Enterprise Resource Planning

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Enterprise Resource Planning"

Transcription

1 Enterprise Resource Planning MPC 6 th Eition Chapter 1a McGraw-Hill/Irwin Copyright 2011 by The McGraw-Hill Companies, Inc. All rights reserve.

2 Enterprise Resource Planning A comprehensive software approach to support ecisions concurrent with planning an controlling the business. ERP systems are, first an foremost, integrate. 1a-2

3 Agena What is ERP? Connecting functional units with ERP The nee for stanarization Support of MPC ecisions Transaction processing Performance metrics The ERP experience 1a-3

4 What is ERP? ERP software is l Multifunctional l Integrate l Moular l Able to facilitate MPC activities 1a-4

5 Multifunctional The ability to track financial performance in monetary terms ($, ) Can track purchasing activity in material units (pouns, kilos, tons) Follows sales in terms of proucts or services Reports manufacturing activity in terms of proucts, resources, or people 1a-5

6 ERP Scope Enterprise resource planning Manufacturing an logistics Manufacturing planning an control Sales an operations planning (front en) Material an capacity planning (engine) Material an venor management (back en) Enterprise planning moels Enterprise performance measures Data warehousing Report generation Transaction processing Human resource management Finance Sales an marketing 1a-6

7 Integrate Data entere by one functional area upates all other functional areas Eliminates reposting of ata (errors) Ensures a common vision 1a-7

8 Moular Functional units (finance, sales, manufacturing, etc.) are narrowly focuse Functional units can be combine to create a single system Software from other sources can be connecte as well 1a-8

9 Forecasting Prouction planning MPC Activity Support Material planning Inventory management 1a-9

10 Process Stanarization Without stanar terminology, integration is impossible l What is eman? l What is inventory? l How are exchange rates etermine? l What transfer costs apply (for internal transactions)? l What labor rates are applie? 1a-10

11 Decision Support Helping users make ecisions about running the business l People make the ecisions, software provies them with better tools an information 1a-11

12 Transaction Processing An ERP system is esigne to process business transactions in real time, working from a single atabase Data warehouse software may be ae to facilitate queries not built into the ERP system 1a-12

13 Performance Metrics Functional Silos Each area is responsible for optimizing its own operation, with no consieration for how the overall firm is affecte Purchasing pursues cost rather than quality Manufacturing buils long runs rather than responing to customers Distribution focuses on cost of elivery stages instea of total system costs 1a-13

14 Integrate Supply Chain Metrics Develope by the Supply Chain Council Designe to measure the impact of ecisions on the entire supply chain Avois evelopment of functional silos by eveloping metrics that reflect the entire supply chain 1a-14

15 Supply Chain Metrics Source: Supply Chain Council Measure Description Best-in- Class Delivery performance Fill rate by line item Perfect orer fulfillment Orer fulfillment lea time Percentage of orers shippe accoring to scheule 93% 69% Percentage of actual line items fille 97% 88% Average Complete orers shippe on time 92.4% 65.7% Time from when an orer is place until it is receive by the customer 135 ays 225 ays Warranty cost Warranty expenses as a % of revenue 1.2% 2.4% Inventory Days of supply hel in inventory 55 ays 84 ays Cash-to-cash cycle time Asset turns Time require to turn cash use to purchase raw materials into cash receive from customers Measure of how many times per year assets are use to generate revenue 35.6 ays 99.4 ays 4.7 turns 1.7 turns 1a-15

16 Cash-to-Cash Cycle Time Integrates the finance function with purchasing, manufacturing, an sales/ istribution Cash-to-cash cycle time = Inventory ays of supply + Days of sales outstaning Average payment perio for material Procurement cycle Manufacturing cycle Sales an istribution cycle Purchase cost of material Accounts payable Raw materials inventory Work-in-process Finishe goos inventory Distribution inventory Accounts receivable 1a-16

17 ERP View of Cash-to-Cash Time ERP atabase Purchasing Accounts payable Manufacturing Inventory Cost of sales Cash-to-cash cycle time Sales an istribution Sales Accounts receivable 1a-17

18 Calculating Cash-to-Cash Time Average aily sales (S ) Accounts receivable ays (AR ) S = S AR = AR S Average aily cost of sales (C ) C = S CS Average ays of inventory (I ) I = I C Accounts payable cycle time (AP ) AP = AP C Cash-to-cash cycle time Cash to cash cycle time = AR + I AP 1a-18

19 Cash-to-Cash Example Sales over last 30 ays = $1,020,000 Accounts receivable = $200,000 Inventory value = $400,000 Cost of sales = 60% of total sales Accounts payable = $160,000 Cash to cash cycle time S = S = AR = AR S = C I = S CS I C 1,020, , = 34,000(0.6) = 400,000 = 34,000 = = = ,400 = 5.88 ays 20,400 ays AP 160,000 AP = = = 7. ays C 20, = AR + I AP = = ays 1a-19

20 The ERP Experience Eli Lilly an Company l Integration of a global company l Process improvement l Simplifie training l Strategic irection l Organizational flexibility l Set of global policies 1a-20

21 Concluing Principles Reunant transactions must be reuce or eliminate. To maintain ata accuracy an realize efficiencies, information must be capture at the initial entry, using ocumente processes. Processes nee to be change to support the ata nees of the ERP system harware an software alone isn t sufficient. 1a-21

22 Concluing Principles The company must efine a comprehensive set of performance measures, with policies an goals that correspon to these measures. IT economies of scale can be obtaine from supporting fewer harware an software platforms. 1a-22

23 Quiz Chapter 1a To free the ERP system for basic applications, a is often use to capture, manage, an analyze ata. For a firm with average aily sales (S ) of $200,000, current inventory (I) of $1,000,000, an cost of sales (CS) of 50%, what is the average ays of inventory (I )? Which of the following actions woul be likely to increase the cash-to-cycle time for a firm? Increasing the cost, but not the price, of the prouct Taking avantage of early pay iscounts with suppliers Revaluing inventory to reflect reuctions in purchasing prices 1a-23

Supply Chain Management

Supply Chain Management 15-1 Supply Chain Management CHAPTER 15 Supply Chain Management 15-2 Supply Chain Management Supply Chain Supply Chain: the sequence of organizations - their facilities, functions, an activities - that

More information

State of Louisiana Office of Information Technology. Change Management Plan

State of Louisiana Office of Information Technology. Change Management Plan State of Louisiana Office of Information Technology Change Management Plan Table of Contents Change Management Overview Change Management Plan Key Consierations Organizational Transition Stages Change

More information

MODELLING OF TWO STRATEGIES IN INVENTORY CONTROL SYSTEM WITH RANDOM LEAD TIME AND DEMAND

MODELLING OF TWO STRATEGIES IN INVENTORY CONTROL SYSTEM WITH RANDOM LEAD TIME AND DEMAND art I. robobabilystic Moels Computer Moelling an New echnologies 27 Vol. No. 2-3 ransport an elecommunication Institute omonosova iga V-9 atvia MOEING OF WO AEGIE IN INVENOY CONO YEM WIH ANOM EA IME AN

More information

INFLUENCE OF GPS TECHNOLOGY ON COST CONTROL AND MAINTENANCE OF VEHICLES

INFLUENCE OF GPS TECHNOLOGY ON COST CONTROL AND MAINTENANCE OF VEHICLES 1 st Logistics International Conference Belgrae, Serbia 28-30 November 2013 INFLUENCE OF GPS TECHNOLOGY ON COST CONTROL AND MAINTENANCE OF VEHICLES Goran N. Raoičić * University of Niš, Faculty of Mechanical

More information

Towards a Framework for Enterprise Architecture Frameworks Comparison and Selection

Towards a Framework for Enterprise Architecture Frameworks Comparison and Selection Towars a Framework for Enterprise Frameworks Comparison an Selection Saber Aballah Faculty of Computers an Information, Cairo University Saber_aballah@hotmail.com Abstract A number of Enterprise Frameworks

More information

DETERMINING OPTIMAL STOCK LEVEL IN MULTI-ECHELON SUPPLY CHAINS

DETERMINING OPTIMAL STOCK LEVEL IN MULTI-ECHELON SUPPLY CHAINS HUNGARIAN JOURNA OF INDUSTRIA CHEMISTRY VESZPRÉM Vol. 39(1) pp. 107-112 (2011) DETERMINING OPTIMA STOCK EVE IN MUTI-ECHEON SUPPY CHAINS A. KIRÁY 1, G. BEVÁRDI 2, J. ABONYI 1 1 University of Pannonia, Department

More information

Improving Emulation Throughput for Multi-Project SoC Designs

Improving Emulation Throughput for Multi-Project SoC Designs Improving Emulation Throhput for Multi-Project SoC Designs By Frank Schirrmeister, Caence Design Systems As esign sizes grow, so, too, oes the verification effort. Inee, verification has become the biggest

More information

Optimal Control Policy of a Production and Inventory System for multi-product in Segmented Market

Optimal Control Policy of a Production and Inventory System for multi-product in Segmented Market RATIO MATHEMATICA 25 (2013), 29 46 ISSN:1592-7415 Optimal Control Policy of a Prouction an Inventory System for multi-prouct in Segmente Market Kuleep Chauhary, Yogener Singh, P. C. Jha Department of Operational

More information

Product Differentiation for Software-as-a-Service Providers

Product Differentiation for Software-as-a-Service Providers University of Augsburg Prof. Dr. Hans Ulrich Buhl Research Center Finance & Information Management Department of Information Systems Engineering & Financial Management Discussion Paper WI-99 Prouct Differentiation

More information

Concepts in Enterprise Resource Planning. 2 nd Edition. Business Functions, Processes, and Data Requirements

Concepts in Enterprise Resource Planning. 2 nd Edition. Business Functions, Processes, and Data Requirements Concepts in Enterprise Resource Planning 2 nd Edition Business Functions, Processes, and Data Requirements Chapter Objectives Name a business's main areas of operation. Differentiate a business process

More information

Bond Calculator. Spreads (G-spread, T-spread) References and Contact details

Bond Calculator. Spreads (G-spread, T-spread) References and Contact details Cbons.Ru Lt. irogovskaya nab., 21, St. etersburg hone: +7 (812) 336-97-21 http://www.cbons-group.com Bon Calculator Bon calculator is esigne to calculate analytical parameters use in assessment of bons.

More information

Goal Programming. Multicriteria Decision Problems. Goal Programming Goal Programming: Formulation

Goal Programming. Multicriteria Decision Problems. Goal Programming Goal Programming: Formulation Goal Programming Multicriteria Decision Problems Goal Programming Goal Programming: Formulation Goal Programming?? How o you fin optimal solutions to the following? Multiple criterion for measuring performance

More information

Firewall Design: Consistency, Completeness, and Compactness

Firewall Design: Consistency, Completeness, and Compactness C IS COS YS TE MS Firewall Design: Consistency, Completeness, an Compactness Mohame G. Goua an Xiang-Yang Alex Liu Department of Computer Sciences The University of Texas at Austin Austin, Texas 78712-1188,

More information

Data Center Power System Reliability Beyond the 9 s: A Practical Approach

Data Center Power System Reliability Beyond the 9 s: A Practical Approach Data Center Power System Reliability Beyon the 9 s: A Practical Approach Bill Brown, P.E., Square D Critical Power Competency Center. Abstract Reliability has always been the focus of mission-critical

More information

Enterprise Resource Planning. Dr. Chawalit Jeenanunta

Enterprise Resource Planning. Dr. Chawalit Jeenanunta Enterprise Resource Planning Dr. Chawalit Jeenanunta Chapter Objectives Name a business's main areas of operation. Differentiate a business process from a business function. Identify the kinds of data

More information

SPECIFICS OF THE APPLICATIONS OF MULTIPLE REGRESSION MODEL IN THE ANALYSES OF THE EFFECTS OF GLOBAL FINANCIAL CRISES

SPECIFICS OF THE APPLICATIONS OF MULTIPLE REGRESSION MODEL IN THE ANALYSES OF THE EFFECTS OF GLOBAL FINANCIAL CRISES Croatian Operational Research Review (CRORR), Vol., SPECIFICS OF THE APPLICATIONS OF MULTIPLE REGRESSION MODEL IN THE ANALYSES OF THE EFFECTS OF GLOBAL FINANCIAL CRISES Željko V. Račić Facult of Economics

More information

Chapter 9 AIRPORT SYSTEM PLANNING

Chapter 9 AIRPORT SYSTEM PLANNING Chapter 9 AIRPORT SYSTEM PLANNING. Photo creit Dorn McGrath, Jr Contents Page The Planning Process................................................... 189 Airport Master Planning..............................................

More information

Safety Stock or Excess Capacity: Trade-offs under Supply Risk

Safety Stock or Excess Capacity: Trade-offs under Supply Risk Safety Stock or Excess Capacity: Trae-offs uner Supply Risk Aahaar Chaturvei Victor Martínez-e-Albéniz IESE Business School, University of Navarra Av. Pearson, 08034 Barcelona, Spain achaturvei@iese.eu

More information

Study on the Price Elasticity of Demand of Beijing Subway

Study on the Price Elasticity of Demand of Beijing Subway Journal of Traffic an Logistics Engineering, Vol, 1, No. 1 June 2013 Stuy on the Price Elasticity of Deman of Beijing Subway Yanan Miao an Liang Gao MOE Key Laboratory for Urban Transportation Complex

More information

Professional Level Options Module, Paper P4(SGP)

Professional Level Options Module, Paper P4(SGP) Answers Professional Level Options Moule, Paper P4(SGP) Avance Financial Management (Singapore) December 2007 Answers Tutorial note: These moel answers are consierably longer an more etaile than woul be

More information

Minimizing Makespan in Flow Shop Scheduling Using a Network Approach

Minimizing Makespan in Flow Shop Scheduling Using a Network Approach Minimizing Makespan in Flow Shop Scheuling Using a Network Approach Amin Sahraeian Department of Inustrial Engineering, Payame Noor University, Asaluyeh, Iran 1 Introuction Prouction systems can be ivie

More information

USING SIMPLIFIED DISCRETE-EVENT SIMULATION MODELS FOR HEALTH CARE APPLICATIONS

USING SIMPLIFIED DISCRETE-EVENT SIMULATION MODELS FOR HEALTH CARE APPLICATIONS Proceeings of the 2011 Winter Simulation Conference S. Jain, R.R. Creasey, J. Himmelspach, K.P. White, an M. Fu, es. USING SIMPLIFIED DISCRETE-EVENT SIMULATION MODELS FOR HEALTH CARE APPLICATIONS Anthony

More information

This post is not eligible for sponsorship and applicants must be eligible to work in the UK under present visa arrangements.

This post is not eligible for sponsorship and applicants must be eligible to work in the UK under present visa arrangements. WMG 7.60 per hour Ref: WMG005/15 Fixe Term Contract: 4 Weeks Full Time to be unertaken in summer 2015 (with the possibility of a further 4 weeks employment, applicants must therefore be available for the

More information

Risk Management for Derivatives

Risk Management for Derivatives Risk Management or Derivatives he Greeks are coming the Greeks are coming! Managing risk is important to a large number o iniviuals an institutions he most unamental aspect o business is a process where

More information

Modelling and Resolving Software Dependencies

Modelling and Resolving Software Dependencies June 15, 2005 Abstract Many Linux istributions an other moern operating systems feature the explicit eclaration of (often complex) epenency relationships between the pieces of software

More information

ISSN: 2277-3754 ISO 9001:2008 Certified International Journal of Engineering and Innovative Technology (IJEIT) Volume 3, Issue 12, June 2014

ISSN: 2277-3754 ISO 9001:2008 Certified International Journal of Engineering and Innovative Technology (IJEIT) Volume 3, Issue 12, June 2014 ISSN: 77-754 ISO 900:008 Certifie International Journal of Engineering an Innovative echnology (IJEI) Volume, Issue, June 04 Manufacturing process with isruption uner Quaratic Deman for Deteriorating Inventory

More information

ThroughputScheduler: Learning to Schedule on Heterogeneous Hadoop Clusters

ThroughputScheduler: Learning to Schedule on Heterogeneous Hadoop Clusters ThroughputScheuler: Learning to Scheule on Heterogeneous Haoop Clusters Shehar Gupta, Christian Fritz, Bob Price, Roger Hoover, an Johan e Kleer Palo Alto Research Center, Palo Alto, CA, USA {sgupta, cfritz,

More information

If you have ever spoken with your grandparents about what their lives were like

If you have ever spoken with your grandparents about what their lives were like CHAPTER 7 Economic Growth I: Capital Accumulation an Population Growth The question of growth is nothing new but a new isguise for an age-ol issue, one which has always intrigue an preoccupie economics:

More information

Considerations. Change your viewpoint. Understand and pursue The Primary Metrics

Considerations. Change your viewpoint. Understand and pursue The Primary Metrics Considerations Change your viewpoint o After response time compression in your manufacturing/operating platform o You re no longer a manufacturing company that happens to manage inventory..you re an inventory

More information

_Mankiw7e_CH07.qxp 3/2/09 9:40 PM Page 189 PART III. Growth Theory: The Economy in the Very Long Run

_Mankiw7e_CH07.qxp 3/2/09 9:40 PM Page 189 PART III. Growth Theory: The Economy in the Very Long Run 189-220_Mankiw7e_CH07.qxp 3/2/09 9:40 PM Page 189 PART III Growth Theory: The Economy in the Very Long Run 189-220_Mankiw7e_CH07.qxp 3/2/09 9:40 PM Page 190 189-220_Mankiw7e_CH07.qxp 3/2/09 9:40 PM Page

More information

Consumer Referrals. Maria Arbatskaya and Hideo Konishi. October 28, 2014

Consumer Referrals. Maria Arbatskaya and Hideo Konishi. October 28, 2014 Consumer Referrals Maria Arbatskaya an Hieo Konishi October 28, 2014 Abstract In many inustries, rms rewar their customers for making referrals. We analyze the optimal policy mix of price, avertising intensity,

More information

EU Water Framework Directive vs. Integrated Water Resources Management: The Seven Mismatches

EU Water Framework Directive vs. Integrated Water Resources Management: The Seven Mismatches Water Resources Development, Vol. 20, No. 4, 565±575, December 2004 EU Water Framework Directive vs. Integrate Water Resources Management: The Seven Mismatches MUHAMMAD MIZANUR RAHAMAN, OLLI VARIS & TOMMI

More information

Robust Reading of Ambiguous Writing

Robust Reading of Ambiguous Writing In submission; please o not istribute. Abstract A given entity, representing a person, a location or an organization, may be mentione in text in multiple, ambiguous ways. Unerstaning natural language requires

More information

A LIQUIDITY-PROFITABILITY TRADE-OFF MODEL FOR WORKING CAPITAL MANAGEMENT MIHIR DASH 1 RANI HANUMAN

A LIQUIDITY-PROFITABILITY TRADE-OFF MODEL FOR WORKING CAPITAL MANAGEMENT MIHIR DASH 1 RANI HANUMAN A LIQUIDITY-PROFITABILITY TRADE-OFF MODEL FOR WORKING CAPITAL MANAGEMENT MIHIR DASH RANI HANUMAN ABSTRACT This paper proposes a goal programming moel for working capital management. Goal programming is

More information

Software Diversity for Information Security

Software Diversity for Information Security for Information Security Pei-yu Chen, Gaurav Kataria an Ramayya Krishnan,3 Heinz School, Tepper School an 3 Cylab Carnegie Mellon University Abstract: In this paper we analyze a software iversification-base

More information

SEC Issues Proposed Guidance to Fund Boards Relating to Best Execution and Soft Dollars

SEC Issues Proposed Guidance to Fund Boards Relating to Best Execution and Soft Dollars September 2008 / Issue 21 A legal upate from Dechert s Financial Services Group SEC Issues Propose Guiance to Fun Boars Relating to Best Execution an Soft Dollars The Securities an Exchange Commission

More information

An intertemporal model of the real exchange rate, stock market, and international debt dynamics: policy simulations

An intertemporal model of the real exchange rate, stock market, and international debt dynamics: policy simulations This page may be remove to conceal the ientities of the authors An intertemporal moel of the real exchange rate, stock market, an international ebt ynamics: policy simulations Saziye Gazioglu an W. Davi

More information

JON HOLTAN. if P&C Insurance Ltd., Oslo, Norway ABSTRACT

JON HOLTAN. if P&C Insurance Ltd., Oslo, Norway ABSTRACT OPTIMAL INSURANCE COVERAGE UNDER BONUS-MALUS CONTRACTS BY JON HOLTAN if P&C Insurance Lt., Oslo, Norway ABSTRACT The paper analyses the questions: Shoul or shoul not an iniviual buy insurance? An if so,

More information

Innovation Union means: More jobs, improved lives, better society

Innovation Union means: More jobs, improved lives, better society The project follows the Lisbon an Gothenburg Agenas, an supports the EU 2020 Strategy, in particular SMART Growth an the Innovation Union: Innovation Union means: More jobs, improve lives, better society

More information

Sage Match Terms and Conditions of Use (Last updated: 9 November 2015)

Sage Match Terms and Conditions of Use (Last updated: 9 November 2015) 1. Acknowlegement an Acceptance 1.1. This Agreement is between: (1) you, the person or organisation registere to use or using the Sage accountancy network service known as Sage Match ; an (2) us, as follows:

More information

Kuehne + Nagel Investor Day. April 27, 2007 Otto Schacht Senior Vice President, Global Seafreight Kuehne + Nagel International AG

Kuehne + Nagel Investor Day. April 27, 2007 Otto Schacht Senior Vice President, Global Seafreight Kuehne + Nagel International AG April 27, 2007 Otto Schacht Senior Vice President, Global Seafreight Kuehne + Nagel International AG Agenda Market trends / challenges Customer and Kuehne + Nagel IT solutions Customers initiatives 27/4/07

More information

Information Systems in the Enterprise

Information Systems in the Enterprise Chapter 2 Information Systems in the Enterprise 2.1 2006 by Prentice Hall OBJECTIVES Evaluate the role played by the major types of systems in a business and their relationship to each other Describe the

More information

A Data Placement Strategy in Scientific Cloud Workflows

A Data Placement Strategy in Scientific Cloud Workflows A Data Placement Strategy in Scientific Clou Workflows Dong Yuan, Yun Yang, Xiao Liu, Jinjun Chen Faculty of Information an Communication Technologies, Swinburne University of Technology Hawthorn, Melbourne,

More information

RUNESTONE, an International Student Collaboration Project

RUNESTONE, an International Student Collaboration Project RUNESTONE, an International Stuent Collaboration Project Mats Daniels 1, Marian Petre 2, Vicki Almstrum 3, Lars Asplun 1, Christina Björkman 1, Carl Erickson 4, Bruce Klein 4, an Mary Last 4 1 Department

More information

Robust Reading: Identification and Tracing of Ambiguous Names

Robust Reading: Identification and Tracing of Ambiguous Names Robust Reaing: Ientification an Tracing of Ambiguous Names Xin Li Paul Morie Dan Roth Department of Computer Science University of Illinois, Urbana, IL 61801 {xli1,morie,anr}@uiuc.eu Abstract A given entity,

More information

ACHIEVING OPERATIONAL EXCELLENCE AND CUSTOMER INTIMACY: ENTERPRISE APPLICATIONS

ACHIEVING OPERATIONAL EXCELLENCE AND CUSTOMER INTIMACY: ENTERPRISE APPLICATIONS ACHIEVING OPERATIONAL EXCELLENCE AND CUSTOMER INTIMACY: ENTERPRISE APPLICATIONS Content How do enterprise systems help businesses achieve operational excellence? How do supply chain management systems

More information

Forecasting and Staffing Call Centers with Multiple Interdependent Uncertain Arrival Streams

Forecasting and Staffing Call Centers with Multiple Interdependent Uncertain Arrival Streams Forecasting an Staffing Call Centers with Multiple Interepenent Uncertain Arrival Streams Han Ye Department of Statistics an Operations Research, University of North Carolina, Chapel Hill, NC 27599, hanye@email.unc.eu

More information

Minimum-Energy Broadcast in All-Wireless Networks: NP-Completeness and Distribution Issues

Minimum-Energy Broadcast in All-Wireless Networks: NP-Completeness and Distribution Issues Minimum-Energy Broacast in All-Wireless Networks: NP-Completeness an Distribution Issues Mario Čagal LCA-EPFL CH-05 Lausanne Switzerlan mario.cagal@epfl.ch Jean-Pierre Hubaux LCA-EPFL CH-05 Lausanne Switzerlan

More information

FAST JOINING AND REPAIRING OF SANDWICH MATERIALS WITH DETACHABLE MECHANICAL CONNECTION TECHNOLOGY

FAST JOINING AND REPAIRING OF SANDWICH MATERIALS WITH DETACHABLE MECHANICAL CONNECTION TECHNOLOGY FAST JOINING AND REPAIRING OF SANDWICH MATERIALS WITH DETACHABLE MECHANICAL CONNECTION TECHNOLOGY Jörg Felhusen an Sivakumara K. Krishnamoorthy RWTH Aachen University, Chair an Insitute for Engineering

More information

Safety Management System. Initial Revision Date: Version Revision No. 02 MANUAL LIFTING

Safety Management System. Initial Revision Date: Version Revision No. 02 MANUAL LIFTING Revision Preparation: Safety Mgr Authority: Presient Issuing Dept: Safety Page: Page 1 of 11 Purpose is committe to proviing a safe an healthy working environment for all employees. Musculoskeletal isorers

More information

Ch 10. Arithmetic Average Options and Asian Opitons

Ch 10. Arithmetic Average Options and Asian Opitons Ch 10. Arithmetic Average Options an Asian Opitons I. Asian Option an the Analytic Pricing Formula II. Binomial Tree Moel to Price Average Options III. Combination of Arithmetic Average an Reset Options

More information

Optimizing Multiple Stock Trading Rules using Genetic Algorithms

Optimizing Multiple Stock Trading Rules using Genetic Algorithms Optimizing Multiple Stock Traing Rules using Genetic Algorithms Ariano Simões, Rui Neves, Nuno Horta Instituto as Telecomunicações, Instituto Superior Técnico Av. Rovisco Pais, 040-00 Lisboa, Portugal.

More information

Improving Direct Marketing Profitability with Neural Networks

Improving Direct Marketing Profitability with Neural Networks Volume 9 o.5, September 011 Improving Direct Marketing Profitability with eural etworks Zaiyong Tang Salem State University Salem, MA 01970 ABSTRACT Data mining in irect marketing aims at ientifying the

More information

Jitter effects on Analog to Digital and Digital to Analog Converters

Jitter effects on Analog to Digital and Digital to Analog Converters Jitter effects on Analog to Digital an Digital to Analog Converters Jitter effects copyright 1999, 2000 Troisi Design Limite Jitter One of the significant problems in igital auio is clock jitter an its

More information

Revisiting the Porter Hypothesis: An Empirical Analysis of Green Innovation for The Netherlands

Revisiting the Porter Hypothesis: An Empirical Analysis of Green Innovation for The Netherlands 2013s-02 Revisiting the Porter Hypothesis: An Empirical Analysis of Green Innovation for The Netherlans George van Leeuwen, Pierre Mohnen Série Scientifique Scientific Series Montréal Janvier 2013 2013

More information

Supporting the Perfect Order: Collaborative S&OP and VMI

Supporting the Perfect Order: Collaborative S&OP and VMI Supporting the Perfect Order: Collaborative S&OP and VMI October 30, 2012 Frankfurt, Germany Gary Neights Director, Product Management The Multi-Echelon Supply Chain Plan Your Supplier s Suppliers Your

More information

Week 4 - Linear Demand and Supply Curves

Week 4 - Linear Demand and Supply Curves Week 4 - Linear Deman an Supply Curves November 26, 2007 1 Suppose that we have a linear eman curve efine by the expression X D = A bp X an a linear supply curve given by X S = C + P X, where b > 0 an

More information

Achieving quality audio testing for mobile phones

Achieving quality audio testing for mobile phones Test & Measurement Achieving quality auio testing for mobile phones The auio capabilities of a cellular hanset provie the funamental interface between the user an the raio transceiver. Just as RF testing

More information

Supply Chain Performance Measurement. Presented by: David F. Ross, PhD, CFPIM APICS Profession Development

Supply Chain Performance Measurement. Presented by: David F. Ross, PhD, CFPIM APICS Profession Development Supply Chain Performance Measurement Presented by: David F. Ross, PhD, CFPIM APICS Profession Development Introduction APICS member since 1986 Meet Your Session Leader 13 Years Manufacturing and Distribution

More information

CSCMP Level One : Cornerstones of Supply Chain Management. Learning Blocks

CSCMP Level One : Cornerstones of Supply Chain Management. Learning Blocks CSCMP Level One : Cornerstones of Supply Chain Management Learning Blocks Level one training will consist of eight learning blocks: 1. Supply Chain Concepts 2. Demand Planning 3. Procurement and Supply

More information

Evaluation of Life Cycle Cost Analysis Methodologies

Evaluation of Life Cycle Cost Analysis Methodologies www.corporate-env-strategy.com Life Cycle Cost Analysis Evaluation of Life Cycle Cost Analysis Methoologies Senthil Kumaran Durairaj, S.K. Ong, A.Y.C. Nee an R.B.H. Tan* After the emergence of Life Cycle

More information

Chapter 10 Market Power: Monopoly and Monosony Monopoly: market with only one seller. Demand function, TR, AR, and MR

Chapter 10 Market Power: Monopoly and Monosony Monopoly: market with only one seller. Demand function, TR, AR, and MR ECON191 (Spring 2011) 27 & 29.4.2011 (Tutorial 9) Chapter 10 Market Power: Monopoly an Monosony Monopoly: market with only one seller a Deman function, TR, AR, an P p=a bq ( q) AR( q) for all q except

More information

Optimal Energy Commitments with Storage and Intermittent Supply

Optimal Energy Commitments with Storage and Intermittent Supply Submitte to Operations Research manuscript OPRE-2009-09-406 Optimal Energy Commitments with Storage an Intermittent Supply Jae Ho Kim Department of Electrical Engineering, Princeton University, Princeton,

More information

Profit Shifting and Trade Agreements in Imperfectly Competitive Markets

Profit Shifting and Trade Agreements in Imperfectly Competitive Markets Profit Shifting an Trae Agreements in Imperfectly Competitive Markets Kyle Bagwell Stanfor an NBER Robert W. Staiger Stanfor an NBER March 9, 2009 Abstract When markets are imperfectly competitive, trae

More information

The Inefficiency of Marginal cost pricing on roads

The Inefficiency of Marginal cost pricing on roads The Inefficiency of Marginal cost pricing on roas Sofia Grahn-Voornevel Sweish National Roa an Transport Research Institute VTI CTS Working Paper 4:6 stract The economic principle of roa pricing is that

More information

Option Pricing for Inventory Management and Control

Option Pricing for Inventory Management and Control Option Pricing for Inventory Management an Control Bryant Angelos, McKay Heasley, an Jeffrey Humpherys Abstract We explore the use of option contracts as a means of managing an controlling inventories

More information

The higher education factor: The role of higher education in the hiring and promotion practices in the fire service. By Nick Geis.

The higher education factor: The role of higher education in the hiring and promotion practices in the fire service. By Nick Geis. The higher eucation factor: The role of higher eucation in the hiring an promotion practices in the fire service. By Nick Geis Spring 2012 A paper submitte to the faculty of The University of North Carolina

More information

The concept of on-board diagnostic system of working machine hydraulic system

The concept of on-board diagnostic system of working machine hydraulic system Scientific Journals Maritime University of Szczecin Zeszyty Naukowe Akaemia Morska w Szczecinie 0, 3(04) z. pp. 8 90 0, 3(04) z. s. 8 90 The concept of on-boar iagnostic of working machine hyraulic Leszek

More information

Nonlinear Frame Analysis Methods in Eurocode 8

Nonlinear Frame Analysis Methods in Eurocode 8 Seismic Evaluation of Constructions: Nonlinear rame Analysis Proceures in Z_SOIL Enrico Spacone, Moura Belgasmia, Aleksaner Urbanski PRICOS Dept. University G. D Annunzio of Chieti-Pescara viale Pinaro

More information

S&P Systematic Global Macro Index (S&P SGMI) Methodology

S&P Systematic Global Macro Index (S&P SGMI) Methodology S&P Systematic Global Macro Inex (S&P SGMI) Methoology May 2014 S&P Dow Jones Inices: Inex Methoology Table of Contents Introuction 3 Overview 3 Highlights 4 The S&P SGMI Methoology 4 Inex Family 5 Inex

More information

Chapter 4: Elasticity

Chapter 4: Elasticity Chapter : Elasticity Elasticity of eman: It measures the responsiveness of quantity emane (or eman) with respect to changes in its own price (or income or the price of some other commoity). Why is Elasticity

More information

Best Practice Working Capital

Best Practice Working Capital Best Practice Working Capital Introduction to bpworkingcapital & Services MacArthur Discussion Group 7 th April 2010 About bpworkingcapital Specialists in Best Practice Working Capital Improvement Focus

More information

Feasibility of Implementation of Strategic Management on Brand Identity of Sepah Bank

Feasibility of Implementation of Strategic Management on Brand Identity of Sepah Bank Online Access: www.absronline.org/journals Management an Aministrative Sciences Review Volume 4, Issue 3 Pages: 635-646 May 2015 e-issn: 2308-1368 p-issn: 2310-872X Feasibility of Implementation of Strategic

More information

APPLICATION OF CALCULUS IN COMMERCE AND ECONOMICS

APPLICATION OF CALCULUS IN COMMERCE AND ECONOMICS Application of Calculus in Commerce an Economics 41 APPLICATION OF CALCULUS IN COMMERCE AND ECONOMICS æ We have learnt in calculus that when 'y' is a function of '', the erivative of y w.r.to i.e. y ö

More information

SECTION 1040 GUARDRAIL, END TERMINALS, ONE-STRAND ACCESS RESTRAINT CABLE AND THREE-STRAND GUARD CABLE MATERIAL

SECTION 1040 GUARDRAIL, END TERMINALS, ONE-STRAND ACCESS RESTRAINT CABLE AND THREE-STRAND GUARD CABLE MATERIAL SECTION 1040 GUARDRAIL, END TERMINALS, ONE-STRAND ACCESS RESTRAINT CABLE AND THREE-STRAND GUARD CABLE MATERIAL 1040.1 Scope. This specification covers guarrail, en terminals, one-stran access restraint

More information

Cost optimization of supply chain with multimodal transport

Cost optimization of supply chain with multimodal transport Proceeings of the Feerate Conference on Computer Science an Information Systems pp. 8 ISB 978-83-6080-5-4 Cost optimization of supply chain with multimoal transport Paweł Sitek Kielce University of Technology

More information

The one-year non-life insurance risk

The one-year non-life insurance risk The one-year non-life insurance risk Ohlsson, Esbjörn & Lauzeningks, Jan Abstract With few exceptions, the literature on non-life insurance reserve risk has been evote to the ultimo risk, the risk in the

More information

A Case Study of Applying SOM in Market Segmentation of Automobile Insurance Customers

A Case Study of Applying SOM in Market Segmentation of Automobile Insurance Customers International Journal of Database Theory an Application, pp.25-36 http://x.oi.org/10.14257/ijta.2014.7.1.03 A Case Stuy of Applying SOM in Market Segmentation of Automobile Insurance Customers Vahi Golmah

More information

A Theory of Intermediation in Supply Chains Based on Inventory Control 1

A Theory of Intermediation in Supply Chains Based on Inventory Control 1 A Theory of Intermeiation in Supply Chains Base on Inventory Control Zhan QU Department of Economics, Technical University Dresen Horst RAFF Department of Economics, Kiel University, Kiel Institute for

More information

DEVELOPMENT OF A BRAKING MODEL FOR SPEED SUPERVISION SYSTEMS

DEVELOPMENT OF A BRAKING MODEL FOR SPEED SUPERVISION SYSTEMS DEVELOPMENT OF A BRAKING MODEL FOR SPEED SUPERVISION SYSTEMS Paolo Presciani*, Monica Malvezzi #, Giuseppe Luigi Bonacci +, Monica Balli + * FS Trenitalia Unità Tecnologie Materiale Rotabile Direzione

More information

MD AOC Project Introduction to PeopleSoft

MD AOC Project Introduction to PeopleSoft Insert Pictures that represent Customer on Master slide MD AOC Project Introduction to PeopleSoft PeopleSoft Vendor Management Agenda Introduction Session Objectives PeopleSoft Overview Key Features Business

More information

Oracle Business Intelligence Enterprise Edition (OBIEE) Presented by: Rapidflow Apps Inc.

Oracle Business Intelligence Enterprise Edition (OBIEE) Presented by: Rapidflow Apps Inc. Oracle Business Intelligence Enterprise Edition (OBIEE) Presented by: Rapidflow Apps Inc. Agenda Overview Gartner Magic Quadrant for BI Platform Rapidflow Business Intelligence (BI) Solutions Oracle OBIEE

More information

A hybrid approach to supply chain modeling and optimization

A hybrid approach to supply chain modeling and optimization Proceeings of the 2013 Feerate Conference on Computer Science an Information Systems pp. 1211 1218 A hybri approach to supply chain moeling an optimization Paweł Site Kielce University of Technology Al.

More information

Sustainability Through the Market: Making Markets Work for Everyone q

Sustainability Through the Market: Making Markets Work for Everyone q www.corporate-env-strategy.com Sustainability an the Market Sustainability Through the Market: Making Markets Work for Everyone q Peter White Sustainable evelopment is about ensuring a better quality of

More information

DECISION SUPPORT SYSTEM FOR MANAGING EDUCATIONAL CAPACITY UTILIZATION IN UNIVERSITIES

DECISION SUPPORT SYSTEM FOR MANAGING EDUCATIONAL CAPACITY UTILIZATION IN UNIVERSITIES DECISION SUPPORT SYSTEM OR MANAGING EDUCATIONAL CAPACITY UTILIZATION IN UNIVERSITIES Svetlana Vinnik 1, Marc H. Scholl 2 Abstract Decision-making in the fiel of acaemic planning involves extensive analysis

More information

Heat-And-Mass Transfer Relationship to Determine Shear Stress in Tubular Membrane Systems Ratkovich, Nicolas Rios; Nopens, Ingmar

Heat-And-Mass Transfer Relationship to Determine Shear Stress in Tubular Membrane Systems Ratkovich, Nicolas Rios; Nopens, Ingmar Aalborg Universitet Heat-An-Mass Transfer Relationship to Determine Shear Stress in Tubular Membrane Systems Ratkovich, Nicolas Rios; Nopens, Ingmar Publishe in: International Journal of Heat an Mass Transfer

More information

Chapter 7 Inventory and the Cost of Sales

Chapter 7 Inventory and the Cost of Sales Chapter 7 Inventory and the Cost of Sales Types of Inventory Raw materials Materials purchased for use in manufacturing process Work in process Partially completed units in production Finished goods Manufactured

More information

Topics in Macroeconomics 2 Econ 2004

Topics in Macroeconomics 2 Econ 2004 Topics in Macroeconomics 2 Econ 2004 Practice Questions for Master Class 2 on Monay, March 2n, 2009 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

More information

Higher turbulent mixing due to UnoDuct - air supply system

Higher turbulent mixing due to UnoDuct - air supply system Higher turbulent mixing ue to UnoDuct - air supply system Christian Heschl, Anrea Kelz, Fachhochschulstuiengänge Burgenlan GmbH Abstract Previous investigations of free jet propagation are usually limite

More information

Detecting Possibly Fraudulent or Error-Prone Survey Data Using Benford s Law

Detecting Possibly Fraudulent or Error-Prone Survey Data Using Benford s Law Detecting Possibly Frauulent or Error-Prone Survey Data Using Benfor s Law Davi Swanson, Moon Jung Cho, John Eltinge U.S. Bureau of Labor Statistics 2 Massachusetts Ave., NE, Room 3650, Washington, DC

More information

UCLA STAT 13 Introduction to Statistical Methods for the Life and Health Sciences. Chapter 9 Paired Data. Paired data. Paired data

UCLA STAT 13 Introduction to Statistical Methods for the Life and Health Sciences. Chapter 9 Paired Data. Paired data. Paired data UCLA STAT 3 Introuction to Statistical Methos for the Life an Health Sciences Instructor: Ivo Dinov, Asst. Prof. of Statistics an Neurology Chapter 9 Paire Data Teaching Assistants: Jacquelina Dacosta

More information

Monitoring of Slope Stability by Using Global Positioning System (GPS)

Monitoring of Slope Stability by Using Global Positioning System (GPS) Monitoring of Slope Stability by Using Global Positioning System (GPS) Eric Ma 1, Yongqi Chen 2, Xiaoli Ding 3 Department of Lan Surveying an Geo-Informatics Hong Kong Polytechnic University, Hung Hom,

More information

Supply chain maturity study Comparator report HSCNI

Supply chain maturity study Comparator report HSCNI Supply chain maturity study Comparator report HSCNI November 21 Supply chain maturity comparator study Contents Page Introduction Results summary Supply chain strategy Supplier relationship management

More information

Identification and Tracing of Ambiguous Names: Discriminative and Generative Approaches

Identification and Tracing of Ambiguous Names: Discriminative and Generative Approaches Ientification an Tracing of Ambiguous Names: Discriminative an Generative Approaches Xin Li Paul Morie Dan Roth Department of Computer Science University of Illinois, Urbana, IL 61801 {xli1,morie,anr}@uiuc.eu

More information

On Adaboost and Optimal Betting Strategies

On Adaboost and Optimal Betting Strategies On Aaboost an Optimal Betting Strategies Pasquale Malacaria 1 an Fabrizio Smerali 1 1 School of Electronic Engineering an Computer Science, Queen Mary University of Lonon, Lonon, UK Abstract We explore

More information

Hybrid Model Predictive Control Applied to Production-Inventory Systems

Hybrid Model Predictive Control Applied to Production-Inventory Systems Preprint of paper to appear in the 18th IFAC Worl Congress, August 28 - Sept. 2, 211, Milan, Italy Hybri Moel Preictive Control Applie to Prouction-Inventory Systems Naresh N. Nanola Daniel E. Rivera Control

More information

MAPPING INTEGRATED SUPPLY CHAIN SYSTEMS AND PROCESSES

MAPPING INTEGRATED SUPPLY CHAIN SYSTEMS AND PROCESSES DELIVERING BUSINESS SOLUTIONS THROUGH INNOVATIVE IT CONSULTING MAPPING INTEGRATED SUPPLY CHAIN SYSTEMS AND PROCESSES By Philippe Lepercq Principal Consultant Supply Chain Execution Oracular West, Inc.

More information

26/10/2015. Enterprise Information Systems. Learning Objectives. System Category Enterprise Systems. ACS-1803 Introduction to Information Systems

26/10/2015. Enterprise Information Systems. Learning Objectives. System Category Enterprise Systems. ACS-1803 Introduction to Information Systems ACS-1803 Introduction to Information Systems Instructor: Kerry Augustine Enterprise Information Systems Lecture Outline 6 ACS-1803 Introduction to Information Systems Learning Objectives 1. Explain how

More information

Stochastic Modeling of MEMS Inertial Sensors

Stochastic Modeling of MEMS Inertial Sensors BULGARIAN ACADEMY OF SCIENCES CYBERNETICS AND INFORMATION TECHNOLOGIES Volume 10, No Sofia 010 Stochastic Moeling of MEMS Inertial Sensors Petko Petkov, Tsonyo Slavov Department of Automatics, Technical

More information

Market Segmentation: The Business Case

Market Segmentation: The Business Case Concentrate on your most profitable customers for greater returns an more effective use of your limite resources uthor: José Campos (Jose@rapiinnovation.com) This is the first in a series of articles about

More information