Rating: Summary: Executive summary of some useful techniques Review: Morton Glantz brilliantly bridges the gap between advanced mathematical theory and real word applications. "Scientific Financial Management" is an extremely valuable source for all levels of an organization - junior analyst through CEO. The author provides thorough explanations of topics ranging from the traditional quantitative models of econometrics, statistics and optimization to the more modern techniques of neural networks and real options. He presents and describes the techniques that are most applicable for solving today's complex business problems quickly, easily, and accurately. It is a must for staying informed and competitive in today's ever-changing "e-society."Most importantly, Mr. Glantz provides a comprehensive explanation of each technique without the detailed mathematical theory and applies the techniques to practical business problems. These examples are an excellent source and supplement for learning each described technique. "Scientific Financial Management" is a great reference source for practitioners or anyone with an interest in mathematics and business. It is a must for any Financial Analyst.
Rating: Summary: Kudos for Glantz! * * * * * A True Five Star Text * * * * Review: Morton Glantz brilliantly bridges the gap between advanced mathematical theory and real word applications. "Scientific Financial Management" is an extremely valuable source for all levels of an organization - junior analyst through CEO. The author provides thorough explanations of topics ranging from the traditional quantitative models of econometrics, statistics and optimization to the more modern techniques of neural networks and real options. He presents and describes the techniques that are most applicable for solving today's complex business problems quickly, easily, and accurately. It is a must for staying informed and competitive in today's ever-changing "e-society." Most importantly, Mr. Glantz provides a comprehensive explanation of each technique without the detailed mathematical theory and applies the techniques to practical business problems. These examples are an excellent source and supplement for learning each described technique. "Scientific Financial Management" is a great reference source for practitioners or anyone with an interest in mathematics and business. It is a must for any Financial Analyst.
Rating: Summary: Great Book! Review: Professor Glantz has been instrumental for us in his writings and seminars. He truly is one of the world's foremost authorities on credit and the world of banking.
Rating: Summary: Great Book! Review: Professor Glantz has been instrumental for us in his writings and seminars. He truly is one of the world's foremost authorities on credit and the world of banking.
Rating: Summary: good intorductory - summary - text Review: The book covers many interesting topics starting from general statistical analysis and linear regression to some more complex topics such as neural networks. Also some Monte Carlo is covered. I read a lot of books on same topics but in much more depth, which is why this book was not a big contribution to my current knowledge. The text is certainly good for a beginner or to refresh your memory, but I think to be a very good CEO of CFO you need to know more in detail than just some of these topics, as described in the book. Some chapters such as the one on Monte Carlo I think is not presented in a best manner. The whole chapter looks more like a user guide for Monte Carlo for Chrystal Ball software. The technique of Monte Carlo usage is not descibed in a detail at all , but rather it is just presented of how it is done in this software. Moreover, the chapter on Nerual Networks in a summary chapter on some general topics but there are no precise examples of how things can be done. These are some of the reasons why I didn't really like the book, it is more less like a summary of the most important topics that one should know if in finance. As I said this book is probably good introductory text to get acquainted with the general topics, prior to getting into some more detailed text, becuase from this you really can not say you know the material in depth.
Rating: Summary: Executive summary of some useful techniques Review: This text provides an intuitive introduction to various techniques. Nothing more, nothing less. Each chapter is about 30 pages long and is just about right for the busy executive. Those who actually need to implement models might want to look at Simon Benninga's 'Financial Modeling' and Wayne Winston's 'Practical Management Science.'
Rating: Summary: Utter Brilliance! Review: This text provides the tools necessary to make an informed decision as a member of the financial senior management team. The most valuable element of the book is its current and future approach to valuation. The modeling techniques allow the reader to properly access and implement innovative methods for proper and precise valuation. Thank you Mr. Glantz for making me look smarter to my boss and other senior members of my large capitalization company.
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