...1. Introduction In recent years, a growing amount of research, much of which is still preliminary, has been dedicated to investigating maturity models development for the strategic management of supply chains (Chan and Qi, 2003; Gunasekaran et al., 2001; Coyle et al., 2003). The concept of process maturity derives from the understanding that processes have life cycles or developmental stages that can be clearly defined, managed, measured and controlled throughout time. A higher level of maturity, in any business process, results in: (1) better control of the results; (2) more accurate forecast of goals, costs and performance; (3) higher effectiveness in reaching defined goals and the management ability to propose new and higher targets for performance (Lockamy and McCormack, 2004; Poirier and Quinn, 2004; McCormack et al., 2008). In order to meet the performance levels desired by customers in terms of quantitative and qualitative flexibility of service in demand fulfillment, deadlines consistency and reduction of lead times related to fulfilling orders, firms have developed repertoires of abilities and knowledge that are used in their organizational process (Day, 1994 apud Lockamy and McCormack, 2004; Trkman, 2010). In two past decades, management of supply chain processes has evolved, also because of these new demands, from a departmental perspective, extremely functional and vertical, to an organic arrangement of integrated processes, horizontal and definitely...
Words: 1518 - Pages: 7
...Towards Capability Maturity Model of e-Learning Process Yong Zhou Software Engineering Institute, East China Normal University, Shanghai, China Email: yzhou@sei.ecnu.edu.cn Received April 12, 2012; revised May 27, 2012; accepted June 10, 2012 ABSTRACT ePCMM (e-Learning Process Capability Maturity Model) is used for evaluating the capability and maturity of an institution engaged in e-Learning based on e-Learning key process areas. It is a stepwise process improvement which can be implemented by both staged model and continues model. Introduction The e-Learning Maturity Model (eMM) model was developed in New Zealand by Marshall [1]. The method is based on gathering evidence about 5 processes categories in the eLearning lifecycles and takes a holistic view of maturity, addressing multiple aspects. Staged model of ePCMM The staged model of ePCMM is defined in 6 maturity levels (ML). The staged model of ePCMM provides a roadmap to organizational process improvement. Each stage of maturity level covers every e-Learning process area. 1. Initial: Ad hoc 2. Deliverable: Set up e-Learning process and make delivery 3. Planed : Have a clear and quantitative goal on e-Learning program 4. Defined : Define process for e-Learning development and support 5. Managed: Quality assurance on e-Learning resource and delivery 6. Optimizing :Keep improving on all aspect of e-Learning process The staged model of ePCMM has two advantages: 1) The...
Words: 798 - Pages: 4
...Maturity Maturity is defined as the quality or state of being mature. According to the Webster Dictionary, mature is defined as “having or showing the mental and emotional qualities of an adult; having a fully grown or developed body; and having reached a final or desired state”. When delving further into the definition, the psychological dictionary refers to maturity as a state of completed development of a certain developmental stage, particularly adolescence and the ability to respond to the environment in an appropriate manner. This means that in order to be mature, the individual must be not only physically mature, but also emotionally and socially mature in order to possess all of the qualities needed to meet the standards of being mature. Maturity would have little to do with age or becoming an adult, but about the ability to react, cope and reason in an appropriate way depending upon the situation (Breckler, Olson, & Wiggins, 2006). Maturity encompasses an individual’s behavior and how an individual deals with any situation and the decisions they make. Maturity has different meanings across different perspectives: legal, social, religious, sexual, emotional, and intellectual. When looking at these perspectives, there also remains an overarching focus on the culture of the society one resides in. Therefore, everything is culturally significant when discussing maturity which can make the concept of maturity subjective in many ways. For purposes of this definition...
Words: 1421 - Pages: 6
...mortgages, notes, and from other shortor longterm borrowing” and “payments of dividends or other distributions to owners, including outlays to reacquire the entity's equity instruments” are cash flows for financing activities. Therefore, Buck should present the borrowing and payment activities related to its revolving line of credit as cash flow from financing activities. Part 2 In scenario 1 (net), all the borrowing and payment activities are based on net basis within the financing activities section of its statement of cash flows. As FASB ASC 23010459 indicates “amounts due on demand are considered to have maturities of three months or less.” Here the situation is all draws are considered to be due on demand. Since all the activities in scenario 1 can be considered to be due less than three months. And also 23010459 explains that original maturity of asset or liability, which is three months or less, will be reported as net. Therefore, all the activities in scenario 1 should be presented on a net basis. In scenario 2 (net & gross), the financing activities should be...
Words: 811 - Pages: 4
...already a matured student? Do you think that being matured is about the age or the years of existence? Well, that is not right because maturity is not about the age, instead, maturity is marked by the qualities of self-denial, determination, and dependability. The first important quality that can be found in a matured student is self-denial. We can see that self-denial is possessed by a student when he/she prioritizes or gives more importance to the needs of other people than himself/herself. There are many examples where we students experience self-denial, first is when we just want to relax or go to the mall, we don’t do it instead we just study our lessons. Another example is that when I was not able to join my high school friends when they asked me to hang-out with them because there was an upcoming examination that I will take. Another characteristic that can be found in a matured student is determination. Determination is about not giving up even if things or situations are getting more difficult. In order to be determined, we should think of our motivation in reaching our goals. As students, if we are really determined, we would still study and prove that we can do our bests even if our teachers put us down. Also, if we fail, we should stand up and don’t lose hope to make things right. Last, but probably the most important measure of maturity is dependability. Dependability is a characteristic possessed by a person who can be trusted and relied upon. First, a dependable student...
Words: 384 - Pages: 2
...What We Know About the Development of Intercultural Maturity Student’s Name Institution What We Know About the Development of Intercultural Maturity Cultural diversity is the opposite of monoculture. It only refers to diverse culture or quality of various (Banks, 1997). Cultural diversity also means respect between different cultures that exist. It sometimes implies the existence of a variety of cultures like what we have in the world today, whereby particular culture occupy a particular region in the world (Banks, 1998). Globalization has been said to have had adverse effects on diversity in the world today (Banks, 1997). Culture influences how society members share experiences, heir values, fears, worries and hopes, culture moulds the perception and understanding of a community about the world. Culture enhances equitability and justice in the society (Banks, 1997). My goal in this paper is to discuss cultural diversity and particularly what we know about the development of intercultural maturity (Banks, 1998). Students from diverse social class, regions, ethnic and racial groups always perform and achieve differently in the schools (Banks, 1997). This act leads us to the need for equality in the education system; this will in turn close of the diversity gap. Intercultural Maturity is developed by formulation and implementation of multicultural education policies that will abolish culturally based education systems. Culturally biased education systems...
Words: 587 - Pages: 3
...I have a confession to make. I have a shoe fetish. Everyone around me seems to underestimate the statement a simple pair of shoes can make. To me, though, the shoes I wear are not for covering my two feet. They reflect who I am. So who am I? Why don’t you just look down at my feet? I could be wearing my under armor spines – my confidence and my leadership shoes. My feet feel weightless much like myself. After I finish what needs to be done I tend to free myself from any stress I had before. On crisp winter nights I could be wearing my furry brown monkey slippers. These slippers are my comforting side. I can wear them and listen to a friend cry for hours. My favorite pair of shoes, however, is my bright pink Sperry’s. They are my individuality, my enthusiasm, my laughter, my love for risk-taking. No one else I am friends with has them. When I feel like being somewhat invisible I wear my solid colored flats. My flats allow me to be independent. I wear them to school, shopping, and even when I go to museums. My snowboarding boots show my love of adventure and being outdoors in the calm yet fierce white snow. Broken in and molded to the shape of my feet, when wearing them I feel in touch with my surroundings. During college I intend to add more shoes to my collection in the closet. For each aspect of my personality I discover or enhance through my college years, I will find a pair of shoes to reflect it. Maybe I could get a pair of one black and one white shoe for when I learn...
Words: 535 - Pages: 3
...I acknowledge the amount of maturity that it takes to be a student at NCSSM, and I feel that I possess more than enough of this quality for me to be a successful student at NCSSM. From a young age, I have always felt the need to be independent and mature when it comes to academics. Maturity, along with my willingness to learn, have allowed me to be a part of A Honor Roll since the third grade. I take pride in my work, and whether I am in the third grade or a sophomore in high school, my maturity forces me to push myself and put forward the best that I can do. I am open to the concept of working without a teacher or supervision and am mature enough to learn in such an atmosphere. I genuinely enjoy learning ━especially about math and science━...
Words: 307 - Pages: 2
...relationships shown in Exhibit 4-11 2. The price of a bond can be written as either as the sum of series of discounted CFs (Equation 4.1, page 63) or as the sum of the PV of an annuity and the discounted maturity value (Equation 4.9, page 67). Note that the PV of an annuity formula used in Equation 4.9 is derived from the difference between a perpetuity starting at time zero and a perpetuity starting at time n. The difference is an annuity starting at time 0 and ending at time n. Equation 4.3 is the first derivative of price w.r.t. yield (∂P/∂y) using equation 4.1. The numerator of equation 4.10 is first derivative of the price w.r.t. yield using equation 4.9. Consider either equation 4.3 or the numerator of 4.9. Determine only the sign of following second derivative and mixed partial derivatives: * ∂2P/∂y2 * ∂2P/∂y∂C * ∂2P/∂y∂n (a) Does duration increase or decrease as the initial yield increases?(decrease) (b) Does duration increase or decrease as the coupon increases?(decrease) (c) Does duration increase or decrease as the maturity increases?(increase) 3. (This is questions 2 and 4 from the text.) Consider semi-annual bonds A and B. | Bond A | Bond B | Coupon | 8% | 9% | Yield to maturity | 8% | 8% | Maturity (years) | 2 | 5 | Par | $100.00 | $100.00 | Price | $100.00 | $104.055 | Produce an Excel spreadsheet to answer the following questions: (a) Compute the PVBP (aka DV01) given the initial...
Words: 1140 - Pages: 5
...Introduction to Mathematics in Finance – HW 4 Swarna Ramineni sr3121 Answer 1) Value at risk: It is a statistical technique to measure the amount of potential loss, the probability of the loss, and the time frame. Value at risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager's job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. For example, a financial firm may determine that it has a 5% one month value at risk of $100 million. This means that there is a 5% chance that the firm could lose more than $100 million in any given month. Conditional value at risk on the other hand is an extension of value at risk. It is derived by taking weighted average between the value at risk and losses exceeding the value at risk. The VaR model does allow managers to limit the likelihood of incurring losses caused by certain types of risk - but not all risks. The problem with relying solely on the VaR model is that the scope of risk assessed is limited, since the tail end of the distribution of loss is not typically assessed. Therefore, if losses are incurred, the amount of the losses will be substantial in value. Conditional value at risk does a better job at assessing the tail VaR and hence is a very useful tool for risk managers. Answer 2) NAV as of Nov 1, 2013 is $169,018 Gross Leverage is 1.744 and Net Leverage is 0.7017 The latest...
Words: 2942 - Pages: 12
...PROPOSED MBA RESEARCH TOPICS SOFTWARE ANALYSIS BUSINESS DECISION IMPACT ON PEAK FINANCIAL PERFORMANCE CONTAC T INFORMATION Primary Contact: Dawn Simon Director, Co-Manager Equity Technology Team Merrill Lynch Investment Managers 800 Scudders Mill Road Plainsboro, NJ 08536 Phone: 609-282-0328 Fax: 609-282-6597 Secondary Contact: Martin Seyffert Research Associate Equity Technology Team Merrill Lynch Investment Managers 800 Scudders Mill Road Plainsboro, NJ 08536 Phone: 609-282-6632 Fax: 609-282-6597 UNDERLYING ASSUMPTION We specialize in technology equity portfolio management. As a subset of this work, we also examine the timing and relationships within software companies of the following variables: 1) R&D cycle; 2) product deployment period; 3) sales cycle; 4) contract duration; and 5) "disposable life" of software. Our assumptions may, or may not, be valid. Our assumptions are as follows: The technology industry is in a state of flux with the duration of the above listed items completely mismatched within companies. The mismatched time horizons are causing more volatile stocks, stemming in part from, less stable financial performance for software companies. We believe that faster development cycles and Internet-based distribution channels have accelerated parts of the business, while R&D cycles and contract duration have not yet been adjusted - or even recognized as an issue within many companies. Below are the specific areas we...
Words: 1120 - Pages: 5
...Maturity comes with age not with love. In William Shakespeare’s classic play Romeo and Juliet two young teenagers fall in love. A series of circumstances quickly lead to rash decisions and the lovers are dealt difficult decisions. The outcome of these decisions show the level of Romeo and Juliet’s maturity. In this story they take maturity to a whole other level. Romeo’s immaturity is shown from the beginning of the play when his love is so strong for Rosaline, yet within four scenes he is in love with someone new. Spotting Juliet, his love is instantly transitioned to her. “Beauty too rich for use, for earth too dear/ So shows a snowy dove trooping with crows As yonder lady o’er her fellows shows.” (I.5.46-47) While alone they talked...
Words: 715 - Pages: 3
...The maturity assessment matrix describes how well the information system is embedded in the organisation. This has five components: ➢ Business objectives: how well the information is aligned to business objectives. For example, does the information relate to the organisation’s patient focused service lines and move towards outcome based services? ➢ Organisational process: are objectives, strategies and operational decisions based on relevant and accurate information? ➢ People: does the organisation have access to people with the right skills to produce and analyse information in a timely and pro-active manner? ➢ Data: is information based on robust and verifiable data? ➢ Technology: does the system use fit-for-purpose technology to collect and process data in a secure and cost-effective way? The maturity of an organisation’s information system is further classified into five tiers ranging from ‘basic’ to ‘leading’. Tier 1 is indicative of a very basic model in which business objectives and process are not aligned to the needs of the stakeholders. For example, there may be an under-resourced team using manual systems with incomplete or inconsistent information. As an organisation gradually becomes more mature, it may move along the maturity assessment matrix through the four additional tiers of evolving; sustained; advanced and leading. A leading model is fully aligned to business objectives and actively supports business process...
Words: 362 - Pages: 2
...Meagan Hess Ms. Phillips English 1 (4025) Essay 1, draft 1 June 9, 2014 With Maturity Comes Understanding Effective communication skills are the foundation of any successful relationship. This good communication is necessary for healthy relationships, but it can be a difficult skill to master. Brad Manning expresses his own troubles communicating with his father in the essay, “Arm Wrestling with My Father”. In this piece, Manning shares his struggle finding love through his father’s physical forms of endearment. However, as he matures, he understands the purpose of his father’s actions and realizes he will soon take his father’s place protecting the family. Similarly, Sarah Vowell expresses her own conflict with her father in the essay, “Shooting Dad”. Young Sarah and her father do not agree on much of anything. Their differences challenge the strength of their relationship, resulting in difficulty getting along. But even so, once Vowell gains maturity, she begins to see that she and her father are more alike than she originally thought. She finds that they share three qualities: hard work, passion, and love. Due to miscommunications, Both Manning and Vowell experience similar struggles feeling loved by their fathers. Miscommunications linked to indirect communication, differences in morals and values, and lack of feeling relatable are inevitable between parents and children; but, once matured, children are able to expand their minds to understand and connect with their...
Words: 908 - Pages: 4
...Macbeth is presented as a mature man of definitely established character, successful in certain fields of activity and enjoying an enviable reputation. We must not conclude, there, that all his volitions and actions are predictable; Macbeth's character, like any other man's at a given moment, is what is being made out of potentialities plus environment, and no one, not even Macbeth himself, can know all his inordinate self-love whose actions are discovered to be-and no doubt have been for a long time-determined mainly by an inordinate desire for some temporal or mutable good. Macbeth is actuated in his conduct mainly by an inordinate desire for worldly honors; his delight lies primarily in buying golden opinions from all sorts of people. But we must not, therefore, deny him an entirely human complexity of motives. For example, his fighting in Duncan's service is magnificent and courageous, and his evident joy in it is traceablein art to the natural pleasure which accompanies the explosive expenditure of prodigious physical energy and the euphoria which follows. He also rejoices no doubt in the success which crowns his efforts in battle - and so on. He may even conceived of the proper motive which should energize back of his great deed: The service and the loyalty I owe, In doing it, pays itself. But while he destroys the king's enemies, such motives work but dimly at best and are obscured in his consciousness by more vigorous urges. In the...
Words: 329 - Pages: 2
