...Euro Watch Company Report 1 ) The Euro Watch Company assembles expensive wristwatches and then sells them to retailers throughout Europe. The watches are assembled with two assembly lines with below specification: Line 1: Old equipment Less reliable Defect rate of 2% Capacity: 500 watches per hour Line 2: New equipment More reliable Defect rate of 1% Capacity: 500 watches per hour We need to find the smallest number of defected watches each line produces independently in a given hour with success rate of 99% The distribution is a binomial distribution since we have 500 independent and identical trials with a certain probability of success and we see a defected or non- defected option therefore in the excel file we should use the command BINOMDIST. Number of trials is 500 and for cumulative we should consider 1 as we want to have the probability of less than or equal to K defects. As we can see in below tables the smallest defected number that reaches the rate of 99% is 18 watches for line 1 and 11 defected for line 2, which is obvious since line 2 is newer, and with lower defect rate. line 2 99% 1% 500 Line 2 Line  line 1 Defect-free 98% Defective 2% Made watches per hour 500 Defected amount (k) Line 1 Defected amount (k) 0 0.0000 1 0.0005 2 0.0026 3 0.0098 4 0.0281 5 0.0652 6 0.1276 7 0.2175 8 0.3305 9 0.4567 10 0.5830 11 0.6979 12 0.7935 13 0.8667 14 0.9186 15 0.9530 16 0.9743 17 0.9866 18 0.9934 19 0.9969 20 0.9986 21 0.9994 ...
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...Fall 2014 The Euro Watch Company assembles expensive wristwatches and then sells them to retailers throughout Europe. The watches are assembled at a plant with two assembly lines. These lines are intended to be identical, but line 1 uses somewhat older equipment than line 2 and is typically less reliable. Historical data have shown that each watch coming off line 1, independently of the others, is free of defects with probability 0.98. The similar probability for line 2 is 0.99. Each line produces 500 watches per hour. The production manager has asked you to answer the following questions. 1. She wants to know how many defect-free watches each line is likely to produce in a given hour. Specifically, find the smallest integer k (for each line separately) such that you can be 99% sure that the line will not produce more than k defective watches in a given hour. (Hint: Use CRITBINOM(*,*,*) function in Excel.) 2. EuroWatch currently has an order for 500 watches from an important customer. The company plans to fill this order by packing slightly more than 500 watches, all from line 2, and sending this package off to the customer. Obviously, Euro Watch wants to send as few watches as possible, but it wants to be 99% sure that when the customer opens the package, there are at least 500 defect-free watches. How many watches should be packed? 3. EuroWatch has another order for 1000 watches. Now it plans to fill this order by packing slightly more than one hour's production from each...
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...beauty and that most importantly, they are in need of an appearance enhancement. L’oreal, is one of the world’s largest cosmetic companies coming out of Paris, France. They have succeeded in this field largely due to its marketing, and advertising ads persuading women around the world to purchase their product and instantly become more beautiful. By analyzing their ads and products released in 2010 compared to 2014, it seems as though colors seemed to be the trend. I noticed in their ads, all of their models were marketing bright or bold colors. Whether it was eye shadow, lipstick, and even the color of their hair, it was more fashionable. In today’s advertising I noticed more of the naked/natural look with matching skin tone makeup, black or shadows, and also products promising to reduce wrinkles in older women. In a time of high unemployment, in which older workers may be concerned about age discrimination, this type of advertising can be very effective. According L’oreals annual sales report of 2010, the sales profit came out to 19.5 billion in euros at a +18.6% operating profit. The 2014 annual profit has not been released yet but according to L’oreal, the company reported a 4.8 percent increase in 2013 earnings and said it’s confident of outperforming the global cosmetics market this year! L’oreal reported a sales profit of 22.98 billion in Euros in October, 2014, and an increase in market share. Comparing the sales profits of 2010 to 2014, I believe that women want...
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...Euro Watch Case Study Euro Watch Company Report 1 ) The Euro Watch Company assembles expensive wristwatches and then sells them to retailers throughout Europe. The watches are assembled with two assembly lines with below specification: Line 1: Old equipment Less reliable Defect rate of 2% Capacity: 500 watches per hour Line 2: New equipment More reliable Defect rate of 1% Capacity: 500 watches per hour We need to find the smallest number of defected watches each line produces independently in a given hour with success rate of 99% The distribution is a binomial distribution since we have 500 independent and identical trials with a certain probability of success and we see a defected or non- defected option therefore in the excel file we should use the command BINOMDIST. Number of trials is 500 and for cumulative we should consider 1 as we want to have the probability of less than or equal to K defects. As we can see in below tables the smallest defected number that reaches the rate of 99% is 18 watches for line 1 and 11 defected for line 2, which is obvious since line 2 is newer, and with lower defect rate. line 2 99% 1% 500 Line 2 Line  line 1 Defect-free 98% Defective 2% Made watches per hour 500 Defected amount (k) Line 1 Defected amount (k) 0 0.0000 1 0.0005 2 0.0026 3 0.0098 4 0.0281 5 0.0652 6 0.1276 7 0.2175 8 0.3305 9 0.4567 10 0.5830 11 0.6979 12 0.7935 13 0.8667 14 0.9186 15 0.9530 16 0.9743 17 0.9866 18 0.9934 19 0.9969 ...
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...called euro crisis of the Euro area, is a series of events that have affected negatively from the beginning of 2010 to the 16 European Union member states that make up the Eurozone, that have adopted a single currency and interweave a multinational monetary union within the EU. During this period the states of the Eurozone have been suffering a crisis of confidence without precedent, with speculative attacks on government bonds of various members, turbulent financial and stock markets and a falling exchange value of the single currency, in a context of uncertainty and difficulty to reach a collective agreement that still persists. In this paper, I will discuss some of the impacts that the crisis had over the Eurozone countries. In the last 6 months, the Euro had depreciated around 6 percent, making the exchange rate $1.38/€. This depreciation has caused an improvement in the European exports and a decrease in price for the imports in petroleum. The Euro/Dollar exchange rate touched a minimum on June 2010, when the rate is $1.19/€, and it touched a maximum on May 2011, when the rate was $1.48/€. According to an article from the Financial Times, “the first beneficiaries of a weaker euro are the countries of southern Europe whose difficulties have been putting the future of monetary union in doubt. Greece has been the focus, but Spain, Portugal and Italy also face a sharp loss of competitiveness”. Greece is the country that will benefit more from the depreciation of the Euro, because...
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...Euro Watch Company Report 1 ) The Euro Watch Company assembles expensive wristwatches and then sells them to retailers throughout Europe. The watches are assembled with two assembly lines with below specification: Line 1: Old equipment Less reliable Defect rate of 2% Capacity: 500 watches per hour Line 2: New equipment More reliable Defect rate of 1% Capacity: 500 watches per hour We need to find the smallest number of defected watches each line produces independently in a given hour with success rate of 99% The distribution is a binomial distribution since we have 500 independent and identical trials with a certain probability of success and we see a defected or non- defected option therefore in the excel file we should use the command BINOMDIST. Number of trials is 500 and for cumulative we should consider 1 as we want to have the probability of less than or equal to K defects. As we can see in below tables the smallest defected number that reaches the rate of 99% is 18 watches for line 1 and 11 defected for line 2, which is obvious since line 2 is newer, and with lower defect rate. line 2 99% 1% 500 Line 2 Line  line 1 Defect-free 98% Defective 2% Made watches per hour 500 Defected amount (k) Line 1 Defected amount (k) 0 0.0000 1 0.0005 2 0.0026 3 0.0098 4 0.0281 5 0.0652 6 0.1276 7 0.2175 8 0.3305 9 0.4567 10 0.5830 11 0.6979 12 0.7935 13 0.8667 14 0.9186 15 0.9530 16 0.9743 17 0.9866 18 0.9934 19 0.9969 20 0.9986 21 0.9994 ...
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...THE HUMBLE SUCCESS OF ADIDAS Nowadays, the value of sports has been increasing more and more. So, it is important to have a good quality brands for the sportsmen to wear and equipments to use. Adidas is one of the most famous companies for producing the most quality sport goods. “Many people believe that the name Adidas is an acronym that stands for "all day I dream about sports." This idea has been popularly passed around for many years, but it is utterly false. While it may be used that way nowadays, the truth is that the name Adidas actually stands for the name of the company's founder, Adi Dassler” (watchshop.com , 2013). Therefore, this essay will talk about the history, products and sponsorship. However, Adidas have a rich history like other companies before they become successful in the battlefield of business. It all began in 1924 Germany, with the two brothers Adi and Rudolf Dassler who make shoes in their mother’s wash kitchen. Considering how successful they are today, it neither is funny nor shock for everyone to hear their beginnings. In 1936 Olympics Adi Dassler watched the games and realized that it would be a great deal for them if their shoes are worn by someone participated in the Olympics. So, Adi loaded his selected shoes into his car and asked the U.S runner Jesse Owen to wear his shoe in the Olympic Games. Then, the runner Jesse Owen won four gold medals. Also, Owen was the first ever person to wear the Adidas shoe in the tournament although it wasn’t...
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...Corporate Diagnosis | | | Diana Lucia PERDOMO Mauricio BARAHONA Salvador MARTINEZ Louise NICOLAS Katarzyna FLUDRA | The Swiss watches’ company is present all over the world. It has successfully managed environment changes, as well as it resources and competences. This document seeks to analyze the external and internal forces that have influence on the company, in order to determine strengths, weaknesses, threats and opportunities. Nevertheless, the core of this work it to diagnose the interaction between the above, and the Marketing and Communication strategies that Swatch implements nowadays The Swiss watches’ company is present all over the world. It has successfully managed environment changes, as well as it resources and competences. This document seeks to analyze the external and internal forces that have influence on the company, in order to determine strengths, weaknesses, threats and opportunities. Nevertheless, the core of this work it to diagnose the interaction between the above, and the Marketing and Communication strategies that Swatch implements nowadays CONTENT Corporate Presentation 3 External Analysis 9 PESTEL 10 Political 10 Economical 10 Social 10 Technological 10 Ecological 10 Legal 10 Porter's 5 Competitive Forces 12 Mc Kinsey matrix 14 Internal Analysis 16 Value chain 17 Infrastructure 17 Human resource management 17 Technology development 18 Procurement 19 Operations 20 Outbound...
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...are difficult. Bernard Arnault Chairman and CEO EXCELLENT PROGRESS FOR OUR GREATEST BRANDS The performance of the great brands which are at the heart of our business was excellent. Louis Vuitton saw further growth and its new products, which accounted for 18% of the year’s sales, are objects of infatuation. Parfums Christian Dior saw numerous successes and Hennessy continued to gain ground in the United States (with volumes up 11% in 2001) and Asia. These are just a few noteworthy examples. ….. Activities in their development stage are also on target, with the Watches and Jewelry division making good headway in 2001, setting up an organisational structure and laying the foundations for future growth. These efforts are paying off : our watch brands have already gained market share across the...
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...PESTEL analysis Political: * Stable political environment * Austria and Switzerland are doing business with the whole world (opportunities) Economical: * Same currency in AT * Exchange rate Euro – CHF 1:1.20 Economical Factors As Austria and Germany are in the monetary union both have the EURO as the only currency which makes it easier for kekswerkstatt to sell to customers in Austria. No exchange rates fluctuations have to be considered. Switzerland’s currency is the Swiss Franc or CHF. The exchange rate of the EURO and the CHF is 1€ : 1.20 CHF. This means that a Swiss customer has to pay 20% more than a German or Austrian customer for the same cookie. An average package of kekswerkstatt costs about 10€ so that in the end a Swiss has to pay 12€ which is affordable as we will see later in the report in the section purchasing power. But imaging a business customer wants to buy some cookies as a giveaways. If the amount on the invoice is 200€ for example the Swiss customer has to pay 40€ more which can be sometimes a reason not to buy if the exchange rate is not favorable. * Many SMEs 99.7% : contribution to total turnover 60% * Many suppliers, availability of high quality resources (also regional producers) * High motivated people are easy to find (career attitude) * Share of generic and regional products is increasing Social: * Healthy life is important * Quality instead of quantity (people are willing to buy/ pay more for...
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...a. I. the ordering of assets: Club Med put fixed assets before current assets but U.S. companies would do it inversely. Also, the current assets, U.S. companies follow order of liquidity so they would put bank and cash in first place and then receivables. Ordering of liabilities: U.S. companies would put liabilities before shareholder’ equities but Club Med did it inversely. Also, U.S. companies would divide liabilities into short term liabilities and long term liabilities. Short term liabilities would follow the order of liquidity. II. 1. The financial statements of U.S companies only present the data from two years but Club Med present the data from three years. 2. Financial statements of Club Med have separate column for reference but U.S. companies don’t have that. III. 1. U.S. companies usually put numbers in thousands of dollars but Club Med put numbers in millions of euros. 2. Med Club has subtotals printed and bold but U.S. companies don’t do that. 3. Med Club divided the fixed assets into intangible assets, tangible assets and financial assets but not in U.S. 4. Med Club include net income/net loss in its income statements but in U.S. we close it at the end of the year. 5. Med Club includes provisions for contingencies and charges for income smoothing but not in U.S. IV. CLUB MEDITERRANEE S.A. CONSOLIDATED BALANCE SHEET In millions of Euros ASSETS October...
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...(See Appendix: Figure 1) To catch up with competitors, Real Madrid set three interrelated goals: (1) increase financial flexibility; (2) assemble a team of top players; and (3) expand Real Madrid brand across a variety of channels. This paper will address the goals of developing local players to save the enormous forward fees and to soften financial bills, and enhancing mobile & social media to expand internationally and to increase number of Real Madrid fans as well as revenue. SWOT Analysis The club recognition, number of fans and number of victories are the most important strengths of Real Madrid. On the other hand, the team strategy of acquiring the top soccer players can be seen as a weakness in that the club spends millions of euro to focus on team’s performance. However, the team should maintain this acquisition strategy but also focus on developing in a more efficient way as Brazilians and Argentina soccer teams do. The development of new talents and extension of the recognized brand to other soccer-related activities are opportunities for Real Madrid that could improve their revenue. The balance of talented soccer players, expert coaches and loyal fans are essential for Real Madrid’s successes. Real Madrid is facing enormous threats of victories and recognition for opposing teams. (See Appendix: Figure 2) For example, FC Barcelona, another Spanish soccer team, is one of Real Madrid’s most challenging competitors. One of FC Barcelona’s superstars is Lionel Messi,...
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...Contents 1.0 1 INTRODUCTION 1 1.1 BACKGROUND OF GERMANY 1 1.1.0 PEOPLE AND SOCIETY OF GERMANY 1 1.2 INTERNATIONAL TRADE STATUS OF GERMANY 2 2.0 INTERNTIONAL TRADING WITH OTHER COUNTRIES 3 2.1.0 GERMANY’S INTERNATIONAL RELATIONSHIP WITH FRANCE 5 3.0 Data collection and Analysis 6 3.1 Data collection 6 3.2 Analysis 7 3.2.1 IMPORT 7 3.2.2 EXPORT 8 3.2.3 REAL GDP 8 3.2.4 INFLATION 9 3.2.5 UNEMPLOYMENT 10 3.2.6 INTEREST RATE 10 3.2.7 EXCHANGE RATE 11 3.2.8 BALANCE OF PAYMENT 11 4.0 IMPORT AGAINST REAL GDP 12 4.1 IMPORT AGAINST CPI 12 4.2 IMPORT AGAINST UNEMPLOYMENT 13 4.3 IMPORT AGAINST INTEREST RATE 13 4.4 IMPORT AGAINST EXCHANGE RATE 14 4.5 IMPORT AGAINST B.O.P 14 4.6 EXPORT VS REAL GDP 15 4.7 EXPORT VS CPI 15 4.8 EXPORT VS UNEMPLOYMENT 16 4.9 EXPORT VS INTEREST RATE 16 4.10 EXPORT VS EXCHANGE RATE 16 4.11 EXPORT VS B.O.P 17 4.12 IMPORT VS OTHER FACTORS 18 4.13 EXPORT VS OTHER FACTORS 18 5.0 ISSUES AND CHALLENGES OF GERMANY 19 5.1 Exporting German Troubles 19 5.2 Industrial Competitiveness 19 5.3 Paying for Europe 20 6.0 RECOMMENDATION AND CONCLUSION 21 6.1 RECOMMENDATION 21 6.2 CONCLUSION 21 References 22 1.0 INTRODUCTION 1.1 BACKGROUND OF GERMANY Germany which is otherwise called the federal republic of Germany which is additionally the parliamentary republic in the western-focal piece of Europe which comprises of 16 bodies electorate and which has held its predominance. Its capital is Berlin and its landmass covers a zone of 357...
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...Eurozone: Euro Falling? In recent news, many of the Eurozone Financial Ministers met to discuss the value of the Euro, how they will reform the outstanding debt situation within the Eurozone, and how they will respond to strengthen its power. However, discussions have come to a standstill as German Chancellor, Angela Merkel, is only looking out for the best interests of her country. She wants those financially irresponsible countries, such as Greece, to reform their ways and is, moreover, concentrating her energy instead on changing Eurozone treaties to allow closer fiscal union and supervision of member nations' budgets, even though analysts have told the Euro-bearing nations that the currency might take a harsh blow from which it will never recover, possibly leading to the complete dissolution of the Euro currency. People are saying that this will only have an effect on Europe, but they are wrong. The official decisions that are made will affect the rest of the world and will either cause Europe to rise up to the occasion or make the world enter another Era of Depression. It is because of these reasons that show Europe’s debt crisis has forestalled market activity; they are implementing characteristics of a mercantilist society, modernizing their economic systems to benefit only themselves, and a globalized economy will occur, whether its one of prosperity or trepidation. Mercantilism which is the economic theory that European governments used serving only their countries’...
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...Abstract The Purpose and role of the following report is to compare contrast consumer behavioral characteristics between Malaysia and Australia in terms of religiosity and materialism. The report follows the structure of analyzing religiosity in Malaysia and comparing advertisements in a secularized nation and how this is important for an Australian marketer trying to sell their product (women’s clothing) in Malaysia. The reports fundamental goal is to further understand how religiosity and materialism influence and affect consumer behaviour. ------------------------------------------------- Religious Subculture Introduction The following report focuses on the specific influences of Religious subculture and Materialism in consumer behavior which shape our values and understanding of purchase behaviours. Religious subcultures are groups in society with homogeneous beliefs and experiences. The global marketplace is exceedingly becoming more influential and powerful than ever before, thus the need to understand consumer behaviour in different cultures and nations is ever so important in our modern world. The concept of religiosity is accountable for differences in consumer behavioral characteristics across the world. The study of religious subculture has found that religion appears to influences a persons behaviour and may also...
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