The Simplex Method
The simplex method is the most fundamental tool in linear programming, it is a single algorithm that is...
Gross Income for Individuals
Gross Income Gross income is all income from whatever source defined, it includes income realized in any form...
Homogeneous Linear Differential Equations
Linear homogeneous differential equation is the second-order ODEs that has the form below, It is important that the...
First-Order Differential Equations
Euler Method Euler method is a very simple numerical method that can be used to solve differential equations....
Administrative Regulations
Administrative Agencies Administrative agencies are government entities that are housed in the executive branch. They make rules, investigate...
Probability, Sampling & Inference
In the 1930s, Jerzy Nayman and others made some very important breakthroughs in this area and his work...
The Flow of Funds Theory
Hyman Minsky had something called financial instability hypothesis, suggesting that there was something inherently unstable about financial system...
Vector Calculus: Basics
Vector Calculus is also known as Multivariate Calculus or “Calculus 3”. Calculus 1 and 2 are Differential Calculus...
Linear Algebra in Operations Research
There are 2 perspectives to look at linear equation systems, row view and column view. Both are equivalent,...
Debtor-Creditor Relationships
Bank Financing Sureties and Guarantors Sureties and guarantors are people who agree to be liable for a debt...
From National Banking System to Federal Reserve
A few things about Allyn Young He goes against economic orthodoxy. There are 3 dimensions where he is...
Six Sigma: Basics of Lean
An organization could benefit from Lean in many ways: Customer focus Focus on customers, it is much cheaper...
Corporate Finance
Time Value of Money Money received or paid at different time is like different currencies. You can’t add...
Six Sigma: Teams
A team is a group of people working together to achieve a common purpose for which they hold...
Financial Statement: Company Performance
Financial statements are representations or substitute attributes meant to measure attributes of a company. Income Statement Balance sheet...