Edmund Husserl Essay Example | Topics and Well Written Essays - 1250 words

Edmund Husserl - Essay Example In Husserl's characterization of conscious intentionality we see a kinship with Whitehead's notion of the vector character of experience: "The experiencer aims at the data even as the data aim at the experiencer" (). To explore this intentional structure of consciousness, Husserl attempts to develop a method to reveal the complex contents of consciousness as clearly as we experience a simple sense perception. But even a sense perception comes to us amid a lifetime of assumptions and beliefs about the cause and context of the perception. Husserl tries to work out a step-bystep series of phenomenological or eidetic "reductions" in which reality, as presented in our "naive" experience, is bracketed in hopes of bringing forth the structures that constitute phenomena (Hart 644). Husserl finds that the uniqueness of consciousness lies in the fact that the phenomena are "constituted" by conscious activities regarding the phenomena's essences (or meanings). Husserl does not mean to say that things are imaginary inventions. Entities are not created by consciousness, but their essences are constructed from the hyle, the stuff presented to the synthetic character of transcendental consciousness. Husserl describes these activities as meaning intentions of consciousness and fulfilling intentions of phenomena. For example, my awareness of my desk is not identical to the desk itself. The desk is solid, rectangular, and several feet wide, but my idea of the desk possesses none of those qualities. Although the hardness and size of the desk cannot physically enter my consciousness, they are somehow presented to me from the stuff of my idea of the desk (Hart 645). Husserl shows that this presentation is an exceedingly complex activity in which sense data take many forms and occur within a complicated array of potential sensations. But these sense data would be meaningless without the meaning intentions, the noetic activity of consciousness that assigns appropriate categories suc h as substance, quality, and explains the relations as the shape, size, of a material object; that is, noetic activities constitute the "whatness" of what is intended by consciousness (Schrag 278). For Husserl, the "detachment" proposed in any judgment, then, is the agreement of what is meant and what is given in fulfilling intentions. The difference between Husserl's transcendentalism and Heidegger's is found in the latter's attempt to express the way phenomena are constituted in terms deeper than Husserl's transcendental consciousness. (Hart 645). Husserl's attempt is far too idealistic, subjectivistic, and egoistic for Heidegger. In considering consciousness to provide the fundamental, presuppositionless beginning of philosophy, Husserl places himself squarely within the Cartesian tradition that takes the cogito to be prior to what Heidegger considers the ontological structure beneath, the sum. Husserl maintains the subject-object dichotomy so severely separated res cogitans and res extensa. Critics admit that Husserl goes far beyond Descartes in attempting to resolve how the activities of the knowing subject become connected to the known through the

The Legal and Regulatory Environment of Business Essay

The Legal and Regulatory Environment of Business - Essay Example This is mainly for commercial businesses. As for the other smaller businesses and entrepreneurs, there are other legal proceedings that involve guidelines on how to set up their businesses and divide up the profits and losses and even how to share them. This is carried out in legal jargon such as sole proprietorship, partnership, limited liability among others. When it comes to business regulations, there are regulations in issues to do with environment and consumers, investor protection, antitrust and monopoly as well as land use and property control. All these offer positive advice and guidelines to the businessmen, consumers and investors and ensure that they are all living in coexistence and there is mutual benefit in the end. These laws and regulations are manned in different codes as well as the constitution. An example is the Uniform Commercial Code, Sarbanes-Oxley Act, and The United Nations Convention on Contracts for the International Sale of Goods and the Constitution of the United States among others. All these should be followed to the letter by all concerned

Reviewing Ibn Khaldun An Important Figure And Icon Religion Essay

Reviewing Ibn Khaldun An Important Figure And Icon Religion Essay Ibn-Khaldun is one of the most important figures and icons in the fields of History, Philosophy and Sociology in the Muslim history and culture. He opened new chapters in the world of history and played an important role in introducing new notions related to economics and the way of pricing, policing, profiting and other aspects of world economics. Ibn-Khaldun lived a life in search for stability and influence. His full name is AbÃ…Â « Zayd Abdu r-Raà ¡Ã‚ ¸Ã‚ ¥man bin Muà ¡Ã‚ ¸Ã‚ ¥ammad bin KhaldÃ…Â «n Al-Hadrami. He was born in Tunisia on the 1st of Ramadan 732 A.H. (May 27, 1332 A.D). He came from a family of Scholars and Politicians. His family was originally from Hadramawt in Yemen and had settled in Spain, but after the fall of Seville, they migrated to Tunisia where he was born. He received an early education from his father and memorized the Holy Quran at a young age. He was taught Hadith, Jurisprudence, Philology, Grammar, Rhetoric and Poetry in which he reached certain proficiency and received certification on. Ibn-Khaldun was introduced to Mathematics, Logic and Philosophy by the great mathematician and philosopher Al-Abili. Under Al-Abili Ibn-Khaldun studied the works of Averroes, Avicenna, Razi and Tusi which helped in widening up his horizons. At the age of 19 a terrible epidemic of the plague coming from the East hit Tunisia which ravaged the world and claimed many victims in the country, among which Ibn-Khalduns parents. This was the first traumatic experience in Ibn-Khalduns life, which had an undoubted influence on the direction of his thoughts. Due to this Epidemic Ibn-Khaldun wanted to migrate to Morocco with some of Tunisias Ulammas and Sheiks but was convinced by his elder brother to stay in Tunisia.  [1]   After the migration of most of Tunisias Ulamma and Sheikhs, Ibn-Khaldun decided to get more involved in the court politics by seeking a political career. At the age of 20, Ibn-Tafrakin (the ruler of Tunis) called Ibn-Khaldun to fill in the position of KÄ tib al-AlÄ mah. This Position consisted of writing calligraphy (the typical introductory notes of official documents). It is here when Ibn-Khaldun got his first hand look at the inner workings of court politics and the weakness of the government. In 713 A.H. (1352 A.D.), The Sultan of Constantine Abu Ziad Al Hifsy Marched with his army towards Tunisia in order to reclaim it back from Ibn-Tafrakin and restore its throne back to Banu Hifs. Ibn-Khaldun accompanied Ibn-Tafrakin with his forces in order to stop Abu Ziad. Unfortunately Ibn-Tafrakin lost the battle and Ibn-Khaldun Escaped to Algeria and settled in Biskra where he got married. During that same time the Moroccan Sultan Abu Enan who had recently settled on the throne after the death of his father was on his way to Conquer Algeria. On his way to join him in Telmcen Ibn-Khaldun met Ibn Abi Amr the Marinid Chamberlain (the appointed governor of Bougie), who welcomed him and invited him to stay in his new residence. After living there for some time Ibn-Khaldun was invited to join the Council of Ulama in Fez. Ibn-Khaldun was Officially Part of Sultan Abu Enan majlisu al-ilmi (literacy Circle) and afterwards was part of his secretariat. Ibn-Khaldun used his Stay in Fez to further increase his learning and studies, he writes, I devoted myself to reflection and to study, and to sitting at the feet of the great teachers, those of the Maghrib as well as those of Spain who were residing temporarily in Fez, and I benefited greatly from their teaching  [2]  . It is said that Ibn-Khaldun took advantage of the Sultans Illness and took part in a plot that aims to free t he former Sultan of Bougie Abu Abd Allah and to re-establish him to his former kingdom. Ibn-Khaldun himself Denis this and refers to intrigues, jealousy and malice; however whats certain is that he was thrown in jail for 2 whole years (758-9 A.H./1357-8 A.D.) until the death of the sultan Abu Enan. After that Ibn-Khaldun was set free and reinstated to his rank and offices by the vizier al-Hasan ibn-Umar. After being set free and gaining back his position Ibn-Khaldun started to scheme against Abu Enans successor, Abu Salem Ibrahim III, with his exiled uncle, Abu Salem. When Abu Salem became the Sultan he appointed Ibn-Khaldun to the office of Secretary of the Chancellery (kitabat al-sirr wa l-tarsil) and the repository of his confidence (Amin as-Sir). Ibn-Khaldun even became the court-poet  [3]  . When the Sultan Abu Salem was overthrown by his Vizier Omar, Ibn-Khaldun sided with the Vizier which helped keeping him in his post, but when Ibn-Khaldun wanted to gain a higher position, his request was refused (Probably because he wasnt trusted). This Refusal made Ibn-Khaldun angry which resulted in him resigning his position. Ibn-Khaldun then requested the Vizier to leave Fez and to head back to Tunisia which in turn was refused by the angry Vizier. It was then when Ibn-Khaldun asked the Viziers son-in-law to plead on his behalf to be allowed to go to Andalusia. In autumn 764 A.H./136 2 A.D. he finally obtained permission to withdraw to Granada. In Granada Ibn-Khaldun was deeply welcomed since at Fez he assisted the Sultan of Granada, Muhammad al-Ahmar, in regaining his throne and power after being exiled by his brother Ismail. In 1364 A.D. Sultan Muhammad entrusted Ibn-Khaldun with an important diplomatic mission to conclude a peace treaty with the King of Castile, Pedro the Cruel. Ibn-Khaldun successfully carried out his mission and was offered a position in Pedros service, Which Ibn-Khaldun respectfully declined. There was a great competition between Ibn-Khaldun and Sultan Muhammads vizier Ibn al-Khatib. Ibn al-Khatib viewed the relationship between Ibn-Khaldun and Sultan Muhammad with great mistrust. Few years later, Ibn-Khaldun was sent back to North Africa and Al-Khatib was accused by Sultan Muhammad of having unorthodox philosophical views and was murdered. In Africa Ibn-Khaldun was warmly welcomed by the Hafisid Sultan of Bougie Abu Abdallah who made him his Prime minister. During this Period Ibn-Khaldun was assigned to collect taxes from the local Berber tribes. In 1366 A.D. when Sultan Abu Abdallah died, Ibn-Khaldun allied himself with AbÃ…Â « l-Abbas, the ruler of Tlemcen. A few years later the ruler of Tlemcen, AbÃ…Â « l-Abbas was defeated by Abdu l-AzÄ «z who seized the throne for himself. Ibn-Khaldun was then taken as a prisoner by Abdu l-AzÄ «z until 1370 A.D. when he was sent to Telemcen by the new Sultan. After the death of Abdu l-AzÄ «z, Ibn-Khaldun resided at Fez, where he was patronage by the regent and enjoyed his confidence. In 1375 Ibn-Khaldun was sent by AbÃ…Â « Hammu (the Abdu l Wadid Sultan of Tlemcen) on a mission to the Dawadida Arabs tribes of Biskra. Thereafter, Ibn-Khaldun traveled back to the west of Algeria where he sought refuge with one of the Berber tribes and settled in the tow n of Qalat Ibn Salama. He lived under their protection for three years in which he wrote his famous Muqaddimah or Prolegomena (which is the introduction to his planned history of the world). In 1378 A.D He returned back to Tunisia, which was at that time conquered by AbÃ…Â « l-Abbas. AbÃ…Â « l-Abbas took Ibn-KhaldÃ…Â «n back into his service. During that time Ibn-KhaldÃ…Â «n devoted himself for his studies and for the completion of history of the world. He wrote, To live in retirement and devote myself exclusively to learning, if only I might be left in peace  [4]  . Ibn-Khaldun, s relationship with AbÃ…Â « l-Abbas remained tense and awkward, as the latter questioned his loyalty. In order for Ibn-KhaldÃ…Â «n to escape his awkward political past that kept following him he decided to leave the Muslim West under the pretence of going to Hajj (Pilgrimage) which is something a Muslim ruler cannot refuse Permission for, and on 24 October 1382A.D./15 Shaban 784A .H. at the ripe age of 50 Ibn-Khaldun left Tunisia and embarked on a boat sailing to Alexandria. During that time and under the Mamluks, Egypt was experiencing a period of economic development, high culture prosperity. But even when Ibn-Khaldun lived in Egypt he couldnt stay completely out of the political life and politics. In 1384 A.D. Ibn-Khaldun was made a Professor of the Qamhiyyah School and a main Qadi of the Malik School of fiqh (jurisprudence) by the Egyptian Sultan Al-Malik udh-Dhahir Barquq. Ibn-Khaldun tried to fight the Corruption and favoritism in the country but due to the Conspiracies that surrounded him he resigned his duty. His resignation coincided with the death of his family and children, when the ship carrying them sank off the coast of Alexandria in 1384 A.D. It was then when he took permission to go to the Pilgrimage to the Holy Lands of Mecca. After returning from his Pilgrimage journey in May 1388 A.D Ibn-Khaldun concentrated more on providing pure educational functions in the various Schools of Cairo. Moreover, in a certain time during a revolt against the Barquq, Ibn-Khaldun fell out of favor at the court. Later after that the relations with the Barquq returned to normal and Ibn-Khaldun once again received the Title of the Maliki Qadi. Throughout his life Ibn-Khaldun received this high title six times, which for many different reasons he never held long to. In 1401, under the Baquqs successor his son Sultan Faraj, Ibn-Khaldun took part in a military campaign against the Mongolian conquest and its leader Tamerlane. Accompanying Sultan Faraj, Ibn-Khaldun marched to Damascus where reports confirmed the arrival of Tamerlanes war Party. The young and inexperienced Faraj only stayed in Damascus for two weeks and returned back to Egypt leaving his army in Syria after concerns about a revolt in Egypt. Ibn-Khaldun remained behind in Damascus for another seven weeks where a series of Historical negotiations went between him and Tamerlane that Ibn-Khaldun mentions in his Autobiography. They Discussed Various Subjects that many where unrecorded. W. Fischel lists 6 specific topics which they talked about: Maghrib and Ibn Khalduns Land of origin. Heroes in History. Predictions of things to come. the Abbsid Caliphate Amnesty and security For Ibn Khaldun and his Companion. Ibn Khalduns intention to stay with Tamerlane.  [5]   After recognizing Tamerlane Intentions and impressing him enough that he asked ibn-Khaldun to join his court, Ibn-Khaldun returned back to Egypt with his final departing words to Tamerlane Is there any generosity left beyond that which you have already shown me? You have heaped favors upon me, accorded me a place in your council among your intimate followers, and shown me kindness and generosity- which I hope Allah will repay to you in like measures.  [6]   Ibn-Khaldun spent the next five years in Cairo completing his autobiography, writing his history of the word and acting as the Maliki Qadi. Due to various political reasons Ibn-Khaldun was dismissed and reinstated three times during these five years as the Maliki Qadi. In addition, Ibn-Khaldun formed an all male club called Rijal Hawa Rijal that attracted the attention of many religious authorities and placed him under arrest. Ibn-Khaldun Passed away on the 19th of March 1406 A.D. / 26 Ramadan 808 A.H. one month after being appointed for the sixth time for the office of the Maliki Qadi. During his life Ibn-Khaldun produced a lot of work and books some that was unfortunately lost. Ibn-Khalduns main work KitÄ bu l-ʆ¢ibÄ r was originally written as a history of the Berbers. Later on the Ibn-Khalduns focus widens and represents a so-called universal history in it. KitÄ bu l-ʆ¢ibÄ r is divided into seven main books; the first one is the Muqaddimah which can be considered as a separate work. The Muqaddimah or the Prolegomena was written in North African in 1377 and records an early Muslim view of universal history. The Muqaddimah also Deals with several topics and disciplines such as sociology, politics, urban life, economics, and knowledge. British historian Arnold J. Toynbee called the Muqaddimah a philosophy of history which is undoubtedly the greatest work of its kind that has ever yet been created by any mind in any time or place.  [7]  Other than that, Books two, three, four and five cover the history of mankind up t o Ibn-Khalduns time, and Finally Books six and seven cover the history of the Berber people and Maghreb. Other works of ibn-Khaldun, LubÄ bu l-Muhassal which is a commentary on the Islamic theology of Fakhr al-Din al-Razi and was written by Ibn-Khaldun at the age of nineteen in Tunis. SifÄ u l-SÄ I is a work on Sufism and was written by Ibn-Khaldun around 1373 in Fes, Morocco. ʆ¢allaqa li-l-SultÄ n, a work on logic was composed by Ibn-Khaldun during his time in the court of Muhammed V, Sultan of Granada. The British philosopher Robert Flint wrote the following on Ibn-Khaldun: As a theorist on history he had no equal in any ageà ¢Ã¢â€š ¬Ã‚ ¦ Plato, Aristotle and Augustine were not his peers.  [8]  . To Conclude, Ibn-Khaldun is considered an important figure and icon in the fields of History, Philosophy and Sociology in the Muslim history, culture and in the world. Ibn-Khaldun remains today a witness on the greatness of the Islamic thought distinguished by the accuracy, the scientific seriousness and the ability on the renewal to enrich the human thought. His Introduction is his greatest legacy he left for all of humanity and for the generations to come.

Essay --

The United States of America has been ranked 12 according to the United Nation’s 2008 human development index report in committing towards education by public spending. According the U.S. Department of Education, the federal, state and local governments had spent a total of 786.8 billion dollars in 2006 on education and it is estimated that in the year 2008, about 837.7 billion dollars has been spent. In the school year of 2004-2005, the average expenditure per student was $8700. In an average class of 23, the annual cost to run a class room comes out to be $200,100. It is clear from the statistics that education is expensive in the U.S. Beside all these government spending, it is still the fact that the public education in the U.S. is worse than some of the developing countries. As Anya Kamenetz says in â€Å"DIY U: Edupunks, Edupreneurs, and the Coming Transformation of Higher Education† that we produce intellectuals that don’t know the difference between a country and a continent or they don’t know the names of the heads of the key countries. However, the school board, teachers, and pa... Essay -- The United States of America has been ranked 12 according to the United Nation’s 2008 human development index report in committing towards education by public spending. According the U.S. Department of Education, the federal, state and local governments had spent a total of 786.8 billion dollars in 2006 on education and it is estimated that in the year 2008, about 837.7 billion dollars has been spent. In the school year of 2004-2005, the average expenditure per student was $8700. In an average class of 23, the annual cost to run a class room comes out to be $200,100. It is clear from the statistics that education is expensive in the U.S. Beside all these government spending, it is still the fact that the public education in the U.S. is worse than some of the developing countries. As Anya Kamenetz says in â€Å"DIY U: Edupunks, Edupreneurs, and the Coming Transformation of Higher Education† that we produce intellectuals that don’t know the difference between a country and a continent or they don’t know the names of the heads of the key countries. However, the school board, teachers, and pa...

Ozone Depletion Essay

The Ozone layer is located in the Earth’s upper atmosphere. It acts as a barrier and absorbs majority of UV radiation before it hits Earth’s surface. Ozone is made up of three oxygen atoms that are naturally occurring molecules. The depletion of the ozone has become a worldwide issue and is caused by the release of CFCs into the atmosphere. CFCs release chlorine atoms which break down ozone molecules. The depletion of the ozone layer threatens to leave life on Earth unprotected from UV radiation. Chlorofluorocarbons (CFCs) contain chlorine, fluorine and carbon atoms. CFCs can be found in spray cans, in the plastics industry and in refrigerants. When UV rays in the upper atmosphere hit CFC molecules, a carbon-chlorine bond breaks leaving a single chlorine atom. This chlorine atom reacts with the ozone molecule causing it to breakdown. The breakdown of ozone leaves an ordinary oxygen molecule (O2) as well as a chlorine monoxide molecule. Because UV radiation breaks oxygen molecules into single oxygen atoms, the single oxygen atom then breaks up the chlorine monoxide. With the chlorine atom left by itself, it is then able to repeat the process of breaking down more ozone molecules. However, the depletion of the ozone is not only caused by CFCs. Halons, CH3CCI, CCI4, HCFCs, hydrobromofluorocarbons and methyl bromide are all linked with ozone depletion leaving life on earth vulnerable to the effects from exposure to UV radiation. With the depletion of the ozone, UV radiation becomes more accessible to life on Earth and effects from this radiation follow. Since ozone filters UV radiation, with ozone depletion comes higher levels of UV radiation hitting the surface of the Earth. The increase in ultra-violet rays consequently mean higher risk of skin cancers and cataracts in humans and animals. Higher levels of this radiation also damages materials such as plastics, harm certain crops as well as marine animals. Extra UV radiation deters the natural reproductive cycle of phytoplankton (a single celled organism at the bottom of the food chain) Scientists fear that the population of other species will decrease with the loss of phytoplankton. Since the depletion of the ozone layer, researchers have recognised obvious deviations in the reproductive rates of fish, shrimp and crabs as well as frogs and salamanders. These changes in organism’s reproductive rates and higher risks of skin cancer and cataracts can all be linked to the depletion of the ozone layer. Since CFCs have been released into the atmosphere, Earth’s naturally occurring ozone layer has been depleting. The ozone layer above the Antarctic has been majorly affected by CFC pollution since the mid 1980’s. However, CFCs were banned in 1987 to prevent further damage to the ozone layer. Results of ozone depletion can be dramatically seen throughout the southern spring and summer when the sun shines for longer periods at a time. Due to chlorine reacting with the Ultra-violet rays, ozone is destroyed on a scale of up to 65% during these months. Even though CFCs were banned in the 1980’s scientists estimate it will take another 50 years for chlorine levels to return to their natural levels. With CFCs being emitted into the atmosphere, the breakdown of ozone has resulted. Without the ozone filtering UV rays, higher levels of radiation are able to hit the Earth’s surface leading to higher rates in skin cancer and cataracts. Ozone depletion has also been linked with the obstruction of organisms natural reproductive cycles. Although they were banned in the late 1980’s, CFCs will continue to be present in the atmosphere for many more years causing ozone depletion to remain a worldwide issue.

Eagle Airlines

[pic] Eagle Airlines Business Decisions with Data Models Assignment on Risk Analysis Team Members: Sfykti Dimitra Goumas Evangelos Manikas Athanasios Papaspirou Yiannis As assigned by Mr. Hadjistelios, President of Eagle Airlines, a simulation analysis is developed in order to evaluate company’s intention to proceed with the purchase of a new aircraft. According to the President’s estimations, the uncertain parameters which affect the annual cash flow are the below; 1. Hours flown 2. Charter Price/Hour 3. Ticket Price/Hour 4. Capacity of Scheduled flights 5. Ratio of charter flights 6.Operating Cost/hour The main assumption to work upon the scenarios is that the numbers generated for the different variables remain the same across the years. Initially, a base scenario is built and a profit-and-loss account for a typical year of operation is derived using the most likely values of the different parameters. Upon construction of the base scenario, the optimistic and pessimi stic scenarios are also formulated in accordance to the assumptions by the President in respect to possible variations to higher and lower values than the most likely ones used for the base scenario.For all three scenarios, the demand/cash flow is calculated revealing a wide range of values (from â‚ ¬273. 180 to -â‚ ¬39. 040) among the 3 possible cash flows. In addition, the one-way sensitivity analysis conducted for all six uncertain parameters demonstrate the impact of each parameter on annual cash flow and by the designation of a scatter plot, we can identify to what range of values every uncertain parameter affects the demand. Upon that, a Tornado diagram is plotted in order to visually demonstrate the range of impact of each parameter.According to the diagram, ticket prices/hour and capacity of Scheduled flights seem to be the two important parameters that most influence the annual cash flow, whereas the ratio of charted flights and operating cost/hour are the ones affect the least. Following this determination, a two-way sensitivity analysis is implemented and the outputs shown in a 3D plot illustrate a one-level relationship between the variables. By assuming that the probability distributions are the ones assessed by Mr. Hadjistelios, a test scenario is run using the @RISK add-in with 50. 00 iterations and the results’ interpretation is described below. Interpretation of results The basic data and the main decision factors to be taken into consideration by the President are raised below in order to provide substantial argumentation for the final business decision. ? According to the given data, the annual cash flow of the base scenario is â‚ ¬46. 184, less than the breakeven point by â‚ ¬7. 513. Therefore, in case the base scenario will actually happen, the company will need more than a 5-year lifetime in order to pay out the investment of the new aero plane. In the optimistic scenario, the annual cash flow is â‚ ¬273. 180 and the difference from the breakeven point is â‚ ¬219. 483. According to this scenario, the investment is highly profitable and will be paid off by the end of the first year while a number of approximately â‚ ¬93. 180 profits will be generated. ? In the pessimistic scenario, the annual cash flow is – â‚ ¬39. 040 and the difference from the breakeven point is â‚ ¬92. 737. , which is a bad scenario but at the same time quite unlikely to happen. According to @RISK analysis, as illustrated in the figure below, some important observations are derived; [pic] The probability that the investment will be profitable within a 5-year lifetime is 73. 4%, meaning that the annual cash flow will be greater than the breakeven point of â‚ ¬53. 697. ? The probability the annual cash flow to be less than the breakeven point is 26. 6%, as presented in the graph above. ? However, it is important to refer that the same probability (26. 6%) applies for the company to generate cash over ↚ ¬96. 511. The above implies the fact that if in one year the cash flow is below breakeven point, this under the same probability can be offset by another year’s revenues. [pic] According to the normal probability distribution, the expected value (mean) is approximately â‚ ¬77. 342 that actually is translated into a â‚ ¬23. 645 return on investment. ? A probability over 50% that the company will generate cash flow of at least â‚ ¬74. 467 (median) which represents the 40% of the aeroplane current value. ? However, another important statistical parameter to be taken into account is the standard deviation of â‚ ¬35. 257 that describes a quite wide dispersion/variability of the probability distribution. ? If we do not take into consideration the discount rate of 15%, then the breakeven point will be 36. 00 (180. 000/5) and the probability of the investment to be profitable is 89%. ? In case the company self-funds the purchase out of the cash surplus of the company, t he investment seems to be less risky since potential deviation from the breakeven point does not imply financial obligations to third parties, such as banks (loans and interest rates). [pic] ? The probability that the investment will be paid off already by the end of the first year is 0. 7% while the probability that the company will generate negative values by the end of the first year is 0. % which seems a quite extreme case, with a smallest value of -â‚ ¬22. 642. [pic] ? However, it should be considered that the company operates a number of business parts and it is being taxed for the total activities as a whole, thus with a tax rate of 33% the actual loss will be â‚ ¬22. 642 * 0. 67 =â‚ ¬15. 170, with the assumption that the company is profitable overall. Another important factor to consider is the operations’ expansions by 33% with the purchase of one additional aircraft to the current equipment of the three twin – engine aircrafts which provide charter f lights and scheduled commuter services.The company may redefine the strategy and decide to add new destinations in the services, currently limited to south Balkans, so as under the promising prospects analysed above, to further strengthen the company’s brand name and grow the Share of Market (SoM). The above can be well justified considering both cases of charter and scheduled flights. On the one hand, in respect to charter flights the company seems to have already identified available ground to grow by further building on the level of service.On the other hand, the scheduled flights, currently holding a percentage of 60%, represent the variable that mostly affects the cash flow, according to Tornado diagram. This in combination with the fact that the company â€Å"had slightly more control over the ticket price per/hour of scheduled flights† demonstrates a high future development potential with a thorough strategy. The critical service category in the context of the n ew investment risk analysis for Eagle airlines to analyze is Scheduled flights.Ticket prices/hour and capacity of Scheduled flights, the two most important and correlated variables, should be in depth evaluated according to the most likely possible estimations. For example, according to the data given, the variability for the price per ticket is greater in the higher values than the lowest ones. However, the actual price per ticket is highly correlated to the capacity/utilization rate and the flight hours. The base scenario argues for good prospects, but a deeper analysis could identify opportunities that Eagle airlines should closely monitor and evaluate in order to maximize its profits.It is important also to refer that according to the estimations, there is no high variability of the operating costs compared to the expected value of â‚ ¬445/hour (only â‚ ¬15 in either direction). Some important facts are given also throughout the case providing additional argumentation over the purchase; Piper Chieftain has been maintained according to the legislations and regulatory environment, is in a good condition and the expected normal use is 5 years with possibilities for more, contains the necessary navigation and communication equipment, and insurance has been included in the fixed costs.The above, in case were unknown, would be important cost factors to analyze and include in the risk analysis assessment. The above analysis argues the business decision to proceed with the investment in the Piper Chieftain, having calculating and evaluating the risks involved while recognising the opportunities.