... Bernanke also asserts that monetary shocks, or declines in the money supply, induced by the countries being on the gold standard were fundamental in causing the Great Depression and showing that nominal shocks indeed had real effects. Using research about the international gold standard during the Great Depression Era from Eichengreen, Bernanke was able to implement a comparative analysis of the experiences of different countries to reveal the importance of monetary forces (i.e. money supply)...
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...ANNEXURE - C “TECHNICAL ANALYSIS OF STOCKS ” This project report in the Special Studies in Finance based on the in-depth study of the project theme is submitted in February, 2014 to the Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE) , B - Road, Churchgate, Mumbai - 400 020, in partial fulfillment of the requirements for the award of the Master’s Degree, Masters in Management Studies (MMS), Submitted By NAME: VAISHALI CHANDRESH GORATELA ROLL NO. : M12020 CLASS: MMS1 BATCH: 2012-2014 Guided By MR. AMIT BOBHATE Date: Place: MUMBAI ANNEXURE – D CERTIFICATE This is to certify that this project report entitled “TECHNICAL ANALYSIS OF STOCKS” is submitted in February, 2014 to Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE) , Mumbai 400020, by Ms. Vaishali Goratela bearing Roll No. M12020, batch (2012 - 2014) in partial fulfillment of the requirements for the award of the Master’s Degree, Masters in Management Studies (MMS). This is a record of her own work carried out under my guidance. She has discussed with me adequately before compiling the above work and I am satisfied with the quality, originality and depth of the work for the above qualification. PLACE: MUMBAI. ________________ DATE: (Signature...
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...The absolute size of the elasticity conveys information on the sensitivity of demand to changes in the factor affecting demand and its sign conveys information on the direction of the change. A wide range of factors influence the size of elasticity’s, such as current cost levels, the availability of alternatives, and the size of the change in costs and income levels. While these factors can be discussed in isolation it is likely that more than one of them will exert an influence at the same time. There is also a need to consider the dynamics of the impact of costs upon demand. An increase in costs would result in a reduction of traffic thus reducing the congestion costs experienced by the remaining travelers and so reducing their journey times. At the margin this journey time reduction may well allow some drivers To re-enter the road system for which the total journey costs is now less than the benefit they gain from travelling. Whereby the total costs of travel equals the total benefits gained from...
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...Comp Priorities: critical dimensions that a process or supply chain must possess to satisfy its internal or external customers, both now and in the future. Monitor and evaluate Comp Capabilities: The cost, quality, time, and flexibility dimensions that a process or supply chain actually possesses and is able to deliver. results. Order Winner: The criterion customers use to differentiate the services or products of one firm from those of another. Ex: Happy Meals. “We are this…” Order Qualifier: The minimum level required from a set of criteria for a firm to do business in a particular market segment. Ex: Fast Service, Low Cost, Location. Steps in Decision Making: Problem Recognition, Prob Formulation (develop objectives, criteria and gen. alts), Analyze alts, Choose best solution b. on criteria, Impl. Dec., Breakeven Analysis: Breakeven Point is the volume at which Total Revenues=Total Cost. A tipping point where your org goes from losing money to earning profit Intro or no Pref Matrix: Table that allows a manager to rate alts according to several performance criteria. The alt with highest score is the preferred alt. Pref Matrix Advantages: Allows managers to incorp multiple criteria into their decision-making. Allows manager to incorporate relative importance of different criteria. Pref Matrix Disadv: Subjective approach req man judgment that may not reflect the diff btwn alts. Man states weights before examining alts, may not know what’s important. Pref Matrix...
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...Table of contents Abstract-----------------------------------------------------------------------------3 1 significant feature---------------------------------------------------------------3 1.1 Lego design-------------------------------------------------------------------3 1.2 Manufacturing operation----------------------------------------------------3 1.3 Reasons for company’s success--------------------------------------------3 2 current business and operation strategy--------------------------------------3 3 Strengths and weakness-------------------------------------------------------3 4 Order winners and qualifiers-------------------------------------------------3 5 Environment analysis---------------------------------------------------------3 6.1 external analysis--------------------------------------------------------------3 6.2 Forces analysis---------------------------------------------------------------3 6 main expectations-------------------------------------------------------------3 7.3 main expectation--------------------------------------------------------------3 7.4 improvement from the relationship with Flextronics---------------------3 7 key challenges-----------------------------------------------------------------3 8 key issues-----------------------------------------------------------------------3 Reference---------------------------------------------------------------------------3 ...
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... HEC Paris, France CEPR, United Kingdom Université de Genève, Switzerland Paris School of Economics, France a r t i c l e i n f o a b s t r a c t This paper presents a simple model where micro-founded dynamics of cultural identity are endogenous and interact with an international trade equilibrium. This process generates a strong home bias under autarky. We then show that goods market integration causes a phenomenon of cultural divergence, whereby the distributions of cultures become more dissimilar across countries and one of the cultures that existed under autarky ultimately disappears. By way of contrast, we show that social integration causes cultural convergence and can counterbalance the effects of goods market integration. © 2008 Elsevier B.V. All rights reserved. Article history: Received 15 March 2006 Received in revised form 1 May 2007 Accepted 23 June 2008 Keywords: Cultural identity Cultural transmission International trade JEL classification: F02 F10 Z10 Z13 1. Introduction Revolutionary developments in information and transport technology are changing the world. Our daily lives are governed by products and images originating from other countries and other cultures. Common wisdom among economists is that the benefits from international integration and globalization are clear and significant. International trade should bring efficiency gains in production and access to an increased variety of goods and services. This approach is however at odds with the...
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...4:00 p.m. 384 Posner Hall “Essays on Information Technology Management” Information Technology (IT) has become an integral part of the way firms do business. Equally important is the need to evaluate how firms manage their IT assets. In the first two essays, I try to measure the business value of Information Systems, and develop models that help understand how to use IT most effectively. In the third essay, I tackle a problem that often plagues IT project management – how to select the best project managers. Essay 1: Electronic Versus Traditional Sales Channels: When to Use, How Much to Use, and How Much to Gain? Electronic markets enable an upstream seller to sell directly to buyers further downstream. The main drivers for these, amongst others, are touted to be increased revenues due to disintermediation in the supply chain. Yet, we do not see upstream producers (such as manufacturers) selling only via the electronics channel. What makes a firm choose one channel over the other? How does buyer behavior change when they have the option to use either channel? What happens to the revenues and profitability in each channel? We examine these research questions using a structural model. TPL, a third party logistics company, adopted a B2B electronic channel while still using the traditional physical channel to sell to its customers. Although the margins and revenues on an average are higher for the electronic channel, buyers tend to shift between the two channels and modify their buying...
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...Case Study: Control of the Supply Chain Turns Critical BHO2259 Product and Services Innovations October 13, 2011 Executive Summary Our objective for the project was to find out about supply chains, and how companies implement them to create an environment suitable for innovation and therefore satisfy the customers’ needs. We researched books, databases and journals to get a more complete idea of what a supply chain is, who uses them, and how they are being used. Based on the Case Study of Ahmed and Shepherd’s book, along with the information we researched we reached a conclusion listed below. Our research was somehow limited by the vast amount of different companies across the world. Supply chains vary from industry to industry. We could, nonetheless, build a general idea of how a supply chain must be composed in order to offer an extended product to consumers. Our findings dictate that every company that want to offer a complete, extended product, must offer an integrated supply chain that has a high level of communication, that is coordinated in all of its parts, and that at the same time reduces the final cost of the product. Table of Contents Introduction…………………………………………………………………………………………… 4 Why is supply chain management important for innovation? ……………………………………….. 5 In what way is the supply chain process connected to the innovation process?.................................... 7 Integrated supply chain system: advantages and disadvantages………………………………………...
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...benefit society. A vindication of Adam Smith's intuition about the existence of an "invisible hand" bringing consistency and order to the chaos of individual actions - would be remarkable in them. Much of economic theory of the textbook variety is a celebration of the free market system. This celebration has two parts. First, the operation of the price system, in the context of competitive markets, leads to balance between the demand and supply of the different goods and services traded. In other words, flexible prices result in competitive markets clearing. Second, the market-clearing equilibrium - brought about through flexible prices and competitive markets - is a "good thing" in the sense that it is also a point of economic efficiency. In other words competitive outcomes are also efficient ones. The fact that competition leads to efficiency is known as the First Fundamental Theorem of Welfare Economics. The efficient outcome will have been brought about through parsimony in the use of information; the only things that individuals, in making their supply/demand decisions, need to know are the prices of the different commodities. Furthermore, since the efficient outcome is the result of firms and consumers acting "selfishly", by looking only to their own interests, it is "incentive compatible" in the sense that its existence does not depend upon altruistic behavior. Lastly, not only will competitive markets lead to an efficient outcome, but any efficient outcome that one might...
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...org/stable/2548108 . Accessed: 17/04/2012 02:53 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Blackwell Publishing, The London School of Economics and Political Science, The Suntory and Toyota International Centres for Economics and Related Disciplines are collaborating with JSTOR to digitize, preserve and extend access to Economica. http://www.jstor.org Short and Long Rates of Interest By F. LAVINGTON IT is a little surprising that the abundant literature of the London Money Market should show so little sign of curiosity on what might well be expected to be one of its main interests: the relations between the different prices in the market; in other words, the relations between the different rates of interest on capital supplied for short and long periods. Why do the average levels of short and long rates differ ? How far is it true that these two sets of rates rise and fall together ? And, finally, are changes in long rates appropriate in magnitude to corresponding changes in rates for...
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...Land is that part of the earth that is not covered by water (Fisher: 1987). It comprises of all naturally occurring resources whose supply is essentially fixed. Without land, man cannot survive: without access to it, man cannot labour. Land is important as all natural resources are fundamental to the production of all goods. Land as a factor of production is of immense importance because land is the original source of all material wealth. Moreover, the economic prosperity of a country is closely linked to the richness of her natural resources, (Hans, et al: 2009).Land is an economic resource as well asan important factor in the formation of individual and collective identity, and in the day-to-day organization of social, cultural and religious life. It is also an enormous political resource that defines power relations between and among individuals, families and communities under established systems of governance (FAO: 2006). Land reforms involve the changing of laws, regulations or customs regarding land ownership. Land reforms may consist of a government initiated or government- backed property redistribution, generally of agricultural land. In sight of the above, land reform can therefore refer to the transfer of ownership of land from a relatively small number of wealthy owners with extensive landholdings such as plantations, large ranches, or agribusiness plots, to individual ownership by those who work on the land. Such transfer of land may be with or without compensation;...
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...Change the layouts and set-ups. Is learning organization approach for designing supply chain system known as lean system. Lean systems are operation systems that maximize the value added by each of the companies activities by removing waste and delays from them. It is making more efficient, more quicker and faster( is lean system). Lean systems develop more efficient manufacturing operations. What is JIT just in time-that incorporates generic elements of lean system by cutting unnecessary capacity or inventory and removing non value added activities in operations. Eliminates waste or muda. 8 types of wastes : 1 over production, 2) in appropriate processing,3) waiting, 8) transportation( Excessive handling during transportation), 4) motion, 5) Inventory , 6) defects and 7) underutilization of employees. JIT system organizes the resources, information flow and decisions that enables firm to realize the benefits of JIT principle. Lean system leads to continuous improvement in quality and productivity. The Japanese term for this approach to process improvement is KAIZEN. Hides underlying problems with processes that produce service or product. Service processes improved : scheduling, billing, order taking, accounting, financial planning . SUPPLY CHAIN CONSIDERATIONS IN LEAN SYSTEMS : 2 characterstics of lean systems that are related to creating nad managing material flows in a supply chain ; close supplier ties and small lot sizes. CLOSE SUPPLIER TIES : close with...
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...industry's total output. Assumption3. Each firm is a price-taker. This means that each firm can alter its output without significantly affecting the market price of its product. Assumption 4.Each firm must passively accept the existing market price, but it can sell as much as it wants at that price. Assumption5..There is freedom of entry and exit, which means that any new firm is free to enter the industry and start producing if it so wishes, and any existing firm is free to cease production and leave the industry. Marginal cost and marginal revenue in the perfectly competitive market where all firms operate under the same cost conditions, marginal cost is considered as the most important factor after price that affect the supply curve, and firms that cannot adopt the lowest cost methods of manufacturing are hard to maintain in this market. The goal therefore of all firms is to maximize their profits which increases as long as marginal revenue exceeds marginal cost and minimize marginal cost is defined by investopedia as '' The change in total cost that comes from making or producing one additional item” or the change in total cost from the production of one extra unit of output. Therefore, when a new technology is available, the cost in production is saved. Small businesses in this case might not be successful if risks are...
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...TABLE OF CONTENTS: Section 1: Introduction: Foreign Exchange Market Overview 5 Section 2: Technical Analysis in Forex Markets 6 Section 3: Basic Technical Analysis Patterns 9 Section 4: Technical Analysis: Charting Techniques 13 Section 4.1:Cycle based indicators 13 Section 4.1.1: Elliot Wave theory 13 Section 4.2:Momentum Indicators 17 Section 4.2.1:MACD: Moving Average Convergence Divergence 18 Section 4.2.2:RSI: Relative Strength Index 19 Section 4.3:Trend approach to technical analysis 21 Section 4.3.1: Moving Averages 21 Section 4.4: Chart Based Indicators 23 Section 4.4.1: Candlestick Charts 23 Section 5: Practical Application to Current trends in the Foreign Exchange Market 28 Section 5.1:Cycle Based 28 Section 5.1.1: Elliot wave 28 Section 5.2: Momentum Based 29 Section 5.2.1:Relative Strength Index 29 Section5.2.2: Moving Average Convergence/Divergence 30 Section 5.3: Trend Based 31 Section 5.3.1: Moving averages 31 Section 5.4: Chart Based 36 Section 5.4.1: Candlesticks 36 Section 6: Technical Analysis: Advantages & Disadvantages 38 Section 7: How traders and dealers use Technical Analysis? 39 Section 8: Bibliography 40 List of Graphs and Figures Figure 1: Technical analysis is based on the premise that markets trend and that those trends tend to persist. 7 Figure 2: Example of a downtrend turning into an uptrend 9 Figure 3: A long term Channel line, support and resistance level 10 Figure 4: head and shoulders pattern. 10 Figure 5: Example...
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...Global Entrepreneur Definition of global entrepreneur: Global entrepreneurs are professionals who use their global understanding and connections to identify transnational and cross-cultural opportunities and turn them into new value-creating initiative. .In other words we can say that A global entrepreneur seeks out and conducts new and innovative business activities across national borders. These activities may consist of exporting, licensing, opening a new sales office, or acquiring another venture. _________________________________ ------------------------------------------------- Are you a Global Entrepreneur? Are You Ready To “Go Global?” Strategic motives must drive the decisions to conduct business globally. - But what is your action plan? - Where do you begin? - How do you begin? - Which markets should be entered first? - What would be the optimal mode of entry? - How rapidly should you expand globally? Predictions:- We are living in a world where all the major business functions in the value chain are highly globalized and deeply integrated. According to McKinsey and Company, 80 percent of the world’s GDP will be sold across international borders by 2027, compared to about 20 percent in 2001. Multinational business activity will grow from approximately $5 trillion to $70 trillion by 2027. To understand how this is happening consider your desktop computer. It might have been assembled in Mexico with Chinese components; it uses chips designed in the United...
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