Wednesday, January 29, 2020

Cost-Quality Relationship Essay Example for Free

Cost-Quality Relationship Essay There are three types of costs when quality considerations are made: Appraisal Costs, Prevention Costs, and Failure Costs. These costs are affiliated with the efforts of process improvement and are also known as quality costs or cost of quality. Appraisal costs are associated with measuring, evaluating or auditing products and services to satisfy quality and performance requirements set by the company. Examples of this cost include inspection and testing of purchases material, final inspections, audits for products and services, and testing equipment. Prevention costs are associated with all activities designed to prevent and stop poor quality in the products and services provided to the customers. Examples of this cost include new product review, supplier surveys, capability evaluations, improvement projects, education and training. Failure costs result from products and services that did not meet the quality standards and requirements set by the company. They divided into two categories: Internal Failure Costs and External Failure Costs. Internal failure costs occur before delivery and shipment of product and/or before services are performed to the customer. Examples of this cost include scrap,  rework, retesting, re-inspecting, reviewing the material and downgrading. External failure costs occur after delivery and during or after providing the service to the customer. Examples of this cost include reviewing and processing customer complaints, customer returns, claims based on warranty, and recalls. The total quality costs are the sum of the appraisal, prevention, and failure costs. This will represent the difference between the actual costs of the product and/or service. The trade-offs between the appraisal, prevention, and failure costs are relevant. Some believe when the prevention costs are increased , the appraisal and failure costs will decrease substantially. This means that the total costs will be lower. Others say that if they spend too much on quality, it will reduce the money available for other projects such as upgrades to technology.

Tuesday, January 21, 2020

Utilitarianism Essay -- criticisms of utilitarianism

This essay will present the key features of Utilitarianism and identify the problems of Utilitarianism to the extent to which they make Utilitarianism unacceptable. Jeremy Bentham founded Utilitarianism. He lived at a time of great change. With revolutions in France and America, demands were being made for human rights and greater democracy. Bentham worked on legal reform. Utilitarianism is associated with the principle of utility. Utility means the amount of satisfaction or pleasure that somebody gains from consuming a commodity, product, or service, i.e.; useful. The hedonic calculus, which is his system for measuring how good or bad a consequence is: At the time Bentham put forward the theory it was instrumental. It changed the way society was run and the way society now thinks for the better. It dramatically made changes to the poverty in Britain positively. Theories that are interested in the ends are known as teleological. Telos is Greek for the end. Therefore teleological means that the ends justify the means, utilitarianism follows this rule. Utilitarianism is the greatest goodness for the greatest number of people. The rightness of actions depends on their utility, and the utility is measured by the consequences, simply meaning the greatest good by moral actions. If the consequences are good, then the moral actions are not as relevant. A positive example is â€Å"Lucy wins the lottery. Instead of keeping it all to herself, Lucy decides to share it out with some of her friends, because she thinks it will make them happy.† Lucy is doing the greatest good for the greatest number of people and is doing it using goodness ... ...people’s common agreement about what is pleasure and what is pain. There are problems concerning what some people would consider pleasurable and what others would consider not pleasurable. Problems arise such as taste in music, hobbies and beliefs. In conclusion Utilitarianism has its political benefits, but is not clear enough with some aspects. It doesn’t show what is unacceptable in utilitarianism. Utilitarianism doesn’t have the flexibility of considering individual circumstances and moral values have no consideration in this theory. Utilitarianism is focused on quantity rather than quality. It seems rather a simple theory ‘the greatest good, for the greatest number of people’, however when you delve into the theory it becomes rather too complicated. For people to live by a theory it needs to be simple and clear.

Monday, January 13, 2020

Helping Children Master the Basic Facts Essay

The chapter â€Å"Strategies for Multiplication Facts† provides detailed overview of strategies used for mastering and enlarging multiplication facts. It is suggested that basic facts may be improved due to relating existing knowledge to new facts. The author outlines five group strategies stating that the first four are easier and they cover 75% of multiplication facts. Nevertheless, it is noted the offered strategies are simply suggestions, not the rules to follow. Actually, these strategies help students think of various facts easily. The special attention in the chapter is paid to doubles, zeroes and ones, helping facts, division facts and ‘near facts’, etc. It is noted that fact remediation should be used in case when students are unable to master basic facts mentioned above. Such students need new approach to comprehend basic facts. Therefore, fact remediation is of great importance, because it aims at providing hope for students having problems with mathematics. Often students experiencing difficulties with getting facts, start thinking they are unable to learn facts at all. The author recommends to â€Å"let these children know that you will help them and that you will provide some new ideas that will help them as well†. (184) It is admitted in the chapter that students who comprehend the basic multiplication facts doesn’t reason better that student who find it difficult to get the idea of basic facts. The author states that nowadays the goal of mathematics isn’t simply to learn how to count, instead it aims at learning how to reason, how to make the sense of things around. What is more important, mathematics develops the skills of critical thinking and punctuality. Mathematics teaches students to solve problems and, therefore, students experiencing difficulties with mastering basic facts shouldn’t be excluded from mathematical experiences. Summing up, the author claims that all students should be involved in â€Å"exciting and meaningful experiences, they have real motivation to learn facts and real opportunities to develop relationships that can aid in that endeavor†. (185) References Van De Walle, John. (2003). Elementary and Middle School Mathematics: Teaching Developmentally. USA: Allyn & Bacon.

Sunday, January 5, 2020

The Global Economy Has Suffered And Pushed Through Many...

In the year 2015, the global economy has suffered and pushed through many hurdles. In the first quarter, the American economy made a painstakingly slow progress in many places, while still dealing with other key players in the global market that had potential to hurt the markets even further. Greece and China have both caused lots of worry throughout the world; Greece not using the Euro as their currency could have hurt the market, as well as China’s government devaluing their own currency, causing a ripple effect throughout other markets. World trade itself has shrunken, adding new fire to the already blazing financial crisis at hand. Some would even argue that the first and second quarter of 2015 were the worst performing quarters that the world has seen in a very long time. Back in the 1990’s, growth in world trade was generally faster than growth in the GDP, or gross domestic product. However, recently this has changed—both have scaled back. Hyperglobalizatio n, a term used to describe the process of international intergration that arises from interchanging world views, products, ideas, and other aspects of culture, had begun by China’s gaining their own sovereignty, the former Soviet Union, and a reduction in trade barriers, as well as the creation of WTO (world trade organization. The expansion of global supply chains facilitated the progress in technology, which in itself causes economies to grow and prosper—better jobs, a more intelligent civilization that can keepShow MoreRelatedHow India s Economic Policies And Growth Have Changed Since Independence Essay2674 Words   |  11 PagesIndian subcontinent has been invaded since time immemorial for the riches the land held. It is often said that trading with India and conquering it was a great deal to the Europeans. For the British to reign the country for so long, which became dominant primarily after several wars and diplomatic issues in Indian as well as Europe, was a s ource of pride. It established them as superior to the Dutch, French and Portuguese. However, if India indeed is a country of such abundance, and has been a free countryRead MoreIntegrated E-Marketing Plan: Developing an E-Marketing Plan for Competing in the Electronic Global Marketplace16077 Words   |  65 PagesIntegrated e-Marketing Plan: Developing an e-Marketing Plan for Competing in the Electronic Global Marketplace Prepared for Powder Mountain Resort By: Student Date: 02/26/2011 Table of Contents Integrated e-Marketing Plan: Developing an e-Marketing Plan for Competing in the Electronic Global Marketplace 1 Table of Contents 2 Executive Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Selection of the e-Business for the Project†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 Read MoreI Love Reading Essay69689 Words   |  279 PagesP m n a d c a t i o n u o n P l o y m e n t l t h e v i r o n m e n t n a n c e A Study by National Knowledge Commission Entrepreneurship in India National Knowledge Commission 2008  ©National Knowledge Commission, 2008 This report has been prepared by Amlanjyoti Goswami, Namita Dalmia and Megha Pradhan with support and guidance from Dr. Ashok Kolaskar and Mr. Sunil Bahri. Table of Contents Acknowledgements Executive Summary Chapter I Chapter II Chapter III Chapter IV ChapterRead MoreSouthwest Airline Case Study15774 Words   |  64 PagesHistory Southwest Airlines has been a model of admiration for the airline industry and businesses from around the world combined. Southwest Airlines is a rag to riches story that has had to fight for everything it has become. Before Southwest was able to take on its first passengers, they had to fight competitors in the court system for nearly three and a half years. In 1966, Fortune Magazine states, â€Å"A San Antonio lawyer, Herb Kelleher, founded Southwest with one of his clients (now a Board member)Read MoreThe Walt Disney Company and Disney Management25371 Words   |  102 PagesPART SIX cases 2 THE CULTURAL ENVIRONMENT OF GLOBAL MARKETING O UTL I N E O F CASES 2-1 The Not-So-Wonderful World of EuroDisney— Things Are Better Now at Disneyland Resort Paris 2-2 Cultural Norms, Fair Lovely, and Advertising 2-3 Starnes-Brenner Machine Tool Company: To Bribe or Not to Bribe? 2-4 Ethics and Airbus 2-5 Coping with Corruption in Trading with China 2-6 When International Buyers and Sellers Disagree 2-7 McDonald’s and Obesity 2-8 Ultrasound Machines, India, China, and a SkewedRead MoreWal-Mart Stores: Every Day Low Prices in China11767 Words   |  48 Pagesrights—China’s retail market had thawed and was laid open to all. To the world’s largest retailer, Wal-Mart Stores, China had long been a strategic imperative. On one hand, nearly US$20 billion worth of goods made in China were now travelling through Wal-Mart’s global supply chain to drive its costs down; on the other hand, China’s vast size in land and population, an emerging middle class optimistic and eager to spend, and consumers’ relent less pursuit of value all seemed to suggest that China was anRead MoreProject on Risk Management46558 Words   |  187 Pagesunderstand the concepts those were not clear to me. I learnt a lot from his professional sknowledge. SUBODH AGARWAL 4108163163 Management of Business Finance Preface As a part of Management of Business Finance (MBF) programme, a student has to pursue a project duly approved by the Director of the Indian Institute of Finance. I had the privilege of undertaking a project on â€Å"Risk Management by INDUSIND BANK LTD.† My project report is divided into seven chapters and they are given as under: Read MoreAn Industry Study on the Intensive Pig Farming Industry15104 Words   |  61 Pagesthe per capita consumption. This economic trend’s effect is further aggravated by rising pork prices due to supply shortages caused by diseases, as well as, rising feed prices. The latter being the top value input of the industry (70%) and as such has a large effect on market price. Profit margin for the industry is relatively small due to price caps that allow the product to remain competitive with its substitutes. This is the industries single greatest threat. Rising costs in its productionRead MoreDhjsj14297 Words   |  58 PagesDoes Auditing Matter? Janice Rhodora P. Carpentero La Salle University and Eljoy Delos Santos La Salle University May 22, 2013 Does Auditing Matter? SUMMARY: The scrutiny auditing has received post-Enron provides compelling evidence that auditing does matter, to answer the rhetorical question posed by the paper’s title. What is unclear, however, is whether auditing was sufficiently â€Å"broken† in the first place to warrant the radical reforms and changes effectedRead MoreCase Study148348 Words   |  594 PagesStrategies Strategy Development Processes Organising for Success Leadership and Strategic Change The Practice of Strategy Pages 30 37 47 59 69 79 88 99 108 115 122 132 144 150 162 Case Teaching Notes The LEGO Group: Working with Strategy The Global Pharmaceutical Industry: Swallowing a Bitter Pill Vodafone: Developing a Total Communications Strategy in the UK Market European Tour Operators: Confronting Competition in the Tourism Industry Evolution and Revolution in the Hi-Fi Sector Amazon.com