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The Dynamic Effect of Trade Openness, Debt, and Foreign Investment in Ghana’s Economy: An ARDL Bound Testing Approach
94-112Views:177The impact of macroeconomic factors offers insight into the performance of an economy. This study investigates the dynamic short- and long-term effect of trade openness, external debt, and foreign direct investment (FDI) within Ghana's economy. Utilizing Autoregressive Distributed Lag (ARDL) bound testing and Granger causality analysis, the study examines data spanning from 1991 to 2022. The results of the ARDL cointegration test reveal a long-term relationship among the variables. However, in the short term, the findings present a mixed effect of FDI and trade openness, with both positive and negative impacts. In the long run, FDI and external debt exhibit a positive influence, whereas trade openness appears to impede economic growth. Furthermore, the Granger causality test identifies a unidirectional causality relationship between the variables and economic growth. The study suggests that the government implement investment-oriented and trade policies to stimulate economic growth.
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Battery Measurement Methods and Artificial Intelligence Applied in Energy Management Systems
428-436Views:154Diagnostics of batteries using advanced methods have gained remarkable roles in the past few years. This study focuses on the type of measurements, tests and methods to reveal and classify them. During manufacturing and operation several faults could emerge in batteries including non-optimal operation conditions, operators without experience, and finally, random changes in batteries under physical and nonphysical conditions. Improper handling of batteries and battery cells man cause operation failures or, in the worst case, accidents. To reveal these problems several methods are applied in industry and in scientific laboratories. For a comprehensive analysis of battery management, artificial intelligence and Industry 4.0 methods can be used very effectively. Big Data analysis in its standard form is not a new achievement, but other mathematical tools could be applied to control monitoring such as Fuzzy Logic or Support Vector Machine (SVM). They are efficient tools to analyse the deviation of batteries condition because it can detect sudden changes, parameter deviations and anomalies, and the user’s behaviour and habits. This article gives a description about the most important battery testing methods and the connection between Big Data and Operation Management with Artificial Intelligent (AI) methods.
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Employment Challenges in the Second Wave of the COVID-19 Virus from a Corporate Perspective
152-163Views:649The changed market conditions caused by the Covid-19 virus forced companies to rethink their strategy and structure and to optimize their processes. The aim of my research is to shed light on the changes in the second wave of the coronavirus epidemic that have had a significant impact on the operation of businesses and presented them with significant challenges. For the study, I used the results of a previous questionnaire survey (Pirohov-Tóth 2020; Pirohov-Tóth, Kiss 2021), which were supplemented with a literature analysis and statistical data from the database of the Central Statistical Office. Furthermore, compared to the first wave of the virus, I examined how job productivity changed in the second wave of the virus. Finally, corporate crisis management options have been presented in my analysis, the practical application of which can contribute to re-emerging from the crisis. It can be stated that the acceleration of digitization and the widespread expansion of advanced technological tools and methods can be considered as one of the biggest positives of the viral situation, which can also mean survival for companies in this pandemic situation.
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The Use of Additive Manufacturing for Wind Tunnel Simulations
62-71Views:154The current economical situation requires aircraft operators to start organizing their activity in the direction of carbon neutrality using innovative solutions.
The goal of present study is to desing a brand new wingtip device using 3D printing which helps reducing aerodynamical drag, leading to fuel efficiency and less carbon emission with its innovative shape.
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A Literature Review: Artificial Intelligence Impact on the Recruitment Process
108-119Views:13669This paper aim is to review the implementation of artificial intelligence (AI) in the Human Resources Management (HRM) recruitment processes. A systematic review was adopted in which academic papers, magazine articles as well as high rated websites with related fields were checked. The findings of this study should contribute to the general understanding of the impact of AI on the HRM recruitment process. It was impossible to track and cover all topics related to the subject. However, the research methodology used seems to be reasonable and acceptable as it covers a good number of articles which are related to the core subject area. The results and findings were almost clear that using AI is advantages in the area of recruitment as technology can serve best in this area. Moreover, time, efforts, and boring daily tasks are transformed to be computerized which makes a good space for humans to focus on more important subjects related to boosting performance and development. Acquiring automation and cognitive insights as well as cognitive engagement in the recruitment process would make it possible for systems to work similarly to the human brain in terms of data analysis and the ability to build an effective systematic engagement to process the data in an unbiased, efficient and fast way.
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Analysis of the Policy Background of Transport Related Use of Renewable Energy
124-129Views:111The EU energy policy prioritizes the following principles: sustainability, competitiveness and security of supply and addresses the reduction of greenhouse gas emissions as a priority. The related EU policy (including the White Paper on Transport) outlines these principles, identifies goals and opportunities for action. At company level methodological guidelines and standard procedures can be used to assess the carbon footprint of the organization, to generate efficiency goals and to prepare action plans. In the Hungarian policy framework, a comprehensive National Sustainable Development Framework Strategy defines the basic principles for the analysis of the sectorspecific or regional strategies. Sustainable Energy Action and Climate Plans (SECAPs) integrate energy and climate issues and include interventions and improvements for the better use of renewable energy sources in transport at municipal level. As a summary it can be stated that exploration of the policy background would needed to influence the use of renewable energy sources for transport and definition of the development goals can help economic organizations to transform their mobility patterns and reduce related carbon footprint.
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Do Talent Management Practices Affect Organizational Culture?
495-506Views:553The purpose of this paper is to enhance the readers' understanding of the domain of talent management and organisational culture and how talent management becomes one of the important strategic tools to improve the work environment, specifically as a tool for enhancing the organizational culture. The paper also attempts to probe and aid readers in understanding to what extent talent management affects the organizational culture. This paper is based on secondary research and articles in the areas of talent management, organizational culture and the relationship between them. The author has reviewed the existing body of work on these topics to arrive at the analysis of the relationship between talent management and organizational culture. As well as measuring its impact on the whole organization by reviewing the existing literature.
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Investigating the Effects of Active Cooling in 3D Printing
39-47Views:1423D printing is an increasingly widespread manufacturing process. With the development of machines and materials, the technology is becoming more accessible and easier to use. However, the technology's specificities mean that it requires knowledge of manufacturing technology. In some cases, it is necessary to solidify the freshly deposited layers as soon as possible in the event of large overhangs. This can be achieved by active cooling, which in turn can affect the material properties of the part. This research investigates the effects of active cooling during production.
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Thermoelastic Problems of Multilayered Spherical Pressure Vessels Subjected to Axisymmetric Loading
106-115Views:134This paper deals with the linear thermoelastic analysis of functionally graded multilayered spherical bodies subjected to constant mechanical and thermal loading. The temperature field is arbitrary function of the radial coordinate, the material properties and the radial body force vary according to power law functions along the radius of the sphere. An analytical method is presented to calculate the displacements and stresses within the multilayered spherical body. The method is expanded to tackle the problem of spherical bodies made from radially graded materials with temperature dependent material properties. The results are compared to finite element simulations and other methods.
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Changeable requirements & Answers With a dynamic system in order to continual improvement of the environmental performance of a rubber industrial big company
81-90Views:129The topic of this article is the analysis of the changeable environmental requirements for the Environmental Management Systems (EMS) of the companies. The strengthened environmental criteria of the 21st century creates new challenges for the participants of the business sphere. In order to satisfy the criteria of the stakeholders, it is necessary to build out a - by the top management - preferred and proactive EMS that can contain also a life cycle thinking method. This logic is supported by the new ISO14001:2015 standard, too. In the first part of the article the stakeholder conception and the new standard model is presented based on literature analysis. The second part of the article presents an environmental management tool developed by a multinational, tyre company. The model combines the stakeholder conception, the requirements and the life cycle assessment (LCA) in order to respond to the new environmental management challenges. The last part of the article closes with the new development possibilities of the presented environmental management tool worked out by the author.
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Analysis of Henbuk Startup Value Using a Scorecard Assessment Method
1-12Views:209This study aims to determine the valuation value of Henbuk's startup by conducting qualitative and quantitative analyses. Henbuk is a startup engaged in e-commerce. The Henbuk startup is currently in the initial funding stage, and the founders are opening opportunities for investors, which can later support operational and development activities. In obtaining funding from investors, the Henbuk startup requires an initial assessment of the company's value. The score assessment consists of several indicators, e.g., quality of the founder and team, opportunity size, product and technology, competition, marketing, sales and partnerships, and the need for additional investment. The results of the value assessment are obtained by using the Scorecard Assessment Method. The results of this study may help to determine the real value of other start-ups for the investors in the future.
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Investigation of the Eigenfrequency of the Bending Vibration of the Beam Clamped at Both Ends Around the Principle Directions of Inertia Based on a Single-Degree Freedom Model and a Finite Element Method Analysis
69-79Views:215In this study, we have dealt with the calculation methods of the eigenfrequencies associated with the bending vibrations of rectangular-shaped beams clamped at both ends. Said eigenfrequencies were determined analytically in the single-degree of freedom model of the beam and the case of the three-dimensional solid and three-dimensional rod models by finite element modal vibration analysis. We presented the calculation method of the characteristics of the analytical model and then calculated the eigenfrequency for a concrete example. We have described the concept of modal characteristics, and in the following, we have determined its natural frequency based on the solid-beam and rod models of the former beam. We calculated and compared the solutions belonging to the models recorded in different ways in 11 additional cases of the presented methods.
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Knowledge of Control Methods and their Application in the Practice of Small and Medium Enterprises in the Northern Great Plain Region
441-452Views:401Like large companies, the small, and medium-sized businesses need also all the information to ensure the efficiency and effectiveness of their business by making sound management decisions. Compared to large companies, SMEs have significant development potential, which can be created in part by the companies themselves, possibly through the introduction of new-modern management - business administration methods or economic policy measures (= targeted and efficient support system), which, by stimulating R & D & I processes, serves to increase competitiveness and contribute more and proportionally to domestic GDP and exports. The analysis presented in the study covers the controlling knowledge of the leading SMEs of the Northern Great Plain Region, the conscious or unconscious application of controlling tools, the assessment of succession, customer and supplier valuation and certain areas of managerial accounting. Overall, it can be concluded from the small sample size that the use of controlling tools is proportional to the size of the business, but nevertheless, many mid-size business executives do not require the collection and analysis of insider information that could explicitly help decision making for example through advanced costing procedures.
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Introduction to Design and Analysis of Torsional Vibration Dampers in Vehicle Industry
310-324Views:343The crankshaft of today’s internal combustion engines with high performance output are exposed to harmful torsional oscillations originated from the unbalanced gas and inertial forces. To avoid the fatigue damage of engine components, caused by the undesired vibrations, torsional vibration dampers can be applied. Viscodampers are one type of the torsional vibration dampers, which operational fluid is silicone oil. For cost-effective R&D activities and production, finite element and finite volume numerical discretization methods based calculation techniques must be involved into the engineering work supported by the modern computer technology. The aim of this paper is to provide an insight into the multidisciplinary design and development process of visco-dampers in vehicle industry applications. Four different examples as structural, fatigue, CFD analyses and structural optimization have been introduced in the present work. It turned out from the static structural and fatigue analyses, that the investigated damper has safety factor over the limit for both static structural and fatigue analyses, so it is suitable for the given load conditions. In the structural optimization process 34.36% mass reduction has been achieved. According to the coupled fluid dynamic and heat transfer simulations a rather stagnating air zone evolved between the engine and the damper during the operation, which can cause efficiency reduction of cooling fins mounted onto the housing. In light of the numerical results, the suitable damper position has been determined for the highest heat transfer.
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Microbiological and Chemical Investigation of Drinking Water Samples on the Operational Area of Pannon Víz Zrt.
151-160Views:232In our research the potable water quality was monitored between 1 January 2015 and 31 October 2017 in the operational area of Pannon-Víz Zrt. The connection between temperature, microbiological load and chemical parameters were investigated. After evaluating data, the following results have been identified. The seasonal changes of the microbiologically positive samples are determined by the contamination caused by Escherichia coli, Enterococci and Pseudomonas aeruginosa. The coliform group and the 22°C and 37°C colony-form units showed no seasonal dynamics. The analysed chemical parameters were below the limit during the examined period. Based on the correlation analysis, there is no correlation between chemical and microbiological parameters.
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Analysis of labor consumption in Hungary in the last 5 years
127-137Views:174The main idea of my research was the statement of the President of the Hungarian Fruit and Vegetable Interprofessional Organization and Product Council (Ferenc Apáti), according to which the main obstacle to the future development of horticulture and the development plans of horticultural enterprises is capital shortfall factors). The employment of seasonal workers in the production of grapes and fruit and in horticultural farms is of the greatest importance. As a result, in my research, I examined the use of labor by those working in agriculture over the past 5 years. I reviewed how the coronavirus has affected the time spent by seasonal workers at work in the recent past. Since there are a lot of work phases in agriculture where there is a temporary use of labor, I considered it important to get around this topic better. As seasonal agricultural workers are often able to reach their agricultural jobs through travel and border crossings, government regulations (travel restrictions, border closures) have made it more difficult for these people to access jobs.
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Fémhabstruktúrák elemzése és geometriai modellezése
145-152Views:145The development of an efficient procedure for 3D modelling and finite element simulation of metal foams is one of the greatest challenges to engineer researchers nowadays. Creating 3D CAD model is alone a demanding engineering task due to its extremely complex geometry, and the proper finite element analysis process is still in the center of the research. The aim of this project is to analyze the related literature and to adapt the results may be considered
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Analysis of Conceptual Solutions of Universal Helical Geared Reducers
64-72Views:154Geared reducers are mechanisms designed to reduce the number of revolutions using geared elements and nowadays they present one of the most commonly used types of mechanical transmissions in mechanical engineering. Due to the different shapes of geared elements, there are different types of geared transmissions: helical, bevel, worm, special and combined transmissions. This paper analyses only helical geared transmissions, since there is a great extent of whole this matter. Helical transmissions are analysed only with external helical gearing, since internal geared pairs represent a special and very large group of gears. Within the external helical geared transmissions, only torque transmissions are analysed, while the transmissions of motion are not analysed and they represent another large group of transmissions. Only universal gear reducers with axial, or almost-axial, parallel shafts are considered (two-stage and three-stage transmissions). Although, single-stage gear reducer produced with parallel shafts are not considered by the paper in order to reduce the area of researching. Gear reducers are most commonly delivered to customer with electric motor, known as motor geared reducer, and they are studied here extensively. Gear reducer can be also delivered without motor, only with input shaft. The basic aim of this paper is to present all characteristics and specificities of motor geared reducer in one place.
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Accuracy Analysis of Two Parallel Manipulators
38-45Views:95The aim of the study is to analyse and visualize the accuracy of two parallel manipulators. The kinematics are calculated using vectors and the Newton method. The accuracy is calculated based on the actuator errors, visualization is done with color shading. Calculations was done using MATLAB
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Macroeconomic Analysis of Expenditures on Education as Human Capital Investments
520-530Views:143The importance of actions on adaptation to economic change associated with the knowledge-based economy has continuously grown both regional and national level. Individuals' flexibly adjust and the knowledge acquired in all forms of education is very important factors in the evolving knowledge-based economies. We examine the fiscal and private expenditures on education among OECD countries between 2005 and 2013, and we analyse the development of education expenditures with particular attention to Hungary.
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Comparative Analysis of Collaborative Robots
1-16Views:186In our study, we provided a comparison of four robot arms used in industry to determine the most suitable model to adopt in university education. We investigated robot arms from the following manufacturers: ABB, Kuka, Universal Robots, and Techman Robot. The multi-criteria system was grounded on the important factor and experience. Following this, each aspect was ranked using the Analytical Hierarchy Process (AHP) method. In addition, the order among the four alternatives was established by using the Kesselring method. The present study describes a selection method for industrial robots in the academic area.
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Comparative Analysis of the Notes on the Accounts Of Information-Technology Servicing Companies in Hungary
186-194Views:242In the globalized and accelerated world of our time, challenges can only be met by companies that possess the necessary information and are able to convert it rapidly into organizational knowledge. Annual accounting statements are an important source of information within business relations among companies. The necessary information can only be obtained from the two fundamental parts of the annual statements (balance sheet and profit and loss account) if the notes on the account contains the information that contribute to the more comprehensive interpretation of the other parts of the annual statement. Decision-making based on inadequate knowledge further increases economic risks that are already high. In our research, we examine whether the notes on the accounts of companies include the information, which could help obtain necessary financial knowledge concerning the partner companies. For the analyses, we used the notes on the accounts of companies, which have information-technology services (Hungarian NACE No. 62) as their main line of business. By means of text mining, we analyse the extent to which the notes on the accounts are in conformity with the Accounting Act.
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Security Analysis of a „Location-stamping” Protocol for GPS Coordinates
1-12Views:159Due to the rapid growth of GNSS based techniques in everyday life a service which can provide certified location information given by GPS coordinates became a worth considering idea. We designed two protocols that can achieve this goal, these can provide authenticate location and time information for any device which has a GPS receiver. In this article, I would like to prove -with the help of ProVerif software tool-, the latter statement. I investigated the authenticity and data integrity properties of the protocol.
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The Operating and Financing Environmental of Local Public Transport
190-196Views:183In Hungary the financing of the local public transportation is becoming a great obligation for the public service providers. The institutional framework of the national segment is in line with the european standards, nevertheless based on the analysis of the revenues it is clear to see that the core problem is to be found in the hungarian compensation system. The free and reduced rate fares originating from the social fare subvention system need to be reviewed and the realistic adjustment of the price compensation is evitable, due to the fact that the volume of the state normative compensation is not able to reach the volume off loss in revenues in the local public transportation. The amount of compensation required by local governments is raising every year. Besides assuring the stable operation it is also important to maintain the high quality of services and improve the segment in order to raise the number of passangers.
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International Financial Reporting Standards Convergence Process for Small and Medium-Sized Entities
1-12Views:286The "International Financial Reporting Standards (IFRS) Convergence Process for Small and Medium-Sized Entities (SMEs)" seeks to address the unique challenges and requirements faced by smaller businesses in adhering to international accounting and reporting standards. This initiative recognizes that SMEs operate in diverse economic environments and have distinct financial reporting needs compared to larger enterprises. The primary purpose of this convergence process is to enhance the relevance, accessibility, and practicality of IFRS for SMEs, fostering consistency in financial reporting practices across global markets.A project to create accounting standards appropriate for small and medium-sized businesses (SMEs) is being worked on by the International Accounting Standards Board. This abstract provides an overview of the convergence process involving International Financial Reporting Standards (IFRS) for Small and Medium Sized Entities (SMEs). With the global landscape of financial reporting constantly evolving, the integration of IFRS tailored specifically for SMEs marks a pivotal transition towards harmonizing financial reporting practices. This paper examines the essential elements and implications of this convergence, addressing the challenges and benefits faced by SMEs as they align with these international standards. The analysis delves into the driving factors behind the convergence, including the necessity for a unified and transparent financial reporting framework, aiming to facilitate comparability and accessibility of financial information across borders. Furthermore, the abstract discusses the potential impact on SMEs' financial reporting quality, decision-making processes, and access to capital. Through a comprehensive review of the convergence process, this abstract seeks to contribute to the understanding of the significance and implications of adopting IFRS for SMEs, thereby providing valuable insights for practitioners, regulators, and stakeholders in the financial reporting ecosystem.
