...Milestones in the development of the jet engine The principles of the jet engine date back to the first century, it was not until August 1939 when an aircraft designed by Dr. Ernst Heinkel, the He-178 became the first aircraft to fly with a jet engine developed by the German engineer Hans von Ohain. At the same time, Ohain was developing his engine, British engineer Frank Whittle was also developing a jet engine independently and without the knowledge of Ohain's work. Whittle stymied by lack of funding and resources, persevered and in May 1941 the Whittle W.1 engine flew in the Gloster E.28/39 (Boyne, 2014, para. 21). American development of the jet engines American research in the jet engine for aircraft use began in the 1930's,...
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...Interacting between logistics and new product development to achieve company market success. Evidence from Business Aviation Industry: Piaggio aero Company case study. Mario Mustilli and Filomena Izzo; School of Management & Economics, Seconda Università degli Studi di Napoli, Capua (CE), Italy; mario.mustilli@unina2.it, filomena.izzo@unina2.it. Abstract Our paper analyses the interacting between logistics and new product development (NPD) to achieve company market success in the Business Aviation industry. The empirical analysis focused on Italian case study: Piaggio Aero Company. We adopted both qualitative and quantitative data. We found: 1) higher levels of logistics involvement has greater NPD project performance; 2) higher levels of logistics involvement has greater NPD logistics performance; 3) higher levels of NPD logistics performance have higher levels of NPD project performance. Empirical research showed that having technology distinctive competence and innovative product are not sufficient to achieve market success in an industry with high barrier to entry as one that BA; logistics, production, marketing, and NPD must work together co-operatively as unified processes for customer satisfaction and firm success. * Written by Filomena Izzo ** Written by Mario Mustilli & Filomena Izzo INTRODUCTION** Customer closeness necessitate that everyone in the firm have the customer firmly in mind when exercising their functional capabilities. At...
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...protons and neutrons Gravitational (strength: 1) (Range: infinity) -force of attraction between all objects *All of them have an effect of attraction and repulsion except for gravitational which only has an effect of attraction. Other Forces Normal Force: force perpendicular to the surfaces of the objects in contact Friction: force between objects in contact and parallel to contact surfaces Tension: force exerted by string, ropes, fibers and cables *Friction is opposite of applied force, tension is on the same side as friction *gravity and normal force are opposite except on a hill Symbols Fg force of gravity FN normal force Ff friction FT tension FA appiled Dynamics: study of the causes of motion First law of motion/Law of Inertia If the net force acting on an object is zero, the object will maintain its state of rest or constant velocity -objects at rest remain at rest - objects in motion tend to remain in motion -if velocity of an object is constant, the net external force acting on it will also be zero *icy highway example Second law of motion If the net external force on an object is not zero, the object accelerates in the direction of the net force. The magnitude of the net force and is inversely proportional to the objects’ mass. Fnet = ma Third law of motion For every reation there is a reaction force equal in magnitude, but opposite in direction - Always involves two objects -...
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...Project 1 Manage Risk Part 1 – Plan for enterprise risk management Risk management policies, procedures and processes The risk management organisation I will describe is an engineering department of an airline, for the scenario the maintenance division is appropriate for this project. Policies, procedures and processes are widely use in the aeronautical sector, for the maintenance department there is an extensive list of compulsory requirements in order to maintain the safety with aircraft operations; the following list described some of the main policies, procedures and processes when an aircraft is checking before taking off: * Pre flights check list policies, procedures and processes as it should be done for a CESSNA aircraft: The "once over" As you approach the aircraft, give it a "once over." From a distance you can see the whole airplane, and this vantage point can reveal such problems as flat tires and bent or damaged wings, gear struts, fuselage, or empennage. Do not assume that the airplane is okay because you just flew it 10 minutes ago. ARROW check When you reach the cockpit, check first for the necessary documents—the FAA says an airplane cannot legally fly without them. Make sure the airplane has an ARROW, the acronym that helps you remember the required documents: airworthiness certificate, registration, radio station license, operating limitation documents, and weight and balance information. You will most likely find them all in a clear plastic pouch...
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...General Aviation Hangar Restoration Read the following case to answer the following questions. 1. Describe the nature of the project, and its key objectives. 2. Define “Dummy Activities” and describe their role in this project. 3. Describe the key problem(s) in this project and the strategies used to address these problems. Introduction This case example, although for a very small project, illustrates some interesting features of planning using critical path analysis. although there are only 17 activities, the precedence logic is a little complex to draw clearly owing to the number of crossed links, and we show how this difficulty is easily overcome by inserting dummy activities at three of the crossover points. Our case example demonstrates the application of pert (program evaluation and review technique), in which the estimated duration for each activity can be subjected to a probabilistic study in an attempt to forecast the most likely completion time for the entire project. Finally, this case will demonstrate how a project manager need not accept the results of time analysis without question, but can plan to apply extra effort to expedite critical activities (usually for additional cost) to bring the planned project completion date forward. Project Background CEN-CONSTRUCT is a medium-sized business located in Sydney, Australia that is owned and operated by a family. It is principally a consulting company that specializes in aviation civil engineering...
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...Integrated case studies (Acc 4291) Case report 1 flat cargo berhad: An auditor’s conundrum Case Synopsis The case is related to one company known as Flat Cargo Berhad (FCB). FCB was one of the largest air freight companies in Malaysia which servicing several government linked companies including Freight Malaysia Berhad. FCB is a listed company and was registered as an investment holding company with several subsidiaries. Among its subsidiaries are FC Spare Sdn Bhd, Cargo Management Sdn Bhd, FCB (SPV) Ltd, Cargo Air Services Sdn Bhd and FC Air Ltd. FCB started its operations in 1997 with two aircrafts: a Boeing 737-200F and a Cessna Grand Caravan. FCB’s major shareholder in 1997 had been Bangor Berhad, which was part of a diversified international family owned conglomerate, the Miri Group. Up to 2005, FCB secured agreements with well-established companies such as Worldwide Express, United Parcel Services (UPS), Nationwide Express, Citylink, Bax Global and Nippon Express. The Chairman of FCB was Dato’ Ibrahim Samad who was also an independent non-executive director of the company. The top management team comprised of Mr Lim Loon Sim as Chief Executive Officer, Mr Ali bin Ahmad as the Executive Director and Mr Kim Boon Chok as the Chief Financial Officer. In 2005, FCB’s counter was ranked 4th in terms of capital gains and dividends to shareholders. Its share price at 31 December 2001 had been RM 1.89, but by end of 2005, the share price surged to RM10.60 per share...
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...Flat Cargo Berhad Presented by: ABDUL RAHMAN BIN YAACOB AFIFAH BINTI HALIM MAZIAH BINTI MOKHTAR MOHAMMAD AZWAN BIN BASHIRUN MOHD ZUBAIR BIN NOR AZMAN AC088467 AC088398 AC088445 AC088323 AC086470 Presented to: SIR AZWAN ABD RASHID NABILAH BINTI SAAD AC088349 INTEGRATED CASE STUDY ACSB 413 INTRODUCTION Company Background 1997 Started operations with 2 aircraft - Boeing 737-200F - Cessna Grand Caravan Operating Primarily -Air cargo carrier Principal activities of FCB Subsidiaries -Air Freight Service and Aircraft Ground handling service 15 September 2001 -Obtained listing in Bursa Malaysia Auditor -Kenyans & Associates In 2001 to 2004 -the have a fast growing at intra- Asian air express market -demand for express transportation Services increased. -give best delivering quality services and satisfying customer demand. FCB Wholly Owned Subsidiaries Cargo management Sdn Bhd Fc Spare Sdn Bhd FCB Wholly Owned Subsidiaries FC Air Ltd FCB (SPV) Ltd Cargo Air Service Sdn Bhd FCB secured agreements with well-established companies Up to 2005 Bax Global United Parcel Service (UPS) Express Worldwide Nippon Express CityLink Nationwide Express Top Management Team Dato’ Ibrahim Samad • Chairman • Independent non-executive director • Former of Directors General for Ministry of Transportation • As a Malaysia chamber of commerce’s former president Mr Lim Loon Sim • Chief Executive Officer (CEO) • Founder for FCB • Board...
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...UPS and FedEx Air Hubs: Comparing Louisville and Memphis Cargo Hub Operations by Alex Cosmas and Bastien Martini The economies of scale afforded to passenger airlines by the use of a hub-and-spoke model are also enjoyed, sometimes to an even greater extent, by cargo carriers. The world’s two largest integrated carriers, UPS and FedEx, run their central air hubs in Louisville (SDF) and Memphis (MEM), respectively. We present a case study of the air hub operations at SDF and MEM. The land-side and air-side operations are contrasted between SDF and MEM, and generalizations are drawn regarding issues prevalent to cargo versus passenger hubs. I. Air Cargo in History The beginning of the last century saw the dawn of flight. Since the Wright brothers’ first flight, the transfer of goods through air mail and air freight has grown tremendously. The first cargo flight ever took place between Dayton and Columbus, Ohio in November 1910, when a department store shipped a bolt of silk. Even though the shipment was of small size, the flight stayed in the records because it was achieved in less time than possible by train. Some time elapsed before the first commercial cargo airline was created. In the 1920s passenger carriers created entities to carry freight, but it remained a very low fraction of their business. In fact, the first all-cargo airline was created after World War II, but bankruptcies and accidents in the early 1950s made most of the carriers quit the business...
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...Wind tunnel A wind tunnel is a tool used in aerodynamic research to study the effects of air moving past solid objects. A wind tunnel consists of a closed tubular passage with the object under test mounted in the middle. A powerful fan system moves air past the object; the fan must have straightening vanes to smooth the airflow. The test object is instrumented with a sensitive balance to measure the forces generated by airflow; or, the airflow may have smoke or other substances injected to make the flow lines around the object visible. Full-scale aircraft or vehicles are sometimes tested in large wind tunnels, but these facilities are expensive to operate and some of their functions have been taken over by computer modelling. In addition to vehicles, wind tunnels are used to study the airflow around large structures such as bridges or office buildings. The earliest enclosed wind tunnels were invented in 1871; large wind tunnels were built during the Second World War. Contents • 1 Theory of operation • 2 Measurement of aerodynamic forces • 3 History o 3.1 Origins o 3.2 World War Two o 3.3 Post World War Two • 4 How it works o 4.1 Pressure measurements o 4.2 Force and moment measurements • 5 Flow visualization o 5.1 Qualitative methods • 6 Classification o 6.1 Aeronautical wind tunnels 6.1.1 High Reynolds number tunnels 6.1.2 V/STOL tunnels 6.1.3 Spin tunnels o 6.2 Automobile tunnels o 6.3 Aeroacoustic tunnels • 7 List of wind tunnels o 7.1 Aquadynamic...
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... Orlando, FL 32816, 'Hankamer School of Business, Baylor University, Waco, TX 76798-8004, and ^College of Business and Industry, University of Massachusetts Dartmouth, North Dartmouth, MA 02747, USA Acquisitive growth strategies continue to be popular, in spite of increasing evidence that they often do not enhance the financial performance of acquiring firms and may adversely affect innovation. However, some acquisitions are associated with both increases in financial performance and a strengthened commitment to R&D while others experience decreases in both. Multiple theories have been offered to explain acquisitions and their outcomes, but few have received strong empirical support. This paper describes a multiple rater, multiple-case study of acquisitions that had highly favourable outcomes and others that experienced highly unfavourable outcomes. All twelve of the high performing acquisitions studied were found to exhibit the dual characteristics offiriendlinessduring acquisition negotiations and resource complementarities between the two firms. Additionally, debt played an important role in the success (low to moderate debt) or lack of success (high or extraordinary debt) in 21 of the 24 acquisitions studied. Inadequate target evaluation was a factor in 11 of the 12 acquisitions with low performance. Importantly, the results of both sets of acquisitions suggested that a configuration of attributes affected post-acquisition performance. Other findings both supported and...
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...Dilemma……………………………………………………………………….……….5-7 Using the Fraud Triangle Model to analyze the situation in Flat Cargo Berhad……………..…8-9 Who is responsible in the fraud of Flat Cargo Berhad ……………………………………..…10-11 Prevention Measures for Fraud ……………………………………………………………….12-13 Detection Measures for Fraud…………………………………………………………...……14-15 Recommendation…………………………………………………………………….……….16-17 Conclusion…………………………………………………………………………...……….18-19 References………………………………………………………………………………………..19 Introduction The case is related to one company known as Flat Cargo Berhad (FCB), FCB was one of the largest air freight companies in Malaysia which servicing several government linked companies including Freight Malaysia Berhad. FCB is a listed company and was registered as an investment holding company with several subsidiaries. Among its subsidiaries are FC Spare Sdn Bhd, Cargo Management Sdn Bhd, FCB (SPV) Ltd, Cargo Air Services Sdn Bhd and FC Air Ltd. FCB started its operations in 1997 with two aircrafts: a Boeing 737-200F and a Cessna Grand Caravan. FCB’s major shareholder in 1997 had been Bangor Berhad, which was part of a diversified international family owned conglomerate, the Miri Group. On September 2001 the company was listed in Bursa Malaysia. The main core business was to provide air freight transportation within the Asian region. As a company that growing fast, FCB secured agreements from well-established company within the transportation industry which is among of their customers such as Worldwide Express...
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...ACT 4197 INTEGRATED CASE STUDY FLAT CARGO BERHAD: AN AUDITORS CONUNDRUM Submit to Prof. Madya Dr Nor Aziah binti Abu Kasim Submit by Ummu Syafiqah binti Yaakob 156756 Lee Liu Kim 157279 Nurhafiza binti Abdul Razak 157458 Tay Yee Joe 159264 Semester 2, 2013/2014 * Table of Contents 1.0 Introduction 1 2.0 Case Overview 2 3.0 Issues Identified in FCB 4 3.1 Material Misstatements in Financial Statements of FCB 4 3.2 Lack of Internal Control 7 3.3 Weaknesses on the Corporate Governance 9 3.4 Ethical Issues of the Top Management and Auditors 11 4.0 Recommended solutions 15 5.0 Conclusion 23 6.0 Appendices 24 Introduction Flat Cargo Berhad (FCB) is an air cargo company, which was listed in Bursa Malaysia on 15th September 2001. It was known to be one of the largest airfreight companies in Malaysia. The company was registered as an investment holding company with several subsidiaries, for which their principal activities ranging from air freight services to ground handling services. FCB was the only dedicated Intra-Asian overnight express cargo operator based in Malaysia and had exclusive excess to an international cargo complex at Sultan Abdul Aziz Shah Airport in Subang. Furthermore, as it has successfully secured the landing rights in Asia Pacific regions, FCB was in ideal niche position to serve the international integrators, freight forwarders, and major airlines within Asian region. However, as highlighted...
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...No. 99-159C (Filed: July 13, 2001) __________ CENTEX CONSTRUCTION COMPANY, * INC., * * Plaintiff, * * v. * * THE UNITED STATES, * * Defendant. Summary Judgment; Contract Interpretation; FAR; Specifications and Drawings for Construction Clause; Detail in Drawing Held Part of Contract; Additional Compensation Denied __________ Gina M. Vitiello and Seth Price, Atlanta, Georgia, for plaintiff. Erin E. Powell, Civil Division, U.S. Department of Justice, Washington, D.C., with whom was Assistant Attorney General David W. Ogden, for defendant. ___________ OPINION __________ ALLEGRA, Judge: The basic issue in this case is whether the contract in question, to construct an addition to a Veteran=s Administration medical facility, required the installation of channel bracing in stud walls with door openings. If it did not, then plaintiff is entitled to additional compensation for ultimately having to install those braces; if the contract did so provide, then plaintiff is entitled to no compensation. After careful consideration of the briefs filed and the oral argument, and for the reasons discussed below, the court concludes that the contract required the channel bracing and, therefore, GRANTS defendant=s motion for summary judgment. I. Statement of Facts On or about September 30, 1993, the Department of Veterans Affairs (AVA@) entered into Contract No. V101DC0086 with Centex Construction Company, Inc. (ACentex@ or Aplaintiff@) to construct a clinical addition and Spinal Chord...
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...Introduction On September 12, 2002, national television showcased Tyco International’s former chief executive officer (CEO) L. Dennis Kozlowski and former chief financial officer (CFO) Mark H. Swartz in handcuffs after being arrested and charged with misappropriating more than $170 million from the company. They were also accused of stealing more than $430 million through fraudulent sales of Tyco stock and concealing the information from shareholders. The two executives were charged with more than thirty counts of misconduct, including grand larceny, enterprise corruption, and falsifying business records. Another executive, former general counsel Mark A. Belnick, was charged with concealing $14 million in personal loans. Months after the initial arrests, charges and lawsuits were still being filed—making the Tyco scandal one of the most notorious of the early 2000s. TYCO: BEFORE, DURING, AFTER Tyco International has operations in over 100 countries and claims to be the world's largest maker and servicer of electrical and electronic components; the largest designer and maker of undersea telecommunications systems; the larger maker of fire protection systems and electronic security services; the largest maker of specialty valves; and a major player in the disposable medical products, plastics, and adhesives markets. Since 1986, Tyco has claimed over 40 major acquisitions as well as many minor acquisitions. BEFORE: Prior to the Tyco scandal, the company was one of America's...
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...Contents South West Airlines 4 Goals and Objectives 5 Their Mission and Vision Statement 5 Strengths 6 Weaknesses 6 Opportunities 8 Threats 8 Analyzing company’s external environment 9 Analyzing the nature and strength of competitive forces 11 Competitive pressure stemming from bargaining power of buyer: 16 Determining whether the collective strength of the five competitive forces is conductive to good profitability: 17 Competitive pressure from seller of substitute products 18 Sign that competition from substitute is strong 19 Competitive pressure stunning from supplier bargaining power 20 PESTEL ANALYSIS 24 SCENARIO PLANNING 56 SCENARIO NO.1 58 SCENARIO NO.2 59 SCENARIO NO.3 59 SCENARIO NO.4 60 SCENARIO NO.5 60 SCENARIO NO.6 60 SCENARIO NO.7 61 SCENARIO NO.8 61 Competitors Objectives 62 Competitor's Current Strategy 63 Competitor's Resources and Capabilities 64 Competitor’s Assumptions 66 Regional Factors 67 Value chain activities: 68 Key competitive advantages: 72 Solutions: 82 Weights of Key success factors in five airlines: 86 COMPETITIVE ADVANTAGE 92 FIVE GENERIC COMPETITIVE STRATEGIES: 92 LOW COST PROVIDER STRATEGIES: 92 DIFFERENTIATION STRATEGIES: 95 BEST-COST PROVEDER STRATEGIES: 96 FOCUS (MARKET NICHE) STRATEGY: 96 STRATEGIC ALLIANCE AND PARTNERSHIP: 97 MERGER AND ACQUISITION STRATEGIES. 98 VERTICAL INTEGRATION. 98 OUTSOURSING. 98 OFFENSIVE...
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