Feng Shui Cure for Promoting Fertility Along with Latest Infertility Treatments

With many couples working and also marrying at a later age many couples are facing with delayed pregnancy and infertility problems. With stress in personal and job the couple need strong feng shui cures to bring back passion in their personal relationship. After medical check up and tests if the coupled o not have any biological or medical problem with fertility then feng shui cures can help to promote fertility.
Clutter clearing in the room and office. Also try to remove personal blocks by using healing methods if possible. Try to clean the bed if there is storage underside and once cleaned do not try to clean it till for few months when trying to conceive for baby as we want stable energy for the bed.
Have paintings of red flowers or two fragrant candles lighted daily for some time in your bedroom. Do put the candles off before going to sleep. We do not want any accidents using feng shui. A painting of apple orchards with red apples full is considered very good as also paintings of orange trees or bowl full of oranges. The best cure is of painting of pomegranate as this cure has been used since ages and even our ancestors believed that this fruit, as pomegranate resembles many seeds, is very lucky to promote fertility. The couple an also eat pomegranate fruit as this is very good for health.
You can also place pomegranates in the bowl in your bedroom near your bed. If this is not possible to have real fruits then you can have plastic ones and even if this is not possible have a painting hung on the west wall of your bedroom. West area of your bedroom is the creativity and children area of your home and is most important to promote fertility.

Also hang baby pictures on this section of your bedroom and view them daily. Never hang a calendar or clock on your bedroom door as this will put undue pressure on the couple to have baby as time is passing.

If possible do take a break from your job or vacation to some relaxing place, not adventure sports, just some quiet relaxing place to promote fertility and kindle passion between the couple. And remember feng shui can be done along with any medications or latest infertility treatments as feng shui promotes good energy and will only hasten up the process of you getting a baby. Best of luck!

How to Get Job Promotion and Salary Rise Using Feng Shui

Ask any job employee and you will understand the need for rise in salary and job promotion. Working for years together if you have not got any promotion and your employer does not pay much attention towards you, try using simple feng shui cures to attract wealth and good respect from others.

First of all use feng shui cures where they are needed. Here since your career is involved the best area to feng shui would be the north and north west. Also the left side of your living room which is the wealth area of your home and the south east also the most important area for the home owner has to be feng shuid. Not to forget the main door feng shui which is required to welcome chi and good luck and prosperity into your home.

Make your front door attractive and also your name and address along with flat number clearly mentioned. Also consider all the other feng shui tips for main door from my previous posts.

Your business card plays a very very important role in this case and the most easy and quick fix feng shui tip is to make a business or your position card according to your position. It does not mean you select a red card for your post as an software consultant trying for a managerial position. If you are an marketing agent trying to rise and become an area manager or some one trying to go up the corporate ladder everyone knows that your business and position card represents you and gives a first impression about you.  

Try to keep your name on the left hand side of your card and select clear fonts as you want people to know you by your first name at a glance. Many people have cursive fonts and designer personal cards and then they do not know why people do not remember their names!

Try to put up happy pictures of your office and colleagues and of course your boss in the north west section of your home. Viewing these pictures you will unconsciously build up happy memories regarding your boss and your colleagues. Everyday before leaving for office make positive intentions and view these pictures for few moments and then leave for office.  

You can also place an feng shui cure in your office in this section in form of a bamboo plant and do try to take care of this plant as I have seen many people buy the bamboo plant and feel it will grow itself without watering! Pay attention to office table feng shui and keep it clean but not empty, as this will indicate you are not doing any work, do try to keep files in place and all stationary arranged in working mode and not in the pen holder. Whenever anyone enters your cabin they must get the impression that you are with work at hand. All this will attract money luck.

Feng shui cure paintings are very easy solutions for all job related problems, be it salary rise or upgrade in position. You can have paintings of horses galloping as these bring strong energy and bring in loads of luck and wealth as well as opportunities. The feng shui greedy dragon is one painting that is a must for high achievers along with money board paintings with your personal intentions.

Trying your hand at simple feng shui you will understated that luck favours those who keep working toward betterment of their position. So try upgrading your skills list and always keep upgrading your resume with new additions which will definitely lead to a higher position up the corporate ladder. And for the heaven and earth luck use feng shui cures. Results can be seen as soon within few weeks.

Beautiful concept architecture of Thu Thiem New Urban Area

VNRE - Our vision for the Thu Thiem New Urban Area is to reflect the colorful, exuberant and multi-faceted atmosphere of Ho Chi Minh City, while weaving both traditional and modern elements to create a contemporary waterfront, bridge and urban plaza.


The new Crescent Park is a mirror of the Saigon River’s water surface, where ripple patterns are magnifi ed and deeply etched along the waterfront, creating a series of undulating sculpted landforms. This monumental earthwork, stretching a distance of two kilometers, is comprised of unique, individually contained spaces, fluidly melding the shoreline with the land.

The Park’s surface is sculpted, scooped and hollowed, providing both intimate garden settings and large spaces for both active and passive recreations. The street and sidewalk is shaded with the familiar but magnificcent and dignified Ficus lyrata. Extensive landscaping also highlights Vietnam’s lush fl ora. The waterfront promenade is accented in layers of delicate Bauhinia purpurea and Plumeria acutifolia, winding through a series of tropical fragrance gardens.

Weaving the land with folklore tales, we refer to “The Story of Tam and Cam”. This magical story is retold in the Secret Garden’s “Fern Well”, where shallow wells are ringed with lush ferns containing gold fish ponds.

Nestled between a Pandanus Grove and the aromatic Ginger Grove is an elongated, undulating landform clad with a skin of diamond-shaped solar panels resembling dragon scales. By day, the scale-like panels rotate with the path of the sun. By night, upon complete rotation, the reverse side of the solar panels transform into a “Nightingale Garden”, fi lling the air with the sweet fragrance of Night Blooming Jasmine. Combined with the woody aroma of burning incense (used as mosquito and insect repellent), and the earthy scent of the river, the winding promenade will turn into a fragrant path with its own aromatic ambience, becoming a romantic evening destination.

Colorful “Glass Beaches” front the river shoreline. A series of steps along waterfront allow access to the floating market, ferry terminal and water taxi station.





Source: Cao | Perrot Studio.

How to Pay Off Your Home Loan Using Feng Shui

How to pay off your home loan using simple feng shui?
Home loans have become a part of the new generation as property rates are very high and everyone needs to buy a house of their own. Since home loans are the easiest way to fulfill your dream of buying a new dream home you do feel stuck up with your loan and paying off the loan sometimes pulls your finances too much. Let us see how feng shui can help you pay off your home loan.
The feng shui of your main door is very important here to welcome good opportunities and increased income. Also consider feng shuing your north west section of your living room. Place feng shui cures here for attracting help from unexpected quarters and good supportive friends which are most essential during the times of loan repayment, though you do not expect them to give you money but understanding and supportive friends are always welcome to give your right guidance.
Feng shui money cures will help you here and keep a orange plant of real or artificial one near your main entrance. Oranges in feng shui are similar to money and wealth and this also represents gold. You can also place a small metal turtle in water facing the door. Turtles arte believed to have long life and this will give you support and strength in your loan repayment times. Also money going out in form of expenses will curb down and you will learn to save with whatever funds you have. Over the rime you will get accumulated funds and you can repay your loan on time or even much earlier that the tenure.
Tie few feng shui gold coins and money with red ribbon and place it near the main door to welcome wealth into your house. Having feng shui cures paintings for promoting money luck can also help you to improve your money luck and welcome wealth into your life.

Keep the toilet door and toilet seat lid always closed after use to minimise the drain of money and expenses and also repair all leaking pipes and other leakages of your home or outside your home. Being in any loan indicates that your money finances are not sufficient and you need to put in more effort to improve your finances. Try to feng shui your career area to get new and improved opportunities to improve your financial status which in turn will bring new money and help you to come out of any loan.

Do put up a feng shui money board painting with all your dreams and intentions for achievements as this will unconsciously promote you to go through your dream daily and having the picture of your dreams before you will make way to work towards fulfilling your dream of coming out of any loan and owning a dream home.

Yes and please do not forget there is no replacement to sincere effort and hard work and do not try to use feng shui cures as an excuse to do less work and wait for miracles! keep working towards paying off your loan and leave the rest on feng shui and see how easily and smoothly your home loan is paid off.

Important Feng Shui Cure for House at Lower Level Than Road

One of the important rules in feng shui is that your house that is the most important aspect of your life and family must always be at a higher level than the outside world. This is best feng shui for any home but this may not always be possible. We see houses built at lower levels and sometimes the road outside is turned straight to a sharp corner. Your house also is not good feng shui when the road outside your house is steep uphill and your house falls at lower level.
What happens in such cases is that the energy of your house is pushed below ground and there is always pressure among the inmates. With financial problems along with relationship problems always the members have to give extra push in every aspect of their life. Since the road is above ground level the outside word always puts undue pressure on you and you have to face extra competition and unnecessary pressure.
There is no fault with you or your house and it is the place that requires feng shuing and even though you may apply many feng shui cures for your house the fault which is in the outside land will not be corrected.
If you are purchasing a new home try to avoid buying houses that fall below ground level and the road  is higher than the house door. You go down in life and as the outside world is an indication of good luck , health and wealth, recognition , you unconsciously go down in life. If you already own such a house if possible try to sell off this property since this land problem will keep affecting your other aspects in life.
Another solution would be to fill up the land and increase the level of your house or make the level of the road same as your house, which many people do but this is very expensive option. Land filling coasts a fortune and this is the most expensive option available to improve the feng shui of your house.
You can also opt for a simpler solution of making steps outside your house. Your main door can be raised to a slightly higher level and having steps will increase the level of your house off the ground. This will indicate that when you enter your house you have to rise and climb above the road which will also improve the feng shui as chi will travel from the main road and rise above to enter your home. And we all know that it is better to have wind travel in curved manner than straight hit the home.
Now if these major changes are not possible and here you try feng shui and let miracles happen in your life.
Take a fresh look at your house from outside as a stranger. What feelings do you get. If your house is just a bit at lower level than the outside road and is visible from outside then you can try simple feng shui cures.
Make your front door attractive with feng shui cures for main door and also add extra protection symbols for encouraging positive chi inside your house. Place a small water feature to clear off negative energy from outside and allow birds to drink and bathe here. This will immediately improve the feng shui of your main door by bringing heaven luck. Plant colorful flower beds to make your entrance attractive but avoid blocking your main door and pathway. Make sure your flat number and your name plate is clearly visible from far also. You can also put up light above your main door for lighting this area.
Now if your house is totally not visible from the road then you lead an unknown existence. People come and go and they cannot locate your house so also your opportunities pass away. For this an important and easy cure would be to put up a name plate with clear directions towards your house. If you do not wish to make another name plate it will also help if you plant a tree, especially a fruit tree that will attract birds or tall plant at this junction and then put up your house number or name or business name. You can also put up a light lamp post here to attract and make others aware that there is as house below. Try to make you pathway connecting your house to the main road with flower beds and colorful flowers and a well lighted pathway will surely bring people and energy to your house. You can also put placards with directions from t eh main road at small intervals with correct and easy directions. Chi is welcoming grace and by making a pathway you will welcome grace into your life.
With these simple tips you can improve the feng shui of your house and attract good luck and prosperity.

Vingroup: Vivid Impression in Vietnam Market

VNRE - Vingroup officially joined the World Economic Forum (WEF) and became a member of the Global Growth Companies (GGC). This giant step is an assertion of the passionately pioneering position and competency of a leading real estate company in Vietnam. Vietnam Business Forum interviewed Mr Le Khac Hiep, Vice President of Vietnam Investment Group JSC (Vingroup), on the group’s operations and development orientations. Thanh Binh reports.

Mr Le Khac Hiep - General Director of VinGroup

Could you briefly introduce Vingroup, after 19 years of development?

Vingroup, which was initially called Technocom, was set up on August 8, 1993 in Kharkov City, Ukraine. The founders were very young, active and enthusiastic Vietnamese students. With in-depth market surveys, research and knowledge, the company installed the two first production lines and employed 35 workers in 1995 to produce Mivina-branded noodles. After three years, from 1995 to 1998, the company’s production output reached 1 million packages. The company was branded a trailblazer of the Ukrainian fast food market. 

Despite fierce competition from Ukrainian and international corporations, Mivina brand noodles held 98 percent of the instant noodle market, over 95 percent of the instant potato market and over 50 percent of the spice market in Ukraine in 2009. The company also exported its products to 30 countries in the world, raking in nearly US$150 million a year on average revenue. The Group’s assets in Ukraine are estimated at hundreds of millions of US dollars, its name is known to more than 95 percent of population, and its products are consumed by more than 75 percent of population.

With its tremendous success and huge contributions to the Vietnamese community in Kharkov in particular and in Ukraine in general, Vingroup has been honoured with more than 200 national, international medals and awards, including Nikolai Medal, Choice of the Year Award, Excellent Quality Award, European Quality Award, etc.

After making great success in Ukraine, with living hearts that beat in rhythm with the homeland, Vingroup leadership decided to invest in big projects in Vietnam since 2000, with two first brand names - property company, Vincom, and tourism company, Vinpearl. Vincom-trademarked construction projects like Vincom Center Hanoi and Vincom Center Ho Chi Minh City or big projects undertaken by Vincom like Royal City, Times City and specially Vincom Village always catch the interest of domestic and foreign investors and have strong impacts on the Vietnamese real estate market. Together with that, Vinpearl Joint Stock Company has become a leading name in the hotel and tourism industry with the Vinpearl Nha Trang amusement complex, Vinpearl Resort Nha Trang, Vinpearl Land, Vinpearl Luxury Nha Trang hotels and island Vinpearl Golf Club course. The Vinpearl hotel system has been expanded to other places of interest like Vinpearl Luxury Da Nang, Vinpearl Resort Hoi An, and Vinpearl Luxury Saigon.

With strong and sustainable development, listed on the Ho Chi Minh City Stock Exchange, Vincom Joint Stock Company (VIC) and Vinpearl Joint Stock Company (VPL) are always among the Top 10 stocks in market capitalisation. At present, Vincom has a charter capital of over VND3,900 billion and a market capitalisation value of VND35,000 billion, and Vinpearl has a charter capital of VND2,000 billion and a market capitalisation value of VND16,000 billion. After the two merge, Vingroup will one of the largest listed real estate companies in Vietnam.

What makes Vingroup a successful brand?

The success of Vingroup is accrued from many factors. The first and most important is to know how to seize opportunity and realise it. In Ukraine, when Vingroup was established, this country was experiencing a very tough time as a result of a transition from a centrally planned economy to a market economy. Inflation galloped, factories closed, and unemployment escalated. This transitional period offers a plenty of opportunities for future growth and the group's founders successfully grasped them. When the Group began its investment in Vietnam in 2000, the Vietnamese economy had been shaken by the Asian financial crisis and started recovery. At that time, the real estate market was still an “open door” and the opportunity once again knocked for Vingroup.

But, I must note that, to make investment and business plans successful and have our current development, we must have the categorical dedication of the entire group.

The final factor to our success that we cannot forget is the support and cooperation of central and local authorities in Ukraine and Vietnam. To obtain this support, since its incorporation, Vingroup has defined that it will become a healthily developing enterprise and contribute to social development activities, as well as promote corporate social responsibility.

Recently, Vingroup was officially admitted to WEF and GGC. How does this mean to Vingroup in particular and Vietnamese brands in general?

On July 1, 2011, Vingroup officially joined the World Economic Forum (WEF) and became a member of Global Growth Companies (GGC).

For Vingroup, becoming one of 300 leading international corporations in the prestigious WEF community is a giant step that asserts its passionately pioneering position and competency as a leading real estate company in Vietnam. This may be called a certification for Vingroup’s position on the international arena and a passport for Vingroup to reach the open sea.

Without doubt, WEF is the most prestigious global economic forum that brings together leaders of developed economies, corporations and top-notch scholars all over the world. Becoming a part of WEF, Vingroup is entitled to join and address regional and global issues. More specifically, we have the opportunity to access sources of information on volatility forecasts or economic, social and political development in each country and the region to define development demand opportunities and cooperate with big international partners in pursuit of mutual cooperation and development.

Playing on the ‘global arena’ means facing more challenges. Does Vingroup have the appropriate tactics to assert its position on the international arena? Would you be kind enough to share the central objectives of Vingroup’s development strategy for the coming time?

That’s right. Playing on the global arena requires us to have innovative policies and strategies. Thus, Vingroup is merging Vinpearl Joint Stock Company in to Vincom Joint Stock Company. The amalgamation of two leading brands, Vincom with the real estate business and Vinpearl with tourism, resort and entertainment services, will surely create a new resilience for the market and continue substantiating and enhancing the global profile of Vingroup.

Vingroup will become a property and tourism group with a charter capital of nearly VND5,500 billion and the largest market capitalisation in the Vietnamese stock market.

Presently, Vingroup is developing four strategic brand groups: Vincom (real estate), Vinpearl (tourism and entertainment), Vincharm (beauty and health care) and Vinmec (high-grade medical services). In addition, internationalising service quality is also an important objective Vingroup is pursuing in order to provide perfect products and services to compete with international groups.

Source: VCCI News

Management Theory Review - Bilbliography

A Review of Leadership Theory and Competence Framework
http://centres.exeter.ac.uk/cls/documents/mgmt_standards.pdf


C
Competitiveness Theory
Momaya
http://una.co.in/downloads/Competitiveness%20fo%20Firms-%20Review%20of%20Theory,%20fw%20-%20Singapore%20Management%20Review%20Paper-%20Dr.%20Ajitabh.pdf

F

Four ManagmentTheories
http://www.kernsanalysis.com/sjsu/ise250/history.htm

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Strategic Issue Managment - Theory Review
https://wiki.aalto.fi/download/attachments/7176236/Strategic_Issue_Management_Theory_review_Kunnas.pdf?version=1&modificationDate=1226694674000

Engineering Economy or Engineering Economics: Economic Decision Making by Engineers

Engineering Economy: An Explanation

An engineering economy study involves technical considerations and it is a comparison between technical alternatives in which the differences between the alternatives are expressed so far as practicable in money terms (Grant and Ireson, 1960).

Every engineerng decision must be subjected to the question "Will it pay?"

The late General John J.Carty, Chief Engineer of the New York Telephone Company, had asked three questions for every engineering proposal that came to him for review.

1. Why do this at all?

2. Why do it now?

3. Why do it this way?

The first question makes an enquiry regarding profit. In business you do a thing because it is profitable to do so.

The second asks whether the person proposing the investment or expenditure has considered the time alternatives. Can we postpone the investment/expenditure and make more profit?

The third question forces the concerned person to consider all other alternatives to the issue at hand and certify that the solution proposed is the most profitable proposal.

Thus General John Carty made sure that engineering economy studies were done by his technical departments.

 

Economic Decision Making

 

Every dollar an executive proposes to spend or proposes not to spend has to be subjected to economic decision making. If an executive decides to keep a machine in service even though it has frequent breakdowns, giving more number of defective items and consuming more energy, he is making an economic decision. A decision to do nothing is a decision to continue the present production equipment or the system and to reject all alternatives, those which were known and those which were not searched for if he has not searched for them.

Most executives agree that the decision to invest Rs. 5,00,000 for the purchase of a new machine is a typical example of an economic decision. But they do not consider their choice not replacing a machine as an economic decision.

Executives are Unprepared for Economic Decision Making

George A. Taylor in his text book, Managerial and Engineering Economy emphasizes that executives are unprepared for their responsibility in generating and examining alternatives by economic criteria. Most of the executives seldom justify their actions and the resulting expenditure by adequate economic criteria. Too many executives do not a feel a true responsibility for the costs they create or the costs they protect by maintaining the status quo. A designer may take it granted that he has the privilege of creating any cost that may result from is design. He feels costs are the responsibility of the company or somebody else in the company. Proper reflection will make him conclude that costs that result from design are in his sphere of management and hence are his responsibility, because he and not somebody else selected the proposed design from all the possible alternative designs.

If an executive disregards the economic effects of a decision, he is disregarding the cost commitments that will result from his decision.

 

Engineering Efficiency Versus Financial Efficiency

In 1923, O.B. Goldman, who wrote the book, Financial Engineering,  said that the primary duty of the engineer is to consider costs in order to obtain real economy – to get the most power, for example, not from the least number of pounds of steam, but from the least possible number of dollars and cents: to get the best financial efficiency.”

 

The goal of equipment selection in a business system is acceptable financial efficiency, not engineering efficiency.

Searching for  Low Engineering Efficiency Alternatives

If the final choice is based on financial efficiency alone, the search for alternatives must be conducted on either side of current engineering efficiency. Search for higher financial efficiency is not necessarily a search for higher engineering efficiency.

Cost Reduction Expenditures and Income Expansion Expenditures

 Expenditure and Investment proposals can be for cost reduction or income expansion. In some cases, both may be realized.  A characteristic of cost reduction expenditure is that the decision does not affect the gross income. A decision in which the gross income increases is an income expansion proposal. For both the proposals, economic decision making is essential.  

Rate of Return on Capital (Finance)

Finance is the money resources of a business organization. Money resources of an organization consist of equity capital contributed by owners of the firm and loans (short-term as well as long-term) given by various  banks, other firms and individuals. All the entities who provide finance to a firm expect to get back the principal and additional return on principal. The business operations of a firm need have the ability to generate that return or more than that return to acquire capital or finance in the first place and then generate the return to satisfy the expectations afterward. This idea gives rise to cost of capital.

 

Cost of Capital

The user of capital must satisfy the profit motive of the supplier of capital. This obligation of the user of capital is termed as the cost for using capital or cost of capital. Hence all expenditure proposals need to include an evaluation mechanism that considers the cost of capital for the capital required to implement the proposal.

Profit: Accounting and Economics Viewpoints

Profits are measured by accountants. But they are evaluated by economists, engineering economists and financial executives.

The accountant computes profit earned during past periods after incomes and expenses are known. The accountant subtracts expenses from revenue to find the profit on the owner’s investment.

 

The economy analyst or engineering economy analyst tests the profitability of a proposed operation.

Engineering Economy Study

The process of engineering economy study will include data gathering and data analysis.

Analysis requires analytical methods and Engineering Economy texts mainly concentrated on analytical techniques. The analytical techniques express the alternatives in comparable measures of money with respect to their cost, revenue or return on capital.

Data gathering will include some current estimates made by engineers by combining the technical information and costs/prices relevant to the materials and processes used to provide goods or services. The data gathering effort cannot be a one time effort and systems are to be put in place to record appropriate data as and when it first appears. For this purpose accounting sections or departments (financial, cost and management accounting) and technical departments have to jointly work out the need for future engineering economy studies and instal appropriate recording systems.

Is There a Need for Engineer to Involve Themselves in Financial Calculations?

While the financial calculations that necessarily follow the engineers designs and technical estimates are in no sense an exclusive engineering function. Such calculations can be done by persons with accounting background and business administrators.

However, these calculations are such a necessary part of the numerous choices between technical alternatives that every engineer has to do as a part of his design function or process that an engineer who is not equipped to make them is a  poor choice for the job. A deficiency in this matter is particularly serious in an engineer who has administrative responsibility for technnical matters (Grant and Ireson, 1960).

 

References

 

George A. Taylor, Managerial and Engineering Economy, Van Nostrand Reinhold Company, New York, 1964.

Grant, Eugene, L., and W. Grant Ireson, Principles of Engineering Economy, 4th Ed., The Ronald Press Company, 1960, P.3.

___________________________________________________________________________________________

Engineering Economics is an Efficiency Improvement Tool for Industrial Engineers

Engineering Economic Appraisal - A Special Role for Industrial Engineers

Engineering economic analysis is to be carried out by all engineers. These analysis reports must be appraised by IE department engineers. IEs can evaluate whether sufficient technical alternatives were considered in proposing the technical solution now recommended and then check the data and calculations of the economic analysis. From IE department, the proposal can go the project appraisal committee.

Engineering Economics is part of Industrial Engineering Tool Kit

Industrial Engineering Tool Kit

_________________________________________________________________________________

Related Articles

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Bibliography

A NEW FRAMEWORK FOR ENGINEERING ECONOMICS

http://www.sie.arizona.edu/faculty/arnold_ASEM_paper.pdf

Environmental Engineering Economics Program

http://www.epa.gov/nrmrl/std/sab/e3/

Optimal Response to Periodic Shortage: Engineering/Economic Analysis for a Large Urban Water District
Anthony C. Fisher, University of California, Berkeley and Giannini Foundation, David Fullerton, Nile Hatch, Peter Reinelt

http://repositories.cdlib.org/cgi/viewcontent.cgi?article=1183&context=are_ucb

Software Engineering Economics

http://csse.usc.edu/csse/TECHRPTS/1984/usccse84-500/usccse84-500.pdf

Recently Published Books

Principles of Engineering Economic Analysis, 5th Edition
White, Case, Pratt
ISBN 978-0-470-11396-7, © 2010

Management of Knols are Narayana Rao are being consolidated in

http://nraomtr.blogspot.com/ 

Originally posted in
http://knol.google.com/k/engineering-economy-or-engineering-economics-economic-decision-making-by

Introduction to Engineering Economics

Engineering Economics Revision Article Series

Engineers must decide if the benefits of a project exceed its costs, and must make this comparison in a unified framework. The framework within which to make this comparison is the field of engineering economics, which strives to answer exactly these questions, and perhaps more.

It seems peculiar and indeed very unfortunate that so many authors in their engineering books give no, or very little consideration to costs, in spite of the fact that the primary duty of the engineernig is to consider costs in order to obtain real economy- to get the most possible number of dollars and cents: to get the best financial efficiency.

O.B. Goldman, Financial Planning, John Wiley & Sons, New York, 1920.

It would be well if engineering were less generally thought of, and even defined, as the art of constructing. In a certain important sense it is rather the art of not constructing; or, to define it rudely but not ineptly, it is the art of doing that well with one dollar which any bungler can do with two after a fashion.

A.M. Wellington, The Economic Theory of the Location of Railways, John Wiley, New York, 1887

The subject confines of engineering economy were staked out in 1930 by Eugene L. Grant in his book 'Principles of Engineering Economy".

WHY DO ENGINEERS NEED TO LEARN ABOUT ECONOMICS?

Ages ago, the most significant barriers to engineers were technological. The things that engineers wanted to do, they simply did not yet know how to do, or hadn't yet developed the tools to do. There are certainly many more challenges like this which face present-day engineers.

But now, natural resources (from which we must build things) are becoming more scarce and more expensive. We are much more aware of negative side-effects of engineering innovations (such as air pollution from automobiles) than ever before.

For these reasons, engineers are asked more and more to place their project ideas within the larger framework of the environment within a specific planet, country, or region. Engineers must ask themselves if a particular project will offer some net benefit to the people who will be affected by the project, after considering its inherent benefits, plus any negative side-effects (externalities), plus the cost of consuming natural resources, both in the price that must be paid for them and the realization that once they are used for that project, they will no longer be available for any other project(s).

Simply put, engineers must decide if the benefits of a project exceed its costs, and must make this comparison in a unified framework. The framework within which to make this comparison is the field of engineering economics, which strives to answer exactly these questions, and perhaps more.



The Accreditation Board for Engineering and Technology (ABET) states that engineering "is the profession in which a knowledge of the mathematical and natural sciences gained by study, experience, and practice is applied with judgment to develop ways to utilize, economically, the materials and forces of nature for the benefit of mankind".

http://www.isr.umd.edu/~austin/ence202.d/economics.html



Engineering Economics, 4th Edition, James L. Riggs, David D. Bedworth, and Sabah U. Randhawa
McGraw Hill, New York, 1996


MIT Open Courseware
ESD.70J / 1.145J Engineering Economy Module, Fall 2008, Excel based course
http://ocw.mit.edu/OcwWeb/Engineering-Systems-Division/ESD-70JFall-2008/CourseHome/index.htm

A NEW FRAMEWORK FOR ENGINEERING ECONOMICS
Basic Engineering Economics - a PDH Online Course for Engineers

Article Originally posted in
http://knol.google.com/k/narayana-rao/introduction-to-engineering-economics/2utb2lsm2k7a/248

Engineering Economics or Economy - Typical Problems

1. Repairs to a factory roof can be made today for $4,000. If repairs are postponed, it will have to be replaced in 3 years for $6,000. Both the repaired roof and new roof will have similar technical life and last long. If the company's minimum required rate of return is 30%, should the repairs be made?

Sppwf (32%, 3 years) = 0.435


2. By spending $30,000 for a conveyor, a factory expects to save $6,000 a year for the next 7 years in the cost of handling material. The conveyor belt will have zero salvage value at that end of 7 years. If the cost of capital for the project is 18%, should the company invest in this project?

Uspwf(18%,7 years) = 3.812


3. A company can overhaul a machine now for $2000. It can wait unit the end of the year also. But during the year it will suffer a cost $400 due to idle labor. If the cost of capital is 20%, what is the right decision?

Spfwf(20%,1year) = 1.2


4. A machine needs to be maintained at a cost of $500 at the end of the year, and this cost is expected to increase by $50 a year over its 10 years further life. A overhaul of the machine costs $2000$ and this will reduce the maintenace expenditure to $100 per year. Should the company go for the overhaul if its minimum rate of return required is 20%?

Uspwf (20%,10 years) = 4.193


5. A company can purchase a new special-purpose lathe for $7,500 installed cost. The annual cost of running this machine that includes labor, power, and maintenance, is $2,500. The other alternative is a general purpose machine that can be installed for $4,500 and the anual cost is $3,250 a year. The life of both the machines is expected to be 10 years and the salvage values are expected to be $750 and $500. If the company's minimum required rate of return is 15%, which machine should be recommended?

Sppwf (15%,10years) = 0.247; Uspwf (15%,10 years) = 5.019


Originally posted in
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Time Value of Money

Engineering Economics Revision Article Series

This topic explains the various concepts used to calculate future values or present values of a series of cash flows that result from engineering decisions to buy new equipment or replace old equipments.

Introduction

In one has money in his hand, he can invest it in a bank deposit and after one year he gets back his principal amount and in addition some interest. Therefore $1 today, deposited in a bank at 3% interest per annum will become $1.03 after one year. This is the concept of time value of money. Over time, money increases due to accumlulation of interest. Compound interest formula A = P(1 +i)ⁿ represents the future value of money.

P = A (1+i)^-n represents the present value of money received after n years.

 

This topic explains the various concepts used to calculate future values or present values of a series of cash flows that result from engineering decisions to buy new equipment or replace old equipments.

 

Time Value can be present value of a series of future cash flows or future value of  series of future cash flows.

 

Single Payment Cashflow 

 

For a single payment now made, one can calculate a future value. This is done by compounding using the formula  A = P(1 +i)ⁿ

 

For a payment to be received in the future, one can calculate the present value. This is done by using discounting formula P = A (1+i)^-n

 

Uniform Periodic Payments

 

For uniform periodic payments, one can calculate the present value or future value. The payments are assumed to be made at the end of period.

 

Compounding of uniform series of cash payments

 

S = R [(1+i)ⁿ - 1]/i

 

where S = Compound amount or future amount at the end of n periods

R = Periodic cash payment at the end of the period

i = rate of interest or required rate of return

n = number of periods for payments are made

 

 

Discounting of uniform series of cash payments

 

P = R [(1+i)ⁿ - 1]/[i 1+i)ⁿ ]

Where

P = Present Value

R = Uniform series of periodic payments

i = interest rate

n = number of periods of payments

These time value formulas are expressed in factors

A = P*Single payment future worth factor  =P*Spfwf

P = A* Single payment present worth factor = A*Sppwf

S = R* Uniform series future worth factor = R*Usfwf

P = R*Unform series present worth factor = R*Uspwf

 

Two More Factors

 

Sinking Fund Deposit Factor

Sfdf = 1/Usfwf

Sinking fund is fund accumulated with periodic payments for incurring a lumpsum expenditure at the end of a long period. Sfdf gives the amount to be deposited at the end of each period for n period to accumulate one dollar at the end n periods.

Capital Recovery Factor

Crf = 1/Uspwf

Capital recovery factor gives the uniform payment to be received by you at the end period of n years to get recover back the investment you made today.

 The factor tables are available and factors depend on interest rate i and term n.

Factors for a required rate of return of 10% and 5 years term.

 

Spfwf - 1.6105

Sppwf - .62092

Usfwf - 6.1051

Uspwf - 3.7908

Sfdf - 0.16380

Crf -  0.26380

 

References

Engineering Economics, 4th Edition, James L. Riggs, David D. Bedworth, and Sabah U. Randhawa, McGraw Hill, New York, 1996

 

 

Visit http://nraomtr.blogspot.com/  for Management Knols of Narayana Rao

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Present-Worth Comparisons

Engineering Economics Revision Article Series

Net present worth (NPW) or Net present value (NPV) is the difference between the present worths of benefits and costs of an engineering decision. It is the most widely used present-worth model.

Illustrative Problem

A single underground transmission circuit is needed immediately, and load studies indicate the need for a second circuit in 6 years. If provision is made for a second conduit when the conduit for the first circuit is installed, there will be no future need for reopening, trenching, backfillng, and repaving.

the cost of installing a single circuit wiht minimum preparation for the eventual second circuit is $850,000. the installation of the second circuit will be considered to cost $800,000 at the end of year 6 in order to be in operation by the beginning of year 7. If the second circuit is installed immediately, the total cost will be $1.4 million.

Constant annual operating and maintenance costs of the circuits are 8 percent of the first cost. The average life of a circuit is 20 years. The required rate of return on such investments is 10 percent before taxes.

To take a decision, Comparison of the deferred investment with the immediate investment needs to be made.
(Exercise Problem 3.25, Riggs)
References

Engineering Economics, 4th Edition, James L. Riggs, David D. Bedworth, and Sabah U. Randhawa, McGraw Hill, New York, 1996

http://knol.google.com/k/narayana-rao/present-worth-comparisons/2utb2lsm2k7a/250

Updated 21.4.2012

Required Rate of Return for Investment or Expenditure Proposal

Engineering Economics Revision Knol Series
Each business expenditure proposal that holds forth prospects of profits can be termed as investment. Investment is defined as spending money with the expectation of profits.

Business firms are users of capital. The user of capital has to satisfy the profit motive of the suppliers of capital. There is cost for using capital.

Introduction - Business Expenditure or Investment

Each business expenditure proposal that holds forth prospects of profits can be termed as investment. Investment is defined as spending money with the expectation of profits.

Deferment of present ability to consume to a future period is done by persons due to profit motive. The profit motive can be explained as the inducement that causes man to forego satisfying his present desires based on the prospects of satisfying greater ones in the future. Thus, every individual is motivated by profit for his personal investment decisions or deferment of consumption decisions. Professional managers of corporations are being paid to perform activities that satisfy the profit motive of the corporation's shareholders.

Cost of Capital and Profit Motive

Business firms are users of capital. The user of capital has to satisfy the profit motive of the suppliers of capital. There is cost for using capital. The cost may be a contractual obligation in case of loans and bonds. It good be a good faith obligation in case of equity capital. The manager is charge of the firm is expected to undertake activities in line with the business plans and execute them to obtain the expected profit.

Sources of Return

Capital is productive. It is continuously invested in fresh investment or expenditure opportunities that yield more profit than the current projects. From this statement, the concept of opportunity cost arises. Whenever any person is contemplating a new expenditure proposal money is being diverted to the new proposal from an old project or currently planned project. The return anticipated from the current project is the floor for the new project. The new project has to give a rate of return that is higher than that of the current selected opportunity. Thus every new proposal has an opportunity cost of capital.

Every proposal that clears the test of opportunity cost of capital is giving profit. Thus owners of capital or professional managers invest their capital in efficient proposals that give profits.

Determination of Cost of Capital

A corporation's capital is sourced from variety of suppliers. Equity Capital, Preferred Share Capital, Profits Retained or Ploughed back and debt capital are the main instruments through which capital is acquired by companies or corporations. To estimate the total cost of capital, the cost of each source of capital is to be first estimated. Then the weight of each source of capital in determined and the weighted average of various costs of capital gives the company cost of capital. This exercise can be done for each proposed project.

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Rate-of-Return Calculations

Engineering Economics Revision Article Series

Internal rate of return (IRR) of an engineering decision can be compared with the minimum acceptable rate of return set by the organization.

IRR is calculated by equating the annual, or present, or future worth of cash flows to zero and solving for the interest rate that allows the equality

References


Engineering Economics, 4th Edition, James L. Riggs, David D. Bedworth, and Sabah U. Randhawa, McGraw Hill, New York, 1996


Online Resources
http://www.ie.bilkent.edu.tr/~ie342-3/Lecture%20No25.ppt


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How Many Feng Shui Cures Can I Use? Case History of Working Feng Shui

Recently I visited a home where I could feel the presence of feng shui everywhere. Meaning there were obvious feng shui cures every where visible and just too much. The front door was in red, a bit too loud for the educated family and it had a mirror to deflate all negativities from outside. Wind chimes would make a lot of sound as there were just too many for every corner of the house, which led to in fact make it feel like noise. There were red paintings, red flowers and also red fire place with bricks of red colour. On entering the bedroom there were paintings of two love birds with special big chandelier in the south west which was a bit over sized and jarring for the bedroom atmosphere.  A couple of fragrant candles were kept burning as the couple were heading for divorce and feng shui was their last hope. All in all the entire atmosphere was tense and feelings of disharmony were obvious.
First of all my advice was to clear away all the feng shui cures since they had already accumulated a lot of negative energy from the house and its inmates. Here I would like to advice that feng shui is all about balance and harmony. Anything that breaks the harmony be it the best cure will not give you the desired results. The house needed purification with salt water and incense regularly for at least three weeks and a minimum of seven days if done daily. Sitting and conversing the couple did have lots of love which was visible in their aura and their emotions over flowed about the willingness to carry the relationship but every time they tried it led to some misunderstanding and fight.
The main problem needed to be analysed as the couple did not have any problem with finances and as they were trying hard to have a baby this pressure generalised in their whole life. Ending a relationship is not the solution and with feng shui there is always hope. First the clutter clearing was essential as the lady had accumulated many old past things and items which were of no use. The displayed  antique objects were good and very costly with antique golden vases and ceramic items.  There was one structure looking like a bottle with tiny toy dolls and birds inside it and the lid was sealed.
 On first glance it was a beautiful  artwork but looking closely I felt the dolls and babies inside the closed structure were as if people were in bondage and stifled. This was a rare gift from her elders and she could not part with it. So the advice for her was to cover the antique objects for at least three months, the time to see the feng shui cures work. There was no need to sell the items and only keeping them away from sight would be enough.

Another big and important point was there was too much feng shui. On this the couple did admit that it was a bit uncomfortable and even the  husband would not feel relaxed on entering the house after a days work in office. All these feng shui cures were bought after reading a lot on feng shui and trying cures. So here the wind chimes were also removed. The couple was allowed to hear each wind chime separately and the most pleasant sounding chime was selected and the rest were kept in storage. The red paintings were also removed and only the fire place existed for the south area as this was immovable!
The bedroom the most important room in the house , especially when there are arguments among the couple, was later taken to hand. Clearing off all the present  objects and trying to focus on simple cures was the motto. All the existing feng shui cures were removed as they had already accumulated too much negativity. Painting of double happiness and feng shui symbols used here was refreshing a serene. The big chandelier also did not find the place in the bedroom and this was shifted to the living room where it was looking majestic and good. One wall was totally covered with a glass water fall as this was what the lady loved. This had to be removed and shifted to the living room as in feng shui we do not like to have water in any form in the bedroom.
The kitchen did have some visible negative elements in form of painting of   eagles  and other birds The couple   felt these eagle picture were for long vision and good progress where as in fact charging and raging eagles are not very good symbolic paintings, not for any room. Only a soaring eagle may be good for fame area but still I like to avoid any cures which may have double meanings. Here pleasant flowers painting and fruits artwork were placed.
The door bell was also replaced with musical one as also the clock that had loud sound on every hour, which the couple were not comfortable with as this always brought to their notice the passing of every hour in their relationship.
Then began the pleasant journey of the couple with true feng shui cures and their faith. They installed a small quiet corner in their living room where the couple sat for few minutes daily without having any conversation. This area was the south west of the living room. The bedroom was also given a special seat for two in the north east section for them to think and realize their self goals. This helped a lot as they got the time to understand each other without conversing and love which already existed between the couple bloomed once again. A pink rose quartz stone in their bedroom near their bed was also put up with intentions to spread love and harmony.
That’s it, they are living happily now, touch wood, and the lady is expecting soon. May God give them understanding and keep their love strong and may they live happily every after!
Life when kept simple is very good and pleasant and feng shui is all about being simple!

Equivalent Annual-Worth Comparisons

Engineering Economics Revision Article Series

With an annual worth method, all the receipts and disbursements occuring over a period of time due to an engineering alternative are converted to an equivalent uniform yearly payment. Such a calculation can give annual cost of various alternative engineering alternatives.

References

Engineering Economics, 4th Edition, James L. Riggs, David D. Bedworth, and Sabah U. Randhawa, McGraw Hill, New York, 1996


For more details

http://ise.tamu.edu/people/faculty/butenko/INEN303/chap6.pdf

Problems and Solutions on Equivalent Annual Worth



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The largest commercial center in Phu My Hung opens

VNRE - Today, Crescent Mall Commercial Center (Nguyen Van Linh Boulevard, District 7, HCMC) opens its doors to welcome visitors and shopping with over 100 booths.

The center was invested by Phu My Hung with investment funds about 2,310 billion VND. Retail area is larger than 45.000m 2, has six floors, including eight cinemas, a food court 1,000 seats, fashion shops, furniture shops, game - entertainment...

Crescent Mall is the largest commercial center in Phu My Hung. Shopping space inside is quite broad, beside the wide green lawn thousand square meters, creating a quiet space for families combine shopping, entertainment and leisure,... There is free bus services to take customer from District 1 to District 7, free parking, free entertainment for families at the weekend include: children choir, music, break dance, magic...

Previously, Phu My Hung has about 60,000 m2 for retail services, with two major commercial centers: Parkson Paragon (19.000 m2) and Thien Son Plaza (20,000 m2); three large supermarkets: Co.opMart, Citimart, Fivimart along with about 200 convenience stores, mini supermarkets, restaurants, food services, entertainments...

Time To Select Your New Year's Resolutions

Lose weight.  Exercise more.  Stop smoking.  Read more.  Shop less.  Volunteer.

Okay, so you're likely already working on selecting your New Year's resolution for your personal life. But, have you identified your New Year's resolution for your workplace life?

If not, and you want to be a more effective leader for your team at work in 2012, select one or more of these 70 New Year's resolutions for leaders:

1. Don't micromanage
2. Don't be a bottleneck
3. Focus on outcomes, not minutiae
4. Build trust with your colleagues before a crisis comes
5. Assess your company's strengths and weaknesses at all times
6. Conduct annual risk reviews
7. Be courageous, quick and fair
8. Talk more about values more than rules
9. Reward how a performance is achieved and not only the performance
10. Constantly challenge your team to do better
11. Celebrate your employees' successes, not your own
12. Err on the side of taking action
13. Communicate clearly and often
14. Be visible
15. Eliminate the cause of a mistake
16. View every problem as an opportunity to grow
17. Summarize group consensus after each decision point during a meeting
18. Praise when compliments are earned
19. Be decisive
20. Say "thank you" and sincerely mean it
21. Send written thank you notes
22. Listen carefully and don't multi-task while listening
23. Teach something new to your team
24. Show respect for all team members
25. Follow through when you promise to do something
26. Allow prudent autonomy
27. Respond to questions quickly and fully
28. Return e-mails and phone calls promptly
29. Give credit where credit is due
30. Take an interest in your employees and their personal milestone events
31. Mix praise with constructive feedback for how to make improvement
32. Learn the names of your team members even if your team numbers in the hundreds
33. Foster mutual commitment
34. Admit your mistakes
35. Remove nonperformers
36. Give feedback in a timely manner and make it individualized and specific
37. Hire to complement, not to duplicate
38. Volunteer within your community and allow your employees to volunteer
39. Promote excellent customer service both internally and externally
40. Show trust
41. Encourage peer coaching
42. Encourage individualism and welcome input
43. Share third-party compliments about your employees with your employees
44. Be willing to change your decisions
45. Be a good role model
46. Be humble
47. Explain each person's relevance
48. End every meeting with a follow-up To Do list
49. Explain the process and the reason for the decisions you make
50. Read leadership books to learn
51. Set clear goals and objectives
52. Reward the doers
53. Know yourself
54. Use job descriptions
55. Encourage personal growth and promote training, mentoring and external education
56. Share bad news, not only good news
57. Start meetings on time
58. Discipline in private
59. Seek guidance when you don't have the answer
60. Tailor your motivation techniques
61. Support mentoring - both informal and formal mentoring
62. Don't interrupt
63. Ask questions to clarify
64. Don't delay tough conversations
65. Have an open door policy
66. Dig deep within your organization for ideas on how to improve processes, policies and procedures
67. Do annual written performance appraisals
68. Insist on realism
69. Explain how a change will impact employees' feelings before, during and after the change is implemented
70. Have face-to-face interaction as often as possible

Vietnam real estate no longer an FDI magnet: report

VNRE - Foreign investment into Vietnam’s real estate sector totaled US$464.1 million in the 11 months of this year, a sharp fall compared to previous years.

Foreign investment into Vietnam’s real
estate sector has fallen sharply this year

The investment accounted for only 3.7 percent of new FDI pledges that Vietnam attracted during the period, recorded at $12.69 billion, down 16 percent from the same period last year, the Foreign Investment Agency said in a new report.

According to the agency, real estate had been the sector drawing in the largest FDI inflows for several years. In 2008, it attracted a record $23 billion from foreign investors. During the downturn last year, the sector continued to top the list with $6.84 billion.

But this year, it has fallen behind other sectors like manufacturing, electricty and construction, which had FDI pledges of between $1.1 billion and $6.2 billion in the first 11 months.

The trend is partly due to the ongoing market slump which has caused many developers to delay both existing and new projects, news website Thoi Bao Kinh Te Saigon cited industry insiders as saying.

Moreover, investors continue to stay cautious during the global economic crisis and the government’s credit squeeze makes it even more difficult for developers, they said.

Source: Thanh Nien News

The Lucky Number and the Unlucky Flat Number in Feng Shui

Flat numbers and house lanes numbers play an important role in the success of your career, family relationships and finance, especially your finance. Since your house should be clearly visible to get good opportunities and business openings it is also very important to be noticeable from outside for inviting good luck and good energy.  It is often seen that people with very tall trees covering their houses are living a life of unknown identity and also do not have many friends either in neighborhood or at work. They live a secluded life and even though they miss out on friends their situation does not change. Here feng shui can help to bring about a drastic and positive change in your situation.
First of all consider your main door that is chi or mouth of your home. Keep it clean and clutter free. Attractive items and healthy plants can be displayed as welcoming gesture. Avoid very tall plants that w ill cover your main door or flat number. Have a good designer feng shui name plate showing very clearly your house address, flat number and your name.
Now we know that there are certain lucky numbers as well as certain unlucky numbers in feng shui. What if you have an unlucky flat number say one or thirteen or some number which is not good feng shui number for your personally. Though you can change various aspects in feng shui it may not be possible to change your flat number unless of course, you choose a major decision of shifting your house. In such cases you can use si8mple feng shui cure by underlining your flat number with golden colour. You can also cure this problem by making a round circle to your flat number. This will improve the feng shui of your number and also remove the negative energy of this number.
Having a metal door knocker will improve strength of your main door and the knock of your door will bring luck into your house. This feng shui for numbers can also be applied to office numbers or shop numbers and also for the working category their table numbers. For your name plate in office use clear alphabets with clear spellings of your name and designation and this must be seen from far away also. If there are numbers involved do underline them for best results or make a circle around unlucky numbers to deflate their negative energy and make them powerful for you.
Another important feng shui tip to enhance main door feng shui of unlucky flat number is to have a bright light over your door and shine your name and flat number. This positive light energy will remove the negativity of your house number and also improve visibility of your flat.
Using feng shui for your main door will enhance relationships and bring welcoming positive energy which in turn will bring good business and great wealth towards your home.

List of Furniture Items and Placement Tips According to Feng Shui

In feng shui the most important aspect which I love is that it always goes with the flow and never against. Any feng shui cure which does not go with your nature and environment is not a good cure and will not show results. Hence very often I mention that please do not go in for very costly feng shui cures and major renovations of your home and offices for improving your luck.
In feng shui we follow the principles of the five elements and if the cycle is placed in the progressive form then you get very good results by right placements of your furniture. As fire leads to ashes or earth which in turn forms metal which using water brings new growth in form of wood which can be burned using fire to get earth. This way all the elements are balanced and placing your furniture considering these aspects will give you good results from using feng shui in your home or office. By understanding these principles it will be very easy for you to place your furniture correctly according to feng shui rules.
Let us now consider the selection of furniture to place in these particular areas. Usually any home consists of basic few items of furniture and though there is no limit to this list we can consider a few common examples and learn their right placement suggestions in feng shui. The living room consists of sofa set, center table, chairs and puffis , lounge or easy sofa, wardrobe, TV set, fish tanks and of course the list of knick knacks is endless. Let us consider first the sofa set and chairs and center table. Think right in the beginning  for purchasing these important furniture items about the element which you prefer. People are considered to be metal, wood, water, wind  and fire types so you can see your preferences. If you select a wooden sofa set and seating arrangement then it is best to place these items in the east and south section. If your seating arrangement furniture is of metal try to have it in the north and north west region, you will not only enhance the element of your house by increasing its chi but also have happy relationships with family and friends. You also will consider your decorative knick knacks and other fancy items according to their element make up. Example you can have a tall healthy plant in the south and east direction where as have a metal ship in the north and have chandelier in the south west.
TV and music systems go in the west wall as also computers and laptops. Telephones and mobiles are best placed in the north and north west directions. Whereas a fish tank can be placed in any direction of your living room where you need improved positive chi as long as it is kept clean.
Let us move to the other most important room that is kitchen. Here your fire element has to be strong. Place your gas stove in the south or east. Select dining table according to your space available. If you have place in south and east then have a wooden table whereas  you can also go in for a wrought iron and metal dining table for the west and north section. Though in feng shui we prefer to have a wooden dining table as this is considered auspicious and good for your health you can have any material table and even glass looks very elegant and creates a feeling of more space in a small kitchen. Your fridge and gas must never be in one line. Have your water sink and basin in the north to correspond the water element. Ovens and microwave can be kept in the  west position and avoid keeping your microwave on your fridge as two powerful energies are not good together and will heat up this area considerably. In fact in feng shui we prefer to have less of micro wave food and lead a healthy lifestyle with more fresh fruits and vegetables. Though this is the need of the hour and every home has an oven you can place it on solid wooden board or kitchen stone platform in the west as all these equipments are made of metal and west is the best area for metal objects.
Bedroom furniture consists of bed, wardrobe, side tables to name a few. Place these furniture according to your bets position for good results. Here you will not only consider the elements of your furniture but also consider your best sleeping position and luck position to get good relaxed sleep and energy.
Children’s bedroom is another very important room in feng shui. here I would like to mention few tips for those who have children as well as those who are trying to have baby. As you move into your new home do make space and room fort eh entry of new member in your family. If you have children give utmost importance to the west and north along with north west area of your child’s room. A happy and enthusiastic child will be seen only when they have comfortable furniture and right arrangement of the same. Same principles will apply here also according to the basic elements of your home and the material used for the furniture for children's room. Usually children have bed, wardrobe, study table, book shelf and play area. Very important to consider that these furniture items are safe and strong to bear the use of energetic children. Try to avoid any sharp edges in your child's furniture and place it according to feng shui in their room. Best placement of study table is north, north west, south and north east. Among all these the north east is best for improving education luck. Play area must be in the west to encourage creativity and do have a notice board or display board in the wets of your child's room to display their achievements and artwork.
Bathroom furniture includes all water elements and it is considered an area where you lose energy. Hence in feng shui we focus on keeping the drain and toilet door closed at all times. You can also keep the lid of your toilet seat always covered after use to avoid precious drain of finances. Many people have decorative items in bathroom but in feng shui we prefer to keep our toilets simple and only utility based. Though you can have a plant or mirror in your bathroom as a feng shui cure.
If you have a garden or lawn attached to your house also consider furniture for this according to feng shui. Have plants according the element that corresponds to an element of your house. Example if you have a south garden this is best and you can have to liberty to have many healthy plants and of any colour. But in case you have a garden in the north or north west it is advisable to have less plants and more of a rock garden to bring in education and self realization luck. Also select plants of different colour and avoid very tall plants in the north section of your home. Her your garden seat and table can be of wood or usually metal since this furniture has to bear heat and rains in every season. Select the material which you feel comfortable with and also which is tough for your feng shui garden. Have a pond or water feature in north and west and have wooden seating arrangement and table in south and east direction of your garden. Though the bets location for seating arrangement in your home garden is north west.
Part room or entertainment room is another important room that is seemingly becoming popular. In feng shui entertainment plays an important role in improving the energy of your home. As you feel happy and energized after having party and functions you can have furniture according to the elements of your house area. Usually music systems and other equipments are placed in the west and you can also have it in the n north as these area correspond to the metal element it is best to have entertainment room area of your home with furniture according to your tastes and needs. Party of friends will have informal furniture and a more informal seating arrangement where as senior people who love to party will have  more comfortable seating arrangements and tough furniture. Select furniture according to the element in feng shui.
Servants room furniture is of utmost importance as we all know the role of good domestic help in the  harmony and happiness of our life. Having servants room in the north west or east section is considered good. You need to have good cook and reliable domestic help so place utmost importance in your helpful friends area. You can have their bed and wardrobe or cupboard according to the direction of your house. If the servants room falls in the east have wooden furniture and if in the west of north have metal furniture.
All in all have knick knacks to balance the energy of each room and you can always use feng shui simple cures to fill in the missing parts of your home. Select simple cures and improve the feng shui of your home.

Feng Shui Cure Paintings of Angels for Heaven Luck

Luck favors those that keep the ball rolling. By this I mean luck and grace favor those people who are consistent and sincere in their efforts. By learning new skills and refurbishing, enhancing and upgrading your resume you start getting new opportunities in life and career. Sometimes though with all the efforts you put in there are no results proportionately seen? Why does this happen as we all know there is everything in abundance in the universe? Such things happen in our life due to karmic blocks of this or past karma.
Let us consider few cures for removing karmic blocks and inviting feng shui heaven luck on your side.
You can use a simple and easy feng shui cure of paintings of angels and fairies. Yes I know this may seem childish and many people will question this cure and say my house is not a fantasy island with pictures of fictional images. But it is true that paintings and pictures of fairies, angels, unicorns and of course various Gods and Goddesses all will bring you unexpected success and good luck. This feng shui cure will not only work on your personal problems but also bring in unexpected friends and help form unknown sources in your life. Suddenly you will feel the flow of energy in the right direction and also get good financial gains from known as well as unknown sources.
Where to display such paintings of fairies and angels is another important aspect of feng shui. Here we lay much importance on right placement and what may look good in one place may not necessarily give you the right results but if the element area according to feng shui principles is balanced than you sure will get very good results from feng shui simple cures. The right place to display such symbols and paintings is the north and North West direction.
Why north west and north? Well these directions favor heaven luck. Since the west corresponds to creativity and north direction favors career opportunities and business success it is well rational to place such heaven luck symbols in these directions. North west area corresponds to the area of helpful people and this is of utmost importance that you get very good and reliable friends in your life. Many times people struggle alone with their business and feel stuck up in career. Even though they may have an impressive resume and are hard working luck does not favor them. Here people and heaven help come in terms of friends who guide them and also support them with enthusiasm in their ventures. You feel you are guided with the right directions and advice time to time which leads you to the path of success both in professional as well as personal life.
Since we see many people struggling with their career graphs and feeling frustrated with their finances this cure is very essential and effective for every home.
Unexpected phone calls for career opportunities, rise and progress in present job position, new projects to work on, reliable advisory team and support system of good friends, entry of new people who offer new opportunities in your career are few of the effects you can see with the use of this feng shui cure.
By improving your relationship with your present boss and getting a substantial raise in salary there are many results you will notice from using feng shui cures to bring heaven luck on your side.