Research methods Assignment Example | Topics and Well Written Essays - 2250 words

Research methods - Assignment Example The USASuperCars signed a new contract, which would allow it to sell its batch of 27 luxury cars to various customers around the globe, primarily in the UK, Japan, Canada, South Africa and the USA. The contract states that the selling price of the products are fixed and in local currencies at the exchange rates at the time of the delivery. In the real economic world set up, the exchange rate is marked with high level of precariousness. Therefore, one, particularly a businessman, cannot simply overlook the idea about the linked benefits and risks to the stated contract. In this event, the HSBC offered to pay a sure sum of $2,150,000 in return for revenue in local currencies. It is at this point that the work at hand seeks to come up with a decision whether to accept or reject the offer by weighing up the associated benefits and risks. In addition, in the event that the HSBC’s offer is accepted, finding for which payment schedule is better based on the point of view of USASuperC ars and HSBC, searching for other potential risks HSBC will be exposed to, and finally understanding the measures that can be taken in order to at least minimize the exchange rate risk beyond converting all currencies into dollars. Profit analysis for USASuperCars is vital for this case, prior to deciding which payment option is necessary provided that the offer of HSBC is accepted. Recommendations are provided, which are associated with HSBC’s offer. The justification behind the profit analysis is based on the information of the worldwide order, the quantity and the selling price of luxury cars in the local currencies. To ensure the information about exchange rate is properly considered, the mean and standard deviation rate for converting each currency into dollars are included based on the historical data. Based on the assumption that the rates are normally distributed and independent with each other, the profit has the assumption that it is normally distributed as well. As

REPORT ON FREIGHT TRAIN OPTIMIZATION AND SIMULATION Essay

REPORT ON FREIGHT TRAIN OPTIMIZATION AND SIMULATION - Essay Example This however, is rare as it presents challenges in terms of cost and implementation to the stakeholders. On the same note, the current train system is operating at its optimal with which come numerous challenges and safety concerns (Ballis et al, 2004). This calls for a more efficient and effecting freight train optimisation and simulation capable of mitigating the emerging concerns, and even proceed further to predict possible future concerns. Factors considered in the rail freight transport were crew scheduling and train scheduling. This is because, unlike passenger train schedules which can be planned and allocated a slot well in advance, Freight trains are dynamic and require a shorter planning period. Freight train systems vary depending on availability of goods and distance required to be covered. This paper provides an overview of freight transport and the possible effects optimization of the rail system will cause. Problem Statement In any environment and or country that have a considerable amount of shipment rail transport is always the centre of focus. Freight train has faced an increased attention due to problems related with road congestion and safety concerns. Furthermore, large container shipments are always a problem at major ports. A good organisation and prioritisation of freight flows and validating an expedition and efficient freight train systems will go a long way in ensuring speedy processing and clearing of these shipment containers. Motivation/Applications Railway transports system is uniquely designed to deliver efficiency and reliability as it allows for massive freight transport at low and affordable rates. This reliance and steady growth on rail transport however, cannot be fully matched by an equal growth pace of the rail system and network. The increased traffic therefore relies on a nearly out-dated system that requires urgent revision. The hampered growth pace is caused by several factors the most obvious being the high costs inv olved in such an investment (Rizzoli, 2002). Additionally, due to the bulk of both the locomotive trains and its related infrastructure, expansion space required is also a concern especially when it comes to residential and ragged terrain surroundings. Railway companies therefore, are left out with limited options the most significant of which is exploitation of the available resources. This can be done through the implementation of better systems that will facilitate better more efficient time management. Furthermore, additional test environments can be developed to study and understand the various challenges involved on the ground during freight train movement to mitigate risks involved. Objectives The objective of this report is to provide an in depth understanding of the freight train optimization and simulation system. Current conditions will be exploited with the objective of coming up with an optimal train scheduling and optimization technique under an array of realistic and probable conditions. These conditions include; infrastructure I place, optimal average speed done by each train, and the inflow of freight goods. In addition, this report seeks to alleviate the efficiency of freight train transportation by highlighting all the impacts it has on the transport system, and further proposing ways to better improve and handle safety measures already in place. These will