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 ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

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 ...

Business process outsourcing involves the outsourcing of business functions to external companies. To clarify, many companies outsource tasks to external providers. An example may be hiring a ...

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 ...

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 ...