PBA Murr vs Wisconsin Case Analysis

PBA Murr vs Wisconsin Case Analysis Adem Mehmetaj I. The question being asked is should two legally distinct but commonly owned contiguous lots of land be combined for takings analysis purposes? Joseph P. Murr and his family bought 2 lots approximately the same size and at different times. The issue before us is that Murr no longer wishes to hold one of the lots and St. Croix rules that he is not allowed to sell only one of the lots due to environmental concerns. Petitioners claim that state and federal courts are in substantial conflict with respect to the issue at hand and cite numerous cases in an attempt to derive support for their proposition. Those cases as well as the examples provided below all involve different facts and circumstances. They confirm that a flexible, ad hoc, approach has consistently been used by the lower courts to define the relevant property and to determine whether compensation is due. The Wisconsin appellate court ruled that because the two lots are contiguous, and happen to be owned by the same people , this Courts parcel as a whole rule from Penn Central requires combining the two parcels for takings analysis. From the Murrs perspective, Lots E and F are two separate parcels, created as legally separate lots, taxed separately, and purchased separately. The lots were never developed together, and were purchased for completely different reasons. Nevertheless, because the Murrs own both parcels, the Wisconsin court ruled that these two parcels combined were the Murrs parcel as a whole. This conclusion was driven by the contiguous ownership. II. The parents of Joseph P. Murr and his siblings (the Murrs) purchased two adjacent lots (Lots E and F) in St. Croix County in 1960. The two lots together made up approximately .98 acres. In 1994 and 1995 respectively, the Murrs parents transferred Lot F and Lot E to their children. In 1995, the two lots were merged pursuant to St. Croix Countys code of ordinances. The relevant ordinance prohibits the individual development or sale of adjacent lots under common ownership, unless an individual lot was at least one acre. The ordinance further specified that if each lot is not at least one acre, the lots may be measured together to equal one acre. Seven years later, the Murrs wanted to sell Lot E and not Lot F. The St. Croix County Board of Adjustment denied the Murrs application to sell the lots separately. The Murrs sued the state and county and claimed the ordinance in question resulted in an uncompensated taking of their property and deprived them of all, or practically all, of th e use of Lot E because the lot cannot be sold or developed as a separate lot. The circuit court granted summary judgement to the state and county. The Court of Appeals of Wisconsin affirmed and held that the Murrs were not deprived of their practical use of the property. Nevertheless, Petitioners submitted their plan to the St. Croix County Board for consideration. The Board denied their plan and refused to make an exception to the longstanding regulations. Instead of modifying the plan or submitting a less-intrusive plan that complied with the existing regulations Petitioners filed this lawsuit alleging a regulatory taking. The Supreme Court confirmed the parcel as a whole rule in Keystone Bituminous Coal Association v. DeBenedictis, where coal operators asserted that a court should only consider the coal that could not be mined to determine whether a state law requiring them to leave a certain amount of coal in the ground amounted to a regulatory taking. The Supreme Court again endorsed the parcel as a whole rule in Concrete Pipe Products, Inc. v. Construction Laborers Pension Trust. There, Concrete Pipe claimed that a regulatory taking occurred when federal law required it to pay withdrawal liability to a pension trust. In 2006, the Murrs brought suit in St. Croix County Circuit Court, which ruled against them and affirmed the Zoning Boards decision denying the variance to sell or use the two lots as separate building sites. The Murrs claim that since Lot E and F were created as legally separate lots purchased separately for different purposes and taxed separately, they should also be able to sell them separately. The Murrs reject the claim that Penn Central v City of New York[1] established a rule stating that two legally distinct properties should be considered as contiguous parcels. Under Penn Central, to determine whether a particular government action has accomplished a taking, courts are to focus both on the character of the action and on the natur e and extent of the right interference with rights in the parcel as a whole. [2] On appeal in 2011, the Wisconsin State Appellate Court once again upheld the boards decision. It held that the two lots are contiguous and also happen to be owned by the same people, so implementing the Courts parcel as a whole rule from Penn Central does in fact require combining the two parcels for takings analysis. Furthermore, the Court of Appeals rejected the petitioners notion that the lots had not merged as a result of the Grandfather Clause because the lots were already subject to the 1976 environmental regulation when they had been merged under joint ownership in 1995. The Appellate Court ruled that it was not a taking because the Murrs property, taken as a whole, could be used for residential purposes, among other things. [3] The circuit court had also stated that a year-round residence could be built on top of the bluff and the residence could be located entirely on Lot E, entirely on Lot F, or could straddle both lots. [4] III. The Takings Clause of the U.S. Constitution states simply nor shall private property be taken for public use, without just compensation. However, that clause has taken on a distinguished role in constitutional jurisprudence, notably with relation to the boundaries of state and native restrictive power. Any discussion of the Takings Clause ought to begin with the history that led to its enactment and therefore the approach case law has developed. The Takings Clause found its origin in Section 39 of the Magna Carta, which declared that land would not be taken without some form of due process: No freemen shall be taken or imprisoned or disseised or exiled or in any way destroyed, nor will we go upon him nor send upon him, except by the lawful judgment of his peers or by the law of the land. The Fifth Amendment was solely a restriction against the central. Whereas there have been some limits on the powers of the States before 1865, the Civil War caused the federal government to rest rict the powers of the state governments against their own voters through the passage of the Thirteenth, Fourteenth, and Fifteenth Amendments. The Fourteenth Amendment created restrictions to the States through Due Process clause. The Due Process Clause gradually shifted. One shift was procedural and was developed to assure that hearings and alternative governmental decision-making processes were conducted fairly. This review of the processes of government is understood as procedural due process of law. A second line of cases extended the boundaries on the federal government within the Bill of Rights to state and local government action exploiting the Due Process Clause. For roughly one hundred years after the passage of the post-Civil War amendments, The Due Process Clause judicial proceeding resulted in incorporation of a number of the restrictions on the federal government within the Bill of Rights to state and local actions moreover. The Supreme Court applied the Takings Clause of the Fifth Amendment to the States through the Fourteenth Amendment Due Process Clause in Chicago Burlington and Quincy R.R. v. City of Chicago, 166 U.S. 226 (1897). Beginning with Mugler v. Kansas, 123 U.S. 623 (1887), during which the U.S. Supreme Court indicated that that Court may review, through the due process of law Clause, the substance of legislation. To review both the procedure as well as the substance of legislation can be referred to as substantive due process. This part of the Due Process Clause allows judges to second-guess state and local legislative decisions. Under substantive due process, a court may verify whether or not the ends and means of legislation were acceptable and whether or not the legislation was unduly oppressive to regulated parties.In Kelo v. city of new London, 125 S. Ct. 2655 (June 23, 2005), the question arose on whether or not the utilization of eminent domain alone for economic development purposes may be a valid public use. Any regulations placed on ones property does indeed infringe on their right of land. That does not mean however it can be deemed a taking. Takings Clause is tricky, because it is not always clear what is a taking and what is not. The unclear interpretation of what a takings is expected to remain in an unpredictable path. IV. St. Croix County and the State of Wisconsin cite numerous environmental interests with the regulations in question. According to the St. Croix County Zoning Board, granting the Murrs the variance could result in yet another residence with access to the river, additional tree cutting and excavating, and another sanitary system in an area with serious limiting factors. We must discuss if these environmental interests are legitimate in preventing landowners from selling. We must decide to either uphold or reverse the Appellate Courts decision that Penn Central, whose building and airspace were considered contiguous parcels, establish a rule that is applicable to the case in question. Furthermore, we must decide if under Lucas v South Carolina Coastal Council,[5] in which the land essentially useless, the Murrs could be entitled to Monetary compensation. Congress enacted the National Wild and Scenic Rivers Act (Act) in 1968 to preserve certain rivers for the enjoyment of present and future generations, to wit: It is hereby declared to be the policy of the United States that certain selected rivers of the Nation which, with their immediate environments, possess outstandingly remarkable scenic, recreational, geologic, fish and wildlife, historic, cultural or other similar values, shall be preserved in free-flowing condition, and that they and their immediate environments shall be protected for the benefit and enjoyment of present and future generations. The Congress declares that the established national policy of dams and other construction at appropriate sections of the rivers of the United States needs to be complemented by a policy that would preserve other selected rivers or sections thereof in their free-flowing condition to protect the water quality of such rivers and to fulfill other vital national conservation purposes.[6] Under both cases, I suggest that we uphold the Boards original decision in 2005. As the circuit and appellate courts both stated, aft er the lots were placed under common ownership as contiguous parcels, they are subject to the countys current zoning regulations. In 1986, Lucas bought two residential lots on the Isle of Palms, a South Carolina barrier island. He intended to build single-family homes as on the adjacent lots. In 1988, the state legislature enacted a law which barred Lucas from erecting permanent habitable structures on his land. The law aimed to protect erosion and destruction of barrier islands. Lucas sued and won a large monetary judgment. The state appealed. Since unlike Lucas, the Murrs may build on both parcels and sell them together for a reasonable price, there is no need for compensation. Furthermore, the Countys environmental interest outweighs that of Murrs. Just v. Marinette County, 56 Wis. 2d 7, 201 N.W.2d 761 (1972), a shoreland zoning ordinance established a conservancy district over wetlands within 1,000 feet of a lake and prohibited any filling without a permit. This, in effect, prev ented the changing of the natural character of the land à ¢Ã¢â€š ¬Ã‚ ¦.[7] The landowner asserted the ordinance was unconstitutional because it amounted to constructive taking without compensation. The court disagreed, finding the ordinance a valid exercise of the police power to protect navigable waters and the public rights therein from the degradation and deterioration which results from uncontrolled use and development of shorelands.[8] In Penn Central, New York Citys landmark preservation interest outweighed the use of airspace as a skyscraper. V. Based on the foregoing, we conclude the circuit court properly granted summary judgment in favor of the County and State of Wisconsin. The undisputed facts establish that the Murrs property, viewed as a whole, retains beneficial and practical use as a residential lot. Accordingly, we conclude they have not alleged a compensable taking as a matter of law. Bibliography Brown v. Board of Education of Topeka, 347 U.S. 483 (1954). Chicago, B. Q. R. Co. v. Chicago, 166 U.S. 226 (1897). Just v. Marinette County, 56 Wis. 2d 7, 201 N.W.2d 761 (1972). Kelo v. New London 545 U.S. 469 (2005). Lucas v. South Carolina Coastal Council 505 U.S. 1003 (1992). Magna Carta, Chapter 39, June 15, 1215. Mugler v. Kansas, 123 U.S. 623 (1887). Murr v. Wisconsin, Oyez, https://www.oyez.org/cases/2016/15-214 (last visited Dec 19, 2016). Nectow v. City of Cambridge, 277 U.S. 183 (1928). Penn Central Transportation Co. v. New York City, 438 U.S. 104 (1978). Slaughterhouse Cases, 83 U.S. 16 Wall. 36 36 (1872). United States v. Carolene Products Co., 304 U.S. 144 (1938). Village of Euclid v. Ambler Realty Co., 272 U.S. 365 (1926). [1] Penn Central Transportation Co. v. New York City, 438 U.S. 104 (1978). [2] ibid. [3] Murr v. Wisconsin, Oyez, https://www.oyez.org/cases/2016/15-214 (last visited Dec 19, 2016). [4] ibid. [5] Lucas v. South Carolina Coastal Council 505 U.S. 1003 (1992). [6] Murr v. Wisconsin, Oyez, https://www.oyez.org/cases/2016/15-214 (last visited Dec 19, 2016). [7] Just v. Marinette County, 56 Wis. 2d 7, 201 N.W.2d 761 (1972). [8] ibid.

Cable Tvs Impact In Their Academic Performance Media Essay

Cable Tvs Impact In Their Academic Performance Media Essay Abstract World has become global village due to rapid development in media, especially in electronic media. Cable TV plays pivotal role in giving educational facilities and spreading information in our society. It has both positive and negative impact on students performance. The main objective of the present study will be to study the perception of the students regarding impact of cable TV in their extracurricular activities. The universe of the present study will be city D.G Khan. Multistage sampling technique will be used for the selection of 120 respondents. There are five sub campuses of universities working in D G Khan. At the first stage, two out of five will be selected through simple random sampling technique. At the second stage 60 students will be selected randomly from each sub campus. The selected students will be interviewed by the well structured questionnaire and the data will be analyzed through appropriate statistical technique. The obtained results would be utilized for the recommendation that will increase the credibility of students. Television is result of technical development of early twenty century. Today, Cable TV has reached in almost every house. International TV channels are available 24 hours which is affecting the attitude and the life style of majority of the people, especially children. The impact of cable TV on students and children is both negative and positive. It depends on the selection of channel and the time spends for watching Cable TV. Cable TV plays role in giving education, entertainment and awareness, students and children are more concerned with the entertainment. Thats why they think that cable TV is an effective medium of entertainment. It gives cultural awareness, leadership ability, and communication skills, but students are used to spending time on watching entertainment programmes instead of watching educational channel when they want to escape from studies (Henning, 2006). In todays life cable TV has gained lot of importance. It is serving as a main source of entertainment. People not only watching it in spare time instead they save time from their busy life for it. Beside it, Cable TV has an impact in the development of the psychological feature of personalities. The programmes of foreign countries on cable TV depict their own way of life and culture through the transmission of programmes on cable TV. Culture of different societies is being diffused within the societies (Nisar, 2002). Electronic media has power to influence human mind, especially it effects the mind of children because foreign channels depict their own cultures, on the protest of providing entertainment, seek to confuse, subvert and change the social values of the younger generations in foreign lands (Sheher, 2003). Cable TV is working as a source of spreading information, education and entertainment. Our social, political and economically issues are also highlighted and people are motivated to actively participate in solving the social problems effectively (Nisar, 2002). Importance of the Study Dera Ghazi khan is much developing and remote in physical infrastructure but educationally it attained a better position especially its Tehsil Taunsa, has a prominent literacy ratio in the district as well as in the province. Presently attraction for Cable T.V is increasing day by day and many networks are working efficiently to defuse knowledge, skill, culture of different nations and countries in all parts of our country and Dera Ghazi Khan is also include in this walk. It has both positive and negative impact especially on students. Thus the present study has been design to investigate the following objectives. Objectives: To study the perceptions of the students regarding impact of cable TV on their curricular and extracurricular activities. To determine the relationship between study hours of students and time watching cable TV. To lay down appropriate policy measure that will increase the creditability of cable for students. v) Review of Literature: Shariffadin (1995) focused at social, cultural and economic issues faced by developing countries due to the new technology. He found that new communication era should not be perceived as purely technological phenomenon. It brings change in the cultural and social pattern of the society. Kunkel et al (1999) observed that television/ cable plays an essential role about the sexual behavior of the children and adults, and it is necessary to study the sexual practices/ trends which are shown on the television. They showed the sufficient trends of sexual behavior on the television. On the television screen discussions about sex and sexual behavior were continuous/ frequent. Most sexual practices are precursory in their sense like physically touching and kissing, and intercourse is also depicted ambiguously, one of the eight programmes of television. And the studies showed that television do not fulfill its responsibilities regarding social behavior. Fatima (2000) studied the impact of cable t v on peoples thinking. She concluded that our tradition is changing due to different foreign channels on the cable t v. So if we want to save our value and norms positive trends need to be introduced instead of glamorization, portrayal of crime and commercialization. Chaudhary (2001) concluded that cable TV has taken children in its grip. It is a source of bringing change in the childrens thinking. Children dont have ability to evaluate the messages from different cable TV programmes. So, they mostly spend their time on watching programmes like Zee Cinema, Star Plus, Star Movies and other entertainment channels. Parents are worried because of this habit of their children. They worried that their children will become completely obsessed with watching TV instead of playing and spend time in studies. Anjum Zia (2003) conducted a study to know the effect of cable T V programs on students. He found that youth is very vulnerable to change of attitudes through media programmes. From 300 respondents the results showed that young people only acquire entertainment from cable t v and majority of the college and university students had their own access to the cable t v and they spend 3-4 hours daily on watching cable t v. international information, programmes of general information, religious programmes, News and current affairs did not receive enough response rate. Fatima (2003) stated that the craze for cable TV is continuously increasing. She termed the Indian media as a powerful and destructive weapon. And by this India is trying its best to take away Pakistanis from the DAU QUAMI NAZREA (the Ideology of Hindustani and Pakistani) we all still remember the words of Sonia Gandhi. Now Pakistan has become a source of earning for India and India is trying to fulfill its political purposes, using the name of culture. Sheher (2003) stated that youth is a backbone of the country, and media was considered a source to develope their Psyche. So cable TV was a powerful source to contract with youth. The information which was downloaded by Internet was the Socio-Culture Impact of Cable TV on youth generation. Gender was considered as the construction and sex was considered Biological accident. The construction is done by planning, while the accidents happen. A large part of Pakistan youth was consumer of the Television programs. Youth was considered a profitable source for the private sector. It was very challenging then. Hussain (2004) said that children get certain facts of life mysteries contradiction tragedies and violence those were considered suitable for those to know. He continued that TV programmes and films had mostly violence and tragedy scenes, and in almost every home watched and generate social problems for people have no exception to children. In his opinion parents should check their children by watch TV with them on the timing and program watching should be for short time. He stated that and stressed that TV sets should be removed from bedrooms, monitoring on the websites they visits. Set the time period of such act ivies and find alternate activities for their children which would be very beneficial in the reduction of such negativity on the personality of children. He exclaimed that Television should be used as a baby sitter. Ansari (2005) stated that satellite channels are indispensably changing the perception of our productive youth. Apart for socio-political influence the programmes offered at different TV channels are by threat to our cultural survival. Laying the examples he further argued that Indian programmes are rigorously destroying the roots of our culture. There synthetic societies presented on the TV did not allow prevail anywhere. The luxuries and glamorous way of living presented on TV create material thrust among the young boys girls that inspire them to illegal ways of collecting the money. Shejawal and Purayidathil (2006) described that the affect of watching cable TV on academic achievement and mathematical reasoning was observed in a group of higher secondary students continuing 654 students (368 boys, 286 girls) from Maharashtra, India in both sexes, watching Cable TV with academic achievement had negative correlation while watching cable TV mathematical reasoning were only among boys negatively correlated. Poor were heavy viewers in comparison with light viewers in their academic achievement and mathematical reasoning. Significant gender difference was observed in both academic achievement and mathematical reasoning. TV watching explained 13% of variance in the academic achievement of the students. Li et al (2007) calculated the number of urban school aged TV viewing children and to observe their influence with sleep/wake patterns, sleeping time period and sleeplessness. It was concluded that in Chinese school-aged childrens bedroom had 18.5% and 18.3% cable or computer respectively. Presence of media and use of media in the bedroom were positively correlated with later sleeping and awakening times. It was found that watching cable TV is associated with sleep disturbance. Some affected sleep behaviors were bed time and awakening time on the weekends, then will check the sleeping time duration during the week days. And the sleep time disorders of bed time resistance and sleep wordiness/depletion. The presence of media in the childs bed room and media use had negative effect on the children sleep time and the wakens patterns. There is duration of sleep disorders. Johnst (2008) stated that in current situation that society access to different kinds of information is broadening. Television had become a key source to valuable and one of them is for, important information. It was found that the TV had negative impact on the children especially youth. It was concluded that the most of the criminal activities were increasing due to cable TV programmes among the students. vi) Methodology/ Procedure: The main objective of methodology is to explain various tools and techniques apply for data collection, data analysis and interpretation of data related to research problem. According to Nachmias and Nachmias (1992) The Scientific methodology is a System of explicit rules and procedures upon which research is based and against which claims for knowledge are evaluated. The universe of the present study will be city D.G Khan. Multistage sampling technique will be used for the selection of 120 respondents. There are five sub campuses of universities working in D. G. Khan. At the first stage, two out of five will be selected through simple random sampling technique. At the second stage 60 students will be selected randomly from each sub campus. The selected students will be interviewed by the well structured questionnaire and the data will be analyzed through appropriate statistical technique. The obtained results would be utilized for the recommendation that will increase the credibilit y of students. vii) Literature Cited: Ansari, S. 2005. Star Plus Injecting poison in Pak Household. The Daily Newspaper The News, September 8, Pakistan Chaudhary, A. W. 2001. Newspaper article. An engine of Social change. The daily Nation: weekly edition: The Review on May 6, 2001 Fatima, N. 2000. Effects of Satellite Channels (ZEE TV) on Middle Class of Lahore. M.A. Thesis, University of Punjab, Lahore. Page 60 Fatima, H. 2003. Indian Films Must be Band. The daily newspaper Nawa-e-Waqt, July 07, Pakistan. Henning, T. 2002. NYC High School Students Get Pull to the Challenge. The Telecommunication Industurys AIDs Action Organization. New York. Hussain, A. 2004. Pakistan: Effects of media on mind discussed. Media News Daily Dawn Johnst, H. D. 2008. The impact of TV on todays youth. OPPAPERS.com. http://www.oppapers.com/essays/Impact-Tv-Todays-Youth/151232 Kunkel, K., M. Cope and E. Biely, 1999. Sexual messages on television: Comparing Findings from tthree stydies. Journal of Sex Research, Volume 36, Issue 3, Pages 230-236. department of Communication, Univ. of California Santa Barbara, United States. Li, S., X. Jin., S. Wu., F. Jiang., C. Yan and Shen, X. 2007. the impact of media use on Sleep, 1:30(3):361-7. Shanghai, Peoples Republic of China. Nachmias, C. F. and D. Nachmias. 1992. Research Methods in Social Science Published by Edwards Arnold. A division of Hadder and Stoughton. London. Nisar, A. M. 2002. Cable operators should promote our social value and cultures. The Daily newspaper The News Sep. 16 Shariffadin, T. M. A. 1995. New Communication Era: Economic, Social and Cultural Consequences for Development Nations. Media Asia: An Asian Mass Communication Quarterly, 20.pp 183-197. Sheher, B. 2003. Cable TV Scenario. Daily Newspaper The News Sep. 17 Shejawal, B. R. and J. Purayidathil. 2006. Television viewing of higher secondary students. Psychology and Developing Societies, 18(2): 201-213. Signatures: Student: Seema Munir __________________ Supervisory Committee: Miss Sumaira Bano (Chairperson) __________________ Mr. Muhammad Ali Tarar (Member) __________________ Mr. Muhammad Imran (Member) __________________ Forwarded: __________________ Head of Section Social Sciences and Rural Development College of Agriculture Dera Ghazi Khan Faculty Scrutiny committee: ______________ _______________ a) Dr. Shafqat Nawaz b) Dr. Muhammad Mudassar Maqbool ______________ ______________ c) Mr. Muhammad Shahid Nisar d) Dr. Fida Hussain Forwarded: _________________ Principal College of Agriculture Dera Ghazi Khan Sub-Campus University of Agriculture Faisalabad

Empress Wu :: Biography

Empress Wu Empress Wu is also known as Wu Hou, Wu Chao, Wu Zetian, or Wu Tsà ª T’ien (â€Å"Emulator of Heaven';). She was born in the year of 625 AD. She was born and raised in China during the Tang dynasty. Empress Wu was the daughter of Wu Shih-Huo, a rich and noble merchant at the time. The Tang Dynasty was a time of relative freedom for woman. Since Empress Wu lived during that period of time, she was well educated at home. Like most other rich and noble people of her time, she was taught to play music, write, and read the Chinese classics. Empress Wu started out as a low-ranking concubine of the emperor of the Tang court, T’ai Tsung. She was well known for her beauty, wit, and intelligence, and so that was why she was recruited to the Tang court at the early age of 13. It was the year of 638 AD when she was recruited. Soon after she was recruited to the Tang court, she went from a low-ranking concubine to his favorite concubine. When T’ai Tsung died in 652 AD, Empress Wu mourned his death and traditionally, she shaved off all her hair and became a nun. Meanwhile, in the Tang court after T’ai Tsung’s death, T’ai Tsung’s son, Kao Tsung, became the emperor of the Tang court. Kao Tsung’s empress, Empress Wang, was jealous of a new concubine that Kao Tsung gave much affection to. Her name was Hsaio Shu-Fei. She then ordered Empress Wu to grow her hair back and come back to the Tang court. She did what she was told and came back. Empress Wang’s plan was to take away the affection that Kao Tsung gave to Hsaio Shu-Fei. Empress Wang’s plan worked, but it also backfired on her. Empress Wu got Kao Tsung’s affection, but still, Empress Wang was not satisfied because she still didn’t get any affection. So then Empress Wang became jealous of Empress Wu and tried to get rid of her as well. Empress Wang’s jealousy grew when Empress Wu gave birth to a baby girl for Kao Tsung. Empress Wang panicked and tried to spread rumors about Empress Wu, but Empress Wu was too clever for that. In order to become the empress of Kao Tsung, she had to find a way to get rid of Empress Wang. So then she killed her own daughter and framed Empress Wang for the murder.

Life-Cycle Cost Analysis Essay -- Facility Ownership Finances Accounti

Life-Cycle Cost Analysis Life-cycle cost analysis (LCCA) is a method for assessing the total cost of facility ownership. It takes into account all costs of acquiring, owning, and disposing of a building or building system. LCCA is especially useful when project alternatives that fulfill the same performance requirements, but differ with respect to initial costs and operating costs, have to be compared in order to select the one that maximizes net savings. For example, LCCA will help determine whether the incorporation of a high-performance HVAC or glazing system, which may increase initial cost but result in dramatically reduced operating and maintenance costs, is cost-effective or not. LCCA is not useful for budget allocation. Lowest life-cycle cost (LCC) is the most straightforward and easy-to-interpret measure of economic evaluation. Some other commonly used measures are Net Savings (or Net Benefits), Savings-to-Investment Ratio (or Savings Benefit-to-Cost Ratio), Internal Rate of Return, and Payback Period. They are consistent with the Lowest LCC measure of evaluation if they use the same parameters and length of study period. Building economists, certified value specialists, cost engineers, architects, quantity surveyors, operations researchers, and others might use any or several of these techniques to evaluate a project. The approach to making cost-effective choices for building-related projects can be quite similar whether it is called cost estimating, value engineering, or economic analysis. DESCRIPTION A. Life-Cycle Cost Analysis (LCCA) Method The purpose of an LCCA is to estimate the overall costs of project alternatives and to select the design that ensures the facility will provide the lowest overall cost of ownership consistent with its quality and function. The LCCA should be performed early in the design process while there is still a chance to refine the design to ensure a reduction in life-cycle costs (LCC). The first and most challenging task of an LCCA, or any economic evaluation method, is to determine the economic effects of alternative designs of buildings and building systems and to quantify these effects and express them in dollar amounts.   Ã‚  Ã‚  Ã‚  Ã‚  Viewed over a 30 year period, initial building costs account for approximately just 2% of the total, while operations and maintenance costs equal 6%, and personnel costs equal ... ..., Design, and Development Process, Cost-Effective—Use Economic Analysis to Evaluate Facility Investment Decisions, Cost-Effective—Consider Non-Monetary Benefits such as Aesthetics, Historic Preservation, Security, and Safety, Sustainable, Productive, Functional Publications Building Economics: Theory and Practice by Rosalie T. Ruegg and Harold E. Marshall. New York: Van Nostrand Reinhold, 1990. Energy Price Indices and Discount Factors for Life-Cycle Cost Analysis, Annual Supplement to Handbook 135 by Sieglinde K. Fuller, Amy S. Rushing, and Laura I. Schultz. NISTIR 85-3273-19. Gaithersburg, MD: National Institute of Standards and Technology, April 2004. Also available from the DOE/FEMP Help Desk at 1-877-EERE-INF (1-877-337-3463). Engineering Economy by G. J. Thuesen and W. J. Fabrycky. Prentice Hall, 1993. ISBN 0-13-277491-7. GSA LEED ® Cost Study Life-Cycle Costing Manual for the Federal Energy Management Program by Sieglinde Fuller and S.R. Petersen. NIST Handbook 135. National Institute of Standards and Technology, 1995. Simplified Energy Design Economics by Harold E. Marshall and Rosalie T. Ruegg. NBS SP 544. Washington, DC: National Bureau of Standards, January 1980.

Case Essay

Telefonica de Espana. Does your analysis lead to the same conclusions as Telefonica’s managers? The textbook explains SWOT as an acronym for â€Å"Strengths, Weaknesses, Opportunities, and Threats†. Strengths; Telefonica is a monopoly at this time because it is state owned and this is a major strength for them. The fact that Spain’s culture and language is similar to the market in South America is a major advantage as well. Weaknesses; According to the textbook the prices associated with Telefonica’s service was high. Competitors were looking to exploit this by offering cheaper service with better technology. Companies who could lower their profit margin are a major concern for Telefonica. Opportunities; The deregulation of telecommunications in South America (with the cultural similarities as I mentioned before) seemed to be the perfect opportunity to enter this market and be successful. Threats; Due to the many complaints from their customers Telefonica faces many threats from competitors in this â€Å"new market†. There is a chance that they may not survive in this market if they do not provide better service and technology. 2. How would you characterize the corporate strategy adopted by Telefonica? 3. Minority investors in Telefonica’s South American subsidiaries are unhappy with the parent corporation. Suppose you are a senior manager at the parent corporation. How would you handle the problem with the minority investors? What would you recommend to the CEO should be done about the minority investors? 4. The Latin American telecommunications market is growing much faster (12. 6 percent in 2007) than that of Spain or Europe, both of which grew at a 4. 9 percent rate in 2007. Should Telefonica have continued to focus on the Latin American market, rather than acquire O2 and Cseky? What about its purchase of a minority position in China Netcom?

Acct 410 Government and Not for Profit Chp 11-15 Quiz Essay

Question 1 4 out of 4 points | | | Federal funds must be used only for activities that are within the scope of the grant would be a(n)Answer | | | | | Selected Answer:| allowable activity| Correct Answer:| allowable activity| | | | | Question 2 0 out of 4 points | | | In reporting the results of a performance audit, it is appropriate for the auditors toAnswer | | | | | | | Correct Answer:| all of the above.| | | | | Question 3 4 out of 4 points | | | Which of the following is a Yellow Book standard in respect to independence?Answer | | | | | Selected Answer:| auditors should not audit their own work| Correct Answer:| auditors should not audit their own work| | | | | Question 4 4 out of 4 points | | | The Yellow Book’s general standards are issued by theAnswer | | | | | Selected Answer:| GAO| Correct Answer:| GAO| | | | | Question 5 4 out of 4 points | | | In discerning the objectives of a program to be audited, the auditors should give the least credibility toAnswer | | | | | Selected Answer:| comments by the lower-level employees who actually depend on the program for their livelihoods.| Correct Answer:| comments by the lower-level employees who actually depend on the program for their livelihoods.| | | | | Question 6 4 out of 4 points | | | Which of the following is not reported upon in the Schedule of Findings and Questioned Costs?Answer | | | | | Selected Answer:| reportable conditions related to internal control| Correct Answer:| reportable conditions related to internal control| | | | | Question 7 0 out of 4 points | | | Government Auditing Standards characterizes government engagements into which of the following three categories?Answer | | | | | | | Correct Answer:| financial audits, compliance audits, and performance audits| | | | | Question 8 4 out of 4 points | | | The process of specifically directing federal funds to a particular program is called:Answer | | | | | Selected Answer:| earmarking| Correct Answer:| earmarking| | | | | Question 9 4 out of 4 points | | | Government Auditing Standards must be adhered to in all financial audits except ofAnswer | | | | | Selected Answer:| public corporations| Correct Answer:| public corporations| | | | | Question 10 0 out of 4 points | | | The purpose of this is to avoid duplication of efforts in conducting governmental auditsAnswer | | | | | | | Correct Answer:| Single Audit Act| | | | | Question 11 4 out of 4 points | | | This law requires that the wages of laborers and mechanics employed by the contractors of federally funded projects be paid at prevailing local wage rates.Answer | | | | | Selected Answer:| Davis-Bacon Act| Correct Answer:| Davis-Bacon Act| | | | | Question 12 4 out of 4 points | | | Which of the following statements is incorrect about GAO standards pertaining to performance audits?Answer | | | | | Selected Answer:| The GAO mandates that programs be audited annually by accounting trained professionals| Correct Answer:| The GAO mandates that programs be audited annually by accounting trained professionals| | | | | Question 13 4 out of 4 points | | | Which of the following is not a General Auditing Standard for financial audits?Answer | | | | | Selected Answer:| financial stability| Correct Answer:| financial stability| | | | | Question 14 4 out of 4 points | | | Per the GAO standards, an auditor’s working papers mustAnswer | | | | | Selected Answer:| contain sufficient information to convince an auditor having no previous connection with the audit that the evidence supports the auditor’s conclusions and judgments| Correct Answer:| contain sufficient information to convince an auditor having no previous connection with the audit that the evidence supports the auditor’s conclusions and judgments| | | | | Question 15 0 out of 4 points | | | ‘‘Generally accepted government auditing standards’’ (GAGAS) refers to standards incorporated inAnswer | | | | | | | Correct Answer:| the Yellow Book and the AICPA’s Professional Standards| | | | | Sunday, June 17, 2012 6:43:52 PM EDT

Indian Automobile Industry Analysis Essay

Today the automobile sector in India contributes 5% to the nation’s GDP, making it a prominent player in the economy. It will contribute around 19% of the Tax collection for financial year 2009-10. Following have been the features of Auto industry in the past financial year. The following tables and charts consist of the performance of Auto industry in past few years. Industry Aggregate (Rs in million)| | AMJ 10 (E)| Net Sales| 363904. 38| Change (%)| 39%| EBITDA| 64665. 22| Change (%)| 94%| Depreciation| 7303. 60| Interest| 3348. 58| Other Income| 7118. 93| PBT| 61131. 97|. Tax| 16645. 21| Effective tax rate| 27%| Reported PAT| 44486. 77| Change % (Reported PAT)| 92%| Market Cap (Rs in bn)| 1647. 17| Source: BSE India; Cygnus Research| Note: The aggregate consists of the following companies- Bajaj Auto, Ashok Leyland, Tata Motors, TVS Motors, Force Motors, Hero Honda, Escorts Ltd. , Eicher Motors, Maruti Udyog Limited, Punjab Tractors Limited, Mahindra & Mahindra, and Hindustan motors Source: QPAC Indian Automobile industry Apr-Jun 2010 INDIAN AUTOMOBILE INDUSTRY AND TRENDS Overview The auto industry in India is the ninth largest in the world. After Japan, South Korea and Thailand, in 2009, India emerged as the fourth largest exporter of automobiles. Several Indian automobile manufacturers have spread their operations globally. Indian auto industry, which is currently growing at the pace of around 18 % per annum, has become a hot destination for global auto players like Volvo, General Motors and Ford. The Indian automobile industry is going through a phase of rapid change and high growth. With new projects coming up on a regular basis, the industry is undergoing technological change. The major players are expanding their plants and focusing on mass customization, mass production. Yearly-Analysis Year on year as the Indian population grows the requirement for the transportation will also grow, so it is clear that the industry demand is directly proportional to the population. Presently in India there are 100 people per vehicle while the figure in china is 82. Indian automotive industry is strong and productive sector for the economy growth. It gives nearly 5% of the employment to the country’s population. Continue improving quality results in exports of automobile and ancillary industry is boosting out the demand in oversees business. The Indian auto-players are expanding their presence in oversees market. In the last 5 years the foreign investment in this sector nearly doubled. Production Trend: The Indian automotive industry face a tough time during FY08 and its production were almost stagnated. From the early FY09, the industry started showing marginal growth in terms of production and reached to 14. 04m units till FY10. Due to the huge insist in the domestic market company’s sale nearly 88% of their total production in the country and rest 12% vehicles they export. Domestic and Exports sales trend: In terms of domestic sales the industry is showing positive approach from the last 3-years. During FY10 the industry domestic sales reached to 12. 29m units. The Indian exports are increasing gradually form the past 5-years and reached to 1. 80m units in FY10. Earlier the industry depended on the foreign auto parts, but due to the increase of the global players in the country and establishing the plants ended painless move to the Indian auto-players. INDUSTRY PERFORMANCE (YEARLY) Indian Automobile Industry Performance (Apr-Mar)| | Production| Domestic Sales| Exports| | 2009| 2010| %| 2009| 2010| %| 2009| 2010| %| Passenger vehicles (PVs)|. Passenger Cars| 1516967| 1926484| 27| 1220475| 1526787| 25| 331535| 441710| 33| UVs| 219498| 272848| 24| 225621| 272733| 21| 3034| 2823| -7| MPVs| 102128| 151908| 49| 106607| 150256| 41| 1160| 1613| 39| Total PV| 1838593| 2351240| 28| 1552703| 1949776| 26| 335729| 446146| 33| Commercial vehicles (CVs)| M&HCVs| | | | | | | Passenger Carriers| 40995| 46026| 12| 34892| 43081| 24| 7456| 6069| -19| Goods Carriers| 151288| 204145| 35| 148603| 201977| 36| 9363| 14354| 53| Total M&HCVs| 192283| 250171| 30| 183495| 245058| 34| 16819| 20423| 21| LCVs| | | | | | |. Passenger Carriers| 28635| 34751| 21| 26952| 34421| 28| 5426| 2708| -50| Goods Carriers| 195952| 281686| 44| 173747| 251916| 45| 20380| 21876| 7| Total LCVs| 224587| 316437| 41| 200699| 286337| 43| 25806| 24584| -5| Total CVs| 416870| 566608| 36| 384194| 531395| 38| 42625| 45007| 6| 3-wheelers| Goods Carriers| 417434| 530203| 27| 268463| 349662| 30| 146914| 172505| 17| Total 3-Wheelers| 79586| 88890| 12| 81264| 90706| 12| 1152| 777| -33| Grand total| 497020| 619093| 25| 349727| 440368| 26| 148066| 173282| 17| 2-Wheelers|. Scooter| 1161276| 1494409| 29| 1148007| 1462507| 27| 25816| 30125| 17| Motorcycles| 6798118| 8444852| 24| 5831953| 7341139| 26| 971018| 1103104| 14| Mopeds| 436219| 571070| 31| 431214| 564584| 31| 7300| 6905| -5| Electric Two Wheel| 24179| 2558| -89| 26445| 3001| -89| 40| 50| -| Total 2-Wheelers| 8419792| 10512889| 25| 7437619| 9371231| 26| 1004174| 1140184| 14| Grand Total| 11172275| 14049830| 26| 9724243| 12292770| 26| 1530594| 1804619| 18| source: SIAM; Cygnus Research| Demand-supply mismatch: The new capacity addition till 2012, may anticipate a demand and supply mismatch in the short term. Demand is only expected to grow by 10-12% every year. In 2009-10 the domestic auto industry was utilizing 80-85% of its capacity, but this may drop to 65% by 2012. India may be in a similar position in 2012 as the global auto industry is in right now. The global capacity utilization in 2009-10 was around 65%, down from 80% in 2008-09. In the near future it is expected that the mismatch is going to see between Demand and Supply. Capacity addition: Accoding to Fitch Ratings, by 2012, the existing players in the market are expected to add 0. 9m units to the 2. 6m units’ capacity of the passenger vehicle segment and 0.6m units to the 0. 75m units’ capacity of the commercial vehicle segment. Meanwhile, global automakers who currently only assemble in India, are expected to set up production units, in order to be more competitive with local players. Quarterly-Analysis Production Trend During AMJ10, the segmental market size of 2-wheeler stood at 77%, followed by Passenger vehicles at 16% and then followed by 3-wheelers at 4%. In this quarter the total industry production increased by 33. 27 to 4. 09m units from 3. 06m units in the previous year same period. The commercial vehicle segment production has increased by 57. 11% to 0.16m units and recorded top among the segments. Sales and Exports Trend From the past two years the sale of the vehicles are increasing during this quarter due to the domestic demand made by the festive season and the exports are declining. In terms of sales commercial vehicles sales had increased by 55% during AMJ10 and stood in top against AMJ09. Passenger vehicle sales increased by 33% next to Commercial Vehicles and stood at 0. 55m units followed by 2 and 3-wheelers. The total Indian automobile exports during AMJ10 increased by 59. 30% to 0. 58m units against 0. 36m units. The 3-wheeler segment stood in top in- terms of exports by 150. 33% increase followed by C. V and P. V. SEGMENTAL ANALYSIS OF THE INDUSTRY (QUARTERLY) Automobile Sales Performance in AMJ (in terms of Volume)| I PASSENGER VEHICLES| | AMJ’09| AMJ’10| % change| A. Passenger Cars| 324,985| 433,641| 33%| B. UVs| 60,969| 76,432| 25%| C. MPVs| 31,965| 44,493| 39%| TOTAL (A+B+C)| 417,919| 554,566| 33%| II. COMMERCIAL VEHICLES (CVs)| M&HCVs| | | | A. Passenger Carriers| 7,482| 11,574| 55%| B. Goods Carriers| 31,408| 59,642| 90%| TOTAL (A+B)| 38,890| 71,216| 83%| LCVs| | | | A. Passenger Carriers| 9,601| 11,566| 20%| B. Goods Carriers| 48,376| 67,095| 39%| TOTAL (A+B)| 57,977| 78,661| 36%|. TOTAL COMMERCIAL VEHICLES (CVs)| 96,867| 149,877| 55%| III. THREE WHEELERS| A. passenger carrier| 72,339| 84,298| 17%| B. goods carrier| 18,963| 20,855| 10%| TOTAL (A+B)| 91,302| 105,153| 15%| IV TWO WHEELERS| A. scooters| 317,400| 470,323| 48%| B. motor cycles| 1,689,716| 2,097,415| 24%| C. mopeds| 128,738| 157,588| 22%| TOTAL (A+B+C+D)| 2,135,854| 2,725,326| 28%| Total volume (units)| 2,741,942| 3,534,922| 29%| Source: SIAM; Cygnus Research| SEGMENTAL PERFORMANCE Two-wheelers Note: Demand is expected on the base of country population bases and the base year is taken as 2000 for projections. The Indian 2-wheeler industry has reported a 26% (Y-o-Y) growth in FY10 with sales at 9. 37m units as against 7. 43m units sold in FY09. On the exports front, the 2-wheeler industry with 1. 14m shipments in FY10 posted a growth of 14% (Y-o-Y). Hero Honda Motors Ltd. (HHML), the world’s largest two wheeler manufacturer continued to dominate the total 2-wheeler industry with a market share of 48. 10%. In the motorcycle segment, the domestic sales grew 26% (Y-o-Y) to 7. 34m units while the exports grew 14% (Y-o-Y) to 1. 10m shipments in FY10. Hero Honda dominated the motorcycle space with a market share of 44% followed by Bajaj Auto (21%) and TVS Motors (15%). Market Penetration The two-wheeler industry is growing at a good phase in the country and expected a presence of 92 per every 1000 people at the end of 2010. The segment expects huge demand in the next 5 years. The industry is expected to sell nearly 26. 56m units till 2015. The segment is expected to face a tough time in 2011, due to the heavy compilation by the low cast cars and the alternative electronic vehicles. From 2012 the segment is expected to grow at the CAGR of 19% till 2015. Segment Boosters. New launches, coupled with low base and festive (marriage) season, helped the 2- wheeler industry post an impressive volumes growth for the month of May 2010. While the low base helped Bajaj Auto Ltd. (BAL) posts a growth of 62% (Y-o-Y) in total sales over the same month of the last fiscal. Three Wheelers The 3-wheeler industry posted an impressive growth of 26% (Y-o-Y) to 0. 44m units in FY10 as against 0. 34m units sold in the last fiscal. On the exports front, the 3-wheeler industry reported 17% (Y-o-Y) growth with 0. 17m units shipments in FY10. The passenger carrier segment reported higher growth in the domestic market at 0. 34m units 30% (Y-o-Y), while the goods carrier segment posted a 12% (Y-o-Y) growth for FY10. On the exports front, the passenger carrier segment posted a 17% (Y-o-Y) growth with 0. 17m unit shipments, while the goods segment posted a 33% (Y-o-Y) decline with exports of 777 units in FY10. Market share and players performance: Piaggio Vehicles continued to dominate the 3-wheeler industry with a market share of 41% followed by Bajaj Auto (35%) and Mahindra & Mahindra (11%). In this 3-wheeler segment 81% sub-segment is captured by Passenger carriers, which is primarily for the rural people moving long distances. The remaining 19% is covered by cargo or goods carriers; there are the versatile vehicles suitable for both intra and inter-city transport. Segment Boosters In suburban and rural areas 3-wheelers are primarily used as substitutes for buses. They thrive because of very poor public transport and on shorter trip distances. Some of the opportunities of this segment are; the inability of state government to provide the required number of buses, lack of political will to privatize public transport and free up fares. Increasing number of 3-wheelers on these routeswill bring download availability form 10-12% to 6-8%, people for 80% of the trips. PRINCIPLE APPLICATION OF 3-WHEELERS| Segments| Primary uses| Fuel used| Forecasted 3-yearsCAGR| In-city| Home-Office,Home-shopping,Schoolchildren, Home-Railways or Air port. | Petrol/LPG/CNG| 10%| Rural| Stage coach| Diesel| 11%| Cargo| Wholesaler to retailerRetailer to end user distribution| Diesel/CNG| -6%| Growth drivers and Indian in the world automobile industry (2010) Growth Drivers of Indian Auto Market| India in world production| ? Rising industrial and agricultural output? Rising per capita income? Favourable demographic distribution with rising working population and middle class? Urbanisation? Increasing disposable incomes in rural agri-sector? Availability of a variety of vehicle models meeting diverse needs and preferences? Greater affordability of vehicles? Easy finance schemes? Favourable government policies? Robust production| ? Well-developed, globally competitive auto ancillaryindustry? Established automobile testing and R&D centers? Among one of the lowest cost producers of steel in the world? World’ssecondlargestmanufactureroftwo wheeler? Fifthlargestmanufacturerofcommercial vehicles? Largest manufacturers of tractors in the world? Fourth largest passenger car market in Asia? India is the second largest two-wheeler market in the world.? 11th largest passenger car market in the world? Expectedtobetheseventhlargestauto industry by 2016| Inter- firm Comparison: Two – Wheelers Operational Performance The sales figure of Hero Honda is estimated to increase by 33. 73% in revenue terms from Rs3824. 40m in AMJ09 to Rs51116. 77m in AMJ10. Hero Honda scooter segment, pleasure sales have been growing at an average of 16000 units per month, it also crossed its land mark of 4. 5m unit sales for FY10. Bajaj Auto is estimated to show a sharp increase in sales figure by 33% from Rs 233384. 70m in AMJ09 to Rs31230. 88m in AMJ10, this has been led by its two game changing brands, Pulsar and Discover, with clocked robust volumes. TVS Motors is estimated to show an increase of 34% in sales from Rs9886. 97m in AMJ09 to Rs13254. 32m in AMJ10. Its scooter and motorcycle segment sales grew by 24% and 15% respectively; exports were increased by 22% to 20067 units during May. The newly launched TVS Jive and the TVS Wego have supported better volume growth for the month of March. Two-Wheeler Rs (m)| | AMJ 09 (A)| AMJ 10 (E)| Growth| Bajaj Auto| 23384. 70| 31230. 88| 33. 55| Hero Honda| 38224. 40| 51116. 77| 33. 73| TVS| 9886. 97| 13254. 32| 34. 06| Source: BSE India; Cygnus Research| Financial Performance The overall sale of all the companies is expected to rise. In case of TVS Motors OPM will improve mainly due to reduction in other expenses and raw material cost. The operational performance of Hero Honda has also improved and is directly reflected in its OPM and NPM growth which has increased by 837bps and 486bps respectively. Bajaj Autos OPM and NPM have been increased by 94bps and 170 bps points respectively. Overall in terms Hero Honda stood in top position in terms of operational and financial performance. | Bajaj Auto| Hero Honda| TVS| | AMJ 09 (A)| AMJ 10 (E)| AMJ 09 (A)| AMJ 10 (E)| AMJ 09 (A)| AMJ 10 (E)| Net sales| 23384. 70| 31230. 88| 38224. 40| 51116. 77| 9886. 97| 13254. 32| NPM (%)| 12. 55| 14. 25| 13. 08| 17. 95| 1. 84| 2. 85| OPM (%)| 18. 45| 19. 38| 17. 01| 25. 38| 6. 33| 6. 01| Source: BSE India; Cygnus Research| Cost Structure Analysis Cost Structure (as % of Net sales) AMJ09 Vs AMJ10| Company| Hero Honda| Bajaj Auto| TVS Motors| Industry| Year| 09| 10| 09| 10| 09| 10| 09| 10| (Increase)/Decrease in Stock| 0. 33| -2. 33| 2. 04| 1. 34| 3. 15| 4. 49| -0. 74| 0. 68| Consumption of raw materials| 67. 42| 62. 86| 60. 60| 64. 04| 67. 61| 60. 50| 65. 91| 62. 41| Purchase in stock in trade| 0. 00| 0. 00| 3. 51| 3. 67| 1. 62| 1. 88| 4. 44| 5. 55| Staff cost| 3. 62| 2. 76| 4. 83| 2. 98| 5. 29| 4. 87| 5. 34| 3. 86| Other expenditure| 11. 62| 11. 32| 10. 57| 8. 59| 15. 99| 22. 26| 12. 33| 9. 73| Depreciation| 1. 19| 0. 86| 1. 41| 0. 12| 2. 57| 1. 89| 2. 63| 2. 01| Interest & Financial Charges| -0. 14| -0. 10| 0. 26| 0. 00| 1. 73| 0. 91| 1. 25| 0. 92| Tax| 3. 99| 7. 69| 5. 22| 6. 11| 0. 19| 0. 76| 2. 62| 4. 57| Source: BSE India; Cygnus Research|. Raw material cost forms the major chunk of cost for two-wheeler companies followed by other expenditure, staff cost. In terms of raw material, staff cost and other expenses the performance of Bajaj is better compared to its peers. Overall, Bajaj auto is efficient from operational point of view. It has declined its overall cost structure by 159 bps to 86. 84% from 88. 44% as the percentage of sales during AMJ09. Porter Five Forces model Here is the analysis of Auto Industry with help of the porter’s five forced model. This is common for auto industry in India. Supply | Some amount of excess capacity.while India would be capable of producing 5. 4 m cars a year by 2014, domestic demand is likely to edge up to between 3. 5 and 4. 8 m units. | Demand | Largely cyclical in nature and dependent upon economic growth and per capita income. Seasonality is also a vital factor. | Barriers to entry | High capital costs, technology, distribution network, and availability of auto components. | Bargaining power of suppliers | Low, due to stiff competition. | Bargaining power of customers | Very high, due to availability of options. | Competition | High. Expected to increase even further. | Now if we make the five-force model for two wheelers: