Economics - Assignment Example | Topics and Well Written Essays - 1000 words

Economics - - Assignment Example It involves the element of comparing the total expected costs against the total expected benefits. To be precise it looks for one fact only; whether the project is a gain project or loss project. The literature background for such study was that previous researches showed that programs designed for early childhood involvements effected child’s health and well-being beneficially. Good quality of involvements was directly related with improved health status, rational skills, accomplishment motivation and keenness at school. This study is the further extension of such results to check whether such programs do influence children positively or not. For the CBA the research was carried out in Chicago Child- Parent Centers located in Public schools. These centers are believed to provide educational and family support services to low -income children between the ages of 3 to 9. The data collected was from 1,539 programs and a comparison group of children selected who were born in 1980 . These children were the participants of Chicago Longitudinal Study. The measures of program participation were considerably but not only associated with higher school achievement and with higher school completion and also with lower rates of remedial education services, juvenile delinquency which is popularly known as youth crime and children maltreatment which means treating children abusively. The economic analyses showed that the economic benefits of the pre- school participation and School- going participation exceeded the costs. This indicated that a public program established for such things proves to be beneficial. If the article is critically analyzed, one would find strengths and challenges within it. The strengths would show the strong points in the argument of the article and the flaws within the argument. The strengths of the article can be analyzed in the following way: I. The first recognizable strength of the article is that it gives CBA of such programs which promi se to play a positive role in a child’s health and well -being. Different benefits of these programs are listed in such an order that they give a comprehensive insight into the benefits of early childhood programs. The program benefits are termed as ‘reductions in expenditures for remedial services’, ‘increase in lifetime earnings, compensation, and government tax revenues’, ‘reduction in expenditures in the criminal justice system for youth and adult program, ‘reduction in tangible expenditures to crime victims of youth and adults and ‘reduction in expenditures for the child welfare system and the victimization form the child abuse and neglect’. The analysis is a comprehensive analysis of such programs, with the help of research methods and data collection; the benefits stated add an objective element to it. The literature part and the analysis part seem to go hand in hand because of the mutual argument. The analysis part is basic strength of the article because of the systematic listing of the benefits. The findings add to the knowledge about the welfares of early childhood programs for low- income children. II. Secondly the research itself lies down as the literature review for the future analysis and researches. The results stated prove to be the background for the researches to be carried out in the same field. Results are brought out in such dimension that they promise to be valid and reliable; thus fulfilling the quality of

Evaluate the application of revenue management practice in the hotel Essay

Evaluate the application of revenue management practice in the hotel industry and discuss its impact on customers in the hotel industry; - Essay Example dification in the general handling of revenue management, inventory allocation, pricing strategy, use of information and channel management as concerns to revenue management tend to redefine the field. Similarly to how detailed past analysis might have a representation of the best pricing practice during the 1990s, apparently, the stock market-impacted algorithms exist in the cutting edge of modern pricing thought. Comparably, the highlighting on occupancy or average day to day rate, which might have dominion over revenue managers’ outlook over two decades ago has led to the dominance of revenue per available room i.e. RevPAR. Instances like this abound hence this article will endeavor to share all of the revenue management expertise with readers, in a series examining the modern revenue management’s best practices (Kimberley, Trevor & Juston 2008, p.12). Pricing tends to a feature of revenue management, which features a number of intriguing, as well as innovative developments recently. Whereas pricing has continues to be a significant driver having an effect on both occupancy, along with RevPAR, in the present environment surrounded by exceptional price transparency, rates have taken an even bigger role. Ascertaining the optimal rate to give to a potential customer tends to be one of the most significant concepts of revenue management. The basic fact that the appropriate rate- one that achieves the balance between replicating enough demand in maximizing occupancy, while at the same time, not deserting money on the table within the form of low down ADR turns out to be the key to a profitable revenue management strategy causing pricing perhaps the most significant concept of revenue management. Then how is a hotel capable of determining what the best rate has to be any time? In the past, this would center on historical analysis, while , at the same time, computed by the application of a discount to a fixed rack rate. In this case, there is no achievement of