The Telecommunications Act of 1996 envisioned a competitive free-for-all in the U.S. telecommunications industry with removal of barriers to entry in local telecommunications markets and the lifting of the artificial restrictions that kept the Regional Bell Operating Companies (RBOCs) out of the interLATA long-distance market. After close to 5 years, only one RBOC has been granted permission (controversially) to enter the interLATA market, and local competition has yet to provide most consumers with meaningful choices. In addition, the wave of mergers across the industry has raised the specter of putting the former Bell System back together again. Policymakers now openly question whether the Act can deliver what it promised. Three principal themes are developed in this book. First, there has been a coordination failure between Congress and the FCC in translating the principles embodied in the Act into practice. The authors provide evidence for this by analyzing stock market reactions to legislative and regulatory actions. This coordination failure was largely predictable, given the ambiguity in the Act, as well as conflicting jurisdictions between the FCC and the states. Second, the Act calls for wholesale prices to be `based on cost.' Regulators adopted a costing standard (TELRIC) that provides a means to subsidize competitive entry in local telephone service markets. The ready adoption of the TELRIC standard by regulators is shown to be tied to the third theme: price cap regulation provides regulators with `insurance' against the adverse effects of competition in local telephone markets. Statistical analysis reveals that regulators in price cap states set uniformly lower unbundled network element prices (lower barriers to entry) in comparison with regulators in rate-of-return and earnings sharing states. The result is a triumph of regulatory processes over market processes - the antithesis of the purpose of the Act.
Practical Spreadsheet Modeling Using @Risk provides a guide of how to construct applied decision analysis models in spreadsheets. The focus is on the use of Monte Carlo simulation to provide quantitative assessment of uncertainties and key risk drivers. The book presents numerous examples based on real data and relevant practical decisions in a variety of settings, including health care, transportation, finance, natural resources, technology, manufacturing, retail, and sports and entertainment. All examples involve decision problems where uncertainties make simulation modeling useful to obtain decision insights and explore alternative choices. Good spreadsheet modeling practices are highlighted. The book is suitable for graduate students or advanced undergraduates in business, public policy, health care administration, or any field amenable to simulation modeling of decision problems. The book is also useful for applied practitioners seeking to build or enhance their spreadsheet modeling skills. Features Step-by-step examples of spreadsheet modeling and risk analysis in a variety of fields Description of probabilistic methods, their theoretical foundations, and their practical application in a spreadsheet environment Extensive example models and exercises based on real data and relevant decision problems Comprehensive use of the @Risk software for simulation analysis, including a free one-year educational software license
Practical Spreadsheet Modeling Using @Risk provides a guide of how to construct applied decision analysis models in spreadsheets. The focus is on the use of Monte Carlo simulation to provide quantitative assessment of uncertainties and key risk drivers. The book presents numerous examples based on real data and relevant practical decisions in a variety of settings, including health care, transportation, finance, natural resources, technology, manufacturing, retail, and sports and entertainment. All examples involve decision problems where uncertainties make simulation modeling useful to obtain decision insights and explore alternative choices. Good spreadsheet modeling practices are highlighted. The book is suitable for graduate students or advanced undergraduates in business, public policy, health care administration, or any field amenable to simulation modeling of decision problems. The book is also useful for applied practitioners seeking to build or enhance their spreadsheet modeling skills. Features Step-by-step examples of spreadsheet modeling and risk analysis in a variety of fields Description of probabilistic methods, their theoretical foundations, and their practical application in a spreadsheet environment Extensive example models and exercises based on real data and relevant decision problems Comprehensive use of the @Risk software for simulation analysis, including a free one-year educational software license
You have within yourself the power to enrich your life the power to overcome adversity and attain happiness, harmony, health and prosperity. This book enumerates principles set forth by Dale Carnegie and applied by millions of people to learn how to program their approach to the vast variety of situations one meets in life. You will learn how to diagnose your strengths and weaknesses and how to enhance those strengths and overcome the weaknesses. It will help you understand how you currently deal with life’s vicissitudes, identify these traits and pinpoint your special needs. There are self-administered inventories to measure what you do when faced with such adverse conditions. Key life enrichment mantras you will acquire from this book are: How to Assess and balance key phases of your life: personal, family, job and career etc. Measure how much stress you face and how you deal with it Develop a health-oriented life style Interact most effectively with others and how to deal with difficult people Test your charisma quotient, to become a charismatic person How to measure your emotional intelligence and take control of your emotions Score your skills in dealing with the conflicts you face. The advice presented here will enrich your life. These are not theoretical sermons or philosophical discourses, but come from years of experience of people just like you, who have applied them to change their lives from average, mediocre existences to satisfying, rewarding, meaningful and exciting journeys.
Whether it is on the job or in our personal lives, if we want to make progress, we must be willing to make changes often major changes in the way we do our jobs or live our lives. In this book, Dale Carnegie looks at the reasons why people often resist change and the steps that can be taken to overcome this resistance, through examples drawn from both personal and professional situations. He explains the overall concept of making change work for you and provides suggestions on how these changes can help you on the road to success. Change may be mandated by ever-changing technologies. A downslide in economic factors may necessitate changes in systems and methods, to ensure survival. Conversely, change may become necessary after a surge in economy, in order to meet the new rise in demand of your services or goods. The areas covered in this book are: Change as a step toward success. Adjusting to change. How and when change should be initiated. How to deal with change as part of a team. Reducing stress when dealing with change. Adjusting to working with people of diverse cultures. the gender and generational gaps in the workplace. Reading this book can be the first step for you in coping with change, to start you on the track that has helped people in all careers to accept, adjust to and often initiate changes that enabled their organizations to not only survive, but thrive, resulting in the acceleration of their own progress to success.
This book consists of 48 short biographies. Included are Joan Crawford, Lionel Barrymore, The Mayo Brothers, Jack London, Theodore Roosevelt, and many more.
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