Share on emailShare on printShare on linkedinShare on twitterShare on facebookMore Sharing Services Fishbone Diagram Background The Cause & Effect‚ or Fishbone Diagram‚ was first used by Dr. Kaoru Ishikawa of the University of Tokyo in 1943 - hence its frequent reference as a "Ishikawa Diagram". This diagram is used to identify all of the contributing root causes likely to be causing a problem. This methodology can be used on any type of problem‚ and can be tailored by the user to fit the
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1.2. ACTIVITIES TIMING AND TOTAL FLOAT To determine timing of activities in the network diagram the following calculations were done for each node: Earliest Start-(ES)‚ Earliest Finish-(EF)‚ Latest Start-(LS) and Latest Finish-(LF). Field and Keller (1998‚ p. 191) ES and EF are found by using the forward pass through the network … from the unique project start node and ends at the unique project completion node. ES is the ending day for the previous node/activity‚ where more than one
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LONG-RUN EQUILIBRIUM OF A FIRM UNDER PERFECT COMPETITION In the long run‚ a firm in the perfectly competitive market can earn only normal profit. So‚ the profit maximization under long run is: (1)Necessary condition P=LMR=LAR=LMC=LAC (2)Sufficient condition Slope of MC > Slope of MR We can establish this condition from the following analysis. In the above diagram for any market price OP1 the existing firms can earn supernormal profit as for the equilibrium output level OQ1. The average
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The Iron-Carbon Diagram There are two iron-carbon equilibrium diagrams: - stable iron-graphite Fe-Gr - metastable iron-cementite Fe-Fe3C The stable condition usually takes a very long time to develop. The metastable diagram is of more interest. Fe3C iron carbide called cementite because it is hard. Following phases exist on Fe-Fe3C diagram: - liquid solution of iron and carbon (L) - ferrite ( ) – an interstitial solid solution of carbon in Fe (bcc). At room temperature ferrite is ductile but
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Week 1-Discussion 1-Circular Flow Diagram To first explain how the circular flow diagram relates to the current economic situation‚ one must realize that the two‚ three‚ and four sector models no longer apply to the United States any more. Only the five sector model currently applies. The five sector model of the circular flow of income is a more realistic representation of the economy and has a more definitive look as to what and how economics really is in the world. In the more simplistic two
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Initial Capital Investment Before investing any amount of capital into a business‚ organisation or idea‚ It is crucial that research is conducted into the market and the market share of the business. From this‚ an estimation can be gained if it is a wise idea and what the possible return maybe. The initial capital investment must be sufficient to cover all costs of the setting up‚ opening and running of the business until the business is making enough income from sales and services to aide or
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Online market A market without bounds‚ disputes unbound Index Introduction Modern scenario: a. Electronic contracting b. Electronic signature/Digital Signature c. Electronic payment and Security thereof d. Dispute Resolution e. Jurisdiction and applicable law f. Consumer protection g. Cybercrimes Suggestions a. E-Commerce Disputes Conclusion Introduction The use of internet as a business medium has contributed to the globalization of consumer‚ as
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The industry report package Milk and Cream Markets in Africa to 2018 Market Size‚ Trends‚ and Forecasts offers the most up-to-date perspective on the actual market situation‚ trends‚ and future outlook for Milk and Cream in Africa. The package includes country reports from the following countries: Botswana‚ Egypt‚ Ethiopia‚ Ghana‚ Morocco‚ Rwanda‚ Senegal‚ South Africa‚ Tanzania The studies include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable
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TITLE Vapour Liquid Equilibrium OBJECTIVE To find the Vapour-Liquid Equilibrium (VLE) relationship for binary mixture and to plot the equilibrium curve. INTRODUCTION The term equilibrium is referred to as when a system is in a static condition and there is absolutely no changes that occur as time goes by. Vapour-liquid equilibrium is a condition where a liquid and its vapor are in equilibrium with each other‚ a condition or state where the rate of evaporation is equal to the rate of condensation
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Entity Relationship Diagram - ERD Database – is a large data repository that stores a shared collection of logically data. A database can be modeled as: A collection of entities and relationship among entities. What is Entity Relationship Diagram? An entity-relationship (ER) diagram is a specialized graphic diagram that illustrates the relationships between entities in a database‚ simply it illustrates the logical structure of databases. ER diagrams often use symbols to represent different types
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