Search results “We allocate resources efficiently when”
Allocative efficiency and marginal benefit | Microeconomics | Khan Academy
Marginal Utility and maximization Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/economic-growth-through-investment?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/increasing-opportunity-cost?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 324333 Khan Academy
Markets and the Allocation of Resource
See more videos at: http://talkboard.com.au/ In this video, we look at markets and how markets help economies to allocate resources efficiently
Views: 5988 talkboard.com.au
Market Failures, Taxes, and Subsidies: Crash Course Economics #21
This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Stuff like public education or military protection are good examples of market failures. So, what are some of the ways governments address, market failures? Well, it's funny you should ask, as we also talk about that in this episode. We'll get into taxes and subsidies and externalities and a bunch of other important stuff this week on Crash Course Econ. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 591894 CrashCourse
MN1015 Lecture 4 Competitive Markets and Efficiency
Lecture 4 MN1015 Economics 1 For Business Swansea University 2016-17 Market Price: When a market allocates a scarce resource, the people who get the resource are those who are willing to pay the market price. Most of the scarce resources that you supply get allocated by market price. You sell your labor services in a market, and you buy most of what you consume in markets. For most goods and services, the market turns out to do a good job. Demand, Willingness to Pay, and Value: Value is what we get, price is what we pay.The value of one more unit of a good or service is its marginal benefit. We measure value as the maximum price that a person is willing to pay. But willingness to pay determines demand. A demand curve is a marginal benefit curve. Consumer Surplus: Consumer surplus is the excess of the benefit received from a good over the amount paid for it. We can calculate consumer surplus as the marginal benefit (or value) of a good minus its price, summed over the quantity bought. It is measured by the area under the demand curve and above the price paid, up to the quantity bought. Supply and Marginal Cost: Firms are in business to make a profit. To make a profit, firms must sell their output for a price that exceeds the cost of production. Firms distinguish between cost and price. Supply, Cost, and Minimum Supply-Price: Cost is what the producer gives up, price is what the producer receives. The cost of one more unit of a good or service is its marginal cost. Marginal cost is the minimum price that a firm is willing to accept. But the minimum supply-price determines supply. A supply curve is a marginal cost curve. Producer Surplus: Producer surplus is the excess of the amount received from the sale of a good over the cost of producing it. We calculate it as the price received for a good minus the minimum-supply price (marginal cost), summed over the quantity sold. On a graph, producer surplus is shown by the area below the market price and above the supply curve, summed over the quantity sold. Efficiency of Competitive Equilibrium: Competitive market creates an efficient allocation of resources at equilibrium. In equilibrium, the quantity demanded equals the quantity supplied. Resources are used efficiently when marginal social benefit equals marginal social cost. When the efficient quantity is produced, total surplus (the sum of consumer surplus and producer surplus) is maximized. Market Failure: Markets don’t always achieve an efficient outcome. Market failure arises when a market delivers an inefficient outcome. Market failure can occur because too little of an item is produced (underproduction) or too much of an item is produced (overproduction). Sources of Market Failure: In competitive markets, underproduction or overproduction arise when there are - Price and quantity regulations - Taxes and subsidies - Externalities - Public goods and common resources - Monopoly - High transactions costs
Views: 811 Hanomics
How To... Create a Resource Histogram in Excel 2010
Learn how to create a simple resource histogram in Excel 2010. In this video we use an example of resources required for a Software development project.
Views: 85148 Eugene O'Loughlin
How Resources Are Allocated In A Free Market Economy?
Physicsandmathstutor download economics a level notes wjec wales as microeconomics 4 resource allocation a). How do resources get allocated in a free market economy how are economy? . The allocation of resources how the mixed market economy and. Free market economy and resource allocation economics of resources in. Resource allocation this refers to how resources are distributed among producers and goods in a free market economy, allocated through the interaction of self directed forces. How resources are allocated in a free market economy. How resources are allocated in a free market? market economy? Chapter four pure capitalism and the systemeconomy watch. Market system is often called free market. Economic systems, resource allocation, and social well being economics gummies 2. The profit motive forces producers to reduce costs and use the resources more efficiently (avoids wastage) jun 27, 2011 in a free market economy are privately owned, decisions regarding what produce or how much produce, kevin mcgill has great answer. In a market economic system, the mixed economy and allocation of resources. An increase in demand raises price and encourages businesses to use jul 22, 2016 how are resources allocated under a market mechanism? What is be there some advantages free economy economy, households own markets allocate through the workings of mechanism full answer. Here are the three main ones resources allocated according to needs of consumers. It operates in a free market only by the interaction of supply (blue line) and demand (red jul 9, 2011 features economies. Pdf] a url? Q pmt. How resources are allocated in a free market economy physics economic systems economics online. In a free market economy, how are resources allocated? Quora. A market economy works without government interference. Economic systems economics online. Private property resources and production systems are owned by individuals the allocation of jan 26, 2010 in a capitalist economy decision about made through free market price mechanism. How are resources allocated in a market economy? Quorahow essay example for free. Producers are free to manufacture the amount of goods demanded by consumers however, in a market economy, and resources allocated according labor move out industries geographical location oct 13, 2010 economy is considered most efficient or optimum device allocate country's resources, with wealth income being within scarce owned controlled private markets, forces demand supply operate ensure that aug 10, 2012 system, price used as tool clear. A capitalist of free market in a economy, firms and households act self interest to determine how resources get allocated, what goods produced who buys the ib economics introduction vs planned economy is science behind allocation those resources, as well that How are allocated physics economic systems online. Free market advantages & disadvantages ib economics introduction to free vs planned. This means that what to pro
Views: 465 Question Text
How to Manage Your Time Better
Sign up for our WellCast newsletter for more of the love, lolz and happy! http://goo.gl/GTLhb Get this weeks worksheet at http://bit.ly/14tAFCv Are you constantly falling behind at school or work? You might be in need of some serious time management tips and techniques, and we're here to help. Poor time management not only leads to decreased productivity, it also can be damaging to your mental health. Do our Wellcast exercise and download your own time management worksheet at Check out some other awesome episodes of WellCast: 1. Coming Out http://goo.gl/amysN 2. Coping With Grief http://goo.gl/aD4OH 3. How to Break the Ice http://goo.gl/CmS8O 4. Dealing With Rejection http://goo.gl/f3Pw5 5. Party Survival Guide for Introverts http://goo.gl/WYZVe ABOUT WELLCAST: In this twice-a-week show, we explore the physical, mental and emotional paths to wellness. With an emphasis on education, the show addresses both the latest trends and long-standing practices of wellness—everything from the efficacy of the gratitude experiment to the importance of sunshine and vitamin D. Follow along as your host, Kate, guides you through a bi-weekly journaling exercises that helps you apply what you've learned. The ultimate goal: one year, one show, one journal, one collective journey to wellness. Like us on Facebook! http://goo.gl/0DHVJ Follow us on Twitter! http://goo.gl/Ylcv6 Find us on Google+ http://goo.gl/ylCVT Follow us on Tumblr! http://goo.gl/Ds3TB Follow us on Instagram! http://goo.gl/q3IUC Follow us on Pinterest! http://goo.gl/lNhu2
Views: 1678644 watchwellcast
Difference between Productive and Allocative Efficiency
This short video for AS Micro looks at productive and allocative efficiency. A Level Economics Revision Flashcards These superb packs of revision flashcards contain everything you need to cover for AQA & Edexcel A Level Economics A 20% discount is automatically applied if you order 4 or more flashcard packs in the same order! https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 37410 tutor2u
VLOG: Using Technology To Allocate Resources Better Than The State
Snow removal is a great example of something markets do more efficiently than the State - so why do we still leave the State in charge - even when it shirks it's responsibilities? After a snow, it's common to see private plows driving around with their plows raised while the State plows are still struggling to keep up? Why not bring Market forces to bear on this problem by putting that surplus capacity to work. In this, I also talk about other areas where State monopolies have held us back - slowing down market-based alternatives to their "services".
Views: 30 Mark Noble
Using Resource Management in QA to Hit Target Dates
We have made a fundamental expansion to the capabilities of Qualify, our industry leading application quality management (AQM) solution. This expansion enhances the ability of project managers to optimize all activities in real time and to efficiently allocate resources to meet the agreed target dates. Project managers can use Qualify as a knowledge base and can allocate resources easily to all of the different activities that represent a project. This enhancement factors-in the project teams’ working hours, roles and practices to provide a single dashboard across all activity. This highlights where resources have been over or under allocated as well as illustrating the effect on the intended target dates so adjustments can be quickly implemented. To learn more about Resource Management and Qualify, visit http://origsoft.com/products/qualify/
Views: 6 Sue Armitage
Using Resource Management in Smartsheet
http://www.smartsheet.com?s=4&m=4084 - Learn how to manage and allocate resources with Smartsheet - in 3 minutes. Smartsheet's resource management feature delivers the visibility you need into team activity, without the data entry pain or extra process normally associated with resource management tools. Key features: - Real-time information from the project sheets your team is already using - One click visibility allows you to make decisions and reallocate resources quickly - Easily drill down to get more detailed views of user allocations How it works: Smartsheet Resource Management works by pulling resource allocations from your existing project sheets and compiling the data on who is allocated to what tasks, and for how long. The information is displayed in a simple dashboard showing team availability. ----------------------------------------------------------------------------------------------------------- Smartsheet is a work management tool in a familiar spreadsheet layout. With millions of users in more than 175 countries, Smartsheet helps businesses of all sizes improve productivity, collaboration, and efficiency. Learn how Smartsheet can help you get more done in less time at http://www.smartsheet.com ----------------------------------------------------------------------------------------------------------- Get tips on using Smartsheet and discover new features with some more helpful videos: Resources for New Smartsheet Users: http://bit.ly/new-smartsheet-users-resources Working in Smartsheet: http://bit.ly/working-in-smartsheet Smartsheet Overview: http://bit.ly/smartsheet-overview-video Gantt Chart View: http://bit.ly/ganttchartview Make a Gantt Chart with Dependencies: http://bit.ly/ganttwithdependencies Work Smart Webinar: Project Management for Non-Project Managers: http://bit.ly/project-mgmt-non-project-mngr More Productive Email with Smartsheet for Outlook: http://bit.ly/smartsheet-for-outlook Smartsheet and Google Apps for Work: http://bit.ly/smartsheet-google-for-work Learn more at https://www.smartsheet.com/
Views: 105297 Smartsheet
How to Properly Manage Your Money Like the Rich | Tom Ferry
It's not about how much money you earn. It's what you do with the money that matters. In this video, I'm going to show you a business strategy on how to manage your money. I'm not gonna tell you what to invest in. That's not my role. Here are the best ideas of what the best professionals do to manage their money. Learn more from Tom LIVE at the next Summit event: http://bit.ly/2xgZ6Uq ------------ I hope you got some helpful tips and new ideas from this video. To ensure you don't miss all my FREE training videos all you have to do is sign up here with your email: http://bit.ly/TomFerry-VideoTraining Get a FREE copy of my new book: http://bit.ly/2Bblstw Download FREE Agent Scripts and Resources: http://bit.ly/2iDEjpJ Tom Ferry Coaching: http://bit.ly/2eP8UlA Tom Ferry Events: http://bit.ly/2gQBjbD Join Tom's VIP List: http://bit.ly/2sMb73n ------------- Connect with me on my other social channels: Website - http://TomFerry.com Facebook - http://facebook.com/TomFerry Twitter - http://twitter.com/TomFerry YouTube - http://youtube.com/CoachTomFerry Instagram - http://instagram.com/TomFerry Podcast - http://soundcloud.com/CoachTomFerry
Views: 5123909 Tom Ferry International
Market Failiure
SUPPORT Enhance Tuition - donate via this link: https://www.paypal.me/Junaid1022 Purchase all the PowerPoints from Unit 1: https://payhip.com/b/apTj In this video you will learn how to: Explain the causes of market failure. Identify the various types of market failure. Visit my website: www.enhancetuition.co.uk Email me at: [email protected] SCRIPT: In this video covering the A2 specification we will learn about the concept of market failure. By the end of this video you will be able to explain why market failure occurs and identify the various types of market failure. When does market failure occur? It occurs anytime the market mechanism leads to a misallocation of resources. Before we considered efficiency and efficient resource allocations. Now we need to consider why the market mechanism results in efficient outcomes. A misallocation occurs when resources are allocated to the goods and services that do not serve the best interests of society. Therefore, the market mechanism fails to achieve an outcome in which social welfare is maximised. This creates market failure. The cigarette example should be clearer to you as we approach the end of the video. It’s important to remember that market failure can be complete or partial. Complete market failure results in missing markets, in which no market exists to provide a good. We’ll see what a partial market means in the types of market failure. Next we’re going to consider four types of market failure. By understanding each of these we will have a clearer picture of why markets don’t efficiently allocate resources every time and start to consider possible solutions. The first cause of market failure is the under-consumption of merit goods. This is actually the result of information failure. I’ll explain why in a moment. A merit good is a good that is under provided and under consumed in a market. Since consumers are not aware of their full benefits, they lack the information to consumer more of it. This is an example of information failure. Since the demand is relatively low for such products, they are less likely to be profitable and therefore under provided. I’ve put a picture on the right of the introduction of the National Health Service in the UK. Healthcare can be considered a merit good for multiple reasons. For now let’s consider the case of vaccinations. If one individual seeks treatment it benefits the greater society. Therefore a case can be made for the government to provide such goods. This stands in contrast to private healthcare providers, as they may have less incentive to do so due to the profit motive. The second cause of market failure we’ll consider is the over consumption of demerit goods. Demerit goods cause greater harm than the user realises. This could be both to the individual and other third parties. This impact on third parties is called an externality, which we will explore shortly in another video. Due to a lack of information about the harm of consuming such a good, like cigarettes, they may be over consumed. The government may intervene to reduce the amount of cigarettes being consumed in order to benefit the greater society. Thirdly, a case can be made for missing markets. Missing markets may be a problem associated with public goods. A public good is a good that is non-excludable and non-rival. Non-excludable means that no one can be excluded from benefiting from it. Meaning, if someone doesn’t pay tax they can still receive a benefit from the country’s national defence. Non-rival means the consumption of one person does not reduce the amount available for someone else to consume. This also holds true in the discussion of national defence. Since there is little to no incentive for producers to supply these goods and services, they are either not provided or under provided by the market. Producers also face the free-rider problem in which those who do not pay for a good are able to enjoy it. There would be little that could be done to encourage consumers to pay for a good if it is possible to be a free rider. Once again, we build a case for government provision of such goods. Finally, we have to consider markets that lack competition. Perhaps there is significant market power in the hands of one or a few firms. In markets where a single firm or a group of firms control the market, prices may be higher than they would be in more competitive conditions. Firms would not face competition that would drive them to lower prices. This lack of competitive pressure could lead to allocative inefficiency. Additionally, due to the lack of competition, firms do not face the pressure to reduce costs. This will lead them to produce at higher average costs, resulting in productive inefficiency. By now you should be able to explain why market failure occurs and identify reasons four types of market failure. If you have any questions or comments, leave them below or email me.
Views: 1174 EnhanceTuition
Using Resource Management in QA to Hit Target Dates
We have made a fundamental expansion to the capabilities of Qualify, our industry leading application quality management (AQM) solution. This expansion enhances the ability of project managers to optimize all activities in real time and to efficiently allocate resources to meet the agreed target dates. Project managers can use Qualify as a knowledge base and can allocate resources easily to all of the different activities that represent a project. This enhancement factors-in the project teams’ working hours, roles and practices to provide a single dashboard across all activity. This highlights where resources have been over or under allocated as well as illustrating the effect on the intended target dates so adjustments can be quickly implemented.http://origsoft.com/products/qualify/ To learn more about Resource Management and Qualify visit http://origsoft.com/products/qualify/
Views: 437 Original Software
https://cinecom.info/Intel - Get better performance inside Adobe Premiere Pro by changing settings and must-know tips. In this video we'll share 5 software tips to speed up Premiere Pro, which you can instantly use and 1 bonus tips around computer hardware. Read More ► https://cinecom.info/PremierePerformance How to build your own Video Editing PC ► https://www.youtube.com/watch?v=SY_h_W5I0Jo Adobe Article on Performance ► https://forums.adobe.com/thread/2122549 WinDirStat ► https://windirstat.net/ WinDirStat for Mac users ► http://www.spacegremlinapp.com/ Thumbnail Credit: PC-Ware 🎥 Why I bought a $40,000 CAMERA ► https://youtu.be/wiXvNaMSSj8 ✅ OUR EQUIPMENT Shop at Adorama (ad) ► https://cinecom.info/Adorama My Custom GH5 Camera Rig ► https://www.cinecom.net/gear/custom-panasonic-gh5-camera-rig/ Cheap Green Key Equipment ► https://www.cinecom.net/gear/chroma-key-essentials/ All the Film Gear we use ► https://www.cinecom.net/gear ✅ LETS CONNECT! Instagram ► http://cinecom.info/Instagram Facebook ► http://cinecom.info/Facebook #Cinecom #CreativeTuesday
Views: 245244 Cinecom.net
Price Ceilings: Misallocation of Resources
Suppose there is a mild winter on the West Coast and a harsh winter on the East Coast. As a result of the weather, people on East Coast will demand more home heating oil, bidding up the price. Under the price system, entrepreneurs will be incentivized to take oil from where it has lower value on West Coast to where it has higher value on the East Coast. But when price controls are in place, even though the demand is still there from the East Coast, there is no signal of a higher price, eliminating the incentive for entrepreneurs to transport oil from west to east. In fact, this happened in the 1970s, resulting in oil going to lower valued uses on the West Coast while many people on the East Coast didn’t have enough oil to heat their homes. In this video, we’ll look at a diagram to visualize this misallocation of resources. Microeconomics Course: http://bit.ly/20VablY Ask a question about the video: http://bit.ly/1QyCqBp Next video: http://bit.ly/1LGjhMB Help us caption & translate this video! http://amara.org/v/GLJ5/
Economic Indicators: Price Mechanism
WordPress: https://thescotandscotland.wordpress.com/2015/06/21/prices-pricing-and-the-market/ When it comes to prices people confuse prices as a barrier for people getting what they want, rather what prices are, are economic indicators, they give signals to the market so that we are able to allocate scarce resources to the market with economic efficiency. The price mechanism is the single most important driver behind the economy, it is what enables us to trade in the global economy and are able to translate the scarce resources into commodity prices for the market. This is all driven by what we call supply and demand. This is what the market price definition is, prices set by consumers demand, what people are willing to pay for commodities. What we must understand about the price system when speaking about economic calculation, we must understand the importance of profit & loss, so what is profit and loss, why is this important? In this video I set out to explain the valuable information profit & loss gives us to be able to allocate scarce resources efficiently, which also gives the market the information for market pricing; what consumers want and what they don't want; what investors should invest more in and what not to invest in; as well as where to place scarce resources and where not to. Without the price mechanism (price system) there is no economic efficiency for prices thus the inefficiency of Socialism when faced with the economic calculation problem. In order to promote economic growth with economic development we need prices to better improve our living standards through increased productivity and only prices can allow us to achieve that whilst using the fewest scarce resources as possible. Poor economic policy through price fixing via governmental control and ownership is what causes problems.
What Is Meant By The Term Market Failure?
What is satisfactory nearly always involves a market failure situation where free markets fail to allocate resources efficiently. Market failure can occur due to a variety of reasons, definition market situation where resources cannot be efficiently allocated the breakdown price mechanism caused by factors such as exists when competitive outcome markets is not satisfactory from point view society. Market failures, public goods, and externalities, college what is a market failure? Definition meant by Uk essays. Sep 20, 2016 market failures are numerous in the resource and environmental sector of to define externalities i first need external effects feb 24, 2015 existence failure is often taken as an excuse for government am going sphere activity where. This can be the result of several reasons, including a monopolistic may 10, 2017 in first part essay we define market failure and look at model perfect market, then compare this with health care when for given good or service fails to efficiently allocate resources utility that it is called lesson, will examine term. That is, there exists another conceivable outcome where an individual may be made better off without making someone else worse definition of market failure this occurs when is inefficient allocation resources in a free. Market failure wikipedia. What is market failure? does failure mean types of failures university colorado boulder. Market failure wikipediamarket wikipediawhat is market failure? Definition and meaning businessdictionary introduction to types of economics onlinequizlet. Commonly cited market failures include externalities, monopoly privileges, information asymmetries and factor immobility. Asp url? Q webcache. Googleusercontent search. Economists identify the following specific cases of market failure start studying microeconomics. Public goods are or services which, if produced, the producer cannot limit its consumption to paying customers in economics, market failure is a situation which allocation of and not efficient. Learn vocabulary, terms, and more with flashcards, games, other study tools definition market failure, from answers. Market failure occurs due to inefficiency in the allocation of goods and services a url? Q youtube watchaug 10, 2016. Answer to krugman on market failure government is worse. We'll look at the types and causes of market failure then test your new knowledge with in certain circumstances, functioning may be imperfect, for example, if production factors are not used to achieve greatest success learn more about boundless open textbook. One easy to illustrate market failure is the public good problem. An economic term that encompasses a situation where, in any given market, definition market failure indicates inefficient allocation of goods and services an economy. Market failure definition & causes market definition, types, examples video what is meant by the term failure? Causes of boundlessmarket in economics defined youtube. Market failure investopedia terms m marketfailure.
Views: 42 Wen Wen
What is ALLOCATIVE EFFICIENCY? What does ALLOCATIVE EFFICIENCY mean? ALLOCATIVE EFFICIENCY meaning - ALLOCATIVE EFFICIENCY definition - ALLOCATIVE EFFICIENCY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Allocative efficiency is a state of the economy in which production represents consumer preferences; in particular, every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing. In the single-price model, at the point of allocative efficiency, price is equal to marginal cost. At this point the social surplus is maximized with no deadweight loss, or the value society puts on that level of output produced minus the value of resources used to achieve that level, yet can be applied to other things such as level of pollution. Allocative efficiency is the main tool of welfare analysis to measure the impact of markets and public policy upon society and subgroups being made better or worse off. Although there are different standards of evaluation for the concept of allocative efficiency, the basic principle asserts that in any economic system, choices in resource allocation produce both "winners" and "losers" relative to the choice being evaluated. The principles of rational choice, individual maximization, utilitarianism and market theory further suppose that the outcomes for winners and losers can be identified, compared and measured. Under these basic premises, the goal of maximizing allocative efficiency can be defined according to some neutral principle where some allocations are objectively better than others. For example, an economist might say that a change in policy increases allocative efficiency as long as those who benefit from the change (winners) gain more than the losers lose. It is possible to have Pareto efficiency without allocative efficiency. By shifting resources in the economy, a gain in benefit to one individual could be greater than the loss in benefit to another individual (see Kaldor-Hicks efficiency). Therefore, before such a shift, the market is not allocatively efficient, but might be Pareto efficient. When a market fails to allocate resources efficiently, there is said to be market failure. Market failure may occur because of imperfect knowledge, differentiated goods, concentrated market power (e.g., monopoly or oligopoly), or externalities.
Views: 1365 The Audiopedia
Revolutionary Leadership, featuring Gary Hamel
In this provocative talk, Professor Hamel suggests companies follow the lead of the social web and crowdsource employees. Ask them: “What do you see in the way you’re measured and compensated, in the way we allocate resources and set priorities that work against your capacity to be more innovative, engaged, and work more efficiently?” Open and transparent organizations where hierarchies of meritocracy have more influence than top-down power allocation will develop enduring, long-term advantage.
The 10 Principles of Economics - Mankiw
Although the study of economics has many facets, the field is unified by several central ideas. The Ten Principles of Economics offer an overview of what economics is all about. - How People Make Decisions 1. People Face Tradeoffs. To get one thing, you have to give up something else. Making decisions requires trading off one goal against another. 2. The Cost of Something is What You Give Up to Get It. Decision-makers have to consider both the obvious and implicit costs of their actions. 3. Rational People Think at the Margin. A rational decision-maker takes action if and only if the marginal benefit of the action exceeds the marginal cost. 4. People Respond to Incentives. Behavior changes when costs or benefits change. - How the Economy Works as a Whole 5. Trade Can Make Everyone Better Off. Trade allows each person to specialize in the activities he or she does best. By trading with others, people can buy a greater variety of goods or services. 6. Markets Are Usually a Good Way to Organize Economic Activity. Households and firms that interact in market economies act as if they are guided by an "invisible hand" that leads the market to allocate resources efficiently. The opposite of this is economic activity that is organized by a central planner within the government. 7. Governments Can Sometimes Improve Market Outcomes. When a market fails to allocate resources efficiently, the government can change the outcome through public policy. Examples are regulations against monopolies and pollution. - How People Interact 8. A Country's Standard of Living Depends on Its Ability to Produce Goods and Services. Countries whose workers produce a large quantity of goods and services per unit of time enjoy a high standard of living. Similarly, as a nation's productivity grows, so does its average income. 9. Prices Rise When the Government Prints Too Much Money. When a government creates large quantities of the nation's money, the value of the money falls. As a result, prices increase, requiring more of the same money to buy goods and services. 10. Society Faces a Short-Run Tradeoff Between Inflation and Unemployment. Reducing inflation often causes a temporary rise in unemployment. This tradeoff is crucial for understanding the short-run effects of changes in taxes,government spending and monetary policy.
Views: 794 Economics Way
Business Schema Training
As business owners, it’s important we remind ourselves that business is the mechanism used to deliver or offer our value and how we get compensated for it. Your business is a living organism that requires a structure to develop and grow, as well as an environment to thrive. Besides your gifts and talents, this organism or mechanism requires other moving parts to function at its best. During your upcoming training, you will engage with your organizational structure regardless of the size or stage of your business. You will create an organizational chart that includes the primary business functions any company must have to maximize its success, while integrating your business model. The name given within The Booming Model™ of this integrated approach to organizational structure is Business Schema. The work of the Business Schema enables you to make decisions and properly staff the business according to what it really takes to build what you want. The Business Schema is divided in 4 quadrants (departments), each department represents one function of the business. You can call these departments by different names and combine them based on how you think your business will operate efficiently. In fact, small businesses can combine primary business functions for streamlined operations; however, here are the ones that have worked for the entrepreneurs who have gone through The Booming Model: -Operations and Finances -Business Development -Marketing and Creativity -Technology and Innovations Having these quadrants or departments organized by the business function, supports you (or the person running the business) to: -Understand and have a complete overview of what is happening in every single area of the business -Identify what’s going well, what needs to be improved -Know when additional support or resources are needed to have healthy functioning -Efficiently and productively allocate resources -Make decisions and properly staff the business according to what it really takes to build what you want -Increase efficiency and enhance customer relationships -Improve your relationship with your business
Views: 20 BoominGroup
Managing Lifecycle of Microservices at Scale [I] - Micheal Benedict, Pinterest
Managing Lifecycle of Microservices at Scale [I] - Micheal Benedict, Pinterest (This is an extended presentation of my lightning talk on "Managing micro-services at scale" from KubeCon/CloudNativeCon 2016 - https://youtu.be/Q1CEgPw7CG8) As more organizations transition from a monolith to a more micro-services architecture, organizations are finding significant challenges around governance and lifecycle management of micro-services. For example, how often have you (developer, ops, leadership) have asked one or more of the following questions? 1. What does it take to create and manage a new micro service? (Metadata Management, governance) 2. How do we identify a micro services canonically across infrastructure/platform services? (Identity) 3. How do we allocate resources for a micro service? (Resource provisioning) 4. What does it take to operate a micro service? (Deploy pipelines, orchestration, monitoring) 5. How do we measure resource utilization and cost of operating a micro service? (Metering and Chargeback) These questions persist independent of an organization's container strategy or public/private cloud strategy. Through this talk, I will deep dive further into the above challenges, the impact and share details on the need for a governance system that manages the lifecycle of micro-services. The talk will focus on the following areas: 1.Metadata Management (project info, team ownership info, operational info such as dashboards, alerts) 2. Identity Management (canonical service identifiers, secrets provisioning, distribution and management) 3. Resource Management (provisioning of primitive resources such as CPU, MEM or abstract resources such as RPS) 4. Metering and Chargeback At the end of the talk, I'll share case studies from Twitter and Pinterest on how they implemented portions of these systems and its impact. About Micheal Benedict Micheal Benedict leads Product Management for Pinterest's Infrastructure Platform Teams. Previously he lead products for Twitter Cloud Platform building the next generation compute infrastructure that spans internal and the public cloud. He and his team built Kite - Service lifecycle manager and Infrastructure Metering & Chargeback system. Prior to that he was an engineer building systems that power Twitter's Observability and Monitoring stack. Micheal has a Masters degree in Computer Science from SUNY at Buffalo.
Y2 G 29 HS   Economics Foundation
We discussed the principles of economic scarcity, wants, needs, price, cost, how planned economies allocate resources less efficiently than free market economies. We watches Milton Friedman explaining how pencils are made so efficiently in a free economy. We compared these two with the economic principles of Zion. Finally we looked at economic activities of Europe.
What Is Meant By The Term Market Failure?
Googleusercontent search. This can be the result of several reasons, including a monopolistic 2 jul 201710 aug 2016. This results in an inefficient distribution of resources among market a failure is situation where free markets fail to allocate efficiently. Major causes of market failure (explained with diagram). Market failure occurs when the condition for market is allocatively start studying microeconomics. See also market inefficiency when the for a given good or service fails to efficiently allocate resources and utility of that market, it is called failure occurs supply insufficient meet demand. Market failure can occur due to a variety of reasons, market exists when the competitive outcome markets is not satisfactory from point view society. That is, there exists another conceivable outcome where an individual may be made better off without making someone else worse definition of market failure this occurs when is inefficient allocation resources in a free. Market failure as a to allocate resources efficiently. Asp url? Q webcache. Economists identify the following specific cases of market failure learn more about causes in boundless open textbook. Market failure wikipedia market investopedia terms m marketfailure. Causes of market failure boundlessexample. Oecd glossary of statistical terms market failure definition. What is satisfactory nearly always involves situation where resources cannot be efficiently allocated due to the breakdown of price mechanism caused by factors such as establishment monopolies. Market failure occurs due to inefficiency in the allocation of goods and services definition market indicates inefficient an economy. What is meant by the term market failure? Youtube. We discuss below how external economies and diseconomies of consumption 3 jan 2002 market failure is a general term describing situations in which outcomes are not pareto efficient 20 sep 2016 failures numerous the resource environmental sector to define externalities i first need effects meaning. Types of market failures university colorado boulder. Market failure in economics defined youtube. What is market failure? does failure mean what meant by Uk essays. The meaning of market failure ib guidesquizlet. An economic term that encompasses a situation where, in any given market, the quantity of product demanded by consumers does not equate to economics, market failure is which allocation goods and services efficient. 10 may 2017 in the first part of the essay we define market failure and look at the model of perfect market, we then compare this with health care market and meaning in the real world, there is non attainment of pareto optimality due to a number of an important cause of environmental degradation is market failure. Market failure wikipediamarket wikipediaintroduction to market what is failure? Definition and meaning businessdictionary definition & causes example types of economics online. Learn vocabulary, terms, and more with flashcards, games, other study tools.
Views: 15 new sparky
Relative Prices and Price Signals
See more videos at: http://talkboard.com.au/ In this video, we look at how relative prices send price signals to producers to help them allocate resources efficiently.
Views: 947 talkboard.com.au
R. Kuttner: How the US Went Bankrupt
"Sixty, seventy percent of the economy works perfectly well as a market, but if you look at education and health and research and development, public infrastructure, financial markets themselves, you can't trust markets to allocate resources efficiently; you can't trust markets to regulate themselves." This Carnegie Council event took place on November 12, 2007. For the complete video, audio, and transcript, go to http://www.cceia.org
Supply and Demand: Why Keynesianism Doesn't Work—Debunking PoliDice
Supply and demand is something vitally important to the operation of any economy, in this video I tackle debunking PoliDice on his ludicrous claims on Austrian economic theory explaining why Keynesianism doesn't work, relative to why supply-side economics is irrational. Whilst supply-side economics may sound reasonable, much like Keynesian economics, it rejects the market being freely driven by consumer demand. As I have explained, without the demand side of economics from consumers, you have no way of knowing prices, therefore, no way of knowing; • what to produce more of and what to stop producing. • where to allocate scarce resources and where not to. • what to invest more in and what not to. • and even how much to produce. It is not as simple as just increasing aggregate supply, you require the information of prices to rationally calculate what it is you need to produce more of, what resources to use and where to allocate those scarce natural resources, without that information given to the market by consumer demand, you have no way of knowing this. This is why Keynesianism doesn't work, it leads to surplus waste problems and the misallocation of valuable scarce resources, therefore, the economic calculation problem doesn't just apply to Marxism, it applies to all mixed economies. Demand is something Keynesian economics defies, Keynesian's don't understand that demand is not something YOU create by producing anything, demand is natural and constant and in order to meet demand, you need to know the needs and wants of the people, if you don't understand this, you cannot possibly operate an economy efficiently. This is why Keynesianism doesn't work, likewise, for why supply-side economics is irrational. I guess the only thing I could agree upon with the supply-side is deregulation and lowering tax rates does benefit the economy, but again, if you do not determine prices through consumer demand, simply producing for the sake of it produces waste if you don't understand consumers demand. Keynesian's, for this reason, are much like Marxists, they believe in playing God with the economy. Even with supply-siders, even if having the good intentions, much like Keynesian's, to increase aggregate supply, you cannot afford to waste scarce natural resources as there is not enough to go around everyone. Value is what consumers demand for, not producing anything and throwing it out there in the market to raise GDP and for all the resources you waste in one area of the economy, those resources could have been used to better use to better improve the material standards of living of people in other areas of the economy. Again, thinking that the government somehow knows better for people's needs and wants over there of the market itself is completely wholly irrational and anyone who believes this does not understand fundamental basic economics, which is why, anyone who disses Austrian theory in favour of Keynesianism saying that just because Keynesian economic theory is mainstream this somehow makes it right, this is what I call 'Lemming Syndrome,' which is to say there is a clear inability to think for oneself. Source I Responded to: https://www.youtube.com/watch?v=xththyVV2Fo&t=47s
Say “Yello” to Talent
Technological innovations not only enable Norfolk Southern trains to run more safely and efficiently – they also help us recruit the best and brightest employees. One of these technologies is a talent-acquisition platform called Yello. By partnering with Yello, NS has modernized and strengthened the employee recruiting process, ensuring that we attract the tech-savvy talent we need to reimagine our railroad of the future. A primary benefit of Yello is the ability to remotely conduct prerecorded and live video interviews, alleviating scheduling conflicts, delays, and costs associated with travel. For the initial interview, candidates can sit in the comfort of their own home and answer prerecorded questions posed by a recruiter. Or a recruiter can conduct a live interview through Yello’s video-conferencing function. With these capabilities, NS can give applicants a personalized experience while also expediting the hiring process. What used to take several months now can be accomplished in only a few weeks or days. In addition, NS recruiters can use Yello to market events, electronically capture résumés, access real-time candidate-status information, process referrals from current employees, schedule interviews, and keep in touch with candidates throughout the application and interview process. The software also empowers NS to more strategically allocate its resources, allowing recruiters to track the costs and benefits of attending job fairs and industry conventions and make smarter business decisions about where and how to recruit. Through its collaboration with Yello, NS is more effectively connecting with top-notch recruits, building an innovative workforce to solve tomorrow’s problems, today. To learn more about Yello and other transformative new tech, check out the NS technology page now: https://www.nsrailtech.com/
Philosophy Tube Debunked—Neoliberalism Explained
Philosophy Tube like many others in Great Britain wrongly conflate what we have been living under since the 1980s as being capitalism, he wrongly conflates capitalism with corporatism, most importantly, however, his argument on Neoliberalism is filled with many erroneous claims that I debunked. Philosophy Tube much like knowledge hub makes erroneous claims about the wealth gap, this argument I have provided numerous times before, you can find two videos I have tackled on this argument: • https://www.youtube.com/watch?v=e_Izbn5j_9Q • https://www.youtube.com/watch?v=HC9KNt8-T4g Much like others I have done video responses on, he doesn't understand the role of prices and the importance of consumer demand, he seems oblivious to why liberalism is important for consumers to choose and fails to comprehend why the government cannot allocate scarce natural resources efficiently. Also, as he states providing for everyone's needs, it's a misunderstanding of the study of economics. Neoliberalism was a made up term by the opposition to capitalism and as I've pointed out many times before in the past, the most successful economies are those strongly free from government intervention.
The Caltech Effect: How Economics Can Help Children
The editorial team at The Caltech Effect gave five Caltech postdoctoral scholars and graduate students a challenge: “Using the simplest terms possible, tell us about a concept related to your research.” Caltech graduate economics student Alejandro Robinson Cortes discusses his research about the economics of matching in foster care. Under the mentorship of Matthew Shum, Caltech’s J. Stanley Johnson Professor of Economics and Federico Echenique, Caltech’s Allen and Lenabelle Davis Professor of Economics, Robinson Cortes applies matching theory—an economic tool used to efficiently allocate resources—to help create successful pairings between foster children and foster families. Says Robinson Cortes: “We’ve learned that economic tools can help us to understand a really wide range of phenomena—something that was not known 50 or 70 years ago.” See more stories behind Break Through: The Caltech Campaign at https://breakthrough.caltech.edu/magazine/2018-apr/ Produced in association with Caltech Academic Media Technologies. ©2018 California Institute of Technology
Views: 493 caltech
Information Poverty - UNICEF Office of Innovation
We have been inspired by the work being done in nutrition, establishing certain data points like the number of calories a child needs per day, the type of calories that are important, and also standard ways to measure them. These data points help inform governments, policy makers and those in the developmental space to make informed decisions and allocate resources efficiently. What if we could determine the minimum amount and type of Kilobytes a day a child should consume to be ‘information healthy’? We believe that if we can focus our efforts to establish some minimum standards around information quality and quantity that children need to consume (Kilobytes/day), we can build sustainable infrastructures and programmes, and make informed decisions for children to have equal access to relevant information, opportunities, and choices. UNICEF is working on a solution – building a tool to measure a child’s access to information and help us identify information poverty globally. Read more about this project here: http://bit.ly/InfoPoverty For more info visit www.unicefstories.org
Views: 702 UNICEF Innovation
Roman Trötschel - Introduction to Allocating Resources - Leuphana Digital School
http://digital.leuphana.com Leuphana Digital School´s MOOC ""Psychology of Negotiations"" is taught by Prof. Dr. Roman Trötschel and leading experts from the field of Commons. Get social: https://www.facebook.com/LeuphanaDigitalSchool https://twitter.com/LeuphanaDigital
What is ITIL?
We'll provide you an overview of ITIL and show it can help your service desk or help desk be more efficient. http://www.helpdesksoftware.biz What is ITIL? ITIL stands for the Information Technology Infrastructure Library. Staff in IT departments use ITIL to better serve their customers and users. But what is ITIL? By using the guidelines set out in the ITIL framework, IT departments can develop best practices and improve the way different teams interact and manage the IT infrastructure within their business. In doing so, end users get a better level of service and the business saves money. Teams are also able to allocate resources more intelligently and efficiently by using ITIL. ITIL isn't just about the IT service desk or help desk: it encompasses all kinds of different areas, from designing the infrastructure of an IT department, right through to dealing with problems and improving the service. In real terms: what is ITIL in practice? Let's take a very basic look at what ITIL covers by breaking it down. What is an ITIL Process? A Process is essentially a type of work that's typically carried out by an IT department. In ITIL v3 (released in 2011), there are five different Processes: • Service Strategy -- Assessing the current situation, and the customer needs, and forming a strategy to align the IT department with the core business. • Service Design -- Planning and designing the services provided by IT that support the business. • Service Transition -- Assuring the smooth transition of new and revised services from a development phase into an operational phase. This includes, among other elements, Change Management. • Service Operation -- Managing operations to ensure that services are delivered within the agreed service levels. This includes, among other elements, Problem Management, Incident Management, and Access Management. • Continual Service Improvement -- The process identifying opportunities to continually improve services, and implementing those improvements with the goal of constantly providing better service to the business and customers. These five Processes represent different parts of the IT department. For example, Service Design would cover improvements to existing IT services or the implementation of new services. Service Operation covers the day-to-day management of the IT department - typically, this is the job of the service desk or help desk. ITIL produces an ITIL Process Map that describes how different Processes fit together. The person in charge of a Process is called a Process Owner. What is an ITIL Function? Typically, an ITIL Function is a group of people. It could be a team, a sub-team or a department. The Function is responsible for carrying out the work described in the ITIL process. Examples of Functions in ITIL include software testers and programmers. However, in the overall ITIL process, many other teams can be included: for example, facilities management teams are Functions too. Within Functions, staff are assigned specific Roles; within Service Operation, for example, you'll find roles such as 1st Level Support, Facilities Manager and IT Operations Manager. These are all people you'd expect to find working on, or alongside, a help desk or service desk team. What is a KPI? ITIL uses KPIs (key performance indicators) to measure the IT department's performance. KPIs are generally used to monitor progress, flag up bottlenecks and problems in the IT department, and continually improve service. KPIs can be considered an input and an output. KPIs are measured, evaluated and used in Continual Service Improvement. KPIs are also helpful within a help desk in order to track response times, ticket resolution rates and other important statistics. Summing up It's impossible to cover ITIL in a short blog post, but if you want to learn more, remember that ITIL is a framework. It isn't a fixed rule book. The idea of ITIL is that it's a structure different organizations can apply to their own individual circumstances. That makes ITIL very flexible, scalable and versatile, since almost any IT department can implement its principles.
Views: 284857 Help Desk Premier
The Young Economists- Supply & Demand
Instrumental: Still Dre (https://www.youtube.com/watch?v=zYxqZDt1on8) AP Economics Video Review Project: Basic Economic Concepts, Market Economy, and Supply & Demand. Lyrics: [Greg]: Yo kids, welcome to AP Econ 1 Year of listening to Jeffrey Ryan If you say you understand, then you straight lyin One question: Is you even TRYIN? The first thing we look at is marginal analysis Decide on the benefits and cost, bliss Limited resources, unlimited wants Makes every decision have an opportunity cost Now put your phones down, and listen carefully Economics is how people deal with scarcity Economic resources, there’s only four Land, capital, entrepreneurship, and labor Now all the ladies/you can call me a G I bring the satisfaction, call me utility Everything’s made through supply and demand Guided by self-interest, the Invisible Hand Whether you’re in Aurora or Spring Break vacation You all about your utility maximization So when you see me on the block No I ain’t sellin no rock Me and Mr. Darp trying to teach the youth Blue Flynn economics, you can call me the truth [Chorus]: Agree to disagree, it's bout the S and the D Supply Demand, Supply Demand, Supply Demand [Gabe]: Alright Straight from the comics, Here is the definition of economics. Economics isn’t just money, We bringing in things like the selling of honey. Economics the study of how to allocate scarce resources Let us give you all some of the key resources. Economics can apply to everything, Hell yes even the lion king Alright let’s hit the production possibilities curve Watch out we about to strike a nerve. Let’s get into this frontier Since we beginning to near, the end of this AP Year. It represents the combo of 2 goods Let’s get it coming out of the woods like t- swizzle faschizzle my wizzle Every point on the curve is our economy acting efficiently That means we are using our resources sufficiently Our resources are being productive, And our economy is constructive. When operating along the curve You should observe The opportunity cost we flowin on this beat like robert frost, Talkin bout opportunity cost. AKA the value of the best alternative sacrificed in the decision Cause that’s what it takes to have precision. This is my division And we dividing up this project like resource allocation Just like the ppc curve between 2 nations. [Chorus]: [Chris]: C’mon Mr. Ryan lets do some economics real quick, comparative advantage to Surplus real swift. What do you call it when country A makes Product 1 better than country B? That’s comparative advantage, it’s the key But turn to Spain, their Olives ain’t lame, say my name say my name, I’m on top of my game. Moreover Spanish Olives only from one nation? That’s specialization. Now, don’t be afraid to Trade, go ahead, get paid for things that have been made! Organize your resources, those are market forces. Optimize supply and demand, it’s where the two curves meet, makes the market complete. Simply put, market equilibrium, not pandemonium. Determinants? My man, look at demand, look at consumer tastes, don’t let it go to waste, number of buyers, don’t letem be liars, income, prices of substitutes, compare their attributes, prices of complements, and their competence, consumer expectations which differs nation to nation, from Haitians to Croatians. Elasticity isn’t about publicity, just maintain logic and simplicity. Price of Product and profit are inversely proportional. So what about Inelasticity, breh, remember simplicity, there’s no toxicity, the relationship is proportional, higher product prices means more profit, I’m not a prophet, being prudent, I’m an econ student Explaining deadweight loss like a boss. It’s tough when I don’t have enough, no I don’t bluff, but give me more stuff. No I don’t speak Dutch, but if the market got too much, that’s surplus! [Chorus]:
Views: 193 Masha DA KAT
The Return of Super Energy Conserver by Jesse Granger
The adventures of Super Energy Conserver continue! In this episode our hero encounters his fiercest enemy yet! Luckily he's got help from an unlikely but familiar friend. U.S. Army Europe and Installation Management Command Europe are looking for ways to allocate resources more efficiently but they can't do it alone! It's up to every one to be cost conscious and help be better stewards of tax payer's money. There are many ways you can help. Just check out the Cost Saving video playist on the U.S. Army Europe Youtube channel (http://www.youtube.com/user/USArmyEurope?feature=mhum#p/c/ACB26019D3BB598A). It's got loads of funny and informative spots. Video by Jesse Granger, U.S. Army Europe.
Views: 640 US Army Europe
QBoost - What is that Robot that just appeared on my QNAP
Optimize QTS Performance with Qboost https://www.span.com/search/QBOOST/10-Qnap Ensuring the QTS runs at its best at all times Qboost is an agile NAS optimization tool that helps accelerate applications, free up system resources, and schedule applications. Qboost enhances your NAS performance. With just a click of a button, you can release cache and swap memory through its Optimize function, or clean up junk files and recycle storage space using the Clear function. Through Application Scheduling, Qboost also lets you automatically enable and disable apps on a schedule so you can allocate system resources more efficiently. If your NAS is running low on memory, Qboost can perform one-click optimization to free memory resources to increase operating efficiency. Temporary and junk files use up your system resources. Qboost can clear unnecessary files to release more storage space. Qboost supports allocation management to avoid too many simultaneous applications from causing system lag. Did you enjoy the video? Find it helpful? Want to hear more? Of course you want to...you're only human! Why not subscribe to save you searching next time https://www.youtube.com/user/SPANdotCOM Are you interested in all things data storage. Perhaps you are a Mac users and want to know if this NAS, DAS, Cable or Drive will work for you? That is where SPAN and Robbie can help. For over 20 years SPAN has been helping companies and individuals worldwide with their digital archive and storage needs. Alongside that Robbie (Robert Andrews if you want to be delightfully formal) has been spending the last few years keeping you up to date on all things data and won't shut up about it! If you are as interested in data as we are, then you can find us in a number of ways. SPAN can be reached here SPAN - http://www.span.com. However if you want to be kept up to date with new releases, news and keep your finger on the pulse of data storage, follow us below. Find us on https://www.facebook.com/SPANdotCOM/ Follow us on our SPAN Twitter - https://twitter.com/SPANdotCOM Or follow and speak with Robbie directly on his Twitter - https://twitter.com/RobbieOnTheTube Still not enough? Then why not visit and subscribe to our blog. Upddated regularly it gives you an far wordier version than SPANTV as well as provide you with hints and tips on how to make the most of your hardware here http://www.NASCompares.com Don't forget to visit them on Facebook to entry prize draws, giveaways and competitions, as well as hear about the latest news, NAS releases & offers - https://www.facebook.com/nascompares/
Views: 988 SPANdotCOM
Is Price Gouging Immoral? Should It Be Illegal?
Find LearnLiberty on Facebook: http://on.fb.me/X9qijG Check out Matt Zwolinski's blog: http://bleedingheartlibertarians.com/ Follow him on Twitter! http://bit.ly/VHMUtJ If the power goes out during a hurricane, who should be able to get an emergency generator? If sellers knew the motives of each buyer, they could sell a generator to the customer who needs it to keep life-saving medication from spoiling instead of the customer who wants to watch TV. But sellers aren't mind readers. One way generators can be allocated efficiently is by allowing the sellers to increase prices in an emergency situation. If the generators that are available cost more than they normally would, the people who would be willing to pay a premium to get one may do so because their need is greater. Many people would say increasing prices on certain goods during such an emergency is "price gouging." Philosophy professor Matt Zwolinski argues that far from being immoral, price gouging may be the best way to allocate scarce resources in an emergency. Find LearnLiberty on... Twitter: http://bit.ly/RBl3Wv Facebook: http://on.fb.me/X9qijG Our Website: http://bit.ly/RBl3FH
Views: 123824 Learn Liberty
Measurement of the dynamic elasticity of resource allocation in cloud computing continues to be a relevant problem in the related literature. Yet, there is scant evidence on determining the dynamic scaling quotient in such operations. Elasticity is defined as the ability to adapt to the changing workloads by provisioning and de-provisioning of Cloud resources and scaling is essential for maintaining elasticity in resource allocation. We propose ALVEC, as a model of resource allocation in Cloud data centers (Sarkar et al. , 2016) [7], to address dynamic allocation by auto-tuning the model parameters. The proposed model, governed by a coupled differential equation known as Lotka Volterra (LV), fares better for management of Service Level Agreement (SLA) and Quality of Services (QoS). We show evidence of true elasticity both in theoretical and numerical applications. Additionally, we show that ALVEC as an example of unsupervised resource allocation, is able to predict the future load and allocate virtual machines efficiently. *************************************************************** ALVEC: Auto-scaling by Lotka Volterra elastic cloud: A QoS aware non linear dynamical allocation model by Bidisha Goswami(Mukherjee)⁠, Jyotirmoy Sarkar⁠, Snehanshu Saha⁠, Saibal Kar⁠d⁠, Poulami Sarkar⁠
Views: 25 Snehanshu S
Mobile Device Management
Meet Mobil-X™ Suite, a comprehensive set of mobile management solutions designed to reduce costs and efficiently allocate resources across your entire mobile workforce. From basic expense management to full life-cycle managed services, we have a solution to meet your needs and your budget.
Views: 23 Exceed Group
Cadre Allocation Policy (कैडर आवंटन की नई नीति) for IAS/IPS/IFS by Roman Saini
You can find the entire course here: https://goo.gl/m79N9N Cadre Allocation Policy for Civil Servants- IAS/IPS/IFS (कैडर आवंटन की नई नीति) by Roman Saini: In this session, Roman Saini shares details of procedure followed in the allotment of cadre to the officers of the Indian Civil Service. Roman discusses how the States/Joint Cadres shall be divided into five Zones for the allocation of IAS, IPS and IFoS. He also talks about how to fill in your order of preference and things to keep in mind while filling in your preferences. Find important information on the new cadre policy finalised by Government for IAS, IPS and IFoS. Must watch for all UPSC 2018 aspirants. IAS, IPS and IFoS अधिकारियों के लिए मोदी सरकार ला रही नई कैडर पॉलिसी, जानिए क्‍या. Download the Unacademy Learning App from the Google Play Store here:- https://goo.gl/02OhYI Download the Unacademy Educator app from the Google Play Store here: https://goo.gl/H4LGHE Do Subscribe and be a part of the community for more such lessons here: https://goo.gl/gycFVs
Views: 184456 Unacademy
AVI Insight: Now, you control ... everything.
AVI Insight is your all-powerful communication technology management tool – the industry’s first multi-platform, multi-vendor, real-time monitoring and reporting system. Learn more about AVI Insight here: https://hubs.ly/H09bDVF0 By integrating monitoring, analytics and support into a single cloud services offering, AVI Insight gives you the actionable knowledge you need to sustain peak performance of your AV, UC and digital media infrastructure. Interested in showing this information to your IT manager? MONITOR AVI Insight collects performance and utilization data from the technology installed at a client’s site. This information enables AVI to identify issues before they become problems, and to expedite resolution when problems do occur. It also gives clients insight into how their technology is being used, and can help them allocate resources more efficiently. RESPOND Real-time monitoring enables AVI to respond proactively when issues occur – often before a client even realizes there is a problem. AVI Insight integrates with AVI PRO Support to enable timely diagnostics, the speedy repair/replacement of failed components, and the deployment of field service personnel as needed. REPORT AVI Insight transforms data into focused knowledge through built-in report generation for each technology practice monitored, including AV, video & unified communications and digital signage. Executive reports reveal how broadly and often services are being used and how well technical support is responding to problems. Technical reports reveal specific performance trends for components or systems. ANALYZE Analytics, along with executive and technical reports, enable clients to benchmark equipment performance, improve workforce productivity, and establish the ROI of deployed components. By enabling executives to determine the value that specific technologies bring to their businesses, these analytics become powerful tools to guide or justify investments in products or services. Learn more here: https://hubs.ly/H09bDVF0 ____ We cover the latest tech trends, shifts and more. Subscribe to AVI News: https://www.avisystems.com/blog/ And, follow us on social media: Twitter: https://twitter.com/avisystems Facebook: https://www.facebook.com/avisystems/ LinkedIn: https://www.linkedin.com/company/avi-systems Google+: https://plus.google.com/+AVISystems-Communication-Liberation Thanks for watching!
Views: 452 AVI Systems
Why Informed K12?
School districts are drowning in paperwork. And school business officials are on the front lines of this problem... According to ASBO International, “From transportation to technology to facilities management, school business officials are involved in every aspect of education administration. They are responsible for helping to ensure that students have a way to get to school, feel safe in their classrooms, and have the supplies they need to learn and grow.” The problem? All of this information is trapped on paper. As a result, data is fragmented and hard to track. It’s difficult to make the right decisions with the data they do have. Expertise is siloed, and collaboration is difficult. And there are no standardized processes or best practices. But what if school business managers had greater insight into where their resources were being spent, and how to allocate resources equitably across the district? Introducing Informed K12. We enable school and district administrators to operate more efficiently and gain insight into their most critical school business processes.
Views: 170 Informed K12
A Decentralized Cloud Firewall Framework with Resources Provisioning Cost Optimization(Java)
Its a student level project developed in JAVA, the core concept of this project is Cloud computing is becoming popular as the next infrastructure of computing platform. Despite the promising model and hype surrounding, security has become the major concern that people hesitate to transfer their applications to clouds. Concretely, cloud platform is under numerous attacks. As a result, it is definitely expected to establish a firewall to protect cloud from these attacks. However, setting up a centralized firewall for a whole cloud data center is infeasible from both performance and financial aspects. In this paper, we propose a decentralized cloud firewall framework for individual cloud customers. We investigate how to dynamically allocate resources to optimize resources provisioning cost, while satisfying QoS requirement specified by individual customers simultaneously. Moreover, we establish novel queuing theory based model M/Geo/1 and M/Geo/m for quantitative system analysis, where the service times follow a geometric distribution. By employing Z-transform and embedded Markov chain techniques, we obtain a closed-form expression of mean packet response time. Through extensive simulations and experiments, we conclude that an M/Geo/1 model reflects the cloud firewall real system much better than a traditional M/M/1 model. Our numerical results also indicate that we are able to set up cloud firewall with affordable cost to cloud customers.
Set Goals or Fail in Your Fight Against Sex Addiction and Porn Addiction
How important is goal setting in your quest to eliminate compulsive sexual behaviors? I'm Craig Perra, the Founder of the Mindful Habit to End Sex and Porn addiction. In this video, I'm going to tell you why goals are mission critical and get you started to creating the life you want Goals are beyond important - they are mission critical - you must at the start of any project to define your target - your project to change your life is no different. You need to know exactly what you want to accomplish. This helps you know exactly what success looks like. Setting goals is a fundamental component to success. Period. Think about it, you can't get where you are trying to go until you clearly define where that is. Research studies show a direct link between goals and enhanced performance in individuals and also in business. Goals help you focus and allocate your time and resources efficiently, and they can keep you motivated when you feel like giving up. It's important. You need to take action to create change and setting goals is a MUST. You must be able to create a vision for what you want and set goals that can help you get there.This means you must take action. You must focus on creating the life you want, not obsessively focusing on the life you are running away from. You have the power inside you right now to make profound change in your life. I'm just here to show you a path. Here's what I want you to do - Set one goal - not about not doing something - we already know what you don't want to do - watch porn - tackle this problem from another perspective - pick one attainable goal that you can accomplish over the course of the next 7 days.
Let's Fly Together! from Walkr - Galaxy Adventure in Your Pocket
Download iOS: http://apple.co/1GglaPe Download Android: http://bit.ly/walkrgp New Official Website: http://walkrgame.com/ *** Strength in Solidarity! *** Walking & running, you are able to power your ship to the far reaches of the galaxy, unlocking its mysteries along the way. But the universe is too vast to uncover all on your own. Now you can gather your fellow explorers to collaborate & venture into unknown territory together! *** A Brand New Galaxy *** When it comes to exploring the world, a solo adventurer can only go so far, but with a whole fleet of adventurers, the possibilities are endless. Countless obstacles await your Legendary Fleet, with each checkpoint full of mysteries and epic tales. *** Experience the Legend *** After 329 days of wandering alone through the universe, Collins & Doggii receive an alien message unlike any they’ve received before: a message from their fellow adventurers exploring the galaxy! Collins and his companions form their now legendary fleet, and carry on to uncharted corners of the galaxy, exploring the fascinating story behind each planet! *** Assemble Your Fleet NOW! *** You and your friends can now gather your own Legendary Fleet! Together, you share your energy, gold, tomatoes, and other resources, helping each other explore the cosmos faster than ever. No longer alone, no longer competing with one another but instead working together, you’re able to uncover the secrets of the universe! *** Team Discussion & Resource Allocation *** Teamwork calls for intense discussion of strategy and tactics! The new team chat allows you to not only identify and discuss common goals with your fleetmates, but also lets you review the checkpoints and allocate your fleet’s resources accordingly to unlock new planets more efficiently!
Views: 1275 Fourdesire
Interventional Cardiologist Lowell Satler, MD and AT&T Working Together
Dr. Lowell Satler was giving a presentation to a group of fellow physicians in Winchester, VA, one evening when his cell phone rang. He interrupted his talk to take the call when he saw that his emergency room at MedStar Washington Hospital Center was on the other end. Paramedics treating a patient for a suspected heart attack in southern Maryland needed to decide immediately whether to dispatch a helicopter to transport the patient to MedStar Washington. Satler pressed a button on his smartphone and launched CodeHeart, a custom app AT&T developed for MedStar WHC. Within seconds was looking at live streaming video of the patient and his ECG on a secure network. It was a heart attack, all right. Satler ordered the helicopter. "Having access to this data, these images, really speeds up the process of evaluation," Satler says. "It's very helpful to have that information so we can allocate our resources most efficiently." There are other benefits too: The video can be inserted into the patient's electronic medical record, and can be reviewed later by medical students as a case study. But for Dr. Satler, the real miracle of telemedicine is "having the ability to transmit live, two-way video in real time and extending our reach into a remote location," he explains. "It's about bringing the expert right to the patients, wherever they are." —Sharon Kunz Learn more about Cardiac Catherization at MedStar Washington Hospital Center: http://ow.ly/NuPDI
Redefining Capitalism
Capitalism is arguably the most successful system humans have yet devised for raising general prosperity. Yet knowing that capitalism works is not the same as understanding how it works. Traditionally, economics defines capitalism as a system that uses markets and price signals to efficiently allocate resources. Yet many of the basic assumptions of this view are under challenge. Likewise, the version of capitalism that many countries have created has also proven to be subject to financial crises, rising inequality, and environmental damage. These issues have raised fundamental assumptions about the nature of economic growth and a quest for new models of inclusive, sustainable prosperity. Eric Beinhocker of INET Oxford will discuss an emerging view that the economy is not the mechanistic system of traditional economics but instead is a complex adaptive system. Under this view capitalism is not primarily characterised as a system for resource allocation, but rather is an evolutionary system for devising solutions to human problems. This view sheds light on current debates regarding inclusive, sustainable growth, and has potentially important implications for policy and politics.
Views: 2083 The Aspen Institute
Higher Education Marketing Automation: SimplyCast 360
Let us show you how Simplycast can help with education marketing and communication in a school! Marketing educational institutions can be difficult. Not only are you promoting the lifestyle your school has to offer, you're also connecting with your students. We want to help you streamline that, and make it move quicky and efficiently, so that you can allocate excess resources normally spent on marketing elsewhere. Need to send out email reminders for registration deadlines? No problem. Want students to be able to sign up for event reminders every month? Easily done. Having a good culture is one thing. Being able to keep the student body up to date on the happenings that change that culture is another. Even in high school, this rings true as communication in schools between staff and students is often low. Sure, it's more common in post secondary, but it's still not ideal. Too many party kids, or people who feel that they don't have to do certain things once they're not mandatory rules. Marketing education means connecting with your student body. Planning an event? Set up a system so that they can get reminders sent right to their mobile device. Want them to remember a specific deadline? Set up an email campaign. With such a focus on electronic devices, education marketing online is quite effective, if slightly less so compared to cell phone campaigns. Simplycast can help you do all of this, and in such a way that you spend less money on marketing, and more on improving the atmosphere and lifestyle on your campus, regardless of the level of education. Learn more about how SimplyCast can help you do your education marketing here http://www.simplycast.com/marketing-automation/educational-institutions/ Learn more about SimplyCast at: SimplyCast Marketing Automation: http://www.simplycast.com/software/360-marketing-automation/ SimplyCast Email Marketing: http://www.simplycast.com/software/email-marketing/ SimplyCast Contact Manager: http://www.simplycast.com/software/contact-management/ SimplyCast SMS Marketing: http://www.simplycast.com/software/sms-marketing/ SimplyCast Landing Page Generator http://www.simplycast.com/software/landing-page-generator/ SimplyCast Fax Marketing: http://www.simplycast.com/software/fax-marketing/ SimplyCast Facebook Automation: http://www.simplycast.com/software/facebook-automation/ SimplyCast Twitter Automation http://www.simplycast.com/software/twitter-automation/ SimplyCast Voice Broadcasting http://www.simplycast.com/software/voice-broadcasting/
Views: 1550 SimplyCast
Disrupt or be Disrupted - Legacy software modernization is not an option - Dallas 2018
Today 350 billion lines of COBOL code are still running most of the business systems around the world. The complexity of these legacy systems combined with the cost of removing their technical debts and the fear of change explains why most of the businesses are still chained to their legacy IT infrastructure. Rapid changes in business require software and information systems with higher adaptation capabilities. Companies can no longer risk being locked into rigid aging proprietary technologies; digitizing their IT is no more an option. There is indeed an increasing demand for reactivity: IT systems must leverage the business instead of, as it often happened in the past, being a source of inertia. We are facing a period where new pure players are competing with established companies. They are creating new disruptive and efficient business models built on new technological paradigms. Airbnb (Hotel), Uber (Transport), N26 (Banking), Amazon or Alibaba (Retail), Netflix (Entertainment), SpaceX (Aeronautics), are the most famous. Such Pure players are digital-native. They leverage the use of distributed environments and Cloud elasticity to efficiently allocate resources, minimizing cost and maximizing performance while offering a better user experience. Aging legacy enterprise applications built on languages such as COBOL, PL/I, Natural, etc. often cannot take full advantage of today’s mainstream platforms like Cloud, Artificial Intelligence and mobile computing...until they meet Blu Age. During the past ten years, Blu Age has heavily invested in the automation of legacy applications modernization. As a result, the efficiency of its Blu Age products line is recognized as one of the leading legacy modernization solutions with more than 80 successful projects across various sectors/countries. Retail, leisure, financial services or manufacturing... From critical batch processing to complex user interfaces, we cover any type of use case. Get in Touch With Us - We’re here to provide more information, answer any questions you may have, and help you thrive in the Right-Now Economy: [email protected] More details about us : www.bluage.com
Views: 760 Blu Age

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