|
Valuation And Property Services Department
Valuation may refer to: Economics * Valuation (finance), the determination of the economic value of an asset or liability ** Real estate appraisal, sometimes called ''property valuation'' (especially in British English), the appraisal of land or buildings *A distinction between real prices and ideal prices in Marxist theory. *The term valuation function is often used as a synonym to utility function. *The sociology of valuation also takes economic valuation practices as an object of study. * '' Valuation: Measuring and Managing the Value of Companies'' Mathematics * Valuation (algebra), a measure of multiplicity ** p-adic valuation, a special case * Valuation (geometry), a generalization of finitely-additive measures * Valuation (logic), an operation on well-formed formulas with the semantics of evaluation *Valuation (measure theory), a tool for constructing outer measures Other uses *Valuation (ethics) In ethics and social sciences, value denotes the degree of importance of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valuation (finance)
In finance, valuation is the process of determining the present value (PV) of an asset. In a business context, it is often the hypothetical price that a third party would pay for a given asset. Valuations can be done on assets (for example, investments in marketable securities such as companies' shares and related rights, business enterprises, or intangible assets such as patents, data and trademarks) or on liabilities (e.g., bonds issued by a company). Valuations are needed for many reasons such as investment analysis, capital budgeting, merger and acquisition transactions, financial reporting, taxable events to determine the proper tax liability. Valuation overview Common terms for the value of an asset or liability are market value, fair value, and Intrinsic value (finance), intrinsic value. The meanings of these terms differ. For instance, when an analyst believes a stock's intrinsic value is greater (or less) than its market price, an analyst makes a "buy" (or "sell") reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Appraisal
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a centralized Walrasian auction like a stock exchange is unrealistic). The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property. Besides the mandatory educational grade, which can vary from Finance to Construction Technology, most, but not all, countries require appraisers to have the license for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British English
British English (BrE, en-GB, or BE) is, according to Lexico, Oxford Dictionaries, "English language, English as used in Great Britain, as distinct from that used elsewhere". More narrowly, it can refer specifically to the English language in England, or, more broadly, to the collective dialects of English throughout the British Isles taken as a single umbrella variety, for instance additionally incorporating Scottish English, Welsh English, and Ulster English, Northern Irish English. Tom McArthur (linguist), Tom McArthur in the ''Oxford Guide to World English'' acknowledges that British English shares "all the ambiguities and tensions [with] the word 'British people, British' and as a result can be used and interpreted in two ways, more broadly or more narrowly, within a range of blurring and ambiguity". Variations exist in formal (both written and spoken) English in the United Kingdom. For example, the adjective ''wee'' is almost exclusively used in parts of Scotland, North E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Prices And Ideal Prices
The distinction between real prices and ideal prices is a distinction between ''actual prices paid'' for products, services, assets and labour (the net amount of money that actually changes hands), and ''computed'' prices which are not actually charged or paid in market trade, although they may facilitate trade. The difference is between actual prices ''paid'', and information about ''possible'', ''potential'' or ''likely'' prices, or "average" price levels. This distinction should not be confused with the difference between "nominal prices" (current-value) and "real prices" (adjusted for price inflation, and/or tax and/or ancillary charges). It is more similar to, though not identical with, the distinction between "theoretical value" and "market price" in financial economics. Characteristics Ideal prices, expressed in money-units, can be "estimated", "theorized" or " imputed" for accounting, trading, marketing or calculation purposes, for example using the law of averages. Often th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marxist Theory
Marxist philosophy or Marxist theory are works in philosophy that are strongly influenced by Karl Marx's materialist approach to theory, or works written by Marxists. Marxist philosophy may be broadly divided into Western Marxism, which drew from various sources, and the official philosophy in the Soviet Union, which enforced a rigid reading of Marx called dialectical materialism, in particular during the 1930s. Marxist philosophy is not a strictly defined sub-field of philosophy, because the diverse influence of Marxist theory has extended into fields as varied as aesthetics, ethics, ontology, epistemology, theoretical psychology and philosophy of science, as well as its obvious influence on political philosophy and the philosophy of history. The key characteristics of Marxism in philosophy are its materialism and its commitment to political practice as the end goal of all thought. The theory is also about the struggles of the proletariat and their reprimand of the bourgeoisie. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utility Function
As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill. The term has been adapted and reapplied within neoclassical economics, which dominates modern economic theory, as a utility function that represents a single consumer's preference ordering over a choice set but is not comparable across consumers. This concept of utility is personal and based on choice rather than on pleasure received, and so is specified more rigorously than the original concept but makes it less useful (and controversial) for ethical decisions. Utility function Consider a set of alternatives among which a person can make a preference ordering. The utility obtained from these alternatives is an unknown function of the utilities obtained from each alternative, not the sum of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sociology Of Valuation
The sociology of valuation (sometimes "valuation studies") is an emerging area of study focusing on the tools, models, processes, politics, cultural differences and other inputs and outcomes of valuation. Current research The area has strong links to both economic sociology, economic anthropology, social accounting and other critical accounting research. Sociology has had a longstanding interest in value and values, which naturally feeds into an examination of the tools and processes of valuation in society. In terms of economic sociology, Viviana Zelizer and the cultural school of economic sociology can be seen as an early precursor to this area of interest, with following work by her students and postdoctoral researchers (e.g. Olav Velthuis in art), along with Patrick Aspers, Jens Beckert, Marion Fourcade, Michele Lamont, Donald MacKenzie, David Stark and many others. Considerably more could be said on the topic about French sociologists, given the longstanding traditions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Measuring And Managing The Value Of Companies
Measurement is the quantification of attributes of an object or event, which can be used to compare with other objects or events. In other words, measurement is a process of determining how large or small a physical quantity is as compared to a basic reference quantity of the same kind. The scope and application of measurement are dependent on the context and discipline. In natural sciences and engineering, measurements do not apply to nominal properties of objects or events, which is consistent with the guidelines of the ''International vocabulary of metrology'' published by the International Bureau of Weights and Measures. However, in other fields such as statistics as well as the social and behavioural sciences, measurements can have multiple levels, which would include nominal, ordinal, interval and ratio scales. Measurement is a cornerstone of trade, science, technology and quantitative research in many disciplines. Historically, many measurement systems exist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valuation (algebra)
In algebra (in particular in algebraic geometry or algebraic number theory), a valuation is a function on a field that provides a measure of size or multiplicity of elements of the field. It generalizes to commutative algebra the notion of size inherent in consideration of the degree of a pole or multiplicity of a zero in complex analysis, the degree of divisibility of a number by a prime number in number theory, and the geometrical concept of contact between two algebraic or analytic varieties in algebraic geometry. A field with a valuation on it is called a valued field. Definition One starts with the following objects: *a field and its multiplicative group ''K''×, *an abelian totally ordered group . The ordering and group law on are extended to the set by the rules * for all ∈ , * for all ∈ . Then a valuation of is any map : which satisfies the following properties for all ''a'', ''b'' in ''K'': * if and only if , *, *, with equality if ''v''(''a'') ≠ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
P-adic Valuation
In number theory, the valuation or -adic order of an integer is the exponent of the highest power of the prime number that divides . It is denoted \nu_p(n). Equivalently, \nu_p(n) is the exponent to which p appears in the prime factorization of n. The -adic valuation is a valuation and gives rise to an analogue of the usual absolute value. Whereas the completion of the rational numbers with respect to the usual absolute value results in the real numbers \mathbb, the completion of the rational numbers with respect to the p-adic absolute value results in the numbers \mathbb_p. Definition and properties Let be a prime number. Integers The -adic valuation of an integer n is defined to be : \nu_p(n)= \begin \mathrm\ & \text n \neq 0\\ \infty & \text n=0, \end where \mathbb denotes the set of natural numbers and m \mid n denotes divisibility of n by m. In particular, \nu_p is a function \nu_p \colon \mathbb \to \mathbb \cup\ . For example, \nu_2(-12) = 2, \nu_3(-12) = 1, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valuation (geometry)
In geometry, a valuation is a finitely additive function on a collection of admissible subsets of a fixed set X with values in an abelian semigroup. For example, the Lebesgue measure is a valuation on finite unions of convex bodies (that is, non-empty compact convex sets) of Euclidean space \R^n. Other examples of valuations on finite unions of convex bodies are the surface area, the mean width, and the Euler characteristic. In the geometric setting, often continuity (or smoothness) conditions are imposed on valuations, but there are also purely discrete facets of the theory. In fact, the concept of valuation has its origin in the dissection theory of polytopes and in particular Hilbert's third problem, which has grown into a rich theory, heavily reliant on advanced tools from abstract algebra. Definition Let X be a set and \mathcal S be a collection of admissible subsets of X. A function \phi on \mathcal S with values in an abelian semigroup R is called a valuation if it satisfie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valuation (logic)
In logic and model theory, a valuation can be: *In propositional logic, an assignment of truth values to propositional variables, with a corresponding assignment of truth values to all propositional formulas with those variables. *In first-order logic and higher-order logics, a structure, (the interpretation) and the corresponding assignment of a truth value to each sentence in the language for that structure (the valuation proper). The interpretation must be a homomorphism, while valuation is simply a function. Mathematical logic In mathematical logic (especially model theory), a valuation is an assignment of truth values to formal sentences that follows a truth schema. Valuations are also called truth assignments. In propositional logic, there are no quantifiers, and formulas are built from propositional variables using logical connectives. In this context, a valuation begins with an assignment of a truth value to each propositional variable. This assignment can be uniquely ext ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Marxist Theory")
