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This history of Ferranti during the last six years of its long existence provides a detailed exposition of the merger with an American firm that would bring it to its knees. Although only covering six years, this builds on the previous two volumes of the Ferranti history that has outlined how the firm grew into one of the UK's leading defence electronics operations. Having survived a major liquidity crisis in 1974-75, Ferranti recovered robustly under new management, only to flounder under the same leadership as a result of a major foray into the American defence electronics industry. The case-study outlines the inherent dangers in international mergers, as well as the acute problems associated with City and corporate governance practices which resulted in decisions that undermined Ferranti fatally.
Written by a physicist with extensive experience as a quant on Wall Street, this book treats a wide variety of topics. Presenting the theory and practice of quantitative finance and risk, it delves into the "how to" and "what it's like" aspects not covered in textbooks or research papers. A "Technical Index" indicates the mathematical level for each chapter.This second edition includes some new, expanded, and wide-ranging considerations for risk management: climate change and its long-term systemic financial risk; markets in crisis - new crisis prediction technique and the Reggeon field theory; new "Smart Monte Carlo" and American Monte Carlo; trend risk - time scales and risk, the Macro-Micro model, and singular spectrum analysis; credit risk: counterparty risk, wrong way risk, issuer risk, and regulations; stressed correlations - new "nearest neighbor" techniques; and psychology and option models.Solid risk management topics from the first edition and valid today are included: standard/advanced theory and practice in fixed income, equities, and FX; quantitative finance and risk management - traditional/exotic derivatives, fat tails, stressed VAR, model risk, numerical techniques, deals/portfolios, systems, data, economic capital, and function toolkit; risk lab - the nuts and bolts of risk management from the desk to the enterprise; case studies of deals; Feynman path integrals, Green functions, and options; and "Life as a Quant" - communication issues, sociology, stories, and advice.
In these times of global economic crisis, social unrest towards the powers that be, and a yearning for alternative systems and organization, it is now more relevant than ever for you to take a critical stance to your management studies in order to analyse, understand and question the world around you and the capitalist stronghold in which you live and work.
This new thought-provoking text uses critical theory and revolutionary ideas to help you challenge the status quo and prevailing ideologies in management. It covers key issues, thinkers and topics in an accessible style to provide a broad and clear understanding of vital theory which is applied to the real world through international case studies and reflective questions and think points for you to carry into practice.
A companion website provides additional learning materials for personal study and class activities (www.sagepub.co.uk/dyer).
This text is essential reading for any undergraduate or postgraduate student studying critical management or any management course with a critical slant.
Communication and Political Crisis explores the role of the global media in a period of intensifying geopolitical conflict. Through case studies drawn from domestic and international political crises such as the conflicts in the Middle East and Ukraine, leading media scholar Brian McNair argues that the digitized, globalized public sphere now confronted by all political actors has produced new opportunities for social progress and democratic reform, as well as new channels for state propaganda and terrorist spectaculars such as those performed by the Islamic State and Al Qaeda. In this major work, McNair argues that the role of digital communication will be crucial in determining the outcome of pressing global issues such as the future of feminism and gay rights, freedom of speech and media, and democracy itself.
A futuristic approach in water management has been discussed in this descriptive book. It is estimated that there is nearly 1.4 billion km3 of water in this world but only about 3% (39 million km3) of it is available as fresh water. Furthermore, most of this fresh water is found as ice in the arctic regions, atmospheric water or deep groundwater. Since water is a source of life and is vital for all forms of life across the planet, its sustainable use is an extremely crucial issue. Water Management is the fundamental term employed for elucidating all the activities involved in managing the optimum use of the world's water resources. However, only a small percentage of fresh water available can be subjected to water management. It is still a huge amount, but the distinct characteristic of water is that unlike other resources, it is irreplaceable. This book describes an elementary analysis on several topics related to water management from across the globe. The topics elucidated in this book cover politics, recent models for water resource management of rivers and reservoirs as well as issues associated with agriculture. Growing water demands, water quality problems and water pricing have also been considered. Reputed scientists and experts from across the world have contributed descriptive information in this book. It covers a broad range of current issues, describing the current problems and illustrating the complexity of water management.