Larkin – a look at the mood poems were written in by Larkin

Larkin is an established poet and was cherished by people all around the world. He won the respect of many readers, critics and non-critics. He was gifted in his writing and through this gift he bought us the poems we have today. Larkin therefore can be said to be a memorable poet and this will now be investigated. How is he memorable? And what makes him memorable? To start the investigation off I am going to look at the mood poems were written in by Larkin. Each poem is set in its own mood and the mood can help the reader to understand the poem. â€Å"Dockery and Son† is the first poem. It is about Larkin going to a funeral and remembering one of his university colleagues called Dockery. Larkin has found out that his son now attends the university and this leads on to the general image of the poem. â€Å"†¦In '43, when I was twenty-one. If he was younger, did he get this son At nineteen, twenty? Was he that withdrawn†¦Ã¢â‚¬  (Larkin page 152 Dockery and Son) This quote shows the awe that Larkin shows at this point in time. The poem was written in a sad mood as it is a remembrance poem. He then continues the poem in much the same way showing his point of view and talking about a popular concept for him, life. â€Å"Life is first boredom, then fear. Whether or not we use it, it goes†¦..† (Larkin page 153 Dockery and Son) Life is a matter that Larkin talks about a lot of the time. Whether in high spirits or in low. Therefore the next poem I will look at is â€Å"High Windows†. This is yet another example of Larkin's preoccupation with the disappointing nature of experience, which I have illustrated for Dockery and Son. High Windows is the culmination of Larkin's disappointment. He says that as age comes along, fantasies from the younger years of a person's life, seem to disappear as well. â€Å"I know this paradise Everyone old has dreamed of all their lives- Bonds and gestures pushed to one side Like an outdated combine harvester,† (Larkin page 165 High Windows) In this poem, Larkin is emphasising to what extent he feels cheated by his experience of life. However, although Larkin is dissatisfied with what his generation has been allowed, he looks at how life treated those who were old when he was young. As Larkin looks at the freedom given to the generation which has succeeded his own in the poem â€Å"High Windows†, he is confronted with an optimistic image of endlessness. This is yet another one of his popular subjects and does also occur quite frequently in his poems. It can be seen from the above examples and quotes, that Larkin writes poems that have certain moods and thoughts behind them. This is an important factor for a poet and this helped Larkin to be remembered in the way that he is today. Another matter that could help to see why Larkin is such a memorable poet is whether or not he is arrogant in his poems. Some say that he is and others disagree. Hence I will investigate another few poems to see if he is or is not. The poem I am going to look at to start this part off is â€Å"The View†. This is a poem looking on life from the elderly person's point of view. Larkin says in this poem that life doesn't turn out to be what you expected when you were younger. It changes and becomes drear: â€Å"What's left is drear. Unchilded and unwifed, I'm Able to view that clear: So final. And so near.† (Larkin page 195 The View) He does not appear to be arrogant in this poem. He seems very modest, as can be seen from the quote, and he also is being realistic. This brings about the idea that Larkin is not arrogant. To end this part of the investigation off, I shall look at another poem called â€Å"Wild Oats†. This is about two young women walking into Larkin's workplace and he looking at them in amazement. One in a beautiful â€Å"English rose† , the other a â€Å"friend in specs†. Larkin finds that he can talk to and go out with the one with specs. â€Å"But it was the friend I took out, And in seven years after that Wrote over four hundred letters Gave a ten-guinea ring†¦.† (Larkin page 143 Wild Oats) He does everything with her but still has a â€Å"crush† on the â€Å"English Rose†. This leads the girlfriend of his to then say to him: â€Å"That I was too selfish, withdrawn, And easily bored to love.† In all I can say that Larkin is not an arrogant poet from the poem that I have read. I can say that sometimes, when he doesn't understand something, he might knock it down a little but does actually respect it. Finally I will look at if Larkin keeps his life hidden. In his poems he talks a lot about life events and things that are not fiction. He therefore brings his life into the poems that he writes but does not base the whole poem upon these happenings. From the quotes listed above, it is possible to say that life is an important factor in his poetry and it is because of the realism that is involved in his poems, that he is such a memorable poet. Larkin writes from different perspectives and he does so well. He will write a poem to reflect a mood or an experience that might occur in life. To write a poem on this is what forms the base of a real ingenious poet and Larkin is this in my opinion. Therefore I join in saying that Larkin is made a memorable poet and am happy to agree with that statement overall.

Endless Love For My Family Essay

Someone once said, â€Å"Love is the answer everyone seeks. Love is the language every heart speaks.† Funny isn’t it? Although every country, every city, every individual is so completely and utterly different in thousands of ways, we all have one common desire. Love we crave the experience, even when there is no one to experience it. It’s many a time’s said that love is even created by people it was never meant to be found with. Purely and solely because, from day one the idea that you need another human being to validate your existence has been engraved into the mind of every individual, In past generations love was a magnificent feeling, that everyone dreamt about, in today’s society love is no longer a feeling but more so an obsession one cannot live without. My obsession has been my family, which includes my sister, My Mom and My father. Sisters are one kind of the best friends you have in your life. My Sister She is another important part of my life after my mother, She is older than me but we are still life best friends, I know I fight with her more than everyone, sometimes I hate her a lot but still I love her a lot, When I complete my High School I told my parents I’m not going study but I will just do some odd jobs , my sister she really get hard on me and told me no you should do your bachelor’s degree so u can a good job in future, I did listen to her and started my 1year of college , everything is really hard for me but she is always there to help me out with all my stuffs, She really wanted to see me completing my bachelors I don’t know If I can do that or not but still I’m working on it She is like my guardian angel/ having somebody to whom you can look at without being judged. Having a mother is the best thing that one can have in life. Its often said that to have a mom is like having God by your side. My Mother is the important part of life; she is the one who give birth to me without complaining about all the pains she have been through. My mother is one of the people I must respect and love. she is the one who gets me into this world, She was always there when I need a best friend to share my story’s, She teach me how to walk, how to draw, how to pronounce, She taught me everything, She taught me more than anyone else, not only inspired me the strength to overcome hardships in my life, It is unconditional love that my mother feels that drive these feelings. Father is the best foundation one can have in life. You have a live streaming of being responsible. Father is  one important part of your upbringing. My father is my role model whom I have followed thru all my life, I always wanted to be like him, but now when I look at him I know how hard it is to be like him, He always supported me with everything t hat possibly I could have ask for, He is my everything my banker: whenever I need money he would be there to fund me When I stuck with a math problem he would be my teacher and help me out , When I would seek help to make my decision this ,man has been there to help me out and be my mentor, I know There will be obstacles and unexpected turns in my life but My father will be always there for me. I remember one thing what my father asked me to remember all the time is â€Å"Don’t let anyone tell you what you can or can’t do.† And I always remember this thing when I’m suffering from hard time I love him a lot. â€Å"But who I am with you, is who I really want to be. You’re so good for me. When I am holding you, it’s like I have the world in my hands. Yeah a better man is who I am with you.† Quoted from the popular Chris Young song â€Å"Who I am with you†. The concept of love has been transformed into the idea that out of the billions of people on the planet, But for me my family has been the reason for love. Said individual is supposed to possess the ability to change the personality and actions of another human being purely based on the overwhelming affection they hold. The Oxford dictionary defines love as â€Å"A strong feeling of affection and sexual attraction for anyone.† If love is merely a feeling of attra ction why has it ever taken 90% of the media world?

Reduse Usage of Plastic Bags

Plastic bags are not biodegradable, so they get littered onto a wasteland which causes soil erosion causing damage and harm to the trees. If plastic bags are burnt, they emit hazardous gases causing air pollution which causes damage on the ozone layer. The Plastic can be reduced by u not using lots of plastic and use things in yr homes then going to buy a plastic bottle from the shop. Plastic bags are made out of non-biodegradable substance. (not organic)Because they are durable they do not rot. Scientist believe that it would take up to 1,000 years to break down. In that time plastic bags separate into smaller toxic particles that contaminates the soil and even waterways. Even if we try to burn them, it pollutes the atmosphere Each year, an estimated 500 billion to 1 trillion plastic bags are made worldwide. That means that 1 million plastic bags are made each minute, but then billions end up as litter each year. Making plastic bags can lead to exhaustion of oil, because to make a lot of plastic bags, we need a lot of oil. If we reduce oil we could save much more oil. You can actually drive about 460 meters with the oil which is used for only one plastic bag. Plastic bags even kill a lot of marine animals. Plastic bags gets blown into the ocean and floats around like a jelly-fish. A lot of sea-creatures choke and die for mistaking them as their food. Each year, thousands of sea turtles choke on plastic bags after mistaking them for jellyfish, their favourite food. Even other sea critters like sea lions and dolphins have also been found with their stomachs filled with plastic bags! GOVERNMENT SHOULD BAN PLASTIC BAG The society's consumption rate is now estimated over 500,000,000,000 plastic bags annually. The Malaysian Federal Government is considering banning plastic bag for environmental reason. There are some big company have take the challenge to make â€Å"say no to plastic bag† campaign such as IKEA, AEON and Factory Outlet Store (F. O. S). There are many drawbacks of the use of plastic bags. In some other countries, there are proposals to charge for the use of plastic bags. The objective of this paper is to educate shoppers to use reusable bags instead of plastic bags whenever possible. In the other hand, many people think it would be nuisance because there are so many practical uses for plastic bags. The United States Environmental Protection says paper bags are worse for the environment than plastic. Plastic bags require much less energy to manufacture and recycle because of this plastic generates less greenhouse gas. Plastic bags cause less air and water pollution. They compress to a small size in landfills. Nevertheless, this paper is to agree that government should ban plastic bags because of several factors which are environment, economy and health. Firstly, the idea of banning plastic bags and use reusable bag is good for the environment. In the other hand, many people think it would be ineffective because, according to Hilary Chiew (Chiew, 2009) in article high usage from Startwo’s newspapers, paper degrade at a slower rate compared to plastic in a landfill. In modern landfills nothing completely degrades due to the lack of water, light and oxygen. University of Arizona have done a research on paper, paper does not degrade even in 3 decades. So, paper takes up more space than plastic in landfill. While according to Abu Bakar Yang (Bakar, 2009) in article â€Å"Ancaman plastik dan botol plastik† about 100,000 of marine animals like†¦

Ikea-ERP Management Information Systems Essay Example | Topics and Well Written Essays - 750 words

Ikea-ERP Management Information Systems - Essay Example It is evidently clear from the discussion that IKEA leads in the world as a furniture retailer dealing with home appliances, ready-to-assemble furniture and accessories. The company has over 313 stores and operates in more than thirty-eight countries. IKEA launched a project aimed at introducing a Geographical Information System (GIS) into the wood sourcing system of the company in the year 2007. The problems that the GIS aimed to solve involved; availability of forest resource data on sub-country resource level, and region of origin in wood tracing. Using the GIS, the company could solve problems by getting the data, inputting into computers and storing them for reference and retrieval by the managers and other workers interested in using them. Implementation of the GIS by IKEA The company developed a forest tracing system for the regions of origin. According to IKEA, the region of origin referred to a unit of the territorial division of a country, which the company suppliers refere nced in the declarations of wood origin. The territory, in this case, was a forest management unit or had an administrative status. The company failed in the implementation of the system in that there was no clear definition of boundaries of the territories. In addition, the company’s forestry policy implementation failed due to lack of clear characteristics of the territorial divisions chosen. There was not enough information about the forest resources of the territories leading to failure in the implementation of the system. If the units were smaller than they are, data management would have been easy. However, as we have seen, the company used large areas and thus the territories were large. This made reporting from such units irrelevant and reduction in the credibility of doing so. In this case, the suppliers had problems in using the division structure to separate wood flows. Furthermore, there was a large variation in territorial sizes in both territorial division units and territorial divisions of a country. The forest resource, data availability at regional levels should be according to tree species groups or tree species. However, the company failed to implement the system according to this criterion. There was a lack of crucial statistical information such as growing stock and cuttings in some cases. For example, Romania had no reliable data giving the growing stock in the region. These problems, therefore, lead to generalizations. For instance, the data on three groups rather than on individual tree species leads to complete uncertainty and thus difficulties in using GIS successfully. The GIS functionality According to the IKEA Company, there could be three users of the GIS. These users include the forestry staff, suppliers and buyers. The forest staff was to use the technology in the following ways: 1. Entering, visualizing and editing the data of forest tracing system and that of wood procurement planning 2. Performing risk assessment at th e regional level defined for the purposes of audit planning 3. Obtaining summaries of the wood volume from wood procurement planning and forest tracing data 4. Exporting and saving tables, maps, wood procurement planning, and forest tracing data.

Struggle with Self-Image Research Paper Example | Topics and Well Written Essays - 1000 words

Struggle with Self-Image - Research Paper Example There are certain norms in the society that dictate how people should represent themselves and people portray these images instead of a person’s personal image. This paper will discuss the struggles with self image, highlighting the conflicts between man and himself, and man and the society as seen in Walker and Orwell’s essays. The essay, â€Å"beauty: when the other dancer is the self†, is about self realization and appreciating one’s own potentials. It’s a detailed account about how the author struggled with her self- image after a childhood accident that left one of her eyes disfigured. Orwell’s essay is about the author’s experience in a British ruled Burma where he was stationed as a young inexperienced soldier. While there he had to kill an elephant that had run rampant, this triggered some ethical conflicts within him (Gausel and Leach 7). In the beginning, when Walker was young she was convinced that beauty came from what the eye meets. At the age of two she is very confident in her beauty and she says â€Å"take me daddy, am the prettiest†. The way she describes her dress, she feels that everyone is admiring her beauty. She goes ahead and states that it was not her dress that they admired but it is her spirit that they adore. This shows the self love that Alice for herself which portrays a positive image. Loving yourself portrays positive attributes about you in other people’s eyes. To begin with, self image is all on the mind. Walker’s shallow perception of beauty was short lived. After the accident she could no longer maintain the former definition. She was able to see, but she could not perceive. Little did she know that all it takes is a positive self image; that the loss of her eye does not mean that she lost her beauty. What bothered her was how the society viewed her after the accident judging from their negative glances. According to Bates (3), Walker believed that all they saw was a glob of whitish tissue, a hideous cataract. Body image is part of self image. This includes more than what we look like or how other people view us. It is how we think, perceive or react about our physical attributes. Influence of our family, peers and the society affect our body image and consequently our self image. For instance, Walker had to be taken away to live with her grandparents to avoid ridicules from other children. Her parents did not stop to think if it would affect Alice’s self image (Bates 4). A positive body image contributes to improved psychological adjustments. This is exactly what happened when Walker’s daughter said she saw a world in her eye. In her little mind her mother was beautiful and her eye was unique. This gave Walker a wakeup call and she realized she was the one to blame for the anger she felt for all those years. Orwell on the other hand begins the essay by claiming his perception on the British imperialism. He claims how evi l they are yet he is a British soldier himself. This is the first indication of his struggle with self image. Deep inside he didn’t want to gun down the elephant. He said his ultimate decision was to avoid looking bad in front of villagers; that gave him a degree of shame. This clarify the issue that self image is grounded in social relations regulated by moral standards. If self image is inherently social, then improving it results in improved social relations. It is this shame that makes him to be more concerned about how the villagers perceive him (Leary & Ashley 9). He

Forensics Report #1 Coursework Example | Topics and Well Written Essays - 1250 words

Forensics Report #1 - Coursework Example This computer was Dean’s workstation. It had been taken to the IT service center within the same week. It was missing, but only because it have been taken to IT service center. It would be brought back to the station on the following Friday. Mr. Dean used the USB Drive to store his work related files as the Assistant Chief Security Officer. After its analysis, it was found that nothing that could incriminate Mr. Dean since the files in the USB drive reflected his urge to work in parallel with the company’s interest. After carrying out substantial research and reviewing all the evidence present, it is imperative to note that there was some inconsistency regarding the manner in which the particular employee resigned. The fact that the laptop case was found below the table adds to the suspicions because if the person resigned honorably, he would have at least left the laptop case on top of the table. The factors stated are some of those that led to the forensic examiners becoming involved with the case. The USB disc found ought to receive special examination to determine the information stored in it. The fact that the Chief Executive asked that the workstation computer be transferred back to the work office is an imperative step to take for it saw to it that information was not deleted from the computer at which the particular employee was working. The manner in which the employee terminated his employee is somehow suspicious and this is because for an organization such as the one given in the study, it is a requirement to tender a formal resignation by writing a letter and submitting to the relevant authorities in the organization. Going through the evidence may bring out information tying the particular worker to some illegal activities (Kiely, 2011). Either that or the employee was blackmailed out of his work. The room should also be wiped for fingerprints and this might assist in identifying the

Enterprise Architecture and its evolution Essay Example | Topics and Well Written Essays - 500 words

Enterprise Architecture and its evolution - Essay Example n enterprise communicates with the other stakeholders regarding the future of the business in terms of the integrating various business perspectives offered by the stakeholders to the technical aspects of the business that will see advance in future (Giachetti, 2010). Enterprise Architecture caters for the relationship between the people within an organization, the processes involved, the enterprise technology and information, and how all these relates to the external business environment (Giachetti, 2010). Therefore, EA is a very important component for any business that wishes to advance and transform into an effective enterprise. It embarks on addressing the challenges that a business entity is facing and how such challenges can be overcome, through the provision of a mode of governance to implement and provide holistic solutions to the existing as well as potential future problems (Giachetti, 2010). Enterprise Architecture therefore indicates the desired future state of a business entity, while guiding the enterprise through the process of achieving its desired state. This sees a business move from its present simple system to advanced data and information structures that reinforce the business performance and competitive ability. This way, EA serves to enhance the efficiency and effectiveness of a business (Giachetti, 2010). It is through EA that business structures are centralized, while the processes and the flow of information is streamlined to incorporate timeliness and accuracy. This way, running and management of business activities becomes an easier and successful event. The greatest advantage of EA is the fact that it indicates the desired future business state and then establishes the intermediate steps that will be undertaken to as to realize this state (Giachetti, 2010). The evolution of Enterprise Architecture can be traced to the 1990s, where the need to address the issues of complex business systems arose. It is during this period that

Integrated quality Assurance Principles in the teaching-learning Essay

Integrated quality Assurance Principles in the teaching-learning environment - Essay Example It is necessary for such an organisation to recognise the students as the customer and thus focus their continual development planning towards making sure that these customers get the best (Rauner & Maclean, 2008). Providing the best would be to make sure that these customers get the education that is in line with the standards developed, both national and internationally. In the planning stage of the continue development program for such an institution, it would entail coming up with ways to conform to the standards. The institution would then have to implement (do) this by making sure that the courses and the syllabus offered are in line with these international and national standards (Servais, 2011). After the implementation, the college would then have to check whether the new syllabus or curriculaum is in line with the international stands. The college would also have to check whether the new curriculum is helping the students to be able to be more successful in their fields. This can be done by monitoring how the alumni from the college are performing in the market. If after checking it becomes clear that the alumni of the college are not doing so well in the market, the college may have to look at the syllabus and the implementation of the syllabus and look for any issues which may be causing variance between the planned and the achieved results (International Labour Office, 2010). This will also include, if possible, looking at the relevant changes in industry demand and future student profiles. This will also help in making sure that such an institution is not lagging behind and that the quality of its education programs will not deteriorate over time (Bosch & Charest, 2010). By applying the PDCA process of improvement, it will be easy to know how to monitor the relevant changes in industry demand and be able to align the current strategy in a way that will help o achieve these new

The Role of the Registered Nurses in the Emergency Room Essay

The Role of the Registered Nurses in the Emergency Room - Essay Example The changes in RN roles especially in the ER are a result of increased public and political demands to set up higher benchmarks in the medical field (Gardner et al., 2007). Subsequently, emergency departments are focused to undertake initiatives to successfully meet government lay-down key performance standards and benchmarks that determine the performance of the healthcare units. Role of Registered Nurses In different parts of the world today the ER nurses have adapted their responsibility to incorporate tasks that were formerly undertaken by medical staff. For instance, suturing wounds, plastering fractures, and recording of electrocardiograms, X-raying of patients with potential fractures, and cannulation of patients are important tasks that ER nurses undertake (Neades, 1997). In recent years the educational qualification of an Emergency Nurse Practitioner in addition to sound nursing practice based on all aspects of nursing is an essential criterion. However, in general the requi rement is formal post-basic education in holistic assessment, physical diagnosis, prescription of treatment and promotion of health. The Emergency Nurse Practitioner is a key member of the healthcare team directly available to members of the public (Neades, 1997). Hence in several health care set ups it is expected that the nurses must be an independent practitioner who is able to assess, diagnose, treat and discharge patients without reference to a doctor. Since this job comes with high responsibility, there are several guidelines provided by the government as well as the health care set up. Additionally, the nurses must be able to make independent referrals to other healthcare professionals (Neades, 1997). A variety of roles such as identification and management of minor injuries, preliminary scans, pain management, recommendation to other health professionals, and health promotion activities are the role of registered nurses. According to the Royal College of Nursing the role of registered nurses in ER include, several investigative tests (such as X-rays), preceding to the patient being seen by the specialist (Neades, 1997). It is a well known fact that the role of nurses is not restricted to the health care units but is also extended into the society. For instance, the health promotion aspects are also highlighted, signifying how their knowledge and skills can be further utilised to care for vulnerable groups in cases of emergencies. In order to reduce the over-crowding in the emergency rooms to some extend, the Nurse Practitioner may undertake advanced roles such as the assessment and treatment of injuries, as well as developing a health promotion and accident prevention role within the community (Neades, 1997). It is believed that the ER nurses may have a positive role in primary care delivery and reduce the work load of the doctors. Diverse needs and the function of NPs will vary between institutions and around the world.

Reflective journal (topic ) improve communication in organization Essay

Reflective journal (topic ) improve communication in organization - Essay Example I will analyze the topic in context to its contribution to my present professional profile while in second part, I will prepare as guideline to improve my communication skill in order to become manager and/or leader that I desired to be. During the degree program and professional life, I have faced a critical situation in the workplace due to failure of communication system. Although, we overcame the situation but the circumstances has proved the importance of intra-level communication within organization. During the classroom program, our teachers gave significant importance on role of interactive communication while during my professional life; I witnessed the importance of communication in stating the organizational mission, vision to stakeholders and combining them altogether to improve performance. Such incidents and lesson of our professors have influenced me to select communication style as key agenda in this essay. Theoretical Aspects Careful consideration of the research wor ks of McShane & Travaglione (2007) and Reece, Brandt & Howie (2011) reveals the fact that it is very important to manage relationship with internal or external stakeholders within organizational hemisphere. ... While doing research on knowledge sharing, Makela & Brewster (2009) found that there can be three types of communication flow, such as 1- horizontal communication between members in the similar organizational level, 2- vertical communication between top level employee and subordinates and 3- diagonal communication between cross functional groups. All three of these communication channels are needed to be embedded in order to ensure transparent sharing of information, understanding of organizational objectives and knowledge sharing. Chow & Liu (2007) argued that a particular organization or individual can use multiple communication styles in order to communicate the business objectives or influence the behavior of subordinates. For example, organizational leaders might use the combination of communication style, personality and interpersonal skills in order to influence behavior of subordinates. Chow & Liu (2007) gave examples of organizations that are struggling due to mainly three i ssues such as, 1- absence of leadership skill, 2- absence of formal or informal communication channel and 3- lack of knowledge sharing between team members or organizational members. In such circumstances, doubt may arise whether there is any link exists between leadership and communication style or not. In the next section, I will describe one particular incident that has improved my understanding about importance of communication style in the workplace. Real Life Circumstances I have worked in a service firm and to be honest, I enjoyed the organic structure and flexible work culture of the organization. However, I found that there is lack of transparency exist in the communication style of the management. I was handling the responsibility of customer relationship

Making Decisions Based on Demand and Forecasting Essay Example for Free

Making Decisions Based on Demand and Forecasting Essay 1.Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables. (Independent variables are the variables that have effect on the demand of Pizza). List 5 and explain the effect of each of them on the demand of Domino’s Pizza. I currently reside in Allentown, Pennsylvania, which has a current population, based off of the 2010 Census data, of 118,032 people. The large amount of people that reside in the 18 square mile city, which is the third largest in the state, allows for huge competition amongst the local chain and privately owned pizza restaurants. Within the city limits of Allentown, Pennsylvania, there are 3 Domino’s pizza restaurants within 13.2 miles of each other. The average median income per household is $49,025 and $37,356 per family. This can affect the demand of pizza based on the price of the pizzas being sold. The lower the income of a family is, the lesser the chances they will purchase take-out or fast food. Typically, families that are on a fixed or smaller income will live on a budget and normally that does not include the luxury of eating out. Looking at the price of various Domino’s Pizza, Pizza Hut and various local pizza restaurants, the average cost of a large, plain cheese pizza pie is $10.42. While this may be a good price to some, families with a higher number of members may not be willing to pay $10+ per pizza due to the fact that they most likely have to purchase in multiple quantities. 15 percent of the Allentown, Pennsylvania population get around by means of transportation other than a car, therefore a pizza restaurant offering delivery services will be a benefit to those not able to pick their pizza up. The local average fee for pizza delivery is $2.00, based off of two of the large chain pizza restaurants delivery fees. The local privately owned pizza restaurants do not charge a delivery fee, which is a greater demand for those residents looking to spend the least amount of money on their pizza lunch or dinner. Many pizza restaurants offer various pizza order specials, such as 2 large plain pies for $19.99. While that is a great offer, the larger chain pizza restaurants such as Domino’s and Pizza Hut offer various specials like a large pizza for 8.00 or a large 3-topping pizza for $7.99. The only disadvantage of these specials is that the pizzas vary in their large size from restaurant to restaurant. 2.Find the price elasticity of demand for Pizza online. Is it elastic, unit elastic, or inelastic? Explain how the price elasticity of demand can affect your decision to open the pizza store and your pricing policies? Price elasticity of demand is defined as â€Å"the ratio of the percentage change in quantity demanded to the percentage change in price, assuming that all other factors influencing demand remain unchanged† (McGuigan, 2011, pg. 70). With the average cost of pizza in Allentown, Pennsylvania being $10.42, it is still a very high demand product. If the price of pizza were to go up, the demand for pizza may drop slightly, making the demand in price insensitive. There are certain determinants that will affect the price elasticity such as disposable income and the prices of competitors’ products these cannot be controlled by the firm. Determinants that can affect the price elasticity of pizza that can be controlled by the firm are price, advertising, product qua lity and customer service (McGuigan, 2011, p. 69). The price elasticity demand for pizza is and will most likely always be inelastic, because even though the cost of the ingredients to make pizzas may increase and decrease, pizza is a very popular product and will always be in high demand. Being a part of the Domino’s Pizza franchise, offering the various weekly and monthly specials will guarantee that the demand for pizza will not decline by a huge rate should the need to increase pricing arises. This will not affect my decision to open a Domino’s Pizza franchise, I am confident that the demand for pizza will only slightly decrease if economic reasons forces pricing to rise. My pricing policies will always be in line with Domino’s corporate structure, therefore being able to offer special deals on pizzas will counter balance the rise on individual pizza pies. 3.Explain the cross price elasticity. List 3 goods that you consider substitute to pizza in your area. How do they affect your decisions? (opening the store and pricing policy) Cross price elasticity is defined as â€Å"the ratio of the percentage change in the quantity demanded of Good A to the percentage change in the price of Good B, assuming that all other factors influencing demand remain unchanged† (McGuigan et al, 2011, pg. 87). If the price of pizza’s rises and the demand decreases by a certain percentage then this causes the need for pizza boxes will decline. This will be considered a negative cross price elasticity, and the two goods are complementary. On the other hand, if the price of pizza increases, and the demand for an alternative product increases, then this is considered substitutes, and the cross price elasticity is positive. Some substitutes for pizza in the event the price rises could be Subway sandwich platters, KFC family bucket meals, and Chinese food platters. Families buy pizza because of the large quantity for a cheap price, but if the prices were to increase, then these same families may look for similar alternatives that will not empty their wallets. These are possible alternatives that offer a large quantity of food at a reasonable price that can affect the demand of pizza. However, monitoring the costs of the competing fast food restaurants in the Allentown, Pennsylvania area will allow Domino’s to offer certain specials and pizza deals to the community that can keep their demand at a high rate. 4.Explain how you will forecast the demand for pizza in your community for the next four (4) months, using the regression equation including the assumptions that were used. Justify the assumptions made related to the forecast. 5.Based on the forecasting demand, price elasticity, and cross price elasticity discuss whether Dominos should establish a restaurant in your community. Provide a rationale and support for the decision. Establishing another Domino’s Pizza restaurant in the Allentown, Pennsylvania area will be a good idea because there is a true demand for pizzas. Referring to the price elasticity and the cross price elasticity, the positive outweighs the negative sides of supply and demand. Whether or not the price of pizzas goes up, the demand will always be sufficient enough to warrant the decision to open up a new restaurant. The price elasticity is inelastic because if and when the price of pizza increases, the demand for it will not be greatly affected. Domino’s Pizza’s financials for first quarter 2013 were released and the pizza giant had revenues up 8.6% from Q1 2012, and their net income was up 65.9% for the same period in 2012 (Dominos.com, 2013). This proves that even during the decline in the economy, the demand for pizza stays at the top. Domino’s Pizza sells more than one million pizzas daily, it is safe to assume that opening a new Domino’s in the Allentown area will not be a bad decision.

A Biography of Indian Yellow Essay Example for Free

A Biography of Indian Yellow Essay Indian Yellow is a raw pigment which, as the name suggests, originated in India in the 17th century and was used until the early 20th century. Its source remained a mystery for many years. In 1786 the amateur painter, Roger Dewhurst recorded in letters to friends, that Indian yellow was an organic substance made from the urine of animals fed on turmeric (Myers, pg 1). Around this time, the English chemist George Field claimed it was made from camel urine. In 1839, J.F.L. Merimee, denied its association with urine in spite of its odor, citing its origin was a shrub called ‘memecylon tinctorium’ in his book ‘The Art of Painting in Oil and Fresco’, In 1886 the Journal of the Society of Arts in London began a systematic inquiry of the pigment, revealing that Indian yellow was manufactured in rural India (in particular in Monghyr, a city in Bengal) from the urine of cattle fed only on mango leaves and water (Finlay, pg 216-217). The collected urine was heated in order to precipitate the yellow matter, then strained, pressed into lumps by hand and dried, producing foul-smelling hard yellow balls of raw pigment, called ‘purree’ (Mukharji, pg 16-17). European importers would then wash and purify the balls, separating greenish and yellow phases. It is the mango not the urine thats crucial to the color. The colorant is a magnesium salt of an organic acid released by the mango. Chemically it is magnesium euxanthate, the magnesium salt of euxanthic acid. See more: My Writing Process Essay Naturally, the cows that were exploited by this process were extremely undernourished. In part because mango leaves did not supply the cattle with sufficient nutrients along with the fact that these leaves contain the toxin urushiol, also found in poison ivy. In 1908, British law (which applied to colonized India) prohibited the production of Indian yellow, citing the torture of sacred animals. The pigment is believed to have first been used in Europe by Dutch artists in the 17th century (the Dutch having extensive trading links with India by then) and by the end of the 18th century across Europe in watercolor and oil painting. For the first years of its introduction in the European market, this pigment was simply named after its country of origin, ‘Purà ©e of India’(Finlay, pg 209-211). This was further simplified to ‘jaune indien’ (French), ‘giallo indiano’ (Italian), ‘Indischgelb’ (German) or ‘Indian Yellow’ when tr anslated into other languages (Myers, pg 1). Deep, clear and luminescent, it was favored for its great body and depth of tone. It had a peculiar characteristic in its watercolor form of fading in artificial light and in the dark but being fairly stable in direct sunlight. In its oil form, it requires one hundred percent for grinding, dries slowly, and the addition of varnish improves its drying, in fact its lightfastness is also improved when it is isolated between layers of varnish. Dutch and Flemish painters of the 17th and 18th centuries favored it for its translucent qualities often using it to represent sunlight. Beautiful as the color is, the pigment was said to be foul-smelling in its raw form. In the novel ‘Girl With the Pearl Earring’ Vermeers patron remarks that Vermeer used cow piss to paint his wife, the pigment referred to was Indian Yellow. By the early twentieth century the pigment was no longer available, although its modern substitutes are still sold under the name Indian yellow. Bibliography 1. Baer, N.S., â€Å"Indian Yellow† in â€Å"Artists’ Pigments, a Handbook of Their History and Characteristics†, Volume 1, R.L. Feller, Editor, Oxford University Press, New York (1986) 2. Finlay, Victoria, â€Å"Color: A NAtural History of the Palette† (2003 edition), Random House 3. Merimee, M.J.F.L., â€Å"The Art of Painting in Oil and Fresco† (2009 edition), Kessinger Publishing 4. Mukharji, T.N., â€Å"Piuri or Indian Yellow†, Journal of the Society of Arts (1883-84) 5. Myers, David, â€Å"Indian Yellow†, The Art Blog of David Myers (February 1, 2011) http://toxicgraphix.blogspot.com/2011/02/indian-yellow.html 6. â€Å"Indian Yellow†, Pigments Through the Ages, webexhibits.org http://www.webexhibits.org/pigments/indiv/history/indianyellow.html

Drawbacks Of Traditional Ip Forwarding Information Technology Essay

Drawbacks Of Traditional Ip Forwarding Information Technology Essay Service provider network has a requirement to fast switching without any routing lookup in the core network and not to load the traffic in core network. If traffic congested in core network it makes a big delay whole network traffic switching. As a result MPLS technology has been introduced. MPLS is a packet forwarding technology used in service provider core network for fast switching of packets. MPLS technology uses label technology to switch the packets rather than traditional destination IP based mechanism. Multi Protocol Label Switching (MPLS) is a packet forwarding technology used in the service provider core network. MPLS uses the labels to packet forwarding instead of traditional destination IP based mechanism to integrate the layer 2 information such as bandwidth, latency, utilization with layer 3 (IP) elements. MPLS Labels usually correspond to IP destination networks. Labels also correspond to other parameters such as Quality of Service (QoS), source address or layer 2 circuits. Label switching is regardless of layer 3 protocol. MPLS is called multiprotocol because it works with the Internet Protocol (IP), Asynchronous Transport Mode (ATM), and frame relay network protocols. Why MPLS MPLS is a protocol neutral MPLS is designed to integrate layer 2 information about network links (bandwidth, latency, utilization) into layer 3 (IP) elements. That allowed MPLS to work with ATM, Frame Relay and Ethernet at the core Drawbacks of Traditional IP forwarding Routing protocols are used to distribute Layer3 routing Information. Regardless of routing protocol, routers always forward packets based on the destination address only. Destination based routing does not provide any mechanism for load balancing across unequal paths. Routing lookups are performed on every hop. This is much over head to every hop and it makes delay on forwarding packets since, the routing table consists hundreds of thousands routes. Routing complexity depends on the size of routing table. MPLS is adaptable MPLS is able to support new application and services such as layer 2 layer 3 VPNs, Ethernet services and traffic engineering. MPLS is cost effective solution In case of VPN provision, Service providers use one centralized network to connect number of sites of a customer. Likewise several customers are served using a single MPLS network. Traditional IP forwarding Technology Traditional IP based technology designed based on routing protocols which used to distribute layer3 routing information, Destination based packet forwarding technology and routing lookup on every hop. When packets reach the nodes for routing, All the nodes (routers) in the network, will have a destination address based lookup in the routing table which is the data base provides for which destination packets has to be routed through which interface. Policy based routing is only exception for destination based routing. The following figure shows the traditional IP forwarding mechanism. Figure2. Traditional IP forwarding Technology As a packet of a connectionless network layer protocol travels from one router to the next, each router makes an independent forwarding decision for that packet. That is, each router analyzes the packets header, and each router runs a network layer routing algorithm. Each router independently chooses a next hop for the packet, based on its analysis of the packets header and the results of running the routing algorithm. Packet headers contain considerably more information than is needed simply to choose the next hop. Choosing the next hop can therefore be thought of as the composition of two functions. The first function partitions the entire set of possible packets into a set of Forwarding Equivalence Classes (FECs). The second maps each FEC to a next hop. Insofar as the forwarding decision is concerned, different packets which get mapped into the same FEC are indistinguishable. All packets which belong to a particular FEC and which travel from a particular node will follow the same path (or if certain kinds of multi-path routing are in use, they will all follow one of a set of paths associated with the FEC). In conventional IP forwarding, a particular router will typically consider two packets to be in the same FEC if there is some address prefix X in that routers routing tables such that X is the longest match for each packets destination address. As the packet traverses the network, each hop in turn re-examines the packet and assigns it to a FEC. Drawbacks of Traditional IP forwarding As shown in the diagram, router does a routing lookup for each packet in a large routing database. The destination based routing lookup is forward through longest prefix match of the destination IP address. Each router has to do the same job until the packet reaches the destination. It makes more latency on packet delivery, processing load for routers. Service provider core network is running with much loaded traffic. Normal routers canà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢t perform packet forwarding based on traditional ip forwarding technology. MPLS Applications Figure3.MPLS Applications Virtual Private Network (VPN) MPLS VPN application is one of the main targets of the project. MPLS provides a secure inter sites connectivity without any complexity for customers who have number of branches all over the country. VPN connectivity between the branches over MPLS is a big business for service providers and a main application over MPLS. The Reason for MPLS VPN rapid growth amongst the customers is MPLS allows service providers to create new VPNs without having to install new hardware; it significantly reduces the cost of implementation, which in turn reduces the overall cost of VPNs. Other reason is small and Medium Enterprise (SME) customers donà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢t want to put the IT infrastructure with new hardware such as Firewalls to interconnect the sites (branches). Since, it is a big investment for them and more complex to manage the inter connectivity between branches. Next of all, MPLS provides a centralised control over the connectivity of branches. Customers only need to provide only one connection from their office router to the service provider rather than setting up and managing individual points between each office. This central control effectively removes the need for additional trained manpower. Additional benefits can be realised through this central management as a business is given greater control of Internet usage as well. The following figure shows how a service provider connects several customers using MPLS as a centralised point without complexity Another reason is VPN over MPLS is more secure than connecting entire sites using firewalls because there is no separate private network for a customer in such a situation. Each siteà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s firewall will establish connectivity over the internet using IPSEC. It makes much security threat over the data. Other MPLS Applications MPLS QoS MPLS quality of service helps to classify the traffic such as voice, data, signaling, best effort and other traffics and guarantee the allocated bandwidth Traffic engineering One of the most obvious advantages of MPLS is that it provides customers with a number of tools for traffic engineering. An MPLS network can offer the same sort of quality of service guarantees that data transport services like Frame Relay or ATM can, without requiring the use of any dedicated lines. Multicast routing Protocol Independent Multicast (PIM) is the control protocol used to create FEC tables; extensions of version 2 of the PIM protocol are used to exchange FEC-label binding. Pseudowires These can be used to evolve legacy networks and services, such as Frame Relay, ATM, PPP, High-Level Data Link Control (HDLC), and Ethernet. Traffic is accepted into the network via a variety of access technologies, labeled at the edge, and transported over a common MPLS core. At the network egress, the label is removed and delivered in a manner similar to the ingress implementation. Generalized MPLS (GMPLS) The goal of GMPLS is to integrate control of the routing layer with that of the optical transmission layer, thus facilitating the implementation of traffic engineering across the network. Optical cross-connect platforms do not examine traffic passing through themà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬in contrast to routers, for example. GMPLS deployment links capacity provisioning in the optical layer for an automated execution of resource reservation (for example, bandwidth brokering and provisioning). MPLS Architecture MPLS architecture consists of two planes such as Forwarding plane and Control plane. The above diagram shows the conceptual diagram of MPLS architecture. The MPLS control plane is a collection of protocols that collectively establish network level functionality in MPLS networks. The protocols are implemented as software in routers. They will communicate with each other and transfer signaling information. Protocols specify the message formats, syntax, semantics, and transaction sequence for the message exchange. The main functionality performed by the control plane is to establish the Label Switched Path for packet forwarding. The data plane is used for the transport of packets (or label swapping algorithm). This separation permits applications to be developed and deployed in a scalable and flexible manner. MPLS Operation The above diagram shows the MPLS functionality. The edge routers of the MPLS cloud is known as Label Edge Routers (LERs) or Provide Edge routers (PE Routers). These edge routers are designed to inspect IP packets entering the network and add MPLS headers, as well as removing the headers from packets leaving the MPLS network. In central of the MPLS cloud there are four backbone routers placed. These routers are known as Label Switch Routers (LSRs) or P routers look for an MPLS label on each packet that passes through them, looking up and following the instructions contained in those labels, routing them based on a list of instructions. MPLS allows administrators to define routes known as Label Switched Paths (LSPs) from one LER to another, through a series of LSRS, across the MPLS network. These LSPs are pre-assigned and pre-engineered paths that packets with a certain label should follow. MPLS Labeling Forwarding Equivalency Class (FEC) is used in MPLS to describe the identical characteristics packets which may forward in the same way. Characteristics determine the FEC of the packets but typically it is at least destination IP address. FEC consists of a group of IP destinations for which a fixed-length identifier is assigned which is called label. The path corresponding to each FEC between the ingress (PE router which accept the packets to MPLS cloud) and egress (PE router which send off the packets out to MPLS cloud) LSRs is called Label Switched Paths (LSP). An FEC, therefore, determines how packets are mapped to an LSP. A label is assigned to the FEC imposition operation either by tagging an existing field or as a complement in the packet header. The label is pivotal to the establishment of the LSP through all the routers. Each LSR analyzes the incoming packet label. Then after consulting a label table that permits it to recognize the LSP, the LSR switches the packet to the next LSR after changing the value of the label. The label is removed at the egress LSR or a disposition operation is performed.

War on Drugs Speech -- essays research papers fc

WAR ON DRUGS SPEECH   Ã‚  Ã‚  Ã‚  Ã‚   The following speech is to be presented to the youth of America currently enrolled as High School Students. The topic of the War on Drugs directly coincides with the War on Terrorism. In order to stop terrorism, the funding through drugs must be stopped. The presenter will be using first person speech to make for a more personable presentation. On September 11th the United States became the victim of terrorism on our own shores. Many of you here are very aware of the Al Queda by now, and the name of Osama bin Laden has become a household term. I come to you today with a request for your support to help me fight the War on Terrorism along with me. We must first start by hitting the terrorist where it counts, which is their bank account that is funded by drug money. We must come together and stop the use of drugs in order to stop these acts of terrorism from occurring around the world. According to the Office of National Drug Control Policy, â€Å"Drug use hurts our families and our communities. It also finances our enemies,† (Walters). I come to you today as an ally against the War on Drugs. With your help, together, we can stop the drug funding of terrorist organizations right here in your own neighborhood. Accomplishing this mission will require the help from every individual in this room. No one here is insignificant when it comes to the mission of fighting the War on Drugs and ending terrorism. Even if you have never...

othello :: essays research papers

  Ã‚  Ã‚  Ã‚  Ã‚  Women in Othello are very profound. They are very dependent on their men. During the 16th Century, women were traditional and accustomed to being submissive to their men/husband. Desdemona secretly married Othello a â€Å"Moor† (a black man). She is devoted to her husband, and respects and obeys his wishes. Even though Othello can be cruel to Desdemona, his wife Desdemona responds to her husband in a way that she gets her point across, and still respects Othello. Women during the 16th century were not highly honored by men. During that time women in Othello were very dependent on men.   Ã‚  Ã‚  Ã‚  Ã‚  Desdemona father has learned that she has married Othello. Her father Senator Brabinto is very furious. Desdemona has come to confront her father: â€Å"How to respect you. You are the Lord of duty; I am hitherto your daughter. But he’s my husband, and you, preferring you before her father, So much I challenge that I may profess. Due to the Moor my Lord†(lit.act1sceneIII v186-91) Desdemona is saying she loves and respects her father the same as her mother did, but she also respects her husband, and will stand by Othello.   Ã‚  Ã‚  Ã‚  Ã‚  Emilia’s is the wife of Iago. Emilia is cynical, and a worldly woman. She speaks as though she understands and knows men very well. To Emilia men are callous and betraying. They want whatever they can not have, and what they have they do not want. Her relationship with her husband is unworthy. Iago lies and will do anything to get what he wants. Emilia is asked by her husband to steal a handkerchief of her mistress (a maid), Desdemona. Emilia refuses to do such a thing. She love Desdemona and would never hurt her. Coincidently Emilia found the handkerchief lying on the floor. She surprised Iago with the handkerchief, and he is well pleased. Emilia’s regard for Othello is unpleasant. She realizes that Othello is very jealous towards Desdemona, his wife, and she does not like how he speaks to Desdemona.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   â€Å"Is he not jealous† (lit act III scene1 v 22) â€Å"‘Tis not a year or two show us a man. They are but stomach, and we all but food; they eat us hungerly; and when they are full they belch us† (act III scene4 v 99-102) Emilia is stating that when men bellies are full and they had enough to eat they move on to the next meal.   Ã‚  Ã‚  Ã‚  Ã‚  Bianca, a very fair looking woman, and is only mentioned in small detail.

Natural Gas as an Alternate Energy Source for Transportation :: Alternate Energy Sources

Natural Gas as an Alternate Energy Source for Transportation Petroleum, the oil that is refined to create gasoline and diesel, and that as of now is the main energy source powering transportation worldwide, releases too many pollutants into the air and is not very far away from becoming a depleted resource. As global warming becomes a larger threat, gas prices rise, and the air in cities around the world becomes increasingly polluted, it is becoming more apparent that an alternate, and cleaner, source of energy is needed for use in transportation. The best option for a replacement to petroleum is natural gas, also known as methane. Today, twenty-four percent of the total energy consumed in the United States is natural gas, which means a change is already in progress (though due to a lack of technology in natural gas recovery and stubbornness of consumers, it is happening slowly) [Pros and Cons]. However, the important question is, â€Å"why is natural gas so much better that petroleum?† To begin, natural gas is much better for the environment than petroleum. If natural gas vehicles (NGVs) were to become the norm, carbon dioxide (CO2) emissions could be alleviated by ninety percent and hydrocarbon emissions could be reduced by eighty-five percent [NaturalGas.org]. This is very important, because it is the elevated levels of carbon dioxide in the atmosphere that are responsible for the large increase in the greenhouse effect, which is thought to be causing global warming. In addition, natural gas produces only ninety-two pounds of nitrogen oxides (NO2) and one pound of sulfur dioxide (SO2) per billion Btu of energy, as opposed to petroleum’s 448 and 1,122 pounds, respectively [NaturalGas.org]. The significance of these figures lies in the fact that it is nitrogen oxides and sulfur dioxides that cause acid rain [Pros and Cons]. However, converting to natural gas would help more than just the environment. From an economic viewpoint, the widespread use of natural gas for transportation purposes as opposed to petroleum in the United States would not only relieve American reliance on foreign oil, but would also help the economy. This is because eighty-seven percent of natural gas consumed in the United States is â€Å"domestically† produced, which means it is produced in America [NGVC]. Therefore, using natural gas instead of petroleum as an energy source for transportation would help the environment and the American economy. Natural Gas as an Alternate Energy Source for Transportation :: Alternate Energy Sources Natural Gas as an Alternate Energy Source for Transportation Petroleum, the oil that is refined to create gasoline and diesel, and that as of now is the main energy source powering transportation worldwide, releases too many pollutants into the air and is not very far away from becoming a depleted resource. As global warming becomes a larger threat, gas prices rise, and the air in cities around the world becomes increasingly polluted, it is becoming more apparent that an alternate, and cleaner, source of energy is needed for use in transportation. The best option for a replacement to petroleum is natural gas, also known as methane. Today, twenty-four percent of the total energy consumed in the United States is natural gas, which means a change is already in progress (though due to a lack of technology in natural gas recovery and stubbornness of consumers, it is happening slowly) [Pros and Cons]. However, the important question is, â€Å"why is natural gas so much better that petroleum?† To begin, natural gas is much better for the environment than petroleum. If natural gas vehicles (NGVs) were to become the norm, carbon dioxide (CO2) emissions could be alleviated by ninety percent and hydrocarbon emissions could be reduced by eighty-five percent [NaturalGas.org]. This is very important, because it is the elevated levels of carbon dioxide in the atmosphere that are responsible for the large increase in the greenhouse effect, which is thought to be causing global warming. In addition, natural gas produces only ninety-two pounds of nitrogen oxides (NO2) and one pound of sulfur dioxide (SO2) per billion Btu of energy, as opposed to petroleum’s 448 and 1,122 pounds, respectively [NaturalGas.org]. The significance of these figures lies in the fact that it is nitrogen oxides and sulfur dioxides that cause acid rain [Pros and Cons]. However, converting to natural gas would help more than just the environment. From an economic viewpoint, the widespread use of natural gas for transportation purposes as opposed to petroleum in the United States would not only relieve American reliance on foreign oil, but would also help the economy. This is because eighty-seven percent of natural gas consumed in the United States is â€Å"domestically† produced, which means it is produced in America [NGVC]. Therefore, using natural gas instead of petroleum as an energy source for transportation would help the environment and the American economy.

Online Bus reservation system Essay

1-INTRODUCTION: Bus Reservation System is use for traveling company to manage data, so that all the transactions become fast and there should not be any error in transactions like calculation mistake, bill generation and other things. It replaces all the paper work. It keeps records of all the bills also, given to the customers, so that user could update his daily accounts. All most care and back-up procedures must be established to ensure 100% successful implementation of the computerized Bus reservation system. 2-PROBLEM IN BRIEF: Seat reservation in bus management system is manually operated by group of people. In this regard many people involve in the activity of of keeping regard of the tickets, BUS, the ‘TIME’ of arrival and ‘DEPARTURE’ train numbers, passengers’ name, address, and gender. If the passenger will be in the large number then managing all of them can become issue. Most of time passengers get late due to the slow and inefficient management by the staff. They get irritated in crowd and feel un-comfortable I n getting of a ticket to go on journey of their desired place. So a reliable way is needed to improve management, decrease cost and make system faster. 2.1-Existing system: Pakistan â€Å"Bus RESERVATION SYSTEM† are neglected by the last government the management of Bus RESERVATION SYSTEM† is not so good. Most of the passengers do not purchase their tickets in advance for return reservation. Because all work is done on note books .having complex reservation. The passengers personal details such as Name, Age, CNIC, destination and Source, bus details like Bus ID,Bus name ,Max seats ,AC or Non AC And Route details like Bus is going from Source to Destination ,Route ID ,Route name are input during booking in. The booking  office orders for preparation of the ticket before his/ her check in date. The documents are transferred manually to the Bus driver to check there tickets .It take so much time. To solve this problem we want to make online reservation system. 2.2-DRAW BACK OF EXSTING SYSTEM: Large amount of clerical time is required. The record maintainability is difficult. Accessibility of accurate information from the past record is difficult. There is always delay in information search and retrieval. It requires many people to carry out a single problem. Lot of human resources is required. Data reliability and maintainability is difficult. Lot amount of records need much place to save. The paper works have to be taken care. Develop a data base system that stores the record of the passengers, tickets, amount, trains details. Passengers, clerks and administration have separate login. Create easy and user friendly environment. Attract user interface to navigate through the system. 2.3-THE PROPOSED SYSTEM: 2.3.1-OBJECTIVES OF THE PROPOSED SYSTEM: The objective of this project is to reserve seats online and to save them from hassles to visit ‘DAEWOO Reservation Centers.’ By doing this, we are not only saving time of public but also saving their cost of traveling/parking to these centers. For Railways it is saving on their infrastructure i.e. Buildings, Air-Conditioning, Electricity, Furniture, Staff etc. this system has also the following objectives. The proposed system is comparatively faster than the existing system. As the proposed system is comparatively faster than the existing system, there will be very less rush and shorter queues at the reservation counters or centers. In the proposed system, we are also making database for all the BUS running across the country. As required, we can edit the database of the BUS and also add  the new BUS which will be proposed in future budgets. The acquisition and maintenance of a relational database with the help of hardware, communication network and software including system design. To assess the system chosen in the project operates in an adequately controlled environment. Whether the application’s control is adequate and if the system is in compliance with rules. Adequate security from possibilities of fraud. To show an effective mechanism to ensure most economic usage of available resources. 2.3.2-SCOPE OF THE SYSTEM: The scope of project included evaluation of the application and was primarily concerned with the transactions related to booking of tickets from the terminals operated by the DAEWOO personnel. The records maintained in the database of the DAEWOO reservation center were also reviewed. Discussions were held with the database users to gain understanding regarding the various functional aspects of the system. Application controls, simulation and online enquiries were used to evaluate data validation and program logic. The selected data, as made available, for substantive checking of the completeness, integrity and consistency of data using computer assisted applications such as JAVA, MS Access and Structured Query Language (SQL). 2.3.3-THE ADVANTAGES OF THE SYSTYEM: The system enables easy and fast access to the passenger files. The system provides better data management facilities. The system enable online booking of passenger into the bus reservation office . The system provides performance evaluation of the employees to ensure maximum output from the employees. The system provides security measures to access to the bus reservation system information lowering data security threats. The system help reduce the congestion of passengers ensuring best service output for customer satisfaction purposes. Easy update of the passenger records. High customer service standards attract more passengers to the bus reservation system. Reduction of data entry and processing errors. Greatly reduce paper use at the Bus reservation system. 3 IDENTIFICATION OBJECTS:- The visible objects are the following Bus system (administration) Passengers Rout 4-FUNCTIONAL REQUIREMENTS:- The system should allow any person to reserve a bus ticket. The passengers can buy a tickets by filling form or after inquiring the tickets availability. The user name can be same but the id should be unique. After getting response from the system administration the user must book tickets and pay charges for that. The printed form of the user should be provided by the clerk if user want to cancel its reservation the administration should return/refund money. 4.1-Administrator Interface: 4.2-Reservation And Print Ticket Interface: 5-Processing requirements: To realize the targeted achievements at the Reservation system will require the following necessities. Although at a high cost, the benefits are outstanding. 5.1-Type of computers: It’s highly advised that the most convenient computers to be used should be minicomputers from authorized dealers most advisedly DELL. This will ensure maximum compatibility, user friendliness, and reliability. 5.2-Operating system: The system analyst advices that the hotel should install WINDOWS 7/windows 8 with an OFFICE 2007 package to realize the maximum potential of the system. The operating system’s high functionality value and the big deal of beneficial tools prompted the system analyst to recommend it as the most advantageous operating system. 5.3-Data processing modes: Batch processing shall be applied at accounts department to generate daily reports for the Booking transactions. 5.4-Networking requirements: Since ensuring efficient and reliable communication at the BUS Terminal is one of the objectives of the system, the system will rely on a network. It’s recommended that good cable be used for PTCL call reservation system. 5.5-Minimum hardware requirements: 250GB hard disks . Computer memory of >1.5GB and processor speed of 2.8GHz Windows 7 operating system 1GB RAM 5.6-Input devices: Keyboards, Mouse. 5.7-Output devices: LCD, speakers, Printers, Plasma Panel. 6- SCOPE OF FEASIBILITY :- Implementing this project idea is supportive and can improve the design, performance and greater usability. The task of performance evaluation of different databases design, for efficiency is in the spirit. 7- MOTIVATION:- This project is dedicated to: Model the existing BUS Reservation system. Provide comprehensive set of features to enhance the operational limits. Evaluate their performance in different scenarios. Suggest modifications for greater efficiency. 8-METHODOLOGIES: The methodology that will be used throughout the development process will be a variation on the waterfall life cycle. As the requirements for the project are unlikely to Change dramatically this methodology will fit the project. If the project looked like the requirements would be changing often a more agile methodology would have been chosen. The waterfall lifecycle works by following a strict path through The development process not moving on to the next stage until the previous stage has been completed. The stages for this project will be: The first stage of the project will involve researching into existing systems, user expectation and then drawing up the requirements of the project. Once we have the functional requirements have been decided upon the Second stage will involve research into the non-functional requirements of the project for instance security and accessibility. Once the functional and non-functional requirements have been decided upon and the technologies to be used have been decided, the system will be design. Once the design process has been completed the implementation stage can begin, although there will be no formal test driven development for this project when new Features are added or code is edited the system will be tested to ensure that no bugs have been introduced into the program. Once the implementation has been completed the entire system will be thoroughly tested. 9-CASE Tool: Microsoft Word 2010 Microsoft Access 2010 Net Beans IDE 7.3 10-Delivery TimeLine Milestone Description Complete 1Proposal and Planning 03/10/2014 2Concept Design TBA 3Primary Page Development TBA 4Secondary Pages TBA 5Review and Testing TBA 6Final SubmissionTBA 11-Conclusion: To develop a system that would computerize the Seat Reservation, the system analyst has been able to come to a successful end of a journey that has seen him through ups and downs, hills and valleys that even seemed impossible to climb. By God’s grace the system analyst has accomplished the dreams that he had when he wrote down the objectives of this system. As he concludes, he is grateful that the system will be able to serve its intended purpose and meet its objectives to the satisfaction of Passengers.

Effects of Societal Changes in Management Practices Essay

Companies are faced with the need to uplift competitive standards through implementation of measures that take care of the demands and challenges brought about by societal changes. The changing societal trends should be accompanied by changes in management practices. The changes covers the areas of responsibilities such as strategic planning, reinforcing the values and ethical issues of the company, analytical work, training employees and the adoption of the relevant technologies which can reduce the workloads on employees. Much effort should also be geared towards the retention of the employees (Duckier, 2006). The management has the responsibilities to foresee the future labor requirements projected through the use of techniques such as environmental scanning. Information from journals, mass media, potential think tanks, public opinion surveys, research, NGOs among other sources are of positive contribution for an environmental scanning (Duckier, 2006). Demographic Changes  Societal aspects related to demographic changes include age, social class, gender, fertility rates, mortality rates and family mobility. Demographic factors include increasing life expectancy of people, immigrants into the society, aging population, baby boomers approaching retirement and generation diversity among others all of which are associated with some demands. Increased life expectancy has led to employees working longer as a result of increased healthier lives. Financial concerns further extend their working life. Ageing in population as a demographic factor, affects economic, political environmental physical as well as cultural aspects in the society and workplace. Health provision and other social services and the company’s potential to pay for them are affected by population ageing (Society for Human Resource Management, 2003). Social Changes Social Changes are mostly caused by advance in technology. In an effort to adapt the upcoming technology there arises some economic imbalance between some agents (Society for Human Resource Management, 2003). Diversity has a vast range of concept ranging from personality and work style to all of the visible dimensions such as race, age, ethnicity or gender, to secondary influences such as religion, socio-economics and education, to work diversities as management and union, functional level and classification, or proximity to headquarters. Today’s impetus behind workplace diversity is compliance and inclusion in the business. The collaboration of cultures, ideas and different perspectives brings greater creativity and innovation resulting to improved organizational performance. Today’s paradigm is integration, learning and promotion of equal opportunities and value cultural differences, using talents of all employees to gain diverse work perspective. Diversity caused by immigrants, participation of women in the workplace and the aboriginal populations causes some considerable pressures in the workplace (Society for Human Resource Management, 2003). The management is faced with the duty of training the immigrants ranging from the internal language to the internships in the workplace. The management is also entitles to recognize credentials of the immigrants of their alien countries. Disabled employees are another aspect of diversity. The number of disabled employees increases with age, while more women than men are disabled. The issue of disability in the workplace calls for the management to face accommodation issues and offer more flexible schedules for work delivery (Frederick, 1996). Ethnic minorities have become significant inclusions into the labor market making diversity brought about by culture a significant component of a global labor market. The diversity brought about by culture has therefore called for some strategic management approaches to facilitate the retention of the talents in the workplace. Culture is a significant factor in the process of talents hiring keeping and development in the organization. The process involved in management becomes acceptable and effective due to the influence of the people making applications and prospecting to join the organization hailing from diverse cultures. Culture is also a potential moderator of the relationships in the organization (Stone, Stone-Romero & Lukaszewski, 2007). Implications in management practices Implications of this societal changes in the company requires the following roles in the management practices Developing and Implementing HR plans: Management practices should focus on assignments as well as opportunities involving the required number of people, specific place and time, peoples qualifications, their growth needs, development and rewarding the employees. Competencies involving the skills and inherent knowledge of the workers are utilized for a successful performance. It involves the already existing, competencies required for the future, those that can be avoided and whether the company will hire or develop the needed talents. Behaviors reflect attitudes of employees, the organizational values, detrimental behaviors to the company, whether there is need of behavior elimination or behavior modification and the behaviors that affect the customer. Employees should work longer hours, work in a more smatter way or be more hardworking, motivation is important towards retention of the worker and the degree of reliability. Managers should also conduct a review and focus of results achieved. The results serve as a guide for required corrections and setting future paces of duty and task performance (Jones, 1991). Recruiting and Retention of Employees: In majority of organizations retention of talents acquired overtime is important for the purpose of the company’s viability and attaining a market competitive advantage. Many workers complain of lack of opportunities for advancement of their careers, unsatisfactory pay and overburdening workloads. These have been causes of adverse talents turnover. To overcome these, the company should strive to make all efforts towards retention of their qualified and skilled employees achieved through motivation. Company managers should appreciate the existing competition brought about by globalization. The impacts of retention on the performance of the company have been found to be desirable. Turnover has been attributed to adverse relationship between the task performing workers and their managerial staff. The company should thus initially identify the right talents for specific duties followed by all efforts to retain the talent. In the efforts to sustain the business, the employees should be made satisfied since â€Å"people management is the next frontier for extracting and crafting more value from company assets† (Jones, 1991, 16). The talents turnovers are never caused by issues of compensation packages and the relevant benefits entitled to the employees but rather a management issue. Three key areas requiring concentration by the company are the process of the company and the inherent structure, the developments of the people and a conducive environment of working for the employees. It is a great loss to the company in a situation where a talent is hired, internal training offered and all the necessary items required for the job offered to an employee then within a short period of performance, the employee l eaves the company for employment in another company. Any company should therefore adopt the simplest and most effective strategy of management of getting the right people, keeping these people in the company and developing the people for the benefit of the company (Social Trends 2000, Labour Market Trends, 2002). The simple strategy enhances the rest of the functions such as diversity, compensation, compliance etc. (Jones, 1991). The right choice should be made, the reasons why the people quit the company understood and make appropriate use of time to develop the potential in the people while offering opportunities for their development (Jones, 1991). Labor Productivity: The productivity of labor in any company should be cost effective. The input of labor is associated with costs which should linearly relate to the labor output value. Labor management in any business organization should be dictated by the size of the organization. For healthy cost effectiveness in labor, the existing workers should be handsomely remunerated, offered internal trainings in the work place, their skills tapped to the maximum and uplift their working morale. This essentially reduces the company’s labor costs on individual perspective and increases productivity (Social Trends 2000, Labour Market Trends, 2002). Organization Flexibility: The Company should target the profit margin while utilizing the labor resource. Much productivity should be achieved while the cost of labor should be competitive. Flexibility has been taken from the point of both financial and numerical (head count) perspectives. For appropriate coping with the flexibility in the company, both short-turn and long-term measures are at the disposal of the managerial entity of the company (Social Trends 2000, Labour Market Trends, 2002). Social Legitimacy: The citizens and nations to which the workers bear their origin are significant contributors of development and nurturing the talent inherent in these individuals. The organization employing the talents are therefore submissive to the neighboring society and the government who have the power to regulate the environment the workers are subjected to. Most companies only address the most basic and minimum responsibilities of societal concern such as health issues and safety issues. The companies are duty bound to uphold the ethical practices associated with employment issues of child labor, unionizable rights, forced labor in addition to the safety/ health issues should be accorded significant address and any complaints from employees for lack of compliance looked at (Boxall & Purcell, 2002). Globalization of the current decade has brought about competition for talents. In the circle of HRM, there exist some strategic tensions as a reality. Examples of such tension include labor scarcity and labor motivation. The labor scarcity calls for individual firms to compete actively against other companies. According to the laws advocated against forced labor any worker can terminate services in any company for an employment opportunity in another company. The ability of any company to become dominant and competitive in the market as far as labor is concerned depends to a great degree to its ability to compensate workers and avail development opportunities for its worker (Boxall & Purcell, 2002). Labor motivation creates a strategic tension as a result of the mode of relationship between the workers and their managerial staff. Both the worker and manager interact on the basis of trust element. Nobody is capable to exercise entire control over another person and in any interactions, conflict due to diversity in individual interest are un- escapable. Most businesses are based on capitalism which exhibits exploitation while the workers are more oriented towards a more pluralistic tradition. Motivation entails the level of recognition of the worker at the workplace and to what extent the tasks are seen to be interesting to the workers. The degree of trust the worker expects from the managerial staff also determines the extent of strategic tensions brought about by motivation (Boxall & Purcell, 2002). Changing Management: For the viability of the company the management should address the aspects of cost effectiveness in productivity. For flexibility within the organization and legitimacy, â€Å"employers require workers to be both dependable and disposable† (Boxall & Purcell, 2002, 17). Brilliance in performing the duties and tasks is an important component of management. Management approaches such as â€Å"Taylonism† (Scientific Management) â€Å"Human Relations Movement’ and’ Total Quality Management† (Boxall & Purcell, 2002, 18) have in the past been formulated all aimed at enhancing human resource management. The basic concept is a participative role of every employee in the company’s decision making, commitment in execution and implementation of company’s policies all of which have important bearing towards motivation of the task performing employees (Boxall & Purcell, 2002). The Theory of Performance can be adopted by managers to cope with societal changes in the work place. Boxall & Purcell, (2002) have described this theory as â€Å"High Performance work systems, HPWS (p21). It entails adding the value to each individual employee by enhancing â€Å"productivity, defect rates and the proper utilization of the factory space† (p21). In the process of improving productivity great care should be taken to avoid stressing workers. The theory aims to effectively motivate workers, to widen the company’s social legitimacy and the employees’ attitudes of the employer. Conclusion The ideal reasons as to why people in any organization perform to the standard are knowledge, expertise, skills and experience, they are beefed with the necessary motivation and incentives, and they are surrounded by a conducive working environment and are allowed appropriate channels to express themselves. The work systems of the company and the employment models of the same company are some added components of labor management acting at individual as well as collective perspectives of people’s management. Talents inherent in people in any organization play a very significant role in the company’s steps towards gaining competition advantage. Any organization requires that the existing talents are utilized with commitment of the highest order and exhibiting flexibility

Analysis of the Modernist Design Style

Modernism is appear in 20Thursdaycentury. And Modernism is including simple and no ornament design manner. Although this manner was appear early 20Thursdaycentury and have different interior decorators or designer have many spread. But still hold excessively small modern architecture physique in early 20Thursdaycentury. After World War II, they become many company and bureau. And do this manner be the top. Here have some designer is more celebrated. Walter Gropius, Ludwig Mies van der Rohe, Le Corbusier and Frank Lloyd Wright. Frank Lloyd Wright is one of the celebrated designer in early 20Thursdaycentury. He is a American Institute of Architects, interior interior decorator, Writer and Educators. His design undertaking is over 1000 and complete about five 100s. And he believes that design should accomplish harmoniousness between worlds and the environment. And it become Organic architecture. For illustration, Fallingwater is the celebrated on the universe. This design can turn out his thought. Besides this design is one of the best designer on the American. More than 70 old ages of his calling at Architects. He design different architecture. It including Office, Church, Skyscrapers, Hotel and Museum. Besides he design some furniture and stained glass. In his life he write over 20 book and article. And he is the celebrated talkers. In 1991, American Institute of Architects name Wright â€Å"The best Architect† . He designed different architecture. And his design was celebrated. For illustration, Robie House, Imerial Hotel, Fallingwater, Taliesin West, The Solomon R. Guggenheim Museum, Price Tower and Jonson Wax Headquarters. Besides his thought was affected many interior decorator. Person said how Wright work alteration American architecture, but person said â€Å"How did n't Frank Lloyd Wright alteration architecture in America I think is truly the manner to state it because it is difficult to conceive of what American architecture would be like or even likely universe architecture without Frank Lloyd Wright. About the Organic architecture, he has a celebrated plant. It called Fallingwater. Fallingwater physique in 1934-1937. In 1991, members of the American institute of Architects named the house the â€Å" best all-time work of American architecture† and in 2007, it was ranked 29th on the list of Amercian’s Favorite Architecture harmonizing to the AIA. About the design, the form of the edifice expression natural, insouciant, stretch. Besides The chief room of the edifice with an out-of-door patio, platforms and roads, intertwined, besides obtained with the environing natural landscape with the consequence of merger. About the stuff, White concrete and rock Lashkar-e-Taiba this design expression merge in the environment. And this design is really particular. Because the platform is above the waterfall, this design in that clip is intensely. And this design was influence many designer. Besides it cause the new design manner. About the Taliesin West design, he thinks it has b een linked with the desert. So he utilize local rock and concrete. Besides the natural lighting is the chief function. Because he believes the natural lighting can allow inside the edifice connect to the exterior. His thought has affected some designer. For illustration Neville Gruzman, Kendrick Bangs Kellogg, Alvar Aalto, Nari Gandhi and Bruce Goff. All of them have build Organic architecture. Such as Neville Gruzman. Hills House and Gruzman House is the celebrated organic architecture. Besides Hills House is the work is thought of as a two 20Thursdaycentury houses: â€Å"Fallingwater† and â€Å"Farnsworth House† . And Gruzman House is use stuffs such as dark stained lumbers and natural brick. His designer is conform Wright method. About Bruce Goff, he said that his hero is Wright and Sullivan. Then he started to reach the original design. Bavinger House is important illustration of organic architecture. The house has no interior wall ; alternatively there are a series of platforms at different tallness, with drapes that can be drawn for privateness. The design usage many natural dark, make the inside country connect to the exterior. Kendrick Bangs Kellogg is an pioneer of organic architecture. In 1955, he met Wright and the brief meeting provided an inspiration. His design is non fit neatly into the same with Wright, Bruce Goff or other organic designers. His edifice are surveies of superimposed, segmented and unfolding infinite. And he design Onion house. It is a landmark of organic architecture. The design usage employs semitransparent curving roof panels. Since with no outside walls, the division between interior and exterior consists of screen or stained glass. But person possibly doesn’t cognize what organic designer is. So Wright explains that, it is term meant from nature, organic architecture was so a natural architecture. And now we eventually understand what organic designer is. And he believe good edifice is non one that hurts the landscape, but one which makes the landscape more beautiful than it was before the edifice was built. So he wants clean lines and simpleness. And disliked intricate item and irritability of the architectural manners. In add-on to organic designer, Wright steel has affected other designer. For illustration John S. Van Bergen. And his manner is Prairie manner places. About the Prairie manner. In 1909, Wright developed what known as the Prairie Style. Typical Prairie manner place is distinguished by horizontal lines on the outside, emphasized by a low-pitched hipped roof. But Wright use different colour, and allow the ceiling highs and hallway breadths to alternately compress and spread out the sense of infinite. His design went beyond the edifice to the finest inside informations of the interior infinite, include furniture, art glass and other interior design. And the celebrated prairie manner designer is Robie House. It was designed in 1908. Frank Lloyd Wright’s designs of place and edifice have inspired coevalss of designers, including most of what is called â€Å"modern architecture.† His influence is international—many other states have considered Frank Lloyd Wright’s designs as a major templet of their modern-day manners. More than 30 provinces in the United States possess Frank Lloyd Wright constructions and most architectural critics agree with that every province in the state has edifices that reflect Wright’s manner. Presents, when human want to develop something else, and they will destruct the natural. So they must retrieve that Wright has said the human existences and nature can conexist. And it is of import, even he is gone, but his architectural theory still affected other interior decorator. But person think he was chesty adult male. Because he want to allow his ain considerable on his clients. For illustration, Fallingwater. The design is particular and advanced. But despite there may be dangers he still carry out his out his design. I think his behaviour is right. Because if one’s creativeness is easy affected by the others, so that one is non a qualified interior decorator. Plagiarism:24 % hypertext transfer protocol: //encyclopedia.jrank.org/articles/pages/6404/Wright-Frank-Lloyd.html hypertext transfer protocol: //freshome.com/2012/09/03/10-great-architectural-lessons-from-frank-lloyd-wright/ hypertext transfer protocol: //translate.google.com.hk/translate? hl=zh-TW & A ; sl=en & A ; u=http: //en.wikipedia.org/wiki/Frank_Lloyd_Wright & A ; prev=/search % 3Fq % 3Dfrank % 2Blloyd % 2Bwright % 2Binfluences % 2Bon % 2Barchitecture % 26sa % 3DN % 26biw % 3D1367 % 26bih % 3D840 hypertext transfer protocol: //en.wikipedia.org/wiki/Bruce_Goff hypertext transfer protocol: //en.wikipedia.org/wiki/Neville_Gruzman hypertext transfer protocol: //en.wikipedia.org/wiki/Kendrick_Bangs_Kellogg hypertext transfer protocol: //www.distinctbuild.ca/neville_gruzman_architect.php

Bw/Ip International, Inc Case

Valuation of Corporate Finance BUFN 750 BW/IP International, Inc 1? BW/IP is a good candidate for the leverage buyout. * Steady cash flow (around 30 million per year). * Strong management team. * Positive NPV (about 61. 5 million) The NPV of BW/IP is 61. 5million(301-239. 5). Thus, we are quite optimistic about this BW/IP’s project. Calculating the NPV. Method: APV: VL=VU+PV (ITS). We can get the interest paid schedule from the BW/IP’s projected operating performance, which means there is a pre-determined interest paid to debt holders.Assumption: Tax rate: 38%. From 1991 to 1993, the tax rate remains to be constant, which is 38%. And we assume that the tax rate will continue to be 38%. Exhibit 1 shows the process of calculating tax rate: Growth rate:We assume the project will last for infinity, and grow in perpetuity after year 1992. And we use the average annually growth rate from 1990 to 1993 as our perpetuity growth rate, which is 2. 3%. Change in NWC:We subtract cas h from NWC provided in the case and we get the adjusted change in NWC.The calculation is presented in Exhibit 2. Discount rate:Typically, the investment horizon of a common leverage buyout range from 5 to 10 years, so we use the ten years treasury yields, ending at 1987 as the risk free rate, which is 8. 79%. For the market return, we use the S&P 500 index in 1980s, which is 12. 79%. Thus, we can easily get the risk premium. Exhibit 3 shows the process of calculating discount rate. Tax shields:Giving the interest paid schedule, we can figure out the tax shield each year from 1988 to 1993 at the tax rate of 38%.Discount rate: with a pre-determined debt and interest paid, we should use the cost of debt to get the present value of interest tax shield, because the risk of tax shield is moving together with the risk of the loan (debt), instead of the total assets. We assume the corporate borrowing rate is the same with BBB long-term bond, which is the cost of debt, 10. 63%. Thus the pres ent value of tax shield from 1988 to 1993 is 31. 91. We assume perpetual debt from the year 1994, and the same growth rate, which is 2. 3%. Exhibit 4 shows the processing of calculating tax shields.The FCF is presented in Exhibit 5. Sensitivity Analysis for BW/IP is presented in Exhibit 6 2? We favor the proposed acquisition of UCP. The primary sources of value in the transaction include: * Low capital or cash requirement UCP is a small firm, which would require additional borrowing by BW/IP of only 13 million. * Synergy and efficient gains. UCP’s product line complemented BW/IP’s extremely well because UCP’s most attractive feature was its installed base in the petroleum industry and together they would have the largest installed base in the petroleum segment. Improved management Takeover can improve management because interest and principal payments can force management to improve performance and operating efficiency. The proposed price is reasonable, because it is higher than the levered value of the project, which is 48. 17. Method: APV: VL=VU+PV (ITS). Assumption: Tax rate: Tax rate=38%, which is the same as the tax rate for BWIP. Growth rate: We use the average annually growth rate from 1991 to 1993 as ourgrowth rate,which is 6%. Discount rate: We use the ten years treasury yields, ending at 1988 as the risk free rate, which is 9. 4%. Exhibit 7 shows the calculation of Vu Exhibit 8 shows the calculation of PV(ITS) Sensitivity Analysis for UCP/IP is presented in Exhibit 6 3. How do the various features of the BW/IP buyout affect the company’sdecisions about long-horizon opportunities such as the UCP acquisition? What are the advantages and disadvantages of the 1987 buyout, viewed as afinancial program? After the buyout, BW/IP became a privately owned company which was less dependent from Borg-Warner Corporation than before in decision making.For the opportunities that the managers favored, such as the UCP acquisition, the compa ny had more chance to carry on the deal. However, for the case in which larger amount of financing is required, the company may not be competitive enough without Borg-Warner’s financial support. The buyout could generateda better and a more efficient management, by changing the corporate structure (including modifying and replacing executive and management staff, unnecessary company sectors, and excessive expenditures), BW/IP can revitalize itself and earn substantial returns.However, since the 1987 buyout is highly leveraged, the new company has a high debt-to-equity ratio, which means the company needs to achieve required return to pay the cost of debt or faced the chance of bankruptcy. Besides, the leveraged buyout is also considered to be a risky project, which may be easily affected by economics environment. The chance of success tends to be larger under steadily growing economy, while smaller in recession periods. 4. As one of BW/IP’s bankers, would you approve t he company’s request for a waiver of covenants and financing of the UCP acquisition?Yes. A banker will not approve to finance a project unless he has confidence in the profitability of the project and in that he can get his money back. The projected NPV of the UPC deal is 48. 17 million dollars, which is far bigger than the offer 18. 5 million dollars. To analyze this qualitatively, the expected success of the UCP acquisition comes from several aspects. Undeniably, the economic and industrial forecast is against financing a risky project . However, the deal will generate positive synergies since UCP’s product line complemented BW/IP’s extremely well.BW/IP will raise its competence in both original equipment and aftermarket sector domestically as well as internationally after acquiring UPC. Besides, as mentioned in the case, the good credibility of Mr. Valli and his team and that C&D’s principals were experienced and respected in the financial community wi ll affect bankers’ attitude. Exhibit 1: Tax rate | 1987| 1988| 1989| 1990| 1991| 1992| 1993| EBT| -9. 56| -0. 001| 8. 91| 12. 95| 17. 31| 19. 49| 23. 57| Income tax| 2. 8| 0| 0| 3. 61| 6. 58| 7. 41| 8. 96| Tax rate| -29%| 0%| 0%| 28%| 38%| 38%| 38%| Exhibit 2: Change in NWC AR| 58. 68| 53. 1| 51. 69| 55. 08| 59. 11| 63. 6| 67. 91| 72. 54| INV| 58. 5| 58. 39| 60. 72| 64. 66| 69. 57| 75. 46| 80. 29| 85. 53| Other current asset| 3. 91| 3. 49| 4. 42| 4. 7| 4. 99| 5. 31| 5. 64| 5. 99| AP| 15. 78| 18. 12| 19. 73| 20. 94| 22. 32| 23. 78| 25. 19| 26. 69| Other current liabilities| 14. 92| 17. 29| 15. 19| 16. 12| 17. 1| 18. 23| 19. 36| 20. 56| NWC| 90. 39| 79. 57| 81. 91| 87. 38| 94. 25| 102. 32| 109. 29| 116. 81| Change in NWC| | -10. 82| 2. 34| 5. 47| 6. 87| 8. 07| 6. 97| 7. 52| Exhibit 3: Cost of capital Cost of capital| 17. 5%| CAPM| Rf| 8. 79%| Exhibit 7 | ?a| 1| Hint| Market return| 12. 79%| S&P 500 index in 1980s| Risk premium| 4. 00%| |Exhibit 4: Interest tax shield | 1988| 19 89| 1990| 1991| 1992| 1993| Total interest paid| 0. 63| 1. 75| 1. 66| 1. 51| 1. 4| 1. 22| ITS: tax [email  protected]%| 0. 24| 0. 67| 0. 63| 0. 57| 0. 53| 0. 46| Cost of debt 10. 63%| | PV (ITS) 1988-1993| 31. 91| PV (Terminal value)| 37. 1| Total PV (ITS)| 69. 00| Exhibit 5: Free cash flow | 1986| 1987| 1988| 1989| 1990| 1991| 1992| 1993| FCF| | 39. 37| 26. 8| 24. 62| 24. 11| 24. 57| 24. 72| 25. 8| Growth rate| 2. 3%| Terminal Value| 270| VU| 232. 89| PV (ITS)| 69| VL| 301. 89| Exhibit 6: Sensitivity analysis for BW/IP * Buyout| | * NPV| * % change of NPV| * Growth rate| * 0. 00%| * 32. | * -47. 91%| | * 2. 30%| * 62. 39| * 0. 00%| | * 4. 60%| * 109. 5| * 75. 51%| * Discount rate| * 10. 79%| * 81. 5| * 32. 52%| | * 12. 79%| * 61. 5| * 0. 00%| | * 14. 79%| * 44. 5| * -27. 64%| * Cost of debt| * 9. 63%| * 64. 5| * 4. 88%| | * 10. 63%| * 61. 5| * 0. 00%| | * 11. 63%| * 59. 5| * -3. 25%| Exhibit 7:The calculation of Vu | 1988| 1989| 1990| 1991| 1992| 1993| EBIT| -1. 15| 2. 59| 3. 29| 3. 96| 4. 34| 4. 74| Income tax @| -0. 44| 0. 98| 1. 25| 1. 50| 1. 65| 1. 80| NI| -0. 71| 1. 61| 2. 04| 2. 46| 2. 69| 2. 94| FCF| | | | | | | Depreciation| 0. 48| 0. 6| 0. 99| 0. 90| 0. 84| 0. 84| Change in NWC| | | | | | | Change in AR| 1. 13| -0. 15| -0. 22| -0. 20| -0. 13| -0. 14| Change in inventory| -0. 36| 0. 68| -0. 21| -0. 18| -0. 12| -0. 13| Change in other asset| 1. 73| 0. 00| 0. 00| 0. 00| 0. 00| 0. 00| Change in current liability| 0. 27| 0. 18| -0. 01| -0. 35| -0. 04| -0. 04| Change in NWC| 2. 23| 0. 35| -0. 42| -0. 03| -0. 21| -0. 23| Capital expenditure| 0. 18| 1. 20| 0. 40| 0. 40| 0. 40| 0. 40| FCF| -2. 64| 1. 02| 3. 05| 2. 99| 3. 34| 3. 61| Growth rate| | | | -2%| 12%| 8%| Average growth rate| 6%| | | | | | Terminal value| | | | | 53. 15| | FCF| -2. 64| 1. 02| 3. 05| 2. 99| 56. 9| | VU| 40. 28| | | | | | Exhibit 8:The calculation of PV(ITS) | 1988| 1989| 1990| 1991| 1992| 1993| Interest | 0. 63| 1. 75| 1. 66| 1. 51| 1. 40| 1. 22| ITS: tax [email  protected]%| 0. 2 4| 0. 67| 0. 63| 0. 57| 0. 53| 0. 46| Terminal value| 2. 18| | | | 10. 01| | PV (ITS)| 7. 97| | | | | | Exhibit 9: Sensitivity analysis for UCP/IP UCP| | NPV| % Change of NPV| Growth rate:| 0. 00%| 14. 35| -51. 76%| | 6. 00%| 29. 75| 0. 00%| | 12. 00%| 278. 5| 836. 13%| Discount rate:| 10. 79%| 46. 5| 57. 63%| | 12. 79%| 29. 5| 0. 00%| | 14. 79%| 20. 21| -31. 49%| cost of debt:| 9. 63%| 30. 5| 3. 39%| | 10. 63%| 29. 5| 0. 00%| | 11. 63%| 27. 5| -6. 78%|