Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions. Learn with practical examples.

一位听众来信询问 “proceed”、“progress”、“procedure”、“process” 之间的区别。这四个单词在含义上有容易混淆的地方。本期节目先对比 “proceed” 和 “progress” 用作动词，谈论事情的 “进行” 和 “进展” 之间的区别；再对比 “procedure” 和 “process” 用作 ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

As businesses try to do more with less and respond to economic pressures, they are naturally interested in reducing costs by improving processes throughout their organizations. A number of ...

Learn about acceptance in international trade, its process, examples, and how it ensures payment for goods, enhancing your trade finance knowledge.

Business process outsourcing involves the outsourcing of business functions to external companies. To clarify, many companies outsource tasks to external providers. An example may be hiring a ...

The first article in this two-part series (OGJ, May 6, 2013, p. 94) presented four process safety examples of possible inadequate overpressure protection design in amine natural gas sweetening, glycol ...