always better control technique is designed on the basis of paretos 80:20 principal the presentation clearly expalins what is paretos principal and origin or ABC analysis.
Economics as is taught theoretically and business seem often at opposite ends. Yet we have unique ways of concepts one learns in economics to be applied in firm analysis extendable to industry analysis. the file suggests the template for the same
APPLICATION OF ABC ANALYSIS FOR MATERIAL MANAGEMENT OF RESIDENTIAL BUILDINGSagar Kaptan
“Material management is a scientific technique, concerned with planning, organizing & control of flow of materials, from their initial purchase to destination.
International Journal of Managing Value and Supply Chains (IJMVSC) ***EBSCO**...ijmvsc
The International Journal of Managing Value and Supply Chains (IJMVSC) is a quarterly open access peer-reviewed journal that publishes articles that contribute new results in all areas of value and supply chain management.The International Journal of Managing Value and Supply Chains (IJMVSC) seek to establish new collaborations, new best practices, and new theories in the management of both product and service-based organizations around the world.
International Journal of Managing Value and Supply Chains (IJMVSC) ***EBSCO**...ijmvsc
The International Journal of Managing Value and Supply Chains (IJMVSC) is a quarterly open access peer-reviewed journal that publishes articles that contribute new results in all areas of value and supply chain management.The International Journal of Managing Value and Supply Chains (IJMVSC) seek to establish new collaborations, new best practices, and new theories in the management of both product and service-based organizations around the world.
This Presentation consists of basic concepts of ABC analysis (which is an Inventory categorization technique for effective management of Inventory) & a case study on it.
Aims & Objectives
What is Inventory ?
Why Inventory Management is crucial for Hospitals?
ABC Analysis-Introduction
The Pareto principle
ABC Classification
Categories ‘A’, ‘B’ & ‘C’.
Steps in ABC Analysis
Example
Management policies for ABC categorization
Advantages & Disadvantages
Applications of ABC Analysis
Conclusion
BY Prince Gaurav Tiwari
Bundelkhand University Jhansi
always better control technique is designed on the basis of paretos 80:20 principal the presentation clearly expalins what is paretos principal and origin or ABC analysis.
Economics as is taught theoretically and business seem often at opposite ends. Yet we have unique ways of concepts one learns in economics to be applied in firm analysis extendable to industry analysis. the file suggests the template for the same
APPLICATION OF ABC ANALYSIS FOR MATERIAL MANAGEMENT OF RESIDENTIAL BUILDINGSagar Kaptan
“Material management is a scientific technique, concerned with planning, organizing & control of flow of materials, from their initial purchase to destination.
International Journal of Managing Value and Supply Chains (IJMVSC) ***EBSCO**...ijmvsc
The International Journal of Managing Value and Supply Chains (IJMVSC) is a quarterly open access peer-reviewed journal that publishes articles that contribute new results in all areas of value and supply chain management.The International Journal of Managing Value and Supply Chains (IJMVSC) seek to establish new collaborations, new best practices, and new theories in the management of both product and service-based organizations around the world.
International Journal of Managing Value and Supply Chains (IJMVSC) ***EBSCO**...ijmvsc
The International Journal of Managing Value and Supply Chains (IJMVSC) is a quarterly open access peer-reviewed journal that publishes articles that contribute new results in all areas of value and supply chain management.The International Journal of Managing Value and Supply Chains (IJMVSC) seek to establish new collaborations, new best practices, and new theories in the management of both product and service-based organizations around the world.
This Presentation consists of basic concepts of ABC analysis (which is an Inventory categorization technique for effective management of Inventory) & a case study on it.
Aims & Objectives
What is Inventory ?
Why Inventory Management is crucial for Hospitals?
ABC Analysis-Introduction
The Pareto principle
ABC Classification
Categories ‘A’, ‘B’ & ‘C’.
Steps in ABC Analysis
Example
Management policies for ABC categorization
Advantages & Disadvantages
Applications of ABC Analysis
Conclusion
BY Prince Gaurav Tiwari
Bundelkhand University Jhansi
Quantitative Methods for Management_MBA_Bharathiar University probability dis...Victor Seelan
Quantitative Methods for Management_MBA_Bharathiar University probability distribution
Unit 4 -
Basic concept of index numbers – simple and weighted index numbers – concept of weights - types of index numbers – Business index number – CPT, WPI, Sensex, Niffy, Production Index, Time series – variations in Time Series for business forecasting.
The regularized average of the value of relatives for an allocated class of goods or services in a specific region, during a mentioned period of time is called Price Index. This is statistically designed which can help to relate how the rates of relatives, considered to be a complete, varies from time frame or location to location. Copy the link given below and paste it in new browser window to get more information on Price Index:- http://www.transtutors.com/homework-help/economics/price-index.aspx
Index Numbers is a statistical tool used to measure the change in price or quantity over two different situations. It is also known as economic barometer.
Concept of Index Number
An index number is a statistical measure that expresses the relative change in value or quantity of a set of items over time. It is used to compare and analyze changes in variables such as prices, production, employment, or other economic indicators.
Definition of Index Number
Index number can be defined as
1. An index number is a method of evaluating variations in a variable or group of variables in regards to geographical location, time, and other features. The base value of the index number is usually 100, which indicates price, date, level of production, and more”
2. Index Number shows by its variation the changes in a magnitude which is not susceptible either of accurate measurement in itself or of direct valuation in practice.”– Edgeworth
3. Index Numbers are devices for measuring differences in the magnitude of a group of related variables.”– Croxton and Cowden
Features and Characteristics of Index Numbers
The main features of index numbers are mentioned as below–
• It is a distinct category of average for measuring relative changes in such instances where complete measurement cannot be undertaken
• Index number only demonstrations the unsure changes in factors that may not be directly measured. It bounces a general idea of the comparative changes
• index number measure varies from one variable to another related variable
• It helps in the link of the levels of a phenomenon concerning a specific date and to that of a previous date
• It is illustrative of a special case of averages especially for a weighted average
• Index numbers have widespread utility. It is used to determine the changes in price can also be used for other industrial and agrarian production.
Uses of Index Number in Statistics
Index numbers play a crucial role in statistics and various fields to simplify, analyze, and interpret complex data. Here are some key uses of index numbers in statistics:
1. Comparative Analysis:
Time Series Analysis: Index numbers are often used to analyze changes in variables over time. They allow for the comparison of values at different points in time, helping to identify trends, patterns, and fluctuations.
Cross-sectional Analysis: Index numbers enable the comparison of different groups or categories at a specific point in time. This is useful for studying variations among regions, industries, or any other segments of a population.
2.Inflation and Deflation Measurement:
Index numbers are widely used to measure changes in the general price level of goods and services. Consumer Price Index (CPI) and Producer Price Index (PPI) are examples of indices that help quantify inflation or deflation over time.
3. Economic Indicators:
Index numbers are used to create economic indicators that provide insights into the overall economic health of a country or region. Examples include the Dow Jones Industrial Average and the Consumer Confidence Index.
Class 11 Economics -Introduction to index numbers Poonam Dua
INDEX NUMBERS
Economic activities have constant tendency to change. Prices of commodities which arc the total result of number of economic activities also have a tendency to fluctuate. The problem of change in prices is very important. But it is not very simple to study this problem and derive conclusions because price of different commodities change by different degrees. Hence, there is a great need for a device which can smoothen the irregularities in the prices to obtain a conclusion.
Our institute AMEND EDUCATION ACADEMY works in the direction to educate the students in the best possible way
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Digital Tools and AI for Teaching Learning and Research
Slide index Number intro
1.
2. INDEX NUMBER
• Introduction
• Meaning
• Definition
• Features
• Notations used in Index Number
• Uses
• steps
• Limitations of Index Number
3. INTRODUCTION
• The value of money is the purchasing power of consumer.
• The value of money does not remain constant over time
• There is a inverse relationship between value of money and
price level
• It may rise or fall and is inversely related to the changes in
the price level
• Rise in the price level leads fall in the value of money
• Fall in the price level leads rise in the value of money
• Changes in the general level of prices can be measured
through a statistical device known as
INDEX NUMBER
4. MEANING
It is an economic data figure reflecting price or
quantity compared with a standard or base
values
It is statistical device which enables us to arrive
at a representative figure
Index number is a technique of measuring
changes in a variables or group of variables
5. DEFINITIONS
MASLOW
It is the numerical value charecterising the
changes in a complex economic phenomena
over a period of time or space”
CROXTON
“It is a device for measuring differences in the
magnitude of a group of related variable”
L.V. LESTER
“An Index number of price is a figure showing
the height of average prices at one time relative to
their height at some other time which is taken as
the base period.”
6. FEATURES
Index numbers are
used for comparison
of variables in
different units
It is a special type
of averages
It measures the
changes over a
period of time
It measures the changes
in both composite and
complex phenomenon
It helps to compare economic
conditions of different
business unites in relation
to some base year
7. NOTATIONS
Base year(0)
Current year
P0
P1
q0
q1
W
P01
P10
The year selected for which a comparison are
made
The year for which comparison are required
Price of commodity in the Base Year
Price of commodity in the current year
Quantity ofa commodity purchased during the base
year
Quantity of a commodity purchased during the
current year
Weight assigned to a commodity accoding to its
importance in the group
Price index number for the current year with
reference to the base year
Price index number for the base year with reference
to the current year
8. • q01
• q10
• ∑
NOTATIONS
Quantity index number for the current year with reference to base
year
Quantity index number for the base year with reference to the
current year
It helps to denotes the aggregates
9. USES
• It helps to measures changes in the price level.
• It acts as an indicator of inflation.
• It provides information about the production trends in different
sectors
• It helps in studying trends and forecasting demand and supply.
• It acts as an economic Barometer.
• It helps to measure and compare changes
• It measures the purchasing power
• It highlights the changes in the cost of living in an economy
• It helps the planner to formulate appropriate economic
policies.
• They are very useful for academic and also practical Research.
10. STEPS INVOLVED IN THE CONSTRUCTION OF INDEX
NUMBER
Defining the purpose of Index
Number
Selection of Base
Selection of Commodities
Sources of Data
Selection of Averages
Selection of weight
Price index to measure consumer
prices should not include
wholesale price
Fixed base
Average base and Chain base
Only those commodities mostly
consumed by the consumers
Data should be collected from the
public or from the std magazine
Geometric or Harmonic mean can
be perfect one
Weighting should properly represent
the commodity
Selection of Methods
Suitable methods for the
construction of Index Number
11. LIMITATIONS
• It is not possible to take into account each and every item in the construction of
index as it is based on sample .
• Since indices are constructed based on random sample there is a chance of error
namely selection of commodities, base period and weight etc.,
• Taste and preference, customs may change in course of time make weighting not
suitable for the present data
• Quality of commodity should remain the same over a period of time because
differences in quality would mean differences in prices also.
• Large number of methods are designed to construct index number thus it is
necessary to ensure that same formula is adopted over a period of time for
constructing index number