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asset recovery Asset Recovery is a trade term used to describe the process of reselling equipment from a business in the process of going through bankruptcy or foreclosure. An asset recovery company will purchase the equipment at a discounted price and resell it for a profit, giving some, if not most, of the money back to the ailing company or creditors.
Asset recovery is a business process for optimizing the residual value of assets that are: 1) scheduled to become inactive, 2) underutilized or 3) already inactive. Effective Asset Recovery includes executable and sustainable management strategies throughout the Asset Life Cycle to dramatically improve business performance.
The Asset Life Cycle starts when a company identifies a need for an asset, then moves into the acquisition phase where the asset becomes tangible or real, then moves into the operational phase where the asset is used for its intended purpose. At the point in time when assets become surplus at their current facility/location the asset enters the Disposition Phase of the asset life cycle. Assets become surplus for a variety of reasons, including: evolving business requirements, corporate direction, obsolescence, underutilization or wear and tear.
There are several terms used to describe the Disposition phase of the asset life cycle, “Investment Recovery”, “Asset Management”, “Disposal Management” or “Asset Recovery”, but regardless of what you call it, the objective is to optimize the residual value of the surplus (unused or under-utilized) assets.
Application Service provider An application service provider is an ASP. ASP is a business that provides computer-based services to customers over a network. Software offered using an ASP model is also sometimes called On-demand software or software as a service (SaaS). The most limited sense of this business is that of providing access to a particular application program (such as customer relationship management) using a standard protocol such as HTTP. The need for ASPs has evolved from the increasing costs of specialized software that have far exceeded the price range of small to medium sized businesses. As well, the growing complexities of software have led to huge costs in distributing the software to end-users. Through ASPs, the complexities and costs of such software can be cut down. In addition, the issues of upgrading have been eliminated from the end-firm by placing the onus on the ASP to maintain up-to-date services, 24 x 7 technical support, physical and electronic security and in-built support for business continuity and flexible working.
asset recovery Asset Recovery is a trade term used to describe the process of reselling equipment from a business in the process of going through bankruptcy or foreclosure. An asset recovery company will purchase the equipment at a discounted price and resell it for a profit, giving some, if not most, of the money back to the ailing company or creditors. Asset recovery is a business process for optimizing the residual value of assets that are: 1) scheduled to become inactive, 2) underutilized or 3) already inactive. Effective Asset Recovery includes executable and sustainable management strategies throughout the Asset Life Cycle to dramatically improve business performance. The Asset Life Cycle starts when a company identifies a need for an asset, then moves into the acquisition phase where the asset becomes tangible or real, then moves into the operational phase where the asset is used for its intended purpose. At the point in time when assets become surplus at their current facility/location the asset enters the Disposition Phase of the asset life cycle. Assets become surplus for a variety of reasons, including: evolving business requirements, corporate direction, obsolescence, underutilization or wear and tear. There are several terms used to describe the Disposition phase of the asset life cycle, “Investment Recovery”, “Asset Management”, “Disposal Management” or “Asset Recovery”, but regardless of what you call it, the objective is to optimize the residual value of the surplus (unused or under-utilized) assets.
Auction sniping Auction sniping is the process of watching a timed online auction (such as on eBay), and placing a winning bid at the last possible moment (often seconds before the end of the auction), giving the other bidders no time to outbid the sniper. Some bidders do this manually, and others use software designed for the purpose. A bid sniper is a person or software agent who performs auction sniping. There are also online sniping services, where the software agent is run from a website rather than the sniper's own computer. This decreases the failure rate of the snipe, because the website is expected to have more reliable servers that might be quicker to react. Experienced bidders of online auctions with fixed ending times often prefer entering bids late in the auction to avoid bidding wars (multiple rounds of bidders each increasing their maximum bid to temporarily regain "current highest bid" status) or bid chasing (where the presence of an existing bid encourages others to bid on the same item). Economic analysis of sniping (Roth and Ockenfels, 2000[2]) suggests that it is a rational gain-maximizing (i.e., price-minimizing) strategy for bidders in auctions which fulfill two criteria: 1) the end time is rigidly fixed (such as those on eBay), and 2) it is possible to gain additional information about the "true" value of the item by inspecting previous bids. For example, a novice antiques buyer may prefer to bid in auctions which already have bids placed by more experienced antiques buyers, on the grounds that the items which the experienced buyers are interested in are more likely to be valuable. In this case, more informed buyers may delay bidding until the last minutes of the auction to avoid creating competition for their bids, leading to a lower winning bid. Analysis of actual winning bids on eBay (Yang and Kahng, 2006[3]) suggests that winning bidders are more likely to have placed a single bid late in the auction, rather than placing multiple incremental bids as the auction progresses. When bidders decide to use non-manual sniping, they lay their trust to either sniping software, or to an online sniping service, and provide them with their eBay username and password. To many bidders, this is a deterrent to using automated sniping services at all. Furthermore, unlike eBay, which transmits passwords from the bidder's browser in a secure manner, some online sniping services do not use a secure connection to transmit the eBay username and password from the bidder's browser to their servers. This effectively degrades the protection provided by eBay. It is, therefore, advisable to make sure that a sniping service supports SSL before using it. As a preventive measure, non-frequent shoppers could change their eBay password before using sniping software and then change it once again after the bidding ended. This would limit the risk for the account by the time when temporary password is used.
auction An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange. There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a commission to the auctioneer or auction company based on a percentage of the final sale price.
Automatic test equipment Automatic test equipment is any automated device that is used to quickly test printed circuit boards, integrated circuits, or any other related electronic components or modules. For some Automatic test equipment is ATE. Automatic test equipment devices are essentially always controlled by computers. In the past, custom-designed controllers or even relay controls were used to control ATE An Automatic test equipment system can be simple as or complex ATE as a system containing dozens of complex test instruments capable of automatically testing and diagnosing faults in complex electronic systems, such as very sophisticated flying-probe testers. Automatic test equipment systems are used to test a wide range of electronic devices and systems, from simple components (resistors, capacitors, and inductors) to integrated circuits (ICs), printed circuit boards (PCBs), and complex, completely-assembled electronic systems. Automatic test equipment is widely used in the electronic manufacturing industry to test electronics components and systems after they are fabricated. ATE is also used to test avionics systems on commercial and military aircraft. ATE systems are also used to test the electronic modules in today’s automobiles. Automatic test equipment systems typically interface with an automated placement tool, called a Handler, that physically places the Device Under Test so that it can be measured by the equipment. Over the past four decades, ATE has grown from specialized systems for electronics test applications to a wide range of applications in all facets of the electronics industry. Many ATE platforms used in the semiconductor industry output data using Standard Test Data Format.
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