Current Issue : July - September Volume : 2014 Issue Number : 3 Articles : 5 Articles
Christianity as a consummate and the most individualized religion,\r\nallows one to best harmonize the relationships between an individual,\r\nsociety, and the state. Christianity roots in the fundamental sentiment of\r\npersonal responsibility for own thoughts and deeds. That the Christian\r\ndoctrine has an immense variety of tools to resolve the whole gamut of\r\nsocio-political issues has been brilliantly evidenced in hosts of victories on a\r\ncivilization scale. Being a pro-active religion, Christianity has been the\r\ndriving force behind the groundbreaking, epoch-making processes both at\r\npolitical and scientific level. Christianity has brought about a new model of\r\nstate economy basing on equity and liberalism.\r\nHowever, having swerved from good intentions, the modern Christian\r\nnations are caught in the economic crisis, facing the urgency to regain their\r\neconomic strength lavished on the rest of civilizations. The only way to\r\nreach this is to reconsider Christian values....
This paper offers a systematic analysis of the likely economic effects\r\nof oil and gas production and management on the Ghanaian economy. The\r\npaper has been motivated by the fact that some empirical literature report\r\nthat natural resource endowment has not necessarily led to economic\r\ndevelopment in many countries. It is with this apprehension of a possible\r\nnatural resource curse in Ghana, having discovered oil in commercial\r\nquantities that the economic effects of oil and gas production and\r\nmanagement on the Ghanaian economy are worth considering. The paper\r\nprovides basic descriptive analysis of the issues under consideration. It\r\nconcludes that oil and gas production in Ghana does not provide a magic\r\nwand to transforming the economy of Ghana overnight, but the efficient\r\nmanagement and application of the revenues from the sale of the resources\r\nwill provide keys to economic development of Ghana. Again, to ensure\r\nefficient use of the revenues from the resources, the revenues must be spent\r\non specific projects of urgent national importance that could generate more\r\nrevenue in the long run and stand the test of time so as to help posterity to\r\nhave a better judgment of the use of the resources find....
The aim of this paper is to present an economic\r\nevaluation framework of an RFID system implementation\r\nthrough a pilot project with the aim of streamlining logistic\r\nprocesses and compliance with higher level requirements.\r\nThe company involved in the project belongs to the\r\nCPG (Consumer Packaged Goods) food industry, and in\r\nparticular to the alimentary industry, whose principal\r\nscope was to comply the new norms of the sector by\r\nimplementation of a better traceability system. This\r\nsystem, besides being very effective for the scope of the\r\nproject, also had a huge impact in economic terms on\r\nlogistics resources and cost reduction. For this reason,\r\nthe discover of the RFID technology for the company\r\nhas been greatly appreciated at management level, and\r\ntoday other fields of application are under evaluation.\r\nThe added value of this article is contained not only\r\nin the results obtained in the economic evaluations,\r\nbut also in the applied methodology, evidencing the\r\nadvantages obtainable in the processes by cutting no\r\nadded value operations. The economic analysis has\r\nthus been conducted on the basis of this TO-BE process\r\nstreamlining....
This study aims primarily at investigating the impact of\r\nmacroeconomic instability on banking sector lending behaviour in Ghana\r\nusing data on commercial banks and macroeconomic instability from 1992 to\r\n2009. My results under the Co-integration and Vector Error Correction\r\nModeling framework show that bank lending has a long-run relationship\r\nwith macroeconomic instability. The study therefore, recommends that while\r\nbanks should pay adequate attention to the consequences of their firm\r\nspecific characteristics in their lending activities both in the short-run and\r\nlong-run, their worries about macroeconomic instability should be limited to\r\nthe long-run consequences on their lending behaviour. It is also pertinent that\r\nappropriate measures be taken to curtail inflation and sporadic money supply\r\ngrowth making banks become unfavourably disposed to lending given the\r\nattendant negative consequences of loan curtailment on economic growth in\r\nthe long run....
As a means of avoiding stockouts, safety\r\nstocks play an important role in achieving customer\r\nsatisfaction and retention. However, traditional safety\r\nstock theory is based on the assumption of the\r\nimmediate delivery of the ordered products, which is\r\nnot a common condition in businesstobusiness\r\ncontexts. Virtual safety stock theory was conceived to\r\nraise the service level by exploiting the potential time\r\ninterval in the ordertodelivery process. Nevertheless,\r\nits mathematical complexity prevented this technique\r\nfrom being widely adopted in the industrial world. In\r\nthis paper, we present a simple method to test virtual\r\nsafety stock effectiveness through simulation in an\r\ninventory system using a base stock policy with\r\nperiodicreviewsandbackorders.Thisapproachcanbe\r\nusefulforresearchersaswellaspractitionerswhowant\r\nto model the behaviour of an inventory system under\r\nuncertain conditions and verify the opportunity for\r\nsettingupavirtualsafetystockontopof,orinsteadof,\r\nthetraditionalphysicalsafetystock....
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