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Transaction Costs: A Conceptual Framework
131-139Views:962Transaction Costs (TC) is a very important topic, especially in a changing work environment which has a large number of operational firms, and increasing business growth. The aim of this paper is to shed light on the transaction costs concept, and provide a conceptual framework to understand the meaning of transaction costs. Publications including articles and research papers have explained the notion of transaction costs and the theoretical issues related to them. The literature review reveals that, transaction costs are costs which arise because of the of a company‘s activities in the market , including (fees, commission, taxes) which are paid by the firm to provide a service or produce a good either to external parties or as internal costs. Therefore, according to the literature review. It emerges that firms must make a comparison between internal and external transaction costs and choose the lowest cost which enables them to increase profits. This means companies have to reduce transaction costs to the minimum level to achieve more profits and competitive advantage.
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Constantly Changing: Revitalization of Our Existing Building Stock with a User-centric Approach Through the Comparison of Three Hungarian Examples
94-110Views:558Our built environment’s community-oriented spaces are rapidly becoming obsolete in response to current social, cultural and economic demands. The renovation project of the tímárház Szárító műhely in Debrecen presents a new potentional transformation model in the region with a focus on community-creating and cultural awareness. The incremental, cost-effective small-scale intervention and adaptive reuse of the building’s spaces provide an opportunity to preserve its values and swiftly respond to evolving needs. In order to validate the underlying principles of the interventions proposed in the plan, it will be compared to two similar-minded examples, the Művészeti Ellátó in Eger and Szabadkikötő in Pécs. The projects were examined through the processes occuring within their respective life cycles, as their transformations exhibit recurring patterns. The analyses were conducted based on interviews with the creators, online articles, studies and on-site visits.
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Talent Management in International Practice Through the Example of Europe and China
454-464Views:271The reason behind is that they have their own principles, strategic goals and industrial environment that they have to manage on daily bases. The current labour and talent shortage across Europe forces local companies to supply their demand of manpower from foreign countries – encouraged by the ’four freedoms’ of the EU. In consequence of the globalisation, we have to keep in mind that running a talent management system has its challenges. For instance, employees with different cultural background might have unconventional needs. Due to the cultural, demographical and economical differencies, we must know the structure of our labour force to use the most beneficial tools to induct, motivate or retain our human resource. The aim of this research is to analyze Europe’s and China’s talent management systems to reveal similarities and differencies between them and pick the most notable ones. From the point of comparison, analysing China would be important for European countries to discover further possibilities, as nowadays China has one of the most dynamically developing economy with enormous population behind. The primary result of the research is that deficiency of talent is irrespective of the size of the population and it causes difficulty in both European and Chinese fields, therefore it proves to be a real and general challenge needing attention at organizational level. Furthermore, identifying regional patterns considering peculiarities, the framework of talent management systems can be defined and be found summarised in the article.
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Vehicle Dynamics Simulation in Matlab/Simulink Environment
36-41Views:277In the following we are researching different methods of vehicle dynamics simulations. Starting from a simple two-wheeled vehicle model, we are showing ways to simulate the movement of vehicles with real suspensions on any surfaces. MATLAB, Simulink and Simscape provide very suitable resources for the above mentioned purposes. The benefits of such vehicle model become obvious because of the fact during the physics simulation we can access all the data we need to simulate any control algorithms for vehicles: in this article we are presenting a simple ABS control simulation.
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Vehicle dynamics modelling of an electric driven race car
106-114Views:138In the following we are presenting a vehicle dynamics simulation program developed in MATLAB environment. The program is capable of calculating the dynamics functions of a vehicle from its technical data. The program has been successfully applied for the optimization of the technical data of an electric driven race car that was designed and constructed at the Department of Mechanical Engineering of the University of Debrecen.
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Demand and Supply in the Talent Market
142-149Views:264In Hungary, the emergence of a talent market for organizations is due to the growing demand for talented workers. The talent's definition, the exploration of the factors affecting the talent market's demand and his supply are necessary to the overview. With the emergence of the talent market, we will also carry out an important analysis of the changes in the labor market in Hungary as well as the shortage of labor shortages. In the labor market today, different generations are present, who have different expectations for their employer and work environment. The lack of skilled workers is attempted by organizations with different methods. One of these is the ability of companies to become a talent-magnet, resulting in a higher number of employees in their area of activity. In areas where labor shortages are high, more and more attention is paid to automating processes. During the research, I worked on the related literature and studies to determine the factors influencing the talent market.
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Framework of Industry 4.0 Technologies
213-223Views:1486The increasing competition and globalization have changed the micro- and macro environment of companies worldwide. The number 4.0 marks the fourth industrial revolution, bringing information technology and automation closer together leading to fundamental changes in production methods. It is not only about the penetration of technology but also about the paradigm shift in business processes. Industry 4.0 is becoming a daily reality for domestic companies as well, giving rise to the era of high-level interaction among production resources and different players. Industry 4.0 will transform the structure of production and change global competitiveness giving enterprises new opportunities to create added value. In my study I presented the concept of Industry 4.0, its framework and innovative technologies. I described the intelligent logistics solutions and the most important advantages of Industry 4.0. Essentially, the use of these tools include in addition to the explosive development of industry the digitalisation of the entire economy affecting society as a whole. It is of great importance that small and medium-sized enterprises also respond to new technological opportunities otherwise will significantly lagging behind in the digital transition.
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Application of Heutagogical Methods in Entrepreneurship Education
364-373Views:145According to Kuit and Fell (2010) the educators’ task is to develop the learners’ lifelong learning skills to be able to apply their skills and competences in and efficient and creative way in new situations in a constantly changing environment. Kamenetz (2010) argues that neither the pedagogical nor the andragogical teaching methods are suitable for performing well in their job, but more and more a self-directed and self-determined approach is needed in which the learner reflects on what and how he learned, and the educator teaches the learner how to teach himself. The concept of heutagogy provides such principles and practices which can give an answer for the above-mentioned challenges in higher education. The authors examined how the heutagogical methods can be adapted at entrepreneurial courses and how the students evaluated these courses.
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Relationship between the Lean and Agricultural Companies
370-381Views:192Eliminating losses is a daily challenge for both: companies and individuals in society. Whether through the production or office work, we are wasting the most important human needs: time and energy with useless things and processes. Both are an integral part of our daily lives and are particularly important for agricultural companies. In our study, we look at the relationship between Lean and agricultural companies. We outline the risks associated with these seven Lean Losses at these companies, and how these problems can be corrected and eliminated using current methods. Our research sheds light on how technological innovations affect and influence the position of companies in the market and in financial and human resources. We examine the benefits and drawbacks of the innovations applied and the Lean processes used, and how they affect the environment around them.
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Tools to Develop End-User Programming Skills from Primary School to Higher Education
30-40Views:153Some years ago at the MIDK2013 Conference [16] we presented a concept regarding the use of a new generation of computer programming novice languages (in fact, an environment, called ‘block languages’). We showed how we imagine the use of this kind of language for different ages and at different levels of education. Now we would like to present the results of our projects related to this concept and our psychological and pedagogical experiences. Furthermore we would like to present further tools to develop end-user programming skills from primary school to higher education.
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Measuring the Dynamic Characteristics of Electric Motors
359-364Views:133In our previous publications [1, 2], we described our vehicle dynamics simulation program which was developed in MATLAB environment. We also discussed its use for optimizing the technical parameters of electric driven vehicles. We detailed the model and simulation of the series wound DC motor which is part of the program. Besides, we described the experimental procedure by which we can determine the electromagnetic characteristics of the motor from the input parameters of the simulation program. In the present publication we deal with the determination of the dynamic characteristics of the motor (the moment of inertia of the rotor, bearing and brush resistance torques) experimentally. Knowing the above mentioned electromagnetic and dynamic characteristics, we can carry out the simulation of the motor and the results of the simulation can be compared to the results of the test measurements.
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Optimization of Automotive Industry’s Manufacturing Process with Lean Tools
81-89Views:393Lean plays i mportant role in industrial environment. Automotive industries use lean tools in order to reduce cost and i mprove productivity. To achieve the company's objectives and so lve the detected problems I also used lean tools. By using lean tools we want to decrease total process cost (TPC). In order to achieve this target, the three-shift production has to reduce in two-shift production, which result decrease in the human resource costs and production costs. In order to reduce shifts we have to increase overall equipment efficiency (OEE) and eliminate minimum 50% of wastes by implementing 5s methodology, using Poka-yoke and scheduled maintenance.
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Most Effective Management Style for Modern Workplace
402-411Views:3648There are managers who are coaches, who are democratic, who are dictatorial and those who are consensus builders. All styles come with positives and negatives, many managers employ a combination of all to make progress. Ultimately, the managers that have the most successful teams are the ones who help each individual member of the team to grow. To manage the best way possible, you need to be strict but gentle and, employees will probably feel good and happy in a medium where inclusivity is a need. Balance in the work environment is imperative for empowering employees from all background to feel certain about their potential and accomplish their best. The higher the self-esteem, the more beneficial the employees are. People from different background can offer variety of abilities and experiences, aptitudes and encounters that might be of advantage to the organization and their work execution. Although some hybrid of aptitudes can be gainful with regards to helping each other, a mixture of skills and abilities among the group likewise implies that workers can gain from each other. By working nearby individuals of various backgrounds, experiences and working styles, creative ideas can be conceived then discussed among each other and offering feedback and proposals. Though one individual might be extraordinary at out of the box thoughts, another individual may have the important experience to execute it; so it is fundamental to play on every individual's skills, abilities and work together within the group.
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Survey of population knowledge on the technical characteristics and physiological effects of light pollution in two settlements
155-161Views:180One of the newest environmental challenges in our industrialized world is light pollution. It means that we emit more light than necessary, and this is often done at wavelengths that are both disturbing and even harmful to human health. The Dark Sky Parks, where over a large area there are no artificial light sources that burden the environment. One of these parks is located in BAZ County, near Répáshuta, and is under continuous development. Our study reports on a questionnaire survey conducted in Répáshuta, which is informed about light pollution, and in Cserépváralja settlements close to it, but without direct knowledge of the problem. The population of both villages is around 400. With a direct on-site survey, we asked 21-21 questions to 30-30 person and received answers in all cases, of course, taking full account of the anonymity of the respondents. Recruitment took place in March and April 2019.
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Examination of the Solvency of a Company in an International Accounting Environment
332-342Views:376It is highly important for every business to be solvent for both short and long term. Solvency is a prerequisite for the operation of a company, especially short term solvency, also known as liquidity. Liquidity plays a prominent role in the life of a given business. For this it is important for a business to strive to avoid liquidity problems. In the present article we examine the short term solvency of an American corporation, which prepares its financial statements according to the US GAAP (The United States Generally Accepted Accounting Principles). We present the fundamental short term solvency ratios, and the subsequent conclusions. Since for the calculation of the ratios the data of the examined company’s financial statement is needed, which shows differences from the yearly report of a Hungarian company, in the article we will also discuss the differences between the two accounting systems with regard to those items, which have an effect on the liquidity ratios, in particular current assets and short-term liabilities.
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Optimizing the combustion processes of a small scale solid fuel-fired boiler
358-369Views:144Over the last decade, the public has been paying increasing attention to reducing greenhouse gas and acid rain emissions and reducing particulate matter, which is extremely harmful to health and the environment. To improve air quality, the European Commission has achieved a range of measures to reduce air pollutant emissions in the transport, heat and electricity, industrial and agricultural sectors. In Hungary, the amount of gas and solid air pollutants from solid fuel combustion used by the public during the heating season represents a significant percentage of the total amount present in the atmosphere. In 2016, taking into the total emission, the 29% of CO2 emissions; 85% of CO emissions; 75% of the particulate matter emissions and 21% of the NOx emissions were derived from households. It follows that the improvement of air quality can also be achieved by controlling the emissions of solid fuel combustion plants. During our research we aimed to optimize the operation of a newly purchased TOTYA S18 boiler and a pilot pellet boiler. Operating the boilers in the correct mode minimizes air pollutant emissions, and the greater part of the heat generated is actually turns to heating the home, as with poor settings, a lot of heat leaves through the chimney. The data obtained during the tests can also be used to determine whether the boilers comply with the emission values set out in Commission Regulation (EU) 2015/1185.
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Parametric Programming Applied to the Optimal Production Structure in Determining
375-389Views:138The agricultural planning often the question arises, how the different input (fertilizer, feed, irrigation, etc) from what to use on a production (land, animals) unit basis, and to what intensity. The input transformational efficiency experiments by setting analysis and evaluation. For example examined the nutrient replenishers fertilization experiments, the effect of nutritional values of the feed on the body weight gain, milk production in animal experiments. The input input efficiency to the external environment (weather, soil conditions, unexpected events), the technology used and the biological factors both influence. The farmer must be chosen in each sector, taking into account the magnitude of these inputs and environmental requirements. The economic optimum is usually trying to approach the sectoral level, which serves as the basis for future planning data. The mathematical programming models using relatively simply and quickly determine the optimal production structure. The models provide the specific resource requirements for, and the limitations of the objective function coefficients are calculated on the basis of sectoral. This becomes a deterministic model, and we can get the appropriate sectoral analyzes outstanding results of production structures. Therefore the relationships within sectors directly incorporate mathematical programming model and corporate interests placed above the interests of the industry to determine the intensity of the sectoral inputs. in their article a fertiliser application example, we present the production structure and the plant production sector fertiliser input of a time optimization, in which the fertilizer for specified sectoral relationships appear in the model objective function.
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Evolution of Lean Management and the Organizational Learning
251-259Views:643In industry, service and public sector lean approach is gaining ground. However, there is a significant difference between the organizations applying lean concept in case of their lean transformation maturity level as well as their lessons learned. There is a huge variety of methods and techniques which can be used but there are two conditions in case of every organization regardless their sector or their lean maturity level which determine the success of their lean development: lean approach leader and learning organization. Lean leadership is not based on a particular sector or method and a ready-made lean organization is not needed either. The concept of the top management has a huge effect on the characteristics of theorganization but whether the will of the management is enough for the complete transformation or not is the question. Is the target the lean organization itself or how a unit of an organization or the whole organization can react to the change of the environment? The attitudes and behaviors of lean approach leadership can be applied every day, everywhere and support the aim of creating a real lean organization.
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Experimental Study of Connections with Hardwood Studs
26-34Views:140Attitude change is needed in design of timber structures. Truss girder made of timber elements wi th small cross sections can be used on large spans. Constructing structures with the use of these prefabricated trusses reduces the need of in-site work, and makes the use of ti mber structures economic. Rods of truss can be connected with the use of hardwood stud. On this way all steel components can be eliminated from the truss, so it can be used in aggressive environment as well. Dowel type connection, with hard wood stud is the subject of the present research. Hardwood studs were investigated individually and also as the part of separated connections of the truss girder.
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Consumer Perception of Electric Cars in Hungary – Theoretical Considerations and Empirical Results
1-23Views:461Electric cars are becoming increasingly popular in the automotive industry and among consumers; partly as a result of their environmentally friendly characteristics. The aim of the study is to compare the main characteristics of electric and conventional cars in the context of environmental protection. In the first half of the study, we present the life cycle of electric and conventional cars and we compare the overall environmental impact traditional an electric vehicles. We point out that although the operation of an electric car does not pollute the environment locally, the manufacture, charging and disposal of batteries required for operation raises several issues related to environmental pollution. In the second part, we examine the respondents' attitudes towards electric cars based on our own questionnaire research. On the basis of the answers, it can be said that consumers still consider electric cars expensive and are aware that electric cars address some pollution issues to a small extent.
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Ecological Research of the Kő-hegy in Budaörs by Innovative Developmental Possibilities
54-58Views:89The function of the environmental education is essential for the sake of the natural environment. The amazing view from Kő-hegy is noticeable, and it must be preserved for the next generations. Today to achieve the environmental conscious forming aspects it’s necessary to develop modern applications and environmental education. The aim of research is the innovative development to sustainability
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Security Oriented Process Management
344-364Views:345Abstract. Theoretical background of enterprise risk management can be considered as founded by the ISO 31000 standard family and the COSO recommendation. However, their application in a given company domain requires knowledge of the local environment, and professional experience. Nowadays risk management is still anchored to functional fields, or organisational units (logistics, finance, quality management, HR, IT, e.g.). According to the view of the authors, this approach could results in parallel, multiple regulations of risk management. This could be avoided by a holistic view, and a risk based analysis of company processes. Writing this study is aimed at three
major goals:
- providing an overview of the bases of process and risk management,
- proposing a professional idea to be used at risk management of processes (Is it possible to reduce business
risk by analysing availability of resources assigned to processes?),
- providing a review of standards and recommendations which can be used in process risk management. -
Implementing 5S in a Hungarian Company
161-173Views:312The methods and tools used by Lean management can be used for any activity that is specifically introduced to the company. On this basis, the objective of this paper is the implementation of a Lean office with a 5S system transformation into the traditional office environment of a private business. During the workflow, it is also planned to create new habits in this narrow space that will incorporate the organizational culture into the everyday life of the business making the administration more effective. The 5S concept is new and helps the company to operation on a larger scale with fewer inputs than before. Figures are made for better understanding and a Red Tag is created which is the first step of the process. Red Tag tells the employees about the history and the process which will be needed on it. The basic of lean thinking is the contunious improvement in the quality of the product while minimaxing the wastes created during the process. The Next Broker Consultancy Ltd adopted this new way of management and made sure that all the necessary measurement are taken to insure smooth flow of the process.
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The Legal Aspects and Challenges of Managing Workplace Mobbing
1-9Views:711Workplace mobbing (psychological harassment) can be a great challenge for the management of any organization. Although the phenomenon has been discovered for quite some time, there is still no unequivocal definition, and therefore preventive and managerial actions are rudimentary. It is clear that mobbing affects not only on the individual employee, but the whole organization. The reduction of commitment of people working in this environment (and not only those directly affected by it) may have a detrimental effect on the performance of the organization. I will present a legal case study to highlight some of the general and procedural shortcomings of mobbing at the workplace.
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The Global Electric Car Industry and the Related Indirect Emission
Views:550Our planet tries to create a more environmental friendly transport. Related to the car purchases we can determine the consumers’ attitudes have changed in the last years and we can say that the electric cars have become one of the most significant participants in the industry. In one of his investigations Christopher Buchal realised electric cars can burden the environment with more than 11-28% than the avarage engine cars. It is possible if we make difference between direct and indirect emission, because the direct emission of the electric cars is zero, but the indirect emission can be really high related to the power generation. My goal is giving a real picture about the electric car industry and presenting my suggestions for the future.
