¶ … Monte Carlo simulation to get an estimate of the total production cost that can be expected for the company. The key to understanding this simulation is that there are two sets of information -- the probabilities and the randomly-generated number. The random number is between 1 and 100, so there is the same amount of numbers as there are...
The probabilities need to be broken down on the spreadsheet to match up with a cost. So for the materials costs, there is an 18% probability that the materials costs will be $33. Thus, any random number between 1 and 18 will reflect a materials cost of $33. There is a 23% probability that the materials cost will be $34. Thus, numbers 19-41 inclusive will mean that the materials cost will be $34 on the spreadsheet. The formula for materials costs would therefore be:
Strategic Framework in BP-Deepwater horizon accident One of the most eminent names in the oil and gas industry is British Petroleum, considered as the largest provider of oil and gas to its customers for transportation, energy for heating and light and retail services for petrochemical products globally. The financial and operational picture of the company's performance is illustrated in table1 below. Performance at a glance for 2010 Facts and figures Sales and other operating
28) This quotation shows how arbitrary MTM can be. Simply by terming Enron's cash shortage a sa minority interest as opposed to the proper term for it, debt, Enron was able to manipulate MTM to prevent such a sizeable loss from appearing on its balance sheet. Moreover, MTM's role in this transaction allowed Enron to repair its problem of a cash flow shortage since it credited $500 million via its
It was then important to see the degree at which technology and training played a role in combating each fire. 1.2.4.Rationale of the Study What is that can be gained from this study? The reasoning behind such a study is born out of a need to provide better training for fire fighters so that fire management systems will improve and reduce the amount of loss due to the fire. By studying
Advancement of nanotechnology has gained significant attention in the self -- assembling characteristic of a variety of molecules, which is a vital requirement for the growing bottom -- up design of nanoscale structures. When these molecules go through molecular self -- congregation, the consequential structural elements, for instance nanotubes or vesicles, can be further transformed to give specific charactistics to the components. Like nanotubes can be covered with metals
diagnoses, pain is a common complaint among inpatients. In the U.S. alone, approximately 100 million patients experience chronic pain (Alaloul et al., 2015). Pain negatively affects numerous aspects of an individual's life, such as sleep, quality of life, and physical functioning. Pain is also associated with negative psychological outcomes like depression, extended hospitalization, and a huge economic burden. In the U.S., for instance, pain imposes an estimated cost of
Arabic Morphology Morph = form or shape, ology = study of Language comprises of words and words have meanings. Meanings give value to words hence they must be given attention in body of knowledge. This is the reason; a study of foundation of meaning is developed. This foundation is called morpheme which is the basic and the smallest entity containing meaning or function in language. This whole study is known as