Sunday, May 10, 2020
The Best Year Of Riders Life - 1923 Words
Itââ¬â¢s been a year since Rider and his family moved to Japan and it has been the best year of Riderââ¬â¢s life not only did he make friends with cool people, but also has an awesome girlfriend in Shiho. Also, during the year, the almost the entire Hashimoto Clan moved to Japan since half of them were killed in the war. His aunts and uncles as well his cousins moved to Japan. Now his senior of high school Rider is this close to reaching his dream. Right now Rider and his cousins are on their way to school. ââ¬Å"So Rider this is your final year of high school are you going to miss it?â⬠his cousin Sachi asked. Sachi Hashimoto is 14 years old she has black hair and violet slitted eyes, and she had yet to grown in her fangs. She was wearing theâ⬠¦show more contentâ⬠¦Rider was at his locker and someone decided to surprise him. Placing their hands over his eyes the person said, ââ¬Å"guess who?â⬠ââ¬Å"Hmm let me guess itââ¬â¢s the girl who keeps this smile on my face and sheââ¬â¢s very beautiful. She happens to be my girlfriend Shiho,â⬠Rider said as he turned around to face Shiho. They greeted each other with a kiss as they headed to class. ââ¬Å"I canââ¬â¢t believe itââ¬â¢s our senior year Iââ¬â¢m really going to miss everybody,â⬠Shiho said. ââ¬Å"Yeah. Shiho thereââ¬â¢s something I have to talk to you about can you meet me in the parking lot after school?â⬠Rider asked. ââ¬Å"Yeah sure Iââ¬â¢ll come right after swim practic e,â⬠Shiho said. Rider and Shiho bid each other farewell as they headed to their classes. Later on, in the day, Rider was waiting outside the parking lot waiting for Shiho to show up. The twins were at the schoolââ¬â¢s track field running a couple tracks. Shiho appeared right in front of Rider and waited for him to begin. ââ¬Å"You know how we ââ¬Ëre about to graduate right?â⬠Rider asked. Shiho nodded her head and Rider continued, ââ¬Å"you see the thing is Iââ¬â¢m heading back to my home world this summer,â⬠Rider said. Shiho was saddened to hear that as she feared the worse. ââ¬Å"Are you going to break up with me?â⬠Shiho asked. Rider was surprised when she asked that question. ââ¬Å"No no no Iââ¬â¢m not going to break up with you,â⬠Rider said. Shiho sighed in relief as Rider continued, ââ¬Å"the problem is in order for me to return to my
Wednesday, May 6, 2020
Lucent Technologies Case Free Essays
The financial statement for Lucent Technologies is for September 30, 2003 and 2004. After reviewing the balance sheet I could determine Lucent Technologies Total Assets had increased by 1,052 million. This shows Total assets are in an upward trend and the company has steadily built assets the last year and not decreased them. We will write a custom essay sample on Lucent Technologies Case or any similar topic only for you Order Now The companyââ¬â¢s goal is to raise profits and one way of raising profits is to increase their assets. Total Liabilities have decreased by 940 million. Total current liabilities have decreased over the year while long term liabilities have increased. In 2003, Lucent Technologies debt to asset ratio was . 83 and in 2004 the debt to asset ratio was . 92 which means . 92 of Lucent Technologies assets were paid for by borrowing money. What this shows is Lucent Technologies may pay a higher interest on money borrowed because their debt to asset ratio is so high. By reducing their debt load and controlling purchases the company can reduce their total debt to asset ratio. Companies acquiring too much debt may have trouble paying creditors which could force them into bankruptcy. Total shareownersââ¬â¢ deficit has decreased over the year. While the company is currently looking at a deficit, they are heading in an upward trend where shareholders could start receiving dividend payouts. Investors reviewing Lucent Technologies current balance sheet may have a hard time investing in the company as much of the assets owned by the company were purchased on credit. Creditors may loan Lucent Technologies money for future investments, but it would be at a higher interest rate as the current debt to asset ratio is high. Another problem creditors and investors may have with the current balance sheet is that Lucent Technologies is only providing them with information from one year. Even though the balance sheet reflects improvements in company profits over the past year it doesnââ¬â¢t provide creditors and investors with enough information to make an informed decision. Creditors and investors would need financial statements for multiple years before investing in the company. By viewing the statement of cash flows, investors are able to determine how much cash comes in and goes out of the company during the year. It shows investors how the company is able to pay for its operations and future growth. Lucent Technologies provided a balance sheet for September 30, 2003 and 2004. There is limited value in the data provided by Lucent Technologies, for investors and creditors to make informative decisions before investing in or leading money to this company. Other financial statements investors and creditors need to view are the income statement and the statement of cash flows. The income statement provides the revenue earned minus expenses incurred over a specific period of time. Investors need to view the statement of cash flow to determine the increases and decreases in cash made by Lucent Technologies. How to cite Lucent Technologies Case, Papers
Wednesday, April 29, 2020
The Decision Process in Operations
Abstract The paper explores the concept of decision-making as it applies in a business organization or any other organization. The meaning of decision-making as well as the necessary steps that are taken to ensure effective decision-making process is also tackled. Some typical situations that may require an effective decision-making are also described alongside practical examples that involve effective decision-making.Advertising We will write a custom research paper sample on The Decision Process in Operations specifically for you for only $16.05 $11/page Learn More In addition, a case study is given on how effective decision making enabled an automobile company to recover from its loss of market share and is currently set to beat competitors. The paper also discusses problems that can be faced in the process, as well as some decisions that can be made, and some tools that are applicable in the decision-making process. Introduction Decision-making is an essential task in any organization. Whether it is a business or not-for-profit organizations, the management of the organization is often faced with situations that would call for choice of appropriate option from a collection of many possible options available. Regardless of the type of organization considered, the main factors that will influence decision-making process are the associated costs and time. These two scarce factors need to be minimized in any decision to be taken. Often, the management would want an activity to be completed within the shortest time and at the lowest cost possible. It is worth acknowledging that it may not be practical to minimize both cost and time. In real instances, if one attempts to reduce time required for a particular activity, then the cost would rise; the converse is also true. Thus, in such decision-making processes, the approach would be to have a trade-off between time and cost until an optimal point is reached. What this means is that, a manager would first establish the time it requires to complete a particular task using the available resources, and then, considering the possibility of reducing time, the manager would decide to put in more resources so that the task is completed in a shorter period. This process is continued, with the outcome being evaluated until it will be uneconomical to increase the cost further. That will be the optimal point and the decision will be drawn from that point. This is just one scenario that involves decision-making process. The same could be witnessed in other scenario, with different factors like labour availability. However, the objective will always be to have the best option from several alternatives, and the best alternative will always be one that minimizes the total operation costs and time.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Definition Decision-making can b e regarded as a set of criteria aimed at selecting a course of action from the possible alternatives available. In a business setting, decision-making is a cognitive procedure that requires brainstorming of all economic forces affecting the operations and influencing the process. McGuigan, Moyer, and Harris (2002) pointed out that ââ¬Å"the ability to make good decisions is the key to successful managerial performanceâ⬠(p5). The decisions to be made can be as simple as deciding on the price to charge for a product or the quantity of a product to be produced. However, the real business setting often comprises situations that are more complex. Steps in decision-making process The principles in operations management should be applied by every manager faced with decision-making (Horvà ¡thovà ¡ 2010, p3). The decision-making process includes several steps most of which are common to all sectors in which the process is required. A typical structure would entail the following step s. Problem definition The initial step in any decision-making is defining the problem upon which a decision is to be made. Ideas that are developed here will be carried forward to the latter stages and thus, it should be carried out with care. Depending on the nature of the decisions that are to be made, there will always be a need to brainstorm general situations prevailing and come up with various appropriate ideas. If a decision has to be made following the sequence of events that had been witnessed in the past, coming up with ideas may not be a very demanding task. However, the situation is quite demanding if the decision follows an abnormal trend, yet a completely fresh decision has to be made. Nevertheless, a better cognitive understanding of the whole environment will enable the management to come up with ideas that are less prone to risk (McLucas 2003, p4). Gathering the relevant information This is also an essential step since the information to be obtained will form the ba sis upon which a decision has to be made. It requires a lot of expertise to ensure that the right information is obtained. If the decision has to be made in relation to previous experiences, data recorded in the previous cases can be retrieved.Advertising We will write a custom research paper sample on The Decision Process in Operations specifically for you for only $16.05 $11/page Learn More However, much more effort needs to be put in developing a course of action that had not been taken before. For instance, obtaining the response from the public concerning use of a product to be introduced into the market requires a lot of accuracy and precision. Formulating the objectives Having obtained relevant information, the next move is to formulate the objectives to be fulfilled in relation to the assessments that have been done. It has been noted that ââ¬Ëthe failure to identify organizational objectives correctly can result in the complete rejection of an otherwise well-conceived and well-implemented planââ¬â¢ (McGuigan, Moyer Harris 2002, p5). The existing forces that could be identified are defined here as constraints that will govern the decision making process. This will include factors such as the available capital, labor that can be provided, or time to complete a task. As Li (2009) reported, ââ¬Å"constraints are regarded as high-priority objectives, which must be satisfied in the process of generating alternatives.â⬠These constraints will depend on the context in which a decision is to be made. Developing the strategies There is a need to develop strategies that can be used to realize response objectives laid out. The theories that are derived from economics will enable managers to set up the objective functions, as well as constraints involved in the decision process (McGuigan, Moyer Harris, 2002, p.5). The process also includes developing the techniques that will be used to ensure that the strategies that hav e been formed are implemented. Usually, the problems will be defined as numerical expression. The decision-maker needs to ensure a correct expression is given that describes the problem set. The implications of the results that will be realized should also be clear. Therefore, there is need for procedure that checks if the optimality has been attained.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Checking the feasibility of the solution Having developed strategies to ensure attainment of an optimal solution to the problem, there is need to check if the solution is compatible with all factors that had been given. The feasibility of the developed strategies is evaluated according to the forces that are acting within the organization and from outside. There is need to evaluate how other emerging factors may eventually affect the steps to be taken. Some decisions like site location are very crucial and should be carefully planned (Horvà ¡thovà ¡ 2010, p4). First, identify, at this point, the advantages and disadvantages that may be encountered when these strategies are actually implemented. This will remove the guilt from the decision-maker if something unexpected happens in the end. There is also a need to check if the steps are actually practical and can be implemented. It may not be the case that all that has been proposed can be put into practice. Thus, should there be a d eviation from what was expected, then, there is need to revise the strategies where necessary. However, it should be noted that most of the problems encountered would require solutions, some of which may be conflicting. The best approach is to adopt a multiple optimization technique that will come closer to satisfying most of the key constraints that are given (Li 2009, p3). Developing an implementation plan The strategies that have been developed will finally need to be put into practice. Thus, the next step is to develop the action plan that will ensure that the above goals are realized. The plan will include results that were realized in examining the feasibility and the practicality of the strategies developed. It will give an outline of courses of action to be taken and the associated costs or time as appropriate. Seeking permission Decision-making in an organization will differ from that made on an individual basis. If an operations manager makes a particular decision independ ently, then the consequences that follow from such decisions will be solely bestowed on him/her. Thus, the best approach is to seek the final say from relevant authority, as this will remove the fear of failure or procrastination. Implementation of the procedures The final step is to put the procedures that had been laid down into practice. Efforts should be made to ensure that the procedures are correctly implemented as had been designed. This could be achieved through constant monitoring and evaluation of the implementation processes (McGuigan, Moyer Harris 2002, p6). Situations requiring decision-making As human beings, we are always faced with situations where we have to choose from the alternatives that are available depending on our abilities. To satisfy the basic human needs, we are faced with decisions-making situations that need fulfillment depending on the economic constraints available. Owing to the scarcity in resources that we always have, we would always want to have our needs fulfilled as cheaply as possible. We would always want the services to be given to us as fast as possible. A similar scenario is witnessed in the decisions to be made in an organization, whether it is a business organization or not-for-profit organization. The time and cost factors will be common to every organization. Some few situations that require effective decision-making processes in an organization are described below. Consider a manager who wants to assign duties to different employees within a department in an organization. There is a project that comprises seven tasks to be performed and fortunately, seven employees are available, each of whom can handle any of the tasks. However, the employees have different abilities of performing each of the tasks, while the management wants the whole project completed within the shortest possible time. There is also information about time that each employee can take when performing a particular task. The manager here is charg ed with a duty to assign these employees to the task to minimize the total time that will be taken to complete the whole activity. A beverage production company produces and distributes to various retail warehouses; this company has four production sites and six warehouses to be served. These production sites and warehouses are all linked and any site can supply to any warehouse. The cost of transportation from one site to a warehouse is dependent on the distance to be covered and the quantity of items transported. The capacities of each warehouse, the production ability of each site, and the cost of transport of given units of items from the different sites to warehouses are all known. The problem is to come up with a system that will ensure that all the warehouses are supplied with the products from the sites such that the total transportation cost is minimized. This will call for an effective decision-making. The real business setting will have complex versions of the problem; fo r instance, it can further be noted that the road connecting site Q and warehouse D is not currently passable due to an upgrading process that is underway. This additional constraint needs to be considered in solving the problem. A company A that provides mobile services has been dominating a market for a long period. Suddenly, another service provider B emerges with reduced call rates alongside other benefits and he is providing very stiff competition in the market. The company A has noticed the sudden decrease in sales and the total revenue that has been recorded in the recent past and he has felt that something needs to be done. It has the options of reducing the call rates, increasing the advertisements, incorporating sales promotion techniques like offers, coming up with other attractive services within the network, as well as entering into partnership with companies that deal in mobile devices. The management has to come up with a model that is most appropriate in solving the problem that has emerged. All these alternatives have associated costs and benefits. A decision will be made that include one or more of the objectives following an extensive cost-benefit analysis Typical decision-making process Example 1 A 50ha farm is to be used for growing beans and maize. The manager of the farm has noted that the capital that is available to carry out the activity is $1800. It has also been reported that to cultivate a hectare of beans costs $45 while that of maize costs $30. A hectare can produce 50 bags of maize or 30 bags of beans. A bag of maize costs $25 while that of beans costs $40. The farm has been subdivided into 50 manageable subunits and it is desired that no unit contain a mixture of the two crops. The problem is to allocate the farm to the two crops so that a maximum return is obtained. Now, the manager has identified the problem and stated that the objective is to have maximum returns. The return will depend on the proportion of the farm allocate d to each of the crops. From the given data, a hectare of maize will return $1250 while that of beans will return $1200. Let B represents the hectares allocated for beans and M represents those allocated for maize. Then mathematically, the objective can be stated as: Maximize P= 1200B +1250M The next move is to identify the forces from within and from without that may affect the decision variables. Mathematically, the variables M and B cannot assume negative values. Then, the expenditure cannot exceed the amount that is available to be used. Lastly, the total number of hectares cannot exceed what is at hand. There is also a condition that B and M must not be fractions. Thus, we have a set of constraints that the above objective function must satisfy as follows: B, M= 0 B+M= 50 45B+30M= 1800, B and M are integers. The application of linear programming techniques on the above problem will give the optimal solution as B=0 and M=50. This implies that it will be more profitable to cultiv ate maize in the whole farm. The overall return, which is $62500, is the highest return that can be received given the restrictions. Effective Decision-making at Ford Motors Company: A case study Ford Motors Company is the fourth largest manufacturer of automobiles in the world. It is based in the United States and has operations in other foreign countries as well. The company lost the market share steadily in the period 1995-2009. On the hand, the company recorded an increase in share of its operations in the European nations. The difference was caused by the increase in the cost of the manufacturing facilities and increased wages in the United States and the increased cost of healthcare and the pension schemes that were practiced in the US. The company therefore developed certain strategies to improve its operations. The management adopted a strategic plan referred to as ââ¬ËONE Fordââ¬â¢ plan. This characterized by a spirit of One Team, One Plan, and One Goal. This included restructuring its operations so that it could still gain profit despite the decrease that was observed in the demand for such automobiles. As a move to reduce the cost, the company dismissed some of its employees and closed down some seven factories in the United States. It also shifted from manufacturing of large tracks and settled on a single line of small automobiles that have less fuel consumption. The management was responding to the energy crisis that was being experienced and the political wave that was advocating for vehicles with less fuel consumption. This showed the managementââ¬â¢s ability to identify and respond to external economic forces. Through the One Team plan, the management has succeeded in including all the stakeholders in the management process. There is a room for the opinions from the employees at the lower level. Other incentives like healthcare and employee benefit schemes were also put in place. The company also initiated programs that would give serv ices back to the community like the Ford Motor Company Fund and Community services. This was a way of building its reputation among the customers. Ford Motor Credit Company was a scheme started to offer loans and leases on cars. Effective decision-making has helped Ford Motor Company regain their lost share in the global automobile market. A strategic plan that was developed has improved the operations and sales of the company. The strategies that were adopted by Ford Company have seen the company increases its sales and surpass the other competitors like Toyota since FY2009. An Annual Report of FY2009 showed that the net income was $2.7 billion, the best result to be recorded since 2005 (para1). An increase of $7.3 billion was also observed in the pre-tax operating profit from the figure in 2008. The company is set to penetrate deeper into the market as it is set to more new quality product. Problems facing managerial decision-making process There are certain factors that threaten the process of decision-making, and which make it the most challenging task to the operations managers. However, most of these challenges can be eliminated by following the right decision-making procedures. Besides, the personnel that are to be involved in operation management need to be conversant with the necessary management techniques and their relevance to the particular organizations they serve in. Procrastination This refers to a situation where a decision has been made and a course of action taken that is of lower benefit to the organization. It refers to a failure to give higher priority to procedures that would benefit the organization the most and instead major on the low priority activities. For instance, it occurs when the management of an organization wanted to introduce a new product to replace an existing product. If proper prior analysis is not taken, it may turn out that the new deal is less productive than the previous one. The managers will then bear the blame fo r having misguided the organization. In order to prevent this, the operations managers should seek permission from the other top management concerning the course of action to be taken. This is one of the key steps involved in risk management. The manager must just accept the fact that his/her single opinion and knowledge may not be sufficient in managing risk. Instead, there is need for the manager to seek the understanding of the other managers on the matter that requires decision-making (McLucas, 2003, p7). The other managers could have gained a longer working experience and they are thus better placed to handle the situation. In effect, the top management will also be responsible for any negative effects that the decision could have on the operations of the organization. Besides, adopting the right decision-making procedures would help reduce the possibility of such cases. Lack of appropriate approach The decision-making process could be a nightmare if the personnel involved do n ot have the technical expertise that is required in formulating and implementing the procedures. If incompetent personnel is deployed anywhere in the process, then the process is deemed to fail and this will stigmatize the process. For instance, the problem can be well defined by the management. However, when it comes to gathering the relevant information, there may be no proper personnel to do the job. What will follow are decision-making procedures being carried out based on wrong data. Lack of clarity This is caused by the inability of the management personnel to give view clear of the problem to be solved. This often occurs when the manager is faced with a complex decision-making process. To ensure clarity, the manager should be able to break the complex problems down to simpler units and explain the implications of each decision procedure. In many cases, the objectives of a solving a problem will be described a mathematical expression. Firstly, there should be a clear conversio n of the problem into a numerical expression. Then the personnel should be able to give the implications of the mathematical expression to other members of the organization who are also included in the process. Everyone should be conversant with the model before contributing to the process. Fear of failure of the course of action taken There are time when then mangers are forced to make decisions amidst some unknown conditions. The general constraints that determine the course of action may not be available. The managers would then make the decisions but with a fear that they would probably. A typical approach to do away with such fear is to include the top management in the decision process. They should identify the risks and uncertainties that may impede the realization of the goals and objectives the have been set. Then there should be an analysis of a possibility of failure. A good implementation plan will include the likelihood/probability that such a program might fail followi ng the examination of the situations that had been experienced in the past. The advantages and disadvantages that are associated with such a decision should be outlined so that it should not be a surprise if anything negative happens. Types of decision-making The decisions that are made in an organization can be categorized in different ways. The decisions can be considered in terms of the parties that were involved and the degree of freedom that was given to the parties. It can also be categorized according to the information that was available during the decision-making procedures. The decisions can also be grouped according to the lifetime of the course of action to be taken and the period within which such a course of action is to be taken. In terms of the parties involved, the decisions can be categorized as being authoritative, consultative, facilitative, or delegative. A decision is authoritative if the decision-maker, e.g. the operations manager, has the sole mandate of maki ng the decisions. The other members of the organization have to follow the action plan that has been designed. This type of decision-making requires that the leader have the expertise that is required; otherwise, the decisions reached will not be beneficial to the organization. However, it has the advantage that the process does not take much time. In a facilitative decision-making, the principle decision-maker only leads the process and the other lower-level members of the organizations are involved. This is a typical of what can be termed as participatory management (McLucas 2003, p5). It has the advantage that the leader might get assistance from his/her juniors who might be better placed in handling certain emerging issues that may be addressed. Its odds are experienced when involving the junior staff brings in more ideas making the situation too complex to deal with. It also involves many people; therefore, much more time and resources need to be spent as compared to the author itative decision-making process. Besides, some of the staff may not be willing to share their views in the matter (McLucas 2003, p5). Consultative decision-making is similar to facilitative except that here the final decision still rests on the principle leader. It might as well be disadvantageous especially if the leader is not very competent. The consultations will require more time and resource just as the facilitative decision process. In delegative decision-making, the principle power distributes the decision tasks to the junior staff. This requires that the junior staff be conversant with the contents of the problems that need to be addressed. If the junior staff given such responsibilities are competent enough, then the delegative decision-making process will be faster and more reliable the others. Depending on the lifetime and implementation period, we could have quick decisions, permanent/irreversible decisions, temporary decisions, delayed decisions, conditional decisions, and experimental decisions. The permanent decisions are those that are made with a final ruling. They cannot be revised and they are to stay in the organization for a very long period. Such decisions will only be revised if other external forces eventually find their way into the operations of the organization. In many, permanent decisions are used when there were no alternatives from which the management could make a choice. On the other hand, the temporary decisions are made when there were several equivalent alternatives from which the choice could be made. They are subject to corrections in case the course of action that was taken is yielding any fruit. Delayed decisions have the same approach. A decision is arrived at, but the implementation is delayed for some period. During this period, the odds that can be associated with such a decision will be identified and the necessary reinforcement can be done before it is finally implemented. If the odds are found to be extreme, then it can be revised and other alternatives be examined. The conditional decisions are made when the alternatives that could be chosen are left open. The performance of the course of action taken is evaluated with respect to the other alternatives and further judgment can be made. The right course of action may not be clear to the management even though the destination may be visible. A typical approach would be to experiment on a particular objective and evaluate the results. If it turns out that the action are beneficial and can be implemented, then they are considered for implementation. Such an initial decision is experimental. Depending on the information that is available at the time of decision-making, the decisions categorized as decisions with certainty, decisions under risks, decisions under uncertainty, or decisions under unknowingness (McGuigan, Moyer Harris 2002, p49). A decision is under certainty if each of the possible alternatives is known to yield a particular patte rn. The decision is under risk if the alternatives are known to one of the many known outcomes with a given likelihood measure. The decision is under uncertainty if the above probabilities cannot be given. Finally, the decision is under unknowingness if the outcomes of the course of action taken cannot be known. The first two can be grouped as programmed decisions and the last two as non-programmed decisions. The programmed decisions are those that are regularly made. The managers can often relate the situations that had been experienced in the past and the decisions that were made to solve the problems. They are usually decisions that had been made in the previous cases and the management has set out procedures to be followed when similar situations are expected to occur. A course of action can then be developed from the experiences. For instance, the number of visitors to some beach hotel is known to increase during holidays. The manager can decide to increase inventory as well as the workers in order to be able meet the foreseen demand. The decisions here will be guided by the results that had been recorded in the past. It is not completely void of risk. Some of the conditions that prevailed in the past may have changed and so there may be a deviation of what occurs from what was expected. However, the risks involved can be estimated and evaluated against the consequences of the current situations. On the other hand, the non-programmed decisions are those that the management of an organization is forced to make following the external forces that are prevailing. They are not planned and do not follow a predefined guidelines. This is particularly because the causative factors may not follow a predictable pattern and so they are not based on any experience. Besides, the decisions do have an impact on the running of organizations since they usually involve an introduction of a completely different course of action. An example can be seen when the product of com pany loses fame in the market and the sales have reduced remarkably. The management has decided to abandon the product and deal in another one that is thought to be doing better in the market. Such decisions will only depend on the ability of the managers to react to complex and urgent situations arising in business. Much of it will rely on the intuition of the managers and their ability in making judgments. These decision-making processes are subject to many risks and should only be used when there is a need for it. Some techniques and tools used in decision-making process Effective decision-making process will require the application of various methods and tools. The decision-maker will be better placed in handling the process if he/she has a wide knowledge of these techniques. Cost-benefit analysis All the decisions that are to be made have associated costs and benefits. A good understanding of the techniques involved will help come up with a strategy (strategies) that has (have) the lowest costs and highest benefits. Decision trees This helps in identifying the relationships between different options Grid analysis The techniques here are applicable in a situation that deals with many alternatives. It helps choose an alternative from the many possible ones. Force Field Analysis This will help in identifying the forces that are for and against a course of action to be taken. Each force will have a weight, which will indicate its direction and strength in relation to the possible alternatives. Conclusion The concept of decision-making is an essential element in the management of every organization. It requires that the decision-maker be conversant with the various areas that would involve such decisions otherwise wrong decisions may be reached. There is also need to have decision-making process that includes a number of the stakeholder of the organization. Individual decision-making may pose problems to the manager should the initiative land the organization into a ditch. References Horvà ¡thovà ¡, P. (2010). The Use of Operations Management Procedures in Order to Increase Organizations Competitiveness under the Conditions of Growing Pressures of Globalization. An International Journal from Global Business and Management Research, Vol. 2, No. 1, 2010 pp. 33-40 Li, D. (2009). Relative Ratio Method for Multiple Attribute Decision-making Problems. International Journal of Information Technology Decision Making World Scientific Publishing Company, Vol. 8, No. 2 (2009) 289ââ¬â311. McGuigan, J., Moyer, R. and Harris, F. (2002). Managerial economics: Applications, Strategy and Tactics. Ninth edition. Cincinnati: Thomson Learning. McLucas, A. (2003). Decision-making: risk management, systems thinking, and situation awareness. Canberra: Argos Press. This research paper on The Decision Process in Operations was written and submitted by user Muhammad S. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Friday, March 20, 2020
Advanced French Verb Conjugation
Advanced French Verb Conjugation Conjugation refers to the five possible inflections of a verb: Person, Number, Mood, Tense, and Voice. Once youve made a choice from each of these five, you have a conjugation or inflection. For example:Verb - parlerPerson - first personNumber - singularMood - indicativeTense - presentVoice - active je parleVerb - allerPerson - third personNumber - pluralMood - subjunctiveTense - presentVoice - active quils aillentWhen conjugating a French verb, the first things to figure out are the tense and mood, which work hand-in-hand. All moods have at least two tenses (present and past) out of the possible 8 (only the indicative has all 8). The verb timeline lists moods horizontally and tenses vertically.The indicative is the most common mood and is normally not stated. When you talk about the passà © composà ©, the imperfect, or the present tense, for example, you mean of the indicative mood. Its only with other moods like subjunctive and conditional that the mood is stated explicitly.All m oods have a present tense, which is again not made explicit except in the indicative and participle (parentheses indicate what normally goes unsaid): present (indicative)(present) conditional(present) subjunctive(present) imperative(present) infinitivepresent participle So for example, the imperfect (indicative) and the imperfect subjunctive are two different moods of the same tense. On the other hand, the (present) conditional and the past conditional are two different tenses of the same mood. The verb timeline can help you understand this, because it lines up moods and tenses so that you can see how they all fit together. X axis Y axis verb form and basis of individual conjugations. Voil - now that you understand the basics of French verb conjugation, study the lessons on individual tenses and moods (linked from the verb timeline) to learn more, or visit my French grammar glossary. Tricky Subjects When you understand subject pronouns, tenses, moods, and how to conjugateà French verbs, youre in great shape. There are however some grammatical subjects which make conjugation a bit more difficult. Multiple Subjects When you have more than one subject, you have to figure out whichà subject pronounsà would replace that group and then conjugate the verb accordingly. For example,à toi et moià would be replaced byà nous, as wouldà David et moi.à Toi et luià andà Michel et toià would be replaced byà vous.à Lui et elleà orà Marc et Anneà would be replaced byà ils. The trick is to make this replacement in your head without actually saying it out loud, as denoted by the (parentheses):à à à Toi et moi (nous) pouvons le faireà à à You and I can do ità à à Paul, Marie et moi (nous) mangeonsà à à Paul, Marie, and I are eatingà à à Toi et elle (vous) à ªtes en retardà à à You and she are lateà à à Sophie et toi (vous) devez partirà à à You and Sophie have to leaveà à à Luc et sa femme (ils) sont arrivà ©sà à à Luc and his wife have arrivedà à à Lui et elle (ils) lisent beaucoupà à à He and she read a lot Subject +Object Pronoun In a construction with anà object pronoun, usuallyà nousà orà vous, there is sometimes a tendency to conjugate the verb according to it, rather than to theà subject pronoun, because the object directly precedes the verb. Though this tends to be a careless mistake made orally rather than a lack of understanding, its included here just as a little reminder.à à à Je vous ai donnà © la listeà à à I gave you the listà à à xx Je vous avez donnà © la liste xxà à à Vous nous avez mentià à à You lied to usà à à xx Vous nous avons menti xx Cest... qui The constructionà cestà à stressed pronounà à quià makes many people - including at times native French speakers - want to use the third person singular verb conjugation because ofà qui. But this is incorrect; in fact, the conjugation has to agree with the pronoun.à à à Cest moi qui ai gagnà ©Ã à à Its me that wonà à à xx Cest moi qui a gagnà © xxà à à Cest vous qui avez tortà à à Youre the one whos wrongà à à xx Cest vous qui a tort xxà à à Cest nous qui allons le faireà à à Were the ones who are going to do ità à à xx Cest nous qui va le faire xx Pronoun + Qui Similar to theà cest... quià construction is a subject orà demonstrative pronounà à qui. Again, theà quià makes people want to use the third person singular, but once again the conjugation has to agree with the pronoun.à à à Vous qui avez mangà © pouvez partirà à à Those of you who have eaten may leaveà à à xx Vous qui a mangà © pouvez partir xxà à à Ceux qui veulent aider doivent me voirà à à Those who want to help need to see meà à à xx Ceux qui veut aider doivent me voir xxà à à Je cherche celles qui à ©tudientà à à Im looking for the ones who are studyingà à à xx Je cherche celles qui à ©tudie xx Collective Subjects Collective subjects can take the third person singular or plural: à à à Un tas de fleurs sont mortes / Un tas de fleurs est mortà à à A bunch of flowers diedà à à Un grand nombre de livres ont disparu / Un grand nombre de livres a disparuà à à A large number of books disappeared Adverbs of Quantity Adverbs of quantityà take the third person singular or plural, depending on the number of the noun that follows: à à à Beaucoup dà ©tudiants sont arrivà ©sà à à A lot of students have arrivedà à à Peu de pluie est tombà ©eà à à Little rain fellà à à Combien de livres y a-t-ilà ?à à à How many books are there?Also see ...dentre... below. Indefinite Pronouns Indefinite pronounsà always take a third person conjugation (either singular or plural, depending on the number of the pronoun).à à à La plupart a dà ©cidà ©Ã à à Most have decidedà à à Plusieurs sont perdusà à à Many are lostà à à Tout le monde est là à à Everyone is thereAlso see ...dentre... ...dentre... When anà adverb of quantityà orà indefinite pronounà is followed byà entreà à personal pronoun, many non-native French speakers (including myself) want to conjugate the verb according to the personal pronoun. But this is incorrect - in this construction, the verb has to be conjugated to agree with what comes beforeà entre, not what comes after.à à à Certains dentre vous ont oublià ©Ã à à Some of you forgotà à à xx Certains dentre vous avez oublià © xxà à à Beaucoup dentre nous sont en retardà à à Many of us are lateà à à xx Beaucoup dentre nous sommes en retard xxà à à Chacun dentre vous peut le faireà à à Each one of you can do ità à à xx Chacun dentre vous pouvez le faire xx
Wednesday, March 4, 2020
How to Cure a Hangover After a College Party
How to Cure a Hangover After a College Party The history of alcohol is a bit sketchy. While no one knows exactly when the first alcoholic drink was developed, archeologists have found proof of a fermented drink made from rice, honey and fruit being consumed 9,000 years ago. The date alcohol was invented may not now be known but one thing is ââ¬â the following day the hangover was discovered. Since then, people have been searching for the perfect fix. Top 5 Hangover Cures Here weve collected the Top 5 Hangover cures history has to offer as well as a look back to some that have (thankfully) stayed buried in the past. H2-Oh My Aching Head Whatever hangover cure you try, be sure water plays a role. Alcohol dehydrates your entire body and what it really needs is to replace that lost fluid. So begin your day by sipping ââ¬â not chugging ââ¬â a tall glass of water. Pro tip: drink water in between alcohol drinks. Toast Tea The healing powers of a simple breakfast have long been heralded as a hangover cure. In 1896, writer Guy Beringer wrote an article extolling the virtues of a mid morning meal as a hangover cure. He insisted it would make life brighter for Saturday-night carousers and could sweep away the cobwebs of the week. While the thought of food may not be especially appealing first thing The Morning After, having some carbs in your stomach can help ease the roller coaster of nausea. Including a beverage like plain tea or even ginger ale can also help to settle the stomach. Plop, Plop, Fizz, Fizz Effervescent tablets like Alka Seltzer have been a hangover standby for years. The fizzing bubbles and sodium bicarbonate (aka Baking Soda) will help to settle your stomach but make sure you dont bolt the glass down like a shot. The aspirin and citric acid could irritate your stomach if you drink it too fast. Get in Touch With Your Feminine Side Taking pain relievers developed for PMS can help with hangovers as well. Pain killers include a mix of pain relievers, diuretics and caffeine to help with cramping, pain and bloating. Each of them also helps to alleviate the symptoms of a hangover more effectively than pain relievers on their own. Gentle Exercise While this isnt the time to start training for your Iron Man marathon, some slow and gentle exercise can help the Morning After. Do something simple like stretching or a short walk to get your blood moving. This should only be done once youve had some water and a small amount of food. If you begin to feel dizzy or nauseous, rest and have some more water before trying it again. Weird Hangover Cures From History Every culture has their own rich history of how to cure a hangover. Throughout history, every corner of the globe has offered up their own version of a magical cure. While these five cures have stood the test of time to achieve mainstream acceptance, other cultural cures havent quite caught on. An ancient Scottish cure is called the Highland Fling. Heat a pint of buttermilk and add in a tablespoon of cornstarch. Season with salt and pepper and drink while still warm. Romanians swear by eating tripe ââ¬â a cows stomach boiled in a salty vegetable broth and seasoned with vinegar and cream. Some swear it cures a hangover by expelling the poisons while others insist the thought of having to have it the next morning keeps your drinking under control the night before. One home remedy from Puerto Rico calls for the patient to run a slice of lemon or lime under their drinking arm before they head out for the night. The Ancient Romans ââ¬â notorious for the drinking and excess ââ¬â prescribed a breakfast of sheep lungs and owl eggs to cure the morning after headache. American cowboys back in the day used to shake off the excess from the night before by starting their day off with a special tea brewed with rabbit droppings. Although these cures are more likely to result in laughter from friends than actual help, the fact is that only one thing can actually cure a hangover ââ¬â time and water. A hangover is your bodys way of trying to rid itself of the poison ââ¬â er, lovely alcohol ââ¬â you were nice enough to share with it the previous evening. While trying the hangover cures from this article may help shorten your hangover, the best bet in the future is to simply not drink to excess or schedule the following day off from work so you can rest and get plenty of fluids. Have a surefire hangover cure thats worked for you in the past? Share it in comments. Image credit: Warner Bros Pictures.
Sunday, February 16, 2020
Warrant less wire tapping violation of rights Research Proposal
Warrant less wire tapping violation of rights - Research Proposal Example the United States, 389 U.S. 347 (1967) in which wire-tapping was identified as unreasonable search that should only be conducted with a warrant (Duke University 1). There are, however other legal provisions that warrant wire-tapping violation of rights that the fourth amendment provides for, based on the 1967 judicial interpretation. ââ¬Å"Inevitable-discovery doctrine and the good-faith doctrineâ⬠are examples that compromise the fourth and fifth amendmentsââ¬â¢ protection of privacy and application of associated information as evidence against a subject (Hess & Orthmann 95). It is therefore necessary to investigate validity of such exceptions and the proposed study will investigate the following research question. The study will use survey design and collect data through focus group. The group will consist of two sets of people: defense layers with a minimum of ten years experience and experience in a wire tapping case, and professors in human rights law. Discussion will focus on the participantsââ¬â¢ knowledge on wire-tapping violation of rights and their opinion on validity of existing and possible laws that allows for wire-tapping violation of rights. Data will be analyzed
Monday, February 3, 2020
Long Australian (New South Wales) contract law scenario Is Seymour Essay
Long Australian (New South Wales) contract law scenario Is Seymour bound to his contracts with Agnes and with Krustylu - Essay Example However section 52 provides a general prohibition against misleading or deceptive conduct in commercial activities. Whether the violation of contract might also be breach of section 52 is a significant issue. The basis of such argument is the consideration that contractual promises are obligations which contracting parties have undertaken to fulfil, and to enter in to a contractual undertaking and subsequently fail to adhere to it is misleading with in meaning of section 52. There have been several cases (FN2, FN3 and FN4) in which consideration has been given to the scope of section 52. However, if the agreement is signed without consideration of moral principles guided or defined as per Australian contract law there is a sufficient ground for the client to seek for the relaxation. As the Seymour Skinner was forced to sign the agreement or contract which is nothing but violating the legal principles of contract, he is not bound to the contract with Agnes and Krustylu Television Studios to full extent. It has to be assessed whether an unfulfilled contractual promise itself as opposed to a defect in the promise constitutes a breach of section 52. Several cases revealed that an unfulfilled promissory contractual term to be declared as misleading needs to be argued under long Australian contract law (FN5). ... Breach of this contract is recognized by the law and legal remedies can be provided.Once the legality of the contract is maintained, then any party who signed the contract have to obey the contract. The agreement between Seymour and Agnes and Krustylu Television Studios clearly violated the legality, hence it comes under illegality of Australian contract law. Any person involved intentionally under this contract may be punished and the person who was forced to sign will be given sufficient chance to represent his case. Once the judicial body finds sufficient ground in defence of client, it may reconsider or review the contract and may declare the contract as void. (2) This contract comes under violation of principle of performance and breach. Australian courts have not definitively established the non-fulfilment of a contractual promise as conduct itself being misleading with in section 52 (FN7). As long as the "conduct" definition (FN8 and FN9) is satisfied, the person violating or non-fulfilling contractual promise will be charged under misleading conduct. Other wise section 52 of Australian trade Practices act relaxes the condition for client. It will provide enough opportunity for client to represent his case and show sufficient proof of not meeting the definition of "conduct" by the other party under the contract. (3) This contract has not obeyed the principle of undue influence. Seymour has been put under pressure to sign the contract. Even though Seymour Skinner admits that his mother was behind his successful career, it is not proper to expect that Seymour should sign a trade contract in favour of his mother Agnes. As it is the responsibility of any mother to shape the career of her children it is not to be linked with trade
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