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Finally, views provide greater data modeling flexibility By using views as an interface to table data, you can alter and reorganize your underlying data model as necessary without breaking any code that assumes an earlier version of the model For example, we can alter our EMPLOYEE and DEPARTMENT tables whenever and however we want while retaining a consistent interface to data about researchers and developers via the RESEARCH_AND_DEV_V view



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In normal day-to-day operations, les will be created and also deleted. When some type of life cycle management is implemented, the le may be stored in several locations: in the secondary archive locations and backup copies. In the same way that le creation could result in these multiple copies, le deletion may require the removal of each or all of the copies.





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PV1: enter FV = 1,000; I/Y = 10; N = 1; CPT PV1 = 90909 PV2: enter FV = 700; I/Y = 10; N = 2; CPT PV2 = 57851 0; I/Y = 10; N = 3; CPT PV3 = 000 PV3: enter FV = PV4: enter FV = 5,000; I/Y = 10; N = 4; CPT PV4 = 3,41507 PV5: enter FV = 2,500; I/Y = 10; N = 5; CPT PV5 = 1,55230 Add up the PVs 3,47977 D Regarding Example 2, what you are really doing is nding the NPV of a series of cash ows: Solution: 0[CF0]; 1,000 CFj; 700 CFj; 0 [CFj]; 5,000 [CFj]; 2,500 [CFj]; 10 [I]; [NPV] $3,47977 7 In ation-adjusted earnings rate A Nominal rate of return investors require is: nominal risk-free rate = (1 + real risk-free rate) (1 + in ation rate) 1 B Real risk-free rate = [(1 + nominal risk-free rate)/(1 + in ation rate)] 1 C Calculate the nominal risk-free rate if the real rate is 5 percent and the expected in ation rate is 3 percent: (105) (103) 1 = 815 percent 8 Serial payments A A serial payment is a payment that increases at some constant rate on an annual basis; the constant rate is usually in ation B The last serial payment will have the same purchasing power as the initial serial payment C Serial payments are not xed payments like annuities; the rst serial payment will be less than an annuity payment, but the last serial payment will be more than an annuity payment D Example 1: Assume Jeff wants to start a business in ve years He needs to have $250,000 (today s dollars) in ve years to nance his business In ation is expected to average 3 percent, and Jeff can earn an 8 percent annual compounded rate on his investments What serial payment should Jeff invest at the end of the rst year Solution: 250,000 FV; 5 N; 0 PV; [(108/103 1)] 100[I]; [PMT] 103 [ ] $46,73678 E Example 2: What is Jeff s payment in the second year Solution: $46,73678 [ ] 103 $48,13888.

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Excessive pricing (real or perceived) Unsatisfactory performance (real or perceived) Change in organization structure Acquisition, merger, or divestiture Implementation of new environment Failure to roll out new environment Poor customer or vendor relations Change in scope or project definition Change in strategic or infrastructure direction Means to initiate renegotiation

1 Basic provisions A Company restrictions Insiders are subject to insider trading rules that limit the sale of stocks by the employee to within six months of the time he or she has been issued the option B Transferability (1) Incentive stock option (ISO) Only the employee may exercise the option during his or her lifetime The employee can transfer only upon death (2) Nonquali ed stock option (NSO) Option is transferable to family members C Retirement (1) Systematic repositioning of the portfolio is a consideration if the stock represents a large percentage of the employee s holdings (2) A method must be devised to raise cash for exercising the options if the employee wants potential future appreciation D Vesting schedule (1) Straight vesting Same percentage of options becomes exercisable each year (eg, 500 options each year)

Modern RDBMSs allow you to store and execute functions and procedures in the database Since they often execute in the address space of the database process, they can be faster than querying the database from an external API The ANSI SQL Persistent Stored Modules (PSM), or SQL/PSM, standard exists as a specification for stored procedure support However, while some databases (such as IBM DB2 version 7) follow this specification, other vendors use their own proprietary language For example, Oracle's Procedural Language (PL/SQL) is roughly consistent with the PSM standard with the addition of some features The same is true with Sybase's Transact-SQL (T-SQL) Confusing matters somewhat is the fact that all major database vendors support mechanisms that allow you to call/load external procedures during query processing Although some vendors feel that such modules are best referred to as "external" and not "stored," not all agree For example, IBM DB2 calls these external routines "stored procedures" In this book, we'll refer to all SQL/PSM-like languages as stored procedures because they're actually stored in the database We'll refer to other functions or libraries that are loaded from the filesystem as external, mainly because they're stored in the filesystem, not the database To see what a stored procedure language actually looks like, consider Oracle's PL/SQL Suppose that we want to use PL/SQL to write a procedure called ISSUE_BONUS that calculates the bonuses of employees in the EMPLOYEE table based on current salary multiplied with a "bonus percentage" If the salary is below some amount, the procedure issues a standard fixed bonus In both cases, the bonus is inserted into another table (called BONUS_HIST) that keeps a record of bonus history for all employees Now, as may be obvious to you, we could meet our goal by writing a query (though it would be a bit bulky and obscure) For purposes of example, however, let's just consider what would be involved in implementing this functionality as a stored procedure Without understanding much about the details of PL/SQL, we can survey some of its key features by looking at Listing 10-1 Listing 10-1 A Stored Procedure for Calculating Employees' Bonuses.

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