Topic: Business (Page 2)

You are looking at all articles with the topic "Business". We found 85 matches.

Hint: To view all topics, click here. Too see the most popular topics, click here instead.

πŸ”— Beer distribution game

πŸ”— Business πŸ”— Games

The beer distribution game (also known as the beer game) is a type of gamification that is used to experience typical coordination problems of a supply chain process. It reflects a role-play simulation where several participants play with each other. The game represents a supply chain with a non-coordinated process where problems arise due to lack of information sharing. This game outlines the importance of information sharing, supply chain management and collaboration throughout a supply chain process. Due to lack of information, suppliers, manufacturers, sales people and customers often have an incomplete understanding of what the real demand of an order is. The most interesting part of the game is that each group has no control over another part of the supply chain. Therefore, each group has only significant control over their own part of the supply chain. Each group can highly influence the entire supply chain by ordering too much or too little which can lead to a bullwhip effect. Therefore, the order taking of a group also highly depends on decisions of the other groups.

Discussed on

πŸ”— Apple owns the world's largest hedge fund

πŸ”— Companies πŸ”— Apple Inc. πŸ”— Business πŸ”— Nevada

Braeburn Capital Inc. is an asset management company based in Reno, Nevada and a subsidiary of Apple Inc. Its offices are located at 6900 S. McCarran Boulevard in Reno.

Discussed on

πŸ”— Y Combinator cofounder was convicted under CFAA in 1990

πŸ”— Biography πŸ”— Computing πŸ”— Business πŸ”— Biography/science and academia πŸ”— New York (state) πŸ”— Criminal Biography πŸ”— Computing/Computer Security πŸ”— New Jersey πŸ”— New York (state)/Cornell University πŸ”— Computing/Networking

Robert Tappan Morris (born November 8, 1965) is an American computer scientist and entrepreneur. He is best known for creating the Morris worm in 1988, considered the first computer worm on the Internet.

Morris was prosecuted for releasing the worm, and became the first person convicted under the then-new Computer Fraud and Abuse Act. He went on to co-found the online store Viaweb, one of the first web-based applications, and later the funding firm Y Combinatorβ€”both with Paul Graham.

He later joined the faculty in the department of Electrical Engineering and Computer Science at the Massachusetts Institute of Technology, where he received tenure in 2006. He was elected to the National Academy of Engineering in 2019.


Discussed on

πŸ”— Fourth-Generation Programming Language

πŸ”— Technology πŸ”— Computing πŸ”— Computer science πŸ”— Systems πŸ”— Business πŸ”— Computing/Software πŸ”— Systems/Software engineering

A fourth-generation programming language (4GL) is any computer programming language that belongs to a class of languages envisioned as an advancement upon third-generation programming languages (3GL). Each of the programming language generations aims to provide a higher level of abstraction of the internal computer hardware details, making the language more programmer-friendly, powerful, and versatile. While the definition of 4GL has changed over time, it can be typified by operating more with large collections of information at once rather than focusing on just bits and bytes. Languages claimed to be 4GL may include support for database management, report generation, mathematical optimization, GUI development, or web development. Some researchers state that 4GLs are a subset of domain-specific languages.

The concept of 4GL was developed from the 1970s through the 1990s, overlapping most of the development of 3GL, with 4GLs identified as "non-procedural" or "program-generating" languages, contrasted with 3GLs being algorithmic or procedural languages. While 3GLs like C, C++, C#, Java, and JavaScript remain popular for a wide variety of uses, 4GLs as originally defined found uses focused on databases, reports, and websites. Some advanced 3GLs like Python, Ruby, and Perl combine some 4GL abilities within a general-purpose 3GL environment, and libraries with 4GL-like features have been developed as add-ons for most popular 3GLs, producing languages that are a mix of 3GL and 4GL, blurring the distinction.

In the 1980s and 1990s, there were efforts to develop fifth-generation programming languages (5GL).

Discussed on

πŸ”— Wronger Than Wrong

πŸ”— Philosophy πŸ”— Philosophy/Logic πŸ”— Business πŸ”— Philosophy/Philosophy of science πŸ”— Science

Wronger than wrong is a statement that equates two errors when one of the errors is clearly more wrong than the other. It was described by Michael Shermer as Asimov's axiom. The mistake was discussed in Isaac Asimov's book of essays The Relativity of Wrong as well as in a 1989 article of the same name in the Fall 1989 issue of the Skeptical Inquirer:

When people thought the Earth was flat, they were wrong. When people thought the Earth was spherical, they were wrong. But if you think that thinking the Earth is spherical is just as wrong as thinking the Earth is flat, then your view is wronger than both of them put together.

Asimov explained that science is both progressive and cumulative. Even though scientific theories are later proven wrong, the degree of their wrongness attenuates with time as they are modified in response to the mistakes of the past. For example, data collected from satellite measurements show, to a high level of precision, how the Earth's shape differs from a perfect sphere or even an oblate spheroid or a geoid.

Shermer stated that being wronger than wrong is actually worse than being not even wrong (that is, being unfalsifiable).

According to John Jenkins, who reviewed The Relativity of Wrong, the title essay of Asimov's book is the one "which I think is important both for understanding Asimov's thinking about science and for arming oneself against the inevitable anti-science attack that one often hears – [that] theories are always preliminary and science really doesn't 'know' anything."

Discussed on

πŸ”— Dick Smith (Entrepreneur)

πŸ”— Biography πŸ”— Aviation πŸ”— Australia πŸ”— Business πŸ”— Aviation/aerospace biography project πŸ”— Scouting

Richard Harold Smith (born 18 March 1944) is an Australian entrepreneur, aviator and philanthropist. He holds a number of aviation world records and is the founder of Dick Smith Electronics, Australian Geographic and Dick Smith Foods. He was selected as 1986 Australian of the Year. In 2010, he founded the media production company Smith&Nasht with the intention of producing films about global issues. In 2015, he was awarded the Companion of the Order of Australia. He is a fellow of the Committee for Skeptical Inquiry.

Discussed on

πŸ”— Value of life

πŸ”— Death πŸ”— Economics πŸ”— Philosophy πŸ”— Business πŸ”— Philosophy/Ethics

The value of life is an economic value used to quantify the benefit of avoiding a fatality. It is also referred to as the cost of life, value of preventing a fatality (VPF), implied cost of averting a fatality (ICAF), and value of a statistical life (VSL). In social and political sciences, it is the marginal cost of death prevention in a certain class of circumstances. In many studies the value also includes the quality of life, the expected life time remaining, as well as the earning potential of a given person especially for an after-the-fact payment in a wrongful death claim lawsuit.

As such, it is a statistical term, the cost of reducing the average number of deaths by one. It is an important issue in a wide range of disciplines including economics, health care, adoption, political economy, insurance, worker safety, environmental impact assessment, globalization, and process safety.

The motivation for placing a monetary value on life is to enable policy and regulatory analysts to allocate the limited supply of resources, infrastructure, labor, and tax revenue. Estimates for the value of a life are used to compare the life-saving and risk-reduction benefits of new policies, regulations, and projects against a variety of other factors, often using a cost-benefit analysis.

Estimates for the statistical value of life are published and used in practice by various government agencies. In Western countries and other liberal democracies, estimates for the value of a statistical life typically range from US$1 millionβ€”US$10 million; for example, the United States FEMA estimated the value of a statistical life at US$7.5 million in 2020.

Discussed on

πŸ”— Credit Unions

πŸ”— Finance & Investment πŸ”— Economics πŸ”— Business πŸ”— Cooperatives

A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operatives).

Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40Β million members having been added since 2016.

Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half times more likely to fail during the crisis. American credit unions more than doubled lending to small businesses between 2008 and 2016, from $30Β billion to $60Β billion, while lending to small businesses overall during the same period declined by around $100Β billion. In the US, public trust in credit unions stands at 60%, compared to 30% for big banks. Furthermore, small businesses are 80% less likely to be dissatisfied with a credit union than with a big bank.

"Natural-person credit unions" (also called "retail credit unions" or "consumer credit unions") serve individuals, as distinguished from "corporate credit unions", which serve other credit unions.

Discussed on

πŸ”— Wicked problem

πŸ”— Environment πŸ”— Business πŸ”— Politics πŸ”— Sociology

In planning and policy, a wicked problem is a problem that is difficult or impossible to solve because of incomplete, contradictory, and changing requirements that are often difficult to recognize. It refers to an idea or problem that cannot be fixed, where there is no single solution to the problem; and "wicked" denotes resistance to resolution, rather than evil. Another definition is "a problem whose social complexity means that it has no determinable stopping point". Moreover, because of complex interdependencies, the effort to solve one aspect of a wicked problem may reveal or create other problems.

The phrase was originally used in social planning. Its modern sense was introduced in 1967 by C. West Churchman in a guest editorial Churchman wrote in the journal Management Science, responding to a previous use of the term by Horst Rittel. Churchman discussed the moral responsibility of operations research "to inform the manager in what respect our 'solutions' have failed to tame his wicked problems". Rittel and Melvin M. Webber formally described the concept of wicked problems in a 1973 treatise, contrasting "wicked" problems with relatively "tame", soluble problems in mathematics, chess, or puzzle solving.

Discussed on