Ergonomics, Work Methods, Satandards and Work Design Case Study

Ergonomics, Work Methods, Satandards and Work Design - Case Study Example The collected data were tabulated and graphically represented in order to conduct the proposed program more smoothly. The gathered information clearly indicated that back injuries and cumulative trauma disorders (CTD) were very common among the employees. However; among the recordable cases, 30% were back related whereas CTDs constituted only less than 10%. From a detailed analysis, the investigators identified that ‘selectors’ were the group most vulnerable to back injuries while forklift operators maintained the second place. A department-wise study revealed that the grocery department had majorily affected by injuries followed by freezer department and meat and diary departments in second place and third place respectively. Contusions and sprains were outnumbered and hence that could not be brought under the range of this study. In addition to the collection of statistical data, the project members also gathered ten minutes videos of each department’s work perf ormance in order to examine the nature of physical strain caused by each job. The adopted biomechanical techniques for this study included â€Å"a three dimensional analysis of static strength requirements and an analysis of repetitive lifting using the revised National Institute for Occupational Safety and Health (NIOSH) Lifting Equation† (Laurie, Andres & Wood, n.d.). As a part of the research, frequency data in January, 1994 were gathered for each job. Vertical and horizontal distances between each job location were estimated using measurement tapes and handled loads are weighed. The investigators also consulted personnel familiar with these operations with intent to acquire information regarding overtime work. The collected information processed using the two selected methods. The study outcomes illustrate that lifting cases above 50 lb. and horizontal movement cases beyond 20† cause high stress on the body and it would probably affect the low back or shoulder area. Section 2 Every organization largely depends on its employees to achieve a comprehensive economic growth. The above stated grocery warehouse distribution company also offers certain benefits to its employees. As discussed earlier, the firm implements an incentive pay system by which the employees get the opportunity to earn unlimited income. Under this option, the fastest worker achieves more so that an employee may tend to perform his works rapidly. An employee’s outstanding physical performance on a regular basis would certainly result in injuries and sprains on his body. This situation turns out to be the main cause of increased back injuries and CTDs in the organization. It has been identified that the grocery selectors are the most affected category of back injuries. The gathered data show that grocery selectors lift a weight of 30 pounds at a frequency of four per minute and this activity continues for eight hours. The asymmetry angle or back twisting angle for this wo rk is 30 degrees. At the same time, meat selectors lift 70 pounds two times in a minute and their job duration is also 8 hours. All other elements remain the same for each

EMAAR PJSC Financial Company Analysis Term Paper

EMAAR PJSC Financial Company Analysis - Term Paper Example The present study would focus on the Emaar Properties PJSC that was incorporated in Dubai in 1997. The company is involved in property investment and development. It also transits property management services, along with engagement in investment in providers of financial service. The company is also engaged in development and sale of condominiums, commercially viable assets such as leasing and management of land, malls, villas and hotels. It was ranked 462nd in the 11th Financial Times Global 500 and was assigned A- and A3 ratings by Standard & Poor and Moody’s Investor services. The company scale of operations is spread internationally in 17 countries namely Syria, Jordan, India, Pakistan, China, US, Canada, UK. The company currently has a market capitalization of AED 15.3 B with 6.1 B shares outstanding. The group is basically divided into three business segments, namely, real estate (develop and sells condominiums, villas, commercial units and plots of land), leasing and re lated activities (develop, lease and manage malls, retail, commercial and residential space) and hospitality (develop, own and/or manage hotels, service apartments and leisure activities). The group has been witnessing a decline in their key performance indicators in the past five years but FY 2010 turned out to be prosperous as the profitability has grown to a respectable state as compared to the last two years. They are ranked just above average in the industry but the future prospects look bright as UAE has started to recover from the massacre of recession. The construction business will see a boom in the near future and company’s market position will glue back to the one in the year 2007.The company has achieved the recent rise in profitability by improving efficiency and squeezing their expense block. Trend Analysis Trend analysis show positive signs for Emaar Properties. The revenue account has seen a U-curve as it fell from AED 10,717,000 in 2008 to 8413,000 in 2009 bu t it increased by 13.37% in 2010 in comparison to the base year. The y-o-y growth would look more attractive in this case. The company increased its investment in hospitality services which led to the rise in revenues this year. (Khan & Jain, 2007) Gross Profit margin has seen a decline in the last two years. The margin dropped by 21.6% from 2008 in 2009 but increase marginally in 2010. The overall gross profit declined by 13.05% in 2010 as compared to the base year. The cost of revenue has been surging which led to the detrimental decrease. The net income has been the highlight of Emaar Properties’ financial statements. The net income has jumped by a staggering 97.64 in 2009 and jumped by more than a multiple of ten in 2010 as compared to the base year. This rise is primarily attributed to the squeezing selling, administrative and general expenses as compared to the sales (Emaar, 2010). The expenses have risen by a minute proportion as compared to the handsome jump in the sa les. Total assets have shown a marginal fall of 3.8% and 6.26% in 2009 and 2010 respectively. This fall is attributed to the reduction in investments, receivables and intangible assets. Total Liabilities have seen a fall as well. It dropped by 7.39% and 18% in 2009 and 2010 as compared to the base year. Although, the group took up various debt financing facilities but, it was mainly due to restructuring of their previous debt. The market price has surged in the past two years by 70.8% and 57% in 2009 and 2010. The fundamentals in 2007 were better and AED 2.27 justified the price at that time. The market has developed since then but due to weak profitability in the last two years, the price has not jumped to a level which is satisfactory for the group. The price as of