Finance For Managers Assignment Example | Topics and Well Written Essays - 5000 words - 1

Finance For Managers - Assignment Example The management of any firm is faced with the task of dealing not only with the short term challenges faced by the business, but they must also have a long term vision for the company. Each company has its own internal advantages called Strengths that enable it to do better than some others in the industry. Likewise, each company also has its own internal deficiencies called Weaknesses that prevent it from making full use of its resources and abilities. Like it or not, all firms operating within a particular industry are similarly faced with uniform challenges from the external environment like the legal, social, economic and technological changes that may emerge as Opportunities for the industry if they give it an advantage, or Threats for an industry if they challenge its well being and continuity in the business environment. Jools Furniture Industries Ltd. likewise has its own set of strengths and weaknesses, and is also faced with opportunities and threats from the external enviro nment. It is clear that it must take some action to offset these internal and external challenges if it is to survive and prosper as a continuing business enterprise. This paper is divided into three parts. ... In Part III, we shall assess the proposal for an ?1.8 million loan to be taken by the Kitchens Division of the business, based on the current gearing and ROI criteria as traditionally maintained by the company, and also suggest two other alternatives in this regard. PART I Brief Analysis of the Present Position of the Furniture Business Looking at the industry scenario given in the case, it appears that the furniture industry in the UK is highly specialized and moving towards maturity. In this stage of the product life cycle, there are a whole lot of producers and manufacturers of a product and the competition is intense, hence every firm is looking at ways to enlarge its business and increase its capacity in different areas. Jools Furniture Industries Ltd. has also done the same over the years and has managed to create four different divisions, each dealing in a different type of product or delivering to a different market. We have the Kitchens Division, the Quality Division, the Be drooms Division and the Office Division. The marketplace can also be classified into the Domestic, the Office and the Contract market. The domestic market is geared towards serving the public, mainly through retail outlets and making products for household use. The domestic market constitutes 58 percent or the major chunk of the market demand. On the other hand, the office market deals mainly with products concerning desking, seating, tables, cabinets and other items for the office environment. The office market consists of 13 percent of the total market demand. The contract market caters to the needs of furniture for public areas such as hotels, schools, residential accommodation and airports. The contract market constitutes 29 percent or little less

Finite element analysis2 Essay Example | Topics and Well Written Essays - 1000 words

Finite element analysis2 - Essay Example It can be used to analyze either small or large-scale deflection under loading or applied displacement. It and can analyze determine elastic deformation, or "permanently bent out of shape"permanent plastic deformation. The Widespread use of personal and mainframe computers in the second half of the 20th century catalyzed applications involving FEA is required because ofdue to the astronomical number of calculations needed to analyze analyse a large structure. Today, FEA is an integral part of nearly all design and development projects. As mentioned, thisThis report has been complied compiled to document the results of of tensile testing on a buckle connection simulated by the Finite finite Element element Analysis analysisof a buckle connection. The function objective of the FE Analysisanalysis was to obtain determine the maximum stress max of the buckle connection, which is based must be designed to resist withstand a 450 Kg kg of tensile loadon, as written in assignment. It is also important to note that although the method of finite elements is a powerful analysis tool that is widely applied, it is still simply an approximate numerical estimate. In other words, although results accurate enough for engineering purposes are obtainable via precise modelling and adequate numbers of elements, exact solutions are highly unlikely.The buckle connection was designed to be made from Stainless Steel plate. A comprehensive set of properties for the specified material is shown in table 1 Material properties of Stainless Steel The next section discusses the assumptions made in preparing for the analysis; then the modelling is described. The subsequent sections include the finite element analysis calculations, a discussion and then conclusions and recommendations are provided. ASSUMPTIONSAssumptions: As in any engineering problem, the first step is to develop a list of assumptions which will be used as guidelines to help bound the physical problem. Assumptions necessary for finite element analysis are divided into four categories: geometry, properties, mesh, and boundary conditions. In the begging of doing this report in FEA Package there are numbers of assumptions were made which give create more imaginations as key in testing any design before test it in real life. First, in terms of the geometry, it is assumed that the drawings provided are accurate representations of the buckle and also that the determination of pass/fail judgement for the part is based simply on the tensile test of the flat plate of the buckle and that no other variations in the standard belt assembly come into play, e.g. length of the belt, etc. Shell elements are utilized and it is assumed that they can adequately model the part. Thickness of the buckle was assumed to be constant across the part and the element type chosen was selected in part because its input data allows incorporation of thickness values. ly Material properties were the next consideration whereby it was assumed that all material properties supplied provided by the designerin the problem statement were correct accurate and provided a true representation of the material specifiedto be analysed. . Ambient temperature and pressure are assumed to have no effect on the analysis results. Another basic assumption made was that the material was homogeneous and isotropic and had no discontinuities or residual