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This case asks the student to decide whether Aurora Textile Company can create value by upgrading its spinning machine to produce higher-quality yarn that sells for a higher margin. Cost information allows the student to produce cash-flow projections for both the existing spinning machine and the new machine. The cash flows have many different cost components, including depreciation, the number of days of cotton inventory, and the liability costs associated with returns from retailers. The cost of capital is specified in order to simplify the analysis. The analysis has added complexity, however, owing to the troubled financial condition of both the company and the U.S. textile industry, which is in decline as manufacturers migrate to Asia to benefit from lower manufacturing costs. This begs the question whether management should invest in a declining business or harvest the company by paying out all profits as a dividend to the owners. The case is suitable for students just beginning to learn finance principles, but is also rich enough to use with experienced students and executives. The primary learning points are as follows:

• The basics of incremental-cash-flow analysis: identifying the cash flows relevant to a capital-investment decision

• The construction of a side-by-side discounted-cash-flow analysis for a replacement decision

• How to adapt the NPV decision rule to a troubled or dying industry

• The effect of financial distress on the NPV calculation

• The importance of sensitivity analysis to a capital-investment decision

The basics of incremental-cash-flow analysis: identifying the cash flows relevant to a capital-investment decision

The construction of a side-by-side discounted-cash-flow analysis for a replacement decision

How to adapt the NPV decision rule to a troubled or dying industry

The effect of financial distress on the NPV calculation

The importance of sensitivity analysis to a capital-investment decision

This case is designed to present students with the challenges of formulating a discounted-cash-flow (DCF) analysis for a strategically important capital-investment decision. Analytically, the problem is representative of most corporate investment decisions, but it is particularly interesting because of the massive size of the American Centrifuge Project and the potential of the project to significantly affect the stock price. Students must determine the relevant cash flows, paying close attention to the treatment of input costs, selling prices, timing of investment outlays, depreciation, and inflation. An important input is the appropriate cost of uranium, which some students argue should be included at book value, while others argue that market value should be used. Although the primary objective of the case is to focus on the estimation of cash flows, students are provided with a straightforward set of inputs to estimate USEC's weighted average cost of capital. The case is designed for students who are learning, or need a refresher on, DCF analysis. Because of the basic issues covered, the case works well with undergraduate, MBA, and executive-education audiences. The case also affords the opportunity to explore a variety of issues related to capital-investment analysis, including relevant costs, incremental analysis, cost of capital, and sensitivity analysis. The case is an excellent example of the value of a firm as the value of assets in place plus the net present value of future growth opportunities.

In December 2001, after a six-month process of vying for AT&T's Broadband, the president of cable operator Comcast Corporation, had just received word that Comcast's $72-billion offer had won the auction. Comcast, the cable industry's third-largest operator, would merge with industry leader AT&T Broadband to form a company with more than $20 billion in revenue and an unparalleled distribution (a presence in 22 of the nation's top 25 markets). Now the presidents of both companies began to consider their post-merger integration strategies. What was important and how should they prioritize their activities? How could they get all stakeholders to understand the rationale for the deal and its business goals and excited about the new AT&T Comcast?

The purpose of this paper is to focus the application of design of experiments (DOE) using industrial equipments, reinforcing idea that non‐statistical aspects in planning and conducting experiments are so important as formal design and analysis.

Two case studies are presented to illustrate typical industrial applications and difficulties. Supported on these case studies and literature, this paper presents guidelines to planning, conducting and analysis involving technical and organizational aspects.

Solving problems in industry, including in companies recognized as competent in the respective industrial sector, is not just a question of applying the right technique. Ceramic industry case study illustrates how important are non‐statistical issues in DOE application. Paint industry case study illustrates the strong relationship of the results with incorporating presented guidelines into practice. Moreover, both case studies consolidating a fundamental advantage of DOE: experimentation provides more knowledge about products, processes and technologies, even in unsuccessful case studies.

Unsuccessful cases studies are very useful for identifying pitfalls and others limitations. This paper highlight difficulties aroused from non‐statistical aspects, although it is possible to find unsuccessful case studies due to statistical issues also. So, papers illustrating inadequate application of statistical techniques are welcome.

Successful DOE implementation depends on statistical and non‐statistical aspects. Although none of them shall be neglected, technical skills and technological knowledge about processes and products, management understanding of potential possibilities of statistical techniques and statistical fundamentals and knowledge about techniques of DOE must be ensuring to successful case studies in industrial setting.

This paper highlights non‐statistical aspects instead of the statistical ones. Tob overcome difficulties structured guidelines were designed to support DOE application in industrial setting.

It is vitally important that students have access to teachers who are effective and broadly representative of our society. Yet in urban areas such as New York City (NYC), many teachers lack experience or appropriate qualifications and there is a profound mismatch between the racial composition of the teacher workforce and the composition of students served. Paraprofessionals, individuals who work under the supervision of a teacher to provide instruction or other direct services to students, represent a significant pool of minority teacher candidates. In NYC, paraprofessionals employed by the Department of Education (DOE) may receive tuition support and release time as they pursue higher education. Analysis of the participation and success of NYC DOE paraprofessionals enrolled in The City University of New York (CUNY) sheds light on the potential for paraprofessionals to become teachers and diversify the teaching workforce.

This chapter investigates the impact of a teacher preparation program that includes specific attention to the needs of bilingual learners on participants’ subsequent teaching practices. Specifically, this mixed methods retrospective study examines graduates’ reports of their current teaching practices as well as their perceptions of the Teaching English Language Learners (TELL) program’s impact on these practices. Multiple-choice survey data were analyzed quantitatively to identify trends among reported practices and perceptions. Open-ended survey and interview data were analyzed qualitatively to identify interrelated themes within teachers’ detailed, first-hand accounts of their pre-service and in-service experiences. The results showed that there was variety with respect to whether particular linguistically responsive practices were routine, used occasionally, or rarely. There was also a difference with respect to whether such practices were perceived to be the result of having participated in the program. Notably, the most frequently used practices attributed to the TELL program involved teaching language (TL) to facilitate content learning. Other aspects of the teacher preparation program supported effective practices for academic content learning, but only TELL coursework and experiences facilitated practices that emphasized academic language development. These results suggest that programs created to improve the preparation of teachers to work with bilingual learners in mainstream classroom contexts must make a special effort to develop teachers’ skills in regard to language teaching, especially practices that focus on language beyond the word-level. There are limitations to the study because of the small number of participants and the fact that they were self-selected as program participants.

The Taguchi method (Tm) is a powerful problem solving technique for improving process performance, yield and productivity. It reduces scrap rates, rework costs and manufacturing costs due to excessive variability in processes. However, its application by industrial engineers in the UK is limited, in part due to the inadequate statistical education of engineers. This paper presents a simple experiment which can be used in the classroom to teach engineers the basics of the technique and illustrates simple analytical and graphical tools which promote rapid understanding of the results of the experiment.

In the 1990s, Mike Flanagan foresaw video moving from analog to digital and developed an equipment rental business to meet the needs of the entertainment/media production industry. By 1996 he established a second company to offer training in the use of Avid, a digital video-editing program. Flanagan sold the rental business in 1998 and by 2002 expanded the training away from a business model to a full-fledged college business model. By 2014 what started as a successful training program developed into a negative interaction with the US Department of Education and Flanagan found himself being forced out of business.

This case was originally a client-based project conducted real time in an MBA-level marketing course at the Graziadio School of Business and Management at Pepperdine University.

The case is well suited for a variety of business and law courses that integrate ethical decision making in their curriculum at the undergraduate and graduate levels. The case allows for a greater understanding of the implications of managerial behavior tied to ethical beliefs and the possible outcomes that may result. It also allows for a stronger grasp of the integral nature of management, staff, consumers and outside organizations on the pervasive impact of non-ethical behavior. Last, this case creates a framework for students to assess how ethics influence managerial behavior that will affect an organization’s success.

What ethical duties and obligations does a business owe to its customers and other stakeholders? Is ignorance an excuse for failing to meet those ethical obligations?

Six Sigma program is an approach currently adopted by many companies, which involves a highly disciplined and guided process, in which applications of many different tools and techniques aim at generating a cycle of continuous improvement. In this sense, a survey‐based research was conducted in a developing country from which the aim of this paper is to identify and analyse the tools and techniques used in the stages of the DMAIC.

The paper presents parts of the results of a descriptive survey conducted by a postal questionnaire answered by more than 60 Six Sigma users. Specific results of tools and techniques applied in Six Sigma are compared with those prescribed in the literature.

The results confirm the use of Six Sigma tools and techniques suggested by the literature. It also points out that Six Sigma needs to be supported by measurable and reliable data, and thus that the use of tools and techniques is indispensable to the use of the DMAIC.

This is not a probabilistic survey and, therefore, the generalisation is not feasible.

The paper may assist either academic and practitioners when teaching, researching and applying tools and techniques in Six Sigma.

This paper is one of the few published studies that report tools and techniques applied in Six Sigma programme in developing countries.