...AEROSPACE MANUFACTURING INDUSTRY [pic] GM 105 Professor Hatton December 11, 2009 ___ Report Completed By: Sarah Gregory Leslie Horton Staci Miles Lauren Rolson Marcin Skubala TABLE OF CONTENTS INTRODUCTION 4 BACKGROUND 4 DOMINANT ECONOMIC INDICATORS 5 1. Market Size 5 2. Scope of Competitive Rivalry 6 3. Number of Companies in the Industry 7 4. Customers 8 5. Ease of Entry/Exit 8 6. Technology/Innovation 9 7. Product Characteristics 10 A. Government 10 B. Commercial Aircraft 10 8. Scale Economies 11 A. Internal 11 B. External 12 9. Experience Curve Effects 12 10. Capacity Utilization 13 11. Industry Profitability 13 SIX FORCES OF COMPETITION 14 1. Threat of New Entrants 14 2. Bargaining Power of Suppliers 16 3. Bargaining Power of Buyers 16 4. Threat of Substitute Products/Services 17 5. Intensity of Rivalry among Competitors 17 6. Relative Power of other Stakeholders-Unions 18 COMPETITIVE POSITION OF MAJOR AEROSPACE COMPANIES 18 COMPETITOR ANALYSIS OF MAJOR AEROSPACE COMPANIES 20 Boeing Co. 20 Lockheed Martin Corporation 21 Northrop Grumman Corporation 23 Raytheon Co. 24 Other Manufacturers 25 Airbus 25 United Technologies 26 KEY SUCCESS FACTORS 26 Reducing Costs 26 Maintaining Access to Foreign Markets 27 INDUSTRY PROSPECTS AND OVERALL ATTRACTIVENESS 29 Factors Making the Industry Attractive 29 Factors Making...
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...towards mastery in the practice of problem solving Assessments MODULE 4 Technology 1. You are the manager of 2 small stores with production functions q = K¼L¼ and a larger store with production function q = 2K¼L¼. You hire capital for $4, labour for $1. When you took over this role, your boss told you that Q = 24 was the profit maximizing output for this multi-plan firm: 24 = q1 + q2 + q3. Now, the price of labour rises to $4. Provide (i) Isoquant/Isocost diagrams, (ii) Total Cost and (iii) Marginal Cost diagrams. Illustrate the substitution effect (point a to b) and output effect (point b to c) on these diagrams. Explain why your firm uses less capital even when the price of labour increases. (September 2010) For the production function q = K2 + L2 (A) Demonstrate that the elasticity of substitution is negative. (B) Provide a labelled diagram showing the q = 100 isoquant (C) Briefly explain what a negative value means for σ 3. 4. A special production function is q = min( 80K, 4L1 + 2L2). Discuss the production process described by this function. Is this production function constant returns to scale? Five-year-old Jack has set up a hot chocolate stand outside his home. His customers like hot chocolate made in only one way, one unit of chocolate and 3 units of milk to go into each unit of hot chocolate. Jack’s mother, Naomi, provides him with heat, cups and cleaning free of charge. However, she charges him $0.25 for each unit of chocolate and $0.50 for each unit of milk. What...
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...INtroduction The three-year old Donner Company has positioned itself well within both the small volume, customized (contract) printed circuit boards market as well as the large volume, generic (captive) printed circuit boards market. Large electronic firms (AT&T, IBM) produced their components in captive shops, while smaller sized companies, or when large and small quantities of simple technology or fast turn-around prototype boards were required, these requests usually are fulfilled by contract shops. With a company that is managed primarily by engineers, Donner’s core competency was, obviously, its engineering expertise, and it produced specialized circuit boards known as “soldermask over bare copper” (SMOBC) boards. Donner positioned itself to manufacture these boards to small and large electronic firms and management envisioned it as one of the industry leaders. With 750 competitors in the US alone, and a market that is volatile, Donner’s ability to anticipate and resolve design problems and prototype techniques enabled it to maintain its competitive edge. However, this competitive edge has been compromised by poor on-time delivery and high rate of product return, in addition to planning and manufacturing problems that caused bottlenecks, shifting bottlenecks and improper utilization of labor. These problems began to hamper the overall performance of the firm, and management started evaluating the company’s position and different strategic policies. 1....
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...NEW DIRECTIONS AWE LIMITED ANNUAL REPORT 2011 NEW DIRECTIONS The Chairman’s Report 2 The Managing Director’s Report 6 RECENT PERFORMANCE Review of 2010-11 Operations 8 Directors’ Report 26 Corporate Governance 43 Financial Statements 49 2 010-11 was a challenging year for AWE shareholders and a year in which the Board and Management of the Company has been transformed. AWE completed the tail end of its major exploration program. The lack of major success over this two year program coincided with the global financial crisis, and the announcement of a new Carbon Tax and a new onshore Petroleum Resource Rent Tax in Australia. This combination of factors resulted in the Company’s share price underperforming. However, the Company has implemented changes to address its recent underperformance and to build a foundation for future growth and success. AWE is now in a sound financial position, with an excellent portfolio of diverse production assets delivering strong, long term cash flows. The Company’s strategy has been revised and a number of Board and Management changes have been implemented. The forward strategy will involve a greater technical and commercial focus aimed at maximising the value of the Company’s assets and delivering a profitable and sustainable future. AWE will pursue growth through selective exploration and acquisition opportunities. This will include opportunities in the broader energy industry as well as in conventional upstream oil...
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...n2) = (v1.n1 + v2.n2) you can use this to find the final price of say two types of rice being mixed or final strength of acids of different concentration being mixed etc.... the ratio in which they have to be mixed in order to get a mean value of vm can be given as: n1/n2 = (v2 - vm)/(vm - v1) When three different ingredients are mixed then the ratio in which they have to be mixed in order to get a final strength of vm is: n1 : n2 : n3 = (v2 - vm)(v3 - vm) : (vm - v1)(v3 - vm) : (vm - v2)(vm - v1) 2. If from a vessel containing M units of mixtures of A & B, x units of the mixture is taken out & replaced by an equal amount of B only .And If this process of taking out & replacement by B is repeated n times , then after n operations, Amount of A left/ Amount of A originally present = (1-x/M)^n 3. If the vessel contains M units of A only and from this x units of A is taken out and replaced by x units of B. if this process is repeated n times, then: Amount of A left = M [(1 - x/M)^n] This formula can be applied to problem involving dilution of milk with water, etc... EXPLAINATION TO THE ABOVE FORMULA when you mix different quantities (say n1 and n2) of A and B, with different strengths or values v1 and v2 then their mean value vm after mixing will be: Vm = (v1.n1 + v2.n2) / (n1 + n2) (I assume that you understood this...[pic]) vm (n1 + n2) = v1 n1 + v2 n2 n1 (vm - v1) = n2 (v2 - vm) so, n1/n2 = (v2 - vm)/(vm - v1) ----> (1) similarly if you...
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...CHAPTER 14 Decision Making: Relevant Costs and Benefits ANSWERS TO REVIEW QUESTIONS 1. The six steps in the decision-making process are as follows: • Clarify the decision • Specify the criterion • Identify the alternatives • Develop a decision model • Collect the data • Select an alternative 2. The managerial accountant’s role in the decision-making process is to participate as a proactive member of the management team, and, in particular, to provide information relevant to the decision. 3. A decision model is a simplified representation of the choice problem. Unnecessary details are stripped away, and the most important elements of the problem are highlighted. 4. A quantitative analysis is expressed in numerical terms. A qualitative analysis focuses on the factors in a decision problem that cannot be expressed effectively in numerical terms. 5. The result of a quantitative analysis is that one alternative is preferred over the next-best alternative by some numerical amount, such as profit. The amount by which the best alternative dominates the second-best alternative establishes a “price” on the sum total of the qualitative characteristics that might favor the second-best alternative. Suppose, for example, that a hospital’s board of directors is considering establishing an outpatient clinic in one of the two suburban communities. The quantitative analysis of the decision...
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...2007:224 CIV M ASTER’S TH E SI S Study of the reactions between iron ore slag and refractories Julien Zimmermann MSc PrograMMeS in engineering Materials Technology (eeigM) Luleå University of Technology Department of Applied Physics and Mechanical Engineering Division of Material Mechanics 2007:224 CIV • ISSN: 1402 - 1617 • ISRN: LTU - EX - - 07/224 - - SE Summary: For the fabrication of iron ore pellets at LKAB (Luossavaara-Kiirunavaara AB), one of the methods used is to sinter the pellets in a rotary kiln. This Kiln has a drift temperature of 1250°C in average. During this process a coating, causing the wear of the refractories materials, is formed, inducing expensive maintenance periods. The aim of this work is to find the reaction that takes place between the Slag and the bricks, in order to find the parameters that have to be changed to improve the bricks lifetime in the kiln. The use of bricks with higher alumina content is one of the solutions, but it is expensive. The influence of Alkalis and especially Na2O has been studied before in inert atmosphere. In this work it will be studied in air as well as the influence of the alumina content of the brick. Experiments were performed in air atmosphere, using powder samples that have been compressed into pellets. The devices used to characterize the reaction and the product of the reaction were: Kanthal furnace, X-ray diffraction (XRD), dilatometer, differential scanning calorimetry and thermogravimetry (DSC/TG)...
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...Running Head: WAL-MART STORE INC Wal-Mart Stores Inc. Chrisp, Courtney; Richardson, Maria E.; & White, Sherri Leadership & Org Behavior GM591 Professor: Robert Churilla mariae.richardson@yahoo.com DeVry/Keller University Online 02/17/2013 Introduction Wal-Mart Stores Inc., founded by Sam Walton in 1962, is one of America largest discount department stores. Wal-Mart’s primary mission is to bring consumers high quality goods at a low, discounted price. Wal-Mart operates more than 8,692 retail units across three business segments of retail worldwide that offer a wide array of general merchandise, including groceries, apparel, electronics, and small appliances. In addition, the company is the world’s largest retailer and grocery chain according to sales volume and just over half of their sales comes from grocery items. Over 54% of the company’s stores are located in the United States, with the majority of international stores located in Central and South America, and China. (Jaeah, 2012). Wal-Mart was started in Rogers, Arkansas during the early 1960’s. Sam Walton traveled all around the country researching what consumers wanted in a retail store. When Walton first opened Wal-Mart he “built it under the foundation of honesty, respect, fairness and integrity”. Walton tried to create a culture that shared the same beliefs as he did. Out of his beliefs he chose the three strongest which he felt best suited his store: respect...
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...Low-Cost Efficient Wireless Architecture for Rural Network Connectivity 1 Introduction Many rural regions around the world, especially in developing regions, do not have good connectivity solutions which are economically viable. As a result, many of these regions remain disconnected from both the rest of the world and from progress in general. In this proposal, I will describe the design of WiFi-based Rural Extensions (WiRE), a new wireless network architecture that can provide connectivity to rural regions at extremely low costs. The WiRE architecture is tailored for the typical rural landscape in several developing regions, in which the population is spread across small but scattered rural regions (less than 1-2 sq kms) within 100-200 kms of the city. WiRE is designed to be a wireless distribution network that extends connectivity from the city to each village. The WiRE architecture has largely been inspired by my prior work on WiFi-based Long Distance (WiLD) Networks [42, 62, 35, 54, 64, 34], a low cost point-to-point network connectivity solution that provides very high bandwidth (typically 6− 10 Mbps) over very long-distances. While prior work on WiLD networks [48, 5, 42, 62, 35] has made significant progress in the design of highperformance MAC layer solutions, we still lack a vision of how to design a comprehensive, low-cost, rural connectivity architecture that can efficiently support a wide-range of applications. It is this goal that I wish to achieve in the...
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...This page intentionally left blank R E V I S E D T H I R T E E N T H E D I T I O N AN INTRODUCTION TO MANAGEMENT SCIENCE QUANTITATIVE APPROACHES TO DECISION MAKING David R. Anderson University of Cincinnati Dennis J. Sweeney University of Cincinnati Thomas A. Williams Rochester Institute of Technology Jeffrey D. Camm University of Cincinnati Kipp Martin University of Chicago Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States This is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. The publisher reserves the right to remove content from this title at any time if subsequent rights restrictions require it. For valuable information on pricing, previous editions, changes to current editions, and alternate formats, please visit www.cengage.com/highered to search by ISBN#, author, title, or keyword for materials in your areas of interest. An Introduction to Management Science: Quantitative Approaches to Decision Making, Revised Thirteenth Edition David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, & Kipp Martin VP/Editorial Director: Jack W. Calhoun Publisher: Joe Sabatino Senior Acquisitions Editor: Charles McCormick, Jr. Developmental Editor: Maggie Kubale Editorial Assistant:...
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...Topic 1 The Scope of Economic Analysis Question 1.1 “According to the definition of opportunity cost, the more alternatives that we have given up in undertaking an action, the higher the opportunity cost.” Please comment on this statement and explain your answers using examples. Ans Opportunity cost of an action refers to the value of the best alternative that must be given up in order to undertake that action. That is, the highest-valued option forgone. The statement in the question is uncertain and is determined by situation, because the opportunity cost is the value of the best alternative forgone rather than the sum of all the alternatives forgone. There are two possibilities. Firstly, if the value of one added option is higher than that of original best alternative forgone, the opportunity cost increase. By contrast, if each of the added options’ values is no more than that of original best alternative forgone, the opportunity cost remains constant. Example for the situation that the value of one added option is higher than that of original best alternative forgone: Suppose that you have $5,000 dollars at hand and you are considering spending this money on (Listed in the priority of the action’s value for you) |Original buying list |Value |Added alternatives |value | |1. Buy a notebook |10 |1. Buy a mobile phone |9 | ...
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...Federal Agency for Education Federal State Educational Institute of Higher Professional Education “Plekhanov Russian University of Economics” Department of finance Chair of finance and prices, higher mathematics Complex interdisciplinary coursework on disciplines "Finance", "Theory of Probability and Mathematical Statistics" Theme "Analysis of the use of certain forms of non-cash payments in Russia" Submitted by: student of 2201 group full-time form of study Financial department Adamia T.T. Scientific advisers: Candidate of Economics, Senior lecturer Fediunin A.S. Candidate of Economics, Senior lecturer Shved E.V. Moscow-2015 Content Introduction 3 Chapter 1. Theoretical and legal basis for the use of non-cash payments4 1.1. Сoncept, mean and principles of non-cash payments in the Russian Federation4 1.2. Classification and instruments of cashless payments5 1.3. New banking technologies of cashless payments 10 Chapter 2. Analysis of non-cash payments on the basis of using credit cards12 2.1. Analysis of the credit card market of top Russian banks 12 2.2. The advantages and disadvantages of using credit cards17 Conclusion 19 Endnotes20 Bibliography21 Appendix 23 Introduction Throughout human history and in the present conditions, in particular, money is an inherent part of business life. All transactions related to the production of goods and services, are completed by cash payment. Moreover...
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...Factors influencing customer preferences while choosing between budget airlines Applied Research Project Report On Factors Influencing Consumer Preferences while choosing between Budget Airlines Submitted in partial fulfilment of the requirement of Global Masters in Business Administration(GMBA) Information Technology Specialization Submitted by Zarine Susan George GNOV10IT066 Under the guidance of: Mr. Thanneermalai Lakshmanan 1 Factors influencing customer preferences while choosing between budget airlines DECLARATION I hereby declare that the contents of this report titled “ Factors Influencing customer preferences while choosing between budget airlines” is the result of the study carried out by me. I declare that this is my original work and has not been published anywhere before. This Project Work has been carried out for the sole purpose of submission in partial fulfilment of Global Masters in Business Administration (GMBA) in Information Technology Management at S P Jain Center of Management, Dubai-Singapore. The above is true to the best of my knowledge and information. Name : Zarine Susan George(GNOV10IT066) Signature: GMBA Batch 10, Hyderabad road Singapore 2 Factors influencing customer preferences while choosing between budget airlines Acknowledgement I would like to express my sincere thanks and gratitude to all those who helped make this project a reality. This project has been an extremely enriching experience both in terms...
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...Chapter 1 Introduction Multiple-Choice Questions 1) Which of the following is an example of how the question of "what goods and services to produce?" is answered by the command process? A) government subsidies for affordable housing B) laws regarding equal opportunity in employment C) government allowance for the deduction of interest payments on private mortgages D) government regulations concerning the dumping of industrial waste Answer: A 2) Opportunity cost is best defined as A) the amount given up when choosing one activity over all other alternatives. B) the amount given up when choosing one activity over the next best alternative. C) the opportunity to earn a profit that is greater than the one currently being made. D) the amount that is given up when choosing an activity that is not as good as the next best alternative. Answer: B 3) In a market economy, which of the following is the most important factor affecting scarcity? A) the needs and wants of consumers B) the price of the product C) the degree to which the government is involved in the allocation of resources. D) All of the above are equally important. Answer: A 4) Which of the following is not considered by economists to be a basic resource or factor of production? A) money B) machinery and equipment C) technology D) unskilled labor Answer: A 5) Select the group that best represents the basic factors of production...
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...Table of Contents Introduction……………………………………………………………………........1 Industry Overview………………………………………………………………2-8 Client Profile & Competitor Analysis……………………………………9-17 Comparative Analysis……………………………………………………….18-19 Consumer Analysis………………………………………………………….20-23 Consumer Insights………………………………………………………….24-29 Survey…………………………………………………………………………….30-31 Results……………………………………………………………………………32-41 Recommendations…………………………………………………………..42-45 Appendix I……………………………………………………………………..46-48 Appendix II………………………………………………………………….…49-55 References………………………………………………………………………56-57 Will Haven, Lucy Ross, Jessica Stephens, Lauren West & Bonnie Willard Redbox is leading the way in the premier industry of DVD rental kiosks. With Coinstar as its established parent company, redbox is currently surpassing its competitors with its number of self-service kiosks. Redbox’s growing popularity is facilitated by its physical distribution, which places the kiosk in high traffic locations such as WalMart, Kroger, McDonalds and Walgreens. Due to redbox’s standing as the progressive option for DVD rental, its decision to target the 18-24 year old demographic was evident. This demographic embodies the idea of innovation, experimentation, and dependency on technology, all of which are imperative to transform an introductory product into a nationwide brand. The following report provides secondary and primary research in order to construct an accurate glimpse of redbox and its emergent status within the 18-24 year...
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