...ECO 372 Entire Course (UOP Course) For more course tutorials visit www.tutorialrank.com ECO 372 Week 1 Discussion Question 1 ECO 372 Week 1 Discussion Question 2 ECO 372 week 1 Individual Assignment Term Definition Paper ECO 372 Week 2 Discussion Question 1 ECO 372 Week 2 Group Discussion Question ECO 372 week 2 Team Assignment Industry Overview Paper ECO 372 Week 3 Discussion Question 1 ECO 372 Week 3 Group Discussion Question ECO 372 week 3 Individual Assignment Fiscal Policy Alternatives Simulation ECO 372 week 3 Team Assignment Economic Indicators Paper ECO 372 Week 4 Discussion Question 1 ECO 372 Week 4 Group Discussion Question ECO 372 week 4 Team Assignment Economic Indicator Forecast Paper ECO 372 week 5 Individual Assignment Applying International Trade Concepts Simulation ECO 372 week 5 Team Assignment Economic Project Paper ECO 372 Final Exam Guide ------------------------------------------------------------------------------------------ ECO 372 Final Exam Guide (UOP Course) For more course tutorials visit www.tutorialrank.com 1) The largest source of household income in the U.S. is obtained from 2) The market where business sell goods and services to households and the government is called the 3) Real gross domestic product is best defined as 4) Underemployment includes people A. who work "off-the-books" to avoid tax liabilities B. who are working part time, or not using all their...
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...5 Supply Chain Management Based on Modeling & Simulation: State of the Art and Application Examples in Inventory and Warehouse Management Francesco Longo Modeling & Simulation Center – Laboratory of Enterprise Solutions (MSC-LES) Mechanical Department, University of Calabria Via P. Bucci, Cubo 44C, third floor, 87036 Rende (CS) Italy 1. Introduction The business globalization has transformed the modern companies from independent entities to extended enterprises that strongly cooperate with all supply chain actors. Nowadays supply chains involve multiple actors, multiple flows of items, information and finances. Each supply chain node has its own customers, suppliers and inventory management strategies, demand arrival process and demand forecast methods, items mixture and dedicated internal resources. In this context, each supply chain manager aims to reach the key objective of an efficient supply chain: ‘the right quantity at the right time and in the right place’. To this end, each supply chain node (suppliers, manufacturers, distribution centers, warehouses, stores, etc.) carries out various processes and activities for guarantying goods and services to final customers. The competitiveness of each supply chain actor depends by its capability to activate and manage change processes, in correspondence of optimistic and pessimistic scenarios, to quickly capitalize the chances given by market. Such capability is a critical issue for improving the performance of the ‘extended...
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...A Study of Anti-Dumping Duty under Fair Trade Rule：An Application on the Case of China Towels in Taiwan Shu-Yuan Lee, Yung-Ho Weng, Peng-Yin Lin, and Sheng-Ti Hung1 Ⅰ、Introduction The World Trade Organization (WTO), its main function is to ensure that trade flows as smoothly, predictably and freely as possible, such as agricultural agreement which is to promote fairness on agricultural trade and service. Other rules such as safeguard agreement, tariff estimation agreement and country of origin agreement are to help fair competition and to achieve efficient trading effects. Only in a few circumstances WTO allows limited competition to maintain the goal of fair trade, for examples, anti-dumping policy and balance taxation policy. From the aspect of conventional economic theory, not only Ncoclassical approach nor Strategic approach considered anti-dumping policy as a protection cover to the development of domestic target industries. From the statistic data of WTO, there were about 20 to 30 cases per year for anti-dumping cases; however, this number increased rapidly up to 200 cases per year since 1995 which indicates that protecting domestic target industries has been an important policy notion for each country. Up to 2007, there were 3,220 cases under investigation for anti-dumping. Unfortunately, loose applying anti-dumping measure causes certain damage to export enterprises, including replying complicate investigation process, losing orders and huge amount of money on lawsuit...
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...A. Analyze your simulation results by addressing the following prompts (A1 through A4). Note: Reflect on the following in your analysis: Your actions during the simulation, the relationship between your actions and your simulation results, your success compared to other competitors, and alternatives to your actions that could have produced better results in the simulation. Keeping your analysis and the simulation content in mind, do the following: 1. Explain how you determined your product design decisions in the simulation. Product offering: As CEO I decided that it made most sense to build a Workhorse for the office market and the Mercedes for the engineering market. I assumed that design costs could be kept down by creating a product platform that could be used for two different markets. Both products use a lot of similar components such as the case, the motherboard, the hard drive, graphics card, keyboard, mouse, etc. Had I chosen to offer a traveler R&D we would have to be split up design because the requirements would have been very different due the nature of the product, one being a desktop product and one being a mobile product. In addition I would have to create two different assembly lines, one for the desktop and one for the laptop. The second design consideration for the office and the engineering product were based on features customers wanted to see in an office or engineering product. For the office product, customer wanted a PC that is easy to...
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...comprehensive systematic method for designing warehouses. In this paper, the current literature on the overall methodology of warehouse design is explored, together with the literature on tools and techniques used for specific areas of analysis. The general results from the literature have then been validated and refined with reference to warehouse design companies. The output is a general framework of steps, with specific tools and techniques that can be used for each step. This is intended to be of value to practitioners and to assist further research into the development of a more comprehensive methodology for warehouse design. Keywords: Facilities planning and design; Decision support models; Logistics; Warehouse design. 1 Warehouse design: a structured approach 1. Introduction Warehouses are a key aspect of modern supply chains and play a vital role in the success, or failure, of businesses today (Frazelle, 2002a). Although many companies have examined the possibilities of synchronised direct supply to customers, there are still many circumstances where this is not appropriate. This may be because the supplier lead times cannot be reduced cost effectively to the short lead times required by customers, and hence these customers need to be served from inventory rather than to order (Harrison and van Hoek, 2005). Similarly, it may be beneficial to hold strategic inventory at decoupling points in the supply chain to separate lean manufacturing activities (which benefit...
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...Universität Zürich Institut für Strategie und Unternehmensökonomik Lehrstuhl für Services und Operationsmanagement Dr. Patricia Deflorin Operations Management: A supply chain Approach (UE) Simulation Manual 1 Inhaltsverzeichnis I. Introduction to Marketplace ................................................................................................ 5 II. Game Scenario .................................................................................................................... 6 III. How To Win ....................................................................................................................... 7 IV. Table 1-1: Decisions to be Made by Quarter ...................................................................... 9 1. Chapter: Player Activities ................................................................................................. 11 1.1 1.2 1.3 1.4 Functional Organization of the Executive Team ................................................................... 12 Goals and Strategic Direction ................................................................................................ 14 Company Name ..................................................................................................................... 15 Executive Briefings ................................................................................................................ 15 2. Chapter: Market Research.....................................
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...clothing store Submitted To: Rubaiyat Bin Arif Lecturer, UIU Submitted By: Name | ID | Farshid iftekhar | 111 101 036 | Taufiq Hasan | 111 092 170 | Md. Hassan Siddiquee | 111 072 107 | Noor Ibne Salehin | 111 082 071 | Sec: B Date of submission: 29-12-2012 ii Letter of Transmittal 29th December 2012 Rubaiyat Bin Arif Course Instructor School of Business United International University Subject: Submission of Report on Online clothing store. Dear Sir, With due respect & humble submission, we undertook our term paper under your direct supervision & guidance. As you will notice the report consist about Online clothing store .We have discussed the report on our T-Shirt store. And this has made the report a complete and an extensive one. Therefore, we are confident of the validity of our term paper. If you have any questions or suggestion about the report, we would be happy to oblige for any further clarification. Sincerely, ---------------------------------- Farshid Iftekhar (On behafe of the group) Iii Acknowledgement All praises are due to Almighty Allah who enabled us to complete this report. This report is about “Online clothing store” on the topic we have covered by the basis of the instruction given by the Course Instructor. We would like to express our sincere gratitude & appreciation to our supervisor Rubaiyat Bin Arif. It would not have been possible for us...
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...Shanti Business School PGDM Batch 2015-17 Semester II Course Outline 1 Shanti Business School, Ahmedabad PGDM 2015-17: Program Structure Semester-1 Semester-2 Semester-3 Semester-4 Course credit Course credit Course credit Language Skills @ Written Analysis & Communication @ Soft skills II @ Employability Skills @ IT & MIS 2 Soft skills I @ Computing skills 2 Social Media Marketing @ 2 Legal Aspects of Business 2 Business Strategy 3 Management Control Systems 3 Micro Economics 3 Macro Economics 3 Business Environment 3 Business Ethics & Corporate Governance 2 Quantitative Methods-1 3 Business Research Methods 3 Quantitative Methods-2 3 Core Elective-1 3 Core Elective1 3 Core Elective-2 3 Core Elective2 3 Elective-1 3 Elective-1 3 Elective-2 3 Elective-2 3 Grand Project-1 3 Grand Project-2 3 Principles of Management Basic Building Blocks Autumn Break Executive Skills Organisational Behavior Human Resources Management 3 Marketing Management 1 3 Marketing Management -2 3 Understanding Financial Statements 3 Financial Mgt 3 Operation Management Management Domain 3 3 Basics of Business Planning 2 Electives Credits Autumn Break credit SUMMER INTERNSHIP Course ...
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...2 Value Chain Management The theoretical background is defined around the central term value chain. Chapter 2 presents research concepts to manage the value chain structured by their area of specialization either on supply, demand or values. Secondly, within an integrated framework, the results of the specialized disciplines are combined with the objective to manage sales and supply by values and volume. Value chain management is defined and positioned with respect to other authors’ definitions. A value chain management framework is established with a strategy process on the strategic level, a planning process on the tactical level and operations processes on the operational level. These management levels are detailed and interfaces between the levels are defined. Since the considered problem is a planning problem, the framework serves for structuring planning requirements as well as the model development in the following chapters. 2.1 Value Chain Value chain as a term was created by Porter (1985), pp. 33-40. A value chain “disaggregates a firm into its strategically relevant activities in order to understand the behavior of costs and the existing and potential sources of differentiation”. Porter’s value chain consists of a “set of activities that are performed to design, produce and market, deliver and support its product”. Porter distinguishes between • primary activities: inbound logistics, operations, outbound logistics, marketing and sales, service in the core value...
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...World Academy of Science, Engineering and Technology Vol:7 2013-06-25 Optimization Using Simulation of the Vehicle Routing Problem International Science Index Vol:7, No:6, 2013 waset.org/Publication/15351 Nayera E. El-Gharably, Khaled S. El-Kilany, and Aziz E. El-Sayed Keywords—Discrete event system simulation, optimization using simulation, vehicle routing problem. points or require a solution to be found quickly. Computational time on the fastest computers for optimization methods has been too long for many practical problems. Cognitive, heuristic, or combination heuristic-optimization solution procedures have been good alternatives [8]. The aim of this work is threefold; to present a new mathematical formulation of the VRP problem that uses fewer decision variables, to show how to model the TSP problem as a discrete event simulation model, and to employ the developed simulation model in finding the optimum/near optimum solution of the problem. This paper is organized as follows: in Section II, the basic concepts of VRP and the solution techniques found in literature will be briefly discussed. In Section III, proposed problem formulations will be presented followed by the simulation model development and optimization using simulation in sections IV and V. Finally, in section VI, the conclusions drawn from this work are presented. I. INTRODUCTION II. LITERATURE REVIEW HE vehicle routing problem (VRP) is one of the most intensively studied problems in operations research...
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...that our cultural attitude towards the unknown influences the decisions we make in trade. Uncertainty avoidance is one of Hofstede’s five cultural dimensions. The paper presents a model of how this dimension affects trade. This influence has been explicated for the decisions regarding trade: partner selection, negotiation behavior, trust, and the interpretation of the trade partner’s behavior. It has been verified in simulations showing that the generic tendencies as attributed to uncertainty avoidance are reflected in the simulation results. Our approach is an example of instantiating generic knowledge on the influences of culture on decision-making in general. INTRODUCTION The international food economy is rapidly changing. Important issues are concentration and globalization, growing information intensity, consumer demands, and social responsibility [Kinsey 2001]. An important issue in current food trade research is the emergence and performance of international supply chain networks [Lazzarini et al. 2001]. Agent-based modeling extends the understanding of processes in society and economy. It enables simulation of the emergence of macro-level phenomena from micro-level interactions between individual agents [Tesfatsion and Judd 2006]. It is therefore well-suited for modeling the emergence and performance of supply chains under different institutional and social arrangements. Differences between national cultures are well-known to have their effect on trade at the micro-level:...
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...Drive, Cambridge, MA 02139, USA; email: jsterman@mit.edu. Copyright © John D. Sterman, 1988, 1991. All rights reserved. This paper is reprinted from Sterman, J. D. (1991). A Skeptic's Guide to Computer Models. In Barney, G. O. et al. (eds.), Managing a Nation: The Microcomputer Software Catalog. Boulder, CO: Westview Press, 209-229. An earlier version of this paper also appeared in Foresight and National Decisions: The Horseman and the Bureaucrat (Grant 1988). A S KEPTIC'S GUIDE TO COMPUTER MODELS 2 The Inevitability of Using Models........................................................................3 Mental and Computer Models..............................................................................2 The Importance of Purpose..................................................................................3 Two Kinds of Models: Optimization Versus Simulation and Econometrics.......4 Optimization.............................................................................................4 Limitations of Optimization..........................................................5 When To Use Optimization..........................................................8 Simulation................................................................................................9 Limitations of Simulation.............................................................11 Econometrics...................................................
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...PART ONE Introduction to Discrete-Event System Simulation 1 Introduction to Simulation A simulation is the imitation of the operation of a real-world process or system over time. Whether done by hand or on a computer, simulation involves the generation of an artificial history of a system, and the observation of that artificial history to draw inferences concerning the operating characteristics of the real system. The behavior of a system as it evolves over time is studied by developing a simulation model. This model usually takes the form of a set of assumptions concerning the operation of the system. These assumptions are expressed in mathematical, logical, and symbolic relationships between the entities, or objects of interest, of the system. Once developed and validated, a model can be used to investigate a wide variety of “what-if” questions about the realworld system. Potential changes to the system can first be simulated in order to predict their impact on system performance. Simulation can also be used to study systems in the design stage, before such systems are built. Thus, simulation modeling can be used both as an analysis tool for predicting the effect of changes to existing systems, and as a design tool to predict the performance of new systems under varying sets of circumstances. In some instances, a model can be developed which is simple enough to be “solved” by mathematical methods. Such solutions may be found by the use of differential calculus, probability...
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...AIAA-2005-0001 The Impact of Information Technologies on Air Transportation R. John Hansman* Massachusetts Institute of Technology, Cambridge MA 02139, USA The Air Transportation System and several key subsystems including the Aircraft, Airline, and Air Traffic Management are modeled as interacting control loops. The impact of Information Technologies on each of these subsystems is evaluated through the performance of these control loops. Information technologies are seen to have a significant impact on the safety, efficiency, capability, capacity, environmental impact and financial performance of the Air Transportation System and its components. T Introduction he US and International Air Transportation Systems have demonstrated remarkable growth and increased performance over the past few decades. Fig.1 demonstrates the growth in passenger and cargo traffic in international regions since 1972. Strong growth can be seen in North America and Europe which continue to dominate the passenger traffic. In addition, extraordinary growth can be seen in Asia/Pacific which has dominated the cargo traffic since the early 1990’s. Scheduled Revenue Passenger-Kilometers by Region 1400 1200 1000 RPK (billion) North America Europe Freight Tonne-Kilometers by Region 45 40 35 North America 30 FTK (billion) Europe Asia and Pacific Latin America & Caribbean Middle East Africa 800 600 400 200 0 1970 1975 1980 1985 1990 1995 2000 2005 Asia and Pacific Latin America...
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...Co-Creating Our Future on Planet Earth Creating Unity from our human diversity. Skip to content * Home * About * Last 2000 Posts in Order ← Civil war up, humanism down: Pepe Escobar, by Pepe Escobar The Oracle Report, Monday, April 13, 2015 → :) :) :) Iceland Stuns Banks: Plans To Take Back The Power To Create Money Posted on April 13, 2015 by Jean By Raúl Ilargi Meijer Zero Hedge April 1, 2015 Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Who knew that the revolution would start with those radical Icelanders? It does, though. One Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report today that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately, Parliament. Can’t see commercial banks in the western world be too happy with this. They must be contemplating wiping the island nation off the map. If accepted in the Iceland parliament , the plan would change the game in a very radical way. It would be successful too, because there is no bigger scourge on our economies than commercial banks creating money and then securitizing and selling off the loans they just created the money (credit) with. Everyone, with the possible exception of Paul Krugman, understands why this is a very sound idea. Agence France Presse reports: Iceland Looks At Ending Boom And Bust With Radical Money Plan Iceland’s government is considering a revolutionary monetary proposal...
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