Ideal Engines – Explanation of a Modern Brake System

This will be an attempt to familiarise you with a typical modern day brake system found on many passenger cars.The brake system I will be referring to has ABS brakes and is comprised of the following major components; the brake pedal, the vacuum brake booster, the master cylinder, a proportioning valve, front and rear brake …

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Modern theory of wages

The classical and old theories of wages are either defective or inadequate while explaining the wage determination. Though marginal productivity theory is fairly satisfactory, it does not take into consideration the supply side of labor which is equally important as that of demand. Modern theory of wages provides a satisfactory explanation of wage determination. This …

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Modern Portfolio Theory – Basics

MPT is based on the behavior of the investor. The investor may make decision based on the expected return and the riskiness of returns. The higher the level of fluctuations, the higher is the risk. Therefore an investor may not prefer a share having higher level of fluctuations price.  He may prefer a share even …

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A Thought Experiment For Modern Leadership Education – Adapting to Uncertainty

I had an opportunity to participate in a thought experiment on military leadership in times of revolutionary change in the operational environment.  I was struck by how the discussion resonated with the concept of “transparency”. Here is a summary of the key points that emerged, any of which resonate for broader issues of leadership of all …

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Modern Portfolio Theory

Modern Portfolio Theory   There are two explanations which preserve the integrity of earlier and more theoretical discussions of risk and return. First, as was explained in the last article, according to modern portfolio theory, the risk premium of an individual asset is not measured by its own variability considered in isolation but rather by the contribution …

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