...each year as well as the payments made at the end of June each year (which required the CAD to be converted to USD). Recently the Canadian Dollar has been appreciating and positively affecting Pixonix's profitability, however since some of the cash flows needed to be converted to USD Pixonix is exposed to currency exchange risk. Cain's dilemma is to choose between either to purchase a forward contract and lock the cost of the January US$7million. or to purchase call options for the USD for $7.5million, and which course of action will provide the highest benefit and lowest risk possible under different exchange rates. Should the CAD depreciate with respect to the USD Pixonix costs would be higher. Question #2 Various Hedging Options: a) Purchase a forward contract Cain can eliminate exchange rate risk by engaging in a forward contract by locking in the exchange rate for the CAD/USD. To benefit when purchasing a forward contract to sell CAD for USD, the CAD should have depreciated at the time of the payment relative to today. To benefit when purchasing a forward contract to buy USD for CAD, the USD should have appreciated at the time of the payment relative to today. b) Purchase a call option Cain can eliminate exchange risk by using a call option.The call option would be to purchase USD in the future. To benefit from this option Cain will need to exercise it only of the CAD/USD depreciates below the strike price of the option. c) No action (leave the USD...
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...Lecture 4 – Part 3 Today... Information Technology (IT) and Information Systems (IS) in Supply Chain Management (SCM) ........(continued) 7 May 2013 Dr. Igira - IFM - FCIM 2 Computer-Integrated Manufacturing (CIM) Systems 7 May 2013 Dr. Igira - IFM - FCIM 3 Computer-Integrated Manufacturing (CIM) CIM is the manufacturing approach of using computers to control the entire production process ◦ integration allows individual processes to exchange information with each other Manufacturing can be faster and less errorprone. Relies on closed-loop control processes, based on real-time input from sensors It is also known as flexible design and manufacturing Key issues in CIM Automation of product development activities Planning and control of manufacturing processes Planning, scheduling and control of factory resources (labor and machines) Communications and data management capabilities Quality Management 7 May 2013 Dr. Igira - IFM - FCIM 5 CIM Key Systems 7 May 2013 Dr. Igira - IFM - FCIM 6 Computer system (Communications, Data Management & Control) Design Automation (CAD/CAE) Process Automation (CAM/CAPP/CAT/ Robotics) Engineering Manufacturing CAD Computer Aided Design CAE Computer Aided Engineering CAPP Computer Aided Process Planning CAM Computer Aided Manufacturing CAT Computer Aided Testing CAQ Computer-aided quality assurance 5/7/2013 2 7 May 2013 Dr. Igira - IFM - FCIM 7 1 What are the benefits and challenges...
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...investment in new equipment being placed into out years, more systems need to be maintained in their present condition for longer periods of time. There are often gaps in the technical support information needed to maintain a system built from older designs using outmoded or updated techniques or materials. In some situations, designers give a shape to their ideas by using clay, plaster, wood, or foam rubber, but a CAD model is needed to enable the manufacturing of the part. As products become more organic in shape, designing in CAD may be challenging or impossible. There is no guarantee that the CAD model will be acceptably close to the sculpted model. Reverse engineering provides a solution to this problem because the physical model is the source of information for the CAD model. This is also referred to as the part-to-CAD process. "Reverse Engineering is the process of taking a finished product and reconstructing design data in a format from which new parts or molds can be produced."-The Society of Manufacturing Engineers Key Words: Reverse Engineering, CAD, Modeling and manufacturing. INTRODUCTION Definition "Reverse Engineering is the process of taking a finished product and reconstructing design data in a format from which new parts or molds can be produced."- The Society of Manufacturing Engineers. Manufacturing Reality Engineering is the profession involved in designing, manufacturing, constructing, and maintaining of products...
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...design. You can design your product using 3D CAD. You may be wondering what 3D CAD is , it is computer aided design, which helps with design and testing phases. The most beneficial factor of using 3D CAD instead of paper drafting...
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...close to 50% of consumption (Lowson, King & Hunter 1999). As most imported textiles are produced with very low labor expense, huge amounts of inexpensive products can be supplied in the domestic market. Considering this situation, competitiveness in cost and quality continue to be key issues for textile manufacturers. In order to significantly reduce time and cost in the supply chain, the industry needed to become more focused on consumers by developing a supply chain management process that would be demand driven and production that would be synchronized to replenish product at the consumer's pull rate (Lovejoy 2001). Today, consumers desire to personalize the style, fit and color of the clothes they buy, and require high-quality customized products at low prices with faster delivery (Lee & Chen 1999). New manufacturing technologies such as 3D body scanners, CAD/CAM systems, and digital textile printers have played a key role in increasing the effectiveness, flexibility, agility, and precision of production. Garment Industry Information Technology Upgrades Garment manufacturing technology should be understood as the traditional manufacturing technology, information technology, computer technology, automation technology and scientific management of advanced technology integrated multi-disciplinary and applied to garment manufacturing engineering,...
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...Critical issues Mary E Rios CJS210 July 1, 2012 Amanda Dean Critical issues Criminals today are using technology to their advantage when committing crimes; therefore law enforcement must also use technology when taking down the criminal. Technology can be used to prevent crimes as well as to solve crimes after they have happened. Law enforcement today is focusing more on the less then lethal weapons whenever possible. Police officers are faced with many dangers in their daily jobs. Police officers are constantly faced with the unknown and the unpredictable. A routine call could turn out to be deadly or contamination of infectious disease. The Internet has changed how police officers can complete their daily jobs; the Internet has opened doors to so many technological advancements and if all departments are updating their processes and up with technology their jobs could be much more adequate and less room for error or delays. Major technological advancements include database technology, computer aid dispatch, record keeping, and mobile computing. What was once known as the card file index is now known as databases or COMPSTAT, these databases hold criminal information, management information, reports that can be used for statistics or analytical information, trends in crimes, and also can be used for staffing based on geographic crime history. All of this information is at the fingertips of an officers or management personnel to quickly make a decision when...
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...Economic crisis will deepen, say business leaders Chatterjee, Clifford Alvares with BS Bureau inputs | Mumbai August 21, 2013 Economic crisis will deepen, say business leaders Most blame it on govt inaction, expect the rupee to weaken further and interest rates to fall For corporate India, there seems to be just one villain in the worsening India story: The government. A poll of 20 respondents comprising leading CEOs, bankers, market players and economists paints quite a grim picture. An overwhelming majority of the respondents said the Indian economy was heading for an unprecedented crisis due to mismanagement, lack of reforms, weak political leadership and policy paralysis that had led to infrastructural bottlenecks and stalled projects. On the rupee, a majority said it would weaken by more than five per cent by the end of the year but interest rates would either fall or remain unchanged. The safe places to park money in these volatile times were specific stocks and bank fixed deposits, the poll showed. ―It’s the lack of political will in implementing bold economic reforms, poor infrastructure, overdue labour and land reforms, power deficit and unfriendly business regulations that are responsible for this mess,‖ says Kiran MazumdarShaw, chairman and managing director of Bangalore-based Biocon. 1 Bajaj Auto Chairman Rahul Bajaj agrees. He says the country is paying for the past four years of inaction and absence of reforms. ―The government has spent a lot of money...
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...ेस काशनी PRESS RELEASE भारतीय रज़व बक संचार वभाग, क य कायालय, एस.बी.एस.माग, मुंबई-400001 _____________________________________________________________________________________________________________________ RESERVE BANK OF INDIA DEPARTMENT OF COMMUNICATION, Central Office, S.B.S.Marg, Mumbai-400001 फोन/Phone: 91 22 2266 0502 फ स/Fax: 91 22 22660358 ै : www.rbi.org.in/hindi Website : www.rbi.org.in इ-मेल email: helpdoc@rbi.org.in वेबसाइट May 2, 2013 Macroeconomic and Monetary Developments in 2012-13 The Reserve Bank of India today released the Macroeconomic and Monetary Developments in 2012-13. The document serves as a backdrop to the Monetary Policy Statement 2013-14 to be announced on May 3, 2013. Highlights: Overall Outlook Macro-financial risks require cautious monetary policy stance ahead • In view of macro-financial risks that stay significant, headline inflation remaining above the threshold and consumer price inflation remaining high, the space for action for 2013-14 remains very limited. If some of the risks come to fore, policy re-calibration may become necessary in either direction. • Slow-paced recovery is likely later in 2013-14, contingent on improved governance and concerted action to resolve structural bottlenecks, especially in infrastructure sector. Output gap is likely to reduce, but remain negative. • Headline inflation is likely to remain range-bound in 2013-14, with some further moderation in H1 due to subdued producers' pricing power and...
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...Manufacturing Process From Your Living Room As many of us may know, the world we live in has been and will always continue to advance in technology. You cannot escape from the outburst in technology because of the dependency that we have created due to the lazy mentality imbedded in our brains. One advancement that is on the rise is three dimensional printing. Three dimensional printers are machines that can take a shapefile or design created in a computer-aided design software, CAD, and produce the custom designed image into a working test product. Three dimensional printing has taken manufacturing to a new level due to the ease of producing prototypes. Companies have harnessed this technology and used it to produce actual size prototypes that can be physically held and interpreted before producing. These prototypes can also benefit by being a “dummy” for creating injection molds. Indeed this technological advance is a great hype and improvement in the world of production saving time and money in the long run; however, the question is raised, can this epidemic be harnessed by everyday users in their home? There are both pros and cons to the use of three dimensional printers that need to be addressed before the decision can be made of whether this advancement is sensible or not. Nick Allen from Gizmodo.com is very strong on his article expressing the cons to the issue. On the other hand, Christopher Barnatt, from his website Explainingthefuture.com, takes more of a...
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...How exactly does a 3D printer work? Before the 3D printer was developed, the 2D printer was still a fascinating machine to many people. With a 2D printer, what was printed out on a piece of paper was put together and designed on a computer program such as Microsoft Word or Presentations. The file that the printed image or information was created in holds the instructions that the printer is to follow. A 3D printer also needs a file and instructions to print. The goods or designs that are printed can be customized, because altering them will not require complete retooling, only slightly adjusting the instructions in the software. The file is known as a Computer Aided Design (CAD) or Computer-Aided Manufacturing (CAM) file that requires the use of a 3D modeling program, or with a 3D model using a 3D scanner. This software quickly slices the model or design on the program into hundreds or thousands of thin-sliced, horizontal layers. The layers get printed one by one atop of one another until the 3D object is complete. Owners of 3D printers can choose between 2 types of plastic strands: acrylonitrile butadiene styrene (ABS) or polylactic acid (PLA). Some 3D printers can use both kinds of plastic, while others only work with one. These plastics are available on spools with plastic strands/strings that are usually 1.75 millimeters thick or 3 millimeters thick. Gears work to pull the filament through the print head. Immediately before it is pushed through the pointed nozzle, the...
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...addressed by the HR department and provides a look at King’s overall culture. You may find the tone of some e-mails to be unprofessional. This is a good lesson for us all--As much as we enjoy informality in the workplace, all documents and correspondence— including e-mails—can be retained and are discoverable in litigation. Managers must be cautious in their writing because inappropriate language may be impossible to defend in court. Employees In the Case: Amera, Argonta---Accounting employee Andreas, Gary---employee on workers’ comp Call, Jake---Compensation & Benefits Manager Dean, Don---C.E.O. Dugas, Karla---Benefits Coordinator Folkner, Meg---Supervisor, CAD Design Grant, Alan---Current HR Director Honduras, Margo---Previous HR Director Jones, Lyle---Production Employee Madison, Charles---Senior V.P. Petersen, Matt---Production Supervisor, Team 3 Planky, Burt---fishing buddy Putt, Tonia---CAD Designer Rey, Dave---Production Foreman Sanders, Tomas---Design Manager Scholl, Karmen---HRD Manager Simms, Bertie---Designer Smith, Mike---V.P. Songun, Amy---Accounting Supervisor Stone, Guy---Production Supervisor Tu, Kevin---Staffing Manager Varn, Juan---Safety & Security Manager Warner, Salty---union promoter White, Shaun---Employee Relations Manager COMPANY BACKGROUND: The King Company is a small manufacturing company located in a mid-sized...
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...Analysis for E-Supply Chain Management of Tesco E-Commerce Term Paper By: Subodh Ghimire BBA 6th semester King’s College Analysis for E-Supply Chain Management of Tesco Abstract As technology improves, people purchase more goods without leaving the house. How can they do this? They can do this via the Internet and can buy anything from different countries. Online purchasing really brings out another shopping market place to society. But not only the selling side, the buying side in e-Commerce can also be maintained using electronic supply chain management (e-SCM). In this project, the supply chain management of Tesco and the ease for suppliers and the company is described. The development of the organization and the revolution and innovation in the e-tailing industry brought forward by Tesco is worth praising. I.INTRODUCTION Tesco is Britain’s leading food retailer and the third largest in the world. Its first store was opened in 1929 in London and by the early 1960s Tesco was a familiar feature of most UK high streets. After joining the eighties trend for large out-of-town supermarkets, in the 1990s the company started pioneering many new innovations. It developed new store concepts such as Tesco Metro, a city centre store meeting the needs of local shoppers, and Tesco Express, the first UK petrol station convenience store. In 1995 the company introduced its Clubcard, the UK’s first customer loyalty card...
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...Content 2 3 Question 1 3-7 4 Question 2 8 5 Question 3 9 6 Question 4 10-11 7 References 12 Database Question 1: Data Model/Database Model Flat file Flat file data model is model where data was store as a plain text file in a single table. Each line of the table hold each record with field and it is separated by commas or tabs. It cannot contain multiple tables like relational database. All the data stored by flat file, a computer file system will be store in a single directory where no folder and path were used to organize the data. [1] Figure 1 show the structure for flat file model. Figure 1 References: Flat-file model [Website] Retrieved from https://www.google.com.my/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http%3A%2F%2Fwww.colorado.edu%2Fgeography%2Fgcraft%2Fnotes%2Fdatacon%2Fdatacon.html&ei=pwVRVMapBo3l8AXVloL4Cw&bvm=bv.78597519,d.dGc&psig=AFQjCNEiEdEE2WU3GOUpQtDJ1ckxezbBMQ&ust=1414681907413968. Hierarchical Model The Hierarchical model, were popular from the late 1960s, with the introduction of IBM’s Information Management System (IMS) DBMS, through 1970s. It is the oldest models in the data model in Database system. This model is an improvement of the flat-file data mode. It employs a simple data relationship which is one-to-many relationship. The relationship in this model uses Parent Child Relationship. The name “hierarchical” define the major restriction on the child/parent relationship, that is...
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...10901821 Abstract In this project report on Depreciation of Indian Rupee I have highlighted the different aspects of this problem. The Indian economy is at crossroad today. The Indian rupee had depreciated 20% since January and one of the worst performing currencies in the emerging markets. In this report first of all the different factors upon which a currency’s value is depended are explained such as demand and supply, market sentiments, speculations, debt and fiscal policy, interest rates etc. There are various reasons because of which Indian Rupee depreciated. Major reasons such as volatility in market rates, increase in crude oil prices and its consumption, increased imports, poor management of CAD are playing actively in depreciating Indian rupee. As there are two sides of every coin. There are winners and losers in this case also. Broadly talking that whoever is paying dollar is loser and receiver of dollar is winner. Falling rupee value affected different sectors of economy in different way but if want to take a wide view, it is having negative impact on economy’s every sector. But we should not lose hope. In today’s volatile world things change rapidly. Take the example of US economy: at this time last year, the biggest risk to the world was US “fiscal cliff”. Today the US economy became the biggest driver of global growth. It would not be surprised if, in few years, the same story is repeated for India. Acknowledgement...
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...February 2014 OTPP Case Daniel XXXX The context and Key Issues The Ontario Teachers Pension Plan (‘OTPP’) was formed as a vehicle to provide a pension plan for the Province’s teachers. Prior to the 90’s the OTPP was only allowed to invest contributions in Ontario Debentures that were non-‐marketable. The unfavorable changing demography (ratio between contributing members and retiree – increasing life expectancy of retirees) combined with downwards interest rates created a negative asymmetry between funds’ assets (invested contributions) and liabilities (pension payments). The Province’s taxpayers then absorbed the shortfall. Subsequent to the crisis, decisions were made to allow the OTTP investing in a wider range of alternative classes of assets and foreign markets (with a...
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