Premium Essay

Project Part 6

In: Business and Management

Submitted By bcw1954
Words 1820
Pages 8
Project Part 3
Betsy Whitfield
ITT Tech Online
MG514 – Managerial Economics
Professor Michael Thirtle
April 27, 2013

| |
Project Part 3 The fundamental concepts of managerial economics are to decide if a production plant is needed.
What will be produced, where the plant will be located, and how many employees do we need. I chose a plastic plant. One can either buy an existing manufacturing plant (Starting a Plastic Manufacturing Plant, 2013). There are a lot of plastic manufacturing plants that are fully furnished and offered for sale in various parts of the world (Starting a Plastic Manufacturing Plant, 2013). They cater to a wide variety of plastic products (Starting a Plastic Manufacturing Plant, 2013). Once you are knowledgeable of your desired product, the scientific and technical way to manufacture it and the type of business venture you are planning, as well as the location of your plant, you can start looking into the license and permit requirements of the government (Starting a Plastic Manufacturing Plant, 2013).
Any transaction has two dimensions, namely a demand and a supply (http://www.buzzle.com/, 2013). In any market, the number of units of a commodity that a consumer has the will and ability to pay for becomes the demand for that particular commodity in the market and any producer that has the will and ability to produce those units, becomes the supply (http://www.buzzle.com/, 2013). It is not necessary that the demand and supply volumes will match (http://www.buzzle.com/, 2013). The aggregate demand and supply analysis is based on this difference between the demand and supply forces (http://www.buzzle.com/, 2013)
The demand for a good or service is defined as Quantities of a good or service that people are ready to buy at various prices within some given time period, other factors besides...

Similar Documents

Free Essay

Week 6 Course Project Parts B and C

...Week 6 Course Project B) Written below is a sample communication via the use of a memorandum George Fisher has sent out to his employees at Kodak. In this communication message it will give information about the change Kodak is making into the digital world. Memorandum To: All Staff From: Mr. George Fisher, CEO Date: January 12, 2002 Subject: Changes to come For the past ten years we have been designing a strategy to embark on a new change into the digital world, leaving behind the existence of the use of film. It is crucial that we stay above our competitors and continue to change and explore new ways of finding our way in staying competitive in this ever-changing market. That is why we are beginning our conversion from film to digital imaging in the weeks to come. We will launch the changes immediately to in order to get our production started as our estimates are growth show much potential for success. Now, we might face some obstacles along the way in executing the change. Such as the need to invest in research and “release incrementally updated products in a number of different fields” as soon as possible, but we believe this will work. Therefore, we need you on board because you are the essential factor in helping us making this change a success story, and a great moment in Kodak’s history. We might have to cut some of our losses along the way, such as factories and jobs, in order to keep up with our counterparts and competitors, but there is more......

Words: 867 - Pages: 4

Free Essay

Math 533 Week 6 Course Project Part B

...MATH 533 WEEK 6 COURSE PROJECT PART B To purchase this, Click here http://www.activitymode.com/product/math-533-week-6-course-project-part-b/ Contact us at: SUPPORT@ACTIVITYMODE.COM MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 Week 6 Course Project Part B MATH 533 WEEK 6 COURSE PROJECT PART B To purchase this, Click......

Words: 560 - Pages: 3

Free Essay

Cis 517 Wk 6 Case Study 2

...CIS 517 WK 6 CASE STUDY 2 To purchase this visit here: http://www.activitymode.com/product/cis-517-wk-6-case-study-2/ Contact us at: SUPPORT@ACTIVITYMODE.COM CIS 517 WK 6 CASE STUDY 2 CIS 517 WK 6 Case Study 2 - Green Computing Research Project – Part 2 Read the Green Computing Research Project, Part 2 in Appendix C. Document the requirements and develop a scope statement. Write a two to three (2-3) page paper in which you: 1. Document the requirements based on the information provided and assumptions that you have made, including a requirements traceability matrix. 2. Include a list of questions to ask the sponsor about the project scope. Include at least six (6) questions for full credit. 3. Develop a scope statement for the project. More Details Included... Activity mode aims to provide quality study notes and tutorials to the students of CIS 517 WK 6 Case Study 2 in order to ace their studies. CIS 517 WK 6 CASE STUDY 2 To purchase this visit here: http://www.activitymode.com/product/cis-517-wk-6-case-study-2/ Contact us at: SUPPORT@ACTIVITYMODE.COM CIS 517 WK 6 CASE STUDY 2 CIS 517 WK 6 Case Study 2 - Green Computing Research Project – Part 2 Read the Green Computing Research Project, Part 2 in Appendix C. Document the requirements and develop a scope statement. Write a two to three (2-3) page paper in which you: 1. Document the requirements based on the information provided and assumptions that you have made, including a requirements......

Words: 649 - Pages: 3

Premium Essay

Mcgee Carpet and Trim

...take. This paper will discuss project management, implementing change, and evaluating the techniques of the firm’s goals. McGee Carpet and Trim McGee Carpet and Trim is a business that installs carpet into commercial businesses. Several of their recent jobs have taken longer than expected and Andrea McGee is concerned with her unreliable employees. Andrea would like to find out if her employees are working hard or not. The steps to take in finding out is first get the optimistic, pessimistic, and most likely times of each activity. Program Evaluation and Review Technique (PERT) is a technique that estimates the amount of time an activity with take based on its optimistic, pessimistic, and mostly likely times when it is uncertain of the individual activity estimates. The PERT formula is tE = (tO + 4tM + tP) /6. The Expected activity duration (tE) equals the Optimistic activity duration (tO) plus four times the Most likely activity duration (tM) plus the Pessimistic activity duration (tP) divided by six (A Guide, 2008). Activities OT MT PT PERT 1 4 6 14 7 2 5 12 16 11.5 3 7 15 23 15 4 13 16 28 17.5 5 17 20 35 22 6 20 32 50 33 7 5 6 13 7 The work is not likely to be finished in 40 days because part two can only be done after part one is done and part seven can only be done after parts three, four, and five are done, therefore parts one, two, and seven can be added and make those parts of the project 47 days in total. Project Management is applying the......

Words: 874 - Pages: 4

Premium Essay

Hrm 599 Course Project: Benefit Plan Design Analysis

...HRM 599 Course Project: Benefit Plan Design Analysis Purchase here http://devrycourse.com/hrm-599-course-project-benefit-plan-design-analysis Product Description Course Project: Benefit Plan Design Analysis Objective - The course project is designed to provide you with a real-life practical application of an organization’s Human Resource benefits program. You will create a written analysis of a real-world organization’s benefit plan design with suggested opportunities for improvement that use the concepts and knowledge introduced in this course. The below 8 parts need to be completed Part 1: Select and profile an organization for the benefit plan (40 Points) Part 2: Statement of the issue (40 Points) Part 3: Literature Review (40 Points) Part 4. Issue Analysis (40 Points) Part 5. Issue Solutions (40 Points) Part 6. Solution and its Implementation (40 Points) Part 7: Justification (40 Points) Part 8: Reflection (30 Points) HRM 599 Course Project: Benefit Plan Design Analysis Purchase here http://devrycourse.com/hrm-599-course-project-benefit-plan-design-analysis Product Description Course Project: Benefit Plan Design Analysis Objective - The course project is designed to provide you with a real-life practical application of an organization’s Human Resource benefits program. You will create a written analysis of a real-world organization’s benefit plan design with suggested opportunities for improvement that use the concepts and......

Words: 1016 - Pages: 5

Free Essay

It Decision Paper

...Rusty Rims IT Decision Paper Assignment Before you begin this assignment, be sure you have read the “Rusty Rims Wheels Case Study,” any feedback on your proposed IT project from your ITSP Part 2 assignment, and the previously assigned chapters in the textbook. Purpose of this Assignment This assignment gives you the opportunity to apply the course concepts to develop an IT Decision Paper to explain and defend an IT project at Rusty Rims Distribution Company (RR). This assignment specifically addresses the following course outcomes to enable you to:  Apply best practices in information technology management and governance to make, defend, and justify an IT decision. IT Decision Paper for Your Proposed IT Project For your ITSP, Part 2, you proposed an IT project for RR. Carol, the CIO at RR, has asked you to write an IT Decision Paper to explain your proposed project. She wants to use the Paper to gain approval from the Governance Board to move forward with the project. This assignment uses a format for a Decision Paper that has been tailored to the course material covered in this class. You may work for an organization that has a format for IT decision papers, and it would be a good idea for you to take a look at it, but it will likely be structured a little differently from this one. Each organization develops tools and techniques that will work for them. Assignment You will develop an IT Decision Paper, using the outline below. Each of the topics to......

Words: 3201 - Pages: 13

Premium Essay

Drew

...Syllabus NT2799 Network Systems Administration Capstone Project SYLLABUS Credit hours: 4.5 Contact hours: 56 (34 Theory, 22 Lab) Prerequisite(s): Completion of a minimum of 72 credits earned in the program of study including NT2640 IP Networking or equivalent. © ITT Educational Services, Inc. All Rights Reserved. -1- 13/01/2013 Network Systems Administration Capstone Project SYLLABUS COURSE SUMMARY COURSE DESCRIPTION This course provides an opportunity for students to work on a comprehensive project that includes the design, planning and implementation of a network solution for solving specific business problems. Common project management processes are applied to identify deliverables and outcomes of the project. MAJOR INSTRUCTIONAL AREAS 1. Project Management Techniques 2. A Fundamental Review of the Basics of Electronics in the AASNSA Program 3. Capstone Project 4. Research of Current and Emerging Technology COURSE OBJECTIVES 1. Apply important concepts of project management to the actual capstone project proposed for this course. 2. Use Microsoft Office Project to help plan and manage the actual capstone project. 3. Analyze the requirements for the capstone project. 4. Integrate and apply the knowledge acquired in the program to provide effective technological solutions for given problems. 5. Work in teams on a large-scope project. 6. Document solutions to a problem in......

Words: 7871 - Pages: 32

Premium Essay

Project Management

...AMPM600 Project Management Assignment 2, Microsoft Project 2013 2015, Semester Two Due Date: 13 Nov 2015 Instructions: On the following page Student name/number ………………………………….……………………… SEMESTER 2, 2015 Individual Assignment AMPM600 Introduction to Project Management This individual assignment is a computer project derived from the POM+ Project exercises of the textbook Project Management the Managerial Process. DUE DATE: See course outline for due dates throughout the semester. INSTRUCTIONS:         This assignment must be completed individually, using MS Project 2010 or 2013 and MS Word. Answer ALL questions. All written work must be typed in 12 font, 1.5 line spacing and meet business standards. All PDF Reports must include your student ID in the footer. You may request feedback from your lecturer to verify the accuracy of your project files. However, you must be specific in your requests and any request must be in relation to the usage of Microsoft Project. You must upload your project files to Moodle, see your course outline for due dates. That is 1 MS Project file and 1 Word file for each part and PDF’s as required. All assignment work must be your own. You must save your project file after each part with the file name containing your Student ID, Last Name, First Name, Project Name, Assignment Part. E.G. 1234567_Rob Meadows_POM+Project_Part1.mmp  Refer to the Course Outline for the assignment submission......

Words: 2401 - Pages: 10

Premium Essay

Coco Mix

...the test market were very encouraging and B-S has decided to launch a product to its current market and to expand to Texas. The name of the new juice will be CocoMix. Exhibit 2 provides an earlier version of the prototype for the product that was called CocoCasa. The plan is to keep most of the design for CocoMix. The applicable tax rate is 40% and the Comptroller has determined that the appropriate discounting rate for this type of project is 10%. The production process for CocoMix is very specialized but some production elements are similar to the ones used for existing drinks and thus both products will share some of the same equipment. The production process will be housed in an area not currently used by B-S. However, it is estimated that more distribution trucks will be necessary for a cost of $1.0 million and necessary new equipment will cost $0.8 million. These investments qualify for a Investment Tax Credit (ITC) of $10,000 which the firm can choose to take it all at once in year zero or distribute it equally over the life of the project. These are the only...

Words: 1817 - Pages: 8

Premium Essay

Risk Management

...Course Project Paper Part I Project – State-of-the-art student union DeVry University / Keller Graduate School of Management PROJ-595-63126: Project Risk Management March 25th, 2016 Professor:  Dr. Jayaram Madireddy Contents 1. Introduction 3 2. Risk Managment 4 3. RISK ACCESSMENT…….……………………………………………………..10 4. Conclusion 12 5. References 13 1. Introduction “This project is to introduce a new construction facility to house a state-of-the-art student union for MSOE, focusing on sustainability, green technologies, and renewable energy”. The Campus Center, or “CC” at Milwaukee School of Engineering (MSOE) is currently home to the student bookstore, administrative offices, a small café, a variety of classrooms for different disciplines, and a third-floor lounge area for students to gather to study or relax (Milwaukee School of Engineering, 2016). This aging building has served MSOE well for many years, but the growing school requires a proper student union to remain competitive with other top ranked schools in the Midwest. This project will provide a new construction facility to house a state-of-the-art student union for MSOE, focusing on sustainability, green technologies, and renewable energy sources to showcase the commitment of MSOE to the future health and well being of the Milwaukee area. 2. Risk Management Planning When analyzing the risks that takes place during the project planning phase. what......

Words: 1718 - Pages: 7

Premium Essay

Project Outline

...Week 6 Individual Project Individual Project: Project Outline In Part II: Project Outline, the new executive (your Instructor) of your strategic business unit (SBU) asked your team to create a portfolio management process and project selection criteria for use by the SBU. Your executive is very satisfied with the work you did to create this process. In fact, he was so impressed with the process and criteria you defined, he has now asked you to be key players in executing that new process. What follows are the details that will comprise the final deliverable of the project. Your third task in this project is to develop the final deliverable of the module project. This is due no later than the end of week 8. Part II: Project Outline – due at end of week 6: In the annual budget cycle, * Your SBU was allocated €24 million of funding for staff. * Your SBU is currently staffed with 100 people. The average loaded salary of your staff members is €240,000, which includes direct salary, all benefits (which are part of your budget), and all direct charges and capital charges (supplies, computers, travel, rental charges for the space you occupy, equipment, etc.). * In order to continue to employ all 100 staff members, you must allocate €6 million of funding each quarter. It is Monday, April 1. The first quarter of the year has just concluded. * Your SBU spent €6.0 million of the annual funding in the first quarter. * Half of that spending went to projects that...

Words: 1291 - Pages: 6

Premium Essay

The Investment Detective

...what quantitative analysis to generate in the first place. Supposed you are a new capital budgeting analyst for a company considering investments in the eight projects listed in Exhibit 1. The chief financial officer of your company has asked you to rank the projects and recommend the “four best” that the company should accept. Part I For the first part of this assignment only quantitative considerations are relevant. No other project characteristics are deciding factors in the selection, except that management has determined that projects 7 and 8 are mutually exclusive. All projects require the same initial investment, $2,000,000. Moreover, all are believed to be of the same risk class. The weighted average cost of capital for the first part is 10%. To simulate your analysis, consider the following questions: 1. Can you rank the projects simply by inspecting the cash flows? We cannot rank the projects by simply inspecting the cash flows. We must bring all cash flows at the same point in time (present) before comparing. This is because of time value of money. A dollar received now is more valuable than a dollar received sometime in the future. Thus, it is important that we bring all the cash flows to the present time before comparing. 2. What criteria might you use to rank the projects? Which quantitative ranking methods are better? Why? There are several criteria that we can use to rank...

Words: 876 - Pages: 4

Premium Essay

Playground Upgrade

...Improvement Project | Date Due: | 1st April 2015 | Date Submitted: | 1st April 2015 | Lecturer Name: | Mary Walmssley | Tutor Name | Norman Sim | ------------------------------------------------- I hereby certify that this assignment is my own work, based on my personal study and/or research and that I have acknowledged all material and sources used in the preparation of this assignment. I also certify that the assignment has not previously been submitted for assessment and that I have not copied in part or whole or otherwise plagiarised the work of other students or authors. ------------------------------------------------- Student Name/ No: | Signature | Poh Wei Ke 11866516 | __________________ | Receipt Stamp * Contents Executive Summary 3 1. Brief Background 4 2. Goal and Objectives 5 3. Project Scope 6 4. Work Breakdown Structure 7 5. Project Schedule 8 Gantt chart 10 6. Budget summary 12 7. Risk Analysis 14 8. Various Stake holders 15 * Executive Summary Home improvement programme (HIP) was announced by the Housing and Development Board (HDB). This was a new programme to replace main upgrading programme (MUP). HIP is a programme that help owner of the flat to resolve common issues that most aging flat are facing spallign concrete. As this a government programme there is a funds for Singapore citizen (SC) and Singapore Permanent Resident (SPR) households to receive subsidy. The subsidy are divided in two......

Words: 1949 - Pages: 8

Free Essay

Econ545

...Part 2 of your course project is due this week. The second part of your research or course project is a discussion of both sides of the issue; that is, the pros and the cons. This section of the paper should be around five to six pages in length. Use APA citation format for all assignments submitted for DeVry undergraduate courses Juvenile Justice Course Project Objective | Requirements | Deliverables | Grading Rubrics | | Objective | | The learning objective of this course project is to help students gain an in-depth understanding of a selected topic or issue related to juvenile justice. In addition, students will demonstrate their critical thinking abilities by presenting both sides of an issue and developing their own position on the issue. The paper should represent your best professional writing and work. As such, students should pay careful attention to paragraphing, sentence structure, quotation conventions, spelling, appropriate citation, and other aspects of grammar. | | Requirements | | Each student will write an 8 – 10 page typed double-spaced position or issue paper on a particular juvenile justice issue. Students will select a relevant juvenile justice issue, such as the origins of juvenile justice, the differences between juvenile justice and adult criminal justice, constitutional rights and juvenile justice, the juvenile death penalty, juvenile delinquency prevention, juvenile gangs, and so forth. Once the issue has been selected and......

Words: 964 - Pages: 4

Premium Essay

Project Wbs

...Diploma of Project Management Manage Project Time Assessment Activities & Exercises Candidate Details Assessment – BSB51407 - Time Please complete the following activities and hand in to your trainer for review. This forms part of your assessment. Name: _____________________________________________________________ Address: _____________________________________________________________ _____________________________________________________________ Email: _____________________________________________________________ Employer: _____________________________________________________________ Declaration I declare that no part of this assessment has been copied from another person’s work with the exception of where I have listed or referenced documents or work and that no part of this assessment has been written for me by another person. Signed: ____________________________________________________________ Date: ____________________________________________________________ If activities have been completed as part of a small group or in pairs, details of the learners involved should be provided below; This activity workbook has been completed by the following persons and we acknowledge that it was a fair team effort where everyone contributed equally to the work completed. We declare that no part of this assessment has been copied from another person’s work with the exception of where we have listed or referenced documents or work and that no part of......

Words: 1504 - Pages: 7