Comparative Advantage Concept and Benefits of Outcome Essay Example

Comparative Advantage: Concept and Benefits of Outcome Essay From Wikipedia, the free encyclopedia Jump to: navigation, search In economics, the law of comparative advantage refers to the ability of a party (an individual, a firm, or a country) to produce a particular good or service at a lower opportunity cost than another party. It is the ability to produce a product with the highest relative efficiency given all the other products that could be produced. 1][2] It can be contrasted with absolute advantage which refers to the ability of a party to produce a particular good at a lower absolute cost than another. Comparative advantage explains how trade can create value for both parties even when one can produce all goods with fewer resources than the other. The net benefits of such an outcome are called gains from trade. It is the main concept of the pure theory of international trade. Contents | |[hide] | |1 Origins of the theory | |2 Examples | |2. 1 Example 1 | |2. Example 2 | |2. 3 Example 3 | |3 Effect of trade costs | |4 Effects on the e conomy | |5 Considerations | |5. 1 Development economics | |5. Free mobility of capital in a globalized world | |6 See also | |7 Notes | |8 References | |9 External links | [pic][edit] Origins of the theory Comparative advantage was first described by Robert Torrens in 1815 in an essay on the Corn Laws. He concluded it was to Englands advantage to trade with Portugal in return for grain, even though it might be possible to produce that grain more cheaply in England than Portugal. However, the concept is usually attributed to David Ricardo who explained it in his 1817 book On the Principles of Political Economy and Taxation in an example involving England and Portugal. [3] In Portugal it is possible to produce both wine and cloth with less labor than it would take to produce the same quantities in England. However the relative costs of producing those two goods are different in the two countries. We will write a custom essay sample on Comparative Advantage: Concept and Benefits of Outcome specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Comparative Advantage: Concept and Benefits of Outcome specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Comparative Advantage: Concept and Benefits of Outcome specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In England it is very hard to produce wine, and only moderately difficult to produce cloth. In Portugal both are easy to produce. Therefore while it is cheaper to produce cloth in Portugal than England, it is cheaper still for Portugal to produce excess wine, and trade that for English cloth. Conversely England benefits from this trade because its cost for producing cloth has not changed but it can now get wine at a lower price, closer to the cost of cloth. The conclusion drawn is that each country can gain by specializing in the good where it has comparative advantage, and trading that good for the other. edit] Examples The following hypothetical examples explain the reasoning behind the theory. In Example 2 all assumptions are italicized for easy reference, and some are explained at the end of the example. [edit] Example 1 Two men live alone on an isolated island. To survive they must undertake a few basic economic activities like water carrying, fishing, cooking and shelter constr uction and maintenance. The first man is young, strong, and educated. He is also faster, better, and more productive at everything. He has an absolute advantage in all activities. The second man is old, weak, and uneducated. He has an absolute disadvantage in all economic activities. In some activities the difference between the two is great; in others it is small. Despite the fact that the younger man has absolute advantage in all activities, it is not in the interest of either of them to work in isolation since they both can benefit from specialization and exchange. If the two men divide the work according to comparative advantage then the young man will specialize in tasks at which he is most productive, while the older man will concentrate on tasks where his productivity is only a little less than that of the young man. Such an arrangement will increase total production for a given amount of labor supplied by both men and it will benefit both of them. [edit] Example 2 Suppose there are two countries of equal size, Northland and Southland, that both produce and consume two goods, food and clothes. The productive capacities and efficiencies of the countries are such that if both countries devoted all their resources to food production, output would be as follows: †¢ Northland: 100 tonnes †¢ Southland: 400 tonnes If all the resources of the countries were allocated to the production of clothes, output would be: †¢ Northland: 100 tonnes Southland: 200 tonnes Assuming each has constant opportunity costs of production between the two products and both economies have full employment at all times. All factors of production are mobile within the countries between clothes and food industries, but are immobile between the countries. The price mechanism must be working to provide perfect competit ion. Southland has an absolute advantage over Northland in the production of food and clothes. There seems to be no mutual benefit in trade between the economies, as Southland is more efficient at producing both products. The opportunity costs shows otherwise. Northlands opportunity cost of producing one tonne of food is one tonne of clothes and vice versa. Southlands opportunity cost of one tonne of food is 0. 5 tonne of clothes, and its opportunity cost of one tonne of clothes is 2 tonnes of food. Southland has a comparative advantage in food production, because of its lower opportunity cost of production with respect to Northland, while Northland has a comparative advantage in clothes production, because of its lower opportunity cost of production with respect to Southland. To show these different opportunity costs lead to mutual benefit if the countries specialize production and trade, consider the countries produce and consume only domestically. The volumes are: |Production and consumption before trade | |Country |Food |Clothes | |Northland |50 |50 | |Southland |200 |100 | |TOTAL |250 |150 | This example includes no formulation of the preferences of consumers in the two economies which would allow the determination of the international exchange rate of clothes and food. Given the production capabilities of each country, in order for trade to be worthwhile Northland requires a price of at least one tonne of food in exchange for one tonne of clothes; and Southland requires at least one tonne of clothes for two tonnes of food. The exchange price will be somewhere between the two. The remainder of the example works with an international trading price of one tonne of food for 2/3 tonne of clothes. If both specialize in the goods in which they have comparative advantage, their outputs will be: |Production after trade | |Country |Food |Clothes | |Northland |0 |100 | |Southland |300 |50 | |TOTAL |300 |150 | World production of food increased. clothes production remained the same. Using the exchange rate of one tonne of food for 2/3 tonne of clothes, Northland and Southland are able to trade to yield the following level of consumption: |Consumption after trade | |Country |Food |Clothes | Northland |75 |50 | |Southland |225 |100 | |World total |300 |150 | Northland traded 50 tonnes of clothes for 75 tonnes of food. Both benefited, and now consume at points outside their production possibility frontiers. Assumptions in Example 2: †¢ Two countries, two goods the theory is no different for larger numbers of countries and goods, but the principles are clearer and the argument easier to follow in this simpler case. †¢ Equal size economies again, this is a simplification to p roduce a clearer example. Full employment if one or other of the economies has less than full employment of factors of production, then this excess capacity must usually be used up before the comparative advantage reasoning can be applied. †¢ Constant opportunity costs a more realistic treatment of opportunity costs the reasoning is broadly the same, but specialization of production can only be taken to the point at which the opportunity costs in the two countries become equal. This does not invalidate the principles of comparative advantage, but it does limit the magnitude of the benefit. Perfect mobility of factors of production within countries this is necessary to allow production to be switched without cost. In real economies this cost will be incurred: capital will be tied up in plant (sewing machines are not sowing machines) and labour will need to be retrained and relocated. This is why it is sometimes argued that nascent industries should be protected from fully lib eralised international trade during the period in which a high cost of entry into the market (capital equipment, training) is being paid for. Immobility of factors of production between countries why are there different rates of productivity? The modern version of comparative advantage (developed in the early twentieth century by the Swedish economists Eli Heckscher and Bertil Ohlin) attributes these differences to differences in nations factor endowments. A nation will have comparative advantage in producing the good that uses intensively the factor it produces abundantly. For example: suppose the US has a relative abundance of capital and India has a relative abundance of labor. Suppose further that cars are capital intensive to produce, while cloth is labor intensive. Then the US will have a comparative advantage in making cars, and India will have a comparative advantage in making cloth. If there is international factor mobility this can change nations relative factor abundance. The principle of comparative advantage still applies, but who has the advantage in what can change. †¢ Negligible transport cost Cost is not a cause of concern when countries decided to trade. It is ignored and not factored in. Before specialization, half of each countrys available resources are used to produce each good. †¢ Perfect competition this is a standard assumption that allows perfectly efficient allocation of productive resources in an idealized free market. [edit] Example 3 The economist Paul Samuelson provided another well known example in his Economics. Suppose that in a particular city the best lawyer happens also to be the best secretary, that is he would be the most productive lawyer and he would also be the best secretary in town. However, if this lawyer focused on the task of being a lawyer and, instead of pursuing both occupations at once, employed a secretary, both the output of the lawyer and the secretary would increase, as it is more difficult to be a lawyer than a secretary. [citation needed] [edit] Effect of trade costs Trade costs, particularly transportation, reduce and may eliminate the benefits from trade, including comparative advantage. Paul Krugman gives the following example. [4] Using Ricardos classic example: |Unit labor costs | |Cloth |Wine | |Britain |100 |110 | |Portugal |90 |80 | In the absence of transportation costs, it is efficient for Britain to produce cloth, and Portugal to produce wine, as, assuming that these trade at equal price (1 unit of cloth for 1 unit of wine) Britain can then obtain wine at a cost of 100 labor units by producing cloth and trading, rather than 110 units by producing the wine itself, and Portugal can obtain cloth at a cost of 80 units by trade rather than 90 by production. However, in the presence of trade costs of 15 units of labor to import a good (alternatively a mix of export labor costs and import labor costs, such as 5 units to export and 10 units to import), it then costs Britain 115 units of labor to obtain wine by trade – 100 units for producing the cloth, 15 units for importing the wine, which is more expensive than producing the wine locally, and likewise for Portugal. Thus, if trade costs exceed the production advantage, it is not advantageous to trade. Krugman proceeds to argue more speculatively that changes in the cost of trade (particularly transportation) relative to the cost of production may be a factor in changes in global patterns of trade: if trade costs decrease, such as on the advent of steam-powered shipping, trade should be expected to increase, as more comparative advantages in production can be realized. Conversely, if trade costs increase, or if production costs decrease faster than trade costs (such as via electrification of factories), then trade should be expected to decrease, as trade costs become a more significant barrier. edit] Effects on the economy Conditions that maximize comparative advantage do not automatically resolve trade deficits. In fact, many real world examples where comparative advantage is attainable may require a trade deficit. For example, the amount of goods produced can be maximized, yet it may involve a net transfer of wealth from one country to the other, often because economic agents hav e widely different rates of saving. As the markets change over time, the ratio of goods produced by one country versus another variously changes while maintaining the benefits of comparative advantage. This can cause national currencies to accumulate into bank deposits in foreign countries where a separate currency is used. Macroeconomic monetary policy is often adapted to address the depletion of a nations currency from domestic hands by the issuance of more money, leading to a wide range of historical successes and failures. [edit] Considerations [edit] Development economics The theory of comparative advantage, and the corollary that nations should specialize, is criticized on pragmatic grounds within the import substitution industrialization theory of development economics, on empirical grounds by the Singer–Prebisch thesis which states that terms of trade between primary producers and manufactured goods deteriorate over time, and on theoretical grounds of infant industry and Keynesian economics. In older economic terms, comparative advantage has been opposed by mercantilism and economic nationalism. These argue instead that while a country may initially be comparatively disadvantaged in a given industry (such as Japanese cars in the 1950s), countries should shelter and invest in industries until they become globally competitive. Further, they argue that comparative advantage, as stated, is a static theory – it does not account for the possibility of advantage changing through investment or economic development, and thus does not provide guidance for long-term economic development. edit] Free mobility of capital in a globalized world Ricardo explicitly bases his argument on an assumed immobility of capital: if capital freely flowed towards those countries where it could be most profitably employed, there could be no difference in the rate of profit, and no other difference in the real or labour price of commodities, than the additional quantity of labour required to convey them to the various markets where they were to be sold. [5] He explains why, from his point of view , (anno 1817) this is a reasonable assumption: Experience, however, shows, that the fancied or real insecurity of capital, when not under the immediate control of its owner, together with the natural disinclination which every man has to quit the country of his birth and connexions, and entrust himself with all his habits fixed, to a strange government and new laws, checks the emigration of capital. [5] Some scholars, notably Herman Daly, an American ecological economist and rofessor at the School of Public Policy of the University of Maryland, have voiced concern over the applicability of Ricardos theory of comparative advantage in light of a perceived increase in the mobility of capital: International trade (governed by comparative advantage) becomes, with the introduction of free capital mobility, interregional trade (governed by Absolute advantage). [6] Adam Smith developed the principle of absolute advantage. The economist Paul Craig Roberts notes that the comparative advantage principles developed by David Ricardo do not hold where the factors of production are internationally mobile. [7][8] Limitations to the theory may exist if there is a single kind of utility. Yet the human need for food and shelter already indicates that multiple utilities are present in human desire. The moment the model expands from one good to multiple goods, the absolute may turn to a comparative advantage. The opportunity cost of a forgone tax base may outweigh perceived gains, especially where the presence of artificial currency pegs and manipulations distort trade. [9] Global labor arbitrage, where one country exploits the cheap labor of another, would be a case of absolute advantage that is not mutually beneficial. [10][11][12] Economist Ha-Joon Chang criticized the comparative advantage principle, contending that it may have helped developed countries maintain relatively advanced technology and industry compared to developing countries. In his book Kicking Away the Ladder, Chang argued that all major developed countries, including the United States and United Kingdom, used interventionist, protectionist economic policies in order to get rich and then tried to forbid other countries from doing the same. For example, according to the comparative advantage principle, developing countries with a comparative advantage in agriculture should continue to specialize in agriculture and import high-technology widgits from developed countries with a comparative advantage in high technology. In the long run, developing countries would lag behind developed countries, and polarization of wealth would set in. Chang asserts that premature free trade has been one of the fundamental obstacles to the alleviation of poverty in the developing world. Recently, Asian countries such as South Korea, Japan and China have utilized protectionist economic policies in their economic development. [13] [edit] See also

Travelodge And Budget Hotels In The Uk Tourism Essay Essay Example

Travelodge And Budget Hotels In The Uk Tourism Essay Essay Example Travelodge And Budget Hotels In The Uk Tourism Essay Essay Travelodge And Budget Hotels In The Uk Tourism Essay Essay Travelodge is the first budget hotel launched in 1985 in UK. It operates 380 hotels with 26,500 room in the UK. Travelodge is be aftering to turn 1000 more hotels by 2020. It employs above 5500 people and 87 % of the engagement are made online. The UK hotel market is estimated around 700,000 suites ( beginning: Melvyn Gold, Qualification of serviced adjustment supply in UK , December 2007 ) UK hotel market is segmented chiefly into four classs, Brander full service which has 14 % of the market portion, branded budget 12 % branded mid market 62 % and unbranded mugwumps 62 % .the current economic environment has seen addition in bead out of unbranded mugwumps and people prefer to book with branded budget due to web coverage, trade name strength strong balance sheet and distribution. Grant Hearn, Travelodge CEO, commented: 2008 was another record twelvemonth of growing for the Travelodge trade name with over 19 % gross growing . Room sold increased by 9 per centum to 6 million The growing of Travelodge has been unbelievable but company faced a few challenges and one of the major challenge company is confronting is overbooking. Overbooking is one of the of import gross direction tool in hotels operation direction to run efficaciously and heighten profitableness. Gross Management is seen as an of import technique in the hotels operation and hence to maximise their grosss, hotels are progressively implementing Revenue Management patterns ( Hwang and Wen, 2009 ) . As a effect of implementing such systems, many companies in the service sector such as hotels consistently overbook capacity in order to maximise the gross at one peculiar point in clip ( Wangenheim and Bayon, 2007 ) . If overbooking is non implemented right it can ensue in loss of room gross, loss of hotel repute, decreased client trueness and lessening hotels profitableness. This study discusses the chief features of overbooking and its impact on the company in theoretical and practical prospective. Theoretical penetrations of overbooking One of the cardinal constructs in Revenue Management is overbooking. The pattern of overbooking can be defined as corroborating more reserves than the hotels available physical capacity to supply the service. ( Ivanov, 2006 ; Ivanov, 2007 ; Chiang et Al 2007 ; McGill, new wave Ryzin,1999 ; Kamath, Bhosale, Manjrekar,2008 ) . Hence, the aim of overbooking is to better the expected net income and alternatively of selling each room one time, net income can be increased by selling it several times ( Birkenheuer, 2009 ) . In fact, overbooking as an built-in portion of Revenue Management has received important attending from literature. From a historical position, overbooking is present in the surveies of Falkson ( 1969 ) , Simon ( 1968 ) , Vickrey ( 1972 ) and many others. The major aim of these surveies was to sketch a control pattern for cancellations. Nowadays, overbooking has become an emerging affair in industries with perishable merchandises. It yields considerable impacts on companies public presentation. In footings of the cordial reception industry, the profitableness of hotels is mostly dependent on their use of capacity. Conversely, demand for suites and extensions of stay are really unstable and are difficult to foretell ( new wave Ryzin, 2005 ) . Hoteliers are challenged by how to find the business of suites for clients who are financially unequal and meanwhile maintain a stable rate of demand given the difficult to foretell fortunes ( Okumus, 2004 ) . This is all possible utilizing overbooking, which enables proper allotment of resources and optimisation of gross revenues. However, maximising the figure of sold suites per dark can non be easy accomplished. One of the most ambitious undertakings of the hotel operation direction is to cover with the unpredictable nature of the clients, because non all booked reserves will turn into existent service ingestion ( Lai et al, 2005 ) . To this terminal overbooking may imply a company from the cordial reception industry non being able to function all its clients decently because of lower figure of ab initio expected people that do non look as agreed. In this regard, overbooking may hold both positive and negative impact. On the one manus, it may ensue in refusal to supply a service, but on the other, it can besides take the signifier of compensation for those booking agents, who can non have the value bundle they have agreed on and paid for ( Kimes and Wagner, 2001 ) . From their practical experience directors know that all non engagements confirmed for a peculiar day of the month will be truly used ( Ivanov, 2006 ) . There are several possible scenarios that can do this. Despite of their reserves, because of different fortunes some invitees cancel their stay and end their reserves, some does non call off their engagement but fail to demo up, or other invitees cut down their stay and as a consequence the room remains unsold and therefore capacity non use is lost everlastingly ( Ivanov, 2006, Talluri et Al, 2004 ; Chiang et Al, 2007 ; Hung, 2004 ; Bitran ; Leon, 1989 ) . Therefore hotels adopt overbooking in order to protect against losingss with no-shows and to countervail the consequence of cancellations and shortened corsets ( Hwang and Wen, 2009 ; Kamath et Al, 2008 ; Selmi, 2008 ; Chiang et Al 2007 ; Hung, 2004 ; Sulistio, Kim, and Buyya, 2008 ) . Impacts of overbooking on hotels operation direction Apart from the chance of the hotel to minimise the consequence of reserve uncertainnesss there are possibilities the figure of cancellations and no shows to be less so the figure of overbookings, so some of the clients will non be accommodated and should be walked to other hotels ( Ivanov, 2006 ) . Therefore, if a hotel decides to use overbooking in its operations it should pull off carefully non merely the chance cost of the unsold room but besides the overbooking costs for alternate hotel adjustment and transit that the hotel has to pay in order to counterbalance a client in instance of overbooking ( Ivanov, 2006 ; Hung, 2004 ) . Besides the apparent fiscal costs happening in instance of walking a invitee holding already booked, costs the lost hotel s good will and repute and the hazards of dissatisfaction, loss of trust, loss of future client trueness are much more expensive for the hotel ( Selmi, 2007 ) . Overbooking policy and control Harmonizing to Selmi ( 2007 ) , the hazard of client refusal appears if the overbooking is no accomplished exactly . In this respect, Kimes ( 1989 ) emphasized on the importance of a clearly stated overbooking policy within the hotel operation direction. The aim of overbooking policy and control is to happen an optimum overbooking degree to maximise the expected gross and to minimise the possible hazard of denied service ( Chiang et al 2007 ) . Netessine and Shumsky ( 2002 ) as cited by Ivanov ( 2006 ; 2007 ) proposed a basic mathematical theoretical account for ciphering the optimum figure of overbookings and harmonizing to his findings the optimum overbooking degree is reciprocally related to the sum of cancellation charges applied the closer the cancellation charge to the room rate, the lower the lost benefit from the unoccupied room and the less stimuli to overbook . In instance of presence of guaranteed and non-guaranteed engagements, Ivanov ( 2007 ) suggests that the optimum figure of overbookings has to be set individually for each type. Alternatively, harmonizing to Hung ( 2004 ) factors that could be considered while puting overbooking bounds include: chances of cancellation and no-show ; room demand distribution over clip and conditions of length of stay ; stay extension chances influenced by the intended length of stay. Furthermore Hung ( 2004 ) assumes that the proportion of cancellations depends on the client class, intended length of stay, twenty-four hours of hebdomad of first stay over, and clip until first stay over. Impact of overbooking on client behaviour Harmonizing to Talluri et Al ( 2004 ) overbooking is often cited in client ailments and remains the primary beginning of dissatisfaction. Furthermore, consequences of an experiment made by Wangenheim and Bayon ( 2007 ) confirm that the pattern of overbooking is likely to be perceived as unjust by service clients. Wangenheim and Bayon ( 2007 ) analyze behavioural effects of the equity towards overbooking by suggesting and corroborating several hypotheses. Harmonizing to their research the negative effects of service failure originating from overbooking are stronger for the high position client than for the low position clients and hence, hotelkeepers have to carefully overbook its high-values categories . Additionally, Wangenheim and Bayon ( 2007 ) stress on the importance that if a hotel ignores the log-run behaviour effects of overbooking, this may take to negative effects on its operations. One such negative effect is proposed to be a client who faces a denied service due to overbooking and still remains hotels client because of either high fixed exchanging barriers or current trueness rank plans. However, in response to the service failure the client may set its investing into the exchange relationship non merely by diminishing the figure of gross revenues, but besides by seeking to take advantage of price reduction offers or buying lower degree services from the hotel ( Wangenheim and Bayon, 2007 ) . On the other manus, Hwang and Wen ( 2009 ) analyze the consequence of the sensed equity toward hotels overbooking and compensation patterns by analyzing clients reactions toward hotel overbooking. Some of their most critical findings from this survey are that adult females are more likely than work forces to experience that overbooking is unjust , clients perceptual experiences to the equity of overbooking is non affected by other client variables including length of stay, rank position, remunerator beginning, reserve channel, and reserve clip ; participants perceived equity toward the hotel s overbooking and compensation policies were strongly correlated with positive viva-voce promotion. One of the most of import consequences of the research shows that the sensed equity of the participants toward the hotel s compensation policy is related to their trueness. Therefore, Hwang and Wen ( 2009 ) propose that hotels should see planing compensations that help positively influence cli ents perceived fairness toward overbooking and that encourage clients on-going backing and trueness. In a decision, issues like finding the optimum figure of extra reserves, minimising compensation cost, and covering with the negative effects from clients confronting a denied service are considered as the most ambitious countries of the pattern of overbooking and every hotel endeavoring to maximise its profitableness should non undervalue them ( Sulistio, Kim, and Buyya, 2008 ) . Practical Deductions of overbooking As the cordial reception industry is germinating, hotel proprietors and hotel directors are invariably seeking to update their attacks in order to accomplish optimum allotment of resources. Novelli, Schmitz and Spencer ( 2006 ) have discovered that hotelkeepers make every attempt to use modern-day engineerings in their concern. By this deduction, hotel directors and proprietors do non merely prolong competitory advantage, but besides create new merchandises and services. In position of this, it can be concluded that execution of new engineerings that create new merchandises is a technological invention ( Evangelista, 1999 ) . On the other manus, the execution of advanced engineerings to a service company can hold a important influence in footings of operational efficiency ( Freeman and Soete, 1997 ) . Additionally, Porter ( 1990 ) supports the latter thesis by foregrounding that the public presentation of a company is extremely dependent on new engineerings. In position of technological inventions today many hotels recognize the importance of overbooking pattern and therefore its execution has become by and large recognized measure toward hotels successful operations. The practical application of Revenue Management and Overbooking incorporates the undermentioned built-in elements ( Vinod, 2004 ) : Figure 1 Revenue Management application Degree centigrades: UsersamadDesktopCapture.JPG Beginning: Vinod, B. ( 2004 ) , Journal of Revenue A ; Pricing Management Market cleavage: Segmenting clients harmonizing to their penchants and disbursement forms is a must to do certain the most appropriate clients with absolutely fitted properties are sold the proper suites that can maximise grosss ( Oliveira, 2003 ) . Specifying rate categories ( stock list pooling ) : Involves making groups of the bing rates that close in footings of value ( Vinod, 2004 ) . Demand prediction: demand prediction is indispensable to find room tenancy. In the context of Revenue Management it is of import as it can command tenancy utilizing the information of length of stay. This can be achieved by possessing informations on rate category demand and continuance of stay ( Vinod, 2004 ) . Supply prediction: earlier and late check-out procedures can besides find room tenancy, which is an component besides involved in Revenue Management. Overbooking control: encompasses gross revenues of suites transcending the maximal available figure of suites to countervail for no shows and cancellations. However, there are some hazards associated with overbooking as it may ensue in grudges from unsated clients who have received an inappropriate room. In such instances hotelkeepers offer compensations and periphery benefits ( Smith, 1982 ) . Harmonizing to Vinod ( 1992 ) Revenue Management can convey 20 % of the entire grosss. Revenue mix control and exclusion processing: involves be aftering of import hereafter day of the months with discretion and fiting them with overbooking degrees ( Vinod, 2004 ) . Performance measuring and direction coverage: closely size uping the Revenue Management processes is indispensable to track down the information quality and future be aftering footing. However, in order to take a hotel into a victorious way, overbooking has to be managed and controlled really carefully. Ivanov ( 2006 ) defines the direction of overbooking as a set of managerial techniques and activities connected with uninterrupted planning, reserve and control and he outlined two chief groups of activities that should be performed in the day-to-day hotel operation. The hotel directors should on one manus, to specify an optimum figure of overbookings for each day of the month and continuously to modify it harmonizing to the market alterations of the hotel and the specific demand and booking spiels and on the other manus, to pull off carefully determinations and operational activities related with walking invitees with overbookings. In this respect, Ivanov ( 2006 ) proposes that factors such as length of stay, suites rates and client position have to be considered by hotel directors while covering with walking a invitee with confirmed reserve. Additionally, Kimes ( 1989 ) analyzes several managerial concerns indispensable for an effectual overbooking pattern and states that top direction can non presume tha t Revenue Management will merely go on, it requires careful planning and preparation . Therefore employees have to be intensively trained in order to clearly understand the purpose and features of overbooking. Furthermore, employees who are straight covering with overbooking determinations have to be sporadically trained how to act in possible client struggles and to take their ain determinations in an unfamiliar state of affairs ( Ivanov, 2006 ) . In order to be minimized the possible client dissatisfaction in instance of overbooking, it is critical for the hotel to set up service recovery programmes with standardised processs and to do employees to be cognizant and follow them ( Ivanov, 2006 ) For a profitable applied overbooking in the cordial reception industry, hotels must understand non merely consumers behaviour but besides to see the impact of competition and the presently economic state of affairs that imposes important supply and demand fluctuations. As hotels compete with each other in order to pull more clients, Revenue Management determinations of one hotel necessarily act upon the demand for other hotels in the same part or country. However, recent tendencies propose that hotels should join forces with is rivals that consequence in increased figure of formed confederations with each other to maximise their gross ( Chiang et al, 2007 ) Revenue Management s challenges in the cordial reception industry As explained before, Revenue Management finds application to two important industries: cordial reception and air hose. The first one, nevertheless, is much more complex in footings of industry impregnation and suites direction. This creates hurdlings for the optimu m operation of Revenue Management techniques. In the hotel industry Revenue Management can be applied either locally or via centralised system. The 2nd one involves garnering informations and taking determinations from a focal site for other belongingss. In pattern merely a limited figure of hotels and hotel ironss are able to pull off centralized informations processing and hence the bulk of participants on the cordial reception industry opt for belongings based Revenue Management. Recommendations for future research Despite of the acknowledged importance of overbooking as one the most effectual successful Revenue Management techniques used in hotel operation and widely discussed subject in research literature, there are no current surveies discoursing the overbooking direction of Bulgarian hotels and its impact on their operation. Therefore, future research may concentrate on the possible application of Revenue Management techniques to the Bulgarian cordial reception industry. Future surveies may besides concentrate on the demand side of Bulgarian touristry as the state has witnessed fluctuating visitant rates during the past two decennaries despite the turning net incomes generated by the peculiar industry. Decisions In order to last in the ferocious competition and to bring forth more gross while utilizing the same sum of resorts it is necessary and critical to the hotels operation direction to utilize efficaciously its reserve stock list and to increase its tenancy rate ( Hung, 2004 ) . Revenue Management techniques and the theoretical accounts of overbooking if applied suitably would maximise the grosss of hotels ( Kamath et al, 2008 ) . However, the possibilities of client dissatisfaction, and hazard of loss of repute because of denied service, force many hotels to avoid the pattern of overbooking. Therefore, before hotel directors to deicide whether or non to implement overbooking they should first see what Birkenheuer ( 2009 ) explained the best appraisal of hazard and chance will supply the best net income . In this survey we have outlined the dynamic nature of service industries and have demonstrated the importance of Revenue Management and most notably one of its most important facets overbooking. We have narrowed the range of this research down to the cordial reception industry and have found major differences in the demand patterns towards such companies in the former industry. Some clients prefer flexible cancellation footings, while others are non much attentive to that. Hoteliers offer differential pricing to their ain advantage to fudge against fluctuating demand. We have besides found that permutation is one of the most effectual method of pull offing overbooking patterns, but yet a cost/benefit analysis must be performed in order to track down the existent effects. Basically, within the current dynamic determination doing state of affairs in the cordial reception industry, overbooking degrees have been found to hold important gross maximising belongingss. In position of this, through this survey we have discovered some of the main direction aims that could be achieved through overbooking in the model of Revenue Management: net income maximization ; capa city allotment ; maximization of mean gross per client ; maximization of net present value ; and minimisation of client grudges. Finally, as cordial reception industry on a planetary graduated table is a aggregate volume-driven concern, overbooking has become an emerging subject as vacant suites do non convey any net incomes. However, possibly even more important remains the job how to pull off client letdown, in instances they can non be relocated to similar hotels as a consequence of overbooking.

From Typical Contracts to E-Contracts Assignment

From Typical Contracts to E-Contracts - Assignment Example Therefore it is advantageous as it saves both consumers the time they would have used to travel to the signing offices. Third, the technology has greatly improved efficiency in the real estate sector hence resulting to reduce â€Å"contract-to-closing times.† Also, the electronic contract system reduces deforestation. This is because it has eliminated the use of papers for documentation. Instead, it uses CD’s where the signed documents are stored and issued to the consumers. In addition, the new procedures favor consumers who do not like to reveal their identity. This is because there is no eye contact between the buyer and seller. The only person who gets to meet the consumers is the attorney thus providing privacy to those who value their personal privacy. From the 1st classmate, I would agree with him that it feels different while closing deals through electronic system compared with the traditional way. Despite the difference in two methods, both need much attention as a way of maintaining accuracy. By using this method, consumers risk losing nothing since they are guaranteed protection from the real estate companies. None of their protection will be jeopardized in electronic contracts since all procedures are done in private. To the 2nd classmate, I think you should end the doubts you have towards the e-contract system. It is true people rarely read the whole contract but with the use of e-contracts, one can read them faster than reading hard copies . The search and find tools make all the difference thereby making the transactions easy and transparent. In addition to this, conditions precedent adhere to thereby the whole procedure is done under the discharge performance rule. By this, it means that the completion of the consumers’ contract can only be done through following what was promised before the signing of that contract.

Food Analysis Essay Example | Topics and Well Written Essays - 750 words

Food Analysis - Essay Example Pollan identified this concern and explored it extensively in his script the omnivore’s dilemma. Based on the concepts noted by Pollan and other scholars would enable one analyze the production, handling of chicken, its effects and suitability in the society. Since the date of domestication, chicken has dominated people’s diet since it has a high nutrition value. Individuals also prefer chicken because of its less complicated rearing and preparation procedures. Consequently, chicken is customary food that is significant in the contemporary society (Michael 18). Industries can process chicken into various food supplements based on modern technologies. This has increased the popularity of this type of food. Studies indicate that the present chicken consumption rate is about 4kgs per head within a year, and estimates highlight that the rate is likely to increase in future. Furthermore, studies assert that more than 60% of world’s population consumes chicken (Neil & Clive 4). During earlier centuries, the society consumed chickens that came from local homes where they were reared using customary procedures and in small quantities. However, this is never the situation with the current society. These customary sources are unable to sustain high demands for chicken leading to the establishment of the alternative sources. Presently, the society entirely gets chickens from commercial industries specializing in chicken rearing. Individuals obtain chickens from chicken complexes that have hatcheries, processing units, and chicken farms. These plants rear chickens specifically for commercial purposes (Michael 26). In these commercial centers, chickens grow in secluded cages or houses with limited space for movements. Initially, in the hatchery, a selecting breed with rapid growth and weight gaining rates provide the eggs that are hatched to produce chicks (Michael 28). These chicks are reared in houses

Why did the Macmillan administration chose to opt for EC membership Essay

Why did the Macmillan administration chose to opt for EC membership - Essay Example The treaty worked to free the movement of goods, services, capital and labor between its member nations. In 1960, as a result and in an attempt to destroy or absorb the proposed EEC common market, the U.K. and Sweden created the European Free Trade Association (EFTA). EFTA was an attempt to conserve Britains role and economic position which was remotely attractive to major Western European states. In 1963, the Prime Minister of U.K., Harold Macmillan, decided to change Britain’s foreign policy towards the European Community and attempted to join EEC. He suggested to unite the member countries of EFTA with ECC to incorporate all of Europe but France vetoed further talks. Macmillan saw that the exclusion from EEC was damaging to Britain both economically and politically. The following sections will presents the reasons why Macmillan’s administration chose to opt for European Community membership. To maintain Britain’s world role in the face of economic enervation, Macmillan did not follow Anthony Eden’s policy of reliance on the United States. He evolved the British strategy to include a new relationship with Europe to complement the increasingly unreliable American proxy (Ruane & Ellison 2004:1). Eden’s administration saw that the maintenance of the British extended empire placed a burden on the countrys economy beyond its resources. They manipulated a foreign policy to ensure that the country’s strength was equal to its obligations. They aimed to persuade the U.S. to assume burdens of an international defence organization while retaining for Britain as much political control as possible. This was the only solution Eden came up with to spread the burden of two major obligations for which Britain currently bore primary responsibility. In January 1957, the Suez Canal crisis brought down Prime Minister Eden and caused his resignation to be succeeded by Harold

I Have A Dream Speech Outline Theology Religion Essay

I Have A Dream Speech Outline Theology Religion Essay 2 Five score years ago, a great American, in whose symbolic shadow we stand today, signed the Emancipation Proclamation. This momentous decree came as a great beacon light of hope to millions of Negro slaves, who had been seared in the flames of withering injustice. It came as a joyous daybreak to end the long night of their captivity. 3 But one hundred years later, the Negro still is not free. One hundred years later, the life of the Negro is still sadly crippled by the manacles of segregation and the chains of discrimination. One hundred years later, the Negro lives on a lonely island of poverty in the midst of a cast ocean of material prosperity. One hundred years later, the Negro is still languished in the corners of American society and finds himself an exile in his own land. And so weve come here today to dramatize a shameful condition. Tie To Audience/ Relevancy Statement/ Reveal Your Topic : Author linked freedom to checks, signifying that every American has this check but African Americans are unable to claim it. 4 In a sense weve come to our nations capitol to cash a check. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir. This note was a promise that all men yes, black men as well as white men would be guaranteed the unalienable rights of life, liberty, and the pursuit of happiness. 5 It is obvious today that America has defaulted on this promissory note to insofar as her citizens of color are concerned. Instead of honoring this sacred obligation, America has given the Negro people a bad check a check which has come back marked insufficient funds.   Credibility Material : Speaker self is an African American speaking on the common issue faced by all. 6 But we refuse to believe that the bank of justice is bankrupt. We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation. And so weve come to cash this check a check that will give us upon demand the riches of freedom and the security of justice. Thesis Preview: Thesis: Emphasized on a brief summary of now and its importance. 7 We have also come to this hallowed spot to remind America of the fierce urgency of now. This is no time to engage in the luxury of cooling off or to take the tranquilizing drug of gradualism. Now is the time to make real the promises of democracy. Now is the time to rise from the dark and desolate valley of segregation to the sunlit path of racial justice. Now is the time to lift our nation from the quicksands of racial injustice to the solid rock of brotherhood. Now is the time to make justice a reality for all of Gods children. Preview: Why now . 8 It would be fatal for the nation to overlook the urgency of the moment. This sweltering summer of the Negros legitimate discontent will not pass until there is an invigorating autumn of freedom and equality. Nineteen sixty-three is not an end, but a beginning. Those who hope that the Negro needed to blow off steam and will now be content will have a rude awakening if the nation returns to business as usual. There will be neither rest nor tranquility in America until the Negro is granted his citizenship rights. The whirlwinds of revolt will continue to shake the foundations of our nation until the bright day of justice emerges. Transition: Moving into main points elaborating why now . 9 But there is something that I must say to my people, who stand on the warm threshold which leads into the palace of justice. In the process of gaining our rightful place, we must not be guilty of wrongful deeds. Let us not seek to satisfy our thirst for freedom by drinking from the cup of bitterness and hatred. Body Main Point 1 : 10 We must forever conduct our struggle on the high plane of dignity and discipline. We must not allow our creative protest to degenerate into physical violence. Again and again we must rise to the majestic heights of meeting physical force with soul force. Subpoint 1: 11 The marvelous new militancy which has engulfed the Negro community must not lead us to a distrust of all white people. For many of our white brothers, as evidenced by their presence here today, have come to realize that their destiny is tied up with our destiny. They have come to realize that their freedom is inextricably bound to our freedom. We cannot walk alone. Sub-sub point/elaboration: 12 As we walk, we must make the pledge that we shall always march ahead. We cannot turn back. There are those who are asking the devotees of civil rights, When will you be satisfied? Sub-sub point/elaboration: We can never be satisfied as long as the Negro is the victim of the unspeakable horrors of police brutality. We can never be satisfied as long as our bodies, heavy with the fatigue of travel, cannot gain lodging in the motels of the highways and the hotels of the cities. We cannot be satisfied as long as the Negros basic mobility is from a smaller ghetto to a larger one. We can never be satisfied as long as our children are stripped of their selfhood and robbed of their dignity by signs stating For Whites Only. We cannot be satisfied as long as a Negro in Mississippi cannot vote and a Negro in New York believes he has nothing for which to vote. No, no, we are not satisfied, and we will not be satisfied until justice rolls down like waters, and righteousness like a mighty stream. Subpoint 2: 13 I am not unmindful that some of you have come here out of great trials and tribulations. S Sub-sub point/elaboration: Some of you have come fresh from narrow jail cells. Some of you have come from areas where your quest for freedom left you battered by the storms of persecution and staggered by the winds of police brutality. Sub-sub point/elaboration: You have been the veterans of creative suffering. Continue to work with the faith that unearned suffering is redemptive. Transition: 14 Go back to Mississippi, go back to Alabama, go back to South Carolina, go back to Georgia, go back to Louisiana, go back to the slums and ghettos of our Northern cities, knowing that somehow this situation can and will be changed. Let us not wallow in the valley of despair. Main Point 2 : 15 I say to you today, my friends, so even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream. 1. Subpoint 1 : 16 I have a dream that one day this nation will rise up and live out the true meaning of its creed, We hold these truths to be self-evident, that all men are created equal. Sub-sub point/elaboration: 17 I have a dream that one day on the red hills of Georgia the sons of former slaves and the sons of former slaveowners will be able to sit down together at the table of brotherhood. 18 I have a dream that one day even the state of Mississippi, a state sweltering with the heat of injustice, sweltering with the heat of oppression, will be transformed into an oasis of freedom and justice. Sub-sub point/elaboration: 19 I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character. I have a dream today. 20 I have a dream that one day, down in Alabama, with its vicious racists, with its governor having his lips dripping with the words of interposition and nullification, one day right there in Alabama little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers. I have a dream today. 21 I have a dream that one day every valley shall be exalted, every hill and mountain shall be made low, the rough places will be made plane and the crooked places will be made straight, and the glory of the Lord shall be revealed, and all flesh shall see it together. 2. Subpoint 2: 22 This is our hope. This is the faith that I go back to South with. With this faith we will be able to hew out of the mountain of despair a stone of hope. With this faith we will be able to transform the jangling discords of our nation into a beautiful symphony of brotherhood. With this faith we will be able to work together, to pray together, to struggle together, to go to jail together, to stand up for freedom together, knowing that we will be free one day. S Sub-sub point/elaboration: 23 This will be the day this will be the day when all of Gods children will be able to sing with new meaning, My country tis of thee, sweetland of liberty, of thee I sing. Land where my fathers died, land of the pilgrims pride, from every mountainside, let freedom ring. And if America is to be a great nation, this must become true. Sub-sub point/elaboration: 24 So let freedom ring from the prodigious hilltops of New Hampshire. Let freedom ring from the mighty mountains of New York. Let freedom ring from the heightening Alleghenies of Pennsylvania! 3. Subpoint 3: 25 Let freedom ring from the snowcapped Rockies of Colorado! Let freedom ring from the curvaceous slopes of California! S Sub-sub point/elaboration: 26 But not only that. Let freedom ring from Stone Mountain of Georgia! 27 Let freedom ring from Lookout Mountain of Tennessee! 28 Let freedom ring from every hill and molehill of Mississippi. From every mountainside, let freedom ring.   III. Conclusion Brakelight: 29 And when this happens, Summary: when we allow freedom ring when we let it ring from every village and every hamlet, from every state and every city Tie Back to Audience: we will be able to speed up that day when all of Gods children, black men and white men, Jews and Gentiles, Protestants and Catholics, will be able to join hands and sing in the words of the old Negro spiritual, Concluding Memorable Remarks: Free at last! Free at last! Thank God almighty, we are free at last!

Education reality Essay

Dealism Idealism is the metaphysical and epistemological doctrine that ideas or thoughts make up fundamental reality. Essen? ally, it is any philosophy which argues that the only thing actually knowable is consciousness (or the contents of consciousness), whereas we never can be sure that ma? er or anything in the outside world really exists. Thus, the only real things are mental en es, not physical things (which exist only in the sense that they are perceived) Progressivism Progressivist believes that individuality, progress, and change are fundamental to one’s educa? on. Believing that people learn best from what they consider most relevant to their lives, progressivist centers their curricula on the needs, experiences, interests, and abili? es of students. Progressivist teachers try making school interes? ng and useful by planning lessons that provoke curiosity. In a progressivist school, students are ac? vely learning. The students interact with one another and develop social quali? es such as coopera? on and tolerance for di&erent points of view. Essen? alism It is an educa? onal philosophy whose adherents believe that children should learn the  tradi? onal basic subjects thoroughly and rigorously. In this philosophical school of thought, the aim is to ins? ll students with the â€Å"essen? als† of academic knowledge, enac? ng a back-to-basics approach. Essen? alism ensures that the accumulated wisdom of our civiliza? on as taught in the tradi? onal academic disciplines is passed on from teacher to student. Such disciplines might include Reading, Wri? ng, Literature, Foreign Languages, History, Mathema? cs, Science, Art, and Music. Moreover, this tradi? onal approach is meant to train the mind, promote reasoning, and  ensure a common culture. Realism Realism, at its simplest and most general, is the view that en es of a certain type have an objec? ve reality, a reality that is completely ontologically independent of our conceptual schemes, linguis? c prac? ces, beliefs, etc. Thus, en es (including abstract concepts and universals as well as more concrete objects) have an existence independent of the act of percep? on, and independent of their names. Reconstruc? onism Social Reconstruc? onism is a philosophy that emphasizes the addressing of social ques? ons and  a quest to create a be? er society and worldwide democracy. Reconstruc? onist educators focus on a curriculum that highlights social reform as the aim of educa? on. Existen? alism It is based on the view that humans de3ne their own meaning in life, and try to make ra? onal decisions despite exis? ng in an irra? onal universe. It focuses on the ques? on of human existence, and the feeling that there is no purpose or explana? on at the core of existence. It holds that, as there is no God or any other transcendent force, the only way to counter this  nothingness (and hence to 3nd meaning in life) is by embracing existence. Pragma? sm Pragma? sm is a rejec? on of the idea that the func? on of thought is to describe, represent, or mirror reality. Instead, pragma? sts consider thought to be a product of the interac? on between organism and environment. Thus, the func? on of thought is as an instrument or tool for predic? on, ac? on, and problem solving. Pragma? sts contend that most philosophical topics— such as the nature of knowledge, language, concepts, meaning, belief, and science—are all best viewed in terms of their prac?  cal uses and successes rather than in terms of representa? ve accuracy Perennialism Believe that one should teach the things that one deems to be of everlas? ng per? nence to all people everywhere. They believe that the most important topics develop a person. Since details of fact change constantly, these cannot be the most important. Therefore, one should teach principles, not facts. Since people are human, one should teach 3rst about humans, not machines or techniques. Since people are people 3rst, and workers second if at all, one should teach liberal topics 3rst, not voca? onal topics.

The Return: Midnight Chapter 43

â€Å"Elena?†Stefan said quietly. â€Å"Could you ask me to come in? You have to invite me in if you want to – to talk – â€Å" Invite him in? He was already in – inside her heart. She had told the Guardians that everyone would have to accept Stefan as her boyfriend of almost a year. It didn't matter. In a low voice she said, â€Å"Come in, Stefan.† â€Å"The window's locked from your side, Elena.† Numbly, Elena unlocked the window. The next moment she was encompassed by warm, strong arms in a desperate, fervent embrace. But the moment after that, the arms dropped, leaving her frozen and lonely. â€Å"Stefan? What's wrong?†Her eyes had adapted and by the starlight through the window she could see him hesitating before her. â€Å"I can't – It isn't – It's not me you want,†he said in a rush that sounded as if it came through a constricted throat. â€Å"But I wanted you to know that – that Meredith and Matt are holding Bonnie. Comforting her, I mean. They're al okay and so is Mrs. Flowers. And I thought that you – â€Å" â€Å"They put me to sleep! They said they wouldn't put me to sleep!† â€Å"You fel asleep, lo – Elena. While we were waiting for them to send us home. We al watched over you: Bonnie, Sage, and I.†He was Stillspeaking in that formal, unusual tone. â€Å"But I thought – Well, that you might want to talk tonight, too. Before I – I left.†He put a finger up to stop his lip from shaking. â€Å"You swore you wouldn't leave me!†Elena cried. â€Å"You promised, not for any reason, not for any length of time, no matter how noble the cause!† â€Å"But – Elena – that was before I understood†¦Ã¢â‚¬  â€Å"You Stilldon't understand! Do you know – â€Å" His hand flew to cover her mouth and he put his lips to her ear. â€Å"Lo – Elena. We're in your house. Your aunt – â€Å" Elena felt her eyes widen, although of course subconsciously she had known this al along. The air of familiarity. This bed – it was her bed, and the spread was her beloved gold and white bedspread. The obstacles she'd known how to avoid in the dark – the tapping at her window†¦she was home. Like a climber who has negotiated an impossible-seeming section of rock, and almost fal en, Elena felt a tremendous rush of adrenaline. And it was this – or, perhaps, simply the power of the love that flooded through her – that achieved what she had been so clumsily trying to reach. She felt her soul expand and come out of her body. And meet Stefan's. She was appal ed by the hastily swept-away desolation in his spirit, and humbled by the surge of love that flooded every part of him at the touch of her mind. Oh, Stefan. Just – say that – that you can forgive me, that's all. If you forgive me I can live. Maybe you can even be happy with me again – if you just give it a little time. I'm already happy with you. But we have all the time in the world, Stefan reassured her. But she caught the shadow of a dark thought whisked quickly out of the way. He had al the time in the world. She, however†¦ Elena had to choke back a laugh but then clutched at Stefan suddenly. My backpack – did they take it? Where is it? Right beside your nightstand. I can reach it. Do you want it? He reached in the darkness and pul ed up something heavy and rough and none too pleasant-smel ing. Elena thrust one frantic hand inside it while Stillholding on to Stefan with the other. Yes! Oh, Stefan, it's here! He was beginning to suspect – but he only knew when she drew out the bottle labeled Evian Water and held it to her cheek. It was icy cold, although the night was mild and humid. And as it effervesced violently, it glowed in a way that no ordinary water did. I didn't mean to do it, she told Stefan, suddenly worried that he might not like to associate with a thief. At least – not at first. Sage said to get the water from the Fountain of Eternal Youth and Life into bottles. I dug up a big bottle and this little one, and somehow I stashed the smaller one in my backpack – I'd've put the big one in, too, but it didn't fit. And I didn't even think about the little one again until after they took away my Wings and my telepathy. And a good thing, Stefan thought. If they had caught you – oh, my lovely love! His arms squeezed the breath from Elena's lungs. So that's why you were suddenly so eager to leave! â€Å"They took almost everything else supernatural about me,†Elena whispered, placing her lips close to Stefan's ear. â€Å"I have to live with that, and if they'd given me a chance I'd have agreed – for the sake of Fel ‘s Church – if I'd been logical – â€Å"She broke off as she suddenly realized that she had been literal y out of her mind. She'd been worse than a thief. She'd tried to use a lethal attack on a group of – mostly – innocent people. And the worst thing was that a part of her knew that Damon would have understood her madness, while she wasn't sure Stefan ever could. â€Å"But you don't have to change me into – you know,†she began whispering frenetical y again. â€Å"A sip or two of this and I can be with you forever. Forever and – for – forever – Stefan – â€Å"She stopped, trying to get her breath and her mental balance. His hand closed over hers on the cap. â€Å"Elena.† â€Å"I'm not crying. It's because I'm happy. Forever and ever, Stefan. We can be together, just†¦just us two†¦forever.† â€Å"Elena, love.†His hand kept hers from twisting open the bottle. â€Å"It – isn't what you want?† With his other arm, Stefan pul ed her tightly to him. Her head fel forward onto his shoulder and he rested his chin on her hair. â€Å"It's what I want more than anything. I'm†¦dazed, I guess. I have been ever since – â€Å"He stopped and tried again. â€Å"If we have al the time in the world, we have tomorrow,†he said in a voice muffled by hair. â€Å"And tomorrow is time enough for you to start to think it through. There's enough in that bottle for maybe four or five people. You're the one who's going to have to decide who drinks it, love. But not tonight. Tonight is for†¦Ã¢â‚¬  With a sudden rush of joy Elena understood. â€Å"You're talking about – Damon.†Amazing how difficult it was to simply say his name. It almost seemed a violation, and yet†¦ When he could talk – like this – for a moment to me, he told me what he wanted, she sent. Stefan stirred a little in the darkness, but said nothing. Stefan, he only asked for one thing before he†¦went. It was not to be forgotten. That's all. And we're the ones who remember the most. Us and Bonnie. Aloud she added, â€Å"I wil never forget him. And I wil never let anyone else who knew him forget him – for as long as I live.† She knew she'd spoken too loudly, but Stefan didn't try to quiet her. He gave one quick shudder and then held her tightly again, his face buried in her hair. I remember, he sent to her, when Katherine asked him to join her – when we three were in Honoria Fell's crypt. I remember what he said to her. Do you? Elena felt their souls intertwine as they both saw the scene through the other's eyes. Of course, I remember too. Stefan sighed, half-laughing. I remember trying to take care of him later in Florence. He wouldn't behave, wouldn't even Influence the girls he fed on. Another sigh. I think he wanted to get caught at that point. He couldn't even look me in the face and talk about you. I made Bonnie send for you. I made sure she got both of you out here, Elena told him. Her tears had begun to flow again, but slowly – gently. Her eyes were shut and she felt a faint smile come to her lips. Do you know – Stefan's mental voice was startled, astonished – I remember something else! From when I was very young, maybe three or four years old. My father had a terrible temper, especially right after my mother died. And back then, when I was little, and my father was furious and drunk, Damon would deliberately get in between us. He'd say something obnoxious and – well, my father would end up beating him instead of me. I don't know how I could have forgotten about that. I do, Elena thought, remembering how frightened she had been of Damon when he'd first turned human – even though he'd put himself in between her and the vampires who wanted to Discipline her in the Dark Dimension. He had a gift for knowing exactly what to say – how to look – what to do – to get under anyone's skin. She could feel Stefan chuckle faintly, wryly. A gift, was it? Well, I certainly couldn't do it, and I can manage most people, Elena replied softly. Not him, though. Never him. Stefan added, But he was almost always kinder to weak people than to strong ones. He always did have that soft spot for Bonnie†¦ He broke off, as if frightened he'd ventured too near something sacred. But Elena had her bearings now. She was glad, so glad, that in the end Damon had died to save Bonnie. Elena herself needed no more proof of his feelings about her. She would always love Damon, and she would never al ow anything to diminish that love. And, somehow, it seemed fitting that she and Stefan should sit in her old bedroom and speak of what they remembered of Damon in hushed tones. She planned on taking the same thing up with the others tomorrow. When she final y fel asleep in Stefan's arms, it was hours after midnight.

Eisenhower Administration essays

Eisenhower Administration essays What role did the Eisenhower administration play in Civil Rights? During the 1950s race relations in the United States began to explode and the domestic tranquility caused years of injustice for African Americans. Eisenhower, the current president, entered office committed to Civil Rights in principle, and he pushed the issue in areas of federal authority. During Eisenhowers early years of office the public services in Washington were desegregated. But, beyond these two ideas of the Presidents philosophy inhibited vigorous action in enforcing the principle of Civil Rights. The first was his preference for state or local action over federal involvement, and second his doubt that laws could change racial attitudes. One famous case during this time Brown vs. Board of Education. Chief Justice Earl Warren handed down the doctrine that separate but equal in schools has no place. A year later the Court directed a full start toward compliance with Warrens doctrine. Eisenhower refused to take any part in leading white southerners toward complianc e. He felt the Courts decision set back progress at least fifteen years. Despite the fact Eisenhower wanted no part in desegregating schools, he did push for blacks the right to vote. He passed the first Civil Rights law passed since the Reconstruction. But, the irony of the situation showed that still in 1959 the Civil Rights Act still had not added a single southern black to voting rolls. Another incident that occurred during Eisenhowers Civil Rights role was the desegregation in Little Rocks Central High School. The principal called the National Guard in to prevent nine black students from entering after the Civil Rights Act of 1957. Eisenhower ordered paratroopers to protect the students and placed the National Guard on federal service the entire school year. ...

buy custom What E-Business Is essay

buy custom What E-Business Is essay An e-business is a business that applies information and communication technologies to support all of its business activities. Currently, many businesses have embraced the use of the internet to link both the external and internal data processing systems in a more efficient and flexible manner and help them get more close to their customers and suppliers. E-business is applicable for different business models such as the merchants, auction, the broker, customer representatives among others. This paper discusses the application of e-business as embraced by a merchant and broker models. The paper will review two companies; one for each model, explain the advantages they have over their competitors and recommend other types of businesses that would benefit from using that site type. Pizza Hut company is a superb example of an e-business under the merchant business model. This company deals with preparing and delivery of pizzas. Pizza Hut conducts all its business activities on its website; www.pizzahut.com. This website is an attractive eye-catching site where photos of delicious-looking pizzas will be the first thing to catch your eye. The user finds all details about the company by just clicking on specified bars; he managers, how to order, the ingredients used, the call center info and procurement details. This means that the company links to its customers directly with no intermediaries involved and sources for its employees here. Bounty Quest is another e-business; under the broker or intermediaries model. This means that the company does not engage in the production process; it only connects the manufacturer to the buyer. Bounty Quest deals with the sale of patents where the company looks for buyers, and if successful, the company gets a fee or charges a percentage of the total transaction the person bought. This company operates at a webiste-bountyquest.com. The site offers the user information on how to find patent, patent attorney, the cost of patents and helps patent dealers to sell patents. It offers these services to people in Europe, America and Asia. One can also find contacts of the Patent Attorneys and access patent advice. This site is a one-stop shop for almost all the information one would require to obtain a patent. However, one has to pass through this intermediary so as to access the real patent seller or service provider. Pizza hut site is an ideal location since it is straightforward to navigate. The user understaands easily as the menu bar is simplified into specified topics. The fact that it does not contain many pages or lengthy details makes it less time consuming; which will make it appealing for many people to use. Additionally, it involves dealing seller-buyer direct interaction thus making the services faster than it would be if a third party was involved. The pizzahut.com model would be particularly useful for other companies; for instance book sales and those selling computers. This is mainly because for such goods high levels of trust are needed. A person buying a computer would prefer buying it directly from the manufacturing company so as to buy at a reasonable price and get it in a not-tampered-with form. Also, for books, the seller will capitalize on profit if he sells it direct to the buyer; which will also reduce cases of piracy. Dynamic pricing is fixing prices differently based on such factors as time of purchase, distance and frequency of purchase. This method is applicable for this model since deliveries are made to people from different locations. The company has to offer favorable prices for frequent customers so as to retain them. In addition, when the demand starts falling, they should adjust the prices downwards to attract more purchases. Buy custom What E-Business Is essay

Granada Assignment Example | Topics and Well Written Essays - 1250 words

Granada - Assignment Example In another ruling the International Court of Justice suggested that the right to self-defense could be invoked in an isolated low-intensity strike.4 Regardless there is a general standard that is safe for self-defense and where authorized by the UN Security Council force may not be used against another state not even for the purpose of â€Å"rescuing one’s nationals abroad, saving aliens from widespread deprivation of human rights† or as a pre-emptive strike â€Å"against a grave but distant threat†.5 The doctrine of ‘opinio juris sive necessitatis’ which allows an opinion of law or a necessity of law together with â€Å"state practice† dictates that the exceptions to the use of force in international law are far more flexible than they were when the UN Charter 1945 came into being.6 Since the end of World War II, the world has changed significantly to the extent that threats may be perceived differently. The invention of nuclear weapons, an i ncrease in international human rights, â€Å"and the emergence of global terrorism† have â€Å"significantly affected attitudes toward permissible uses of force†.7 In assessing current conditions in the world today, Durant and Durant maintain that international law as it is currently constructed cannot adequately regulate peace and security. A State â€Å"must be ready at any moment to defend itself† and â€Å"when its essential interests are involved† a state â€Å"must be allowed to use any means it considers necessary to its survival†.8 Controversy and debate continuously challenged whether or not there are limitations on the right to self-defense. For example, when the US proposed the Kellog-Briant Pact of 1928, the Pact stated that no prohibition on war could restrict the right of a â€Å"sovereign state† to use force in self-defense.9 A similar statement was made by the International Military Tribunal for the Far East in 1948 which est ablished that state sovereignty alone made self-defense an inherent right.10 The international law on the prohibition against war and the right to self-defense is therefore contested. If the doctrine of opinio juris and state practice creates customary international law, it can be argued that virtually any threat, regardless of how serious might be interpreted as a situation in which the right to self-defense can be invoked. Moreover, if state sovereignty prevails, the inherent right to self-defense gives states the authority to use force against another state for any number of reasons including pre-emptive strikes, or rescuing nationals, or any other purpose that can be peripherally justified, provided the state is protecting its sovereignty. The Invasion of Grenada The US’s invasion of Grenada is just as â€Å"controversial† as the international law prohibiting war except in self-defense.11 When the decision was made to invade Grenada in 1983, it was justified on the grounds that American citizens were in danger and it was necessary to restore peace after a coup. However, it was well-known that the primary goal was to stop the spread of communism anywhere near

Urban Problems in Texas Essay Example | Topics and Well Written Essays - 1250 words

Urban Problems in Texas - Essay Example Issues such as crime and overcrowding plague Dallas, Austin and San Antonio just as much as they are likely to plague cities like Chicago, Los Angeles and Detroit. However, Texas also faces some urban problems that remain unique to the state because they are largely the result of the speed with which the state developed these areas as compared with the (sometimes) centuries that other cities in the United States have had. Between the 1970s and the early 1980s, cities in Texas were recording record rates of growth in population (Texas, 2007). This was due to the influx of new residents from other states in the union who were seeking the sun and had heard about the low property taxes. This large influx of people provided an abundant and constantly increasing labor force which further helped to attract new businesses. In addition, Texas as a state generally held numerous pro-business traditions such as a notoriously low number of available labor unions, an already high and increasing la bor force, low taxes for businesses, a close proximity to numerous natural resources and a proliferation of city governments that were favorable to growth and development, frequently offering even more incentives for businesses to move to their area. As a result of this boom, though, the urban areas of Texas are now experiencing a general decline that seems unlikely to be curtailed in the near future. This decline is the result of an aging population, urban sprawl to the suburbs with the result of greater poverty within city limits, disintegrating infrastructure, increased crime rates and mandates to meet with increasing federal and state requirements while federal aid hits an all-time low and low state taxes have precluded any ability to overcome these challenges. By the late 1980s, economic conditions in Texas cities had dramatically changed from the boom they saw in the previous decade including the aging, or graying, of the urban residents and subsequent loss of the