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Member ID: 7

Saloni Arya


Profile: I am a graduate of finance from Coastal Carolina University, USA. My knowledge base spans Advanced Corporate Finance, Financial Decision Making , International Finance , Investment Analysis and Capital Budgeting. I have succesfully participated in two simulations: StocTrak Simulation and FinGame Simulation.The Stock Trak gives a real-world idea of managing a portfolio of your investments and "make money" with the investments. The FinGame gave me an insight into making feasible financial decisions to run a company and finally be able to project the value of the firm as a target for merger and acquisition. My interest in the world of genetics and biotechnology is evident from the following research projects and presentations that I undertook under Ashay's guidance.

Prof. Ashay Dharwadker's Courses (1):

Probability & StatisticsSpring 2003View

Projects (3)

Project ID: 28
Course: Probability and Statistics
Topic: Quality Control
Description: My main project in this subject pertains to Quality Control, its importance, its pioneer, related experiments, research, latest news, and application to industry.

The project comprises of two seminars

  • Control Charts
  • Deming's 14 points
I have written a brief descrption below but for more details, please contact me by email!

Project ID: 29
Course: Probability and Statistics
Topic: The Human Genome Project
Description: This is my most fascinating and captivating project. Although it concerns genetics, the way it was linked to Statistics is worth knowing about. We thank Sir for his guidance in this regard. Also look at my research notes for more information.

The goals of the Human Genome Project were

  • identify all the approximately 30,000 genes in human DNA,
  • determine the sequences of the 3 billion chemical base pairs that make up human DNA,
  • store this information in databases,
  • improve tools for data analysis,
  • transfer related technologies to the private sector, and
  • address the ethical, legal, and social issues (ELSI) that may arise from the project.

Reference: The Human Genome Project

Project ID: 52
Course: Advanced Corporate Finance
Topic: FinGame
Description: It gave me a hands on experience of making real world financial decisions for my fictitious company as the Financial Manager. The project was concluded with estimating the value of the company as a proposed merger.

Seminars (2)

Seminar ID: 28
Course: Probability and Statistics
Topic: Deming
Description: This is yet another part of the project undertaken by me and Ashish. Here we concentrated on Deming (the Father of Quality Control), his short biography and his famous 14-points:
  • 1."Create constancy of purpose towards improvement". Replace short-term reaction with long-term planning.
  • 2."Adopt the new philosophy". The implication is that management should actually adopt his philosophy, rather than merely expect the workforce to do so.
  • 3."Cease dependence on inspection". If variation is reduced, there is no need to inspect manufactured items for defects, because there won't be any.
  • 4."Move towards a single supplier for any one item." Multiple suppliers mean variation between feedstocks.
  • 5."Improve constantly and forever". Constantly strive to reduce variation.
  • 6."Institute training on the job". If people are inadequately trained, they will not all work the same way, and this will introduce variation.
  • 7."Institute leadership". Deming makes a distinction between leadership and mere supervision. The latter is quota- and target-based.
  • 8."Drive out fear". Deming sees management by fear as counter- productive in the long term, because it prevents workers from acting in the organisation's best interests.
  • 9."Break down barriers between departments". Another idea central to TQM is the concept of the 'internal customer', that each department serves not the management, but the other departments that use its outputs.
  • 10."Eliminate slogans". Another central TQM idea is that it's not people who make most mistakes - it's the process they are working within. Harassing the workforce without improving the processes they use is counter-productive.
  • 11."Eliminate management by objectives". Deming saw production targets as encouraging the delivery of poor-quality goods.
  • 12."Remove barriers to pride of workmanship". Many of the other problems outlined reduce worker satisfaction.
  • 13."Institute education and self-improvement".
  • 14."The transformation is everyone's job".
We stressed how they can be applied in real life and industry to improve quality control. We also demonstrated A RED BEAD experiment proposed by Deming for better understanding his principles.

Reference: The Deming Institute

Seminar ID: 29
Course: Probability and Statistics
Topic: Control Charts
Description: This was one of the seminars under our main project - Quality Control. I worked upon all the kinds of control charts, variations (common and special), structure of control charts, basic assumptions and gave the procedure behind the application of control charts, types of control charts and Pareto diagrams.

Research Notes (1)

Research Note ID: 23
Course: Probability and Statistics
Topic: Human Genome
Description: Our research on Human Genome consisted of :
  • Basics - what's the genome, DNA ?
  • DNA Sequencing and how it is done
  • Structure of DNA
  • Techniques of Deciphereing Genetic Code
  • A short sample of DNA (sequenced)

Last updated on Sunday, 12th June 2005, 03:45:52 PM.

Prof. Ashay Dharwadker