Free Essay

Annual Revise Project

In:

Submitted By ss1301
Words 647
Pages 3
 Executive Summary
e goal of our project is to investigate the fundamental problem that plagues all software development: the gap between the intentions of the designer, as described (often only minimally) in design and specification documents, and the behaviour of the delivered system, as realized in the code.
We are developing new languages, tools and methods to address this problem. Our work also incorporates independent analyses of designs and code. By applying our design analyses, we can be sure that the design as described has the intended consequences the designer had in mind. By applying our code analyses, we can eliminate flaws that do not depend on comparison to a design, and can discover properties that can be later fed into a conformance analysis.
Rather than pursuing a single, narrow research approach, we have tried to explore the problem from many angles. We consider how a codebase may be analyzed in the presence of some design models; how it might be analyzed if there is no explicit design documentation; and how minimal design properties expressed as code annotations might be exploited. We have developed static analyses that require no execution of the code but can simulate the effect of all possible executions, and dynamic analyses that require a test suite but can produce more accurate results. Some of our static analyses are conservative, and can guarantee properties of all executions; others are sound in their error reports, so that no false alarms are given. Some of our tools exploit test cases; others generate test cases automatically.
Despite the breadth of our approaches, all our work satisfies some fundamental criteria. It is principled and at the same time pragmatic. Being principled means that we are not content to develop ad hoc approaches that may work well in the short term, but which rely on inconsequential properties of particular systems
2 or current development approaches. Rather, we aim to make fundamental advances that will change the way software is constructed and analyzed. Being pragmatic means that we are all the time focused on real applications, and take issues of scale and usability seriously.
An extensive collection of case studies attests to this commitment. In particular, this year has seen the completion of a prototype air-traffic control tool, on which we have already conducted evaluations of several of our analyses. We have also been engaged in a joint project with Massachusetts General Hospital and Ion Beam Applications Inc. to apply our ideas to their proton therapy system, and have already had some success in discovering previously unknown and important properties of the system using our analyses.
In addition to these criteria, the many subprojects that constitute our work are woven together by several intellectual threads. Most prominent of these, as described in our original ITR proposal, is the use of relational logic to understand the structure and behaviour of software. e modelling language of our design analyzer is based on such a logic; the annotations used by or data structure repair tool are based on the same logic; our design extractors and role discovery tools deliver descriptions of relationships between objects that take the same logical viewpoint.
Our work in the last year has had many flavours. Some subprojects have consolidated earlier work and demonstrated its applicability to real systems: witness, for example, the application of Alloy to the analysis of file synchronizers, or the use of our test case generation framework to find bugs in a NASA fault-tree analyzer. Some subprojects have taken research ideas from speculation to initial prototype: witness, for example, the successful application of data structure repair to the CTAS air-traffic control system. Some subprojects have developed new research ideas or dramatically expanded existing ideas: witness, for example, our work on ownership types, or the new scheme for detecting overconstraint in design models using the ‘unsatisfiable core’ facility of SAT solvers.

Similar Documents

Premium Essay

Case 11 Chicago Valve Company

...depreciation tax savings in each year of the projects economic life? The depreciation tax savings in each year of the project’s economic life will show how much the tax savings will be depreciated each year using the MACRS method. 3) The projects incremental cash flows? These cash flows are those that are relevant to the valuation of the project. In this case it is depreciation. Using the MACRS we can determine for how much the project will be depreciated and what the net cash flows will be after tax and after depreciation. This cash flows are the sum of the depreciation tax saving and the after-tax cost saving. This shows the company’s profit for each of the eight years. 4) What is the project’s NPV? Explain the economic rationale behind the NPV. Could the NPV of this particular project be different for Lone Star Petroleum Company than for one of Chicago Valve’s other potential customers? From the calculations, the NPV is ($17301). (revise) The NPV process helps investors determine whether or not projects are profitable. There is a very important concept in finance: time value of money. One dollar today is worth more than 1 dollar in the future. Since the net cash flows here are future projections, it is necessary to bring the value of the investment to its present value. If the present value is positive, the project will be profitable; therefore, it can be approved. If the NPV is negative, the project should be rejected since the costs of investment...

Words: 2127 - Pages: 9

Premium Essay

Prof

...com EDUCATION Master of Science, MBA in Finance and Financial Markers San Pablo CEU University, Madrid, Spain, 2004 - 2005. Bachelor of Science, Business Administration in International Business and Finance Sergio Arboleda University, Bogotá, Colombia, 1999 - 2004. International Year School, Advance English Anglo World Education, Cambridge, England, 1997 – 1998 PROFILE • Senior Accounting Analyst (Bilingual Professional –Spanish/English). • SAP end user expert. • Possess outstanding record of achievement in back office, operational profitability, business process development, reports, expense control, SAP implementation, policy and procedure development, forecasts, balance sheets, income statements , annual budgets, continuous quality improvement and personnel management, with advanced skills in all aspects of finance and operations involving: |Cross functional teams |Treasury management |Team leadership | |Import/Export |Operating/strategic planning |Market Analysis | |Organizational development |Analysis and Reconciliations |International markets | |Financial management |Analytical Reports |Accounting | |Bilingual (English...

Words: 865 - Pages: 4

Premium Essay

Controlling

...defined as “the process of monitoring activities to ensure that they are being accomplished as planned and correcting any significant deviations” (Robbins et al., page 308). In other words, you measure the results you are getting and compare this with your objectives and then make any necessary adjustments. Managers who control the finances of an organization are often referred to as “controllers.” These managers use financial control measures on a daily basis. Project managers also use control mechanisms to monitor their projects. Control measures are determined at the beginning of a project and used throughout the life of a project to monitor time, budget, and project scope. The control measures give the project team valuable feedback on how they are doing. Just as feedback is a critical component in good communication, feedback is also a key factor in developing management controls. Measurement controls can be set up in virtually any area of an organization. One area that most people have experience with is the annual performance appraisal. An employee’s direct manager has traditionally conducted performance appraisals. Some companies are now successfully implementing a 360-degree feedback process, which involves other employees in the performance appraisal. Why is Control important? Control is important because it is the final link in the four management functions. It is the only way manager’s now, if there...

Words: 2323 - Pages: 10

Free Essay

Environmental Protection Agency

...Environmental Protection Agency Introduction Thе purpose of this paper is to review closely thе report entitled "EPA Needs to Improve Oversight of Its Information Technology Projects," with а major focus on its recommendations. In this paper, I will analyze different alternatives presented in thе report. I will also shed light on the Clinger-Cohen Act which directs that the Government Information Technology Shop be operated exactly as an efficient and profitable business would be operated. Acquisition, planning and management of technology must be treated as а "capital investment." Because this law is complex, all consumers of hardware and software in thе department should be aware of thе Chief Information Officer (CIO) leadership in implementing this statute. Clinger-Cohen Act Thе Clinger-Cohen Act was enacted as а response to а report released by U.S. Senator William S. Cohen of Maine in 1994 called "Computer Chaos: Billions Wasted Buying Federal Computer Systems." This report outlined thе many ways that the government squanders taxpayer funds on outmoded and unwanted computer equipment. Some of thе long-standing, systematic problems that thе Clinger-Cohen Act was enacted to resolve include: • Insufficient attention to thе way business processes are conducted and to opportunities to improve these processes before investing in thе Information Technology that supports them; • Investments in new systems for which agencies had not adequately planned and which did...

Words: 1181 - Pages: 5

Free Essay

Memo

...Rongsen Zhang 4/8/14 Nike`s financial status Stock ticker symbol: Nike, Inc. (NKE) –NYSE Period Ending May 31, 2013 May 31, 2012 May 31, 2011 Total Revenue: $25,313,000 23,331,000 20,117,000 The current stock price: 72.92 2.09(2.95%) rising International business operation: Nike is based in Oregon, USA. It operates in 120 countries and has over 20,000 employees. Fiscal year 2001 saw sales grow in each of its product segments in all four global markets. Total sales topped $US 9 billion. The majority of Nike's manufacturing takes place in developing countries, where its suppliers employ more than 500,000 workers. For a large multinational company with so many interests abroad, it is not always easy to be transparent. However, Nike has launched its 'Transparency 101' program, which is designed to ensure that the public is aware of everything the company is doing. Transparency 101 is monitoring factories in each country where Nike operates and ensuring that the practices in each are in line with its code of conduct. The secret to Nike’s success can be reduced to this: just do it, overseas. International sales accounted for 57% of the company’s revenues last quarter as the retailer has continued to make up for lagging margins on domestic sales and higher expenses by boosting its presence in emerging markets (NYSE:EEM). China (NYSE:FXI) in particular has been a huge boon to the company’s balance sheets, as last quarter apparel sales in China (NYSE:FXI) rose 15%...

Words: 566 - Pages: 3

Premium Essay

Gwefew

... 1. Performance: Should be within the fine cut, to appeal to customers, should be near the ideal spot. 2. Size: Should be within the fine cut, to appeal to customers, should be near the ideal spot. a. Positioning Reminder: Just beyond fine cut, appeal drops 1%; ½ way between fine and rough cut appeal drops 50%; Just inside rough cut, appeal drops 99%. b. When you revise, you can see where the new and old products are on the Perceptual Map. c. Time for revisions: The length of time required to revise a sensor (change positioning) varies. Slight revisions complete in 3-4 months; more extensive changes are most of a year. Reported under Revision Date. When you have more than one product under revision, the overall revision time lengthens. Pay attention to this…you probably do not want to lock up a product for more than a year because they won’t sell while under revision. d. Cost of Revisions: R&D revision costs are driven by the time it takes for them to complete—a 6-month project costs $500K a 12-month project costs $1 mill. Any revisions costing > $1 mill will spill over a year to complete. e. Material Costs for Revisions: Early in the Sim (due to technology costs), a product near the trailing edge cots $1.00; the leading edge a $10.00 f. Automation’s effect on revision time: Products with production lines that have higher automation require more time to...

Words: 3206 - Pages: 13

Premium Essay

Tqm Lecture

...2.2 IMPLEMENTATION OF THE TQM The TQM Process begins with management and, most important, the CEO’s commitment. Leadership effectiveness is essential during every stage of the implementation process and particularly at the start. In fact, indifference and lack of involvement by management are frequently regarded as the main reasons for the failure of quality improvement programs and activities. If management has not been properly educated in the TQM concepts, that should be done right away. In addition to formal education, managers should visit successful TQM business organizations, read selected articles and books, attend seminars and conferences, and join professional organizations for quality assurance. Timing of the implementation process is very important. Is the business organization ready to embrace and adopt the total quality journey? There may be some foreseeable problems, such as a reorganization, change in management personnel, interpersonal conflicts, a current crisis, or a time consuming activity. These problems may postpone implementation to a more conducive time. Next stage is the organization of the quality council. Initiation of these duties is an important part of the implemetation of TQM. The formulation of core values, a vision statement, a mission statement, and a quality policy statement, with input from all employees, should be first undertaken. The active involvement of managers and supervisors is very important to the success of the TQM activity...

Words: 1805 - Pages: 8

Free Essay

Sucsession Plan

...City of McMinnville Succession Plan                             &  A Model for Small Tennessee    Municipalities                            1        Table of Contents    Building a case for Succession Planning ....................................................................................... 6  National Statistics ........................................................................................................................ 6  Tennessee Public Management Statistics (TCMA) .................................................................. 8  Succession planning a component of Workforce Planning ......................................................... 8  Benefits of Succession Planning ................................................................................................. 10  Competencies ............................................................................................................................ 10  Timing ........................................................................................................................................ 11  Foundation ................................................................................................................................. 11  Additional Information and Preliminary Work .......................................................................... 12  Mission, Vision, Values, and Goals  ...........................................................................

Words: 6189 - Pages: 25

Premium Essay

Job Package

...businesses operating in one of three industries: financial services, specialty retail, and food and beverage service providers. Bridgeport’s CEO Jim Feltner founded the company in 1980 with only one partner and two employees, and has grown the firm’s annual sales to $42 million. The company is considering going public by offering shares on the Toronto Stock Exchange. Current Situation Before making the decision to take the company public, the Bridgeport board of directors has asked CEO Jim Feltner to prepare a series of research reports that could be used to create a prospectus (a document that details the company’s operations, financial situation, and prospects for growth for potential investors). Mr Feltner has put together a team of ten people to draft a report on the current operational practices of the company. Four team members are located in Calgary, two in Toronto, two in Vancouver, and one each in Winnipeg and Ottawa. Bill Rayford from the Calgary office will lead the project. The team is tasked with producing a formal report on the operational practices of the firm as a whole, and also for each local office, including customer acquisition, retention, and management strategies. The Problem Louise Baxter, the project team member representing the Winnipeg office, has written an email to the CEO expressing dissatisfaction with Bill Rayford’s leadership of the writing team. She has repeatedly asked for a meeting with Mr...

Words: 738 - Pages: 3

Premium Essay

What Is Special Education

...eligibility for services. Then, the committee arranges for an evaluation of the student’s abilities and needs. Based on evaluation results, the committee decides if the student is eligible to receive special education services and programs. Next, if the child is eligible to receive special education services, the committee develops and implements an appropriate IEP, based on evaluation results, to meet the needs of the student. The committee must determine the student’s placement, ensuring that services are provided in the least restrictive environment (LRE). Unless the student’s IEP requires some other arrangement, placement must be close as possible to the student’s home. The IEP is reviewed on an annual basis and reevaluation is conduct at least once every three years to revise IEP and services. The Five Key Points The key points in the text reading are as follow: 1. A description of the special education process. 2. A discussion of the three modes of collaboration and the three models for teaming. 3. A brief description of the IEP components. 4. The importance of the least restrictive environment and inclusion setting. 5. The roles and rights of parents in their child’s special education process. How might I apply this content to a classroom and instruction? As a special educator teaching in an inclusion classroom, the most important thing for...

Words: 528 - Pages: 3

Premium Essay

Zipcar

... * Strong Customer Value Proposition based on extensive market research * Innovative marketing controlled marketing budgets | * Poor execution and team imbalance Lack of experience in the business segment and Danielson’s partial commitment with equal share in profit and ownership * Daily max price of $44 policy costs continue to incur while billable revenue does not hence cars per member is actually less than predicted because of this usage pattern. * Convertible loans are a potential issue need for higher level investors to expand project. | Based on points shared above I believe that the business idea can be a great success if Chase and Danielson are able to hire the right person who is an expert from given industry (car rental business maybe?) to create a strong profile of the team. This way they can further improve their financial model and prospects of acquiring further investments. 2) Why did the founders revise their financial plans (Exhibit 3 -> Exhibit 5)? Plan 1 was based on assumptions from similar European business models and capacity utilization. Hence based on European structure she included $300...

Words: 665 - Pages: 3

Premium Essay

Lvmh

...influenced by particular external risk factors. The prominent positioning through mergers and acquisitions and the efficient human resource management also contribute to the corporation’s success in the market. However, as LVMH operates in the global market, external environmental factors should also be taken into account. These are, the changes of the global economic environments, structural changes of the major consumer market, and the risk of brand damage based on consumers’ perception. Since all these risk factors are both directly and indirectly related to the profit generation process of LVMH, this report will recommend some solutions to overcome the current risks, for example, focusing on its high profit products lines while it revise its low profit product lines. 2. Company background Since there have been dramatic growth of the emerging global economies over the past century, the general growth potential of the European luxury products have been positively predicted with the constant consumers’ demands on the European made luxuries (Isenwater et al. 2007, p.3). For example, LVMH is one of the most demanding world leading European corporations in the luxury industry. The corporation possesses various portfolios of 60...

Words: 2516 - Pages: 11

Premium Essay

Corporate Finance Npv Irr

...Directors of ProGen. Assess the viability of the project using the NPV, IRR, and Payback methods. 2. Assignment Part B “The IRR rule is redundant as an investment criterion because the NPV rule always dominates. Discuss this statement giving examples where possible. 3. Conclusion “The IRR rule is redundant as an investment criterion because the net present value (NPV) rule always dominates it.” 4. Bibliography References Assignment Part A This report evaluates the viability for marketing and distribution of genetically engineered soya seeds developed by a biotechnology firm. The firm will supply seeds and permit ProGen to market and distribute them under a licence. The evaluation methods used for this proposal are net present value (NPV), internal rate of return (IRR), and Payback methods. Assumptions used for this analysis are summarised below • Marketing cost is assumed to be a sunk cost and therefore not included in the calculation • Cash flow will be considered over 5 years as this is the lifecycle of the product • An annual licence fee included at 1M per annum • Capital investment for vehicles £650k is an upfront payment and therefore not discounted • Year 5 will see a cash inflow of 120K assumed a realistic sum for the sale of the vehicles • Assume no tax implications for this project • Opportunity cost is assumed at £900k...

Words: 2195 - Pages: 9

Premium Essay

Operations Management Study Guide

...CHAPTER 1 – Operations and Productivity Learning objectives Define operations management Explain the distinction between goods and services Explain the difference between production and productivity Compute single-factor productivity Compute multifactor productivity Identify the critical variables in enhancing productivity What is operations management? Production – the creation of goods and services Operations Management – activities that relate to the creation of goods and services through the transformation of inputs to outputs Organizing to Produce Goods and Services Marketing – generates the demand, or at least takes the order for a product or service (nothing happens until there is a sale) Production/Operations – creates the product Finance/Accounting – tracks how well the organization is doing, pays the bills, and collects the money Page 5 exhibit The Supply Chain A global network of organizations and activities that supplies a firm with goods and services Members of the supply chain collaborate to achieve customer satisfaction, efficiency and competitive advantage Big rise in global supply chain recently 1st ripple – stopping work at a plant immediately following disaster (skilled labor layoff) 2nd ripple – try to move production to a new area due to long term impact (try to recover skilled workers Reasons to globalize Tangible Reduce costs Improve supply chain Provide better goods and services Intangible Better understand markets Learn to...

Words: 3826 - Pages: 16

Premium Essay

Marketing

...Duckson Investment group | Duckson Investment Group | MKT 500; Assignment 2 | | Company Overview The Duckson Investment Group’s (DIG) primary business has been active in purchasing non-performing, residential notes and properties throughout the United States. The philosophy is to repair the units and rent them for the long term providing adequate investment returns to the investors. The company also has tremendous amount of experience with income producing investment properties. In addition to its real estate endeavors, DIG provides seed and growth capital to technology driven businesses. Utilization of the technology industry in conjunction with our land development projects allow us to provide cutting edge services to our clients. Our investment philosophy is to team up with extraordinary founders and operating executives and allow them to grow and scale their respective businesses to their full potential. We currently have invested more than $2.6 billion in total capital across 17.3 million square feet of real property across multiple asset classes and locations, representing $3.8 billion in total capitalization. We translate these advanced technologies into value for our customers through our professional solutions, services and consulting businesses worldwide. The focus of our company at this time is expanding our residential footprint out into the international market. We have focused our attentions to the country of India, due to the increasingly high poverty...

Words: 985 - Pages: 4