...Executive Summary The following case study report is for Carson Manor, a Winston based non-profit organization that provides nursing care service for senior citizens. The report will identify key issues that may impact Carson Manor’s day-to-day operation on the basis of budgeting, cost control and cost measurement. The key issues will be analyzed against Carson Manor’s objective to outsource a solution provider to conduct a review of their current situation. This report will evaluate three bidders based on total cost of study, potential savings, possible implementation, experience and references. A recommendation is stated at the end of the report, which comprises the possible solutions to the key issues and some actions need to be taken after selecting one of the three bidders. This report would recommend that Clarke-Hamilton Ltd. would be an optimal consultant for Carson Manor given their highest expected savings, suitable implementation of a patient classification system, excessive experience and positive feedbacks from users. Background Description Carson Manor was a not-for-profit institution that provides nursing care services for aged people. It was founded in city of Winston 30 years ago and currently became a medium sized institution with a bed capacity of 470 and a total of 235 employees. Carson Manor administrator is responsible for overseeing day-to-day operations and serving as an information conduit to Mr. Henry Davis, the director of social services. Mr...
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...UNIVERSITY OF THE PHILIPPINES A CASE STUDY ON MANAGEMENT ACCOUNTING BACKGROUND OF THE CASE In February 2000, the Vice President for Planning and Finance (the VP) was informed that the CY 2000 budget was cut by the Senate. Details of the budget show that there is a decrease for the Maintenance and Other Operating Expenses (MOOE) for both the academic programs and the UP system administration (UPSA), as well as for the six (6) autonomous campuses of UP, including UP College of Baguio. Academic Programs & UPSA Autonomous Campuses CY 2000 403,561,000.00 250,000,000.00 653,561,000.00 % 62% 38% CY 1999 602,124,000.00 313,801,000.00 915,925,000.00 % 66% 34% Decrease (198,563,000.00) (63,801,000.00) (262,364,000.00) % Decrease -33% -20% -29% While reviewing the CY 1999 MOOE allocation, she determined that allocating it based on the number of students alone is not an efficient way to do so. Hence, she called on the Chancellors of the different autonomous campuses and the Dean of UP Baguio to discuss with them the reduced budget and how will the reduced budget for autonomous campuses be allocated more effectively. Each Chancellor gave his/her own allocation method, taking into consideration the specific needs of his/her campus. Moreover, the VP knows that aside from the Chancellors, other parties are also involved in the budget allocation, such as the Congress, which is politically-driven. The VP also asked the officers from the Budget...
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...Tutorial on Classification Igor Baskin and Alexandre Varnek Introduction The tutorial demonstrates possibilities offered by the Weka software to build classification models for SAR (Structure-Activity Relationships) analysis. Two types of classification tasks will be considered – two-class and multi-class classification. In all cases protein-ligand binding data will analyzed, ligands exhibiting strong binding affinity towards a certain protein being considered as “active” with respect to it. If it is not known about the binding affinity of a ligand towards the protein, such ligand is conventionally considered as “nonactive” one. In this case, the goal of classification models is to be able to predict whether a new ligand will exhibit strong binding activity toward certain protein biotargets. In the latter case one can expect that such ligands might possess the corresponding type of biological activity and therefore could be used as ‘’hits” for drug design. All ligands in this tutorial are described by means of an extended set of MACCS fingerprints, each of them comprising 1024 bits, the “on” value of each of them indicating the presence of a certain structural feature in ligand, otherwise its value being “off”. Part 1. Two-Class Classification Models. 1. Data and descriptors. The dataset for this tutorial contains 49 ligands of Angeotensin-Converting Enzyme (ACE) and 1797 decoy compounds chosen from the DUD database. The set of "extended" MACCS fingerprints is used as...
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...Monitor Study Summary Issue All users have been provided with one 19” extended width monitor. The system provides the ability to view multiple documents at once (side by side) for comparison purposes, however this feature is not used very often because the screen size limits the display to only small fonts, the entire document is not visible all at once, and the dual display is too complicated to set-up. Additionally, the quality of the scan in many cases is not as clear as an original typed document (such as this document), requiring the font to be displayed larger than normal size in order for it to be legible. Tasks performed by our users require them to be constantly comparing documents. In order to compare documents, users usually switch back and forth between screens or print the documents. Our system does not provide the ability to simultaneously view a document while creating new forms, so users are required to switch back and forth. Currently, the our users are required to access several systems to obtain all of the necessary information, resulting in having several systems open simultaneously. Goal of Study The goal of the monitor study was to determine if an increase in the amount of screen surface would provide significant benefits such as improved efficiency, reduced print volume, increased accuracy, and reduced physical stress. If the increased screen space provided significant benefit, then the second goal of the study was to determine the best set-up...
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...Task 1(Project: CS674) Mishra A.(Y6 Kumar D.(Y6152) Venkat(Y Introduction: The Pattern classification for given problem is posed with serious challenge as on one side the data set is highly imbalanced in favour of B+E against B(So we have to avoid over fitting for generalization) & on the other side wrong classification can have serious consequences in diplomatic relationship between nations. So Our thrust has been to choose between various methods , one with sound justification towards our results & showing how was it better than others . Based on comparative study of various methods we have finally chosen Biased Minimax Probability Machine [1] & we would be proving superiority of our methods over SVM classifier with different parameters which we tried. Besides authors [1] have shown superiority of BMPM over DT, Naive Bayesian Classifier, K-nn classification, & other under/over Sampling methods. Methodology of BMPM: For two class Classification: Let Family {x}, {y} with mean vector & Covariance matrices {x, ∑x }, {y, ∑y} belong to class1 & class2 respectively. Let α be the worst-case accuracy for future data points from family of {x}, and β be the worst-case accuracy for future data points from family of {y}. Depending upon severity of the false positive & true positive rates α, β(Policy variables) it tries to find a maximal hyper plane to separate the two classes [pic] [pic] We can also have Non Linear Classifier by mapping the feature space into suitable...
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...popularity of data mining. What recent factors have increased the popularity of data mining? Following are some of most pronounced reasons: * More intense competition at the global scale driven by customers’ ever-changing needs and wants in an increasingly saturated marketplace. * General recognition of the untapped value hidden in large data sources. * Consolidation and integration of database records, which enables a single view of customers, vendors, transactions, etc. * Consolidation of databases and other data repositories into a single location in the form of a data warehouse. * The exponential increase in data processing and storage technologies. * Significant reduction in the cost of hardware and software for data storage and processing. * Movement toward the de-massification (conversion of information resources into nonphysical form) of business practices. Is data mining a new discipline? Explain. Although the term data mining is relatively new, the ideas...
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...2009; final version received 2 June 2009) This paper is intended to provide a critical literature review on supply chain performance measurement. The study aims at revealing the basic research methodologies/approaches followed, problem areas and requirements for the performance management of the new supply chain era. The review study covers articles coming from major journals related with the topic, including a taxonomy study and detailed investigation as to the methodologies, approaches and findings of these works. The methodology followed during the conduct of this research includes starting with a broad base of articles lying at the intersection of supply chain, information technology (IT), performance measurement and business process management topics and then screening the list to have a focus on supply chain performance measurement. Findings reveal that performance measurement in the new supply era is still an open area of research. Further need of research is identified regarding framework development, empirical cross-industry research and adoption of performance measurement systems for the requirements of the new era, to include the development of partnership, collaboration, agility, flexibility, information productivity and business excellence metrics. The contribution of this study lies in the taxonomy study, detailed description and treatment of methodologies followed and in shedding light on future research. Keywords: supply chain; performance measurement;...
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...What is the effect of mandatory IFRS adoption on earning management ABSTRACT: International Accounting Standard play a important role in the world. More and more countries trend to adopt international accounting standard. Beginning in 2005, public companies in the member states of the European Union (EU) are required to apply IFRS. Ten years have passed, what is the effect of mandatory IFRS adoption on these countries, and how IFRS affect on earning management. In the paper, I will discuss this question based on some previous finding. Next, I will use IFRS 9 as a specific case for my conclusion. Finally, I will give my opinion on the effect of mandatory IFRS adoption on earning management. Key Words: Accounting Standard, earning management, IFRS, Financial Instrument, bank, impairment of asset, IAS39, IFRS 9 I. The effect of mandatory IFRS adoption on earning management 1.1 In 2012, Yi Lin Chua, Chee Seng Cheong. And Graeme Gould publish a article named “The Impact of Mandatory IFRS Adoption on Accounting Quality: Evidence form Australis. This article examines the impact of IFRS on accounting quality by focusing on threes perspectives: (1) earning management, (2) timely loss recognition, and (3) value relevance. In my paper, I will focus on earning management. First, the author talk about the reason he choose Australia. Because Australia is one of the first countries located outside of the EU that has mandated IFRS and is also the first non-EU adopting...
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...accounting model and accounting modernization in Germany Andreas Hellmann ⁎, Hector Perera 1, Chris Patel 2 Department of Accounting and Corporate Governance, Faculty of Business and Economics, Macquarie University, Sydney, NSW 2109, Australia a r t i c l e i n f o Keywords: Convergence German Commercial Code (Handelsgesetzbuch) International Financial Reporting Standards Act to Modernize Accounting Law (Bilanzrechtsmodernisierungsgesetz) Classification of accounting systems a b s t r a c t Classification techniques based on one or few dimensions are widely used in research studies and textbooks to explain and predict the development of accounting systems internationally. However, their usefulness in international accounting has been limited in today's globalized world. For example, in the context of the EU, IFRS are required for consolidated accounting, while national accounting systems continue to be the dominant system for unconsolidated accounting in many countries. Using Germany as a case study, the objective of this paper is to examine whether Germany can still be classified within the Continental European model of accounting following the Act to Modernize Accounting Law (Bilanzrechts-modernisierungsgesetz — BilMoG), which was promulgated on May 29, 2009. This Act introduced some major reforms to the German Commercial Code (Handelsgesetzbuch — HGB), such as removing the close connection to tax rules and introducing new recognition and valuation...
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...COMPETITION, SWITCHING COSTS AND ITS CONSEQUENCES IN TELECOMMUNICATIONS IN NEPAL NAME: SAROJ POUDEL DEGREE: MASTER OF INFORMATION SYSTEMS/MASTER OF INFORMATION TECHNOLOGY COURSE: 7112ICT RESEARCH METHODS IN INFORMATION TECHNOLOGY INTRODUCTION The economics of switching costs and network effects have achieved a significant amount of popular, as well as professional attention in the last few decades. It is presently defined as the core factor for new Information Technology economy. Switching costs originates, if a consumer demands a product, or its related accessories(hardware or software), of his own purchases to be compatible with each other this creates economies of scope among his purchases from a single supplier. Whereas network effects arise when a user wants his system to be compatible so that s/he can interact or trade with other users, or switch to the same compatible system, which leads to the creation of economies of scope between different incompatible products. Thus these economies of scope impacts the consumer’s buying and switching behavior between various products. The state of lock-in arises when the switching cost is sufficiently high so that the consumer proceeds using the same product rather than switching to the different product. Lock in is the state where the cost of switching exceeds the benefits of switching. Economics of switching costs is the summation of various types of switching costs including: compatibility costs (and their relationship...
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...Technical Case Studies SOLUTIONS Case: Accounting for Lease Extension (Revised and updated 5/2013) Jack leases an office building from Jill. The lease is classified as an operating lease under the guidance of ASC Topic 840, Leases. The lease does not include any renewal options upon the expiration, but Jack is in the process of negotiating an extension of the lease. Jack proposes to make a single up-front payment of $1.2 million to Jill in exchange for an extension of the lease at the current rate for another 10 years. The extension would create a new lease under ASC par. 9 of 840-10-35-4. 1. 2. Should Jack include the $1.2 million in the calculation of the minimum lease payments when classifying the new lease? Assuming the new lease would qualify as an operating lease under ASC 840, when should Jack recognize the $1.2 million as rental expense? A1: Yes. Jack should include the up-front payment in the calculation of the minimum lease payments. ASC par. 840-10-25-5 defines minimum lease payments from the standpoint of the lessee as “ ...the payments that the lessee is obligated to make or can be required to make in connection with the leased property…,excluding...(a) contingent rentals, (b) any guarantee by the lessee of the lessor’s debt and the lessee’s obligation to pay (apart from the rental payments) executory costs such as insurance, maintenance, and taxes in connection with the leased property. The $1.2 million is not a contingent rental, a guarantee of Jill’s ” debt...
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...and communication for educational purposes The Australian Copyright Act 1968 (the Act) allows a maximum of one chapter or 10% of the pages of this work, whichever is the greater, to be reproduced and/or communicated by any educational institution for its educational purposes provided that the institution (or the body that administers it) has sent a Statutory Educational notice to Copyright Agency Limited (CAL) and been granted a licence. For details of statutory educational and other copyright licences contact: Copyright Agency Limited, Level 15, 233 Castlereagh Street, Sydney NSW 2000. Telephone: (02) 9394 7600. Website: www.copyright.com.au Reproduction and communication for other purposes Apart from any fair dealing for the purposes of study, research, criticism or review, as permitted under the Act, no part of this publication may be reproduced, distributed or transmitted in any form or by any means, or stored in a database or retrieval system, without the written permission of McGraw-Hill Australia including, but not limited to, any network or other electronic storage. Enquiries should be made to the publisher...
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...INTRODUCTION The purpose of this case study analysis is to evaluate the benefits or repercussion of cross docking technique for Merloni Elettrodomestici Spa Company across its all regional warehouses. Merloni had already implemented programs that had successfully shortened production-planning lead times and decreased inventory levels. To further reduce inventory and enhance production efficiency, management was evaluating a proposal to replace regional warehouses with "transitpoints". At these transit points, products arriving on trailers from the central warehouse and plants would then be transferred directly to smaller local delivery trucks. The primary issue being assessed then was the viability of the transit point solution and its effectiveness in improving efficiency and reducing costs. The secondary issue was the provision of an exhibition center in the Milano area without significant risks to product delivery. Brief Information on Merloni : Merloni Elettrodomestici SpA is a major Italian manufacturer of domestic appliances. The company has four manufacturing subsidiaries as a) Merloni Elettrodomestici (domestic appliances): It manufactured both freestanding and build-in appliances like washing machine etc. It had five plants in Italy. This unit had highest (75%) sales revenue share in 1984. b) Merloni Igienico Sanitari (Bath and heating products): It manufactured water heaters, bath tubs etc. This unit had 20% revenue share in 1984 for overall group. c)...
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...Human Factors Analysis and Classification System Abstract As aircrafts become more reliable over the years, humans have progressively become more of a causal factor in aviation accidents. Thus, being able to analyze an accident from a human factor perspective is of paramount importance. However, a proper framework of accident analysis is necessary to address the complex and often nebulous nature of human error. The Human Factors Analysis and Classification System Maintenance Extension (HFACS-ME) is one such framework that serves as an accident investigation and data analysis tool. This article will analyze how HFACS-ME is used from an applied perspective and demonstrate its utility using case studies. Human Factors Analysis and Classification System Maintenance Extension The Human Factors Analysis & Classification System (HFACS) was originally developed to analyze and classify human errors and other factors contributing to aviation incidents. HFACS combines features from Heinrich’s “Domino Theory” and Edward’s “SHEL Model” as well as Reason’s model to uncover factors that contribute to accidents (Schmidt, J. Lawson, D., n.d.). The Maintenance Extension of HFACS termed HFACE-ME was created to address aviation maintenance related incidents and facilitates the recognition of defective or absent defenses at four levels namely, Unsafe: Management Conditions, Maintainer Conditions, Working Conditions, and Maintainer...
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...effective supply strategies. To this day, the method is widely regarded as one of the most powerful supply management tools and has acted as the backbone of many organisations, bringing long established success to large companies - most notably, Shell, Alcatel and Philips (Van Weele 2000). The two phase Kraljic approach The approach devised by Kraljic follows a simple two step procedure in formulating different supply strategies. First, all purchased items and services are classified in a matrix form with respect to their profit impact and supply risk as displayed in Figure 1 below. Second, purchasing strategies and action plans are developed according to the classifications. High Leverage Strategic Profit impact Non-critical Bottleneck Low Kraljic 1983 Low Supply Risk High Fig 1 Classification of materials As mentioned, the two by two Kraljic matrix...
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