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"The fifteenth edition of Business Mathematics has been significantly revised to update the text, improve the discussions, and make the material more relevant to students. The focus on real-world applications has been sharpened. A different well-known company is highlighted at the beginning of each chapter and used throughout the chapter in examples, discussions, exercises, and a case at the end. Each chapter ends with two business application cases that will help students integrate concepts from the chapter. This edition is full of data, examples, graphs, photographs, and news clippings that will help students understand the relevance of the material as it teaches them to interpret data and information. A global perspective is emphasized through examples and exercises that highlight issues in other countries. This book shows students how to use math to solve a wide variety of problems in business and also within families. Primary goals are to develop students' understanding of business, increase their ability to figure out how to work many different kinds of business problems, and motivate them using many actual business applications to which they can relate"--
The success of business today is dependent on the knowledge and expertise of its employees. The need for mathematics arises naturally in business such as in the work of the actuary in an insurance company, the financial mathematics required in the day-to-day work of the banker and the need to analyse data to extract useful information to enable the business to make the right decisions to be successful. A Guide to Business Mathematics provides a valuable self-study guide to business practitioners, business students and the general reader to enable them to gain an appropriate insight into the mathematics used in business. This book offers an accessible introduction to essential mathematics for the business field. A wide selection of topics is discussed with the mathematical material presented in a reader-friendly way. The business context motivates the presentation. The author uses modelling and applications to motivate the material, demonstrating how mathematics is used in the financial sector. In addition to the role of the actuary and the banker, the book covers operations research including game theory, trade discounts and the fundamentals of statistics and probability. The book is also a guide to using metrics to manage and measure performance, and business economics. Foundations on algebra, number theory, sequences and series, matrix theory and calculus are included as is a complete chapter on using software. Features • Discusses simple interest and its application to promissory notes/treasury bills. • Discusses compound interest with applications to present and future values. • Introduces the banking field including loans, annuities and the spot/forward FX market. • Discusses trade discounts and markups/markdowns. • Introduces the insurance field and the role of the actuary. • Introduces the fields of data analytics and operations research. • Discusses business metrics and problem solving. • Introduces matrices and their applications. • Discusses calculus and its applications. • Discusses basic financial statements such as balance sheet, profit and loss and cash account. • Reviews a selection of software to support business mathematics. This broad-ranging text gives the reader a flavour of the applications of mathematics to the business field and stimulates further study in the subject. As such, it will be of great benefit to business students, while also capturing the interest of the more casual reader. About the Author Dr. Gerard O'Regan is an Assistant Professor in Mathematics at the University of Central Asia in Kyrgyzstan. His research interests include software quality and software process improvement, mathematical approaches to software quality, and the history of computing. He is the author of several books in the Mathematics and Computing fields.