Consider the following information about three assets:
Stock Mean Return Standard Deviation
Moose 10.00% 5.20%
Gnu 8.00% 2.70%
Wildebeest 12.00% 6.50%
a) What are the mean returns and risk of a portfolio if the investment manager invests in:
i. 25% in Moose and 75% in Gnu if the correlation between Moose & Gnu is 0.2?
Consider the following information about three assets:
An international clothes retailer, M&G, has its headquarters in London. It has shops in many countries all over the world. The stock for the shops is purchased by buyers who are based at headquarters. The retail year is divided into four seasons. At the start of each season a new set of stock is sent to each shop.
Garments (clothes items) are sourced from manufacturing units which are based in various countries. Garments are of various types (e.g. trousers, dress, shirt, skirt) and each garment type has various styles. Each garment style has an identification, a season-code (identifying the season of its introduction), a set of sizes and a set of colours. It also has a pattern and an approved manufacturing procedure...
1. An on-line retailer has recently bought a dozen Segways (personal motorised scooter-like devices) to help their staff move quickly about the warehouse when picking and packing items for each order. They want to track the Segways within the warehouse (e.g. to help optimise their use) and also warn the driver of imminent collisions with other Segways. Describe an RFID-based scheme for sensing the location of the Segways to within about 3 metres using no more than one RFID reader per Segway. The RFID readers have a range of about 50 cm. Your description should include:
(a) A clearly drawn diagram showing how each component of the technology is positioned or attached;
(b) How each component is used including the flow of information through the system to a central database and web-interface...
1. (a) A-Star is one example of a path-finding algorithm. Describe what is meant by a search heuristic, using the A-Star heuristic as an example.
(b) (i) Describe the operation of a simple best-first-search algorithm. Include in your description an outline of the algorithm’s search strategy, appropriate pseudo-code and one advantage and disadvantage of the method.
(ii) Describe the operation of Dijkstra’s algorithm. Provide appropriate pseudo-code. Include in your description an outline of the algorithm’s search strategy, appropriate pseudo-code and one advantage and disadvantage of the method.
(c) Outline a general improvement or potential solution for each of the following path-finding issues: In a real-time game, where updates take place every 30ms, the path-finding algorithm ...
Star Taxis is a taxis firm based in Birmingham, specialising in airport transfers, for small and large parties. The company only takes bookings for jobs over the telephone, which must be logged at least 24 hours before the job is to take place. They wish to move away from this and encapsulate the digital age by providing their services online.
At present, the administrator takes details such as name, address of main contact, address for pick up and address of drop off, size of party, number of children, ages of children and date transfer. For children under 11 years, car seats are supplied. However, these must be stipulated during the booking, children will not be permitted to travel without car seats, at an additional cost. Nor can children under the age of 15 travel without an adult...
Summer Sporting Footwear (SSF) is a small, independent Footwear manufacturer. They have built up their business selling products via mail order and through local shops. As a company, they intend to expand and believe that the next step is to develop an e-commerce sales portal.
SSF’s products consist of the following:
• Female Trainers
• Female Sandals/Flipflops
• Male Trainers
• Male Sandals
(All products are available in a variety of sizes and colours)
Male Shoes incorporate a print of the SSF logo. Female Trainers are available with or without the same SSF logo print; female Flip flops have the letters ‘SSF’ printed on and do not have the option of a printed logo.
Within the proposed website, customers will be allowed to browse through the prod...Read More
a. Explain why we consider lipids to be a class of macromolecules even though they are often small and may have very different structures.
b. Compare the structure and function of phospholipids and triacylglycerols. Explain how the structure relates to function.
c. Describe the structure and function of lipoproteins.
d. Discuss LDL and HDL cholesterol in the blood. Explain why it is important to maintain low levels of LDL cholesterol in the blood and why this can be a problem for some individuals.
a. Define the following terms
b. Explain why energy metabolism takes place in multistep pathways.
c. Explain how energy is trapped by metabolism.
Critically evaluate the benefits of outsourcing to your organisation (or one with which you are familiar). Undertake a functional analysis and give reasons why or why not the function could be outsourced. Use academic theory to support your case.
Your answer should cover the following areas:
- Functional analysis
- Benefits of outsourcing
- Disadvantages of outsourcing
- Recommendation (What functions can be outsourced and which can not).
Critically analyse a significant change that has been undertaken in your organisation recently (or one with which you are familiar). How successfully has the management of change been undertaken? Use appropriate theory to support your case.
Your answer should cover the following areas:
- Trigger for change
- Process used
- People management
a) Consider the following sequence of instructions in Java. In the table below, state what each and every variable contains before or after each statement is executed.
1. int j = 2;
2. int k = 5;
3. int m = 3 + 2 * 4;
4. double v = 1.0 / 2.0;
6. v = k / 2.0;
7. m = k / j;
8. k = k % m;
9. v = m + j;
b) In Object-oriented programming, what is the difference between a class and an object? Provide a real world example to support your answer.
c) Explain, with the aid of an example and a diagram, the difference between an object and an object variable.
d) In addition to a body of a method, there are three other parts to a method definition. Name each of these parts.
e) What general name is given to the method that initialises an object’s data members when an object is instan...Read More
Dividend Discount Model (DDM)
(a) Company A pays an annual dividend of 35p per share. The required rate of return is 11% p.a.
(i) If that level of dividend payment is expected to be constant into the future what is the intrinsic value (or fair price) of the share?
(ii) If the next dividend payment is expected to be 7% higher than the last, and if this rate of dividend growth is expected to be maintained over time, what is the intrinsic value of the share?
(b) Company B is a new company that is currently enjoying rapid growth. It is estimated that dividends will grow at an annual rate of 12% over the next four years. After that, the growth rate will fall to 6% p.a. and remain at that rate. The directors have just paid an annual dividend of £1.25.
Calculate the intrinsic value of the share ...
Bond Pricing the RCY and bond management
(a) What are ‘bond characteristics’? Explain how these influence the way that a bond price changes in response to changes in market interest rates?
(b) Using the following UK government gilts currently in issue:
Treasury 8% 31st December 2015
Treasury 8% 31st December 2021
Treasury 6% 31st December 2028
Estimate the fair price of these £100 semi-annual bonds for a yield of 3% p.a. as at 31st December 2011 (it can be assumed that the yield curve is flat).
(c) If yields increase to 3.5% p.a. estimate the new fair price of the bonds in (b) above.
(d) A 4 year bond of £100 face value has a coupon of £9 that is paid once per year. If the expected interest rates are 8% 7% 6% and 5% respectively for the next 4 years...Read More
Duration, Convexity and Risk Immunisation
(a) Estimate the duration of a 7-year £100 par bond with a 6% annual coupon yielding 4% p.a.
In addition, estimate the percentage change in the bond price and also the new bond price if the yield increases to 4.20% p.a. The convexity is 55.9.
(b) Using the following data, estimate the new bond prices of each of the 3 bonds if their yields (interest rates) increase by 0.25%. You should take into account both duration and convexity.
(c) Discuss the techniques that could be used by a bond portfolio manager to immunise their portfolio against risk.
Does the fact that many European countries have lost their AAA bond rating make it more difficult for fund managers investing in government bonds to immu...
(a) For any one specific commodity market which has a related futures market, explain briefly:
i. What factors have influenced commodity prices in recent years?
ii. How the pattern of futures prices relate to spot prices (eg contango or backwardation), giving reasons for this pattern.
(b) Outline a trade that a producer, consumer or speculator in this market may wish to engage in, constructing a numerical example using realistic quantities and prices. Using your own suggested figures for price changes, calculate the net outcome of this trade.
(a) Explain why commodity futures markets need to be liquid to function effectively and how speculators can help increase the degree of liquidity.
(b) How does the open interest measure attempt to se...
Explain each of the following.
(a) The differences between a forward contract for a commodity and a commodity futures contract.
(b) Why commodity producers and consumers may wish to use these forms of contract rather than deal solely in the spot market for a commodity.
(c) What the relative merits and limitations of these two forms of contract are.
If a commodity has a “contango” pattern of futures prices:
(a) What does this mean?
(b) What are the main reasons for this sort of pattern of futures prices?
(c) Why may an element of “convenience yield” cause the basis to be below the full cost of carry?
(d) How may events that disrupt supply and cause uncertainty, such as the impact on the cocoa market of the 2002 conflict in the Ivor...
a) Explain the difference between ‘defined benefit’ and ‘defined contribution’ pension schemes.
b) Compare them from the perspective of a member of a pension scheme.
a) Explain Heuristic Simplification.
b) Give an example in support of the explanation.
c) Describe the benefits of understanding this aspect of Behavioural Finance.
a) In relation to investment decision making, describe the practice of Asset Allocation.
b) Explain the key considerations when designing an asset allocation strategy for a client.
A first-time home buyer makes an offer on a property of £165,000, which has been accepted by the vendor...
Oak Plc has a cost of capital of 12%. It has considerable cash reserves and is reviewing the following possible investment projects which are not mutually exclusive.
a) Using the information above and your knowledge of project appraisal techniques, calculate the 4 missing values (as indicated by the ?s) from the table below.
b) Assuming Oak Plc has limitless funds and the projects are not mutually exclusive, what is the maximum NPV Oak Plc can achieve from these investments?
c) Explain what is meant by the term “capital rationing”.
d) What is the maximum NPV Oak can achieve if it has a maximum of £900m to invest? You can assume the projects are fully divisible.
e) Outline the advantages and disadvantages of Discounted Payback ...
a) Finance theory argues that the primary objective of the firm should be to maximize shareholder wealth. Discuss the arguments for and against this primary objective in comparison to other possible objectives.
b) Explain what a stock market index is. Your answer should include examples and also discuss the information investors need to know about an index in order to properly interpret it.
c) Outline the Efficient Market Hypothesis (EMH) and distinguish between the three levels of market efficiency.
Cedar Plc is listed on the London Stock Exchange. It has 25 million ordinary shares in issue that have a nominal value of £1 each and a market value of £3...Read More
Maple Plc has never paid a dividend, however it has just announced that it will pay an annual dividend of 5p next year, 8p the year after and 10p the year after that. From then on the firm expects dividends to grow at 4% per year.
Earnings per share next year will be 8p. The firm has 10 million shares currently in issue and beta of the firm’s shares is 1.5. The current riskless rate in the economy is 3% and the expected return on the stock market is 10%.
a) Calculate the expected return (i.e. cost of capital) for equity holders in Maple Plc.
b) What will the plow back ratio of the firm be next year?
c) Calculate the current share price of the firm.
d) If an investor had bought the share for £1...
1. Describe the different types of pensions arrangements individuals could contribute to for saving towards their retirement. Explain the pro’s and con’s of arrangement and the purpose of each for individuals.
2. Describe the different types of mortgages an individual can take and what types of products and features individuals need to be aware of?
3. John age 35, has recently inherited a lump sum from his late grandfather of £50,000. He is considering investing this for his future. Discuss what his investment options are and explain their advantages and disadvantages.
4. Savings are increasingly becoming a concern for many households in the UK, an issue the UK Government have highlighted...
1. Identify the drivers of regional integration in the Asian Pacific region and assess the likelihood of the region adopting a single currency.
2. Use the Flying Geese Model to explain the spread of industrialisation from the north-east to the south-east of the in the Asian Pacific region. Does this model provide a sufficient explanation of industrialisation in this region?
3. Taking the example of any two Asian business systems, compare and contrast their main characteristics and highlight the management styles associated with them.
4. Using examples from any Asian business system, demonstrate how cultural factors underpin Asian business and management practices.
Critically examine why trustworthiness is an important concept for online service organisations to consider and provide examples from various companies to support your answer.
Fully discuss how online value co-creation can enhance the overall performance for organisations. Discuss the advantages and disadvantages of integrating value co-creation within the organisation’s online marketing strategy. Provide examples to support your answer.
Discuss how companies changed their advertising strategies to target social network users. Use examples from different industries to support your answer.
Fully discuss three factors you consider to be important when designing a website...Read More
Write a report to your manager highlighting the importance of market research and the importance of multivariate statistics. Furthermore, discuss a number of different multivariate techniques (3 techniques only), highlighting how these techniques can influence the overall operations for the company; provide examples from different industries to support your argument.
Fully discuss the different stages of the Factor Analysis technique, provide examples to support your answer. Furthermore, discuss the main differences between principal components analysis and common factor analysis.
Describe and illustrate, with examples, the differences between nominal, ordinal, interval and ratio scales...Read More
Nash News Agent
Nash has recently taken over a local news agency in Stourbridge. Part of the deal was the sale of a laptop and software called Newsflash which manages all local newspaper deliveries and payments. The laptop recently crashed and all data including the customer information was lost. Luckily, there is a single paper based copy of customer details, newspapers orders and deliveries. To remedy the situation, Nash has asked a local software development company to design and develop software which will manage newspaper deliveries and payments. Below is a description of the systems functionality. Nash has asked that the software you develop is online so that customers can have access to it view their account information...Read More
Marketing assignment help is an online premier service provided by us. Marketing assignment help is quite renowned among the university students pursuing marketing as their majors.
Marketing is a wide area and we can perceive marketing in our daily activities. Whenever we go to the market to buy something we can see multiple hoarding with the images of famous faces in conjunction with the brand. We sometime come across the discount offers and sale banners to boost the sales. These are the various marketing strategies that are commonly used by various business across the globe. This is the practical implement of the marketing concepts that students learn during their stay at high school and universities.
We have been the leading online m...Read More
1. Critically discuss how useful it is to understand motivation theory as an aid to effective management in today’s climate.
2. Evaluate the role of the psychological contract in the understanding of how to undertake the everyday management of an international business enterprise.
3. Critically examine whether it is possible to train Managers to be effective Leaders, or whether training is only really suitable to develop Management skills.
4. Critically examine at least two models used by academic writers to describe organisational culture, and show how they can be applied in practice.
5. Most managers are aware of the needs of the people they manage, yet few of them pay enough attention to these needs and instead focus almost entirely on the task...Read More
Office Equipment Suppliers (OES)
OES LTD is a manufacturer and supplier of office equipment for business. Originally, a family owned business, is now employing over 100 employees with three owners: Joan Smith (Head of Accounts), Peter Saunders (Sales and Marketing) and Raj Kang (Warehousing and Manufacture), who all have an equal share. The business has been established since the 1960s and has a good reputation with its clientele. However, over the past few years the economic downturn has affected the business adversely.
Recently, OES had secured a major contract with Reus LTD who has 50 offices in the USA. OES have been tasked with the responsibility of supplying all office furniture...Read More
1. (a) In relation to game AI, describe what the complexity fallacy refers to.
(b) Q-learning function:
Q(s,a) = (1 – α) Q(s,a) + α (r + γ max(Q(s’,a’)))
The Q-learning function is provided above. Describe Q-learning and how Q-values are used, making reference to the Q learning function and how Alpha α and Gamma γ affect learning, describing what will happen when each of these values is set to 0 and 1 respectively. List the other factors that are accounted for in the equation.
(c) Discuss the role of decision-making within an AI engine. Describe why a decision-making component is needed, where it fits in an AI framework and the expected inputs to and outputs from such a component.
a) Describe how bleeding and clotting disorders in haemostasis are diagnosed in the laboratory.
b) How and why is a patient on Warfarin therapy monitored in the laboratory. How does Warfarin cause it’s effect?
c) Give an example of how the International Normalised Ratio (INR) is calculated if the prothrombin time (PT) was 25 secs, the mean normal time was 10 secs and the International Sensitivity Index (ISI) was 1.05.
An elderly Caucasian patient presents with shortness of breath and tiredness. Their Full Blood Count, (FBC) indicates that they have a microcytic anaemia .
a) What would the data from the FBC results be likely to show?
b) What other investigations could be performed to aid diagnosis and what morphological features might a ...
1. Evaluate the role of the p53 protein in tumour suppression and assess the consequences of TP53 mutations in individuals with Li Fraumeni Syndrome.
2. Discuss the importance of mutations in APC in the initiation of colorectal cancer and assess the consequences of germ line mutations in individuals with familial adenomatous polyposis (FAP). Include molecular details of the Wnt signalling pathway in your answer.
3. Discuss the mechanisms that operate in the normal process of apoptosis, and review how cancer cells evade apoptotic death.
4. “Understanding of the molecular basis of cancer has led to the development of novel therapeutic agents.” Discuss this statement using two named cancers to illustrate your answer.
AllAssignmentHelp provides similar kind of...Read More
a) Mini case – British Airways PLC (BA)
British Airways (BA) is the largest operator of the type in the world and the flag carrier airline of the United Kingdom. Its headquarter is in Waterside near London Heathrow Airport, London, UK.
Before 1998, BA’s domain aircraft types are Boeing series. In August 1998, BA bought 59 aircrafts of Airbus A320 family to replace its aging fleet of Boeing 737s and A320-100s. In 2007, BA made its long-haul fleet replacement plan and ordered 12 confirmed and 7 options of Airbus A380s, as well as 24 Boeing 787 Dreamliners. In addition, BA currently has 57 Boeing 747s in service. The BA’s current Fleet is in Table1.
The products and services of BA (British Airways)
UK Domestic is BA’ economy class offering on domestic UK fli...Read More
The Pound Store Case Study
Pound Store, a mini-market selling every day essentials on budget prices, needs a new software based system to handle checkout (sales) and stock control. When a customer goes to a check-out with items the check-out operator uses the system to handle the sale. “Handle a sale” includes scanning and calculating the total cost of the items (by reference to the cost of the item stored on the system), debiting the stock level for each item, adding the sale to the sales ledger, and updating the cash that should now be in that particular till. If a customer has a discount card then a 5% is deducted from the bill. Note: the mini-market only accepts cash, not debit or credit cards.
When an operator takes over a check-out till they have to type in their ID, so that the...
a. Describe how an operating system kernel keeps track of the state of all processes, and give a list of the information required.
b. Identify the major services provided by an operating system. Explain how each provides convenience to the users. In which cases it would be impossible for user-level programs to provide these services.
a. An example of a UNIX file management system call is given below:
read(filedescriptor, buffer, nbytes)
Describe what it does.
b. Explain how an operating system allows files to be created with different permissions. What are their benefits to the UNIX program and to the users?
c. Describe the essential requirements of a file recovery function in an operating system.
A clinic has recorded the following numbers of patients’ visits. They have observed that there is no apparent seasonal pattern in the numbers of visits. The following data of past history are available.
a) Apply the Naïve method, which uses the most recent available observation as a forecast for the next period, to generate the forecast for Quarter 3, 2010.
Determine the forecast accuracy of the method for this time series, using the Mean Squared Error. Assuming the first 5 periods to be the warm-up sample, determine the forecast accuracy for the periods 6 to 10. Present your results in an appropriate table form.
b) Generate forecast for Quarter 3, 2010 using the Single Exponential Smoothing method with α = 0.2. Assume that the forecast for Quarter 1, Year 2008 is 28...Read More
a) Describe the key stages in digestion and absorption of carbohydrates.
b) Explain the effect on carbohydrate digestion/ absorption if a patient had
i) stopped producing the enzyme lactase.
ii) a section of the duodenum removed surgically due to cancer.
a) DEFINE hunger and EXPLAIN how it is affected by events in the digestive system.
b) EXPLAIN how leptin acts to control body fat levels.
c) What effect will a mutation in the leptin gene (that reduces levels of this hormone) have in a human child? What could be done to treat the child?
Discuss how blood glucose homeostasis is maintained by the action of insulin, and glucagon.
(Your answer should encompass both the differing responses in different organs and how ...
1. a) State five (5) factors that impact runway capacity
b) Explain how each of the above factors constrains the runway capacity
2. a) You are part of the new Commercial team of Jolaing International Airport whose new passenger terminal will open in 2012, with a capacity of 10mppa. The Airport is located in a strong inbound tourism destination. 80% of the airport’s traffic is EU, and 80% is Low Cost or Leisure.
Identify ten (10) key services or facilities that you could introduce into the terminal to maximise commercial revenue
b) For each of those services or facilities, indicate why they are particularly suited to such a passenger terminal operation
c) Identify three (3) types of ‘ancillary’ commercial service or facility that could be included withi...Read More
The Play-For-You (PFY) Store is a retailer for games, music CDs/DVDs and other related products. The store requires a customer ordering system to handle their business activities.
PFY maintains a catalogue of products as follows:
• Video games
• Drama special edition pack (including soundtrack CD and video DVDs)
• Music CDs and DVDs (e.g. pop music)
Customers will be required to firstly register with the store staff – this will be a one-off process to record their personal and payment information, e.g. name, e-mail and credit or debit card details. Once registered, the customer will then be added to a customer list. To place an order, the staff will ask customers for the details (including the products and quantities)...
The following trial balance was extracted from the books of Challenor Limited on 31.3.2012.
At t...Read More
- Define the terms ‘program’ and ‘instruction stream’ with respect to the execution of machine code instructions in a computer. Why might it be important to distinguish between them?
- Describe briefly the operation of a stack identifying an application for which it is necessary.
- Analyse the following two instructions, described in RTL, identifying in both cases the instruction phases, the addressing mode and the overall action of the instruction.
PC → MAR
MAR → store
store → MDR
MDR → IR
IRADDR → MAR
MAR → store
store → MDR
MDR → IB
Acc → ALU(via bus) plus IB → OB
OB → Acc
PC → MAR
MAR → store
store → MDR
MDR → IR
IRADDR → MAR
MAR → store
store → MDR
MDR → MAR
MAR → store
store → MDR
MDR → Acc