I Desire a Masters in Science :: Graduate Admissions Essays

I Desire a Master's in Science    My interest in science dates back to my years in high school, where I excelled in physics, chemistry, and math. When I was a senior, I took a first-year calculus course at a local college (such an advanced-level class was not available in high school) and earned an A. It seemed only logical that I pursue a career in electrical engineering.    When I began my undergraduate career, I had the opportunity to be exposed to the full range of engineering courses, all of which tended to reinforce and solidify my intense interest in engineering. I've also had the opportunity to study a number of subjects in the humanities and they have been both enjoyable and enlightening, providing me with a new and different perspective on the world in which we live.    In the realm of engineering, I have developed a special interest in the field of laser technology and have even been taking a graduate course in quantum electronics. Among the 25 or so students in the course, I am the sole undergraduate. Another particular interest of mine is electromagnetics, and last summer, when I was a technical assistant at a world-famous local lab, I learned about its many practical applications, especially in relation to microstrip and antenna design. Management at this lab was sufficiently impressed with my work to ask that I return when I graduate. Of course, my plans following completion of my current studies are to move directly into graduate work toward my master's in science. After I earn my master's degree, I intend to start work on my Ph.D. in electrical engineering. Later I would like to work in the area of research and development for private industry. It is in R & D that I believe I can make the greatest contribution, utilizing my theoretical backgr ound and creativity as a scientist.

Measuring academic proficiency under the NCLB.

The No Child Left Behind (NCLB) Act was designed to close the achievement gap between high and low performing children, especially the achievement gap between minority and non-minority students and between disadvantaged children and their more advantaged peers (NCLB, 2001). The key components of the act are the adequate yearly programs (AYP), and the annual measurable objectives (AMO). The AYP is the working principle of the act and it is seen as the mechanism for which all schools and all students meet the same academic standards in reading and mathematics by school year 2013-2014. The AMO indicates the performance of the school in terms of proficiency in reading and mathematics tests. Moreover, the law identifies student subgroups like economically disadvantaged students, students form major racial and ethnic groups, students with disabilities and students with limited English proficiency. The law also specifically requires that 95% of the total number of students in a school and 95% of each subgroup to take the reading and math standardized tests, while the state is tasked to determine its own AMO targets and the minimum number of students in each subgroup who are required to meet or surpass the AMO targets (NCLB, 2001). The AYP requirements apply to Title 1 and non-title 1 school that receive federal funding. Schools that do not reach AYP for two or more years will be labeled as in need of improvement and are sanctioned. The NCLB employs a conjunctive accountability system wherein each subgroup of students are required to reach the minimum levels of proficiency in math and reading regardless of their previous proficiency levels, thus within 12 years, all students should reach 100% proficiency. NCLB is based on the idea that high expectations for achievement would result to higher actual achievement levels. By requiring each school to reach a uniform level of proficiency  would mean that in a given period, all schools and all students would have mastered the same skills and learned the same knowledge in reading and mathematics. The NCLB measures progress through a single mean proficiency score across levels and subgroup.   However, this frame of mind does not consider the diversity of American students and their backgrounds. For example, requiring each subgroup to meet the minimum mean proficiency score would ensure that the school would not reach the AYP. Using a single mean proficiency score to measure performance is not a true measure of school improvement nor student performance. Although, NCLB have positive visions, its method of attaining its objectives undermines what it is supposed to do. The law treats each school and each student as a single and uniform entity when our society is composed of different races and backgrounds, not even taking into account the difference between the rich and the poor. Even if the law identified the subgroup of students, it still however assess each group in terms of the single mean proficiency score which is the same as implementing a one size fits all policy. The problem with NCLB is that it asks schools to be assessed against a single mean proficiency score, wherein if a school fails to reach this score, would indicate that the school is not performing as it should be in accordance with federal and state rules. The use of a single mean proficiency score says that each school is treated as equals, however the reality is differences in each school is present. For example, different districts cater to different students and since education have been the purview of the state; they have also different standards on accountability and accreditation. The schools seek to attain the level of performance required by the state and in cases where measures of school performance differ from the NCLB would say that schools are making progress in the state level but is not up to standard in the national level. Students also would be burdened by being pitted against a single score that may or may not be realistically attainable, and if they fail to reach the mark they would have caused the failure of the entire school. Another problem with the NCLB is that by identifying subgroup of students and requiring them to achieve the mean proficiency score puts them in a bind. The subgroups identified by the law in some cases could be an unnecessary repetition of the groups, for example most Blacks and Latinos are economically disadvantaged, and that most of these groups also have lower mean proficiency scores. Thus if a school is composed of many poor students, of different racial groups, of students with limited English proficiency, then this school will surely not reach that mean proficiency score. The NCLB is not friendly to racial groups, economically disadvantaged children, children with disabilities and children with limited English proficiency. It is common knowledge and even supported by statistics that those who are identified as economically disadvantaged are those who belong to a minority racial group. In which case they will be asked to reach the same proficiency score twice, then they will be labeled as under performing and the school as needing improvement. It will compromise what the students have accomplished in a school year, because failing to reach the mark is not equal to no improvement or no learning. As for the parents, they would probably think that NCLB is good for their children as it ensures equality between groups in terms of academic achievement. However, if their state certifies that their children are performing to expectations like in Virginia and California, but the federal government says otherwise would saw confusion and distraught among parents. Schools and districts complain that using a single mean proficiency score to measure performance is not realistic and appropriate. It does not take into consideration that high-poverty schools have students with less academic preparation than those with low-poverty schools. Moreover, by using a system of conjunctive accountability dooms schools from reaching AYP. The short term effects of NCLB on low-income students and of color is that thy will b subjected to more requirements in school or additional interventions that would enable them to reach the desired improvement of scores as well as being pressured to make that mark. The long-term effect is that when they fail to reach AYP and cause the school to lose out on the AYP race, then they will be blamed for it and probably will be faced with angry members of the community. When schools still fail to make the mark and is identified as needs improvement and probably would be given less funding the more the low-income and racial groups become more disadvantaged, instead of closing the academic achievement gap, the NCLB does not even consider what academic achievement is. I think that NCLB was born out of the sincere desire to make sure that our students have the same level of academic proficiency even for math and English only. Whoever drafted the bill however did not have a clear understanding of achievement, intelligence and environmental factors that are part and parcel of learning and education. It is also funny to think that as diverse a population as we have we want to be pitted against a single score when what is more important than the grade or score is actual learning and the evidence of improvement across the years. Thus, as a law that seeks to close the achievement gap between groups of students, the NCLB divides and places the minority groups in a more difficult situation and at a more disadvantaged position.   

Case Study Barings

Summary: One of the most infamous tales of financial demise is that of Barings Bank. Trader Nick Leeson was supposed to be exploiting low-risk arbitrage opportunities that would leverage price low rage differences in similar equity derivatives on the Singapore Money Exchange (Simex) and the Osaka exchange. In fact, he was taking much riskier positions by buying and selling different amounts of the contracts on the two exchanges or buying and selling contracts of different types.Thanks to the lax attitude of senior management, Leeson was given control over both the trading and back office functions. As Leeson's losses mounted, he increased his bets. However, after an earthquake in Japan after caused the Nikkei Index to drop sharply, the losses increased rapidly, with Leeson's positions going more than $1 billion into the red. This was too much for the bank to sustain; in March of 1995, it was purchased by the Dutch b bank ING for just one pound sterling.Overview: Barings Bank had a lo ng history of success and was much respected as the UK's oldest d merchant bank. But in February of 1995, this highly regarded bank, with $900 million in capital, was bankrupted by $1 billion of unauthorised trading losses. In 1993, Nick Leeson was appointed general manager of the bank's Barings Futures subsidiary appointed in Singapore. In this capacity, he was able to conceal his unauthorised trading activities for over a year because he managed both the trading and back office functions.The senior managers at a Barings came primarily from a merchant banking background and knew very little about trading. Even in the face of large profits, which should have tipped management off to the fact that substantial risks were being taken, they continued to believe that Leeson held matched Leeson positions on the Singapore International Monetary Exchange (Simex) and the Osaka exchange, and hence was making a low-risk profit. low In fact, Leeson was trading derivatives contracts on the two e xchanges that were, in some cases, of different types and, in some cases, in mismatched amounts.For example, Leeson rent executed a trading strategy known as a â€Å"straddle,† with the objective of making a profit by selling put and call options on the same underlying financial instrument, in this case, the Nikkei th 225 Index. A straddle will generally produce positive earnings when markets are stable but can result in large losses if markets are volatile. Leeson created an error account numbered 88888 as a holding area for any premiums or losses that he made. Leeson claims that he initially opened the account to conceal a single loss of e. 0,000 pounds sterling that had resulted from an accounting error until he could make up the difference through trading. However, he continued booking various losses into the account and also continued to increase his volume of trading and level of risk taking. Leeson took unauthorized speculative positions primarily in futures linked to the Nikkei 225 and Japanese government bonds (JGB) as well as options on the Nikkei. He hid his trading in an unused BSS error account, number 88888. Exactly why Leeson was speculating is unclear.He claims that he originally used the 88888 account to hide some embarrassing losses resulting from mistakes made by his traders. However, Leeson started actively trading in the 88888 account almost as soon as he arrived in Singapore. The sheer volume of his trading suggests a simple desire to speculate. He lost money from the beginning. Increasing his bets only made him lose more money. By the end of 1992, the 88888 account was under water by about GBP 2 million. A year later, this had mushroomed to GBP 23 million.By the end of 1994, Leeson's 88888 account had lost a total of GBP 208 million. Barings management remained blithely unaware. On February 23, 1995, Nick Leeson hopped on a plane to Kuala Lumpur leaving behind a GBP 827 million hole in the Barings balance sheet. As a trader, Leeso n had extremely bad luck. By mid February 1995, he had accumulated an enormous position—half the open interest in the Nikkei future and 85% of the open interest in the JGB future. The market was aware of this and probably traded against him.Prior to 1995, however, he just made consistently bad bets. The fact that he was so unlucky shouldn't be too much of a surprise. If he hadn't been so misfortunate, we probably wouldn't have ever heard of him. Traders sometimes speculate without authorization. Presumably, a few are able to cover their tracks. Others are caught. When they are caught, they are fired, and their employer eats the loss. Usually, neither the trader nor his employer has any interest in publicizing the incident. Leeson made headlines precisely because he was so unlucky.By the time he was discovered, he had bankrupted his employer. Publicity was unavoidable. What is amazing about Leeson's activities is the fact that he was able to accumulate such staggering losses w ithout Barings' management noticing. As Leeson lost money, he had to pay those losses to SIMEX in the form of margin. Leeson needed cash. By falsifying accounts and making various misrepresentations, he was able to secure funding from various companies within the Barings organization and from client accounts.His misrepresentations were flimsy at best. For example, he claimed that he needed funds to make margin payments on behalf of BSS clients, and he gave a technical argument related to how the SIMEX collected margin as justification. This claim was false. It was actually against SIMEX rules for a broker to post its own money as margin for a client. Even if the claim were true, the funds would have been needed only temporarily—until the client could make payment. Instead, Leeson continued to ask for ever more funding.Leeson increased the size of his open positions even as his losses increased due to volatility in the markets. When an earthquake in Japan caused a steep drop i n the Nikkei 225 equity index , however, Leeson's unauthorised trading positions suffered huge losses and his operation unravelled. On March 3, 1995, the Dutch bank ING purchased Barings for 1 pound sterling, providing the final chapter in the story of the 223-year-old bank that had once helped the United States to finance the Louisiana purchase.The beginning of the end occurred on January 16, 1995, when Leeson placed a short straddle (an options trading strategy) in the Singapore and Tokyo stock exchanges, essentially betting that the Japanese stock market would not move significantly overnight. However, the Kobe earthquake hit early in the morning on January 17, sending Asian markets, and Leeson's investments, into a tailspin. Leeson attempted to recoup his losses by making a series of increasingly risky new investments, this time betting that the Nikkei Stock Average would make a rapid recovery.But the recovery failed to materialize, and he succeeded only in digging a deeper hole . Realizing the gravity of the situation, Leeson left a note reading â€Å"I'm Sorry† and fled. Losses eventually reached ?827 million ($1. 4 billion at then-prevailing exchange rates), then prevailing twice the bank's available trading capital. This led to the bank's collapse. After fleeing to Malaysia, Brunei and finally Germany, Leeson was arrested and extradited back to Singapore on March 2, 1995. While he had authorization for the January 16 short straddle, he was charged with raud for deceiving his superiors about the riskiness of his activities and the scale of his losses, although some observers (and Leeson himself) have place much of the placed blame on the bank's own deficient internal auditing and risk management practices. Sentenced to six and a half years in jail in Singapore, he was released from prison in 1999, having been diagnosed with colon cancer, which he has survived despite grim forecasts at the time. While in despite prison, in 1996, Leeson published an autobiography, Rogue Trader, detailing his acts.There may be a temptation to view this debacle as being caused by just one individual – the â€Å"rogue trader† – but in reality the fiasco should be attributed to the underlying structure of the firm, and particularly to the lack of internal checks and balances. Events: 1993: Nick Leeson becomes general manager of Barings Futures (Singapore), running the bank's Simex (Singapore International Monetary Exchange) activities. January 1994: By this date (at the latest), Leeson started selling put and call options on the Nikkei 225 equity index, placing the premiums earned into an error account number 88888.This strategy, known as a straddle, is essentially a bet on the stability of market prices. 24 February 1994: A memorandum from the Barings' asset and liability committee values the 4 options portfolio at 2. 8 billion yen. July 1994 – August 1994: James Baker, an internal auditor, spends two weeks in Singapor e investigating the immense profits being made there. Baker identifies the weakness of internal controls and recommends that the general manager should no longer be responsible for the back office.In response, a separate financial manager in Hong Kong is given part part-time responsibility for watching over the back office. ng August 1994: In an attempt to better evaluate its overall risk, Barings sets up an integrated Group Treasury and Risk function, reporting to a new asset and liability committee (Alco). December 1994: A later Barings investigation reveals that, for unknown reasons, Leeson has run up an accrued loss amounting to Y7. 7 billion on the account by the end of 1994. 23 January 1995: The Nikkei 225 drops by 1000 points after an earthquake hits Japan's industrial heartland. 6 January 1995: The London futures team gives Barings' Alco Committee a presentation on the Baring Futures (Singapore) operation, which states that Leeson is operating a perfectly perfectl matched bo ok – long in Osaka, but short to the same amount on Simex. 8 February 1995: Coopers & Lybrand decides to hold off signing off on Barings' accounts until it becomes possible to clear up a few points with Leeson. 23 February 1995: At close of trading, the error account contains 55,399 Nikkei contracts trading, expiring in March and 5640 expiring in June.As of February 25, this totalled a loss of 59 billion yen on Simex. 24 February 1995: The Barings Board meets to discuss a hastily prepared analysis of the hastily-prepared transactions in Account 88888. March 1995: The Dutch Bank ING agrees to purchase Barings for 1 pound and assume all of its liabilities (Bull, 1995). Lessons to be Learned: Lack of internal checks and balances Even when segregation of duties was suggested by internal audit, the concentration of power in the Leeson's hands was scarcely diluted. Lack of understanding of the business.If Barings' auditors and top management had understood the trading business, the y would have realised that it was not possible for Leeson to be making the profits that he was reporting without taking on undue risk, and they might have questioned where the money was coming from. Arbitrage is supposed to be a low risk, and hence low profit, business, so Leeson's large m. profits should have inspired alarm rather than praise. Given that arbitrage should be cash cashneutral or cash-rich, additional alarms should have gone off as the Bank wired hundreds of rich, millions of dollars to Singapore.Poor supervision of employees Although Leeson had never held a trading license prior to his arrival in Singapore, there was little oversight of his activities and no individual was directly responsible for monitoring his trading strategies. Lack of a clear reporting line Leeson's fraud may have been facilitated by the confusion caused by two reporting lines: one to London, for proprietary trading, and another to Tokyo for trading on behalf of customers. customer Allikas: http ://www. erisk. com/Learning/CaseStudies/ref_case_barings. asp Kusimused:1. Millist kauplemisstrateegiat Nick Leeson oma ulemustele teadaolevalt kasutas? Kuidas selle strateegiaga teoreetiliselt raha on voimalik teenida? 2. Millist kauplemisstrateegiat Nick Leeson tegelikult kasutas? Kuidas selle strateegiaga teoreetiliselt raha on voimalik teenida? 3. Mis on back-office funktsioonid? 4. Mis sundmus sai Barings pangale saatuslikuks? Mis selle tulemusel juhtus Leesoni positsioonidega? 5. Mis olid pohjused (mida tehti valesti), et kaesolev Baringsi case sai uldse juhtuda (5 pohjust)? 6. Milliseid eetilisi noudeid Nick Leeson oma tegutsemisega rikkus ning kuidas oleks tulnud korrektselt kaituda?

Free Essays on No More On Route 54

No More on Route 54 Route 54 has been referred to by various agencies as â€Å"The deadliest highway in San Diego County†. This stretch of freeway, which follows the Sweetwater River from I-5 to Spring Valley, has claimed the lives of nine adolescent drivers and passengers in the past year alone, especially in a small area near Sweetwater Road. Despite the tragic loss of life in these accidents, the public is largely unaware of the dangers of this road, and I myself was personally unaware of it until an accident on Route 54 took the life of someone close to me. On the evening of March 5th, 18-year old Damien LaFrancis of Chula Vista was driving three friends in a 1989 Dodge Colt when a road rage incident with another driver caused him to swerve into the path of a Ford F250. Damien and two of his passengers were killed in the collision and the sole survivor, 16-year old Harmony Kielty of Chula Vista, is lucky to be alive. The pain that Harmony has endured since then is something that no person should have to suffer through, and that is why I call for â€Å"No More on Route 54.† In order to prevent any more people from losing their lives on this road, the community must work together with the media and police forces to spread awareness of the dangers of Route 54 and alleviate their effects. In order to lessen the dangers caused by speeding and reckless driving on Route 54, local police and Highway Patrol forces must crack down on these actions. Driver’s speeds should be monitored both by ground-based checkpoints and by airplane, and cameras installed to capture the license plate numbers of offenders. Signs should be posted at on-ramps to warn drivers of the new precautions and to inform them of the fines for speeding or reckless driving. The media should be made aware of the new program too ensure that everyone who lives in the area and uses Route 54 is aware of the dangers involved and the steps being taken. The local media must a... Free Essays on No More On Route 54 Free Essays on No More On Route 54 No More on Route 54 Route 54 has been referred to by various agencies as â€Å"The deadliest highway in San Diego County†. This stretch of freeway, which follows the Sweetwater River from I-5 to Spring Valley, has claimed the lives of nine adolescent drivers and passengers in the past year alone, especially in a small area near Sweetwater Road. Despite the tragic loss of life in these accidents, the public is largely unaware of the dangers of this road, and I myself was personally unaware of it until an accident on Route 54 took the life of someone close to me. On the evening of March 5th, 18-year old Damien LaFrancis of Chula Vista was driving three friends in a 1989 Dodge Colt when a road rage incident with another driver caused him to swerve into the path of a Ford F250. Damien and two of his passengers were killed in the collision and the sole survivor, 16-year old Harmony Kielty of Chula Vista, is lucky to be alive. The pain that Harmony has endured since then is something that no person should have to suffer through, and that is why I call for â€Å"No More on Route 54.† In order to prevent any more people from losing their lives on this road, the community must work together with the media and police forces to spread awareness of the dangers of Route 54 and alleviate their effects. In order to lessen the dangers caused by speeding and reckless driving on Route 54, local police and Highway Patrol forces must crack down on these actions. Driver’s speeds should be monitored both by ground-based checkpoints and by airplane, and cameras installed to capture the license plate numbers of offenders. Signs should be posted at on-ramps to warn drivers of the new precautions and to inform them of the fines for speeding or reckless driving. The media should be made aware of the new program too ensure that everyone who lives in the area and uses Route 54 is aware of the dangers involved and the steps being taken. The local media must a...

Free Essays on American Exceptionalism In The New World

American’s as a whole would like to think that the United States is the greatest nation on the planet, and for the most part we do. It has been driven into our heads, seen on television and cheered at sporting events. Whether or not this assumption is true, it is easy understood that Americans have an egotistical mindset as a whole. This â€Å"mindset† is often referred to as American Exceptionalism and its roots can be drawn from as far away as Europe and chronologically dates back to our nation’s birth. During the seventeenth century Europe was becoming a difficult and unattractive place to live for many of its inhabitants. Overcrowding of major cities, disease, and tyrannical rule allowed Europeans to dream of a better life, a life which would allow them to follow their religion and apply themselves for their own good and prosperity. Europe’s social order was the major concern for those looking to further themselves. Two groups usually formed Europe’s social order, this being the rich and poor. As the saying goes â€Å"the rich get richer and the poor get poorer†, leaving false hopes for those born in to a poverty stricken community. The law of the land was actually the law of the church leaving no separation between church and state, or government. Although this may sound quite confining for today’s citizens it was the norm not only in Europe but all over the world. As is human nature many non conformists were looking for something better, a place where they could attain a pure civilization removed from corruption and deception. A community where people were treated equally, could practice any religion, and further themselves with hard work and dedication. A new form of government was also a major concern to deserters of Europe. They no longer wanted a single monarch to control all aspects of their day to day lives. The idea of democratic rule had been brought forward by Montesquie, and was gaining popularity and under... Free Essays on American Exceptionalism In The New World Free Essays on American Exceptionalism In The New World American’s as a whole would like to think that the United States is the greatest nation on the planet, and for the most part we do. It has been driven into our heads, seen on television and cheered at sporting events. Whether or not this assumption is true, it is easy understood that Americans have an egotistical mindset as a whole. This â€Å"mindset† is often referred to as American Exceptionalism and its roots can be drawn from as far away as Europe and chronologically dates back to our nation’s birth. During the seventeenth century Europe was becoming a difficult and unattractive place to live for many of its inhabitants. Overcrowding of major cities, disease, and tyrannical rule allowed Europeans to dream of a better life, a life which would allow them to follow their religion and apply themselves for their own good and prosperity. Europe’s social order was the major concern for those looking to further themselves. Two groups usually formed Europe’s social order, this being the rich and poor. As the saying goes â€Å"the rich get richer and the poor get poorer†, leaving false hopes for those born in to a poverty stricken community. The law of the land was actually the law of the church leaving no separation between church and state, or government. Although this may sound quite confining for today’s citizens it was the norm not only in Europe but all over the world. As is human nature many non conformists were looking for something better, a place where they could attain a pure civilization removed from corruption and deception. A community where people were treated equally, could practice any religion, and further themselves with hard work and dedication. A new form of government was also a major concern to deserters of Europe. They no longer wanted a single monarch to control all aspects of their day to day lives. The idea of democratic rule had been brought forward by Montesquie, and was gaining popularity and under...

If Sentences for ESL Learners

If Sentences for ESL Learners English learners should learn if sentences, also known as conditional forms, in order to discuss various possibilities that are either realistic or imaginary. Follow the introduction below, you will find a grammar overview and explanation for each tense. Once you are familiar with these forms, use the referenced materials to practice and further your understanding of these forms. Teachers can print out the comprehension materials related to the materials, as well as the suggested lesson plans with point-by-point instructions on how to teach the conditional  forms in class. The Basics: What Are If Sentences? If sentences are used to discuss things that happen based on the condition that something else happens. There are three main types of if sentences. Use an if sentence in the first conditional to consider real, possible events in the present or future: If it rains, Ill take an umbrella. Use an if sentences in the second conditional to speculate about unreal, improbable events in the present moment or future: If I had a million dollars, Id buy a big house. An if sentence in the third conditional concerns imaginary (unreal) outcomes of past events: If he had spent more time studying, he would have passed the exam. If Sentence Forms Overview: If Sentence # 1 First Conditional If S present simple objects, S will verb objects- If the boys finish their homework early, they will play baseball. If Sentence # 2 Second Conditional If S past simple objects, S would verb objects- If he bought a new car, he would buy a Ford. If Sentence # 3 Third Conditional If S past perfect objects, S would have past participle objects- If she had seen him, she would have discussed the issues with him. Study If Sentences In Depth: Here is a detailed guide to all conditional forms with examples, important exceptions to the rules and a structured guide. The alternate guide provides options for advanced level learners. Finally, this guide to choosing between the first or second conditional provides further help on deciding whether to use the real or unreal conditional. Test Your Understanding of If Sentences: Once youve studied the rules - or if you already know the rules - test your knowledge: Conditional Forms Quiz For advanced level learners here is a reading dialogue comprehension exercise that focuses on using the third conditional. Teach a Lesson about If Sentences: This first and second conditional forms lesson employs reading comprehension about emergencies to help students discover and review the forms. Once students are comfortable with the form, they discuss other difficult or unusual situations using the first and second conditional This conditionals tic-tac-toe is a great game to help students review all three if sentence forms. Finally, here is a printable conditional form quiz to use in class. If Sentence Activities: Practice if sentences with grammar chants. Using chants, you and your classes can practice the structure so that it becomes natural and easy to remember.

Management Research Paper Example | Topics and Well Written Essays - 2000 words - 3

Management - Research Paper Example Several technological advancements have been made in the field of manufacturing affecting the supply chain in different ways. Current application of manufacturing technology in supply chain management and how best the technology can be utilized to improve the supply chain is analyzed in the below discussion. Logistic management is the management of the flow of goods, services and information from source to the desired destination at the lowest possible cost. Through the various stages of transmission, goods and information are faced with various challenges that are a threat to the process. Mismanagement of the logistics can lead to disruption of the supply chain both in the short and the long run. Safety measures in the logistic system determine the effectiveness of the logistic system for a successful supply chain. Among the threats to logistics are increasing with the developments in the market. Risk factors include the unpredictable change in transport and energy costs, higher cost of financing, insolvency of a basic logistic provider, changes in local and international legal requirement and insufficient number of skilled employees in the necessary field (Bielecki & Szymonik 2011) Management of the centralized supply chain is receiving much attention from firms. Firms use customer service measure based on frequency to measure efficiency in the supply chain. The actual measures conducted are the fill rate and stock out rate. These measures indicate the efficiency of the centralized supply chain system. The assumption is that suppliers are able to meet all customer needs and supply the orders as to when required. Advance production is the case with a centralized supply chain to meet customer demand with supply. However, the changes in the market are posing a threat to this system. Given the changes in technology, the supply chain