Analysis Of GE, Clean Energy Group and Yingli Solar Energy Company Essay

Analysis Of GE, Clean Energy Group and Yingli Solar Energy Company Profiles - Essay Example A number of studies have been taken up to assess the actual achievability and practicability of the renewable resources of energy. Issues have been raised about the concerns on sustainability of the alternative energy resources. One of them is the requirement of a detailed analysis of the suitability of the diverse technologies and expertise in the sector and efficient utilization of the by-products, and managing of natural resources. This also consists of nature conservation issues, pollution control, demand supply of energy and the social acceptance by the society. The use and viability of this technology cannot be evaluated until it has been put to use on a large and long-term scale and assess the results in the social and environmental contexts. Moreover, the complex social systems may lead to uncertainty in the minds of the project planners which might be enhanced by the lack of flexibility of the technology system to meet the demands of the social, economic systems of the socie ty. However, all these concerns related to the development of the clean energy sector will not possibly hamper the continuing growth and production in the sector and the increasing importance of maintaining sustainability in the business sector. The renewable energy sector has continued to grow along with the climate change and control issues, high rise in the prices of oil, increasing international community support and encouraging energy regulation laws. Studying the various, environmental social technological and economic benefits arising from the sector, there are a number of them which can be counted upon. Sustainable clean energy business contributes to the environment with reduced carbon emissions, deceleration in the climate, reduced flood rate, improved air quality and landfilling prospects, (Scott, 2010). Among the economic benefits, the chances of job creation, manufacturing and research – development expertise, increased supply as compared to the existing levels, higher investment in the sector are some of them. Among the social issues that may be benefitted due to a long-term sustainable clean energy business are direct employment, retention of population in remote cities, increase in the skill and expertise of the remote population that gets employed and higher quality of life. Challenges to the Clean Energy Sector In this section, the challenges to the clean energy sector shall be studied. In spite of the fast growth of the renewable energy resources, there exist many challenges. Some of them are discussed below – Reliability?†¢ The most popular renewable sources of clean energy – wind and solar are variable in nature and cannot be a reliable round the clock resources.

The Cost Accounting System of Bagalot PLC Coursework

The Cost Accounting System of Bagalot PLC - Coursework Example On the overall analysis, it can be stated that the cost system in Bagalot PLC is not appropriate and it requires certain changes. To justify this, light can be thrown on the findings of the internal team, which is appointed to study the overhead costs in both the plants. The findings can be summarised and demonstrated as follows: The above outcomes signify the importance of the production and post-production related activities. If the overhead cost of a product is calculated based on the production-run direct labor, then the other activities will be surely ignored. It implies that the adopted mechanism for the cost calculation is not effective as it takes into account only the partial costs. Based on the above explanation, it can be recommended to the Bagalot management to bring certain transformation in the host system or to change the method of the cost estimation. In this note, the management can be proposed to adopt ‘Activity-Based Costing’ (ABC). In this case, one question can crop up that whether both the plants should adopt the technique or not. It is true that variations in the activities are less in the Bath plant, but the mechanism of estimating overhead expenses is similar. Therefore, it will be better if ABC method can be applied to both the plants. There are several activities in Bristol plant and few activities in Bath plant. The activities are ‘receiving and production control’, ‘packaging and shipping’, ‘plant management and facilities’ and most importantly ‘set up labor’. By implementing ABC method, the organization will be able to monitor each activity that has a contribution in direct overhead. It will result in effective cost structure as well as transparent mechanism. In the last part, cost of each product of Bagalot has been calculated according to the activity-based costing method. In this portion of the paper, the profitability of the Briefcases based on the new approach (ABC method) will be computed. A comparative analysis of the old and new methods can be presented in a tabular format to figure out the best approach.