Handy Tips to Buy Electronic Items

If someone wants to purchase a latest model of certain electronic gadget it might come pretty expensive unless you know how to bag the deal comfortably and conveniently. One of the most comfortable methods to buy electronics items is to search for availability for the said product or similar product range in the online websites. There are several websites where the items can be purchased in competitive price range and with all other allied advantages like free shipping, inbuilt warrant, or cash-back on dissatisfaction etc. from consumer point.

One of the main criteria to buy electronics item is to think and consider the utility of the purchase. Sometimes the retailers impose selling trick for high-priced accessories, which hardly has any utility function in the operating function of the main gadget. Sometimes the offer of extended warranty is also added to the purchase price of an item and thus makes the price range higher; in these cases it is wise to discard the option for extended warranty because most of the consumer electronics product play well within the warranty period and at the end of the warranty period, if any servicing is required, it will come up in equal cost of the extended warranty value.

In many cases we get attracted for the consumer finance schemes as declared by the retailers and without proper calculation of the rate of interest, processing fess, and monthly installments together we plunge into the purchase option and incur great monetary loss at the end of the tenure of the finance schemes. Therefore, it is wise to calculate all the costs involved with an electronics purchase finance scheme and also it is wise to know the hidden costs related to this finance scheme before any deal to buy electronics items via consumer purchase scheme.

We often get apparently lucrative offers from the credit card companies to enjoy some privileges on purchase schemes for some electronics items. These schemes, although sounds lucrative but prove costly because it is being incorporated with high rate of interest which comes as added price value for the tag value of the said electronics item. Before going for any electronics item purchase scheme it is always better to judge the scheme from other side of the offer to be on the safer side of the deal.

When quality service is the only criteria to buy, one can consider purchasing open box or refurbished item. Open box items are sold- back items working in perfect condition. Refurbished items are repaired items. Both types of electronics items are available in lesser price and generally render good service like a first-hand purchase. However, it is always recommended to buy electronics items of these categories from a reliable retailer so that in case of complaint the customer can rely on their service.

The selection of retailers marks great difference in electronics purchase; some online shops offer good discounts on electronics items in stock. However, electronics gadgets are available out of cheap rate from warehouse club sale; it is always wise to review and compare the features of an electronics item before making a final decision

2 Tips For Success With EMR Software Financing

In the times of paperless office all kinds of written records and paperwork are being replaced by computerized data stored in computers and hard disks. Technology is advancing fast and the medical industry is one of the primary industry’s to fall prey to the invasion of technology. However as everything goes online so does the cost of running and managing everything electronically. For this purpose there is the Electronic Medical Record (EMR) financing which can help you to avoid unnecessary expenditures and aid you in planning out your expenditures at every step.

Once you have found your financing solutions there are two things you need to heed to in order to make the best of opportunities.

1. Customized Financing Plan-Like most of the things in your hospital you might want your software financing plans to go smoothly and not exceed your budget. However, in that case you might have to opt for customized software which will be customized to serve your institution with regards to its needs and requisites but this will also be expensive than the standard softwares.Therefore, even when you are looking for a financing option that will be an excellent aid to incurring costs at your medical institution and also not be very expensive, you should keep in mind the other costs being spent on different quarters of the institution.

2. Gradual Transition-Many medical institutions do not go for Electronic Medical Record (EMR) financing because it is expensive and also time consuming. Especially, as a huge medical institution catering so many people, you cannot take your own time to implement this software and get your staff to be accommodated to the automation. However if you are worried about the money factor then you can always resort to leasing the software at a lower price to try it out before you actually purchase it. On leasing the Electronic Medical Record (EMR) financing software you can take your time to get used to the software and also not make you feel the burden of having bought it at a high price. This way you can gradually switch over to Electronic Medical Record (EMR) financing and get the biggest benefits out of this software.

Parallels Between Physics and Finance

It would be interesting to compare two sciences of physics and finance. While one deals with the money the other deals with the physical universe. Both are important branches of studies so drawing a parallel between them will be interesting to many lovers of sciences.

Most of the theories in physics have models explaining a certain phenomenon. Whether it is electricity, magnetism, thermodynamics, gravitation each field has a subsets of models to explain various observations. For e.g. the Doppler Effect model in waves theory explains the plain variation of sound frequencies by a single set of equations. The Kirchhoff’s law explains the law of flow of electric current in a closed circuit of electricity is a model based on some set of equations. The financial theory in recent times has become model based where the price of options comes from Black S Merton models. There are a set of inputs required in the model to describe and price the option. Similar to the physics models where one need to put in several parameters values to find an ideal solution.

Uncertainty is common to both finance and quantum physics. Quantum physics has a ground in uncertainty and that everything we see is in a random state of motion. Everything is arbitrary and does not has well-defined laws that can predict the outcome. Heisenberg’s uncertainty principle states that the place and momentum of the electron cannot be determined simultaneously with exact precisions so where will be the electron located after sometime in the future cannot be determined exactly. Similar case happens in stock markets where an investor cannot be certain as where would be the index after sometime with exactness. There is always a degree of uncertainty associated with the market movements and thus closely resembles the Heisenberg’s principle. Interest rates are the most dynamic measure of all that keeps on changing with the time and shows volatility so predicting where it will go the next moment requires a rocket scientist who can by all his knowledge can come out with a shrewd model that can predict the interest rates sometimes if not all the times. This uncertainty is a very important concept that happens everyday in the financial world. The speculators, hedging traders and the arbitrage traders all face this uncertainty and the risk of the market movement that could loss or gain them financially.

The geometric Brownian motion describes the path of the particle suspended in a liquid. A physician first observed this random motion of a pollen grain suspended in a liquid to follow a random path termed as the Brownian motion. Einstein described these Brownian motion mathematically in his paper, giving a set of equations that could describe the path followed by the suspended particle. His equation explains that the path of the particle is jointly described by a constant displacement term and a volatility term. It is the set of these equations that explains today the path of interest rates, the path of stock market index or the volatility path.

In their famous paper Black S and Merton describes the path followed by the stock prices follows Brownian motion equations which laid the foundation for the famous Black S Merton model that is widely used today by traders all over the world to values options. Black did use the law of equilibrium of physics to lay the basic idea behind the Black S equation. The joint portfolio of a long stock and a short call option would yield the same constant risk free rate over a short period. So the joint position would always be restored to the same risk free return. Various interest rate models like the lee model, Ross model or the White Hull models are mathematically given by the same set of Brownian motion equation difference is only that they are different in their displacement terms and volatility terms to describe the interest rates movements. The displacement coefficient can depend on time, a constant or a zero.The volatility coefficient is also sometimes depends on time or on the volatility itself. Thus when it comes to determining an uncertain quantity in the future there comes into play Brownian motion equations.

Uncertainty plays a big role in valuation models used today for valuing securities like equity and bonds. There are a thousand of different scenarios of future are possible when forecasting the interest rates, earnings or the discount factors in the valuation exercise. Similar observations happens when calculating the path taken by electron. An electron can take a very large number of paths when moving from one place to another. Richard Feynman gave an approximate number for the path that the electron can take through his sum over histories methods. Similarly the earnings of the company can follow several paths. Monte Carlo simulation can see different scenarios of path and a final value calculated by taking a mean of values calculated from values observed in several different paths. The forecasted values could be misleading and could be totally different, in a similar fashion the electron place could be misleading and incorrect. So if price of a security cannot be determined precisely and exactly, the present state of the electrons cannot be used to predict the future place by the quantum theory precisely.

If there is uncertainty then some models and theories do come close to predicting the next outcome. Take such as the theory of photoelectric effect which has a single equation given by Einstein. Theory is simple and elegant and beautifully explains the observed phenomenon with high degree of precision experimentally. The bond valuation includes discounting the future cash flows which are certain to occur and through proper discount rates one can come close to exact present value of the bond in the market. Sometimes theories do come close in explaining the real world. If a physicist wants to explain the falling of a ball under gravity he would use equations of motion to describe the path of the body. The frequency of light in a heat radiation is given by energy divided by the Planck’s constant. Similar scenarios happens when a credit analyst wants to find the credit spread of a bond he would simply multiply the loss given default for the bond and the Probability of default for the bond.

Phenomenon of heat equilibrium states that the heat flow between two surfaces takes place until the temperatures of both the surfaces attains the same temperature and is in thermal equilibrium. Once the thermal equilibrium or two surfaces have equal temperatures the flow of heat stops. Arbitrage is the trading of incorrectly priced securities in different markets so if security is over-priced in one market trader sells in that market and buys in the market where it is under-priced until the price levels are same in both the markets. So flow of security takes place from the market where it is under-priced to the market where it is over-priced. See how temperature and price are analogous in explaining the two different phenomena’s in same way. So money is flowing from one market to another market in the same way that the heat is flowing from one surface to another surface till the state of equilibrium of prices or temperatures reaches.

The quantitative theory of money states that measure of money in the economy determines inflation. So if money supply increases then there is inflation and if the money supply decreases then there is lower inflation. It could be compared with the heating of a body so that if the temperature of the body increases the heat radiates in large proportions to the fourth power of temperature and if it lowers then the heat radiated lowers proportionally. The inflation measures the amount of excess money in the economy in a similar way the temperature of the body measures the amount of excess heat in the body.

Thus overall the theories of finance and physics could be seen in a similar way except that they are taking place in two different worlds. Various theories have models that have a few set of parameters. There is uncertainty in some theories then there is some certainty in other theories in explaining the observed phenomenon. Laws of electricity, magnetism, gravitation and heat are applicable in finance also but not in same way as in physics. The same sets of explanations characterize what happens in both the worlds in the end they are different sciences. While physics deals with the study of nature and observed phenomenon then finance deals with the study of markets and its instruments.Nevertheless some parallels can still be drawn that should not sound meaningless.

Very much interested in writing about the topics on finance and science. There is large variety of topics that should be addressed and write about. Have a flair for writing and have written articles on science and finance