List of Figures
Figure 2.1 Cost of Capacity Framework
Figure 2.2 Economic Run Length
Figure 2.3 Product Value versus Set-Up Time/Cost
Figure 2.4 Modified Build to Order (BTO) Concept
Figure 2.5 Performance/Value Matrix
Figure 3.1 Distribution of Divestiture Returns
Figure 4.1 2004 GV and COV per $1 of Book Capital
Figure 4.2 EVA-Based Postacquisition Audit
Figure 5.1 Stochastic Solution to Requisite Operating Liquidity
Figure 5.2 WACC Considerations
Figure 6.1 Short-Term versus Long-Term Ratings
Figure 6.2 Illustration of Pension Adjustments
Figure 6.3 Regression-Based Credit Model
Figure 6.4 Illustration of Notching Up and Notching Down
Figure 7.1 Framework for Financial Policy
Figure 7.2 Value Proposition of Debt
Figure 7.3 Dynamic Strategies Outperform Efficient Frontier
Figure 7.4 Volatility and Outlook Drive Liquidity
Figure 7.5 WACC Minimization Doesn’t Equal Value Maximization
Figure 7.6 Framework for Optimal Financial Strength
Figure 8.1 Technology Sector Dividends and Buybacks
Figure 8.2 Technology Sector Cash and Debt
Figure 8.3 Dividend Capacity Analysis
Figure 8.4 Dividend Policy
Figure 10.1 Lower Volatility Associated With Higher Credit Quality
Figure 10.2 The Value of Risk Management Varies
Figure 10.3 Components of Enterprise Risk
Figure 10.4 Strategic Risk Management Spectrum
Figure 11.1 Hedging Alternative Exposures
Figure 11.2 Illustration of Layered Hedges
