38,468 research outputs found

    Output orientation in R and D: A better approach?

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    Research and development management is examined as it might be performed under an output-oriented approach in which the company's needs for innovations in various product and production areas were identified. It is shown that a company's R and D program is the aggregate of its needs in various areas of its business. The planning, programming and budgeting approach is applied to R and D. The state of theory on R and D decision making in economics is summarized. Abstracts of articles concerning R and D in industry are included

    Changing Careers -- Six Options for Becoming a CPA

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    Thermoelastic-damping noise from sapphire mirrors in a fundamental-noise-limited interferometer

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    We report the first high-precision interferometer using large sapphire mirrors, and we present the first direct, broadband measurements of the fundamental thermal noise in these mirrors. Our results agree well with the thermoelastic-damping noise predictions of Braginsky, et al. [Phys. Lett. A 264, 1(1999)] and Cerdonio, et al.[Phys. Rev. D 63, 082003 (2001)], which have been used to predict the astrophysical reach of advanced interferometric gravitational wave detectors.Comment: 4 pages, 2 figure

    The Split Window Microwave Radiometer (SWMR) for hurricane wind speed measurement from space

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    The monitoring of hurricanes demands considerable resources each year by the National Oceanic and Atmospheric Administration. Even with the extensive use of satellite and airborne probing of those storms, there is still much uncertainty involved in predicting landfall for timely evacuation of people subject to the threat. The concept of the Split Window Microwave Radiometer (SWMR) is to add an additional capability of remotely measuring surface winds to hopefully improve prediction capabilities or at least define the severity of the storm while it is far from land. Some of the present science and observational needs are addressed in this report as are remote sensing limitations which impact the design of a minimal system which can be launched into low earth orbit by a low cost launch system. This study has concluded that wind speed and rain rate maps of hurricanes can be generated with an X-Band radiometer system with an antenna whose aperture is 2 m on a side

    THE REAL OPTIONS PUZZLE FOR MICHIGAN TART CHERRY PRODUCERS

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    Capital budgeting decisions faced by tart cherry producers often challenge our traditional valuation techniques. Real Options Valuation (ROV) methods may be useful but assumptions of existing ROV approaches are restrictive and, in some cases, unrealistic. In this paper we assert that use of existing option pricing methods can not be justified. Instead, dynamic programming approach is more appropriate. We develop a multi-period model and use it to obtain an optimal orchard replacement policy. The model is applied to an example farm from Northwestern Michigan and the results provide the following messages. First, flexibility options can be estimated for individual tart cherry producers using the DP approach albeit, indirectly. Second, a farmer who uses the DP approach to develop contingency optimal replacement rules will be better off than one who uses an ad hoc standard replacement rule. Third, if the SW climate scenario shifts to NW Michigan, tart cherry orchard values may fall substantially with implications on the future of tart cherry production in that region, unless compensating price increases follow.Farm Management,
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