Freakonomics Essay - 1424 Words

The book Freakonomics by Steven D. Levitt and Stephen J. Dubner, is designed to pose fundamental questions concerning economics using a variety of imaginative comparisons and questions. Examples of these comparisons and questions can be seen in the list of contents, with chapter titles such as â€Å"How is the Ku Klux Klan like a group of real-estate agents?† and â€Å"Why do drug dealers still live with their moms?† Not everyone is interested in economics, but with titles that grab attention, it is almost impossible not to pick up the book and read it for yourself. The two chapters of Freakonomics I will be analyzing are â€Å"What do Schoolteachers and Sumo Wrestlers have in common?† and â€Å"Perfect Parenting, Part II; or: Would a Roshanda by any other†¦show more content†¦Often, cheating is used to try and win, however there are several sport institutions that use cheating to lose on purpose. In Japan, a wrestler’s rank determines how much money they make, how much they are allowed to eat, sleep, and take advantage of successes. The top sixty-six ranked wrestlers in Japan make up the ‘sumo elite,’ and have significantly better lifestyles and luxuries than the wrestlers below them. To raise their ranking, a wrestler must win at least eight of the fifteen bouts (rounds) at one of six tournaments per year. If a wrestler does not get eight wins, their rank is lowered, and they can even be removed from the ‘sumo elite.’ Since getting at least eight wins is so crucial, seven wins is the tipping point for many wrestlers to make deals, bribes, and promises. For example, a wrestler with a 7-7 record fighting a wrestler with an 8-6 record on the final day of the special tournament would be desperate to reach eight wins. The predicted chance of the 7-7 wrestler winning is 48.7%, however the data reflects the actual chance of winning at 79.6%. When the wrestlers return to normal tournaments, the data shows the 8-6 wrestlers almost always win when fighting the former 7-7 wrestlers. This data suggests that wrestlers who are desperate to raise their ranking and stay in the ‘sumo elite’ collude with opponents to ensure themselves a win during the special tournaments. Sumo wrestling is the national sport of Japan,Show MoreRelatedFreakonomics Essay737 Words   |  3 Pagesthe result was Freakonomics, a book that claims to explore the hidden side of everything, using real-life examples such as studi es and polls conducted by Levitt to explain how economics is everywhere, that economics is how the world really functions. Through everything from analyzing the inner thought processes of real-estate agents and crack dealers, to predicting the next popular baby names, Levitt and Dubner guide readers to think differently, ask questions, and to use â€Å"Freakonomics† in their dailyRead MoreFreakonomics Book Review Essay630 Words   |  3 Pagesat math, I don’t know a lot of econometrics, and I also don’t know how to do theory.† This marks right away Lennits to a different approach of ways to get his audience attention, he steps outside of the boundaries most people in society live by. Freakonomics, is a book that really triggered my imagination as a kept on reading, I really loved it. I myself started asking myself a great amount of questions that I had never looked at before. Especially toward the end that he asks the importance of onesRead MoreFreakonomi cs and Misconceptions of Economy Essay1244 Words   |  5 PagesA number one bestseller many say is grasping in amazement: Freakonomics is said to unravel the untold stories of life. Steven D. Levitt and Stephen J. Dubner break common misconceptions of economics by revealing its true science. Freakonomics shatters the view of economics being an arid study of finance and markets. They pull in information to make inferences on past occurrences subtly influence on the present. Freakonomics packs punches with its countless number of tables and figures, serving asRead MoreEssay Freakonomics chapter 1 summary688 Words   |  3 Pagesï » ¿Freakonomics Chapter 1 Summary In chapter one of Freakonomics, Stephen Dubner and Steven Levitt describe how when incentives are strong enough, many usually honest people from different walks of life will cheat in order to gain financially or climb the ladder in their careers. The authors define an incentive as â€Å"a means of urging people to do more of a good thing or less of a bad thing.† This chapter covers three varieties of incentives: Economic, Social and Moral. Economic incentives motivate peopleRead MoreFreakonomics Essay811 Words   |  4 PagesFreakonomics Book Report In chapter 1, Levitt and Dubner describe how many people in different cultures and walks of life, which are otherwise inclined to be honest, find subtle ways of cheating to advance their position or increase monetary awards when incentives are strong enough. The authors define an incentive as â€Å"a means of urging people to do more of a good thing or less of a bad thing,† and identify three varieties of incentives. Economic incentives are those, which a person responds toRead MoreAnalysis Of The Book Freakonomics By Steven D. Levitt1195 Words   |  5 PagesIn the book Freakonomics, by Steven D. Levitt and Stephen J. Dubner, is made up of a series of scenarios in which an economist and a journalist apply basic principles of economics to demonstrate that information can often expose interesting truths about how the world operates. It uses the science of economics and specific data to challenge our assumptions about everything. In the book Freakonomics by Levitt Dubner, com pares and contrasts two groups of people or things by using their informationalRead MoreAnalysis Of The Book Freakonomics By Steven D. Levitt750 Words   |  3 PagesThe last section in chapter two of Freakonomics, written by Steven D. Levitt and Stephen J. Dubner, attempts to answer the following questions; â€Å"How forthright (and honest) are people when it comes to sharing their personal information,† and â€Å"what kind of information in personal ads is considered the most (and least) desirable† (74)? Throughout this section the authors provide statistical data from an online dating site, which encompassed more than 20,000 users. This data showed that not only areRead MoreThe Importance Of Faulkners Nobel Peace Prize Acceptance Speech By William Faulkner1405 Words   |  6 Pageswriters that Faulkner was speaking to, they would fulfill his wishes. Over 50 years later, University of Chicago economist, Steven D. Levitt, and New York Times journalist, Stephen J. Dubner, combined their knowledge and skills and created the book, Freakonomics. The book follows an economist, Levitt, as he explores the â€Å"hidden side of everything† and explains it all in a different, unconventional perspective. It takes on the topic of morality and economics as he, along with Dubner, ask and answer manyRead MoreEssay on Review of Freakonomics1663 Words   |  7 PagesReview of Freakonomics This chapters main idea is that the study of economics is the study of incentives. We find a differentiation between economic incentives, social incentives and moral incentives. Incentives are described in a funny way as means of urging people to do more of a good thing or less of a bad thing, and in this chapter we find some examples Ââ€"publicRead MoreThe Book Freakonomics By Steven D. Levitt2418 Words   |  10 Pages The book Freakonomics by Steven D. Levitt and Stephen J. Dubner consists of a series of essays in which a journalist and an economist work collectively to find, by applying everyday economic principles, how the world truly works, which reveals some fascinating truths about the world. Some background history of the authors, Steven D. Levitt interviewed Stephen J. Dubner for New York Times Magazine and this is where they initially met and became good friends. With them having similar ideals about

The Effect Of Exercise Training And Nutrition Therapy On...

EFFECT OF EXERCISE TRAINING AND NUTRITION THERAPY ON FUNCTION, FATIGUE, AND PAIN IN WOMEN WITH FIBROMYALGIA Research Question: What is the effect of resistance/aerobic training and nutrition therapy on function, fatigue, and pain in women with FM? Abstract Background and Significance: Fibromyalgia (FM) symptoms such as pain and fatigue can have a severe impact on function and quality of life. The exact etiology of FM is unknown, consequently there is no single best treatment. Studies have shown that exercise plays a role in modulating adverse symptoms of FM. Aerobic exercise has clearly been shown to improve symptoms, but strength training still needs further study. Theories have also suggested that nutrition may be linked to FM; whether it is a cause or effect is still unknown. This study will examine the effects of exercise training and nutrition therapy on function, fatigue, and pain in women with FM. Subjects and Methods: Subjects will include 594 women diagnosed with FM. There will be 4 groups: an exercise group, a nutrition therapy group, an exercise and nutrition therapy group, and a control group who will receives information on FM. The intervention will last 14 weeks. Weeks 1-7 will be a buildup period and weeks 8-14 will be a period where subjects exercise for the recommended dose based on the American College of Sports Medicine guidelines. Follow-up measurement will be performed at 6 months. The fibromyalgia impact questionnaire (FIQ), multidimensional fatigueShow MoreRelatedThe Agent For Heart Failure1524 Words   |  7 Pagesthe efficiency of the client’s heart rate. Mauro and Mauro (1986) explain the function of Dobutamine is identical to the physical training effect that is comparable to exercise. I will be illustrating an overview of this chosen drug and describes how it can help boost the pumping action of a weakened heart and improve the client’s exercise tolerance. Thesis Statement: Dobutamine treatment and physical therapy can benefit clients with heart failure, enhance overall cardiopulmonary conditioningRead MoreDischarge Plan for Patient Who Underwent Total Hip Replacement3417 Words   |  14 Pagescase study the patient lives alone during the recovery from the surgery, so the effects of social isolation and psychological factors on the recovery process are also explained. Assessment of the Situation: After the assessment of Mr. Trosack medical conditions, the three healthcare issues that present are identified as (1) high fall risk, (2)the insufficient family support, (3) the pain issues that are resulted from the hip fracture and the total hip replacementRead MoreEssay about Cerebral Palsy2810 Words   |  12 PagesSurveillance of Cerebral Palsy in Europe (SCPE), primary elements agreed necessary in the definition of cerebral palsy are that it is a group of disorders which are permanent but not unchanging, involves a disorder of movement and/or posture and of motor function, and it is due to a non-progressive interference of a developing fetus brain (Surman, et al., 2009). Epidemiology Cerebral Palsy has a birth prevalence of nearly 2 out of 1000 live births and is the largest cause of physically disabled childrenRead MoreRunning Head:Integrating Registered Dietitian Physician3261 Words   |  14 PagesKolhmeier, and Steven Zeisel, only 30% of medical schools require an actual separate course in nutrition. Although their curriculum may include nutrition throughout the many different courses a physician has to take, this is an inadequate amount of time being spent on nutrition to be considered and expert in this field, which results in the vitality of having and maintaining a RD on their team. Nutrition can prevent and help treat many different problems that arise in clinical care and the differentRead MoreHealth Care Plan For Nursing Practice2095 Words   |  9 Pagescare is our next project and is used as a guarantee of quality and continuity in care. The nurses have a specific function: help people meet their basic needs, while maintaining a professional role . For this study, a patient with the initials XX has been selected. XX is a woman, 96 years-old, and weighs 140 pounds. The patient is post-hospitalized from a fall that left her with left hip pain. This study has been conducted to respond to the needs of the patient, and, thus, puts into practice the knowledgeRead MoreSymptoms And Treatment Of Acute Coronary Syndrome5520 Words   |  23 Pagesnon-ST-elevation myocardial infarction (NSTEMI), and unstable angina CLASSIFICATION †¢ Based on electrocardiogram (ECG) 8 ââ€"‹ Acute chest pain and persistent (20 min) ST-segment elevation – Defined as ST-elevation acute coronary syndrome (STEACS) and generally indicates acute total coronary occlusion. – Most developed ST-segment elevation myocardial infarction ââ€"‹ Acute chest pain without persistent ST-segment elevation – Accounts for 75% of all cases of acute coronary syndrome 2 – Defined as non-ST-elevationRead MoreA Close Look at Rheumatoid Arthritis Essay3756 Words   |  16 Pagesrecommendations by the International Task Force of Rheumatologists (2010) treatment is aimed at remission, reduction of the inflammatory response, pain control, conserving joint function and preventing and/or halting joint destruction. Medications used to treat RA fall into two categories: fast acting and slow acting. Fast-acting medications typically address pain and inflammation. Medications include but are not limited to anti-inflammatory drugs such as aspirin, ibuprofen, Celebrex and corticosteroidsRead MoreCongestive Heart Failure Essay6560 Words   |  27 PagesInvestigated Disease Process Congestive Heart Failure is a condition in which the heart is unable to pump a sufficient amount of blood for the body to function. If the heart’s ability to pump blood decreases, blood and fluids may start to pool into the lungs and accumulate in the legs, ankles, and feet causing an edema, shortness of breath, and fatigue. (Heart Failure, 2015, para. 2) The American Heart Association and American College of Cardiology defines heart failure as â€Å"a complex clinical syndromeRead MoreOverview of the Impact of and the Response to Heart Disease2345 Words   |  10 Pagesstory and trying to figure out ways to prevent another one from happening can be very beneficial. Rehab consists of two parts. The first part is exercise training. This will help improve the muscles. The exercise plan will be different for each individual. It will be based on their bodily functions. The second part is education, counseling and training. This part helps you understand the aspects of the heart and ways to reduce the chances of future heart problems. Recognizing the symptoms of aRead MoreEnhancing Athletic Performance While Reducing Injuries Essay1779 Words   |  8 Pagesseason, using appropriate equipment, do not over train or train while hurt. Enforcing rules helps prevention of dangerous use of sticks and careless play of the ball. Also seek medical attention sooner rather than later and get adequate nutrition. Injured people should not be moved unless they them self say that it is ok. If more attention is paid to extrinsic and intrinsic risk factors, injuries can be a lot less frequent. The same injuries can occur in many different sports

Organisational Behaviour Social Media Integrated Technologies

Question: Discuss about the Organisational Behaviour for Social Media Integrated Technologies. Answer: Introduction To Social Media Social media is an integrated technology which helps the users to generate their own contents and share through different connections. It is associated with Web 2.0 technology that is used for integration, collaborating and interacting. Examples of social media tools include social networking sites like Facebook, Myspace, Bebo, etc. Next come microblogging like Twitter. Content communities like YouTube, Pinterest. Blogs include WordPress and other blogging sites. Podcasts consist of iTunes, etc. Wikis, forums, email are also included in social media. Social media has many characteristics includes immediacy, interaction, audience and scalability. It helps to interact and engage with the community and the agency to improve communication and relationship. People from different professions have embraced social media. Enterprises of different sizes are achieving tremendous benefits by using these tools to reach out to customers and various communities in a short span of time (Van Dijck 20 13). Advantages Connectivity- Connection is the first and foremost advantage of using social media. People from around the globe can share their ideas by a few clicks with the help of social media. Education- It is a boon for the students and the teachers to interact with different experts and professionals around the globe in different time zones to get updated in ones own field or learn a new language without spending a single penny (Tess 2013). Information and Updates We can receive latest happenings around the world with a few research and get the true information. Helps Government and Agencies Fight Crimes- It helps the organizations to fight with the criminals and get access to valuable information. Promotional Tool- We can promote our business to a large audience through digital marketing and advertising and can connect with the right audience (Laroche et al. 2012). Disadvantages Cyberbullying- PewCenter.org states that many children have become victims of cyberbullying through threats, unwanted messages and rumors that creates a chaotic situation in the society (Grzig and Frumkin 2013). Hacking- Privacy is a big issue as everything is shared in the internet. Identity theft is a big problem which led to monetary losses which were hacked by the hackers. Personal social networking accounts are also hacked which have affected the personal lives of many people. Health- Excessive usage of social media leads to deterioration of health and brings chaos in ones life. Relationship- People use social media platform to propose and marry. Couples cheat others by showing fake feelings and wrong information (Korda and Itani 2013). Reputation- Social media can easily destroy ones good image by creating a false story and also various businesses suffer the same. Current Trends Virtual reality will combine with social media- We will not only share moments with our friends but also the entire experiences and adventures quoted by Mark Zuckerberg and it is happening. He acquired Oculus and embedded their technology into its 360 Video. The videos allow a user to have unique experiences to look from different angles on both web and mobile devices (Lytras et al. 2015). Social Shopping- Twitter, Facebook, Pinterest and Instagram have upgraded their sites with in-line buy buttons which allow users to shop in their feeds only without opening any other sites. The posts from friends help them to make a right decision while shopping. Pinterests Buyable Pins let users to browse colors and styles and pay without leaving the platform. Facebook Live- It is a feature that allows sharing live video using the Facebook platform. The users need not have to install any app or leave the platform to use the video feature (Fattal 2012). Widening of social media skills- The launching of social networks at the workplace like Slack and Facebook at Work has become a daily requirement at the office. Businesses are using social tools for communicating internally to help the sales personnel to reach customers and also used for advertising and marketing. Training is required to use social media in the right way at the workplace. Conclusion Social media has a huge impact in personal and professional lives of the people. It is creating a rage all over the globe helping the enterprises to interact and do business with various stakeholders in a short span of time. It is used as an interactive tool for advertising and marketing. Using social media has both benefits and drawbacks. In this rapidly changing 21st century one needs to have a balance to put their information into the social media which will ultimately emerge them victorious. References Fattal, A., 2012. Facebook: Corporate Hackers, a Billion Users, and the Geo-politics of the" Social Graph". Anthropological Quarterly, 85(3), pp.927-955. Grzig, A. and Frumkin, L., 2013. Cyberbullying experiences on-the-go: When social media can become distressing. Cyberpsychology: Journal of Psychosocial Research on Cyberspace, 7(1). Korda, H. and Itani, Z., 2013. Harnessing social media for health promotion and behavior change. Health promotion practice, 14(1), pp.15-23. Laroche, M., Habibi, M.R., Richard, M.O. and Sankaranarayanan, R., 2012. The effects of social media based brand communities on brand community markers, value creation practices, brand trust and brand loyalty. Computers in Human Behavior, 28(5), pp.1755-1767. Lytras, M.D., Al-Halabi, W., Zhang, J.X., Haraty, R.A. and Masud, M., 2015. Enabling Technologies and Business Infrastructures for Next Generation Social Media: Big Data, Cloud Computing, Internet of Things and Virtual Reality. Journal of Universal Computer Science, 21(11), pp.1379-1384. Tess, P.A., 2013. The role of social media in higher education classes (real and virtual)A literature review. Computers in Human Behavior, 29(5), pp.A60-A68. Van Dijck, J., 2013. The culture of connectivity: A critical history of social media. Oxford University Press.

Radio Frequency Identification in Supply Chain Management

Introduction Every product passes through various stages and through different organizations or departments before getting to a consumer. These departments or organizations form the supply chain. Supply chains have existed for ages, but the art of managing and controlling the entire process has improved since organizations focus on every stage in the manufacturing process.Advertising We will write a custom report sample on Radio Frequency Identification in Supply Chain Management specifically for you for only $16.05 $11/page Learn More The essence of supply chain management is being in charge of every stage in the manufacturing process. Radiofrequency identification aims at improving supply chain management. This essay seeks to define supply chain management, radiofrequency identification and explain advantages and disadvantages of radiofrequency identification in supply chain management. Definition of Supply Chain Management and RadioFrequency Identific ation Supply chain management refers to efficacious management and mastery of all materials used and information available in the planning process. Supply chain management aims at optimizing customer value and realization of sustainable competitive edge. It involves various activities like product design, acquisition of raw materials, planning, production, acquisition and dissemination of information and knowledge. Radiofrequency identification refers to a technology that integrates the use of electromagnetic pairing through a radiofrequency and an electromagnetic sequence to locate an object, animal or a person. Radiofrequency identification systems have three parts: an aerial, control center and a transponder, which acts as a tag. The aerial utilizes radiofrequency currents to disseminate an indicator that starts the transponder. On activation, the transponder sends information back to the aerial. The information relayed sends signals to a programmable controller for a response. T he area covered by radiofrequency identification depends on the strength of a radiofrequency identification system. Radiofrequency identification transponders serve various purposes. Business people attach merchandise transponders to products like clothes and electronics to deter theft in retail chain stores. On paying for such goods, those in charge deactivate transponders attached on such goods as a client checks out. Inventory management transponders assist business people in locating goods conveniently. Aircraft luggage transponders make it easy to track and identify bags while tollbooth transponders in cellular phones allow drivers to go through a toll booth without stopping.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Drivers are able to make payments instantly. Lastly, animal transponders make it easy to locate pets and other animals, either domestically or for research purposes . Radiofrequency identification tags can be either long term in nature and usage or short term. For instance, tags used in retail stores are short-term while those used in toll stations are long-term. Radiofrequency identification has several advantages. Advantages of RadioFrequency Identification Radiofrequency identification is useful in alerting business people on out-of-stock goods. When a customer fails to get a product he intended to buy, such a customer opts for a product from competitors or fails to purchase a product altogether. According to a survey, businesses lose over 8.3 percent of revenue per year due to out-of-stock scenarios. Radiofrequency identification system works to alert a department concerned whenever a customer picks a specific tagged product. As a result, those in charge stock such goods within the shortest time possible. Consequently, business avail goods required by customers all through. Unlike barcodes, a radiofrequency identification system does not ne ed line-of-sight to read transponders. As such, items do not need any unique positioning for scanning. This feature assists in computerization of tasks in supply chain management that were previously labor-intensive. Such roles include scrutinizing and scanning incoming goods. In addition, organizations have a clear image of goods level and this translates to reduced inventory costs. Radiofrequency identification systems play a pivotal role in automation of supply chain to high levels, which in turn leads to minimized labor in the supply chain process. Labor is usually a significant budget item for distribution departments and accounts for around 65 percent of total budgets. Predictions show that radiofrequency identifications systems would reduce time utilized in receiving goods by around 76 percent, reduce labor costs incurred while picking orders by 36 percent and reduce verifications expenses for freight. For instance, before Collex adopted radiofrequency identification systems, drivers had to leave their trucks at landfills, manually key in their disposal details and then wait for a ticket.Advertising We will write a custom report sample on Radio Frequency Identification in Supply Chain Management specifically for you for only $16.05 $11/page Learn More In the same way, drivers had to wait for tickets when leaving the sites. This led to time-wasting, but currently, all a driver does is to hold radiofrequency identification transponder near the reader and receive a ticket in shortest time possible. Radiofrequency identification systems are suitable for noting entities that need constant positioning and inspection. In addition, radiofrequency identification tags are not detectable on assets making it easy to use them and that way, track how an asset moves, its utilization, and location thus assisting in proper usage of an asset. In maritime industry, radiofrequency identification assists shipping companies to track containers a s they move around the globe. This way, such companies keep track of valuable goods and adhere to regulations by various governments regarding use of containers since radiofrequency identification sends out information on history of a container as well as chemical composition of goods in a container. TrenStar, which produces beer kegs, adopted radiofrequency identification system that shows the movement of beer kegs in the supply chain. As such, the company gathers comprehensive data on the whereabouts of carts and communicates with retailers who have not sent empty beer kegs to the company. Radiofrequency identification systems assist in product level tracking. This feature enables retailers to take stock at any given time and re-order goods that are out of stock. In addition, product level tracking minimizes theft incidences and promotes smart shelves. Smart shelves refer to shelves fitted with radiofrequency identification system that enable them monitor products automatically. S mart shelves keep such useful data as date of manufacture and expiry date. Wal-Mart is among the few fully automated companies in product level tracking area and is now able to track all products from reception to check out of a good. Radiofrequency identification systems, used along Electronic Product Code (EPC), assist manufacturers in the areas of warranties and mass recalling of products. Lack of proper details concerning warranties on goods issued and instances of mass recalls can lead to big losses for distribution companies.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Radiofrequency identification system and EPC enable manufacturers to recall specific products and not all products in a particular class of products. This way, manufacturers are able to keep a strong company image. Concerning warranties, it becomes possible for companies to authenticate a warranty to ascertain that it has not expired. If a customer returns such an item, radiofrequency identification system monitors how the product moves and therefore, a company can inform a customer on the progress of repairs needed. Radiofrequency identification systems grant companies the ability to check quality of goods both internally and throughout the manufacturing process, thus maintaining quality control of products as well as services. Radiofrequency identification system allows gathering of real-time data in the manufacturing systems for quality control function, decreasing chances of a consumer encountering a defective product as well as decreasing time used in monitoring and reworking o n products. Currently, a pilot project under the U.S. army is testing the use of radiofrequency identification system transponders to monitor locations where they ship goods. Such transponders accompany food products sent to troops to make sure that utilization of food takes place before an expiry date. Use of radio frequency identification systems leads to enhanced inventory management by assisting manufacturers get suitable goods to right retailers in good time. Radiofrequency identification system achieves this function and lowers cost of handling goods. In addition, radiofrequency identification system transforms how manufacturers predict demand, manage stock and distribution. Radiofrequency identification system leads to lower inventory levels and increased sales. It is hard to imitate radiofrequency identification system tags and this makes them appropriate for security programs, which deter theft of goods from the supply chain as well as goods in on transit in airlines or rai lway lines. Theft of goods while still in the supply chain or product shrinkage leads to massive losses by companies in the supply chain. Radiofrequency identification systems, used alongside EPC network, enable manufacturers detect loss of goods in the process and take proper steps. In addition, radiofrequency identification system tags can minimize shoplifting incidences in retail stores. Rampant cases of loss of uniforms at Star City Casino prompted authorities to attach radio frequency identification system tags to uniforms to avoid theft. Use of radiofrequency identification system assists organizations in making optimum use of available assets. Such assets form part of the company’s capital and records must be in place to prevent misuse of assets. Unfortunately, workers store assets in various trucks making it difficult to monitor such assets. Radiofrequency identification system comes in handy and enables companies keep track of all assets without necessarily offloadin g assets from trucks for manual counting. Unlike other tags, radiofrequency identification system tags are durable and can withstand any weather. Tags operate in all temperatures and do survive even after coming into contact with corrosive liquids like acids. In addition, radiofrequency identification system tags find use in heavy machinery industries as they withstand every condition and more significantly, radiofrequency identification system tags usually last longer than objects of their use. Radiofrequency identification systems have their disadvantages too. Disadvantages of RadioFrequency Identification Systems It is costly to install radiofrequency identification systems because they require hardware, software, design and maintenance. Such costs apply both at the inception of using such systems and during the use of radiofrequency identification systems. Being a relatively new technology, radiofrequency identification systems demand more research, redesigning based on user fee dback, constant testing and marketing or these systems. Currently, a transponder goes for ten British pounds while system set up requires over fifteen British pounds. This is quite costly and risky, especially if competitors stick to barcodes. With such costs, radiofrequency identification systems might prove risky for small businesses. Radiofrequency identification systems need a lot of time to install as well as time for operating them. They decrease capital budget and if not checked well, installation of radio frequency identification system can result in massive losses for any business venture. Radiofrequency identification systems require more time for further research and implementation stages. It usually proves hard to calculate the return on investment expected from installation of radio frequency identification systems since they are relatively new in the market. In addition, being a new technology makes it hard for companies to budget on it. Radiofrequency identification s ystems are quite intricate and vast. It is hard to replicate radio frequency identification systems because each installation is peculiar to a situation. For instance, an installation meant for goods on transit is different from an installation on retail store goods. In addition, each business environment provides different factors for consideration and this demands changes or modifications to a radio frequency identification system. Testing stages in radiofrequency identification system installations are unpredictable and hard to plan for in a budget and this leads to more complications. Use of radio frequency identification systems failed to find its way into small businesses many years after inception. This arises from lack of enough case studies to establish standard operating procedures for radio frequency identification systems. Concerning adoption and transformation, radio frequency identification systems demand training users on ways of optimizing systems. Adoption of radio frequency identification systems further demands physical tagging of all goods as well as recording such goods. Employees need to tag objects using both hardware and software, take care of gadgets and keep a workstation in order. Such exercise exerts pressure on staff members and leads to low production before staff members adapt to new system. There is no universal understanding of principles of radio frequency identification systems. Each country has its own regulations and standards for radio frequency identification system and enforcement concerning interference with the system is currently unavailable. Knowledge on radio frequency identification systems remains a preserve of manufacturers as educational hubs and government programs do not support such ideas anymore. Radiofrequency identification systems are susceptible to disruption. Since radio frequency identification systems utilize electromagnetic strips, they can easily jam and thus lead to distress, especially if they are in use in areas like hospitals, military installations, among others. Transponders that utilize dry cells are likely to wear such cells down, leading to a disruption in the system. Radiofrequency identification systems usually encounter reader collisions. This happens when warnings from two or more readers mix up and prevent a transponder from responding. Some radiofrequency identification system tags prove difficult to remove from items such as clothing since the transponders are at times too small. On the same line, someone with a reader is able to gather information from an innocent customer. Conclusion Supply chain management aims at controlling and managing all aspects that make up the supply chain process. It involves various activities like acquisition of raw materials, planning and designing of products. It involves various organizations that link up using physical communication. To improve supply chain management, organizations adopt technologies such as radio frequency id entification systems. Radiofrequency identification systems assist an organization in various ways that lead to reduction in operational costs. Radiofrequency identification systems have several advantages and disadvantages. Advantages include easy management of inventory, prevention of theft cases, minimizing of out-of-stock occurrences, monitoring of products while on freight as well as monitoring of chemical compositions to keep them on the level recommended by authorities. Disadvantages include complexity of radio frequency identification systems, high cost of installation, lack of universal standards and incidences of collision between two radio frequency identification systems. Reference List Buzzle 2011, Advantages and Disadvantages of RFID Technology, http://www.buzzle.com/articles/advantages-and-disadvantages-of-rfid-technology.html Electronic Cash News 2013, Benefits of RFID for Supply Chain and Logistics Operations, http://www.electronic-cash-news.com/2009/benefits-of-rfi d-for-supply-chain-and-logistics-operations/ Handfield, R. 2011, What is Supply Chain Management, http://scm.ncsu.edu/scm-articles/article/what-is-supply-chain-management Mobile Burn 2013, What is â€Å"RFID†?, http://www.mobileburn.com/definition.jsp?term=RFID Pigni, F. 2012, A guideline to RFID application in supply chains, http://www.rfid-in-action.eu/public/rfid-knowledge-platform/copy_of_rfid-guidelines/regins-rfid_a-guideline-to-rfid-application-in-supply-chains.pdf. Pissello, T. 2013, The ROI of RFID in the Supply Chain, http://www.rfidjournal.com/articles/view?2602/2 Rouse, M. 2012, RFID (radio frequency identification), http://searchmanufacturingerp.techtarget.com/definition/RFID Tech Terms.com 2013, RFID, http://www.techterms.com/definition/rfid Techno Velgy.com 2012, Problems with RFID, http://www.technovelgy.com/ct/technology-article.asp?artnum=20 UK RFID. 2013, RFID Disadvantages, http://ukrfid.innoware.co.uk/business_of_RFID/rfid_disadvantages This report on Radio Frequency Identification in Supply Chain Management was written and submitted by user Landry Barton to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.