Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

一位听众来信询问 “proceed”、“progress”、“procedure”、“process” 之间的区别。这四个单词在含义上有容易混淆的地方。本期节目先对比 “proceed” 和 “progress” 用作动词，谈论事情的 “进行” 和 “进展” 之间的区别；再对比 “procedure” 和 “process” 用作 ...

As businesses try to do more with less and respond to economic pressures, they are naturally interested in reducing costs by improving processes throughout their organizations. A number of ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Although some aspects of process validation for continuous processes are the same as those for traditional batch processes, there are some unique considerations. Although some aspects of process ...

The first article in this two-part series (OGJ, May 6, 2013, p. 94) presented four process safety examples of possible inadequate overpressure protection design in amine natural gas sweetening, glycol ...

As a business owner or operations manager responsible for production, understanding the supply chain is essential to the success of your business. Any obstacle or impediment to the smooth flow of ...