02.03.2013 Views

Downloadable - About University

Downloadable - About University

Downloadable - About University

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

References 213<br />

<br />

6 million<br />

Therefore the standard deviation =<br />

= $1095<br />

5<br />

The square of the standard deviation is known as the variance.<br />

References<br />

1. Hertz, D. B. and Thomas, H. (1983) Risk Analysis and its Applications, Wiley,<br />

Chichester.<br />

2. Singh, C. and Kiangi, G. (1987) Risk and Reliability Appraisal on Micro Computers,<br />

Chartwell-Bratt, Lund.<br />

3. For a theoretical treatment of stochastic dominance see Hadar, J. and Russell,<br />

W. R. (1969) Rules for Ordering Uncertain Prospects, The American<br />

Economic Review March, 25–34.<br />

4. Markowitz, H. M. (1959) Portfolio Selection, Wiley, New York.<br />

5. Besley, F., Weston, F. and Brigham, E. (2000) Essentials of Managerial Finance<br />

(12th edn), Thomson Learning, London.<br />

6. Drury, C. (2000) Management and Cost Accounting (5th edn), Thomson Learning,<br />

London.<br />

7. Hespos, R. F. and Strassman, P. A. (1965) Stochastic Decision Trees in the<br />

Analysis of Investment Decisions, Management Science,No.10, B244–B259.<br />

8. Hertz, D. B. (1979) Risk Analysis and Capital Investment, Harvard Business<br />

Review Classic, Harvard Business Review, September, 169–181.<br />

9. Eilon, S. and Fawkes, T. R. (1973) Sampling Procedures for Risk Simulation,<br />

Operational Research Quarterly, 24, No. 2, 241–252.<br />

10. Hull, J. C. (1977) Dealing with Dependence in Risk Simulations, Operational<br />

Research Quarterly, 28, No. 1, 201–213.<br />

11. Jennings, D. L., Amabile, T. M. and Ross, L. (1982) Informal Covariation<br />

Assessment: Data-based versus Theory-based Judgments, in D. Kahneman,<br />

P. Slovic and A. Tversky (eds), Judgment Under Uncertainty: Heuristics and<br />

Biases, Cambridge <strong>University</strong> Press, Cambridge.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!