How Sound are the Foundations of the Aggregate Production Function? ... This critique is that because at the aggregate level only value data can be used to estimate production function, this means that the estimated parameters of the production function are merely capturing an underlying accounting identity. ... It is concluded that the theoretical basis of the aggregate production function is problematic. ... Moreover, "the concept of the economic meaningful aggregate production function requires much stronger and much less plausible conditions than the concept of an aggregate consu...

• Word Count: 11086
• Approx Pages: 44
• Has Bibliography
• Grade Level: Undergraduate

Derive CAPM and APM CAPM: "The Capital Asset Pricing Model is an equilibrium model of asset pricing, it states that the expected return on a security is a positive linear function of the security's sensitivity to changes in the market portfolio's return." ... Therefore, the efficient set consists of a single straight line , emanating from the risk free point R and passing through the market portfolio M. This line RM is called capital market line ( CML ). ... This can be solved by capital asset pricing model .(1.) & (2.) (4. ) Since the market portfolio M is efficient , the expec...

• Word Count: 2530
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

The Internet Becomes Accessible In the 1980's, acoustic couplers (modems) were developed and manufactured by companies such as US Robotics and the telecommunications network was used to enable computer networking to virtually anyone who had a telephone line. ... And at times the telecommunications network was being used to connect everyone with a phone line to the Internet and transmit this higher bandwidth, bursty payload. ...

• Word Count: 5577
• Approx Pages: 22
• Has Bibliography

The general ORPD with normal power system condition can be formulated [9] as follows: The objective function is represented as: P. ... Therefore, the equation (1) is changed to the following form: min Min = network real power loss = number of lines (1) The power loss is a non-linear function of bus voltages, which are functions of control variables. ... Bird flocking optimizes a certain objective function. ... Step2: The objective function for each particle in the initial population is evaluated using load flow calculation. pbest is set to each initial searching point. ... Step5: The objective...

• Word Count: 3714
• Approx Pages: 15
• Grade Level: High School

The general ORPD with normal power system condition can be formulated [9] as follows: The objective function is represented as: P. ... Therefore, the equation (1) is changed to the following form: min Min = network real power loss = number of lines (1) The power loss is a non-linear function of bus voltages, which are functions of control variables. ... Bird flocking optimizes a certain objective function. ... Step2: The objective function for each particle in the initial population is evaluated using load flow calculation. pbest is set to each initial searching point. ... Step5: The objective...

• Word Count: 3174
• Approx Pages: 13
• Has Bibliography
• Grade Level: High School

By becoming integrated with line management, HRM can become an important functional activity (Tyson, 1995; p. 165-166), rather than simply a "big hat, no cattle" role (Fernie et al, 1994). ... In the past, HR was viewed as primarily an administrative function. ... But even if the contents are the same, the "new label" may help to give the personnel function a more contemporary image. ... Schein (1987) sees HRM as a philosophy, and maybe even a discipline in its own right, where as personnel is a function. ... As personnel management has become HRM, a change towards the integration of personnel...

• Word Count: 3727
• Approx Pages: 15
• Grade Level: High School

The similarity is made on purpose to make the transition to Java easier for C and C++ programmers. ... All variables and functions must be defined as part of a class. ... FÆ'nThe standard library included with Java is superior to that of C C++. ... Most of the issues with C++ are due to its legacy from C. Given that C++ at its creation had to be backwards compatible with C, the design of C++ could probably not have been much better. ...

• Word Count: 3063
• Approx Pages: 12
• Has Bibliography
• Grade Level: High School

It has a simplified C-like syntax. ... VB Scripts syntax statements are bounded by end-of-line, and normal Basic keywords are used for control structures and code modularity. ... VBScript supports subroutines and functions, and can interact with objects provided by its environment (usually a scriptable application). ... (Reference #5) Java is based on the first version of C++ but leaves out features of C and C++ that are confusing or unreliable and eliminates features that cause common programming errors. ... • Relative to C++, Java is easier to learn. ...

• Word Count: 3438
• Approx Pages: 14
• Has Bibliography

The learning competencies in Numbers and Number Sense are describes and illustrates well-defined sets, subsets, universal set and the null set; defines and describes the union and intersection of sets and the complement of a set; uses Venn Diagrams to represent sets, subsets and set operations; solves problems involving sets; describes and illustrates the absolute value of a number on a number line as the distance of the number from 0; performs fundamental operations on integers; addition, subtraction, multiplication, division; states and illustrates the different properties of the operations ...

• Word Count: 4402
• Approx Pages: 18
• Has Bibliography
• Grade Level: Undergraduate

From what I have heard from other students and lecturers visual basic is supposedly easier to learn than other languages like C++ and java but I can't clarify this as I only know the basics so far. ... Quite a simple process, just involved opening the toolbox and dragging the required function wether that may be a command button, label whatever onto the form. ... The syntax is more like English and is easier to program than the likes of Java and C++. There is a lot more work involved in the likes of Java and C++. ...

• Word Count: 2848
• Approx Pages: 11
• Grade Level: High School

So c"mon, c"mon, c"mon, c"mon, c"mon baby. ... It seemed at times that Rob was in the relationship because it served a pragmatic function, and not because he was in love with Laura. ... Though technically they weren't married, Rob expected Laura to serve the function of a stereotypical wife. ...

• Word Count: 2791
• Approx Pages: 11
• Has Bibliography
• Grade Level: High School

Team C has conducting extensive research regarding the benefits of diversity training for Kudler Fine Foods employees and the appropriate methods for delivering the training. ... Team C has decided that on-site training is the best training program for Kudler Fine Foods. ... This analysis can be done on Kathy Kudler, the president of Kudler Fine Foods, down the line to the baggers and cashiers. ... Learning Objectives The objectives for this course over the past five weeks have helped Team C design our training and development plan by providing some kind of guidelines. ... Hands-on function is...

• Word Count: 2565
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate

In addition, NASA has an illusion of invulnerability and therefore lacks contingency plans for possible accidents, and the astronauts are not trained to function in emergency situations. ... During pre-flight testing, oxygen tank number 2 showed anomalies and would not empty correctly due to the damaged fill line (1). ... Lastly, it is obvious that NASA has an illusion of invulnerability and therefore lacks contingency plans for possible accidents, and the astronauts are not trained to function in emergency situations. ... During the entire mission Jack was completely isolated, while...

• Word Count: 3022
• Approx Pages: 12
• Has Bibliography

In fact, much of MVS has been rewritten, using state-of-the-art techniques, which reflect new concepts and functions to ensure high levels of quality and availability. ... MVT allowed any number of tasks to be performed concurrently by adding real storage function of 64KB for MFT and 128KB for MVT. ... This new function was supported by MVT, and allowed a user to have dual Model 65s, which could share central storage under the control of a single operating system. ... Cross-memory allowed subsystems and server-like functions to manage data and control blocks efficiently in private storage. ...

• Word Count: 3862
• Approx Pages: 15
• Has Bibliography

Calculating volumes and areas, the basic function of integral calculus, can be traced back to the Egyptian Moscow papyrus (c. 1800 BC), in which an Egyptian successfully calculated the volume of a pyramidal frustum. From the school of Greek mathematics, Eudoxus (c. 408-355 BC) used the method of exhaustion, which prefigures the concept of the limit, to calculate areas and volumes while Archimedes (c. 287-212 BC) developed this idea further, inventing heuristics which resemble integral calculus. ... Thereafter, calculus was actively used to solve the major scientific dilemmas of the time, such ...

• Word Count: 6149
• Approx Pages: 25
• Grade Level: Undergraduate

Many of these materials function are plainly the same functions claimed by materials management. ... In the case of both of these functions, each organizational group can lay legitimate claim to them. ... In industry today, logistics management includes all of the functions of both materials management and physical distribution management. ... Procurement, transport, manufacturing, sales and customer service can all benefit from an integrated logistics function, leaving just marketing, personnel, finance and research as separate functions. ... c. ...

• Word Count: 8123
• Approx Pages: 32
• Has Bibliography

Research suggest that recruiting a front line employee may cost as much as one and a half times their annual benefit, whilst recruiting an executive will cost more than twice their annual benefits (Fisher et al). ... If HR departments were to remain as bureaucracies with nothing more than an administrative function, Stewart was probably spot-on in his thinking. HRM now has a more strategic function and attempts to align HR practices with the vision, mission and goals of the company. Fisher et al, state that a company with world class HRM practices perform the following functions; Planning ...

• Word Count: 3178
• Approx Pages: 13
• Grade Level: Undergraduate

These experiments support another hypothesis that RNA, rather than DNA, functioned as life's first information storage system. ... The aerobic prokaryote wasn't digested but continued to function inside the other cell. ...

• Word Count: 2685
• Approx Pages: 11
• Grade Level: High School

Currently, many probation officers in Colorado perform peace officer functions such as personally arresting offenders, securing them with handcuffs, and searching both offenders and residences. ... The primary goal of the research was to identify the types and numbers of serious assaults, or attempted serious assaults, against officers that occurred in the line of duty or because the perpetrator was aware of the official status of the officer. ... Finally, Bigger (1993) relates that the federal probation system strongly endorses legislation permitting officers to carry firearms in ...

• Word Count: 4346
• Approx Pages: 17
• Grade Level: High School

VOCABULARY Archaeology: the scientific study of ancient people and cultures principally revealed through excavation. Cromlech: a circle of megaliths. Henge: a Neolithic monument, characterized by a circular ground plan. Used for rituals and marking astronomical events. Megalith: a stone of great size used in the construction of a prehistoric structure. ...

• Word Count: 10708
• Approx Pages: 43
• Grade Level: High School

The p53 protein is crucial in multicellular organisms, where it regulates the cell cycle and, thus, functions as a tumor suppressor. ... However, some cells functions remain unaffected after a mutation has occurred. ... Thus checkpoints function in a normal cell cycle is to ensure completion of each phase of the cell cycle before progression to the following phase. ... These mechanisms consist of p53-dependent mechanisms and p53-independent mechanisms. p53 is described by (Strachan & Read 1999) as a gene that codes for a protein that regulates the cell cycle and hence functions as a tumour ...

• Word Count: 3250
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate

INTRODUCTION Telecommuting or Teleworking has been the subject of numerous debates, articles, and academic papers - and in my opinion, the difference is minimal. The term "telework" tends to be used more in Europe and some other countries, while "telecommuting" is used more in the U.S. Some peop...

• Word Count: 4088
• Approx Pages: 16
• Has Bibliography
• Grade Level: High School

Inflammation c. ... These upper airways are a series of irregular or rounded cavities and tubes lined with a mucosa' which has a rich blood supply. ... These two functions are closely related and are obviously both important but these two functions can be measured separately and may be affected differently by different diseases. The other components of the respiratory tract, respiratory muscles, nervous system, ribs, etc, while not primarily involved in respiration or gas exchange are important in supporting and controlling the functions of the respiratory tissues. Respiratory...

• Word Count: 3614
• Approx Pages: 14
• Grade Level: Undergraduate

The bones of the skeleton function as levers that direct and modify the forces generated by skeletal muscles. ... Since these are gene products, they need protein producing machinery to complete their function. ...

• Word Count: 5684
• Approx Pages: 23
• Has Bibliography
• Grade Level: Undergraduate

Table of content Introduction and History of Internet Banking 2 What is the "Brick-to-click- banks 3 What is the "Virtual Banks- 3 How to manage your accounts online 4 Transfer money 4 Parts of the E-banking 5 a, E-mail payment 5 b, Online shopping (Loans and Credit cards): 6 Credit cards 6 c, Investing 7 E-banking solutions 8 Online Banking Services 11 Securities of E-banking 12 Comprehensive security control process 12 Establishment of clear audit trails for e-banking transactions 13 Confidentiality of bank information 14 Authentication of e-banking customers 14 Avail...

• Word Count: 5491
• Approx Pages: 22
• Has Bibliography