Fonderia Di Torino S.P.A. - 1148 Words

Finance Case Study: Fonderia di Torino S.p.A. Case Overview: Company considering purchase of Vulcan Mold-Maker automated molding machine. Machine prepares sand molds into molten iron using iron castings, automates manual intensive process. Questions: 1. Assess the economic benefits of acquiring the Vulcan Mold-Maker machine. What is the initial outlay? What are the benefits over time? What is an appropriate discount rate? Does the net present value (NPV) warrant the investment in the machine? Assume that with ordinary maintenance, the semi-automated equipment could be operated for two more years beyond its depreciable life. Given: Total Cost New Machine = 1,010, 000 Euros Depreciated over 8 yrs; replace after 8yrs.†¦show more content†¦Labor costs will be reduced by almost 298,334.4 euros (24*7.33*8*210 + 2*3*7.85*8*210- 2*2*11.36*8*210=298,334.4) and additional 5,200 euros will be saved as a result from improved labor efficiency. 2. What uncertainties or qualitative considerations might influence our recommendation? How, if at all, would an inflation rate of 3 percent(or higher) affect the attractiveness of the Vulcan Mold-Maker? Please estimate the impact on NPV from a change in any of these elements. ïÆ'Ëœ NPV and EAA proved that the company should invest in the new machine. However, there are still some uncertainties that might affect the attractiveness of the new machine. Federia Torino S.p.A still has to decide whether the tough collective-bargaining agreement the company has with the employees union would allow the company to lay off the 24 operators of the semi-automated machines. Reassigning the workers to other jobs might be easier, but the only positions needing to be filled are those of janitors, who are paid 4.13 euros an hour. The extent of any labor savings would depend on negotiations with the union. If the workers are reassigned as janitors, NPV will decrease due to increase in labor costs. ïÆ'Ëœ Secondly, the company is still unsure when added capacity of the new machine would be needed. The old machines currently operate at only 90 percent of capacity. The projection as to how much capacity of the new machine will be utilized, will have aShow MoreRelatedFonderia Di Torino S.P.A.1704 Words   |  7 Pagesconsidered before the project is accepted or rejected. Question 1: What is the basic nature of the problem in this case? Answer: The basic nature of the problem in this case is all about capital budgeting issue that was being faced by Fonderia di Torino S.p.A. in decided to have some resources investments in order to manage their production throughputs. Managing director of this specialty foundry must decide whether to approve a major investment to automate part of her plant s production processRead MoreEssay on Fonderia Di Torino S.P.A.1076 Words   |  5 PagesFonderia di Torino S.P.A. Case analysis report Fonderia di Torino S.p.A, founded in 1912 by Benito Cerini, was a manufacturing company who produced metal castings using semi-automated molding machines. The company’s main line of business was the production of precision metal castings for use in automotive, aerospace, and construction equipment. The company excelled at this and was awarded because of the quality of its products. The mainly European customers of Fonderia di Torino were original-equipmentRead MoreFonderia Di Torino S.P.a Essay727 Words   |  3 PagesFonderia di Torino, S.p.A Midterm Individual Case Fonderia di Torino, S.p.A is a manufacturing company who produces metal castings using six semi-automated molding machines. However, they are currently considering purchasing a Vulcan Mold-Maker machine to replace the six machines currently in place. The firm needs to consider all costs in deciding whether to keep the current machines or purchase the Vulcan Mold-Maker. Buying the Vulcan machine will result in year 0 outflows of 1.01 millionRead MoreFonderia di Torino S.P.A. Case Study860 Words   |  4 PagesFonderia di Torino S.p.A. 1. Please assess the economic benefits of acquiring the Vulcan Mold-Maker machine. What is the initial outlay? What are the benefits over time? What is an appropriate discount rate? Does the net present value(NPV) warrant the investment in the machine? Initial Case Outlay Price of new machine (1,010,000) Current after-tax market value of old machine [130,000+{(415,807-130,682) -130,000}*0.43]= 196,704 Net outlay for new machine -1,010,000+196,704 = -813,296 Appropriate

The United States And Its Impact On America Essay

Back in the 19th century, there was a common belief that God had destined The United States to expand entirely across the North American continent, and eventually across the entire Western Hemisphere. They believed that what they were doing was justifiable, because they believed that God was telling them to do this. It had a huge impact on who America is today as a country and if the expansion had not occurred, it is easy to believe that America would not be the thriving and successful country that it is now. There were many positive sides to Manifest Destiny such as; America was successful in expanding its land from the east to the west coast, which is a positive, because it allowed many people to come to America who otherwise would not have had the chance because there would have been no room for any more people. Another positive side is that it gave America a lot more culture than it had before. But if there is a positive side, that means there has to be a negative side. One of th e negative sides to Manifest Destiny and territorial expansion was that they did whatever they could possibly do to get that land and they did not care who it hurt, killed, or negatively affected in the process. This is the reason why so many people debate whether or not manifest destiny was a good or a bad thing, because there are valid reasons for both sides. Let’s start off with the positive side, America eventually got the land from east to west. Whether they got it from dishonoring treatiesShow MoreRelatedThe Impact Of United States On America927 Words   |  4 Pagesthe individual States of America joined to form what currently known as United States of America. Although various ideas have been presented to support both sides of the story, I believe that the positive impacts that United States had on America outweigh the adverse effects. Political, cultural, social and technological advances that have witnessed in America over the centuries have contributed to the United States growth. This paper seeks to discuss the impacts that the United States had on the AmericansRead MoreThe Impact Of Internet On The United States Of America1024 Words   |  5 Pages In the 1960s the government of the United States of America (USA) requested computer scientists to conduct research into building communication via computer networks, (Wikipedia, 2016).This research gave rise to the origins of the internet which is now regarded as a global computer network that provides a variety of information and communication facilities. This global network consists of millions of different types of computers that maybe desktop or mobile, hardwired or wireless and for personalRead MoreThe Impact Of Immigration On The United States Of America Essay1707 Words   |  7 Pageseighteen boarded a ship leaving their homeland of Chiette Abruzzi, Italy. Headed for a nation they had only heard about in the newspapers, each member of the family bore their own excitement and reservation. The history of immigration to the United States of America was seen at unprecedented numbers during the late eighteen hundreds and early twentieth century. Families from Italy, Ireland, Germ any, Poland, and numerous other nations flocked to the west by the millions, in hopes of discovering a newRead MoreThe Fedex And Its Impact On The United States Of America Essay3335 Words   |  14 Pagesseen everywhere. Federal Express is known as FedEx. It is an express transportation company which was founded by Fredrick Wallace Smith in the early 70’s. FedEx is headquartered in Memphis, Tennessee, United States of America. Amidst Smith’s college days, he began to descry that the United States was conforming itself to become a service aligning economy. It was longing for a candid overnight service driven company, which would be designed to conveyor packages and essential documents. While givingRead MoreImpact Of The American Revolution On The United States Of America1262 Words   |  6 PagesThe United States revolution is one of the most important revolutions to occur in history because it can be seen as the most significant revolution to transpire in modern time. This can be shown through the role that the revolution had in creating the country that we know today. Why was it that the American Revolution occurs, was it for independence or was it based on something else? In the American Revolution there were many leaders who aided in creating the United States, who were they and whatRead MoreTerrorist Attacks And Its Impact On The United States Of America Essay1295 Words   |  6 Pagesthe United States of America. This is more commonly known as 9/11, hence the 11th of September. The story of this incident is that these deadly attacks were performed by Al Qaeda extremists. This event has been recorded in the pages of history as a clear act of terrorism war an d has impacted many people’s daily lives, even here in New Zealand. But was it really these extremists who attacked the United States of America, or was it an inside job conducted by the governmental officials of America itself;Read MoreThe Impact Of 9 / 11 On The United States Of America2100 Words   |  9 PagesMegan Elizabeth White Mr. Skemp US History II Feb 23, 2015 The Impact of 9/11 on the United States of America The Events of 9/11 majorly impacted millions of peoples’ lives and the entire nation of the United States of America. There were many precursors to this event including the powerful influence of Osama Bin Laden and al-Qaeda leading to the physical attacks on American centers of high office and iconic places in America. These chain of events that have changed US history and have had wideRead MoreGuns Have Impact On The United States Of America Essay2019 Words   |  9 Pagesmajor role in shaping and constructing the United States of America to the way it is today. In the early times of United States history, the founding fathers set in stone that every man has the right to bear arms. In recent years there have been numerous politicians that have been fighting to take that right away from us. The Second Amendment to the Unites States Constitution states, â€Å"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bearRe ad MoreIsis s Impact On The United States Of America2291 Words   |  10 PagesBen Rodkey Glaser English 10 3-4-15 ISIS ISIS has been a rapidly increasing threat to not just the United States of America, but the entire world. ISIS has done countless brutal, sick, heart wrenching things that have caused a national and international uproar in the citizens of numerous countries. ISIS considers them the Islamic State, and they seem to have many motives. They basically want a large portion of the Middle east under ISIS control and for the rest of the world to accept their disgustingRead MoreThe Great Impact On Native American Nation And The United States Of America1767 Words   |  8 Pagesuncivilized we as a people can become. However, the greatest and most crucial feud of all was between the entire Native American Nation and the United States of America. This war of hate and disrespect towards tribes of people and their culture is uncalled for and has left a stain that will last forever in time. We choose not to realize the great impact it had on the Native American Nation, and most of what really happ ened is not mentioned in the text books that we have today. Instead we focus more

Dogs As Pets Essay Research Paper People free essay sample

Dogs As Pets Essay, Research Paper Peoples across the universe maintain Canis familiariss as pets. These Canis familiariss are normally a large portion of their proprietors lives and frequently turn up to genuinely be, # 8220 ; adult male # 8217 ; s best friend, # 8221 ; . What, so, can be done for a Canis familiaris with behaviour jobs? Through recent research it has been establis hed that Canis familiariss, like many worlds, do endure from mental upsets. There is nevertheless, a assortment of interventions available and a complete remedy is frequently achieved. Dr. Nicholas Dodman, in his book, The Dog That Loved Too Much, says that, # 8220 ; Aggression is the most common behaviour job reported in Canis familiariss, # 8221 ; ( 10 ) . With this said, it is of import to clear up that there are many different types of aggression found in Canis familiariss a ll of which show different symptoms, have different causes, and different interventions. One type of aggression is dominance-related aggression. Dominance is chiefly expressed in two ways: competition over resources and self protection ( Dodman 23 ) . Dominance-related aggression is normally directed toward those who reside with the Canis familiaris which mak Es affected Canis familiariss hard to populate with ( Horwitz 42 ) . Harmonizing to Dodman, traditional interventions of dominance-related aggression include an addition in exercising, brushing up on obeisance preparation, and discontinuing to prosecute in any unsmooth drama or wrestle ( 35 ) . More late, nevertheless, drugs such as Prozac have been used as intervention. Dodman says that Prozac is, # 8221 ; # 8230 ; highly effectual at restricting dominance-related aggression # 8230 ; enabling proprietors to rapidly derive the upper manus, # 8221 ; ( 34 ) . Another type of aggression found in eyetooths is seizure-related aggression. Symptoms of seizure-related aggression include a pre-aggression temper alteration that can last for proceedingss or hours before a appa rently motiveless onslaught all of a sudden occurs ( Dodman 48 ) . Make gs with seizure-related aggression, # 8220 ; # 8230 ; may wake up from a deep slumber and instantly assail whatever is at that place # 8230 ; # 8221 ; ( Dodman 38 ) . In order to positively name a Canis familiaris with seizure-related aggression, a trial known as the electroencephalographic ( EEG ) examin ation must be used. This trial measures the electrical activity of the encephalon. Treatment of this disease normally includes medicating the Canis familiaris with an anti-convulsant such as sodium thiopental ( Dodman 48 ) . Another signifier of aggressive behaviour is known as territorial aggression. There ar e two types of territorial aggression: fear-related and anxiety-related. â€Å"Dogs with fear-motivated aggression come in all sizes, forms, and breeds†¦ , † ( Horwitz 45 ) . Territor ial aggression is aimed at aliens who are on the Canis familiariss sod and is frequently directed toward those in unvarying ( Dodman 69 ) . Dodman says that Canis familiariss who are looking out the window watching the mailman present the mail are holding their aggressive behaviour ( barki nanogram, growling, etc. ) reinforced upon the postman’s going ( 53 ) . This unwilled support of the unwanted behaviour makes it difficult to handle as the Canis familiaris feels that it is making it’s occupation as defender of the place successfully. Treatment of territorial a ggression consists of desensitisation plans where the Canis familiaris is bit by bit exposed to its fright ( i.e.-the mailman ) , sharpening up on obeisance preparation, restricting the dog’s micturition to one topographic point in the pace, and, if prescribed, a medicine such as propranol ol ( Dodman 68 ) . C.W. Meisterfeld, PH.D. , is considered to be a innovator in the survey of eyetooth psychological science. Meisterfeld says that, â€Å"The seize with teething behaviour of a Canis familiaris is a natural response to certain trigger state of affairss, † ( 48 ) . Meisterfeld sites survival inherent aptitude and improper rel ationship between proprietor and Canis familiaris as two major grounds for seize with teething ( 48-51 ) . The survival inherent aptitude of a Canis familiaris is a really complex and complicated capable. In general, nevertheless, â€Å"The endurance instinct†¦is triggered by any action perceived†¦as a menace and leads T o an automatic response-flight or battle, † ( Meisterfeld 48 ) . Improper relationship between proprietor and Canis familiaris occurs when the proprietor does non asseverate himself as leader and the Canis familiaris hence bec omes dominant ( Meisterfeld 51 ) . Preventing a Canis familiaris from going aggressive is something that must be worked on from twenty-four hours one of the Canis familiariss life through obeisance preparation and consistent bids ( Meisterfeld 51 ) . However, as seen through the work of Dr. Dodman, even if your Canis familiaris does go aggressive, all is non lost. There are a overplus of interventions available and most are a complete success. Dodman, Nicholas. The Dog Who Loved Too Much. New York: Bantom Books, 1996. Horwitz, Debra. # 8220 ; Recognizing Aggression. # 8221 ; Dog Fancy April 1996: 40-47. Meisterfeld, C.W. # 8220 ; To Bite or non to Bite. # 8221 ; Dog Fancy April 1996: 48-51. 320

Private Tuition in Singapore free essay sample

Private tuition is becoming an area of concern for Singaporeans. The current trend of rising cost and demand for private tuition caused Singaporeans to be weary the present obsession of private tuition reforming the Singapores education culture and system (M. Nirmala, 2013). The underlying causes leading to the vogue of private tuition encompasses consumerism and meritocracy. Commodification of everyday life has nurtured consumers to rely on the consumers market for their desires, most of the time exposed solely to the benefits and oblivious to the negative effects of the product; Accruing the convention of heedless consumption as long as the consumers have the purchasing power, in this case fueling demand for private tuition. (Jin, S. , n. d. ). Next is the practice of meritocracy. The ideal of meritocracy is cultivated by the differential in abilities of students. Concept of studying thus shifts from learning to a competition between students for better grades. We will write a custom essay sample on Private Tuition in Singapore or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Guided by this mentality, parents are inclined to provide a form of leverage to their children by sending them for private tuition. Even if they do not concur with this direction, they would be compelled to follow in fear that they might render their children in disfavor when majority of the parents do so (Soh, Y. D. , 2013). Blackbox Research Pte Ltd (2012) provided the following on the consensus of Singaporeans on private tuition: †¢ 80% of Singaporeans believe that tuition is beneficial to children’s education, especially average students †¢ For Singaporeans with kids currently enrolled in tuition, 1 in 2 spend more than $500 a month per child †¢ Almost 1 in 3 Singaporeans (23%) think kids should start tuition in pre-school, before they begin formal education †¢ Two-thirds or 67% of Singaporeans currently have or have previously enrolled their children in tuition †¢ 46% of Singaporeans think tuition is necessary for kids to stay competitive with their peers Arguments for Private tuition Private tuition is a prospering market which improves Singapores economy. According to Mong Palatino, More than 90 percent of primary students are enrolled in after-school tuition centers while parents spend an estimated $680 million annually on tutoring services. Soon, it will be a billion-dollar industry (2013, para. 1). Private tuition is a good form of coaching for students that are weaker and having trouble following the pace of teaching in class. Increasing the academic performance will not only help the student, it also boosts the reputation of Singapores education system. Higher number of educated Singaporeans in the workforce will in turn enhance Singapore’s economy (Palatino, M., 2013). Arguments against Private tuition Government schools might lose quality teachers to private sectors which results in loss of confidence in parents towards government sector. This might in turn attract more parents towards private sector (M. Nirmala, 2013). Rising cost of quality tuition teachers or centers might be unaffordable for average income household, creating exclusive private tuitions for the rich. This will increase the disparity in academic development between the rich and poor which contributes further in the poverty gap (Stacey Chia Matthias Chew, 2012). To gain competitive edge, Students might abide long study hours for school and private tuition leading to imbalanced lifestyle. Singapore might become the next South Korea where students typically study up to 12 hours a day depriving them from having a fulfilling personal life. 17 year-old Inchae Ryu from South Korea said I have no time to think about my future or my dreams(Sistek, H. , para. 5, 2013). This might aggravate the stressful learning environment for Singaporean students. 36 per cent of children rated failing examinations and tests as their greatest fear, compared with 17 per cent who cited the death of their parents orguardians(Hetherington, J. , 2012, para. 2). Conclusion Singapore government may improve the situation by regulating Singapores educational system to a more dynamic, practical based learning experience instead of copy and pasting information during examinations. Sociologist and Former Nominated Member of Parliament, Paulin Straughan said we free the school f rom this obsession of testing, and the teachers and educators can focus on teaching and learning, and if we do that, more young couples would be willing to grow larger families(Lim, R., Obsession with testing, para. 4, 2012). Rather than tackling the issue at a superficial level using rigid control methods, constituents of the matter can be traced back to consumerism as discussed. Perhaps a radical review on the existing educational framework needs to be done to determine the connotation of education in Singapore. Should it be a dissemination of functional information for extending human capacities or a tool manipulated by pecuniary dominion to sustain our economic system? Schools are being transformed into commercial rather than public spheres as students become subject to the whims and practices of marketers whose agenda has nothing to do with critical learning and a great deal to do with restructuring civic life in the image of market culture. Civic courageupholding the most basic non-commercial principles of democracyas a defining principle of society is devalued as corporate power transforms school knowledge ( Giroux, H. , Stealing Innocence: Youth, Corporate Power, and the Politics of Culture. New York: Palgrave, 2000, page 173. ).

Music!!! free essay sample

Have you ever noticed how on busses and metros there are many people listening to music? This is because many people like music and also because their bored. In this article I will try to persuade you to listen to more music or listen to different types of music. Music is important in many people’s lives. A person listening to music on the bus. Music was created about 4,000 years ago in the prehistoric times. The music created in the prehistoric times was either folk, indigenous, or traditional music. Now there are way more types of music. Now there is rock, hip-hop, pop, techno, country, and much more. That is one reason why I want you to listen to music more music. The first type of music player. If you don’t believe then read this interview with Robert Fakeman about him and music. E:†Robert what do you think about music?† R:†Well Edwin, I think that music is a lifestyle. We will write a custom essay sample on Music!!! or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page And also an art of sound in time that expresses ideas and emotions in significant forms through the elements of rhythm, melody, harmony, and color.† E:†What do you think about people listening to music more?† R:†I think more people should listen to it more.† E:†Do you think music is under appreciated?† R:†No, of course not. I just think not enough people listen to it.† E:†Thank you for your time Robert.† R:†Thank you for having me Edwin.† That was my discussion with Robert Fakeman about music. That discussion made me learn more. It made me learn that someone thinks that someone thinks that not enough people listen to music. That is also another reason why I think more people should listen to music more. Music can be very meaningful to people. If there was any mood you were feeling there is bound to be a song relating to that mood. That is also another reason to listen to music more. That is a reason why I listen to music a lot. Whenever I am happy I would listen any type of music except for depressing songs. Whenever I am down I try to listen to songs that a re up and jumpy. â€Å"Music can be interactive to people. The person can actually feel as if they were actually there with the artist is singing it.† Says Christian Ventura (my little brother) Music can be very powerful to people. That is why I think you, the reader, should listen to more types of music or if not, just listen to more of the same music you already listen to.

Greece after Alexander essays

Greece after Alexander essays Q.3 Write a comprehensive essay on the Greeks socio-political philosophical development after the death of Alexander the Great. After the death of Alexander the Great, the Greek city-states began to decay as they became part of the power struggle for the Hellenistic kings who tried to fill Alexander's shoes. Life during this time was often troubled and chaotic. It was during this time when new types of philosophical ideas began to develop. The philosophical schools which arose out of this troubled era were the Cynic, Epicurean, Stoic, and Skeptic. These schools supported the type of morality that was less directly associated to the government and society. The schools focused more closely on how an individual when unconnected to the tie of traditional society and state should deal with the whim of fate. The basis for the Cynic school was that over attachment to the possessions of ones life was the root of evil and unhappiness. The Cynics taught that the more one has, the more one is susceptible to the hands of fate. The Cynics encouraged that one must reduce their possessions, connections, and pleasure to the absolute minimum. The school taught that ones freedom comes from the abandonment of material objects and possessions, society and pleasure. The Stoic school was created by a Syrian named Zeno of Citium. Zeno went to Athens as a wealthy merchant but lost his fortune at sea. Zeno was consoled by the philosopher Crates who taught Zeno that material possessions were not important to a mans happiness. Zeno stayed in Athens were he heard various lectures from different philosophers. After gaining knowledge from the speakers he began to teach in a public hall named Stoa Poikile, hence the name Stoic. The foundation of his teachings was that the only way for a man to achieve happiness was to live in harmony with nature. Passions, are the cause of all evil, and are caused by the lack of judgment of wha...

Acquisition Reform Research Paper Example | Topics and Well Written Essays - 1250 words

Acquisition Reform - Research Paper Example Now, it is evident that there exists mutual dependency between the US military and the economic performance of this country. In this context, it becomes logical to evaluate the eminent relationship between them. Therefore, the defense department depends so much on the economic sector of the American population. The military’s economic dependency is depicted in the budget allocation and on other aspects like military logistical acquisition. Based on these facts, the US government has seen the need to blend these two sectors together to harmonize their dependency on each other. This led to the formulation of the acquisition reform program (Hanks, 2005, p.234). Acquisition reform is an exercise meant to integrate the United States military with the civil business practices. The US department of defense acknowledged the need to integrate the civil industrial sector with the military. The economical production of the US had direct relations with the military in terms of logistics p roduction and supply. From the late 1980’s through 1990’s to the present times, the US department of defense has undertaken numerous exercises meant to develop an optimal program to integrate these two sectors. The goals of the reform exercise are aimed at streamlining the performance of the US military by initiating close relationship between the civil logistics producers and the defense department.... These deliverables were to provide an insight into the objective purpose of the acquisition reform process. The main objective of the reform exercise is for the civil economic sector to respond efficiently to the military needs. Based on this goal, the project designers saw the need of integrating the national industrial base into the military systems (Lorrel & Graser, 2005 p. 70). In this case, the Department of Defense considered adopting the ideal customer processes in their relationship with the US industrial sector. Since the program’s inception, the numerous modifications are aimed at focusing on the long-term emphasis of the business problems and solutions of the military. Some of the projected deliverables is meant to encourage commercial industries to work with the defense sector. Based on this underlying objective, every acquisition reform process is aimed at considering the policies, behavioral or cultural changes and the business values that will facilitate the ach ievement of the reform goals (Dirk, 1994 p. 38). Now, it is clearly understood that the main aim of the acquisition reform program is to address the issue of commercial relations between the military and the industrial sector in terms of logistical supplies and service provision. Before this program, there was an inherent problem in the military concerning the economical processes of acquisition and usage of military equipments and services. The producers of these equipments and providers of the services were the major stakeholders in the US civil industrial sector. Therefore, the masterminds of this program aimed at articulating the procurement practices of the defense department by blending the concepts of commerce and the consumer