Download Challenges in Defense Working Capital Fund Pricing : by Edward G. Keating PDF

By Edward G. Keating

Show description

Read Online or Download Challenges in Defense Working Capital Fund Pricing : Analysis of the Defense Finance and Accounting Service PDF

Similar political freedom books

The Provisional Irish Republican Army and the Morality of Terrorism

Is terrorism ever morally justified? How may still ancient and cultural components be taken into consideration in judging the morality of terrorist acts? What are the moral limits of nation counter-terrorism? for 3 many years the Provisional Irish Republican military waged an 'armed fight' opposed to what it thought of to be the British career of Northern eire.

The Illusion of Freedom and Equality

Arguing that the ideology of freedom and equality this day bears little resemblance to its eighteenth-century counterpart, Richard Stivers examines how those values were significantly remodeled in a technological civilization. as soon as considered one of those own estate and a side of the respect of the person, the context of freedom and equality this day is technological sooner than it really is political and monetary and is usually now principally considered in collective phrases.

Renegade Regimes: Confronting Deviant Behavior in World Politics

Rogue states pursue guns of mass destruction, help terrorism, violate human rights, interact in acts of territorial aggression, and pose a hazard to the overseas neighborhood. contemporary debates and coverage shifts concerning Iraq, North Korea, Syria, Iran, and Afghanistan mirror the asymmetric makes an attempt to take care of regimes that pursue deviant habit.

America Abroad: The United States’ Global Role in the 21st Century

A decade and a half onerous wars, punishing financial setbacks, and fast-rising competitors has referred to as into query America's basic place and objective in global politics. Will the united states remain the one superpower within the overseas method? should still it proceed advancing the world-shaping grand approach it has because the sunrise of the chilly battle?

Additional info for Challenges in Defense Working Capital Fund Pricing : Analysis of the Defense Finance and Accounting Service

Sample text

Thus, any straightforward measure of differences would be obscured by problems of relative magnitude. To get around this problem, we constructed a normalized measure for each output, including accounting. This normalized measure, called a “z-score,” was constructed using following the equation: zt = (expendituret – mean)/standard deviation The mean and standard deviation in the equation are the mean and standard deviation for the period before the billing change and are used in the calculations both before and after the billing change.

As a particular example of moral hazard remedies, an experimental study by DeJong et al. (1985) found that the moral hazard problem in an accounting setting was partially remedied by the provider’s concern with his or her reputation and the client’s investigation of the provider. In the laboratory setting, these remedies lessened but did not entirely solve the problem of auditors shirking their responsibilities. 34 Testing for Moral Hazard If there were a moral-hazard-induced change in DFAS’s accounting expenditures, we would expect to see an increase—either a level increase or a trend increase—after the change in the billing regime.

Analogous to a worker who decides whether or not to shirk his or her work duties, and who has the ability to evade work because he or she is not monitored, DFAS employees may have a choice in how efficiently they should work. Because DFAS’s actions are hidden from its customers, the customers fear that DFAS may be taking longer to do a job than is necessary. The economics literature makes some suggestions as to how principals might at least partially remedy the moral hazard problem. For example, a principal can monitor an agent’s work to see if the agent is as productive as the principal desires.

Download PDF sample

Rated 4.10 of 5 – based on 11 votes