...decisions. ECO 550 Week 2 Discussion Question 1 1. From the e-Activity, if you were a manager in a tobacco company, analyze the elasticity of demand for tobacco products. Evaluate the factors involved in making decisions about pricing tobacco products indicating which would be the most influential. 2. Using the same scenario above, discuss how the elasticity influence the short-term and long-term decisions of the company and the impact to the decision made related to profitability. ECO 550 Week 2 Discussion Question 2 1. Provide an example when it would be appropriate to conduct a time-series or cross sectional data. Discuss the potential problems that may arise with your example and identify strategies for minimizing the impact of the potential problems. 2. Discuss the meaning of the regression coefficient of the independent variable(s) and how it could be used to estim...
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...Implementing a tier III data center is so important, since it will make our data management more efficient. Continuing to use a Tier I system is causes us to experience frequent down time since it is has no safeguard to an unplanned interruption in service. However, the key features of a Tier III data center provides backup in case of power outages and allows for data access when certain paths aren’t accessible. This will reduce downtime by .31%. (Uptime Institute) These multiple independent distribution paths aim to continue system operation in the case of any disruption from unplanned circumstances. They also include multiple cooling distribution paths and are concurrently maintainable (datacenters.com), meaning that system problems could be fixed while the system is still online. Installing a tier III data center will strengthen our data management. After analyzing the figures, it is the clear that we will see a quick return on our investment in a Tier III data center. Installing the data center will take a year to complete and cost us $35 million dollars. Although this might seem like a large investment, we must keep in mind that we lose $14,800 dollars for every minute of downtime. With 10 outages to our ERP system in the last year alone, minimizing the amount of downtime is crucial. After installation of the data center is finished, our company will have saved over $48 million dollars in recovery of downtime over the next three years. Investing in redundant safeguards to our...
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... Disaster Recovery Veronica Maven Strayer University CIS 359 Professor James WILHOIT July 18, 2011 The primary objective of disaster recovery planning is to protect the school district in the event that all or part of its operations and/or computer services is rendered unusable. Preparedness is the key. The planning process should minimize the disruption of operations and ensure some level of organizational stability and an orderly recovery after a disaster. Other objectives of disaster recovery planning include providing a sense of security minimizing risk of delays guaranteeing the reliability of standby systems providing a standard for testing the plan. Minimizing decision-making during a disaster the three-part diagram illustrates the planning process. 1. Management Commitment Top management must support and be involved in the development of the disaster recovery planning process. Management should be responsible for coordinating the disaster recovery plan and ensuring its effectiveness within the organization. Adequate time and resources must be committed to the development of an effective plan. Resources could include both financial considerations and the effort of all personnel involved. 2. Planning committee A planning committee should be appointed to oversee the development and implementation of the plan. The planning...
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...Executive Proposal CMIT 321 Certified Ethical Hacking Kowaine Baker University of Maryland University College Executive Proposal The Solarwinds software was developed to assist in management and addressing of security exploits, real-time network health and change management among other areas of today’s ever changing Information Technology (IT) data environment. This software assists the security manager in safeguarding vital business data through the compilation of network device information and real-time awareness of network health, firewall configuration and patch management with deployment. The software is modular and can be configured to meet the needs of the organization in which it supports while minimizing service interruptions which lead to the loss of productivity. Solarwinds offers a multitude of modules that range from configuration management to help desk trend analysis and firewall management. This is a non-platform dependent software solution which can manage firewalls and devices for proper patch management. This solution can be configured by the most novice IT professional while not breaking the bank. Its scalability can support anywhere from 10 users to many hundred users. The Solarwinds software solution can be a great addition to any network security solution. The benefits you will be getting from this software cover a large spectrum of security hardening techniques from the firewall configuration and management to end user patch management. Solarwinds...
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...Inventory Proposal, Part 1 QRB 501 Inventory Proposal, Part 1 McDonald’s is an organization that offers fast food, which includes hamburgers, French fries, and other items, to the public. McDonald’s restaurant works to provide hot and fresh food to its customers. Maintaining freshness is sometimes difficult due to the inventory problem it faces. “What used to be the case was McDonald's would pre-cook a batch of hamburgers and let them sit under heat lamps. They would keep them for as long as possible and eventually discard what couldn't be sold” (Atkinson, 2005, p. 1). Minimizing waste is the goal of McDonald’s just in time inventory system. The benefit of making food when it is ordered is that the customer receives a fresh product and McDonald’s can eliminate waste and protect their inventory. “The only way to get a fresh hamburger under the old system was to make a special order. Now, due to more sophisticated burger-making technology (including a record-breaking bun toaster), McDonald's is able to make food fast enough to wait until it's been ordered” (Atkinson, 2005, p. 1). Inventory Management Problem Every business incurs operational costs and in restaurants inventory control is particularly important because the items held in inventory tend to be highly perishable. “It is not uncommon to have several hundred different types of raw food product in storage at any one moment and poor management leads to a significant waste” (Said, 2012). Each McDonald’s restaurant...
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...customers to contact the IT Service Desk if their systems are found to be non-compliant with the current security baseline. However, it should be feasible to take the existing technology and modify functionality or add a pug-in module in order to obtain the desired effect. This technology does exist and is in use in other organizations with similar network structures and components which mean this solution should not be a totally new concept and a variety of options should be available. The automation of this process will save thousands of man-hours per year for both technicians and customers. 3. TECHNOLOGY CONSIDERATIONS IT managers desire a simple and easy way to ensure system meet intended security requirements while minimizing customer service interruption to the extent possible. While the IT department maintains the current set of network tools and provides all operation and maintenance for over 10,000 desktop computers, it currently does not have the expertise or time to internally design, build, and implement an automated tool to resolve security issues with desktop computers. Therefore, the recommendation is to contract this work out to an IT vendor who can work with the IT department to meet its needs within the determined...
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...business in 95 countries firm faced a number of risks. Honeywell’s risk management activities were dispersed throughout the firm as shown in the table. Other risks were managed operationally. [pic] The committee voting for this new program depends on whether the anticipated savings of the program would be realized, and whether the coverage provided by the new contract would be adequate. The proposed plan is a first step in a firm wide integrated risk management program that would extend to cover all of Honeywell’s financial and operational risks, the finance committee’s decision would establish Honeywell’s risk management strategy for some years to come. Honeywell’s existing strategy was consistent with its risk management objective of minimizing earnings volatility and its cost of risk. The team wondered about the applicability of the relatively new concept of enterprise risk management, which is grouping many risks together into a portfolio of risks, rather than managing each risk separately. The team thought that the new enterprise management concept could be implemented through an innovative insurance contract. Though the idea seems promising the organizational barriers involved in developing such a program were daunting. A significant challenge for the Honeywell team members designing the new integrated program was finding out the optimal risk management structure in terms of appropriate...
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...Transcript of Copy of EFFECTIVENESS OF RETENTION POLICY AMONG ACCOUNTANCY STUDENTS 1. There are no common problems among accountancy students on why they fail their accounting subjects. 2. Retention policy of an accountancy student is very important in order for them to become a Certified Public Accountant. HYPOTHESES INTRODUCTION 1. What are the common problems why accountancy students fail to pass their accounting subjects? 2. What are the advantages and disadvantages of having a retention policy? 3. What retention preparedness program is being used to help accounting students pass their major subjects? Statement of the Problem For student to strive harder to be able to know whether they are fit in the program or not. For accounting instructors to know on what are the students’ perspective on having a retention policy. For Administrators to have an idea on creating a program in the preparation/preparedness for retention policy to all accountancy students. SIGNIFICANCE OF THE STUDY These are some schools who also implement the Retention Policy among Accountancy Students: Review Related Literature The descriptive normative method of research was used with the questionnaire-checklist. Descriptive research, according to James P. Key of Oklahoma State University, obtains information concerning the current status of the phenomena to describe “what exists” with respect to variables or conditions in a situation which involves range from the survey which describes...
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...LEAN LOGISTICS INTRODUCTION Every class we have had and every paper we have read has shown us that logistic activity involves delivering products and services where they are required at the exact time needed. In order to achieve this, logistics require the correct and precise administration of order processing, inventory, transportation, but also the consolidation of warehousing, materials handling and packaging, all these activities through an integrated network of facilities. We can see in our daily life that it is very difficult to imaging accomplishing a whole variety of operations such as, manufacturing or international commerce without logistics. In an effort to go deeply into the logistics wide and complex world we are willing to investigate an specific area of it, which we believe is the main goal of today’s logistical operations: Lean Logistics. Having a Lean system, without waste, allows us to give better and quicker response to the demand, and makes enterprises improve in many if not all activities. Writing this report represents not only giving definitions, and researching the most possible information that can be extracted from different reliable sources, it is more than that. It is interpreting data, analyzing information, and demonstrating how effective this logistical approach can be inside a company. DISCUSSION Companies are always pushing themselves to improve in order to obtain an advantage over their competitors. They frequently feel...
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...water, and so they’re excellent for your overall health as sources of fiber (apple), potassium (banana), calcium, folate, other B vitamins and healthy fats (avocado). One or two portions of organic fruit per day are enough to add to your diet. Veggies are a rich sources of fiber, and can play a vital role in fat reduction, minimizing cholesterol levels and is essential in helping to prevent excessive fat cell production. Raw veggies are also rich in fluids and minerals, and eating varieties such as green peas, cucumber, sweetcorn, raw carrots, eggplant/aubergine, broccoli, cauliflower, cabbage, spinach and kale, can all help to increase the advanced glycation end products which can cause damage in the body. Source http://www.talklipoedema.org/new-page-1/ Low Glycemic Carbs/Complex Carbs Carbs with a lot of fiber and nutrients such as whole wheat, brown rice, quinoa, nuts, seeds, and barley are great options, that if eaten in moderation can allow less chance of storing the extra glucose as fat, which can contribute to weight gain. Foods to Avoid Alcohol: Cut back on red wine, in particular, in order to stop the increased storage of fat cells and the interruption of the digestive process. Salt: Foods high in sodium can interfere with your electrolyte balance and leads to fat storage, and thus, fat and weight gain. Less Refined Foods: Simple sugars can increase insulin levels and cause fat to grow, since the body doesn't burn simple sugars fast enough before turning into fat cells...
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...teacher and pupil time, plans for transition periods--changing from one activity to another or from one place to another--pupil involvement and motivation, and adequate control of pupil behavior. Good classroom management implies not only that the teacher has elicited the cooperation of the students in minimizing misconduct and can intervene effectively when misconduct occurs, but also that worthwhile academic activities are occurring more or less continuously and that the classroom management system as a whole (which includes, but is not limited to, the teacher's disciplinary interventions) is designed to maximize student engagement in those activities, not merely to minimize misconduct. What do good classroom managers do? | | * They have a set of routines and procedures that they teach students. * They maximize the classroom’s physical space to facilitate easy teacher movement and proximity, as well as student movement and transitions. * They begin the year with a set of class rules or guidelines that they explicitly teach, monitor, and enforce. * They plan well (they don’t wing it). * They display "with-it-ness". * They deal with interruptions effectively and efficiently. * They encourage and nurture a sense of community, respect, and personal relationships. * They have a collection of corrective consequences for mild misbehavior. * They have a repertoire of options for dealing with discipline problems. * They know when to bend the...
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...Natural Disaster Insurance and The Equity-Efficiency Trade-Off This article written by Pierre Picard investigates the role of private insurance in the prevention and mitigation of natural disasters. it characterizes the equity-efficiency trade-off between policy makers under imperfect information about individual prevention costs Pierre Picard , with one simple model, illustrates how tax cuts on insurance contracts can improve incentives to prevention of natural disasters. ------------------------------------------------- and highlights complementarity between individual incentives through tax cuts and collective incentives through grants to the local jurisdiction. ------------------------------------------------- INTRODUCTION As we know and have heard several times today, the last decades have witnessed the worldwide increasing frequency and intensity of weather-related catastrophes. Windstorms, typhoons, floods, landslides, and heathwaves were more and more frequent and we have experienced an increasing trend in economic losses due to weather disasters, and an even stronger increase in insured losses. According to preliminary estimates from Swiss Re’s sigma team, 2011 was a Year of highest ever economic losses ! In 2011, total economic losses to society (both insured and uninsured) due to disasters reached an estimated USD 350 billion. And insured losses for the global insurance industry reached USD 108 billion in 2011.which is more than double than in 2010. ...
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...Maulik Joshi Theory of Constraints Theory of constraints (TOC) is about thinking in logical, systematic, or structured. It is about analyzing cause and effect, verifying basic assumptions, exploring alternatives and process improvement. The goal of TOC is to maximize the efficiency of a process selectively at the most critical points and thereby maximize profitability, quality, or other corporate objectives. The TOC has two major components. First, a philosophy that underpins the working principles of TOC. This is often referred to as TOC’s ‘logistics paradigm’ and consists of five steps for on-‐going improvement, the drum-‐buffer-‐rope (DBR) scheduling methodology, and the buffer management information system. This philosophy suggests that the main constraint in most organizations may not be physical, but in fact managerial-‐policy related. To address the policy constraints...
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...importantly, being safe while on the job. Safety is embedded in the fabric of Cintas. Cintas is widely recognized as an industry leader in safety innovation and everyday they work relentlessly at all levels of the company to be sure that remains true. Disruptions while working can have a negative effect on your business when you are trying to please a customer or finish a task in a timely manner. The key to managing disruptions is simple, it is all about how you or your employees can manage them. An important aspect to consider when managing disruptions is to manage your time and space. Reserve regular blocks of time for work that requires concentration. Another point to consider when managing disruptions is to limit your technology interruptions. Turn off email and text alerts and if your role allows, only check your messages two to three times a day. Reserve your personal calls and errands for the lunch hour. Last, but not least, organize your workspace to minimize visual distractions. One suggestion is to have a tray for incoming work and keep only the project you are working on now in front of you. Another method that Cintas uses to implement lean is to make their operating system more flexible. In some cases this...
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...Applied Managerial Marketing Student’s Name Course Institution of affiliation Instructor Date Marketing and Market Planning Marketing function for the profit making organization is a primary function as it is the channel where income is generated. It is, in that way, paramount for an organization to have a productive marketing plans to flourish in the operations undertaken. The marketing function is primarily controlled through the 4Ps of marketing namely place, price, promotion and product. The 4Ps guides the marketing mix in order to produce a strategic channel. The strategic channel is used in maintaining and acquiring greater market share, reducing costs and at the same time maintaining a continuous competitive edge against the competitors (Ann‐Marie & Andrew, 2012). For this assignment, the discussion will major on the place factor of marketing. Place is where the consumers and sellers meet. Diverse factors affect the marketplace. The effects of place impact a firm both internally and externally as well as posing controllable and uncontrollable forces. The primary market forces include technological, economic, demographic, political, and cultural factors (Ann‐Marie & Andrew, 2012). The factors have diverse effects on the operations of an organization. In the case of Michelle, Elena, and the Mobile Manufacturing, Inc. (MM), with the consideration of exploiting global market, the most crucial factors to consider...
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