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    Mikel wrote a new post, TCP Incast Problem on Data centers in Cloud Computing 5 years, 6 months ago

     

    In previous posts, we discussed cloud computing and its business models. Today, we are going to learn about effects of TCP Incast Problem on Data centers in Cloud Computing and solution for TCP […]

    • I am not too much into Cloud COmputing but this post is well written, and with good explanation.

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    Mikel wrote a new post, What is cloud computing 5 years, 6 months ago

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    Cloud computing meaning
     

    Cloud computing implies sharing access to resources through the connected devices of the users anywhere in the world at any time. It revolves around the use of virtualization to […]

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    Mikel wrote a new post, Reverse Logistics In Supply Chain Management 5 years, 8 months ago

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    Define Reverse Logistics
    Reverse logistics is the last part of the SCOR model. By definition it means from the point of consumption to the point of initiation, but what?

    It can even be a customer’s feedback […]

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    Mikel wrote a new post, Logistic Procurement 5 years, 8 months ago

     

    Logistic procurement is all about purchasing of logistic services. For example, car rental service, carrier service, etc.

    This area is now a day’s very commonly used in organizations in order to reduce […]

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    Mikel wrote a new post, Green Logistics – Supply chain management 5 years, 8 months ago

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    What is green logistics?
     

    As discussed in previous sessions, logistics is the movement of products, services and information throughout the supply chain with the help of interconnected and integrated […]

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    Mikel wrote a new post, Drivers of supply chain excellence 5 years, 8 months ago

     Drivers of supply chain excellence
     

    In order for a company to achieve excellence in its supply chain, they need to follow and implement six drivers of supply chain excellence.

     

    The six drivers of the […]

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    Mikel wrote a new post, Third party Logistics (3PL), Services & Quality 5 years, 8 months ago

     

    Third party Logistics (3PL):

    Third party logistic is a concept in which a company outsource its logistics to another company or makes them a strategic partner whose core competency is providing a logistic […]

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    Mikel wrote a new post, Buyer and Supplier agreement in SCM 5 years, 8 months ago

     

    There are 5 different scenarios when considering buyer and supplier agreement. Usually, in such scenarios, the buyer and the seller belongs to different countries.

    These scenarios are as […]

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    Mikel wrote a new post, Plant facility, Plan and Location in SCM 5 years, 8 months ago

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    When a company decides to build an industrial plant it needs to take care for the following things:

    The plant should be near to port (if available) or it should be near to the exit point of that […]

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    Mikel wrote a new post, Logistic Management & Deliver driver of SCOR Model 5 years, 8 months ago

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    Logistic Management:

    The movement of goods / services from one point to another point or from the point of initiation to the point of consumption by proper forecasting, by defining sequential flow along […]

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    Mikel wrote a new post, Demand Planning and Supply Planning 5 years, 8 months ago

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    Demand Planning:
    Demand planning (DP) is the initial part of the SCOR model. It pulls the chain of supply chain. Basically, demand planning covers the forecasting part of any product. Which means, how much a […]

    • @Mike This blog would be useful for Web designers for suppliers. Hope it will get many views.

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    Mikel wrote a new post, Scor model supply chain 5 years, 8 months ago

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    Supply Chain Management:
     

    Before getting into the details of Scor model supply chain, you first need to understand te definition of supply chain management. Supply chain management is a terminology which […]

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    Mikel wrote a new post, Income Elasticity and Cross Price Elasticity of demand 5 years, 8 months ago

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    Income Elasticity of demand:

     

     

    If the quantity demand of a commodity varies due to the variation in the income of an individual, then this will be known as income elasticity of demand. In such […]

    • You sure sounds like my economic professor.
      he keeps on talking about elasticity, and most of us are sleeping through his lessons.

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    Mikel wrote a new post, CLASS12_4 Gather Database Optimizer statistics using DBMS_STATS 5 years, 8 months ago

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    Previously we have a discussion that why we need to collect optimizer statistics? How this work with our database to maintain best query execution plan?  We have learned that how can we collect or update […]

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    Mikel wrote a new post, Demand, Supply and Elasticity 5 years, 8 months ago

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    Demand is basically the requirement or the need of the customers who have the buying power to purchase certain goods. Whereas, supply is related to the manufacturer or producer of those goods / services in […]

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    Mikel wrote a new post, Effect of change in demand and supply 5 years, 8 months ago

     

    Due to change in the demand and supply of the product, there is also change in its quantity and price. This relationship can be best analysed through the following four scenarios:

    The change in the demand […]

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    Mikel wrote a new post, Law of Demand & Supply and Equilibrium 5 years, 8 months ago

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    Law of demand:

     

    According to the law of demand, when price of good is increased, then the quantity demand automatically decreases, provided we have ceteris paribus or caeteris paribus which means that […]

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    Mikel wrote a new post, Business Economics and Analysis 5 years, 8 months ago

    ThumbnailEconomics is a social science, study of human behavior that is formed by the economic activity. By social science, it means a relationship, whereas human behavior involves your brain.

    Commodities are of two […]

    • Economics is one of my favorite subjects when I was studying in college. This is one of my subjects in my commerce course, especially the freshmen. I remember that we had the thorough discussions about wants and needs, commodities, entrepreneurship, among others.

      I also remember the types of commodities the producers or the entrepreneurs to offer. So they could be seen or tangible and they couldn’t be seen or intangible. Thus, we come out the definition of economics is a science of providing the people of their wants and needs according to their demands.

      Wants may be important or not. But needs are necessities. For without them, the consumers or the people may not live or exist. So they may be referred to foods, medicines, among others.

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    Mikel wrote a new post, Causal data analysis by Granger Causality Test in EViews 5 years, 8 months ago

     

    As we have learned in previous posts, that, causality defines the relationship between two variables. In this section, we will test the relationship between two unidirectional variable by using Granger […]

    • 3.84 is the criteria for F value to test which hypothesis is accepted. This is a globally verified criteria and this is how it is.

    • 3.84 is the criteria for F value to test which hypothesis is accepted. This is a globally verified criteria and this is how it is.

    • Sound deep to me.
      What is this method used for? I doubt the banks use it to analyze products or sales.

    • hmm nice

    • Sounds like a very complicated formula to understand. I tried but did not fully understand the model. I hope this works for you.

    • Great and detailed technical overview.

    • Great. Thanks

    • wow that is great work and well written articles thanks for the details

    • Pardon me for I find it too dark to understand what you are talking about Granger causality test eviews. I know you are presenting some steps on how to follow and get the results. But what we need is the background of this eviews. Where is the appropriate application or use of this test?

      Is this about a mathematics? Physics? Or whatever? I noticed that most of those who have left their comments are in big quandary, in a state of confusion. What we are actually expecting is something that we could put our opinion for that subject that we have known, for the facts that we could infer their applicability.

      I wonder why that the admin has approved this kind of post which most of us here couldn’t benefit. I am not saying that it would be recalled. In a simplest term, we need a background to where this is being applied. If there is, sorry if I missed it.

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    Mikel wrote a new post, Concept of Causality and Causal Variables 5 years, 8 months ago

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    Causality is the relationship between two variables, the first being cause and the second being effect. There are two types of causality relationship between these variable, bidirectional causality and […]

    • I love it when I read something and actually learn something. Greatly informative, thank you for posting.

    • What is casuality, you can be a causality of something which you don’t expect, there is accidental causality, fire causality, water both misharp causality, and so many other things you can mention,

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