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Cost Plus: This model entails the service provider to be paid the actual costs, plus a predetermined profit percentage. This model allows very little flexibility when business objectives and technology change during the duration of the outsourcing contract. Neither does it provide any incentive for the service provider to perform more efficiently. Unit Pricing: This model assumes a predetermined rate established by the service provider for a particular level of service. The organization pays based on its usage. Fixed Pricing: In this model, a fixed price for the service is established for the duration of the contract. Some organizations prefer this approach, as they know exactly what the service provider s price will be, even in the future. The challenge with this approach is that the organization must adequately define the scope of the process and design effective metrics before signing the contract. If not, the impact will be the service provider claiming a particular service or service level that is beyond the scope of the contract, making the buyer liable for additional charges. Variable Pricing: This model involves the use of a fixed price at the low end of the service provider s service with variances based on higher service levels. The effectiveness of this model depends on specifically defining the scope of process and metrics.



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time records are legal documents in the sense that they can be subpoenaed by courts or government agencies and are retained as documentation for any audits for that payroll Therefore, a complete audit trail of all changes must be maintained If the payroll department is required to make a change to a time record, it must be documented as to when and why the change was made as well as who made it With an automated system, this would be automatically recorded by the password assigned to the payroll staff member and notations would be made on the edit reports If a paper time record is used, then the audit trail must be done manually If payroll is required to make a change on a signed and submitted time sheet, the staff member should never use white out or any type of method that obliterates the original number.





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Instead the incorrect number should be neatly lined through once, the new number inserted next to the old number, initialed to show who made the change, and a notation made as to why the correction was made This should be done even if there is only one person in the payroll department Noting why a correction is made is a critical step This allows anyone, including the payroll staff member who made the correction, to clearly see why the change was made if it should ever come up weeks, months, or years later, which can happen If the employee is requesting a bene t leave and does not have suf cient leave, the same system is used as described above to correct the time record to re ect the new hours to be paid.

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(d) Auditing Procedures after Processing After processing the time records it is a standard custom and certainly a best practice to audit (more commonly referred to as edit ) the time records that have been input A general edit is also done on other remaining input information during this time This edit ensures that what should have gone in, did go in nothing more and certainly nothing less Edit reports are critical to an ef cient time record process These edit reports are generally built right into the payroll system and should at least include:.

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As a general rule, the declaration of a global array is always made in the header file. Normally, memory for an array is allocated dynamically in the constructor, whereas its deletion is in the destructor. 2.3 FINDING THE ROOT OF A NONLINEAR EQUATION Methods based on iterations are very common in many numerical problems. The iterative method is an important step in numerical methods as it represents a set of repeated steps for the convergence of the problem to its solution, provided the solution exists. In a given problem, iterations represent an improvement and convergence to the solution based on the fact that its solution is bounded within a specified interval according to mathematical rules and properties. One advantage of the iterative methods is the small number of variables (hence, memory) used compared to the noniterative methods. This is well observed as the variables involved in iterations need not store their previous values after the iterations. One disadvantage of the iterative method, on the other hand, is the rate of convergence which could be slow depending on the problem. The rate of convergence is affected by factors such as the suitability of the initial value, size of the increment, and the stopping criteria used. One well-known problem that involves iterations is the problem of finding the root of a nonlinear equation. We first define a nonlinear equation. A linear equation is an equation with n variables that has the following form: a0x0 + a1x1 + . . . + anxn = 0 (2.1)

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