What Happens if Pensions Disappear? A Case Analysis

Long before General Motors filed for bankruptcy protection, it closed all 10 of its facilities in Anderson, Indiana, which was devastating to the greater Anderson Community, yet today, more than ten thousand General Motors retirees reside around Anderson and the pension benefits continue to buffer the economic impact on the community. There are viable threats in the current economic climate to this stream of pension income, however. This study is an attempt to assess the long-term economic impact that a loss or significant reduction of future pensions could potentially have on the Anderson, Indiana, area

How An Inventory Cost Misinterpretation Led To Chaos For Purchasing And Operations In A LEAN System

A firm engaging in lean production has employed a computer system to revise order quantities and lot sizes in real time.  What appears to be a minor misinterpretation of costs leads to radical fluctuations in inventory and efficiency.  Volumes of resources and products grow, contrary to the intent of the system and drastic action is taken to reduce costs, leading to a period of shortages and high administrative costs

G. LeBlanc Corporation, Relocating A Facility

This is a business case study describing a classical success story that brought a business from a store front music store to become the largest producer of brass and woodwind instruments in America. Additionally, the unique work environment and operating strategy of this firm was not only visionary, but enabled the company to prosper in a difficult labor market. Finally, the demise of the company when new management attempted to be a traditional company clearly indicates the important role of the entrepreneur. Although the focus of the case is on the decision to re-locate a facility, this is an excellent case for courses in entrepreneurship, strategy, and operations

An Initial Study of the Economic Impact of General Motors Pension Benefits on the Greater Anderson, Indiana, Community

Like in many communities, transfer payments are an important income source in Anderson, Indiana. Anderson was once the home of ten General Motors plants. These plants are now closed; approximately 14,000 retirees from these plants reside in the greater Anderson, Indiana, area. This study is a first attempt to assess the long-term impact that these pensions will have on the Anderson, Indiana, area

Changes In The Horse Racing Industry And Impacts On The Indiana Economy: 2010 - 2014

A survey of the horse racing and horse breeding industry in Indiana was conducted in 2014 and the economic impact of this industry on the Indiana economy determined utilizing an input-output model.  Comparing the results to an identical study conducted in 2010, there are some interesting comparisons especially considering the economic challenges facing the racing and gaming sector of the economy.  These changes and the economic impact of these changes on the Indiana economy are the substance of this paper.  Specifically, the racetracks in Indiana are under a single ownership and racing composition was changed.  In a challenging economy, the competitive horse breeding segment of the industry has also undergone changes.  The consequences of these changes on the Indiana economy are measured and compared with the earlier study

Ammianus Marcellinus as a source for visual culture of the IV. century

Tema je ovoga rada fenomen umjetnosti razdoblja koje je u povijesti umjetnosti poznato pod nazivom kasna antika. Glavna su mu okosnica likovne značajke razdoblja koje u svojem historiografskom djelu Povijest od Nervine smrti opisuje rimski povjesničar Amijan Marcelin. Kako bismo što bolje razumjeli likovne značajke koje se u literaturi nazivaju kasnoantičkima, moramo se osvrnuti na šire povijesno i povijesnoumjetničko razdoblje. Rad je sadržajno podijeljen u tri dijela u kojima se govori o obilježjima kasne antike kao povijesnog i povijesno-umjetničkog razdoblja, zatim o rimskoj historiografiji IV. stoljeća u kontekstu koje se spominju život i djelo Amijana Marcelina, te, naposljetku, o transformaciji likovnoga jezika u IV. stoljeću kroz teme kasnoantičke portretistike, dvorskog ceremonijala i mitoloških prikaza

Estimating The Annual Cost Of Ownership Of A Recreational Horse In Indiana

A number of studies have attempted to estimate the cost of horse ownership in various States.  These studies provided valuable information regarding the types of costs associated with horse ownership and an estimate of a grand average cost.  Horse ownership is more complex depending on a variety of factors including location, breed, horserelated activities, and potential revenues. In this study, a regression model is developed that provides insights into the factors most relevant to horse ownership costs as well as a more effective model for estimating horse ownership costs in Indiana when compared to an estimation of cost based on a general average

The Labor Agreements Between UAW And The Big Three Automakers-Good Economics Or Bad Economics?

On October 10, 2007, the UAW membership ratified a landmark, 456-page labor agreement with General Motors.  Following pattern bargaining, the UAW also reached agreement with Chrysler LLC and then Ford Motor Company.  This paper will examine the major provisions of these groundbreaking labor agreements, including the creation of the Voluntary Employee Beneficiary Association (VEBA), the establishment of a two tier wage structure for newly hired workers, the job security provisions, the new wage package for hourly workers, and the shift to defined contribution plans for new hires.  The paper will also provide an economic analysis of these labor agreements to consider both if the “Big Three” automakers can remain competitive in the global market and what will be their impact on the UAW and its membership