Saturday, January 25, 2020
Plagiarism and the Casual Plagiarist Essay -- Exploratory Essays Resea
Plagiarism and the Casual Plagiarist It is a random Thursday night on the first floor of Brewster Hall and the Campus of State University when a frazzled young girl wanders into the room of a fellow student inquiring about The Stranger by Albert Camus. She needs to have a three page paper completed by tomorrow and cannot find a kick start on the essay writing process. Since her peers are on the level of the common doormat concerning Camus, she was left without any further help. However, had she just typed ââ¬Å"the stranger, camusâ⬠into Google, three of the first ten sites listed would have directed her to either free or paid essay sites. While this student simply sat down and worked on her paper, the option to find a pre-made research paper was dangerously accessible to this time strapped student. However, it is these emotions that paper sites play up along with a general apathy towards plagiarism among students that make a stressed student deciding whether to plagiarize or not more inclined to go forward with the plagiaristic activity. One of the sites that the aforementioned student could have found a Camus essay on is megaessays.com. This site boasts a four page paper about freedom and death in The Stranger. However, upon signing up for the site, one must register and accept the terms and acceptable use policy, but this policy is a separate page that is not shown when the essay abstract comes up. So, the site that claims ââ¬Å"immediate access to thousands of high quality papers and essaysâ⬠on its main page also has the following in its acceptable use policy (note the spelling of plagiarism on this website): You acknowledge and agree that the license granted under these terms does not pe... ...ttp://libwww.syr.edu/research/ej/index.html>. ââ¬Å"Questionsâ⬠and ââ¬Å"Acceptable Use Policy.â⬠Megaessays.com. 19 September 2004. 2001-2004 Mega Essays LLC. ââ¬Å"School Sucks: Download Your Workload (homepage)â⬠19 September 2004. 1996-2004 School Sucks. . Schoolsucks.com. ââ¬Å"School Sucks- Info-Students.â⬠19 September 2004. 1996-2004 School Sucks. . Rosenfeld, Jesse. ââ¬Å"Students Turned off by Turnitin.â⬠The McGill Daily. 8 September 2003. The Daily Publication Society. . Witherspoon, Abigail. ââ¬Å"This Pen for Hire.â⬠Harper's. June 1995: 49-57. WilsonSelectPlus. E-Journals. State University. 19 September 2004. .
Friday, January 17, 2020
Quality Of Outpatient Service Design Health And Social Care Essay
In Malaysia health-care design, developing spacial design is considered as one of the most of import undertakings in the preliminary design phase. In effect, the result of the design gives an impact to quality of service design. The choice of quality appraisal is of import in support of the mission and criterions of Malaysia health-care services. It is associated with a delivered a user-friendly, efficient and effectual service to the patient. Hence the serviceability construct is attached to user ââ¬Ës perspective rating really appropriate as a measuring. In these fortunes, the functions of installation direction are to understand and be sensitive in this issue. In add-on the installation directors are responsible in making and bettering the design every bit good as the service meets its best map and organisation mission. The intent of this paper is to reexamine and understanding the â⬠serviceability construct â⬠and ââ¬Å" Usability method â⬠as an appraisal the quality of architecture in- usage â⬠. On top of that is to understand the useable method to mensurate health-care services. This paper will be concentrating on three serviceability cardinal factors ; efficiency, effectivity and users ââ¬Ë satisfaction. This overview will assist research workers in their hereafter survey to look into the relationships between the spacial design and ââ¬Å" usability constructs â⬠. This is done by taking into considerations the user experience and outlook of the outpatient spacial design in Malaysia public infirmary. { 10pt infinite } Keywords: outpatient spacial design rating, quality in-use, serviceability construct. { 10pt infinite } { 10pt infinite } { 10pt infinite } INTRODUCTION { Arial 10pt BOLD } { 10pt infinite } { 10pt infinite } The International Organization for Standardization ( ISO ) defines serviceability is a merchandise as ââ¬Å" the extent to which the merchandises can be used by specified users to accomplish specified ends in the specific context of usage with the peculiar environment â⬠. ISO besides pointed out that serviceability is measured based on the three basic parametric quantities ; effectivity, efficiency and satisfaction ( Blakstad, 2008 ; Alexander, 2008 ; Fenker, 2008 ) . Hence usability rating is all about users experience and feedback to the design and environment. It is besides associated between human experience and its influence on people ââ¬Ës apprehensions of a design or installations in-use and the dimension of context-of-use ( Chamorro-Koc,2009 ; Carr, 2010 ) . { 10pt infinite } The serviceability surveies started in the twelvemonth 1950s and emerging from assorted subjects backgrounds and Fieldss and is widely known in relation to applications within merchandise design, information engineering and Human Computer Interaction ( Blakstad, 2008 ; Fenker,2008 ) .Hence it is related to user friendliness and functionality of the system or design meets user demands ( Jenso, 2006 ) . In a built-environment, it started by the Facilities Management field with the construct of duty of the Facility Manager to carry through the demand of stakeholders by cognizing the action and feedback from users experience to edifice in -use. It ââ¬Ës was introduced by International Council for Research and Innovation in Building and Construction ( CIB ) Task Group 51 ââ¬Å" Usability of edifices 2005 â⬠, Workshop W111 ââ¬â ââ¬Å" serviceability of workplaces 2-2008 â⬠and ââ¬Å" serviceability of workplace 3- 2010 â⬠has been established to use constructs of serviceability and to supply a better apprehension of the user experience. Why serviceability { Arial 10pt BOLD } { 10pt infinite } The chief focal point of Facilities Management ( FM ) has for a long clip been related to cost decreases, but in recent old ages, there is a alteration towards the demand for FM to make added value. It more focal points on the result of the procedures in FM and the effects that FM can make to better productiveness and functionality of the organisation and benefits for the stakeholders. Consequently, it related to betterment of environing, people and spacial relationships, societal, functional facet, environment and economic ( Jensen, 2010 ; Low Sui Pheng ; 1996, Diez ; 2009 ) . Therefore, to acquire a quality system or design and satisfied stakeholders involved the duties of the FM as the judge before and after the edifice occupied and during the designed procedure. From the organic structure of literature, there are assorted standards of appraisal involve in a built-environment, particularly related to healthcare sectors, including ; Healthcare design rating: Evidence based design: The rating of how design impact to patient results ( Cama ; 2009 ; Becker ; 2007 ; 2008, ) Post tenancy rating ( POE ) : The systematic rating attached to constructing public presentation and user satisfaction ( Ghazali ; 2010, De Jager ; 2008, Begum ; 2010 ) ââ¬Å" Kansei â⬠technology: The rating of quality design by intercession a users feeling and emotions to better future design. ( Harun ; 2008, Ayas ; 2008 ) Kano theoretical accounts: Related to satisfaction rating and design or service public presentation ( Mustafa, 2002 ) Design quality index ( DQI ) : The appraisal refers to user feedback with edifice building and edifice in usage as a usher for future design ( Volker ; 2010 ) Experimental Research: It associates to prove the variables which influence the topic or histrion by placing the results of the experiment. ( Said ; 2006, Surrenti ; 2009 ) Healthcare Service rating Theoretical and stochastic theoretical accounts: it is choice measurement theoretical accounts. Combination of Discrete Event Simulation ( DES ) and the informations of Patient Classification Systems ( PCSs ) The construct is based on a Staff-Patient Satisfaction Relation Model ( S-PSRM ) ( Komashie ; 2009 ) Service quality ( SERVQUAL ) : It is a measuring related to the spread between the client ââ¬Ës degree of outlook and how good they rated the service by looking at human facets and response to service provided ( reactivity, dependability, empathy and confidence ) ( Medabesh ; 2008, Bahari 2010 ) Service quality & A ; service useable ( SERVUSE ) : Human Factors and Usability in Service Quality Measurement ( by cognizing utilizations outlook and demands ) . Measure service quality through a study instrument termed SERVQUAL. ( Strawderman ; 2008 ; 2006 ) Service Excellence: measurement quality and excellence -direct service user input and engagement in the service planning and bringing procedure ( Abusaid ; 2007 ) Six Sigma -measurement for service quality: to better the nature, criterion and cost of public services as prosecuting a end near-perfection in run intoing client requirements-measurement for service quality ( Abdullah ; 2008 ) Additionally, most of the infirmary in Malaysia ââ¬Ës assessment determines on a quality direction system and to carry through the demands of ISO certification, which concentrating on audit and accreditation of a papers procedure. This can be seen on Malaysia Society for Quality in Health ( MSQH ) rating, which concerns on health care installations, services and in patient safety appraisal and ensures the uninterrupted quality betterment in health care. International Organization for Standardization ( ISO ) , choice direction system ( QMS ) ensures that their internal procedures are able to run into their patients ââ¬Ë and applicable regulative demands in a consistent mode. All this is for bettering the quality of the service or the rating of design, installations or systems impact to the users or organisations. Besides that on top, we can reason this overall appraisal is attached to user satisfaction and organisation betterment. Otherwise serviceability besides touched on user satisfaction but more profoundly to users experience by cognizing in-depth their demands and outlook, which focus on the effectivity and efficiency of quality in-use.ARCHITECTURAL USABILITYIn Space is the machine, Hillier ( 1996, p. 129 ) clarifies that ââ¬Ëthe belongings of intelligibility [ aÃâ à ¦ ] means the grade to which what we can see from the infinite that make up the system [ aÃâ à ¦ ] . ââ¬Ë And further on ââ¬Ëan unintelligible system is one where well-connected infinites are non good incorporate [ aÃâ à ¦ ] . ââ¬Ë With this in head, constellations of edifice layouts have great impact on the users ââ¬Ë behaviour. ( Vrachliotis ; aÃâ à ¦aÃâ à ¦ ) Component layout plays an of import function in the design and serviceability of many technology merchandises. The layout job is besides classified under the headers of wadding, packaging, constellation, container dressing, palette burden or spacial agreement in the literature. The job involves the arrangement of constituents in an available infinite such that a set of nonsubjective scan be optimized while fulfilling optional spatial of public presentation restraints. The layout ends are normally formulated as nonsubjective maps. The aims may reflect the cost, quality, public presentation and service demands. Assorted restraints may be necessary to stipulate spacial relationships between constituents. The specifications of constituents, aims, restraints, and topological connexions define a layout job and an optimisation hunt algorithm takes the job preparation and identifies assuring solution by measuring design options and germinating design provinces. Analysis of aims and restraint s vary from job to job. Spatial knowledge and wayfinding research every bit good as design knowledge are good established as A?elds of research. It is however mostly unknown how designers ground when they try to incorporate manner finding-friendly factors into their designs. Weismans four factors, ocular entree, signage, architectural distinction and floor program complexness provide a comparatively general theoretical base. The function of architectural design on the perceptual experience and mental representation of infinite by worlds is investigated. The navigability and serviceability of reinforced infinite is consistently analyzed in the visible radiation of cognitive theories of spacial and navigational abilities of worlds. It is concluded that a edifice ââ¬Ës navigability and related wayfinding issues can profit from architectural design that takes into history basic consequences of spacial knowledge research. Architectural design of infinite has multiple maps. Architecture is designed to fulfill the different representational, functional, aesthetic, and emotional demands of organisations and the people who live or work in these constructions. The designed spacial environment can be seen as an of import tool in accomplishing a peculiar end, e.g. , making a finish or happening an issue in instance of exigency. ( Steffen WerneraÃâ à ¦.. ) Usability an appraisal of quality in-use { 10pt infinite } Serviceability is about user position on their experience. Those experiences are created non merely by elements which the supplier or direction can command, but besides by elements that are outside of the supplier control that effected end-users experience either positive or negative experience. From the organic structure of literature explain the assortment of experience: It involves the cognitive psychological science, act uponing, emotional reaction, and perceptual experience. However, experience influence by personal reading of a state of affairs based on cultural background, temper, esthesis and physical status. ( Verhoef, 2009 ; McGee, 2004 ; Pullman, 2003 ; Hekkert, 2006 ) . It is an event quality of experience. Harmonizing to Dewey ( 1963 ) it is understood as people ââ¬Ës comprehension of unrecorded events ensuing from their interaction with merchandises and their environment of usage. ( Pullman ; 2003 ) . It is attaching to sensation cognition ensuing from the interaction with different elements of a context of usage. ( Gupta ; 1999, Fenker, 2008 ) . It considered users find alone, memorable, sustainable over clip and knowing and promotes word of oral cavity. ( Pine, 1999 ) . It ââ¬Ës about the persons comparing their outlooks to the results generated by their interaction with a system, service or installations offered. It is an interrelated rhythm of trying to fulfill hopes, dreams, demands, and desires. ( Austere 2003, 2004 ; Hseih, 2009 ; Said,2007 ; Abdullah,2008 ; Alexander,2010 ; Alho, 2008 ; Garde, 2008 ; Hignett, 2009 ) . It ââ¬Ës an attitude on how users feel about their experience, while they ââ¬Ëre utilizing it, how good it serves their intents and tantrums into the full context in which they are utilizing it â⬠( Alben 1996 ) .The manner it feels in their custodies, how good they understand how it works. Therefore, it can be concluded that usability surveies as a portion of a cultural phenomenon from understanding user ââ¬Ës experience. It is a portion of human behaviour activities and reaction survey or to value of terminal user satisfaction. Quality of experience is user ââ¬Ës outlooks that benefit to stop users, which influence to societal factors, emotional, and physical well being after deliver or reaction to plan or service. It impacted of a individual ââ¬Ës wellness on his or her ability to take a carry throughing their demands or life ( Carr ; 2001 ) . Quality can be defined as the mark that is intended to be reached. In the literature, there are several nomenclatures used to specify the term quality. Which is quality is a method of acknowledging, implementing, and entering good manners of action. Consequently, from a organic structure of usability literature in the built-environment, most of the rating is measured the values of users experience, and it related to ap praisal of quality in-use. ( as shows in table 1 ) . Table 1: Serviceability standards and results assessment in Built environmentAuthor/ focal pointServiceability standardsOutcomes -quality of experienceGranath ; 2008. Introducing the construct of usability-evaluate the results of design The consequence of the artefact Serviceability: Effectiveness ; can users complete undertakings, achieve ends with the merchandise. Efficiency ; user attempt does necessitate making the undertaking. Satisfaction ; the fulfilment of desire or a demand. Garde ; 2008 Quality design Patient country ; ( DfU and DfE ) Ambient experience The merchandises need to be operable for changing individuals with diverse. It depends on the backgrounds and users state of affairs. Comfortable-Ergonomic facets, Physical- and cognitive interaction Emotion -feel at place Handiness Aesthetics- feeling Easy to learn- user friendly Efficiency-distance Space of privateness Jenso ; 2008 Quality of design -patient focus-usability standards Flexibility: Area flexibleness Structural flexibleness Technical flexibleness Functionality: Operational functionality Structural functionality Ergonomic functionality Communicative functionality Adaptability- generalization ââ¬â flexibleness ââ¬â snap, Functionality-Usefulness, Accessibility, Aestheticss Identity ( internal ) -Image ( external ) , refering wellness, environment and safety, physical milieus, efficiency and cost in usage, and wellbeing and satisfaction among dwellers Voordt ; 2009 Quality architecture in usage design ( infirmary ) range ability ; handiness ; efficiency ; flexibleness ; safety ; spacial orientation ; privateness, territoriality & A ; societal contact ; wellness and physical wellbeing ; and Sustainability. relate chiefly to the user value of the edifice ( is it easy to utilize ) , to psychological wellbeing to physical wellbeing to environmental quality embracings useful, psychological and physical facets every bit good Rasila ; 2010 Journey experience serviceability dimensions that end-users utilize when they assess the serviceability of reinforced environments Dimensions: Efficiency Flexibility Learnability Memorability bar of mistakes Handiness Navigation Functionality Atmosphere Ocular design Interaction and feedback Satisfaction End product: Efficiency Flexibility Learnability Memorability Amount/tolerance/ bar of mistakes Handiness Navigation Functionality Atmosphere Interaction and feedback Servicescape Feeling secure Space Networks Alexander ; 2010 Quality acquisition environment Enjoyable Memorable Valuable. Co-learning, Co-production, Benefit to user, Connectivity, Healthy and safe, Eco footmark, Visually pleasing, meaningfulinstruction result:Increase equity and entree to instruction, Improve educational effectivity Raise degrees of accomplishment & A ; attainment. Strawderman ; 2008 ; 2006 Quality and serviceability of health care clinic service: SERVUSE, was created by modifying SERVQUAL Service quality: Dependability Tangibles Responsiveness Assurance Empathy 5 usability factors ; learn ability, efficiency, memorability, low mistakes. Satisfaction. Usability result: Excellent clinics ââ¬â simple to utilize. Patients of first-class clinics will be able to larn how to utilize the system easy. Information sing first-class clinics will be easy to find. & amp ; easy to understand. Kazanasmaz,2006 design efficiency Spatial orientation layout & A ; motion, Size of infinite. Capacity of point ( bed ) Functional Classification of Spaces- Primary infinites, Secondary infinites and Circulation infinites Walking distances, spaced utilised, light strength, forms of motion, services. journeys ââ¬Ë frequence of happening, types of journeys, and distances Barlow ; 2007 Swanepoel ; 2010 Needs and Quality for future library design. interior public library to animate usage Serviceability affect by demographic and experience, which will impact their initial accomplishments. Functional and modern, aesthetically delighting, friendly design, gratifying and memorable experiences Way finding- Signage and initial orientation devices, handiness, acquaintance, landmark, user friendly, easy to utilize, Steering -future design Creates gratifying and memorable experiences.Usability rating standards and procedure of ratingPurpose of this pilot is observation dues to the issue and to prove the method of informations aggregation and prove the serviceability rating model. Whereas those related to the chief aim of this survey are to research and detect the behavior activities of user experience the serviceability of healthcare spacial design from the patient ââ¬Ës outlooks and feedback. The rating derived from Voordt 2005 ; 2009, which is an appraisal on healthcare architecture- in usage, utilizing 9 dimension, ( 1 ) range ability and parking installations, ( 2 ) handiness, ( 3 ) efficiency, ( 4 ) flexibleness, ( 5 ) safety, ( 6 ) spacial orientation, ( 7 ) privateness, territoriality and societal contact, ( 8 ) wellness and physical wellbeing and, ( 9 ) Sustainability. This rating adopted from NHS, Achieving Excellence Design Evaluation Toolkit ( AEDET ) : its Post tenancy Evaluation ( POE ) Toolkit with the systematic questionnaire ( Excel-based plan ) related to how edifice performed, provides three cardinal countries ; ( 1 ) functionality- usage, entree and infinite, ( 2 ) impact -character and invention, signifier and stuffs, staff and patient environment, urban and societal integrating, and ( 3 ) build quality and standard public presentation, technology and building ( AEDET development, NHS ; 2010 ) This survey was conducted in a replacing infirmary. A replacing infirmary is a new infirmary built to replace the original infirmary which had been closed or turned into the province wellness section or wellness clinic. Presently there are 11 replacing infirmaries and 9 have been in operation for this survey, and three infirmaries have been selected, in which the infirmary began runing in 2000 and above. It focuses on the northern part of peninsular Malaysia, is due to Lack of research worker survey and concentrate on this country and concentrate on spacial design. Two replacing infirmary been chosen with a different class, territory infirmary with 11 medical subjects and 498 beds and territory infirmary with 250 beds.The 10 respondent from each infirmary been interviewed during the walkthrough procedure due to the limited country within anteroom, parking country, outpatient country and entree to specialist clinic. The serviceability appraisal method is suited for usage in the appraisal cause the deficiency of qualitative appraisal, which in-depth focal points on patient experience and outlook. Furthermore, Usability is the measurement methods related to human factors, which is focused on understanding benefits and restrictions of the human organic structure and associated with the direction and usage of Facilities and environment. This geographic expedition pilot survey is to cognize the easiness of usage and how the system matches with the existent state of affairss which focus on: Patient experience and outlook to spacial design characteristics: Flexibility of design attaches to serve waiting process inclusive the factors effectual and efficient standards that contribute to their satisfaction. Chemical reaction and feedback of the patient journey experience through the spacial design environment and orientation start from the handiness aspect to make the service or their ends. This appraisal it has been use to happen the standards for the chief instance surveies ââ¬Ë appraisals. The methods of roll uping informations used in this survey are walkthrough observation and unstructured interviews of patients and visitants journey experience. In the early serviceability trial, study had been behavior, but the consequence finds merely fewer respondents want to be involved in that study. Therefore, those two methods of roll uping informations had been chosen and more answering action to the interview. As we mentioned the walkthrough and interview method had been chosen in this information aggregation technique. It had done cause deficiency of dependable appraisal method that thoroughly observes and identifies the user ââ¬Ës action from their experience the existent thing. Acknowledging the demand for a conjunct response to what had been design or been using from the direction or the medical contriver. Walkthrough observation behaviour activities by watching people use their environment and activities related to spatial-relationship and surrounding. It has done by analyses of the infinite and motions ââ¬Å" tour â⬠of the edifice measuring different qualities of maps of environment. In the same clip Interviews had used to back up worlds without upseting their activities. Interviews utile to back up behavior reaction, and we will cognize in-depth information around the subject and related issue. Those methods being used to cognize the expected utilizations, new utilizations and abuses of design, recognized demands by acquiring the narrative behind a participant ââ¬Ës experiences.Usability issues from pilotDuring the pilot, there are few cardinal inquiries of interview and observation standards related to how users experience the spacial design. It is reflecting to the chief research inquiries of the surveies: How the serviceability of spacial design can act upon the health care spacial design in order to bring forth choice architectural in-use? Why the patients concern on their procedure of journey experience and how their outlook from the spacial design to reflect support to the manner it used by them? The specific cardinal inquiries for this chief interview are: How do you experience about this infinite? Why its of import? How your experience utilizing all the installations along your journey experience and are those installations easy be used? What do you believe of this infinite and are the installations needs betterment? You want to travel where and from where? How about you ââ¬Ëre experiencing and what your outlook from this experience? What are the jobs you encounter to that country? Keys of observation during visitants or patients walking into the mark country by placing any mistakes: How a respondent identified the space- utilizing signage/ map/ inquiring person. Chemical reaction to any of the serviceability issues highlighted by them. Chemical reactions of household, kids, friends who accompany patients to those above standards. The decision in this little pilot survey, we identified several serviceability jobs explains the position of patients and visitants to their experience in hospital spacial design and the account of serviceability standards in table 2. Table 2: Patient experience and outlook to healthcare design and installations provided.Pilot survey 1 & A ; 2: Quality in-useUsability issues-from interview sessionUsability standards agencies[ aÃâ à ¦ ] Do n't cognize how to travel to the cafe and other area/space and every clip to happen an country, we will inquire the security guard or receptionist. I ca n't read, I merely can acknowledge the topographic point if the signage got image or symbol. My kid is already tired, they want to travel dramaâ⬠¦ â⬠¦ but in the chief land floorâ⬠¦ afraid to allow them travelâ⬠¦ I ca n't see from here aÃâ à ¦the inside is excessively world-weary and that ââ¬Ës no topographic point for childs to play or making others activities. There ââ¬Ës non adequate sitting unit, the puting it ââ¬Ës excessively difficult and the agreement of puting unit it ââ¬Ës difficult for me to pass on with each others. Waiting so long but it ââ¬Ës nil to make and I like to wait in the anteroom aÃâ à ¦.can see the people, landscapeâ⬠¦ . and it ââ¬Ës so deadening sit in a topographic point that uncle received intervention, merely watching Televisionâ⬠¦ Feel non safe aÃâ à ¦walking through stairway aÃâ à ¦ lower limit of light entree and the country are closed. It possible if the bannister attaches to the wall -it ââ¬Ës easy for me to walk and rest for a minute aÃâ à ¦ I ââ¬Ëm already old Handiness Learn ability -Landmark Memorability Way finding-Signage system Space orientation -distance and relationship Landmark Functions Well being- Emotion Physical Comfort Bored Friendly infinite Entertainment- divert activities privateness, territoriality and societal contact ; Reach ability Physical support flexibleness of design demand for disableThe differences issues from two instancesUsability standards agenciesPilot 1:Sekarang hujanaÃâ à ¦.daripada tempat letak kereta ke entryway takde bumbung. The lavatory is clean but the door is really heavy for me with wheel chair aÃâ à ¦nice if there were separate male and female spaceaÃâ à ¦ experience more comfortableaÃâ à ¦tired waiting for my ma at that place no H2O ice chest? Aesthetic elements Design visual aspect Ambient Safety componentPilot 2:Kawasan untuk anak2 ade tapiaÃâ à ¦.tak menarik dan tiada permainan -ruang jeraÃâ à ¦kecil sangat pulak tu Kawasan menunggu khat luar ni panas emmmmaÃâ à ¦tiada peneduh dan pokok2 kenapa La takde pokok besar aÃâ à ¦.bolehlah kami rehat aÃâ à ¦.tengoklah kerusi banyakaÃâ à ¦tapi dash rosak -sakit lak tu kalu tunggu lama aÃâ à ¦uhhh bosannyer..nasib baik ade television aÃâ à ¦kalau tunggu khat kedai kopi lagi best boleh sembang-sembang The decision from the two instances we findded that most of the issue higligted aÃâ à ¦related to demands of household membersaÃâ à ¦..and concern their activitive. Hence to deviate their feeling of menunggu terlalu lamaaÃâ à ¦.dan keaadaan sitting country juga memainkan peranan aÃâ à ¦budaya aÃâ à ¦.suka bersembangaÃâ à ¦..lelakiaÃâ à ¦..dan terdapt spiritual and privateness aÃâ à ¦.concern ceperate aÃâ à ¦araea between adult male and adult females Even though from that serviceability issues, in this pilot survey besides we can reason there are several standards impacting that serviceability and influence the respondent satisfaction, which are an outlook of effectual and efficient standards from the service or design. ( Table 3 explains the influences of serviceability standards ) . Table 3: The procedure of patient and visitants experiencePatient Procedure: terminal users experience ââ¬â outpatient service and what service provided?Patient phase outpatient / to specialist clinic service work flowFirst service Presentment the measure Appointment Expectation Physical journey to clinic Waiting ââ¬â experience Appointment & A ; follow up CoatingWhat Patients need to cognizeAccessibility and reach ability facet before enter? Where to travel & amp ; referred? How its work ââ¬â How easy to happen & amp ; familiar, how long it takes to make? When, where, how, what outlook When, where, how, what expected How to acquire at that place? What expected? What to do/ How long? What can I/kids/elderly/ immature people do? direction & A ; action What should I make next? after / following assignment Where to travel?What Patients need to cognizeFirst service Presentment the measure Expectation enrollment outlook Waiting ââ¬â experience Physical journey to guard Target country experiencepatient/visitors stage to inpatient country service work flowAccessibility & A ; reach ability facet before enter? Where to travel. How its work ââ¬â Familiar of the infinite, how long it takes to make the country. When, where, how, what outlook When, where, how, what expected How to acquire at that place? What expected? When will be called? What can I/kids/elderly/ immature people do? Their feeling/action Instruction & A ; action. Spatial design/ environment and ambient What should I make next? After / following assignment ââ¬â Where to travel? { 10pt infinite }Discussion{ 10pt infinite } In drumhead, we explore that serviceability principles is human factors. It is a reaction between the applications or proviso of service provided to the user, whether it is good or non.As good as the serviceability parametric quantity is defined the effectivity is, whether the design or installations provided effectual and good to consumers in full and run into the outlook. While Efficiency is related to something that is easy accessible, do non take excessively long to be resolved and it is related to clip and distance. This issue is non often been raise compared to effectiveness standards. Satisfaction is a grade or value of satisfaction related to the both parametric quantities. But all the serviceability standards depend on the background, their physical status and their state of affairs. { 10pt infinite }
Wednesday, January 8, 2020
Rationalism in Philosophical Traditions
Rationalism is the philosophical stance according to which reason is the ultimate source of human knowledge. It stands in contrast toà empiricism, according to which the senses suffice in justifying knowledge. In one form or another, rationalism features in most philosophical traditions. In the Western tradition, it boasts a long and distinguished list of followers, including Plato, Descartes, and Kant. Rationalism continues to be a major philosophical approach to decision-making today. Descartes Case for Rationalism How do we come to know objects ââ¬â through the senses or through reason? According toà Descartes,à the latter option is the correct one. As an example of Descartes approach to rationalism, consider polygons (i.e. closed, plane figures in geometry). How do we know that something is a triangle as opposed to a square? The senses may seem to play a key role in our understanding: we see that a figure has three sides or four sides. But now consider two polygons ââ¬â one with aà thousand sides and the other with a thousand and one sides. Which is which? In order to distinguish between the two, it will be necessary to count the sides ââ¬â using reason to tell them apart.For Descartes, reason is involved in all of our knowledge. This is because our understanding of objects is nuanced by reason. For example, how do you know that the person in the mirror is, in fact, yourself? How does each of us recognize the purpose or significance of objects such as pots, guns, or fences? How do we distinguish one similar object from another? Reason alone can explain such puzzles. Using Rationalism as a Tool for Understanding Ourselves in the World Since the justification of knowledge occupies a central role in philosophical theorizing, it is typical to sort out philosophers on the basis of their stance with respect to the rationalist vs. empiricist debate. Rationalism indeed characterizes a wide range of philosophical topics. How do we know who and whatà we are?à à Rationalists typically claim that the self is known through a rational intuition, which is irreducible to any sensorial perception of ourselves; empiricists, on the other hand, reply that the unity of the self is illusory.à What is the nature of cause and effect? Rationalists claim that causal links are known through reason. The empiricists response is that it is only because of habit that we come to be convinced that, say, fire is hot.How do we know which actions are ethically correct? à Kant argued that the ethical worth of an action can be understood only from a rational perspective; ethical evaluation is a rational game in which one or more rational agents envisage their actions under hypothetical conditions.à Of course, in a practical sense, it is almost impossible to separate rationalism from empiricism. We cannot make rational decisions without the information provided to us through our senses, nor can we make empirical decisions without considering their rational implications.
Tuesday, December 31, 2019
Leadership Styles Leadership And Management Skills
With a population that continues to live longer with chronic illnesses; it is likely that rapid, and dramatic changes will continue to occur in nursing as well as the health care industry. As the profession continues to grow, it will become increasingly important for the nurse to develop skills in both leadership and management roles (Marquis, B. L., Huston, C. J., 2017). For optimal functionality, a great leader most possess both leadership and management skills. Gadner (1990) asserted that integrated leader-managers possess six distinguishing traits. These include. 1) They think long term. 2) They look outward, toward the larger organization. 3) They influence others beyond their own group. 4) They emphasize vision values, andâ⬠¦show more contentâ⬠¦Some examples observed were the leaders expressing how excited they were about the direction the company was taking regarding the responsibility of RNs. This was discussed in front of the RNs, The RNs were observed reacting in a positive way to the changes proposed. My belief is that it was the infectious way the leadership brought about the topic that made the RNs more receptive to the ideas. The way we communicate is the key to any successful relationship. This includes our work relationships as well. In observing the different leadership styles, I believe Democratic Leadership has the most respectful communication. In this style of leadership, the manager asks the staff to be involved in the decision making process, Although the manager still has the final say on an issue, the involvement of staff allows them to feel heard and valued. As the staff feels more valued, they will feel more loyal to the company and their job satisfaction will increase. These factors will all contribute to lower turnover rate for the organization with will then attract qualified applicants. There are many positive outcomes that are attributed to using the Democratic Leadership style. These include: A more positive work environment; because the staff feel more valued, they are more invested in their work. In this environment the staff and management work together to find solutions which results in less conflict over the final decision. Another benefitShow MoreRelatedEffectiveness Of Leadership Skills Styles At Team Level Management Position3100 Words à |à 13 Pagesa variety of factors such as leader-follower relations, leadership styles and situational factors (Reynolds Rogers, 2003). An effective leader should also be flexible, innovative and wisely use his/her power statics to improve organizational performance (Crutchfield Roughton, 2013; Davidson, 2012; Norton, 2010). Based on these concepts, this report aims to explore the effectiveness of leadership skills styles at team level management position in maximizing team performance in Real Estate IndustryRead Mor eTime Management Assessment And Concepts1107 Words à |à 5 Pages Time Management Norma Valdez-Rosa South University Online Time Management Time Management is a skill that is used to organize our time in order to accomplish the tasks at hand in an efficient and effective manner. Time management is a skill that is a very critical element for all nurses; it is about working smarter, not harder. Time management keeps us from wasting our time and being able to provide better care for our patients and help reduce stress. As nurses, being ableRead MoreNotes On Life Styles Inventory979 Words à |à 4 Pages Life Styles Inventory Jameka S. Carter Ms. Hallcom 9/14/14 Ã¢â¬Æ' Life Styles Inventory Introduction Individuals possess different skills that have an impact on their thinking and management style. The style varies from individual to individual depending on their opinions, perceptions, thoughts, and skills. The Life Style Inventory is a tool, which can be used to analyze and evaluate the management and leadership skills of an individual. The LSI has different styles and individuals can rateRead MoreManagement And Leadership : Costa Coffee Shop Ltd1414 Words à |à 6 PagesManagement and leadership Costa Coffee Shop Ltd Report Introduction In every corner of a successful organisation, management and leadership has a strong connection, cannot divide one from another because both has to complement each other in many ways. Many authors and theorists argued that management is completely different skill than leadership and others just insist that leadership is a skill of a management studies in which needed to be updated with the world permanent variables of globalisationRead MoreSkills And Style Survey : Walden University1178 Words à |à 5 PagesWk2AssgnJLayman: Skills and Style Survey Walden University Ph.D. Public Policy and Administration Ã¢â¬Æ' Introduction This is an introduction to the Skills Inventory introduced in Chapter 3 of the textbook ââ¬Å"Leadership: Theory and Practiceâ⬠by Peter Northouse, a tool by which one can measure leadership strengths in three major skill areas, Technical, Human Conceptual (Northouse, 2016). An additional introduction is made to the Leadership Behavior Questionnaire, which measures the type of leadership behaviorRead MoreDifference Between Leadership And Management1438 Words à |à 6 PagesIt seems leadership and management are used often in articles or conversations to mean the ââ¬Å"sameâ⬠style or same individual when using leader versus manager. However, there are just as many articles or conversations where there is a drastic difference between the two. I believe it could be seen as confusing because many individuals use both styles. The individual has to observe his or her followers, realize the work environment and have a clear understanding of the vision for the goal. Nevert helessRead MoreEssay about Participative Leadership Style1260 Words à |à 6 PagesParticipative Leadership Style In providing leadership guidance to employees with the purpose to motive and influence employees, I would use the Participative Leadership Style. The Participative Leadership style addresses the improvements for increasing the productivity of employees as well as providing satisfactory to the employees. A leader can certainly appreciate the Participative Leadership Style because it is orientated to empower the employees by encouraging participationRead MoreLeadership : Leadership And Leadership1605 Words à |à 7 PagesLeadership Examined There have been many great leaders down through history. Leaders that have influenced change throughout many aspects of society. Great leaders have great influence. The effectiveness of a leader is determined by his leadership style. With so many styles to choose from, and the fact that not one style fits all situations, becoming an effective leader is a challenging task. One reflective note is that it is important to cultivate good leadership skills. One must evaluate personalRead MoreThe Basic Functions Of Management1537 Words à |à 7 PagesManagement Management is defined as the process of coordinating people, and other resources to achieve the goals of an organization. Management consists of a variety of things and very active job and duty. Management includes knowing basic management function, what types of managers there are, skill-sets required to be a manager, leadership quality, and decision making. Altogether these different sections are taken in a much broader perspective diving into the four main resources of managementRead More1. Introduction. This Assignment Will Be Focusing On Leadership1375 Words à |à 6 Pagesassignment will be focusing on leadership styles plus the appropriate leadership style for the efficient running of a radiography department. Firstly, itââ¬â¢s important that we define what leadership is. According to Swanepoel (ed. 2014:385) leadership is the process by which a person exerts influence over other people and inspires, motivates and directs their activities to help achieve group and orga nizational goals. There are a range of leadership styles for effective management in different environments
Monday, December 23, 2019
An Essay About Irreversible And Its Effects On Life Essay
In the days following the in-person research, Patients continued to think about irreversible joint damage and its implicationsââ¬â namely, loss of mobility and independence. My take-away has been about thinking long-term. I want to live with as little damage to my body as possible. If I can prevent this, I will have peace of mind that I ve done, on my part, all I can ââ¬â RA, NYC The thing that stuck with me was the reminder that any damage is irreversible ââ¬â RA, NYC The main word that comes to mind is, irreversible. It was the one word everyone could relate to and it s a huge reality check. What I m dealing with is irreversible, there s no going back. The question is, what am I going to do to move forward ââ¬â RA, NYC Iââ¬â¢m thinking about Irreversible, Cannot be undone, Attack back, Future is now, Powerful ally ââ¬â PsA, Dallas It affects every aspect of my life especially the emotional side of losing the ability to do the things that I once was able to do. I also continue to be very concerned about further damage to my body - RA, Dallas In addition to being sticky, irreversible joint damage is also a powerful call to action. Most Patients have already or plan to find out more about biologics by contacting their rheumatologists, finding out if their insurance will cover the cost, and learning more about the experiences of other treaters by asking around and doing online research. I now have a stronger sense of urgency as to the care of my PsA. I feel I really need to get itShow MoreRelatedWhy Assisted Suicide Should Be A Right For Everyone879 Words à |à 4 Pagesfor suffer a great deal during my time as a paramedic. During that span I have wondered and questioned why someone of their own free will not choose to end their own suffering. Working in this environment gave me some insight as to what others felt about the subject. One quote that has always stood out to me is ââ¬Å"People want the right to die at a time of their own choosing. Too many families have watched helplessly as a relative dies slowly, longing for deathâ⬠. (Toynbee) Some Doctors and nurses areRead MoreThe Silent Pool, The Tell Tale Heart, And Things Fall Apart965 Words à |à 4 PagesGooboora, The Silent Pool deals with the relationship of the Aboriginal people of Australia and colonialization, while The Tell-Tale Heart deals with an outsiderââ¬â¢s effect on the main characterâ â¬â¢s subconscious. Things Fall Apart, however, is a mixture of both conflicts that were mentioned. Each of the three texts show how the outside negatively effects the inside. In the poem, Gooboora, The Silent Pool by Oodgeroo Noonuccal, it shows some aspects of the aftermath from colonialism in Australia and how it hasRead MoreTaking a Look at Climate Change1400 Words à |à 6 PagesClimate change is a very real and prevalent issue in todayââ¬â¢s society. So what can we do to stop it? Can we reverse the effects that have already taken place? This essay will address the issues of climate change, answer questions and talk about prevention. It is said that the Earthââ¬â¢s climate has been changing for the past century (State Government of Victoria, 2014). There is new found, stronger evidence that there have been increases in the average temperature across the globe and that the believedRead MoreHow The Constant Drilling For Oil And Extraction Of Minerals1672 Words à |à 7 PagesIndigenous Beings and Animals: Furthermore, In ââ¬Å"Oil Extraction and Indigenous Livelihoods in the Northern Ecuadorian Amazonâ⬠the article speaks about how the constant drilling for oil and extraction of minerals, constantly penetrates into the lives of indigenous people, undermining their lives and well being. This article proves my point that by the constant need to destroy our planet by extracting oil, the lives of those around it are being affected. Factors such as pollution and contamination asRead MoreAldo Leopoldââ¬â¢S Essay ââ¬Å"The Land Ethicâ⬠Was Published In1122 Words à |à 5 PagesAldo Leopoldââ¬â¢s ess ay ââ¬Å"The Land Ethicâ⬠was published in A Sand County Almanac. The short paper confronts the imperfections in the most common approaches in preserving the environment. Leopoldââ¬â¢s answer is to develop a new branch of environmental ethics to model humanityââ¬â¢s ever-changing relationship with the environment. Leopold observantly describes the history of ethics, the meaning of community with the land and why itââ¬â¢s appropriate to do so. Toward the end of the essay ââ¬â as the reader is ready forRead MorePotiential Future Effects of Global Warming1834 Words à |à 7 Pagesglaciers, rising sea level, severe storms, heavy flooding, reduced snowfall in the north and a severe drought in the south. It will also have a number of effects on the flora and fauna in the future. Scientists predict that global warming in the near future may cause a mass extinction of wildlife, affecting more than 1 million species, i.e. about a quarter of all kinds of currently known. W orld overheating causes significant changes in climatic conditions and it can damage sensitive ecosystems inRead MoreAn Emotional Bond Between Children And Their Caregivers Essay1562 Words à |à 7 Pagesthe child will suffer from irreversible long term consequences. He also claimed that mothering is useless after this critical period, meaning that if the child does not form an attachment during this critical period he will unable to form an attachment later on in life. (Simplypsychologyorg, 2016) Main Body: Earliest form of evidence, case studies. However, small samples, heterogeneity and no opportunity to attach. The term ââ¬Å"early adversityâ⬠is a broad concept. This essay will focus on children whoRead MoreShould Meat Be A Vegetarian?1566 Words à |à 7 Pagesnutritionists now use a different model that weighs the risk of deficiency against the risk of excess. Before, nutritionists fixated on what the vegetarian diet was missing, instead of also cautioning people against the hazardous and possibly fatal effects of eating meat. This newer model more accurately depicts vegetarians as having fewer health risks and more health benefits than individuals who eat meat. While good nutrition is simple to maintain, there are precautions that vegetarians must takeRead MoreThe Death Of The Moth And The Sixth Extinction?1647 Words à |à 7 Pagesanimals, and vivid imagery to accompany it. There are many differences between the two essays, especially regarding matters such as voice, tone, and the intended audience, there is a larger similarity in how both essays approach their common subject with imagery. I suggest, that because of the overwhelming presence of imagery, despite differences in other rhetorical strategies, both Woolf and Kolbertââ¬â¢s essays show a deeper understanding of how to emotionally draw in readers, and that quality of excellenceRead MoreEffects Of Deprivation And Privation Of A Maternal Attachment On Orphans1568 Words à |à 7 Pages This essay will look at research into the effects of deprivation and privation of a maternal attachment on orphans in both Romania and around the world. Attachment is the emotional tie to a parent that an infant experiences, giving the child security. It develops gradually to the primary care giver and is important for survival (Boyd Bee, 2009). In some cases children may experience a disruption of this attachment which is known as deprivation (Key Book Ref). Bowlbyââ¬â¢s (1965) maternal deprivation
Sunday, December 15, 2019
How Does Priestly Present Birling in Act One and Two Free Essays
Birding is presented as very smug and egotistical when Priestly uses the stage directions ââ¬Ëconfidentlyââ¬â¢ and ââ¬Ëlaughs complacently. These show Birding is not afraid to show his importance and status. It also shows his arrogant nature that emphasizes he wants to dominate the situation, yet when the inspector arrives he loses his authority. We will write a custom essay sample on How Does Priestly Present Birling in Act One and Two or any similar topic only for you Order Now ââ¬ËComplacentlyââ¬â¢ shows he thinks other people with a lower status are stupid and unimportant. Priestly wants the audience to see Brings inflated opinion of himself and show Birding is the opposite of Priestly moral. Birding especially expresses his self- righteousness to the Inspector when he says ââ¬Ël donââ¬â¢t see that its any concern Of yours how I choose to run my businessââ¬â¢. This shows that Birding thinks he is higher class and more important than the Inspector and he therefore is not worthy of an opinion. It also shows Birding does not like to be challenged so will show off to prove he is better and assert authority. Birding is revealed to be very selfish and have no understanding of community this is shown when e says ââ¬Ëa man has to make his own wayââ¬â¢. This shows Birding is only worried about himself and his money. It also conveys his lack of empathy towards those not as fortunate as him. Brings selfish philosophy conflicts with Priestly message about responsibility and community which is empathetic by the doorbell. The doorbell gives the audience a clue of what the moral of the play is. Priestly uses dramatic irony to show that Birding is patronizing and as an archetypal capitalist Birding looks down on others. He says ââ¬Ëthatââ¬â¢ll have ergot all these capitalist versus labor agitations and all these silly little war scaresââ¬â¢. It displays that Birding thinks that Labor are just lower class people that donââ¬â¢t know what theyââ¬â¢re talking about. Also Brings narcissistic attitude emphasizes his lack of empathy like how he doesnââ¬â¢t see his employees as people but just cheap labor. Priestly uses dramatic irony to make the audience suspicious of Brings judgment and wonder what else he could be wrong about. In Act Two Birding is shown to be very arrogant when e says ââ¬Ël protest against the way in which my daughter, a young unmarried girl is being dragged into thisââ¬â¢. This implies Birding is more caring towards Sheila than Eric. This is because Sheila is marrying a rich, respectable man that can be bring good to Brings business whilst Eric isnââ¬â¢t doing anything to help Birding make money. ââ¬ËUnmarried girlââ¬â¢ suggests Birding feels a woman is not strong without a man by her side and seeââ¬â¢s women as something to make his life more comfortable. In conclusion I think Priestly presented Birding in n exaggerated way that would show the audience what he thinks the world is like. Priestly is showing that he thought the people of 1 912 needed to learn to become a community and be responsible for each other as a war and other horrors is coming soon. He then uses dramatic irony to show that if people had seen that they are responsible for each other than a war could have been avoided. Priestly, as a model socialist, therefore wishes that in 191 2 he could have done more about helping others to realist just like the Inspector did. How to cite How Does Priestly Present Birling in Act One and Two, Papers
Saturday, December 7, 2019
Investment & Portfolio Management-Free-Samples-Myassignmenthelp
Questions: 1.Identify the major asset classes that are likely to feature in each of the types of managed funds listed below. In addition, propose and briefly justify a typical asset allocation for each type of fund. 2.Identify the major asset classes that are likely to feature in each of the types of managed funds listed below. In addition, propose and briefly justify a typical asset allocation for each type of fund. 3.What is the duration, modified duration and dollar duration of this bond?What will be the estimated price change on the bond if interest rates increase by 0.10 per cent (10 basis points)? 4.Assume that the dividend is expected to grow at 20 per cent for the next 3 years and then settle down to 8 per cent per year. What price would the share sell for today? Answers: 1.Benchmark index for tracking the performance of securities/stock exchange Australia SP/ASX 50 USA NYSA Arca Major market Index Hong Kong Hang Seng Index Japan Nikkei 225 England FTSE 100 China SSE Composite Index Major asset classes and asset allocation Stable fund the stable fund is more conservative investment which is aimed at outperformance of cash and boosting the returns through blending the cash with specific shares. Main goal of various investors are to increase the cash without increasing the considerable risk (Huang, Li Shi, 2016). The major asset class under stable fund is cash that includes term deposits, bank deposits, cash management trusts and cheque and savings accounts. This is suitable for the investors those have the short-term preference and lower risk tolerance level. It offers low and stable risk income, generally in form of the regular payments of interest equally. Under stable fund the potential return as well as the risks both is low. No minimum timeframe is recommended for this fund. Balanced fund the balanced fund invests in the combination of specific selected fixed incomes, shares and the commodity investments in Australia and international market for providing long-term growth without much downs and ups. The major asset class under balanced fund is fixed interest that includes corporate bonds, government bonds, hybrid securities and mortgage securities (Samudhram, Siew, Sinnakkannu Yeow, 2016). It is more volatile as compared to the cash, still it can be considered as relatively stable. It operates generally in the same way of loan. Return on income is normally in form of regular payment of interest for the agreed time period. Recommended time frame for this asset is minimum 1 to 3 years. Under stable fund the potential return as well as the risks both is moderate. Growth fund the growth funds main objective is to offer long term growth of capital through investing in the high quality and large Australian organizations. It offers well-diversified investing portfolio in wide range of the industry sectors. The major asset class under growth fund is property that includes direct investment in commercial, residential and industrial property and the indirect investment like vehicles. It may also include equities that include international equities and Australian equities. Growth funds generally has the high return as well as the risk involved is high (Bateman et al., 2014) The property is of long term nature, generally 7 years or more and the exit and entry cost involved with this is considerably high. The returns under equity fund include the capital loss or growth and the income through the dividends. Further, the equities are considered to be most volatile class of asset over the long term time frame. However, it involves the part ownership for any company that enables the investor to share profits and the future growth. Typical asset allocation Asset class High growth Growth Diversified Socially responsible Balanced fund Stable fund Australian equities 30% 22% 26% 16% 6% International equities 37% 29% 24% 21% 7% Alternatives 28% 28% 26% 28% 29% Fixed income 0% 10% 18% 20% 20% Cash 5% 10% 6% 15% 38% Total 100% 100% 100% 100% 100% Justification for asset allocation For allocating the assets, an active strategy is adopted to avail the advantages from the market conditions through temporary decreasing or increasing the exposures to the particular class of asset. This will help in protecting the investors from the risks of overexposures to the expensive market and get the additional return through increasing the exposures to class of assets while they will be attractive. 2.Taking into consideration the 1st derivative of the bond or any security that offers fixed income, the price (P) with regard to the yield to maturity (R) delivers the following (dP/P) / [dR/(1+R)] = - D Economic interpretation of the above equation is D is the measure of percentage change in price of the bond for the given change in percentage with respect to yield to maturity that is the interest elasticity (Khalil et al., 2014). Further, the above equation can be written as follows for providing the practical application dP = -D[dR/(1+R)] P To be stated in other ways, if the duration factor is known, the change in the bond price owing to the small changes in the rate of interest, R, may be forecasted through the above formula. 3.Duration, modified duration and the dollar duration Duration Duration of the treasury bond of $ 1,000 that is paying the semi-annual coupon rate of 10% per annum and selling at par at present with 11 years of maturity will be as follows Period Cash flow Period*cash flow PV of $1 @ 5% PV of cash flow 1 $ 50.00 $ 50.00 0.95238 $ 47.62 2 $ 50.00 $ 100.00 0.90703 $ 90.70 3 $ 50.00 $ 150.00 0.86384 $ 129.58 4 $ 50.00 $ 200.00 0.82270 $ 164.54 5 $ 50.00 $ 250.00 0.78353 $ 195.88 6 $ 50.00 $ 300.00 0.74622 $ 223.87 7 $ 50.00 $ 350.00 0.71068 $ 248.74 8 $ 50.00 $ 400.00 0.67684 $ 270.74 9 $ 50.00 $ 450.00 0.64461 $ 290.07 10 $ 50.00 $ 500.00 0.61391 $ 306.96 11 $ 50.00 $ 550.00 0.58468 $ 321.57 12 $ 50.00 $ 600.00 0.55683 $ 334.10 13 $ 50.00 $ 650.00 0.53032 $ 344.71 14 $ 50.00 $ 700.00 0.50507 $ 353.55 15 $ 50.00 $ 750.00 0.48102 $ 360.77 16 $ 50.00 $ 800.00 0.45811 $ 366.49 17 $ 50.00 $ 850.00 0.43630 $ 370.86 18 $ 50.00 $ 900.00 0.41552 $ 373.97 19 $ 50.00 $ 950.00 0.39573 $ 375.94 20 $ 50.00 $ 1,000.00 0.37689 $ 376.89 21 $ 50.00 $ 1,050.00 0.35894 $ 376.89 22 $ 1,050.00 $ 23,100.00 0.34185 $ 7,896.74 Total $ 13,821.15 Therefore, the duration will be ($ 13,821.15/$ 1,000) / 2 = 6.91 Modified duration Modified duration = D / (1 + R/2) = 6.91 / (1+ 0.10/2) = 6.581 Dollar duration Dollar duration = MD * P = 6.581 * $1,000 = $ 6,581 Estimated price change if Interest rate increases by 10 basis point that is, 0.10% Estimated price change = - dollar duration * change in rate = - 6,581 * 0.001 = - $ 6.581 Therefore, the new prices will be $ 1,000 - $ 6.581 = $ 993. 419 Interest rate decreases by 20 basis point that is, 0.20% Estimated price change = - 6,581 * - 0.002 = $ 13.162 Therefore, the new price will be $ 1,000 + $ 13.162 = $ 1,013.162 Rate change Estimated price Actual price Error +0.001 $993.419 $993.369 0.099 -0.002 $1,013.162 $1,013.364 -0.203 4.Under constant growth Current price of the share P0 = ?, D = 0.20, g = 0.08, R = 0.16 P0 = D1 / (R g) = $0.20 (1.08)1 / (0.16 - 0.08) = $0.216 / 0.08 = $ 2.7 Share price in 5 years P5 = D6 / (R g) = $0.20 (1.08)6 / (.16 - .08) = $0.20 * 1.587 / 0.08 = $3.9675 Under non-constant growth - The dividend is expected to grow at the rate of 205 for next three years and thereafter it will settle down at 8% per year. Price of the stock at year 3 will be P3 = D3 (1 + g) / (R g) = D0 (1 + g1)3 (1 + g2) / (R g) = $0.20(1.20)3(1.08) / (.16 .08) = 0.373 0.08 P3 = $ 4.666 The stocks price today will be the PV of 1st three dividends plus PV of the year three stock price. Therefore, the stock price today will be P0 = $0.20(1.20) / 1.16 + $0.20 (1.20)2 / (1.16)2 + $0.20 (1.20)3 / (1.16)3 + $4.666 / (1.16)3 = 0.207 + 0.214 + 0.221 + 2.989 = $ 3.631 References Bateman, H., Deetlefs, J., Dobrescu, L. I., Newell, B. R., Ortmann, A., Thorp, S. (2014). Just interested or getting involved? An analysis of superannuation attitudes and actions.Economic Record,90(289), 160-178. Bodie, Z. (2013).Investments. McGraw-Hill. Huang, H., Li, M., Shi, J. (2016). Which matters:Paying to play or stable business relationship? Evidence on analyst recommendation and mutual fund commission fee payment.Pacific-Basin Finance Journal,40, 403-423. Hyman, J., Dor, A. B., Dynkin, L., Horowitz, D., Xu, Z. (2014). Coupon Effects on Corporate Bonds: Pricing, Empirical Duration, and Spread Convexity.The Journal of Fixed Income,24(3), 52-63. Jordan, B. (2014).Fundamentals of investments. McGraw-Hill Higher Education. Khalil, R., Al Horani, M., Yousef, A., Sababheh, M. (2014). A new definition of fractional derivative.Journal of Computational and Applied Mathematics,264, 65-70. Samudhram, A., Siew, E. G., Sinnakkannu, J., Yeow, P. H. (2016). Towards a new paradigm: Activity level balanced sustainability reporting.Applied ergonomics,57, 94-104.
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