16.1 Combining Beliefs and Desires under Uncertainty
Our understating of the world is mostly constrained by the lack of enough information and uncertainty of different outcomes. Despite this incompleteness and uncertainty we have to act and make conclusions. Decision theory is concerned with recognizing the qualities, vulnerabilities and different issues important in a given choice, its consistency, and the ensuing ideal choice, in an episodic environment [1]. In an episodic environment, the execution of an agent is subject to various discrete occurrences, with no connection between the executions of an agent in diverse situations. Episodic situations are less complex ...
Utility Reports Samples For Students
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Introduction: A brief history on the evolution of grid technologies.
The Smart Grid is the backbone of all major innovations, policies and regulations included in the power grid since its creation in the 1880’s. The power grid is an electric network of power sub-stations, transmission lines, transformers, and other equipment and facilities used by power suppliers to deliver electricity from the power generation plant to homes and commercial entities.
When power grids started being built for electricity distribution, the demand for devices to measure consumption rose. The need for these devices was to help electricity suppliers in distribution, pricing and monitoring of their services. However, the path ...
Software design is the process of developing software and applications for different users and for different purposes. A successful software is one that is easy to use and user friendly. It is, therefore, important to study the users of the software, identify their needs and priorities them. Users vary and are of different categories, these users will have different needs and preferences. The attainment of a reliable and a good system is entirely based on the consideration of the user at each step of the design process from the beginning to the final design of the system.
Successful software companies have ...
Introduction
Nestle has become a source of scorn and resentment for many after draining the wells of a community in a developing country in an attempt to chase profits and deliver bottled water at a far higher price to others within the country. The fact that this isn't the first occasion on which Nestle has drained an aquifer and prevented the local community from accessing their water supplies did nothing to help the companies case.
Situations like this pose ethical issues for companies that are more than just a matter for discussion in class, situations that have real world consequences. It is clear that ...
1.0 Introduction
The project report encompasses the analysis of marketing decisions in a smartphone marketing company as well as product mix utilizing the simulation game. Firstly, it will give brief background information on the online marketing tool, Simbrand, and the marketing company, Team Grey. After that, it will outline the methodologies used in the report. Subsequently, the study will analyze the market by evaluating its environment, segmentation and the targeting strategy. Afterwards, the study will embark on a comprehensive analysis of six rounds over which the company collected market and products data and eventually produced relevant reports. In the ...
Business Opportunity Analysis
EXECUTIVE SUMMARY
The following report is a business opportunity analysis for AtlanTech Resources Limited, for the purposes of determining the feasibility of lowbush blueberry moisture sensors as a viable addition to our family of products. Given the decreasing rate of sales that exists currently within the company (8% annual decrease), a new product must be released in the next three years to sustain the viability of our current business model; this report discusses the viability of the lowbush blueberry moisture sensor in fulfilling that role.
The existing market research and need for the product is established, as well as the ...
Introduction
Alternative renewable energy continues to grow popularity because of the upsetting climate change caused by greenhouse gases, exhaustion of non-renewable energy resources and rising global demand for energy. Renewable resources of electricity production are vital progress and are fundamentally motivated by cost.
Solar energy is clean and profuse that is why it is the best among the available substitutes. The modern solid-state photovoltaic (PV) technology began in 1954 upon the discovery of silicon (Si) diodes photovoltaic effect . Crystalline Si and a wide range of thin film solar cells, which are inorganic, are the prevailing photovoltaic technologies employed nowadays .
...
Which of these 8 cost categories would be considered variable, and why?
Costs which we expect to vary directly with production would be classified as variable. Costs which would remain fixed would be classified as fixed costs. Costs which vary but not directly would be classified as mixed costs.
Looking at the costs, Direct materials, other expenses which seem to vary with production levels and machine operators (assuming these are paid on hourly basis) would be classified as variable cost.
Which of these 8 cost categories would be considered fixed, and why?
Building depreciation, management staff and other expenses that don’t seem to vary would be classified as fixed costs and these costs would remain the same at all production levels.
Which costs would be considered mixed (i.e., semivariable or semifixed)?
...
The first principle that BUPA must adopt is that it must understand true costs. This company will make this achievement by using the standard cost component. This tool should be applied in budget preparation, pricing reporting and performance based incentive plans (Elliott, 2004). This is based on the increase in utility costs, which has decreased the operating surplus. In 2012, the operating surplus was £ 38,364,000. This was a decline from £ 54,202,000 in the previous year (Bupa Care Homes (CFG) plc, 2012). Understanding true costs will ensure that BUPA improves its costing control system. In this case, ...
1.0 Executive Summary
Enhancing brand loyalty has become a major concern to many business organizations. Developing brand love by improving customer satisfaction is one of the strategies that most companies use to enhance brand loyalty. Consumers tend to develop intimacy, commitment, and passion for various brands of products, which forms the basis for brand love (Sternberg, 1986, p. 126). Brand loyalty has significant impacts on the marketability of a product. The determination of consumers’ attitude towards a particular brand helps in the formulation of strategies intended to stimulate improvements. High level of customer satisfaction often results in strong relationship ...
Uranium (U) element was discovered by a German chemist, Heinrich Klaproth, in 1789. Uranium is a radioactive element with an atomic weight of 238.02891 and an atomic number of 92. The uranium element initially discovered by Heinrich was an oxide, uranium oxide. A French chemist, Eugène-Melchoir Péligot, was the first person to produce pure uranium by reacting it with potassium in a heated platinum crucible. The element’s radioactive properties were established in 1896 by a French physicist known as Antoine Henri Becquerel. Currently, uranium can be extracted from various ores such as carnotite (K2(UO2)2VO4· ...
Big Rivers Electric Corporation
Big rivers Electric Corporation is a company that generates and transmits electricity. It is a partnership company that is a member –owned. The company is non-profit making company. It has three main cooperatives to which electric power and services are provided in wholesale. They include the Jackson Purchase Energy Corporation, Kenergy Corporation, and Meade County Rural Electric Cooperative Corporation. The three cooperatives distribute the electricity to 22 counties in western Kentucky.
According to financial statements for the year ended 31st, 2007, the Big Rivers Electric Corporation had a utility net of $ 911, 634. It had total utility net of $ 917, 668 in ...
Introduction
Cloud computing is a new technological model that’s transforming the world of computing (Jin et al. 2010). In this model, computation and data are operated in a cloud, which is a collection of data centers that a third party owns and maintains.
Cloud computing refers to the applications, systems, software, and hardware that are “delivered as services over the Internet” (Jin et al. 2010, p. 3).
Brief History of Cloud Computing
Cloud computing isn’t exactly a new concept. Existing structures such as adaptive computing, utility computing, and grid computing have paved the way for cloud computing (Molen 2010). ASP (application service providing) also “signifies the growth towards ...
Wind Energy: Advantages, Disadvantages and Solutions
Harnessing the power of the wind is nothing new. For centuries, it has powered sailing ships, provided energy for windmills and pumped water. Nowadays, with the help of turbines, wind provides us with electricity.
Introduction
I am proud to be a member of the LM Wind Power Group in their blade manufacturing division. Within 30 years of operations, LM Wind Power has produced around 150,000 blades. As such, wind energy is an important subject for me. As an energy source that is renewable and more environmentally friendly than traditional electricity generating technologies, I consider wind energy to be a viable alternative ...
Introduction
The report discusses the outcome of the financial analysis of Fresh Fashion for the period of three years beginning 2014 .As part of this analysis, we will exclusively focus on liquidity assessment, and inventory and account receivable management of the company. While the sole objective of framing this report is to appraise the investment opportunity in the company’s stock, however, since we are only using financial ratios as the tool of assessment, we will also discuss some of the limiting factors of financial ratios.
Ratio Analysis
Financial ratios allow us to transform raw financial figures into useful multiples, which can ...
Global Warming Phenomenon
The issue of global warming has been a critical problem across the entire world due to the effects associated with this condition. Global warming is caused by the increase in Earth's temperatures due to the effect of greenhouse gases. The greenhouse gases, such as carbon dioxide emitted from burning of fossil fuels like coal, oil, and natural gas to provide energy are responsible for trapping heat and preventing it from escaping from the Earth’s atmosphere. Human activities like cutting down trees and burning forests for farming activities has been attributed to the emission of greenhouse gases that are ...
Human Resource Management (HRM) refers to the practices and knowledge within an organization that is concerned with the organization’s primary responsibility and employment relations (Redman, & Wilkinson, 2009). As such, it is a discipline that is guided by numerous models that include Guest, Harvard, Warwick, Storey, and Fombrun models. The Guest model developed by David Guest contends that the HR manager is initially presented with specific strategies which then create a need for certain practices within the organization in order to achieve the desired outcome. It bears six aspects that include HRM strategy and practices as well as behavior, ...
Abstract
Blue Coral Copters Inc. is on a course of gaining prominence. However, such moves may be thwarted if the current, below par safety measures are put in place. Eminently, the organization is faced with an avoidable tragedy, which can be avoided through simple revision of the current security measures. Just like Blue Coral Copters, agencies in the service industry prosper today based on the safety precautions that they offer to their stakeholders. Thus, the much-needed prosperity at Blue Coral Copters Inc. may only be realized if the organization takes new steps in re-engineering their safety measures. From the assertions ...
Residential Property Market in Australia
Australian has seen of the one highest boom in the residential houses market over the last couple of years. Additionally, the house prices have been on the rise. Particularly, the Australian Bureau of Statistics (ABS) indicated that the house prices in the country increased by an average of 11.4% before inflation adjustment throughout the major cities in the year 2015 (Chamberlain, Johnson & Robinson 2014). Notably, despite the modest economic growth experienced in Australia, the housing market continued to rise, and there has been a consistent increase in the house prices (Ley 2011). For instance, the eight major cities experienced ...
Introduction
The purpose of this report is to analyze the different social responsibilities and ethical responsibilities of businesses to the society. Apart from the main objective of maximization of profits, businesses should have other objectives that ensure that their practices promote the welfare of the society. In this report, Walmart is analyzed.
Walmart is an American multinational company considered to be the largest employer with 2.2 million employees (Walmart.com). Apart from the United States, it has branches in United Kingdom, Canada, Japan, Mexico, and India. It usually operates general chains hypermarkets, grocery stores, and discount department stores. The company’s ...
Use of Fossil Fuels for Power Generation and the Need for Renewable Energy
According to Nelson (2011), more than 85% of the world’s energy consumption, which is estimated at 520 exajoules, is generated through the burning of fossil fuels such as petroleum, natural gas and coal (p.19). Electric power generation from non-renewable sources will, unequivocally, result in their exhaustion and creation of a major energy crisis. For this reason, it appears primordial to shift in a greater scale to alternate power generation, such as solar, wind, hydroelectric, etc. Amongst these, Sorensen (2011) explains that though hydroelectric power does represent one of the major forms of power generation, its growth is stagnant ...
Ability to apply knowledge of basic science and engineering fundamentals
Industry placement gave me a great opportunity to learn many things. During the time I spent in the industry placement, I learned how theory is translated into practice. In school, we learn many concepts in various subjects. Sometimes it is very hard to imagine how the concepts apply in practice. The placement offered me a chance to apply the engineering concepts we learned in class. I practically applied basic science and engineering fundamentals in making judgments regarding the specific tasks I was given to handle. I also understood that in some instances there is a slight difference between theoretical ...
Deign project
ABSTRACT
What I the rowing machine? Rowing machine is training software that are used by profession and amateur rowers. This project leads to develop training system for sportsmen and provide it in a graphical form. Speaking more detailed, this training utility is shown as a river with included moving boats. It can be used by every rower.
For this project were chosen an incremental model, because it provides great suitability for selling it to client. This goal is achieved due to discrete functional levels. This strategy give the availability for client to change some details if it is needed. ...
Personal Ethics Action Plan
As an ethics student, I have learned that ethics are fundamental in business since they set the expected standards in the workplace. Ethics act as a guide to every individual in the workplace to ensure that they follow the prescribed methods when dealing with a certain issue. It is difficult to determine what is ethical or unethical due to the changing circumstances in different business environments as far as different cultures are concerned. Every culture has its set of values and beliefs, these beliefs and values differ hence causing an ethical dilemma. Ethics are important since they enable one ...
Memorandum to: Supervisor
The Lack of a Budgetary Theory
There is significant aridness in the American budgetary literature regarding one of the most important issues of public budgeting, which is the distribution of public budget for varied purposes so that highest return can be achieved (Fao.org, 2016). However, the energy absorptions in the building of mechanical institutions for purposes of budgeting have created a diversion in attention from problems of basic budgeting. The issue is identifying the basis on which allocation of dollars for activities A and B is decided.
There are some aspects of pure economics associated with public expenditure but ...
Official Name – Title of Course
American College of Dubai
Executive Summary
Introduction of Subject Matter
This report provides an analysis and specific evaluation pertaining to the current management climate at the Uber Company in Part I and Part II. Covered herein in Part I is a discussion on the challenge of managing people within organizations, within an understanding of the context involved. Understanding people, in terms of social perceptions and managerial protocols of group behavior give insight into the way Uber functions. According to Uber founders and CEO, Travis Kalanick, “every problem has a solution,” and feels so passionate about entrepreneurial enterprises that ...
Blue Ocean Strategy is a book authored by Renee Mauborgne and W. Chan Kim that dwells on strategic business moves companies can make to tap into uncontested markets. The book, published in 2005, embodies the emergence of rapid change and innovation in recent years while at the same time injecting dynamism in business strategy. The book classifies businesses into two groups; Red Oceans and Blue Oceans. The former group, Kim and Mauborgne note comprises of static businesses that dwell on battling competitors. A strategy that is highly unlikely to bring forth a prospect of profit growth to companies that practice it. ...
V/S
ONEOK:
ONEOK is a natural gas distribution company established during the year 1906 in Oklahoma. Today the company is one of the largest distributor of natural gas in USA. Following is the fundamentals of the company’s stock:
- Current Price: $64.36
- 52 Week Stock Range: 39.39- 65
- Market Capitalization: $13.28 Billion
- EPS: $1.37
- PE Ratio: 46.94
- Dividend Yield: 2.40%
NATIONAL GRID PLC:
National Grid Plc is a multinational electricity and gas company. The company is headquartered in London, United Kingdom and operates in USA and UK. Following is the fundamental of company’ ...
Gladys is a business lady who specializes in offering computer services such as typing and printing of thesis, scanning and other computer related services. In having a conversation with her, she seemed to have a lot of complaints regarding the inefficiency of computers and other hardware devices she uses to accomplish her work. She added by saying that of late, even her previous customers tend to divert to her competitors after realizing the persistent queue of customers at her business place who continues to complain of slow service delivery.
Process used to elicit information
In order to solve this problem, I decided to obtain more information from ...
Introduction
In this report we discuss the requirement a project manager has to comply with before initiating a project. As we have found out, the government of New Zealand has championed for measures aimed towards conserving the environment. This is before the commencement and after the project. This was made to take place due to the fact that previous projects have proved to be carelessly detrimental to the environment. The Resource Management Act of 1991 includes one of the legal strategies that were laid to curb destruction of the environment.
Resource Consents
Before initiating any project, there are important things that one ought to ...
The Internet has revolutionized the way system architectures are defined in that it has become a communication channel. This has provided a new front of system development. Internet-based architecture has the culmination of data, application logic and the user interface on the Web server. The user interface is provided by the user interface in the form of HTML codes that perform interpretation and display of the client’s browser. The shift in responsibility for the user interface from the client to the server eases the process of data transmission thereby resulting in lower hardware costs and complexities.
The motivation towards ...
Introduction
According to Teitbaum & Wilensky (2007), policies developed in different industries form an integral part of how individuals perform various activities aimed at assisting the society. Signing of patient Protection and Affordable Act by United States President Barrack Obama led to a lot of changes in the health sector. The introduction of healthcare reforms in the health sector act brought about many reforms that ensured affordable healthcare services to all irrespective of financial status. The healthcare reform ensured almost every American citizen has a private or government insurance to take care of all hospital bills. In addition, more than 61% of citizens ...
(Course No.)
(City & State)
EXECUTIVE SUMMARY
This report is important in the development of an information system that will migrate the company’s documentation to the digital platform of information management unlike the conventional paper based management of the company properties. The information system development identifies the various functionalities and their characteristics in reference to the business needs of the company. The system can, however, not be complete without considering the interface elements that define its functionality and usability. As such, the next stage utilizes the human computer interface design principles to deliver the anticipated motive. The help of the ...
Table of Contents
Introduction
3
Role of Mobile devices as “Rich Sensors”
3
Emergent Theme of “Near-Real Time Data Consistency”
5
Mobile Opportunism
7
Certain Fundamental Challenges of Mobility
9
Conclusion
10
Bibliography
11
Telecommunication world is an environment that has seen magnificent changes especially over the last two decades. The changes experienced are more pronounced in mobile communication systems and improvement of related technologies. In this report, the learner takes a closer look at mobile devices, merging themes in line with mobility and identification of mobile opportunism, ...
Individual report on simulation exercise- Glo-bus
Introduction
Generic strategy
Undeniably, marketing strategies for different enterprises are streamlined to develop competing strategies comprising of promotions, pricing and advertising. As such, our financial strategy focused on creating a one star level camera to be dispensed to our consumers at lower prices. In addition, the strategy purposed at developing a 4 star camera to be utilized by stylish customers. Deductively, the uniqueness of our pricing and quality facilitated maximization of our returns since our prices were relatively cheap, hence affordable. Moreover, multi-featured cameras we produced would offer a competitive edge for our products and hence promote our company's brand.
Our ...
Overview of the IT Functions at Terra Firma Medical Systems
The Terra Firma Medical Systems IT & Operations organization consists of departments where a matrix reporting structure is employed and where each function has its own global and functional managers (Singapore Management University, 2011). Business-IT Solutions teams are established to support the 4 product service divisions as well as the Corporate Administration group, which includes strategy, legal and regulatory affairs, and corporate finance. These IT teams are tasked with identifying the needs of the users in their respective business units and developing the corresponding solutions, examples which include either the development of new applications or the addition of enhancements to ...
Siemens AG
With upwards of $103,124.8 million in annual revenues in 2010, Siemens AG is an electrical engineering and electronics conglomerate with global operations, engaged in the manufacturing of health care, energy and industrial products. It has operations in 190 countries across the world, employing 405,000 employees.
Strategic and tactical Decisions
Siemens sold off its real estate division to Wohnbau, Volkswohnung and GBW Gruppe in 2009, followed by the 28% acquisition of Archimede Solar Energy, which is based in Italy. The company did also acquire a 25% stake in Germany’s BGZ Beteiligungsgesellschaft Zukunftsenergien (BGZ), which is specialized in the financing, development and operation ...
The term bioethics was coined in the early 1970s by biologists who brought to the public’s attention two pressing issues; the need to maintain the plant’s ecology and the implication of advances in the life sciences toward manipulating human nature. Van Rensselaer Potter has focused on the growing human ability to change the nature, including human nature and the implication of this for our global future [ CITATION Van71 \l 1033 ]. While bioethics has been interdisciplinary since its inception, theology played a fundamental role in its creation. It continues to have a profound influence today also.
At its inception, ...