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The purpose of this paper is to contribute to the teaching of undergraduate macroeconomics.

To suggest a roadmap, based on a consumption function, to be used by instructors willing to teach the Lucas Critique subject.

Therefore, this paper proposes a lesson, which consists of three parts, to help undergraduates better understand the subject: (1) a grading exercise to bring the topic closer to students’ lives; (2) a Keynesian and an optimal consumption function, followed by an example based on an unemployment insurance policy; and (3) two optional topics consisting of extensions of the optimal consumption function and some empirical results related to the Lucas Critique.

The Lucas Critique influenced the evolution of research in macroeconomics, but it is not easily grasped in a classroom.

LUCAS Aerospace Ltd. in Luton, Bedfordshire, has earned an outstanding reputation for quality that is reflected in its products, its award‐winning training programme, and its commitment to its entire organisation and workforce. As a company dedicated to quality, Lucas is constantly re‐evaluating its practices to determine opportunities for improvement. In doing so, Lucas has taken great leaps in its technological approach, most recently by its conversion from McDonnell Douglas hardware to the IBM RS6000 with the help of Kewill‐Trifid's IBS manufacturing and business software. The change to Open Systems was the calculated result of extensive research and testing, but the resulting degree of success was unprecedented. The company plays an integral role in the aviation and defence industries in Great Britain and around the world. As the Engineering and Heating Systems Division of Lucas Aerospace Ltd., Lucas Luton's function is twofold: manufacturing aircraft transparencies for cockpits and cabins for civil and military aircraft, for example the Tornado canopy and A320 pilot cabin windows; and producing de‐icing systems for aircraft — an application that stops ice forming on aircraft engine intakes, wings and also on helicopter blades. Lucas also currently possesses the contract to develop screens for the European Fighter Aircraft, and it provides anti‐icing systems for the Concorde, the EH 101 helicopter for Westland Helicopters, and the V22 tilt rotor helicopter in the United States. As recent recipients of both a British Quality Award and a National Training Award, Lucas clearly shows that its commitment to its people — their training, development and job satisfaction — is equal in importance to their production of an excellent quality product.

The automobile industry in India is one of the sunrise industries and is poised to enhance its contribution from 5 percent of GDP in 2006 to 10 percent by 2016. The auto component industry in India has grown hand in hand with the industry and is in the process of transforming itself from being a “Job order fulfiller” to being an “Integrated organization”. With the liberalization process having started in 1991, most auto component manufacturers in India have chosen the easy path of attempting to progress on operational or manufacturing capabilities. For advancing on technology capability dimension, they mostly relied on international collaborations. The purpose of this paper is to study the strategic technology management (STM) practices in select case organizations in the auto component industry in India.

The methodology employed for this study is a combination of literature survey, expert opinion, comparative case study and a flexible systems methodology, situation‐actor‐process‐learning‐action‐performance analysis. Longitudinal studies of technology development at the two case organizations have been done and the case analysis and synthesis has been developed based on valuable inputs and insights shared by key personnel in the case organizations.

The study finds that two different organizations have adopted different technology strategies. While both case organizations have strong linkage between business and technology strategy, the approach has been reasonably different for technology acquisition and development. The findings suggest that an effective STM can contribute to faster technology absorption and overall business performance. Organizations in India need to develop the in‐house capabilities along with suitable technology acquisitions, wherever required.

The two cases provide valuable insights into STM practices in two organizations and highlight the methodology adopted by the companies in their evolutions toward becoming world‐class integrated organizations. The learning can provide the way forward for capable firms in the auto component industry in India.

In this article, the authors aims to introduce a novel Vieta–Lucas wavelets method by generalizing the Vieta–Lucas polynomials for the numerical solutions of fractional linear and non-linear delay differential equations on semi-infinite interval.

The authors have worked on the development of the operational matrices for the Vieta–Lucas wavelets and their Riemann–Liouville fractional integral, and these matrices are successfully utilized for the solution of fractional linear and non-linear delay differential equations on semi-infinite interval. The method which authors have introduced in the current paper utilizes the operational matrices of Vieta–Lucas wavelets to converts the fractional delay differential equations (FDDEs) into a system of algebraic equations. For non-linear FDDE, the authors utilize the quasilinearization technique in conjunction with the Vieta–Lucas wavelets method.

The purpose of utilizing the new operational matrices is to make the method more efficient, because the operational matrices contains many zero entries. Authors have worked out on both error and convergence analysis of the present method. Procedure of implementation for FDDE is also provided. Furthermore, numerical simulations are provided to illustrate the reliability and accuracy of the method.

Many engineers or scientist can utilize the present method for solving their ordinary or Caputo–fractional differential models. To the best of authors’ knowledge, the present work has not been used or introduced for the considered type of differential equations.

The business which became Lucas Assembly & Test Systems in 1992 has its origins in a company established in 1930 to deal in garage tools and equipment. It now comprises eight business units and employs 300 people in the UK and 350 in North America. Two factories in the USA, which came with the acquisition of Allen Automated Systems, are situated in and close to Detroit.

This study aims to examine how differences in the casino advantage (i.e. price) of otherwise identical slot machines affect their revenue production, when the price is hidden from the players. The study aims to identify the ability of players to recognize differences in the concealed prices of paired machines, over time. Both items are paramount to slot revenue optimization.

Using 274 daily observations, paired-samples t-tests examined whether live performance metrics were affected by the differences in the casino advantage (namely, par) of the paired games. Time-series regression analyses were conducted to understand whether players shifted their play away from the high-par games, over time.

The results indicated that increased casino advantages produced increased revenue, with no evidence of diminished play on the high-par games.

The results contradicted the inveterate wisdom of the industry by demonstrating that players are not hypersensitive to increased prices/pars, and that such increases can actually lead to increased revenue, despite egregious par gaps.

Added valuable results to a nascent research stream aimed at understanding the effects of obfuscated price/pars. Expanded the gaming literature by increasing the differences in the prices/pars of paired game titles over an increased sample period. Both conditions increased the chances of observing changes in revenue performance, and play migration to the low-par game. Both manipulations have been previously cited as meaningful extensions of the literature.

First conceived in the mid‐nineteen twenties by Kienzel Apparate of Villingen as a law enforcement instrument, the tachograph has subsequently become widely adapted in many countries of the world, both on a mandatory and on a voluntary basis. Since 1975 it has been law in the European Community although Britain delayed implementation of this directly applicable law and is only now complying, with fitment due to be completed by the end of this year and use of the chart as the driver's automatically recorded log sheet becoming obligatory from 1st January 1982. This profile is of particular interest because of the Lucas Kienzle Automatic Tachograph, and also for information on the company's fuel consumption measuring and recording system.

Investigates the planning, negotiation and setting up of a joint venture company (JVC) in Indonesia between a British multinational corporation, an Indonesian state‐owned company and an Indonesian private company. It explores the influence of cultural diversity on this process, the role of stakeholders and the management of their interest and power. The paper is organised around an analytical framework for such considerations and proposes a phased approach to the critical preparatory stage of joint‐venture based collaboration in SE Asia.

Our world had always been multimodal, but studying how young children enact and embody literacy practices, especially reading, has often been overlooked. The purpose of this study was to examine how young children respond to nonfiction picturebooks in multimodal ways. This paper aims to answer the question: What multimodal resources do readers use to respond to and construct meaning from nonfiction picturebooks?

Undergirded by Rosenblatt’s transactional theory of reading and social semiotic multimodality, a 9-min video clip of three boys making sense of one nonfiction picturebook during reading workshop was analyzed using Norris’ approach to multimodal data analysis. This research stemmed from a five-month-long case study of one kindergarten class’s multimodal and collective responses to nonfiction picturebooks.

Findings demonstrate how readers use gesture, gaze and proxemics in addition to language to signal agreement with one another, explain new ideas or concepts to one another and incorporate their background knowledge. In addition to reading images, the children learned to read each other.

This research indicates that reading is inherently multimodal, recursive and complex and provides implications for teachers to reconsider what kinds of responses they prioritize in their classrooms. Additionally, this research establishes the need to better understand how readers respond to nonfiction books and a broader examination of multimodality in the literacy curriculum.

Lucas Rail products is a business unit of Lucas Automotive Ltd and is the leading supplier of brake systems to railway industry. At the Lucas Rail Products factory in Bromborough, Merseyside, all major components produced for the brakes, including brake disc halves, caliper shoes, yokes, etc, are coated with red oxide primer before delivery to the customer.