OMEGA: An Improved Gasoline Blending System for Texaco MGMT 372 Blending gasoline is a critical refinery operation. Texaco implemented the system‚ OMEGA‚ in 1980 on personal and large computer systems. Computers were being installed at Texaco refineries in 1960’s and were mostly used for accounting purposes‚ data acquisition‚ process control‚ and refinery modeling. At this time‚ compositions of gasoline blending were being developed by trial and error‚ experience‚ and average response tables
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1. Do you expect the search business to become more concentrated? Is search a winner-take-all business? For the case of Google‚ we can conclude that the search business of Google has become more dominated and concentrated. In terms of the companies‚ they do not expect the search business to be dominated by only fewer firms. Because the search business earned large revenues from the corporates’ advertisement and the fee is very high. If the companies want to advertise on the website of search business
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SureCut Shears Case Write-up The issues presented in this case are mainly due to incorrect assumptions about the market for sales in 1995 and the subsequent retail downturn that followed. More specifically‚ Mr. Fischer (CEO of SureCut Shears) assumed sales and demand in 1996 would be consistent with the prior year. However‚ as noted in the actual financial statements for 1996‚ inventories grew‚ reflecting that demand for its products was not as anticipated beforehand. In addition‚ sales declined
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a. Explain the technology or innovation introduced in the cases. Cannon knew that his compact echo machine‚ which he carried under his arm by a single handle‚ would have to perform competitively in a room filled with state-of-the-art echo machines made by long-standing competitors such as Hewlett Packard -- each machine weighing more than the average NFL linesman and costing nearly a quarter of a million dollars. To view the functioning of the heart‚ the face of the transducer‚ which was
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ABC Inc. Date: January 11th‚ 2015 Prepared by: Reviewed by: Professor ISSUE: Accounting for ABC’s tenant improvements and lease incentive obligations under the lease agreement with Landlord LLC (the “Landlord”). BRIEF BACKGROUND OF COMPANY ABC Inc. was founded in 2007 and is headquartered in San Francisco. Revenues and net income for 2010 are $500 million and $80 million‚ respectively. In September 2010‚ ABC Inc. (“ABC” or the “Company”) entered into an agreement with Landlord LLC (the
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The group is presenting on the topic of product development and product bundling are significant factors influencing market demand in telecommunication. Product development involved modification of an existing product or its presentation‚ or formulation of an entirely new product that satisfies a newly defined customer wants or market niche.There are two parallel paths involved in the product development process‚ one involves the idea generation‚ product design and detail engineering; the other
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pressure is applied Exsanguinate to stop from bleeding out and bleeding to death Range of motion and laxity the degree of movement that a lever is capable of completing when restricted by a joint and its surrounding tissues. Trocar is a medical instrument with a sharply pointed end‚ often three-sided‚ that is used inside a hollow cylinder (cannula) to introduce this into blood vessels or body cavities. Arthroscope a type of endoscope that is inserted into the joint through a small incision
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Peckham‚ Inc.‚ a nonprofit community vocational rehabilitation organization‚ is a unique business and human services agency that values quality‚ diversity and performance. Our mission is to provide a wide range of opportunities to maximize human potential for persons striving for independence and self-sufficiency. We embrace collaboration‚ effective resource management and innovative approaches to achieve world-class excellence. Peckham‚ a nonprofit organization‚ was founded in 1976 to provide
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Daniele Francescon Stephane Nicolay AMERICAN LIGHTING PRODUCTS Case Study Business Logistics November 2008 TABLE OF CONTENTS Preface 3 Analysis of the situation 3 Physical flow of goods 3 Organisational structure 3 Information management: order processing and demand forecasting 4 Performance 4 Costs 5 Identification of major issues and problems 6 Incipit 6 Initial consideration: need to redesign the system 6 Generation of
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1- Describe the existing cost system and explain why it failed The current cost system is based on two components: a direct and indirect cost measurement. There are only two types of cost: direct labor and burden. Burden is grouped into a single cost pool and represents the cost of both testing rooms‚ engineering burden costs (software and tooling development)‚ plus the administrative costs of the division. Burden was then calculated for each lot‚ with a burden rate of 145% The lot’s total
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