The Value of Human Life: A Comparison & Contrast on Various Models Employed Faculty of Economics Outline There is increasing debate on the question in what value should be placed upon human life. Numerous agencies and policy makers have taken great interest in tackling the issue of human life valuation. Although there is increasing controversies that surround producing estimates for valuing a human life‚ it is imperative to understand the importance of reaching an economic value
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Did value chain mapping wherein the product and information flow is examined across different departments. My objective was to identify opportunities for improvement of processes. Examined the various processes/activities from the procurement of raw materials to the production of finished goods. Segregated them into value added and non-value added activities (on the basis of the transformation brought about to the product at each stage) I visited each department and learnt about the processes
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Dell’s Value Chain Dell Computer‚ with close supplier relationships‚ encourages sup-pliers to focus on their individual technological capabilities to sustain leadership in their components. Research and development costs are too high and technological changes are too rapid for any one company to sustain leadership in every component. Suppliers are also pressed to drive down lead times‚ lot sizes‚ and inventories. Dell‚ in turn‚ keeps its research customer- focused and leverages that research to
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Dell’s Value Chain 1. How has Dell used its direct sales and build-to-order model to develop an exceptional supply chain? Dell has used its direct sales and build-to-order model to develop an exceptional supply chain by taking customer feedback very seriously. Dell uses the feedback to further evaluate and when necessary‚ implement change to improve their supply chain. The company maintains close-knit relationships with customers‚ and maintains very close‚ professional relations with their suppliers
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. To find the PVA‚ we use the equation: PVA = C({1 – [1/(1 + r)]t } / r ) PVA = $60‚000{[1 – (1/1.0825)9 ] / .0825} PVA = $370‚947.84 The present value of the revenue is greater than the cost‚ so your company can afford the equipment. 7. Here we need to find the FVA. The equation to find the FVA is: FVA = C{[(1 + r)t – 1] / r} FVA for 20 years = $3‚000[(1.08520 – 1) / .085] FVA for 20 years = $145‚131.04 FVA for 40 years = $3‚000[(1.08540 – 1) / .085] FVA for 40
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Attitudes and values-similarity and dissimilarity Attitudes Attitudes are usually defined as a disposition or tendency to respond positively or negatively towards a certain thing (idea‚ object‚ person‚ and situation).It is a personal view of something or an opinion or general feeling about something Attitudes encompass‚ or are closely related to‚ our opinions and beliefs and are based upon our experiences. It is a hypothetical construct that represents an individual’s degree
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Moral values and the march of science All law in some sense teaches and forms us‚ while also regulating our behaviour. The same applies to our public policies‚ including the ones that govern our scientific research. There is no such thing as morally neutral legislation or morally neutral public policy. Every law is the public expression of what somebody thinks we "ought" to do. The question that matters is this: Which moral convictions of which somebodies are going to shape our country’s political
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TIME VALUE Time Value • Interest Rates • Compounding • Discounting • Effective Rates • Annuities • Perpetuities 2 Interest Rates • Types – Bank rate vs. Prime rate – Mortgage rates – Deposit‚ Loan‚ Credit rates • Movement – Demand / Supply – Inflation/ Deflation – Government intervention 3 Main Components 1. Real 2. Inflation 3. Risk *Note: - Risk Free (Rf) = Real + Inflation - Nominal = Rf + Risk Premium 4 Risk Free & Real Rate • Risk Free (Rf) = Real +
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The Value Chain in my Life The value chain is a set of processes that create value and can be used not only in the business environment but also in my personal life. When the value chain can help create competitive advantage and improve my performance on the job‚ parenting‚ or when I am purchasing or providing a service. The key to any significant value chain is recognizing value added steps and by using continuous process improvement to streamline the value chain. In my current career‚ I am gaining
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Teaching Values at School: a Way to Reach a Better Understanding in Our World Gabriele Harecker Pädagogische Hochschule Niederösterreich‚ University of Education (Austria) g.harecker@gmx.at “Teachers are permanently involved in values education… sometimes … without even realizing that they are teaching values …” (Kohlberg & Turiel in PORTELE‚ p. 7) Therefore it is time for us to pay more attention to values education in both teaching and at school. The requirements‚ tasks‚ possibilities and problems
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