CHAPTER 1 INTRODUCTION 1.1 INTRODUCTION Transport along with communication‚ forms the core of day to day life of modern world. Conventional rail transport through wide spread is now being considered inefficient in terms of fuel consumption and is time consuming. A genuine replacement for railways which is not only fuel efficient but also highly comfortable and can attain unimaginable velocities of around 450 – 500kms/hr are Maglev Trains whose idea was given by Robert Goddard‚ an American
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Spreaders‚ holds many risks which include‚ but are not limited to: Loss of quality Forgoing in-mold label capabilities or paying to provide such technology to a contract manufacturer Loss of production innovation Currency exchange rate risk; undervalued Yuan Lead time; Defective batches will not be detected until they arrive from China Slight risk of change in policies regarding duties and taxes on agricultural imports Risk of labor and utility rates increasing faster than expected There are also benefits
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Hurry Date‚ a small & privately owned company‚ is one of the America’s leading provider of speed dating with a strong brand recognition. It’s an online version of traditional round-robin speed dating. It operates a website HurryDate.com to screen singles looking to mingle. The range of service it provides are‚ online match-making‚ personal browsing and event hosting. It does this by hosting round-robin meeting event for potentials dating candidates. This is where they make money by charging
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Airbnb offers free rentals to the victims of hurricane Matthew The government ordered millions of residents in the southeastern U.S to vacate their places due to the dangerous hurricane have approached the city. The home sharing platform‚ Airbnb has decided to help the people whose houses were affected by the dangerous storm. Hurricane Matthew moved to Florida’ east cost before affecting the regions of Georgia and South California. Though the storm has weekend‚ the impacts it created takes days to
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ronGreg Newman ACC 707 Jones Ironworks 1) I agree with Freddie. The payment system would be more effective as a piece rate. This should effectively increase the employees’ incentive to produce efficiently. The piece rate will encourage higher production. It will benefit employees for them to know that if they work harder‚ they will get more money. Under the other system‚ they could work inefficiently and get paid the same amount as someone who was working much more efficiently. This encourages
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Technology-HSBC Case Study March 10‚ 2012 Professor Shaw Argosy University How has the company chosen to improve its knowledge of customers and therefore its decision making? Analyze the management‚ organization‚ and technology dimensions of the solution. HSBC‚ as with other banks‚ took advantage of many poor consumers looking to own their own home. These consumers had low credit scores‚ are in default or have low income‚ which means there was a higher probability of them not paying back
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SET A: 10897143‚ 10977570‚ 10879587‚ 10870342‚ 10873279‚ 10857133‚ 10661867‚ 10878440‚ 11090782‚ 10770518‚ 10893091 Three electric power plants with capacities of 25‚ 40‚ and 30 million KWh supply electricity to three cities. The maximum demands at the three cities are estimated at 30‚ 35 and 25 million KWh. The price per million KWh at the three cities is given in the table below. [pic] During the month of August‚ there is a 20% increase in demand at each of the three cities‚ which can
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Q1) Comment on the forecasting method being used by Yankee? Suggest changes that you feel are justified? Ans1) Yankee presently is using the qualitative method for forecasting future demand. Qualitative method as we know is subject to experts’ intuition‚ experience‚ and opinions. So each person according to his/her past experience‚ forecasts the demand for the future. For example‚ Phil Stanton who is in the operations makes his decision of producing in the future on the basis of demand forecast
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2. How much value is generated from cost savings associated with the project? In order to answer this question‚ we need to pay attention that all the revenue we used should be the number before tax‚ then Cost Baseline-Cost Upside=Net Income of Upside-Net Income of Baseline+ Revenue of Baseline-Revenue of Upside=693492‚ which is the value gathered from cost savings in five years. 3. How much value lies in improved revenues? As shown in the Excel above‚ the improved revenue accumulated in five
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1. Describe in words how costs are assigned in the Wilkerson’s current costing system. Discuss the pros and cons of this system. Wilkerson uses a simple traditional cost accounting system in which each unit of product is charged for direct material‚ direct labor and overhead costs. Material cost is based on the prices paid for component under annual purchasing agreements. Labor cost is charged to products based on the standard run times for each product. Labor rates‚ including fringe benefits
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