Bücher von Patrick Haug

Seminar paper from the year 2016 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, , language: English, abstract: Powered by hydro and steam power, at the end of the 18th century mechanical production facilities began to replace human labour. What is today known as the Industrial Revolution allowed for a far more efficient use of resources such as labour and soil. During the Second Industrial Revolution towards the end of the 19th century manual labour started to be increasingly replaced by mass production (as developed by Frederick Winslow Taylor), the introduction of assembly-line work (promoted by Henry Ford) thanks to the use of electricity. The introduction of electronic control systems and information technology in the 1970s finally heralded the Third Industrial Revolution. All three industrial revolutions have brought about accelerated processes and a degree of automation. In an increasingly global market the Internet of Things (products, production facilities, tools) connects the real with the virtual world and Cyber Physical Systems (CPS) are the foundation of the Fourth Industrial Revolution (Industry 4.0 ¿ see Figure 1). CPS is an umbrella term for software-intensive embedded systems (ES) which are based on connected, integrated hardware- and software components in products or industrial production facilities (smart production) that are able to communicate with each other. Exactly these global markets with geographically diverse production locations, the changes brought about by Industry 4.0, CPS and ES pose new challenges for the established process management systems of companies used to steer and manage suppliers and partners. These challenges pertain all Industries irrespective of the nature of the products and services produced. This paper will examine the requirements and opportunities that follow from these developments. In the second chapter will focus on the increasingly complex Business to Business (B2B) demands placed on Total Quality Management (TQM) systems in the context of the ¿Control of externally provided processes, products and services¿. The central question of the term paper is to evaluate the extent of ISO norms can assume a supporting function in this regard, particularly such norms that belong to the ISO 9000 family. The starting point is chapter 8.4 of ISO norm 9001:2015 ¿Control of externally provided processes, products and services¿.

Seminar paper from the year 2016 in the subject Economics - Finance, grade: 1,3, University of Applied Sciences Essen, language: English, abstract: Every action involves risks. This applies to companies operating in the market and also in particular to credit institutions whose raison d'être lies in the assumption of risks. Risk in the literal sense is grounded in a lack of awareness of the possibility of negative deviation from planned corporate goals. To generate income and to be able to survive a company has to take risks. Such risks are different in nature and are therefore to be evaluated differently. Banks generate the majority of their income from interest-bearing business. Companies finance their borrowing requirements next to equity mainly through loans. With regards to borrowing costs it is to be noted that corporate risk also shows a dependency between total capital and interest on debt. This is known as the leverage effect which in a negative scenario may be so large that the resulting losses can no longer be compensated. The change in economic conditions, fluctuations of interest rates (IR) and exchange rates on the capital markets especially due to inflation at the beginning of the 70s and 80s were the trigger for the development of new financial instruments (see Appendix, Figures 7, 8 and 9). The financial industry constantly creates new financial products that make it possible to lower the volatility of interest rates and currencies and the associated potential for currency and interest rate risks to a minimum. One of these capital market tools to minimize risks in the changes shown linked to interest rate are the so called interest rate swaps. The aim of this work is to explain how interest rate risks can be minimized with interest rate swaps. It will focus on the over the counter (OTC) interest rate swaps market. In the first chapters this termpaper examine the historical development, basic model, trading platforms and different meaning for lenders and borrowers of interest rate swaps. Next, it will explain the valuation and calculation of interest rate swaps as well as the specific value drivers and approaches. In summary, it provides an overview of the different types of interest rate swaps while also taking a critical look at these derivatives.

Seminar paper from the year 2016 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, University of Applied Sciences Essen, course: Strategic Management, language: English, abstract: The aim of this term paper is to outline the opportunities and risks connected with the introduction of cloud systems. In addition to the strategic aspect the term paper will evaluate the economic aspect of cloud strategies by examining how to adapt the Total Cost of Ownership (TCO) method to suit cloud services. The first chapters of this paper will present the underlying relationships between Industry 4.0, Internet of Things (IoT), Smart Production and the underlying technology stack behind, followed by an overview of the cloud solutions available as of today. This paper then evaluates the strategic potential of cloud strategies before finally providing a valuation model to deal with the challenge of ascertaining the economic potential of cloud solutions. The first objective of the term paper work is to evaluate the potential of a cloud strategy based on SWOT analysis. The second key question is how to adapt and extend information technology typical commercial valuation models to a cloud strategy based business case.