Homework 4

My topic for discussion is how long will it take for banks NOT to have pyhysical locations. The question was presented to the class for discussion and also to execute the Delphi method. The results ranged from 5-20 years to never. There are different ways to interpret the topic of discussion such as will there still be ATM machines when there are no banks. Or how many years until majority of transactions are processed online so to re-word my question I would ask. Will there ever be a time when there are not any banks to physically walk into do business?

Jeremy
Homework 4

Homework 6

Homework 6

1) http://www.newscientist.com/article/mg19225731.100

2) http://www.boeing.com/commercial/overview/index.html

3) http://www.prb.org/pdf06/NIA_FutureofLifeExpectancy.pdf

Discussion:

1) Imagine Earth without people is a magazine article written by Bob Holmes. In his 4 page article he discusses the damage humans are causing to the Earth. He then imagines if humans were no more and in a million years how “mother Earth” will wipe away the traces of a civilization. Mr. Holmes discuss shortly if humans will destroy themselves and his answer is yes.

2) This is the official site to the Boeing airplane. In the new airplane tab there will be a link which Boeing is introducing their new air taxi which is called the 787 Dreamliner. The new airplane can fly at speeds such as Mach 0.85, which the average jetliner flies at a cruising speed of 500 mph.

3) The Future of Human Life Expectancy Have Reached the ceiling or is the sky the limit? This PDF article is very interesting. It includes statistics from the Behavioral and Social Research (BSR) and the National Institute on Aging (NIA). In short the article illustrates the life expectancy from 1840-2000 and it has increased tremendously. The author says in the reduction of harmful products such as smoking and drinking and the increase of new technology of medicine. Life expectancy will continue to grow.

2. My topic is the destruction of physical bank locations. I feel that all the banks will be online in the future. In addition the TRIZ method in which the online banks could also add would be a "one stop shop". In which one could take care of all his/her needs, such as buying groceries or shopping. And the debits will automatically be posted to the account. (No more balancing your check book) That's just a little idea that could eventually branch off from the online banking sites.

Homework 2

Bank Account
Beginning Balance			$200
Year					Interest			Interest Earned			Ending Balance
2009					2%			$60.00
2010					2%			$60.00
2011					2%			$60.00
2012					2%			$60.00
2013					2%			$60.00
2014					2%			$60.00
2015					2%			$60.00
2016											420
	Every 7 years the interest doubles itself at 2%.

Homework 3

2) The Delphi method is a systematic interactive forecasting method which relies on a panel of independent experts. The process in class differs due to these reasons. First the class was not a panel of experts and also in the Delphi method from the encyclopedia the experts are encouraged to revise their earlier answers in light of replies of other members of their panel.

3) As far as shortcomings, the process could be altered due to the facilitator and the specification of the question. I think the question put up for discussion can't be broad because that would make it hard for the panel to answer.