why I need it.
A Jump Start to Building InfoPath Solutions!.......2007-08-06
This tiny book, in comparison with other technical manuals, is a fantastic way to get up to speed with InfoPath in a very short time. I'd never had the opportunity to work with InfoPath before, until my company decided to implement MOSS 2007 with InfoPath Forms services. I bought this book and in a few short days we were churning out InfoPath business solutions.
This book is an easy weekend read and then you are ready to go!
Really good book. A+++++++++++.......2007-07-30
This book is just great. Good coverage in around 300 pages. I totally dislike huge development books that just harp around. This book covers all the necessary topics with examples... A++++++++++++++++ for Philo Janus
This is a great book........2007-04-27
If you are doign anything with InfoPath 2007 then get this book!!! This book is an easy and informative read. The author even tries to make it his goal that this can be a weekend read. Not like your typical mind numbing rehash of the tech manuals. Philo not only describes what InfoPath 2007 is but gives real example that you can take into work.
Average customer rating:
- a really good book on a subject that can be boring
- Practical Methods for Administering Quality Systems
- Practical Methods for Administering Quality Systems
- Good all around Quality Engineering handbook.
|
Quality Planning and Analysis: From Product Development through Use
Frank M. Gryna
Manufacturer: McGraw-Hill Science/Engineering/Math
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Book Description
* As one of the most trusted resources for learning about quality control principles and techniques, this readable and not-too technical treatment makes for a classic must-have
* Comprehensive coverage of all areas contributing to quality including understanding customer needs, product development, supplier relations, marketing, and more
* Includes the six sigma strategy for quality improvement
Customer Reviews:
a really good book on a subject that can be boring.......2006-02-21
Because of work, I have had to read a lot of books on this topic... most of them are dry-textbook reads that you have to slog through. This one was well written - the text was easy to read - the diagrams and examples were interesting, and I found myself gaining new insights because I was actually reading the text instead of skimming it. Mr. Gryna clearly has the years of experience needed to write this kind of book, but he also has the teaching style of one of your favorite teachers.
Practical Methods for Administering Quality Systems.......2000-06-11
20 years before anyone in the US heard of ISO 9000, Juran proposed the same ideas. He described comprehensive, documented quality management systems that were backed up by performance metrics and quality audits. Juran also pioneered quality circles and teams long before these ideas became cliche.
I find Juran immensely useful in my quality practice. This book remains one the standard works that I keep going back to. Juran's concepts are much more "applied" than "theoretical". Deming's works seem so distant, and esoteric. Juran has been there, done that. And, his methods work!
Practical Methods for Administering Quality Systems.......2000-06-11
20 years before anyone in the US heard of ISO 9000, Juran proposed the same ideas. He described comprehensive, documented quality management systems that were backed up by performance metrics and quality audits. Juran also pioneered quality circles and teams long before these ideas became cliche.
I find Juran immensely useful in my quality practice. This book remains one the standard works that I keep going back to. Juran's concepts are much more "applied" than "theoretical". Deming's works seem so distant, and esoteric. Juran has been there, done that. And, his methods work!
Good all around Quality Engineering handbook........1999-08-17
This book presents most aspects of Quality Engineering in an easy to understand format. Includes many Quality Engineering examples. Highly informative, a must for the CQE exam.
Average customer rating:
- A good book for the designer of energy risk managment tools
- Not for the average industry professional
- Good overview
- Excellent subject treatment
- excellent book
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Energy and Power Risk Management: New Developments in Modeling, Pricing and Hedging
Alexander Eydeland , and
Krzysztof Wolyniec
Manufacturer: Wiley
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Similar Items:
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Commodities and Commodity Derivatives: Modelling and Pricing for Agriculturals, Metals and Energy
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Energy Risk: Valuing and Managing Energy Derivatives
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Trading Natural Gas: A Nontechnical Guide
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ASIN: 0471104000 |
Book Description
Praise for Energy and Power Risk Management
"Energy and Power Risk Management identifies and addresses the key issues in the development of the turbulent energy industry and the challenges it poses to market players. An insightful and far-reaching book written by two renowned professionals."
-Helyette Géman, Professor of Finance
University Paris Dauphine and ESSEC
"The most up-to-date and comprehensive book on managing energy price risk in the natural gas and power markets. An absolute imperative for energy traders and energy risk management professionals."
-Vincent Kaminski, Managing Director
Citadel Investment Group LLC
"Eydeland and Wolyniec's work does an excellent job of outlining the methods needed to measure and manage risk in the volatile energy market."
-Gerald G. Fleming, Vice President, Head of East Power Trading, TXU Energy Trading
"This book combines academic rigor with real-world practicality. It is a must-read for anyone in energy risk management or asset valuation."
-Ron Erd, Senior Vice President
American Electric Power
Customer Reviews:
A good book for the designer of energy risk managment tools.......2005-09-29
If you develop computer code in this field it could be a help, but if you are more interested in knowing more about the ways to avoid risk in the energy business I would recommend another book. There are also not enough practical examples to give a good understanding of the principles.
Dynamic hedging is not explained to the extent wanted. The examples are also not very clear.
Not for the average industry professional.......2004-08-20
The authors have written a very detailed, well structured text on the different models and developments in the power and fuel markets. It's a very complex, mathematical analysis of the different techniques being used, and the text may lose a number of readers in the overly rigorous formulations. For those involved in risk management, market modeling, or asset management, the book would be a good secondary or tertiary read after you've established a sound understanding of stochastic models and current hedging and pricing techniques in the marketplace. For the layman in the industry, the book will be far too heavy and not worth the read.
Good overview.......2004-06-07
The management of risk in the context of energy or weather is quite different than in other contexts, due to the peculiarities of the data that occurs in energy prices. The high volatility of energy prices can range, as the authors of this book point out, between 50-100% for gas, to 100-500% for electricity. No doubt this kind of volatility, and other properties such as correlations and mean reversion, entails that some different mathematical strategies for modeling energy derivatives be devised. The authors give a good tour of some of these strategies, and anyone interested in energy derivatives will gain a lot of insight into their modeling when reading this book. Due to space constraints, only chapters 5 and 7, which this reviewer considered the most important of the book, will be reviewed here.
In chapter 5 the author presents techniques for energy modeling that go beyond the used of the convenience yield by using forward pricing techniques. The goal is to describe the dynamics of future contract prices that takes into account the correlations with other futures, and not on the price evolution of a single contract. Thus it is the `forward curve' that is relevant for obtaining a useable model for derivative cash flow. The HJM model is presented as one of these, with changes in the forward curve over a particular time interval represented as a linear combination of random perturbations. For energy markets, each perturbation is specified by a deterministic shape function multiplied by a Gaussian factor. The unobservability of the factors determining the forward curve evolution makes the use of historical data mandatory if the parameters are to be estimated. But lack of sufficient historical data and its nonstationarity complicate this estimation. The authors discuss the Schwartz-Smith multi-factor model as an example of a forward curve dynamics model and give some solutions. They then move on to a model that specifies the dynamics for only the contracts that are actually traded, which in the literature are called `market models.' The model they actually discuss is a multivariate geometric Brownian motion representation of the forward curve dynamics, where the volatility and drift functions are linear functions of the forward prices. The authors then derive the `discrete string models', where it is assumed that the number of factors is equal to the number of contracts, and the random factors are governed by ordinary Brownian motion. String models are represented as having the advantage of being able to directly observe the factors in the historical data. The authors apply string models to multi-commodity cases, and discuss an example for monthly forward prices. They show how to match the current forward curve, the option prices, and the correlation structure for this model.
The discussion in chapter 7 revolves around finding better models for the dynamics of power prices that capture the special properties of energy prices, such as mean reversion and seasonality, and the need for stable models. They therefore introduce `hybrid models', which they claim give a more natural representation of the dynamics of power prices, make use of nonprice forward-looking information, and can take the historical data on power prices and then extend it to information on fuel prices, outages, etc. The construction of these models is based on the use of nonlinear transformations on a collection of random variables. The random variables are essentially the system demand, natural gas and oil price, outages, emission prices, and weather at a particular time. The power price then can be written as a function of the dynamics of these factors, the latter written by the authors in terms of the corresponding tradables. Recognizing that hedging cannot be done on some of these factors, they adjust the power price formula so that the power tradables, i.e. the forwards and option prices, are exactly matched. This matching transformation is chosen so that if the forward contracts and options are priced using the adjusted formula, one recovers the exact current prices. The model, as the authors summarize it, is an attempt to explain the behavior of the tradables in terms of the evolution of the underlying factors and static adjustments to the terminal probability distribution. Historical information on the tradables and spot products is not used to calibrate the model, but it is used to validate the model. The authors distinguish between `reduced-form' hybrid models, where the transformation is calibrated from the historical prices, and `fundamental' hybrid models, where the transformation is calibrated from the market structure and is only tested on the historical prices. The authors discuss an example of a reduced-form hybrid model that is heavily parametrized, but has the advantage of using price data more efficiently. The rest of the chapter concentrates on fundamental hybrid models, with the author first discussing how power prices are formed in competitive markets. They consider a typical pool market, with the price determined via auction mechanisms. The authors then try to identify and characterize the underlying random variables that actually affect power prices. The time series for the price of power is written in terms of the demand using a `bid stack' function. The bid stack function is approximated by a `generation stack' that is found for a given time by sorting generation units by their generation costs. This approximation is checked by comparing the marginal generation costs generated by the generation stack with the distribution of power prices determined by the time series via the bid stack. There should be agreement in both approaches between the higher order moments. This comparison forms the basis of the authors' hybrid approach to modeling power prices. A transformation is found which relates the marginal generation costs to the distribution of power prices with the requirement that the prices of market instruments used for calibration are matched, and the higher moments are (approximately) preserved. The transformation is not unique, and in fact a family of transformations induced by the multiplication and stack scaling operators can be found.
Excellent subject treatment.......2004-05-06
Until now there were a handful of papers, precious few books, and mostly inside proprietary models and experience that dealt with the complex subject of power trading and all its flavors. This book provides a nice summary of many of the present issues. The treatment of the subject is somewhat mathematically rigorous, so the book might not be for traders as much as it is for quants or risk managers.
To me, the greatest strength of the book lies in its fairly detailed analysis of what DOESN'T work, i.e. why common models and methods from the financial and other commodity realms can not be successfully grafted onto the energy market without risking significant valuation and cash flow prediction errors. The hybrid model they formulate towards the end of the book is very similar to Skantze and Ilic (2001). The departure from most previous models is that they attempt to use the markets to formulate and calibrate the structure instead of relying too much on past historical price/load data, which without some empirical understanding of the underlying processes, is fraught with danger due to rapidly evolving nature of the power market (or at least once rapidly evolving--it seems to be a little static at the moment).
Some familiarity with the market and stochastic/statistical mathematics is assumed. References to specific topics and more in depth analysis of particular subjects are good. The authors have a grip on real-world trading, risk, and cashflow issues, which makes this a useful reference for just about anyone associated with those aspects of the power market. I recommend it.
excellent book.......2003-03-18
Extremely well written and right to the point, with the appropriate level of technical detail, Eydeland and Wolyniec's Energy and Power Risk Management is arguably the best book on the subject. A must have for every professional in the industry.
Customer Reviews:
Competitors...Beware!.......2007-08-16
Whether a branding consultant, senior line manager or strategic planner, (the Bensoussan/Fleisher book) "Business and Competitive Analysis" provides a multitude of analytical techniques that can help one think about, build and successfully drive implementation of a winning operating roadmap. For example, with `hard' assets...e.g. buildings, plant and equipment...almost `nil' vs. that of their manufacturing counterparts, predominantly service-providing firms such as banks, insurers and investment firms might find Chapter 17 - Corporate Reputation Analysis - to be of particular value for managing "this", arguably their MOST important asset [as "reputation", NOT customers, is what usually "belongs" to a firm]. Babette and Craig...Thank you for sharing this important toolkit with us. With it, we certainly cannot say "but I did not know".
- Kevin McClair, Financial Services Industry Veteran and Wharton MBA
Customer Reviews:
Not the most useful, but comprehensive........2007-09-09
This book by Anthony Boardman et al. is a heavy read. It is not a book you would want to read from A to Z in order to understand Cost-Benefit Analysis or CBA, but it is one of the better reference books I have found. The only downside I found was a very theoretical approach and lack of really useful examples. Nevertheless, not one element of CBA seems to be left untouched. This book is a valuable reference to anyone relying on CBA as a decision-making tool, because it will assist you in understanding what it is that you are analyzing when applying CBA.
Wonderful.......2007-02-22
I have received in the data they promised me, very quick, even I received it early in the morning!!!!!!!
Even the prof had a difficult time getting through it.......2006-12-31
I had to buy this book for a class I took on Cost-benefit analysis (which is probably why you're thinking of buying it, too). The contents of my review won't have much influence on your choice to purchase it, as that decision has already been made by your prof. But I think I owe you a few warnings.
Some of the chapters are well-written (the chapters on discounting and compounding and time value), but most of them are confusing (the chapters on option value and the section about the optimal growth discount model). Even our professor, who has a BA in econ from Yale and a PhD in econ from Berkeley, had trouble getting through these sections. Some of the homework problems at the ends of the chapters ask about material that the text never fully explains. In a few instances, the book reminds you why you hate integral calculus.
So although I can't stop you from buying this, I can at least warn you that your trip through its pages will be nothing like a trip through the beautiful mountains on the cover. Unless you were planning on climbing the mountains. In January. Without GPS or crampons.
Straightforward.......2003-01-25
The authors have put approached this topic in a step by step way. It explains important background topics as well. I bought this book for a class, so I really didn't have much choice in the matter. I expect that most buyers will do so for the same reason. To them, I say "don't worry about it," this won't hurt as much as you think." If you are considering this for pleasure reading, well, don't let me stop you.
Complete, Comprehensive, but lengthy.......2003-01-17
Probably one of the few only books available that talks about CBA. Lacks in real life examples, otherwise a good read for grasping basic concepts and tools.
Book Description
For over fifteen years, New York Times bestselling author Harry S. Dent, Jr., has been uncannily accurate in predicting the financial future. In his three previous works, Dent predicted the financial recession of the early nineties, the economic expansion of the mid-nineties, and the financial free-for-all of 1998-2000.
The Next Great Bubble Boom -- part crystal ball, part financial planner -- offers a comprehensive forecast for the next two decades, showing new models for predicting the future behavior of the economy, inflation, large- and small-cap stocks, bonds, key sectors, and so on. In taking a look at past booms and busts, Dent compares our current state to that of the crash of 1920-21, and the years ahead of us to the Roaring Twenties. Dent gives advice on everything from investment strategies to real estate cycles, and shows not only how bright our future will be but how best to profit from it.
Dent gives us all something to look forward to, including:
- The Dow hitting 40,000 by the end of the decade
- The Nasdaq advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009
- Another strong advance in stocks in 2005, with a significant correction into around September/October 2006
- The Great Boom resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010
Dent's amazing ability to track and forecast our financial future is renowned, and here he takes that ability to the next level, showing not only what our economy will look like but also how it will affect us as individuals, as organizations, and as a culture. From the upcoming wealth revolution to the essential principles of entrepreneurial success, the book describes a new society where economic and philanthropic development go hand in hand.
In The Next Great Bubble Boom, Dent shows not only how the economic growth of the late 1990s was a prelude to the true great boom right around the corner but how all of us can reap its benefits.
Customer Reviews:
Next Great Bubble Boom, Revised Again.......2007-09-03
Hindsight tells us a lot of things. For the Next Great Bubble Boom, hindsight shows that Harry Dent's analysis of a 40,000 Dow and 20,000 Nasdaq are just as fanciful now as they were when he made the predictions in 2004. His latest revisions, which came out last year, show he has cut his original estimate in half, and that the predicted outcomes are much more within reason. The difficulty with accepting his predictions now is that the past ones ended so dismally. The seductive part of Dent's analysis is that it squares with historical and demographical cycles. The ridiculous part is the extrapolation into predictive behavior. It you want some really wild stuff, just look at what he says will happen from 2023 on. If anybody made any investment decisions based on this book, they're about due for a thorough reality check. His most powerful cycle, the 10-year cycle, seems the most likely one to come true. But the difficulty with predicting what will happen in each 10 year cycle is that Dent bases it strictly on stock market past behavior. And whenever that prediction fails, Dent finds some new cycle to explain his error. His latest cycle, the geopolitical cycle, supposedly explains the failure of the markets to rise in 2004-2005. What he failed to recognize early on was the impact of commodities, hedge funds, and Fed interest rate policy. Whenever the Fed raises rates, the stock market goes numb, because large institutional investors stay away. This time around, those investors put their billions into hedge funds, to get the promise of 40%+ returns. That alone explains the 2004-2005 doldrums. Add the spectacular housing boom/bust and you see why Dent's predictions went south. Now that the Fed has stopped raising rates and is apparently going to drop them, some of what Dent predicted still could come time. But notice that the title for the short book now says 2006-2010 rather than 2005-2010. The revisions just keep coming. I can't wait for the next one.
Is Dent Such A Big Liar or Just that Stupid?.......2007-06-26
I really do not know what to think. So many people write books based on a positive premise rather than reality because they know positivity sells. There's nothing wrong with positivity, but it should be reserved for motivational speakers not investments and economics. We are talking about people's retirement funds here!
Dent does not say much of anything new that he hasn't already said in his previous books. He is just trying to cash in on a rebound from the Internet bubble collapse. What kind of value is there in predicting a stretch of 4 years of great market returns? Regardless, we have yet to see this spectacular market performance. I'll tell you why he did this. Anyone with common sense knows that extremes in the market are followed by compensatory reversals which may or may not last. What this means is that Dent (like many others) expected a rebound from the lows in the market merely due to normal stock market behavior. The fact that he has restricted it to 2010 tells you where he thinks the market is really headed--down.
NEVER BUY A BOOK BY ANYONE WHO HAS A VESTED INTEREST IN a BULLISH STOCK MARKET (THOSE WHO WORK FOR MUTUAL FUNDS AND WALL STREET). ALSO NEVER BUY A BOOK BY ANYONE WORKING FOR A HEDGE FUND UNLESS YOU WANT TO HEAR THAT THE MARKET WILL GO DOWN. THESE GUYS ARE ALREADY TAKINGYOUR MONEY IN TEH MARKET AND NOW THEY WANNA TAKE YOUR MONEY BY SELLING YOU BOOKS FILLED WITH DREAMS THAT WILL NEVER HAPPEN.
Don't waste your money on this book. Instead get some books that talk about how bad the economy really is and how it is going to get worse for many years.
interesting read.......2007-04-11
interesting read. I am still waiting for his predictions to come true...
Dent in my wallet.......2007-04-07
If only I could express how much time and optimism I wasted after reading this book...
The fact is that the forecasts are wildly out of sync with reality, Dent's methods are proving to be nearly useless and market risks are actually on the INCREASE as I write this review.
Dent did not predict the real estate boom, he did not predict the commodity boom, he did not predict the 2000 bear market, he did not predict the dollar loss against the Euro... the list goes on. When he gets a prediction wrong, he just adds another "cycle" to his forecasts... the stock market turned to goo after 2000? "oh, well we discovered the 10 year stock cycle, and this PROVES that stocks should have gone down"... the Dow didn't go to 14,000 (as predicted in this book)? "Oh, we forgot about the commodity super-cycle". How many other 'cycles' does Dent not know about?
After reading this book a couple years ago, I'm sad to say I subscribed to his newsletter at around $400-500 /year, and while their knowledge of economic fundamentals was clearly solid, I can't say I made any money from his insights, or that his insights were any better than what I'd read on the Internet for free.
I'd recommend you take this book (along with everything else) with a grain of salt, and learn from a lesson that sinks in only after you've blown money... no one knows the future, especially Dent.
Wealth takes research.......2007-03-09
Harry Dent has another winner. Being the third in a series of books by Harry Dent, "The Greatest Boom in History: 2006-2010," tells us again how to save what wealth we have and increase it during the current economic and investment boom. Anyone with money to invest must read this book.
Books:
- Results Rule!: Build a Culture That Blows the Competition Away
- Running On Empty: How The Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It
- Snipers, Shills, and Sharks: eBay and Human Behavior
- Statistics for Managers Using Microsoft Excel, Fourth Edition
- Strategic Brand Management, Second Edition
- Successful Manager's Handbook: Develop Yourself, Coach Others
- Team-Based Strategic Planning: A Complete Guide to Structuring, Facilitating and Implementing the Process
- Team-Building Activities for Every Group
- The 48 Laws of Power
- The Change-Your-Life Quote Book
Books Index
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