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The following tables show the net amount as distributed among the various sections for the coming year. The increase in the money allocated to civil aeronautics at the expense of the military side is to be noted.

IN the present note a comparison is made between normal aluminium alloys and alloys with increased values of the modulus of elasticity for covering the upper surfaces of wings of moderately thick sections, particularly of the smooth wing type. This comparison is intended to form the basis for the design of test panels for experimental verification of the theoretical conclusions.

The dividing line between the sensible and efficient use of assembly robots and that of dedicated automatic assembly machines requires detailed planning.

Planning systems are only as good as their interface with the distribution function. If distribution is having an adverse effect on the overall logistics system, then we have a “systems gap”. What is then needed is the use of distribution requirements planning (DRP), a powerful method with which to integrate the logistics systems of organisations.

The need for security for the business user is all important these days especially as the trend is to distribute computing power in the user environment. Examines risk analysis of information security and its aim of placing risk exposures into perspective and providing a basis for comparing the risk exposure with the cost of the solution. Views two different approaches, qualitative and quantitative, based on the mixed influences of Dr Jerry FitzGerald′s matrix approach and Bob Courteney′s approximation scales. Assesses the strengths and weaknesses of the analysis.

The methodology of process cost accounting is set out in a step‐by‐step format. This is a technique used when operations are not undertaken on a discrete, job‐by‐job basis.

This paper reports on an investigation into the possibility of implementing activity‐based costing and activity‐based management in the Fuel Purchases Department of Eskom. This Department purchases coal from various mines on behalf of ten power stations. The problem is that power stations are charged by the Fuel Purchases Department in accordance with the quantity of coal that is purchased on their behalf and in not accordance with the quantity of work done. Activity‐based costing resolves this problem by using seven cost pools and seven cost drivers to allocate the cost of the Fuel Purchases Department to the power stations. This leads to a more accurate cost allocation and cross‐subsidising between power stations is also eliminated. Activity‐based costing also provides information on activities in the Department. This clears the way for activity‐based management.

This paper considers the valuation in 1982 of the freehold interest in an industrial estate. The freeholder has granted a ground lease to a developer who has over a period of years constructed and let a number of factory and warehouse units. The ground rent is geared to a percentage of the rack rents on review every seven years. The majority of the occupation leases of the units on the estate are on a five‐yearly rent review basis with one unit on a three yearly rent review basis.

The most frequently used attribute sampling plan in MIL‐STD 105 D. In cases, however, when the quality level of incoming lots is generally sufficiently good, MIL‐STD 105 D often leads to unnecessarily high sampling cost. This can be avoided by using α‐optimal sampling plans. The authors outline the α‐optimal sampling scheme along with a simple procedure to determine α‐optimal sampling plans at workshop level. These plans depend on three parameters which have to be estimated from recorded data. In this article the effects of estimation errors in these parameters are investigated.

The purpose of the research is to analyse the ability of nonfinancial factors to predict value creation in Finnish technology firms. Nonfinancial factors are defined in terms of a large set of variables on organizational characteristics, strategy, competitive stance, consistency of performance measurement, management control systems (MCSs), and quality of MCSs. Financial ratios are used as a benchmark. The hypotheses are that, firstly, nonfinancial factors include important information for prediction and, secondly, that they provide incremental information over financial ratios. The nonfinancial variables are drawn from a postal survey carried out in 1999. Financial variables for 1998–2001 are obtained for 40 private firms of the 110 firms responding to the survey. Shareholder value is estimated on the basis of the four‐year financial data for 2001. This value divided by the shareholder book value (estimated‐to‐book value ratio, EBV) as well as its drivers are predicted by past non‐financial and financial data. Partial Least Squares (PLS) method is used to analyse the importance of information in prediction. The results give support to the hypotheses. Moreover, the results show that nonfinancial factors yield important incremental information over financial ratios when predicting value drivers, that is, growth, profitability, and risk. Especially, financial ratios are weak in predicting growth.