Business Mathematics 1

BUSINESS MATHEMATICS
Q- What will be your approach, if you are to calculate marginal revenue

of Indian Railways confronted with the demand function x=10-2p?
Solution) The demand function is: x
X=10-2p
X - 10p = -2p
x
2
10
2
= -p
After solving the equation we get

P=5-
x
2
For calculating marginal revenue first total revenue has to be calculated which is done by
calculating p with demand function i.e x
So
Total Revenue = px = (5 -
Total Revenue = 5x -
x
2
x
2 )x
*X
So after solving the equation the value for Total Revenue is 5x -
x
2
*X
Now we have to calculate Marginal Revenue which is find by derivating the equation so we get
Marginal Revenue =
d tr
dx
= 5-
2x
2
Marginal Revenue = 5-x

So after solving the equation the value for Marginal Revenue is 5-x
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Cryptography: Securing the Information Age Agenda Definitions Why cryptography is important? Types of
Secret Writing Available different techniques Secret key cryptography Public key cryptography Hash
function Why three encryption techniques Significance of key length Public Key Certificates and
Certificate Authorities
Cryptography Cryptography is usually referred to as "the study of secret", while nowadays is most
attached to the
definition of encryption. Encryption is the process of converting plain text "unhidden" to a cryptic text
"hidden" to secure it against data thieves
This process has another part where cryptic text needs to be decrypted on the other end to be
understood. Fig.1 shows the simple flow of commonly
used encryption algorithms. C ryptographic system is "a set of cryptographic algorithms together with the
key management processes that support use
of the algorithms in some application context." This definition defines the whole mechanism that provides
the necessary level of security comprised
of network protocols and data encryption algorithms.The first documented use of cryptography in writing
dates back to circa 1900 B.C. when an
Egyptian scribe used non-standard hieroglyphs in an inscription. Some experts argue that cryptography
appeared spontaneously sometime after writing
was invented, with applications ranging from diplomatic missives to war-time battle plans. It is no surprise,
then, that new forms of cryptography
came soon after the widespread development of computer communications. In data and
telecommunications, cryptography is necessary when communicating
over any untrusted medium, which includes just about any network, particularly the Internet. Within the
context of
communication, there are some specific security requirements, including: Authentication : The process of
proving one's identity. (The primary
of host-to-host authentication on the Internet today are name-based or address-based, both of which are
notoriously weak.) Privacy/confidentiality
Ensuring that no one can read the message except the intended receiver. Integrity : Assuring the receiver
that the received message
altered in any way from the original. Non-repudiation : A mechanism to prove that the sender really sent
this message. Cryptography, then,

protects data from theft or alteration, but can also be used for user authentication. There are, in general,
three types of cryptographic schemes
typically used to accomplish these goals: secret key (or symmetric) cryptography, public-key (or
asymmetric) cryptography, and hash functions, each
of which is described below. In all cases, the initial unencrypted data is referred to as plaintext . It is
encrypted into
in turn (usually) be decrypted into usable plaintext. Cryptography provides information Security for
Defending against external/internal hackers
Defending against industrial espionage Securing E-commerce Securing bank accounts/electronic
transfers Securing intellectual property Avoiding
liability Threats to Information Security Pervasiveness of email/networks Online storage of sensitive
information Insecure technologies (e.g
wireless) Trend towards paperless society Weak legal protection of email privacy Types of Secret Writing
Steganography Steganography comes from the
Greek word meaning covered writing. Dictionary.com defines steganography as the hiding of a message
within another so that the presence of the hidden
message is indiscernible . The key concept behind steganography is that the message to be transmitted
is not detectable to the casual eye.
people who the are not intended to be the recipients of the message should not even suspect that a
hidden message exists. The
steganography and cryptography is that in cryptography, one can tell that a message has been encrypted,
but he cannot decode the message without
knowing the proper key. In steganography, the message itself may not be difficult to decode, but most
people would not detect the presence of the
message. When combined, steganography and cryptography can provide two levels of security.
Computer programs exist which encrypt a
cryptography, and hide the encryption within an image using steganography. The three types of
algorithms: Secret Key Cryptography (SKC) :
single key for both encryption and decryption Public Key Cryptography (PKC): Uses one key for
encryption and another for decryption
Uses a mathematical transformation to irreversibly "encrypt" information Secret Key Cryptography With
secret key cryptography , a single key
for both encryption and de cryption.T he sender uses the key (or some set of rules) to encrypt the
plaintext and sends the ciphertext
receiver. The receiver applies the same key (or ruleset ) to decrypt the message and recover the
plaintext. Because a single key is used
functions, secret key cryptography is also called symmetricencryption . m = K S (K S (m)) With this form
of cryptography, it is
key must be known to both the sender and the receiver; that, in fact, is the secret. The biggest difficulty
with this approach, of course, is the
distribution of the key. Secret key cryptography schemes are generally categorized as being either stream
ciphers or
ciphers operate on a single bit (byte or computer word) at a time and implement some form of feedback
mechanism so that the key is constantly
changing. A block cipher is so-called because the scheme encrypts one block of data at a time using the
same key on each block. In general, the same
plaintext block will always encrypt to the same ciphertext when using the same key in a block cipher
whereas the same plaintext will
different ciphertext in a stream cipher. Stream ciphers come in several flavors but two are worth
mentioning here.
ciphers calculate each bit in the keystream as a function of the previous n bits in the keystream
the decryption process can stay synchronized with the encryption process merely by knowing how far into
the n -bit keystream it is.
error propagation; a garbled bit in transmission will result in n garbled bits at the receiving side.
Synchronous stream
keystream in a fashion independent of the message stream but by using the same keystream generation
function at sender and
ciphers do not propagate transmission errors, they are, by their nature, periodic so that the keystream will
eventually repeat. Block
operate in one of several modes; the following four are the most important: Electronic Codebook (ECB)
mode is the simplest,
application: the secret key is used to encrypt the plaintext block to form a ciphertext block. Two identical
plaintext blocks, then,
generate the same ciphertext block. Although this is the most common mode of block ciphers, it is
susceptible to a variety of brute-force
Cipher Block Chaining (CBC) mode adds a feedback mechanism to the encryption scheme. In CBC, the
plaintext is exclusively- ORed
previous ciphertext block prior to encryption. In this mode, two identical blocks of plaintext never encrypt
to the same
Feedback (CFB) mode is a block cipher implementation as a self-synchronizing stream cipher. CFB mode
allows data to be encrypted in units
than the block size, which might be useful in some applications such as encrypting interactive terminal
input. If we were using 1-byte CFB mode, for
example, each incoming character is placed into a shift register the same size as the block, encrypted,
and the block transmitted. At the receiving
side, the ciphertext is decrypted and the extra bits in the block (i.e., everything above and beyond the one
byte) are discarded.
OFB) mode is a block cipher implementation conceptually similar to a synchronous stream cipher. OFB
prevents the same plaintext
generating the same ciphertext block by using an internal feedback mechanism that is independent of
both the plaintext and
Secret key cryptography algorithms that are in use today include: DES : (Data Encryption Standard), was
the first encryption standard
recommended by NIST (National Institute of Standards and Technology). It is based on the IBM proposed
algorithm called Lucifer. DES became a standard
in 1974. Since that time, many attacks and methods recorded that exploit the weaknesses of DES, which
made it an insecure block cipher. 3DES:
enhancement of DES, the3DES (Triple DES) encryption standard was proposed. In this standard the
encryption method is similar to the one in original
DES but applied 3 times to increase the encryption level. But it is a known fact that 3DES is slower than
other block cipher methods.
Advanced Encryption Standard) , is the new encryption standard recommended by NIST to replace DES.
Rijndael (pronounced Rain
selected in 1997 after a competition to select the best encryption standard. Brute force attack is the only
effective attack known against it,
which the attacker tries to test all the characters combinations to unlock the encryption. Both AES and
DES are block ciphers. Blowfish: It is
of the most common public domain encryption algorithms provided by Bruce Schneier - one of the world's
leading cryptologists, and the
Counterpane Systems, a consulting firm specializing in cryptography and computer security. Blowfish is a
variable length key, 64-bit block cipher
The Blowfish algorithm was first introduced in 1993.This algorithm can be optimized in hardware
applications though it's mostly used in software
applications.

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BUSINESS MATHEMATICS

Q- What will be your approach, if you are to calculate marginal revenue

After solving the equation we get

So after solving the equation the value for Total Revenue is 5x -

Marginal Revenue = 5-x

Research Assignment Page

Total Plagiarism Threshold(%): 31%

Master Document Text

this message. Cryptography, then,

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