Analysis of Financial Modeling Literature review

Analysis of Financial Modeling - Literature review Example We begin the chapter with the general idea of the VaR and the various approaches to the VaR, the historic application and the application of the same. We also include the evaluation of the VaR at the different possible approaches in the study; a final conclusion is made by the calculations carried out in the study. Introduction: The ‘value at risk’ is an extensively employed risk measure concept in the risk of loss on a particular portfolio of financial assets. For a specified portfolio, probability and time horizon, VaR is described as a threshold price such that the possibility that the market loss on the portfolio above the particular time horizon go beyond this value is the known probability level. VaR has different important uses in financial risk management, risk assessment, financial control, reporting of the financial statement and calculating the capital regulation by analyzing the Various concepts. VaR can also be used in non-financial aspects. The VaR risk ass essment defines risk as a market loss on a permanent portfolio over an unchanging time horizon, by analyzing the normal markets. There are many option risk procedures in finance. As a substitute of mark-to-market, which makes use of the market value to define loss, a loss is frequently defined as the transformation in principal value. For instance, if an organization hold a loan that decline in market price as the interest charge go up, but has no alteration in cash flows or credit quality, some systems do not identify a loss. Or we can try to integrate the economic price of possessions, which was not calculated in everyday financial statements, such as loss of market assurance or employee confidence, destruction of brand names etc. â€Å"VaR measures are inherently probabilistic† (Holton 2003, p. 107). Moderately assuming an unchanging portfolio above a fixed time horizon, several risk measures integrate the consequence of probable operation and believe the expected investme nt period of position. Lastly, some risk procedures adjust for the probable effects of irregular markets, rather than excluding them from the calculation.  

Supply Chain Management (SCM) is a processes improvement Essay

Supply Chain Management (SCM) is a processes improvement - Essay Example Lean encompasses the various just-in-time approaches. (Bryan, 2002) These two methodologies are the best practice because they fit this framework: For many managers, lean manufacturing is something that looks great on paper and sounds wonderful in theory, but they want proof that it really works in their ever-changing manufacturing environment. ( Lau, 1996). Now two years into its lean journey, the Grand Rapids, Michigan-based Cascade Engineering (www.cascadeng.com), is trying to avoid the common mistake of just implementing lean on the shop floor. The 1,200-employee plastic components provider in the automotive, home and office, and container industries is implementing lean throughout its enterprise. One thing that becomes clear after you tour Cascade's facilities is that the company is striving to adopt lean as a way of life for the whole company, rather than just in the manufacturing plants. The company's leaders recognize that to reduce waste and create customer value, everyone has to actively take part in the process. Cascade's founder, chairman and CEO Fred P. Keller, sent a message about how important lean was for the c ompany as a whole when he hired G.L. Brown as the company's director of lean manufacturing. Keller is making sure all of the necessary resources are available to make the gains of lean stick. "If this company wants to remain an active leader in the upcoming century, it is crucial that we eliminate waste and dedicate ourselves to becoming a lean enterprise," says Keller. (Klier, 1994, 18). To further demonstrate his dedication to the employees, Keller stressed that some job responsibilities may change but no employees will be laid off as a result of the company's lean initiatives. Their dedication to employees and their superior performance have not gone unnoticed. Cascade has been recognized nationwide for their commitment to people, most notably by recently winning a Ron Brown award and the Michigan Manufacturers Company of the year award. G. L. Brown knew that one of the hardest parts of lean was going to be creating the right environment for Cascade employees. (Lin, 1999) To ease the transition, Brown started a series of training and support sessions. With many years in operations management during his 34-year tenure at General Motors, Brown understood that the employees must have a firm grip on three crucial aspects before initiating the conversion to a lean enterprise: - everyone must understand why the company is dedicated to the lean philosophy and what's in it for them; - the employees must understand the system; - they must understand that there are a number of techniques in the toolbox to implement the system. Cascade's training consists of lean manufacturing orientation, eyes for waste and eyes for flow, takt time, standard worksheets, the 5-S processes, natural work groups, and value stream mapping as well as other aspects of the "lean enterprise system." Cascade also invites customers and suppliers to training events and kaizen events as they relate to their products. This

Research paper on the company Rolex, its channel market, competition,

On the company Rolex, its channel market, competition, distributions patterns. and channels - Research Paper Example Since the company has been successfully meeting demands of its consumer and consistently introducing creative and innovative designs in the market, the management and distribution strategies followed by the wrist watch manufacturer is of great interest. One of the critical aspects in quality management is logistics and supply chain as well as channel management. In the present research, various channel management strategies of Rolex will be evaluated. The research will throw light on the distribution patterns and various marketing strategies. Competitor analysis and business drivers will also be discussed. Company Description Rolex is a private watch manufacturing conglomerate involved in production, distribution and service of wristwatches under Tudor and Rolex brands. It was founded in the year 1905 in London, England by Alfred Davis and Hans Wilsdorf. The current headquarters is situated in Geneva and it has its distribution arms worldwide. Gian Riccardo Marini is the current CEO and by 2010, the total revenue earned by the watch manufacturer was 5.1 billion dollars. The company has over 2000 employees and produces more than 2000 watches every day (Yahoo, 2013) A Rolex watch on the wrist of a customer is expected to enhance the personality and style of that person. It has become a symbol of great taste and fashion. Since these watches are exclusively designed for upper class segments, not many of the people get the opportunity of owning this prestigious brand. In the year 2007, Rolex was announced as 71 on a list of 100 most valuable brands of the globe by Bloomberg Businessweek (Businessweek, 2007). During its tenure the company has achieved many milestones in terms of innovation and creativity. In the year 1926, Rolex introduced waterproof watch and became the first brand to do so. All Rolex watched are designed and manufactured with materials of dine quality and with much detail so that chances of error and mistakes are minimized. Focusing on developing w ell-designed and realistic marketing and channel distribution strategy is crucial in order to build a successful brand. Products The major brands produced under Rolex SA are Tudor and Rolex. There are three watch lines for Rolex; Professional, Oyster Perpetual and Cellini. Some of the famous modern and well-known models of the Rolex brand includes submariner, Yacht- Master, Day-date, Daytona, Day-just etc. Few of the famous Cellini models include Quartz Mens, Cellinium, Cestello Ladies etc. Retail pricing varies according to quality, materials used and models. Accordingly, Rolex watches can range from 650 dollars to 80000 dollars. Product Distribution System A distribution strategy is used in order to make products available to the target customers. Rolex has a worldwide presence. Naturally, the company has been using a comprehensive distribution strategy in order to reach its customers residing in various ends of the globe (Kerin, Hartley & Rudelius, 2011).The overall product distr ibution system includes geographic coverage, distribution channel market and distribution patterns. Geographic coverage Rolex is an international brand. The brand name Rolex was developed so that it can be easily pronounced in various languages. Having a famous Swiss background has made the brand easily recognizable in North America and Europe. The brand covers 28 worldwide affiliates and has around 4000 watchmakers working in more than 100 countries round the globe. The brand has established retail distribution in almost every

Nutrition Essay Example | Topics and Well Written Essays - 1500 words

Nutrition - Essay Example These enzymes hydrolyze the long peptides of the chyme to short peptides containing only 2 or 3 amino acids. Any unaffected protein particles that have escaped the gastric juice are digested. The ability of the intestine to digest, not only gastric peptides, but also intact proteins, makes possible the nutrition of people with achylia gastrica and even of persons who have had the stomach completely removed. The soluble digestive products then diffuse into the bacterial cell and are used. Protozoa usually sweep food particles and water into their bodies, at a fixed or a changed position; and these food vacuoles constitute temporary "stomachs" in which the digestion proceeds. Metazoa have permanent digestive organs, most elaborate in the mammals. Man's digestive system, or alimentary canal, is a continuous passage through the body, from mouth to anus, with special extensions into accessory secreting organs (glands) (Lipski, 2004). 2. Whenever an organism consumes food in the solid state, this must be brought into solution before it can be utilized. It is necessary, therefore, that such solid food be digested. In some organisms digestion may occur outside of the body, and this may constitute an important adaptation for those animals which are in the habit of eating animals larger than themselves (Lipski, 2004). Ordinarily, however, food is taken into the body and digested there. Digestion may occur in cavities of special organs such as the stomach or intestine, or it may occur within the protoplasm of cells. The latter type of digestion obviously takes place in protozoa. In organisms such as paramecium or ameba the ingested food is enclosed in a food vacuole, which serves the same purpose as the stomach or intestine of a complicated metazoan. Within the food vacuole the solid food particle is brought into solution. It must not be thought, however, that intracellular digestion is confined to protozoa. Moreover, in some animals rather higher in the evolutionary scale, there is also a certain amount of intracellular digestion (Holford 2005). These phagocytic cells even enter into the lumen of the stomach or intestine, ingest particles of food there and then carry these food particles back into the tissues and digest them there. Such intracellular digestion, however, is a primitive character and it does not occur to any extent in higher animals such as the insects and vertebrates. In the conversion of solid food to a state of solution, enzymes play the leading role. It will be necessary, therefore, to consider the subject of enzymes and the nature of enzyme action. It should be strongly emphasized, however, that enzymes are not concerned only with digestion, but that they are essential factors in all of the chemical activities of the organism (Lipski, 2004). The living organism is essentially a chemical engine, dependent for its growth, maintenance and energy on chemical reactions. These reactions are controlled by catalysts. One of the most striking achievements of modern biology and biological chemistry is the isolation of more and more of these catalysts so important for the vital process. Once isolated, it is possible to study their behavior in test tubes or other suitable containers. In other words, one can detach from the living material certain non-living substances capable of causing or promoting the complex chemical transformations which constitute a major part of the mystery of protoplasm. The substance