Bus405 Final Project

Final Project Ashford University Trena Mealor Dr. James Prentice August 27, 2012 ? Final Project Investing in the total stock market allows an investor to capture the return of the stock market while at the same time diversifying an investment portfolio. The easiest way to build a total stock market portfolio is with a mutual fund or an exchange traded fund. This particular portfolio is diversified with Vanguard ETF’s that were carefully chosen to seek the highest return with moderately aggressive to aggressive risk strategy.The investment strategy associated with this portfolio is short-term with an aggressive attitude of â€Å"more risk more reward†. 7/24 priceInvestment Amount# of Shares8/13 priceValue Vanguard Consumer Discretionary ETF – (VCR)67. 8910000147. 2970971. 7410567. 0932 Vanguard Financial ETF – (VFH)30. 2510000330. 578531. 5810439. 6690 Vanguard Growth ETF – (VUG)66. 9110000149. 454570. 4810533. 5531 Vanguard Information Technology E TF – (VGT)66. 9310000149. 409871. 7710723. 1413 Vanguard Intermediate-Term Corporate Bond ETF – (VGIT)86. 9410000115. 154386. 579968. 9077 50,00052232. 36Exchange Traded Funds, also known as ETFs, are mini-portfolios of securities and derivatives that track an asset like an index and/or commodity. When creating a portfolio, it is important to note that there is a difference between diversifiable risk and market risk. According to Elton (1977), diversifiable risk may be caused by random events that are particular to an individual firm. Since these events are random, the influence of events, such as a lawsuit or strike can be almost eliminated via diversification. However, diversification cannot entirely eliminate market risk. Market risk ffects most firms. Examples of market risk include war, recessions and high interest rates. By researching the portfolio funds, the investor can gain an understanding of risk and how it fits into diversification. A single stock has more risk of not creating a positive return than a stock portfolio. In a market dominated by risk-averse investors, riskier securities must have higher expected returns Ross, Westerfield & Jordan (1993) indicates, the principle of diversification tells us that the spreading of an investment across a number of assets will eliminate some but not all the risk.Unsystematic risk is essentially eliminated by diversification, so a relatively large portfolio has almost no unsystematic risk. Ong (1982) mentions that diversification can reduce the overall portfolio risk. However, the possibility for the risk reduction depends on the correlation coefficient and the proportion of the total funds invested in each. According to Jordan, etal (2012), the benchmark for a well-diversified portfolio would be a portfolio of all stocks in the market. Relevant market risk of the stocks within the portfolio is calculated using a beta coefficient.Accordingly, a stock with a high beta will bring a lot of risk t o the portfolio. The authors further explain, as you calculate the beta for various stocks, you may begin to see groupings of low, average and high beta risk. Beta measures the stock’s risk relative to the stock market average. Calculate the weighted average of these groupings, and you will discover the market risk for the entire portfolio. A â€Å"low† beta is generally 1. 0 or below. The average beta is 1. 00 and assets with a beta greater than 1. 00 have more than average systematic risk.Rosenberg and Guy (1995) further explain the importance of beta as the value of beta measures the expected response to market returns and because the vast majority of returns in diversified portfolios can be explained by their response to the market, an accurate prediction of beta is the most important single element in predicting the future behavior of a portfolio. To the degree that one believes that one can forecast the future direction of market movement, a forecast of beta, by predicting the degree of response to that movement, provides a prediction of the resultant portfolio return.To the degree that one is uncertain about the future movement of the market, the forecast of beta, by determining one's exposure to that uncertainty, provides a prediction of portfolio risk. We begin with the first description of the portfolio. Unlike mutual funds or index baskets, the investor does not have to make multiple transactions in order to achieve a market price. With ETFs it's one trade, one price. The first fund in this portfolio is Vanguard Consumer Discretionary ETF. From July 24, 2012 to August 13, 2012 the value has risen from $67. 9 to $71. 14. The annual investment returns of this ETF are: Annual investment returns as of 12/31/2011 (Vanguard, 2012) Year EndedVanguard Consumer Discretionary ETFSpliced US IMI Consumer Discr 25/50* Capital Return by NAVIncome Return by NAVTotal Return by NAVTotal Return by Market PriceTotal Return 20112. 28%1. 42%3. 71%3. 70%3. 83% 201029. 30%1. 27%30. 57%30. 62%30. 87% The Vanguard Consumer Discretionary ETF is generating 0. 16% of daily returns assuming volatility of 0. 71% on return distribution over 30 days investment horizon.MERGENT online indicates, the one month beta on this investment is 1. 03. This EFT includes stocks of companies that manufacture products and provide services that consumers purchase on a discretionary basis. The following risks are associated with this type of ETF: Stock market risk, Sector risk, Non-diversification and Investment style risk (Vanguard, 2012). Vanguard Consumer Discretionary ETF fund’s manufacturing segment includes the following industries: automotive, household durable goods, textiles and apparel, and leisure equipment.The services segment includes hotels, restaurants and other leisure facilities, media production and services, and consumer retailing. The next fund in this portfolio is Vanguard Financial ETF, which includes stocks of companies that provid e financial services. The investment has a one month beta of 0. 73 which indicates that the investment is 73% less risky than the average. This ETF fund is classified as aggressive is subject to extremely wide fluctuations in share prices.The unusually high volatility associated with these funds may stem from one or more of the following strategies: a concentration of fund holdings in a relatively low number of individual stocks, or in a particular sector of the stock market, or in a particular geographical region of the world; a heavy emphasis on small-capitalization stocks or growth stocks with relatively high market valuations; holdings of international stocks or bonds, which are subject to price declines caused by changes in the value of the U. S. ollar against foreign currencies; or investments in bonds that have exceptionally long average durations, whose prices are highly sensitive to changes in interest rates. According to the Wall Street Journal online, the annual investmen t returns of this ETF: Annual investment returns as of 12/31/2011 (Vanguard, 2012): Year EndedVanguard Financials ETFSpliced US IMI Consumer Discr 25/50* Capital Return by NAVIncome Return by NAVTotal Return by NAVTotal Return by Market PriceTotal Return 2011-16. 04%1. 69%-14. 35%-14. 35%-14. 24% 201013. 15%1. 58%14. 74%14. 77%14. 7% Vanguard Financials ETF seeks to track the investment performance of the MSCI US Investable Market Financials 25/50 Index, a benchmark of large-, mid-, and small-cap U. S. stocks in the financials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies involved in activities such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including REITs).The next ETF in this portfolio is the Moderately-Aggressive Vanguard Growth ETF with a closing p rice of $66. 91 on July 24, 2012 and an ending close of $70. 48 on August 13, 2012. The one month beta on this investment is 0. 99 with a positive strong direction. Annual investment returns as of 12/31/2011 (Vanguard, 2012): Year EndedVanguard Growth ETFMSCI US Prime Market Growth Index* Capital Return by NAVIncome Return by NAVTotal Return by NAVTotal Return by Market PriceTotal Return 20110. 0%1. 27%1. 87%1. 84%1. 96% 201015. 66%1. 46%17. 11%17. 15%17. 23% An investment in this the fund could lose money over short or even long periods. The investor should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. Vanguard funds classified as moderate to aggressive are broadly diversified but are subject to wide fluctuations in share price because they hold virtually all of their assets in common stocks.In general, such funds are appropriate for investors who have a long-term investment horizon (ten ye ars or longer), who are seeking growth in capital as a primary objective, and who are prepared to endure the sharp and sometimes prolonged declines in share prices that occur from time to time in the stock market. This price volatility is the trade-off for the potentially high returns that common stocks can provide. The level of current income produced by funds in this category ranges from moderate to very low.The type of risks associated with this investment is: stock market risk and investment style risk. The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of falling stock prices. The fund’s target index may, at times, become focused in stocks of a particular sector, category, or group of companies. Because the fund seeks to track its target index, the fund may underperform the overall stock market. The chance that returns from large-capitalization growth stocks will trail returns from the overall stock market.Large-cap stocks tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several years. The next investment in the portfolio is Vanguard information technology ETF. This ETF seeks to track the performance of a benchmark index that measures the investment return of stocks in the information technology sector. With a one month beta of 1. 1, this fund is passively managed, using a full-replication strategy when possible and a sampling strategy if regulatory constraints dictate.Includes stocks of companies that serve the electronics and computer industries or that manufacture products based on the latest applied science. The risk potential for this fund is aggressive, more risk more reward. Annual investment returns as of 12/31/2011 (Vanguard, 2012) Year EndedVanguard Information Technology ETFMSCI US Prime Market Growth Index* Capi tal Return by NAVIncome Return by NAVTotal Return by NAVTotal Return by Market PriceTotal Return 2011-0. 28%0. 80%0. 52%0. 53%0. 66% 201012. 08%0. 66%12. 74%12. 67%12. 99%Vanguard Information Technology ETF is made up of companies in the following three general areas: technology software and services, including companies that primarily develop software in various fields (such as the Internet, applications, systems, databases, management, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals, electronic equipment, and related instruments; and semiconductors and semiconductor equipment manufacturers.Vanguard Intermediate-Term Corporate Bond ETF which seeks to provide a moderate and sustainable level of current income. Invests primarily in high-quality (investment-gra de) corporate bonds. Moderate interest rate risk, with a dollar-weighted average maturity of 5 to 10 years. Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity. The fund invests by sampling the index, meaning that it holds a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. Annual investment returns as of 12/31/2011 (Vanguard, 2012)Year EndedVanguard Intermediate-Term Corporate Bond ETFMSCI US Prime Market Growth Index* Capital Return by NAVIncome Return by NAVTotal Return by NAVTotal Return by Market PriceTotal Return 20113. 77%4. 17%7. 94%8. 97%8. 03% 20106. 16%4. 48%10. 65%9. 88%10. 80% All of the fund’s investments will be selected through the sampling process and at least 80% of the fund’s assets will be invested in bonds included in the index. The fund maintains a dollar-weighted average maturity consistent with that of the index. An investment in the fund could lose money over short or even long periods. The fund’s performance could be hurt by: Interest rate risk: The chance that bond prices overall will decline because of rising interest rates.Interest rate risk should be moderate for the fund because it invests primarily in intermediate-term bonds, whose prices are less sensitive to interest rate changes than are the prices of long-term bonds. Income risk: The chance that the fund’s income will decline because of falling interest rates. Credit risk: The chance that a bond issuer will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. Index sampling risk: The chance that the securities selected for the fund, in the aggregate, will not provide investment performance matching that of the index. In dex sampling risk for the fund should be low. Annual investment returns as of 12/31/2011 (Vanguard, 2012)Year EndedVanguard Intermediate-Term Corporate Bond ETFMSCI US Prime Market Growth Index* Capital Return by NAVIncome Return by NAVTotal Return by NAVTotal Return by Market PriceTotal Return 20113. 77%4. 17%7. 94%8. 97%8. 03% 20106. 16%4. 48%10. 65%9. 88%10. 80% ETFs combine the advantages of both index funds and stocks. They are liquid, easy to use and can be traded in any quantity just like stocks. At the same time an ETF provides the diversification, market coverage and low expenses of an index fund. These characteristics combine to create an investment tool that provides investors with the broad exposure they require, at the level they want; at the moment they need it.As such, they are fast gaining a reputation as an innovative investment solution – a claim greatly supported by the accelerated growth in ETFs. Reference Elton, E, & Gruber, M. (1977), Risk, reduction and portfolio size: an analytical solution. Journal of Business. Vol. 50, 415-437. Hope-Bell, E. (2008). Focus on: Index investing – exchange traded funds – an innovative investment solution. Professional Wealth Management, , 1-n/a. Retrieved from http://search. proquest. com/docview/205081570? accountid=32521 Jordan, B. , Miller, T. , & Dolvin, S. (2012). Fundamentals of investments, valuation andmanagement (6th ed. ). New York, NY: McGraw-Hill. MERGENT Online. Retrieved from http://www. mergentonline. com/companydetail. php? pagetype=highlights&compnumber=116548 Ong, Poh Wah (1982).Measuring the expected return and risk of combining several shares in an investment portfolio. Securities Industry Review. Vol. 8, No I, 6-16. Rosenberg, B. , & Guy, J. (1995). Prediction of beta from investment fundamentals. Financial Analysts Journal, 51(1), 101-101. Retrieved from http://search. proquest. com/docview/219118485? accountid=32521 Ross, S. , Westerfield, W. , & Jordan, B. (199 3). Fundamentals of corporate finance, 2nd ed. , Richard D. Irwin, Inc. https://personal. vanguard. com/us/home Vanguard (2012). Retrieved from https://personal. vanguard. com/us/home Wall Street Journal online. (2012). Retrieved from http://online. wsj. com/home-page

The True Story of Joan/John

There is a fine line between sex and gender. In fact, most probably do not even know that there is even difference between the two! People just assume a boy should act like a boy and a girl should act like a girl. Society forces us to think and behave that way. If you think about it when a baby girl is born everything is pink, but not all girls love the color pink. Society shapes the role of each child based on its biological sex. What happens if you do not behave like your sex is supposed to behave? In the article, â€Å"The True Story of Joan/John,† Joan does not act like the female that her surrounding pushed on her to be.This article tells the story of a man who goes through a long journey of finding himself. John was born male, and then through complications was told he was a female and now he indentifies himself as a male. I cannot comprehend how traumatic these gender and sex changes were on his life. In this one situation it shows how John, who was always told he was a girl, still behaved a like a male because in reality at birth he was. This example makes me think that society plays a part in deciding your gender and who you are. However, John was pushed to behave like a girl. He never did, he wanted to play with the stereotypical â€Å"boy† toys like trucks.Is it possible that your biological sex can determine your gender? Social constructionist is not totally correct or accurate. There are girls that are tomboys and boys that gay or just super feminine. Society cannot always push people in the route that they want them in. A majority of times when an individual, like John, does not conform to society they are ridiculed. Harassment can have many effects and sometimes the effect is not to conform them but it can be as serious as suicide. Society interrupts a child’s growth and individuality. In the case of Joan / John, he was living a â€Å"double life†.He knew at a very young age that something was wrong. He didn’t l ike being put in dresses or playing with dolls. â€Å"Joan† just wasn’t performing like other females her age and just about everyone was noticing that. Social constructionism is pushing John to behave differently than how he wants to behave. In a way society was disturbing his normal growth as a child by changing who he thought he was, his gender identity. In the end, he knew he was a male, which relates back to gender essentialism. Dr. Money definitely took advantage of John’s parents by giving them false knowledge.John’s parents were so uninformed about everything that was going on with John’s situation. Dr. Money was a very strict social constructionist that believed if he told John he was a female then he would be a female. How could Dr. Money, a doctor, think that telling a child that it is a specific sex and that it would grow up believing and acting like that sex? Things just don’t work like that. I think genes and your sex have a bi g part in identifying your gender. Each situation for each child is so incredibly different I find it too extraordinary that society and environment could change the identity of a person.I do not think that gender essentialism or social constructionism is the way, but a balance in between the two. Gender essentialism and social constructionism challenge each other. The two are the extremes of reality. A balance between the two is how people live each and every day. In the situation of John, his life shows a journey through all three ways, gender essentialism, social constructionism and reality. Dr. Money believed in social constructionism, but while John was told he was a female he showed his belief in gender essentialism. He ignored people because he â€Å"knew† something was not right and that he should be a male.Now he lives his life as a male but in what I call â€Å"reality†. He listens to society in some ways but he focuses on being a father and that to him is wh at a male is, a father. The article challenges the two opposing beliefs because no one knows the correct answer. Each person and situation is different. Maybe for some the theory of gender essentialism will push them to be who they truly are, while for others it may be society, the theories of social constructionism. For the rest it is reality, a combination of the two. Works Cited Colapinto, John. â€Å"â€Å"The True Story of Joan/John†. † Rolling Stone 11 Dec. 1997: 54-97. Print.

Online Gaming and Fraud in Massive Multiplayer Online...

1. Online Gaming Security and Fraud Throughout the evolution of gaming, there has been a movement of large communities to online gaming. With that high amount of traffic, these online games have become prime targets for crime to emerge from. Due to the online nature and virtual elements of this kind of community, the most common type of crime committed was theft, followed closely by fraud (Chen 2005). With the increase in online communities from online gaming, businesses have started advertising both to these markets and through them. This has opened up not only the online communities to the threat of fraud, but also those businesses and their competitors. This paper will focus primarily on the Massive Multiplayer Online Role-Playing Game (MMORPG) community, and the ways that fraud is committed in that type of gaming. 2.1 Fraud in MMORPGs Fraud has been influencing MMORPGs and online gaming for years. The world of online has moved from being a software license industry to an uplink time payment model due to illegal sharing and software copying (Chen 2005). With the move to subscription based gameplay, in game items now have a monetary value due to the growth of economies that trade the virtual game money or items for real world currency (Chen 2005). Throughout the MMORPGs there has been a trend of criminals targeting the users of these online games for purposes of theft and fraud, especially when it comes to the in game currencies and identities. According to a study

All About Paper Writer Online

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Renewable Energy Source Capable Of Solving The Current...

For years, scientists have been pursuing the discovery of a beneficial alternative energy source capable of solving the current energy crisis. Some of the most popular forms are solar energy, wind energy, and nuclear energy. Although solar, wind, and nuclear energy have many benefits, they are vastly detrimental to our environment. Solar energy requires a copious amount of space, wind energy is aesthetically disturbing and harmful to wildlife, and nuclear energy’s working fluid is highly pollutant. In turn, scientists have recently discovered the vast potential of ocean energy. The United States of America needs to pursue the further development of ocean energy. First, the ocean furnishes high levels of energy-availability. The ocean stands as the largest energy collector because of its massive size. According to Renewable Energy World, the sea stands as the largest solar energy collector because almost three-fourths of earth’s surface is ocean (Ocean Energy: Renewable [1]). â€Å"The Oceans are in one sense,† according to the Environmental Encyclopedia â€Å"a huge storage tank for solar energy† (â€Å"Ocean Thermal† [1]). Because the vast majority of earth is covered by the ocean, the ocean has more space to create energy than any other plant, panel, or mill. Ocean water is in surplus while land only covers approximately 25-30% of earth’s surface. While open and unused land supplies diminish yearly, the ocean continues to occupy relatively the same amount of surface area. Second,Show MoreRelatedA Nuclear Solution for the Future Essay2276 Words   |  10 PagesFuture For forty years the United States has encountered increased prices and demand for energy. So what has been done to end the energy crisis? 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Education Timeline free essay sample

Education Timeline Antiria Jenkins HIS324: History of American Education Instructor: Timothy Kilgore November 12, 2012 http://prezi. com/vcesi_y4xome/history-of-american-education-timeline/ Education in the United States has faced great changes toward development in the past hundreds of years. At the beginning, during the Colonial Era, the principles of education were mainly based on those already used by European nations at the time. However, the country began to adopt its own approaches toward teachings given different social, political and religious practices (Rippa 9). 1635The first Latin Grammar School (Boston Latin School): Founded on April 23, 1635, in Boston, Massachusetts, it is known as the first public school and oldest existing school in the United States. The Latin grammar curriculum was designed for boys 8 to 15, based on European Schools in a Puritan area. Schools were to prepare boys for college and the service of God. Protestantism believed that education was needed so that individuals could interpret the bible. 1751American Academy founded by Ben Franklin: The demand of skilled workers in the middle of the eighteenth century led Benjamin Franklin to start a new kind of secondary school, thus, the American Academy was established in Philadelphia. American high schools eventually replaced Latin grammar schools. Curriculum was geared to prepare students for employment. Academies eventually replaced the Latin Grammar Schools and some admitted Women. 783Introduction of Noah Webster’s Speller: Noah Webster published the A grammatical Institute of the English language, also known as, â€Å"the blue-back speller. † This was the most widely circulated of the early American textbooks and like Webster’s American Dictionary it strived to establish a national identity as well as the United States’ linguistic and cultural independence of England. As the first popular American textbook, the introduction of Noah Webster’s speller stands as a significant event in the hist ory of American education. 817(April 15, 1817) Connecticut Asylum for the Education and Instruction of Deaf and Dumb Persons: The Connecticut Asylum at Hartford for the Instruction of Deaf and Dumb Persons opens. It is the first permanent school for the deaf in the U. S. Thomas Hopkins Gallaudet and Laurent Clerc are the schools co-founders. In 1864, Thomas Gallaudets son, Edward Miner Gallaudet, helps to start Gallaudet University, the first college specifically for deaf students. 824First State-Supported School Established: Originally named the Boston English Classical School and established in 1821, the school was renamed the English High School in 1824 and also, during that year, became the first-state supported common school. The adoption of the English High as a state-supported common school is a significant event in the history of American education as it was, essentially, the first public school. 1855Abolition of Segregation of Schools in Massachusetts: Following the case of Roberts v. Boston, the state of Massachusetts abolished segregation in their schools. The victory would be the first in a long battle lasting nearly an entire century. This was the first law to oppose segregated schools in the United States and is, therefore, a significant event in the history of American education. 1856The First Kindergarten: In the United States Margarethe Schurz founded the first kindergarten in Watertown, Wisconsin, in 1856. Her German-language kindergarten impressed Elizabeth Peabody, who opened the first American English-language kindergarten in Boston in 1860. The kindergarten was much more influential in the United States and in the northern part of Europe which encouraged the National Education Association to begin a kindergarten department in 1874, and later, teachers founded the International Kindergarten Union in 1892. 1896The Laboratory School of the University of Chicago (First Progressive Laboratory):John Dewey, the father of the progressive education, established the first laboratory school for testing the progressive educational method. This would lead to a popular trend in education adopted by schools during the first half of the twentieth century. Progressive education emphasizes cultivation of problem solving and critical thinking skills through hands-on learning activities. 1905 Carnegie Foundation for the Advancement of Teaching: Founded by Andrew Carnegie in 1905 and chartered in 1906 by an act of Congress, the Carnegie Foundation for the Advancement of Teaching is an independent policy and research center. The Foundation encouraged the adoption of a standard system for equating seat time (the amount of time spent in a class) to high school credits which is still in use today. This system is known as the Carnegie Unit. 1939 The Wechsler Adult Intelligence Scale (first called the Wechsler- Bellevue Intelligence Scale): This scale was developed by David Wechsler and is intended to measure human intelligence reflected in both verbal and performance abilities. It introduces the concept of the deviation IQ, which calculates IQ scores based on how far subjects scores differ (or deviate) from the average (mean) score of others wh o are the same age, rather than calculating them with the ratio (MA/CA multiplied by 100) system. Wechsler intelligence tests, particularly the Wechsler Intelligence Scale for Children, are still widely used in U. S. schools to help identify students needing special education. 1944 The Servicemens Readjustment Act of 1944 (GI Bill of Rights): Bill signed into law on June 22, 1944 by President Franklin Roosevelt during World War II. The GI Bill affords military veterans government funding to pursue or continue educational goals following their service. The GI Bill not only compensates veterans for their service, but has also been responsible for the growth of American colleges and universities. 1954 Brown v. Board of Education of Topeka: On May 17, 1954, The U. S. Supreme court ruled in Brown v. Board of Education that separate schools did not provide equal education to students and therefore banned the segregation of schools nationwide with a ruling of (9–0) decision stated that separate educational facilities are inherently unequal and declared unconstitutional. 1958 Defense Education Act of 1958: The Defense Education Act of 1958 was signed into law on September 2, 1958 by the United States government during the cold war in reaction to the successful launch of the Soviet satellite Sputnik. The Soviets’ scientific success motivated the U. S. government to fund the U. S. Office of Education’s establishment of scientifically and mathematically centered curriculum. The act contained ten titles designed to improve the nations schools. 1964 Civil Rights Act of 1964: The Civil Rights Act of 1964 signed on July 2, 1964 by President Lyndon B. Johnson banned discrimination in all federally funded programs and outlawed major forms of discrimination against racial, ethnic, national and religious minorities, and women. This law helped to further the ruling of Brown v. Board of Education as many schools had continued segregation. The Civil Rights Act of 1964 financially, â€Å"cut-off,† institutions, such as public schools, which promoted discrimination of any and all types and gave leverage to the movement. 1965 The Elementary and Secondary Education Act (ESEA): The Elementary and Secondary Education Act (ESEA) was passed on April 9, 1965 s a part of the War on Poverty. It emphasizes equal access to education and establishes high standards and accountability as well as provides federal funds to help low-income students, which results in the initiation of educational programs such as Title I and bilingual education. 965 The Higher Education Act: The Higher Education Act was signed on November 8, 1965 to strengthen the educational resources of colleges and universities and to provide financial assistance for students in postsecondary and higher education. It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Cor ps. 1965 Project Head Start: The Head Start program started in the summer of 1965 as an eight week summer program for children from low-income communities going into public school in the fall (Styfco and Zigler, 2003). The program provided preschool classes, medical care, dental care, and mental health services (Kagan, 2002). 1975Education for All Handicapped Children Act now known as The Individuals with Disabilities Education Act (IDEA): requires public schools to make available to all eligible children with disabilities a free appropriate public education in the least restrictive environment appropriate to their individual needs and requires public school systems to develop appropriate Individualized Education Programs (IEPs) for each child which will reflect the individualized needs of each student. 002 The No Child Left Behind Act: On January 8, 2002, NCLB was signed into law. NCLB supports standards-based education reform based on the premise that setting high standards and establishing measurable goals can improve individual outcomes in education. The Act requires states to develop assessments in basic skills. States must give these assessments to all students at select grade levels in order to receive federal school funding. All students are required to meet the standards establish by NCLB at the accountability of educators. 2004 H. R. 350, The Individuals with Disabilities Improvement Act (IDEA 2004): reauthorizes and modifies IDEA. Changes, which take effect on July 1, 2005, include modifications in the IEP process and procedural safeguards, increased authority for school personnel in special education placement decisions, and alignment of IDEA with the No Child Left Behind Act. The 2004 reauthorization also requires school districts to use the Response to Intervention (RTI) approach as a means for the early identification of students at risk for specific learning disabilities. RTI provides a three-tiered model for screening, monitoring, and providing increasing degrees of intervention using â€Å"research-based instruction with the overall goal of reducing the need for special education services (Re-authorization, 2004). The history of education has been influenced multiple times over the past years. In some shape, form, or fashion, the many changes have affected many lives, especially those with disabilities. Going from segregation to desegregation, women involvement in education and fighting for equal education of those individuals with disabilities has not only marked historical events but has brought togetherness among all races and genders. Without these historical events in shaping education, the world would be at a standstill. References Dewey, John. 1938 (1963). Experience and Education. New York: Collier Books Kagan, J. (2002). Empowerment and education: Civil rights, expert-advocates, and parent politics in Head Start, 1964-1980. Teachers College Record, 104(3), 516-562. Re-authorization of the IDEA 2004. Retrieved November 5, 2012 from http://www. nj. gov/education/specialed/idea/reauth/ Rippa, Alexander. Education in a Free Society. Eighth Edition. New York: Longman, 1997. 3-107. Print. Styfco, S. , amp; Zigler, E. (2003). Early Childhood Programs for a New Century. Reynolds, A. , amp; Wang, M. (Eds. ) The federal commitment to preschool education: Lessons from and for Head Start (pp. 3-33). Washington, D. C. : Child Welfare League of America, Inc.

Managing Contemporary Warehouses

The dynamics of a globalizing world continue to press operations and supply chain managers to realizing efficiency in moving and receiving goods (Anonymous, 2002).Advertising We will write a custom essay sample on Managing Contemporary Warehouses specifically for you for only $16.05 $11/page Learn More In the Twenty First Century, modern warehouses present many challenges that lead to loss of time and business opportunities or competitive edge (Leinbach Capineri, 2007). A major challenge presented by contemporary warehousing business entails inventory management proficiencies. Warehouse managers need to have complete control of warehouse inventory to be efficient. Lack of this vital insight can cause overstocking and backordering that may result to unhappy customers and lost business. Another challenge facing modern warehouses entails clients who are more demanding. In contemporary supply centers, businesses need to meet customer’s specific needs . Warehoused that cannot comply with these demands face the threat of losing business from such clientele. Warehouses, which face this challenge, need a WMS (Warehouse Management System) that accommodates the unique needs of customer (Emmett, 2011). Outdated systems of manually labeling products with consumers unique specifications cause loss of time and labels may get lost or misplaced resulting to delays. Warehouses that face this challenge need automated cataloging systems that reduce time wastage and facilitate management of different consumer needs. Globalization also presents a new challenge in warehouse management. The warehousing business attracts new entrants every day, meaning the number of warehouses or sellers handling similar commodities across the globe increase the level of competition each moment (Leinbach Capineri, 2007).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Wit h globalization, traditional local markets and their competitive advantages are no more or decreasing, because consumers can order goods from any part of the world and have them delivered on time, and in some instances faster than goods ordered from local warehouses. Warehouses that cannot compete favorably by maintaining low overhead face the threat of losing trade to foreign, and local competitors. Warehouse Management Systems offer a solution to warehouses that need to maintain their competitiveness in the global economy. Global dynamics have led to warehouses facing the challenge of product diversification. As global markets expand and evolve, modern warehouses are forced to stock different commodities in terms of size, variety and form (Leinbach Capineri, 2007). Product change may lead to warehouse managers and outdated inventory systems missing some commodities because they might be left out during stocktaking. Without a WMS, a business operating a warehouse may miss on balan ced growth. As trade starts to grow, a warehousing business may find itself fielding additional commerce. However, without the use of WMSs the business may start engaging more workers on the assumption that sales improvements mean extra income, but it may not be the case. Therefore, a business without a WMS may hire new workers without knowing the cost to the business in terms of training and education. A WMS helps warehouses overcome this challenge by keeping workers schedule at a basic minimum as well as letting workers operate at top capacity, and reducing training cost (Emmett, 2011).Advertising We will write a custom essay sample on Managing Contemporary Warehouses specifically for you for only $16.05 $11/page Learn More Contemporary warehouse businesses face the challenge of e-commerce. Currently, most business transactions and operations have migrated or are transitioning to the digital platform, and use of hi-tech technology. Currently, consumer s place order on the internet. Warehouses lacking modern WMSs are missing many business opportunities. Traders, who accept EDI (Electronic Data Interchange) from clients as well as ASNs in their warehouses, have a unique economic advantage over traders who do not embrace these e-commerce tools (Qin, 2007). Significance of Modern WMS in Managing Contemporary Warehouses Warehouse managing is the skill of moving and storing items in a warehouse. Warehouse managing entails monitoring the movement of merchandises within and outside the warehouse. It encompasses warehouse arrangement, tracking logistics, items control and exchanges between product locations (Atkinson, 2002). Warehouse administration deals with receiving, storing and moving commodities, such as raw materials and ready products and comprises operations, such as warehouse master inventory, documentation, transferal in process, safety stock, and transfer head time (Knolmayer, Mertens, Zeier, 2002). Before the introduction of WMS in supplies and operations management, warehouse managers and employees depended on paper and clipboards inventories. Records and operations needed to transfer merchandise were also restricted in their capacity (Richards, 2011). Currently, the scale of stocks that can be managed within encloses of a warehouse employing a WMS is infinite. The functionality accessible in modern WMS makes the aforementioned aspects possible. A hi-tech WMS is important in managing modern day warehouses because it helps in scheduling, material-management controlling, inventory management, locating, and shelf life managing (Richards, 2011).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Scheduling In warehouse management, scheduling is a very important function. A scheduler found in WMS facilitates warehouse management by allowing managers to reserve sea and land ports time for cargo ships or trailers. A scheduler allows managers manage time based on supplies metrics, such as cargo arrival to a destination and departure times from ports (Richards, 2011). Other aspects of a WMS scheduler allow supply chain managers know when commodities will be ready for shipping or transportation, time needed to package, label, present and consign goods and other functions. No modern WMS is all-inclusive without a scheduler module. Material management Controller A material-management control service is another key aspect of modern WMS, which help in managing warehouse. The fundamental functionalities of this service are to monitor the accessibility and whereabouts of the resources necessary to moving products (Richards, 2011). Such resources comprise forklifts, hauls, portable devi ces and wagons. Stock Locator A stock locator is a WMS component that allows warehouse managers and employees to locate merchandise inside warehouses. A stock finder module comprises many features, such as a quick stock search, a compound whereabouts search, and a replacement notification among other services. Additionally, a stock finder has the ability to detect when new merchandises or items will be delivered and when a warehouse inventory empties (Richards, 2011). Catalogue Pick Controller Most hi-tech WMS comprise a catalogue pick controller, which allows automatic regulating of merchandise volume to be transferred from a production zone onto a conveyor or other inventory selecting formations, and depend on whether a product is selected by means of bar code imaging, speech technology or RFID (Radio Frequency Identification) (Manthou Vlachopoulou, 2001). Shelf life Controller A shelf life manager is a vital component found in most modern WMS, particularly in foodstuffs and drin ks or consumer package commodities processes where the number of hours a commodity stays on a warehouse shelf is critical. Shelf life controller module functionalities routinely route commodities from the relevant production zone and forces bulk exchanges between production zones depending on product expiry date (Emmett, 2011). Other functions contained in WMS diverse modules include cycle tallying, record auditing and computations, databank maintenances, peripheral hardware interfaces, statement making among other functions (Richards, 2011). Businesses operating warehouse need WMS, especially in the Twenty First Century, where business activities occur over the internet and use futuristic technology. Warehouse management systems remain one of the tools warehouse businesses must invest in, to remain competitive in the global economy. Annotated References Emmett, S. (2011). Excellence in warehouse management: how to minimize costs and maximize value. London: John Wiley Sons. This bo ok addresses various themes on how to make warehouse managing efficient. The author discusses WMS, and way in which they can be used to reduce operating costs and capitalize on on value. This book is appropriate for warehouse managers because the author, Stuart Emmett, has included self-assessment problems and case studies about supply chain management to help the reader understand the main topic. Leinbach, T. R., Capineri, C. (2007). Globalized freight transport, intermodality, e-commerce, logistics and sustainability. Cheltenham, UK; Northampton, MA: Edward Elgar Publishing. This book is comprehensive in investigating key issues that drive global supply chain operation, such as e-commerce and modern technologies, logistics, as well as sustainability of worldwide transport industry. It conclusively captures issues influencing the feasibility of freight structures and their influence on the global economy. This book is ideal for today’s managers in the supply chain business, policy makers and scholars studying supply chain systems. Qin, Z. (2007). Introduction to e-commerce. Berlin: Springer Berlin. This book highlights various aspects of e-commerce and way in which they influence business operations in modern economies. Some of the topics addressed by the author include internet marketing and transactions. The book is effective because it focuses on what managers need to know as regards e-commerce infrastructure, policymaking and enactment, technology models, and public strategy questions. References Anonymous. (2002). WMS drives efficient parts distribution. Modern Materials Handling, 57(12), 55. Atkinson, W. (2002). Value-added services from 3PLs and public warehouses, what to look for. Logistics Management, 41(10), w8. Emmett, S. (2011). Excellence in warehouse management: how to minimize costs and maximize value. London: John Wiley Sons. Knolmayer, G., Mertens, P., Zeier, A. (2002). Supply chain management based on SAP systems, order management in manufacturing companies with 19 tables. Berlin: Springer. Leinbach, T. R., Capineri, C. (2007). Globalized freight transport, intermodality, e-commerce, logistics and sustainability. Cheltenham, UK; Northampton, MA: Edward Elgar Publishing. Manthou, V., Vlachopoulou, M. (2001). Bar-code technology for inventory and marketing management systems: A model for its development and implementation. International Journal of Production Economics, 71(1-3), 157-164. Qin, Z. (2007). Introduction to e-commerce. Berlin: Springer Berlin. Richards, G. (2011). Warehouse management: a complete guide to improving efficiency and minimizing costs in the modern warehouse. London; Philadelphia: Kogan Page, 2011. This essay on Managing Contemporary Warehouses was written and submitted by user Mall0ry to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.