Please answer in short : a] Explain why there is likely to be an external effect associated with the decision made by the state environment department about the timing of controlled burns? (A controlled burn is where bushland is set fire to, in order to reduce the size of any unintended fire that might occur in that area.) b] What does the existence of the external effect imply about the timing of the controlled burns compared to the socially optimal timing? c] What do you think would be the most effective policy solution to ensure socially optimal timing of the controlled burn?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Wine growers reeling from the coronavirus pandemic have slammed the state environment department over the timing of controlled burns in the Macedon ranges that they fear will damage their harvest. A last-minute attempt by lawyers to stop the first of three burns failed yesterday, with the blaze sending ripples of panic through vineyards where grapes are in the last stages of ripening and particularly vulnerable to smoke taint. Wine growers have been pleading with state authorities to halt the burn for a few weeks until their crops have been harvested. ‘With grape harvest looming, controlled burns have Macedon winemakers fuming’ by Henrietta Cook
Please answer in short :
a] Explain why there is likely to be an external effect associated with the decision made by the state environment department about the timing of controlled burns? (A controlled burn is where bushland is set fire to, in order to reduce the size of any unintended fire that might occur in that area.)
b] What does the existence of the external effect imply about the timing of the controlled burns compared to the socially optimal timing?
c] What do you think would be the most effective policy solution to ensure socially optimal timing of the controlled burn?
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