Delphi

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GOLD STANDARD

The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money (bank deposits and notes) were freely converted into gold at the fixed price. England adopted a de facto gold standard in 1717 after the master of the mint, Sir Isaac Newton, overvalued the guinea in terms of silver, and formally adopted the gold standard in 1819. The United States, though formally on a bimetallic (gold and silver) standard, switched to gold de facto in 1834 and de jure in 1900 when Congress passed the Gold Standard Act. In 1834, the United States fixed the price of gold at $20.67 per ounce, where it remained until 1933. Other major countries joined the gold standard in the 1870s. The period from 1880 to 1914 is known as the classical gold standard. During that time, the majority of countries adhered (in varying degrees) to gold. It was also a period of unprecedented economic growth with relatively free trade in goods, labor, and capital.
The gold standard broke down during World War I, as major belligerents resorted to inflationary finance, and was briefly reinstated from 1925 to 1931 as the Gold Exchange Standard. Under this standard, countries could hold gold or dollars or pounds as reserves, except for the United States and the United Kingdom, which held reserves only in gold. This version broke down in 1931 following Britain’s departure from gold in the face of massive gold and capital outflows. In 1933, President Franklin D. Roosevelt nationalized gold owned by private citizens and abrogated contracts in which payment was specified in gold. Between 1946 and 1971, countries operated under the Bretton Woods system. Under this further modification of the gold standard, most countries settled their international balances in U.S. dollars, but the…...

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Forecasting Assignment

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The Delphi Technique-Public Decision or Public Manipulation

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Delphi

...Índice Página Portada. ………………………………………………………….1 Índice. …………………………………………………………….2 Introducción. ……………………………………………………3 Información General. ……………...…………………………..3 Desarrollo. ………………………………………………………4 Ventajas y Desventajas del Método Delphi. ………………6 Conclusión. ……………………………………………………..7 Referencias y Sitios Web. ……………………………………8 Introducción La Técnica o Método Delphi es una herramienta creada por la Corporación Rand al inicio de la Guerra Fría (1989), donde se investigó el impacto de la tecnología en la guerra donde se hicieron pronósticos militares patrocinados por la Fuerza Aérea de los Estados Unidos. Se considera una técnica efectiva y valida de reunir información sobre un tema o problema complejo donde hay escases de información, evidencias o acuerdos, es por esto que es una técnica muy importante para la investigación multidisciplinaria y para la realización de pronósticos y predicciones aplicado con fines civiles, una vez que se desclasifico el método Delphi por las Fuerzas Aéreas de USA se empezó a extender rápidamente, en primer lugar, hacia la previsión tecnológica a largo plazo y posteriormente a otros campos importantes como el transporte, la educación, la sanidad, turismo por mencionar algunos. Consiste en recoger las opiniones de expertos por medio de encuestas de manera anónima. La idea fundamental de este método es que el conocimiento “grupal” es mejor al de un solo experto, en áreas donde la información es escasa o no se encuentra......

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Cds (Credit Default Swap)

...make sure even the company default; the bond holders can get the par value back from insurance company. We will look at the CDS spread of Delphi for this question. After we plotted in the data, we find out that the overall CDS spread are abnormally large during the year of 2005 and 2008. The high CDS spreads indicates the unsuccessful operation of Delphi at that time and investors perceiving the possibility of Delphi defaulting on its bond payment. Delph is one of the world's largest automotive parts manufacturers originated in the U.S. The company originally belonged to General Motors (G.M.) and spun off in 1999 as an independent company. However, facing the increasing competition in the automotive industry, inability to repay its debt, and weakened by the high labor costs that set by the spinoff agreement with GM, Delphi filed for Chapter 11 bankruptcy protection on Oct. 8, 2005 to reorganize its struggling U.S. operations. After Delphi release the news of filing bankruptcy, the bond holders loosed confidence on Delphi and believed Delphi might default on its bond repayment. Bond holders started to sell Delphi bonds or purchase CDS to cover the bonds that they held. The CDS spread in 2005 therefore increased. The high CDS indicates the high possibility of Delphi defaulting on its bond and indicates bond holders losing confidence on Delphi ability to repay them. In 2008, the company had a plan in place to exit from Chapter 11 bankruptcy protection, in reliance on a $2.5......

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The Temple of Apollo at Delphi

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Quality

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Risk Analysis Method

...RISK ANALYSIS METHODS Delphi Technique “The Delphi Technique is a selected group of expert’s answers questionnaires and provides feedback regarding the responses from each round of requirements gathering. The responses are only available to the facilitator to maintain anonymity” (PMBOK, 2008, p.108). It is a technique that is useful for situation where individual judgments have to be tapped and combined in order to address a lack of agreement or incomplete of knowledge. The valued of this technique is the ability to structure and organize group communication. The group member discusses and reviews the summary report individually, and gives updated forecasts to the facilitator, who again look over the material and issues a second report. This process continues until all participants reach a consensus. The experts at each stage have a full record of what forecasts that the others have made, but do not know who made them. Anonymity allows the experts to express their self freely, encourages openness and avoids admitting error by revising earlier forecasts. The history of Delphi derives from the Oracle of Delphi. According to Wikipedia, the authors of the method were not happy with this name, because in implies something oracular, something smacking a little of the occult. The Delphi method was developed at the beginning of the Cold War to forecast the impact of technology on warfare. The method was a creation for the report, for the U.S. Army Air Corps on......

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Meta Analysis

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Delphi Technique

...implement the Delphi research technique. The reason why the researcher has considered this as appropriate is because it is non-experimental and there is no manipulation of variables, since it is simply an exploration of the opinion of the experts in the field of the study (William, Donnelly, & Arora, 2015). The researchers seek to gain insight into the processes of providing community based programs in the state of Virginia to help at risk children. In order to accomplish the research objectives and address the research questions accordingly, this research will utilize primary and secondary sources of data collection. Primary sources will provide the data for the study, while secondary sources will add understanding to the topic area thorough providing supplementary information to the primary design (Hammersley & Traianou, 2012). The primary data will be gathered from conducting a survey. 3.1. Research methodology 3.2.1. The Delphi technique The intention of this study is to identify appropriate solutions for at risk children in Virginia. To achieve this, it is essential for one to gain perspectives of those already involved actively with various projects regarding the same. Using open-ended questions to gather personalized information based on their expertise. However, the sample size indicates that these suggestions might be too diverse to implement, hence the need to condense the feedback to consensus views. To achieve this, the Delphi......

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Mr Me Too

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