Mead's resource equation

Examples of Mead's resource equation in the following topics:

• Determining Sample Size

  • As follows, this can be estimated by pre-determined tables for certain values, by Mead's resource equation, or, more generally, by the cumulative distribution function.
  • Mead's resource equation is often used for estimating sample sizes of laboratory animals, as well as in many other laboratory experiments.
  • All the parameters in the equation are in fact the degrees of freedom of the number of their concepts, and hence, their numbers are subtracted by 1 before insertion into the equation.
  • The equation is:
  • Calculate the appropriate sample size required to yield a certain power for a hypothesis test by using predetermined tables, Mead's resource equation or the cumulative distribution function.

• The Interactionist Perspective

  • Following founding symbolic interactionist George Herbert Mead, Herbert Blumer claimed that people interact with each other by attaching meaning to each other's actions instead of merely reacting to them.
  • Competition was created by groups fighting for urban resources, like land, which led to a division of urban space into ecological niches.
  • George Herbert Mead (1863–1931) was an American philosopher, sociologist, and psychologist, primarily affiliated with the University of Chicago, where he was one of several distinguished pragmatists.

• Grant's Pursuit of Lee

  • Meade, and other forces against Confederate General Robert E.
  • He chose to make his headquarters with the Army of the Potomac, although Meade retained formal command of that army.
  • Now Grant selected a geographic and political target and knew that his superior resources could besiege Lee there, pin him down, and either starve him into submission or lure him out for a decisive battle.

• The Resource-Based View

  • In the resource-based view (RBV), strategic planning uses organizational resources to generate a viable strategy.
  • Upper management must carefully consider what resources are at the company's disposal and how these assets may equate to operational value through strategic processes.
  • Rare – To be of value, a resource must be rare by definition.
  • In a perfectly competitive strategic factor market for a resource, the price of the resource will reflect expected future above-average returns.
  • Knowledge-based resources are "the essence of the resource-based perspective."

• The Accounting Equation

  • The accounting equation is a general rule used in business transactions where the sum of liabilities and owners' equity equals assets.
  • The fundamental accounting equation, which is also known as the balance sheet equation, looks like this: $\text{assets} = \text{liabilities} + \text{owner's equity}$.
  • Or more correctly, the term "assets" represents the value of the resources of the business.
  • Looking at the fundamental accounting equation, one can see how the equation stays is balance.
  • Additionally, changes is the accounting equation may occur on the same side of the equation.

• Pragmatism

  • Its direction was determined by The Metaphysical Club members Charles Sanders Peirce, William James, and Chauncey Wright, as well as John Dewey and George Herbert Mead.
  • The maxim equates any conception of an object to a conception of that object's effects, to a general extent of the effects' conceivable implications for informed practice.

• Logistic Population Growth

  • Thus, the exponential growth model is restricted by this factor to generate the logistic growth equation:
  • Notice that when N is very small, (K-N)/K becomes close to K/K or 1; the right side of the equation reduces to rmaxN, which means the population is growing exponentially and is not influenced by carrying capacity.
  • A graph of this equation yields an S-shaped curve ; it is a more-realistic model of population growth than exponential growth.
  • Then, as resources begin to become limited, the growth rate decreases.
  • When resources are limited, populations exhibit logistic growth.

• Logistic Equations and Population Grown

  • A logistic equation is a differential equation which can be used to model population growth.
  • The logistic function is the solution of the following simple first-order non-linear differential equation:
  • The logistic equation is commonly applied as a model of population growth, where the rate of reproduction is proportional to both the existing population and the amount of available resources, all else being equal.
  • The equation describes the self-limiting growth of a biological population.
  • In the equation, the early, unimpeded growth rate is modeled by the first term $rP$.

• Assets

  • Assets are resources as a result of past events and from which future economic benefits are expected to flow to the enterprise.
  • In financial accounting, assets are economic resources.
  • Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place.
  • That is, the total value of a firm's assets are always equal to the combined value of its "equity" and "liabilities. " In other words, the accounting equation is the mathematical structure of the balance sheet.
  • "An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise. "

• Defining the Cash Flow Cycle

  • In management accounting, the CCC measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales.
  • Although the term "cash conversion cycle" technically applies to a firm in any industry, the equation is formulated to apply specifically to a retailer.
  • Since a retailer's operations consist of buying and selling inventory, the equation models the time between the following:
  • The equation describes a firm that buys and sells on account.
  • Also, the equation is written to accommodate a firm that buys and sells on account.