...Engineering change order – a revision to a drawing or design released by engineering to modify or correct a part concept development phase – 1st phase of a project development effort. Here a company identifies ideas for new of revised products and servicesDFM, product design for manufacturability – the systematic consideration of manufacturing issues in the design and development process, facilitating the fabrication of the products components and their assembly into the overall product serviceability, testability – serviceability the ease with which parts can be replaced, serviced, or evaluated. Testability the ease with which critical components or funtions can be tested during production pre-sourcing & pre-approving suppliers – process of preapproving suppliers for specific commodities or parts robust design, variation – design of products to be less sensitive to variations including manufacturing variation and misuse, increasing the probability that they will perform as intended.QFD, quality function deployment, roof –graphical tool used to help organizations move from vague notions of what customers want to specific engineering and operational requirements “house of quality”product development process & consumer –concept dev. Planning, design and dev, commercial preparation, launch development funnel, sequential, concurrent – a process in which the product or service idea must clear specific hurdles before it can go on to the next dev phase.design development phase...
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...FORCASTING METHODS Math 540 Quantitative Methods Professor: Forecasting Methods Outline Strategic Role of Forecasting in the Corporate World of Business Components of Forecasting Demand Time Series Method Forecasting Accuracy Regression Methods Benefits of Forecasting Benefits of forecasting Forecasting can help you make the right decisions, and earn/save money. Here are a few examples. Define better sale strategies If a product is declining, maybe it is a good idea to consider stop producing it. But maybe not: maybe it is just your sales that are declining, but not your competitor's? In this case, is there a chance that you can get your market share back? Forecasting techniques provide answers to these questions – vital questions to your business. Size your inventories optimally Time is money. Room is money. So what you want to do is use all means at your disposal in order to reduce your stocks – without experiencing any shortages, of course. Forecasting Components Short-Range Forecast Daily operations Medium-range Forecast Used from anywhere from a month up to 1 year Long-range Forecasting More strategic and for over a year Forecast Patterns Trend A gradual long-term up or down movement of demand Random variations Unpredictable movements in demand that follow no pattern Cycle An up and down repetitive movement in demand Seasonal pattern An up and down repetitive movement within a trend occurring periodically ...
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...HRM Planning Key Features: Define HR Planning and its crucial(Very serious) relationship with strategic organizational planning. Examine the nature and role of HRM info system(HRMIS) in HRP and SHRM Develop an understanding of the techniques of HRP and advantages/disadvantages of HRP process I.HRP and SHRM HRP is the bridge between HRS and HR Function(Activity).It’s the process through which the Organisational Goals are translated into HR goals in staff-ing levels and allocation HRP ensures the org have the right people with right skill in right place at the right time. HRP guides the long-term resourcing of people in org-the acquisition(capture),use and development of Human capital and knowledge assets Workfoce Planning(HRP)=>Preparing to recruit=>Attracting Staff=>Recruiting and selecting staff=>Developing and retaining staff. Step:Environmental Scanning(External and internal)=>Labour Demand Forecasting=>Labour supply analysis=>Balancing demand and supply Emphasied the need to diagnose(discover) the real reasons for mismatches in supply/demand Using a mix of qualitative and quantitative techniques It Involves: Forecasting labour requirement for an org Predicting likely(will happen) sources Environmental Scanning Development of Objective and Goals Formulating the necessary steps to meet needs Evaluation(Judgement) of the planning process The HR Planner should: 1st Analyzing Environmental Factors and Organization Direction=>Forecasting...
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...GARCH Model Fitting For IBM Introduction: Nowadays, many econometric studies have documented that financial return time series tend to be highly heteroskedastic, with varying variability or volatility and thick-tailed marginal distribution. Volatility is the conditional variance, which is unobservable and tends to be clustered together. Clustering is referred to as the phenomenon that large price changes of either signs tend to be followed by large changes, and similarly small changes follow small changes. Sudden bursts of volatility in financial returns exhibit strong dependence on the return time series, and a period of tranquility alternates with a period of volatility bursts. A popular ARCH, which is called Autoregressive Conditional Heteroscedasticity, modeling was introduced to capture the predictability of volatility ad the volatility clustering as well as the thick-tailed marginal distribution of the return time series. The tremendous success of GARCH modeling in empirical work makes may econometricians to treat it as the benchmark model for financial time series. Data Description: In this GARCH model fitting report, I use the history of stock price of IBM from January 2nd, 2013, to December 31th, 2013, collecting the data of “High”, “Low”, “Close”, and so on. At the beginning, I run the ACF for the log return and squared log return of IBM to get the autocorrelation for them. Then, by assuming that the model is normal distribution, we use the R to fit a GARCH model...
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...general economic activity as inputs for their microforecasts of the industry’s and firm’s demand and sales. Forecasting helps decide a firm’s marketing strategy, production needs, sales forecast, and helps predict financial needs such as cash flow, profits, and outside financing. Furthermore, it helps make personal based decisions, as well as assist for the long-term future of the firm (Salvatore, 2012). b) Forcasting types range from expensive to inexpensive, as well as simple to complex. Forecasting techniques can be qualitative, and others can be quantitative. Salvatore focuses on qualitative forecasts. These forecasts include: time-series, smoothing techniques (moving averages), barometric forecasts with leading indicators, econometric forecasts, and input-output forecasts. c) A firm determines the most suitable forecasting method to use by using the following criterion: 1. the cost of preparing the forecast and the benefit that results from its use 2. the lead time in decision making 3. the time period of the forecast (short or long term) 4. the level of accuracy required 5. the quality and availability of the data...
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...Introduction Jute is a bio-degradable eco-friendly item. Prior to nineties, jute fabric was used for making low cost carry bags and gunny bags for packing rice, paddy, sugar, dal, cement etc. With the start of Jute diversification, a large market has developed for the jute yarn, jute fabrics and other jute based products. With the market assistance of Ministry of Textile & Jute and Bangladesh Jute Mills Corporation a large production base of small and cottage sector units have come up with a wide variety of products and are sold through exhibitions organized by different agencies. Both Ministry of Textile & Jute and Bangladesh Jute Mills Corporation have their own development schemes to support jute entrepreneurs beginning from imparting “Basic Training Programme”,“Advance Training Programme”, “Advance Training cum Design Dissemination Programme ”,“Technical demonstration” and “Buyer Seller Meet”. They are also assisting the jute entrepreneurs to sell their products through different Trade Fairs/Exhibitions in the country. Ministry of Textile & Jute is also providing marketing assistance to jute entrepreneurs by providing them stalls in the trade fairs/exhibitions in the domestic market as well as in the foreign markets. For creating pollution free environment the Govt. has started discouraging the use of polythene and rexin items. the polythene bags have been totally banned .For eco-friendly character the demand for jute yarn, jute fabrics and other jute items...
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...Value41 Data warehouse External sources Extract Transform Load Serve Query/Reporting Operational source systems Data marts Data mining Falö aöldf flaöd aklöd falö alksdf Operational source Data staging systems (RK) area (RK) Legacy systems Back end tools OLTP/TP systems Data presentation area (RK) ”The data warehouse” Presentation (OLAP) servers Data access tools (RK) End user applications Business Intelligence tools Operational Source Systems Operational source systems characteristics: Operational source systems • the source data often in OLTP (Online Transaction Processing) systems, also called TPS (Transaction Processing Systems) • high level of performance and availability • often one-record-at-a time queries • already occupied by the normal operations of the organisation OLTP vs. DSS (Decision Support Systems) OLTP vs. OLAP (Online analytical processing) Operational Source Systems More operational source systems characteristics: Operational source systems • a OLTP system may be reliable and consistent, but there are often inconsistencies between different OLTP systems • different types of data format and data structures in different OLTP systems AND DIFFERENT SEMANTICS Operational Source Systems Kimball et al´s assumptions (p 7): Operational source systems •Source systems are not queried in the broad and unexpected ways •Maintain little historical data •Each source systems is often a natural stovepipe application ...
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...CHAPTER ONE 1.1 INTRODUCTION A casual look at the published empirical work in business and econometric will reveal that many economic relationships are of single –equation type. In such models, one variable (the dependent variable Y) is expressed as a linear function of one or more other variables (the explanatory variables, the X’s). An implicit assumption is that the cause and effect relationship, if any , between Y and X’s is unidirectional. The explanatory variables are the cause and the dependent variable is the effect . However, there are situations where there is a two- way or simultaneous relationships between Y and some of the X’s which makes the distinction between the dependent and the explanatory variables of dubious value. It is better to lump together a set of variables that can be determined simultaneously by the remaining set of variables- precisely what is done in simultaneous equation models. In such models, there is more than one equation - one for each of the mutually or jointly dependent or endogenous variables. And unlike the single equation models, in the simultaneous equation models, one may estimate the parameters of a single equation without taking into account information provided by the other equation in the system. In a simultaneous equation system, variables that appear only on the right – hand side of the equation are called exogenous or predetermined variables. They are truly independent or non-stochastic because they remain fixed. Variables...
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...RANGKUMAN SIM UTS 06PAY PERTEMUAN 1-2 “FOUNDATION OF IS IN BUSINESS” - Sistem adalah komponen yang berkesinambungan untuk mencapai tujuan Informasi adalah data yang telah diolah menjadi informasi yang bermanfaat. Data adalah kumpulan objek yang mentah menjadi informasi Management adalah sbeuah perencanaan dan mengawasi daripada penggunaan sumber daya untuk mencapai tujian bersama. IS penting dalam bidang adminstrasi bisnis dan managmen, serta mendorong kemampuan organisasi untuk memperlancar sebuah bisnis. Apa itu SI? Sekumpulan data dan informasi yang telah diolah, dibuat alat atau sistem untuk mencapai tujuan bersama. Framework dari major area SIM: - Fundamental IS Business: - Trends in IS o 1960’s Electronic Data Processing (EDP) Management Information Systems (MIS) o 1970’s Decision Support Systems (DSS) Roles of o 1980’s End User Computing Executive Information Systems (EIS) Enterprise Resource Planning (ERP) o 1990’s The Internet Intranets and extranets Global networks o 2000’s Business Intelligence (BI) – all applications and technologies focused on gathering and analyzing data/information for strategic business decisions Internet-based/Web-enabled enterprises – dramatically changed the capabilities of IS in business Global e-business and e-commerce – now commonplace IS is now solidly entrenched as a strategic resource in the modern organization - Peran e-bisnis dalam bisnis o E-Bisnis...
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...“Water, not Oil, is the lifeblood of Texas” -James A. Michener 2011 saw what was one of the driest seasons in Texas’ history, local climatologists are forcasting one of the worst droughts since the 1950’s when Texas rainfall dropped 30-50% lower than normal and temperatures rose to incredibly abnormal highs (Brown, Texas Punishing dry spells). As a result water supplies ran so low that many communities had to import water from outside states, many local farms and ranches failed and the state’s demographics became skewed due to the high number of relocated families (Brown). This drought and its effects were some of the worst since those seen in 1908 when Bowder springs was completely depleted, the Trinity River was pumped dry, and all water storage along the river proved inadequate (Turner, Long Range Water Supplies Plan). Due to the brevity of time available to find a solution, many studies have been enacted in efforts to find a viable solution to the potential water losses. We present to you in parts 1 and 2 our findings on possible scenarios for water conservation and outside resources should our current available resources become depleted. Part 1: Solutions for Replenishing Depleted Local Water Resources Sourcing Water from Local Aquifers When many think of the valuable underground natural resources that are found in Texas, oil and natural gas are sure to be at the top the list for most people. And by and large they are correct, but there is one resource that is a part...
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...THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA (1970-2010) BY DUROSINMI TEMIDAYO.O EC/2008/622 DEPARTMENT OF ECONOMICS FACULTY OF MANAGEMENT AND SOCIAL SCIENCE CARITAS UNIVERSITY, AMORJI-NIKE ENUGU STATE AUGUST, 2012. i TITLEPAGE THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA A PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF BACHELOR IN SCIENCE (B.SC) DEGREE IN ECONOMICS BY DUROSINMI TEMIDAYO.O EC/2008/622 DEPARTMENT OF ECONOMICS FACULTY OF MANAGEMENT AND SOCIAL SCIENCE CARITAS UNIVERSITY, AMORJI-NIKE ENUGU STATE AUGUST, 2012. ii APPROVAL PAGE I certify that this research work was carried out by DurosinmiTemidayo .O. Reg .No. EC/2008/622, of the Department of economics, Faculty of Management and social sciences; Caritas University Amorji-Nike Emene Enugu State. --------------------------------Projectsupervisor ---------------------------------Date -------------------------------ONWUDINJO,P.C Head of Department --------------------------------Date -------------------------------PROF.CHARLES Dean of Faculty UMEH ----------------------------------Date --------------------------------External Examiner --------------------------------Date iii DEDICATION I dedicate this work to God Almighty, to my loving parents BARR and MRS O.A DUROSINMI for all their support thought out the pursuit of my academic careers. I also extend my dedication to my Uncle Engr. T,A DUROSINMI for his fatherly support, and to my siblings. I love...
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...EXECUTIVE SUMMERY Recruitment and selection is a customized process of each individual organization. As business process differs from organization to organization, different organization fill up different types of employee needs. So the process to build the employee pool and finally making the best choice from candidates differs a lot. The report is presenting a portfolio of five different types of organizations, which manifest the customized process suitable for each organization. For example: British American Tobacco Bangladesh (BATB) do not take written test, but Damco take written test for different levels of candidates. According to Shahriar Mahmood of Reckitt Benckiser (RB) ‘there is nothing called first impression in HR’ but in Standard Chartered Bank (SCB); as it is a financial institution, it has to choose employee who are presentable, so first impression is very important at interview. Damco out source much of their root level job but British American Tobacco (BAT), Standard Chartered Bank (SCB), Unilever, and Reckitt Benckiser (RB) do not out-source job, on the other hand; SCB take many of their employees on contract based. So recruitment and selection follow the required business process of different organizations. In this report we have presented our collected data from both primary and secondary sources, and analyzed them to present the information in a flow, that can clarify the individual characteristic of different organizations and as well as their recruitment...
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...manufacturing company. This company is a professional apparel manufacturer. We are engaged in all kinds of garment, such as men’s sweater, women’s sweater, children’s sweater etc. With the advanced technologies, rich management experience, exquisite production process and unique, creative design thoughts, our products enjoys good reputations both at home and abroad. All the products we provide are professionally designed and skillfully manufactured. We also accept customized orders to meet your specific requirements. If anyone interested in any of our series of products, or need any related items, please contact us with details of your specific orders. We warmly welcome domestic and foreign friends to cooperate with us based on mutual benefits. The Levant Sweat LTD has strongly believed in some truths which are: 1. Trustworthiness 2. Clear Dealings 3. Always Customers first 4. Quality 5. On time 6. Honesty, and 7. Eternal Relationship. The Levant Sweater LTD clearly follows the terms and condition of Bangladesh Government. The entire act and laws posted by the Government been strongly followed in our terms and condition of company. An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and The Levant Sweater Ltd. Basic Information | | Company Name | The Levant Sweater LTD | Business type | Manufacturing | Product/Service | Men’s sweater, women’s sweater, children’s sweater, etc...
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...Report on Employees Reflection of PRAN Export Limited BUS 400 (Internship) Submitted To: Showvonick Datta Lecturer BRAC Business School Submitted By: Mia Mohammad Irfan (09204036) Date of submission: 9th March, 2014 Letter of Transmittal March 9, 2014 Showvonick Datta Lecturer BRAC Business School Subject: Acceptance of internship report. Dear Sir, It gives me immense pleasure in preparing this report that was assigned to me in fulfillment of my course requirement. This report has been valuable to me as it assisted to unite the practical experience to theoretical knowledge. I would like to mention that I am extremely grateful to you for your valuable guidance, extreme understanding effort and constant attention as and when required in accomplishing the report. I shall be very pleased to answer any query you think necessary as and when needed. Sincerely Yours, Mia Mohammad Irfan ID: 09204036 BRAC Business School Acknowledgement I acknowledge my heartiest gratefulness to all who have extended their hands of cooperation in preparing the report. At first I express my gratitude and acclaim our indebtfulness towards my relevant course instructor Showvonick Datta for his overall guidance, advice and support in encouraging our reponsibilities consciously while creating this report. I would like to express gratitude towards Mr. Faijullah Zisan, Assistant Manager Export, PRAN Export Limited for his assisting approach and effort to provide me the necessary information and...
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...ARTIFICIAL NEURAL NETWORKS METHODOLOGICAL ADVANCES AND BIOMEDICAL APPLICATIONS Edited by Kenji Suzuki Artificial Neural Networks - Methodological Advances and Biomedical Applications Edited by Kenji Suzuki Published by InTech Janeza Trdine 9, 51000 Rijeka, Croatia Copyright © 2011 InTech All chapters are Open Access articles distributed under the Creative Commons Non Commercial Share Alike Attribution 3.0 license, which permits to copy, distribute, transmit, and adapt the work in any medium, so long as the original work is properly cited. After this work has been published by InTech, authors have the right to republish it, in whole or part, in any publication of which they are the author, and to make other personal use of the work. Any republication, referencing or personal use of the work must explicitly identify the original source. Statements and opinions expressed in the chapters are these of the individual contributors and not necessarily those of the editors or publisher. No responsibility is accepted for the accuracy of information contained in the published articles. The publisher assumes no responsibility for any damage or injury to persons or property arising out of the use of any materials, instructions, methods or ideas contained in the book. Publishing Process Manager Ivana Lorkovic Technical Editor Teodora Smiljanic Cover Designer Martina Sirotic Image Copyright Bruce Rolff, 2010. Used under license from Shutterstock.com First published March, 2011 Printed in...
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