...To: | Boston Founders’ Fund of New England and New England Venture Associates | From: | John Taylor and Martin Grayson | Date: | March 6, 1981 | | | | | | | In our intensive search for the right company for buying we found Precision Parts Inc. It wasn’t as easy as we knew we knew already the criterion that was guiding our search. Also being aware that we have no knowledge on the industry we know we have to learn from the best to be able to maintain and create greater growth for the company. So we decided that Mr. Ricci as part of the selling deal will be staying with the company for an already agreed number of years (2), so we can learn and understand all the processes of buying, manufacturing and selling in the company. In deciding if as a future strategy we had to choose if we wanted to focus on custom or standardized parts and we found a broader market in the standardized parts. The demand since many years has been growing because of costs and flexibility. The estimates of the market size show a great pattern of growth for the past years and we hope it continues with the same rate (Exhibit 1). As our knowledge is concentrated in a different area, we wanted to incorporate our skills in growing and improving the company to assure everyone’s investment. The plan we are going to implement is focused on many areas that the company as right now is not giving the attention it needs and will for sure generate a bigger loyalty from our current customers, gain of new...
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...Práctica 1 1.- Descripción del aparato y principio de funcionamiento. [pic] • 1. Mordazas para medidas externas. • 2. Mordazas para medidas internas. • 3. Sonda para medida de profundidades. • 4. Escala con divisiones en centímetros y milímetros. • 5. Escala con divisiones en pulgadas y fracciones de pulgada. • 6. Nonio para la lectura de las fracciones de milímetros en que esté dividido. • 7. Nonio para la lectura de las fracciones de pulgada en que esté dividido. • 8. Botón de deslizamiento y freno. El calibre, también denominado cartabón de corredera o pie de rey, es un instrumento para medir dimensiones de objetos relativamente pequeños, desde centímetros hasta fracciones de milímetros (1/10 de milímetro, 1/20 de milímetro, 1/50 de milímetro). En la escala de las pulgadas tiene divisiones equivalentes a 1/16 de pulgada y en su nonio de 1/128 de pulgadas. El inventor de este instrumento fue el matemático francés Pierre Vernier (1580 - 1637 ), y la escala secundaria de un calibre destinada a apreciar fracciones de la unidad menor, se la conoce con el nombre de Vernier en honor a su inventor. En castellano se utiliza con frecuencia la voz nonio para definir esa escala. Consta de una "regla" con una escuadra en un extremo, sobre la cual desliza otra destinada a indicar la medida en una escala. Permite apreciar longitudes de 1/10, 1/20 y 1/50 milímetro utilizando el nonio. Mediante piezas especiales en la parte superior y en su...
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...Objective Adequate audience This course is suitable for people whose function involves capability evaluation in fields of tools/equipment/processes /materials/components Pre-requisite Basic statistical knowledge about standard deviation, normal distribution and control charts is required Objective After this course, trainees should be able to correctly perform capability evaluation and to precisely grasp its implication on studied characteristics 2 Confidential 2 Outlines of Cp & Cpk introduction •0. Overview – 0.1. What’s capability index ? – 0.2. Why do we need capability index ? – 0.3. Capability index application in SPC •1. Capability index understanding – 1.1. Basic statistical concept introduction – 1.2. Precision and accuracy – 1.3. Capability index – 1.4. Pre-conditions and condition •2. Capability index application – 2.1. Capability indexes comparison – 2.2. Grades of capability index – 2.3 Capability index vs DPM – 2.4. Sequence to improve process capability – 2.5. Capability index application examples •3. Case study – 3.1. The process for case study – 3.2. Improvement flow 3 Confidential – 3.3. Solder paste printing improvement 3 0.1. What’s capability index ? “Capability index” is a quantitative value to let us know information about a process performance ! It advises us of How stable a process is ! How capable of meeting specification a process is ! 4 Confidential 4 0.2. Why do we need capability index 1. To have...
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...Chemistry and Society (Name) CHM/110 Due Date Instructor Chemistry and Society Chemistry is an important part of our society. It is used for manufacturing the products we use, medicine, and just about every other aspect of our lives. This document will discuss how society depends on the accuracy and precision of measurements, the difference between accuracy and precision, and compare and contrast accuracy and precision of different types of measurements used in our daily lives. Accuracy and Precision Since the bulk of this discussion is about measurements, we will start off by discussing the difference between accuracy and precision in that context. When making any kind of a measurement, we need to be able to get as close as we can to any certain number. The question often asked is, how close to the actual number can we get? If we can get close that number that would be considered accuracy. When we think about precision, it is a different concept. Once we have been as accurate as we can be with our measurement, precision would be how many times we can achieve that measurement. Can it be duplicated? Society Dependence on Accuracy and Precision When we think about all of products available in the open market, we, as consumers, expect consistency in the products we buy on a regular basis. For example, Diet Coke is product a lot of us love to consume on a regular basis. We expect that soft drink to have a certain taste and not be flat. If we were to buy it...
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...Calveta Dining Services, Inc. Jinu JosephPA1115 | Abstract Calveta Dining Services, Inc. was a $2 billion, privately held firm that provided food services to almost 1000 senior living facilities (SLF’s) in the United States. Antonio Calveta, the founder of Calveta Dining retired in 2007 after 35 years of leadership and he named his eldest son Frank as the new CEO and told him to double the company’s revenues within a space of 5 years. The dilemma that Frank was facing was that even after 2 years into this job of his he did not have any credible strategies to fulfill his father’s promise or to attain aggressive growth as his father wanted. Calveta Dining Services owed its success to Antonio Calveta’s passion for food, traditional family values and the customized services they offered to the SLF residents. Frank was named CEO of the company over his other siblings including his sister Jennifer Calveta who was more suited for the job, now Frank was left with the option of expanding their business by acquiring Great South West Dining (GSD) or to enter into the hospital segment and diversify their business and at least try and come close to meeting his promise to his father. Analysis The United States Census Bureau’s survey showed that only 25% of the total SLF’s in USA had contracted to food services, this survey alone shows that there is a great potential for growth in the SLF’s segment and therefore it would have been meaningful for Frank to buy Great South West Dining...
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...departments; heavy maintenance, shop maintenance and finance. (partial implementation) 2) How does Maintenix improve operational efficiency and decision-making? • Matintenix provides a system platform that is accessible via the Web and easy to deploy to all stations around the world. Mxi claims that their software reduces repetitive tasks and time chasing missing or incomplete information by allowing maintenance, engineering, and finance divisions to easily share information. This assures the improvement of operational efficiency. • Maintenix can supply data to the company’s existing enterprise resource planning and financial software. • Wireless deployment also make Maintenix more effective, since aviation technicians, equipment, and parts are always on the move. • All of the information provided by Maintenix’s various modules is located in one place. This results in more rapid scheduling and avoids pitfalls of poorly organized information systems. 3) Give examples of three decisions supported by the Maintenix system. What information do the Maintenix modules provide to support each of these decisions? Maintenix software package consists of 6 different modules which are separate segments of the product and interconnect. • The Maintenix engineering...
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...Comparative Response Strategies- Introduction: In the current competitive market, various rivalries between industry giants may be witnessed. There are various components in which these competitions are studied. The core principle of such competition should be focussing on one’s own strength and avoiding one’s weaknesses. But, many a times, companies and industries tend to neglect this fundamental. Various companies implement various marketing mixes with different composition of the constituents. There for to analyse the action-response relationship can be studies by a matrix called Comparative Response Matrix. Comparative Response Matrix: The Comparative Response Matrix is an important tool used to study the competition between two companies. The matrix has three parameters namely Price, Quality and Advertisement. These three parameters give a 3x3 matrix which give us nine different action-response parameters. The matrix can be drawn as follows: COMPANY B(Response) | COMPANY A(Action) | | | Price | Quality | Advertising | | Price | Cp,p | Cq,p | | | | | | Ca,p | | | | | | | Quality | Cp,q | Cq,q | Ca,q | | Advertising | Cp,a | Cq,a | Ca,a | Table1. Comparative Response matrix Therefore all the nine parameters mentioned in the table signify the responses taken by company B against the actions taken by company A. We can further discuss each parameter separately using examples from the industry in detail. 1. Cpp : The...
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...Career Plan Reflection BCOM/275 3 November 2014 Bruce McEwan, Ph.D. Career Plan Reflection I found the Career Plan Building Activity to be both helpful and trivial. There were 4 segments in this survey tool and I noticed dead accurate results on the first two but the remaining two seemed illogical and contradictory. The Career Interests Profiler segment results showed I would excel in any technical field to include engineering, law and technical sales. I could definitely understand the results and the questions in the survey seemed to be logical and presented in a way to which I wasn’t forced to contradict myself as I would see in a later segment. The Competencies segment was also logical and I would agree with the findings. It showed strengths in the areas of taking initiative, coping with pressure, applying expertise, writing, researching and presenting. I do hold myself to a high standard in all of those categories and already consider those some of my strengths. Under the Work Culture Preference section I found the questions to be trivial and the restrictions on how the answers were to be submitted forced me to directly contradict previous answers. There were a great number of questions repeated but due to the compound questions and the format in which they were presented I found myself frustrated and unable to accurately answer. An example is similar to having the user choose their single favorite and single least favorite among three choices: dogs, leadership...
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...Segmentation, Targeting, and Positioning Segmentation, targeting, and positioning together comprise a three stage process. We first (1) determine which kinds of customers exist, then (2) select which ones we are best off trying to serve and, finally, (3) implement our segmentation by optimizing our products/services for that segment andcommunicating that we have made the choice to distinguish ourselves that way. Segmentation involves finding out what kinds of consumers with different needs exist. In the auto market, for example, some consumers demand speed and performance, while others are much more concerned about roominess and safety. In general, it holds true that “You can’t be all things to all people,” and experience has demonstrated that firms that specialize in meeting the needs of one group of consumers over another tend to be more profitable. Generically, there are three approaches to marketing. In the undifferentiatedstrategy, all consumers are treated as the same, with firms not making any specific efforts to satisfy particular groups. This may work when the product is a standard one where one competitor really can’t offer much that another one can’t. Usually, this is the case only for commodities. In the concentratedstrategy, one firm chooses to focus on one of several segments that exist while leaving other segments to competitors. For example, Southwest Airlines focuses on price sensitive consumers who will forego meals and assigned seating for low prices...
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...Hello! Thank you for your question regarding the statistics of test takers and their test preparation expense. The short answer is that there are variations based on the specific type of test. I have prepared a response for each of the tests. Below are the details of my finding. TEST STATISTICS: For the statistics on test preparation cost, I have assumed the cost of test preparation materials found online for each of the tests. GRE: According to data from an ETS report, the total number of test takers for the general GRE between July 2013 and June 2014 was 572 779. Of this figure, 59% was US citizens while 36% was non-US citizens. The citizenship status of the remaining 5% percent was not specified. Preparation for the test varies as individuals may decide to buy the GRE test preparation samples available online. Assuming one prepares with the super kit, the cost is $70 for a soft copy. The cost of the taking a GRE test is $220.70 for Chinese test takers and $205 for test takers from the rest of the world. The test is available in about 1000 test centres around the world. The paper-delivered tests are offered three times a year at each test centre while the computer tests can be available for up to three times a month in Mainland China, Hong Kong, Taiwan and Korea test centres. These data translate to a minimum of 3000 tests offered per year. GMAT: A report available from GMAC indicates that GMAT had a total of 247,432 GMAT test takers between July 2014 and June 2015. This...
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...PART3 Individual Journal Reflecting On Group Experience. 1. Describe We have a lot of differences in choosing the research model and the data because each of us has our own understanding and opinion about this assignment. Our resources are different and limited so we cannot reach an agreement at the beginning. 2. Analysis The reason of the difficulty is that some parts of the assignment need the data on some websites like ASX and others come from the financial statement. That means the resources of each part is very different and limited. Using limited resources to do research is difficult and challenging. But this is a good opportunity to improve our academic ability. And also in order to improve the integrity and rationality of the whole assignment, we must consider our teammates as far as possible, such as using the same data range. Besides, there is a very important point in the whole assignment. Sometimes one person finishes his part and calculates a ratio as a result. It seems that he has done his part. In fact, the ratio is very important or the key point in the teammates’ part, so he must take the rationality of the result in consideration, or it will create a lot troubles for the teammates. 3. Evaluation A group assignment is different from the individual assignment. Although the distribution of the sections seems to reduce the burden of everyone, it is necessary to spend more time and effort on the discussion, compromise and even debate which out...
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...Tamala Ruffin ENG 1250 October 11 2014 How to do a sew-in weave First, setup a work station so that you have all your supplies to be readily available. After the station is setup lay out all of the supplies that’s needed. The supplies that are needed for the service are at least two combs, a towel, clips, needle and thread, the hair, curling or flat irons (depending on the desired style that's to be achieved), oil sheen, and hair spray. Next, wash and blow dry the client’s hair. After the hair is thoroughly dried you began the parting. Parting can vary depending the outcome that's to be achieved. For a more natural look, and versatility the desired parting would be four sections. At the very top of each section leave at least an inch of hair unbraided to cover up the weave wefts. Once the four sections are done, begin to braid each section making sure the braids are not too big. Braid the hair in a horizontal pattern until you get to the ends leave the ends hanging, although it looks odd just hanging there once you start to sew-in the hair you can just simply add that hanging braid with the first row from the bottom you start to apply the hair to (sample web page). Now you can begin to thread your needle making sure you have enough thread to cover the weft of hair being used. Starting from the back of the head measure the weave hair against the braid that it's is going to go on than cut it. Place the cut weft on top of the braid, and began the process of sewing...
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...#1 没有理论 （No theory） #2 概念和操作并不一致（Concepts and operationalization not in alignment） #3 缺乏充分的定义—理论 （Insufficient definition--theory） #4缺乏充分的合理性—研究设计（Insufficient Rationale-Design） #5 整体结构不统一和流畅（Macrostructure-Organization and Flow） 多个作者写一篇文章的时候要注意 #6 业余的文体和词句（Amateur Style and Ton） #7 不合适的研究设计（Inadequate Research Design） #8与期刊主题不搭边（Not Relevant to the Field） #9过于强调统计方法（Overengineering） #10 结论部分过于简单，没有将其同前文的理论，方法部分同等看重（Conclusion Not in Alignment） The important thing is to use the conclusion section to fully develop the theoretical contribution and to point out the new understanding from the study. 结论部分突出理论贡献，并指出本文的新理解 The conclusion section should build on and be congruent with previous parts of the manuscript. The conclusion section deserves as much attention as the theory, method, and results sections, because the conclusion section explains what it all means. #11 把数据切块发表论文（Cutting up the Data） 这里要注意不要造成一稿多发。 怎样写好一篇论文常常与如何评价一篇论文有关，知道了论文的评价标准，实际上也就大致知道了写好一篇论文的方向和要求。 1 何谓实证性研究论文 实证性研究论文包括试验报告、调查报告、经验总结报告、行动研究报告、观察研究报告、个案研究报告等。这些研究报告的文体有其独特的结构模式。例如，试验研究报告的结构模式为：①题目；②问题的提出；③材料与方法；④结果与分析；③讨论与结论；⑥参考文献。 一般而言，实证性研究的文体结构严谨，表述规范，格式相对固定，在大多数情况下，研究者需经历一定的研究行动或研究实践才能完成。这类论文以检验假设、证实理论判断，或获得经验体会为主要特征。在行文上，一般先陈述研究背景、研究价值、研究目的或假设，有关变量、研究过程和方法，然后，重点陈述研究结果，并对所得到的结果进行分析讨论，指出新发现的情况和问题，最后，针对所得的研究结果，回答对理论假设的检验情况和是否达到研究目的、解决了研究问题，或陈述研究者的见解，也可提出进一步探讨的问题和建议。必须注意的是，对研究问题、变量、过程与方法的陈述，要清晰、准确，简明扼要；对研究结果的描述和解释要客观、平实，条理清楚；讨论问题应以客观事实为依据，采用科学的语体，恰如其分地阐析和评价；作结论应全面归纳、高度概括。 2 评价方法 ...
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...A Decision of Uncertainty A Decision of Uncertainty Paper There are decisions that people make where the outcome is presumably known and, there are the decisions that people make where the results are unknown. The latter part of the aforementioned statement is also known as decisions of uncertainty. To make these choices with more confidence, we will explore concepts that will formulate these judgments. We also have to include appropriate probability concepts that will help limit uncertainty in certain decisions. This paper will disclose the decision to reside in the tri-state area with the probability of destructive hurricanes occurring. Next this paper will reveal concepts and the outcome from the statistical analysis that was used to determine the final decision and, the tradeoffs between accuracy and precision required by various probability concepts. As a final point, this paper will demonstrate the effects the decision had on the data provided and the decision that was ultimately made. Probability Concepts and Application Hurricane Sandy hit Atlantic City, New Jersey on October 29, 2012. A 900-mile wide storm, Sandy affected the entire northeastern United States with devastating winds, rain and floods. New Jersey and New York suffered the worst from the super storm leaving thousands of people without power for days. People living in this area were not prepared or expected the storm to devastate the area as it did leaving homes and personal...
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...▪ Description [pic] ▪ Executive Summary ▪ Content Page ▪ Introduction The commercial aircraft engine consists of 3 major modules namely the Fan, Core and the Low Pressure Turbine (LPT). Each module will then be split into sub modules before it is stripped into individual parts. The engine is made up of thousands of parts put together and a typical shop visit (input, repair/upgrade, assembly, testing) will take approximately 60 days to complete. The current system of achieving the 60 days target is done by dividing the resources into 4 different sections. Each section will be in-charge of each module’s strip and assembly. Upon completion an additional team will put together all 3 major modules together before it is sent to the Test Cell for an engine run. The objective of this paper is to look into how the process of engine may be streamlined to reduce the overall turn around time (TAT). Some concepts and models adapted from an article “10 effective performance tools for 21st century managers” by Prof KC Chan (Reference 1) and the “Stage Gate System” by Robert R Cooper (Reference 2) will be incorporated to illustrate how to create an efficient system for the engine shop. The goal is to achieve at least 15% reduction in the TAT per engine. With a typical input of 100 engines per year, the target savings in number of labour days is approximately 900 days. Using the labour days multiplied by the cost...
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