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Managerial Economics (Questions and Answers)

  1. Visit the websites of accounting firms such as Ernst & Young and Price Waterhouse  Coopers and  accounting  bodies  such  as  the Chartered  Institute  of  Management  Accountants (CIMA)  and obtain information on the role of management accountants. Compare that information with the information discussed in this topic 1. Discuss in detail.
  2. Based on the performance, such you have been provided along with the given information regarding ABC Ltd for the year ended on date 31 December 2013:

    Labour hours                           Service cost ($)

    Highest activity level                     800                                         200,000

    Lowest activity level                      300                                         150,000

    Required

    Develop a net cost function based upon the above data utilizing the high-low method:

Instruction.

  1. Format your assignment using:
    1. Font Types : Arial / Times New Roman
    2. Font size : 10 / 12 with 1 ½ spacing and justified your answer.

No. of pages :  5 – 7 pages

Selection of Engineering Materials (Worked solution)

For one engineering component/system from the following list; write a report based on the requirement below.

  • High Pressure Turbine Blade (gas turbine engine)

The case study is divided into five sections. Sections one and two form the basis of the initial report. Sections three-five form the basis of the final report

You are required to answer all sections and structure your report following the section breakdown given. If you do not answer a section (or sub-section), you cannot get any marks for it.

Do not combine sections or sub-sections

Initial Report

Section 1

  1. Provide a review of how your component(s) functions as part of a system (5 marks)
  2. Describe the in-service conditions and loading modes that your components(s) operate under and therefore justify the material characteristics needed for your selected component(s). (10 marks)

Section 2

  1. Perform a material selection for your component(s) using CES software, so justifying the conventional material(s) used in your selected component(s). Use relevant material performance indices and CES selection charts. (10 marks)
  2. Review any surface considerations relevant to your component(s) (e.g. corrosion, wear,) and indicate how such issues are addressed for your component by appropriate surface treatment. (5 marks)

Initial report: presentation, structure, technical writing style and referencing: 10 marks

Main Report

            Section 3

  1. Provide a brief summary review of initial report as introduction to main report, justifying which material was selected previously (3 marks)
  2. Describe how the current (conventional material) material selected (in section 2a of initial report) & component geometry influences the choice of manufacturing routes that are feasible  (4 marks)
  3. Justify and review the current manufacturing route (7 marks).
  4. Relate how your selected manufacturing route imparts microstructural changes to the material and indicate how this may affect material properties (6 marks).

Section 4

  1. Discuss any alternate material(s) that could be used for your chosen component. Select an advanced material based on a combination of CES software justification and reasoned discussion/argument. Focus on advanced materials such as composites (polymer, metal or ceramic matrix), ceramics and high performance alloys as is relevant to the component(s) in question. (10 marks)
  2. Survey advantages and limitations of your selected advanced material for the component(s) concerned (5 marks)

Section 5

Justify a manufacturing route that could be considered for the component(s) in the advanced material(s) proposed in section 4. (10 marks).                                                                                                                          Note: You should describe how your particular component is to be manufactured in the advanced material, not just how the material itself is derived in bulk form.

Main report: presentation, structure, technical writing style and referencing: 15 marks

Engineered Nanomaterials ( Literature review)

Address the following in your work

Abstract (150 words)

Background and industry overview of engineered nanomaterials (250 words)

Exposure control strategies (250 words)

Nanotechnology processes and engineering controls (250 words)

Hazard control evaluations (150 words)

Health hazards associated with nanomaterial exposures (150 words)

Conclusions and recommendations (200 words)