Combining contemporary, cultural and educational topics with a wide range of digital, online ( MyEnglishLab) and print material, Choices gives teachers the power to adapt to their classrooms, while the authentic BBC video clips keep interest levels high and boredom factors low! Highly respected authors of bestselling Opportunities, New Opportunities, Challenges and New Challenges, Michael Harris and Anna Sikorzynska Strong strand of choice throughout the course which motivates and is a crucial element of life-long learning skills important in the 21st century as technology and jobs change rapidly Authentic Video BBC and Channel 4 clips (eg Jamie Oliver) Your Choice - students choose between different topics to discuss and write about DVD Choice - an optional section with authentic video material with comprehension questions. These are mainly oral skills lessons extending the lesson topic Listen or Watch - the target functional language is presented through dialogues which can be watched or listened to Learning Links - references to extra activities. Students are directed to culture input (Culture Choice) and extra revision, practice and self-assessment (in the MyEnglishLab) Online Skills - in the workbook. Information-handling skills and critical thinking MyEnglishLab online learning where teachers can grade and monitor

The water and power industries, including the most capital-intensive producers of goods and services in our economy, are exposed to financial risks of staggering proportions. With projects that are routinely large and require long-term planning, and with demand and supply often highly volatile, costs regularly defy prediction. Still, there has been little explicit analysis of financial risk in the water and power industries. In this work, C. Vaughan Jones provides a comprehensive discussion of financial risk and risk analysis for these utilities. Writing in clear, straightforward language, he explores the application of risk analysis to construction projects, rate-setting and price effects, and customer characteristics.

In developing a method for evaluating risk, Jones brings together material from business, engineering, economics, demography, probability theory, computer simulation, and policy studies. The materials are organized around risk factors affecting costs and revenues, and support a practical analysis with spreadsheet and simulation examples. Separate chapters present findings relating to the variability of construction costs, customer demand, and population growth. Together with qualitative information about risks, these chapters offer suggestions about quantitative representation of relevant patterns of variability of key risk sources. The techniques are integrated in simulation models dealing with contract risk, the evaluation of sinking funds and amortization schedules, and long-run capacity planning. The concluding chapters summarize major findings, consider issues of reliability and validation, and discuss the way in which this analysis can be applied to a variety of infrastructure investments. Finance and investment professionals and students in business and finance studies will find this work to be a useful reference tool. For public and academic libraries, it will represent a valuable addition to their collections.