...308 (Ivano BONGIOVANNI) * Thursday 17.00 – 18.00, B 224 (David MILLS) * Thursday 18.00 – 19.00, O 604 (David MILLS) * Thursday 17.00 – 18.00, M 312 (Graham FELLOWS) * Thursday 18.00 – 19.00, M 312 (Graham FELLOWS) * * Unit Rationale and Aim * * How to outperform their competitors is every company's main challenge. Managers deploy strategies to achieve sustainable competitive advantage. This unit introduces you to the strategic choices organisations can make by providing you with key concepts relating to the strategic analysis of companies and their environments. Students from different majors can draw on their education thus far and use it in understanding how every aspect of an organisation such as HR, Finance, Marketing, etc. plays a role in strategy. This understanding is particularly relevant to you when making the transition to the workforce. This unit introduces you to cutting-edge concepts, frameworks, and techniques of strategic analysis that allow you to make better strategic decisions. The aim of this unit is to provide you with the analytical tools needed to become critical strategic thinkers and effective problem solvers. You will learn how to develop and implement superior strategies. * * Approaches to Teaching and Learning * * Learning strategies in this unit advance critical analysis and planning skills. Intellectual inquiry is encouraged through analysis of case studies and tutorial exercises. The general approach...
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...ECON 312 Week 2 Weekly Assignment - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ECON-312-Week-2-Weekly-Assignment-Latest-589485.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Question 1.1. (TCO 2) A demand curve (Points : 1) shows the relationship between price and quantity supplied. indicates the quantity demanded at each price in a series of prices. graphs as an upsloping line. shows the relationship between income and spending. Question 2.2. (TCO 2) Which of the following will not cause the demand for product K to change? (Points : 1) A change in the price of close-substitute product J An increase in consumer incomes A change in the price of K A change in consumer tastes Question 3.3. (TCO 2) College students living off campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. When they finish school and start their careers, their consumption of both goods frequently declines. This suggests that ramen noodles and boxed macaroni and cheese are (Points : 1) inferior goods. normal goods. complementary goods. substitute goods. Question 4.4. (TCO 2) Suppose that tacos and pizza are substitutes and that soda and pizza are complements. We would expect an increase in the price of pizza to (Points : 1) reduce the demand...
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...ECON 312 Week 2 Weekly Assignment - Latest IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://www.hwspeed.com/ECON-312-Week-2-Weekly-Assignment-Latest-589485.htm?categoryId=-1 If You Face Any Problem E- Mail Us At JOHNMATE1122@Gmail.Com Question 1.1. (TCO 2) A demand curve (Points : 1) shows the relationship between price and quantity supplied. indicates the quantity demanded at each price in a series of prices. graphs as an upsloping line. shows the relationship between income and spending. Question 2.2. (TCO 2) Which of the following will not cause the demand for product K to change? (Points : 1) A change in the price of close-substitute product J An increase in consumer incomes A change in the price of K A change in consumer tastes Question 3.3. (TCO 2) College students living off campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. When they finish school and start their careers, their consumption of both goods frequently declines. This suggests that ramen noodles and boxed macaroni and cheese are (Points : 1) inferior goods. normal goods. complementary goods. substitute goods. Question 4.4. (TCO 2) Suppose that tacos and pizza are substitutes and that soda and pizza are complements. We would expect an increase in the price of pizza to (Points : 1) reduce the demand...
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...MANAGMENT ACCOUNTING Launchbreak LTD 1. Be able to analyse cost information within a business 1.1 classify different types of cost 1.2 use different costing methods 1.3 calculate costs using appropriate techniques 1.4 analyse cost data using appropriate techniques 2. Be able to propose methods to reduce costs and enhance value within a business 2.1 prepare and analyse routine cost reports 2.2 use performance indicators to identify potential improvements 2.3 suggest improvements to reduce costs, enhance value and quality 3. Be able to prepare forecasts budgets for a business 3.1 explain the purpose and nature of the budgeting process 3.2 select appropriate budgeting methods for the organisation and its needs 3.3 prepare budgets according to the chosen budgeting method 3.4 prepare a cash budget 4. Be able to monitor performance against budgets within a business 4.1 calculate variances, identify possible causes and recommend corrective action 4.2 prepare an operating statement reconciling budgeted and actual results 4.3 report findings to management in accordance with identified responsibility centres COMPANY BACKGROUND Launchbreak LTD is a small manufacturing company that makes cakes, which are sold to supermarkets and grocery stores. You work as an accounts manager at Launchbreak LTD, reporting to the general manager. 1.1(a) Managment accounting is one kind of accounting which is designated to provide business leaders...
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...ABB general machinery drives ACS350, IP66 and IP67, 0.37 to 7.5 kW / 0.5 to 10 hp A range of ABB general machinery drives with IP66, IP67 and UL Type 4X protection classes is designed to excel in the harshest and most demanding of conditions. Designed for the food and beverage, textile, ceramics, pulp and paper and water and waste water industries, the drives are suitable for screws, mixers, pumps, fans and conveyers especially where the machine is exposed to dust, moisture and cleaning chemicals. The drive’s hygienic design and use of materials meeting current hygiene standards, means that the drive traps no bacteria and can withstand frequent washing. The drive is certified by NSF. A user control panel housed within a plastic window is designed to resist moist and dusty atmospheres. The drive is designed for fast installation, parameter setting and commissioning and is based on ABB general machinery drives, possessing the same software features and hardware connections. The wall mounted drive can be located close to the process and the operator. 14413 ACS350 IP66_IP67 flyer 3AUA0000048002 REV C.indd 1 Highlights − Smooth, slanted surfaces ensure water drains away and drive will not trap bacteria − Certified by NSF for hygienic installations in the food and beverage industry − Corrosion resistant die cast aluminum chassis painted in white − The heat sink’s cooling fins are completely open from top to bottom, allowing easy washing ...
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...DeVry ECON 312 Midterm Exam - Latest IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/wp-admin/post.php?post=1964&action=edit IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM DeVry ECON 312 Midterm Exam - Latest Page 1 Question 1.1. (TCO 1) As a consequence of the condition of scarcity (Points : 3) there is never enough of anything. production has to be centrally planned. things which are plentiful have relatively high prices. individuals and communities have to make choices from among alternatives. Question 2.2. (TCO 1) The opportunity cost of constructing a new public highway is the (Points : 3) money cost of hiring contractors and construction workers for the new highway. value of other goods and services that must be sacrificed to construct the new highway. expected cost of constructing the new highway in a future year. value of shorter driving times and distances when the new highway is completed. Question 3.3. (TCO 1) A nation can increase its production possibilities by (Points : 3) shifting resources from investment good production to consumer good production. shifting resources from private goods to public goods. improving labor productivity. eliminating discrimination. Question 4.4. (TCO 1) Which expression is another way of saying "marginal benefit"? (Points : 3) Benefits given up Unintended gain Employment benefits Extra...
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...Operations Management I 73-331 Winter 2012 Odette School of Business University of Windsor Midterm Exam II Solution Saturday, March 24 Education Building Room ED 1101 Aids Permitted: Calculator, straightedge. Time available: 1 hour 20 min Instructions: 0 This exam has 12 pages including this cover page and excluding 5 pages of formula and table. 1 Please be sure to put your name and student ID number on each odd numbered page. 2 Show your work. 3 State results up to four decimal places. 4 Do not return tables and formula. Grading: Question Marks: 1 /10 2 /15 3 /15 4 /10 5 /15 Total: /65 Question 1: (10 points) Circle the most appropriate answer 1.1 Which of the following is a type I error? a. Process is in-control, but the sample measurement lies outside limit b. Process is out-of-control, but the sample measurements lie within the limit c. Process is in control, and the sample measurements lie within the limit d. Process is out-of-control, and the sample measurement lies outside limit 1.2 Which of the following control charts is the cheapest a. X char b. R chart c. p chart d. 3 sigma chart 1.3 Type II error increases if a. sample size increases c. control limits are narrower d. control limits are wider 1.4 If EF=12 and LF=12 for the same activity, then a. Slack time of the activity is 12 b....
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...Analyzing “The Goal” as Fictional Case Study Abstract As a fictional case study, Eliyahu Goldratt’s novel about manufacturing, “The Goal: A Process of Ongoing Improvement,” presents a constraint-focused approach to production management. As a novel, the book does not emphasize the quantitative details of the plant improvements. However, a great amount of information about the plant is spread throughout the book. By collecting and analyzing this data, a concrete picture may be developed of the plant’s capacity and its improvements, which can greatly help the book’s readers understand and evaluate the cumulative impact from the plant’s “process of ongoing improvement.” Keywords: Production planning, Theory of constraints, Drum buffer rope 1. Introduction: The Goal as Fictional Case Study Eliyahu Goldratt’s manufacturing novel The Goal: A Process of Continuous Improvement has inspired countless professionals in production (and many other fields (Whitford, 2004)) to embark on their own efforts of continuous improvement. As Rand (1986) writes, “It’s a novel, but it’s also a manufacturing text-book, and it’s good on both accounts.” Many reviewers have agreed The Goal is an easy-to read way to get an introduction to production realities (Belis, 1994, The Economist 1995, Dani 2006, Rand 1986). However, no one has taken a detailed look at the numbers presented in the book as a fictional case study. The concept of drum-buffer-rope (DBR) production control has been discussed...
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...Constraint Management at UniCo: Analyzing “The Goal” as Fictional Case Study Abstract As a fictional case study, Eliyahu Goldratt’s novel about manufacturing, “The Goal: A Process of Ongoing Improvement,” presents a constraint-focused approach to production management. As a novel, the book does not emphasize the quantitative details of the plant improvements. However, a great amount of information about the plant is spread throughout the book. By collecting and analyzing this data, a concrete picture may be developed of the plant’s capacity and its improvements, which can greatly help the book’s readers understand and evaluate the cumulative impact from the plant’s “process of ongoing improvement.” Keywords: Production planning, Theory of constraints, Drum buffer rope 1. Introduction: The Goal as Fictional Case Study Eliyahu Goldratt’s manufacturing novel The Goal: A Process of Continuous Improvement has inspired countless professionals in production (and many other fields (Whitford, 2004)) to embark on their own efforts of continuous improvement. As Rand (1986) writes, “It’s a novel, but it’s also a manufacturing text-book, and it’s good on both accounts.” Many reviewers have agreed The Goal is an easy-to read way to get an introduction to production realities (Belis, 1994, The Economist 1995, Dani 2006, Rand 1986). However, no one has taken a detailed look at the numbers presented in the book as a fictional case study. The concept of drum-buffer-rope (DBR) production...
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...try to discuss and comment on everything that I do. My code and the answers I receive from www.neos-server.org can be seen in my appendices. (i) In the first question in part 1, I am asked to solve the SSP using the data in Figure 1. We have 4 facilities and 30 customers. In Figure 1 the demand of each customer is also given, and of course I will have to satisfy this. Therefore this will become one of my constraints. It is also known that each facility has a capacity, and of course this will become a constraint as well. Because it is a SSP problem, we are also given the information that each customer has to be served by exactly one facility. When a facility delivers one unit to a customer it faces a cost. The purpose with the first question is to minimize the cost that the facility faces delivering the units. I will now show what the problem looks like: Minimizexi=1mj=1nai,j dj xi,j subject to j=1ndj xi,j≤ci , i=1,…,m i=1m xi,j=1 , j=1,…,n x∈0,1, i=1,…,m , j=1,…, n Now I have formulated the problem, and I will now use a Mixed Integer Linear Programming solver from www.neos-server.org. As I mentioned earlier my code and the whole answer from the website will be in my appendices. With the constraints from the first question I get a minimum cost of: 18951. 37 (ii) In the second question a new constraint has been given. It says that each facility must satisfy at least umin=20 % of the customers. Therefore our problem will now like this:...
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...03-62-194 Practice Questions Last Update: March 21, 2013 Many of these exercises are from the course text book Mathematical Applications For the Management, Life and Social Sciences, Second Custom Edition for 03-62-194. This custom edition consists of selections from Mathematical Applications For the Management, Life and Social Sciences”, Eighth Edition, by Ronald J. Harshbarger and James J. Reynolds. The publisher is Nelson Education. Other questions my come from the For many of the questions solutions are not given to encourage you to try the problems yourself or with a group in your class. The odd numbered questions from the text have an answer in the back of the text so you can check your solution. I am happy to discuss any of the practice questions in the tutorial or during my office hours. You can also get help from the Math and Stats Learning Centre (ER 3125). (1) You need to borrow $100, 000 to start your business. You can borrow from the bank at 10% interest and you can borrow from your life insurance policy at 12%. Your business plan budgets for $10, 100 in interest payments in the first year. How much do you borrow from the bank, and how much do you borrow from your life insurance? Solution. Step 1: Define the variables. Let B be the amount, in dollars, to be borrowed from the bank and let L be the amount, in dollars, to be borrowed from the life insurance policy. Step 2: Set up the mathematical problem. We have two equations. The first equation states that the total...
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...South African hospitality outlook: 2013-2017 (featuring analysis of Nigeria and Mauritius) 3rd annual edition June 2013 Destination Africa www.pwc.co.za/hospitality-and-leisure The information contained in this publication is provided for general information purposes only, and does not constitute the provision of legal or professional advice in any way. Before making any decision or taking any action, a professional adviser should be consulted. No responsibility for loss to any person acting or refraining from action as a result of any material in this publication can be accepted by the author, copyright owner or publisher. Destination Africa South African hospitality outlook: 2013-2017 PwC Third South African edition PwC’s team of hospitality specialists provide an unbiased overview of how the hospitality industry in South Africa is expected to develop over the coming years. The publication focuses on the following major industry segments: hotels, guest houses and farms, caravan/ camping sites, bush lodges and other accommodation. It details the key trends observed and challenges facing these sectors as well as considering their future prospects. South African hospitality outlook: 20132017 demonstrates deep knowledge of the local hospitality market and is a powerful tool for understanding critical business issues. To learn more about the challenges and opportunities that lie ahead for the hospitality industry in South Africa, please visit www.pwc...
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...An Estimate of Public Expenditure on Health in India Mita Choudhury H.K. Amar Nath National Institute of Public Finance and Policy (NIPFP) 18/2 Satsang Vihar Marg New Delhi May 2012 An Estimate of Public Expenditure on Health in India The level of public spending on health has been a widely discussed issue in India in recent times. Various research studies as well as policy documents have repeatedly highlighted the low level of public spending on health in India.1 In particular, public spending on health as a per cent of GDP has been the focus of discussions, as it is an indicator of the priority accorded to health in the planning process of the country. Policy documents like the Approach Paper to the Twelfth Five Year Plan (2012 to 2017), the High Level Expert Group for Universal Health Coverage (HLEG), the Programme Implementation Framework of the National Rural Health Mission (NRHM) and the Report of the National Commission on Macroeconomics and Health (NCMH) have all endorsed the need to raise the level of public spending on health in India from around one per cent to 2 to 3 per cent of GDP. Monitoring the progress towards achieving the target level of public spending on health has been difficult, due to ambiguity in the definition of health expenditure used, and the corresponding figures reported by different government agencies. The latest Economic Survey, 2011-12 of the Government of India suggests that public spending on health was around 1...
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...Displays Overview of Korea’s Industries 2012 PROMISING INVESTMENT OPPORTUNITIES 02_ Overall Status of the Display Industry 04_ Characteristics of the Display Industry 13_ Investment by Foreign Companies Display Industry 02 03 1. Overall Status of the Display Industry 1. Overall Status of the Display Industry Flat-Panel Display (FPD) Market and Technologies ·The flat-panel display (FPD) market is growing based on the competitiveness of three major technologies: thin-film transistor-liquid crystal displays (TFT-LCD), plasma display panels (PDP) and organic light-emitting diodes (OLED). ·TFT-LCD has the largest market. The technology dominates the market, as it can be used in different types of applications, ranging from small devices including mobile phones to large appliances including televisions. ·PDP differs from LCD in that it does not need back light because it is self-luminous. Its use is limited to large applications such as televisions because the technology cannot be applied to small devices. It consumes more electricity than LCD. ·OLED is also self-luminous, and its use is limited to small devices such as mobile phones, as research is still underway to apply the technology to larger devices. OLED is lighter and consumes less electricity than LCD. It has great potential due to its simple structure and focus on materials, and it is praised as the foundation for flexible display, which is expected to lead the future. OLED is drawing attention...
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...state of business 26 4.2 Looking forward 26 5 Conclusions 28 6 Appendices 30 6.1 Profit and Loss details and Balance Sheet details 2005-2008 31 6.2 2008 figures for AMPY Automation Digilog Ltd. 39 7 References 59 Table of Figures Figure 21 Key Performance indicators 2008 6 Figure 22 Turnover by segment and geographical market of destination 7 Figure 31 Current Ratio 10 Figure 32 Cash flow cycle example 10 Figure 33 Acid Test Ratio 11 Figure 34 ROCE Ratio table 12 Figure 35 ROCE Ratio 13 Figure 36 Gross Profit Ratio 14 Figure 37 Mark-up Ratio 15 Figure 38 Net Profit Ratio 16 Figure 39 Stock Turnover Ratio 18 Figure 310 Fixed Asset Turnover Ratio 20 Figure 311 Trade Debtor Collection Period Ratio 21 Figure 312 Earnings per Share Ratio 23 Figure 313 Gearing Ratio 24 Introduction Landis+Gyr has been trading for more than 100 years with 4000 employees worldwide, AMPY...
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