Tuesday, August 25, 2020
Xenophon and Aristophanes
In Greek society ladies had little power over their lives. A spouse needed to have the option to control his better half so she would run his family as he saw fit, so she didn't harm his notoriety, thus he knew the paternity of his kids. A spouse needed the young lady to be firmly constrained by her dad before she wedded for similar reasons. Aristophanesââ¬â¢ comedies and Xenophonââ¬â¢s Oeconomicus contain altogether different portrayals of a Greek resident womanââ¬â¢s life before she is hitched and during the time soon after she is hitched. Both the comedies and Oeconomicus analyze how young ladies were instructed, how firmly watched they were in their fatherââ¬â¢s family unit, and their ability to delude their spouses. In Oeconomicus, Xenophon expounded on the perfect young lady, however she was overstated toward flawlessness. In the comedies, in any case, some the female characters were nearly the specific inverse of the young lady in Oeconomicus. Despite the fact that thoughts regarding how young ladies were raised and how they acted after they were hitched are totally different in Oeconomicus and in Aristophanesââ¬â¢ comedies, the two arrangements of thoughts get at a husbandââ¬â¢s want for his significant other to have been firmly constrained by her dad, and afterward by him. Aristophanes and Xenophon show this craving by introducing the perfect qualities of a spouse and the attributes men dread. They additionally use distortion to make the differentiation between the great spouse and the bothersome wife even more clear. Since spouses needed their wives to be controlled first by their dads, and afterward by them, ladies spent their whole lives heavily influenced by men. There was likewise an enormous contrast between how firmly watched by her dad Ischomachosââ¬â¢s spouse was, contrasted with the young ladies in the comedies. Young ladies were not just monitored to shield them from adapting excessively, yet they were additionally watched to get them far from men so they would not have intercourse with or be assaulted by them. In such a case that a young lady was, and after marriage her better half discovered, he would be uncertain of the paternity of his youngsters. Ischomachosââ¬â¢s spouse ââ¬Å"had recently lived under tenacious management all together that she may see and hear as meager as possibleâ⬠(Oeconomicus, VII, 5). She clearly didn't go out a lot if her family was making an endeavor to have her see and hear as meager as could be expected under the circumstances. Since she was managed that intently, regardless of whether she left her home she wouldnââ¬â¢t have gotten an opportunity to stumble into difficulty in light of the fact that there would be somebody with her or watching her. In Women at the Thesmophoria, the Kinsman depicted a female character who was clearly not watched intently, ââ¬Å"I had a beau, whoââ¬â¢d despoiled me when I was just sevenâ⬠(Women at the Thesmophoria, 503). On the off chance that a man had the option to get to the Kinsmanââ¬â¢s character when she was just seven she was not being observe intently. Calling the individual who despoiled her, her sweetheart, infers this was not a solitary occasion of carelessness on part of her gatekeeper; it infers that she was not being observed intently enough to keep her beau from proceeding to see her. Ischomachosââ¬â¢s spouse mirrors the perfect for Greek husbands. Since her dad so firmly controlled her, she would not have had a chance to do whatever would call the paternity of her future husbandââ¬â¢s youngsters into question. The Kinsmanââ¬â¢s character is a portrayal of a young lady that shows menââ¬â¢s fears about how their spouses may have been raised. She is totally out of the control of her dad, so when she weds, her significant other will have no clue on the off chance that she is all prepared pregnant. All things considered, how intently or freely these characters were monitored is an embellishment. Despite the fact that Ischomachosââ¬â¢s spouse most likely was protected as intently as could reasonably be expected, her extraordinary obliviousness suggests that she was watched all the more intently then was reachable. The Kinsmanââ¬â¢s character is most likely additionally a distortion. In spite of the fact that there likely were a few young ladies who were despoiled when they were extremely youthful, it appears to be impossible that she would have had a beau at seven years old. The misrepresentation just makes the perfect of a fatherââ¬â¢s control all the more clear. In Ischomachosââ¬â¢s wifeââ¬â¢s outrageous case there is basically zero chance that she was pregnant with another manââ¬â¢s kid when she wedded, however on account of the Kinsman it would be amazing in the event that she was not all prepared pregnant. All together for a spouse to have the option to control his significant other effectively thus he would have the option to train her how he needed her to run his family unit, young ladies should be kept as oblivious as conceivable before marriage. Ischomachosââ¬â¢s spouse is a case of this perfect. He says that â⬠[she] had recently lived under constant management all together that she may see and hear as meager as could be expected under the circumstances and pose the least inquiries as possibleâ⬠(Oeconomicus, VII, 5). In Lysistrata a contrary perspective on the training of young ladies is introduced. A chorale of ladies talked about their involvement with a few diverse strict services and celebrations. They use what they realized in the celebrations to legitimize offering the polis guidance. We need to begin by offering the polis some a word of wisdom and properly, for she brought me up in stunning extravagance. When I turned seven I was an Arrephoros; at that point a Grinder; when I was then I shed my saffron robe for the Foundress at the Brauronia. Also, once, when I was a lovely young lady, I conveyed the Basket wearing a jewelry of dried figsâ⬠(Lysistrata, 669). Since they utilize their involvement wi th strict services as a capability, they accept they have gained from these encounters. The complexity among Oeconomicus and Lysistrata is striking in that Ischomachosââ¬â¢s spouse was kept home and an endeavor was made to show her as meager as could reasonably be expected, while the young ladies in the ensemble ventured out from home for broadened timeframes and evidently gained from their encounters. The experience of both Ischomachosââ¬â¢s spouse and the tune young ladies is a misrepresentation of what is conceivable in actuality. Ischomachos assumed his better half knew nothing he didn't educate her. At the point when she committed an error, for example, when she can't discover something that Ischomachos requests, he assumed full liability for it in such a case that he had not trained it to her she was unable to be relied upon to know it. ââ¬Å"But you are not to blame in this, somewhat I am, since I gave over these things to you without providing orders concerning where every sort of thing ought to be put so you would realize where to put them and where to discover them againâ⬠(Oeconomicus, VIII, 2). The rundown of strict celebrations given by the theme as proof of their training contains administration in five separate strict rituals. This rundown of strict help is ââ¬Å"the most lofty any Athenian lady could boastâ⬠(Lysistrata 669, note 138). A portion of the rituals were just open to young ladies from the ââ¬Å"noblest Athenian familiesâ⬠(Lysistrata 670, note 139). It appears to be impossible that numerous young ladies, assuming any, would have had the experience that the young ladies in the theme recorded. So the encounters of young ladies in Lysistrata are overstated to cause the young ladies to show up more learned than they most likely would be, and in Oeconomicus the young lady is more uninformed than appears to be conceivable. The embellishment delineates why men needed uninformed young ladies. Ischomachosââ¬â¢s spouse is fantastically oblivious and is anything but difficult to control. She does precisely what her better half advises her to do, once trained. This appears differently in relation to the ladies in Lysistrata who have a surprising measure of understanding outside of their homes. The womenââ¬â¢s experience, to a limited extent, added to their endeavor to assume control over the polis. A spouse who endeavored to beguile her significant other was startling for Greek men since men spent a lot of their time away from home. At the point when a spouse was gone, his significant other would have the chance to do things that would harm his notoriety and raise doubt about the paternity of his youngsters. A spouse couldn't generally control his better half, on the off chance that he was unable to believe that she was doing precisely what she said she was doing. In the Oeconomicus there is a case of a spouse beguiling her significant other that appears to be extremely generous. All Ischomachosââ¬â¢s spouse did was put on cosmetics, yet when he sees her with a painted face, he reveals to her that she ought not wear cosmetics since it is a type of trickery. Such duplicities may here and there hoodwink outcasts and go undetected, however when the individuals who are in every case together attempt to mislead each other they are fundamentally found outâ⬠(Oeconomicus X, 8). It appears as though he isn't simply addressing her about putting on cosmetics, yet in addition about different sorts of trickery. Obvi ously after Ischomachosââ¬â¢s address, ââ¬Å"she did nothing of that sort againâ⬠(Oeconomicus X, 9). The Kinsmanââ¬â¢s character not just deceived her better half just three days after they were hitched, however she lied so she could go out to engage in sexual relations with her beau (Women at the Thesmophoria, 504). Her activities could harm her husbandââ¬â¢s notoriety, and would raise doubt about the paternity of his youngsters. Her activities appear to be as terrible as conceivable from the husbandââ¬â¢s point of view. These activities are an exhibition of menââ¬â¢s fears about what their spouses may do in the event that they were willing and ready to beguile their husbands. The Kinsmansââ¬â¢ activities are a glaring difference with Ischomachosââ¬â¢s spouse, who subsequent to being revised, never again tricked her significant other. Since she was reluctant to bamboozle her significant other, and in this manner simple to control, she was a case of the ideal spouse. Despite the fact that Xenophon and Aristophanes were a piece of a similar society and expounded on Greek menââ¬â¢s want for their spouses to be firmly controlled when marriage, they investigated this craving in altogether different manners. Xenophon utilized it to compose a book that offered men guidance regarding what to search for in a for each
Saturday, August 22, 2020
Crossing the Line essays
Going too far expositions What makes contention? Discussion is caused when a thought or an idea negates the customary normal practices. Be that as it may, without thoughts, we would not be the place we are today. Workmanship has seen so much transformation that contrasting old style craftsmanship and contemporary craftsmanship one sees exceptional contrasts. In this way development and diversion has gotten practically mandatory to keep up expressions ease. Dubious craftsmanship is simply a wording for unique and innovative reasoning. Workmanship isn't a wrongdoing. Workmanship should go too far. It exists to incite thought and debate. From the beginning of time, when society was moderate, among the first to be assaulted are masterful foundations. Writing, music, craftsmanship, cries of, sex entertainment, qualities, and taste. Without these viewpoints then workmanship would be tedious. Disputable craftsman standing out as truly newsworthy is, Chris Cooper, otherwise called, Coop. Coop is presumably most popular to America as the craftsman answerable for a humiliating composition of a couple of bare ladies, spoke to as female demons taking part in realistic, express lesbian sex. The artistic creation including lustful joys between two ladies turned into the front of the ongoing Lords of Acid collection, Voodoo-U. The work of art had additionally caused a national discussion including sex entertainment and craftsmanship. Coop's craft, particularly through his topic of a sexual lady as a fiend, is sexist clarifying that such clear considerations of sexuality couldn't go over a womans mind. This created a lot of scene in the moderate and oblivious societys as it tested each part of not too bad human culture. Coop steps a similar turf as Manet did in, The Olympia, and Duchamp did with, Le Voyeur, artworks that in their time blended contention to the edits also, and motivated discussions that have constrained untold millions to scrutinize their convictions, and the general public that instructed them. On account of disputable craftsmen like Coop, Manet and Duchamp the discussion concerning erotic entertainment and craftsmanship will proceed, a... <!
The History of the Viola Essay Example for Free
The History of the Viola Essay The viola isn't the most popular instrument in the violin family. Actually, ask anybody you realize that isn't associated with symphony what it is and they would squint moronically at you. As a general rule, despite the fact that the violin is better known in todays society, it is conceivable that violas showed up before violins in light of the fact that the Italian word for violin, violino, is gotten from the word viola, albeit nobody realizes who concocted it or when it was designed. To address anyones question on what precisely a viola is, a viola is the alto in the violin family, which developed from the viol, an instrument with numerous strings that is bowed and held over the knees. They used to be known as the alto-tenor violin. The viola we realize today is the consequence of the continuous converging of the alto and tenor violas more than three centuries. Most artists didn't care to play the tenor viola since it was so enormous in size and hard to play along these lines. Along these lines, bit by bit, luthiers quit making the tenor viola. The alto violas neck was too short to even think about playing the music that was getting progressively troublesome by the sixteenth century. So luthiers protracted the neck of the alto viola with the goal for artists to play a more extensive scope of notes. The current viola is around 1-3.5 inches longer than a violin, making them around 16 to 18 inches in length. Today they are the main instruments that utilization the alto clef. Violas are not close to as acclaimed as the violin or cello, and they most likely never will be. There are incredibly, hardly any independent violists, particularly contrasted with the measure of solo musician. In the customary symphony, there are around three violins to each viola, and in some cases more. Arrangers once in a while wouldnt even trouble composing a viola part. Violas would wind up having the bass impact. It wasnt until the show Orfeo, written in 1607, that violas started to turn out to be increasingly significant. Steadily, violas earned their own parts, and even get significant parts in pieces. Violas played an auxiliary job in the seventeenth and eighteenth hundreds of years, despite the fact that performers, for example, Mozart and Bach were both achieved violists. It resurged with organizations like Harold in Italy in 1834 by French author Hector Berlioz. Johnannes Brahms and Hector Schumann additionally composed significant pieces for violas
Friday, August 21, 2020
U02d1 Research and Discuss Rationing Essay Example | Topics and Well Written Essays - 500 words
U02d1 Research and Discuss Rationing - Essay Example The term proportioning is one where the United States isn't confronted with a deficiency of administration as the degree of merchandise and enterprises of the nation are not utilized, or are out of interest. This for the most part will in general happen when there is a cutoff that is actualized on the products and ventures and depends on the capacity to pay. Considering the overall population here for the situation, there is a gigantic doubt that on the off chance that there is an ailment and a potential treatment for it, at that point the insurance agencies are obligated to pay regardless of the expenses. This anyway is never the equivalent if an individual needs to pay for the treatment from their own pockets. This is straightforward human instinct. Anyway there is continually proportioning that happens when an individual isn't secured by protection. Here the individual or even the experts would consider whether it is helpful to permit the treatment on the individual and whether th e result may be valuable or not. The primary article by Newt Gingrich is one which depicts the present day circumstance where there is an away from of proportioning. The creator expresses an intriguing point, ââ¬Ëif you are a solitary male without any kids, the enactment despite everything expects you to have maternity advantages and well-infant and well-youngster care inclusion. You dont need or dont need that inclusion? Apologies, you need to pay for it anywayââ¬â¢. This is the present circumstance among all Americans and the point of view of the residents is obvious from the title of the article: ââ¬ËHealthcare apportioning: Real scaryââ¬â¢ (Gingrich, 2009). The second article by Floyd then again talks about the issues looked by the administration. Obviously in the present circumstance the human services frameworks are expensive and the Americans hope to get the best without the will to pay for it. This leads the creator to set down three significant inquiries which have been replied here in the archive. The creator has set down the accompanying: ââ¬ËThe current discussion over human services apportioning encompasses three key
Saturday, August 8, 2020
5 Causes of Low Self-Esteem and How to Fight Them
5 Causes of Low Self-Esteem and How to Fight Them When you hear about self-esteem you would usually think about the unpleasant feeling of low self-worth and embarrassment in the moment.However, low self-esteem could be considered one of the leading factors behind the risks you can afford taking, your attitude towards high-stake situations, the direction of your decision making, and, ultimately, how far you get in life. According to SimplyPsychology, ââ¦people with high self-esteem focus on growth and improvement, whereas people with low self-esteem focus on not making mistakes in life.â And the two attitudes have very different outcomes. This article will give you a very practical approach towards eliminating some of the major sources of low self-esteem. The goal is give yourself the best chance to succeed in the challenges along your way and to learn to accept yourself for your faults. THE 5 PHASES OF FIGHTING LOW SELF-ESTEEM IdentifyJust because you feel generally âdownâ and you want to feel better, that does not mean yo u are ready to do something about it. You have to find the cause. And the cause could be sneaky. Letâs say you are growing bald. It happens suddenly, and it is very visible at first sight what is affecting you. You know when it started and you know what is causing it. However, low self-esteem might be stemming from a bad relationship or friendship, where the other person is putting you down, but is also manipulating you into you thinking they mean your best. Those reasons are trickier to uncover. Write down a list of the times that you were feeling down and the thoughts that were running through your head. Find the original bad thought that put you in that state. Caution: The reasons might be multiple. CategorizeOnce you have discovered the cause of your low self-esteem, put them in one of three categories:Constants. The constants in your life are things you canât change. For example if your low self-esteem is stemming from you being not-so-tall, you are probably not going to b e able to change that. The strategy you need to employ here is acceptance, or looking at things from a different angle. Instead of trying to change the constant, change yourself, to where the constant is not bothering you so much. Fluctuations. Those are situations where there is a combination of factors you can change and factors you canât. If you sweat excessively for example, in most cases you will be able to improve your symptoms to where they are not a distraction in your everyday life, but you will always have to take excessive care of your personal hygiene, take pills, and/or spend a lot on medical-grade products. Variables. If your low self-esteem is stemming from the fact you are not a very good conversationalist, or you are at a low point in your career, there are things you can do to completely eliminate that source of low self-esteem. ImproveThis is the part of the process our article is concentrating on. You need to adopt the attitude that you owe it to yourself to r esearch and never give up to always give yourself the best chance in life. Identify your issues, work on the ones you can change, and accept the flaws you canât to where they do not interfere with the rest of your life. AdaptLetâs go back to the example with the frenemy â" the friend that is actually your enemy. If they are causing your low self-esteem, naturally a part of your healing process will be to cut ties with such people. Unfortunately, in a lot of cases people attract similar types of friends around them â" it is the principle of the key and the lock. It is common in this situation that a person will suddenly be left with a lot less friends than they started out with. And that could, in turn, be its own source of self-esteem issues. Now you will need a new strategy. Change the types of people you become friends with. Your old ways are no good. PersevereOnce you figure out the issue is solved, the worst thing you can do is to just fall back to how you were. It is impo rtant that you continue your efforts to improve your life. In the example of the frenemy, you have to be careful that you donât attract the same false friends in your efforts to not be alone. If your excessive weight was causing the issue, and you lost some of it, you need to continue with your efforts. Remember. Maintenance and prevention is always easier than breaking the bad habit. YOUR BODYYour body is the home of your spirit. But it could also be the birthplace of many insecurities that poison your daily life. Because it is the first thing that people see about your, the most obvious difference between you â" it is easy to see the differences in the physical world, and not so easy to see the difference between the minds. Please note that we are not saying that any of those issues should be a concern of yours, but here are some of the most common issues you could have with your body:You carry extra weightSome extra inches around your belly could really damage your self-worth. Luckily, it is one of the issues that can be fixed just by the power of an iron will. Caution â" it is simple, but it is not easy. The first thing to do is to cut back on sugars. Your appetite will immediately go down and you will crave much less food. With a limited amount of carbohydrates, your body will be feeding off of the fat. Low sugar lowers insulin levels which leads the kidneys to lose the excess water and sodium. Concentrate on getting your protein, your fat sources and carbohydrates only in low-carb versions â" particularly from vegetables. High protein diets will make you feel more full. Add more protein and you will feel it is way easier to stay off sugar.Now, some gym talk. Visit around 3 times per week. Make sure you do some stretches before you start. Warm up your muscles for the workout. Try to include some weight lifting, instead of doing cardio only. It will do wonders for your shape, in addition to your weight and you will see results in the mirror faster. Do nât overdo it. Concentrate on what works for you. Explore different options. Even if someone tells you their routine is doing wonders for them, if it doesnât fit your needs or is not up to your liking, ditch it. In the beginning, concentrate on persistence rather than a particular type of exercise. Once you get results, track them. Try to push yourself towards achieving your end goal. You sweatBO could take a real hit on your self image. Heavy sweating could be a sign of a medical condition. Hyperhidrosis, as it is also called, can be a symptom of a thyroid disease, diabetes or bacterial infection. Excessive weight is a contributing factor. If the temperature is not high and you are not exercising, you should not be sweating profusely. This is when you know you have an issue. What can you do? Deodorants/Antiperspirants. If the generic products do not work for you, look for medical grade products. Iontophoresis. Low-level electrical impulses will temporarily incapacitate your sw eat glands.Medications. Ask your doctor for prescription and additional advice if you have to. Botox. Botox can briefly stop the nervous system from triggering excessive sweating. Surgery. A doctor can cut a nerve in the chest that causes the sweating or they could as far as removing some of the sweat glands.You are not the right heightShorter people often suffer from lower self-esteem. The teen years are usually the hardest part in such cases. Shorter people have a more difficult time establishing themselves as the authority, and in their relationships. However, you should not underestimate other factors â" if your friends and family never make fun you for your height, you are more likely to develop high self esteem. The environment has an important role in determining how one perceives themselves.Surround yourself with people who treat you nice for who you are and do not accept jokes you are not okay with. You dislike your featuresFeeling ugly can be devastating to you, as this Cosmopolitan article tells us. Disliking our features could be detrimental to our confidence, especially during our teen years. This YouTube video outlines how young girls, in particular, feel confused about the way they look and seek validation from the internet. Seeing so many changes day after day, being told by their mothers and fathers they are beautiful, and by bullies at school â" that they are ugly. In this day and age the question of cosmetic surgery will always come up in your mind. However, before you take any drastic measures, make sure you have considered all pros and cons.You are losing your hairHair loss is a common problem amongst men. Men do tie having a full head of hair to sex appeal. Even though only 13% have reported to have been very upset when their man lost their hair. In contrast, a full 52% think women would largely find bald men to be unattractive.Apparently what actually matters is confidence. If your confidence is diminished as a result of going bald, you will only make the problem worse.It is particularly devastating when it happens to women.You will find a lot of procedures can be done to try and remedy the root of the issue or hide the symptoms. The truth is nothing is proven to work. The best thing you can do is you can try to untie your confidence from your hair. Talk to people. Read about how others dealt with the issue. You are getting oldWomen feel invisible by the age of 51: Confidence plummets after hitting 50, the Daily Mail reports.âOnly 15 per cent of those over 45 declared themselves as having high or very high confidence while nearly half described themselves as not very confident at all⦠Six in ten felt modern life was geared towards younger women while 46 per cent believed that the problems faced by older women â" such as the menopause, werenât spoken about.âHere are some things you can do to fight this feeling:Self-esteem could actually increase as you age â" you are smarter and more experienced now. Y ou can be more assertive.Sixty is the new forty! Some of our low confidence as we get old could be tied to us comparing ourselves to our parents at that age, but times have changed! Focus more on what is truly important. At a young age you have so much choice in front of you. But it also leads to a lot of confusion. Now you know who you are and what you want. Do it!YOUR JOBRoughly, we spend one third of our lives working. Your relationships at the office, your status, your opinion of your job can have a huge impact on the way you feel about yourself. You do not have a careerYou are college-educated, and yet, you could never find a well paid job in your field. It is the curse of a generation. It is a huge problem. Yet, society tells people working in the service industry derogatory jokes, people who work low-level, low-paid jobs are being ostracized and told they are to be blamed for their state of affairs. First, remember that you donât have to always comply to societyâs expecta tions, especially if you are happy with your job. Second, and only if you are not so happy, we advise you to do some research and look for the advice of career specialists. It is never too late to make a change. Passed over for promotionRedirect your negative emotions into positive efforts. Consider if it is maybe too early to despair. Do you have a future in the company? Decide where you should objectively draw the line. Be proactive and seek direct feedback from your supervisor. Take it as a serious learning opportunity â" learn what you are doing wrong. The answer may surprise you. Plan carefully for your next step. What and when do you want to achieve from your job? Who is the decision maker? What is their vision of the situation? What are their condition? Is it something you can afford waiting for?You are underpaidMen are more likely than women to associate their self worth with the money they earn. And women are more likely to be underpaid because of their reluctance to negot iate for a higher salary. Deal with this issue in three steps. First, do your research. How much are you worth in your company? What about other companies? Second â" who is deciding on your salary? Are they happy with your work? Third, plan carefully how and when to raise the question. Give yourself the best chance. You are underappreciatedWork on getting yourself out of your comfort zone. Speak to your colleagues and customer more often. Write down a list of achievements no one gave you credit for. Make sure you raise the question during your next evaluation. YOUR MONEYThe thickness of your wallet may be tied to your self-worth. You are not your moneyIn some cases such world view could be justified. If you are a an associate at a law-firm for example, your earnings will be very closely tied to your worth as a lawyer. If you are an IT specialist though, you should not be comparing yourself to the celebrities on TV. It is a question of attitude, and your attitude will usually be cl osely tied to your ability to spend on products and services that are worth it, and on your ability to save money. For those points, direct your attention below. Be realisticIf you have unrealistic expectations you will never feel good in your skin. Make a mental exercise to always work on your best chances but not to have top expectations. Make a planConsult a financial specialist. Disclose the amount of steady income you are getting and your goals for the close or mid-term future. Maybe you want to get married? Have children? Retire? Ask your consultant about a percentage of your income they advise you to spend on necessities, luxury items, fun and⦠how much they advise you to save. Remember. You donât solve money problems with money. Make amendmentsNo plan is a good plan if it is not flexible. If your income changes for the worse or the better you need to adjust your financial plan accordingly. Make investmentsYou do not necessarily need to make financial investments. What we mean by that is to consider every purchase to be an investment. Always think of the âreturnâ value. That way you will never spend money on junk. YOUR RELATIONSHIPSAs we discussed earlier in the article, a bad relationship has various ways of being toxic to your self worth. People are weird creatures. To no fault if your own you could be sucked in an unhealthy relationship â" friendly or romantic â" with an equally unhealthy person who can only feel good about themselves if they put other people down. Here are some helpful tips how to avoid that. Make friends with the right peopleStep number one is to be cautious about people who you let in your life. Be wary of people who: want to become too close too fastjoke about your insecurities and laugh it off then garnish the insult with a compliment too little too late gossip have too many insincere friendshipshave too little friends even though they seem socialLose friends when they are toxicStep number two is to not be shy to let p eople go during the first signs of them being unhealthy for you. It is better to have no friends than to hold onto a toxic relationship. Nourish relationships Hold on to your good friendships:Be grateful when someone does something for youBe conscious of people in your life that make you feel the best about yourself â" ask them how you can help make their life betterBe the friend you want to have. Do not neglect your relationships. YOUR INTELLECTIf your self image could be affected a lot by the way you look, that is because your appearance leaves the first impression to people you meet. And the most lasting impression is affected by your smarts. Therefore if you donât feel you come off as intelligent, it could be equally as damaging to your self esteem. Here are some tips how to come across as smarter, fast:Learn new thingsYour first task is to get hold of the news. Make sure you read about the most pressing local and international events every morning. This simple habit will imm ediately open access for you in office conversations. Several months in, you will be able to become the centre of attention. You will have informed opinions and even a witty joke or two. Master small talkThe key to small talk is to talk about things that donât matter, as if they do. Talk about the weather, sports or⦠the news⦠and be engaging. Ask little questions here and there. âHey, who are you rooting for at the game tonight?â, âHey, how long do you think it will take them to finish the reconstruction on the 8th?â. Accept yourselfYou can master small talk, get on the topics of the day, and use little tips and tricks like that. But letâs be completely honest â" you will probably not go back to college, you will probably not increase your IQ. There will always be someone around who is smart and dashing and witty. You are good enough. Just give it your best and relax. CONCLUSIONYour self-image could be affected in various stages of your life by various factors. An d you may or may not be able to do anything about it. Sometimes it will be up to you, sometimes it will be completely out of your hands. Whenever you head for raising your self-esteem, you need to work in two directions in parallel. First, do your best to change the things you can change. And second, accept yourself, love yourself. Know that you are enough the way you are. Your goal should be to become the best version of yourself. Someone you can be proud of. Make sure you put your best foot forward and be happy.
Tuesday, June 23, 2020
Conditionality And The International Monetary Fund Mandate Finance Essay - Free Essay Example
In the primary Articles of the Agreement of the International Monetary Fund (IMF) which set up the Fund in July 1944 neither the term structural adjustment nor the term conditionality can be found[1]. Conditionality was explicitly incorporated into the IMF when the Articles of Agreement were amended in 1968[2]. Henceforward Article V Section 3 states that The Fund shall adopt policies on the use of its general resources, including policies on stand-by or similar arrangements, and may adopt special policies for special balance of payments problems, that will assist members to solve their balance of payments problemsÃÆ'à ¢Ã ¢Ã¢â¬Å¡Ã ¬Ãâà ¦. However, even before conditionality was explicit in the IMF mandate the Fund used to practice a sort of conditionality from its beginning. For instance, after the IMF made its first loan to France in 1947, they refused another loan for France in 1948 because the Fund did not accept the French exchange rate policies[3]. But also in the early years conditionality was officially announced and Stand-by Arrangements were introduced by the Fund[4]. On February 13th 1952 the Executive Board decided that Fund resources should be used to help members provided the policies the members will pursue will be adequate to overcome the problem[5]. However, in the early years conditions were fewer in number and less detailed whereby this policy has come to be called macro-conditionality. Usually these conditions included cutting the government budget deficit, reducing the money supply and sometimes the devaluation of the national currency[6]. Although the Fund configured the essential policy, governme nts had a lot of room in how they could achieve the macro-economic targets of IMF arrangements[7]. The rationality of conditionality is to prevent the possibility of what economists call a moral hazard[8]. Moral hazard occurs when a party insulated from risk may behave differently than it would behave if it were fully exposed to the risk. Because IMF loans can be seen as a sort of insurance against the risk of a balance of payments crisis a moral hazard could occur when governments know that the insurance entity here the IMF will pay in any event, even if they operate an irresponsible economic policy. As in 1982 a deep financial crisis arose in Latin America due to excessive public sector borrowing the IMF was faced with considerable critics because countries of this region had participated in more IMF programmes than any other in the world[9]. The official IMF response was that not the general policy was wrong but that the programs had not gone deep enough. Thus, the IMF began to enforce more detailed policies which not only include fiscal and monetary targets, but also targets for international reserves, limitations of foreign debt, a prohibition against import restrictions, further provisions for trade liberalization, as well as conditions calling for privatization and deregulation of labour laws[10]. Therefore the Fund not only said that the balance has to be restored but moreover, how the government has to react specifically. This level of detail of IMF programme conditions is also called structural adjustment or micro-conditionality[11]. Polak (1991) analyses that the averag e number of conditions increased from below six in the late 1960s, to seven in the late 1970s to over nine in the late 1980s[12]. Then, as Bird reports, the average number of conditions per IMF arrangements increased to 9.9 in 1993, 10.5 in 1994, 11 in 1995, 13.0 in 1996 and 16 in 1997[13]. So over time, the policy conditions contained in IMF arrangements became much more specific[14]. But also the micro-conditional policy came under attack in the aftermath of the East Asian financial crisis which started in 1997 and attached nearly every county in this region[15]. Commentators pointed out that IMF conditionality had gone too far in the opposite direction of macro-conditionality and were too specific[16]. Interestingly the response of the Fund this time was a reversal of the trend backwards to a reduced conditionality again. The IMF uses the term ownership which means that participating countries should take more part in elaborating and implementing the conditions[17]. Despite the changes the IMF has made in defining conditionality since its beginning the basic approach to economic problems has not changed. The Fund still includes conditions which intend to lower the consumption of imported goods and thus, the arrangements require governments to reduce public spending, raise interest rates and taxes or devaluing the domestic currency in order to raise the prices of imports and make exports more competitive[18]. Therefore conditionality is still controversial and the question is if the IMF policy of conditionality needs further changes. To answer this question it is essential to examine what the effects of IMF conditionality are. From this result a conclusion may be drawn to what extent IMF policy should be modified. 2. Effects of IMF programmes There is a huge amount of data about the IMF programme since the 1950s. In total the official data from the Fund covers 199 countries for a total of 1,132 observations to date[19]. In theory there should be a clear picture about the effectiveness of IMF programmes, but despite the wealth of data researchers have found different results. The reason is mainly that different statistical approaches were used in the studies and their choice is often contended[20]. Nevertheless, there exist remarkable studies about the impact of IMF programmes on various parameters. Important indicators are balance of payments, inflation, budget deficits economic growth, income distribution and social spending. a. Effects on the balance of payments According to the Articles of Agreement one of the most important tasks of the IMF is it to help members solving problems in their balance of payments[21]. Deficits in the balance of payment arise when a country is taking in more imports or fixed assets or capital than it is generating through exports[22]. The IMF tries with its conditional loan to cut the domestic demand for imports and foreign finance in order to adjust the balance of payments through the mechanisms previously discussed. Pastor (1987) examined the impact of IMF programmes in Latin American countries in the period from 1965 to 1981[23]. He found a statistically significant positive effect of IMF conditional loans on the balance of payments. Killick et al. (1992) also noticed in their study about the participation of Latin American countries in IMF programmes a statistically significant positive impact on the balance of payments[24]. In an extensive study of 69 countries from 1973 to 1987 Gylfason (1987) also found a statistically significant positive effect of IMF programmes on the balance of payments[25]. Khan came to the same result in his study from 1990[26]and Conway (1994) in his paper which observed 74 countries from 1976 to 1986[27]. The only study which actually found a negative impact was conducted by IMF economists Goldstein and Montiel (1986)[28]. So the majority of studies using various methods and data have found that IMF programmes have a positive effect on the balance of payments. b. Effects on inflation and budget deficits According to the IMF, fiscal adjustment and stable prices are one of the core elements of macroeconomic design in IMF programmes[29]. Killick et al. (1992) as well as Conway have found that IMF programmes have a statistically significant positive effect on the budget deficit. Steinwand and Stone (2008) reviewed 22 studies on the relationship between inflation and IMF programmes[30]. However, his review does not provide a clear picture. Six studies found no effect, ten studies report that inflation decreases but without a statistically significant effect. Three studies in the review noticed a statistically significant negative effect, and three studies report that inflation increases, even if the effect is not statistically significant. The result implies that either IMF conditionality does not effectively address inflation or governments fail to comply with the conditions of the IMF. Also a combination of both options seems possible. c. Effects on economic growth Although economic growth is not explicit stated in the IMF Agreement[31]the IMF regards economic growth as a key goal of its policy[32]. The First Annual Meeting of the Board of Governors in 1946 already defined growth as a function of the fund when they declared that the Fund should aid members in maintaining arrangements that promote the balanced expansion of international trade and investment and this way contribute to the maintenance of high levels of employment and real income[33]. But there is only weak evidence that the IMF has been successful in promoting the growth of the participating country. A review on early studies about the impact of IMF programmes on economic growth was published by the IMF in 2001[34]. Out of nine studies from 1978 to 1995 covering different countries, regions, and programme-lengths, only one reported a significant positive effect. Four studies have found no effect; two reported a statistically insignificant effect and one reported an insignificant e ffect. Recent studies even show that IMF conditionality programmes have a significant negative effect on economic growth. This is result is supported by studies from Kahn (1990)[35], Conway (1994)[36], Dicks-Mireaux et al. (2000)[37], Przeworski and Vreeland (2000)[38], Hutchison et al. (2003)[39]and Dreher (2006)[40]. Thus, the newly emerging scientific consensus is that IMF programmes hurt economic growth. d. Income distribution and social spending An Evaluation Report from 2003 published by the IMF Independent Evaluation Office (IEO) considered 146 countries from 1985 to 2000 and examined how IMF programmes impact the poor, such as spending on health and education[41]. One result of the study was that governments not only did not cut such spending but the paper also indicates that IMF programmes let governments decide to increase their education and health budget An IEO study from 2004 confirmed this conclusion[42]. However, Nooruddin and Simmons (2006) found that while the overall effect of IMF programmes on health and education spending is positive, the impact is not statistically significant[43]. Moreover, the authors actually pointed out that for democratic countries the impact on health and education expenditures were negative. Three studies deal with the question if IMF programmes increase income inequality. Despite using different methodologies and data they all came to the same result that IMF conditionality programmes have caused a rise in income inequality. In a study about the income in Latin America under IMF programmes between 1965 and 1981 Pastor (1987) concluded that the single most consistent effect the IMF seems to have is the redistribution of income away from workers[44]. In a cross country analysis also Garuda (2000) found that IMF programmes exacerbate income inequality[45]. To the same conclusion came Vreeland (2002) who looked at the earnings in the manufacturing sector of 110 participating countries from 1961 to 1993[46]. 3. Changes to IMF policies As the mentioned studies show IMF conditional programmes do not have the success they should have. Therefore it seems to be necessary to think about how the IMF can achieve better results. One well-known critic is Nobel Prize laureate and former chief economist and senior vice president at the World Bank Joseph Stiglitz. In his view the major problem that the IMF failed in so many cases is its conditionality policy. The IMF recipe of liberalisation, deregulation and fiscal austerity is counterproductive because under economic crisis such policy can increase unemployment and deepen the crisis[47]. Stiglitz also points out that an industrialised country which is faced with an economic crisis do exactly the opposite of the conditionality policy which the IMF claims from its supported countries. So for example when the United States faced an economic downturn in 2001, the debate was not whether there should be a stimulus package, but its design[48]. Siglitzs standpoint is supported by th e reaction of the G-8 states to the current financial and economic crisis. In order to soften the biggest recession in the world since the Great Depression nearly every country has set up an enormous stimulus programme and governments as well as central banks accepted a rapidly increasing budget as well as the danger of high inflation due to a monetary policy of quantitative easing which finally means printing money without an economic growth. Under IMF conditionality such programmes would be unimaginable. Stiglitz concludes that the IMF probably acts more on the behalf of foreign investors and domestic elites at the expense of the poor than following economic rationality[49]. Stiglitz argues the IMF conditionality should be reduced and the Fund should return to the mandate proposed by Keynes: providing funds to restore aggregate demand in countries facing economic recession[50]. However, others authors like Thomas Willet[51]argue that the reason for disappointing results of the IMF policy is not the conditionality itself but rather the problem has been one of compliance. If participating countries would comply more with the IMF conditions, the results would also improve. International governmental policies as well as the IMF itself should enforce the conditions set by the IMF more strictly. Vreeland points out that the US often prevents the IMF from enforcing conditionality if these countries are favoured by the US for political reasons[52]. Even the Fund reacts to critics of its policies and has adapted its policy accordingly over time. It seems like the IMF is stuck in a battle between opposing viewpoints on conditionality. Perhaps, such problems are unavoidable for a global financial institution like the IMF but nevertheless it is obvious that conditionality is abused either by countries which are not interested in enforcing it or by countries which are not interested in a stable economic and social policy because they rely on a guaranteed IMF bailout.
Saturday, May 23, 2020
The Bullwhip Effect In Pharmaceutical Industry Karachi Business Essay - Free Essay Example
Sample details Pages: 12 Words: 3676 Downloads: 3 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? The bullwhip effect was the enlargement of demand fluctuations, not the amplification of the demand. The bullwhip effect was obvious in a supply chain when demand rose up and goes down. The effect was that these could be rise up and goes down were blown up the supply chain. Donââ¬â¢t waste time! Our writers will create an original "The Bullwhip Effect In Pharmaceutical Industry Karachi Business Essay" essay for you Create order The spirit of the bullwhip result was that information to suppliers tends to have larger difference than sales to the purchaser. The additional chains in the supply chain the more multifaceted this matter becomes. This modification of demand was enlarged the further than insist was passed up the supply chain. During this research, there were a lot of reasons behind this amplification of demand of the products in pharmaceutical industry of Karachi and some of the causes that the bullwhip result occurred comprise the following: Over act in response to the backlog orders. Very little or no communication linking supply chain partners. Holdup times between order dealing out, demand, and receiving of products. Order batching: method for declining of ordering costs due to discounts for larger order, transport expense reduced by ordering full-truck loads, etc. Confines on order size (i.e. retailers could arrange goods in cases of 10 from trader; though, distributors take deliv ery of orders in cases of 1,000) Imprecise demand forecasts. Free of charge return policies. Cost fluctuations Short gaming Delay in lead time The research work includes measuring the bullwhip effect in Pharmaceutical industry Karachi, for that there must be know about the pharma sector of Karachi. Through finding from general survey the research concluded that there were more than 400 qualified pharmaceutical companies in Pakistan, including the 30 multinationals that have 40 percent of the market share. Approximately half of Pakistans total expenditure or consumption of pharmaceuticals were imported and there were also local manufacturing concept emerging now days due to technology transfer of many products from international countries to Pakistan. After the brief analysis of the pharmaceutical industry and the bullwhip effect that affects the demand of the product in the market so eventually caused the problem in sales and marketing due to many reasons. The bullwhip effect involves and turns around the terminology that was the usually involved in Supply chain which was the procedure of planning, executing, and scheming the operations as professionally as possible. Supply Chain extent all association and storage of raw resources, work-in-process records, and finished possessions from point-of-origin to the point-of-usage. Further, supply chain involves four district yet interrelated flows. These flows include material, information, ownership, and payment flows. Successful marketing required a successful supply chain management that ultimately requires planning, managing and controlling these four flows all the way through the incorporation of key procedure, from new suppliers through manufactures, retailers to the end-users, which produce values to the ultimate consumers. Lambert et al (1998) stated that supply chain management emphasizes close coordination among the diverse companies involved in the chain. It requires supply chain m embers to recognize which was part of the complex network. All the companies involved in the network were important in establishing a desired level of customer service in the supply chain and satisfying their customers requirements. These companies were interdependent in such a way that an individual companys performance affects the performance of other members of the supply chain. If there was a problem in one company, the company consequently causes other problems in other areas and weakens the effectiveness of the whole supply chain. Since, a supply chain involves many players and different practices and policies, those complexities result in higher degree of uncertainty and dynamic within a supply chain of the pharmaceutical industry of Karachi. In the marketing of the products one of the backbones involved was the supply chain in business includes the stages, which were built to fulfill the demand of the customers. A typical supply chain usually includes raw material supplie rs, manufacturers, wholesalers, retailers, and end customers. In supply chain, the variability of order quantity may significantly add to relative to the unpredictability of the end customer demand. In practical operation of any supply chain, the downstream members of the chain would observe the demand and transmit it to the upstream members by the replenishment orders. The information distortion during this transmission process had been observed and referred to as the bullwhip effect. In the presence of bullwhip effect, a small variation in the demand of the end customer may cause large variation in the demand facing by supplier. After analyzing the above facts Supply chain management which was considered as one the major and biggest topic in our analysis as follows: Mentzer et al. (2001): stated that the systematic, strategic co-ordination of the conventional business function and the strategy across these business functions within in specific company and transversely business surrounded by the supply chain, for the reason of enhancing the lasting presentation of the entity companies and the supply chain as an entire. Lummus et al (2001): included the logistic flows, client order organization, the manufacture process, and the information stream necessary to monitor all the behavior at the supply chain sites. Min and Mentzer (2000): showed that the to manage the stream of a allocation control from the provider to the final client. Lambert et al (1998): observed that to get the most out of competitiveness and profitability for the company as well as the whole supply chain network, including the end-customer. Turner (1993): said that the technique that looks at all the links in the sequence from unprocessed materials dealer, through a variety of levels of developing, to warehousing and allocation to the ending customers. Christopher (1992): studied that the supply chain was the system of organization that was concerned, through upstream and do wnstream linkage, in the dissimilar procedure and actions that each creates value in the shape of goods and services in the offer of the final consumer. Cavinato (1992): studied that the supply chain consisted of vigorously managed channels of procurement and distribution and that it was made up of a group of firms that adds value along the products flow from original raw material to final customer. Lee and Billington (1992): showed that networks of manufacturing and distribution sites that procured raw material, transformed them into intermediate and finished products, and finally distribute the finished products to customer In order to cover the topic of demand fluctuation, there must address the below problems that ultimately covered the Bullwhip effect and its tactics: Distribution Network: Number, location of the partners in supply chain, facilities in production, different centers related to distribution, store rooms and final customers. Distribution planning: C entralized against uncentralised, direct transportation, Cross docking, pull or push ways, 3PL. Information: Processes of the supply chain to create the sharing valuable information. Inventory Management. 1.1 Value Chain Of pharmaceutical Industry Karachi: The Bullwhip Effect was an effect in forecast or demand driven distribution channels. Because customer ordering demand was very few perfectly stable, the businesses must be have forecast demand. Forecasts were usually dependent on technical data, and were rarely exact. Companies usually prefer to have avoided forecast errors by having a buffer stock. In this scenario there was a demand in stream from up to down with the variations in effects. Increasing global competition in the world market made the supply chain management more critical. Although people tried to avoid the influence of bullwhip effect, unfortunately, it always exists in every supply chains. Many researchers examined the bullwhip effect and managerial approaches to relieve bullwhip effect were also proposed. However, little research had been conducted on quantifying this effect and measurement of bullwhip effect still remains a challenging research direction Causes of Bullwhip effect: There were following causes of bullwhip effect: Demand processing (in conjunction with long lead times): This referred to misinformation which may propagate up to the supply chain if only local information was used to take decisions under uncertainty. Long lead times could amplify this fact, since the longer the lead time, the higher the target inventory level set in the replenishment model. Batching of the Orders: Batching existed because companies look for economies (e.g. large quantities discounts, full truck shipments, etc.) or because actually resort to MRP systems, which were usually run on a monthly basis. Price fluctuations. When there were price fluctuations, upstream actors tend to concentrate their orders and build up stocks; then there would be place no orders in the following periods since large amounts of inventory. As a result, a stable demand pattern could be significantly altered, and the BE may arise. Lummus et al. (2003) studied the impact of price promo tions and other marketing initiatives on supply chain, while Rinks (2002) proposed a simulation study replicating the data structure of the Beer Game that showed that once a fluctuation was triggered, it may take more that 20 periods for the system to come back to a steady state. When price promotions were run on a regular basis, this implies a steady state could never be reached, and the systems behavior appears to be chaotic. Rationing and shortage gaming: When demand was larger than production capacity, the manufacturer rations products to its customers according to the size of the orders. If the customers recognize the rationing criterion, that would react by inflating orders, so to get the desired amount of products, and by later canceling the excessive ordered quantity. As a consequence, the manufacturer had a poor perception of the actual demand. Forward buying: Goods may be purchased in earlier stage of the actual demand to take benefit of cost promotions. Bullwhip Effect resulted in too many swings in various demands or inventory stocking points throughout the supply chain. This swing was also likely to be wider upstream in supply chain. Owing to the excessive swings and the amplification of demands, the Bullwhip Effect was a major concern for participants involve in a supply chain and marketing. The increase variability and uncertainty required each member to increase the level of stocks in order to maintain established service levels causing increased inventory holding costs due to overstocking throughout the supply chain, and lead to insufficient use of resources and eventually results in poor customer service and profitability. Because of the bullwhip effect had the detrimental impacts on the performance of the whole supply chain; many researchers had attempted to identify possible causes of bullwhip effects. 1.3 Pharmaceutical Industry Karachi: In Pakistan, there were around 400 pharmaceutical companies operating under the umbrella of pharmaceutical industry. Including 30 multinationals and who had good enough market position while others were local generic companies, now a days the situation was totally changed the local companies were emerging in the pharmaceutical market because of their cheap technology and labor as well as there were not bound to procure raw materials from the validated plants by higher authorities in this way, captured profit and focus on sales increase rather than qualities,. So in order to calculate the bullwhip effect in the pharmaceutical industry which was the main cause of sales fluctuation had focused on pharmaceutical industry. Towards market potential then usually had seen that the pharmaceutical industry was good for many therapeutic segments including anti-biotic, vaccines, and analgesics, anti cancerous or hematological drugs. Through the geographic survey the Health sector had budget ar ound 40 billion, which merely increased every year by 15 16 percent. The existing network of those people related to medical representatives consisted of about 1000 hospitals, about 100 maternity and child birth centers and around 300 tuberculosis centers etc. Pakistan pharmaceutical industry was composed largely on multinational companies which were producing marketing research based or innovative products and also other small or bigger local companies which were predominantly produced and market generic products in Pakistan. There were many economic drives and some of them were illustrated down the line: Awareness Programs on issues related to health and realization amongst the population for the same Health securities by the emphasis of government Marketing research data by national companies Increase per capital income which provided high disposable income for health related matters Large population of Pakistan Export opportunities Production process improvement New generic molecules by cheaper raw materials Cheap raw material sources from abroad Chinese machinery system for manufacturing the products New generations entrepreneur in the local companies Increase in sales and marketing expenditures Doctors prescriptions were the main source of sales in pharmaceutical industry 1.5 Healthy Competition of Pakistan Pharmaceutical Industry: The Pakistan pharmaceutical industry was increasing day by day in growth. The utility rates and other factors of production have been increased in steady rate over the last couple of years. Prices of drugs were increasing since 2008 and china revoking its export by supplying to Pakistan. Here the point should be well noted that the china and India were exporting their raw materials and different and unique machineries to Pakistan in a huge quantity. Mostly the machineries were imported from China, Taiwan, Korea, India, Germany, UK, USA and Japan besides other countries 10% of the demand was fulfilled by the local fabricated equipments. Furthermore, World trade organization had shown a significant impact on pharmaceutical trade in shape of National treatment programs in which other parties get tender through WTO and in return their sales increases, another option was harmonization of standard through ICH guidelines which required intensive capital requirement to come to the pharma i ndustry business last but not the least was the TRIPS agreement in which the patented documents were there and generic manufacturing companies cannot come under this unless and until would had patents for their own product or molecule. In view of above factors organizations had to make themselves stronger to capture the pharmaceutical market in Pakistan and grow in the same field. One of the backbones factor was information system in pharmaceutical industry which was the main or core system that should be smooth to carry out the process in the industry because it did not had any physical existence in pharmaceuticals. Information connected the serve between various stages in manufacturing or marketing or supply chain in pharmaceutical industry which coordinated and brought new and innovative ideas to maximize the sales in pharmaceutical industry. Also, in order to perform the daily operations in the processes. The coordination occurs when all the processes in the supply chain w ere performed under secure and beneficial information that boost the sales in pharmaceutical industry. The information sharing process was involved in each and every stage of the operations and reduces the losses in the supply chain. Another important matter was forecasting which was the art and science of making projections about future demands and circumstances would be in the pharma industry. Future sales could be depicted through the forecasting techniques in the pharma industry. The company made a plan to act on the forecast. The forecasting technique should have been perfect and accurate so that the demand could be fulfilled to the customers. Any ignorance in the supply chain could bear losses in huge so the forecasting should be done in a well mannered to avoid any shortages in the market for fulfilling customers demand. Pricing was a process of gaining profit for a firm that how much had charge to the customers for their goods or services. Demand and supply information wa s a special input for pricing in pharmaceutical industry. A firm had to understand the impact of pricing and the competition amongst the competitors due to prices of the products. For effective revenue management the supply chain must have good information about the products and their pricing strategy. CHAPTER 2 LITERATURE REVIEW Frank Chen (1998) summarized the study on enumerate the effect of the bullwhip in a simple way of supply chain and the affect of predictions, due time, and sources. The author quantified the bullwhip effect by using retailer and a single manufacturer and emphasized on the causes of the bullwhip effect in which focused on the demand forecasting and order lead times. Author focused on determining the impact of demand forecasting on the bullwhip effect and secondly, not only to find out the presence of the bullwhip effect, but also to quantify and measure the bullwhip effect, i.e., to quantify the increase in unpredictability or variability at each stage either in retailer, manufacturer or wholesaler side. In this research author had used the retailer information and observed the level of inventory system and their way of ordering to fulfill the demand and if there were any unfilled demand then those demands were backlogged, and also focused on the lead time between an order placed by the retailer and the fulfillment of the order. Lee et al. (1997a, b) identified the five main reasons of the bullwhip effect that were the use of demand forecasting, supply shortages, lead times, batch ordering, and price variations while most of the previous research on the bullwhip effect had focused on demonstrating its existence, identifying its possible grounds that creates bullwhip effect, and the methods of reducing its impact. Lee et al. also suggested the process of centralization of the demand information in each step of the supply chain with full, proper and complete information to fulfill the customer demand. Lee et al. (1997b) studied the measurement of demand by the use of retailer and the lead time and also analyzed the bullwhip effect. The author had also focused on the inventory Policy and forecasting technique which assume that the retailer followed a simple order-up-to inventory policy, also focused on the forecast error while taking the order-up-to point. Not only their findings and studied on the forecasting error and the inventory policy, the author had also studied the relationship between the two quantities. Hax and Candea (1984) studied that after the findings, authors came to the conclusion that it was more appropriate to calculate the inventory policy based on the former quantity. It was also focused that the forecasting was a major variable that could be used to measure the existence of bullwhip effect so this paper also focused on the same concept. To measure the bullwhip effect the author also had determined the variance of the orders placed by the retailer in the direction of the producer relative to the difference of the required goods faced by the vendor where authors have assumed. The important point to understand that the smother the demand forecasts the smaller the increase in variability / deviation and the increase in the variability of orders from the retailer to the manufacturer was a growing purpose of the fro nt time factor. Lee et al. (1997) suggested that one remedy made demand information at a down direction site obtainable to the upstream location. Centralized demand information was a great strategy for reducing the magnitude of the bullwhip effect. i.e., the demand information should be available at every step of the supply chain process or manufacturing till marketing to make customer demand information available. Although it was also a fact that the bullwhip effect still exist even had a centralized demand system by the retailers. That is, even if each stage of the supply chain had complete knowledge of the demands seen by the retailer, the bullwhip effect would still exist. The result in the research paper demonstrated the following three major points of views: All required demand information was centralized Every phase of the supply chain used the identical forecasting technique, and Every stage used the same inventory policy; there would still be an increase in vari ability at every stage of the supply chain. In this paper Lee et al. had demonstrated that the phenomenon known as the bullwhip effect was due to the effects of demand forecasting. More importantly, authors had shown that providing each stage of the supply chain with complete access to customer demand order information could considerably reduce this increase in variability. However, researcher also had shown that the bullwhip effect would still exist even when demand information was shared by all stages of the supply chain and all stages use the same forecasting technique and inventory policy. Even though the retailer had complete knowledge of the observed customer demands, as a result, the manufacturer observed an increase in variability. Indeed, the author had also believed that when evaluating the bullwhip effect it was most appropriate to consider inventory policies and forecasting techniques that were used in practice. Alderson (1957) distinguished and recognized that the interdependence between companies business activities in marketing channels. Forrester (1958) also acknowledged the association and linkages between business activities in marketing channels, e.g. in terms of the communications and connections among the flows of information, resources, wealth, and human resource, and assets gear. Weld (1916) stressed the significance of concentrating on the distribution channel as a whole. Mentzer et al., (2001) addressed the fact that the supply chain from the spot of beginning to the spot of spending. Furthermore, Xu et al., (2001) said that SCM required co-operation and co-ordination between companies activities and resources in a supply chain. Towill, Lee and Billington, (1992) studied that the otherwise, the variability of business activities in a supply chain tend to be amplified as it was moved upstream in the supply chain. Lee et al. (1997a) wrote that the variability of the orders may be greater than that of the sales and the fluctuation tends to rise up as one move upstream in the supply chain. Lee et al. (1997b) also claimed that the information transferred tends to be indistinct and could mislead upstream associated in their accounts and manufacture decisions. This phenomenon was referred to in literature as the bullwhip effect. In fact, practitioners and consultants had struggled to treat with the bullwhip effect, e.g. in the automotive, textile, and retail industries. In the retail industries the terms quick response and efficient consumer response was usually used. Fernie (1994) also demonstrated that those terms, or business philosophies, aim at reducing the unpredictability or variability in supply chains and in the end improves the productivity, profitability, cutting costs and increases the overall presentation or performance of the companys business. The bullwhip effect indicated that the stocks and inventories in the supply chain tend to be higher or greater in the upstream than downs tream, e.g. effects were caused by factors such as deficient information sharing, insufficient market data, deficient forecasts or other uncertainties or unpredictability.
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