Alison watt and Picasso

Alison watt and Picasso In this essay I'm going to investigate two portrait painters, Alison Watt and Pablo Picasso. I will be writing about their lives and influences. The first artist I will be writing about is Alison Watt. She was born and raised In Greengrocer in 1965, 18 years later and she is still studying in Glasgow School of Art for a further 5 years. At the national gallery in London Watt was the associate artist holding a spectacular exhibition of her own Phantom in 2008.Watt was well known for portraits of herself and others holding cups plates etc, she came to the publics attention in 1987 when he won an award for the National Portrait Gallery's. Watt was also well known for drawing female nudes and figures usual neutral colors, dryly painted lost of her portraits were done using oil paint on a canvas. As far as I am aware Alison Watt was known for painting portraits I have not heard of watt sculpting. She was also awarded an OBEY, she was the youngest female artist to b e awarded a solo exhibition at SIGMA.Alison Watt was quite original she interpreted her own ideas in her into paintings. Such as the paintings ‘Hunger and the horses head' l. This paintings watt has duplicated herself and she has also placed random niter s in Radio places. The Alison watt painting I will be writing about is ‘The native boy', It was made in 1990, made with oil paint on a board. Alison Watt has modeled herself I'm this painting, I chose this painting because its very neutral and doesn't have too much going on.This portrait is close up so you can't see of the sitter is sitting or standing it Just shows the face and neck. I would say everything in the portrait is mostly all the same proportion in terms of scale. N the background it was Just some simple leaves and what looks like to be a wall. The foreground and the background don't look Joined together it looks like Watt is standing in front of something. You can only see the top parts of the sitter and the background as it is a close up. The only thing that's being cut out is the rest of the figure.I think if I was there whilst this being painted you could smell nature and paint. You could probably here birds chirping and the wind blowing as it looks like an area where you would hear these surroundings. It looks as painted around midday. It does seem like a calm place and a very peaceful place . The lighting on the face is quite bright but the background is darker. I think it is a natural light. The light is coming from straight in and because if this I think it is during the day almost evening, but also I think it is winter because it looks quite cold.The light does cast shadows around the face I think it's there to show some form and atmosphere, so the face doesn't look flat. The mood in this painting is quite dull and dreary and Watt doesn't look very happy , which I think has an effect on what the DOD which comes across as winter. Although sometimes winter is bright it will always has that effect which makes the atmosphere dull and tense. The expression on Alison Watt definitely has an effect on the mood of the painting because it Just looks as if she's depressed and wants to cry.The sitters position is unrecognizable as you can't see the shoulders all that you see is the neck and above the only way you can tell the mood is by the facial expression. As mentioned you can't see the sitters clothes but from the hairstyle it looks quite classy and old fashioned. I think the artist hose the color scheme because it isn't a very complex painting So the color of the painting being neutral I believe is relevant to the painting. Watts brush stokes in the background are part of the painting they are almost unseen , it almost looks edited to look smooth,but the face is more textural you can see a few brushstrokes.Also on the face you can see where it has tried to be blended. I think the brush strokes are looser on the background and more controlled on the face etc where you need detail. I am oblivious to how much time was spent on This painting as they are to skilled be able o tell. But, personally I think Watt may have spent less time on this painting compared to the other painting. As this painting isn't as complex and not extremely detailed. The piece itself I would say is textural but around the cheekbones you can see dots/dabs used to blend the cheek and skin color.Watt seems to have used life like style or realistic, because it doesn't look fake and are elements where it Just looks airbrushed. Neutral colors have been used in this painting. I think Watt used these colors to give it the look of a real person. I think because of these colors that is why t made me decide the painting realistic/lifelike piece. I don't think they have am effect on the mood or atmosphere. Also I think the color scheme makes parts of the face such as the nose and mouth stand out.I honestly couldn't choose between whether this image is hot or cold. At the first look I would definitely say cold but if you look closer at the painting the face gives it a warm sensation. Watt used pattern in empty and dull areas. Pattern was used well around the face using leaves and curls. Also where there is a big plain space of wall a ribbon has been added and I hint without these features it would be really empty. The pattern used was regular and uniform nothing is out of the ordinary. In this painting the pattern is subtle.Although there is no definite outline ,you can see the different shapes and where watt has used two different colors side by side with a crisp edge. I think the painting is really bland. There is nothing really interesting going on. It is really amazing though how good an artist is when they make it look so simple. I think Watt is good but I dislike this painting. I don't think this is the best piece Alison Watt has done, cause the rest have something interesting In it which makes you remember it and makes you wonder about the painting. The other artist I'm going to investigate is Pablo Picasso.Picasso was a Spanish artist, boor in 1881 who was the son of an art teacher and showed artistic talent at a very young age. When Picasso was 19 he went to live in Paris to study new styles and to pick up new styles. The blue period was a famous period of Picasso. As the color blue symbolisms depression, when Picasso best friend committed suicide Picasso went into deep depression this is what was now as the blue period, where all the paintings are in shades of blue, have religious undertones and the subject matter is unhappy in nature.In 1973 Picasso was taken from us and he was one of the most famous artists of the 20th century. During Picasso blue period it was his friend Casemate who influenced Picasso. During the rose period when mostly shades of pink were used he was experimenting with gouache , the subject of matter was the circus and during the cubist period it was ad African masks which influenced Picasso. The cubist pe riod was when Picasso id his most original work , he took simple African masks which inspired him and turned them into paintings which are famous today.These kind of painting break away from the rules regarding realism and perspective. Some of the faces are distorted. Picasso was only known for doing portrait and figure paintings to my knowledge. Oil paint on canvas is Picasso most chosen way to work. The art work I will be focusing on is the weeping woman. It was made in 1907. I'm not able to tell what size the artwork is. I do not know the name of the sitter nor do I now that its actually a person who Picasso has Just made into his own idea or whether he painted this from his head.I chose this painting because I painted it in primary school and its his most known painting or the only painting I had ever heard of. The portrait is full length and the figure in the painting is in able to tell if she is sitting or standing as you can only see the top half of her body but I'm assuming she's sitting. It is a close up and the head takes up most of the portrait so the head is definitely the biggest object in the painting. In the background it is Just simply a wall. The foreground and background do look Joined together because the woman isn't ad.You can see a bit of the sitter and a bit of the background. I can Just see a cartoon woman crying that is literally all I think if I was to imagine myself in the painting. I can hear a woman crying and smell lots of paint. You can't tell the time because it isn't a realistic painting. I'm guessing something has happened as there is a woman in tears, it feels awkward and depressing , not a very nice place to be. There is no lighting in the painting. I think the mood and atmosphere is sad and awkward. It's expression and the body language of the sitter also the painting itself is about a woman crying.I would describe the mood of the sitter as upset and you can't see the shoulders. You can see spate hands as if she was holding a tissue up to her face to wipe her nose/eyes. She is multicultural I can't see any of her clothes. I have no idea why Picasso chose this color scheme. The artists style is cartoonist and abstract to me. You can't see the brushstrokes. I don't think he worked on this painting as long as he did the others, he others Just look as if they have been thought through more carefully. The painting is flat, I don't know what textures have been used.

De-icing operations at Minnesota Saint Paul

Executive SummaryThis study explains the consequences of research into how de-icing operations at Minnesota Saint Paul could be improved. The findings were that this airdrome should utilize a combination of infrared warming and antifreeze crop-dusting in order to defrost aircraft in a fast, safe, cost effectual and environmentally friendly manner. The de-icing procedure is called the â€Å" thrust through method † and this study has backed up its probe through elaborate computations and the usage of a determination matrix to compare the benefits of the thrust through method against utilizing others. Although there are some jobs such as its comparatively long payback clip of 2.5 old ages, plus risk the airdrome may hold to pay license fees due to patents on the engineering, the benefits of the thrust through method outweigh these drawbacks. One ground for this is that after the payback period the airdrome will do an one-year economy of about $ 7,080,000IntroductionRationale for the research The procedure of taking ice, hoar or snow from the surface of an aircraft is known as aircraft de-icing. This is an indispensable process because if these substances accumulate on an aeroplane they will magnify the retarding force force that the plane experiences. This will cut down the ability of its wings to bring forth adequate lift force to let it to take-off or tactic whilst in flight. Besides, harm could be caused if a big piece of ice dislodges from the plane and hits sensitive constituents like its engine. This could take to riders losing their lives in a clang and others losing their belongingss. The Federal Aviation Administration, FAA, modulate all major civil air power operations in America. One of their regulations is that aircraft must be free of ice before takeoff and during flight. Background This study uses Minneapolis Saint Paul ( MSP ) airdrome, Minnesota, as its primary instance survey. This is because aircraft at this airdrome often needs to undergo make up one's minding as a consequence of the cold clime before, during and after winter in that part. MSP airdrome spans 3,400 estates, has five tracks, five de-icing tablets and â€Å" served more than 32 million travelers in 2009 doing it 15th in the United States andA 30th in the universe in footings of figure of riders served yearly. † ( MSP Airport, 2010 ) De-icing is presently carried out at MSP airdrome by operators who spray an ethylene-glycol based aircraft de-icing fluid onto planes. Storm H2O drains to roll up the waste fluid, before it is transported by a truck to a recycling installation to be treated. It needs intervention because its high Biochemical Oxygen Demand ( BOD ) makes it harmful to the environment. Research Aims and Aims This probe aims to happen a method and chemical to utilize for de-icing planes which is more environmentally friendly, cheaper and faster than that which is presently used in MSP airdrome. It should be a â€Å" entire solution engineering † which eliminates/reduces all the jobs that the current de-icing method causes without bring forthing damaging side effects. These purposes will be achieved by finishing the undermentioned aims: Identify a replacement de-icing fluid which has the same/better de-icing functionality but costs less and is safer than the one presently used in MSP airdrome. Find a better manner to recycle the waste de-icing fluid Ensure that the new utility chemical allow de-icing fluid to be recycled Find another manner to take snow from aircraftGENERIC DESIGN PROCESSAdministrations frequently use a generic design procedure as they turn a merchandise thought into a manufactured point. Using a systematic, good organised designed procedure helps to cut down the research and development clip that a fresh merchandise experiences. The design squad for this undertaking used a generic design procedure and the actions that they took at each phase are detailed below: Merchandise Planning – First the squad used merchandise planning to assist do that dependable and valid research was carried out directly off. This started this by keep backing a treatment in which they clarified the purpose and aims of the undertaking. Then they identified their strengths and failings in relation to these aims to assist them take which responsibilities they were responsible for. Finally they agreed upon timescales in which to accomplish each aim. Designation of Customer Needs – Customers demands guided the squad ‘s merchandise inventions that were found. The squad held interviews with a representative from each major stakeholder group in the air hose industry, such as the air hose director and spray operator, to let them to voice their demands. This made it easier for the squad to put merchandise specifications and design a merchandise that they would O.K. . Constitution of Product Specifications – The client demands were ranked in order of their importance. The rank of each demand was relative to a weighting, tungsten, which was later used in a determination matrix. This information was used to bring forth merchandise specifications which were further defined utilizing prosodies. Coevals of merchandise thoughts – A insight was held to bring forth merchandise thoughts. This was utile because it encouraged the squad to construct thoughts on top of one another. From this they saw similarities between thoughts and linked some of them to specify a entire solution engineering. Choice of merchandise thoughts – A determination matrix was used to quantitatively compare the importance of each client demand in relation to the merchandise thoughts. The merchandise with the highest mark was selected for proving. Testing – The entire solution engineering was further evaluated in footings of its public presentation and economic viability. Because it was really good its specifications were was sent to industries so that they could construct a paradigm. Figure 1 – An illustration of the generic design procedure Figure 1 illustrates the merchandise design methodological analysis which begins with merchandise planning and ends with proving and industry. The flecked lines show that if one phase of the design procedure did non give advantageous consequences the squad would travel one or multiple phases back in order to polish their old purposes. Then they would progress through each phase of the procedure once more until they reached the concluding testing and fabrication phase. This process of measuring and re-assessing merchandise developments ensured that hapless designs were eliminated or improved before they reached the testing and industries phase.NeedAssorted clients have an involvement in aircraft de-icing operations ; these persons are referred to as stakeholders. The success of this venture will depend on how good it meets the demands of these persons. Hence, the squad evaluated each stakeholder ‘s demand utilizing an interview and ranked it harmonizing to its importance.Informa tion GatheringThe stakeholders were identified on the footing on who will pay for, sell, usage and run the de-icing engineering, these included air hose pilots and riders etc. They were interviewed and their responses are summarised below.Spray operatorQ1: How do you defrost a plane? â€Å" A container on a truck is filled with de-icing fluid which is assorted with H2O to a 50 % concentration by volume. I sit in an enclosed cabin and heat the fluid onboard the truck to 70oC before I spray it onto the plane until all the ice thaws. †Airport directorQ2: How of import is the BOD of a de-icing fluid? â€Å" Very of import, we pay the intervention works about $ 0.35 per US gallon and the monetary value goes up if the BOD additions. Our airdrome is fined if the BOD5 discharged to the environment exceeds 900 metric tons per twelvemonth. Q3: How long would you anticipate to wait for a return on your investing? â€Å" 1.5-2 old ages † Q4: How much does ethylene glycol cost? â€Å" The norm is $ 5-7 per gallon. † Q5: What safeguards were taken since your last incident? â€Å" We thought of retraining staff, but now operations are run by an outsourced concern. De-icing tablets and a drainage system were installed. †Aircraft directorQ6: What do you believe of incorporating a warming system onto aircraft? â€Å" Not ideal for commercial planes because it ‘s expensive †Air traffic accountantQ7: How severe is the break caused by aircraft de-icing? â€Å" During the extremum of the winter season there are regular holds. Aircraft must be de-iced once more if they exceed a holdover clip of 5 proceedingss. †Ranking of demands and ‘sanity check ‘The squad identified the most of import stakeholder demands and ranked them as listed below. Each demand was given a weighting, tungsten, harmonizing to its rank as portion of a ‘sanity cheque ‘ . Table 1 – The rank of each stakeholder demand and its weightingNeedWeight-ing, tungstenReasons1 ) Safety4 Safety was the top concern of every stakeholder. Aircraft at MSP airdrome can merely transport riders if they obey safety ordinances set by the FAA.2 ) LifeCost3 Some stakeholders disagreed on fiscal issues sing how much hard currency should be spent on certain points. e.g most spray operators would wish luxury de-icing cabins whereas airdrome directors would instead put the money. However, all stakeholders agreed that no de-icer with a high life-time cost would be acceptable.3 ) Speed2 Slow de-icing can do net income losingss due to detain flights.4 )Environmental impact1 Although the airdrome will be fined for doing inordinate pollution these costs are usually absorbed by clients.Constitution OF PRODUCT SPECIFICATIONSMost of the demands highlighted by stakeholders were expressed in a qualitative mode. They needed to be converted into specifications in order to avoid fiddling yet expensive betterments being made to MSP airdrome. To make this the worst instance de-icing conditions that could potentially take topographic point at MSP airdrome were defined and as portion of saneness cheque. Following prosodies were used set up specifications for merchandise and procedure design methods that could get by with the worst instance de-icing scenarios at the airdrome. Specification 1 – Annual length of operation The day of the months in which the planes will necessitate to be de-iced scopes from November to early April because on these day of the months the temperature in Minneapolis Saint Paul is below stop deading. Therefore, any new de-icing method must be able to run through this period of 5 months and 1 hebdomad ( 157 yearss ) every twelvemonth. ( Figure 2 ) Figure 2- The mean last temperature in MSP every twelvemonth from 1971-2000 Specifications 2 – The instance survey aircraft and its ice coverage The mass of ice on a plane was calculated utilizing a worst instance scenario, which was that one of the biggest commercial rider planes ; the Boeing-747 ( BBC, 2007 ) needed to be de-iced. It was assumed that the top country of both its wings was covered by a 1cm thick bed of ice. Flying country ( Boeing-747 ) = 541.2 M2 ( Airliners, 2010 ) Ice Thickness = 0.01m Ice Coverage 100 % i Volume of ice on wings, Volice = 5.412 M3 ( App. 1, Eqn 1 ) Density of ice, I?ice = 917kg/m3 ( Kotz, 2009 ) i Mass of ice, = 4962.8 kilogram ( App. 1, Eqn 2 ) Specifications 3- Heating Duty Latent heat of merger of ice= 333 kJ/Kg ( Bird, 2003 ) i Minimum warming responsibility = 1652.6 MJ ( App 1, Eqn 3 ) Specifications 4 – The utility de-icing fluid The atmospheric temperature in MSP airdrome during the de-icing season is 20oF ( -29oC ) therefore the replacement ADF stop deading point must be less than 20oC in order to keep its functionality. Additionally it must supply a freezing point depression of more than 20oC as a consequence of this ambient temperature. All the stakeholders agreed that merchandise safety is of topmost importance, so the replacement ADF should be less toxic than ethylene-glycol. Additionally they agree that the one-year natural stuff costs of the new cubing method should be less than that of the current method. Two ways to make this are to utilize less cubing fluid per plane in the first case ; this should be less than the 408 gallons per aircraft required by the current de-icing method ( App. 1, Eqn. 9 ) , or to recycle the de-icing fluid.GENERATION AND SCREENING OF IDEASThe squad worked separately and brainstormed together to assist maximize the figure of good thoughts that were generated. Whilst making so they reflected upon the merchandise specifications to and stakeholder demands to assist test thoughts.De-icing IdeasDe-icing boots – Rubber boots are attached to the front borders of wings on the plane. The aircraft inflates these boots with air to do ice that take ice that has accumulated on them. An unacceptable hazard of utilizing this method in MSP is that the system must be activated every bit shortly as a before an big ice bed can organize and hit other parts of the plane when it dislodges. Bleed air- In this method hot air from the aircraft engines is blasted on to the ice to run it. Although this could run ice really rapidly the airdrome director at MSP airdromes commented that incorporating heating systems on to aircraft is â€Å" non ideal for commercial planes because it ‘s expensive † . Mechanical Scraping/Blowing Employees use coppices, or fabrics to physically force ice off the aircraft. This method would be really easy to set into pattern at MSP because the equipment the required is really inexpensive. But it is more likely that harm will be done to aeroplanes as the employees scrape ice so the resulting aircraft care cost is could be really high. A propene ethanediol based de-icing fluid – Propylene ethanediol is a popular de-icing fluid and is regarded as non-toxic, hence it was chosen for farther probe.Decision MatrixThe interviews that were conducted with the stakeholders highlighted that some client demands are more of import than others. Although the importance of some specific demands differed in each stakeholder group four demands were systematically rated as indispensable. These standards were analysed in a determination matrix with weighing Markss taken from Table 1 Table 2- Decision Matrix which focuses on the alternate deinking methodsOptionEthylene Glycol( Benchmark ) APropylene GlycolInfrared + Propylene-glycolStandardsBurdeningtungstenRatingMarkRatingMarkRatingMarkSafetyA 5 2 10 4 20 7 35Life CostA 4 5 20 5 20 6 24SpeedA 3 A 5 15 A 4 16 6 18Environmental impactA 2 A 1 2 A 5 10 6 14EntireA 14 A 13 47 A 18 66 A 25 91 Harmonizing to this determination matrix the best de-icing solution should be based on a combination of infrared and propylene ethanediol de-icers is the best as this option has the highest sore. The 2nd best method would be to utilize an ADF which is based on propene ethanediol instead than ethylene ethanediol.SELECTION OF IDEASA comparing of ethylene-glycol and propylene ethanediols based de-icing fluidsThe most freezing point sedatives in aircraft de-icing fluids in the US are ethylene ethanediol ( EG ) and propylene ethanediol ( PG ) . Because PG and EG have a similar life-time cost, in this chapter the chemicals will be compared at a 50 % concentration by volume in footings of their safety, de-icing velocity and environmental impact because these are three of the most of import needs the stakeholders. Safety Ethylene ethanediol has a comparatively high toxicity when compared to Propylene-Glycol. It has been classed by the US Congress as a risky air pollutant ( HAP ) , if 2268 kilogram or more flights into the environment within 24 hours users are obligated to describe the event under the Comprehensive Environmental Response Compensation and Liability Act ( CERCL ) . However propylene ethanediol is non classified as a HAP, and users are non required to inform CERCL if it is released. Both chemicals are said to be non-lethal if worlds if they are breathed in with air or adsorbed through tegument. However, unlike PG, EG is toxic to worlds and mammals if it is ingested straight. Even though PG it is regarded as non-toxic it is still a wellness jeopardy because it uses O as it biodegrades which could do some beings to smother. De-icing Speed The freezing point of Propylene-glycol is -34oC which is somewhat higher than ethylene-glycol which freezes at -37oC. This is one of the grounds why MSP airdrome still uses EG. Another is that a lower volume of antifreeze is required for EG to accomplish the same freeze point depression as PG. MSP airdrome suffers severe conditions extremes so it needs to utilize an ADF which is dependable, particularly in highly cold conditions as this is by and large when it takes longer to defrost aircraft Propylene-glycol ‘s boiling point is 106oC whereas ethene ethanediol has a boiling point of 102.2oC for ethene ethanediol. In this instance Propylene-glycol is the better pick because it can reassign heat to frost at a higher temperature than ethylene ethanediol. Discussion There are some drawbacks with respect to utilizing ethylene ethanediol as a de-icing fluid, particularly refering its environmental impact. But, overall EG and PG have a similar de-icing public presentation degree.The Rate of Melting due to Heat Conduction EntirelyThe ADF is heated to 70oC before it is sprayed onto the plane, this heat entirely will do the ice to run through heat conductivity. The rate of this warming was calculated utilizing equation 1a, 1a ) Where Q= is the heat flow rate in the X-direction in kJ/s, A is the country normal to the way of heat flow in M2, dT/dx is the temperature gradient and K is the thermic conduction of ice The thermic conduction of ice at -20oC is 2.39 W/mK, the country normal to the way of heat flow is equal to the flying country of the Boeing 747 =541.2m2, the temperature alteration that occurs is ( 70oC- -20oc ) =90oC and the thickness of the ice x is 0.01m. Therefore the rate of heat transportation by the temperature of the de-icing fluid alone is 2a ) The reasonable heat is kJ ( App. 1, Eqn 12 ) The latent heat of merger is 1652612.4 kJ, ( App.1, Eqn 3 ) Summarizing the above gives the sum of het required to run the ice on a Boeing 747 from a starting temperature of -20oC which is Hence minimal clip that it would take to run the ice on the plane by heat conductivity entirely is This is a really fast clip, particularly as harmonizing to the undertaking brief, de-icing at MSP airdrome usually takes 10 proceedingss per plane. One ground ground for this difference is due to the fact that the ADF fluid is non ever in full contact with ice, merely its bottom surface is. Additionally these computations assume that heat transportation occurs over the whole of each flying equally, which is non the instance in existent life because de-icing fluid is sprayed onto the wing in different locations consistently. A concluding cause of this difference could be due to the fact that snow has a lower heat conduction, K, than ice and so any snow on a plane would take down the rate of heat transportation from the ADF.Entire SOLUTION TECHNOLOGYDrive-Through De-icingFigure 3 – An illustration of the thrust through de-icing engineering The concluding design construct was to carry on de-icing operations as a thrust through system. First the aircraft enters the Infrared airdock where and warm air blows snow of its wings whilst they are heated by infrared radiation for a typical continuance of 5-10 proceedingss. Ice on the plane thaws onto an inclined incline and the effluent is channelled into the waste aggregation zone. Water is channelled through bing storm H2O pipes into substructure to the located under the floor of the crop-dusting and waste aggregation country. The effluent is pumped out and transferred by a truck into the airdrome ‘s detainment pools. When the effluent has been removed compaction stoppers are removed and the plane moves into the spraying country. Here it is sprayed with propene ethanediol for up to 5 proceedingss to assist forestall any ice forming on it before takeoff. The propene ethanediol drains into a separate country of the aggregation chamber and is pumped to a detainment pool until it is due to be recycled. Finally the compaction plus are reinstalled so the system is ready to defrost another plane. Recycling Solution Minneapolis presently uses three Glycol Recovery Vehicles to roll up effluent. Using the IR installation eliminates the demand to defrost aircraft utilizing ethanediol by around 90 % , so no more of these vehicles will necessitate to be bought if the new engineering is adopted. Besides the airdrome has saved capital costs by utilizing their bing storm H2O drains to roll up both ethanediol and storm H2O. These storm drains can and should go on to be used if MSP airdrome adopts the Drive-Through De-icing system to salvage hard currency and clip during the installing of the new system. Harmonizing to ( Big book ) â€Å" Careful direction of the keeping systems enables the airdrome to roll up adequate effluent with high ethanediol concentrations to do glycol recycling/recovery economically feasible. † The bulk of ethanediol which is recycled is sold to makers who use it in other glycol-based merchandises. Analysis OF ECONOMIC VIABLITY Rate of return on investing ( ROI ) 3a ) Payback Time 3b )=2.5 old agesUnfortunately the payback clip on the thrust through de-icing method is non fast plenty to fulfill the Airport Directors at MSP who expect a payback clip of â€Å" 1.5-2 old ages † . A higher rate of return on investing would cut down the payback clip so it would be wise to look into extra ways to cut down the cost of de-icing utilizing this engineering, and ways to better its efficiency. Patent issues Because this entire solution engineering uses de-icing methods which have been used in industry antecedently, but it combines them in a alone manner it is hard to measure whether or non it can be patented. Furthermore, it is expected that it would take a long clip to patent the merchandise even if it were possible because of its complexness and usage of old de-icing thoughts. The writer has recommended that MSP airdrome consults a attorney sing these affairs if they do non necessitate to utilize the de-icing solution instantly. If MSP airdrome do necessitate to utilize the engineering instantly they might hold to pay licence fees to one or more patent proprietors. Decision The findings from this probe have shown that the solution engineering that MSP airdrome should utilize to better its aircraft de-icing solution involves utilizing infrared warming and a propene ethanediol as a utility chemical for ethylene-glycol. The procedure is called the â€Å" thrust through method † and the major advantages of this intercrossed solution are that it meets the demands of its stakeholders by being safe, holding a low life-time cost, fast aircraft de-icing rate and low environmental impact. Evidence of this has been provided through a determination matrix and several mathematical ratings. Unfortunately this solution has a payback clip of 2.5 old ages, so research should be carried out to uncover how to do the one-year rate of return on the investing higher. Finally, this intercrossed system uses patented engineering so MSP airdrome might hold to pay license fees for a figure of old ages if it used the thrust through method. However, after the payback period the one-year economy of $ 70,844,300 per twelvemonth outweighs any of these drawbacks. Further Recommendations Find ways to cut the operating cost of the Drive-Through De-icing system as this will raise the one-year rate of return that this engineering provides. If the rate of return is high plenty the payback clip will drop below 2 old ages and the airdrome directors in MSP will hold this demand fulfilled. Use hot air to blow snow off the aircraft in the IR airdock. This will assist to run the snow and ice excessively, nevertheless the cost of warmin+ 3.0g air may countervail the benefit of a faster de-icing clip. Nb, as shown by the weightings, tungsten, in Table 1, the life-time cost of the engineering is more of import that the de-icing velocity that it provides.MentionsBooks and DiariesBird J.O. , 2003, Science for technology, pp. 205, Newnes, 2003, UK Ketler P. , Mosher M. , Scott A. , 2008, Chemistry: The Practical Science, media enhanced edition, Cengage Learning, pp. 478, UK Kotz J.C. , Paul T. , Townsend R.J. , 2009, Chemistry and Chemical Reactivity, Cengage Learning, pp. 15, USA Tsokos K.A. , 2010, Cambridge Physics for the IB Diploma, pp. 172, Cambridge University Press, UK Sinnot R.K. , 2005, Coulson and Richardson ‘s Chemical Engineering Series: Chemical Engineering Design, pp. 439, Butterworth-Heinmann, UKOnline ResourcesMSP Airport, 2010, About Us, hypertext transfer protocol: //www.mspairport.com/about-msp.aspx, 24/10/2010 RSS Weather, 2003, Minneapolis-St. Paul, hypertext transfer protocol: //www.rssweather.com/climate/Minnesota/Minneapolis-St.Paul, 23/10/10 Airliners.Net, 2010, The Boeing 747-400, hypertext transfer protocol: //www.airliners.net/aircraft-data/stats.main? id=100, 20/10/2010 BBC, 25/10/2007, A380 superjumbo lands in Sydney, hypertext transfer protocol: //news.bbc.co.uk/1/hi/world/asia-pacific/7061164.stm, 19/10/2010 Energy Information Administration, October 2010, Electric Power Monthly, hypertext transfer protocol: //www.eia.doe.gov/cneaf/electricity/epm/epm.pdf, 15/10/2010 Wingss Magazine, 2007, Infrared De-icing: Giving glycol a tally for its money, hypertext transfer protocol: //www.wingsmagazine.com/content/view/1325/38/ , 23/10/10APPENDICIESAppendix 1Specifications 2 -The instance survey aircraft and its ice coverageThe mass of ice on a plane was calculated utilizing a worst instance scenario, which was that one of the biggest commercial rider planes ; the Boeing-747 ( BBC, 2007 ) needed to be de-iced. It was assumed that the top country of both its wings was covered by a 1cm thick bed of ice. Flying country ( Boeing-747 ) = 541.2 M2 Ice Thickness = 0.01m Ice Coverage 100 % of flying country ( 1 ) Density of ice, I?ice = 917kg/m3 ( Kotz, 2009 ) ( 2 )Specifications 3 -Heating DutyThe ice on the aircraft needed to be provided with adequate energy to get the better of its 333kJ/Kglatent heat of merger, L, to run. The sum of heat energy, Q, required to accomplish this was calculated utilizing Equation 3 ( 3 ) ( Bird, 2003 )Specifications 4 – The utility de-icing fluidIn this subdivision the volume of ethene ethanediol and propene ethanediol needed to defrost a individual Boeing-747 will be calculated and compared. The prosodies are based upon a 50 % by volume solution of each chemical. Volume of Ethylene Glycol Required The freeze point depression of an ideal solution is given by the expression ( 5 ) Where a?† Tf represents the freeze point depression, m, is the solute concentration and Kf represents the freeze point depression invariable of H2O which is 1.86A °KA ·kg/mol ( Kilter P. , Mosher M. and Scott A. Andrew Scott, 2008 ) The coveted freeze point depression, a?† Tf is 20oC because winter temperatures in MSP autumn to that temperature, harmonizing to the undertaking brief. ( 6 ) The figure of moles of ethanediol required to accomplish the freeze point depression: ( 7 ) The chemical expression of ethylene-glycol is CH2OHCH2OH Mr Carbon = 12, Oxygen=16, Hydrogen=1 iMr ethene ethanediol = 2*16+2*12 + 1*6= 62 g/mol Therefore the mass of ethylene-glycol required per plane is: ( 8 ) The denseness of UCAR ADF at 20oC is 8.9 lb/gal ( US ) ( 1.07 kg/L ) ( SAE AMS 1424 Ethylene Glycol-Based Type I Fluids page 8 ) Therefore the volume of ethylene-glycol required is at least 408 US gallons ( 9 ) Because the de-icing fluid used in MSP airdrome is 50 % ethylene-glycol and about 50 % H2O, defrosting a individual plane would necessitate duplicate the sum of ADF which works out at 6,184 liters.The cost of ethene ethanediol per aircraftIn general the chemical constituents in de-icing fluids, such as H2O, have a sum cost which is well less than that of ethylene-glycol. Hence the cost of these constituents in de-icing unstable solutions as deemed insignificant and ignored. Harmonizing to the airdrome director that was interviewed the minimal cost of a gallon of ethene ethanediol is $ 5 per US gallon ( 10 ) In MSP airdrome there is an norm of 293 takeoffs per twenty-four hours from 5 de-icing tablets ( MSP Airport, 2010 ) Assuming that during the de-icing season in MSP lasts 157 yearss and every plane needs to be de-iced the one-year cost of ADF is about ( 11 ) Reasonable heat required Harmonizing to the undertaking brief winter temperatures in Minneapolis Saint Paul autumn to-20oC. Ice must be brought to its runing point of 0oC before it can undergo a stage alteration from solid to liquid. Where Cp is the specific heat capacity of ice at -20oC which is 2 kJ/kg/K, ( Tsokos KA, 2010 ) , m is the mass of ice and a?† T is the temperature difference ( 12 ) Harmonizing to Wingsmagazine ( 2010 ) Ian Sharkey, the manager of de-icing services, with Radiant Aviation Services stated that during an ice storm on March 15-16, 2007 his squad had an â€Å" norm aircraft â€Å" block † clip ( aircraft brakes on to brakes off ) of less than 43 proceedingss for big aircraft † hence it was assumed that the Boeing 747 could be de-iced in this timeframe every bit good. This information was used to gauge the power that the IR deice would necessitate to convey the ice on an aircraft from -15oC to 0oC in 43 proceedingss, ( 13 ) Latent heat required Next was calculated which is the power needed to run the ice on the aircraft at 0oC in 47 proceedingss. ( 14 ) Therefore the entire power needed to run ice on the aircraft in 43 proceedingss by utilizing infrared deink engineering, QIR is ( 15 ) To do the value of QIR more realistic some premises refering the sum of energy loss, between the heat beginning and the wing were added. From this the excess power that the optical maser will necessitate to give out in order to get the better of the inferred energy lost as between the beginning and its finish ( transport efficiency ) and the energy lost due to contemplation by the ice on the surface of the wing ( absorption efficiency ) was calculated. Laser device efficiency, I ·laser=0.33, Transport efficiency, I ·transport = 0.75 Absorption efficiency, I ·absorbtion =0.75 The optical maser device, conveyance and soaking up efficiencies cut down the sum of energy that heats the ice. This is called the efficiency loss, 1-I ·i, and it was calculated as follows,( 16 ) Hence, ( 17 ) Similarly, ( 18 ) Hence, the per centum excess energy, , required to cover for these energy losingss is ( 19 ) In existent footings ( 20 ) From this the entire IR power required to run ice from ice from its initial temperature of -20oC ( 21 ) = 586kW+227.9kW +1090.5kW= 1904.4 kilowattCost of de-icing utilizing IR energyConvert to kWh, The entire IR energy demand was converted into kWh as the de-icing clip of about 43 proceedingss for a Boeing 747 in highly rough conditions ( wingsmagazine, 2010 ) ( 22 ) In Minnesota during 2010 the â€Å" Average Retail Monetary value of Electricity to Ultimate clients † within was $ 0.068 per kWh ( Electric power monthly, 2010 ) Therefore the estimated the cost of defrosting a Boeing 747, by IR radiation in 43 proceedingss is: ( 23 ) We must account for the cost of anti-icing fluid ; this 10 % of the normal sum of ethanediol ( 24 ) Hence, ( 25 ) This system runs for 157days, with 293 takeoffs per twenty-four hours which gives an one-year running cost of approximately $ 26.8 million per tablet. ( 26 ) The capital cost of the IR de-icing tablets The JFK airdrome is a hub airdrome runs commercial rider flights in a similar manner to the the MSP airdrome. The JFK airdrome cost â€Å" $ 9.5-million † and can keep big aircraft such as the Boeing 747, which this study focuses on. Due to these similarities it can be assumed that the cost of the IR installation in 2010 will be around US $ 9.5 million every bit good. However a cost index should be used because the IR installation in JFK airdrome was commissioned in 2006 ( Wingsmagazine, 2010 ) The cost of the hanger was scaled up utilizing the CEPCI, so that it would be accurate for 2010. The latest information available to us was the CEPCI for 2008, it was 575.4 so and as of April 2010 it is 55.3 ( Access Intelligence, LLC 2010 ) . Taking this into history an estimation of the cost of the hanger in 2010 was made. ( Eqn 27 ) ( 27 ) There are five IR de-icing tablets so the entire capital cost is $ 49,219,345 Fixed cost – Staff fees The IR airdock, spray country and aggregation country will each hold a supervisor and operator, working an 8 hr, 9AM-5PM displacement for 5 yearss per hebdomad. Their wages will be ?18,000 ( technician ) and ?24,000 ( supervisor ) . The senior director for each de-icing tablet will hold a wage of $ 30,000. MSP will necessitate 5 new IR de-icing tablets to replace the 5 EG de-icing tablets that they presently use.

Russian History Questions

Name _________________________________ Date __________ Period ___________ Researching Russia Directions: Using the reference materials (including but not limited to the Internet, almanacs, atlases, encyclopedias, and books), research the answers to the following questions. The Internet is a useful source but you should make use of other resources should it not be available! 1. On November 1, 1993, the parliament of the Russian Republic of the USSR granted Russian President ______________________ broad power to begin radical economic reforms. 2. In 1991, the population of Russia was estimated at ________________________. 3. In the ninth century, Scandinavian chieftains established the first Russian state, centering it on ___________________ and Kiev. 4. When did Lenin die? _____________ How did he die? _____________________ 5. The ‘900-day siege’ of Leningrad lasted from June 1941 until January ___________. 6. When did Stalin die? ________ How old was he? _______ 7. In the late 1960s and early 1970s, massive Soviet military aid to __________________ helped assure communist victories throughout Southeast Asia. 8. Russia comprises over ________% of the total area of the former USSR and has ____________________ square miles, making it the largest country in the world. 9. What is the current life expectancy for Russian males? 10. The Russian monetary unit is the _________________. 11. The breed of cat known as the Russian blue is distinguished for its vivid ___________ colored eyes and the _____________ quality of its blue-gray coat. 12. Who is the author of War and Peace? 13. Who is the author of The Brothers Karamazov? 14. Which Russian author was awarded the Nobel Prize for literature for Doctor Zhivago but declined the prize? 5. Leningrad’s St. Isaac’s Cathedral on Decembrists’ Square was designed by French architect ______________________ and built between 1819 and 1858. 16. The _______________, or Russian wolfhound, was first imported into the United States in 1889. 17. In 1854, British poet Alfred Lord Tennyson made Balaklava famous in his poem _______________________ ________. 18. On January 22, 1904, George Melitonovich Balanchivadze was born in St. Petersburg, Russia. He gained a reputation for the foremost representative of neoclassicism ballet. His professional name was __________________________. 9. Russian physiologist Ivan Petrovich Pavlov is best known for what experiment? ____________________________________________________________ _________ 20. In 1910, Russian ballerina Anna Pavlova made her American debut with Russian dancer ______________________ at the Metropolitan Opera House in New York City. 21. Which Russian chemist compiled the ‘periodic table of elements? ’ ______________________________________ 22. On what date was the Russian Sputnik I put into orbit? ______________________ 23. On what date was the Russian Sputnik II put into orbit? ______________________ 24. September 17, 1957, was the 100th anniversary of the birth of Russian rocket pioneer Konstantin E. _________________________. 25. On January 2, 1959, unmanned interplanetary flight was proved feasible when the Soviet Union’s Mechta entered into orbit around the sun. 26. The Volga River is ________ miles, or ________ kilometers long. 27. What was the name of the imperial family that ruled Russia from 1613 until 1917? _______________________________ 28. The age of romanticism in Russian literature is from the late _________ until the early 1840s. 29. Who wrote The Twelve (1918)? __________________ 0. During World War II, the Soviet Union and Finland fought each other in two wars. The ‘Winter War’ was from 1939 to __________________. The ‘Continuation War’ was from 1941 until ______________. Who lost both wars? 31. When did the Russo-Japanese War begin? ____________ 32. When did the Russo-Japanese War end? ___________ 33. Catherine the Great (1729-96) ru led Russia for _________ years. 34. In what year did construction of St. Basil’s Cathedral begin? 35. The breed of dog known as the borzoi originated in Russia in the 1600s. Its average weight is __________ to ___________ pounds. 36. When World War I broke out, Russian-born composer Igor Stravinsky settled in what country? _______________________ 37. In which direction would you travel if you drove from Tula to Moscow? __________ 38. The island Great Lyakhov is in the _____________ Sea. 39. Who wrote Boris? _____________________________ 40. The ‘900-day siege’ of Leningrad during World War II caused ____________ deaths. 41. Russia is ____________ times the size of the United States but has a population of less than _______% percent of the people in the United States as of 2000. 42. What is the per capita Russian income? _____________________ 43. What is the life expectancy for Russian females? _____________ 44. In 1967, the Soviet government produced a film adaptation of Leo Tolstoy’s War and Peace in commemoration of 50th anniversary of the Revolution. The Russian language version of the film ____ hours and _____. 45. ____________________ delivers gifts to Russian children on New Year’ s Eve. 46. In which direction would you travel if you drove from Moscow to St. Petersburg? __________________________ 47. The ________________ Mountains form a dividing line between Asia and Europe. 48. The _____________________ Strait separates Russia and Alaska. 49. Tsar Nicholas II was married to the granddaughter of Queen _____________ of England. 50. Name the son of Tsar Nicholas who suffered from hemophilia. _______________ 51. Twenty-three of the _________________ volcanoes on Kamchatka Peninsula are active. 52. The Caucasus Mountains are composed of limestone and ______________ rocks with some volcanic formations. 53. The Caspian Sea has a surface area of about ________________ square miles. 54. In December, Moscow averages _______________ days with overcast skies. 5. St. Isaac’s Cathedral is located on ______________ Prospect, a famous thoroughfare in Leningrad. 56. In the late 1980s, the population density of the USSR was _______ persons per square mile. 57. In the mid-1980s, the population density of the USSR was _______ persons per square mile. 58. The State _______________ Museum in Leningrad is considered to be one of the world’s great museums. 59. Valent ina V. ___________ was the first woman to orbit the earth. 60. The ___________________ Railroad runs north of the Trans-Siberian Railroad. USS

Nairobi Securities Exchange

Investors use earning information to calculate the level of cost of equity capital. The cost of equity for a firm is computed by adding up the risk free rate and a premium for exposure to systematic risk as follows: Cost of equity = Risk-free rate + (risk measure) x (Market risk premium) 1.4 Nairobi Securities Exchange The Nairobi Securities Exchange offers a trading platform for both the local and international investors who are looking to gain exposure to Kenya and Africa's economic growth. NSE play a critical role in the growth of Kenya's economy by encouraging savings and investment by helping local and international companies access cost-effective capital. NSE is regulated by the Capital Markets Authority of Kenya. CMA approves public listing and fosters investor's confidence by ensuring rules, regulations and requirements for trade are complied with and market integrity is sustained in order to guarantee orderly, fair and efficient markets (CMA, 2016). CMA retains investor's confidence by ensuring rules, regulations and requirements for trade are complied with and market integrity is maintained. CMA also plays an important responsibility of mobilization and allocation of capital resources in the economy in order to provide incentives for long term investments (NSE, 2016) In Kenya, listed firms are required to produce quarterly, semi-financial statements and audited annual reports. Financial statements are prepared according to International Financial Reporting Standards (IFRS) and audited using International Standards on Auditing (ISA). The CMA guidelines encourage firms to disclose additional information on director and management remuneration (CMA, 2016). The performance of the NSE is an indication as to whether the investors have trust in the safety of their investment, trading goes down significantly with low investor's confidence.NSE is categorized into three different market segments namely the Main Investment Markets (MIMS), the Alternative Investment Markets (AIMS) and the Fixed Income Securities Market Segment (FISMS). According to CMA (2017) as at December 2017, listed companies at the NSE were 64, categorized into 11 sectors namely: Agricultural sectors, Automobiles and Accessories sector, Banking sector, Commercial and Services sector, Construction and Allied sector, Energy and Petroleum sector, Insurance sector, Investment sectors, Manufacturing and Allied sector, Telecommunication and Technology sector and Growth and Enterprise Market Segment sector Banking sector is the largest sector represented with 18% of the total firms listed at the NSE, second is commercial and Services sector and Manufacturing and Allied with 15% each, Agricultural sector which is one of the country major economic sector is represented by 11% of the total firms quoted. Telecommunication and Technology and Growth and Enterprises Market sectors were the lowest each with 2% of the total firms quoted. Through NSE, disclosures have had an impact on how investors trade, when the level of disclosure is high, investors confidence increases hence higher level of trading. The CMA guidelines encourage firms to disclose additional information on director and management remuneration (CMA, 2016). The performance of the NSE is an indication as to whether the investors have trust in the safety of their investment, trading goes down significantly with low investor's confidence.1.5 Statement of the Problem Inherent shortcomings of traditional reporting have prompted development of voluntary disclosure models. Transparency and disclosure creates and sustains confidence of investors, stakeholders and the winder society and provides opportunity for continuous improvement of business structure and processes. Corporate governance is currently an area broadly being researched on by many scholars, due to increased application of corporate governance practices all over the world after major corporate scandals due to lack or improper disclosure. This study targets one pillar of corporate governance on the cost of equity capital, which is voluntary disclosure. Disclosed information provides a signal with an aim of revealing the state of a company to the investors for consideration in investment activities. Information has important and vital role, information should be understandable, complete, accurate, timely and reliable (Fahdiansyah, 2013). Information is considered informative if it is relevant and can change stakeholder's belief and gives confidence to investors. Annual reports are important tools in communicating essential information about a company both financial and non financial information (Barako, 2007). The key drivers of corporate value in critical areas of the business are not reported under the traditional accounting model, as such theorist and researchers have begun to develop models for additional voluntary information disclosure. The concept of voluntary disclosure has been growing given the needs to keep with the clients expectations. Investors and clients have challenged companies on the need to provide more than what is required by the law and regulations. In Kenya, investors obtain essential information regarding trading activities of listed companies in NSE through their annual reports and other bulletins from CMA. Studies done in Kenya context include a study Mwangi and Mwiti (2015) investigated the impact of voluntary disclosure on stock performance, Mutiva (2015) examined the effect of voluntary disclosures on financial performance of firms quoted at NSE, Lopokoiyit (2012) investigated the effect of the corporate governance practices on share prices of companies listed at the NSE, these studies found a direct relationship between voluntary disclosure and company performance. Study by Asava (2013) investigated the effect of voluntary disclosure on stock returns of listed companies, her study reveals that there was no correlation between voluntary disclosure and stock returns. Barako (2007) in his study of determinants of voluntary disclosure in Kenyan listed company's' annual reports, observed that companies cannot link their board disclosure, foreign ownership and firm size significantly affect financial performance. Studies by Diamond and Verrecchia (1991), Botoan (1997), Hail (2002), Botosan and Plumlee (2002), Richard and welker (2001) and Lopes and Alencar (2008), shows a negative association between voluntary disclosure and the cost of equity capital using direct approach. However these studies were done in developed economies with few studies done in the context of developing nations, these studies tested the association between voluntary disclosure and several aspects such as profitability (Verracchia and Webber, 2006) stock liquidity. However most of these literatures are leaning more on factors that influence the extent of voluntary disclosure. Literatures from previous studies conducted locally have skewed more to factors that influence extent of voluntary disclosures with few on the effect of voluntary disclosure on the cost of equity capital on firms listed in NSE, the motivation of this research is developed by the fact that majority of past research have given conflicting arguments creating a dilemma that necessitates further research on the effect of voluntary disclosure on the cost of equity capital of firms in Kenya. 1.6 Objective of the study The general objective of this study is to examine the effects of voluntary disclosure on the cost of equity of capital. The following are the specific objectives.i). To examine the effect of forward-looking information voluntary disclosure on the cost of equity capital.ii). To determine the effect of financial information voluntary disclosure on the cost of equity capital.iii). To evaluate the effect of corporate social responsibility information voluntary disclosure on the cost of equity capital. iv). To establish the effect of Board information voluntary disclosure on the cost of equity capital. 1.7 Research question The study will be guided by the following research questions.i. What if the effect of forward-looking information disclosure on the cost of equity capital?ii. What is the effect of financial information disclosure on the cost of equity capital? iii. What is the effect of Corporate Social Responsibility information disclosure on the cost of equity capital? iv. What is the effect of Board Size information disclosure on the cost of equity capital? 1.8 Significance of the study Voluntary disclosures provide an extra way for investors to judge a company's performance. This study will therefore enable the investors to make better investment decisions and better capital allocations. It will also emphasize on increased transparency which reduces information asymmetry that may exist between the investors and the management team. This study will likewise extend the literature on voluntary disclosure to academicians. The study will also help listed and unlisted companies in Kenya in understanding the role of voluntary disclosure in the management of their firms with aim to reduce cost of its equity capital.CHAPTER TWO LITERATURE REVIEW2.1 IntroductionsThis chapter introduces theories that explain the subject of voluntary disclosure and past empirical studies relating to the variables under the study.2.2 Theoretical ReviewReporting and disclosure are the most important tools that companies use to communicate with interest-related parties. Several theories have been documented to relate voluntary disclosure. They are Agency theory, Capital Need theory, Signaling theory and Stakeholder theory. Literature review presents theories about the subject of voluntary disclosure. 2.2.1 Agency TheoryAgency theory was developed by Jensen and Meckling in 1976 who defined agency relationship as a contract under which one or more persons delegate decision making authority to another person to perform some services on their behalf. Agency theory explores the relationship between a principal and an agent. In the context of a company, the manager (agent) acts on behalf of the shareholder (Principal). Company owners empower managers to make decisions on their behalf. Shareholders do not actively participate in the management of their investments instead they engage managers to act on their behalf. This makes managers have information advantage hence creating incentive to maximize their own value as opposed to that of the shareholders. Scott (2012) stated that the application of agency theory is used to explain the conflict of interest between managers and investors. The agency problem arises due to conflict of interest between the investors and management because their goals are not in agreement. Agency theory is concerned with solving two problems arising in the agency relationship: an agency problem arises when there is a conflict between the goals of the principal and that of the agent making it difficult for the principal to accurately evaluate and determine the value of decision made by the agent. Secondly problem of risk sharing arising from diverse attitude of the principal and the agent towards risk, the problem is each tends to select a different action when the risk happens (Depoers, 2000). One way in which agency problem can be minimized is by means of contract, it helps in bringing shareholders interest in line with managers' interests (Healy and Palepu, 2001).These contracts require management to disclose relevant information to investors and to creditors. Consequently principal can check if the management complied with the contract agreements and evaluate if their decisions are in alliance with their interest, monitoring managers by mean of contract comes with a cost at the expense of manager's compensation and in order to reduce any potential conflict, principals incur monitoring costs while agents incur bonding costs which guarantees the interest of the principal is prioritized. Agency costs are the total of monitoring costs, bonding costs and residual loss. According to agency theory, disclosing information voluntary is viewed as a better mechanism of mitigating the agency problem between the agents and principals (Hawashe, 2014). Managers who posses private information about a firm are able to use their information they posses to make credible and reliable communication to interested parties to optimize the value of the firm (Barako, 2007), these disclosure may include investment opportunity and financing policy of a company, however managers who pursue their own interest may fail to make proper information disclosure. Managers increases the level of voluntary information which is expected to reduce the agency cost (Barako et al., 2006) and also to convince the external users that managers are acting in an optimal way (Watson et al., 2002). OCED (2004) states that a strong disclosure policy is one of the expected monitoring forms that is useful as a basis of adequate information for investment decision making by investors. 2.2.2 Capital Need TheoryThe main aim any company is to attract external finance to increase their capital either through debt or equity, however companies are disclosing more information voluntary as a measures of minimizing costs of raising its capital. The capital need theory can help to explain the reasons behind the disclosure

Patient Safety and Medication Administration in Nursing Research Paper

Patient Safety and Medication Administration in Nursing - Research Paper Example The understanding that is developed is that in order for a nurse to avoid medication errors, the nurse ought to ensure that whatever medication is being administered is being given in the right format (Elliott M and Liu Y. Zhang, Patel & Johnson believed that nurses must ensure that all these right procedures are followed but Conrad et al. (2010, p. 141) on the other hand stated that it may not all medications that would have to go through all the 9 rights but at least in all cases, 5 of these should be used. Reflecting on the 9 rights, Palmieri et al. (2009, p. 36) noted that the 9 rights have been made to cover aspects of medication, which when ignored, can lead to serious errors with the administration. To have a better understanding of how the 9 rights helps to prevent or minimize errors, Elliott M1, Liu Y. stated that one may simply turn the ‘right’ to ‘wrong’ and know the effect that a refusal to abide by the procedures can bring. Another important int ervention that has been noted to be very effective with the minimization of errors is the organization of medications within the medication room (Alldred et al. 2008, 320). In order jurisdiction, this is referred to as sorting, labeling, or nomenclature (Alldred et al. 2008, 321). Nurses have been noted to make the Accidental mistake of confusing the labels of some medical products for others. Because of this when there is a mixture of drugs with similar packages, the chances that there will be mix up leading to errors are higher.

Baroque and Rococo Essay Example | Topics and Well Written Essays - 1250 words

Baroque and Rococo - Essay Example It is typified by bold, curving forms and elaborate decoration and ornamentation. Rococo is an architectural design characterized by simplicity, the variant colour shade, frivolity and freedom of brushwork. The rococo architecture style is characterized by elaborate curves and scrolls, intricate patterns, delicate details, ornaments, asymmetrical shapes and light colours. Although, and pride of the owner they differ in some aspects, these two styles share some similarities. The baroque and rococo were two stylistic periods that conveyed tow entirely different sensibilities; while one was heavy-handed and complex, the other conveyed simplicity and fanciness and pride of the owner. Thus, the difference between the two styles can be summed up in terms of function, mood and method or design. Architectural style involves some collective aspects that distinguish a building from the rest of the architecture. These details transform an ordinary building to a unique piece of art that is satis factory to the eye. Baroque and rococo were developed at a time when customers demanded luxury design that was magnificent. It would glorify their power and pride of the owner. Thus, was preferred by nobles, monarchs and churches. Both styles attempt to reveal and arouse highly emotional effects in their designs. Baroque designs are magnificent and appealing and appear amazing as do rococo designs. They excite all primarily due to their luxury and outlook of their ample space and imposing dà ©cor.

I don't have a topic but want something in the line of Essay

I don't have a topic but want something in the line of IT,telecommunication or netorking - Essay Example takes place regularly and firms that are able to keep pace, have experienced enhanced performance, reduced costs, shorter lead times and better service delivery. It also revealed that along with technology, people have to be trained to use the technology. Integration of technology has to be aligned with the business objectives and information flow is paramount to the success of IT implementation. Uncertainties and risk cannot be avoided in technology but can be minimized with the right application and training of personnel. This study would have managerial impact on the use of IT in supply chain management. The study has limitations as some technology could have been overlooked. This study has added to the existing knowledge because under one umbrella the latest technology and its impact have been reviewed across different industries which employ supply chain management for their operations. Information Technology (IT) is changing the world; it has become infused in life and it brings many challenges with it. Every aspect of management today requires information on which to build the organization. Nothing moves without information but mere information is not power. Information is no doubt the most vital asset that an organization possesses but the sheer volume of information that flows in an organization makes it essential for the managers to understand its importance. Strategic decisions are taken on the information and information changes by the minute. The right dissemination and application of information is power. The conversion of data from internal and external sources into information requires the use of information technology. It helps in enhancing the decision making process, enhances the operations, helps in overall growth of the company. It includes hardware, software, people, communication system, and the data itself. Information Technology can be used in a ny type of company be it manufacturing, retailing, or the service industry. While IT can be