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Number of results: 10
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Abstract

The aim of the paper is to point out that the Monte Carlo simulation is an easy and flexible approach when it comes to forecasting risk of an asset portfolio. The case study presented in the paper illustrates the problem of forecasting risk arising from a portfolio of receivables denominated in different foreign currencies. Such a problem seems to be close to the real issue for enterprises offering products or services on several foreign markets. The changes in exchange rates are usually not normally distributed and, moreover, they are always interdependent. As shown in the paper, the Monte Carlo simulation allows for forecasting market risk under such circumstances.
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Abstract

This study presents cause-effect dependencies between inputs and outputs of business transitions that are software objects designed for processing information-decision state variables in integrated enterprise process control (EntPC) systems. Business transitions are elementary components of controlling units in enterprise processes that have been defined as self-controlling, generalized business processes, which may serve not only as business processes but also as business systems or their roles. Business events, which have zero durations by definition, are interpreted as executions of business actions that are main operations of business transitions. Any ordered set of business actions, performed in the controlling unit of a given enterprise process and attributed to the same discrete-time instant, is referred to as ‘the information-decision process’. The i-d processes may be substituted by managerial business processes, performed on the lower organizational level, where durations of activity executions are greater than zero, but discrete-time periods are considerably shorter. In such a case, procedures of business actions are performed by corresponding activities of managerial processes, but on the level of business transitions the durations of their executions are imperceptible, and many different business events may occur at the same discrete-time instant. It has been demonstrated in the paper how to control business actions to ensure that a given i-d state variable may not change more than once at a given instant. Furthermore, the rules of designing the i-d process structures, which prevent random changes of transitory states, have been presented.
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Abstract

The article deals with the subject of an important component of energy management, which is the performance of energy efficiency audits in companies. Using the case study analysis, the role of the energy audit was analyzed in the context of improvement of energy efficiency in selected production companies. The essence of legal requirements following from the implementation of the amended Energy Efficiency Act was presented. Specifically, problems and challenges, which refer to the method of implementation of the audit obligation in economic practice, were discussed. Furthermore, the issue of quality and usefulness (in the decision-making process) of prepared reports was raised. It was found that there were indications to claim that the obligatory energy audit of companies is not an instrument for the improvement of energy efficiency, which is always used optimally. The fault in this situation is partly attributable to the state, audit bodies and the company management. In this case, not only is the ineffective communication an issue here, but also the insufficient level of knowledge regarding energy management, as well as haste. The amendment of the Energy Efficiency Act (within just one year) imposed the necessity to conduct an energy audit on a specific group of companies. In principle, because all the entities, to which the obligation referred, had to take actions almost at the same time, numerous issues appeared. Some managers learned about the obligation to conduct the audit from companies who themselves had come out with a proposal to carry it out. This proves the lack of the proper information flow between the government administration authorities and the companies. Again, it turned out that practitioners did not keep pace with the implementation of actions, which were a consequence of numerous (and not always well thought-out) changes in the law. Haste in the fulfillment of the statutory obligation affected a high price spread of the bids sent during tenders, related to the performance of an energy audit. Bureaucratic regulations regarding tenders became another obstacle in the correct performance of the tasks. The entrepreneurs themselves, without clear guidelines on what to expect after the performed energy audit and what a report should look like, on many occasions, selected the “cheapest” bid – not always thinking too much about the qualitative consequences of such a decision. Some certifying bodies – taking advantage of an opportunity and the satisfactory combination of circumstances – offered unprofessional audit services of questionable quality. In the presented conditions, it is difficult to expect real, systemic and desirable results (economically, ecologically and socially) with regards to the energy efficiency both in the micro-, meso- and macr-economic scale. It is worth considering changes in the Energy Efficiency Act and spread the obligation to perform audits over different years according to clearly defined (in cooperation with business) criteria. If relevant actions are not taken, the situation of a temporary Eldorado on the market of energy audits will repeat in 4 years. Again, the consequence may be the poor quality and questionable usefulness of reports from energy audits of companies both at the business level and the ecological-political level. It is necessary to counteract all forms of unfair competition to interdisciplinary and specialist bodies which take actions to improve the energy efficiency of organisations. The creation of appropriate business conditions will have a positive impact on the improvement of energy efficiency. In this context, it is necessary to take actions, which enable the optimization of both the process of the implementation of obligatory legal regulations and voluntary (industry) norms and standards.
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Abstract

The paper shows methods of analysis and assessment of partnering relations of construction enterprises with the use of questionnaires, statistics, and fuzzy logic. The results were obtained from Polish, Slovak and Ukrainian enterprises. The definition of partnering in the construction industry indicates that it is a qualitative concept. By applying a scale in the questionnaire, and due to mathematical analysis of the data, the final research result, showing the level of partnering relations of construction enterprises, is rendered quantitatively.
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Abstract

Planning in a mining enterprise is a complex and multifaceted action. For this reason, it is necessary to provide its proper organisation and adjust it to the specific conditions of conducting underground mining extraction. The prepared plans must make up a cohesive internal system, unambiguously determining the manner, range and safety requirements of the conducted extraction. In the most general manner, the various types of plans developed by organisational units of mining enterprises can be divided based on the timeframe, type, scope and object of planning. These are strategic plans, tactical plans and subject-based plans. The aim of the article is to present the issue of production planning in a mining enterprise and for the preparation of such a plan, first and foremost, information about, among other things, applicable legal regulations, market conditions and the specificity of a mining enterprise are necessary. Underground extraction of black coal deposits must be conducted while respecting the rules of sustainable development which satisfies current needs, without compromising the ability to satisfy the needs of future generations. Due to the specific nature of mining production, manifested, among other things, by such features as the diversity of conditions for conducting the activity, resulting from the changing geological-mining conditions of the deposit, low flexibility of the production process, associated with the impossibility to conduct alternative production and a very long-lasting investment process, planning the course and magnitude of production in a mining enterprise must proceed with the highest possible diligence. One should take into account a wide range of presented environmental, organisational and technical conditions, deciding about the safety and correctness of the course of the assumed production activities. However, in order to make them economically feasible and produce satisfying results in that regard, it is also necessary to analyse them carefully with respect to financial outcomes
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Abstract

An original fuzzy team control model is presented in this article. The model is based on a non-traditional combination of classical and contemporary achievements of management and mathematical theories of fuzzy logic and fuzzy sets. In methodological terms, the article also offers a set of tools for measuring and evaluating both team performance and the effectiveness of the team control system in the organization. Fuzzy tools and techniques for decision-making, studying of hidden effects and joint influences, and quantification of evaluations are employed in this set of tools. The suggested fuzzy model contributes to overcoming theoretical deficits on the issues of team control, and the methodology of team control fills a gap in the toolkit of team management. The results from verification of the fuzzy team control model at a small-sized Bulgarian enterprise are also discussed in this article. They indicate that it is possible to develop a fuzzy model for team control, increasing the effectiveness of the team control system in the enterprise.
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Abstract

The paradox of enterprise management is the company must continually change in a dynamic and difficult-to-predict environment in order to achieve business continuity and profitability goals. The relatively low efficiency and awareness of the need for change at network organizations means the problems connecting with changes implementation, identification of conditions limiting their realizations and importance of final results are still significant. This article described this issue by the diagnosis of current state of the change management in various types of network organizations and showing how this state can be improved in the future. Assuming the organization will strive for conscious and organized change management.
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Abstract

At the early stage of information system analysis and design one of the challenge is to estimate total work effort needed, when only small number of analysis artifacts is available. As a solution we propose new method called SAMEE – Simple Adaptive Method for Effort Estimation. It is based on the idea of polynomial regression and uses selected UML artifacts like use cases, actors, domain classes and references between them. In this paper we describe implementation of this method in Enterprise Architect CASE tool and show simple example how to use it in real information system analysis.
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