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Risk assessment plan

19 pages (4750 words)
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... Lifecycle Engineering Lecturer: Address: Q1. Risk assessment plan outline In coming up with a risk management plan, there are several steps involved. The first step is identifying the risk factors involved. In this stage, the event, probability, impact, contingency, reduction and exposure is established. The event simply means an act or incidence that might happen, probability defines the likelihood of an event occurring, impact is the consequence of an event happening. Mitigation happens to be how much the probability of an event may be reduced. Reduction is represented mathematically as the product of mitigation and contingency, whereas exposure is the result of reduction subtracted from risk. In...

Cost Benefit Analysis

12 pages (3000 words)
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... Econ 361 DE – Problem Set Two Questions Question a. Use a diagram to illustrate the deadweight loss that, in the absence of government intervention results from information asymmetry. Solution: A deadweight loss refers to specific forms of benefits that consumers or producers lose due to inefficiency within market operations. In most cases such inefficiencies are caused by monopoly pricing or taxation (Brent 89). In other words, a deadweight loss can be termed as the total surplus resulting from market distortion especially from the side of government regulations on prices and in most cases the levied taxes. Asymmetric information can lead to disappearance of markets or rather inefficient allocation ...

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Business and managerial economics

3 pages (750 words)

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... 7 Short answer questions 7 marks each (49 marks) Assume that England is producing at a point on its PPF. Specify whether the following events will cause a movement to another point along the frontier or a movement to a point within the frontier:
a) Truck-drivers block interstate highways in protest against lower speed limits for trucks. This will cause of a movement to a point within the frontier. The delayed delivery of some input for production will limit the production of some goods.
b) Nurses strike for higher pay and better working conditions. As less nurses will be working, this will cause movement to a point within the frontier.
c) A lot of households join a back-to-nature movement in w...

Project Evaluation

5 pages (1250 words)
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... Head: PROJECT EVALUATION Project Evaluation School Contents INTRODUCTION 3 ANALYSING THE FEASIBILITY OF THE PROJECT 3 JUSTIFICATION ABOUT THE METHOD USED TO EVALUATE THE PROJECT 4 OTHER FACTORS THE COMPANY MIGHT CONSIDER 6 CONCLUSION 7 Reference List 9 Appendix 10 INTRODUCTION This report analyses one of the projects that Salsbury is analyzing to invest. Salsbury is a nationwide chain of supermarkets and it is evaluating whether it should start a new retail store on the outskirts of Dingwall or not and for this purpose, the report discusses the feasibility of the retail store. The management uses one of the most widely used project evaluation techniques, Net Present Value (NPV) to evaluate the...

Decision-Making Models

22 pages (5500 words)
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... Models
Probabilistic simulation
Part A
The results in the Table 1.7 were generated with the use of Monte Carlo simulation. According to Heizer and Render (2006) Monte Carlo simulation involves carrying out chance related experiments using random sampling techniques. The technique revolves around five (5) simple steps. These steps are:
i. Setting up a probability distribution for each of the three variable – material cost, labor cost and utilities cost
ii. Preparing a cumulative probability distribution for each of the three variables
iii. Establishing random number intervals for each of the three variables
iv. Generating random numbers
v. Simulating a series of trials – in this case ten (10) trials...

Math Problem

3 pages (750 words)
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... Problem a) Using synthetic division: -3 3 5 -6 18 -9 12 -18 3 -4 6 0 2 3 -4 6 6 4 3 2 10 As zero remainder is received when dividing by -3, x = -3 is a zero Division by 2 produced the non-zero remainder and, therefore, x = 2 is not a zero.
b)
-4
3
11
-2
8
-12
4
-8
3
-1
2
0
2
3
-1
2
6
10
3
5
12
As zero remainder is received for the synthetic division by -4, x = -4 is zero and (x+4) is the factor of the given polynomial. However, the subsequent division by 2 produced the non-zero remainder. x=2 is not a zero.
2.
a) For f(x) = 2x 3 -5x2-4x+3 from the Rational roots test we can suggest that +/-3 (multiple of the factor 3/2) can be the possible solutions. Using synthetic division we find ...

Economic growth

2 pages (500 words)

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... Growth 4(a) Y = Output per worker K = Physical capital per worker A>0 =Product parameter is constant Y = AK^0.5 Considering the level of capital that is the golden rule, then y = n + δ. Given parameter values and the capital per person the result is:
y= (1/2) K^1/2 = (1/2) * 4^1/2 = 0.25 > n + δ = 10
For a country or a particular area to develop, it is important to ensure that the product parameter is always positive and thus the reason why it has to be above zero at all times. Having a negative product parameter leads to a negative result that is not the goal of any country. Physical capital is vital for any organization for it shows the amount that the person ventured into the business bearing. Th...

Algebra Math Problem

6 pages (1500 words)
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... Final Project The system of linear equations may be applied to mixture problems in which itemsof various types or grades are sold at distinct values. This is particularly useful for starting entrepreneurs who consider establishing business on a small-scale with simple calculations carried out. Application: Matthew would like to put up a small coffee-bean store selling two special varieties of coffee – Arabica(M) and Robusta(H). He estimates obtaining profit from each kg of Arabica(M) worth $10.50 and from each kg of Robusta(H) costing $9.25. If he desires to have 2500 kgs of bean-mixture sold for $9.74 per kg, how much of each kind must be present in the mixture? Solution: Let x = the quantity of...

College Math Math Problem

2 pages (500 words)

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... Problem a) I constructed the first linear function based on the municipal solid waste data for 1970 and 1997 and the second linear function based on the data for 1980 and 1997. A dependent variable is the annual production of municipal solid waste in million tons. An independent variable is the number of years after 1960.
Based on the municipal solid waste data from the graph, I received such numbers for independent and dependent variables for the models.
Model 1
Model 2
Dependent Variable
Independent Variable
Dependent Variable
Independent Variable
121
10
152
20
217
37
217
37
Model 1:
121 = a + b*10
217 = a + b*37
The solution is a=85.4, b=3.56. Therefore, the first linear function is:
Annual MSW ...

Microeconomics Math Problem

2 pages (500 words)

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... Total Revenue = 200 * 40 = $8000 Total Costs = 2 2 4 = $10,000 Fixed Costs = 2+2 = $4000 Total Variable Costs = 4 1 = $6000 Overall Loss = 8000-10000 = ($2000)
Looking at the data, one might say that it is not feasible for the company to be flying between the two cities as it implies a loss of $2000 (Total Revenue - Total Cost). However, rationality of the situation according to the economic analysis is that the firm should continue to operate and should fly between the two cities in the short-run. The rational behind this decision is the fact that in this case firm is covering all its variable costs and generating revenue which is greater than total variable costs. This means that firm is contribu...

College Math Master Math Problem

2 pages (500 words)

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... Math Written by Bipin Musale We first try to solve the first problem. In one rotation of the wheel the distance traveled by it when it rolls along a road is equal to the circumference of the wheel. In other words when the wheel travels a distance equal to its circumference it completes one rotation.
Therefore, the number of rotations when the wheel with diameter of 15 inch travels a distance of 2000 miles is approximately equal to (2000 X 1760 X 3 X 12) / (3.14 X 15) i.e. 2,690,446.
The number of rotations when the wheel with diameter of 16 inch travels a distance of 2000 miles is approximately equal to (2000 X 1760 X 3 X 12) / (3.14 X 16) i.e. 2,522,293.
Since the number of rotations for the whee...

Corporate Finance Math Problem

8 pages (2000 words)

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... FINANCE TABLE OF CONTENT PAGES Mini-Case 03 Free Cash Flow 05 Uses of FCF 05 Mini Case II 11
Mini Case 3 16
Mini Case 4 25
Mini Case 5 39
Mini Case 1:
Ans 1): After comparing the financial records of both years, we observe that the expansion didn't come up with a positive result because the company envisaged a big loss after it enjoyed profit a year before.
SALES IMPACT
2006
2007
Sales $
3432000
5834400
Difference = (Sales 2007-Sales 2006)
2402400
Percentage Increase/Decrease = (Difference/Sales 2006)
70
However, as far as the sale is concerned, then we can see from the financial statement that the sales are surged by $2.4 million or 70% FY 2007 as compare...

Maths problem

1 pages (250 words)

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... Question i) Given Let So that And dx = 2udu Substituting these values to the first term: Replacing u withThe definite integral is thus
ii) Given
Let y = x+2
And thus dy = dx
Substituting for y and dy
Then
Let u = ln y
Then
Substituting for u and du
Therefore
= 5(ln y)2 + c
= 5 [ln(x+2)]2
iii) Given
Let u =
Hence
Recall that u =
= (6.93 – 13.86) – (3.77 -11.31)
= -6.93 – 7.54
= 0.61
iv) Given
Expanding the denominator
Since the denominator is a quadratic equation, the integral becomes:
Question 2
Given
Inverse Supply function as P=6 + Q2/4 and inverse demand function P= 51-Q2
Graphically, consumer and producer surplus are indicated as below.
As shown in the diagram above,...

Revenue Math Problem

3 pages (750 words)

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... Revenue Introduction The importance of forecasting cannot be adequately emphasized. The information obtained from the hotel association outlook for the future as well as other industry information is very useful in determining the revenues that can be achieved based on the economic situation in the industry and in the environment generally. The property information indicates that this hotel is very distinct from its competitors. It has a superb architecture that if properly highlighted will not only woe customers but provide a opportunity for a higher average daily rate (ADR) than its competitors. Even though the property has never been renovated none of the hotels in its rating category has any...

Problem Solving-Research Paper

3 pages (750 words)
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... 2. Define population, sample, parameter and statistic; concepts of population and sample Population refers to the set of all individuals which the researcher wishes to study. Sample is the group of individuals which is a subset of the population who are selected for the study. For the results of the study conducted on the sample to be held true for the entire population, the sample should be a representative sample – that is, it should possess the same characteristics as the entire population, or as close to it as possible. A statistic is a characteristic that describes a sample; a parameter is a characteristic that describes a population. The statistic for a sample usually corresponds in value to...

MATH Math Problem

1 pages (250 words)

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... Answers for multiple choice questions are highlighted in yellow Exam Part II Start 29 Oct 2008 at 11:00 PM Due Nov 2008 at 01:00 AM
Student Access after Due Date: No
Graded: Yes
E3-6
Affleck Company accumulates the following adjustment data at December 31.
Instructions
For each of the items indicate the following.
(a) The type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense).
(b) The accounts before adjustment (overstatement or understatement).
1. Services provided but not recorded total $750.
2. Store supplies of $300 have been used.
3. Utility expenses of $225 are unpaid.
4. Unearned revenue of $260 has been earned.
5. Salaries of $900 are unp...

Automation Tools Math Problem

11 pages (2750 words)

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... a VBA might be created within Excel by recording a macro. Even so it often proves necessary to resort to hand coding. Provide threeexamples where hand coding rather than recording a macro is required to accomplish a particular task. You might wish to consider for example the use of variables or how 'selection' and 'iteration' are accomplished.
Answer 1(a):
1. The below code snippet puts the system's current date and time value in cell B1 of active sheet, whenever the workbook, containing this code fragment, is opened.
Private Sub Workbook_Open()
Dim d As Date
d = Now()
ThisWorkbook.ActiveSheet.Range("B1").Value = d
End Sub
Output:
2. The below code snippet selects the used range of th...

Managing Finance Math Problem

4 pages (1000 words)

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... Part (a Fixed Costs = Rate + Advertising + Maintenance + Salaries & wages + Heat & Light + Administration + depreciation of hotel andrenovation per year
= 400,000 + 300,000 + 59,000+ 1,500,000 + 250,000 + 291,000 + 2,800,000
= '5,600,000 annual or '15,385 per day
Number of Estimated Sales = (100 rooms * 70%) = 70 rooms
Contribution Margin per unit = Fixed costs/number of estimated sales
= 15,385/70
= '219.785
Variable Costs per guest per night = Breakfast + Evening Meal
= 2 + 6
= '8
The price charged by hotel per guest night should be = 219.785 + 8
= '228
Part (b):
Suppose the sales of the consortium at breakeven is = (228 * 70)*...

Assignment 3 High School Math Problem

6 pages (1500 words)

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... The profits of the firm at three different output levels are the following: Production (units) Profits 40 2800 50 3900 60 4800 a. Find a quadratic function relating production to profits.
General form of quadratic equation: y = ax2 +bx + c
Substituting the given with production(y) as a function of profits(x):
2800 = 1600a + 40b + c (1)
3900 = 2500a + 50b + c (2)
4800 = 3600a + 60b + c (3)
We now have a system of linear equations. Rearranging and forming the matrix, we have:
B3_3 = 1600 40 1 2800
2500 50 1 3900
3600 60 1 4800
S...

Personal Finance Concepts Math Problem

2 pages (500 words)

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... Review your tax return for last year and answer the following questions: Let's assume that the tax rate in my is 9% and my incomeis roughly $50,000 a year.
Could any income have been deferred to this year If so, how much tax could have been saved Multiply the amount deferred by 15% or 28%, depending on your tax bracket.
Yes, about $5000 could have been deferred. The amount of tax saved thus could have been
450 dollars multiplied by 15% according to my tax bracket.
(45000*.09=4050 4500-4050=450 450+(450*.15)=517.5)
Could you have reduced taxes on dividend income by moving part of your investments to tax-free municipal bonds If so, how much tax could you have saved
If I had moved $...

CASE PROBLEM 1 WAGNER FABRICATING COMPNAY.docx

2 pages (500 words)

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... Greenberg October 22, 2008 Wagner production analysis Should investment capital be used to create increase production of Part(p) now ordered from outside sources. Gross savings on production at a price of 17 $ versus 18 $ would result in a savings of 12853 $ however after allowing for 2 week inventory safety margin backup supply the savings would be decreased by 4250$ with holding and insurance costs continuing. If investing in this new production is solely based on the production of part p we would not advise investing in increased production facilities.
However it has been determined that out of the 250 day work year 22 cycles or production runs would need to be made keep a steady production util...

Finance and Accounting Math Problem on Cooperate Finance

4 pages (1000 words)
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... The total cost of the trip is $10,000. However in order to have the total amount for the trip; there are two ways to accumulate the amount; contribution from the parents and gift from Aunt Hilda. The contribution of the parents would be $5,000. As this investment would be required in some future time, therefore the future value of the investment will be calculated. Future value shows the future worth of the money invested today after some specific period of time (Ross, Westerfield, and Jordan, 2009). Contribution from the parents would be invested at 6% annually for a period of 3 years. However the remaining amount will be raised from Aunt Hilda’s gift. So, at the moment, the future value of the...

Capital Budgeting: Cash flow projections of Bauer Industries

3 pages (750 words)
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... Budgeting Table of Contents Problem 23 a) 3 Problem 23 b) 4 Problem 23 c) 5 Problem 23 d) 6 Reference 8 Problem 23 a) The free cash flow projections of Bauer Industries for the next ten years period are (in million Dollars): Years 0 1 2 3 4 5 6 7 8 9 10 Revenues 100 100 100 100 100 100 100 100 100 100 Manufacturing expenses 35 35 35 35 35 35 35 35 35 35 Marketing Expenses 10 10 10 10 10 10 10 10 10 10 Depreciation 15 15 15 15 15 15 15 15 15 15 EBIT 40 40 40 40 40 40 40 40 40 40 Taxes (35%) 14 14 14 14 14 14 14 14 14 14 Unlevered Net Income 26 26 26 26 26 26 26 26 26 26 Depreciation 15 15 15 15 15 15 15 15 15 15 Increases in Net working 5 5 5 5 5 5 5 5 5 5 Capital expenditures -150 Continuation...

Multiple criteria decision analysis

7 pages (1750 words)
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... Bank Selection using MCDA This project is about Bernard who would does not know the best bank to take a mortgage with. Therefore, he decides to use MCDA to help him select the best bank. He therefore lists the important factor to consider when selecting the bank as: - 1) interest rate 2) Flexibility in payments 3) duration 4) Guarantees. In connection to this the main aim of this project is to use MCDA to solve the problem.
Contents
Contents 3
1.0 Introduction 4
2.0 Aim 4
3.0 Objectives 4
4.0 Background of MCDA 5
5.0 Methodology 5
6.0 Main assumption 5
7.0 Results 6
7.1 Interest rate analysis 6
8.0 Discussion and Sensitivity of results 6
8.1 Multi – Criteria Decission Analysis 6
8.1.1Legal cost. 7
8...

Extended Mathmatical Study

8 pages (2000 words)

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... paper provides a background research into geometric series. Further on it continues with notions of harmonic series and harmonic numbers in order to investigate the problem known as the Leaning Tower of Lire, or Book Stacking Problem set in the end of the paper.
Geometric sequence has been known in human history from the very ancient times. One of the first researchers to analyse geometric progressions and some of its properties was Euclid (Elements, books VIII and IX). A sequence is called geometric if every of its terms starting from the second can be found as product of the previous term and a number, different from 0 and same for the whole sequence, called common ratio. Mathematically geometric s...

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