...study attempts to measure the significance of management accounting techniques in decision making of the selected manufacturing organizations in Bangladesh. In doing so, a total of 74 manufacturing organizations have been surveyed with a structured questionnaire by using 5 point Likert Scale measurement from different categories of manufacturing organizations. Findings reveal that cash flow statement analysis, ratio analysis, budgetary control, CVP analysis, variance analysis and fund flow analysis have been frequently high-ranking techniques. Secondly, the authors have recognized five factors to calculate the variability in decision-making with the help of rotated component matrix which shows that 75.125 % of the total variability has found in the usage of management accounting techniques. Finally, it is also found by using multiple regression model that only 25.6% of the variation in decision making of manufacturing organizations in Bangladesh. Keywords: Management Accounting Techniques, Decision Making, Manufacturing Organizations, Rotated Component Matrix. Field of Research: Accounting 1....
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...Credit Hours8 Week CoursePrerequisite(s): None | Table of Contents | Instructor Information | Evaluation Procedures | Course Description | Grading Scale | Course Objectives | Course Outline | Course Delivery Method | Policies | Course Materials | Academic Services | Selected Bibliography | Instructor Information | Instructor: Dr. Elliott S. Lynn (Bio) Email: Elliott.lynn@mycampus.apus.edu Phone: 732.300.5569 Office Hours: By Appointment Only TOC Course Description (Catalog) | Telecommunications networks are a critical component of the global economic and social infrastructures. Securing critical infrastructure is an established priority within Information Security Management. This course examines the field of secure telecommunications networks, including emerging threats, system vulnerability, network evolution, and network defense mechanisms. [3 Semester Hours] TOC Course Objectives | A successful student will fulfill the following learning objectives: * Examine the principles of network security and cellular architecture. * Evaluate emerging threats and system vulnerability. * Assess vulnerabilities in telephony, short messaging service (SMS), cellular data networks, and in Voice over IP (VoIP). * Identify...
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...HOW TO WRITE AN EFFECTIVE RESEARCH PAPER • Getting ready with data • First draft • Structure of a scientific paper • Selecting a journal • Submission • Revision and galley proof Disclaimer: The suggestions and remarks in this presentation are based on personal research experience. Research practices and approaches vary. Exercise your own judgment regarding the suitability of the content. –P. Kamat Getting ready with data Gather all important data, analyses, plots and tables Organize results so that they follow a logical sequence (this may or may not be in the order of experiments conducted) Consolidate data plots and create figures for the manuscript (Limit the number of total figures (6-8 is usually a good number). Include additional data, multimedia in the Supporting Information.) Discuss the data with your advisor and note down important points Important: KNOW the focus of your paper It takes a wise man to know whether he has found a ROPE or LOST A MULE. - Anonymous quote ? First draft Identify two or three important findings emerging from the experiments. Make them the central theme of the article. Note good and bad writing styles in the literature. Some are simple and easy to follow, some are just too complex. Note the readership of the journal that you are considering to publish your work Prepare figures, schemes and tables in a professional manner (Pay attention to quantification of data accuracy, significant digits, error bars...
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...management tool. TATA tries to manufacture a car at Rs. 1 ,00,000. – is a typical example for target costing. 42. Stages of target costing 1. Determine the target price which customers will be prepared to pay for the product 2.Deduct a target profit margin fro the target price to determine the target cost 3. Estimate the actual cost of the product 4.If estimated actual cost exceeds the target cost , investigate ways of driving down the actual cost to the target cost 43. Target costing-Continues Customer oriented approach Used by Japanese copanies and recently adopted by Europe and the USA. Recently call canters are trying to adopt this as Indian currency strengthened. 44. Procedures: 1.Market research to find the customer’s perceived value-tear down analysis-examining the competitors’ products-dismantling of the competitor's product.use value engineering 2.How customers differentiate the product from the competitors 3.Target profit margin depends on planned return on investment and fix % of profits on sales 4.Decomposed into a target profit for each product. 5.Deduct the target profit from target price 6.Compare with the predicted actual cost. 7. If predicted cost>target cost then efforts are made to close the gap. 45. What is required? Team approach Team members include: 1.designers 2. engineers 3. Purchasing 4. manufacturing 5. marketing 6. management accounting personnel The discipline of a team approach ensures that no particular group is able to impose...
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...ESD Working Paper Series Towards An Integration Of The Lean Enterprise System, Total Quality Management, Six Sigma And Related Enterprise Process Improvement Methods Kirkor Bozdogan Center for Technology, Policy and Industrial Development Massachusetts Institute of Technology Cambridge, MA USA 02139 Tel. 617 253-8540 bozdogan mit.edu ESD-WP-2010-05 August 2010 esd.mit.edu/wps ESD Working Paper Series Towards An Integration Of The Lean Enterprise System, Total Quality Management, Six Sigma And Related Enterprise Process Improvement Methods Kirkor Bozdogan Center for Technology, Policy and Industrial Development Massachusetts Institute of Technology Cambridge, MA USA 02139 Tel. 617 253-8540 bozdogan mit.edu ESD-WP-2010-05 August 2010 esd.mit.edu/wps TOWARDS AN INTEGRATION OF THE LEAN ENTERPRISE SYSTEM, TOTAL QUALITY MANAGEMENT, SIX SIGMA AND RELATED + ENTERPRISE PROCESS IMPROVEMENT METHODS Kirkor Bozdogan # Center for Technology, Policy and Industrial Development, Massachusetts Institute of Technology, Cambridge, MA USA 02139 August 5, 2010 Key Words: Lean manufacturing; just-in-time-production (JIT); Toyota Production System (TPS); lean enterprise system; total quality management (TQM); six sigma; lean six sigma; theory of constraints (TOC); agile manufacturing; business process reengineering (BPR); enterprise change and transformation; evidence-based management practices Abstract: The lean enterprise system, total quality management, six sigma...
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...002, South Africa. 2 Formerly Department of Engineering and Technology Management, University of Pretoria, Pretoria 002, South Africa. ABSTRACT CCPM has attempted to account for certain human behaviour patterns during project planning and execution which other time management techniques neglect. CCPM gives this human behaviour as a major influence on amount of contingency provided in activity duration estimates. The human behaviours however are assumptions and justification of CCPM relies heavily on these assumptions. The problem is that we do not know if the human behaviours assumed are an important influence on contingencies provided in activity duration estimates during project planning. The main objective of this research is therefore to determine, using empirical data how stakeholders in the construction industry rate the influence of human behaviour on contingency provided in activity duration estimates. Other factors that influence contingency provided have been identified and their relative importance investigated. 1.1 Introduction As competition increases, organisations survival will be determined by their ability to make profits and grow. In their effort to survive (make profits and grow), organisations are finding themselves saddled with multiple, concurrent projects. According to Turner (in Steyn 2002:77 it is estimated that up to 90% by value of all projects are carried out in the multi-project context. These projects compete for...
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...White Paper Lean Manufacturing Lean Manufacturing Table of Contents Executive Summary.......................................................................................................................................................................................2 Introduction .......................................................................................................................................................................................................4 Lean Manufacturing—So What? .................................................................................................................................................4 Objectives .................................................................................................................................................................................................6 The Manufacturing Challenge .................................................................................................................................................................7 Globalization and Competitive Pressure ................................................................................................................................7 Mass Production to Mass Customization ...............................................................................................................................7 Shortening Product Life Cycles........................................................................
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...2 Trigger Designation of work groups Establish ground rules Student confront a problem 4 groups (max 10 person per group) of student are given by case study Rancangan Mengajar Semester Course Outline PBL Process First meeting minute Member`s Organization Chart, Directory & Group`s Rules Facilitator Facilitator Facilitator Learning member`s Facilitator & Learning member`s 3 4 5 6 7 Present the problem Identify and clarify problem Describe the problem Idea Student design a plan Generation Inquire the possible ideas (solve the problem) Learning Determine what needs to be learnt in order to understand or solve the Issue problem Generate learning issue and action plan Identify resources Self – Inquire the research sources Directed Seek and summarize relevant information Learning Produce Self- assessment checklist with criteria on what, why and how the problem is solved Synthesis Discuss, develop and justify solution and explanation: and Conduct peer sharing of information Application Evaluate sources of information for credibility and validity(critique resources) Apply relevant knowledge to the problem Develop more learning issue, if necessary...
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...BIDDY’S BAKERY BY Vernell Murray Operations Management-BUS 515 Professor George H. Barbosa Strayer University April 16, 2012 Introduction This paper presents discussions of several concerns and issues regarding Biddy’s Bakery. This paper will explain the challenge Elizabeth faced in meeting her capacity needs and what she should have considered before moving into the larger facility. Determination will be given as to what was wrong with the proposal made by the team of business students and why. Explanation of how the business would be different if Elizabeth accepts the proposal made by the students. Lastly, recommendations will be given as to how Elizabeth should proceed. Explain The Challenge Elizabeth Faced In Meeting Her Capacity Needs. What She Should Have Considered Before Moving Into A Larger Facility. Elizabeth is faced with the challenge of her bakery business being in a constraint market. This is the condition that results when market demand is less than production capacity. She needs to find ways to deal with this constraint. She should have gained an understanding as well as conduct research of what caused the growth before considering the move in order to make sure that it was possible to continue growth in the same manner. Elizabeth based her decision on the expectation that the business would continue to grow. Before Elizabeth moved into a larger facility, she should have considered capacity planning. Capacity is defined as the maximum amount or...
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...A Comparative Analysis Of The Effectiveness Of Three Solvency Management Models By Enyi, Patrick Enyi Ph.D, MBA, B.Sc, ACA, ACCA, MFP, RFS. Fellow, American Academy of Financial Management (AAFM) Member, American Accounting Association (AAA) Head, Department of Accounting, Covenant University, Ota, Nigeria A Comparative Analysis Of The Effectiveness Of Three Solvency Management Models Abstract The introduction of the Altman’s Z-score model in 1983 and much recently the Enyi’s Relative Solvency Ratio model in 2005 has divergently provided financial analysts with alternative methods of analyzing corporate solvency which hitherto was exclusively done using the traditional historical record based ratio analysis, with particular reference to the current ratio. To test the relevance and effectiveness of the three models, real life performance data were extracted from the annual reports of 7 quoted companies, analyzed using the three models and the results compared to show the strengths and weaknesses of each. The result revealed that the current ratio and the Z-score models suffer from many limitations including imprecision while the Relative Solvency Ratio combines the capability of an effective indicator with the precision required of a true predictor. Keywords: Solvency, Liquidity, Ratio Analysis, Bankruptcy, Performance, Relative Solvency, Working Capital, Current Ratio, Current Assets, Balance Sheet 1. Introduction It is a proven fact over and throughout...
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...LIST OF CONTRIBUTORS Solomon Appel Robert H. Ashton Reza Barkhi Metropolitan College of New York, New York, NY, USA Fuqua School of Business, Duke University, Durham, NC, USA Pamplin College of Business, Virginia Polytechnic Institute and State University, Blacksburg, VA, USA School of Management, University of Michigan-Dearborn, MI, USA College of Business Administration, San Diego State University, San Diego, CA, USA Department of Accounting, University of Arkansas at Little Rock, AR, USA Zicklin School of Business, CUNY – Baruch College, New York, NY, USA Belk College of Business, University of North Carolina at Charlotte, NC, USA College of Business and Economics, West Virginia University, Morgantown, WV, USA RSM Erasmus University, Department of Financial Management, Rotterdam, The Netherlands Mohamed E. Bayou Chee W. Chow Cynthia M. Daily Harry Z. Davis Nabil Elias Arron Scott Fleming Frank G. H. Hartmann vii viii LIST OF CONTRIBUTORS Fred A. Jacobs Frances Kennedy James M. Kohlmeyer, III Leslie Kren John Y. Lee Michael S. Luehlfing Adam S. Maiga School of Accountancy, Georgia State University, Atlanta, GA, USA Department of Accountancy and Legal Studies, Clemson University, SC, USA College of Business, East Carolina University, Greenville, NC, USA School of Business, University of Wisconsin, Milwaukee, WI, USA Lubin School of Business, Pace University, Pleasantville, NY, USA School of Professional Accountancy, Louisiana Tech University, LA...
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...European Journal of Operational Research 172 (2006) 401–416 www.elsevier.com/locate/ejor Production, Manufacturing and Logistics An investigation of buffer sizing techniques in critical chain scheduling Oya I. Tukel a a,* , Walter O. Rom a, Sandra Duni Eksioglu b College of Business Administration, Cleveland State University, 1860 East 18th Street, Cleveland, OH 44114, USA b Department of Industrial and Systems Engineering, University of Florida, Gainesville, FL 32611, USA Received 24 April 2004; accepted 28 October 2004 Available online 1 January 2005 Abstract In this paper, we introduce two methods for determining feeding buffer sizes in critical chain project scheduling. Both methods integrate project characteristics into the formulation. Specifically, one of them incorporates resource tightness while the other uses network complexity. Both methods are tested and compared to two commonly suggested methods in the literature, the cut and paste method and the root square error method, as well as using no buffer as a benchmark. The comparison is done by means of a simulation study using the Patterson data set. The test results indicate that both of the suggested methods generate smaller buffer sizes while providing sufficient protection against delays in project completion time. Ó 2004 Elsevier B.V. All rights reserved. Keywords: Project scheduling; Critical chain; Feeding buffers; Buffer sizing methods 1. Introduction In his 1997 book, Goldratt (1997) introduced the critical chain...
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...BSB113 Economics Summer 2015 Assessment 2: Research summary Submission date THURSDAY 14 TH JANUARY 3.00PM THROUGH SAFE ASSIGN VIA THE BSB113 BLACKBOARD WEBSITE (SEE BB ASSESSMENT 2 FOLDER FOR DETAIL) Please note that you are only required to submit an e-copy of your work through SafeAssign via the BSB113 Blackboard website. NOT ASSIGNMENT MINDER This document contains important information about your assessment. You will need to read it carefully to understand what is required. In addition to reading this document you are strongly advised to read the “Frequently asked Questions about Assessment 2” document (refer to the Assessment 2 folder on Blackboard). Background You are currently volunteering for Cancer Council Australia providing part time administration support for them at a local office. During a well-earned tea break a discussion ensues about the effectiveness of government policies aimed at reducing tobacco smoking. The discussion touches on ways of reducing smoking including a tax on cigarettes, a ban on advertising, plain paper covering for cigarette packs and shocking TV adverts depicting images of smokers with cancer associated with smoking cigarettes. You remember that your lecturer in BSB113 had spoken about cigarette taxes. You say that your lecturer had mentioned that the evidence is that taxes are fairly successful at reducing smoking and that in Australia overall rates of smoking have been declining for a number of years. Someone...
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...of these activities involved a great deal of additional labor for knowledge workers. A better approach, say the authors, is to bake specialized knowledge into the jobs of highly skilled workers. Partners HealthCare has started to embed knowledge into the technology that doctor’s use in their jobs so that consulting it is no longer a separate activity. Now when Dr. Goldszer orders medicine or a lab test, the order-entry system automatically checks his decision against a massive clinical database as well as the patient's own medical record. Knowledge workers in other fields could likewise benefit from a just-in-time knowledge-management system tailored to deliver the right supporting information for the job at hand. The purpose of this paper is to illustrate how continuous learning professionals can utilize the...
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...3D modeling to help them win. However, some manufacturers are not only adopting 3D modeling technology, but excelling at hitting their product development targets at the same time. How is it possible? Interestingly enough, it’s actually quite simple. Key Business Value Findings • Best in class manufacturers their hit revenue, cost, launch date, and quality targets for 84% or more of their products. • Best in class performers typically produce 1.4 fewer prototypes than average performers. • Best in class performers average 6.1 fewer change orders than laggard performers. • In total, best in class manufacturers of the most complex products get to market 99 days earlier with $50, 637 lower product development costs. Implications & Analysis How do they do it? • Best in class performers are 40% more likely to have engineers use CAD directly to ensure they stay close to the design. • Best in class performers are 24% more likely to take advantage of extended 3D modeling design capabilities. They are 55% more likely to use downstream capabilities. • All (100%) best in class performers acquired new hardware when adding 3D modeling, compared to 53% of laggards. Recommendations for Action • Initially document design deliverables in electronic form. • Allow engineers to use 3D modeling tools rather than allocating them to drafters. • Deploy the advanced design and downstream capabilities of...
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