Stats Essay example - 850 Words

Statistics 5371 Final Exam Review Fall 2012. 1. Suppose a researcher wants to design a new study with a power of 0.8 and a significance of 0.05 to test whether the caffeine content for a brand of coffee is really 100mg. A previous study gave a mean caffeine level for this brand of 110 mg and a standard deviation of 7 mg. Use PROC POWER to determine how many cups of coffee need testing. 2. A company did a study to estimate the effect of different promotional strategies on the market share of one of their products. Over a period of 36 months they varied their promotional strategy. There are four strategies: Ordinary (standard pricing and advertising); Discount (price discount with standard advertising); Promotion (standard pricing,†¦show more content†¦c. Perform a one-factor analysis of variance for the data. Write the table below and interpret the result. d. Regardless of the significance of your ANOVA, apply contrast defined by applying the weights (-0.5, 0.5, -0.5, 0.5) to the strategies (in the order listed). Calculate a 95% confidence interval for the contrast. e. What does this contrast measure? f. Interpret the confidence interval. g. Suppose we believe that the effect of a price discount may depend on whether there is enhanced advertising or not. Develop a set of contrast weights that would measure the degree to which the effect of a price discount differs between the standard advertising and enhanced advertising settings. 3. The distribution of undergraduate grade point averages at a large university is approximately normal with a mean of 2.8 and a standard deviation of 0.4. a. What proportion of GPAs is between 3.0 and 3.5? b. The Dean of Students wants to place students with GPAs in the bottom 10% of the distribution on probation. What is the GPA cutoff for being placed on probation? c. The designation of â€Å"summa cum laude† (roughly translated as â€Å"super high honors†) is reserved for the students with GPAs in the top 1% of all students. What is the GPA cutoff for â€Å"summa cum laude†? d. The normal distribution may be a useful approximation, but it can’t exactly be the correct distribution. Explain why this is so. e. What percentage ofShow MoreRelatedStats Report1763 Words   |  8 PagesCase Study: Property Purchase Strategy Table of Contents Main Report 3 Introduction3 Decision Analysis 3 Increasing the expected payoff 5 Conclusion 5 Appendix6 Decision Tree6 Calculation of probabilities 7 Calculation of expected payoff8 Relationship between the expected payoff and amount of bid9 Introduction Decision analysis is an integral and powerful component in the decision making process, and can be used to determine the optimal decision alternative according to the criterionRead More stats Essay560 Words   |  3 Pages Number of Ours Students Study Per Week A Term Paper Presented to Department of Business Administration College of Business Administration In Partial Fulfillment Of the Requirement for ECO 331: Business Statistics II By Friday April 11, 2003 Table of Contents Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..1 Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....2 Methodology†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 nbsp;nbsp;nbsp;nbsp;nbsp;Frequency Distribution†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 nbsp;nbsp;nbsp;nbsp;nbsp;DescriptiveRead MoreStat Ch1410358 Words   |  42 PagesAdjusted R Square Standard Error Observations ANOVA df Regression Residual Total Intercept x 1 8 9 Coefficients 39.222 -0.556 SS 110 74 184 MS 110 9.25 F 11.892 Significance F 0.009 0.7732 0.5978 0.5476 3.0414 10 Standard Error 5.942 0.161 t Stat 6.600 -3.448 P-value 0.000 0.009 e. 59.783% of the variability in Y is explained by the variability in X. 6. Shown below is a portion of a computer output for regression analysis relating Y (dependent variable) and X (independent variable)Read MoreStat Project1145 Words   |  5 Pages| | | | Regression | 3 | 609.527 | 203.1757 | 130.0599 | 7.56E-06 | | | | Residual | 6 | 9.373017 | 1.562169 | | | | | | Total | 9 | 618.9 |    |    |    | | | | | | | | | | | | |    | Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower 95.0% | Upper 95.0% | Intercept | -10.1702 | 3.473129 | -2.92827 | 0.026346 | -18.6687 | -1.6718 | -18.6687 | -1.6718 | Food Sales (tens of thousands of dollars) | 0.027038 | 0.012041 | 2.245505 | 0.065847Read MoreStats 1900883 Words   |  4 PagesSTATS1900 Business Statistics Major Assignment Date Due: Refer to Course Description Total Marks: 40 Worth: 20% of final assessment This assignment requires a considerable amount of computer work and written comment. You may need to seek guidance from your tutor along the way. Do not leave things until too late. Each question carefully describes what you are required to do, so please follow these carefully. In this assignment, you will again examine data from a fruit and vegetable marketRead MorePhysiology Intro to Stats624 Words   |  3 PagesMiguel Caballero 010040535 BIO 342L Th 9-11:45AM Lab Report 1: Introduction to Statistics and Graphing Comparison of jump height between males and females Figure 1: Comparison of avg jump (in CM) between males (n=11) and females (n=10) with a p-value of 0.00203. This p-value indicates a significant difference between the avg. jump heights of males and females. The bars are the avg. jump heights along with standard deviation of the mean. Results: The p-value of 0.00203 is plt;0.05Read MoreStat Exam1473 Words   |  6 PagesCHAPTER 1: INTRODUCTION AND DATA COLLECTION 1. The process of using sample statistics to draw conclusions about true population parameters is called a) statistical inference. b) the scientific method. c) sampling. d) descriptive statistics. 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The regression analysis at the bottom relates average annual per capita beef consumption (in pounds) and the independent variables annual per capita pork consumption (in pounds) and average annual beef price (in dollars per pound). †¨Ã¢â‚¬ ¨The coefficient for beef price, -12, tells us that: 1. For every $1 increase in beef price, average beef consumption decreases by 12 lbs, not controlling for pork consumption. 2. †¨For every $12 drop in beef price, average beef consumption decreasesRead MoreStats Final1828 Words   |  8 Pages* The Final Exam is worth a possible 250 points. * There are 10 essay questions. Question 1 addresses TCO A and is worth 33 points. Questions 2, 3, and 4 address TCO B and are worth 18 points. Questions 5 and 6 address TCO C and are worth 18 points. Questions 7 and 8 address TCO D and are worth 24 points. Question 9 addresses TCO E and is worth 48 points. Question 10 also addresses TCO E and is worth 31 points. * You will have 3 hours and 30 minutes to take the exam. Keep an eye on the remaining

SWOT Analysis of Shell in Nigeria - 1364 Words

Overview of Shell and Operations - Shell is a group of energy and petrochemicals companies, which are operating in more than 140 countries and territories. The Royal Dutch/Shell Group, commonly know as Shell, is an amalgam of over 1,700 companies all over the world. 60% of the Group is owned by Royal Dutch of the Netherlands, and 40% is owned by the Shell Transport and Trading Group of Great Britain. These two companies have worked together since 1903. Shell includes companies like Shell Petroleum of the USA (which wholly owns Shell Oil of the USA and many subsidiaries), Shell Nigeria, Shell Argentina, Shell South Africa, and other individual subsidiaries (shell.com). Shells parent, Royal Dutch/Shell Group is the worlds second largest private sector energy corporation in the world, behind Exxon/Mobil and ahead of British Petroleum. The Royal Dutch/Shell group has proved reserves of 14.4 billion barrels of oil, but is actively involved in a renewable energy sector developing wind, hyd rogen and solar power opportunities. The companys headquarters are in The Hague, Netherlands with a registered office in London. The Royal Dutch/Shell Group had sales of $386 billion, operating income of $35 billion, and $21 billion in profits for 2010 (shell.com). Analysis: Changes facing merger of RDPC and STT- One of the most obvious changes that resulted from the merger of Royal Dutch Petroleum and the Shell Transport and Trading Group was the shift in managerial structure. RDP movedShow MoreRelatedSwot Analysis of Oil in Nigeria2736 Words   |  11 PagesBrochure More information from http://www.researchandmarkets.com/reports/683505/ Nigeria Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2012 Description: Nigeria Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2012 Summary This profile is the essential sourceRead MoreMarketing Plan of Lafarge2281 Words   |  10 PagesTable of contents 1.0 Company’s overview †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 1.1 Product†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....3 2.0 SWOT Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦3 2.1 Strengths†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦3 2.2 Weaknesses†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦4 2.3 Opportunities†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 2.4 Threats†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 3.0 PESTLE Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 3.1 Political†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 3.2 Economic†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Read MoreShell Fracking1615 Words   |  7 Pages How has Shell s new business strategy of Fracking affected sales growth and how will it affect the profit growth going forward? (not done) Word Count:____ Introduction: Royal Dutch Shell or Shell, which it is commonly called, is a global company which seeks to be the leader in the gas and oil industry. Founded in 1907, Shell’s mission is to deliver the best value to its shareholders, while helping to meet energy demands all around the world. In addition to its roleRead MoreMarketing Plan For Premier Oil Plc Essay2621 Words   |  11 PagesSUMMARY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 3 BUSINESS MISSION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 4 ANALYSIS AND MARKETING AUDIT OF PREMIER OIL STRATEGY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 4.1 EXTERNAL ENVIRONMENT†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.6 4.1.1 PESTEL ANALYSIS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 4.1.2 MICHAEL PORTER’S FIVE FORCES FRAMEWORK†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 4.2 INTERNAL ENVIRONMENT†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 4.2.1 SWOT ANALYSIS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 4.2.2 OPERATIONAL RESULTS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreInvesting Analysis for Royal Dutch Shell vs. British Petroleum5483 Words   |  22 PagesINTERNATIONAL FINANCE INVESTING ANALYSIS FOR: ROYAL DUTCH SHELL amp; BP PREPARED BY: ARMI ARFIFI BIN AZMI ATMAN BIN KHAIRULFAZI MOHD NAZRUL BIN AGOS MUHAMMAD AMIRUL MUKMIN BIN NOR HIDAN CONTENTS PREFACE 3 1.0 INTRODUCTION 4 2.0 COMPANY DESCRIPTIONS 6 2.1 SHELL 6 2.2 BP 7 3.0 PROBLEM DEFINITION 8 3.1 Research Problem 8 3.2 Project Objective 9 3.3 Research Question 9 4.0 PEST ANALYSIS 9 5.0 SWOT ANALYSIS 11 6.0 FINANCIAL ANALYSIS 14 6.1 Pyramid Of Key Ratios 14 Read MoreSoftware Engineer4708 Words   |  19 Pagesup to two classes will not impact your overall grade. 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(SASREF) Jubail (operational 2013) Yanbu (operational 2014) Owner Saudi Aramco Saudi Aramco Saudi Aramco Saudi Aramco Saudi Aramco/Sumitomo Saudi Aramco/ExxonMobil Saudi Aramco/Shell Saudi Aramco/Total Saudi Aramco/TBD Capacity 550,000 bpd 235,000 bpd 120,000 bpd 88000 bpd 400,000 bpd 400,000 bpd 305,000 bpd 400,000 bpd 400,000 bpd

Importance and impact of poverty on outcomes Free Essays

Explain the importance and impact of poverty on outcomes and life chances for children and young people BY jess663 CYP core 37 1. 2 Explain the importance and impact of poverty on outcomes and life chances for children and young people Poverty can have a huge effect on children and young people’s development. Overall poverty removes choices from people’s lives, their choices are limited to what they can do and afford rather than what they want or need. We will write a custom essay sample on Importance and impact of poverty on outcomes or any similar topic only for you Order Now Which is why poverty is 1 of the 5 on the agenda of the Every child matters framework stating every child should achieve wealth and economic well-being. We all as parent’s carers have a roles and responsibilities within our community to promote this. Some impacts and outcomes for children and young people are: Communities in poverty may not have local amenities such as play schools, mother and toddler groups and usually have higher risk of gangs and anti-social behaviour within their neighborhood, which may reduce their play in a safe outdoor environment. Poor diet due to low income, lone parent etc. They may not be able to afford the type of food that gives them a balanced and healthy diet. Families will want to buy cheaper food, which is processed and has more fat and sugar in it. This kind of food leads to a lack of concentration and obesity, which further leads to health issues such as heart problems. Health problems can influence a child’s outcome in life as there would be limits to opportunities. Education – higher chance of children from deprived areas getting lower grades due to lack of space or facilities such as computers, internet books etc. leading to them not attending further education – affecting future Job prospects – lower paid Jobs, poor working conditions, unsecure Jobs. Lack of motivation and guidance – the overall Journey to better them self seems too long and almost impossible, therefore it is not worth trying. Without guidance children do not learn the correct ways to behave. This will cause them to come into conflict at school because they do not know or understand acceptable boundaries. They may be unaware of the dangers they can face in life. They may have a distorted view of their own abilities and may believe that they are allowed to do what they want because they are never prevented. They may believe they are unloved, unimportant and nvalued and as they grow older this could lead to depression and self-harming. The lack of boundaries could result in them becoming involved in crime and anti-social behaviour. They may struggle to form social relationships because of their lack of personal hygiene. Poor clothing could lead to bullying and teasing, causing them to withdraw and become isolated. According to ‘Every Child Matters’ if a young person between 16 and 18years is ‘Not in Education, Employment or Training (NEET) then is also said that young people that are NEET have a high chance of becoming young arents, getting involved with unhealthy lifestyles, such as crime, drugs, alcohol and poor diets. So poverty plays a big part in a child or young person’s outcomes and life chances. Living in an area of poverty is not only a lack of food and clothing, but also a lack of resources to enable children to participate in activities that educate them and socialise with others, which can encourage them to fulfil their dreams and aspirations. People not living in poverty tend to get more opportunities than those living in poverty as people in general tend to respect them more. How to cite Importance and impact of poverty on outcomes, Papers

Teenagers Life Is So Unfair free essay sample

Imagine this. It’s your best friend’s birthday, and your group of friends are throwing her a surprise party. Right before she arrives, you realize you don’t have candles and you volunteer to run down to your local Dollar General. A few of your friends join you and you make the journey into town. As you enter the store, you wave to the elderly cashier, and walk straight to the back where the candles are held. After spending a moment of debating on what candles to get, you grab the pack of white basic candles and make a detour to the cooler to grab a water before you check out. You never make it to the cooler because the store manager steps in your way and asks you and your friends to come to the back room. Once in the back room, you are accused again and again of stealing merchandise that you never even went near, and you have to remain in the room until the police arrive. We will write a custom essay sample on Teenagers: Life Is So Unfair or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page You miss the arrival of your best friend and most of the party. To add insult to injury, the manager asks you to please refrain from returning to the store, and you never got the candles or water. If my friends and I had stolen anything, that would be another story. But our only crime was our youth. The elderly cashier assumed that because of our age and amount of time spent out of eye sight that we were shoplifting. It’s quite a common misconception that teenagers always cause mischief. It seems like most adult are just waiting for us to mess up. Whether it’s stealing, drugs, alcohol, getting pregnant, or just royally screwing up, the older generation has little faith in teenagers. There is a song called â€Å"Teenagers† by My Chemical Romance, and one of their verses is â€Å"They’re gunna clean up your looks with all the lies in the books, to make a citizen out of you, because they sleep with a gun, and keep an eye on you, son, so they can watch all the things you do.† Adults are so quick to pass judgment on adolescents. If a kid is dressed differently from the norm, he is thought to be â€Å"disturbed.† If a girl is seen with only guys, she’s â€Å"promiscuous† and is fated for pregnancy. And if a crowd of teens walks into a cheap variety store, they will most definitely steal something. Many times stereotypes are harmless, more like the butt of jokes. A few people take offense by them, but many are aware that they’re just really for shits and giggles. Stereotypes about teenagers though, can do serious damage and could even ruin a reputation. No matter where you go, everyone looks at you with lower expectations, as if you aren’t capable or willing to do anything great. These stereotypes have come around because people only like to talk about the bad and not the good. It used to be that teenagers were expected to respect their parents and authority, behave themselves, dress normally, and strive to succeed in sch ool. When a teen would accomplish something, nobody talked about it because it was typical. It was when a teenager was rebellious and did something differently than what was anticipated that word got around. Soon enough, stories were everywhere about disobedient adolescents, and eventually that was what became expected of youngsters. How is it fair that my generation is labeled, when it’s just a minority of the whole that fits the stereotypes? Is it true that I come from a time where people my age are beating each other up, lack in personal maintenance, and are completely unmotivated? No. My fellow peers and I receive no credit, as though we are unworthy. Many studies show that we do tremendously better in school than past generations, but the older generations say it’s because our courses have become easier. Adults aren’t afraid to throw around terms like â€Å"couch-potato,† â€Å"lazy,† and â€Å"unmotivated,† yet teenagers make 60 percent of their journeys on foot, while adults are at 37 percent. The National Youth Violence Prevention Resource Center conducted a study and discovered that in 2000, only 9 percent of murders where by teenagers, which means ninety-one percent were adults. According to The Bureau of Justice, teenagers and young adults are more prone to be harmed than someone of age, and more likely to be assaulted by someone of age than another teen. In 1998, a third of victims of violent assaults were between the ages of twelve and nineteen and nearly half were under the age of twenty-five. Many adults believe that all kids do nowadays is drink and get high, but in a survey done by Core Institute in 1993, one third of asked college students said they didn’t approve of alcohol being in and around campus, and ninety percent said they wished drugs would disappear completely. According to the Risk Behavior Survey done by the Center for Disease Control, the number of cigarette smoking and alcohol abusing teens have decreased. When it comes to teenagers being the whoring generation, more than half of the nation’s young people report being virgins at least until the age of seventeen. (Sex and Americas Teenagers, The Alan Guttmacher Institute, New York, 1994) Teenagers have become tremendously more responsible, a lot more than given credit for. According to the Risk Behavior Survey done by the Center for Disease Control, the number of teens wearing their seatbelts without an adult present has increased, along with the number of teens involved in drunk driving has decreased. Also, the number of teens having sexual intercourse has decreased, of those who have had sex, the number of partners have decreased, while the number of condom users has increased. Lastly, even if school itself is not much harder, living in today’s world definitely puts more pressure on kids to succeed. Back in the day, there were more jobs available, and going to college wasn’t always necessary. Now, you must go to college to have a good job, and even then, nothing is guaranteed. Also, there are more testing to make sure all kids are progressing, and more book-keeping. Achievement is being measured and syllabus subjects are becoming more standardized. Parent’s also are pushing kids to do well, making school a very tough place to be. It’s quite unfortunate that these stereotypes exist, but for me, at least I am a white, middle-class female. When an African American teenager walks into a store, it’s even worse for them. People immediately assume that they are somehow gang related, selling drugs, or in some kind of trouble. They are watched intensely at stores, and many restaurant employees give them looks like they already ha ve started trouble just be entering. In a study done by Zogby International in 2000, 1,264 students were asked what role an ethnic group best portrayed, 31% said African Americans were thought best as gang members. I’ve heard many times my white peers make comments about how African Americans will grow up to be criminals with dysfunctional families in a low income town. Teens are misunderstood by adults. They have been labeled and are looked down upon. It’s really not fair, especially with all the social stress kids already have to deal with on a daily basis. Teenagers can be good people too, and adults should give them more respect. We’re not all blood-thirsty, horny criminals.

Total Quality Management (TQM) as a Significant Issue in the Contemporary Strategic Management

The present paper is dedicated to Total Quality Management (TQM) as the present-day forefront issue in strategic management. The history of its emergence is discussed, and the evolution of business focus is outlined. TQM emphasizes continuous improvement at all organizational levels, focus on constant learning and advancement.Advertising We will write a custom report sample on Total Quality Management (TQM) as a Significant Issue in the Contemporary Strategic Management specifically for you for only $16.05 $11/page Learn More The benefit of TQM is in its ability to provide a competitive edge for a company in the highly turbulent modern business environment under the conditions of globalization. TQM is also capable of increasing product quality and customer satisfaction due to increased customer focus, which adds exceptional value to it in the modern business settings. There are many sources of Total Quality Management origin, since the present concept is quite significant for managers worldwide. Total Quality Management (TQM) is a comparatively new concept in the area of strategic management; it emerged in the 1980s mainly as a response of the American companies to the competitive pressure of organizations from Japan (Teeravaraprug, Kitiwanwong, and Tong 102). However, there is also an opinion that the creation of TQM was the credit of the Union of Japanese Scientists and Engineers (JUSE) who targeted their effort at ensuring Japanese performance and competitiveness improvement in the postwar years (Powell 16). Ambang claims that TQM emerged worldwide as a response to the requirements of globalization (83). Hence, the origins of the TQM concept, model, and approach are unclear, and there is much less understanding thereof than there is attention for TQM implementation. The TQM approach rests on the assumption that a company can survive only due to continuous improvement of quality (Rampersad 1). Therefore, the TQM approach to the d esign of the organizational processes is focused on quality improvement, improvement of customer orientation and satisfaction, reduction of costs and throughput periods (Rampersad 1). TQM enables any company to acquire effectiveness, flexibility, and competitiveness in operations; it also assists in reduction of waste due to the emphasis on prevention efforts instead of detection and correction of mistakes (Rawlins 19-20). It is obvious from the overview of the contribution that TQM makes to the functioning of any business entity that it is now the cutting edge of strategic management efforts. The purpose of the present paper is therefore to delineate the advantages offered by TQM in more detail, and to assess its effectiveness in the modern business settings. Opinions of management researchers in the field of TQM application will also be critically assessed with the purpose of identifying the true value of TQM for strategic managerial initiatives.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More TQM is considered the modern paradigm of management (Jafar, Mohammad, Fariba, and Mehrdad 19). TQM stands alongside with Supply Chain Management (SCM) as the most important strategic approach for organizations (Talib, Rahman, and Qureshi 26). Judging from these evaluations, one may assume that TQM indeed occupies a central place in the modern strategic management initiatives. The chief reason for the key importance of TQM is that it attempts to achieve its goals (namely, cost reduction and quality increase) by means of informing all stakeholders about the quality issues (Wienclaw 3). TQM brings the increased use of teamwork and inspires the establishment of creative, innovative climate at any workplace, which is highly valued in the modern business environment as strategic advantages. It seems reasonable to suppose that the evolution in business paradigms and approaches is no t chaotic; there are always innovative solutions that meet the changing needs of market participants, both businesses and customers. Therefore, the shift from industry structure and competitive positioning that was dominant in the strategic management before the 1980s may be justified by the necessity of a new approach (Powell 15). It became clear in the 1980s that a generation of new business values and competencies came, and the companies should focus on culture, capabilities, administrative skills, know-how, and learning (Powell 15). This change brought about the creation of TQM that could respond to these organizational needs. Now, the TQM practices include top management commitment to the integration of TQM across all organizational levels; customer focus is the central element of the TQM implementation. Much emphasis is put on training an education as the major paths of increasing the human potential of the organization; continuous improvement and innovation become the benchma rks of TQM integration in the organization. Finally, the supplier management and employee management practices ensure compliance of all business processes and flawless operation in all aspects and at all departments (Talib, Rahman, and Qureshi 31). There is no doubt that such integrative approach to business operations dooms the company to success, improvement, and self-guided evolution. One can also assume the importance of TQM judging from the evidence of its overall positive effect on the company’s operation (Koc 213), and its ability to bring about product safety, flexibility in operations, quality improvement of the company’s output, and reduction of the cost of quality (Talib, Rahman, and Mehrdad 31).Advertising We will write a custom report sample on Total Quality Management (TQM) as a Significant Issue in the Contemporary Strategic Management specifically for you for only $16.05 $11/page Learn More The implementation process also c ontains some positive features, since it involves the comprehensive internal participation of management and employees. Consequently, once the staff of the company adopts the TQM philosophy both at the individual and collective level, the success of TQM integration becomes a much more viable perspective. Instead of a conclusion, one should note that TQM integration in the organizational setting is currently the number one priority for managers dealing with strategic planning at their workplaces. TQM is a universal model increasing the competitive edge of the company, reducing costs and waste, and increasing product quality. The TQM approach helps organizations to become more customer-focused, and to gain higher levels of customer satisfaction. Therefore, it is a step towards a new stage in strategic management of any organization, giving a comprehensive, holistic approach to supervision, planning, and organizational change. Works Cited Ambang, Tabian. â€Å"Influences of internatio nal management trends on business organizations in Papua New Guinea†. Contemporary PNG Studies: DWU Research Journal. 13 (2010): 81-94. Jafar, Azizi, Mohammad, Taleghani, Fariba, Esmaielpoor, and Gudarzvand Chegini Mehrdad. â€Å"Effect of the quality costing system on implementation and execution of optimum Total Quality Management†. International Journal of Business and Management. 5:8 (2010): 19-26. Koc, Tufan. â€Å"The relationship between TQM and performance in small manufacturing enterprises: The mediation effect of failure†. International Journal of Industrial Engineering. 18:4 (2011): 203-218. Naagarazan, R. S., and Arivalagar, A. A. Total Quality Management. New Delhi, India: New Age International, 2009.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Powell, C. Thomas. â€Å"Total Quality Management as competitive advantage: a review and empirical study†. Strategic Management Journal. 16 (1995): 15-37. Rampersad, K. Hubert. Total Quality Management: An Executive Guide to Continuous Improvement. New York, NY: Springer, 2010. Rawlins, R. Ashley. Total Quality Management (TQM). Bloomington, IN: AuthorHouse, 2008. Talib, Faisal, Rahman, Zillur, and M. N. Qureshi. â€Å"Integrating Total Quality Management and Supply Chain Management: Similarities and benefits†. The IUP Journal of Supply Chain Management. 7:4 (2010): 26-44. Teeravaraprug, Jirarat, Kitiwanwong, Ketlada, and Nuttapon Sae Tong. â€Å"Relationship model and supporting activities of JIT, TQM and TPM†. Songklanakarin Journal of Science Technology. 33:1 (2011): 101-106. Wienclaw, E. Ruth. â€Å"Business strategy and policy†. EBSCO Research Starters. 2008 Birmingham, AL: EBSCO Publishing Inc., 2008. This report on Total Quality Management (TQM) as a Significant Issue in the Contemporary Strategic Management was written and submitted by user Grant Snyder to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Words for Bodies of Lawmakers

Words for Bodies of Lawmakers Words for Bodies of Lawmakers Words for Bodies of Lawmakers By Mark Nichol This post discusses an assortment of words employed in English to refer to a group of people responsible for representing the general populace and passing laws, or to pertain to the room in which they meet to do so, or both. Assembly, from Anglo-French by way of the Latin term assimulare (â€Å"together†), is used in many states and nations to refer to a body of legislators, usually one of two in a bicameral, or two-house, system. It also refers in general to a gathering. Burgess was used in England’s Parliament and subsequently in some of the British colonies in North America to refer to legislators. It is related to burg and borough, which often form part of the name of a city or a district of one; the term basically means â€Å"citizen.† (When the term was widely used, any citizen of at least modestly prosperous standing conceivably could serve as a burgess.) The Latin origin, burgensis, mutated into the Old French word borjois, which then entered English as burgeis and was later spelled in its present form. Later, bourgeois, the Modern French form of borjois, was borrowed directly into English; it now collectively denotes people with conventional middle-class values. Chamber is from the Latin word for an arched roof, which is borrowed from a Greek term meaning â€Å"vault.† It can also apply to a meeting room for legislators or to a judge’s office or to a reception room for a person in a position of authority, or any room in general. (The root word of bicameral has the same origin, as does camera.) The word also applies to an artificial or natural enclosed space or cavity, such as a portion of a cavern, a section of a machine, or a segment of a heart. In addition, it describes a compartment for a bullet in a gun. The word can serve as an adjective, as in â€Å"chamber music,† or a verb describing the action of occupying a space. Congress, from the Latin term congredi, which literally means â€Å"walk together,† came to refer to a formal meeting of representatives from different places. Its current sense stems from the name of the Continental Congress, attended by delegates from each of the thirteen original (and distinct) British colonies in North America. When the fledgling US government subsequently named its bicameral legislative body, consisting of the Senate and the House of Representatives, Congress, the meaning shifted to refer to a body of representatives from the same country or state. (Congress is also employed, though rarely, in the sense of â€Å"a sexual union.†) Council, which derives from the Latin term concilium, which roughly means â€Å"call with,† refers to a group that makes decisions, rules, or laws or provide guidance. Formal lawmaking councils usually are limited in scope to jurisdictions such as cities or towns. Diet, ultimately from the Greek term diaita, meaning â€Å"regimen† or â€Å"way of life,† came to refer to daily rites or obligations and then daily meetings of counselors and officials, and it still is employed as part of the formal name for the national legislature in Japan. (The use of the word in reference to eating and nutrition has the same etymological source.) Legislature is an extension of legislator, itself directly stemming from the Latin phrase legis lator, meaning â€Å"one who proposes a law.† (Legis is the progenitor of legal.) The word is widely used generically to refer to a body of lawmakers and is frequently part of such a group’s formal name. The spelling of the Old French term parlement, meaning â€Å"a talk,† was altered, influenced by the Latin word parliamentum, to parliament to refer to a conference. A later sense of an assembly commanded by a monarch contributed to the naming of England’s Parliament, its national deliberative body. Parliamentarian originally referred to member of Parliament’s faction in the English Civil War, but in modern use it pertains to someone knowledgeable about parliamentary procedure, a protocol for conducting formal meetings. One term that didn’t survive into the modern era is witenagemot, a compound word referring to advisory groups consisting of members of the ruling class in various Anglo-Saxon kingdoms in the early Middle Ages. The first element is a plural form of wita, meaning â€Å"wise man,† and the second part of the word, gemot, means â€Å"meeting.† That word is related to moot, extinct as a noun and used rarely as a verb but present as an adjective in the idiomatic phrase â€Å"moot point.† Moot and the second syllable of gemot are related to meet, meeting, and met. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Has vs. Had225 Foreign Phrases to Inspire YouWhat Is a Doctor?

Colombian perspective Term Paper Example | Topics and Well Written Essays - 2000 words

Colombian perspective - Term Paper Example Political scientists have pointed out that economic inequality and political turbulence go hand in hand in order to create unequal prosperity. It is axiomatic that economical inequality gives birth of dissatisfaction among people of a particular country (Rapley 3). Inequality is multidimensional disease because research shows that inequalities may arise within the same country between various regions. For example, in China economic inequalities lies between urban region and coastal terrain due to difference in per capita income. Nobel laureate such as Amartya Sen has indicated that inequalities should be calculated in terms in terms of economic and geographic scale (Galbraith 160). Impact of economic inequalities is far less for developed countries like USA, UK and Germany in contrast to developing nations such as Brazil, India and other south Asian countries. The world has undergone various contingency period over the last 30 years due to various reasons such as Cold War between USA and Russia, currency crisis in Asia during 1997/98, terrorism, economic recession and recent euro zone crisis. According to financial analysts the meaning of instability has changed after economic recession of 2008. In now days instability means mankind could face period of adjustment in order to avoid situations like great depression (Smith 4-6). Political restructuring is a continuous process to resolve issues having importance in context of particular country. Political restructuring of Soviet Union had impacted the world severely in terms of creating new states and altering the economic dynamics of Russian Federation. Quintessentially economic hegemony of USA has impacted the direction of global stability for last 50 years while political instability of Middle East has disrupted stability of Asian countries (Ritchie, and Crouch 4). Giuseppe Sfligiotti has argued that price of clean

Conflict of Interest Applied to a Modern Day Journalism Issue Essay

Conflict of Interest Applied to a Modern Day Journalism Issue - Essay Example This essay approves that a conflict of interest issue has been documented in Canadian journalism. The reports that Canadian journalism has turned into a strange place riddled with secret businesses and sex scandals. This report makes a conclusion that conflict of interest often comprises the competition of personal, financial, or professional obligations with an individual’s accountability to their audience and organizations. Such competing interests could challenge the individual’s ability to fulfil their duties impartially, and could potentially influence their performance and duties. Conflict of interest situations faced with journalists include writing about their family members and friends, contributing in press junkets, and accepting hospitality. When journalists are compelled to make decision with competing tenets, it culminates in great damage either on their professional duties or on personal lives, thus developing a conflict of interest. This conflict of interest often involves personal, financial, or professional obligations, which compete with the journalist’s accountability to their media audience and organization. Canadian journalism has turned into a strange p lace riddled with secret businesses and sex scandals. This makes it hard to fathom how competent journalists interviewed groups to which they had personal connection without the knowledge of their employers raising serious issues of conflict of interest and integrity in journalism.

Explain how demands translates into capacity management, production Essay

Explain how demands translates into capacity management, production scheduling and materials requirements - Essay Example It drives the detailed material planning and capacity management requirements to fulfill the known or forecasted demand. Demand is the factor that contributes to the planning of the entire production cycle for a particular time of year. The production schedule gives a structure to depict as to how the manufacturing process has to be carried out. It plans out the inventory, capacity and staffing requirements for the company based on the projected demand. Based on demand as one of the inputs production schedule creates an output that is utilized for decision making. These outputs include the amount of products to be produced, the staffing quantities, the cushion required etc. This schedule helps the organizations in synchronizing their operations, in becoming more efficient and improving accuracy of company’s manufacturing. It enables the different departments to plan their course of action accordingly based on the schedule. For instance it allows marketing department to make le gitimate delivery commitments to warehouse and to the customers. Based on this demand the company may decide to utilize its existing capacity fully to meet the requirements. The capacity management is done to effectively make the most of the capacity that exists.

Forecasting Inventory Needs For Home Depot Stores Nationwide Commerce Essay

Forecasting Inventory Needs For Home Depot Stores Nationwide Commerce Essay Forecasting is one of the most important aspects of any business that wants to maintain its competitive advantage. The Home Depot uses the gross national product (GNP) to forecast its demand for inventory. Due to the current state of the housing market, The Home Depot is finding it difficult to properly forecast inventory stocks resulting in a surplus of unsold goods and missed sales opportunities due to lack of other merchandise This paper will briefly describe some of the different techniques and methods used to forecast. There will be two courses of actions (COAs) developed. One will be recommended over the other and an implementation plan will be presented. Forecasting Inventory Needs for Home Depot Stores Nationwide Introduction The Home Depot is a multi-international organization with brick-and-mortar stores in the United States, Canada, Mexico, and China. The current state of the United States economy has been detrimental to many organizations. The Home Depot bases its inventory needs on the housing market. Recently the housing market has been fluctuating in an unpredictable manner. This becomes a concern for organizations that base their inventory needs on it. Improper inventory stocks can be a detriment whether it is overstocked or under stock. If inventory is under stocked organizations may lose potential business to competitors due to an inability to keep up with demand. Overstock causes an issue with costs associated with storage of unsold merchandise and can tie up much needed capital. Problem Statement Due to the current state of the housing market, The Home Depot is finding it difficult to properly forecast inventory stocks resulting in a surplus of unsold goods and missed sales opportunities due to lack of other merchandise. NOTE: BACKGROUND CONTENT SHOULD BE THE LITERATURE REVIEW. LIT REVIEW CONTENT SHOULD BE THE BACKGROUND. IM NOT SEEING MANY OF THE MANAGEMENT TOPICS INTEGRATED INTO EITHER SECTION. YOU MENTIONED SEVERAL OF THE TOPICS JUST AS YOU STARTED THE LIT REVIEW, BUT YOU ONLY MENTIONED THEM THIS IS NOT GOOD ENOUGH. YOU HAVE TO WRITE SOMETHING ABOUT THEM THAT WOULD BRING VALUE TO THE SUBJECT OF YOU PAPER. Background A forecast is a statement about the future. Many businesses use forecasting in an effort to squeeze every last drop of profit out of a situation. The Home Depot, for example, bases sales forecast on mortgage refinancing rates. Usually the smaller rates are at any given time in history will equate to higher sales. There are many different uses of forecast. Forecast can be used for accounting, finance, human resources, marketing, management information systems, operations, and product or service design to name a few. While forecasts are instrumental to an organizations financial future they are rarely perfect due to the randomness of the variables involved. The accuracy of forecasts themselves decrease as the time horizon of forecast increases. For example, the Home Depot can forecast sales for this year more accurately than they can for next year. There are many different elements of the forecast that would be considered good. In order for a forecast to be considered good the forecast would have to be timely, reliable, accurate, meaningful, and easy to use. According to Stevenson, there are two main uses for forecasts. The first is to assist managers with planning the system and the second is to assist them plan the use of the system (Stevenson, 2001). What is meant by planning the system is just that. It is a means to plan the system that involves long-range plans such as what products or services to offer as well as what equipment to buy and where to build facilities and things of that nature. According to Stevenson, planning the use of the system generally refers to the short-range and intermediate range which typically involves things such as planning the budget, scheduling, short-term goals, the needs of the investor, inventory, etc. Forecasting for business goes far beyond just forecasting the demand of products and services. It also includes being able to predict profits, revenue, availability of raw materials and many other variables. The Home Depot, being a home improvements store, must also be able to predict things such as th e housing market. There are certain features that are common to all of the different forecasting techniques. One of the main commonalities of forecasting is that no one has a crystal ball, and no one can see into the future; therefore forecasts are far from perfect. No one can predict precisely how often a large number of related factors will impinge upon the variable in question, this, and the presence of randomness, preclude a perfect forecast (Stevenson, 2001). Another commonality to all forecasting techniques is that forecast accuracy will become less accurate as time moves on, an example of this is given above, due to the fact that forecasting errors for group items will have a canceling effect upon themselves. For example, the Home Depot can forecast the sales goals of a particular department better than the sales goal of an individual product. According to Stevenson (2001) six basic steps are involved in the forecasting process shown in Table 1. Note: I would put these steps in a Table. Label it Table 1. Paraphrase the content. Step One Determine the purpose of forecast (Stevenson, 2001). One must know the reason behind forecasting in the first place. If a person is forecasting how many individuals will show up to a bake sale as opposed to how many pallets of shingles need to be urgent in order to facilitate demand at any given time, knowing the purpose will justify the level of accuracy that is necessary. Step Two Establish a time horizon (Stevenson, 2001). One must have a time horizon in their forecast, one must also realize that the accuracy of the forecast will diminish as the time horizon increases. Step Three Choose a forecasting technique (Stevenson, 2001). Once again there are numerous amounts of forecasting techniques that are being used today. It is extremely important for the forecaster to choose one that will best suit the needs of the forecast. Step Four Gather and analyze relevant data (Stevenson, 2001). Before beginning any daunting task one must gather all relevant information that one needs in order to put it all together and make sense of it. In this stage the forecaster must also identify any assumptions that are made while preparing using forecast. Step Five Prepare the forecast (Stevenson, 2001). In this step one would use whichever technique that was decided in order to prepare the forecast for monitoring. Step Six Monitor the forecast (Stevenson, 2001). The forecast is similar to that of any automated program and therefore will need to be monitored. The reason that the forecast needs to be monitored is because it is not performing in the way that it should be, the forecaster needs to go back re-examine the data and make any relevant changes in order to keep the forecast on the straight and narrow path. If the forecast is not performing in a satisfactory manner certain assumptions couldve been overlooked or completely wrong. In either case the forecaster must then prepare a revised forecast Literature Review Inventory management is one of the key issues faced by managers that deal with seasonal products. It is important to understand how product forecasting has been previously used. As technology advances and globalization continues to be on the rise, keeping up with supply and demand becomes a challenge. Businesses need to learn how to create a supply chain advantage. In this section demand forecasting, demand learning, and product lifecycle forecasting methods will be discussed. Six rules for effective forecasting will also be included. Demand Forecast According to Huang, Chang, and Chou (2006), the first step in finding precise demand forecast is to collect and organize complete and applicable historical demand data for any given product. Demand of this nature can be issued daily, weekly, monthly, or yearly depending on the time within the planning window. The process of modeling demand and determining demand forecasts is as follows: à ¢Ã¢â€š ¬Ã‚ ¦demand data, demand analysis, demand forecast model, perimeter estimation, demand simulation, demand forecast, and expected demand (Huang et al, 2006). There are two aspects of forecasting that are vital. The first is the expected level of demand, the second is the degree of accuracy that can be assigned to a forecast. Demand Learning Demand learning is one of the inventory models that has received considerable attention in the literature. Herbert Scarf is one of the first authors to incorporate demand learning in an inventory modeling context. In his literature, Bayes Solution of the Statistical Inventory Problem, he developed an interesting inventory model that uses observed demand information and a current stock level together in the decision process. It is his assumption that demand is generated from an exponential class of distributions, and a collaboration of prior distributions are used for the unknown parameters (Scarf, 1958). For seasonal demand forecasting a Quick Response policy was adopted by many manufacturers. This procedure was developed in an effort to reduce a manufacturers production time to respond to orders in a timelier manner so that forecast can be improved by collecting more information about the future demand. Suri (2004) studied the Quick Response policy extensively. According to his lite rature, there are four core concepts of quick response manufacturing: The Power of Time, Organizational Structure, Understanding and Exploiting System Dynamics, and Enterprise-wide Unified Strategy. Product Lifecycle Forecasting Method Burruss (2002) describes the product lifecycle forecasting method. He used this method to propose a way to more accurately forecast products with high uncertainty and a short lifecycle. According to Burruss, a short lifecycle ranges anywhere from 9 months to 18 months. According to the literature, products forecasted using this method, should have well defined lifecycle phases from introduction to maturity and then to end-of-life, a high demand spike during the introduction phase, which is then followed by a gradual downward leveling off during maturity, and a steep end-of-life drop-off that is usually caused by planned product rollovers (Burruss, 2002). Six Rules for Effective Forecasting Paul Saffo describes the difference between prediction and forecasting. He says that prediction deals with future certainty while forecasting looks at how events in the present are influential to the possible changes in direction (Saffo, 2007). In his literature he describes six simple rules for effective forecasting that managers should observe as they develop forecasting policies (Saffo, 2007). The first rule is to define a cone of uncertainty. According to the literature, the cone of uncertainty is used to help managers exercise strategic judgment. The most important part of the cone of uncertainty is defining its breadth, which is a measure of overall uncertainty (Saffo, 2007). The second rule is to look for the S-curve. Saffo explains that change does not usually follow a straight line. It is important to see and identify an S-curve pattern once it begins (Saffo, 2007). Rule three is to embrace the things that do not fit. A successful forecaster will be able to look to the left of an S-curve inflection point and notice indicators of what is to come. However, sometimes there are items to the left of the S-curve inflection point that simply do not fit. It is the job of the forecaster to recognize those items and adjust the forecast appropriately. The fourth rule is to hold strong opinions weakly. Here, Saffo is saying that one of the largest mistakes a forecaster will make is to rely on one piece of information, which at the time seems extremely strong due to the fact that it reinforces the conclusion that the forecaster had previously. According to the literature, more weak information, bits and pieces, put together is more trustworthy than a single source of strong information. Rule five says look back twice as far as you look forward. This rule is a continuation of rules two and three. One must know ones history before they can effectively expect future outcomes. One of the hardest parts of looking in history is to know when it does not fit. Rule six, the last rule, is to know when not to make a forecast. There are certain times when forecasting is easy and sometimes when it is just not possible. Saffo uses the dot com bubble of the 1990s as an example of this rule. Forecasters suggested that at the time that old rules did not apply when in fact they were extremely prevalent and the old economic imperatives bursts the dot com bubble (Saffo, 2007). Discussion As stated above there are many different types of forecasting methods that may be used. Moon and Mentzer (2004) describe a time series technique as only looking at patterns of the history of actual sales. The time series technique will look and determine whether the patterns that are prevalent at the time can be projected into the future. This will be the basis of the forecast. All time series techniques examine one or more of four time series patterns, which include level, trend, seasonality, and noise (Moon Mentzer, 2004). Research by Moon and Mentzer (2004) suggest that the level is a horizontal sales history, or what the sales pattern would be if there were no trend, seasonality, or noise. Most forecasters use the level as the starting point for the time series and look at the other patterns later. In Figure 1 that follows, the data follows a horizontal pattern around mean. Figure 1. Title (Note: All tables and figures must carry a number and a title. This does not mean anything because you gave no legend. What is the X axis? What is the Y axis? What do the numbers represent. ) The way the line moves up and down as sales increase or decrease or curve or remain a straight line is what is considered the trend. Most businesses will prefer a trend that is always increasing; however, this is usually not the case. The trend is essentially the bread-and-butter of any forecast. It allows forecasters to be able to determine what is working and what is not, and present this information to management in an effort to mitigate future loss. In Figure 2 that follows, the data is progressively increasing which shows a trend. Note: So trends are based on data? You never really said that. Here you have to introduce Figure 2 and title it. You cannot just stick a graphic in and say nothing about it. Figure 2. Title (Note: You need to include a legend.) Seasonality is described by Moon and Mentzer (2004) as a repeating pattern of sales increases and decreases that occurs within a one-year period or less. For example, the Home Depot experiences high sales every fall for snow blowers, high sales of lawnmowers during the spring, and high sales every summer for air-conditioners. The pattern of these high sales during those periods within the year typically repeat themselves every year and therefore, the seasonality line can be seen as a regular pattern. Figure 3 that follows represents a seasonal pattern. The data exhibits a regularly repeating pattern. (Note: Same comment. You need to title and provide a legend.) Figure 3. Title Noise is the unexplained phenomena that occurs in forecasts. These phenomena usually seem unexplainable until a regression analysis or similar has been conducted. For example if the Home Depot were to have high sales of lawnmowers in the winter months, that would be considered noise. The high sales of lawnmowers can be explained possibly by global warming (unusually warm weather in the winter months), a fire sale of lawnmowers during these months, or some other explanation. The fact is that high sales of that product are unusual and have not happened consistently in the past years and therefore is considered noise. The Figure 4 shows how noise would appear on a chart. There is an inconsistency in the pattern. Figure 4. Title Insert Legend Management Concepts There are many different techniques and approaches when it comes to management. However while dealing with a forecast, managers are faced with more decision-making attributes. In order for any organization to be successful it all starts with being able to properly manage not only personnel, but also the other aspects of the business. In the military, soldiers are taught to lead by example. They are taught very early on to Be, Know, Do. Be the individual that you want your soldiers to be, know all of the required information before presenting it to a subordinate, and do what is morally and ethically right at all times regardless of the situation in which one might find themselves (Hesselbein Shinseki, 2004). You need a citation for this information. Not sure the military example is relevant. Li (2007) describes supply change management as a set of synchronized decisions and activities utilized to efficiently integrate suppliers, manufacturers, warehouses, transporters, retailers, and customers so that the right product or service is distributed in the right quantities, to the right locations, and at the right time, in order to minimize system wide costs while satisfying customer service level requirements. The Home Depot is an industry that ranks inventory in the top five business costs. Oversupply and undersupply of inventory at any given moment could have an extremely detrimental impact on the corporation. Establishing the right amount of product through effective forecasting will ensure that the Home Depot has the products customers need when they want them. This will also mitigate the overstock costs for storage of unsold goods. Economic Environment The current economic environment in the United States is bleak to say the least. As of the writing of this paper there is a high unemployment rate of 7.9% and a slow growth of the United States economy. Growth in the previous year has been at an extremely slow pace. Home sales directly impact inventory needs of the Home Depot. Total sales of homes in the United States have declined 1.7 percent since August of 2012 (realestateabc.com, 2012). Figure 5 shows . . . Figure 5. Title What year? You need to state the year. If home sales continue to decline it could mean that mortgage rates will increase. Increase in mortgage rates would mean that home improvement stores such as the Home Depot would take the brunt of the impact in the hike of the rate. Improvement in the economic environment is crucial for retailers like Home Depot (Steverman, 2009).. The housing bust in the United States hit the Home Depot hard. Due to the state of the economy, the Home Depot had reduced the square footage growth plans in an effort to improve free cash flow and provide strong returns for the company. (Home Depot, 2012). In 2009, the company was forced to exit its EXPO, THD Design Center., Yardbirds, and HD Bath businesses in an effort to focus solely on the brick-and-mortar stores (Home Depot, 2012). According to the five-year summary of financial and operating results of the Home Depot, the company is slowly regaining its previous financial success. Its total net sales are still lower in 2011 than they were in 2007. However, the trend indicates that the company is poised to regain its momentum and bring sales back to what they were previously. Table 1 is a five-year summary of The Home Depots financial and operating results. Table 1. Title Quantitative Tools and Techniques There are many different tools and techniques that are commonly used to support business decision-making. Arguably, decision trees are one of the best tools to assist managers in choosing between several courses of actions. Decision trees take information directly from the managers and allows them to see the outcomes of different courses they might take. According to Mind Tools, there are five steps to creating a decision tree, as shown in Table 2. The first step is to draw a decision tree. This will be the outline to which the manager would fill in the information related to each course of action. Second step will be to evaluate the decision tree. In this step the manager would decide which options have the greatest worth (Mind Tools, n.d.). The third step would be to calculate the values in the tree. Mind Tools suggest to start on the right-hand side of the tree and work backwards to the left. The fourth step is to calculate the value of uncertain outcome nodes. When calculating th e value of uncertain outcomes, one would do this by multiplying the value of the outcomes by their profitability. The total for that node of the tree is the total of these values (Mind Tools, n.d.). The fifth step of creating a decision tree is calculating the value of the decision nodes. In this step managers will have to write down the cost of each option and then subtract the cost from outcome that would give managers a value that represents the benefit of that particular decision. Figure 6 is an example of a decision tree that was retrieved from the Mind Tools website. (Note: It should be Figure 6, not Figure 4) Figure 6. Marketing Concepts As a home improvement warehouse store, the Home Depots customer base are the average do-it-yourselfers, do it for me, and professionals. The Home Depots competition not only includes big-name stores like Lowes but the local hardware stores. The Home Depot uses multiple social media outlets such as Facebook, Twitter, and YouTube. On these sites they reach out to customers through videos depicting how easy it is to do-it-yourself with the right tools and support from the store. They bring customers into the store by hosting how-to seminars. They do these things in an effort to increase brand loyalty, interaction with customers, and customers comfort level when doing projects on their own. In this day and age there are many outlets that companies can utilize an effort to reach maximum customer base. Chantal Tode (2012) wrote an article on how Home Depot decided to do an iPad app in an effort to integrate a customer experience that would get them more involved in home decor. Home Depot launched the Home Depot Style Guide Spring 2012 app around mid-March (Tode, 2012). This iPad application for the Home Depot has proven to be a huge success. The Home Depot will attempt to optimize Home Depot.com in an effort to provide iPad users with the best experience. Matt Jones, general manager of mobile for HomeDepot.com, Atlanta, Georgia said it has outperformed our expectations in terms of downloads, page views per visit and time spent in the app (Tode, 2012). Global View of Business Marketing. Success in international markets depends on a number of different things. When thinking about marketing for an international organization one must consider the wants and needs of that particular market. What works in Houston may not be the same in China. The Home Depot entered Chinas market in 2006. Unfortunately, the company did not do due diligence and study what the market demanded in that country. The Home Depot attempted to market in China the same way as it did in the United States. As a result the Home Depot will close the last of the seven stores in that country. Further research shows that the market in China is more of a do it for me culture (Burkitt, 2012), in part due to cheap labor and the fact that most individuals live in apartments. This means they have less need for items such as lumber and gardening tools. The closing of the stores will cost the Home Depot approximately $160 million after-tax in the third quarter 2012 (Burkitt, 2012). The Home Depot has a YouTube channel dedicated to Spanish speaking customers. This is a strategic marketing plan that should assist the Home Depot with its Spanish-speaking customers and improve its brand with. Management. Same comment as above. International management is one of the key things that brings success when working in a global economy. It is important to understand the culture of the country in which the business will operate. The Home Depot has stores in Canada, Mexico, . Canadian business is improving performance in the fourth quarter (Home Depot, 2012). Mexican business has 33 consecutive quarters of positive comp growth (Home Depot, 2012). Economic and Business Operations. Same comment as above about format. As previously discussed, the Home Depots economic and business operations are going quite well in the international market with the exception of China. The international businesses are operated similarly to those based in the United States. Nextels for the Home Depot outside of the United States were $8 billion for fiscal year 2011 (Home Depot, 2012). Social, Cultural, and Behavioral Foundations of Human Enterprise The Home Depot is very involved in community outreach programs. They have an organization known as The Home Depot Foundation with a mission to ensure that every veteran has a place to call home (Home Depot Foundation, 2012). In 2011 this organization completed more than 1000 projects with more than 400 of them focused specifically on veterans. They worked on projects such as painting local schools, community gardens, and refurbishing needy familys homes while working with local nonprofit organizations. The Home Depot also helps when disaster relief is needed. They assist local governments and organizations by providing supplies and resources needed to clean up and rebuild neighborhoods. The organization also contributes $500,000 to the American Red Cross annual disaster giving program (Home Depot Foundation, 2012). Business and Economic Principles Organizations such as the Home Depot need to understand that basic business and economic principles are of the utmost importance. This paper has discussed many different business and economic principles to include demand, economies of scale, opportunity costs and exit strategies. Critical Thinking The Home Depot solves problems and makes decisions more quickly due to the development of common vocabulary that is used throughout the organization. It utilizes a cross functional relationship approach by mixing the different strengths of the creative, teamwork, and rational approach to problem solving. The Home Depot also empowers its employees to think critically by taking courses offered through the employee website to enhance current skills and learn new ones. They also provide web-based seminars to help their employees learn how to resolve problems efficiently and effectively when they occur. Elements of the Environment That Influence Management Activities This paper has already presented many of the elements that affect management. Elements such as economic conditions, competition, and international environment have been discussed. Other elements that affect management, especially in a home improvement environment, would be things such as weather and social environment. The weather plays a large role due because it directly impacts customer flow to the store. During seasons that involve multiple days of inclement weather, management must make the decision as to what hours the store will be open, what conditions would cause the store to close early, and what items should be brought to the front of the store in an effort to catch the eye of customers. The Home Depot is already answering the question to social environment. When society changes so should business, and the Home Depot has done just that. One can find the Home Depot on many social media outlets such as Twitter, Facebook, and YouTube. Courses of Action (COA) The Home Depot currently uses microeconomic data and economic theory to forecast the levels of demand for its products through the Gross National Product (GNP). The problem is that its demand is closely based on the housing market. As of late the housing market has been unpredictable and therefore the Home Depot should utilize a different forecasting technique. Below are two different COAs to take in consideration. Course of Action One The first course of action would be to implement the Delphi method to forcast inventory needs. This method is a combination of qualitative and quantitative processes that are derived from qualified experts opinions and are used to develop possible theories for the future. There are five steps in the Delphi method (Chong, Adnan, Zin, 2012). The first of his two identify the problem. Administrators will design questionnaires and evaluate total costs before starting the actual procedures. Upon completion of this step the expert selection will begin. Step two is actually selecting the experts. The actual size of the project that needs to be completed will be the determining factor as to how many experts will sit on the panel. The size of the panel actually depends on the budget allotted (Chong et al., 2012). The next step is to administer the questionnaire to the experts. In this step the members of the panel will draw conclusions from their own personal experiences and any other sort o f data or research that is available to them at the time (Chong et al., 2012). The fourth step is actually broken down into different parts. The first part will be to evaluate the responses that were generated from the original questionnaire. The responses that are evaluated from the first questionnaire are used by the director to develop more in-depth questions to be used in the second questionnaire. The second part of the fourth step is to redistribute the questionnaire with more focused questions in an organized list of the responses to these questions on the first questionnaire (Chong et al., 2012). The fifth step is to interpret the results. This final step will continue until all the experts said on the panel comes to a consensus (Chong et al., 2012). The reason this process works relatively well is because the experts are not together. This allows administrators to get a true consensus without prejudice or bias. Figure 7 shows how the Delphi method is used. Figure 7. Delphi Method. Course of Action Two The second course of action would be to implement the Holt-Winters Method for Seasonality Technique. This method utilizes the seasonality factor in order to account for seasonality associated with a product (Gelper, Fried, Croux, 2008). For example, the Home Depot sells many lawnmowers in the springtime and many air-conditioners when the temperature rises in the summer. This particular method needs to estimate three components of a forecasting equation (Gelper et al., 2008). The first component is the current level of sales. This component is achieved by removing noise and all seasonal aspects of the level. The second component is to use the current trend. This is the difference between the levels that are expected to happen between any two given seasons. The third is to add the seasonality. For example, if the Home Depot wanted to forecast sales for August and it is June, the following equalization could be utilized: [level (100) +2*trend (10)]*seasonal (1.4) = 128 units The Holt Winters method estimated that the current level is 100, the trend is five, and August has the seasonal index of 1.4. Figure 8 shows an example of the Holt Winters exponential smoothing. Figure 8. Holt Winters Exponential Smoothing. (Note: I see you have a legend on this one. Good) Recommendation Given the choices between the Delphi method and t

Review of Monsters Are Due On Maple Street :: essays research papers

?The Monsters Are Due On Maple Street? is a story about the paranoia of regular people. When the power and phone lines stop working on Maple Street, the residents become hostile. One boy puts an idea into their heads: that aliens impersonating humans have done it. This single thought catalysts and soon all of the neighbors are ready to hurt each other for answers. ?The Monsters Are Due On Maple Street? is a good play to see for all ages. The play is so relatable to viewers because the characters are the kind of people everyone knows. Steve Brand is the sensible character. He, alone, is the person who keeps level-headed throughout the entire ordeal. He addresses each development rationally and tries to keep everyone together. Charlie starts out as a friendly neighbor, but soon turns into the leader of the witch hunt. He even kills someone in his pursuit to find a scapegoat. He and the rest of the people on Maple Street become dangerously defensive once they?re willing to hurt another human being. The play teaches are very important lesson on being too cautious. When faced with a small problem like a power outage, the residents of a small town turn on each other. It shows how vulnerable and paranoid humans can be. At the end of the play, the narrator says that this is something that could happen among humans anywhere, it is not just confined to the ?Twilight Zone?. This is a departure from most other episodes, which end, ?only in the Twilight Zone?. This show, which broadcasted during the Cold War, is meant to demonstrate horrible things that could come from people being too paranoid and distrustful. This is a lesson which is still relevant today. Though the acting and dialogue seem to appeal to an older audience, young viewers can still enjoy and learn from this play. Prejudices, suspicion, and thoughtlessness are as prevalent as ever. For any problem, humans will look for a scapegoat. The War on Terror seems to bring similar feelings as those around during the Cold War. The lesson of trusting other people is as relevant now as it was in 1960, when the show originally aired.

The Stranger vs the Awakening

In the novel The Stranger the main character Numerals is a male indifferent to society and seems to care about absolutely nothing. Even when his mother dies he is indifferent about it, the only thing he can have any feelings for at all is the nagging heat of the sun at the funeral. He even begins an affair with his mistress Marie the day after the funeral, clearly thinking about sex, which is very important to him. When Marie asks Numerals to marry her he says he could care less either way, which is a blatant sign of careless and emotionless thoughts.It is not until Numerals is imprisoned and sentenced to death does he begin to realize how much he likes his life. HE tells the reader that he sizes the ocean and craves sex and cigarettes, which is the first time he ever has a want or show of emotion towards anything. The Chaplin offers Numerals freedom and life if he will believe God, but of course Numerals will not give in and go against his beliefs. Just before the machine of society cuts him from existence, Numerals laughs in their face showing strength and victory.In The Awakening the main character Is Edna who is dissatisfied with her marriage and motherhood. She finds herself as a person and acts on her desire for sex and emotional connection with her newfound love Robert. There Is a gradual disconnection between Edna and her husband as the novel moves forth, yet Edna begins to slowly become more Independent and free willing at the same time. Her desires and blatant rebellion against the rules of society overwhelmingly Isolates her, causing her to give up end her life by suicide.Considering that Campus Is a male writing about a male character and Chopin Is a female writing about a female character It Is quite an Interesting Idea to pursue that this would affect the way each character handled adversity. Campus' character Numerals Is very strong and Indifferent to society throughout the novel and does not vive Into society. HIS lack of emotion also developed an Image of strength for the simple fact that nothing affected him, and he was Indifferent to all of society. This Is due to Campus growing up In a society that forces males to hide their emotions to give Off false sense of strength and power.Throughout Campus' life he had never claimed to be tied down In marriage having numerous affairs, having never truly assumed faith, as well as living In seclusion before publishing the novel also affected the way the character chose his paths. Numerals seems to be an extremist version of Campus myself, an example Is Merchants ever longing desire for sex and Campus numerous affairs. This also explains to the reader Merchants strength and personal victory through perseverance, which would only be given to a male character through the eyes AT a male autumn. Nonplus Deluge a Tamale writing tout a Tamale contracted most likely has a direct connection with why Edna chose the decision she did at the end of the novel. In the time period Chopin grew up women were not looked at as strong powerful figures that could handle tough situations. Chopin was writing this book after her husband's death in 1882, when he left her with $12,000 of debts. She tried to run their family plantation and store but she Just could not handle it.Being raised with this thought and conception of women being weak as well as her hard times faced while writing this novel is exactly why she had Edna commit suicide in the end of the novel. For Edna there was no escaping the problem, as there was no escaping the problem of debt for Chopin. She was either exiled from society or stuck living a life of unhappiness; her solution was to escape by taking the easy way out and killing herself. This action clearly shows the author's perception that females are not palpable of enduring times of adversity and hardship because she herself wanted to quit deep down on the inside.After reading both novels is it easy to see which character is stronger in their fight against so ciety? Edna took the easy way out by escaping through suicide, which is society over powering her and essentially winning the battle. Numerals on the other hand was never defeated by society; no matter what they threw at him he stood his ground and kept his beliefs. The ultimate sign of his strength and victory is when he laughs in the face of society essentially saying, â€Å"l won, I'm right, you cannot and will not break me. †

Women as a Minority Group essays

Women as a Minority Group essays Women have been discriminated against since the beginning of time, as early as the first people, Adam and Eve. Eve was called the evil one, who ate fruit from the tree of knowledge. Once she had the knowledge to know right from wrong, she chose to do wrong and give the fruit to Adam. Examples like these can be shown all over history books, in stories, tales and legends across the entire world. Women have been subordinate to men in virtually all societies throughout history. The ideology that one sex is superior to the other is called sexism. The presumption of male sexism led to patterns of prejudice and discrimination against women. These prejudices and discriminations have led to many beliefs or ideas of why women are inferior to men. They range from brain size to sexual differences, including personalities based on genitalia. Cross-cultural studies demonstrate how the socialization process and societal expectations of men and women produce variances in As the realization of women as an exploited group increases, the similarity of their position to that of racial and ethnic groups becomes more apparent. Women are born into their sexual identity and are easily distinguished by physical and cultural characteristics. In addition, women now identify that they are all sufferers of an ideology (sexism) that tries to justify their inferior treatment. In all societies around the world, women are treated as if they are a minority group, just like any racial or ethnic group that is out of the norm. The justification for considering women as a minority group and the existence of sexism becomes clear through the examination of social indicators, including education, employment, and income. Education was sex segregated for hundreds of years. Men and women went to different schools or were physically and academically separated into coeducational&qu...

ISHAYA AJET HOSEA Essays - Free Essays, Term Papers, Research Papers

ISHAYA AJET HOSEA Essays - Free Essays, Term Papers, Research Papers ISHAYA AJET HOSEA 130151 Investing in Africa's Future Africa University, [A.U] Institute of peace, Leadership and governance, [I.P.L.G] Master's in Public Policy and Governance (MPPG) Mutare, Zimbabwe Policy Impact on the Environment ( PEP513 ) Lecturer: Mrs. Bere Question: Using a case study discuss renewable sources of energy explaining their limitations as alternatives sources of energy on the African continent: Case: Renewable Energy in Nigeria Sign.. Due Date: 30 March 2018 ABSTRACT All human activities be contingent on one form of energy or another. Energy cannot be created or destroy ed , but can only adjust from one form to a newer . It is a very important substance for economic development of any society or country. Energy is fundamental to human activities. Despite the importance of energy to socio-economic development, Nigeria has not been able to generate the minimum required amount of energy it needs f or her population of over 180 Million Renewable energy is derived from a source that can be regenerated within a reasonably short time through natural sources. These sources include Solar, Wind , Hydro, Biomass, Geothermal . Nigeria has set for herself the target of being within the 20 largest economies in the world by 2020, with the challenges of leadership problem , rising population, unemployment as well as low access to energy and the challenges of climate change. Development and sustenance of renewable energy have been identified to be the most suitable . Energy from these renewable sources can be transformed to supplement the final energy from conventional energy needed to grow the e conomy in a sustainable manner. Keywords: Solar, Wind, Hydro, Biomass, Geothermal INTRODUCTION Renewable energy is generally defined as energy that comes from resources which are naturally replenished on a human time scale such as Sunlight, Wind, Rain, Tides, Waves and Geothermal heat (Donald, 2016) . Renewable energy replaces conventional fuels in four distinct areas; electricity generation, hot water, motor fuels and rural energy services. According to (Armstrong, 2016) r apid deployment of renewable energy and energy efficiency is resulting in significant energy security, climate change mitigation and economic benefits. In international public opinion surveys, there is strong support for promoting renewable sources such as Solar power and Wind power. At national level, at least 30 nations around world already have renewable energy contributing more than 20 percent of energy supply (Amory, 2016) . National renewable energy markets are projected to continue to grow strongly in the coming decade and beyond. While many renewable energy projects are large-scale , renewable technologies are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. United Nation's secretary general Ban Ki-moon has restated that renewable energy has the ability to lift the poorest nations to new levels of prosperity (Leone, 2011) . RENEWABLE ENERGY, GREEN POWER AND CONVENTIONAL POWER- SEE THE DIFFERENCE Renewable Energy Renewable energy includes resources that rely on fuel sources that restore themselves over short periods of time and do not diminish. Such fuel sources include sun, wind, moving water, organic plant and waste material (eligible biomass) and the earth's heat (geothermal). Although, the impacts are small, some renewable energy technologies have an impact on the environment al trade-offs associated with issues such as fisheries and land use. Green Power Green power is a subset of renewable energy and represents those renewable energy resources and technologies that provide the highest environmental benefits. Green power is defined as electricity produced from solar, wind, geothermal, biogas, eligible biomass and low-impact small hydroelectric sources. People often buy into green power for avoided environmental impacts/pollution and its greenhouse gas reduction benefits. Green power sources produce electricity with an environmental profile superior to conventional power technologies and produce no fossil-fuel based greenhouse gas emission. Environmental power assessment (EPA) requires that green power sources must also have been built within the last 15 years in order to support NEW' renewable energy development. Conventional Power Conventional power includes the combustion of fossil fuels (coal, natural gas and oil) and the nuclear fission of uranium. Fossil fuels have environmental costs from mining, drilling or extraction and emit greenhouse gases and air pollution during combustion (Agency International Energy, 2006) . Although, nuclear power generation emits

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Conflict and Critical Theory of Crime - Essay Example Therefore, labeling or defining individuals as criminal offenders spurs processes that stabilize or reinforce participation in a crime or other conditions present before the labeling. Lemert’s contribution in criminology was significant, especially in differentiating between primary and secondary deviation. He referred to primary deviance as instances when individuals engage in behavior that violates the norms of a society without seeing himself or herself as taking part in a deviant action. The deviations are dealt with or rationalized as roles of socially satisfactory roles. On the other hand, secondary deviation refers to occurrence when an individual starts to employ deviant function or action as a defense, adjustment, or attack mechanism to the covert and overt issues developed by the resultant societal response to him. Some of the objective evidences associated with this change are in symbolic appurtenances of the novel role, speech, clothes, and mannerisms (Cordella and Siegel 130). Today, the labelling theory presents as highly significant aspect in criminal justice. Criminology experts can reduce crimes greatly by applying the labeling theory. The main idea behind employing this theory is that it assists in deciphering the reasons behind criminal intents and behaviors. By gaining an understanding why individuals take part in a crime, experts can devise ways to break the cycle, curb crime, and offer rehabilitation to the deviating individuals. However, this premise needs extensive research to perfect on ways that are appropriate to curb

Pressure Ulcer Pain Management Dissertation Example | Topics and Well Written Essays - 2500 words

Pressure Ulcer Pain Management - Dissertation Example Depending on the nature of the pressure ulcer, common treatments include relieving pressure, restoring circulation, and resolution or management of related disorders. However, prevention still remains as the most potent intervention which significantly reduces the chances of undergoing excruciating long-term therapy (Lippincott, Williams, & Wilkins 2009). Effective prevention measures include risk identification, pressure reduction, nutritional assessment, bed rest monitoring, and preservation of skin integrity. In cases of existing pressure ulcers, treatment options include: pressure reduction either by repositioning the patient or by using devices such as beds, mattresses, overlays, and cushions; use of topical ointments; wound cleansing; debridement; and use of dressings to promote wound healing (Lippincott, Williams, & Wilkins 2009). The proper assessment of pressure ulcers is crucial in the determining risk of developing pressure ulcers and provision of appropriate interventions. The Braden Scale is used to determine characteristics present in pressure ulcers. This tool evaluates a patient’s condition in terms of: (1) sensory perception; (2) moisture; (3) activity, (4) mobility, (5) nutrition, and (6) friction and shear (Prevention Plus LLC 2009). The Pressure Ulcer Staging System is a tool developed by the National Pressure Ulcer Advisory Panel and the Agency for Health Care Policy and Research to facilitate the assessment of pressure sore characteristics. ... Allen (2011) emphasized the role of pain assessment and treatment as a crucial part of pressure ulcer prevention and management. However, the assessment of patient pain does present some challenges since the sensation of pain is an individual perception. Any indication of pain is considered a valid pain response and patients can experience pain in varying frequency and intensity. In addition, patients may associate pain with movement, infection, or during treatments such as dressing changes and debridement procedures. On the other hand, there may be isolated cases where patients do not report any pain. 1.1. Background of the Study Pain is never ending problem for most patients with pressure ulcers (Caplan 2009; Allen, 2011). Despite advanced improvement in pressure ulcer (PU) care, the condition continues to be a national and international health care problem, resulting in a decreased quality of life, both physically and emotionally, unnecessary suffering, and even death. Research ov er the past decade has largely focused on the assessment and healing of pressure ulcers, for example, the introduction of standardized risk assessment tools, which are used for the prevention, staging and management of PUs. Despite, all of these measures there is still a dearth of research in relation to the prevention and management of pressure ulcer pain. The impetus for this proposed study comes from the researcher’s personal motivation to search and examine recent evidence-based research addressing pressure ulcer pain, including the factors contributing to the pain, the psychological and social impact of continuous pressure ulcer pain, pain at dressing change and