Monday, September 16, 2019
Vice President for Information Technology and CIO at Radford University
September 19th, 2018, Mr. Danny M. Kemp spoke to our Enterprise Information Architecture class. Mr. Kemp is the Vice President for Information Technology and CIO at Radford University. He began by discussing his past experiences that led him to where he is now and what his responsibilities are. I am so glad that Dr. Pittges arranged Mr. Kemp as a guest speaker for us. Being an IT student myself, I am quite familiar with the rapid advancement of technologies over the past few decades and how it has been a challenge to the IT strategist to follow the latest trend and perform the business functionalities. We have the Division of Information Technology at Radford University, which is also responsible for fulfilling the technological needs of the faculty, students, and staffs. I think it must be really challenging to manage the entire division of IT. It was a great experience to hear from the man, Mr. Kemp, who is the person behind the scene for managing the Department of the IT. I was grateful when Mr. Kemp, who had been serving as a member of the President's executive cabinet, was sharing his experience. I was more surprised when he stated that he was responsible for providing vision, leadership, coordination and strategic planning for all the aspects of Information Technology at Radford University. It is quite amazing to learn how a person could manage several functionalities at the same time. I also learned that it is important to have a better understanding of technology trends that are applicable to client's business. I also realized that we need to keep a better articulation of tasks, deliverables, timelines and resources needed for any system. What I absorbed from Mr. Kemp's presentation is that we first need to develop some strategies and then only we should oversee the planning, evaluation, deployment and operation of the systems. The systems include areas such as IT infrastructure, enterprise systems, technology support services, web and mobile technologies, printing services, information security, electronic engineering and communication services, IT planning, policy and compliance, and IT project management. Every word he spoke felt like a word of wisdom to me. On the other hand, I was also quite happy to know his concerns regarding the security of the data of all the people directly and indirectly related to the university. It felt good when I knew that Duo ââ¬â the two-factor authentication, which enhances security by adding a second layer of authentication to the login is also being implemented under his administration. I was personally very impressed by Mr. Kemp's presentation. He was very organized and very well informed about all the materials he was presenting. I strongly agree with Mr. Kemp's view on developing the strategies first for any business before trying to implement the planning and deployment. His presentation has affected me in a positive way. I am looking forward for the next guest speaker.
Sunday, September 15, 2019
United States Dollar and Arbitrage Opportunity
5 Questions 2. What is the difference between the retail or client market and the wholesale or interbank market for foreign exchange? 3. Who are the market participants in the foreign exchange market? 5. What is meant by a currency trading at a discount or at a premium in the forward market? 6. Why does most interbank currency trading worldwide involve the U. S. dollar? 7. Banks find it necessary to accommodate their clientsââ¬â¢ needs to buy or sell FX forward, in many instances for hedging purposes.How can the bank eliminate the currency exposure it has created for itself by accommodating a clientââ¬â¢s forward transaction? 8. A CD/$ bank trader is currently quoting a small figure bid-ask of 35-40, when the rest of the market is trading at CD1. 3436-CD1. 3441. What is implied about the traderââ¬â¢s beliefs by his prices? 9. What is triangular arbitrage? What is a condition that will give rise to a triangular arbitrage opportunity? Problems 1. Using the American term quote s from Exhibit 5. , calculate a cross-rate matrix for the euro, Swiss franc, Japanese yen, and the British pound so that the resulting triangular matrix is similar to the portion above the diagonal in Exhibit 5. 6. 4. Restate the following one-, three-, and six-month outright forward European term bid-ask quotes in forward points. Spot1. 3431-1. 3436 One-Month1. 3432-1. 3442 Three-Month1. 3448-1. 3463 Six-Month1. 3488-1. 3508 8. A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1. 5960-70 A$/$ = 1. 7225-35An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote? 9. Given the following information, what are the NZD/SGD currency against currency bid-ask quotations? American TermsEuropean Terms Bank QuotationsBidAskBidAsk New Zealand dollar . 7265 . 72721. 37511. 3765 Singapore dollar . 6135 . 61401. 62871. 6300 10. Doug Bernard specializes in cross-rate arbitrage. He notices the fo llowing quotes: Swiss franc/dollar = SFr1. 5971? $ Australian dollar/U. S. dollar = A$1. 8215/$ Australian dollar/Swiss franc = A$1. 1440/SFrIgnoring transaction costs, does Doug Bernard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, what steps would he take to make an arbitrage profit, and how would he profit if he has $1,000,000 available for this purpose. 11. Assume you are a trader with Deutsche Bank. From the quote screen on your computer terminal, you notice that Dresdner Bank is quoting â⠬0. 7627/$1. 00 and Credit Suisse is offering SF1. 1806/$1. 00. You learn that UBS is making a direct market between the Swiss franc and the euro, with a current â⠬/SF quote of . 6395.Show how you can make a triangular arbitrage profit by trading at these prices. (Ignore bid-ask spreads for this problem. ) Assume you have $5,000,000 with which to conduct the arbitrage. What happens if you initially sell dollars for Swiss francs? What â⠬/SF price will eliminate triangular arbitrage? Operations Management Assignment 1 Due Date:1 April 2013 Q1. David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1000 tires per day with the following resources: Labor: 400 hours per day @ 12. 5 per hour Raw material: 20000 pounds per day @ $1 per poundEnergy: $5000 per day Capital cost: $10000 per day (a) What is the labor productivity per labor-hour for these tires at Upton Manufacturing? (b) What is the multifactor productivity for these tires at Upton Manufacturing? (c) What is the multifactor productivity if Upton can reduce the energy bill by $1000 per day without cutting production or changing any other inputs? Q2. The monthly sales for Telco Batteries, Inc. were as follows: Month Sales Jan 20 Feb 21 Mar 15 Apr 14 May 13 June 16 July 17 Aug 18 Sep 20 Oct 20 Nov 21 Dec 23 Forecast January Sales using each of the following: ) A 3 ââ¬â month moving average b) A 6 ââ¬â month weighted a verage using 0. 1, 0. 1, 0. 1, 0. 2, 0. 2 and 0. 3 with the heaviest weights applied to the most recent months. c) Exponential smoothing using an ? = 0. 3 and a September forecast of 18 d) A trend projection With the data given, which method would allow you to forecast next March sales? Q3. Income at the law firm Smith and Wesson for he period February to July was as follows: Month Feb Mar Apr May June July Income 70. 0 68. 5 64. 8 71. 7 71. 3 72. 8 (a) Use trend-adjusted exponential smoothing to forecast the law firmââ¬â¢s Aug income.Assume that the initial forecast for February is $65000, and the initial trend adjustment is 0. The smoothing constant selected are ? =0. 1, and ? = 0. 2. (b) Resolve the problem with ? =0. 1, and ? = 0. 8. (c) Compute the MAD and MAPE. Which forecasting, part (a) and part (b) performs better? Why? Q4. Attendance at Los Angelesââ¬â¢s newest Disneylike attraction, Vacation World, has been as follows: Quarter/year 2007 2008 2009 Winter 73 65 89 Spr ing 104 82 146 Summer 168 124 205 Fall 74 52 98 Compute seasonal indices using all of the data. United States Dollar and Arbitrage Opportunity 5 Questions 2. What is the difference between the retail or client market and the wholesale or interbank market for foreign exchange? 3. Who are the market participants in the foreign exchange market? 5. What is meant by a currency trading at a discount or at a premium in the forward market? 6. Why does most interbank currency trading worldwide involve the U. S. dollar? 7. Banks find it necessary to accommodate their clientsââ¬â¢ needs to buy or sell FX forward, in many instances for hedging purposes.How can the bank eliminate the currency exposure it has created for itself by accommodating a clientââ¬â¢s forward transaction? 8. A CD/$ bank trader is currently quoting a small figure bid-ask of 35-40, when the rest of the market is trading at CD1. 3436-CD1. 3441. What is implied about the traderââ¬â¢s beliefs by his prices? 9. What is triangular arbitrage? What is a condition that will give rise to a triangular arbitrage opportunity? Problems 1. Using the American term quote s from Exhibit 5. , calculate a cross-rate matrix for the euro, Swiss franc, Japanese yen, and the British pound so that the resulting triangular matrix is similar to the portion above the diagonal in Exhibit 5. 6. 4. Restate the following one-, three-, and six-month outright forward European term bid-ask quotes in forward points. Spot1. 3431-1. 3436 One-Month1. 3432-1. 3442 Three-Month1. 3448-1. 3463 Six-Month1. 3488-1. 3508 8. A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1. 5960-70 A$/$ = 1. 7225-35An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote? 9. Given the following information, what are the NZD/SGD currency against currency bid-ask quotations? American TermsEuropean Terms Bank QuotationsBidAskBidAsk New Zealand dollar . 7265 . 72721. 37511. 3765 Singapore dollar . 6135 . 61401. 62871. 6300 10. Doug Bernard specializes in cross-rate arbitrage. He notices the fo llowing quotes: Swiss franc/dollar = SFr1. 5971? $ Australian dollar/U. S. dollar = A$1. 8215/$ Australian dollar/Swiss franc = A$1. 1440/SFrIgnoring transaction costs, does Doug Bernard have an arbitrage opportunity based on these quotes? If there is an arbitrage opportunity, what steps would he take to make an arbitrage profit, and how would he profit if he has $1,000,000 available for this purpose. 11. Assume you are a trader with Deutsche Bank. From the quote screen on your computer terminal, you notice that Dresdner Bank is quoting â⠬0. 7627/$1. 00 and Credit Suisse is offering SF1. 1806/$1. 00. You learn that UBS is making a direct market between the Swiss franc and the euro, with a current â⠬/SF quote of . 6395.Show how you can make a triangular arbitrage profit by trading at these prices. (Ignore bid-ask spreads for this problem. ) Assume you have $5,000,000 with which to conduct the arbitrage. What happens if you initially sell dollars for Swiss francs? What â⠬/SF price will eliminate triangular arbitrage? Operations Management Assignment 1 Due Date:1 April 2013 Q1. David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1000 tires per day with the following resources: Labor: 400 hours per day @ 12. 5 per hour Raw material: 20000 pounds per day @ $1 per poundEnergy: $5000 per day Capital cost: $10000 per day (a) What is the labor productivity per labor-hour for these tires at Upton Manufacturing? (b) What is the multifactor productivity for these tires at Upton Manufacturing? (c) What is the multifactor productivity if Upton can reduce the energy bill by $1000 per day without cutting production or changing any other inputs? Q2. The monthly sales for Telco Batteries, Inc. were as follows: Month Sales Jan 20 Feb 21 Mar 15 Apr 14 May 13 June 16 July 17 Aug 18 Sep 20 Oct 20 Nov 21 Dec 23 Forecast January Sales using each of the following: ) A 3 ââ¬â month moving average b) A 6 ââ¬â month weighted a verage using 0. 1, 0. 1, 0. 1, 0. 2, 0. 2 and 0. 3 with the heaviest weights applied to the most recent months. c) Exponential smoothing using an ? = 0. 3 and a September forecast of 18 d) A trend projection With the data given, which method would allow you to forecast next March sales? Q3. Income at the law firm Smith and Wesson for he period February to July was as follows: Month Feb Mar Apr May June July Income 70. 0 68. 5 64. 8 71. 7 71. 3 72. 8 (a) Use trend-adjusted exponential smoothing to forecast the law firmââ¬â¢s Aug income.Assume that the initial forecast for February is $65000, and the initial trend adjustment is 0. The smoothing constant selected are ? =0. 1, and ? = 0. 2. (b) Resolve the problem with ? =0. 1, and ? = 0. 8. (c) Compute the MAD and MAPE. Which forecasting, part (a) and part (b) performs better? Why? Q4. Attendance at Los Angelesââ¬â¢s newest Disneylike attraction, Vacation World, has been as follows: Quarter/year 2007 2008 2009 Winter 73 65 89 Spr ing 104 82 146 Summer 168 124 205 Fall 74 52 98 Compute seasonal indices using all of the data.
Saturday, September 14, 2019
Lead Change Ba
lead Leading Change ââ¬â British Airways case: references MBA 2013 Core Grugulis, I. , Wilkinson, A. (2002) Managing Culture at British Airways: Hype, Hope and Reality. Long Range Planning, 35, 2, 179-194. Kotter, J. (2007) `Leading Change: Why Transformation Efforts Failââ¬â¢, Harvard Business Review, January 2007, pp. 96 ââ¬â 103 Recommended Beer, M. & Nohria, N. 2000, ââ¬Å"Cracking the Code of Changeâ⬠, Harvard Business Review, vol. May-June, pp. 133-141. Vermeulen, F. , Puranam, P. & Gulati, R. 2010, ââ¬Å"Change for Change's Sakeâ⬠, Harvard business review, vol. 8, no. 6, pp. 70-76 Supplementary Burnes, B. 2004, Managing Change, Fourth edn, Financial Times/Prentice Hall, London. Grey, C. 2003, ââ¬Å"The Fetish of Changeâ⬠, TAMARA: Journal of Critical Postmodern Organization Science, vol. 2, no. 2, pp. 1-19. Jick, T. D. & Peiperl,M. A. (2003) (2nd edn) `Managing Change: cases and conceptsââ¬â¢, Boston: McGraw-Hill (pp 26-44) Kegan, R. & Lahey, L. L. 2001, ââ¬Å"The real reason people won't changeâ⬠, Harvard Business Review no. November, pp. 84-92. Kotter, J. P. (1996) Leading change, Boston, Mass. Harvard Business School Press (658. 406) 4 copies in UniS library, and available as an e-book Morgan, G. 2006, Images of Organization, 4th edn, Sage, London. Robbins, H. and Finley, M. (1997) Why Change Doesnââ¬â¢t Work, London: Orion Business Books (out of print, sections 1,2, and 3 are available at http://mfinley. com/bizbooks/list-changebook. htm) Watzlawick, P. , Weakland, J. , & Fisch, R. 1974, Change: principles of problem formation and problem resolution W. W. Norton & Co. , New York.
Friday, September 13, 2019
People of the middle east Essay Example | Topics and Well Written Essays - 1750 words
People of the middle east - Essay Example The first word that was revealed to Mohammad (P.B.U.H) in the Koran was ââ¬Å"IQRAâ⬠which means to read, recite and seek knowledge. The Koran repeats several words in order to embed key concepts in the mind of the listeners. The word Elm (Knowledge) has been used 750 times which has got the third position after the words ââ¬ËAllahââ¬â¢ and ââ¬ËRabââ¬â¢. So Allah emphasized the importance of education and knowledge in the first word of his revelation and even throughout the Koran. Islam is a precious gift for the Muslims to attain salvation and success in this world. For this they need to follow the Koran and seek knowledge from it. Education is an ultimate criterion in recognizing a true Muslim and every true Muslim need to seek and spread knowledge as taught by prophet Mohammad (P.B.U.H). The following hadith (Sayings of Prophet Mohammad (P.B.U.H)) demonstrates the importance of education in Islam. Prophet Mohammad (P.B.U.H) said that if anyone travels on the road with the intention of seeking knowledge then Allah will cause him to travel on the roads of Paradise. The inhabitants of heavens, earth and the fish living in the deep water will ask for forgiveness for the knowledgeable man. The superiority of the learned man over a devout is like of a moon, over a full night, on the other stars in the sky. The learned people are the heirs of prophet who do not leave dirham (money or currency of Arabia) but only leave knowledge and whoever takes it take in generous amounts. History shows that Muslims have rose to the zenith of civilization and it was just because they adhered to the Islamic law and the teachings of the Holy Koran. The Islamic Empire was once the most advanced and civilized nation of the world. Muslims were responsible for setting the fundamental concepts of different fields. The teaching of the Koran drove them to accomplishments in various disciplines of science. By the end of the tenth century
Thursday, September 12, 2019
Alternatives to the Erection of Additional Transmission Lines Assignment
Alternatives to the Erection of Additional Transmission Lines - Assignment Example These poles are made of either wood or metal. Introduction The erection of transmission lines is usually a very disadvantageous affair. It is very essential for an alternative means to be sort after. Most power generation sites are usually put up in places far away from the points of consumption of electricity. These are places like riverbanks, sea shores, lake side and waterfalls. This makes it necessary for the transmission lines to be very long. In this regard, it becomes a very expensive activity to carry out. Considering that the lines also carry high voltages, they are themselves a hub of danger cutting across community land. The lines also hamper transportation in certain areas. In addition, a lot of the generated power is lost in the long transmission lines as heat energy leading to unnecessary loss to the society. It is therefore important where possible to avoid additional transmission lines and employ the use of alternative means. Discussion One of the major ways of avoidi ng the erection of additional transmission lines is effective management of the mode of consumption of electric energy. This should be aimed at reducing the dependence on electric energy. It should also be aimed at reducing the wastage of electric energy. By so doing, the magnitude of electric power consumed by the community is reduced. In turn, the need to transmit more electric power or install additional transmission lines is alleviated. ... There are new Light Emitting Diode bulbs that have been developed which consume only 15 Watts each. If a mechanism can be put in place to ensure that every house hold installs these new bulbs, the energy consumption shall be tremendously reduced. It shall with no doubt follow that there will be absolutely no need to erect additional transmission lines. Another mechanism that can be used to reduce the amount of electric energy that is consumed by the community is radical sensitization. A sensitization and awareness program can be held that educates the community on the importance of conserving electric power. Most consumers of electricity usually put electric power into waste simply because they are ignorant of the implications of their actions. They simply use electric power haphazardly without much care. Electricity is wasted out of ignorance in numerous ways. These include leaving electrically powered lights on in rooms that are not used; leaving electrically powered appliances suc h as radios and televisions running while one is out on a journey or at work; plugging in and powering electric irons while one is still engaged in other activities such as showering or choosing the items of clothing to wear before finally embarking on ironing; reheating food several times using an electric source of heat before finally deciding to eat. These ignorant and avoidable ways of life can be eliminated. They are practiced out of ignorance and shear irresponsibility. They lead to huge wastage of electric power consumption in overall. Upon raising of awareness, these behaviors can be completely done away with. There are several ways in which awareness can be enhanced. Public rallies can be held where high profiled and popular personalities are
Advanced Networking Coursework Example | Topics and Well Written Essays - 2250 words
Advanced Networking - Coursework Example The huge size of the organisation can be guessed by its year 2007 volume of credit and debit card transactions which grossed to 4 billion.The organisation is looking for evaluation and strategies to improve grey in the fields of Fault management, Configuration Management, Network management, Security Management and Account Management. Finally, the organisation is interested in developing a network Management tool to automate & simplify the areas mentioned before. This paper attempts to provide a strategic solution in all the areas of Fault management, Configuration Management, Network management, Security Management and Account Management.Fault Management is defined as the process of monitoring, identifying, correcting the errors in any system. The Fault management is of two types - Passive and Active. The Passive fault management is also knows the breakdown management as in this case the designated person or system does not work towards correcting the fault until the system has brok en down.In case of the active fault management, the complete system is monitored by an automated system which keeps on checking all the network connections and keeps sending the report to an operator. The operator, through a set of parameter values, determines if the values are in "safe" range else the remedial action can be taken before the breakdown of the system happens. The Fault Management systems are designed to operate in auto modes i.e. the system takes action on its own to correct the problem or else it sends an SMS, automated call to the escalation for any kind of human intervention to correct the problem. The following schematic diagram explains this system more clearly. Diagram 1: Schematic of the Active Fault Management System Following techniques are used to repair the faults identified in the network of the IT System - Remove / neutralize fault, using redundancy Retry without intervention (time redundancy) Reconstruct data/state (data redundancy) Work-around (configuration redundancy) Substitution (code redundancy) Tolerate fault: reduce service quality Reduce speed, reduce precision Use default, omit faulty parts Supportive functionality: Checkpointing - Dynamic Reconfiguration Organization of Fault Management at XYZ enterprise XYZ enterprise would be using all the techniques mentioned in the previous section to efficiently handle the Faults at the enterprise's complex system. The management would be pro-active with the agreed safe parameters along with formal documentation on the escalation procedure. Configuration Management Configuration Management is defined as the process of managing the software source code or any "configuration" items in its integrated format. All the changes to the configurable items are version controlled and are stored in software which allows the configurable items to be updated only after a set of processes are followed. Configuration Management helps to identify at any point of time, the current software code version, essential characteristics of the codes and any dependencies amongst the codes, if any. Unless, there is a methodology to manage the software codes, the changes to software can be a minor discomfort to a major issue with a potential to bring down the mission critical business applications. Another important use of the Configuration Management process is the reduction of development effort in applications by re-using the existing software available in the organisation. The identification of the characteristics of the existing source in the organisat
Wednesday, September 11, 2019
Text, Image, Culture Essay Example | Topics and Well Written Essays - 2000 words
Text, Image, Culture - Essay Example Most of the consumers buy televisions to satisfy their need of being connected to the world. Before, small television sets already satisfied this need. However, when the big televisions were introduced, the society began to change their through of being duly satisfied. It came to be that bigger televisions would bring about better self satisfaction level for many consumers. Besides convenience, they are satisfied by the fact that they are able to benefit from the best and most recent innovations of technology, which makes them a part of a modern society. Psychologically, being able to get along with the society is a great benefit in terms of self-satisfaction matters of an individual. Usually, owning large-sized televisions suggest extravagance and luxury. This fact then adds up to the social status of an individual who has the capability to purchase the said type of televisions. Normally, a person who owns a television set that is of a large-size is usually identified as someone who has a better social status than that of the others who own smaller television types. Yes, owning a large television also identifies the financial capability of the consumer. As known to many, large televisions cost higher than that of the smaller ones. This is mainly because of the features that it posses and the elements of entertainment that it offers its viewers. Aside from this, the marketing strategy of the said types of television sets suggest that if consumers buy them, they are to be considered "cool" by the society. As a result, many consumers who buy the said device have the same idealism as they take ownership of the television. On Personal Companionship Many among those who purchase large sized television would want to fulfill their need of having a personal companion. Psychologically, this may be termed as a personal need of having someone or something to fill the void of companionship within a person. More than just the idea of relaxation that the television provides, for many introvert persons who would rather stay at home than mingle with other outside, televisions serves as a personal companion. The certainties of the fulfillment of the said television regarding the said need could be seen in the actual provisions of the television of bringing the world to the house of the television viewer or owner. On Advertising Matters and Social Culture In a world of numerous products offered by different manufacturing companies, advertising strategies used by the business establishments could be both appealing and blinding to the eyes of the consumers. Why is this so This is due to the fact that marketing
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