Development of sales invoicing process in industrial services

The objective of this Master’s thesis is to find ways to streamline the invoicing process of the case company. In order to streamline the process, the bottlenecks and development areas of the present invoicing process needs to be identified. The bottlenecks are based on interviews made to personnel. The thesis also offers solutions to overcome the identified bottlenecks. The problem is the slowness of the invoicing process which should get rid off. The slow invoicing process causes delays in obtaining payments. There are many reasons for the slowness and inefficiency of the invoicing process. One of the biggest reasons is that the information systems are not deployed entirely. It causes additional work for everyone. Practices with the customers affect also to the smooth flow of invoicing. The contracts determine when the customer can be invoiced but also work approvals, missing work orders and customer’s own invoicing basis slow the process. The fastest and cheapest solution is to deploy the systems better and do things correctly. Thus duplicated work would decrease and resources would be saved. The work allocation should be modified and the practices with customer should be influenced too. In the future the meaning of IT should be highlighted and new devices exploited.

Development of remote monitoring process tools for biomass fired bubbling fluidized bed boilers

Remote monitoring of a power boiler allows the supplying company to make sure that equipment is used as supposed to and gives a good chance for process optimization. This improves co-operation between the supplier and the customer and creates an aura of trust that helps securing future contracts. Remote monitoring is already in use with recovery boilers but the goal is to expand especially to biomass-fired BFB-boilers. To make remote monitoring possible, data has to be measured reliably on site and the link between the power plant and supplying company’s server has to work reliably. Data can be gathered either with the supplier’s sensors or with measurements originally installed in the power plant if the plant in question is not originally built by the supplying company. Main goal in remote monitoring is process optimization and avoiding unnecessary accidents. This can be achieved for instance by following the efficiency curves and fouling in different parts of the process and comparing them to past values. The final amount of calculations depends on the amount of data gathered. Sudden changes in efficiency or fouling require further notice and in such a case it’s important that dialogue toward the power plant in question also works.

Commodity Future Price Premiums – Case EU ETS

The purpose of this thesis was to study commodity future price premiums and their nature on emission allowance markets. The EUA spot and future contracts traded on the secondary market during EU ETS Phase 2 and Phase 3 were selected for empirical testing. The cointegration of spot and future prices was examined with Johansen cointegration methodology. Daily interest rates with a similar tenor to the future contract maturity were used in the cost-of-carry model to calculate the theoretical future prices and to estimate the deviation from the fair value of future contracts, assumed to be explained by the convenience yield. The time-varying dependence of the convenience yield was studied by regression testing the correlation between convenience yield and the time to maturity of the future contract. The results indicated cointegration between spot and future prices, albeit depending on assumptions on linear trend and intercept in cointegration vector Dec-14 and Dec-15 contracts. The convenience yield correlates positively with the time-to-maturity of the future contract during Phase 2, but negatively during Phase 3. The convenience yield featured positive correlation with spot price volatility and negative correlation with future price volatility during both Phases 2 and 3.

Hintariskeiltä suojautuminen viljakaupassa - viljatermiinit ja niiden käyttö Suomessa

Tämän tutkielman tarkoituksena on selvittää, miten viljatermiinejä käytetään Suomessa hintariskeiltä suojautumisen välineenä. Tutkimus on tehty viljantuottajan näkökulmasta. Tutkimusaineistona on käytetty aiheesta aiemmin tehtyä tutkimuskirjallisuutta ja varta vasten kerättyä haastatteluaineistoa. Tuottajien mielestä hintavaihteluilla oli suuri vaikutus tuotannon tulokseen ja kaikki haastatellut olivat miettineet keinoja hintavaihtelujen vaikutusten pienentämiseksi. Termiinikaupan käyttäminen viljan myynnissä on kuitenkin Suomessa melko harvinainen ilmiö. Aiempien tutkimustulosten perusteella ja kerättyyn haastatteluaineistoon perustuen vaikuttaisi siltä, että termiinikaupan vähäiseen käyttöön Suomessa ovat vaikuttaneet ainakin maataloustukien runsas osuus tilojen liikevaihdosta, tiloilla harjoitettava muu ansiotoiminta, sekä runsaat satovaihtelut. Haastatellut tuottajat pyrkivät suojautumaan hintavaihteluilta lähinnä viljaa varastoiden ja koettamalla valita tuotantoon mahdollisimman kannattavia kasveja, joilla hintavaihtelu oli vähäistä. Termiinejä tarjoavat viljantuottajille useat eri viljanostajat. Käytettäessä termiinejä säännöllisesti ja johdonmukaisesti, on termiinikaupalla tuloja tasaava vaikutus. Sen käyttö ei kuitenkaan takaa parempaa tulosta kuin käteiskauppakaan, vaan hyötynä on nimenomaan ennustettavuuden lisääntyminen ja epävarmuuden väheneminen tulovaihteluiden pienentymisen myötä. Termiinikaupasta aiheutuu tuottajalle myös kuluja ja siihen pitäisikin suhtautua kuten vakuutukseen.

Evidencing and Sharing Value with Decision Making Models in an Industrial Maintenance Network

The objective of this thesis is to concretize the potential benefits that the industrial maintenance case network could achieve through using the value-based life-cycle model and the flexible asset management model. It is also inspected what factors prevent value creation and sharing in the maintenance contract practices of the case network. This thesis is a case study which utilizes modelling. Four scenarios were developed to demonstrate value creation in the future. The data was partly provided by the collaborating company, partly gathered from public financial statement information. The results indicate that value has been created through the past maintenance of the collaborating company’s rod mill and that profitability of the collaborating company has been mostly on satisfactory level during the past few years. Potential value might be created by increasing the share of proactive maintenance of the rod mill in the future. Profitability of the network could be improved in the future through flexible asset management operations. The main obstacle for value creation and sharing seems to be the lack of sufficient trust between the network members.

Binding sites and actions of Tx1, a neurotoxin from the venom of the spider Phoneutria nigriventer, in guinea pig ileum

Tx1, a neurotoxin isolated from the venom of the South American spider Phoneutria nigriventer, produces tail elevation, behavioral excitation and spastic paralysis of the hind limbs after intracerebroventricular injection in mice. Since Tx1 contracts isolated guinea pig ileum, we have investigated the effect of this toxin on acetylcholine release, as well as its binding to myenteric plexus-longitudinal muscle membranes from the guinea pig ileum. [125I]-Tx1 binds specifically and with high affinity (Kd = 0.36 ± 0.02 nM) to a single, non-interacting (nH = 1.1), low capacity (Bmax 1.1 pmol/mg protein) binding site. In competition experiments using several compounds (including ion channel ligands), only PhTx2 and PhTx3 competed with [125I]-Tx1 for specific binding sites (K0.5 apparent = 7.50 x 10-4 g/l and 1.85 x 10-5 g/l, respectively). PhTx2 and PhTx3, fractions from P. nigriventer venom, contain toxins acting on sodium and calcium channels, respectively. However, the neurotoxin PhTx2-6, one of the isoforms found in the PhTx2 pool, did not affect [125I]-Tx1 binding. Tx1 reduced the [3H]-ACh release evoked by the PhTx2 pool by 33%, but did not affect basal or KCl-induced [3H]-ACh release. Based on these results, as well as on the homology of Tx1 with toxins acting on calcium channels (w-Aga IA and IB) and its competition with [125I]-w-Cono GVIA in the central nervous system, we suggest that the target site for Tx1 may be calcium channels.

Evaluation of the cholinomimetic actions of trimethylsulfonium, a compound present in the midgut gland of the sea hare Aplysia brasiliana (Gastropoda, Opisthobranchia)

Trimethylsulfonium, a compound present in the midgut gland of the sea hare Aplysia brasiliana, negatively modulates vagal response, indicating a probable ability to inhibit cholinergic responses. In the present study, the pharmacological profile of trimethylsulfonium was characterized on muscarinic and nicotinic acetylcholine receptors. In rat jejunum the contractile response induced by trimethylsulfonium (pD2 = 2.46 ± 0.12 and maximal response = 2.14 ± 0.32 g) was not antagonized competitively by atropine. The maximal response (Emax) to trimethylsulfonium was diminished in the presence of increasing doses of atropine (P<0.05), suggesting that trimethylsulfonium-induced contraction was not related to muscarinic stimulation, but might be caused by acetylcholine release due to presynaptic stimulation. Trimethylsulfonium displaced [³H]-quinuclidinyl benzilate from rat cortex membranes with a low affinity (Ki = 0.5 mM). Furthermore, it caused contraction of frog rectus abdominis muscles (pD2 = 2.70 ± 0.06 and Emax = 4.16 ± 0.9 g), which was competitively antagonized by d-tubocurarine (1, 3 or 10 µM) with a pA2 of 5.79, suggesting a positive interaction with nicotinic receptors. In fact, trimethylsulfonium displaced [³H]-nicotine from rat diaphragm muscle membranes with a Ki of 27.1 µM. These results suggest that trimethylsulfonium acts as an agonist on nicotinic receptors, and thus contracts frog skeletal rectus abdominis muscle and rat jejunum smooth muscle via stimulation of postjunctional and neuronal prejunctional nicotinic cholinoreceptors, respectively.

Linking supplier delivery risk to outbound delivery service performance improvement

Customer satisfaction should be the main focus for all of the parts of the business. Usually supply chain behind the business is in a key role when this focus is pursued especially in repair service business. When focusing on the materials that are needed to make repairs to equipment under service contracts, the time aspect of quality is critical. Do late deliveries from supplier have an effect on the service performance of repairs when distribution center of a centralized purchasing unit is acting as a buffer between suppliers and repair service business? And if so, how should the improvement efforts be prioritized? These are the two main questions that this thesis focuses on. Correlation and linear regression was tested between service levels of supplier and distribution center. Percentage of on-time deliveries were compared to outbound delivery service level. It was found that there is statistically significant correlation between inbound and outbound operations success. The other main question of the thesis, improvement prioritization, was answered by creating material availability based supplier classification and additional to that, by developing the decision process for the analysis of most critical suppliers. This was built on a basis of previous supplier and material classification methods.

Sopimusriskit kansainvälisessä kaupassa

Tutkimuksen tavoitteena on tuoda esille yleisimmät riskit liittyen kansainvälisessä kaupassa tehtyihin sopimuksiin. Tutkimus pyrkii avaamaan kansainvälisen kaupan ominaispiirteitä, jonka avulla saavutetaan yleiskäsitys kansainvälisen kaupan 2 sisällöstä. Kansainvälisen kaupan lisäksi tutkimus perehtyy sopimuksiin, niiden laadintaan, hyväksikäyttöön sekä sopimusriskien syy- ja seuraussuhteeseen.

Vastuullisten hankintojen toteutuminen ja kehitys suomalaisissa yrityksissä

Kuluttajien valveutuminen ja globalisaatio 2000-luvulla lukeutuvat suurimpiin taustasyihin sille, että vastuullisuus on noussut entistä tärkeämpään rooliin yritysten toiminnassa. Hankinnat ovat tämän vastuullisen toiminnan kannalta yksi kriittisimpiä osa-alueita, sillä yrityksen on hallittava hankintaketjunsa hyvin pystyäkseen takaamaan vastuullisten toimipojen ulottumisen aina sen alkupäähän asti. Tämä Pro Gradu-tutkielma kartoittaa Suomen yritysten vastuullisten hankintojen nykytilaa ja sen kehitystä viimeisen vuosikymmenen aikana. Tavoitteena on selvittää, miten vastuullisia hankintoja toteutetaan tämän päivän suomalaisissa yrityksissä ja ovatko aiempien tutkimuksien havaitsemat ongelmat vielä olemassa ja jos ovat, niin missä mittakaavassa. Tämä tutkimus on toteutettu sähköisenä kyselytutkimuksena, joka lähetettiin eri alojen yrityksille ympäri Suomea. Suomalaisten yritysten hankintojen vastuullisuus on mennyt eteenpäin viime vuosikymmenen tilanteesta, mutta kasvu näyttäisi olevan enemmän määrällistä kuin laadullista. Vastuullisia hankintoja toteuttaa yhä useampi yritys, mutta samat ongelmat vaivaavat vielä suurta osaa kaikista yrityksistä. Puutteita löytyy erityisesti sopimusosaamisessa, dokumentoinnissa ja informaationkulussa.

Kalman filter for computational market dynamics

Kalman filter is a recursive mathematical power tool that plays an increasingly vital role in innumerable fields of study. The filter has been put to service in a multitude of studies involving both time series modelling and financial time series modelling. Modelling time series data in Computational Market Dynamics (CMD) can be accomplished using the Jablonska-Capasso-Morale (JCM) model. Maximum likelihood approach has always been utilised to estimate the parameters of the JCM model. The purpose of this study is to discover if the Kalman filter can be effectively utilized in CMD. Ensemble Kalman filter (EnKF), with 50 ensemble members, applied to US sugar prices spanning the period of January, 1960 to February, 2012 was employed for this work. The real data and Kalman filter trajectories showed no significant discrepancies, hence indicating satisfactory performance of the technique. Since only US sugar prices were utilized, it would be interesting to discover the nature of results if other data sets are employed.

Vahdon keskustan sähkönjakeluverkon saneeraussuunnitelma

Vuoden 2013 sähkömarkkinalain uudistuksen myötä verkonhaltijoiden tulee varautua suurhäiriötilanteisiin aiempaa tehokkaammin. Lain toimitusvarmuusvaatimusten täyttäminen vaatii sähköverkkoyhtiöiltä entistä suurempia investointimääriä nopeassa aikataulussa. Caruna Oy investoi vuosittain noin 100 miljoonaa euroa säävarman verkon kehittämiseen ja rakentamiseen. Eltel Networks Oy toimii Carunan pääurakoitsijana useissa saneerausprojekteissa muun muassa Satakunnan ja Lounais-Suomen alueilla. Diplomityö tehtiin Eltel Networks Oy:lle ja tavoitteena oli laatia saneeraussuunnitelma Carunan Vahdon keskustan sähkönjakeluverkkoon sekä kehittää Eltelin suunnitteluprosessia Vahdon case-projektin avulla. Nykyverkon ongelmakohdiksi osoittautuivat käyttöikänsä päähän tulleet tai lähivuosina tulevat verkkokomponentit, verkon alhainen nykykäyttöarvo sekä korkeat keskeytyskustannukset. Suunnitellun verkon nykykäyttöarvo yli kaksinkertaistui nykyverkon arvosta, verkon keski-ikä pieneni seitsemällä vuodella ja keskeytyskustannukset pienenivät yli puolella. Case-projektin aikana suunnitteluprosessissa ilmeni useita kehityskohteita. Esimerkiksi kartta-aineistoja ja ilmakuvia kannattaisi hyödyntää monipuolisemmin suunnittelussa ja ohjemuutosten täytäntöönpanoajankohta tulisi määrittää ohjeen tärkeyden mukaan. Vierekkäisille suunnitteluprojekteille kannattaa hakea jatkossa esimerkiksi yhteiset ELY- ja AVI-luvat erillisten lupahakemusten sijaan, koska se vähentää suunnittelijoiden työmäärää ja nopeuttaa hakuprosessia. Suunnittelijoiden yhteistyötä kannattaa laajentaa niin lupahakemusten, sopimusten laadinnan kuin koko prosessin kattavaksi, koska yhteistyö vähentää virheiden määrää ja nopeuttaa suunnitteluprosessia. Yhteistyöllä suunnittelu voidaan toteuttaa nopeammin laadusta tinkimättä.

Collective redundancies in the State of California of the United States and in the Republic of Finland. Procedures and Provisions

Video games industry has recently bonded California and Finland in a new way and where the employers are recruiting they also need to be aware of the provisions and procedures related to terminations. In general, collective dismissals are on a relatively high level both in Finland and in California. In California, collective redundancies are regulated under the WARN law. The WARN obligates employers with 75 or more employees to give a 60-day notice prior to a mass lay off and some other similar events. Employers with less than 75 employees are free to administer the terminations without the WARN notice period. Generally, the California at-will presumption allows employment relationship to be terminated any day with or without reason and without notice period if conditions of collective agreements or employment contract do not limit this right. Termination cannot anyhow be in violation of the anti-discrimination law. In Finland the termination related provisions are part of the Employment Contracts Act and the Act on Co-operation within Undertakings. Collective redundancies are allowed under financial and production related grounds. Small employers with less than 20 employees follow the termination provisions of the Employment Contracts Act and are obligated to inform the employee to be terminated on the details of the termination itself and also the services of the Employment and Economic Development Office. Employers with 20 or more employees are to initiate co-operation procedure under the Act on Co-operation within Undertakings when reducing personnel. The co- operation negotiations are to inform employees on the employer’s plans and financial situation as well as to involve them in the decision making regarding the terminations. The employer’s duty to inform the employees of the services of Employment and Economic Development Office needs to be fulfilled also in terminations under the co-operation procedure. Discrimination is prohibited in Finland in terminations of employment. As an alternative for terminations, employees can for example be transferred to another position or be temporarily laid off. Employer’s duties related to search of alternatives for layoff are broader in Finland than in California. The recent development of the labor laws in Finland and in California suggests that the labor law is not static in either one of these environments but changes can be expected as the needs of the business life so require.

Defining Contexts in Context-Free Grammars

This thesis introduces an extension of Chomsky’s context-free grammars equipped with operators for referring to left and right contexts of strings.The new model is called grammar with contexts. The semantics of these grammars are given in two equivalent ways — by language equations and by logical deduction, where a grammar is understood as a logic for the recursive definition of syntax. The motivation for grammars with contexts comes from an extensive example that completely defines the syntax and static semantics of a simple typed programming language. Grammars with contexts maintain most important practical properties of context-free grammars, including a variant of the Chomsky normal form. For grammars with one-sided contexts (that is, either left or right), there is a cubic-time tabular parsing algorithm, applicable to an arbitrary grammar. The time complexity of this algorithm can be improved to quadratic,provided that the grammar is unambiguous, that is, it only allows one parsefor every string it defines. A tabular parsing algorithm for grammars withtwo-sided contexts has fourth power time complexity. For these grammarsthere is a recognition algorithm that uses a linear amount of space. For certain subclasses of grammars with contexts there are low-degree polynomial parsing algorithms. One of them is an extension of the classical recursive descent for context-free grammars; the version for grammars with contexts still works in linear time like its prototype. Another algorithm, with time complexity varying from linear to cubic depending on the particular grammar, adapts deterministic LR parsing to the new model. If all context operators in a grammar define regular languages, then such a grammar can be transformed to an equivalent grammar without context operators at all. This allows one to represent the syntax of languages in a more succinct way by utilizing context specifications. Linear grammars with contexts turned out to be non-trivial already over a one-letter alphabet. This fact leads to some undecidability results for this family of grammars

Origens e desenvolvimento das Township and Village Enterprises (TVEs) chinesas

Origins and development of Chinese Township and Village Enterprises. Township and Village Enterprises (TVEs) performed an important role during China’s rapid economic development. Based on a review of the recent literature on these "engines of growth", this study characterizes TVEs and their contribution to China’s development trajectory. It draws attention to institutions that are key to explaining TVEs, including responsibility contracts and organizational structure. It concludes that the paradigmatic experiences of TVEs have played an important role in terms of employment and export generation which contributed to China’s sustained levels of economic growth and development.