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McCrory R.T.,EFI Inc
62nd IIE Annual Conference and Expo 2012 | Year: 2012

The purpose of this paper is to explore pension plan metrics - measuring the behavior of a defined benefit pension plan in an uncertain environment. Our goal is to measure and evaluate the quantitative impact of competing policy choices. We proceed by investigating some basic pension metrics, evaluating the characteristics of each using a simulated pension plan. We find that some typical metrics - such as the mean and standard deviation - are useful only in certain circumstances and that other less traditional measurements are sometimes better suited to evaluating policy choices. Source

McCrory R.T.,EFI Inc
62nd IIE Annual Conference and Expo 2012 | Year: 2012

The purpose of this paper is to explore pension plan dynamics - the behavior of a defined benefit pension plan over time in an uncertain environment. We proceed by simulating the behavior of a model plan in a stochastically varying economic environment. While both the model and its environment are simplified, the model displays interesting behavior suggesting policy considerations that should be included in the design and funding of these plans. Source

Arieli U.,EFI Inc
Proceedings of the Technical Association of the Graphic Arts, TAGA | Year: 2014

Increased throughput with existing resources is the key to increased profitability, and the negative trends of today's economic and digital realities are forcing printing businesses to reevaluate their management strategies. This paper describes how applying the Theory of Global Optimization (TGO) and TGO-designed software tools remedies the problems of decreased profitability due to a changing world, a changing demand for print, changing production processes, shorter runs, lower prices, higher costs, shorter lead times, increased make-readies, too much waste, and increased variety and complexity of products produced. The Theory of Global Optimization is the science of managing a printing or packaging operation with a global view. The three foundation principles of TGO recognize that a manufacturing operation is a chain of interdependent links; that only a few constraints control the throughput, on-time delivery, and cost of the entire operation; and that by identifying and removing or managing the constraints, you increase throughput and profits. By identifying the constraints proactively, the impact of those constraints is minimized, resulting in better processes, improved capacity utilization, higher throughput, and improved profitability. The TGO theory is put into effect with a unique software tool that employs an interactive, graphical approach to provide a global view of the company in real time. Using business and production rules to automatically minimize switchover and setup times, TGO-designed dynamic scheduling software communicates with all other systems in the workflow, including JDF-enabled equipment, to synchronize and optimize every aspect of production. This leads to higher profit margins through improved on-time delivery; optimized capacity utilization; reduced waste in time, materials, and processes; and increased throughput using existing resources. TGO is not a production strategy; it is an end-to-end workflow improvement strategy that yields benefits in acquisition, administration, planning, production and delivery. When TGO is implemented with big-picture training and motivation, the culture of the company is transformed; everyone performs with the global view in mind, and everyone performs smarter. Source

Ramcilovic-Suominen S.,EFI Inc
EFI News | Year: 2011

The ongoing PhD research on livelihoods, forest values, and forest law compliance in Ghana is making a significant contribution, especially in terms of the implementation of FLEGT VPA (Forest Law Enforcement, Governance and Trade/Voluntary Partnership Agreement) in Ghana. By signing the VPA, Ghana has agreed to develop a transparent forest governance system and to ensure legal compliance in the forestry sector. The VPA impacts on the forest dependent communities will depend on whether or not the VPA addresses and ensures the retention of forest resource and environmental services, reforms of land and tree tenure system, transparency and accountability, and participation at local levels. The study will focus on different dimensions of forest law compliance, including frequency of violation, fairness and legitimacy of the forestry legislation, sanctions and deterrence. The study will enhance the understanding about the factors which determine the ultimate forest law compliance behavior. Source

The printing and packaging companies are investing in various forms of management information systems (MIS) or enterprise resource planning (ERP) systems to connect their business operations, processes and people together through automation. The automated systems track all pertinent data, from the initial estimates through production, and cash receipt, keeping all transactional data in a central database. The information only needs to be entered once and then flows throughout the business. MIS/ERP systems eliminate manual data from each step of the process, while enabling employees to have real-time access to information, so they can make more effective business-critical decisions. The systems enable the information used to generate the initial sales estimates to automatically flow through to quoting, then production estimating, scheduling and costing, eliminating manual rework, reducing error, saving costs and decreasing delays in business operations. Source

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