Micro economics individual project Essay Example | Topics and Well Written Essays - 500 words

Micro economics individual project - Essay Example This article published in New York Times on October 13, 2011 is titled as â€Å"Auto Bailout Done, Obama Looks for Payback† and has been written by Jeff Zelney.1 Though this article discusses mostly the political side of the Obama Administration and its plans to win the next election however, it critically links as to this has important economic implications too. After 2007’s recession, two industries were badly affected i.e. the financial services sector as well as the auto industry. US government offered bail out plan to some of the largest automakers in the country in order to make the industry survive the current wave of economic depression. Most notable beneficiaries of the Federal funding included General Motors as well as Chrysler. By allowing these organizations to have equity support, government actually attempted to correct the demand and supply balance within the auto industry. After receiving support from the government, auto sector responded through downsizing, cutting costs as well as improving their processes. It has been mentioned that the auto industry specially the bigger players in the market are responding to the situation and are slowly coming out of the recessionary conditions. This article therefore clearly mentions that with the help of the government intervention, industry survived one of the most difficult periods in its history. This article therefore clearly establishes the conditions in two different periods and how the government intervention can actually help organizations to correct the supply and demand mechanics within a free market economy. In order to reduce the market anomalies as well as lessen the impact of externalities, it is important that the government must intervene in the market. The timely intervention of the government in the market affairs therefore can gradually help the markets to

Management Coursework Essay Example | Topics and Well Written Essays - 2500 words

Management Coursework - Essay Example Thus container shipping was one of the early industries to become heavily reliant on operational computer systems. However, it is one thing being able to access all the information in your computer systems on your own premises, but the true benefits from technology are only really experienced to the full when you have the ability to communicate this information wherever and whenever it is needed. State-of-the-art communications are fast becoming a necessity in today's international freighting and transport industries. Sophisticated logistics chains, offering a fast and flexible response to customer demands, require an accurate flow of information for tracking, planning and control. An efficient, streamlined system such as this is essential in order to meet the demands of the "just-in-time" concepts developed by the manufacturing industry whereby every stage of the process is timed to perfection. Everything required, no more no less, is in the right place at the right time, thereby saving huge amounts of time and money associated with stock inventories. Fast and efficient planning, stowage and tracking of cargo are the freighting and transport industry's response to manufacturers' needs. (Lakshmanan, 2001) From the outset, many sectors of the shipping and containerization industries saw electro... EDI standards was closely monitored by the industry and a message development group was set up early in the life of the EDI Association to consider new Electronic Data Interchange for Administration, Commerce and Transportation - or trade (EDIFACT) standards for the shipping industry. In the deep-sea trade, a single container vessel can currently carry in excess of 4,000 containers. Typically, for example, a vessel will load containers at four or five ports in Europe for discharge at any of six or more ports in the Far East and it will additionally discharge and load containers at two further ports on the way. It is, therefore, a complicated exercise to keep control of the stowage plan such that all loading ports can add their cargo to the ship efficiently and with the minimum movement of the containers already on board. Additionally, the ports where cargo is to be unloaded are required to be able to access their containers easily and without having to move other containers in the process. (Shipley, 2003) A stowage plan of a container vessel is called a bayplan. A bayplan, in paper form, is a series of diagrams consisting of each cross-section of the ship or a list of each possible location on the ship and its contents. In EDIFACT terms, a bayplan is a UNSM called BAPLIE, which consists of a header section with information identifying the vessel and then a group of segments which is repeated for each container on board and containing relevant information about the container including its position on the ship, its loading and destination ports, the nature of the goods carried and the conditions under which it should be stowed on board. Traditionally, the bayplan was transmitted between port container terminals and ship planners by telex or by fax - typically in the Far