At the start of 1985, the Pacific Oil Company experienced some key difficulties as they began to regenerate discussions with Reliant Chemical Company. Both companies- Pacific Oil Company and Reliant Company formerly had a fruitful business agreement and the corporations also had a healthy affiliation that they wished to uphold. Jean Fontaine, the marketing vice president for Pacific Oil Company, and Paul Gaudin the marketing manager for Vinyl chloride monomer (VCM), both recognized that having a long-standing predetermined settlement and a good association with Reliant Company in the forthcoming days was fundamental for the success of their companies. Upon ...
Essays on VCM
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Introduction
Pacific Oil Company had entered into a contract with Reliant Chemical Company of Europe in October 24th, 1982 for the supply of Vinyl Chloride Monomer (VCM). The contract was initially written to run for five years ending in December 1987 with minimum quantities to be supplied being capped at 150, 160, 170, 185 and 200 million pounds for the five years starting from 1983 to 1987 respectively. Other conditions of the agreement stipulated that the product was to be metered at from the Pacific Oil side, and invoices raised using the same quantities with an allowance of 0.1% for ...
Public goods game: a group of people play a public game which is based on voluntary contribution mechanism (VCM). VCM is the game in which subjects have a certain amount of endowment (20$ in this study) and decide to allocate the endowment between public account and private account. The contribution to public goods is multiply with marginal per capita return. Marginal per capita return is the ratio of benefit to cost if people decide to give 1$ from private account to public account. An outcome of each player is:
In which ei is the endowment of each subject ci ...
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Computer hard disk drives are storage devices for digital data. The digital data is stored on high-speed rotating magnetic surfaces. They are non-volatile and use the random access technique to access data stored on them. It consists of fast rotating discs which have magnetic surfaces onto which data is stored. They are permanently mounted on the computers and cannot be easily detached like floppy disks. It is known as hard disk drive as both the disk and the drive are contained inside the same unit. The costs of hard disk drives have fallen in the last few years and ...
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