Cost Analysis Essays (Examples)

Cost Analysis and Negotiation TechniquesComparison of Two Articles Related To Software for Cost Analysis and NegotiationsFor making important business decisions, both small and large companies have to make cost analyses to maximize profits. High returns of investment and useful utilization of available resources are only possible if a thorough cost analysis is accompanied by negotiation skills to reduce risks. This paper aims at making a comparison between two articles that include software used for the same purpose. The two articles selected for comparison are based on software as a Service (SaaS) used for cost analysis and negotiation techniques by a plethora of companies in modern times.Comparison of Goals and ObjectivesIn the first article, the author Benlian (2009) discusses the factors that lead to the adoption of SaaS for cost analysis and demand sourcing software. The assessment of the factors took place by creating four hypotheses with their foundations in the…

The raw materials needed as ingredients for detergents require extraction from natural resources, and extraction costs increase as the amounts needed rise. This means that it costs more to use more materials and thus produce more detergent, making materials a variable cost. The factory where the ingredients are mixed into detergent, however, would cost roughly the same to build whether the plan was to produce 100 or 10,000 units per day -- as this cost does not increase as production increases, it is a fixed manufacturing cost. Energy is semi-variable, in that it would require a significant amount of energy for the factory to operate at all, even if it was only producing one box of detergent a day. At the same time, the factory would certainly use less energy producing 100 boxes than it would producing 10,000.

The total cost of producing laundry detergent takes all of these costs…

Stadium Jumps" the writers discuss the cost of building a baseball stadium and renovating obert F. Kennedy memorial stadium in Washington, D.C. The cost analysts note that the original cost estimate for the project was too low, and that the actual costs of completing the project could be as much as $91 million dollars more than originally anticipated. D.C. councilmen overseeing the project expect that the total costs for the project could climb as high as $486 million dollars, a problem as the original cost estimate was less than $400 million.

The cost estimate is off because it did not account for additional costs with regard to improvements for roads surrounding the stadium, addition of sewers and Metro routes, the money necessary to completely renovate the stadium and more than $30 million dollars in contingency funds for "the likely cost of overruns."

The problems associated with the poor cost estimate…

Production and cost analysis: discuss it and how we use it.

In any business, there are a number of tools firms will use to increase productivity and improve their profit margins. These are designed to provide them with a strategic advantage and objectively tell them how to deal with critical weaknesses. However, in order to receive the long-term benefits they must utilize specific tools to protect market share and reach out to a larger segment of customers. (Trujillo, 2008) (Taylor, 2008) (Jain, 2010)

Two areas that are often utilized during the process are production and cost analysis. To fully understand how they are applied requires carefully examining each one and the way they are used by firms. Together, these elements will offer specific insights as to how organizations are able to remain competitive and adjust with critical challenges they are facing inside the marketplace. (Trujillo, 2008) (Taylor, 2008) (Jain, 2010)…

The quality improvement plan however also reveals a series of benefits, materialized primarily in the following:

Improved communication among the staffs leads to increased levels of operational efficiency as the information so necessary within the medical field is more efficiently transmitted from one medical staff to the other.

Improved communications between medics and patients lead to a higher rate of information collection, being possible for this to then lead to increased chances of diagnosing and treating the conditions at superior levels.

Improved communications with the patients ultimately enhance the levels of satisfaction on the part of the patients. At an organizational level, it could be argued that this satisfaction of the patient -- and of their families -- would materialize in a positive image for the hospice. Through world of mouth publicity, the patients and their family members would determine other individuals to access the services of the facility, which…

Program Budget and Cost Analysis

Line-Item Budget for an in-Service Dementia Care Training Program

Florida now requires all direct-care staff working with dementia patients to receive specialized training. The curricula offered must be vetted by the Training Academy of the University of South Florida's Policy Exchange Center on Aging, otherwise assisted living facilities, nursing homes, adult day care, and hospices will be unable to accept patients with dementia into their facilities. In order to meet these statutory requirements and improve patient care, an in-service training program in dementia care will be instituted for a hospice facility located in Florida.

The Hospice House in Cape Coral, Florida maintains 36 beds for patients with terminal illnesses. On average, a little over 60% of the residents suffer from dementia at any one time, which is consistent with national trends (Williams, Hyer, Kelly, Leger-Krall, and Tappen, 2005, p. 98). The number of patients tends…

Life Cycle Cost Analysis (LCCA) and the Importance of Such an Analysis

In essence, life-cycle cost analysis, LCCA, is an important tool that aids in the qualification of a specified project's alternative investment options differential costs. Its relevance, therefore, in logistics management and operations cannot be overstated. In addition to highlighting the factors of a life cycle cost analysis, this text will also concern itself with relevance of such an analysis.

There are various definitions that have been offered for LCCA. Sanchez-Silva and Klutke (2015, p. 233) define LCCA as " ....an economic assessment of completing design alternatives, considering all costs of ownership over the economic life of each alternative, expressed in equivalent dollars." This is the definition that will be adopted in this discussion.

It is important to note that LCCA can be utilized in a wide range of capital investment decisions, particularly in those instances where costs (initial)…

Manufacturing

A remediation study is conducted in order to determine what remediation will need to be done in order to bring a site up to standard. The history of the site is the first step in this -- the history actually should guide the process. In this case, we have no idea what the history of the site is, so we probably have to test for everything. The remedial investigation therefore will begin by determining the nature of the contamination at the site, and then proceed to identify the risk to human health and the risk to the environment. Further, the study will need to include treatability testing to estimate the types of treatment options, their performance levels and applicability, in order to get a sense of what it might cost to remediate the site in question (EPA.gov, 2016).

The EPA outlines several different types of site contamination. There are…

Dibsa should turn towards the market-based pricing strategy, which sees the implementation of competitive prices for the 3-in-1 Lawnmower. The selection of this combination of strategies would generate several impacts upon the company, but most of them would be obvious at product lifecycle level. In this order of ideas:

The sales revenues would be significantly high throughout the first six months and they would allow the company to cover for the large costs incurred in the manufacturing of the product as well as register profits; they would however decrease with the implementation of the market pricing strategy and the 3-in-1 Lawnmower would metamorphose from a star product into a cash cow

The costs incurred in the manufacturing of the new lawnmower have already begun to decrease and will continue to do so; the actual impact of the pricing strategy is limited, with the specification however that these costs will not…

CVP is very useful for small business also because the analysis takes
into consideration variables like eturn on Investment, or Customer
Acquisition Cost. This analysis allows the company to determine what the
maximum profit volume can be, and how the above mentioned variables can be
changed in order to become successful.
CVP analysis is also able to determine the results of media campaigns,
especially for small business, where results are more visible and can be
observed after a shorter period of time. Furthermore, these results can be
translated into a successful company strategy, given the fact that the
strategy would be based on verified results. In relation to this, market
share can increase due to such a strategy.
For small business, CVP analysis is also used in establishing the
company's budget for certain activities. The analysis is able to provide a
flexible budget variant, which is exactly what a small…

Another example of pure job costing is web development, where the processes themselves vary hugely from project to project, meaning the cost and time involved also varies.

esponse

Dosch & Wilson (2010) do seem to do a good job of defining job and process costing, and the person who posted this seems to have understood these definitions fairly well in the abstract -- that is, the definitions provided seem reasonable and the application of these definitions to businesses chosen by the poster are explained in a way that clearly links them to these definition. At the same, the poster seems to have had some trouble accurately identifying companies where job costing might be employed, despite grasping the abstract technicalities of the definition of job costing. While it is likely that an individual laborer might be able to identify that they worked on a particular section of an airplane or wall…

Categories of Cost

Cost can be divided into following six categories:

Variable Costs

Fixed Costs

Semi-Variable or Mixed Costs

Total Production Costs

Direct Costs

Indirect Costs (Overhead)

Variable Costs: Variable costs are those costs that change with number of units produced or volume of production (Jackson, Sawyers and Jenkins, 2009). These are also called as the product costs as they vary with each unit of production. Some of the variable costs that changes with the production level include materials, labor and shipping.

Fixed Costs: Fixed cost is the costs that is not affected by the volume of production and remains the same, regardless of the number of units produced. It is also called as period costs which is the name derived by its ability of being occurring over a particular period. Examples include: ent, business licenses etc.

Semi-Variable or Mixed Manufacturing Costs: Semi- Variable or a mixed cost has components…

Product Costing systems (ABC, job costing, put costing, .) advanced topic managerial accounting the thesis statemenit a position body paper show evidence support position. The paper discuss opposite point view discuss position valid.

Product costing systems

Product costing system is a management tool which identifies the actual cost of producing each product. It identifies the profits and loss which can be gained or incurred on each product, hence giving companies the opportunity of identifying and promoting of profitable product while dropping, re-pricing or redesigning of unprofitable products Brierley, 2008.

Product costing is a highly sensitive area for managerial accountants, recently, most of them have changed their focus such that they give their attention to appropriate treatment costs which are directly associated with resources that are committed to support activities, which within the company do not vary proportionally to production once the initial capacities have been set. In such as an…

Strategic Recommendations for a Reduction of Operating Costs for Burn Care Unit

Burn Care Unit is a healthcare organization operating the 40-bed unit. Since its formation, Burn Care Unit business has been profitable with an increase in revenues, however, the organization has faced challenges in recruiting the professional nurses, which forces them to adopt the Baylor plan. The plan is an overtime policy that adopts 36 hours pay for nurses who work for 24 hours on the weekend. Nurses who work for 60 hours in the weekdays are paid the equivalent of 70 hours. However, the company has recorded high cost of operations because of the policy. Moreover, Burn Care has incurred $800,000 in nurses' payrolls because of the Baylor plan, and based on the recent increase in the costs of operations, the accountant has suggested that the CEO should discontinue the Baylor Plan to reduce the costs of operations.…

By analyzing the amount in dollars various accidents caused in the two different groups, researchers could discern if these cameras were actually cost beneficial in comparison to the cost of accidents in intersections without Red Light Cameras.

Researchers in this study used the Bayes before and after method of data analysis to discern conclusions about the raw data which they received. Result showed that more costly right angle crashes did decrease in areas which used Red Light Camera Systems. However, there were a significant number of rear-end crashes in areas which used cameras in intersections. This increase of rear-end crashes raised the overall cost of implementing these systems in controlling traffic. However, the fact that they are less costly per incident that dangerous t-bone, or right angle crashes, makes the intersections with these symptoms more cost beneficial than similar intersections without red Light Cameras.

Analysis of the recorded data did…

Price Analysis

A Sustainable Method of Price Analysis

As a person involved in business at the leadership level, at the acquisition level or somewhere in the supply chain requiring procurement decisions, pricing will be an issue of the utmost concern. Indeed, it is particularly useful for one in this position to possess a default strategy for price analysis that can be used to navigate a wide variance of business and acquisition scenarios. For this reason, the discussion here offers a price analysis methodology with the appropriate versatility to serve in this capacity and, consequently, provides a rationale for this discussion. Accordingly, we propose that the Comparison of Competitive Bids is sufficiently effective and universal as a standard for price analysis that if one were confined strictly to its usage through the duration of one's career, one might still be sufficiently served.

The method of Comparison and Competitive Bids holds perhaps…

Direct costs are those that can be "attributed to the production of specific goods or services" (Investopedia, 2013). They can be labor, materials or other expenses. In contrast, indirect costs are those that cannot be directly attributed -- at least not easily -- to a specific product or service. For the most part, identifying direct costs is a straightforward, but occasionally there are pitfalls that can emerge.

One pitfall when analyzing direct costs is to attribute all costs as direct costs, on the basis of how a single cost item breaks down. For example, if direct materials are allocated to products based on the allocation of direct labor costs. A two product company could allocate direct labor 40-60, and then use that split to allocate direct materials costs. That would be risky, because there might not be a connection between the two products with respect to their usage of labor…

Burn-Care Unit: Reducing Operational Costs- Focus on Labor Expenses

1.0. Executive Summary

To remain relevant in the long-term, the Burn-Care Unit ought to adopt either of these two strategies, or combine both in a hybrid mix: reduce costs or boost the current level of revenues while keeping the current cost levels constant. The most viable strategy for an organization of this nature would be to rein in costs via the adoption of an effective cost minimization strategy or approach. It is important to note, from the onset, that being a reputable burn-care facility at the national level, there is need for the Burn-Care Unit to maintain the integrity of its processes as well as its operational efficiency, even as it seeks to minimize costs. For this reason, the relevance of embracing the most viable course of action towards the minimization of operational costs cannot be overstated. Reducing operational expenses, and…

Microeconomics Analysis

Cindy is making a consideration to investing in a new business consists of the installation of solar panels. In the current periods, this has been perceived as a profit making venture. This is for the reason that the world continues to shift more and more into renewable sources of energy of which solar power energy is one of the leading ones. Another reason is that the government has made incentives to the industry by giving out subsidies to the suppliers in this market so as to increase the number of solar panels being produced. Bearing this in mind, Cindy is necessitated to take two decisions. First of all, there is a need to review the probable or likely profit or loss that can come about in this business in the forthcoming by making an allowance for the impending prospects for this line of business. Cindy needs to take…

determinant of the overall profitability of a company. In many instances both labor and product costs comprise a vast majority of a company's expense. Many companies in an effort to mitigate the effects of rising costs have outsourced much of their labor or input costs to other countries. Asian countries in particular have been used extensively for their low cost labor. Through use of cheaper material and labor companies have been able to report higher profits and higher revenues. In fact, corporate profits as a percentage of GDP are currently at an historic high of 10%. This suggests that many companies have used many cost cutting initiatives to help lower costs while revenue growth remains stagnant or low. An important component of cost reductions are life cycle cost analysis (henceforth referred to as LCCA). LCCA is often used as a tool to help determine the most cost effective manner in…

Managerial Accounting for Sleepease Ltd.

"Identify, discuss and critically evaluate the advantages and problems of using the following costing methods for internal reporting purposes":

absorption costing; marginal costing.

"Refer to the Sleepease case as and when necessary"

absorption costing

The absorption costing is the type of managerial costing where both the variable and fixed costs are charged to process or product. Thus, "absorption costing is a method for appraising or valuing a firm's total inventory by including all manufacturing costs as product costs, regardless of whether they are variable or fixed and therefore it is frequently referred as the full cost method." (Nawaz, 2013 p 50).

Accordingly, the company will be able to determine costs of a product after determining both the variable costs and fixed costs. Sleepease will derive several benefits from using the absorption costing for the production of their product.

First, the absorption costing will assist the…

HR Case Study

The author of this report has been asked to read and review the You Manage It case study on page 286 of the assigned text. The text speaks about training and how it is assessed on a cost versus benefit basis. Indeed, training can be beneficial but it can also be a waste of time and money. Even if there are technically benefits to a training even without proven cost/benefit ratios, it is wise to make a business case that proves that there is a benefit. Such was the case in the example given in the case study. The author will answer to all of the critical thinking questions in the case as well as at least two of the key learnings to be had as well. While training is not a panacea, it is a needed and necessary part of making sure that service quality is…

Honolulu International Airport (HNL) is one of the world's largest, oldest, and most beautiful airports.

As the principal aviation gateway of the city and county of Honolulu on Oahu in the State of Hawaii, HNL is also identified as one of the busiest airports in the United States. Total traffic now exceeds 21 million passengers a year and is rising (Honolulu International Airport, 2016).

Owned and operated by the State of Hawaii Department of Transportation, HNL covers 4,520 acres of fast and submerged land. The airport itself is larger than the major resort destination of Waikiki, which is located 10 miles to the south (Honolulu International Airport, 2016).

HNL has four active runways, including the 12,000-foot Reef Runway. When it was built, the Reef Runway was the world's first major runway built entirely offshore (Honolulu International Airport, 2016). The airport is served by 27 international and domestic carriers, two interisland…

Behavior

This particular analysis will rely on the financial data of FedEx and UPS for the financial years ended 31st May 2013 and 31st May 2012; and 31st Dec 2012 and 31st Dec 2011 respectively.

FedEx and UPS Comparison -- Selected Balance Sheet and Income Statement Items

FedEx

UPS

(in millions)

(in millions)

% Change

(in millions)

(in millions)

% Change

Revenues

Cost of Goods Sold

Accounts Receivable

Accounts Payable

Inventory

From the figures above, it is clear that FedEx outperformed UPS on a number of fronts. This is particularly the case with regard to the revenues the company managed to rake in, in comparison to those of UPS. Within the two years under consideration, FedEx was able to increase its total revenues by of 3.77%. When it comes to UPS, its financial statements within the last two years show a revenue increase of 1.92%. It is therefore clear that…

Society

Externalities

Indirect Costs Imposed on the Future of Humanity

Environmental Externalities

Corporate Responsibility

The days in which institutions could ethically overlook the negative externalities they inflict on society have long since vanished with the introduction of a scientific consensus on anthropogenic influences and the effects they have on the health of the planet. The principle-agent argument, such as what Milton Freedman and others have proposed, is not able address the exponentially growing complexities that arise when trying to steer humanity towards a path to a sustainable future.

Before embarking on a discussion of the state of corporate leadership in regards to their considerations of externalities, it is prudent to be clear about what the concept of externality actually entails. One definition of externality is as follows:

Externalities are indirect effects of consumption or production activity, that is, effects on agents other than the originator of such activity which do…

costing system for use within the Company.

Costing systems serve a valuable role in monitoring the health of a company. They are designed to keep a focused eye on expenditures. When the data that is collected and generated by the costing system is integrated into the broader accounting system, the costing approach allows for easy extraction of the data for reports to management. The information that is gathered by a costing system allows owners and managers to quickly identify the current status of two key factors that are relevant to the success of the company: operational costs and performance costs. Operational costs are often the foundation of the data collected by a costing system. This information allows management to get an image of all expenditures that are directly connected with the operation of the organization, especially in terms of outlays such as production costs. Performance cost is the second important…

Euro before Brexit has maintained a higher value than the dollar since its creation. However, post-Brexit it depreciated slightly from 0.9109 and now stands at 0.88260 compared to the U.S. Dollar value of 1, meaning it appreciate in value within the time span of one month. The Australian Dollar has maintained a lower value than the U.S. Dollar. However, in the month of August it hit a dip of 1.29, appreciating in value. The same thing happened to the Canadian Dollar, which has always had lower value than the U.S. dollar but saw an increase in value going down to 1.28637 from 1.3212. The Japanese Yen took the same route appreciating in value from 106.55 to 100.18. The same as well for the Chine Yuan which started in July with 6.68 and now stands at 6.64879.

In regards to 4 years ago, the euro maintained a similar value at 0.82.…

Justice

The objective of this study to is examine the expenditures on corrections at the state and federal level and perform a cost benefit analysis of the modern American conception of justice.

Justice -- What Is It?

Justice is many things to many people. To some individuals justice is viewed as a form of punishment and to other justice is equity. roadly defined, justice can be viewed as a means to exact equality from an inequitable relationship between two individuals or entities. Justice, according to the ible, in terms of punishment is "an eye for an eye and a tooth for a tooth." (Exodus 21:22) What the ible speaks of in this instance is that transgressions shall be rewarded with appropriate punishment.

American Justice

The American justice system is one characterized by punishment that is oftentimes inequitable and in appropriate in the sentencing of offenders. Dr. Matthew Robinson notes that…

Beacon Lakes Case Analysis

Armando Codina is the chairman and CEO of Armando Codina Group of Company, which is one of the most active developers in Florida. However, Armando Codina is facing a challenging decision whether to abandon the Beacon Lakes development project worth $220 million or go ahead with the project. However, Codina has already spent $2 million to obtain the necessary approval to develop the 6.6 million square foot warehouse project Despite the approval, Codina is facing various obstacles making him considering whether to go ahead with the project or abandon the project. Codina feels that an unsuccessful project such as the Beacon project can affect his untainted career. Among the problems facing Codina is the uncertainty regarding the getting an approval for the project and expansion to the UDB (Urban Development Boundary) towards the west that is currently zoned to prohibit further development. (Segel, Barlick, & Gonzalec,…

Quality Analysis

Healthcare Quality and Cost

Despite the fact that there is a comprehensive policy agreement that both cost control and quality enhancement are vital, the relationship between health care costs and quality is one of contention in debates in health care policy. One conceivable aspect is that enhancement in quality necessitates infusion of investments or on the contrary, reductions on cost could diminish quality. On the other hand, improvements in quality could decrease costs by diminishing intricacies or healthcare facility readmissions. As a matter of fact, the relationship between cost and quality possibly lies between these two ends, so that some kinds on health care costs are linked with high quality and others with poor quality. The impact is reliant on the areas the funds are expensed (Hussey et al., 2013).

Select one public agency and one private agency and differentiate their roles and major activities in addressing cost…

Entrepreneurship
Introduction
The company selected is Dar Almanthour for Fragrance. The company was established in the year 2000 by the owner, Mr. Therar AlTararwa. The key products retailed by the company comprise of Bakhour, perfumes, scents, perfume oil and designed boxes for formal events. It started off with his friend at work wanting to sell his own made up fragrance and offered Mr. Therar AlTararwa to sell these fragrances to his family and when he did Mr. Al Tararwa saw an opportunity that selling these fragrances made money and so he wanted to get in the game he bought dozens of fragrances from his friend and made a guy sell them and he had his percentage of the sales. So then and there, Mr. Al Tararwa saw an opportunity and offered his friend money to sell him the mixture ingredients of the fragrance so he can open up a fragrance…

New payment system for parking near MBTA

The benefits of the new proposal for a pre-paid monthly scanned parking pass are twofold: it will make commuting to the city easier for regular commuters and also result in revenue increases for the city. Because of increased the ease of parking cars, more commuters will be willing to use public transportation, and there will be less congestion and pollution overall, indirectly improving the situation for all residents and pedestrians in the city.

Commuters will like the plan because it will better ensure them of a regular parking spot. It will save time in the morning, since presumably many people must rise early, just to ensure that they have time to pay for parking. In today's cashless society, the use of prepaid parking spots via a monthly pass ensures that commuters do not need to fumble with cash and coins to pay a…

EEOC eview

The Equal Employment Opportunity Commission (EEOC) is far and away the most prolific and omni-present agency that exists in the United States, at least at the federal level, that regulates employers and protects employees from discrimination and other unlawful and/or unethical employment practices including inequity in who is hired, who is fired, who is promoted and why, who is given raises and why and so forth. While budgetary constraints and some of the EEOC's recent decisions certainly deserve attention and scrutiny, the EEOC's status as the ultimate arbiter of employee rights in the United States is not going to change anytime soon.

The mission statement of the Equal Employment Opportunity Commission (EEOC) is to "stop and remedy unlawful employment discrimination" (EEOC, 2014). The vision statement of the EEOC is "justice and equality in the workplace." The EEOC states quite clearly on their website that they know full well,…

Inventory

Nike addresses futures ordering on page 64 of its FY 2016 Form 10-K. The futures ordering program "allows retailers to order five to six months in advance of delivery" at a fixed price. This program allows Nike to gain some advance knowledge of future demand, assisting the company to schedule its production accordingly with expected future demand. The company notes, however, that this program does not prevent excess or short inventory in the future, as not all retailers use the program and ultimately demand is not fixed. Excess demand results in inventory write-downs, or moving inventory around the market, or other tactics to recover the cost. On page 92, the company specifically addresses inventory reserves. When the company estimates that the realizable value of its inventory is less than the cost of the inventory, it will create an allowance on the books for this expected loss on that inventory.…

Foreign Exchange isk Management

a) What are the causes of UK and Brazilian markets' revenues in Dollars being lower than expected?

One of the main causes of the revenue in dollars generated from the markets in Brazil and UK being lower than anticipated by the company is due to the depreciation of the countries' currencies against the U.S. dollar. Between January and September, the GBP constantly depreciated against the USD, an aspect that had not been anticipated by the financial team of the company.

b) How is the company doing in these markets?

The company is not operating well in these two markets as the revenues generated in the market have incessantly decreased in the nine months period. As the currency continue to depreciate against the dollar so has the expected revenue depreciated over the period.

c) Based on the given data, should it continue or cease the operations in…

Corporate Finance

Essentially, most businesses view shareholders, i.e. The owners of a business as being the most important stakeholder group. It therefore follows that as per this view, a business entity has an obligation to put the needs of stockholder/owners first. It should, however, be noted that there are numerous other groups that also have an interest in the enterprise, and who are affected by the firm's actions. Key stakeholder groups according to Sims (2003, p. 74) include, but they are not limited to, "shareholders and investors, employees, customers, and suppliers…the government and communities…"

The table below ranks various stakeholders on the basis of: i) expected risk and return, and ii) importance to the organization's success.

Table

Stakeholder anking on the Basis of Importance to the Organization's Success

Stakeholder anking on the Basis of Expected isk and eturn

Shareholders/investors

Shareholders/investors

Government

Suppliers

3. Customers

3. Employees

4. Employees

4. Customers…

moves any sort of raw material, products or shipments in general, the subject of logistics is a very important one. Whether one is speaking of forward logistics or reverse logistics, there should be a fairly constant amount of cost/benefit analysis used and harnessed so as to maximize profit and logistical capacity. Indeed, there is almost always more than one way to do something form a logistical standpoint but the benefits of each method as well as the costs should always be assessed to make sure the proper method is used. Both cost and benefits need to be taken into full account because both matter a great deal.

Logistics Cost/Benefit

Some people might be confused by forward logistics as compared to reverse logistics. However, the subjects are actually fairly easy to absorb and interpret with the proper definition. Products and materials, even if slightly compromised, typically retain their value even if…

New Marketing Strategy for Caribou Coffee

Situational Analysis

Company Analysis

Strengths

Weaknesses

Opportunities

Threats

Marketing Proposal

Marketing Mix

Product

Pricing

Placement

Promotion

To survive firms need to adapt and change in line with the general marketplace. Many successful firm have been able successful deal with dominant competition and high levels of challenge. One firm which faces these challenges is Caribou Coffee, although the second largest coffee house chain in the U.S. it is an underdog when compared to Starbucks, with just over 400 stores across 18 states in the U.S. and 203 stores in 10 international countries, many of which are franchises (Caribou Coffee, 2016). The company has faced some setbacks due to the high level of completion within the coffee house market, closing some 80 stores in 2013, and a further 88 were converted to Peets Coffee and Tea (Leavitt, 2014; Leonard, 2013). This indicates the firm needs to…

HVAC System:

(1) Describe the components of the system or systems (AH, VAV, RTU, Chiller, cooling tower, piping, pumps, type of duct, etc.).

Direct Expansion Air Conditioning serves as the main system used for the HVAC system. This kind of system utilizes RVEC or refrigerant vapor expansion/compression cycle to allow for the direct cooling of the air supply to an occupied space. Because there are both the split systems and one package system for the DX units the parts are going to be different. The packaged systems contain all four pieces of the RVEC system (evaporator, condenser, compressor, expansion device along with some unit controls). This includes internal ducting and fans. The split systems contain fans and the evaporator within the building. The rest of the RVEC system components are placed outside of the building as separate units allowing greater flexibility.

A. The purpose of each component.

The system will…

World is Flat" is taken from a metaphorical point-of-view to highlight the development and advancement of technology in the world. The author, Thomas Friedman, asserts that the world has become flatter because technology together with other factors has turned the world into a smaller place. The author describes the manner in which technology has made the world become more competitive and elucidates what is necessary to compete in this new world that is deemed flat. For instance, Friedman offers a description of how manufacturing firms have relocated the location of their plants to international areas to make the most of cheaper labor and raw materials.

This is towards objective of coming up with products that are cost-effective and more competitive in the marketplace. This particular aspect of outsourcing has disseminated into the service industry also. Friedman describes various instances where tax returns of companies in the United States are accounted…

macroeconomic themes that have been taught or covered in this course is economic policy and its role in determining or influencing economic growth and development. Economic policy is a subject that has attracted considerable attention in recent months because of the presidential elections in the United States. Actually, monetary policy was one of the major issues in recent presidential campaigns and elections. This issue has also been subject of several publications by different new sources because of its significance in the country's economic growth and development. Paula Dwyer wrote an article to examine the recent rise of the Dow Jones Industrial Average in the aftermath of Donald Trump's election as the U.S. President. This analysis was carried out on the premise of the impact of Trump's economic policies on different aspects of the economy. The U.S. market has shown indication of its approval of Trump's economic policies in different ways…

Forensic Sciences in the USA and the United Kingdom

Over the last two decades, the forensic science has assisted in producing valuable evidence that has contributed to a successful conviction and prosecution of criminals and exoneration of innocent citizens. Typically, an advanced in forensic science and DNA technology have been a great assistance for law enforcement agency for an identification and prosecution of criminals. In the United States and the UK, many cases that have been formally unsolved have now been solved based on the great assistance of the forensic science investigators. (National esearch Council, 2009). Forensics or forensic science is a field of investigation drawing different scientific disciplines in law, criminal and civil services. This practice requires an application of scientific knowledge, quantitative, qualitative and empirical skills to collect and analyze data that will assist in presenting evidence in a tribunal or court of law. However, the method the…

EDUCATION Programme

UEFA Certificate in Football Management -- The Turkish Edition

Assessment Guidelines

Each participant is expected to submit his/her assignment for Module 1, 2 & 3 by the 07.05.2017 directly to IDHEAP project manager. Participants should provide concrete evidence facts and references) to consolidate observations and assess the feasibility of the recommendations made. We emphasise the fact that these observations should be personal ones, drawn from their own assessment and not necessarily reflecting those of their institution. You are expected to write 250 words or more) for each of the questions.

Criteria for Grading Assignments

Assignment grades will be communicated three weeks after they have been submitted which will give participants ample opportunity to take into consideration the constructive feedback they have been given and use this to improve their subsequent submission. The criteria for grading are listed in the table below.

Criteria for Grading Written Assignments

Clear presentation…

inclusion" is not part of the law; instead, it states that each student must be educated in the least restrictive educational environment (LRE). Analyze all sides of "inclusion," (1. full inclusion; 2. inclusion in special classes like physical education, art, or lunch; and 3. inclusion in all classes except for reading or math).

Inclusion

The term 'inclusion' means complete acceptance of every student which leads towards sense of acceptance and belonging in the classroom. Over the years, there has not been any fixed definition of inclusion, but different groups and organizations have provided their own definitions. The most basic definition of 'inclusion' states that every student with special needs are supported in 'chronologically age appropriate general education classes' in schools and get the instructions specialized for them by the Individual Education Programs (IEPs) within the general activities of the class and the main curriculum. The idea of 'inclusion' is to…

Freedom in the Classroom

The first chapter asks why theory, especially Critical Theory, matters in today's classrooms. The very first chapter essentially sets the stage for the kind of "freedom" that is aimed at achieving in the classroom: freedom from "historical norms" such as marriage being between a man and a woman (Hinchey, 2010, p. 1). Granted, this is just an example of the way ideas become entrenched in society, and Hinchey proceeds to apply this observation to the ways in which schools become bogged down by accepted norms -- such as the use of standardized text books, the division of work into subjects, and the amount of time spent in a class room as opposed to outside of it. The purpose of this chapter is to draw attention to the cultural habits that keep us from questioning conventional attitudes about the way things are done -- especially when it…

JC Penney Acquiring Kohl's

Kohl's Financials

Often, a firm that is taken over is struggling financially. One of the reasons is entirely pragmatic -- a struggling firm likely has a lower stock price, making the takeover more affordable. Over the past four years, Kohl's has seen its revenues flatline. evenues were $19.2 billion in FY 2016. The company's cost of goods sold is steady as well, at 63.8%. So in that sense, Kohl's is a very stable firm financially. This stability should actually mean that its stock price fairly accurately reflects the present value of future cash flows, making it difficult for the acquiring firm to earn profit from the transaction, given that they have to pay a premium to Kohl's shareholders.

The company has seen its selling, general, and administration expenses increase gradually over the past couple of years, which has resulted in shrinking operating income. The operating profit…

SWOT analysis for Apple

Strengths

Apple has a name renowned throughout the world as a pioneer of technological innovation and an extremely loyal customer base. There are people who will wait in line for hours to buy the newest Apple product and purchase virtually whatever Apple manufactures. Apple also has a reputation for producing quality products, as honed by its founder Steve Jobs for many years. Its iPhone, iPod, iPad, and other devices dominate the market in all their respective spheres. Apple has fanatically dedicated employees who are willing to work 60-70 hours per week to bolster Apple's creative offerings (Orlitzky, 2016, p. 6). Apple is extremely efficient in its use of organizational resources in generating new research and development, which results in considerable financial savings for the organization (Orlitzky, 2016, p. 7).

Weaknesses

The sudden loss of Steve Jobs meant that the guiding creative force which had shaped Apple's…

Management philosophy refers to an individual's opinion regarding to the best management practice. In other words, a management philosophy is the best strategy to communicate the work ethics to organizational employee, which can serve as a mission statement to serve as a guideline to perform management duties. My management philosophy is to provide guideline, leadership, direction, as well as delivering a good example to the subordinates. In other words, my management philosophy is to design an environment that will assist me to lead employee productively. I have been able to achieve productivity from the employee through conflict management, provide encouragement to low performing employees, as well as rewarding a strong performer among employee.

The objective of this paper is to discuss my management philosophy.

My management Philosophy

My management philosophy is to set a good example to influence other employee's to work diligently through decision making, planning, organizing, leading, controlling…

QALYs and HUI interventions

QALYs as a Measure of Economic Benefits from Health Interventions

QALYs give an acceptable way to evaluate the level of the advantages obtained out of various actions concerning health and the standard of existence that the patient has and even their continued survival.

QALYs have made the distribution of the funds, which are given for various resources to be done in an open way, with those who are in charge being made aware of the advantages of incorporating and utilising new methods of treatment and advanced technology (Philips, 2009).

Challenges of using QALYs as a Measure of Economic Benefits from Health Interventions

The use of QALYs as a measure can bring about new challenges in terms of not accommodating some serious health consequences.

They are inadequate when used to gauge two drugs that are similar in most things and in competition. They cannot take in intricate…

easters, Springfield's new Class A minor league baseball team had to solve the common issue of earning sufficient revenues from concession and ticket sales that would help fund their jobs in Springfield. The issue was aggravated by knowing that the Falcons, the only other professional sports team in Springfield, would have to leave because they failed to gain enough revenue from ticket and concession sales. The limitations were that only the budget of players' salaries as well as ball and bat expenses were funded by major league teams. Any and all other expenses, the minor league teams were accountable for and had to pay. Therefore, Nor'easters had to figure out a pricing policy that will them to break-even or make profit in order to raise revenues for their other expenses. If they failed to do so, they would have to follow the Falcons and move out of Springfield.

While Buckingham's…

TMP (Trusted Platform Module) is an international standard dedicated to secure hardware by integrating the security cryptographic keys into hardware devices. In other words, the TMP is a secure cryptoprocessor integrated into the computer motherboards enabling full disk encryption without using extremely long paraphrases. When a user buys a personal computer, the TPM is built into the computer's motherboard with the goal to offer security into the computer systems by generating the encryptions keys to protect the data in the drive. With the TPM in place, an attacker cannot remove the file from the systems or access the files elsewhere. Moreover, the TPM stores the encryption key that requires a user to login with a password to get access to the Windows and computer system.

The objective of this paper is to explore the concept the Trusted Platform Module, and the working protocol of the TMP technology.

Working Process of…

Cost Benefit Analysis and the City’s Water Dilemma
Introduction
This memorandum focuses on describing the value of cost benefit analysis. It does so by applying the first four steps of the U.S. Army Cost Benefit Analysis Guide as they relate to the city’s need to increase its water treatment capacity. The purpose of this memorandum is not to take the faculty of judgment away from any council member but rather to show how cost benefit analysis can facilitate the judgment process and provide support for pursuing the best possible opportunity at this time.
Step 1: Define the Problem / Opportunity; Describe the Background
Every problem is an opportunity. The problem that the city faces is with respect to its need to upgrade or update its water treatment plant which is more than 40 years old and costly to maintain. With the large automaker set to come to the unincorporated area…

Economic Analysis

Application of Cost Benefit Analysis

EU Proposed Project Overview

Traffic Forecast

Investment Costs

Positive Impact of the Project

Economic Net Present Value (ENPV)

Cost benefit analysis (CBA) is a systematic process of comparing and calculating the cost benefit of a project. Recent business uncertainties within business environment make increasing number of businesses to implement cost benefit analysis to make a sound investment decision. Cost-benefit analysis is also an explicit or implicit method to assess the benefits and costs of a project. Typically, an organization is likely to go ahead with a project if the Benefits (B) > Costs (C). Cost-benefit analysis is often used by private organizations or government to evaluate the desirability of a project. (Anthony, David, Aidan.). The CBA is used to analyze the expected benefits and costs. However, cost effectiveness analysis is closely related to cost benefit analysis. Although both concepts attempt to achieve the…

Workflow Anaysis

Workflow Analysis Of A Selected Nursing Activity

Workflow Analysis:

The Tele-Management System

Medication errors have resulted to numerous injuries, which has led to some healthcare providers adopting IT systems such as electronic records and information systems as a measure to minimize the errors. The adoption of these technologies involves several stakeholders, but most importantly, the informatics nurses. These nurses play an important role in optimization by representing the needs of clinicians. In addition, they also assist in improving technological solutions in case of technological hitches with the IT systems. When hospitals adopt technology solutions, it will influence their workflow process (McGonigle and Mastrian, 2012).

The informatics nurses come in to redesign the workflow to accommodate the solution, through evaluation of tasks that will require the utilization of technology. However, the solutions adopted should allow for exchange of information across different hospitals to improve or eliminate dependence on one…

financial analysis and more specifically financial ratios has been noted by Finkler, Marc and Baker (2007, p.253) to be important to managers since it can help them in making informed decisions. In this paper, we present the concept of ratio analysis as applied to healthcare facilities.

The concept and purpose of ratio analysis

Financial statement analysis is noted by Flex Monitoring Team (2005) to be very important to managers, boards, payers as well as lenders for them to effectively make the right judgments on the financial health of their organizations. atio analysis is one of the most accepted methods of assessing the financial health of an organization. The data that is used for ratio analysis is derived from income statements and balance sheets. It is a fact that most health care systems, hospitals as well as various other healthcare organizations routinely employ ratio analysis in evaluating their financial condition and…

Financial Analysis of Bestwish Limited

Company Overview

Bestwish Limited produces extensive range of quality products such as gift dressing, greetings cards, and plush merchandise of more than 50,000 stocks. The production of different categories of products involve between 2 and 15 processes. The company produces standardized products and custom designed products ordered from customers on contract basis. However, Bestwish Limited is facing challenges to control the costs because of varying production process, reliance on indirect costs and large number of stock keeping units.

Bestwish Limited has just closed the 2010 fiscal year account and the company is finalizing the 2011 budget. Bestwish intends to analyze the 2010 financial statement to present the accurate picture of the company financial performances.

Objective of this report is to analyze 2010 financial statements to assess the viability of Bestwish Limited.

Task

Attn:

Audit Committee of the Board

Finance Director

Subject: Financial statement Analysis

Date:…

Managerial Analysis

&D activities fall into four pools with the following annual costs.

Market analysis $1,050,000

Product design 2,350,000

Product development 3,600,000

Prototype testing 1,400,000

Total

Activities Cost Drivers Estimated Drivers

Market analysis Hours of analysis 15,000 hours

Product design Number of designs 2,500 designs

Product development Number of products 90 products

Prototype testing Number of tests 500 tests

(a) Compute the activity-based overhead rate for each activity cost pool

Activity-based overhead rate = total budget overhead / basis

= 1,050,000 / 15,000

= $70 per hour (Market Analysis)

Activity-based overhead rate = total budget overhead/basis

= 2,350,000 / 2,500

= $940 per design (Product Design Number)

Activity-based overhead rate = total budget overhead/basis

= 3,600,000 /

=$40,000 per product (Product development number)

Activity-based overhead rate = total budget overhead/basis

= 1,400,000 / 500

= $2,800 per test (Number of tests)

(b) How much cost charged to an in-house manufacturing…

Technical Analysis in the Implication of Efficient Market Hypothesis on Silver Market

The thesis is for the study of simple commonly used technical trading rules, which are applied on silver market. It covers years 1989 to 2005. A famous study carried out by Lakonishok, Lebaon and in year, 1992 has clearly shown that technical analysis can lead to abnormal prices when compared with buy-and-hold strategy. Other studies have been carried out and found out that technical trading rules cannot over-rule passive investment management strategy. The study uses Brock et al.'s methodology. Several trading rules are discussed (Dawson & Steeley 2003).

LITEATUE IVIEW

In financial theory, efficiency of financial silver market is highly disputed. This has led to many attempts to explain efficiency of silver markets. Eugene.F. Fama formulated the most famous definition in 1970 referred to as the, Efficient Silver market Hypothesis (EHM). The basis of the hypothesis is that…

New Look Jacket Inc.

Analysis a Business Issue.

New Look Jacket Inc. (NLJ) specializes in the production of Nylon Jackets and Leather Jackets. The company delivers successful financial records at the end of the 2012 fiscal year with the net income of $417,100, which is $170,850 greater than the net income budgeted for the 2012 fiscal year despite that the company operations goes through some turmoil. A more detail variance shows that the external factor largely responsible for the growth of leather markets that rapidly increase than anticipated making NLJ to catch with the increase in market demand.

Variance Analysis

Contribution Margin

Based on the figure in Exhibit 1, the total amount of contribution margin for the Nylon jackets is $4,350 less than the budget. Although, the actual unit of contribution margin is $0.15 greater than the standard due to the lower admin cost and selling per unit. However, the…

Gap Pesti and SWOT Analysis

SCOPE

In this section, I am doing a PESTI and SWOT analysis of GAP Inc. The goal of a PESTI and SWOT analysis is to evaluate the performance of a firm by using their financial statements[footnoteef:1]. In a PESTI and SWOT analysis you can determine the value of a firm by looking at its profitability and its growth. I will be using SWOT analysis and cash flow analysis to assess GAP's performance. After analyzing GAP I will forecast the next ten years based on our findings. [1: AmCham, eal Economy-Egypt. (Source: MoFT, January 2003 and Central Egyptian BankCEB, February 2002).]

I can either look at SWOT for GAP over several years to determine the success of the firm or I can compare the SWOT of GAP to other firms in the same industry. These SWOTs allow us to relate the financial numbers to the business…