louas iris policies

Monday, May 26, 2008

Hanging Gardens of Babylon

The Hanging Gardens of Babylon is also known as the Hanging Gardens of Semiramis near present-day Al Hillah in Iraq, formerly Babylon are precise one of the original Seven Wonders of the World. They were built by Nebuchadnezzar II approximately 600 BC. He is reported to have constructed the gardens to please his wife, Amytis of Media, who longed for the trees and aromatic plants of her homeland.The gardens were damaged by several earthquakes after the 2nd century BCE.

The lush Hanging Gardens are broadly documented by Greek historians such as Strabo and Diodorus Siculus. Through the ages, the location may have been confused with gardens that exist at Nineveh, since tablets from there clearly show gardens. Writings on these tablets explain the possible use of something similar to an Archimedes' screw as a process of raising the water to the necessary height.

Sunday, May 18, 2008

Mountain

A mountain is a landform that extends over the nearby terrain in a limited area. A mountain is normally steeper than a hill, but there is no commonly accepted standard definition for the height of a mountain or a hill though a mountain typically has an exacting summit.

Mountains are on the whole given as heights over mean sea level. The Himalayas generally 5 km above sea level, at the same time as the Andes average 4 km. Most other mountain has 2 – 2.5 km. The peak mountain on Earth is Everest, 8,848 m (29,028 feet), locate in the world's most vital mountain range, the Himalayas.

Sufficiently big mountains have particularly different climatic conditions at the top than at the base, and will thus have different life zones at different altitudes on their slopes. The plants and animals of a sector are to some extent lonely when the zones above and below are harsh, and numerous unique species take place on mountainsides as an end result. Great cases are identified as sky islands. Cloud forests are forests on mountain sides which are a focus for moisture from the air, and thus creating a single ecosystem. Very tall mountains may possibly be enclosed in ice or snow.

Sunday, May 11, 2008

Economic order quantity

Economic order quantity is that stage of inventory that minimizes the total of inventory holding cost and ordering cost. The framework used to decide this order quantity is also known as Wilson EOQ Model. The model was developed by F. W. Harris in 1913. But still R. H. Wilson is given credit for his early in-depth study of the model.
Underlying assumptions
The ordering cost is constant.
The annual (or monthly or whatever periodicity you desire, here we will use annual) demand for the item is stable over time and it is known to the firm.
Quantity discounts doesn't exist. The order is received immediately after placing the order.

Sunday, May 04, 2008

Swaption

A swaption is an option granting its owner the right but not the obligation to enter into a fundamental swap. Although options can be traded on a diversity of swaps, the term "swaption" typically refers to options on interest rate swaps.
There are two types of swaption contracts:
A payer swaption gives the owner of the swaption the right to come into a swap where they pay the fixed leg and obtain the floating leg.
A receiver swaption gives the owner of the swaption the right to enter into a swap where they will receive the fixed leg, and pay the floating leg.
The buyer and seller of the swaption agree on:
The premium (price) of the swaption
the strike rate (equal to the fixed rate of the underlying swap)
Length of the option period (which frequently ends two business days prior to the start date of the underlying swap),
the term of the underlying swap,
Notional amount,
Amortization, if any
Frequency of settlement payments on the underlying swap.