Premium Essay


In: Social Issues

Submitted By akamara
Words 429
Pages 2
Management in the Telestar International case gave an artificially low contract bid to get an initial government contract in the hope that they would get further government contracts in the future.

How should Telestar's management explain the plant explosion to the Department of Energy?
Should Telestar be able to retain any progress payments that they received from the government to date? Why or why not?

Post your responses to these questions to the discussion forum and then comment on at least two of your classmates' posts.

Telestar International On November 15, 1998, the Department of Energy Resources awarded Telestar a $475,000 contract for the developing and testing of two waste treatment plants. Telestar had spent the better part of the last two years developing waste treatment technology under its own R&D activities. This new contract would give Telestar the opportunity to “break into a new field”, that of waste treatment. The contract was negotiated at a firm-fixed price. Any cost overruns would have to be incurred by Telstar. The original bid was priced out at $847,000. Telestar’s management, however, wanted to win this one. The decision was made that Telstar would “buy in” at $475,000 so that they could at least get their foot into the new marketplace. The original estimate of $847,000 was very “rough” because Telestar did not have any good man-hour standards, in the area of waste treatment, on which to base their manhour projections. Corporate management was willing to spend up to $400,000 of their funds in order to compensate the bid of $475,000. By February 15, 1999, costs were increasing to such a point where overrun would be occurring well ahead of schedule. Anticipated cots to completion were now $943,000. The project manager decided to stop all activities in certain functional departments, one of which was structural analysis. The manager...

Similar Documents

Premium Essay


...Mining Industry ATH Resources plc ATH Resources operates surface coal mines and is one of the largest producers of coal in the UK, providing coal principally to the electricity supply industry and also the industrial and house coal markets. Throughout the development and operation of its projects, ATH focuses on the restoration and rehabilitation of the sites and land is returned to a number of uses including agriculture, forestry, nature conservation and other forms of development. ATH Resources plc was listed on the Alternative Investment Market (AIM) in June 2004. In June 2005 the Group funded two new surface sites, Grievehill and Glenmuckloch in Scotland for 18 million by way of an Open Offer to shareholders. In May 2006 the Group acquired Doncaster-based A Ogden & Sons Limited a successful coal recovery, land remediation and regeneration business with a particular focus on colliery spoil heap reclamation projects. In July 2010, the Group sold the assets of ATH Regeneration Ltd, the proceeds of which could total some £17m over a seven year period comprising £6.5m in cash on completion plus royalties. Net Working Capital It can be seen that from the year 2007 to 2009, ATH resource plc had a very bad net working capital. However, during 2010 to 2011 it was doing well and in year 2011 net working capital was 3129. This shows that they have more current assets than current liabilities. Gross Profit Margin In 2007, the Gross Profit Margin of ATH Resources......

Words: 2216 - Pages: 9

Premium Essay

Term Paper About Batteries

...INTRODUCTION Amara Raja Batteries is a multi-national company located in Tirupathi, India. It was established in 1985 by Ramachandra Naidu Galla under Amara Raja Group of industries. In 1997 Amara Raja Batteries signed a joint venture with Johnson Control and developed India’s first zero maintenance automobile batteries known as Amaron batteries. This company is also famous for manufacturing many electronic products like battery chargers, Industrial batteries, digital inverters, Infra structure power, UPS. Under the name of Amara Raja Group apart from batteries they also manufacture sheet metal products, fasteners, packaged food and beverages. They have a workforce of 10,000 employees working under...

Words: 2776 - Pages: 12

Premium Essay

Internal & External Environment

...In 1996, they set up shop in Amara Shopping Centre to market and sell Charles & Keith shoes at a time when it was unheard of for local shoe retailers to brand themselves. The move was prompted by their determination to cut out the middlemen, who forced up prices. “Charles never liked consignments as the fees are very high. He prefers to work in his own store, where he can have full control,” said Charles & Keith International executive director Fong Shee Beng. With their firm grip on operations, the two founders were able to steer the fledgling company on a steady...

Words: 1128 - Pages: 5

Premium Essay

Charles & Keith

...The feeding frenzy is testament to the growth of the local firm, which has shot to prominence since brothers Charles Wong, 37, and his brother Keith, 35, opened their first store in Amara Hotel in 1996. But the deal is more than just about the money, said the elder Mr Wong, the chief executive, confirming the deal to The Sunday Times from Shanghai, where he is now based. The younger Mr Wong is the chief operating officer and designs the shoes. It will give Charles & Keith access to the branding expertise of LVMH, owner of the world's top fashion labels including Marc Jacobs, Dior and Givenchy, and allow the firm to benefit from being taken under the wing of LVMH as it expands around the globe. The company wants to conquer the United States, China, India and Western Europe. It already has 229 stores across mainly Asia and the Middle East...

Words: 431 - Pages: 2

Premium Essay


...Forecasting Methods Assignment University of Phoenix MGT 554: Operations Management  Steven Williams August 28, 2006 Introduction Forecasting can be defined as Estimating or predicting future events or conditions. Forecasts may be long-term or short-term. The techniques used may be quantitative (often making sue of computers) or qualitative. Quantitative forecasting models may be classified into (a) causal models in which independent variables are used to forecast dependent variables, and (b) time series models, which produce forecasts by extrapolating the historical values of the variables of interest by, e.g., moving averages. Seasonal Model Seasonality is a pattern that repeats for each period. For example annual seasonal pattern has a cycle that is 12 periods long, if the periods are months, or 4 periods long if the periods are quarters. The seasonal index is required to be found for each month, or other periods, such as quarter, week depending on the data availability (Hossein, 1994-2006). Seasonal Index: Seasonal index represents the extent of seasonal influence for a particular segment of the year. The calculation involves a comparison of the expected values of that period to the grand mean. A seasonal index is how much the average for that particular period tends to be above (or below) the grand average. Therefore, to get an accurate estimate for the seasonal index, compute the average of the first period of the cycle, and the second......

Words: 2440 - Pages: 10

Premium Essay


...Global Warming Jamie Davis Hum/114 2/22/2011 AMARA THAYER University Of Phoenix Global Warming Is global warming a myth or is it reality? According to our world is hotter today than it has been in two thousand years. By relying on oil, coal and gas for our daily needs we are releasing carbon dioxide into the atmosphere. When the gasses are released into the air the earth begins to heat, similar to a car on a hot day. When the earth heats up, the ice caps melt, water levels rise killing off plants, animals lose the food from the plants dying, and humans lose to sources of food plant and animal food. As a human, I think this happens to be a moral issue. Why? Well after plants and animals start to die people lose their main source of nutrition that we need to function properly. We will also lose our homes are the water levels continue to rise. As people we place so much on material items well the earth is our material item and we are not caring for it like we should. I believe every little step counts turning off lights during the day and using the natural light from the sun will help not only our electric bills but also help less carbon dioxide to be released. Driving less will also help put more money into our wallets and use less oil and gas. These steps may seem to little to make a difference but every little step counts. Taking action today will help save our world tomorrow....

Words: 373 - Pages: 2

Free Essay

Sheriff Work

.... | Minister of Finance and Economic Planning | Amara M. Konneh | Minister of Justice and Attorney-General | Christiana Tah | Minister of National Defense | Brownie J. Samukai | Minister of Internal Affairs | Blamo Nelson | Minister of Education | Etmonia Tarpeh | Minister of Posts and Telecommunications | Frederick Norkeh | Minister of Public Works | Samuel Kofi Woods | Minister of Agriculture | Florence Chenoweth | Minister of Health and Social Welfare | Walter Gwenigale | Minister of Information, Culture, and Tourism | Lewis Brown | Minister of Lands, Mines, and Energy | Patrick Sendolo | Minister of Commerce and Industry | Miata Beysolow | Minister of Gender and Development | Julia Duncan-Cassell | Minister of Labor | Vabah Gayflor | Minister of Youth and Sport | Tornolah Varpilah | Minister of Transport | Eugene Nagbe | Minister of State without Portfolio | Conmany B. Wesse | 1. The National Security - The National Security Agency is an independent Liberian Government Agency responsible for providing National Security Intelligence to the President and the Republic of Liberia. Basic Functions * Develop plans * Collect, analyze and disseminate overt and political, economic, cultural and sociological intelligence for the Republic of Liberia * Provide all possible means for the adequate...

Words: 487 - Pages: 2

Free Essay


...Nathan Rambukkana DAWB 3-136 Monday 12:00 – 1:00 or by appointment 519 884 0710 x4346 ∆ COURSE FORMAT Lecture Tutorials A1 A2 A3 A4 A5 A6 A7 A8 A9 A10 A11 A12 A13 A14 Thursday 4:00 to 5:50 Location: BA 201 Time Friday 8:30-9:20 Friday 9:30-10:20 Friday 10:30-11:20 Friday 11:30-12:20 Friday 12:30-1:20 Friday 8:30-9:20 Friday 9:30-10:20 Friday 10:30-11:20 Friday 11:30-12:20 Friday 12:30-1:20 Thursday 6:30-7:20 Thursday 7:30-8:20 Thursday 6:30-7:20 Thursday 7:30-8:20 Tutorial Leader Copland, Kayla Copland, Kayla Pope, Amara Brown, Sami Brown, Sami Gupta, Alison Gupta, Alison Naraghi, Erika Naraghi, Erika Pope, Amara Zaman, Syeda Zaman, Syeda Bull, Katie Bull, Katie 1 Locations Seminary S102 Seminary S102 Seminary S102 Seminary S102 Seminary S102 Peters P2027 Peters P2027 Peters P2027 Peters P2027 Peters P2027 Seminary S102 Seminary S102 Peters P2027 Peters P2027 Our time each week will divided between lectures, group discussions and, occasionally, the screening of relevant documentaries/other material. The readings for each lecture should be completed by the time of class....

Words: 2263 - Pages: 10

Free Essay

Reality in Legal Dramas

...“Friending Emily” and “Manhattan Vigil” were the two episodes with the main characters being senior detectives Olivia Benson and Odafin “Fin” Tutuola, detectives Nick Amara and Amanda Rollins, Sergeant John Munch and Captain Donald Cragen. Hawaii 5-0 was the other show I observed. Hawaii doesn't have its own state police force but the Governor has set up a special task force, which becomes known as "Five-0", to investigate serious crimes on the islands. “Popilikia”, which stands for misfortune in Hawaiian and...

Words: 2073 - Pages: 9

Free Essay

The Lack of Awareness of Overconsumption of Los Angeles Residents

...A Model For Conservation Psychology,” Susan Clayton, a professor of psychology at the College of Wooster, and Amara Brook, a professor of Santa Clara University, use psychology to help explaining the human behavior which causes environmental problem. Although the government spends a lot of money on waste management, the lack of awareness of Los Angeles residents causes high volumes of waste, which leads to ocean pollution and health problem. The Los Angeles government spends a lot of money for trash management and controlling the amount of trash. California government spends millions a year to clean trash from their beaches and alley ways. In the article “L.A. lawmakers press for cleanup of city's trash-strewn alleys” by Emily Alpert Reyes, she states, “Now officials are poised to start spending more, with Mayor Eric Garcetti proposing $5 million to straighten up alleys, streets and vacant lots across the city”. The government is willing to help citizens to collect trash, so it does not end up into the ocean or somewhere else. Even though the government contributes so much to society, people are still unawared of the pollution which leads...

Words: 2404 - Pages: 10

Premium Essay

Management Strategic

...Management team of Banyan Tree consists of highly qualified personnel who has past working experience with various top companies such as, Hilton International Hotels, Amara Hotel Saigon Company Ltd, LG Group, etc. Weakness Wide range of business and services provided by the company may lead to inconsistency...

Words: 644 - Pages: 3

Free Essay

Charles and Keith Enterprise Award

...The very first Charles & Keith store opened in Amara Shopping Centre in 1996. Four more stores were added within two years. Charles & Keith saw the opportunities in overseas markets and expanded its global network. To date, there are 160 Charles & Keith stores are located in the prominent shopping districts across the world in 22 major cities like Cairo, Jakarta, Dubai, Manila, Kuala Lumpur and Ho Chi Minh. The overseas business interests of Charles & Keith worldwide is managed by the Charles & Keith International division and guided by its franchise model while Japan and Taiwan are served by the distributors. Dedicated to the young and trendy, Charles & Keith develops and produces a distinctive line of designs that caters to market sentiments. The R&D team regularly travels to fashion cities such as Milan, Paris and London to study and understand the latest fashion trends, designs and merchandising. To keep prices affordable, Charles & Keith uses polyurethane and other synthetic materials. The manufacturing plants are stationed in Malaysia and China. The company planned to hit $96 million in year 2008, though actual sales was above $97 million. Achievements Charles & Keith provides fashionable footwear and accessories for consumer who takes pride in their appearance and appreciate anything that is fresh and fashionable. Today it is a major household name in Singapore. With the success of Charles & Keith in Singapore, the company...

Words: 838 - Pages: 4

Premium Essay

Innovation in a Requirement Life-Cycle Framework

...Innovation in a Requirement Life-Cycle Framework Abstract In this paper, a requirements-based framework of innovation is discussed. Both customer and expert defined requirements are considered. The proposed framework treats requirements as evolving entities and is implemented using a data-driven approach. It provides a new perspective in support of the innovative product development process. Keywords: Innovation, requirements management, evolutionary computation, data mining. 1. Introduction The volume of information entering a corporate decision-making landscape is increasing. Not too long ago, corporate business models were based on information asymmetry, neglecting the customer needs. Customers did not have the full information about the products available to them. With the creation of internet, the information revolution was bound to happen. Nowadays, a customer can literally search any product available in the global market. This search is usually based on variety of requirements ranging from functional to emotional. Companies can not neglect analysis of customer needs. Therefore, the ability to successfully translating customer requirements in the product development process is of paramount importance, if not the most important one. What is the best business model in today’s competitive market? This is the question that constantly haunts business leaders who are at the front-end of competition as well as the research communities who are continuously developing......

Words: 2938 - Pages: 12

Free Essay


...Ministère de L'enseignement Supérieur et de la Recherche Scientifique / ECPP Ecole Centrale Polytechnique Privée Direction des Etudes - Département: LA Emploi du Temps de: Année Universitaire : 2014-2015 Semestre : 19 31/janvier/2015 13:27:23 valable du :02 février 2015 au :07 février 2015 LA_INF_IND_2 Lundi 08h00 08:00 90 08:00 Mardi 90 08:00 Mercredi 90 08:00 Jeudi 90 08:00 Vendredi 90 08:00 Samedi 90 Automates et Commande discrŠte Circuits logiques (Algébre de Booleé Windawos Operating systemes Fundamentals Automatique ‚chantillonn‚e Mr BOUSAADA Moez 09h30 09:30 09:30 Mr KHALGUI Mohamed C 90 09:30 09:30 90 09:30 09:30 Mr AMARA Hiba 90 09:30 09:30 Mr SEDIRI Dorra C 90 09:30 09:30 90 09:30 09:30 B302 B102 C A102 B102 Automatique ‚chantillonn‚e C 90 Automates et Commande discrŠte Physique des composants et des Windawos Operating systemes Fundamentals Mr BOUSAADA Moez 11h00 11:00 11:00 Mr DHAHRI Slim C 90 11:00 11:00 90 11:00 11:00 Mr AMARA Hiba C 90 11:00 11:00 Mr SEDIRI Dorra C 90 11:00 11:00 90 11:00 11:00 B302 A305 A102 A304 C 90 Culture de l'entreprise Mr BEN ZEKRI Yosr CCNA3:Commutation LAN sana(WLAN) A302 12h30 12:30 12:30 Mr GHARBI Walid C 90 12:30 12:30 90 12:30 12:30 90 12:30 12:30 90 12:30 12:30 90 12:30 12:30 LAB B001 C 90 Français Mr ZIDI Nada Anglais Mr SEHLI Amina Electrotechnique Mme BOUSBIA Leila...

Words: 6998 - Pages: 28

Free Essay

Human Trafficking

...Name: Patrick Amara Essay #4: Research Paper Pro. Murray March 28, 2013 Human Trafficking INTRODUCTION The social issue of human trafficking has garnered the attention of the United Nations, as a report by the United Nations Office on Drugs and Crime. A global problem exists reaching every developed, developing, and undeveloped country on the planet. The first ever global forum to fight human trafficking was held February 13-15, 2008 in Vienna. One of the major issues addressed was the lack of information and varied responses from countries and their agencies formed to combat the growing crime. In attendance were delegates from more than 100 countries, law enforcement teams, business leaders, legislators, and recognized experts on human trafficking (United Nations Office on Drugs and Crime, UNODC, n.d). The Executive Director of the United Nations Office on Drugs and Crime, Antonio Maria Costa, described the problem as "a monster whose shape, size and ferocity we can only guess" (UNODC, n.d). Throughout this paper the researchers will examine the nature of the population and social issues confronting them and explore the macro practice interventions. First, look at human trafficking and what defines it. DEFINITION Human Trafficking is the modern day practice of slavery, according to the Polaris Project (Polaris Project, n.d.)....

Words: 1309 - Pages: 6