Wiener process (also called Brownian motion) is a stochastic process {Wt }t≥0+ indexed by nonnegative real numbers t with the following properties: (1) (2) (3) (4) W0 = 0. With probability 1‚ the function t → Wt is continuous in t. The process {Wt }t≥0 has stationary‚ independent increments. The increment Wt+s − Ws has the N ORMAL(0‚ t) distribution. A Wiener process with initial value W0 = x is gotten by adding x to a standard Wiener process. As is customary in the land of Markov
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Levels of product Core product The core product is not the tangible physical product. We can’t touch it. That’s because the core product is the benefit of the product that makes it valuable to us. So with the car example‚ the benefit is convenience the ease at which we can go where we like‚ when we want to. Another core benefit is speed since we can travel around relatively quickly. Actual product The actual product is the tangible‚ physical product. We can get some use out of it. Again with the
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Product Design & Development Concept Generation ETM 551 Lecture 5 -Concept Generation.ppt 1 Concept Generation Example: Power Nailer • What existing solution concepts‚ if any‚ could be successfully adapted for this application? • What new concepts might satisfy the established needs and specifications? • What methods can be used to facilitate the concept generation process? ETM 551 Lecture 5 -Concept Generation.ppt 2 Concept Development Process Mission Statement Identify
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many countries around the world. They “operate production and distribution facilities that include malting‚ distilleries‚ breweries‚ packaging plants‚ maturation warehouses‚ cooperages‚ vineyards‚ wineries and distribution warehouses (Diageo Global Supply‚ 2013)”. They are least admired when it comes to social responsibility on the fortune 500 website. Business theorist Michael Porter
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For Theory Sanjay Agarwal (66 Pages) and Compilation. ✓ Classes Notes ✓ Compilation (J ks has covered O.R. part very well so you do not even have to look compilation for that but for rest of the part it is a MUST do.) ISCA : ✓ Available Books (Paduka ‚ Dinesh Madan‚ Devang Dalal) ✓ I have heard (from reliable sources) that Devang Dalal (First Edition : Aug-2010) has mostly used module language and covered it well ‚ so it is preferred over others). ✓ A thorough
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The Product 3 Consumer Product Classification 3 Target Market 3 Competitive Situation Analysis 4 Analysis of Competition using Porter’s 5 Forces Model 4 SWOT Analysis 4 Strengths 5 Weaknesses 5 Opportunities 5 Threats 6 Market Objectives 6 Product Objective 6 Price Objective 6 Place Objective 6 Promotion Objective 7 Marketing Strategies 7 Product Strategies 7 Price Strategies 7 Place Strategies 7 Promotion Strategies 7 Tactics and Action Plan 8 Product Action Plan 8 Price Action
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SSCE 2193 Engineering Statistics Semester 2‚ Session 2012/2013 ASSIGNMENT (10%) Instructions: a. This is a GROUP assignment. b. Each student must be a member of a group of 4 or 5 students‚ selected by lecturer. c. Solutions from each group must be submitted by 19 April 2013. SPECIAL DISTRIBUTIONS I. Concept of probability (3%) 1. Explain why the distribution B(n‚p) can be approximated by Poisson distribution with parameter if n tends to infinity‚ p 0‚ and =
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PRODUCT CHARACTERISTICS & CLASSIFICATIONS Product level: The customer value hierarchy Is product a tangible offering? No‚ it’s more than that. “Product” is anything which can satisfy market. People classify products according to customer value. It’s illustrated by this circle system. At the centre is core benefit which the customer really buy. Take Shilla‚ a hotel of SamSung group‚ for example‚ when you get there‚ what are you pay for? Is it a room‚ or a bed‚ or a shower? Not at all. Basically
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Outline the concept of the augmented product. Apply and evaluate the concept to a brand of your choice. The concept of the augmented product tries to show how the overall view of the product and brand by fragmenting it into separate dimensions. Corey (1975) describes it as “the product is the total package of benefits that the customer receives when he buys.” There are 3 dimensions; core‚ tangible and intangible. Through these dimensions the product can be differentiated from competitors and
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that uses single-product strategy to advertise their product known as TAMPAX. This product is the best selling product with 44% of the global market share. Out of this 44%‚ approximately 90% of its sales come from North America and Europe. One of the main reasons for tampax being successful only in North America and Europe is because tampons still have not gained popularity as a result of various cultural resistance‚ religious resistance and/or myths associated with using a tampon. This case study discusses
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