the relationship between changes in activity and changes in total revenue‚ expenses and net profit’ (Drury‚ 2000)‚ it is a very useful tool for managers to consider cost structure and price setting. When used in computer applications the method helps managers to make decisions based on the results by varying different variables such as selling price‚ variables cost‚ etc. This altering of variables to determine the net effect of changing original estimates is called sensitivity analysis. Using the computerized
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Ethanol Production Ethanol is the type of alcohol found in alcoholic drinks such as wine and beer. Its chemical formula is: C2H5OH. Glucose from plant material is converted into ethanol and carbon dioxide by fermentation. The enzymes found in yeast (single-celled fungi) are the natural catalysts that can make this process happen. Here is the word equation: Sugar → Ethanol + Carbon Dioxide
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What is Production Function? Definition and Explanation: ‚ Production of goods requires resources or inputs. These inputs are called factors of production named as land‚ labor‚ capital and organization. A rational producer is always interested that he should get the maximum output from the set of resources or inputs available to him. He would like to combine these inputs in a technical efficient manner so that he obtains maximum desired output of goods. The relationship between the inputs and
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Briefly explain the “Treadmill of Production”. What are some indicators mentioned as outcomes of the treadmill of production? The Treadmill of Production refers to the emphasis on a system that must continue to grow and with that growth continues to produce more products and services which require more energy and resources. Along with this increasing production consumer waste also continues to grow. Some of the indicators mentioned as outcomes of the treadmill of production are the following: the number
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media portray accounting numbers‚ such as profits‚ as some sort of ‘hard’ and objective performance indicator? Why do you think they might do this‚ and‚ if they do‚ what are some of the implications that might arise as a result of this approach? In making this judgement‚ students should consider the various articles that frequently appear in newspapers and various discussions that occur on television and radio in relation to an organisation’s profits.
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dispose of any remaining kit inventories. Neither capacity nor inventory has a salvage value after the lab shuts down. Marketing has sketched the expected demand trend shown in Figure 1. Figure 1 Although marketing is confident of the rough shape of demand‚ there is not enough marketing data to predict the actual peak demand at this point. It will depend on how fast demand starts growing after day 60. Management’s main concern is managing the capacity of the lab in response to the complex demand pattern
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Reference: Operations Management by Mark A. Vonderembse and Gregory P. White. The Product Layout and System Capacity The capacity of a product-oriented system can be visualized as a series of pipes of varying capacity‚ with the smallest diameter or capacity holding back the entire system. Exhibit 9.3 illustrates five pipes (departments or machines) with different diameters (capacities). The output from one pipe becomes the input to the next until the finished product exits pipe number five
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prevented many farmers fertilising their crops heavily. Two villages have been able to overcome poor road access. • Informal marketing work well enough: traders make small margins on the onions they buy and sell. • Farmers are reluctant to co-operate in production or marketing; yet the irrigation depends on local water associations and these function. • Government and donor roles have largely been keeping the peace‚ a stable macro-economy and investing in physical infrastructure — the roads‚ and upgrading
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onomics 1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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-VW VW Ao A1 O Z -VW V= VW+VT N Workpiece Chip VT Cutting tool X Y Ao b=f N VT Absolut velocity a VW = f (x‚ y‚ z) VT = f (x‚ y‚ z) Basic condition of cutting Forces in the material of workpiece and tool makes strain that makes elastic and plastic deformation. (σ1 ) W ≥ (R m ) W (σ1 )T ≤ (σm )T HVT ≈ ( 3 ÷ 5 ) ⋅ HVW Main parameters of cutting procedure V V Vc=Vy Chip Vc=Vy O Z VZ X Y N N VX VX Cutting tool Workpiece
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