Project 4 Essay Example | Topics and Well Written Essays - 500 words

Project 4 - Essay Example However, the issue is that advancements are no longer taking its course. We experience change in lifestyles but the entire people do is to be loyal to certain products and companies. As per the video, competition is currently the mode of every entrepreneur of which the adoption and application of technology influence their market penetration. This indicates that without technological change and adaptation to modern practices business may not gain more. Nonetheless, we may see some other aspects influencing the business environment. These aspects include culture and intense use of social media for advertisement and entertainment that can be used to build successful enterprises. Therefore, as per the video we need to embrace technological innovations and creativity for the future is going to be different. Competition also ensures continuity as each company tries to outwit the other in the market. These in turn is advantageous to clients as they will get quality and connect to the world easily through the Internet (Whittaker & Mike 187). The video is based on a number of technological advancements. With a number of current technological innovations, the video keeps us updated on the extent of our vulnerability brought in by such technological advancements. Although we may benefit from all these advances there are serious risks accompanying them. For instance, a simple car has a lot of connections and computer operated systems that work together to boost its efficiency but when one system fails all there is a fatal accident. Thus, Internet attackers are also everywhere are connected or related in one way of the other. Some attackers work very fast to get information and use them within the shortest time possible to lower their rate of being noticed or detected (Whittaker & Mike 211). In our modern days, we all use mobile phones, but the danger is that

Internalization theory best explains CEMEX’s FDI Essay Example for Free

Internalization theory best explains CEMEX’s FDI Essay 1.Which theoretical explanation (or explanations) of FDI best explains CEMEX’s FDI? 1.Internalization theory best explains CEMEX’s FDI because CEMEX entered into many countries and bought domestic cement businesses instead of licensing. CEMEX has a great system and needs to protect it from competitors. 2.What value does CEMEX bring to a host economy? Can you see any potential drawbacks of inward investment by CEMEX in an economy? 1.The value is that CEMEX has a â€Å"Midas touch† that transforms a cement business into a thriving business. This brings great stimulation to the host economy and also helps in the construction field, which in turn helps to build cities and civilization. No, CEMEX would do well to invest inwardly, yet, CEMEX is better at acquisitioning businesses. 3.CEMEX has a strong preference for acquisitions over greenfield ventures as an entry mode. Why? 1.Acquisitions are solid because the business in the host economy already knows the demographics and the market. CEMEX just has to make the business better with little research. A greenfield venture would prove risky and not cost effective. 4.Why do you think CEMEX decided to exit Indonesia after failing to gain majority control of Semen Gresik? Why is majority control so important to CEMEX? 1.A licensing is very dangerous. CEMEX only have a 25% push with Semen Gresik. It did not have full control and the methods of CEMEX would be exposed and vulnerable to be stolen. CEMEX has a great system and does not want anyone interfering. 5.Why do you think politicians in Indonesia tried to block CEMEX’s attempt to gain majority control over Semen Gresik? Do you think Indonesia’s best interests were served by limiting CEMEX’s FDI in the country? 1.Indonesian politicians did not like the possibility of CEMEX taking over the cement market. Their interests were in domestic businesses and protecting the â€Å"purity† of their economy. No, Indonesia would have benefitted greatly if CEMEX was allowed an in. 6.What is CEMEX doing today? Do they still engage in FDI? 1.â€Å"MONTERREY, MEXICO- OCTOBER 8, 2010 – CEMEX (NYSE: CX), announced today that pursuant to the exercise of a put option by Ready Mix USA it will acquire its partner’s interests in the two joint ventures between CEMEX and Ready Mix USA which hav

Cooling Load Calculation Procedure Engineering Essay

Cooling Load Calculation Procedure Engineering Essay The total amount of heat energy that must be removed from a system by a cooling mechanism in a unit time, equal to the rate at which heat is generated by people, machinery, and processes, plus the net flow of heat into the system not associated with the cooling machinery. [1] The sensible and latent heat transfer between the space air and the surroundings can be classified as follows: 1. Space heat gain qe, in Btu/h (W), represents the rate at which heat enters a conditioned space from an external source or is released to the space from an internal source during a given time interval. 2. Space cooling load, often simply called the cooling load Qrc, Btu /h (W), is the rate at which heat must be removed from a conditioned space so as to maintain a constant temperature and acceptable relative humidity. The sensible cooling load is equal to the sum of the convective heat transfer from the surfaces of the building envelope, furnishings, occupants, appliances, and equipment. 4. Space heat extraction rate Qex, Btu /h (W), is the rate at which heat is actually removed from the conditioned space by the air system. The sensible heat extraction rate is equal to the sensible cooling load only when the space air temperature remains constant. 5. Coil load Qc, Btu /h (W), is the rate of heat transfer at the coil. The cooling coil load Qcc, Btu/h (W), is the rate at which heat is removed by the chilled water flowing through the coil or is absorbed by the refrigerant inside the coil. Cooling load usually can be classified into two categories: external and internal. External Cooling Loads[1] These loads are formed because of heat gains in the conditioned space from external sources through the building envelope or building shell and the partition walls. Sources of external loads include the following cooling loads: 1. Heat gain entering from the exterior walls and roofs 2. Solar heat gain transmitted through the fenestrations 3. Conductive heat gain coming through the fenestrations 4. Heat gain entering from the partition walls and interior doors 5. Infiltration of outdoor air into the conditioned space Internal Cooling Loads[1] These loads are formed by the release of sensible and latent heat from the heat sources inside the conditioned space. These sources contribute internal cooling loads: 1. People 2. Electric lights 3. Equipment and appliances For [1-1] [1] see the section of references CHAPTER 2 COOLING LOAD CALCULATION PROCEDURE [2]The estimation of cooling load for a space involves calculating a surface by surface conductive, convective, and radiative heat balance for each room surface and a convective heat balance for the room air. Based on the same underlying principles, the following methods have been developed for calculating the cooling load. Cooling Load by Transfer Function Method (TFM). Total Equivalent Temperature Difference (TETD) method. Cooling Load Temperature Difference (CLTD) method. Transfer Function Method (TFM)[1] The transfer function method or weighting factor method is a simplification of the laborious heat balance method. The wide application of the TFM is due to the user-friendliness of the inputs and outputs of the TFM software and the saving of computing time. In the transfer function method, interior surface temperatures and the space cooling load were first calculated by the exact heat balance method for many representative constructions. The transfer function coefficients (weighting factors) were then calculated which convert the heat gains to cooling loads. Sometimes, transfer function coefficients were also developed through test and experiments. Calculation Procedure The calculation of space cooling load using the transfer function method consists of two steps. First, heat gains or heat loss from exterior walls, roofs, and floors is calculated using response factors or conduction transfer function coefficients; and the solar and internal heat gains are calculated directly for the scheduled hour. Second, room transfer function coefficients or room weighting factors are used to convert the heat gains to cooling loads, or the heat losses to heating loads. As described in Sec. 6.2, the sensible infiltration heat gain is the instantaneous sensible cooling load. All latent heat gains are instantaneous latent cooling loads. The TFM is limited because the cooling loads thus calculated depend on the value of transfer function coefficients as well as the characteristics of the space and how they are varied from those used to generate the transfer function coefficients. In addition, TFM assumed that the total cooling load can be calculated by simply adding the individual components-the superposition principle. However, this assumption can cause some errors. Total Equivalent Temperature Difference (TETD) Method[1] In the total equivalent temperature difference (TETD)/time-averaging (TA) method, heat gains of a number of representative exterior wall and roof assemblies are calculated. The internal heat gains and conductive heat gain are calculated in the same manner as in the TFM. The radiant fraction of each of the sensible heat gains is then allocated to a period including the current and successive hours, a total of 1 to 3 h for light construction and 6 to 8 h for heavy construction. The TETD/ TA method is also a member of the TFM family and is developed primarily for manual calculation. TETD/TA is simpler in the conversion of heat gains to cooling loads. However, the time-averaging calculation procedure is subjective-it is more an art than a rigorous scientific method. Also the TETD/TA method inherits the limitations that a TFM possesses if the TFM is used to calculate the TETD. Cooling Load Temperature Difference (CLTD) Method [2] CLTD is the method we used to calculate the cooling load of the project we were assigned. The CLTD method accounts for the thermal response in the heat transfer through the wall or roof, as well as the response due to radiation of part of the energy from the interior surface of the wall to objects and surfaces within the space. The CLTD method makes use of (a) the temperature difference in the case of walls and the roofs and (b) the cooling load factors (CLF) in the case of solar heat gain through windows and internal heat sources, i.e , Q = U x A x CLTDC Where Q is the net room conduction heat gain through roof, wall or glass (W) A is the area of the roof , wall or glass (m2) U is the overall heat transfer co efficient (kW/m2.K) CLTDC is the cooling load temperature difference (oC) For [1] [2] see the section of references CHAPTER 3 CALCULATING COOLING LOADS USING CLTD Outdoor Design Conditions[2] ASHRAE Table A 2, F1980, provides the outdoor design conditions for various locations in many countries including India, Malaysia and Singapore. The summer design column lists hourly temperature which is exceeded by 1%, 2.5 % and 5% of all the hours in the year. Selection of Indoor Conditions[2] In private homes, the indoor conditions may be chosen by the owner. But in public premisis, various codes and regulations and ordinances dictate the limits of the specific indoor design conditions. For some critical occupancy, such as, hospitals, nursing homes, computer rooms, clean rooms, etc. specific indoor design conditions will usually be established by the regulating authorities or the owners. Transmission gains[2] Heat transfer through the different components of the building envelop occurs primarily the process of conduction and convection and is generally referred to as transmission load. Transmission heat transfer is given by the following equation: Q = = (U) (A) (TD) Where, Q is the heat transfer rate (W) Rt is the sum of the individual thermal resistances (m2.oC/W) A is the surface area perpendicular to heat flux (m2) TD is the design temperature difference between indoors and outdoors U = 1/Rt is the overall heat transfer co efficient (W/m2.oC) With, Rt = R1 + R2 +  ¼ + Rm for resistance in series. The values of thermal resistances are provided for specific thickness for typical building materials usually designated by U. For materials that vary in thickness according to the application, specific conductivity k is listed in terms of unit thickness. The relation between the two is R = Where k is the coefficient of thermal conductivity (W/m.K) L is the length of the conduction path (m). CLTD/CLF calculation[2] To account for the temperature and the solar variations, the concept of cooling load temperature difference (CLTD) is introduced. The CLTD is a steady state representation of the complex heat transfer involving actual temperature difference between indoors and outdoors, mass and solar radiation by the building materials, and the time of day. The following relation makes corrections in the CLTDs for walls and roofs for deviations in design and solar conditions are as follows: CLTDc = [(CLTD + LM)k + (25.5 Tr) + (To 29.4)] f Where CLTDc is the corrected value of CLTD. LM is the colour adjustment for light coloured roof. Tr is the design room temeperature To is average outdoor temperature, computed as the design temperature less half the daily range. f is attic fan factor Solar heat gain[2] When solar rays impinge on a glass surface, some of the radiation is reflected back outside before penetrating the glass. Of that radiation which is not reflected, some is transmitted through the glass and some is absorbed by the glass. The remaining radiation is refracted slightly and goes on to heat the contents of the room. If there is external shading, such as with blinds or drapes or shades, a portion of t radiation entering the room is confined to the area immediately adjacent to the window and has a diminished effect on the conditioning of the room. All of these effects are accounted for to some degree by the following relation for calculation of cooling loads due to solar radiation: QSHG = A(SC)(SHGF)(CLF) Where QSHG is the solar radiation cooling load (W) A is the open glass area (m2) SC is the shading co efficient for various types of glasses and shadings SHGF is the maximum solar heat gain factor for specific orientation of surface, latitude and month (W/m2) CLF is the cooling load factor, dimensionless. Internal Loads[2] Lighting is often is the major space cooling load component. The rate of heat gain at any instant, however, is not the same as the heat equivalent of power supplied instantaneously to these lights. Only part of the energy from lights is transferred to the room air by convection, and thus becomes the cooling load. The remaining portion is the radiant heat that affects the conditioned space only after having been absorbed by walls, floor, furniture, upholstery, etc. and released after a time lag. The cooling load imposed by these sources is given by Q appliances= P(CLF) Where Q appliances is the cooling load due to equipment of appliances (W) P is the input operating power rating of the appliance or equipment (W) CLF is the cooling load factor (dimensionless) depending on operating hours, room construction, and air circulation. Occupancy[2] The people who occupy the building give off thermal energy continuously, the rate of which depend on the level and type of activity in which they are engaged. For the sensible portion of the heat released, a cooling load factor similar the one applied to lights and appliances has been developed to account for the lag in time between occupancy and the observed cooling load. The sensible cooling load due to people is therefore, QS = (N)(GS)(CLFS) Where QS is the sensible cooling load due to occupants (W) N is the number of occupants GS is the sensible heat gain depending on activity and time for entry (W) CLFS is the cooling load factor (dimensionless) for people. The latent heat gain from occupants is found by Ql = (N)(Gl) Where Ql is the latent heat gain N is the number of occupants Gl is the latent heat gains from occupants depending on activity and time from entry Ventilation/Infiltration[2] Heat gain from ventilation and infiltration needs to be considered in the cooling load calculations. General Design Guidelines[2] The general procedure required to calculate the space cooling load is as follows: Building configuration an characteristics: Determine the building location, orientation and external shading, building materials, external surface colour and shape. These details are usually obtained from building plans and specifications. Outdoor design conditions: Obtain the outdoor weather data for the building location and select the outdoor design conditions. Indoor design conditions: Specify temperature, humidity, air velocity, etc. Operating schedules: obtain a schedule of lighting, occupancy, internal equipment, appliances and processes generating heat load. Date and time: Select the time of the day and month to estimate the cooling load. Several different times of the day and several different months need to be analyzed to determine the peak load time. The particular day and month are often dictated by peak solar conditions. For [2] see the section of references CHAPTER 4 DATA FOR THE MAIN MOSQUE Mosque 1st Floor Figure 4.1 First floor Figure 4.2 Window type 1 (WT1) Figure 4.3 Window type 2 (WT2) Figure 4.4 Doors 1 (D1) 4.2 Mosque Ground Floor Figure 4.5 Ground floor Figure 4.6 Window Type 3 (WT3) Figure 4.7 Window Type 4 (WT4) Figure 4.8 Door 2 (D2) General Information Latitude 32ËÅ ¡, Longitude 72ËÅ ¡ [7] Main Mosque, College of Electrical and Mechanical Engineering, Rawalpindi, Pakistan Walls 33cm brick, 1.5 cm cement on both sides Roof 15 cm concrete Construction Cream color paint on both sides Glass 0.5cm black shaded Lighting 1 76 tubes each 18W, 8hrs per day Lighting 2 4 tubes each 40W, 8hrs per day Occupancy 300 people moderately active Ceiling fan 18 ceiling fans each 75 W, 8hrs per day Bracket fan 9 bracket fans, each 40W, operating 8hrs per day Ventilation 7.5 x 300 = 2200 liters/sec Note: Suspended ceiling was broken therefore; we considered it as the refrigerating space. U Value Calculation Roof Components L/k m/(W/m.K) R W/m2.K Reference Table Table title Outside air 0.044 Table A6 Surface conductance (W/m2.oC) and resistance (m2.oC/W) for air Concrete 10cm 0.15/0.51 0.294 [3] Inner air 0.160 Table A6 Surface conductance (W/m2.oC) and resistance (m2.oC/W) for air Total 0.498 U = 1/R = 1/0.498 = 2.01 Wall Component L/k m/(W/m.K) R W/m2.K Reference Table Table title Outer air 0.044 Table A6 Surface conductance (W/m2.oC) and resistance (m2.oC/W) for air Brick 0.33/0.32 1.0315 Table A7 Typical thermal properties of common building and insulating materials Cement 20.015/0.72 0.0417 Table A7 Typical thermal properties of common building and insulating materials Inside air film 0.120 Table A6 Surface conductance (W/m2.oC) and resistance (m2.oC/W) for air Total 1.237 U = 1/R = 1/1.237 = 0.808 For [3] see references Glass Component L/k m/(W/m.K) R W/m2.K Reference Table Table title Glass material 0.005/0.05 0.1 Table A7 Typical thermal properties of common building and insulating materials Outer air 0.044 Table A6 Surface conductance (W/m2.oC) and resistance (m2.oC/W) for air Inner air 0.12 Table A6 Surface conductance (W/m2.oC) and resistance (m2.oC/W) for air Total 0.264 U =1/R = 1/0.264 = 3.79 Description of appliances Items Ground floor (Qty) First Floor (Qty) Ceiling fans 12 6 Tube lights 76 (small) 4 (large) Wall fan 9 Area Calculations Eastern Wall Areas Wall area 108.11514 m2 Door area 26.3 m2 Windows area 12.76 m2 Actual wall area 69.055 m2 Actual glass area 30.4 m2 Note: The area for aluminum in the windows is not accounted for. 4.6.2 Western Wall Areas Wall area 88.4816 m2 Windows area 6.583 m2 Actual wall area 81.899 m2 Actual glass 6.003 m2 Note: The area for aluminum in the windows is not accounted for. 4.6.3 Northern Wall Areas Wall area 52.45 m2 Windows area 12.61 m2 Actual wall area 39.84 m2 Actual glass area 11.62 m2 Note: The area for aluminum in the windows is not accounted for. 4.6.4 Southern Wall Areas Wall area 52.45 m2 Windows area 6.58 m2 Door area 1.86 m2 Actual wall area 44.01 m2 Actual glass area 7.58 m2 Note: The area for aluminum in the windows is not accounted for. 4.6.5 Roof Areas Total roof area m2 4.7 CLTD Correction Calculation To = 47 16/2 = 39 To is the average outside temperature on design day equal to our design temperature minus half of daily temperature range. Exposure CLTD LM[4] K[5] 25.5 Tr To 29.4 F[6] CLTDc North 7 0.5 0.5 25.5 25.5 39 29.4 1 13.35 East 15 0 0.5 25.5 25.5 39 29.4 1 17.1 South 11 -2.2 0.5 25.5 25.5 39 29.4 1 14 West 11 0 0.5 25.5 25.5 39 29.4 1 15.1 Roof 36 1.1 0.5 25.5 25.5 39 29.4 1 27.05 For [4], [5] [6] see references. CHAPTER 5 COOLING LOAD CALCULATIONS FOR THE MAIN MOSQUE Building Main mosque Location EME College, RWP Month June Day 22 Time 0200hrs Psychrometric analysis Item Tdb Twb RH Enthalpy (h) Sp. Humidity (w) Outside 47 41 70% 183.87 0.0528 Inside 25.5 17.82 50% 57.35 0.012 Difference 21.5 23.18 20% 126.52 0.041 Daily range = 16 Transmission Load Item Description Area(m2) U factor CLTDc (oC) Qtransmission(W) Walls North 39.84 0.808 13.35 429.75 South 44.01 0.808 14 497.8 East 69.005 0.808 17.1 953.4 West 81.899 0.808 15.1 999.2 Roof 194.15 2.01 27.05 10556.03 Glass North 11.62 3.79 20.1 885.2 South 7.58 3.79 20.1 577.44 East 30.4 3.79 20.1 2315.84 West 6.008 3.79 20.1 457.3 Total transmission cooling load (W) 17671.89 Solar Radiation Description Area(m2) SC SHGF CLF QSHG North 0 South 7.58 0.94 189 0.36 484.8 East 0 West 6.003 0.94 695 0.55 2228.6 Total solar radiation gain cooling (W) 2713.4 Internal loads Item Input (W) CLF Qappliance Lights 1528 0.08 122.2 Appliances 1710 1 1710 Total internal gain cooling (W) 1832.24 Occupancy Number SHG/LHG CLF Ql Qs Sensible 300 75 0.49 11025 Latent 300 55 1 16500 Total Occupancy gains, Qoccupancy (W) 27525 Ventilation/Infiltration m3/s CFM ΆT/Άw Ql Qs Sensible 2.2 1.23 ΆT=21.5 58.18 Latent 2.2 3010 Άw=.041 7180 Total Infiltration / Ventilation load (W) 7238.2 Grand total cooling loads Ql Qs Total latent load (W) 23680 Total sensible load (W) 33300.61 Total load (kW) 56.98 Tons of refrigeration 16.3 CHAPTER 6 RESULTS AND RECOMMENDATIONS Results Following the CLTD method we calculated cooling load to be 16.3 Tons. In which main contribution was from people present in the mosque (almost half the contribution) and heat conduction through walls and windows glass. The contribution from each mode is shown in fig 6.1. Fig 6.1 Contribution from each mode of heat transfer in cooling load Recommendations Use 6 ACs each of 2.5 Ton and one of 1.5 ton, we will need all the ACs switched ON during Jumma prayers only. On normal days we will switch ON 3 or 4 ACs depending on the number of occupants. As the number of occupants decreases the required cooling load also decreases. For different values of occupants required cooling load has been calculated and shown in the fig 6.2. Fig 6.2 Relation between number of occupants and cooling load Normally 30 people are present in the mosque at prayer times so we need only 9.2 tons of refrigeration. We will switch ON three ACs of 2.5 tons and one of 1.5 tons We can minimize the Cooling load by Increasing the glass thickness By using opaque sheets on the outer side of the windows and doors By using reflecting and insulating material on the roof, reflective material will reduce solar radiation and insulating material will minimize conduction Growing trees on southern side

The Dada Movement - Russian Avant-Garde on the Internet Essay -- Explo

The Dada Movement - Russian Avant-Garde on the World Wide Web Russia witnessed an artistic revolution during the turn of the 20th century that attempted to overturn art's place in society. Today, we are witnessing a new revolution that is growing at an alarming rate and attracting a variety of people every day. This phenomenon is known as the Internet. The World Wide Web is more than a medium for education and research, but serves as a tool for preserving and glorifying the treasures of art. This paper will argue that through the Internet, society still inhabits the world created by the Russian avant-garde whose legacy lives on in art, dance, music, and social groups. Members of the Dada movement in Pre-Revolutionary Russia found themselves unable to communicate the excitement of the avant-garde, however, with the Internet, that excitement is once again re-lived. The International Dada Archive of the University of Iowa is an example of the how the Internet is used as a tool to immortalize the works of the Dada movement. The purpose of the archive is to preserve and spread the written word of the Dada movement. Unlike contemporary art, the artist and writers of the Dada movement did not aim to create eternal works of art and literature (Shipe 2). Tristan Tzara and Hugo Ball, leaders of the movement, reacted against World War I and wanted to open the way to a new art and a new society. Though Dadaists published books and displayed their work, the real spirit of Dada was in events: cabaret performances, demonstrations, confrontation, distribution of leaflets, and small magazines (Shipe 2). These documents exist but can only be found within diaries, audiences, newspaper accounts, and throwaway leaflets. The documents are made a... ...ormation concerning all types of art within the click of a mouse. Because millions of people have access to the Internet, art itself will have a greater appreciation and a broader understanding. The World Wide Web is more than a medium for education and research, but serves as a tool for preserving and glorifying the treasures of art. Works Cited Heartfield, John. Available: http://burn.ucsd.edu/heart.htm. Mital-Underground. Available: http://www.mital-u.ch/index.html. Turner, Ron. Available: http:// www.connect.net/ron/dada.html Shipe, Timothy. International Dada Archive, University of Iowa Libraries. Iowa City: University of Iowa. Available: http://www.uiowa.edu/dada/about.html 1997. Stoppard, Tom. Travesties. New York: Grove Press, 1975. Zygonov, Victor. The Nuemerz Manifesto. Available: http:// www.smalltime.com/nowhere/neumerz/manifesto.htm.

Bangladesh capital market

It has two full-fledged automated stock exchanges namely Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) and an over-the counter exchange operated by SEC. It also consists of a dedicated regulator, the Securltles and Exchange Commission (SEC), since, it implements rules and regulations, monitors their implications to operate and develop the capital market. It consists of Central Depository Bangladesh Limited (CDBL), the only Central Depository In Bangladesh that provides facilities for the settlement of transactions of dematerialized securities In CSE and DSE.Dhaka Stock Exchange was set up on 28th April, 1954 that started formal trading on early 1956. Post-independence government did not promote a capital market during the first five years, and it was activated again in 1976 with 9 issues on board. In 1995, a second bourse, the Chittagong Stock Exchange, was set up with sophisticated loglstlc support and modern management. Two stock exchanges exist in Bangladesh Dhaka stock Exchange (DSE) Chittagong Stock Exchange (CSE) One Investor must know about these markets before he/she goes for an Investment.To make this report more understandable and specific, we will only focus on Dhaka tock market. â€Å"The stock market is an important ingredient of the financial system in Bangladesh. It is an important avenue for channeling funds to investors through mobilizing resources from individuals. In view of the rapidly Increasing role of the stock market, volatility In stock prices can have significant Implications on the performance of the financial sector as well as the entire economy. There exists important link between stock market uncertainty and public confidence in the financial market.The policy makers usually rely on the market estimate of volatility as he barometer of the vulnerablllty of the stock market. Stock return volatility represents the variability of day-to-day stock price changes over a period of time, which is taken as a measure of risk by the relevant agents. High volatility, unaccompanied by any change in the real situation, may lead to a general erosion of Investors' confidence In the market and redirect the flow of capital away from the stock market.Excessive volatility also reduces the usefulness of stock price as a reflector of the real worth of the firm. Volatility, however, is not an evidence of rrational market behavior or inefficient markets. Stock return volatility is usually asymmetric in its response to past negative price shocks compared with the positive shocks, but what factors drive volatlllty over time Is not clear. Moreover, Increase In firm-specific risk appears to adversely affect its stock valuation.This note analyzes 2003-2007 and draws some policy implications. † Dhaka Stock Exchange (DSE) â€Å"Dhaka Stock Exchange (Generally known as DSE) is the main stock exchange of Bangladesh. It is located in MotiJheel at the heart of the Dhaka city. It was incorporated in 1954. Dhaka stock exc hange is the first stock exchange of the country. As of 9 December 2009, the Dhaka Stock Exchange had 671 listed companies with a combined market capitalization of $34. 2 billion. Dhaka Stock Exchange (DSE) is a public limited company.

The Accidental Bricoleurs by Rob Horning

The Accidental Bricoleurs by Rob Horning I’ve always thought that Forever 21 was a brilliant name for a fast-fashion retailer. These two words succinctly encapsulate consumerism’s mission statement: to evoke the dream of perpetual youth through constant shopping.Advertising We will write a custom essay sample on The Accidental Bricoleurs by Rob Horning specifically for you for only $16.05 $11/page Learn More Yet it also conjures the suffocating shabbiness of that fantasy, the permanent desperation involved in trying to achieve fashion’s impossible ideals.  Forever 21 was found in 1984 as a single store in Los Angeles called Fashion 21. The worldwide success of Forever 21 and the other even more prominent fast-fashion outlets, like HM (2,200 stores in thirty-eight countries), Uniqlo (760 stores in six countries), and Zara (more than 4,900 stores in seventy-seven countries) epitomized how the protocols of new capitalism- flexibility, globalization, technology-enabled logistical micromanaging, consumer co-creation- have reshaped the retail world, and with it, the material culture of consumer societies. Though retailers have long employed trend spotters to try to capitalize on bottom-up innovation, fast-fashion companies have organized their business models around the principle relying on logistics and data capture in order to respond rapidly to consumer behavior. With small-batch production runs and global labor market to exploit, fast fashion accelerates the half-life of trends and ruthlessly turns over inventory, pushing the pace of fashion to a forced march. Fast fashion’s accelerated rate, and its unscrupulousness about copying branded designs, means that luxury houses and name designers, which dictated fashion seasonally, now must increasingly adapt to the ramifications of fast fashion’s trial-and-error approach. Despite apparently democratizing style and empowering consumers, fast fashion in some ways, constitutes a dream sector for tho se eager to condemn contemporary capitalism, as the companies heighten some of their current contradictions almost systematically: the exhaustion of innovative possibilities, the limits of the legal system in guaranteeing property rights, the increasing immoderation of the world workforce.Advertising Looking for essay on american literature? Let's see if we can help you! Get your first paper with 15% OFF Learn More Their labor practices are in the long tradition of textile-worker exploitation, offering paltry piecemeal rates to subcontracted suppliers and overlooking how they treat employees1. For instance, before the GATT Multifiber Agreement lapsed in 2005, allowing Forever and other garment-makers to outsource much of their manufacturing to Asia, the company’s domestic labor practices generated lawsuits filed on behalf of workers who alleged sweatshop conditions. In a press release, the Garment Worker Center, a California-based workers’ right s group, noted some of the conditions that prompted the suits: withheld wages, long hours without legally mandated breaks, rat and cockroach infestations, and a lack of bathrooms and access to drinking water. The plaintiffs’ lead lawyer claimed that companies like Forever 21 â€Å"create and demand these conditions. What logic drives the imperative to accelerate, regardless of the toll on workers? The all-purpose excuse for sweatshop practices once was the overriding need to offer bargain prices to Western consumers who have come to regard inexpensive clothes as an entitlement. (Berfield 50) Fast fashion has added the justification of better responsiveness to consumers’ fickleness. The companies overheat production schedules abroad so that they can constantly provide novelty and variety to customers who have come to expect it, who count on the stores not necessarily to meet their wardrobe needs but to relieve ennui. Shoppers witness and take part in the spectacle of p ure novelty. On the chaotic retail floor, and in the frantic dressing rooms of Forever 21’s stores, amid the disheveled racks and the items abandoned by shoppers distracted by something else, creative destruction ends up in being staged as semi-prurient guerrilla theater in which an endless series of hurried consumer costume changes is the essence of the performance2. Bibliography Berfield, Susan. â€Å"Forever 21’s Fast (and Loose) Fashion Empire.† Bloomberg Business Week: January 20 (2011).Advertising We will write a custom essay sample on The Accidental Bricoleurs by Rob Horning specifically for you for only $16.05 $11/page Learn More Footnotes 1 Susan Berfield. â€Å"Forever 21’s Fast (and Loose) Fashion Empire.† Bloomberg Business Week. January 20, (2011): 21. 2 Ibid.