Transportation And Logistic Chain Management Essay

Transportation And Logistic Chain Management Essay Abstract Purpose: to introduce the issue of the transportation and logistics chains. Finding: outlines how the individual papers affect debate on the nature and development of transportation in the supply chain. Originality: provides a summary of the perspectives studied within the transportation in the supply chain. Introduction My research is on the transportation and logistics chains. Products are transported between different places in different stages within a supply chain. The transportation has a large impact on both responsiveness and efficiency. Faster transportation allows a supply chain to be more responsive but reduces its efficiency within a supply chain (Chopra Meindle, 2007, p.53). Transportation has a significant impact, because it controls the speed of response and reply as stated in Newtons third law of every action there is always opposed an equal reaction. An example of Amazon is a company that sells products on the internet and uses UPS or FedEx, which is a transportation company that delivers products to customers. This is an example of transportation within a supply chain. In logistic today wrote article for Rosenau transportation gains real time visibility to customers. This article about Rosenau found solution to assistance improve dispatch, routing and customer service to provide re al time visibility to its customers, and reducing operating costs by making more stops in fewer miles. They also focused on improving the information it provides to its customers on delivery, pickup status, at same time correcting the efficiency and productivity of dispatchers and costumer service reps. Shortly it will be executing an advanced route optimization solution to reduce the miles driven, and fuel used and thus reduce the carriers environmental impact. (Rosenau Transport Gains Real-Time, 2009) According to, Sreenivas and Srinivas, due to the trend of nationalization and globalization in recent decades, logistics has advanced greatly since the 1950s and is still growing in various areas. Logistics has improved industries by optimizing production and distribution processes based on new management techniques that enhance efficiency and capacity competitiveness of enterprises (Sreenivas Srinivas). All companies seeking to expand their businesses to contribute in advancing the growth of sales as well as improve the methods to include all customers in various geographical regions, both by the high population growth or moderate. However, globalization has changed everything so that the companies paid to spend more money on transportation to reduce the time to ensure the delivery of products to the consumer of course, besides compliance with new government regulations. A factor that has made these companies to improve performance is the technology information, transportation, and logistics solutions. They have contributed to the mobilization of the stock of companies to enable them to obtain goods shortly as well as the right of access to customers; also, the right place at the right time along with it is likely that you will get a sale and delivery while reducing costs and enhance its services to avoid delays and fines. All companies operating in this area and for global programs with logistics, which includes transport and logistics functions only on the implementation of orders from inception to delivery of this position to gain visibility at home and abroad for the supply chain as well as lower costs and improve customer service. That all these components to ensure the quality of the application must examine the following possibilities: Transportation planning, transportation procurement, route planning, transportation management, small parcel shipping, and international trade logistics (infor). The important point in a logistic chain is the transportation that connects the separated activities. Transportation is jointing between stages in the supply chain. In other words, it is the way to move product from manufacturing to the final consumers and vice versa. This research focused on: Development of logistic The role of transportation in supply chain Modes of transportation Transportation infrastructure and policies Discussions and conclusions Development of logistic Definition Part of the supply chain process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers requirements. (Sreenivas Srinivas). In other words, the process connects all of the means of providing raw materials to, from the company, and to suppliers of transmission products. It depends more on the provision of logistics from raw materials to the network such as the transfer process, material handling from the beginning to the end of production and the sale, disposal of waste, and add customer to increase the competitiveness of the market. In general, the optimum utilization of investigative meet the demands of customers of any goods or services must provide the information to provide that service in addition to benefiting from the network to meet customer requirements in a timely manner. Either, Council of Logistics Management (1991) defined that logistics is part of the supply chain process that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers requirements. Johnson and Wood is definition (cited in Tilanus, 1997) uses five important key terms, which are logistics, inbound logistics, materials management, physical distribution, and supply-chain management, to interpret. Logistics describes the entire process of materials and products moving into, through, and out of firm. Inbound logistics covers the movement of material received from suppliers. Materials management describes the movement of materials and components within a firm. Physical distribution refers to the movement of goods outward from the end of the assembly line to the customer. Finally, supply-chain management is somewhat larger than logistics, and it links logistics more directly with the users total communications network and with the firms engineering staff (YUE, TSENG, TAYLOR, 2005) The role of transportation in supply chain I mentioned in the beginning of my papers the transportation is referring to the movement of any product from one location to another. Transport refers to the movement of products from one place to another and that the beginning of the supply chain in dealing with customers. Where is the new vision and wide in the work of transport, including supply chain management and logistics, and procurement. The cost of shipping and transport, for example, arrived in shipping and transport costs in the United States almost 6% of gross domestic product. Many manufacturers and retailers were able to use the state in managing the supply chain to reduce inventory and storage costs, with the possibility of delivery to the client quickly. Any successful supply chain linked to the use of a large and adequate transportation. For example, Wal-Mart has been used effectively respond to the transportation system to reduce overall costs. In developing countries, Wal-Mart is running across the docking, a process in the product that is exchanged between the trucks so that each truck to go to a retail store and product suppliers a different form. At the same time, the exponential growth in shipment from China to create opportunities for bottlenecks on both. That is where many leading companies that having invested in the purchase of large offices in China, India, and elsewhere. From this point shows that are two keys players in any means of transport that takes place within the supply chain. Shipper is the party, which requires the movement of product between two points in the supply chain. Carrier is the party who moves or transports the product. For example, when Dell uses UPS to ship the computers from the factory to the customer, Dell is the shipper and UPS is the carrier. Transportation in supply chain cost Chopra and Meindle stated for two kinds of transportation cost: Inbound transportation costs are the costs that included the bringing material into a facility. Outbound transportation costs are the costs that sending material out of a facility. The relationship between both is the outbound transportation cost per unit is higher than inbound costs because the inbound is typically larger. (Chopra Meindle, 2007,p78). They also mintioned increasing the number of facilities can decrease total transportation cost, which refer to the figure Modes of transportation The supply chains follow combination modes of transportation following: Air fright logistic (air) Airfreight logistics is very important in industries and services to complete the supply chain and functions. Where they provide with the speed of delivery, as well as a reduced risk of damage, security, flexibility and ease of access to good views of the ordinary, but the disadvantage is the high courier fees. Reynolds, Feighan (2001) and said air cargo logistics is selected when the value per unit weight and relatively high speed of delivery is an important factor. The properties of airfreight logistics in the following: (1) aircraft, airports and separated. Therefore, the industries only need to prepare aircraft for its operation. (2) it allows for faster delivery in long-haul destinations. (3) air freight transport is not affected by the terrain. The data indicate that the transport of goods in the market continues to grow. There is a view of the directions of global markets and logistics and air cargo also to change their services. Future directions for the development of airfreight, and integration with other transport modes, and the internationalization of the coalition, and the integration of the airlines and the pattern of the future of logistics, and air freight to cooperate with other modes of transport. Such as sea and land transport, to provide service on the base just in time, and transport from door to door. (YUE, TSENG, TAYLOR, 2005) Land logistic (truck, rail, water, and pipeline) Land logistics is considered very important in the logistics activities. They are providing services for air transport and maritime transport from airports and ports. Additional logistical capacity, the positive ground is the high-level access in the wild. The major means of transport logistics land transport by rail, road transport and pipeline transport. For rail transport to and comparative jeopardy of high endurance capacity, the less the impact of climatic conditions, and low power consumption, but that the disadvantages of high cost of basic facilities and the difficulty in the cost of maintenance, with the lack of flexibility of the pressing demands, and time-consuming in the organization of railroad cars. As for the transfer of land, he has the advantages of investment funds cheaper, and ease of access is high, and the mobility and availability. On the other hand, Disadvantages, low capacity, low and safety, and slow. The advantages of pipeline transportation of high capacity, less the impact of climatic conditions, and cheaper the process of drawing, and the continuation of the means of transport; disadvantages of costly infrastructure and the difficulty of control, goods, specialization, and needs regular maintenance. The excessive use of road transport also brings many problems, such as traffic congestion, pollution and traffic accidents. In the future, to improve road transport in the transport efficiency and reliability, a revolution in the field of transport policy and management is required, for example, pricing. (YUE, TSENG, TAYLOR, 2005) Package carriers Package carriers are transportation copmanies such as FedEx, The United States Postal Service (USPS), and the Uninterruptible Power Supply (UPS), The package can be small because the backage cariers use air and should weight about 150 pounds, also package carriers are expensive and cannot compete with less than truckload carriers on price for large shipments. Thus, shippers use package carriers for small and time sensitive shipments. Package carriers also pickup the package from the source and deliver it to the destination site. With an increase in just in time (JIT) deliveries and focus on inventory reduction, demand for package carriers has grown. (Chopra Meindle, 2007. P389) For example, the goal of DHL is nothing less than to transform the logistics industry and to deliver beyond our customers expectations wherever and whenever they need us by offering the most comprehensive suite of services and becoming the only genuine one-stop source for logistics solutions, globally. The supply chain in package carrier for DHL express is the flow of goods, within information and finance. It starts by sourcing raw materials which content semi-finished goods, that are scheduled and transported into factories to be made into finished products (see Diagram up). Then pass through warehouses or distribution centres and are delivered to retailers, wholesalers or direct to consumers homes or business premises. Finally, aftermarket activities involve the maintenance and repair, or the return and recycling, of products at the end of their life. Supply chain planning optimises overall flows and inventories, by balancing resources with demand at all stages. (DHL) Transportation infrastructure and policies The transportation is infrastructure that means roads, seaports, airports, rail, and canal. All these exist along nodes and links of transportation network. All countries are taken responsibility a significant role in building and managing these infrastructure elements. The transportation and infrastructure focuses on operational and policy issues within transportation and infrastructure areas that affect logistics operations. Discussions How can quickly deliver products to consumers with a common consensus on the control operators? That the integration of logistics services and e-business is the current trend is currently in some companies. In order to obtain position that is more beneficial and building a complementary relationship, which is its reliance on networks and industries, such as Yahoo and E-Bay, and often cooperate with the logistics industry. Integration can reduce the middle-level procedures. For example, producers can immediately provide products to more customers of the station. To reduce costs by more efficiently. Besides, companies do not have to take inventory and warehouse costs only, and therefore it becomes a modern industry of the lower cost and more efficient division of specialization. For example, customers can obtain an order of goods shops. Through E-logistics, and the state of competition in industries could be promoted in the knowledge economy. Moreover, to promote business activities should include transport systems in various stages. The integration between different applications is to provide comfort through the promotion of the system of information flow and business processes. For consumers and businesses can make more efficient and easier than through the assistance of e-commerce and the Internet. With physical delivery, still rely on the transportation system to end processes. The cost of transport may be one-third of the cost of logistics. At the same time, transport systems and techniques required in almost every activity of logistics services. And therefore the reform of patterns of business for consideration in transport systems. Conclusion I have tried to cover papers on the part of the scope of logistics activities of transportation systems and attempts to determine the role of transport in transport systems and logistics. Knowing that is the most of the major contents of the research include a review of the development of logistics services, operations and personalities from different transport activities, logistics, and logistics applications in various fields, and logistics city, and the future direction in the development of logistics services, and cooperation with the transport regulations. To summarize, logistics, transport, and some importance in the supply chain must be. First, the transport system and supply have a more and more important in our society. Next, transport and transport systems, logistics and interrelationships that the needs of logistics management and transportation of the implementation of its activities at the same time, it can be to the success of the transport system and supply help to improve traffic and transport, environment and development. Third, as it contributes the highest transport costs among the relevant elements of logistics systems, and improve the efficiency of transport can alter the overall performance of the transportation system and supply. Final, play and transport an important role in the logistics system and activities appear in the various sections of logistics services. Without linking transportation and logistics, services cannot be a powerful strategy to bring its full play. Review of the Transport and Logistics in a broad sense may help to integrate the benefits of different applications of cases to overcome the disadvantages of the present. On the other hand, Review of the transport systems and provides a clear idea on the applications in transportation logistics. The development of logistics services will still be active in the following decades and logistics that can be applied in other areas.

European Politics Essay

European Union has a evolutional history. Many Countries struggle to attain Independence’s this the only aim of the European Nations’struggle? This paper has discussed the reasons there struggle some being to attain Independence, others needed to be autonomous and others wanting to unite with Russia. They faced many challenges, and were organized in parties. European politics is involved with the continuous political evolution. Due to the high political unity amongst European states as well as the state’s long history, European politics is more detailed compared to other continents. The European political make-up has been contributed to by its historical events, culture, economy and its geographical location. European Union is dominant in the modern European politics. This occurred since the collapse of the Eastern Bloc of communists’ states and the fall of iron curtains. After World War II the EU expand towards the East and included 27 states as members. These states are represented in the European parliament. European has been undergoing political transformation even since 1763 to 1787. After the seven years’ war (1756-63) there was a stability period of peace. In 1702-1714, there was the war of the Spanish succession, and this was after many years of the great World War. This war took fifty years. Some British and French statesmen had tried to create a long lasting peace by use of collective security, but the old contests had not stopped after the Utrecht-Rastatt’s peace and some more including Northern Europe, Germany, Near East and Italy developed in the succeeding decades. It was in the seven years’ war of 1756-63 when a climax of forty years of imbalance of struggle for power was reached. This war was bigger than the war of Spanish succession and more blood was shed, and ended up with its fighters tired of fighting and exhausted. The results were decisive in continental theatres as well as in maritime, but in varying at up. Spain was defeated by Britain in the fight for colonies and seas control defeated France on sea, and by Prussia on land. This made France to collapse financially. The aggressive spirit of King Frederick the Great of Prussia was decreased at the end of war. European states are part of the international organizations which are political and economically. Almost all European states are members of European council which is the only Pan-European organization. The activities of the European council are programs that harmonize regulations and law amongst the member state in citizenship, bioethics. Heritage protection the linguistic and cultural minority right among others. In other terms the council can be related to regional version state jointly related to government and national union. It plays role as a market, with customs union, common policy in Agriculture and Fisheries as well as acting as a single currency with thirteen of its twenty seven members adopting. This union constitutes the largest economy worldwide consisting 2007 nominal GDP of 15. 849 million USD. The union primarily started as an economic union before evolving into a political policy, and this has been contributed by the many political areas within EU competence. There has been a debate between and within some member states concerning more development in political competence of EU. There was a military alliance of European states together with United States of America and Canada, commonly known as North Atlantic Treaty Organization (NATO), which was founded as a collective security as a result of World War II. This alliance targeted to provide defense incase the Soviet Union attacked the European allies of United States. The attack was to be treated as if it had attacked the United States bearing in mind it was composed of the largest military. They expected to get the best defense, but the Soviet never invaded Europe, instead the alliance was involved in September 12th 2001, responding to the previous day’s attack on the United States. GUAM organization for Democracy and Economic Development was formed to counter the Russia’s influence in that area. This group constituted four common wealth independent states (CIS) that is Georgia, Ukraine, Azerba-Ijan and Moldova, though it was encouraged and backed up by the United States. It reached a time when it appeared to have ceased its operation but there is a possibility to revive its operation through developments. The common wealth of the independent states (CIS) has few supranational powers, but it’s a symbolic organization that has power to coordinate trade, security, law making and finance. It came up with a full-fledged free trade zone between its members, who are 12 states of 15 states of former Soviet Union, excluding Baltic States, in 2005. This confederation has enhances cooperation on democratization and has prevented cross border crime. In devolutionary pressures, movements requiring independence or autonomy varied in politically and popularity support depending on campaign, and the kind of movements Georgia has two region and wanted to join with Russia, in Italy, there was a small independent movement, and the Lega Nord, the Italian political party, supports, blamed southern Italy for blocking progress and getting tax funds away and condemned them as racial nationalist group. On the other hand it supported the Northern Italy. Italy is to be divided into two countries, the North and the South. In Netherlands, Frisian National party sought autonomy for Friesland without caring about Fresian culture and without striving for total independent. Transylvania belonged to Austria-Hungary before the Treaty of Triarion. There is small minority Hungarian ethic who felt like reuniting with Hungary. These are habitants of Romania. The North Caucasus border of Russia, supports has movements in search for independence. The English Democrats in United Kingdom saw the need for England to devolve. In United Kingdom is composed for a mixture of many parties with different wills. In this state, there are movements and parties that needed independence and at the same time some parties wanted to be incorporated in the Republic of Ireland thus saw not need of the province being in the union. After the election of Victor Yuschenko as a president some areas in Ukraine wanted to join Russia. Ukraine did not only have movements that wanted complete independence, but also the urge to get higher autonomy, after uniting with Russia. Though some autonomous regions of Spain are peaceful, they violently acquired the peace. In 2006, there were international negotiations to define final status of Kosovo a Serbia’s province, which all through had territorial and political dispute between its ethnic population and the Serbian government organization. In 1532, some movements in Northern France lost independence, and they wanted to regain it. These countries in the State had different needs as pertains the movement’s nature or rather composition to the kind of campaign. These needs or rather goals varied from attaining autonomy, attaining independence or the need to reunite with Russia. The Unions’ membership enlargement poses a political issue trying to know from the diving the extent at which the block should move. The block location in terms of size and the fear of the block moving very far and including other regions created a challenge to the European Union. European nation is divided into council, parliament council of European Union and commission. The commission has the mandate to Rome up with registration and the use of law each member state is represented by a member. President comes from the commission. The union’s prime minister has different powers with the president Directorate-General (DG) and commissioner, but they have similar roles. The councils have no delegated power to the union’s supranational institutions, and have no treaties official power. The head of state has similar roles to council. Legislative branch of the union incorporate parliament and council, whose formation differs as in the parliament is elected directly while the council is formed and mainly of national ministers. Insensitive areas have lower control of national minister. The powers in the union are given according to pillars. These pillars are usually three; the first one being that of community, the second is Common Foreign and Security Policy (CFSP) while the third is ‘Police and Judicial Cooperation in Criminal matters (PJCC). Just to mention, the 1st First pillar entails common Fisheries poly, Agricultural policy, Environmental law, Immigration Poly, Education and culture among others. The second pillar has security policy and foreign policy and the third pillar deals with human beings trafficking Fraud and bribery, terrorism, weapon smuggling among others. Each pillar’s principles differ on intergovernmental and supranational basis, supranationalism being higher in 1st pillar. After every five years by adult suffrage, votes are casted. Despite having no voting system, there should be a ratio in representing either singly or under a party the area at which the votes casting is done can be in whole or subdivided, and election threshold should be below five percent. The European law requires to be bound to. The union makes legislative acts and all its members are expected to bind to a direct applied law (regulation, a framework of objectives in which a national law in order to achieve its goals, and a decision based on particular issue are the key forms by which a union can present its legislative acts. (Hay&Menon,2007). European bases their constitution texts on their treaties. The role of the European treaties is to form institution which are given aims of the union, which are set also by the treaties and the institution should always aim at attain the set aims. Currently the European integration is under four treaties, namely; the Treaty of European nation which was put to work in November 1993 after it was signed on 7th February 1992 in Maastricht. This treaty was involved with security policy and Home Affairs. The Treaty showing European Economic Community (ECC) which was put into action on 1st January 1958 and was signed at the same time with Euratom treaty, in Rome on March the 25th of 1957, and due to the place at which it was signed, its usually also referred to as the Treaty of Rome. The treaty of Paris was put to work on 23rd day of July 1952 but expired on 23rd day of July 2002. It was signed on the 18th day of April, 1951, and was involved with putting into place the European steel and coal community. The forth treaty was involved with the development of European atomic Energy community which is commonly referred to as Euratom Treaty and was signed at Rome on the 25th day of March, 1957. There were times when these treaties expired or required additional or subtraction of some of its terms and roles thus the need for changes and reforms. European political party is obliged to operate transitionally in the state, and is usually funded and recognized by the European Union. Their formation is usually bases on partly parties in the whole Europe. As per the European parliament and commission as there were ten (10) recognized parties by 2006, namely European People Party which was the first to be formed, then the European Socialist Party was formed, followed by European Liberal Democrat and Reform Party, the Free Alliance European Party, the European Areas Party, Alliance for Europe of the Nations, European theft party, European Democratic party, Alliance of Independent Democrats in Europe and EU Democratic, which were formed respectively. These parties mostly consider co-operating and working as a coalition as this makes them stronger and gives the party a chance to get higher financial fund rate from the parliament at the same time ensuring they have access to committee’s seat which an independent party can afford to access due to the cost. To enhance the uniting of parties, however requires that the member states votes for the Groups MEPs should not be less than one-fifth, that its MEPs can create a group of their wish, that all MEPs in a group should be registered in only one group and that, a groups MEPs should be of the same political goal. It’s only after fulfilling these requirements that two groups can join and unite to for a coalition thus enjoying the privileges. The Groups can either be organized from many European parties, national parties or be made of MEPs of a single European political party. An Account of the changes that the European Socialist Parties have undergone since the Second World War. European Socialist Part (PES) in a party in the European political party composed of equal number of labor, social democratic, and socialist parties from members’ states of European Union and also from Norway. The socialist party constitutes socialist group in parliament which is composed of more than 200 MEPs thus making the group to be second largest, in the European parliament. This socialist group was there since 1953 and the socialist party was formed back in 1992. Ever since it’s the party held the largest single group position in the parliament. After the party’s formation in 1953, socialist party Henri Spaak was elected first president, with Guy Mollet elected the first bureau and secretariat apart from being the chair. The socialists attempt to produce a common European socialist’s program in 1961 being outlaid by an enlargement application. Despite their congress trying to enhance more democratization, and parliament powers in 1962, it took them longer than they expected since this was considered in 1969, after Kate Strobel MEP winning the 1st woman chair. They continued to achieve and rule and in 1971’s elections saw their member, Walter Behrendt as the second parliament president. It took few years since then when other states joined the community and brought with them some more parties, which enlarged the community as well as the congress. These states included Ireland, United Kingdom and Denmark and after meeting they made social policy in which they were entitled to democracy, equality and give them the right to work in the European economy. Elections were carried out again in 1975, and socialist Georges Spe’nale was as the parliament’s president. After the union with Ireland, Denmark and United Kingdom, a confederation of the European communities’ socialist party was formed. Their was an election manifesto, which the confederation signed after the parliaments first direct elections in 1979, and the manifesto objective was aimed at ending discrimination, promoting peace, fighting pollution and ensuring the ability to decent work among others. They were the largest group in the parliament. Two years after the direct election, its first status was signed and they united with other states like Greece, Portugal and Spain made this party to increase. It did not take the Group long before they saw the need and the privileged of cooperation; in 1987 they cooperated with people’s party group thus increasing their number. (Grolier, Inc, 2002). In 1992, the already existing confederation was changed to party of European socialist, whose manifesto had more issues to deal with compare to the election manifesto and the added areas included gender equality, fighting organized crimes and democracy among others. The party had its second leader in the 1994’s election after the party won two hundred and fifteen (215) out of the available six hundred and twenty six (626). After a five year period of ruling, the parliament refused to sign for approval of the commission’s EU budget handling, and this lead to crisis. This was because of the allegation of corruption made to two of the socialists’ members. The socialists tried to bloc the order made by the commission that the member’s concerned had to resign, by their president trying to vote confidence vote in the commission, since the PES took the issue as a false allegation made to stop them from participating in the year’s election. Since socialist were the majority they were on the government side, they decided to stop helping or rather supporting the other party thus facilitating santer commission’s to resign. After the five years of ruling, elections was carried out, the socialists lost the votes to people’s party with the winning party attaining two hundred and thirty three the socialists had only one hundred and eighty. In the 2004 elections the socialist party lost once more by getting only two hundred seats in seven hundred and thirty two seats. The European Political history has been an evolutional process. The struggle was aimed at either attaining independence, or becoming autonomous. The European politics is composed of the parliament headed by a President from a party with the majority seats, the commission, and a council. Each of its constituent has its mandate and powers. The Socialist’ Party headed in the parliament longer till 1999.

The Value of Human Life - 1514 Words

The Value of Human Life: A Comparison amp; Contrast on Various Models Employed Faculty of Economics Outline There is increasing debate on the question in what value should be placed upon human life. Numerous agencies and policy makers have taken great interest in tackling the issue of human life valuation. Although there is increasing controversies that surround producing estimates for valuing a human life, it is imperative to understand the importance of reaching an economic value attached to a human life. The ability to successfully quantify an individual’s life would provide policy makers a type of compass that would aid them in creating advantageous health policies for an entire society. This paper aims to analyze the†¦show more content†¦Thus, standard HK estimates incorporate a zero value for persons without labor income such as retired individuals with only investment or pension income†, (Landefeld amp; Seskin, 1982). The advantages in using the HK model are two-fold. Primarily there is relative ease in using the HK model as the data that is necessary to compu te the model is not difficult to obtain. Moreover, the HK model provides numerical estimates from indisputable measures without including any objective numbers based on unquantifiable data. The object of the HK model is to place a monetary value on human life from purely economic and productive measures by measuring labor force participation and projected earnings, in which the HK model succeeds. According to Card amp; Mooney however, the HK model has two main weaknesses â€Å"First it takes no account of either the existing decision-making processes in the Health Service or the views of the individual patients at risk. Secondly, it implies that the objective of health care is to add to the productive capacity of the nation, which is true but it is not the sole objective†, (Card amp; Mooney, 1977). In light of the limitations in the HK model, a model that takes a more comprehensive measure of the private valuation individuals place on small reductions in risk and the probability of death. This model is named as the Willingness to Pay Model (WTP). According to Landefeld amp; Seskin the WTP model would take intoShow MoreRelatedValue of a Human Life1400 Words   |  6 Pages Value of a Human Life What is an individual worth in currency? From birth an individual is worth something. Individuals tend to value life with emotion and ethics. Money is not usually placed into the equation of valuing human lives when one thinks about it. Society however, is all about money. People are life and it costs to live. There is always a need for money in life and society acknowledges that. Death is the absence of life, so what is the end value of an individual when life is over? ThisRead MoreThe Value Of Human Life907 Words   |  4 PagesValue of human life Everyone thinks human life is valuable. 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A person must be able to have autonomyRead MoreEssay on Capital Punishment Cheapens the Value of Human Life1588 Words   |  7 PagesI have the infallibility of human judgment demonstrated to me†. Why? The following quote by Stewart J sums it up perfectly in that: [T]he penalty of death differs from all other form of criminal punishment, not in degree but in kind. It treats all persons convicted †¦ not as uniquely individual human beings, but as members of a faceless, undifferentiated mass †¦ subjected to the blind infliction of the penalty of death. Death, in its finality, differs more from life imprisonment than a 100-yearRead MoreEuthanasi A Debate Of Morals, Ethics And The Value Of Human Life2388 Words   |  10 Pagesdebate of morals, ethics and the value of human life. Those against euthanasia focus on the word killing, but it is the person doing it to themselves and not someone else especially someone out of vengeance or criminal act. For some it is even a religious stance and say it is God’s will and only he shall decide when someone dies. More importantly those against it fail to see it is about an individual who is terminally ill should have the right to end their own life. Those against euthanasia argueRead Moreranscendentalists Emerson and Thoreau, Recognize the Value of Human Life599 Words   |  3 Pagesphilosophy that valued life and recognized the importance of the human person. They understood that every person has worth and a part to contribute to the world. Abortion, the intended killing of a human life, goes against everything these great men practiced and believed. Man can comprehend this through the use of our own individual intuition and moral courage. The term Transcendentalist describes a group of people who came up with a new approach to solve the conflicts of life. They would look toRead MoreWe live in a society where a life of another human being is losing value by the minute, murder is900 Words   |  4 PagesWe live in a society where a life of another human being is losing value by the minute, murder is almost more common than marriage, and monsters no longer lurk under our beds but inside us. Even sadder, this is acceptable; this is our normal. When we are children, we have an indescribable innocence; we are invincible. As we grow up, life happens, and we go through hardships that break us. Stephen King says it best with the words â€Å"sometimes inhuman places create human monsters† (Stephen King, The