In search of few good experts

Article Abstract:

The need to employ competent and highly-skilled management consultants has dramatically increased over the past years as electric utilities underscore downsizing and restructuring. Managers must make it a point that goals are clearly established and defined before hiring a particular consultant. Firms are also advised to evaluate a consultant's previous performances, including credentials, certifications, and successful projects. It is also important to ensure that a consultant fits well in the business by evaluating his personality traits.

Methods, Employment, Employee selection

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National accounts cutback

Article Abstract:

A number of large enterprises with various sites such as restaurants and chain stores, plan to decrease their electricity suppliers by as much as 80%. The pricing of power and energy commodity has always been a major concern for large companies that finding cost-saving alternatives is a better option. Energy companies are now tendering low-cost contracts or packaging a national brand with various product and service offerings.

Energy Mgmt NEC, Management, Energy use, Surveys, Big business, Energy conservation, Energy management, RKS Research and Consulting

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A Dichotomous Search for a Geometric Random Variable

Article Abstract:

A two-state system that starts in O and ends in I after given periods is given. A search strategy that minimizes the expected cost of the search for the transition is developed. Quality control and maintenance of communication and supply lines are some of the applications that have these characteristics. Numerical results are presented in a table and in a graph.

Management science, Algorithms, Algorithm, Applications, Models, Scientific Research, Stochastic Model, Tree Structures, Operations Research, Search Strategy, Minimization, Search Cost

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