...The Mikes Bikes simulation is an exciting and interesting way to gain critical insights into the development of a business. By operating a simulated bicycle manufacturing corporation over a period of ten years was an opportunity to gain insights on a real entrepreneurial experience. It allowed us to expand on the ideas taught in class such as creating a business strategy and using tools like SWOT and Porter’s five forces. We had many assumptions initially regarding the procedures but gradually we could learn the basics by facing enough challenges and by trial and error method. These skills cannot be learned by the usual form of lecturing. Considering our team, this was our first comprehensive exposure to real business environment. Each...
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...Simulation Summary The issues that can be involve in resolving legal disputes in international transactions would be the conflict of laws. Some of the laws are concern with civil and commercial. This can be the jurisdiction of a Court, the law governing the relationship and the recognition and enforcement of the judgments. What some practical consideration in taking legal action against a foreign business is to look at the written agreement (contract). In the contract it should state the governing law and jurisdiction clauses. The governing clause would let the company know which country law will applies to any disputes under the contract. The jurisdiction clause will affirm in which country the legal action needs to be taken. For CadMex’s should take into account the decision to grant sublicensing agreements would be the financial revenue, open-ended terms, and finally the technology. Also CadMex’ should take into consideration the sublicensing rate, will it reflects the contributing value. When country custom and laws conflict with the customs and laws of an organization, it would be of expectations that the organization or company would have taken into the account the country customs, culture and laws. What prevail are the customs and laws of the country that the organization is conducting business in. A company to invest in the people of the country by seeking out the understanding of culture and customs would be a benefit to the company. How I would compare my...
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...A SYSTEM SIMULATION STUDY ON THE THREE FAST MOVING PRODUCTS (MARLBORO, C2, VIVA) OF THE COLLEGE VARIETY SHOPPE USING THE MONTE CARLO SIMULATION IN INVENTORY MANAGEMENT EXECUTIVE SUMMARY This study shows how the selected three fast moving products (Marlboro cigarettes, C2, Viva mineral water) move from the current Inventory Management technique of the College Variety Shoppe from its distributors to its warehouse storage to the end user or customer. An excel program and a simulation model was made to observed its current performance. After the observation, the group performs an experimentation that will improve the current technique of the College Variety Shoppe. After simulating the experimentation, the group then give conclusions and recommendations on how to improve the College Variety Shoppe’s current Inventory Management. TABLE OF CONTENTS Title Page ........................................................ 1 Executive Summary ........................................................ 2 Table of Contents ........................................................ 3 Introduction ........................................................ 4 Methodology ........................................................ 6 Model Development ........................................................ 7 Model Validation ........................................................ 11 Experimentation, Results .......
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...materials such as Ultra/Advanced High Strength Steels (U/AHSS), aluminum alloys, magnesium alloys and boron steels in automotive industry is increasing to reduce vehicle weight and increase crash performance. The use of these relatively new materials requires advanced and reliable techniques to a) obtain data on material properties and flow stress, b) predicting springback and fracture in bending and flanging, c) selecting lubricants and die materials/coatings for stamping and forging and d) designing tools for blanking and shearing. In addition, designing the process and tooling for a) hot stamping of boron steels, b) warm forming of Al and Mg alloys, and c) optimizing the use of servo-drive presses require advanced Finite Element based simulation methods. CPF is conducting R&D in most of these topics and also in many hot and cold forging related topics. This paper gives an overview of this research and discusses how the research results are applied in cooperation with industry. Keywords: Metal Forming, Sheet metal, Forging, FEM 1 INTRODUCTION The Center for Precision Forming (CPF) has been established with funding from the National Science Foundation (NSF) and a number of companies (www.cpforming.org). CPF is an outgrowth of the Engineering Research Center for Net Shape Manufacturing (ERC/NSM – www.ercnsm.org) and conducts research in sheet metal forming while ERC/NSM focuses on cold and hot forging related R&D projects. Both Centers work closely with industry under contract....
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...Jet Copy Simulation Prepared by Joe Miller Prepared for February 7th 2013 TABLE OF CONTENTS INTRODUCTION SUMMARY JET COPY SIMILATION CONCLUSION AND RECOMMENDATIONS APPENDIX INTRODUCTION The purpose of this report is to examine the feasibility to for Jet Copy to purchase a second copy machine. Based on copies produced and lost with only the use of one copier. In this report I will use data from a simulation to assist in the determination of an additional copier for Jet Copy. As a reminder that this is a random simulation and the information in the simulation will only assist between when the test stop and 52 week will not have great affect on the outcome of the in the decision making. The simulation that was run was base on a 52 week scenario. The actual results are based on 51 week trial. The difference between the 51 week test and the actual 52 weeks will not have any great impact on the recommendation. ------------------------------------------------- SUMMARY This report creates a simulation that shows one possible outcome for Jet Copier when there one copier is out for repair for up to 4 days. It will also aid in the decision to ad d or not to add a second copier. This report will answer the following questions: 1. Using Excel to generate the number of days needed to repair the copier. 2. Using Excel to generate the interval between successive breakdowns according to continuous distribution. 3. Using Excel, use a suitable method to...
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...Applied mathematics in Engineering, Management and Technology 2 (2) 2014:466-475 www.amiemt-journal.com Using a combined method of hierarchical analysis and Monte Carlo simulation in order to identify and prioritize the target market selection criteria (Case study: Food distribution companies of Mashhad-Iran) Amir kariznoee Ph.D. student of Industrial Management,University of Mazandaran ,Iran (Corresponding Author's E-mail: Amir.kariznoee@yahoo.com) Monireh Bijandi Graduate of Accounting in Ferdowsi University of Mashhad,Iran Mahdi Ghayur Maddah Student of Public Management in Ferdowsi University of Mashhad,Iran Vajihe Mogharabi M.A. Student of Information Technology Management, Shahid beheshti University,Tehran,Iran Abstract The aim of this study is to identify and prioritize the key factors in selecting a target market in the food industry. In order to determine the components and subcomponents of this study, we have used previous researches in this area. In order to match these factors with the food industry situation and create a hierarchical structure, we have obtained the opinions of 323 experts about affecting factors on choosing a market in this industry with the use of questionnaire. Then, using a combination of hierarchal analysis process and Monte Carlo simulation and cooperation with 10 senior executives of distribution companies, the weight of each component and sub-component was determined. In general, four components and ten sub-components were...
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... Page no. 1) Certificate 2 2) Acknowledgement 3 3) Abstract 5 4) Introduction 6 5) Simulation code 8 ➢ Order Book 8 ➢ Diffusion 9 ➢ Price and Annihilation 11 ➢ One Trade return 14 ➢ Waiting time between consecutive trades 16 ➢ Conditional return 19 ➢ Hurst curve 20 6) Results and Discussion 22 7) Summary 28 8) Future Prospects 29 9) References 30 ABSTRACT This Project aims to simulate Order Book Fluctuations in a typical Stock Exchange using random variables. We aimed to simulate...
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...Westminster International University in Tashkent, Academic year 2013-14, Semester 1 Module name Personal Development CW weighting 40% Submission deadline TW12-13 Sem.One CW format (individual/group) Individual CW number and title CW 2 Oral presentation CW checks the learning outcomes 1- prepare documents about themselves, reflecting the personal development of a student (such as a portfolio, an action plan); 2- set goals for further improvement based on individual reflective learning; 4- communicate in writing and orally; 6- deliver a presentation Oral Presentation You will need to prepare an individual oral presentation. The Oral Presentation task will test your ability to communicate information in oral form supporting it with visual aids such as Power Point slides, posters, etc. The presentations will take place in TW 12-13 of semester one. Each presentation will last 5-6 minutes. It will consist of an introduction, the main body and a conclusion and will be followed by questions from the audience. You will be assessed on 1. quality of the content, 2. ability to structure the material, 3. interaction with the audience using body language and eye contact and dealing with questions appropriately 4. quality of visual aids. Prepare a presentation which is based on the topic “My personal learning from research on Mass Media in Uzbekistan” You need to follow the steps below: 1 Westminster International University in Tashkent, Academic year 2013-14, Semester...
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...results to be attained, not how they are to achieve them. CDRs use orders to provide direction and guidance that focus the forces activities on the achievement of the main objective, set priorities, allocate resources, and influence the situation. 6. Accept prudent risk – a deliberate exposure to potential injury or loss when the commander judges the outcome in terms of mission accomplishment as worth the cost. PRESENTATION OUTLINE / SLIDES A. Intro, purpose, references, procedure/outline 1. Greeting (poised and confident) 2. Purpose (BLUF) – relevant, focused, clear, concise, stating thesis 3. References (current and meaningful) 4. Procedure and outline, logical, posted or embedded throughout the brief B. Quick summary of events leading to battle. C. Analysis of mission command from one side of the battle – four of the 6 principles of mission command D. Quick description of the battles outcome on how the mission affected that outcome. E. Significance of this analysis. 1. Para B-E body of Mission Analysis paper 2....
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...4/11/2016 Purdue OWL Welcome to the Purdue OWL This page is brought to you by the OWL at Purdue (https://owl.english.purdue.edu/). When printing this page, you must include the entire legal notice at bottom. Contributors:Elyssa Tardiff, Allen Brizee. Summary: This resource describes why outlines are useful, what types of outlines exist, suggestions for developing effective outlines, and how outlines can be used as an invention strategy for writing. Four Main Components for Effective Outlines Ideally, you should follow the four suggestions presented here to create an effective outline. When creating a topic outline, follow these two rules for capitalization: For firstlevel heads, present the information using all uppercase letters; and for secondary and tertiary items, use upper and lowercase letters. The examples are taken from the Sample Outline handout. Parallelism—How do I accomplish this? Each heading and subheading should preserve parallel structure. If the first heading is a verb, the second heading should be a verb. Example: I. CHOOSE DESIRED COLLEGES II. PREPARE APPLICATION ("Choose" and "Prepare" are both verbs. The present tense of the verb is usually the preferred form for an outline.) Coordination—How do I accomplish this? All the information contained in Heading 1 should have the same significance as the information contained in Heading 2. The same goes for the subheadings (which should be less significant than the headings)...
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.... Introduction – You need to outline to your CEO the aim of report, the issue in focus (a quick summary from your brief), what management functions /theories are going to be covered, and how the issue is going to be addressed. 2. Defining and framing the Issue –You need to identify the underlying reasons why the issue has arisen in the first place (the ‘why’? question). As part of this, you will need to frame the issue in relation to the current practices with management functions (including supporting theory/theories) that may have contributed to the issue. You should include some consideration of any relevant environmental factors (internal/external) that may have influenced the issue. 3. Addressing the Issue – You need to show how you will address the underlying reasons that have contributed to the issue by outlining changes to the existing practices with the identified management functions (the ‘how’? question). Your arguments need to be supported with reference to theory/theories that endorse the new approach. 4. Conclusion – You need to provide a summary and evaluation of the key findings of the report. You may choose to identify some limitations and/or assumptions associated with the findings that reader of the report should be aware of. 5. Recommendations – You need to provide no less than two and no more than three recommendations on the courses of action that the business ‘should’ undertake. These recommendations should clearly and succinctly outline a suggested...
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...TOPICS IN AD HOC AND SENSOR NETWORKS Simulations in Wireless Sensor and Ad Hoc Networks: Matching and Advancing Models, Metrics, and Solutions Ivan Stojmenovic, University of Birmingham and University of Ottawa ABSTRACT The objective of this article is to give advice for carrying out a proper and effective simulation activity for protocol design. It challenges some of the existing criticisms of simulation practices that emphasized validation aspects. This article advocates the use of simple models, matching assumptions and metrics in the problem statement and simulation to provide a basic “proof of concept,” and comparison with truly competing solutions, which is possible only after a thorough and critical literature review. Then the complexity of the models can be increased (one parameter at a time), revising the algorithms themselves by adapting them to new assumptions, metrics, and the corresponding simulation environment. Selected independent variables should explain performance under a wide range of scenarios. unclear which protocol will perform well under a wide range of scenarios. It is our view that each article should be judged on its overall contribution, including the assumptions used, theory developed, new algorithms introduced, protocol details, simulation results, and relevance to an ultimate goal of staying on a path toward creating applications. We begin with a literature review of existing criticism for simulation practices, and then discuss what we believe...
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...The audio summary is a new product for the market. These is no direct competitor because we are the only audio summary in the market currently. However, the competitions are still existed since there are substitutes for our product. The substitutes include document summary and video review for textbooks. It is obvious that there are many different documental summary for textbooks in the market right now. For example, Koofers Notes is a website that allowed students to upload these course materials for others students, but the materials are delayed and unorganized. It has hundreds relative files for one course, and many of them are insignificant. It will take a great amount of time for students to find the information they want. In addition,...
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...Consulting Case Memo -- Outline Executive Summary While this section appears first, it should actually be the last thing you write. * The executive summary should be no more than one page. * Executive summaries are not “introductions.” They do not provide background. * Everything discussed in the executive summary should be explained in greater detail in the body of the memo. * If the only thing someone reads is your executive summary, your reader should have a good understanding of the problem, your proposal, the most important cost(s), and the most important benefit(s). Problem Statement Identify the problem in business terms. State clearly why the owner, president, or CEO should care about addressing the problem you’ve identified. Proposed Solution Identify the one most important action the company or organization needs to take to address the problem. Be as specific as possible in describing your solution. Costs of the Proposal Be as inclusive as possible when thinking about costs. Consider things like opportunity costs and the impact of the proposed change on the organization’s culture in addition to the more obvious financial costs. Identify every possible objection to your proposal. Why hasn’t the company already taken this step? The quickest way to have your recommendation rejected is to hear an objection to which you must reply, “I hadn’t thought of that.” Benefits of the Proposal How will your specific proposal address the problem you’ve...
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...This report provides an in-depth analysis of the two Everest Simulations conducted by Group 10 of MGMT1001 Thursday Tutorial. This task required students to form teams consisting of five to six members whose goals were to summit Mount Everest. While it provided us with a rich experience in team dynamics and collaboration, it also enabled us to explore key managerial concepts taught in the course, consisting of: • Communication • Groups and Teams • Leadership In this report, we examine the effectiveness of Face to Face Communication (FTFC) versus Computer Mediated Communication (CMC), and the problems encountered through the utilisation of the virtual medium including efficiency of the feedback system, loss of personal focus and other emergent issues. It includes personal reflections on attitudes and perceptions, as well as group performance and strategies adopted in the second Simulation in order to create a more positive team experience. Theories which relate to interpersonal communication have also been integrated in the report to illustrate its relation to certain situations encountered during the Simulation. Additionally, we provide a multifaceted analysis on the notion of team cohesiveness and how it attributes to better performance outcomes. An overview on the different intragroup conflicts encountered in the Simulation has been included, examining the positive and negative impact that conflict had on team experience and performance, and how mutual agreements were reached...
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