Financial management and risk analysis Essay Example | Topics and Well Written Essays - 2000 words

Financial management and risk analysis - Essay Example The new assembly cell requires three cell programmer/operators recruited at a salary of  £20,000 per year each. The cell robots are expected to last for 5 years, after which they can be sold off for an estimated price of  £1,000 each. The company’s cost of capital is currently 10%. This is a two-option financial investment appraisal case which compares the cost of operating an existing sub-assembly line with the cost of a new automated assembly cell. Both options incur costs we could compare to find out which option results in lower expenses over the next five years. Any savings will increase profits, which we can then transform into additional value that would benefit our shareholders. We utilised common investment criteria to analyse this project, and considered other factors that may affect its financial viability. We included our suggested solutions and potential effects on the final decision through a sensitivity analysis, which takes into account: 1. The cost of replacing our eight fitters and with three skilled operators. We included the effect of granting separation pay to each displaced operator and made a recommendation on how much we could afford to pay. The key insight to our problem is to match the cash flows for both options. Option 1 is our existing sub-assembly line, whilst Option 2 would be our proposed investment in new automated machines. Each option has a cash outflow over the next five years. Whilst Option 1 would not require a large cash outflow now, it has the same level of cash flows we are currently spending to maintain the line. In contrast, Option 2 demands a large cash outflow now, but this would result in lower cash flows over the next five years. We compared both cash flow forecasts and arrived at a net cash flow, which is the amount of working capital we would save from the lower cash requirements of Option 2. A basic assumption is that the sub-assembly line’s productivity would be constant, and that

Aircraft Crash Analysis & Design Essay Example | Topics and Well Written Essays - 500 words

Aircraft Crash Analysis & Design - Essay Example All of the 297 passengers and 12 crew members evacuated the aircraft before the fire reached the escape doors. All of the passengers and crew members survived with only 12 were seriously injured. People called it a miracle and the role played by the highly trained crew members in an emergency situation was appreciated. The passenger cabin had eight emergency exit doors. Six of the doors are used in Type A emergency and the other two doors are used in Type l emergency. All of the doors were similar in operation. They had a design to be opened either from interior or the exterior. According to the operating manual of Airbus cabin crew the instruction states that opening the doors from interior in normal operations, the door control handle must be completely up. All of the doors were equipped with door assist system which had an emergency operation cylinder and a damper. Damper helps in limiting the travel of the door in normal operations especially when the conditions are windy. But in an emergency situation the damper acts as an actuator in order to open the door automatically. The damper is operated by compressed nitrogen gas which is stored in specially designed cylinders which have pressure gauge. Slide arm lever controls the release of nitrogen by and actuating device. When the arm lever is at armed state as normally it is during landing as a result the door assist opens the door automatically. Each emergency door also has a prismatic lens. The plane had 8 evacuation escape devices to help in fast occupant way out in state of an emergency. It had 2 single lane slides at emergency doors R3 and L3 and six double lane rafts at emergency doors R1, R2, R4, L1 and L2. The deployment and inflation of the rafts were automatically started when the emergency doors are opened. Normally the deployment and inflation time of rafts is 16 seconds but on Airbus A340 it is 8 seconds. There is no sign that the international

Explain What Is Meant By The T :: essays research papers

Explain what is meant by the term â€Å"an economic model† and outline a model of price and output determination in a free market. Examine the effect of a change in real disposable income on equilibrium price and output. An economic model or theory is a simplified explanation and analysis of economic behaviour. It allows us to predict, and therefore intervene, if we do not like the outcome of a possible chain of events.   Ã‚  Ã‚  Ã‚  Ã‚  Theories and models are mainly derived from past responses to similar stimuli or from statistical surveys, and this information may not always be accurate as it assumes ceteris paribus, or all other things remaining equal. For example, figures may show that the number of people smoking doubled when the price of cigarettes halved in the 1960’s. This does not mean to say that following a similar price reduction today, the response would be the same, as advertising has increased the awareness of the dangers of smoking. Such a difference in behaviour patterns can be explained when we consider that economics is a social science, concerned with people, who have a free will and cannot be made subject to laws. This also explains why many models are generalised, dealing with trends in economic behaviour rather than the choice of the individual, as this varies and is difficult to surmise and predict.   Ã‚  Ã‚  Ã‚  Ã‚  A market is a place where buyers and sellers communicate for the purpose of the exchange of a good. In free market, the price of a good can fluctuate, determined by supply and demand. When economists discuss demand, they mean effective demand, or how much people will want, and can afford to buy at any given price of a product. This means that demand is dependent on price. The graph above is a demand curve that illustrates that as price rises, demand falls. This enables movement along the curve, which we term an expansion or contraction of demand, depending on the direction of this movement. Like most economic models, it is simplified and assumes ceteris paribus that price and demand have an inversely proportional relationship. This theory does not account for goods which are nesscessities or that have few close substitutes, for whom demand may remain constant with price changes.   Ã‚  Ã‚  Ã‚  Ã‚  Similarly, there is a supply curve that shows the relationship between price and supply. The economic theory here is that the higher price a good commands, the higher your profit margin will be (assuming costs of production remain constant).

Automobile and Swot Analysis Essay

1. Introduction This report is based on the company Mercedes Benz, and the chosen country is Singapore. The purpose of the report is to conduct an environmental and marketing analysis of Mercedes Benz in Singapore. Firstly, this report will state the company background. Next, it will state the country background. Thirdly, it will state the SWOT analysis. Fourthly, it will state the PEST analysis. After that, it will state the marketing strategy, new product development, and lastly the conclusion. Company background Mercedes-Benz is a German car company, some sort of multinational department from the German company Daimler AG. The company is used intended for high-class motor vehicles, buses, motor coachs, as well as vehicles. The particular brand made an appearance in 1926 within Daimler-Benz yet history the sources to Daimler-Motoren-Gesellschaft’s 1901 Mercedes and to Karl Benz’s 1886 Benz Patent Motorwagen, which is commonly viewed as the first car. Mercedes-Benz’s slogan is â€Å"Das Beste oder nichts† (English: â€Å"The best or nothing†). Mercedes-Benz is just about the most commonly known as well as set up car makes in the world, which is on the list of the world’s oldest car company nevertheless around the world today in 2014,possessing the first petrol-powered vehicle. Country background Singapore is an affluent island nation, positioned in Southeast Asia within the southern tip of the Malay Peninsula. The occupants of Singapore delight in one of the maximum standards associated on earth, with each capita GDP adequate to in which from the top international locations within American The european union. The particular economy would depend intensely upon exports, and the nation houses one of the busiest ports on earth. 2. SWOT analysis SWOT analysis is part of strategic planning. The SWOT analysis helps organizations assess issues within and outside the organization. The SWOT analysis, made up of an assessment of strengths, weaknesses, external opportunities and threats from competition, provides an outline for strategic decision-making Table 1 From the table above it is seen that strong brand value measures that Mercedes is considered as a premium brand, such as BMW, Porsche, Audi and etc. There is no exception that Mercedes will stay in premium segment for a very long time. Almost all the rich and old people prefer this particular car brand. Also, this company has an advantage over their competitors as increasing production hybrid cars because of environmental friendly and Ð µÃ'€Ã'Æ' exact number of miles driven. To produce high quality cars and hire well – educated employees makes production expensive. That is why Mercedes is interested in upper class people who are able to buy such a car. It makes the brand attractive investment for people with high income (upper class). PEST analysis Originally known as PEST Analysis, this is a macro environmental framework used to understand the impact of the external factors on the organization and is used as strategic analytical technique. Strengths Weakness Opportunities Threats Strong brand value High price cost Fast – growing company Government policy Leader in innovation Expensive service New products and services Increasing in competition High level safety of cars High fuel consumption Developing hybrid cars Decrease in demand Investment. Stereotype that this car is for the rich people Fuel price rises Rising price of raw material High quality It is hard to find manual transmission in such a car Positive attitude towards â€Å"green† vehicles Unexpected problems A PEST analysis is looks at how those external factors can affect a business’s activities and performance, and it can be used in combination with other tools. It helps to determine an organization’s overall outlook for success. Political Economic Socio – Cultural Technological Bureaucratic Interest rates Fast – growing society Modern technology Stable government law system High income level Diversity of cultures WI-FI zones Taxation system. High power of the local currency Variety of language cultures Automation of work Law level of corruption Low level of economic freedom (-2) Most of the people are in advanced age Production of high quality medical equipment Foreigners investment Trade freedom Prevalence of upper class Investment in technology Table 2 From the table above let us take 3 characteristics for discussion. Firstly, high income of Singapore measures that Mercedes – Benz is one of the most suitable brands for upper class. It is considered, that Mercedes – Benz is a car which is suitable for old population, especially for men. Therefore, this car brand has a priority to take Singapore as a sales leader in the adult audience because of the prevalence of old population. Diversity of cultures of the populations shows that every single nation has different understanding of car design. That is why this brand can offers cars such as â€Å"family car† like Sedan (C – class) to â€Å"celebrity car† as Crossovers (G – class) with the newest and technology to their customers. 1) Franki Colbert (n. d). Definition of a SWOT Analysis. Retrieved from: http://smallbusiness. chron. com/definition-swot-analysis-43274. html 2) Russ Heaps (n. d) 10 most expensive cars to own and drive. Retrieved from: http://www. bankrate. com/finance/auto/10-most-expensive-cars-to- own-and-drive-1. aspx 3) Chad Brooks (2013, November 22). PEST Analysis: Definition, Examples & Templates. Retrieved from http://www. businessnewsdaily. com/5512-pest-analysis-definition- examples-templates. html 4) Abha Pandey (2011, 26 September). What is PESTLE Analysis? Retrieved from: http://bpmgeek. com/blog/what-pestle-analysis 5) Leading through innovation (n. d/ n. a) http://www. mbusa. com/mercedes/benz/innovation.

Apple Inc. Business Analysis - 3012 Words

Business Analysis of Apple Inc. On April 1, 1976 Steve Jobs, Steve Wozniak, and Ronald Wayne joined together to form Apple Computer Incorporated. The concept behind their company was the creation of an inexpensive, simple to use personal computer kit. Working out of Jobs’ garage in Cupertino, California the trio designed and manufactured their first product in three months. They named this product the Apple I and it went on sale in July 1976 for $666.66. Six months after the release of the Apple I, Ronald Wayne opted to sell his share of the company back to Jobs and Wozniak for a meager $800. Soon thereafter multimillionaire Mike Markkula joined Apple and on January 3, 1977 the company was incorporated. Apple continued to gain†¦show more content†¦Instead, Jobs decided for Apple to concentrate exclusively on desktop and portable Macintoshes for professional and consumer customers (International Directory of Company Histories, 2001). With guidance and oversight from Jobs, Apple released the su ccessful iMAC in August of 1998. This marked Apple’s return to profitability. In 2005 the company underwent another period of change. From 2005-07 Apple transitioned from PowerPC processors to Intel x86 processors. While the former PowerPC processors were supplied by Motorola and IBM, Steve Jobs stated Apple’s lack of faith in Intel to meet the company’s needs for the future. In January of 2007, Steve Jobs announced that the company would now be known as Apple Inc. during the Macworld Expo in San Francisco, California. The change in name signaled the company’s change in focus from personal computers to mobile electronic devices (Macworld 2007). Apple Incorporated’s primary NAICS code is 334111. The company falls under the electronic computer manufacturing category. This U.S. industry’s primary function is in manufacturing and/or assembling electronic computers. According to the U.S. Census Bureau from 2002 the industry has 489 esta blishments. The industry net selling values for 2002 were $47,728,633,000. The annual payroll in this industry was $3,274,317,000 distributed among 62,253 employees (U.S. Census Bureau 2002). A geographic distribution of the industry shows that approximately one third ofShow MoreRelatedApple Inc: Business Analysis916 Words   |  4 PagesPart 1 The company I select for purposes of this analysis is Apple Inc. Regarded one of the most innovative companies in the Electronic Equipment industry, Apple Inc. concerns itself with not only the development but also the design and sale of personal computers, a wide range of hardware products like the iPhone, and computer software. 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Created by innovative CEO Steve jobs (who recently passed away) and with the support of Steve Wozniak, is now a multinational corporation that’s focuses on consumer electronics, computer software, and commercial servers. With its broad line of revenue including: the apple computer, iPod, iPhone, iPad, and Mac apple strived for success with the idea to reach all consumers as its target market. The company started from Steve Jobs parent’s garage to its first building in CupertinoRead MoreAnalysis of Apple Inc. business Strategic Unit4242 Words   |  17 PagesAnalysis of Apple Inc. business Strategic Unit (iPad unit) Contents Introduction .................................................................................................................................................. 2 1. 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What Is Blank Verse Definition, Examples, Analysis

Blank verse  is  poetry with a consistent meter  but no formal rhyme scheme.  Unlike free verse, blank verse has a measured  beat. In English, the beat is usually iambic pentameter, but other metrical patterns can be used.  From William Shakespeare to Robert Frost, many of the greatest writers in the English language embraced the blank verse form.   Blank verse: Poetry that has a  consistent meter but no formal rhyme scheme.Meter: The pattern of stressed and unstressed syllables in a poem.Free verse: Poetry that does not have a rhyme scheme or a consistent metrical pattern. How to Identify a Blank Verse Poem The basic building block for a blank verse poem is a two-syllable unit called an iamb. Like the ba-BUM of a heartbeat, the syllables alternate between short (unstressed) and long (stressed). Most blank verse in English is  iambic pentameter: five iambs (ten syllables) per line. William Wordsworth (1770-1850) used iambic pentameter in his classic poem,â€Å"Lines Composed a Few  Miles Above Tintern Abbey. Notice the rhythm created by the pattern of  stressed/unstressed syllables in this selection:   Do I behold  these steep  and lofty cliffs However, Wordsworth didnt write the poem entirely in iambics.  Poets sometimes slip in different meters like  spondees  or  dactyls  to soften the beat and add a sense of surprise. These variations can make a blank verse poem hard to recognize. To add to the challenge, word pronunciations change with local dialects: Not all readers hear exactly the same beat.   To distinguish blank verse from free verse, begin by reading the poem aloud. Count the syllables in each line and mark the syllables that have a stronger emphasis. Look for an overall pattern in the arrangement of stressed and unstressed syllables. Blank verse will show some evidence that the poet has measured the lines to achieve a more or less consistent beat throughout the poem. Origins of Blank Verse English didnt always sound iambic, and the earliest literature from England didnt use orderly patterns of accented syllables. Beowulf (ca. 1000) and other works written in  Old English  relied on  alliteration  rather than meter for dramatic effect. Systematic metrical patterns entered the literary scene during the age of Geoffrey Chaucer (1343-1400), who wrote in  Middle English. Iambic rhythms echo through Chaucers Canterbury Tales. However, in keeping with the convention of the day, many of the tales are composed of rhyming couplets. Every two lines rhyme.   The idea of writing metered verse without a formal rhyme scheme didnt emerge until the Renaissance. Gian Giorgio Trissino (1478-1550), Giovanni di Bernardo Rucellai (1475-1525),  and other Italian writers began to imitate unrhymed poetry from ancient Greece and Rome. The Italians called their works versi sciolti.  The French also wrote unrhymed verse, which they called  vers blanc. Nobleman and poet Henry Howard, Earl of Surrey, pioneered English blank verse in the 1550s when he translated the second and fourth books of Virgils The Aeneid from Latin.  A few years later, Thomas Norton and Thomas Sackville produced  The Tragedie  of Gorboduc  (1561), a play composed of  very little rhyme and strong iambic pentameter: Such  causeless  wrong  and  so  unjust  despite,  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  May  have  redress, or  at  the  least  revenge. Meter was an important tool for dramatizing memorable stories during a time when most people couldnt read. But there was a tedious sameness to the iambic beat in  The Tragedie of Gorboduc  and other early blank verse. Playwright Christopher Marlowe (1564-1593) energized the form by using dialog, enjambment, and other rhetorical devices. His play The Tragical History of Dr. Faustus  combined colloquial speech with lyrical language, rich assonance, alliteration, and references to Classical literature. Published in 1604, the play contains  Marlowes often-quoted lines: Was this the face that launched a thousand ships,And burnt the topless towers of Ilium?Sweet Helen, make me immortal with a kiss:Her lips sucks forth my soul, see where it flies! Marlowes contemporary  William Shakespeare  (1564-1616)  developed a range of techniques to disguise the tick-tock rhythm of iambic pentameter. In his  famous soliloquy from Hamlet, some lines contain eleven syllables instead of ten. Many lines end with a  softer (feminine) unstressed syllable.  Colons, question marks, and other sentence endings create rhythmical pauses (known as caesura) midway through lines. Try to identify the stressed syllables in these lines from Hamlets soliloquy: To be, or not to be: that is the question:Whether tis nobler in the mind to sufferThe slings and arrows of outrageous fortune,Or to take arms against a sea of troubles,And by opposing end them? To die: to sleep... The Rise of Blank Verse Poetry During the age of Shakespeare and Marlowe, English blank verse belonged mainly to the realm of the theater. Shakespeares sonnets  followed conventional rhyme schemes. In the mid-1600s, however, John Milton  (1608–1674) rejected rhyme as but the invention of a barbarous age  and promoted the use of blank verse for nondramatic works. His epic poem  Paradise Lost  contains  10,000 lines in iambic pentameter.  To preserve the rhythm, Milton shortened words, eliminating syllables. Notice the abbreviation of wandering in his description of Adam and Eve leaving paradise: The world was all before them, where to chooseTheir place of rest, and providence their guide:They hand in hand with wandring steps and slow,Through Eden took their solitary way. Blank verse fell from favor after Milton died, but  in the late 1700s a new generation of poets explored ways to integrate natural speech with musicality. Blank verse offered more possibilities than verse with formal rhyme schemes. Poets could write stanzas in any length, some long, some short. Poets could  follow the flow of ideas and use no stanza breaks at all. Flexible and adaptable, blank verse became the standard for poetry written in the English language. Other masterpieces of blank verse poetry include Frost at Midnight  (1798) by Samuel Taylor Coleridge,Hyperion (1820) by John Keats,  and The Second Coming  (1919) by W.B. Yeats. Modern Examples of Blank Verse Modernism brought revolutionary approaches to writing. Most 20th  century poets turned to free verse. Formalists who still wrote in blank verse experimented with new rhythms, fragmented lines, enjambment, and colloquial vocabulary.   â€Å"Home Burial† by Robert Frost  (1874-1963)  is a narrative with dialog, interruptions, and outcries. Although most of the lines are iambic, Frost shattered the meter midway through the poem. The indented words Dont, dont, dont, dont are equally stressed. There are three stones of slate and one of marble,Broad-shouldered little slabs there in the sunlightOn the sidehill. We haven’t to mind those.But I understand: it is not the stones,But the child’s mound—’‘Don’t, don’t, don’t, don’t,’ she cried.She withdrew shrinking from beneath his armThat rested on the banister, and slid downstairs... Robert Graves  (1895-1985)  used similar strategies for  Welsh Incident.  The whimsical  poem is  a dialog between two speakers. With casual language and ragged lines, the poem resembles free verse. Yet the lines lilt with iambic meter:   ‘But that was nothing to what things came outFrom the sea-caves of Criccieth yonder.’‘What were they? Mermaids? dragons? ghosts?’‘Nothing at all of any things like that.’‘What were they, then?’‘All sorts of queer things... Blank Verse and Hip-Hop Rap music  by hip-hop artists draws from African folk songs, jazz, and blues. The lyrics are filled  with  rhyme and near-rhyme.  There are no set rules for line lengths or metrical patterns. In contrast,  blank verse emerged from European literary traditions. While the meter can vary, theres an overall regularity to the beat. Moreover, blank verse  poems rarely use end rhymes.   Nevertheless, blank verse and rap music share the same iambic rhythms. The  Hip-Hop Shakespeare Group  performs rap versions of Shakespeare plays. Hip-hop musician  Jay-Z celebrates the poetic qualities of rap music in his memoir and lyric collection,  Decoded  (view on Amazon).   Compare  the line by Wordsworth quoted at the top of this page with  this line from Jay-Zs rap song, Coming of Age: I  see  his  hunger  pains, I  know  his  blood  boils Rap music is not written exclusively in blank verse, but teachers often include hip-hop in the curriculum to illustrate the continued relevance of Shakespeare and other writers from the blank verse tradition.   Sources The Hip-Hop Shakespeare Company.  http://www.hiphopshakespeare.com/​  McWhorter, John. Americans Have Never Loved Poetry More—But They Call It Rap. Daily Beast. 29 June 2014. https://www.thedailybeast.com/americans-have-never-loved-poetry-morebut-they-call-it-rap.  Ã‚  Richards-Gustafson, Flora. Steps for Identifying the Types of Meter in Poetry.  http://education.seattlepi.com/steps-identifying-types-meter-poetry-5039.html.  Shaw, Robert B. Blank Verse: A Guide to Its History and Use.  Athens, Ohio: Ohio University Press, 2007Smith, Nadine. How to Write Blank Verse in the Iambic Pentameter.  Ã‚  https://penandthepad.com/write-blank-verse-iambic-pentameter-8312397.html.  University of Northern Iowa. Blank Verse.  Craft of Poetry, a Fall 2001 course taught by Vince Gotera.  Ã¢â‚¬â€¹https://uni.edu/~gotera/CraftOfPoetry/blankverse.html.

Using A Similar Deign And Mcdermott s False Memory...

The current experiment used a similar deign as Roediger and McDermott’s (1995) false memory experiment. In this 2x2 mixed factorial designed experiment, memory was tested using a word list that was either blocked by five critical words on a particular subject or randomized. Participants were university college students who participated for course credit. There was a significant difference in false memory when the blocked vs. random lists were compared to examine which had more words remembered. The participants who were randomly assigned to the blocked list recalled more words to include actual words and the critical words when compared to those randomly placed in the random word condition. The results revealed that using the blocked lists better facilitated the actual memory and recalled more critical words/false memories. Memory has been a subject of study to see if what we remember is a true memory or a false memory. Some of the studies conducted on this have used sentences, prose, films and slides to test the memory and find out if the individual can recall the actual story or have false memories about what they experienced (Roediger III McDermott, 1995, p. 803). The problem arises when eyewitnesses recall information about an event but proves to be false. Roediger, Jacoby and McDermott state that when you test the memory you are not just testing the retention of that event, you are also changing how the individual retains that particular event in the future.