There is a recurring problem of cost overrun on mega engineering projects with a budgeted cost of $1 Billion or more. Examples of mega projects include dams, hydro electric projects, and high speed rail projects. The basic reason for cost overrun can be attributed to underestimation of project cost, increases in material and labor […]

Throughout the 1980s and 1990s, while coastal ‘Special Economic Zones’ and ‘Open Cities’ flourished in eastern China, western regions still languished in relative poverty. To bridge this gap, Chinese authorities launched an ambitious development campaign in 2000: the “Western Development Program”, aimed at bringing domestic and foreign investment, expertise and capital into the vastness of western China. As China struggles […]

Depression is expected to become the second leading cause of disease burden worldwide by the year 2020. Cognitive Behavioural Therapy (CBT) is one of the most effective methods of treatment for depression. CBT may be less effective, or ineffective, in the setting of patients in receipt of disability benefits who are likely to, on average, […]

  Our objectives are to research, develop, test, and implement: 1. New yield curve construction and smoothing algorithms and improvements to standard curve construction algorithms, in particular, that are better adapted to illiquid markets such as Mexico, Israel, etc. 2. We seek fully automated real-time curve construction algorithms, which will allow for traders to use and data vendors to […]

This work can serve as the foundation of relative value strategies and portfolio sensitivity analysis. This project research on building a strategy for analyzing the sensitivity of mortgage backed securities (MBS) pool pricing to changes in financial market and underlying security characteristics, such as the property value of the underlying real estate. There is a […]

  From 1989 to the present, JFSA has been providing community based Resettlement and Employment Services to immigrants from many parts of the world. The main languages that the services are delivered in are Russian, Hebrew and English. The Resettlement program assists Immigrants in navigating the resettlement, integration, immigration and employment processes. Newcomers are assisted and supported in their […]

  The research focuses on governance in outsourcing relationships While the outsourcing industry grows at double digit rates, satisfaction with outsourcing arrangements could certainly be improved. Often the source of dissatisfaction, governance is a broad term that includes formal issues such as contracts and service level agreements, as well as informal issues such as relationship management and trust. The […]

There are currently many challenges facing Newfoundland’s inshore fishery including low prices and low landings for many key species. A sustainable fishery is an essential but undervalued element of the tourism experience in the Gros Morne/Bonne Bay area, as well as being important to the longer-term sustainability of local communities. At a recent Fisheries/Tourism Forum […]

Organizations face increasing pressure to articulate organizational risk appetite/tolerances but are not adequately equipped to do so. To remedy this problem, this project addresses how an organization should determine and express its risk appetite and tolerances. It employs qualitative research methods to integrate diverse theory, practice and policy literatures with the partner organization serving as […]

Default correlation analysis has an important role in asset pricing and credit risk management. Our proposed default model aims to analyze the default correlation for two international companies. In this analysis, we would like to incorporate existing correlation between the stock indices in different countries and study its effect on the default correlation measure. Moreover, […]

This project will analyze and research explanations for differences in economic outcomes and retention rate between immigration classes, with a special focus on the British Columbia Provincial Nominee Programs. The study will emphasize on comparisons between Provincial Nominees and other economic immigrants, between immigrants from different classes with strong human capital characteristics, and between immigrants […]

Regulatory change, driven in part by the recent credit crisis, has created demand for banks to undertake a highly intensive risk calculation known as Credit Valuation Adjustment (CVA). CVA is essentially the price of an insurance contract covering the bank’s losses in the event that one of its trading counterparties defaults. QuIC, the sponsor of […]