Explain the Economic Order Quantity (EOQ) from first principles. EOQ‚ or Economic Order Quantity‚ was developed by F. W. Harris in1913‚ even if R. H. Wilson is recognized for his early deeply analysis of the model. Harris’s original paper was disseminated; it actually was ignored for many years before its rediscovery in 1988. During this period‚ a lot misunderstanding developed over the origin of the EOQ model. The model is defined as the optimal quantity of orders that minimizes total variable
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Describe the characteristics and explain the causes‚ of tsunamis. (8 marks) A Tsunami is a large and potentially destructive sea wave often produced by a submarine earthquake‚ subsidence or an underwater volcanic eruption. They occur when a large volume of water is displaced in the ocean. The characteristics of tsunamis differ slightly from normal sea waves. For one‚ they often have extremely long wave lengths‚ in deep water an initial wavelength can be up to 100km. Their amplitude contrasts with
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J.D. Salinger’s stories communicate many themes that are key principles in Zen Buddhism. These themes include: the importance of balance‚ the disapproval of logical thinking‚ and enlightenment. Salinger was questioning his religious views after the war. He turned to Zen Buddhism as his new perspective on life. You can tell his stories were influenced by his religion because most of the common themes throughout Nine Stories‚ a short story cycle‚ represent Zen ways of thinking. If a reader did not
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Explain how a working relationship is different from a personal relationship. HSC 025 - 1.1 A personal relationship is a relationship in which two separate individuals have an intimate and close interaction between each other. For example‚ a man and a woman who romanticize each other without being involved in client-to-service user situation. A working relationship is a kind of relationship in which one end of the relationship is an individual or a group in which they are tasked to work or give
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significance of prices in the market economy? What’s so great about a market economy anyway? Chapter 2: Incentives Matter Explain how each of the following relates to efficient outcomes in a market economy: Adverse selection‚ “perverse incentives”‚ principal agent problem‚ and the prisoner’s dilemma. Chapter 3: Government and the Economy In your own words‚ explain what an externality is. Besides addressing externalities‚ what other important and beneficial roles does government play
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1.1 – Explain the sequence and rate of each development from birth to 19 Age 3 – 4 Physical: Children aged between 3 and 4 make a massive stride in their development; they become physically stronger. They start to develop more body co-ordination with their gross motor skills. For example‚ they will become more confident with running. Learning to improve their movements more skilfully will also occur. At this age their fine motor skills will also develop as they learn how to complete more complex
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are important because they help save lives in an collision or accident. 3. How do you benefit from that part or feature? You will still have your life. Module 10: Sharing the Road with Others Stops and Starts: Reflect on Module 10 and the entire course. Look back at your journal entries. Explain the following completely. Being the Driver: Stops: Using the information learned in this course‚ explain three things you will not do when driving. 1. You should not use your cell phone well driving
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Explain the Social Learning Theory‚ making reference to two relevant studies. By Tanisha Sabhaney Behaviouristic theories of learning are essentially theories of conditioning and emphasize the role of reinforcement in learning. One of the mot predominant theories is Albert Bandura’s social learning theory‚ which assumes that. People learn through observing others’ behavior‚ attitudes‚ and outcomes of those behaviors which is called observational learning‚ that is an indirect form of learning known
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Discussion Questions Answer the following in complete sentences. 1. Explain the exclusionary rule and how it applies to civil liberties. The exclusionary rule is a judicial rule that use of evidence which is obtained in violation of the law is unacceptable. This often refers the rights of courts where they are able to exclude such materials that violated the Fourth Amendment. Since civil liberties are rights that individual has to be against the unjust governmental actions‚ the government does not
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1) Explain Plato’s Analogy of the cave. Plato was a Greek philosopher who wrote a book called the ‘Republic’. He lived from 428-347 BCE. In this book he described an analogy of a cave in order to explain his theory of the World of Ideas and the Natural World. Plato’s analogy of the cave is an explanation about ‘the truth’. The analogy portrays that in order to find the truth we must question everything. This will be explained further. In the analogy of the cave‚ the cave represents the physical
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