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Wiki Wiki Summary
Recycling Recycling is the process of converting waste materials into new materials and objects. The recovery of energy from waste materials is often included in this concept.
Diversity factor In the context of electricity, the diversity factor is the ratio of the sum of the individual non-coincident maximum loads of various subdivisions of the system to the maximum demand of the complete system.\n\n \n \n \n \n f\n \n Diversity\n \n \n =\n \n \n \n \n ∑\n \n i\n =\n 1\n \n \n n\n \n \n \n \n Individual peak load\n \n \n i\n \n \n \n \n \n ∑\n \n i\n =\n 1\n \n \n n\n \n \n \n Max\n \n (\n \n \n Aggregated load\n \n \n i\n \n \n )\n \n \n \n \n \n {\displaystyle f_{\text{Diversity}}={\frac {\sum \limits _{i=1}^{n}{\text{Individual peak load}}_{i}}{\sum \limits _{i=1}^{n}{\text{Max}}({\text{Aggregated load}}_{i})}}}\n The diversity factor is always greater than 1.
Gobelins Manufactory The Gobelins Manufactory (French: Manufacture des Gobelins) is a historic tapestry factory in Paris, France. It is located at 42 avenue des Gobelins, near Les Gobelins métro station in the 13th arrondissement of Paris.
Build-on-demand Build-on-demand or manufacturing on demand (MOD) refers to a manufacturing process where goods are produced only when or as they are required. This allows scalability and adjustable assemblies depending on the current needs of the part requestor or client.
Computer-aided manufacturing Computer-aided manufacturing (CAM) also known as computer-aided modeling or computer-aided machining is the use of software to control machine tools in the manufacturing of work pieces. This is not the only definition for CAM, but it is the most common; CAM may also refer to the use of a computer to assist in all operations of a manufacturing plant, including planning, management, transportation and storage.
Muteness Muteness or mutism (from Latin mutus 'silent') is defined as an absence of speech while conserving or maintaining the ability to hear the speech of others. Mutism is typically understood as a person's inability to speak, and commonly observed by their family members, caregivers, teachers, doctors or speech and language pathologists.
Inflation An infection is the invasion of an organism's body tissues by pathogens, their multiplication, and the reaction of host tissues to the infectious agents and the toxins they produce. An infectious disease, also known as a transmissible disease or communicable disease, is an illness resulting from an infection.
Price of oil The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus and Western Canadian Select (WCS). Oil prices are determined by global supply and demand, rather than any country's domestic production level.
Titanium alloy Titanium alloys are alloys that contain a mixture of titanium and other chemical elements. Such alloys have very high tensile strength and toughness (even at extreme temperatures).
Disparate impact Disparate impact in United States labor law refers to practices in employment, housing, and other areas that adversely affect one group of people of a protected characteristic more than another, even though rules applied by employers or landlords are formally neutral. Although the protected classes vary by statute, most federal civil rights laws protect based on race, color, religion, national origin, and sex as protected traits, and some laws include disability status and other traits as well.
Adverse effect An adverse effect is an undesired harmful effect resulting from a medication or other intervention, such as surgery. An adverse effect may be termed a "side effect", when judged to be secondary to a main or therapeutic effect.
D-8 Organization for Economic Cooperation The D-8 Organization for Economic Cooperation, also known as Developing-8, is an organisation for development co-operation among the following countries: Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. The objectives of D-8 Organization for Economic Cooperation are to improve member states' position in the global economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at international level, and improve standards of living.
Social media and the effects on American adolescents Facebook has a policy requiring its users to be age 13 or older. However, this policy is not enforced, as an estimated 7.5 million Facebook users are under the age of 13.
Operations management Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Operations research Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Taylor Hawkins Oliver Taylor Hawkins (February 17, 1972 – March 25, 2022) was an American musician, best known as the drummer of the rock band Foo Fighters, with whom he recorded nine studio albums between 1999 and 2021. Before joining the band in 1997, he was the touring drummer for Sass Jordan and for Alanis Morissette, as well as the drummer in the progressive experimental band Sylvia which later became widely known as ANYONE.\nIn 2004, Hawkins formed his own side project, Taylor Hawkins and the Coattail Riders, in which he played drums and sang, releasing three studio albums between 2006 and 2019.
Interrupt In digital computers, an interrupt (sometimes referred to as a trap) is a request for the processor to interrupt currently executing code (when permitted), so that the event can be processed in a timely manner. If the request is accepted, the processor will suspend its current activities, save its state, and execute a function called an interrupt handler (or an interrupt service routine, ISR) to deal with the event.
Cholecystitis Cholecystitis is inflammation of the gallbladder. Symptoms include right upper abdominal pain, pain in the right shoulder, nausea, vomiting, and occasionally fever.
Construction engineering Construction engineering is a professional discipline that deals with the designing, planning, construction and management of infrastructures such as roads, tunnels, bridges, airports, railroads, facilities, buildings, dams, utilities and other projects.\nCivil engineering is a related field that deals more with the practical aspects of projects.
Orascom Construction Orascom Construction PLC (OC) is an engineering, procurement and construction (EPC) contractor based in Cairo, Egypt. The company was Egypt's first multinational corporation and stands at the core of the Orascom Group companies.
Paris Agreement The Paris Agreement (French: Accord de Paris), often referred to as the Paris Accords or the Paris Climate Accords, is an international treaty on climate change, adopted in 2015. It covers climate change mitigation, adaptation, and finance.
TRIPS Agreement The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO). It establishes minimum standards for the regulation by national governments of different forms of intellectual property (IP) as applied to nationals of other WTO member nations.
Haavara Agreement The Haavara Agreement (Hebrew: הֶסְכֵּם הַעֲבָרָה‎ Translit.: heskem haavara Translated: "transfer agreement") was an agreement between Nazi Germany and Zionist German Jews signed on 25 August 1933. The agreement was finalized after three months of talks by the Zionist Federation of Germany, the Anglo-Palestine Bank (under the directive of the Jewish Agency) and the economic authorities of Nazi Germany.
Financial statement Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand.
Financial ratio A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
Ceramic A ceramic is any of the various hard, brittle, heat-resistant and corrosion-resistant materials made by shaping and then firing an inorganic, nonmetallic material, such as clay, at a high temperature. Common examples are earthenware, porcelain, and brick.
Connectionless communication Connectionless communication, often referred to as CL-mode communication, is a data transmission method used in packet switching networks in which each data unit is individually addressed and routed based on information carried in each unit, rather than in the setup information of a prearranged, fixed data channel as in connection-oriented communication.\nUnder connectionless communication between two network end points, a message can be sent from one end point to another without prior arrangement.
Publish–subscribe pattern In software architecture, publish–subscribe is a messaging pattern where senders of messages, called publishers, do not program the messages to be sent directly to specific receivers, called subscribers, but instead categorize published messages into classes without knowledge of which subscribers, if any, there may be. Similarly, subscribers express interest in one or more classes and only receive messages that are of interest, without knowledge of which publishers, if any, there are.
High availability High availability (HA) is a characteristic of a system which aims to ensure an agreed level of operational performance, usually uptime, for a higher than normal period.\nModernization has resulted in an increased reliance on these systems.
Availability factor The availability factor of a power plant is the amount of time that it is able to produce electricity over a certain period, divided by the amount of the time in the period. Occasions where only partial capacity is available may or may not be deducted.
Route availability Route Availability (RA) is the system by which the permanent way and supporting works (bridges, embankments, etc.) of the railway network of Great Britain are graded. All routes are allocated an RA number between 1 and 10.
Availability cascade An availability cascade is a self-reinforcing cycle that explains the development of certain kinds of collective beliefs. A novel idea or insight, usually one that seems to explain a complex process in a simple or straightforward manner, gains rapid currency in the popular discourse by its very simplicity and by its apparent insightfulness.
Available-to-promise Available-to-promise (ATP) is a business function that provides a response to customer order inquiries, based on resource availability.\n It generates available quantities of the requested product, and delivery due dates.
Holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself.
Executive Outcomes Executive Outcomes is a private military company (PMC) founded in South Africa in 1989 by Eeben Barlow, a former lieutenant-colonel of the South African Defence Force. It later became part of the South African-based holding company Strategic Resource Corporation.
T-Force T-Force was the operational arm of a joint US Army-British Army mission to secure designated German scientific and industrial technology targets before they could be destroyed by retreating enemy forces or looters during the final stages of World War II and its immediate aftermath. Key personnel were also to be seized, and targets of opportunity exploited when encountered.
Risk Factors
RTI INTERNATIONAL METALS INC Item 1A RISK FACTORS In addition to the factors discussed elsewhere in this report and in Management’s Discussion and Analysis, the following are some of the potential risk factors that could cause our actual results to differ materially from those projected in any forward-looking statements
You should carefully consider these factors, as well as the other information contained in this document, when evaluating your investment in our securities
The below list of important factors is not all-inclusive or necessarily in order of importance
The demand for our products and services may be adversely affected by demand for our customers’ products and services Our business is substantially derived from titanium mill products and fabricated metal parts, which are primarily used by our customers as components in the manufacture of their products
Our ability or inability to meet our financial expectations could be directly impacted by our customers’ abilities or inabilities to meet their own financial expectations
A downturn in demand for our customers’ products and services could occur for reasons beyond their control such as unforeseen spending constraints, competitive pressures, rising prices, the inability to contain costs, and other economic, environmental or political factors
A slowdown in demand by or complete loss of business from these customers could have a material impact on our economic situation
A substantial amount of revenue is derived from a single industry and a limited number of customers Approximately two-thirds of annual revenue is derived from the aerospace industry
Within that industry is a small number of consumers of titanium products
This industry has shown the potential of sudden and dramatic changes in forecasted spending which can negatively impact the needs for our products and services
Some of our customers are particularly sensitive to the level of government spending on defense-related products
Sudden reductions in defense spending could occur due to economic or political changes which could result in a downturn in demand of defense related titanium products
Some of our customers are dependent on the commercial airline 8 _________________________________________________________________ [65]Table of Contents industry which has shown in recent years to be a somewhat unreliable economic environment due to threats of terrorism, rising fuel costs, aggressive competition and other factors
Any one or combination of these factors could evolve suddenly and result in a reduction or cancellation in orders of new airplanes and parts which could have an adverse impact on our business
We may not be able to project or plan for the impact of these events that could have a negative impact on our results of operations and that could not be predicted by our customers or by us in a timely manner
We may be subject to competitive disadvantages The titanium metals industry is highly competitive on a worldwide basis
Our competitors are located primarily in the US, Japan, Russia, Europe and China
Not only do we face competition for a limited number of customers with other producers of titanium products but we also must compete with producers of other materials of construction
Our competitors could experience more favorable economic conditions than us such as raw materials costs, favorable labor agreements or other factors which could provide them with competitive advantages in their ability to provide goods and services
Our foreign competitors in particular may have the ability to offer goods and services to our customers at more favorable prices due to advantageous economic, environmental, political or other factors
Titanium competes with other materials of construction, including stainless steel, nickel-based high temperature, and corrosion resistant alloys, and composites
Changes in costs or other factors related to the production and supply of titanium mill products compared to costs or other factors related to the production and supply of other types of materials of construction may negatively impact our business and the industry as a whole
New, competitive forces unknown to us today could also emerge which could have an adverse impact on our financial performance
Our business could be harmed by strikes or work stoppages The hourly, clerical and technical employees at our Niles, Ohio facility are represented by The United Steelworkers of America
Our current labor agreement with the union expires January 31, 2010
We cannot assure you that we will be able to negotiate a new bargaining agreement in 2010 on the same or more favorable terms as the current agreement, or at all, without production interruptions caused by labor stoppage
If a strike or work stoppage were to occur in connection with negotiations of a new collective bargaining agreement, or as a result of a dispute under our collective bargaining agreement with the labor union, our business, financial condition and results of operations could be materially adversely affected
We may experience a lack of supply of raw materials at costs that provide us with acceptable margin levels The raw materials required for the production of titanium products are acquired from a number of domestic and foreign suppliers
Although we have long-term contracts in place for the procurement of certain amounts of raw material, we cannot guarantee that our suppliers can fulfill their contractual obligations
Our suppliers may be adversely impacted by events within or outside of their control that could not be projected and that may adversely affect our business operations
We cannot guarantee that we will be able to obtain adequate amounts of raw materials from other suppliers in the event that our primary suppliers are unable to our meet our needs
We may experience an increase in prices for raw materials which could have a negative impact on our profit margins and we may not be able to project the impact that an increase in costs may cause in a timely manner
We may be contractually obligated to supply our customers at price levels that do not result in our expected margins due to unanticipated increases in the costs of raw materials
We may experience dramatic increases in demand and we cannot guarantee that we will be able to obtain adequate levels of raw materials at prices that are within acceptable cost parameters in order to fulfill that demand
We may experience a shortage in the supply of energy or an increase in energy costs to operate our plants We own twenty-four natural gas wells which provide some but not all of the energy required by our operations
Because our operations are reliant on energy sources from outside suppliers, we may experience significant increases in electricity and natural gas prices, unavailability of electrical power, natural gas or other resources due to natural disasters, interruptions in energy supplies due to equipment failure or other causes, or the inability to extend energy supply contracts upon expiration on economical terms
9 _________________________________________________________________ [66]Table of Contents Our business is subject to the risks of international operations We operate subsidiaries and conduct business with suppliers and customers in foreign countries which expose us to risks associated with international business activities
We could be significantly impacted by those risks which include the potential for volatile economic and labor conditions, political instability, expropriation, and changes in taxes, tariffs and other regulatory costs
We are also exposed to and can be adversely affected by fluctuations in the exchange rate of the United States dollar against other foreign currencies
Although we are operating primarily in countries with relatively stable economic and political climates, there can be no assurance that our business will not be adversely affected by those risks inherent to international operations
We are dependent on services subject to price and availability fluctuations We depend on third parties to provide conversion services that may be critical to the manufacture of our products
Purchase prices and availability of these services are subject to volatility
We may be affected by our ability or inability to obtain credit Our ability to access the credit markets in the future to obtain additional financing, if needed, could be influenced by the Company’s ability to meet current covenant requirements associated with its existing credit agreement, its credit rating, or other factors
Our success depends largely on our ability to attract and retain key personnel Much of our future success depends on the continued service and availability of skilled personnel, including members of our executive team, management, metallurgists and staff positions
The loss of key personnel could adversely affect our Company’s ability to perform until suitable replacements are found
Recent accounting regulations requiring the expensing of stock options could impact the Company’s future ability to provide these incentives without incurring increased compensation costs
There can be no assurance that the Company will continue to successfully attract and retain key personnel
The demand for our products and services may be affected by factors outside of our control War, terrorism, natural disasters, and public health issues including pandemics whether in the US or abroad, have caused and could cause damage or disruption to international commerce by creating economic and political uncertainties that may have a negative impact on the global economy as a whole
Our business operations, as well as our suppliers’ and customers’ business operations, are subject to interruption by those factors as well as other events beyond our control such as governmental regulations, fire, power shortages, and others
Although it is impossible to predict the occurrences or consequences of any such events, these events could result in a decrease in demand for the Company’s products, make it difficult or impossible for the us to deliver products to our customers or to receive materials from our suppliers, and could create delays and inefficiencies in our supply chain
Our operating results and financial condition have been, and in the future may be, adversely affected by these events
Internal Controls Over Financial Reporting
Because of its inherent limitations, internal controls over financial reporting may not prevent or detect misstatements
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate