Tag: decision
Queuing Theory
DefinitionQueueing theory is the mathematical study of waiting lines, or. A queueing model is constructed so that queue lengths and waiting time can be...
Value Engineering
DefinitionValue engineering is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as...
Feasibility Study
What is a 'Feasibility Study' A feasibility study is an analysis of how successfully a project can be completed, accounting for factors...
Family Limited Partnership (FLP)
What is 'Family Limited Partnership - FLP' A type of partnership designed to centralize family business or investment accounts. FLPs pool together...
Wealth Psychologist
What is 'Wealth Psychologist' A wealth psychologist is a mental health professional who specializes in issues relating specifically to wealthy individuals. Wealth...
Farm Income
DefinitionIn United States agricultural policy, several measures are used to gauge farm income over a given period of time. Farm Income What is...
Wash-Out Round
What is 'Wash-Out Round' A common round of financing to owners of small companies that are not yet financially stable. When such...
Gatekeeper
What is 'Gatekeeper' Requirements that must be met before an individual can qualify for a long-term care plan. A person must qualify...
Tax Court
What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the...
Daniel Kahneman
DefinitionDaniel Kahneman is an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which...