The Dad Dictionary: A Complete Guide to Those Dad Words & Phrases That Go in One Ear & Out the Other

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The Dad Dictionary: A Complete Guide to Those Dad Words & Phrases That Go in One Ear & Out the Other

Manufacturer: Hallmark Cards
ProductGroup: Book
Binding: Paperback

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ASIN: 0875296378

Book Description

Designed to form the basis of an undergraduate course in mathematical finance, this book builds on mathematical models of bond and stock prices and covers three major areas of mathematical finance that all have an enormous impact on the way modern financial markets operate, namely: Black-Scholes’ arbitrage pricing of options and other derivative securities; Markowitz portfolio optimization theory and the Capital Asset Pricing Model; and interest rates and their term structure. Assuming only a basic knowledge of probability and calculus, it covers the material in a mathematically rigorous and complete way at a level accessible to second or third year undergraduate students. The text is interspersed with a multitude of worked examples and exercises, so it is ideal for self-study and suitable not only for students of mathematics, but also students of business management, finance and economics, and anyone with an interest in finance who needs to understand the underlying theory.

Customer Reviews:

Mathematics for Finance: A useful tool for the unskillled investor.......2007-03-19

I enjoyed reading the book and solving exercises in it. I have a Ph.D.in chemistry and my wife and I did our his and her's MBA in the 1990s. I wanted to learn more concepts in finance and needed an easy entry, something I could enjoy, and without spending much money. The book by Capinski came recommended from a friend who teaches Economics at Cal State. I can speak for myself: I feel reasonably informed and I feel the book gave me concepts I can use to handle my own portfolio.

In the future, this text should be offered with an interactive CD that contains Xls, matrix, calculus, and graphing capabilities so one (I) can visualize the outcomes of proposed solutions.

Incoherent.......2007-01-18

Anyone can scribble a bunch of equations on paper and call it a book. Without sufficient context, they are useless.

Insufficient and disappointing. Not even a good introductury text........2006-05-15

As a graduate student in Financial Engineering I have found this book useless.
The title of the book is "Mathematics for Finance", but can you find in it even an elementary introduction to the stochastic processes? No. Ditto for the Ito's lemma and many other topics. The derivation of the Black Scholes formula is just sketched, and the insight that you can get from it is very limited.

Nevertheless, I wouldn't mind these limitations if this book provided a clear introduction to more advanced topics: unfortunately this book is not good even in that. In comparison to other textbooks the theorems and definitions are convoluted and do not go straight to the point. For example, in Shreve's "Stochastic Calculus for Finance" or Baxter & Rennie "Financial Calculus" the Fundamental Theorem of Asset Pricing is stated in this way: "In a market with risk neutral probability there is no arbitrage". Can you find such a simple and explanatory definition in Capinski's book? Not at all. The theorem at page 83 (you can see it yourself by searching inside the book) basically says the same thing using 8 lines of text and little financial intuition.
The only good thing that I can say about this book is that all exercises are resolved.
Overall, "Mathematics for Finance" has been a big disappointment: it doesn't have either the mathematical depth of Shreve's books or the conciseness in explaining financial concepts of Baxter & Rennie.
Whatever is the level of education that you are pursuing, graduate or undergraduate, I don't see any point in using it.

Great Book for Undergrad Quants.......2005-08-29

Mathematics for Finance (An Introduction to Financial Engineering) is a book intended for undergrad students "IN MATHEMATICS" or other discipline with a relative high mathematical content.

The book assumes some basic notion of Calculus and Probability Theory and it is focused more on the mathematics than in its theory and application of Finance. If you are looking to dwell into the mathematics (Proof of Equations) this is a great book, but if you are looking for a book that is rich in theory and in application then you should consider "Option, Future and Other Derivatives" or "Quantitative Methods for Finance" as an alternative. Both books are "a most" for any finance student and are of great help. Now if you want an introduction into the mathematics behind Finance then this book is a perfect purchase.

Important to state that all the problems presented in this book are solved meaning that it is great for self teaching. Marek Capinsi and Thomas Zastawniak have done a great job on this book.

I gave it four stars, because it has room for impovement.

Joining the chorus.......2005-08-03

I can only echo the other reviewers. As far as I can tell this book has no serious competition. This is an excellent introduction to mathematical finance for those with a solid undergraduate level understanding of higher math but without graduate level exposure. I agree that it is ideal for self study as that is exactly what I am using it for. The price is right especially in contrast with its overpriced brethren. Five stars!

Statistics of Financial Markets: An Introduction (Universitext)

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Great intutive introduction to stochastic calculus
Great introduction to the Value at Risk measures

Statistics of Financial Markets: An Introduction (Universitext)
Jürgen Franke , Wolfgang Härdle , and Christian M. Hafner
Manufacturer: Springer
ProductGroup: Book
Binding: Paperback

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ASIN: 3540216758

Book Description

Statistics of Financial Markets presents in a vivid yet concise style the necessary statistical and mathematical background for Financial Engineers and introduces to the main ideas in mathematical finance and financial statistics. Topics covered are, among others, option valuation, financial time series analysis, value-at-risk, copulas, and statistics of the extremes.

The underlying structure of the book, i.e. basic tools in mathematical finance, financial time series analysis and applications to given problems of financial markets, allows the book to be used as a basis for lectures, seminars and even crash courses on the topic.

A full set of transparencies can be downloaded using the registration card at the back of the book. The registration card also allows the use of the e-book version with links to world wide computing servers.

Customer Reviews:

Great intutive introduction to stochastic calculus.......2006-06-17

This book was such a relief after going through tens of books/lectures notes on stochastic calculus. Most math books give the theory behind Ito calculus (martingales, measure theory etc.), but fail to give the motivation and reasoning behind abstract definitions. This book does an excellent job in deriving many seemingly-complicated math formulas (or, theorems) using intuitive terms. It is an excellent read for people who have a reasonable background in probability theory, and are wishing to learn stochastic calculus (plus finance). I strongly recommend it to anyone who wants to learn the rudiments of Ito integral and see its applications in finance.

Great introduction to the Value at Risk measures.......2005-10-14

Got the friendly yellow paperback version. The book is in three major parts; Options, Time series and then Value at Risk.

The first section starts out well with an overview of Stochastic Processes and then moves on to Stochastic Integrals and Differential Equations. All of this is motivation to help with the pricing of Options, starting with European, then American and moving onto Exotics and Bond Options. It covers all the major points, though it is a little limited in the Exotics, it does have a good references to more thorough works.

The second section on time series works with ARIMA, ARCH and GARCH models.

The third section (labeled Selected Financial Applications) is mostly about the VAR though is has some really good commentary on the Volatility of Option Portfolios.

An added bonus is that you can download the PDF version of the book, and all the data for the examples from the web, with quite a neat one-time license.

I would recommend this book to people needing a good overview of the subjects listed above, and as a handy reference.

The Finances of Engineering Companies: An Introduction for Students and Practising Engineers

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The Finances of Engineering Companies: An Introduction for Students and Practising Engineers
Alan James Reynolds
Manufacturer: Butterworth-Heinemann
ProductGroup: Book
Binding: Paperback

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ASIN: 0340568283

Book Description

Students from all engineering disciplines, as well as professional engineers, need to understand company finance in order to work effectively within commercial organisations. Corporate finance is therefore an essential aspect of the education of every engineer.

Written by an engineer, this innovative book provides a course in company finance, illustrated with numerous case studies of well-known engineering companies - including Rolls Royce, ICI, British Aerospace, Ferranti, Ford, Glaxo, GEC, British Steel, PowerGen and others. General principles are related to the affairs of specific companies, thus giving an effective overview for the busy engineer.

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Old Secrets Revealed

What happened at Ft Hunt?

A first American view

Useful but incomplete history of a Super Secret Activity

A look into how we helped our men in German POW camps.

The Escape Factory: The Story of Mis-X
Lloyd R. Shoemaker
Manufacturer: St Martins Mass Market Paper
ProductGroup: Book
Binding: Paperback

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Code-Name Bright Light: The Untold Story of U.S. POW Rescue Efforts During the Vietnam War

ASIN: 0312925727

Customer Reviews:

Old Secrets Revealed.......2007-05-08

The `Foreword' explains the origin of MI-9, the agency who trained armed forces how to behave if captured, and how to send secret messages from prison camps. Later they helped to create MIS-X for American forces. Their mission was to conceal maps, cameras, and radio sets in innocent objects for prisoners of war. Today no records of MIS-X exist (p.xiii); they were all destroyed after the end of WW II. But a few were able to recall details to recreate this history. Three years after WW II ended they could not locate this information for the impending Korean War (p.2). Fort Hunt was set up close to Washington as an interrogation camp for enemy prisoners. This operation had the highest secrecy possible (p.15), greater than the A-bomb project (p.20).

Chapter 4 explains the fictitious charity groups and the parcels sent to POWs. The Post Office cooperated (p.31); so did the Ration Board and manufacturers (p.32). Once a POW guard accepted a bribe, he could be blackmailed to provide information (p.49). Red Cross parcels prevented starvation (p.54). The dollar figures date this book. You could travel from Washington to Cincinnati overnight by rail (p.105). There are no details on the four items needed for a transmitter (p.104). Detailed maps were hidden in a pack of playing cards (p.110). Chapter 13 tells how pistols were smuggled into Oflag 64. The planned break-out and rescue by B-17s was canceled as too risky. There was a danger in buying more than one camera (p.132). Germany banned radios for Allied POWs; America gave radios to German POWs for their education (p.159). Fliers had to carry pistols now for protection against civilians (p.161).

Colonel Spivey asked for bombing missions so he could determine the reason for high losses. Gunners were ignoring their gunsights (p.190)! A smuggled German-lettered typewriter was used to forge passes and IDs (p.191). As Germany was losing the war there were threats to murder the POWs (p.193). Shipments stopped in Nov 1944 because they expected the war to end soon, the POW camps were well-stocked, and German transportation was ruined. In Aug 1945 they were ordered to destroy all records. Food items went to the Salvation Army, clothes and games to Walter Reed. [If this story skimps at times its because there were no written records.]

The `Afterword' explains the origins of this book. He found the current location of the MIS-X Pentagon papers. But they were destroyed by a fire (p.213). Little is known about MIS-X activities in the Pacific theater. Unlike Europe, a Caucasian could not hide among Asian people, he had to stay hidden. Japan mistreated POWs even after being warned (p.219).

What happened at Ft Hunt?.......2001-03-13

This book is a must read for those of us touched by Ft Hunt in some way. Also WW II and history buffs.

I grew up very close to Ft Hunt, and spent literally hundreds and hundreds of childhood hours there, riding bikes, exploring the fortifications, building dams on the little creeks, hiking the bridle trail (back when you could rent horses at the stables at the end of what's now Elkins Rd) and discovering all of its secret areas. Originally all of the buildings and fortifications in the area were secure, firmly boarded up with very stout 2x6's or 2x8's. But the "big" kids would find ways to break into these areas, and then we would all discover the remnants of what had been left behind when the military had given Ft Hunt to the National Park Service for recreational use.

The scenario was typically, the big kids would manage to pry a couple of the boards from a doorway. We "little" kids would come upon the opened doorway usually not more than about a day later, and of course be very excited to explore new areas...this was like Dungeons and Dragons but for real, where the (mostly) underground rooms were very intriguing. There were rumors of crates of rifles and even a secret tunnel under the Potomac to Ft Washington that we searched for relentlessly.

At the time Ft Hunt still had its original road system, and several large two story frame houses that had been officers' quarters. And there were all of the other buildings to house the facilities of a small military outpost. But no area was sacred from tenacious and unsupervised youths in search of adventure.

I brought home all kinds of things, like alarm buzzers, gas masks, and old electrical fixtures. I even brought home a baby skunk whose family I found living behind the concrete steps that led up to a one-story frame building we used to call the "schoolhouse". The skunk is another story though. At some point boards were removed from the schoolhouse doorway and very soon thereafter we little kids found the breach.

The schoolhouse contained a treasure unbelievable to a 10 year old's eyes. Looting was in season! There were all manner of research books (a complete set of Britannica from 1893), neat equipment, like a full Fairchild stereoscope and air photos, 35mm films, etc. Much to my parents chagrin, I began carting home as much as I could. My excuse for stealing? Well, all this stuff was abandoned, and if I didn't take it, the next guy would. If only I knew what the real treasure was at the time! This was definitely some the stuff used in the MIS-X operation.

After the schoolhouse door was breached, it couldn't have been more than a couple of days, a bulldozer came, pushed the schoolhouse into a pile, and it was torched. (This happened in about 1960, which disputes the claims that all "evidence" was destroyed within the decade of the 1940's.) In all of our time having our great adventures, we had never seen any action taken over anything, but the schoolhouse was different. It happened fast. I can remember, because I wanted to retrieve some more loot, but we got to watch the bulldozer instead. And The Escape Factory explains why. It also explains why, when I was a child, I would hear stories about German soldiers who had been brought to Ft Hunt for interrogation. Apparently more than one had escaped and showed up wandering the area, looking for food. Reportedly one was employed at a nearby farm for several months.

For years I wondered about many of the things I had run across at Ft Hunt. Now the story has been told.

A first American view.......2000-05-04

One of the first American views of the MIS-X program. Previously the British have written about their experiences from the MI-9 and MI-19 perspective. Much of the work of this unit has been still kept classified. There was some unit activity in Southeast Asia and elsewhere in Japanese controlled POW camps. My grandfather was one of the unit's commanders and later CO of Fort Hunt at the end of the war.

Useful but incomplete history of a Super Secret Activity.......1998-09-24

MIS-X was the branch of U.S. Army G-2 which was in charge of furnishing escape aids and aiding the active escape measures of U.S. service personnel captured by the enemy in aWW II and kept in POW camps. The "ratlines" or escape networks were often run in cooperation with the British agency MIS-9 (cf M.R.D. Foote's book MIS-9). As in other cases the British were the "big brothers" who taught our clandestine operators. This was as much true of the brotherhood of the British SOE and the United State's OSS as the brotherhood of MIS-9 and MIS-X.
Why the operations of the E and E agencies required such highly kept secrecy, lasting in this country until the last ten years, was the necessity for the Germans not having even a hint of the special equipment smuggled in via Red Cross relief packages, all unknowingly by the latter of course, nor could the Germans be allowed to penetrate the "ratlines". Of course, the latter did happen, with unfortunate results to our side but they never knew of MIS-X.
After the war ended the headquarters of MIS-X which was colocated with the POW interrogation facilities at Fort Hunt, Va, was razed to the ground and plowed under and the heavy non-destructible equipment shipped to salvage yards and junked (presses, etc) and the soft goods such as escape checkerboards and radios concealed in baseballs were all to be destroyed.
Five years later when the Korean War broke out, the institutional memory was gone. A few heavily sanitized but still classified documents held in outside files ended up in the Suitland facility of the Federal Records Office but few knew what they meant and they did not talk. Compared to the Manhattan Project or the breaking of codes this project was a ten compared to their eight.
Although most of the WW II prisoners in contact with MIS E&E (both services) were air personnel the agency was part of the Army Chief of Staff's G-2, Intelligence, not Army Air Corps intelligence. Thus the individuals assigned to MIS were from many branches of the Army.
Shoemaker himself spent most of his service time at Fort Hunt in support and development. His book is mostly from memory with the aid of some of the highly chopped up documents. The story in this account is excellent for the war againt Germany. It is incomplete and inaccurate for the war against Japan.
First, the Japanese were not interested in taking care of prisoners except where they could be made to work, second, there was no place to go if you did escape, except in the Phillipines, and third, MIS-X did not operate in the SW Pacific or Central Pacific theatres and most of the CBI Theatre was either British responsibility or uncovered. In China the MIS-X operated independently. For an account by the man in charge of that unit see the recent work by Wichtrich, [u]MIS-X: Top Secret[/u]. (also on this site)
Lastly, the "jungle living" and other courses given to personnel shot down in the tropical areas were given by theatre personnel and were organizationally the responsibility of the Army Air Force's Air Surgeon General and the flight surgeons of the Naval Aviation forces. "Survival" in primitive areas was not an MIS responsibility.

A look into how we helped our men in German POW camps........1995-08-25

A differnt look at the POW situation suring the secondworld war. This is the story of a small but efficentoperation to smuggles supplies to American POW's inside camps in Germany. What was smuggled, how it was done, and how the prisoners communicated their wishes back home without German knowledge. This is really James Bond type stuff in World War II. A nice read with good information.

The X Factory: Inside the American Hardcore Film Industry

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not the best book on adult films
Refreshing lack of sensationalism
Complete Rubbish

The X Factory: Inside the American Hardcore Film Industry
Anthony Petkovich
Manufacturer: Critical Vision
ProductGroup: Book
Binding: Paperback

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ASIN: 1900486245

Book Description

Since 1972 and the release of Deep Throat, the business of making commercial hardcore feature films has grown dramatically. Thousands of films are produced every year. Yet for the most part the industry remains a mysterious commodity, with the people behind it still seen as unscrupulous, vaguely threatening figures.

Now the record is put straight with The X Factory, an eye-opening trip into adult feature films courtesy of interviews, on-the-set reports and a visit to the World's Biggest Gang Bang 2.

"The best peep-show coverage of the porn-video business."-Screw

Customer Reviews:

not the best book on adult films.......2007-03-19

I have read alot of books on the subject of adult films and this was not one of the best. Its not that its a bad book its just that anyone with web access can read interviews in the same vein with all the porn stars they want. A good Hustler interviewer asks the same questions (i.e. whats your fave position etc). Its one saving grace is the interviews with directors and behind the scenes personnel. If your looking for a good book on porn check out The Other Hollywood or Skinflicks both are great histories of porn films.

Refreshing lack of sensationalism.......2005-08-16

I've actually worked in the adult industry (I work at a production company) for 10 years, and I've read a lot of books and articles about it. I think this book is the one I enjoyed the most.

It offers insights into the personal lives of some of the legends and stars of the adult industry. While it does go into some of the downfalls (drugs, social stigmas, etc), it does so in a realistic manner, rather than a sensationalistic way that modern media is SO apt to do with this subject.

(For what it's worth, I've also read The Other Hollywood, and I know a lot of the people who were interviewed in it, and a lot of them say that their stories and words were twisted around severely.)

So if you want a realistic view of a business that holds a lot of mystery, you might want to give this X Factory one a try.

Complete Rubbish.......2003-09-19

I was so happy to get this book! I am obsessed with "behind the scenes" of tawdry subjects like this, and I had high hopes.
We all know what "X" films are like. This book was supposed to explain things we don't already know about, such as how the actors got into the business, how they feel about it, how much they make, etc.
This book is merely a compilation of interviews, nothing more. The author asks the "stars" what their favorite "scenes" are to perform, and describes the physical attributes of the "stars" with great relish.
Not only is the the absolute worst "documentary" type book I have ever read, it isn't even worth anything as a "X" type read!
I was appalled. I threw this piece of crap in the garbage.
A complilation of interviews that this author didn't even bother to weave into an interesting narrative.
DO NOT waste your time. If you are also oddly fascinated by the real behind the scenes of this type of thing, check out "Brothel: The Mustang Ranch and it's Women." That was an absolutely fascinating read.
Don't bother with this one unless you want to read about the "stars" favorite "scenes" and read about how good they look and how well endowed they are. Hey, we already knew that. If that was what we wanted, we could rent the actual "X" movie. I don't need this guy to tell me!

X-Ray Instrumentation for the Photon Factory: Dynamic Analyses of Microstructures in Matter

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X-Ray Instrumentation for the Photon Factory: Dynamic Analyses of Microstructures in Matter

Manufacturer: Springer
ProductGroup: Book
Binding: Hardcover

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ASIN: 9027722439

FotoWare Color Factory: System installieren - Funktionen optimal nutzen (X.media.press)

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FotoWare Color Factory: System installieren - Funktionen optimal nutzen (X.media.press)
Uwe Pfeifer
Manufacturer: Springer
ProductGroup: Book
Binding: Hardcover

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ASIN: 3540374639

Book Description

Kostensenkung durch Automatisierung ist ein wichtiges Thema in allen Reproabteilungen. ColorFactory von FotoWare ist ein Programm, das auf diesem Gebiet Enormes zu leisten vermag. Knackpunkt ist eine effiziente Konfiguration der Software. Dieses Buch soll dem Anwender, der das Produkt bereits lizensiert hat, helfen, seine Konfigutation zu optimieren und Denkanstäße für Lösungen bieten. Der Interessent, der über den Color Factory-Einsatz nachdenkt, erhält einen Überblick über die Leistungen und Einsatzmöglichkeiten des Programms. Eine anschauliche Darstellung der Features ermöglicht es, die Information schnell aufzunehmen. Schwerpunkt bildet die automatisierte Bildbearbeitung, die ein sehr hohes Einsparpotenzial hat.

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The Northern Ceramic Society Newsletter

Manufacturer: The Northern Ceramic Society
ProductGroup: Book
Binding: Pamphlet
ASIN: B000OB2B3O

Polyp the Hunter: The X-Phase (Sin Factory)

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Polyp the Hunter: The X-Phase (Sin Factory)
Kunislayer Shujo
Manufacturer: Radio Comix
ProductGroup: Book
Binding: Paperback

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ASIN: 0970791070

Book Description

For years, Kunislayer Shujo's sexy adult manga stories have thrilled thousands of readers in Milk and on the Slipshine adult comic site. Now, this saucy tale is collected into one handy volume! Polyp is just your average bounty hunter, with a taste for kinky adventure - and in this book, she finds it in spades! Lesbian encounters, bondage, huge orgies - nothing will stop this bodacious babe from getting her money shot. 128 pages of soaking wet shiny fun! From the Sin Factory imprint of Adults Only material. This publisher is a new client to Diamond Book Distributors!

Scoobydoo and the Fantastic Puppet Factory (Scooby-Doo! 8 X 8)

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Scoobydoo and the Fantastic Puppet Factory (Scooby-Doo! 8 X 8)
Jesse Leon McCann
Manufacturer: Tandem Library
ProductGroup: Book
Binding: School & Library Binding
ASIN: 0613268520

Book Description

Finding a missing cat seems like a simple enough case for the Scooby gang - until the search leads to an abandoned puppet factory! There's something a little creepy about these mechanical moppets...For starters, they talk and walk all by themselves.

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X Factory
Anthony Petkovich
Manufacturer: Headpress
ProductGroup: Book
Binding: Paperback

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ASIN: 0952328879

Assessment of cleaner production options for alcohol industry of China: a study in the Shouguang Alcohol Factory [An article from: Journal of Cleaner Production]

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Assessment of cleaner production options for alcohol industry of China: a study in the Shouguang Alcohol Factory [An article from: Journal of Cleaner Production]
H.C. Guo , B. Chen , X.L. Yu , G.H. Huang , L. Liu , and Ni
Manufacturer: Elsevier
ProductGroup: Book
Binding: Digital

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ASIN: B000RR5RZY

Book Description

This digital document is a journal article from Journal of Cleaner Production, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
The alcohol industry in China makes an important contribution to the national economy. However, the associated pollution problems cause gradual deterioration of the ambient environment and adverse impacts on the local community. Cleaner production (CP) technology, as an effective way to reduce waste emission and save resources, has been widely employed in the alcohol industry across the developed countries. In China, although such technologies have been applied in a number of factories, an integrated assessment and implementation procedure is lacking for proceeding with practical CP technologies for alcohol factories in China. To solve such problems, a series of cleaner production options are proposed and assessed in this study. Five groups of CP options were screened, on factory survey, expert questionnaires, and integrated assessment. With the consideration of environmental impacts and economic efficiency, four CP options combined with various advanced CP technologies, such as high-concentration wort fermenting, CO"2 reuse, different pressure distilling, methane and fertilizer production, were proposed. To verify the proposed options, a case study was carried out in the Shouguang Alcohol Factory (SAF), East China. The characteristics of resources consumption and waste emission during the production process were identified. A comprehensive evaluation of the proposed options was conducted from different aspects. An integrated cleaner production system based on the proposed options was formed and then implemented in the factory. Through the four years of practice, the productivity/quality of alcohol product were improved, but and the reduction of waste and pollution were achieved as well as a marked increase in water/energy savings. This study provides theoretical and practical support for extensive application of cleaner production technologies and sustainable development in the alcohol industry of China. China.

Comparative approaches to equipment scheduling in high volume factories [An article from: Computers and Operations Research]

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Comparative approaches to equipment scheduling in high volume factories [An article from: Computers and Operations Research]
X. Zhang , and J.F. Bard
Manufacturer: Elsevier
ProductGroup: Book
Binding: Digital

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ASIN: B000RR7RXY

Book Description

This digital document is a journal article from Computers and Operations Research, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
Mail processing and distribution centers (P&DCs) are large factories that accept, sort, and sequence mail in preparation for delivery. A central problem in these facilities is how to schedule the equipment over the day to ensure batch production under tight equipment and workforce constraints. The problem falls into the general category of multi-level lot sizing and is notoriously difficult to solve. No exact algorithms exist that are efficient and can consistently provide high-quality solutions. In the paper, we investigate two specialized approaches for solving this problem. The first is a piece-by-piece LP-based heuristic and the second is a Benders decomposition. The heuristic uses the LP fractional solution as a target and attempts to find an integer solution that is as close to it as possible by minimizing the L"1-norm. The procedure consists of solving the LP relaxation of the original model and two reduced mixed-integer programs. The process is similar to what has been called 'piece-by-piece decomposition' in nonlinear programming. While the goal there is to find better initial starting points for the nonlinear code, our goal is to improve solution quality. Computational testing using data provided by the Dallas P&DC confirmed the superiority of the piece-by-piece LP-based heuristic with respect to branch and bound, which proved to be computational expensive, and the Benders algorithm which took several hours to find feasible solutions. In general, the LP-based heuristic was an order of magnitude faster than branch and bound and provided solutions that were able to process more than 99.75% of the daily volume.

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