Failure Mode Effect and Criticality Analysis of Stub Axle...

Failure Mode Effect and Criticality Analysis of Stub axle subassembly 1. Introduction: FMECA is a methodology to identify and analyse predicted failure modes of various parts within the assembly or system. It is a technique to resolve potential problems in a system before they occur. It is most widely used reliability analysis technique performed between the conceptual and initial stage of the detailed design phase of the system in order to assure that all the potential failures have been considered and the proper provisions have been made to eliminate these failures. [1] (Ref. system reliability theory,2nd edition, Marvin Rausand) this technique can assist in selecting alternative concept for the same system and also provide†¦show more content†¦The outer racer of the bearing is fastening into the boss. The whole subassembly is then attached with the steering arm, stub axle by means of welded joints and the plate welded to the chassis by means of Rod end bearing(2). The steering arm is joined with the steering rod by swivel joint as shown in the fig1. By going through the force diagram2 of the system below, the number of components those are highly stressed and because of which may fail or lack in desired performance is four. i. Stub axle: stub axle whose main function is to be a hostage of the wheel may be deformed due to high fatigue stress induced due to the repetitive compressive load on upper edge and tensile on lower edge as many times as the wheel experiences high impact load in upward direction. And the result is the difficulty while cornering. Even though the probability of failure of stub axle is higher due to impact failure of weld joints. Which may cause the serious safety effect. ii. Hose and Bearing subassembly: As its main function is to reduce the friction, and providing bearing support, its conceivable failure is detected by testing during maintenance. the probability of failure is either wearing off the rolling element, or misalignment of bearing which is a result of failure of bearing spacer. The system effect due to this is difficulty in cornering the vehicle, harsh

What Is a Post Hoc Logical Fallacy

Post hoc (a shortened form of post hoc, ergo propter hoc) is a logical   fallacy in which one event is said to be the cause of a later event simply because it occurred earlier. Although two events might be consecutive, says Madsen Pirie in How to Win Every Argument (2015), we cannot simply assume that the one would not have occurred without the other. Why Post Hoc Is a Fallacy Post hoc is a fallacy because correlation does not equal causation. You cannot blame your friends for a rain delay just because every time they go with you to a ballgame it storms and play is delayed. Likewise, the fact that a pitcher bought new socks before he pitched a winning game does not mean that new socks cause a pitcher to throw faster. The Latin expression  post hoc, ergo propter hoc  can be translated literally as after this, therefore because of this. The concept can also be called faulty causation,  the fallacy of false cause,  arguing from succession alone  or assumed causation. Post Hoc Examples: Medicine The search for causes of diseases is rife with post hoc examples. Not only are medical researchers constantly seeking causes of or cures for medical maladies, but patients are also on the lookout for anything—no matter how unlikely—that might help to alleviate their symptoms. In some cases, there is also a desire to find a cause outside of genetics or luck which can be blamed for health or developmental challenges. Malaria The long search for the cause of malaria was fraught with post hoc fallacies. It was observed that persons who went out at night often developed the malady. So, on the best post hoc reasoning, night air was assumed to be the cause of malaria, and elaborate precautions were taken to shut it out of sleeping quarters, explained author Stuart Chase. Some scientists, however, were skeptical of this theory. A long series of experiments eventually proved that malaria was caused by the bite of the anopheles mosquito. Night air entered the picture only because mosquitoes preferred to attack in the dark. (Guides to Straight Thinking. Harper, 1956) Autism During the early 2000s, the search for a cause of autism led to vaccines, though no scientific link has been found between the administration of vaccines and the onset of autism. The time that children are vaccinated and the time theyre diagnosed do closely correlate, however, leading upset parents to  assign blame to the immunizations, for lack of a better explanation.  Ã‚   Post Hoc Variation: Inflated Causality In the inflated causality version of post hoc, the proposed idea tries to boil down a happening to one singular cause, when in actuality, the event is more complex than that. However, the idea is not completely untrue, which is why its called  inflated  rather than just completely faulty. For example, each of these explanations is incomplete: Attributing the cause of World War II to only Adolf Hitlers hatred of the JewsSuggesting that John F. Kennedy won the presidency over Richard Nixon exclusively because of the debate on TVBelieving that the cause of the Reformation was simply Martin Luther posting his thesesExplaining that the U.S. Civil War was fought only because of slavery Economics is a complex issue, so it can be a fallacy to attribute any particular happening to just one cause, whether it be the latest unemployment statistics or one policy being the magic fuel for economic growth.   Post Hoc Examples: Crime In a search for reasons for increased crime, a New York Times article ((Sewell Chan, Are iPods to Blame for Rising Crime? September 27, 2007) looked at a report that appeared to blame iPods: The report suggests that the rise in violent offending and the explosion in the sales of iPods and other portable media devices is more than coincidental, and asks, rather provocatively, Is There an iCrime Wave? The report notes that nationally, violent crime fell every year from 1993 to 2004, before rising in 2005 and 2006, just as America’s streets filled with millions of people visibly wearing, and being distracted by, expensive electronic gear. Of course, as any social scientist will tell you, correlation and causation are not the same thing.

Durkheim and Parsons Views on Functionalist Perspective...

This essay will discuss the Functionalists views of education by describing and evaluating Durkheim and Parsons Views. It will then go on to discuss the alternative to Functionalists perspectives by discussing Marxist and Liberalists views of the role of education. Durkheim believes that education passes on the norms and values, this integrates individuals into society, the norms and values are then extended into later life and without this it would cause chaos because people would do what they wanted, for example not sitting down in lessons and not arriving to lesson time. - Value consensus (Parsons, 2008:54).He also believes that without social solidarity a social life would not be possible and this glue holds society together. Moreover, this is a strength because education does help society pull together by learning people the norms and values and teaching them the important skills in life that are needed to build society. For example going to school and learning rules and guidelines would set people up in later life for employment or higher education, it also prepares people for exams within the workplace which employers may use to select people for jobs. However, Functionalists do not take into account that certain groups for example working class and certain ethnic minority groups underachieve in school, therefore there is inequality and this does not operate on a meritocratic system not taking into account class, gender and ethnicity.( HaralambosLangley,2004:91).Show MoreRelatedEducation Is the Main Agent of Secondary Socialisation. How Do Schools Prepare Us for Social Life?639 Words   |  3 Pagessocialisation is Education, more precisely, school. At school, the student continues learning that which they started learning at home. The aim of education is for the individual to learn how to behave in certain situations and places. One of the main aims of education in schools is the preparation for the world of work, one of the most predominant aspects of social life. Functionalists view the positive aspects when it comes to education’s contribution to society as a whole. Functionalists view educationRead MoreMacro Sociological Perspectives844 Words   |  4 PagesThe conflict perspective views society less as a cohesive system and more as an arena of conflict and power struggles. Compare and contrast the main tenets of the functionalist and conflict perspectives. â€Å"The conflict perspective views society less as a cohesive system and more as an arena of conflict and power struggles†. This perspective was founded by sociologist Karl Marx (1818-1883) and serves to introduce the concept that â€Å"inequality and specifically inequality under capitalism† existsRead MoreStrengths and Weaknesses of the Functionalist View on Society1459 Words   |  6 PagesAssess the strengths and weaknesses of the functionalist view on society. Functionalism is a consensus perspective, whereby society is based on shared values and norms into which members are socialised. For functionalists, society is seen as a system of social institutions such as the economy, religion and the family all of which perform socialisation functions. A strength of the functionalist theory is that it a macro level structural theory which uses an organic analogy- using the body asRead MoreAsses the Functionalist Role of Education in Society Essay1263 Words   |  6 PagesAsses the functionalist role of education in society The role of education is to educate individuals within society and to prepare them for working life in the economy, also to integrate individuals and teach them the norms, values and roles within society. There are many different sociological theories that differ within the role of education within society that attempt to try and explain how society or aspects of society work together. There are several perspectives on the sociology of educationRead MoreThe Contribution of Functionalist Sociology to an Understanding of the Role of Education in Society1337 Words   |  6 PagesThe Contribution of Functionalist Sociology to an Understanding of the Role of Education in Society Works Cited Missing Schools serve a function in a complex industrial society that family and peer groups cannot ( Durkheim,1956) Education is important in society. The structure and processes of education systems are related to the general process of socialisation. All sociologists agree with this, but sociologists have many different views about how societies are structuredRead More Functionalist and Marxist Approaches to Education and Economy1821 Words   |  8 PagesFunctionalist and Marxist Approaches to Education and Economy Functionalist and Marxist perspectives differ considerably in the way they view the relationship between education and the economy. Both perspectives agree that the educational system provides society with certain functions, but they disagree about the purpose of these functions and more importantly who benefits from them. Functionalists see the educational system as providing a positive educational experienceRead MoreSociology of Education1597 Words   |  6 PagesSociology of Education This assignment will compare and contrast competing theoretical perspectives on education process. Functionalism, Marxism and interactionist theories will be included. The definition of education is that it is a process or the act of gaining or teaching general knowledge; it is an act that assists in the development of reasoning as well as judgement and generally preparing oneself or others the intellectuality for mature life. Functionalism in essence deduces each part ofRead MoreFunctionalist And Conflict Paradigm Of The Role Schooling And Education1580 Words   |  7 PagesMartin Luther King Jr. once said that â€Å"the function of education is to teach one to think intensively and to think critically. Intelligence plus character – that is the goal of true education†. When we think of schooling and education and what it really entails many might assume it serves the same function. In this essay we shall elaborate on the views of the functionalist and conflict paradigm of the role schooling and education, we will also look at the differences and similarities of the two theoriesRead MoreScociological1136 Words   |  5 PagesSociological Paradigms There are three sociological perspectives that shape the structure of society as a whole. Functionalist perspective, symbolic interactionism and conflict theory. Sociologists develop these theories to explain social phenomena. In this essay I will explain the origins and evolution of the three main sociological perspectives and listing the sociologists that made major contributions to these disciplines. â€Å"The functionalist perspective is a sociological approach which emphasizesRead MoreSociological Perspectives Of An Individual And Their Own Behaviour And The Society1126 Words   |  5 PagesIOLOGICAL PERSPECTIVES   Sociology studies the lives of an individual and their own behaviour and the society they live in (A. Giddens 2006). There are theoretical perspectives used so that one understands an individual behaviour and the society they live in. The sociological perspectives study each behaviour and how it is linked to the whole society or how the society influence the individual rather. The society is a diverse body and different perspectives is used to understand how they are linked

Perspectives Paper - 1467 Words

Behaviorists and cognitive psychologists have debated for many years. It is from these two schools of thought that dueling informational ideas have been born. Originally, behaviorism was the leading school of thought being led by John B. Watson and B.F. Skinner. Later new ideas regarding the mind became more prominent. Edward C. Tolman was one of the more prominent figures of this field. Behaviorists looked for more evidence of behavior and rejected any ideas about the mind. An idea that was highly looked into by cognitive psychologists. Behaviorists emerged from frustration with psychoanalysts emphasis on the unconscious due to their desire to focus only on what was observable. The mind of course not being something that is capable of†¦show more content†¦The study that John Watson is best known for was that of Little Albert. In this study, Watson and his assistant placed an infant, baby Albert, in a room along with a white rat. At first, Albert attempted to reach out toward the rat as it moved around him however soon after Watson slammed together two steel pipes creating a noise loud enough to scare Albert. After this initial scare, the pipes were hit together each time Albert would reach for the rat eventually resulting in his complete fear of the rat and anything that resembled it (Watson Rayner, 1920). It was in this study that Watson was using a strategy of conditioning that would pair Albert with an unconditioned stimulus and then conditioning him to become fearful of this stimulus. Do to his researc h in the field, Watson became known as the founder of behaviorism. Much like John Watson, another American psychologist named B.F. Skinner was a behaviorist who focused on conditioning. The creator of Radical Behaviorism, Skinner rejected the ideas of cognitive psychologist Edward Tolman believing instead in a form of behavior which could only be predicted and controlled. An idea very similar to fellow behaviorist Watson. Radical behaviorism suggests that behaviors are results from an organisms environment, and it is these behaviors that cause an effect that will later determine the probability of the behavior beingShow MoreRelatedReflection Paper On Mediation1395 Words   |  6 PagesMediation Reflection Paper The two most important things I learned in our mediation groups included the importance of being an effective listener to other’s perspectives and why it is difficult to be mediator. In life it is important to consider how each side feels in a situation and how each parties’ interpretation can be different. In order to consider and understand someone else’s feelings, the person needs to be an effective listener. Sometimes I think people get so wrapped up in their own understandingsRead MorePrinciple of Management Course: My Experiences1775 Words   |  8 Pagespersonal life. I believe that learning is a process by which an individual undergoes certain changes. Also, during the learning process, many of the beliefs which a person holds are challenged. I underwent various changes during this course. This paper will explain those changes. Furthermore, I will detail the concepts, ideas and situations which had the greatest impact on me. Before taking this course, my definition of the concept of management would have been strictly based on power relationshipsRead MoreFrieda’s Fizz Balanced Scorecard Analysis1153 Words   |  5 Pagesmeasures such as customer service, internal business processes and more. These intangible measures provide better focus on the organization’s long-term strategies. This paper is an attempt to analyze Frieda Fizz decision to utilize a balanced scorecard as they expand into new geographic areas. The strengths and weaknesses of each perspective are discussed along with the pros and cons of using such an approach. It is recommended that Frieda Fizz use this tool through its expansion phase, keeping in mindRead MoreA Look at Ethical Perspectives Essay example1150 Words   |  5 PagesA Look at Ethical Perspectives While it would be nice to think that it is easy to make decisions and all come to the same conclusion, this is not always the case. Unfortunately, even regarding ethical decisions where you may think a right and wrong way exist may not be easy to determine. Since everyone has different backgrounds and therefore, different perspectives, we may not agree on what the best course of action is to take in a difficult decision. While I believe that character is the mostRead MoreCreative Accounting1022 Words   |  5 Pagesaccounting from different perspectives, discuss some advantages and disadvantages of creative accounting, and explain a real life example of creative accounting. Through these paragraphs I hope to also touch upon some of the ethical issues involved in engaging in creative accounting practices. Definitions of Creative Accounting From Different Perspectives Blake (1998) provides four definitions of creative accounting provided from different perspectives. The first perspective was written by a businessRead MoreThe Ethical Decision Making Model1008 Words   |  5 PagesThroughout the last century, The Unites States of America has been affectionately dubbed, â€Å"the melting pot.† Although our Western culture was built on a multicultural foundation, we have nevertheless failed, â€Å"to embrace many of the needs, views, and perspectives specific to those not considered part† of the dominant White-Western culture. Only in recent decades have we truly started to address this gap and the needs associated with serving others from a culturally sensitive standpoint. The AmericanRead MoreSociological Perspective Paper1721 Words   |  7 PagesSociological Perspective Paper Jeremiah Jarman SOC/100 6 August 2010 Dr. Anne McDaniel The World has produced a great deal of thinkers. Socialologists have a keen understanding and insight into human nature and the world around them. They have developed many theories on the human thoughts and actions. Herbert Blumer was a profound sociologist who had a deep impact on social theoryRead MoreSociological Perspectives Paper834 Words   |  4 PagesSOC/100 January 3, 2012 Sociological Perspectives Paper Introduction to video and clarification of the applied theoretical perspective. The video of School girl attacks identifies an attack on school girls in Kandahar, Afghanistan. Zahira, who is a 13-year-old, is interviewed by NBC told her story about the attack. Zahira, who always showed excitement about attending school, lost her joy after the attack on her and five other girls. The attack took place during the girls walk fromRead MorePerspective of Aging Paper805 Words   |  4 PagesI Perspective of Aging Paper Jerusha Palmer UOP- Dimensions of Health and the Older Adult-HCS 433 Angela McWilliams November 26, 2012 Perspective of Aging Paper Aging, the process of developing or growing old; the progression of changes in appearance (American Heritage Dictionary, 2007). The role of the media is to educate and inform as well as other masses; the senior population suffers greatly from negative stereotyping than any other age group. Some media outlets portray agingRead MoreTherapist Perspective Paper877 Words   |  4 PagesTherapist Perspectives Paper Danita McNeill Grand Canyon University Summer 2013 A sixteen year old teenager refuses to leave home and the therapist must review the situation from a MRI therapeutic approach. First, the MRI approach would not focus on the problem or how it developed but rather what efforts have the parent made to reach a resolution. MRI stems from the premise that families use practical attempts at resolving their situation but the attempts are ill-advised. MRIà ¢Ã¢â€š ¬Ã¢â€ž ¢s main focus

Transport Safety Free Essays

Examples of products that have been designed against crime are: a)  Ã‚  Ã‚  Ã‚  Ã‚   Cars produced with alarm systems and tracking devices. Cars produced with these features are more difficult to steal because alarm systems and tracking devices harden the target and increase the risk of apprehension. b)  Ã‚  Ã‚  Ã‚  Ã‚   Biometric locks. We will write a custom essay sample on Transport Safety or any similar topic only for you Order Now Biometric locks help prevent crime by target hardening. c)  Ã‚  Ã‚  Ã‚  Ã‚   Secure bike parking stands. This locks both wheels and the frame of the bike to the stand hardening the target and increasing the risk for a criminal. d)  Ã‚  Ã‚  Ã‚  Ã‚   Injection molded seats. These seats are virtually impervious to malicious criminal damage such as slashing with a knife or burning with cigarettes. e)  Ã‚  Ã‚  Ã‚  Ã‚   Security car battery. This car battery is designed to allow the car owner deactivate the battery on parking making it difficult for anyone without a spare battery to steal the car. f)  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Tamper evident containers. These containers prevent retailers from substituting branded products with cheaper alternatives. g)  Ã‚  Ã‚  Ã‚  Ã‚   Layout design of department stores. The layout of department stores is designed to reduce anonymity, freedom from surveillance and alternative escape routes. This answers the three basic questions potential shop lifters ask. Can I be seen? If I am seen will I be noticed? If I am seen and noticed will anybody do anything about it? These few examples were designed after extensive research and are quite effective in crime prevention. In all examples, targets have been hardened and the risk to offenders has been increased. The only limitations seen in store layout design is that many square meters that could have been used in product display are lost hence loss of revenue. But in the long run, the gain outweighs the loss. Another limitation to these new designs is that they tend to be more expensive than conventional designs but having said this, a design approach to crime prevention provides practical solutions to problems that are often complex and multifaceted. How to cite Transport Safety, Papers

Lockie Leonard free essay sample

The conflicts faced by the characters and their final resolutions promote certain values, both from the character? s point of view, and the author? s. Lockie amp; Sarge are viewed as conscious characters and perceive the seriousness of the situation in the novel. Foregrounding and privileging are utilized in Lockie Leonard ? Legend in the instance of Nan amp; Pop, by positioning them as negative characters in the novel. In the opening paragraph, the general theme of the novel is set by introducing the author? s use of dolphins as a symbol of the importance of family. The shark may be considered as an omen, a representation of Mrs Leonard? s sickness. Throughout the novel, the author creates the characters, in a way that promotes the values of family and how they must stick together to survive. Lockie is the main character, a kid who lives in a small coastal town and his mum has to go to hospital suffering from stress and Lockie has to take over her household duties. We will write a custom essay sample on Lockie Leonard or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He not only misses his mum, he? s confused, and feels guilt that maybe he and his family caused her illness. On top of this he is overwhelmed by the job he has to take on ? stepping in on the role of his mum. An example of this caring nature is in the chapter, Lashings of Toast (pg 27), when he looks for something for dinner when his mum was acting unusually. This sets the tone for Lockie? s behavior and character throughout the novel. This shows the responsibility and maturity on Lockie? s part. Instead of doing his own thing, he prepares dinner for his brother and sister, and then organizes Phillip to clean up while Lockie puts Blob to bed. Lockie does this because he is concerned about how his mum is acting and he is trying to alleviate the situation. As Mrs Leonard? s husband, Sarge has a somewhat similar conflict to Lockie, although there is a little more to it. Again, his frustration is aroused from his wife? s admittance to hospital; however instead of him just losing a mother, a carer and housewife, he? s lost his life partner, his wife. He has to juggle between keeping his job, looking after his children and being supportive for his sick wife. His optimistic nature derived from his humorous persona helps to hold the family together through out the family? s conflict. Although there are private times, when he finds it all too much, Sarge also finds strength in his son, Lockie and his initiative to uphold the family. Mrs Leonard? s parents; Nan and Pop were asked by Sarge in desperation, to come to Angelus and help with the family. Their values conflict with the family? ; a visual instance of this, is when they arrived, all they had with them was two huge, tartan golf bags. Two teeny over-night bags, just big enough to get a tooth brush and some denture glue into? a family crisis and they bring the golf goodies, (Pg 70)? and, this highlights two things: their different priorities from the family? s and in terms of family; selfishness. Nan and Pop? s uncaring for the family, and selfish nature portrays them as negativ e characters and thus highlights the other characters? values, rather then theirs. When Lockie over-hears Sarge? argument with Nan and Pop, he hears something that surprises him: ? I think Joy deserves a little more respect and support. That goes for the kids, too. It? s been hard for them with this transfer. They? re not spoilt or soft. They? re heroes, as far as I? m concerned. All of them. They could teach you a thing or two. (Pg 98)? This conflict between Sarge, and Nan and Pop not only gives them the message that they are a hindrance, not a help and to go home, but it also unites Lockie and Sarge and re-enforces the family unit, against Nan and Pop (the ? enemy? , promoting the value of strong family relationships. Lockie? s actions promote selflessness and caring for others. Instead of Lockie simply walking away and giving up on the situation, he attempts to help out and mend it. The chapter Lashings of Toast, demonstrates how Lockie? s acts of caring for others and unselfishness positions the reader to value these particular views. For example, when Lockie takes the day to spend time with his little sister, Blob: ? Blob? s cot was moved into the boys? room made spaghetti out of Lockie? s tapes and gnawed Phillip? baseball cards, but neither lost his temper? They piggybacked her, rolled on the floor with her? They did it all like heroes. (Pg 48)? The compassion and caring displayed by Lockie and his brother is a perfect example of how Lockie, as a tool of the author, values unselfishness and caring for others, as well as how spending time with family members is a very important aspect of family relationships. Sarge? s family values are also displayed by his reaction to Mrs Leonard? s sickness. He did a number of remarkable things, which are sure signs of a reliable, loving and caring father and husband. To begin with, as soon as Mrs Leonard was unable to take care of the kids, and do the housework; he took time off work to attempt to take over her role, and give Lockie a break. The chapter A Bit of Fresh Air (page 57) demonstrates this. Another instance, which highlights Sarge? s understanding and caring for Lockie, is when he organizes for a constable to take Lockie to the hospital, to visit his mum for the first time since her admittance to hospital (Pg 109). This unique father/son relationship between Sarge and Lockie is a very significant thing in the author? s portrayal of Sarge? s family values. The promotion of a character? s values can be conveyed via both their actions, and their interactions with other characters. The conflicts faced by Lockie and Sarge, in Lockie Leonard ? Legend are coped with, and resolved by the characters using their unselfish and caring natures. The fact that these particular traits of a character helped them to overcome their problems promotes these values and thus, gives the reader an important message about life. If the characters were able to get through a rough patch in their lives by reaching out to others, and valuing a strong family relationship, why shouldn? t the readers? Lockie Leonard free essay sample # 8211 ; Legend Essay, Research Paper Lockie Leonard? Legend demonstrates how different characters can decide similar struggles utilizing different get bying accomplishments. The struggles faced by the characters and their concluding declarations promote certain values, both from the character? s point of position, and the writer? s. Lockie A ; Sarge are viewed as witting characters and comprehend the earnestness of the state of affairs in the novel. Foregrounding and favoring are utilized in Lockie Leonard? Legend in the case of Nan A ; Pop, by positioning them as negative characters in the novel. In the gap paragraph, the general subject of the novel is set by presenting the writer? s usage of mahimahis as a symbol of the importance of household. The shark may be considered as an portent, a representation of Mrs Leonard? s illness. Throughout the novel, the writer creates the characters, in a manner that promotes the values of household and how they must lodge together to last. We will write a custom essay sample on Lockie Leonard or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Lockie is the chief character, a child who lives in a little coastal town and his Dendranthema grandifloruom has to travel to hospital enduring from emphasis and Lockie has to take over her household responsibilities. He non merely misses his Dendranthema grandifloruom, he? s confused, and feels guilt that possibly he and his household caused her unwellness. On top of this he is overwhelmed by the occupation he has to take on? stepping in on the function of his Dendranthema grandifloruom. An illustration of this lovingness nature is in the chapter, Lashings of Toast ( pg 27 ) , when he looks for something for dinner when his Dendranthema grandifloruom was moving remarkably. This sets the tone for Lockie? s behaviour and character throughout the novel. This shows the duty and adulthood on Lockie? s portion. Alternatively of making his ain thing, he prepares dinner for his brother and sister, and so organizes Phillip to clean up while Lockie puts Blob to bed. Lockie does this because h e is concerned about how his Dendranthema grandifloruom is moving and he is seeking to relieve the state of affairs. As Mrs Leonard? s hubby, Sarge has a slightly similar struggle to Lockie, although there is a little more to it. Again, his defeat is aroused from his married woman? s entree to infirmary ; nevertheless alternatively of him merely losing a female parent, a carer and homemaker, he? s lost his life spouse, his married woman. He has to beguile between maintaining his occupation, looking after his kids and being supportive for his ill married woman. His optimistic nature derived from his humourous character helps to keep the household together through out the household? s struggle. Although there are private times, when he finds it all excessively much, Sarge besides finds strength in his boy, Lockie and his enterprise to continue the household. Mrs Leonard? s parents ; Nan and Pop were asked by Sarge in despair, to come to Angelus and aid with the household. Their values conflict with the household? s ; a ocular case of this, is when they arrived, all they had with them was? ? two immense, tartan golf bags. Two bitty over-night bags, merely large plenty to acquire a tooth coppice and some dental plate gum into? a household crisis and they bring the golf dainties, ( Pg 70 ) ? and, this high spots two things: their different precedences from the household? s and in footings of household ; selfishness. Nan and Pop? s uncaring for the household, and selfish nature portrays them as negative characters and therefore high spots the other characters? values, instead so theirs. When Lockie over-hears Sarge? s statement with Nan and Pop, he hears something that surprises him: ? I think Joy deserves a little more respect and support. That goes for the childs, excessively. It? s been hard for them with this transportation. They? rhenium non spoiled or soft. They? rhenium heroes, every bit far as I? m concerned. All of them. They could learn you a thing or two. ( Pg 98 ) ? This struggle between Sarge, and Nan and Pop non merely gives them the message that they are a hinderance, non a aid and to travel place, but it besides unites Lockie and Sarge and re-enforces the household unit, against Nan and Pop ( the? enemy? ) , advancing the value of strong household relationships. Lockie? s actions promote altruism and caring for others. Alternatively of Lockie merely walking off and giving up on the state of affairs, he attempts to assist out and repair it. The chapter Lashings of Toast, demonstrates how Lockie? s Acts of the Apostless of caring for others and unselfishness places the reader to value these peculiar positions. For illustration, when Lockie takes the twenty-four hours to pass clip with his small sister, Blob: ? Blob? s fingerstall was moved into the male childs? room # 8230 ; made spaghetti out of Lockie? s tapes and gnawed Phillip? s baseball cards, but neither lost his pique? They piggybacked her, rolled on the floor with her? They did it all similar heroes. ( Pg 48 ) ? The compassion and caring displayed by Lockie and his brother is a perfect illustration of how Lockie, as a tool of the writer, values unselfishness and caring for others, every bit good as how spending clip with household members is a really of import facet of household rela tionships. Sarge? s household values are besides displayed by his reaction to Mrs Leonard? s illness. He did a figure of singular things, which are certain marks of a dependable, loving and caring male parent and hubby. To get down with, every bit shortly as Mrs Leonard was unable to take attention of the childs, and do the housekeeping ; he took clip off work to try to take over her function, and give Lockie a interruption. The chapter A Bit of Fresh Air ( page 57 ) demonstrates this. Another case, which highlights Sarge? s apprehension and lovingness for Lockie, is when he organizes for a constable to take Lockie to the infirmary, to see his Dendranthema grandifloruom for the first clip since her entree to infirmary ( Pg 109 ) . This alone father/son relationship between Sarge and Lockie is a really important thing in the writer? s portraiture of Sarge? s household values. The publicity of a character? s values can be conveyed via both their actions, and their interactions with other characters. The struggles faced by Lockie and Sarge, in Lockie Leonard? Legend are coped with, and resolved by the characters utilizing their unselfish and caring natures. The fact that these peculiar traits of a character helped them to get the better of their jobs promotes these values and therefore, gives the reader an of import message about life. If the characters were able to acquire through a unsmooth spot in their lives by making out to others, and valuing a strong household relationship, why shouldn? t the readers?

Dynamic Risk Management and Firm Value †MyAssignmenthelp.com

Question: Discuss about the Dynamic Risk Management and Firm Value. Answer: Introduction: The overall returns provided by LVR 40% is relatively higher than all the other LVR investment scope. This mainly indicates that with the help of LVR use investors are able to generate higher returns from investment. In addition, the use of long-term portfolio equity with the LVR could eventually help in generating a return of more than actual return of no LVR. This mainly indicates that use LVR method could eventually help the investor in generating higher return by increasing the overall investment value. There is cost of being exposed to the possibility of forced liquidation when using margin loan, as it due to decline in retune the overall LVR increase the threshold level, which directly initiates the sale of shares. Therefore, there is a possibility of the return provided by the stock continues to decline then the LVR would eventually cross the thresh hold level and initiate share selling (Bodie, 2013). Hence forced liquidation is a possibility if the portfolio value crosses the threshold margin call level. The evaluation of LVR mainly help in identifying the irrelevant increment in returns that could be generated by an investor. However, there can be forced liquidation, due to the violation of Margin Call. Any kind of standing instructions regarding the marginal call is directly conducted when maximum LVR limit has touched. The relevant standing instructions directly influence the margin call and force the investor to liquidate if adequate funds are not presented for the margin ca ll. For example if the overall limit is set for 50% and it is touched during the transactions of the equity then all the shares need to be sold for reducing the LVR below the margin call percentage. If the margin call limit is not violated then there is no first liquidation conducted for the investor. However, this Margin Call limit is directly set up by the loan provider as it helps in controlling the excessive risk that could be taken by an individual. Hull Basu (2016) stated that us of LVR system has mainly allowed the investor with adequate boost in return generation capacity. On the other hand, Zelenko (2017) criticizes that LVR system if not adequately invested could increase losses of the investor exponentially. The evaluation of overall system mainly help in identifying the profits that could be obtained by the Investor by taking more capital for investment. Therefore it could be understood that the overall IVR system forces the investors to liquidate all it stocks if Margin Call is initiated. However if the funds are available to support the margin calls then the force liquidation is not conducted while the support is conducted for the investment then the stocks needs to be liquidated to support the margin calls and rising expenses. The forced liquidation could only occur if the overall maximum LVR rate is violated from the declining value in shares and constant debt accumulation. Reference and Bibliography: Bodie, Z. (2013).Investments. McGraw-Hill. Chance, D. M., Brooks, R. (2015).Introduction to derivatives and risk management. Cengage Learning. Guo, Z. Y. (2017). Models with short-term variations and long-term dynamics in risk management of commodity derivatives. Hopkin, P. (2017).Fundamentals of risk management: understanding, evaluating and implementing effective risk management. Kogan Page Publishers. Hull, J. C., Basu, S. (2016).Options, futures, and other derivatives. Pearson Education India. Lam, J. (2014).Enterprise risk management: from incentives to controls. John Wiley Sons. McNeil, A. J., Frey, R., Embrechts, P. (2015).Quantitative risk management: Concepts, techniques and tools. Princeton university press. Prez?Gonzlez, F., Yun, H. (2013). Risk management and firm value: Evidence from weather derivatives.The Journal of Finance,68(5), 2143-2176. Rampini, A. A., Sufi, A., Viswanathan, S. (2014). Dynamic risk management.Journal of Financial Economics,111(2), 271-296. Zelenko, I. (2017).Credit Risk Management for Derivatives: Post-Crisis Metrics for End-Users. Springer.