The paper describes model of a new type for valuation of risky bonds and loans that we call Bayesian Multi-Period (BMP) model. BMP is neither structural model nor reduced form and not a Merton-type model at all. BMP proceeds from concept of a risky bond (loan) value as Net Present Value (NPV) of a cash flow, generated by a bond. For a defaultable bond NPV is random value, and BMP identifies “fa...

The objective of this paper is to investigate the impact of factors that contributes to the success of engineering and embedded systems outsourcing in complex product development and to develop an outsourcing framework for collaborative product development in aircraft programmes in India. Based on the review of literature on complex product development and strategic outsourcing, the potential f...