Forcasting
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The document discusses different approaches to time series forecasting and econometric modeling. It recommends that for short-term forecasts covering the next week, month, or year, simple time series models are best. However, for long-term forecasts, causal models are preferable as demand patterns can change over time. The document also notes that a good time series forecast includes the level, trend, seasonal component, business cycle, a predicted value at a specific time point, and an error range.
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An Introduction to Operations Management
Lecture notes for An Introduction to Operations Management (taught by Prof. Christian Terwiesch / University of Pennsylvania / online course at www.coursera.org).
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MES from the Ground Up
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Survey of Finance and Engineering Economics
Presented by
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Nadia Mohammed Daabis
Instructor
Professor Wajeeh Elali
Time Value of Money
Time value of money refers to the concept that a dollar today is worth more than a dollar tomorrow.
Case study
NATASHA, 30 years old and has Bachelor of science degree in computer science.
Working as Tier 2 field service representative for a telephony corporation located in Seattle, Washington.
She has $75,000 that recently inherited from her aunt, and invested this money in 10 years treasury bond.
Terms of Common Inputs
Current Salary $38,000/-
She don’t expect to lose any income during the Certification or while she earning her MBA.
In both cases, she expect her salary differential will also grow at a rate of 3% per year, for as long as she keep working.
Keep using the interest rate as discount rate for the remainder of the problem
CAMPARISME SUMMARYOption 1 "Network Design"Option 2 "MBA"PositionTier 3Managerial PositionCost$5,000 $25,000 / YearPeriod1 year3 years Salery Increasment$10,000 $20,000 Payment DueEnd of 1 yearBegin of each yearRiskAbove 80% on an exam at end of courseEvening program which will take 3 years to complete
Summary
Timeline
Option 1
Option 2
t0
t1
t2
t3
$38,000
$39,140
$50,614.20
$52,132.62
$38,000 x 3%
($39,140+$10,000) x 3%
$50,614.20 x 3%
($5,000)
($25,000)
($25,000)
($25,000)
$39,140
$40,314.20
$41,523.626
$38,000 x 3%
$39,140x 3%
$39,140 x 3%
t4
$53,696.59
$63,369.33
($41,523.626+$20,000) x 3%
$52,132.62x 3%
Timeline Graph
Current Sutation 38000 39140 40314.200000000004 41523.626000000004 42769.334780000005 44052.414823400009 45373.987268102013 46735.206886145075 Certificate 38000 39140 50614.200000000004 52132.626000000004 53696.604780000009 55307.50292340001 56966.728011102015 58675.729851435077 MBA 38000 39140 40314.200000000004 62123.625999999997 63987.334779999997 65906.954823399996 67884.163468101993 69920.688372145058
Yearly Income
Treasury Bond
Amount $75,000
Period 10 years
Rate 3.52% (1st June, 2009)*
A marketable, fixed-interest government debt security with a maturity of more than 10 years. Treasury bond make interest payment annualy and the income that holders receive is only taxed the federal level.
t0
t1
t2
t10
($75,000)
Treasury Bond
$9027.19
$9027.19
$9027.19
…..
PVA(ordinary) = PMT 1 – (1+k)-n
K
$75,000 = x 1 – (1+0.0352)-10
0.0352
PMT = $9027.190
[ ]
[ ]
C ...
DFSS short
The document discusses Design for Six Sigma (DFSS) and its 14 step process. It begins with defining customer requirements and needs, then measuring key product characteristics. Next it analyzes potential problems, develops conceptual designs, and conducts reliability analysis. Steps also include optimizing the design through techniques like robust design and tolerance mapping. The process concludes with verifying the design meets predictions, developing manufacturing controls, and validating the design transition. The overall goal of DFSS is to design products and processes that meet customer needs with built-in quality from the beginning.
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