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Adapting Open Innovation Model in Supplier Qualification Programs
155-167Views:454The development of innovative models fundamentally contribute to the changing the way of thinking in business context. Today, in this process, the impact of open innovation model is a kind of paradigm shift. The contents of this change has been mostly clear in the field of context of product-, innovation and technology, but not onm the field of organizational and management innovations. In this study, we sought to answer that in the case of knowledge transfer’s special field –the programs of suppliers - how to apply the principles of open innovation and how this may have positive effects. The motivation behind, was to look for commonly used models for the SME sector, that is fundamentally linked to large enterprises as suppliers, characterized by increasingly rapid technological development ecosystem to collaborate.
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Analysis of Henbuk Startup Value Using a Scorecard Assessment Method
1-12Views:357This 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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Development possibilities of Environmental Engineering Education – SWOT analysis
75-80Views:274Nowadays we are struggling with many environmental issues that require up-to-date environmental specialists. Amongst the causes of environmental problems, long-standing industrial companies are dominant, for which, on the one hand, the assessment and elimination of existing environmental damage and prevention can be the goal. Universities would be able to provide the necessary knowledge and skills with appropriate educational and research programs. In the research we carried out a comprehensive study of environmental engineering education programs of Hungarian higher education institutions. We analysed the strengths, weaknesses, opportunities and threats of the various educational programs. In addition, on the basis of the analysis we made suggestions on the possible directions of the development of the environmental engineering training.
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Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary
382-391Views:251Entrepreneurship brings enormous benefits. It generates employment and helps in social and economic development. Ventures created through the youth entrepreneurship have enormous benefits. They generate employment, reduce poverty and unequitable distribution of wealth. These ventures do also help in social, economic and technological development. However, the youth faces several barriers to entrepreneurship. This study explores the personal & psychological, family related, institutional & regulatory, cultural & social, financial and market & knowledge barriers faced by the youth of Hungary and Pakistan. Qualitative research methodology was applied. Interviews at micro and meso levels were conducted from the young entrepreneurs and university professors of Pakistan and Hungary. Results indicate that Pakistan and Hungary have almost similar levels of Personal & Psychological barriers, however, the fear of failure is higher in Hungary than in Pakistan. Family related, cultural & social and market & knowledge barriers are higher in Pakistan for the youth entrepreneurship than Hungary. Institutional & regulatory and financial barriers are at medium levels in Pakistan. For Hungary, these are at low levels. The study has important implications for researchers, academicians, policy makers and for the young aspiring entrepreneurs.
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An Overview of the Situation of SMEs in Hungary in Catching up to Industry 4.0
72-80Views:342Since I have been working I have been in contact with small and medium-sized enterprises (SMEs) and large companies in various ways. I have thus been confronted with the disadvantages of the former in terms of the introduction and use of 4IF technologies. Yet most of them are aware that to remain competitive in the market, they cannot avoid digitising their operational processes to some extent. I have also found that this mainly depends on the characteristics of the organisation; for example, its orientation. Domestic SMEs are therefore currently at a competitive disadvantage in the market. However, there is no information on whether there is a trend towards development and where they themselves should develop. This would help them to develop the right, achievable vision for the future, coupled with a feasible business strategy.
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Examination of the Relationship between Renewable Energy and Economic Performance
234-243Views:347Many countries are making considerable efforts to achieve solutions to environmental problems that we face today and developing renewable energy resources is one of the potential long-term solutions that constitute an absolute priority from a sustainable development perspective. The usage of renewable energy is one of the critical future challenges to reduce greenhouse gas emission and decrease energy dependency at the same time. Thus, replacing traditional energy sources with renewable ones, like Hydropower and wind power to produce electricity instead of fossil fuel. The objective of this study is to find a relationship between renewable energy consumption, macroeconomic factors, and the environment. There is a reliable and significant (at 1% significant level) association between REC with GHG and GDP and a relatively strong association with EC.
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The Impact of a Coronavirus Epidemic on China’s Public Debt Ratio Growth
151-159Views:383Public opinion in the economic profession is strongly preoccupied with the expected negative economic effects of the coronavirus epidemic. Among the consequences, special attention is paid to the increase in the gross debt of the states. Indeed, based on conventional economic knowledge, it is clear to everyone that the economic downturn and the increase in government sector expenditure will directly lead to a sharp rise in government debt. The study aims to predict an increase in China’s government debt ratio using a macroeconomic model. The study will quantify the rate of increase in China’s public debt based on four theoretically possible scenarios for the course of the coronavirus epidemic. I am aware that it is difficult to apply conventional economic knowledge to China’s state-capitalist system. This is explained by the fact that the theories of the socialist economic model do not apply to China either. At the same time, the functioning of China's economy is closer to that of market-based economies, but the country's structure as a whole cannot be integrated into this framework either. But models describing the economic development of developing national economies cannot be applied to the country either. Nonetheless, I attempt to use conventional economic economics to attempt to quantify the impact of the coronavirus epidemic on China’s sovereign debt ratio. China’s public debt growth rates calculated under different outbreak scenarios are different, but none show an increase that would call into question the financing of China’s public debt.
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Analysing the Conditions of SMEs Regarding Quality Assurance in Hungary and the European Union
Views:318Nowadays, small and medium sized enterprises (SME) have a relatively large task and expectation caused by the appearing of populated large foreign-owned enterprises in our country. In order that they will be able to cooperate with them and be able to join and integrate into the value chain they supply they must meet the high quality of standards. Obtaining then preserving quality certificates is essential for this. It can be fulfilled exclusively with thorough screening and problem identification.
This situation is exacerbated continuously by globalization in which each sector is involved. It means that they must remain competitive globally. Although in our country most of the small and medium sized enterprises bears the specific characteristics of family businesses innovation may not be avoided if they intend to stay competitive. To fulfil this quality assurance is one of its integral part.
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Examination of road sections in Debrecen by noise mapping
287-295Views:186During the research, noise level calculations were performed for 13 numbered roads in and around Debrecen and a noise map analysis was conducted on the roads’ environment. The first examined year was 1995, the last was 2017. In the time interval, annual status was determined based on average daily traffic data. In addition to the road noise values calculated for each section, a noise map was prepared for each survey year. For the evaluation of the results a difference map of the highlighted periods was prepared. Typically, noise level increase from road sources was identified between 1995 and 2017 in a significant part of the studied area (southern and eastern parts of Debrecen and around the newly built roads). Stagnant noise level was diagnosed near the downtown of Debrecen and around the main road No. 4, furthermore in some places noise reduction was caused by the development of the road network (between Debrecen-Józsa and Hajdúböszörmény, between Debrecen and Látókép around road No, 33, and along roads No. 4808 and No. 4814) .
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The Methods of Determination of Settlement’s Electricity Self-Sufficiency
1-15Views:248The Idea of the Energy Change became in available proximity with the technological development. The change from the fossil energy to the renewable energy sources is a question of the territorial extension’s question now, so the change is available on settlement, regional, or global level. This study analyses the method of those settlement systems, which achieved the 100% renewable energy systems. It categorizes the methods which lead to the all renewable energy supply based system and the current study examines the self-sufficiency level of the Hungarian settlements through the international organizations and case studies and applying its own methods.
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The Logistics Conception of the Value Chain of Wood
139-154Views:321The importance of the forest management and timber producing is highly determined by the value chain of timber. The forest management and timber producing can basically contribute to achieve the goals of the sustainable development as producing and processing the wood as a raw material. The relationship of the multifunctional forestry management as producing different scale of products and services results that changing a member of the chain might cause the total net alternation of the forestry system’s added value. The added value of the special areas of the appropriate and sustainable forest management is the infrastructural, recreational and touristic services.
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Examining the Virtues of Organisational Citizenship Behaviour (OCB) at an SME
41-52Views:334Nowadays, especially in the Eastern region of Hungary, small businesses face an increasing challenge in attracting and retaining a well-qualified workforce that is able to accept and commit to the goals of SMEs. This is due to the promising career prospects offered by foreign-owned large companies locating here. However, if SME employees possess the virtues of organisational citizenship behaviour (OCB), they will develop a stronger commitment to the organisation. The aim of our research was to explore the extent to which the five OCB virtues; sportsmanship, conscientiousness, altruism, politeness and civic virtue are present in a small construction company in Hajdú-Bihar county. Our survey was carried out using a questionnaire method, which was analysed as a function of length of service, education and age. The main findings are that there is a strong correlation between the presence of OCB characteristics and age and length of time spent with the firm.
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Quality Indexes of Warehouse Services
1-13Views:564There was a wide range and rapid development in the field of warehouse management in the recent decades as a result of strong and spectacular improvement of establishing and operating warehouses, in addition to increasingly complex logistic processes. In my research, I analysed the complex problems of determining the performance expectedfromoperatingthewarehousetechnologicalsystem. Thisdecisioninvolvestheselection of the essential performance indicators suitable for performance measurement and the determination of the expected performance level based on these indicators through the example of an examined enterprise. During my research, I concluded that the logistic performance measurement of warehouse processes is a very difficult process, because all enterprises have to define and use indexes which adapt to the enterprise profile well and reflect the performance to be measured. This decision is of key importance, since the warehouse system and its operation principles have to be adjusted to this expected performance.
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Challenges of the Quality- and Change Management in the Context of Upcoming Social-Industrial Changes (5.0) – Conclusion of a Survey
138-150Views:330The upcoming industrial-social revolution, which may be called the 5.0, is emphasizing the coordination of the value-creating work of technology (machine) and man. This approach wishes to move towards sustainability, which deserves a significant role in nowadays through the world empathizing the negative effects of the wolrd. During my research I was looking for the answer that how the extended industry 4.0 and its tone be in Hungary via supply chain of the automotive industry. During my research I was looking for the answer that how the extended industry 4.0 be in Hungary and its tune through supply chain of the automotive industry. I also have examined that which changes are justified regarding management systems in interest of efficiency and emphasizing the human capital by leaders interviewed. As a part of qualitative research in-depth expert interviews were interpreted with help of content analysis based on the methodology of grounded theory. The results demonstrate the need to review and change existing processes in order to ensure that the potential of human capital is not lost and that technological development, even more so, is at the service of human resources in order to achieve its efficiency and effectiveness. Among the possible tools we can find the re-structurizing changes of post tracking processes of the audits in management systems providing quality. Furthermore, the practical implementation of multifactorial statistical process control in the evaluation of processed data, which may be one of the essences of industrial (IoT) data.
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„Return to the Countryside” – a Qualitative Approach of Students’ Opinions About Rural Life
204-216Views:332Nowadays, the research of rural areas’ specific features is one of the most interesting part of sociology. Within these studies the rural areas ability for survival and to retain forms an important basis. A pillar of these, that the youth from rural areas become sufficiently motivated to stay at or to return to their homeland and be able to redound development. We were looking for answers, that how university students, who participated in our current research are thinking about the hungarian countryside, in their opinion what are it’s advantages and disadvantages and it’s possible potentials. In addition, we examined those factors, which are contributing to that respondents who are studying in large cities want to stay there, but at the same time we wanted to explore the opposite factors, those that make tudents to return to the countryside. Last, but not least we investigated a very interesting topic, the relations between the respondents and the rural elite.
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The Impact of Optical Character Recognition Artificial Intelligence on the Labour Market
9-16Views:512Because of present day information technology, there is neither need to plant complicated computers for more millions price if we would like to process and store big amounts of data, nor modelling them. The microprocessors and CPUs produced nowadays by that kind of technology and calculating capacity could not have been imagined 10 years before. We can store, process and display more and more data. In addition to this level of data processing capacity, programs and applications using machine learning are also gaining ground. During machine learning, biologically inspired simulations are performed by using artificial neural networks to able to solve any kind of problems that can be solved by computers. The development of information technology is causing rapid and radical changes in technology, which require not only the digital adaptation of users, but also the adaptation of certain employment policy and labour market solutions. Artificial intelligence can fundamentally question individual labour law relations: in addition to reducing the living workforce, it forces new employee competencies. This is also indicated by the Supiot report published in 1998, the basic assumption of which was that the social and economic regulatory model on which labour law is based is in crisis.
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Topology optimization and rim design
92-101Views:457A goal of this article is to show the development of the car wheel rims along with the progress of the manufacturing technologies over the past few years. To achieve this goal, topology optimization and generative design usage have been reviewed in this work. The research has focused on the main factors, which affect the life of car wheel rim, and it has shed the light on the effect of the topology optimization and the generative design on the manufacturing of the car wheel rims. Since the main factors above-mentioned are the: forces, material preferences and topology optimization, the study has covered the results of the studies made on each part along with the technology progress. Moreover, the article has explained the methodology main steps of the topology optimization and the generative design and their principles.
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Qualitative and Quantitative Analysis of Optical Industry Produced Grey Water, Proposal For Treatment Technology
84-88Views:172Our research we investigated Carl Zeiss Vision Hungary Kft. grey water from laundry. Our research aims to provide the optical industry produced grey water quality and quantity parameters to obtain a comprehensive picture. The quality parameters for additional aim was to test, whether it is worth tut collect grey water produced in the optical industry to the place of origin. Subsequently, the development of a treatment technology that economically it would be valuable for the company. It has been observed that it is not necessary tut collect grey water from washing machines and cleaning machinery, since it is similar to the organic load them. It was based on a financial assessment of the grey water treatment technologies in two technologies: coagulation-flocculation and aerobic bio membran technology. Investment and maintenance costs in respect of the implementation of the aerobic clearly bio membran technology proved to be more economical.
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Enhancing Sustainable Production Through Continuous Improvement: Evidence from Nigeria’s Manufacturing Sector
1-20Views:6The manufacturing industry in Nigeria has been the so-called cornerstone of economic development since the sector has continuously played a major role in providing jobs and industrial capital. However, there remain issues that impede its progress, including inefficient resource use, unstable regulatory systems, and the need to comply with international market requirements. Specifically, it examined the effect of employee engagement, process efficiency, and resource allocation on Nigeria’s manufacturing sector. A survey research design was adopted, with a total population of 117 employees across five manufacturing firms. A total of 91 participants were administered a structured questionnaire. Data collected was analyzed using PLS-SEM. Findings revealed that employee engagement has the strongest effect on sustainable production (β = 0.412, t = 6.250, p < 0.000), followed by resource allocation (β = 0.237, t = 3.610, p < 0.000), and process efficiency (β = 0.174, t = 2.877, p = 0.004). It concluded that continuous improvement is significantly vital for sustainable production in the five sugar manufacturing firms studied in Nigeria. It is therefore recommended that management of these selected firms focus on developing unique resource allocation strategies, employee engagement, and process efficiency to ensure sustained workforce improvement, thereby achieving sustainable production outcomes.
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Global Inversion of Pressure Dependent Acoustic Velocity Data Based on a New Rock Physical Model
47-55Views:226In this paper with the further development of our previously published single exponential model, the new multiple exponential model describing the pressure dependence of acoustic longitudinal wave velocity is presented. Since with increasing pressure in the rock several relaxation mechanisms at the same time can cause the increasing propagation velocity, the new model can handle two or more physical mechanisms (e.g. the closure of pore volume or microcracks or friction on grain boundaries etc.). The previously applied linearized inversion procedure can trap in a local minimum, so during laboratory measured longitudinal velocity-pressure data processing a global optimization method was used to find the absolute minimum. Using the developed model equation as response equation in a Simulated Annealing algorithm the petrophysical parameters of the model can be determined. Inversion results proved that the calculated data using the new model and algorithm matched more accurate with measured data on a rock sample.
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Innovative Strategies and Student Academic Performance: Machine Learning Insights on International Students in Chinese Universities
37-60Views:244The higher education sector in China has faced unprecedented challenges recently due to the global COVID-19 pandemic. The influx of international students, a vital component of the nation's academic landscape, presented distinct challenges, including maintaining academic achievements through various online platforms, which necessitated innovative strategies to ensure that their educational pursuits remained rewarding despite these challenges. This study aims to explore the innovative strategies adopted by Chinese higher education institutions in response to the COVID-19 pandemic and examine their impact on the academic achievements of international students. This study employs a comprehensive approach that incorporates questionnaire surveys and dominant Machine Learning Algorithms, such as Multiple Linear Regression (MLR), Decision Tree Model (DTM), Support Vector Regression Model (SVRM), and K-nearest neighbors (KNN). By employing rigorous data-gathering approaches, our study aimed to address a set of particular questions: How did these innovative strategies improve students' academic performance in the face of environmental emergencies? To what extent did international students benefit from these adaptations? Through investigation of these concerns, our research provides insight into the effectiveness of these strategies and their possible significance for future educational methodologies. Innovative strategies positively correlated with student academic performance during the COVID-19 pandemic in Chinese higher Education. This research highlights how overcoming these challenges can have broader implications for shaping resilient global education systems in future crises. The study accurately predicted academic performance, highlighting the importance of innovative teaching approaches in the context of the COVID-19 pandemic. This study might influence educational policies and practices. Educational institutions can make informed decisions about emergency preparedness and development by assessing results using a creative approach. Our findings bring depth to the global conversation on higher Education under challenging circumstances, showing how Innovation might alleviate the adverse impacts on international students' learning experiences.
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The Effect of Player Transfers on Football Companies Valuation
Views:443Transfer seasons are one of the most highlighted periods in world of football. The market of player rights forces the greatest european clubs with their enormous budgets to compete with each other in order to aquire the most talented and most succesful players. It is not uncommon to sign players for tens of millions of euros, to this extent these expenditures are seriously affecting clubs bottom line. However, despite the expenditure nature of player transfers the value of these clubs increase, based on the best known measurer for companies valuation: the stock exchange. In my research the effect of player transfers ont he valuation of football corporations are presented through market value development of stock market listed clubs namely Juventus and BVB Dortmund. Based on my results if the examined clubs were signing players according to a player transfer policy considered as succesful the value of examined clubs had increased through stock market price independently of player transfer balance. Moreover the effect of coronavirus could had been noticed, since both clubs valuation decreased heavily in the 2020 summer transfer window probably due to the revenue loss caused by the pandemic.
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Investigation of application and development of precision irrigation technology
239-248Views:354Due to the extreme weather conditions irrigation is nowadays considered an increasingly necessary factor. After evaluating the water requirements of the plant and the available water resources is necessary to decide what irrigation method to use. One of the most commonly used methods in field conditions is rain-type irrigation, of which there are several types (eg linear, winding drum). The uniformity of the field nozzles can be characterized by the Christiansen uniformity factor (CU%) and the distribution uniformity factor (DU%). The coefficients can be derived from the volume of water captured by the rain gauges. Our investigations were carried out in July and August 2019 at the University of Debrecen's Vision Plant Experimental Plant and at a linear irrigation equipment of a Nyírbátor company. The aim of the study was to compare the uniformity of water dispersion applied by conventional linear technology and precision linear irrigation technology. In addition we examined the intercept values of maize.
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Analysis of the Supply of Sport Services by Organizational Aspects
465-474Views:403The spread of consumer societies has led to the commercialization, and the emergence of profit-oriented operating frameworks in the fields of sport. The sports enterprises, involved in the operation of competing groups on professional, spectator fields of sport have already been examined from legal, economic, organizational points of view by a number of international and Hungarian researchers. In this article, we attempt to cover and summarize the Hungarian research approaches on this subject. The motive behind our investigation is that we should launch an organizational examination of the Hungarian profit-oriented sports suppliers in the near future. We plan to analyse the property, financial, income, organizational, management and labor management related situation of these sports enterprises. In order to ground the research, the review nature summary of domestic economic, organization science related secondary examinations is essential, which allows the development of the appropriate research methodology and the comparison of our results with the antecedents.
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The Special Aspects of Leasing as Long-Term Asset Financing Method in Hungary
115-128Views:771Leasing has become widespread in the world in the 1970s, while in Hungary the first leasing firms appeared in the 1990s. The authors in this article introduce the most prevailing and most often used forms of leasing and their main characteristics in Hungary. Based on the statistical data of the 2008-2015 period the authors analyse the performance of investments, the volume of trade in the total leasing market and the course of the amount of capital assets and new capital investments on the level of the national economy. The conclusion of the current article is that the changes of the investment’s performance in the national economy and the EU development funds influence greatly the course of the Hungarian leasing market.
