Lean production is based on the logic that nothing will be produced until it is needed. Need is created by an actual demand for the product. When an item is sold, in theory, the market pulls a replacement from the last position in the system or final assembly. This triggers an order to the production line which generates orders at upstream work stations. Lean demands high levels o quality at each stage of the process, strong vendor relations, and a fairly predictable demand for the end product.
The Great Prepotion Mystery is designed to be used as a review of prepositions in an intermediate/ advance grammar course. The vocabulary is not grades, and some students may have to use a dictionary more frequently than others. The student gets practice with preposition in three ways: by choosing an appropriate preposition in context; by selecting an appropriate in a narrowly defined situation; and by using prepositions in student- generated sentences....
The questionnaire consisted of both multiple choice questions and qualitative
questions. The quantitative questions focused on two main areas: (a) the
usefulness of the course and various course components for the enhancement
of the students’ academic writing skills and abilities, and (b) the usefulness of
the course in helping them write their other course-work related assignments
and research reports.
An engineer, procure and construct (EPC) contract is a form of D&B contract
under which a design engineer or firm of design consultants heads a team
which includes an experienced contractor and perhaps a plant supplier. The
promoter specifies his project requirements in outline which the team designs
in detail in continued liaison with him. The EPC organization arranges and
manages construction, letting specialist work packages out as necessary to
Changes to the UCITS directive introduced in 2001 extended the scope of eligible assets for
UCITS to new classes of assets.
As a result, UCITS managers now invest in a much greater
number of countries and in more complex instruments than in 1985. As more investment
opportunities arise in different third country jurisdictions, the necessity to appoint sub-
custodians in these jurisdictions increases.
Despite the enlargement of eligible investment instruments, the UCITS Directive does not
define the conditions applicable in case a depositary delegates custody to a sub-custodian.
Standardised, regularly available indicators to explain market developments for microfinance in
Europe do not yet exist, or refer to Eastern Europe. Thus, we will focus in this section on the
framework conditions for microfinance which are covered by the regularly updated Eurostat
indicators for poverty and social inclusion, and by data on micro-enterprises. Specific aspects of
the current crisis will be discussed later in this paper.
Seventh, the study is the only one which gives important policy implications,
reporting them in turn in each empirical chapter. This is the first study on Thailand which
discusses the effect of the Thai government’s encouragement of individual savings by
adopting special fund styles which give favourable tax treatment. We reveal the policy
implications of this action by assessing these specific funds in a separate group from general
funds, before comparing and discussing the results from the two groups. ...
Interest in power systems economics is gaining momentum with the recent power supply shortages in America and the rising cost of fossil fuels. The involvement of independent power generators, brokers and distributors has changed the way in which power systems operate. Kirschen and Strbac use a combination of traditional engineering techniques and fundamental economics to address the long-term problems of power system development in a competitive environment.
The Project Board is the executive authority of a project. It authorizes the project
to proceed, change direction or stop. It enters in to a contract with the Project
Manager through the Project Initiation, Project and Stage Plans, to provide the
executive support and resources required to execute a project which will deliver the
specified products to schedule and budget. In effect, the Project Board acts as the
project guardians, enabling the Project Manager and Project Team to do their job
protected "from the arrows of outrageous fortune".
Section 619 of Dodd-Frank (the “Volcker Rule”)
generally prohibits any banking entity, including afﬁ liates
of banks, from the following (all of which are subject to
a number of exceptions): (i) engaging in, sponsoring or
investing in a “covered fund” (e.g., a hedge fund, pri-
vate equity fund, and numerous other private funds and
pooled investment vehicles), and (ii) having certain rela-
tionships with a covered fund.
The crucial assumption that allows as to solve the two-good model relatively simply is the
ability of the shoppers to combine purchases from two stores without incurring additional
cost. This assumption can be justied for internet shopping or the cases when as Stahl,
II (1989) puts it \Casual empiricism suggests that there is a non-negligible measure of
consumers who seem to derive enjoyment from shopping itself".
What do we know about the demographics of this diverse population? In
1990, Buchanan estimated that there were approximately 30 million peo-
ple in the United States whose native language was not English. In 1998,
Cheng said that there were 8 million immigrants from Southeast Asia
alone. The 2000 United States census (U.S. Bureau of the Census, 2003)
reports a total of more than 31 million foreign-born individuals. More than
half (51.7%) are from Latin America and more than one fourth (26.4%) are
from Asia. The rest were born in Europe (15.8%), Africa (2.8%), Oceania
In the recent years the electrical power utilities are undergoing rapid restructuring process
worldwide. Indeed, with deregulation, advancement in technologies and concern about
the environmental impacts, competition is particularly fostered in the generation side
thus allowing increased interconnection of generating units to the utility networks. These
generating sources are called as distributed generators (DG) and defined as the plant which is
directly connected to distribution network and is not centrally planned and dispatched.
A major trend in the world economy in recent years has been the dynamic growth in
a number of regions including China, India, Brazil, Mexico, Russia and the new
European Union member states in Central Europe. The strong economic performance
of these regions will generate a major shift in world competitiveness with
important implications for Europe. Compared to this dynamism, economic growth
in Europe has been weak in recent years.
The dominant nature of this long-short or spread trading
activity explains why hedge funds do so well in market
downturns (i.e. it is not directional). But it also explains why
leverage needs to be relatively high: investing in a strong
stock market generates strong returns, while investing in a
low-risk spread in a long-short strategy does not. So the
trade has to be levered up a number of times in order for the
spread trades to generate competitive returns (while keeping
the benefit of avoiding directional risk in the market).
The first conclusion of the review was that the later generation of social
funds had better integration of sustainability elements in their project
design than the earlier generation of social funds. There was more em-
phasis on active community participation throughout the project cycle,
including at the disbursement and supervision stages in cases when user
committees organized maintenance and operated accounts from which
they disbursed resources.
This is the seventh report by the National Research Council Standing Committee
to Review the Research Program of the Partnership for a New Generation
of Vehicles (PNGV). The PNGV program is a cooperative research and development
(R&D) program between the federal government and the United States
Council for Automotive Research (USCAR), whose members are DaimlerChrysler
Corporation, Ford Motor Company, and General Motors Corporation (GM).
According to the survey, only 22% of people are really satisfied with their project
managers, while 30% of the interviewees are not satisfied. There may be several reasons
for this level of dissatisfaction. As mentioned before, a good leader is supposed to be
respected by his or her followers. However, the reality is that almost two thirds of the
project managers are not considered successful leaders. While they may be able to
complete a project, they may not inspire faith or confidence in their abilities from their
subordinates. This may stem from a lack of leadership skills.