...1. Using Excel, I calculated the duration of each instrument in each portfolio. Then the averaging the durations of all the instruments in each portfolio with the assigned weights of 0.4, 0.25, 0.2, 0.1 and 0.05 gives us the durations of these two portfolios. The duration of portfolio A is 3.659 and the duration of portfolio B is 3.541. Since that the investor is kind of concerned about the volatility in the market, portfolio B is more adequate because it has a short duration, which means it’s less sensitive to the changes in interest rate. 2. A. The durations of Portfolio A and B are 3.659 and 3.541. Multiplying their duration with their prices, which are both 100 millions, gives us the dollar duration of these two portfolios. The dollar durations are 365929587.04 and $354071810.21. B. The loss of the value of portfolio A cause by 1 basis point up in the interest rate is -$365929587.04 *0.0001=-$36592.96. The loss of the value of portfolio B cause by 1 basis point change in the interest rate is -$$354071810.21*0.0001=-$35407.18 C. The conclusion reached in this part is consistent with that in exercise 1. With 1 basis point change in interest rate, the value of portfolio B decrease less that portfolio A, which means portfolio B is better immune to the risk of interest rate. 3. A. The price of the 7-year bonds paying 2.5% semiannually is $81.12. The price of the 7-year bonds paying 10% semiannually is $122.78. The number of the 7-year bonds paying 2.5% semiannually...
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...than five years, however there is a provision to increase dearness allowance every two years. The norms in fixing and revision of minimum wages were first recommended by ILC, 1957.[21] Revision of minimum wage rates is based on a ‘cost of living index’ and wages can be fixed for an entire state, part of the state, class or classes and employments pertaining to these categories. The fixation of wages is based on the norms mentioned and a wage board (different for different industry). Under the Minimum Wages Act, State and Central Governments have the power to fix and revise minimum wages. The act specifies that the “appropriate” government should fix the wages i.e. if the wages to be fixed are in relation to any authority of Central government or Railway administration then the Central government fixes it. However if the wage rate is to be fixed or revised for a scheduled employment, the respective state governments fix it. The Centre fixes the National floor level Minimum Wage that is lower than most states' respective minimum wages.[22] The ambiguity and overlap in the jurisdiction of both these tiers of government have caused debates and controversies. One of such debates revolves around fixing wage rates of MGNREGA scheme, an employment guarantee initiative by the Central Government[23] As per Section 5 of the Minimum Wages Act, 1948, there are two ways of fixing and/or revising minimum wages • Committee Method: Committees and Sub-committees are set up to make recommendations...
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...75703 (903) 509-8463 Toby starting his career as “The Watchmaker” in 1998, when deciding to open a business he research the demand for watch and jewelry repair. With a degree in engineering and a minor in mathematics, Toby wanted to open a business where he could use his passion of taking things apart and putting them back together. When Toby first started this business he had an interest in manufacturing and service business, he starting with the wholesale style business, where he would fix watches for other major businesses and was very successful. When the recession hit the wholesale side of his business dropped at least 50%, so he decided to get into the retail side. The retail side consists of: repair, sales, manufacturing, customer service, restoration. The items that Toby fixes on the retail side are watches, jewelry, and small clocks. Fixing watches consists of remove/add links, changing batteries, and getting watches to work again. Toby manages clock and jewelry repair makers to fix the items that come to his facility. Throughout Toby career he as always would get advice and business tips for older more experienced business owners. When he started in this wholesale side of his business, he stated that Swiss is very particular on how they want their watches fixed and worked on. Swiss provides him with a business model and sends him to Switzerland yearly for ongoing education. When first starting on the wholesale side he was very successful and now with both sides...
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...Meditech Surgical Case GSCM 560 Keller Graduate School of Management Meditech Surgical Case 1. What are Meditech’s problems in introducing new products? In manufacturing ALL products? Meditech confronted an aggressive competition base on an innovating product. They were relatively new to the market. Their issue was based on failing to fulfill the great demand for the new product, the issue generated another obstacle which was not being able to deliver on time. Customers were expecting to have their product delivered when needed, but it took almost 6 weeks to receive the product. The genesis of this issue was based on the inability to create an effective forecast. There is not a perfect forecast, but it aids to visualize future demand. 2. What is driving these problems, both systemically and organizationally? The issue is generated due to the inconsistency lead time for the component part. It is taking too long (2-16 weeks). Once again, the lack of forecasting is generating a false number which leads to inconsistency in the production. The estimation of the transfer requirement lose the actuality, leading to affect delivery time. The production inconsistency is higher than the demand difference. On the systematically side, the firm is going through a “panic” ordering period, with the lack of forecasting it is providing poor document support creating a false demand number. The decentralization is creating a bump on their production, in addition, there is not a standardized...
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...but also allow doing them from a distance for example, from home and sending somewhere you need by e-mail. Finally, computer is useful for communication. To my mind there is plenty of communication software which helps you to socialise with your friends, mates as well as with foreigners from all over the world not even leaving your room. On the other hand as any other appliance it has its own minuses. Let’s face the problem that computer becomes old – fashioned very fast after buying it and needs to be replaced. The point is that replacing a computer is quite expensive. The newer the computer is the more you have to pay for it. Not to mention, the costs you have to pay for fixing the computer if it breaks. In any case, not many people can fix computers so they demand quite a lot of money for repairing them. And computer may have to be fixed if it catches a virus for example. Viruses are all over the Internet; in fact your computer can easily get infected by simply entering some insecure web site. Viruses may cause lots of harm to your computer. They can...
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...pinpoint that the accuracy of equipment reports was not precise, this something that should be changed. It is not always a good idea to have one person responsible for tasks that are intertwined, because mistakes are often made and never uncovered. The EA could in fact fudge the numbers when it came to physical inventory so that they matched the Non-revenue Report, and therefore he/she would make the company look better because there would be no lost inventory. Furthermore, we can see that having to update the Non-revenue Report daily, but not matching these to physical inventory until the end of the month can impact the timely resolution of equipment discrepancies. After looking at this key issue, there would be different alternatives to fix the problem. My recommendation would be to divide the equipment administrator’s work load into two jobs. This would cause some redundancy, which may be costly but...
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...Counted all my mistakes and there's only one Standing up on a list of the things I've done All the rest of my crimes don't come close To the look on your face when I let you go So I built you a house from a broken home Then I wrote you a song with the words you spoke Yeah, it took me some time but I figured out How to fix up a heart that I let down Now I'm searching every lonely place Every corner calling out your name Trying to find you but I just don't know Where do broken hearts go? Where do broken hearts go? Get a taste of your lips on the tip of my tongue It's at the top of the list of the things I want Mind is running in circles of you and me Anyone in between is the enemy Shadows come with the pain that you're running from Love was something you never heard enough Yeah, it took me some time but I figured out How to fix up a heart that I let down Now I'm searching every lonely place Every corner calling out your name Trying to find you but I just don't know Where do broken hearts go? Are you fixing it by yourself? Or are you giving it to someone else? Trying to find you but I just don't know Where do broken hearts go? Where do broken hearts go? Tell me now, tell me now Tell me where you're going Will you be afraid? Where do broken hearts go? Tell me now, tell me now Tell me will you ever love me again? Love me again? Now I'm searching every lonely place Every corner calling out...
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...| 1:00 PM | Walked to work from the metro station and set up my station. Read my ‘todo’ list for the day. Started my work entry in my notebook. | Slightly relaxed | No | 1:30 PM | Working on a bug I found yesterday while listening to music. | Focused | yes | 2:00 PM | Walked to a sandwich place and ordered a sandwich. | Stressed | no | 2:30 PM | Got back to work and found a possible solution to my bug. | Happy | yes | 3:00 PM | Did some research to see if my bug will work and looked through other parts of my code. | Excited and focused | Yes | 3:30 PM | Research proved that it will work, so I started putting in the fix. | Excited | Yes | 4:00 PM | Finished working on the fix. | Focused and Excited | Yes | 4:30 PM | Tested if the fix worked as it should with all possible actions. | focused | No | 5:00 PM | I emailed my boss about the fix and Users of my tools, checked the bug off my ‘todo’ list and looked at what to do next. | Stressed and focused | No | 5:30 PM | Grabbed a snack from the breakroom and worked on a new addition. | Relaxed | Yes | 6:00 PM | Worked on adding 5 similar new additions. | Relaxed and...
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...The switch in time saves nine One of the proverbs I find most useful in life is the one of Thomas Fuller – a British writer: “A stitch in time saves nine”. It is a well known proverb. It is frequently used in conversation. It passes on from one hand to another like a current coin A stitch in time saves nine” is an idiom, which is a phrase whose symbolic or intended meaning is different from the literal meaning of the words themselves. Literally, it means that a single stitch (to fix a tear in a garment) will avoid having to make many more (nine) to fix a larger tear that it might cause/( A cloth which is torn must be stitched at once for otherwise the torn portion would increase in size and many more stitches would be required.) Figuratively, a little work today (one stitch) can save a lot of work later on (the nine stitches). For example, fixing a tile on the roof can stop the wind and water from getting in and causing a lot of damage to ceilings and so on. Or putting a little oil in the car engine can avoid a ruined engine, a ruined trip and an expensive repair. We must at all times be well prepared for all things. The truth of the proverb will become clear, if we consider a few examples from day to day life. It is early in life that many bad habit is acquired and if the evil habit is not checked then and there, it grows and gives rise to many other evil habits. If a growing child tells lies, he should be at once taken to task so that the habit doesn't take roots,...
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...different plug socket). Obviously still having my receipt, I decided to make use of the 1 year manufacturer’s warranty and send it off for repair through Phones4U which takes up to 28 days. Unfortunately for the time being I needed a spare phone so I delayed sending it off until yesterday when I finally got myself a cheap temporary replacement phone. On taking the Samsung Galaxy S3 to the shop I accidentally dropped it and now the phone has several dents along the edges and the LCD underneath has broken so nothing comes up on the screen any longer. Extremely unlucky, I know!! Anyways now with the broken LCD which isn’t covered by the warranty, Phones4U refused to have the phone fixed and Samsung have told me they will charge me up to £200 to fix it. For me repairing the phone is no longer worth it and so I will cut my losses and buy a new Samsung Galaxy S3 WITH a case! Basically this phone is for someone that is good with and can repair phones. The phone comes boxed with everything that came with it except earphones (didn’t think it was hygienic to include them). Other than the things mentioned, the phone works perfectly fine and the battery still holds a good charge. The screen is scratch-free as there is still a screen protector...
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...the responsibility of fixing Xerox’s debt problems. Even though she did not know how to fix everything, she made it a point to educate herself on the unknown subjects and began to find a way to fix them. Not only does Anne Mulcahy show what it means to be a leader, she also showed what it meant to have great managerial skills. This paper is going to discuss what it took for Anne Mulcahy to fix Xerox. Despite the massive $18-billioin debt Xerox had accumulated, Anne Mulcahy had a vision and a plan to save the company she loved. In order to achieve her goals, she needed to get her co-workers on board, as well. In order to get her co-workers on board, she needed to have a well thought out plan of action. Anne recognized there was a massive debt looming over her company, and she also recognized that Xerox was about to go under. Despite the negative remarks people gave to Anne for trying to fix the company, she went ahead and fixed it. By doing so, Anne saved thousands of jobs. Before Anne Mulcahy became CEO, the previous CEO had put the company further in debt. His managerial skills were faulty because there was a lack of structure and there must have been a large amount of uncertainty. This can be assumed because he had only lasted 13 months as CEO. When there is a lack of structure and uncertainty, there will always be conflict. The conflict here is that the old CEO had done nothing to fix Xerox’s debt problem, did nothing to help Xerox grow, and instead, was a key cause in the...
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...Saturation or information overload | Mechanics face information need to work on vehicles but the sort the information and determine what’s more important and what they have the ability to do at the time. | Fear of Risk taking | While working on a computer there many ads and pop ups that show up at random times and if you see one that looks interesting to you; you most likely won’t press on it in the fear of getting a new virus. | Lack of Appetite for chaos | While working on our class project we all have an idea of an answer however not all of us agree on the final outcome. | Judging rather than generating ideas | When fixing a pool that you have fixed before you come back at it with a negative attitude assuming you will never be able to fix it. | Lack of Challenge | When given a group assignment most people go for the easiest take that doesn’t require much time or effort. | Inability to Incubate | Rushing to put presentation together just to get it done and over with even though it might not have all the information. | Negative Attitude | When working on the yard you focus more on the fact you’ll be sweaty and have cuts than thinking of the positive outcome | Fear of failure | Working as a waiter you have the fear that you won’t remember someone’s order or table. | Fallowing the rules | Going against your boss’s word and work policy you sneak around it. | Belief that you aren’t creative | Creating a homemade card after so many attempts and mistakes you give...
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...recipe for disaster in the first place. This lead to the customers of Intel to assume that the company was not completely trustworthy. Finally in November of 1994, Intel announced the flaw, although they have known about it for months. Intel did not handle this problem correctly. Intel should have at first notice of the flaw conducted a full recall of all the processors possibly affected. Not announcing a flaw of this level was a huge error on Intel’s part. They could have announced the problem and offer fixes to address the issues at hand. Waiting to announce this until months after the fact was a huge let down for customers. Customers expect that if a company finds a problem with their products that they inform them about it and provide a fix to the problem. Intel finally announces in December of 1994, that there would be a total recall, replacement, and destruction of all of the flawed processors. Something that should have happened months before. Finally, they have done right. Intel commits to purchase of all chips produced through the end of the year in January 1995. Intel sets aside 420 million dollars to cover costs of replacing all flawed processors upon request in mid-December 1994. If a flaw of this nature happened again today, with the economy as it is and they acted as they did back in 1994. Intel would more than likely be looking for a way to run. Today, Intel has competition that could very well take Intel customers. The only thing Intel may have to hold them up...
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...free because I can find more than one way to solve just one question. I always made questions and focused one’s attention to find solutions. However, if you think that you have talent, then you don’t practice anymore; it will make your brain become slower and slower. You will be lagged behind your classmates who have intension. Practicing everyday will help you calculating faster and improving your accuracy. Besides being good at math, I was also interested in fixing machines. I often fixed my things in my house even though they were in good condition. If they were not broken, I would also dismantle them, so my parents called me a naughty boy. In my family, I was mostly self-fixed machines although I still had few mistakes. My father could fix machines, but he didn’t do that because he knew that’s my favorite job. I disassembled and fixed them many times until I could remember the structure of machines. I was a curious boy because I often wanted to know everything. I took apart household appliances to see how they work. I used to send weeks just repairing my computer. My parents told me that my face was very excited when I worked with machines, but it did not...
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...Putting your machine at risk The Beckman Centrifuge is designed to work at high performance. Its general purposes are to be able to work in high volume labs. As you may know that with the machine spinning round for up to 12 hours there can be many complications and potential risks if a part is changed incorrectly. If any of the parts end up damaged in your machine after 3 months of you owning it, call our helpline and we will send out one of our professionals to fix your machine within 5 hours for free. If we fail to so you will be granted with a brand new machine on us. However, if you make any attempt to replace damage items or open up the machine and potentially cause more damage, then the 5 hour fixing will not apply to you. After the 3 months we can supply the parts that are needed on our website, but be warned there are many other items on the internet that may fit the machine but will not withstand the high performance needs that our machine needs. If a part is broken in the machine and you buy an uncertified part for a lot cheaper than you would normally pay the likelihood is that you are putting lives, jobs and a lot of money at stake. Our number to call if your machine is faulty is 07453872532. We are open 24 hours 7 days a week. By putting cheap parts into your machine which are not registered as we said they may not be able to keep up with the machines high performance. Adding parts that are not registered can lead to the machine exploding, causing fires and overheating...
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