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Introduction to financial engineering, : - Coggle Diagram
Introduction to financial engineering
What is finance?
Decisions about money, everyone deals with financial decisions and there are financial implications in every business related decisions.
Lean Manufacturing
System that integrates the entire production process so that the least amount of resources is used.
Value
Current (present) value of cash flow based on the return demanded by investors
what does it mean to maximize value?
To invest, improve and increase the value.
Lean finance
Simplifying
finance
processes
to create more
efficient
finance operation.
Goals are
To reduce operational cost
To maximize value
How has the finance discipline changed during the past 100 years?
o The value of money in different countries
o Credit
o Cash / Virtual
o Getting paid
o Keeping Records
o Paying Bills
Sustainability
A long-run process that focuses on improving the quality of life of all stakeholders for all generations both current and future
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