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Correlation Clustering: Analysis of Major Agricultural Commodity Markets
288-302Views:275The aim of this article is to compare the clusters formed by the correlation distances between the agricultural and the energy commodity price returns in different periods of time. The energy and agricultural markets have become more interlinked in the past ten years, which can be attributed partly to the increased usage of biofuels. According to the results of this research, after the global financial and economic crisis of 2008/09, the relationship has become tighter between the agricultural commodity prices and the price of the crude oil. Based on the hierarchical clustering, the relationship between crude oil and sugar, and especially between crude oil and vegetable oils has become stronger. These results support the hypothesis of a more interconnected agricultural and energy market after 2013. Furthermore, the emerged relationship of crude oil with the vegetable oils may indicate the connecting role of biofuels, since biofuels require agricultural input materials, partly vegetable oils. However, the role of biofuels in the present analysis requires further researches.
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The Empirical Examination of Firm Value Drivers Regarding the Global Financial Crisis
213-222Views:165The article focuses the corporate value creation and the most important value drivers. The first goal of the paper is to classify the most relevant value drivers, and their function of the firms’ value. Further objective of this study is to introduce the effects of the 2007-2008 global financial crisis. This article demonstrates the following. The first part presents the value chain and illustrates the primary and the support activities of the corporates. The second section briefly presents the 2007-2008 financial global economic crisis, introducing its causes, events and financial aspects. The third empirical part of the article analyses the database featuring data from 18 European countries, 10 sectors and 1553 firms in the period between 2004 and 2011. At the end, the fourth part contains conclusions. Based on the related literature reviewed and in the conducted empirical research it can be assessed that 2008 can be seen unambiguously as the year of the financial crisis. In this year, all predictors had a negative effect on the criterion variable, the firm value.
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Historical Aspects of the Internationalisation of the Higher Education as Historical Examples of Innovation and Knowledge Transfer
87-97Views:184The internationalisation of the higher education is one of the most actual topics of the education management nowadays. It can bring a solution for the problems of the Hungarian higher educational institutions caused by the demographically expected decrease of the number of students. The internationalisation of the higher education is not a new-fangled phenomenon however it became much popular in the last decades and it has been spread globally. The aim of this article to show the historical aspects of the internationalisation in higher education based on literature review and research.
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Comparison of greywater treatment processes with coagulating agent and oxidizer
99-106Views:111In our research synthetically produced greywater samples were treated with oxidative and coagulating agents after pre-treatment them by filtration on various filters. We characterised the quality of greywater samples with several parameters. We investigated these parameters on the untreated, pre-treated, and treated samples as well. We evaluated the efficiency of the treatments by measuring the characteristic parameters. The greywater treatment is a very important and effective opportunity for the reasonable freshwater usage. This type of treated water can be suitable for toilet flushing or irrigation. There are a several methods known from the literatures to preparation the greywater samples to reuse. We compared two of these methods in this article.
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Greywater Treatment with Oxidative Agents
27-31Views:221In our research we pretreated synthetically produced greywaters with filtration on various filters, then we treated the samples with oxidative agents. We characterised the quality of greywater samples with several parameters. We investigated these parameters on the untreated, pretreated, and oxidated samples as well. We evaluated the efficiency of the treatments by measuring the characteristic parameters. In addition, we investigated the changes on the filter media’ surface with a scanning electron microscope (SEM). It was shown, that the most effective treatment combination for the greywater’s preparation for reuse is the filtration on silica sand or activated charcoal and silica sand combined filter media, then oxidation with hydrogen peroxide (10 mmol/dm3).
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Relationship between Population Growth and Urbanization
527-541Views:436The main purpose of this article is to examine how to respond to and change the field of urbanization. Creating dwindling new opportunities and challenges for globalization, new sector introductions and agricultural dominance. In relation to changing trends in urban and rural environments, people's preferences are very diverse and their lives are changing. The difference between a big city and a small city can test different lifestyles. It is a fundamentally important infrastructure personality insurance system (both cities), important from the point of view of larger cities and very different from small towns in terms of quality. The benefits of small towns can be a unique lifestyle and a healthy lifestyle, which can certainly be felt. Among the different characteristics of urbanization in developing and developed countries, we can mention the different time course and magnitude [1]. Namely, in developed countries the urban explosion has taken place for a long time and with fewer people than in developing countries [2]. The rate of urban population growth in the latter group will be 4.04% between 1950 and 1975, 3.6% between 1975 and 2000, and 2.4% between 2000 and 2030. The Earth and all of humanity are facing many challenges these days, and this trend will continue in the future. The planet's overpopulation and changing eating habits put great pressure on agriculture and the countryside. Research focused on the countryside focuses on analyzing the various functions of rural areas.
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Servant, Ethical and Authentic Comparative Analysis of Leadership Styles in the Light of the Challenges of the BANI World
1-10Views:32In a globalised and accelerated economy, managers are under increasing pressure to reconcile organisational goals that are independent from human being with the reality of human relationships. The human being, as a being with intellect and senses striving towards happiness, is the focus of positive leadership styles and is their major concern in the field of management theory. In this article, three such positive styles, authentic, servant and ethical leadership principles and their operating conditions are compared using international literature. The literature time span of about two decades shows that the evolution of the ethical leadership literature has slowed down, while the authentic and servant leadership literature has continued to evolve and is still evolving today. The comparative table that appears in this study highlights both commonalities and distinctions, in that, in addition to high moral and ethical standards, the authentic style focuses primarily on the person of the leader, the ethical leader on the ethical standards of the organisation, while the servant leader focuses on the development of the well-being of the subordinate, the other person, even through self-sacrifice. We intend to use the results of this research to investigate measures of positive styles, preparing the scientific ground for future primary empirical field studies.
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Use of ANSYS Software for the Acetabular Cup Structure Analysis out of the Hip Implant
1-6.Views:344Modelling the hip implant has been one of the most important researches over the past few decades. In addition, using the ANSYS software for this purpose is well-known procedure to understand the real reaction of the hip implant parts during the daily life of the installed part. This study is to focus on the practical part of the use of ANSYS software to analyse the performance of the hip implant through the feature of structure analysis available in the ANSYS. The research applies the static loads behaviour only with the help of the static structural analysis to view the advantages and the disadvantages of every design, which helps us estimate the implant’s behaviour. The study investigates the optimization of the acetabular cup using the lattice optimization along with the infill option available in the ANSYS software in order to optimize the stress and the fixture of the cup inside the pelvis.
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The Empirical Examination of Different Customer Types
92-100Views:130The proper knowledge of customer types is essential for a well functioning company – regardless of its size. In current research we wanted to identify and characterize the particular customer groups with involving 302 persons. During the examination we measured the attitudes of these participants with the help of a statement range based on Kotler’s classical customer types. For the identification we made factor- and cluster analysis, and we could separate five different factors. They received the names of Angry, Definite, Discursive Passive, Experience Shopping and Indefinite - based on some related statements. After the cluster analysis – along these factors - we could separate four different groups: Young Impulse Shoppers, Outspoken Definites, Negatives and Born Customers. Each and every group requires different communication, sales attitude and service morals.
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Y Generation and the Job Seeking
490-501Views:1297Generations Y and their expectations have caused many surprises for employers. They are different compared to their predecessors. Millennials were born in socialism in our country, but they did not experience from it so much, because they grew up in democracy. Their main feature is that they are openminded to opportunities, and they learn quickly modern technology innovations. They have a strong self-conscious, and are highly proactive. They prefer forms of atypical work, because they can carry out their work anywhere in the world due to the internet access. It is very important for them to keep the work - life balance. These properties have overwritten the conventional management methods, such as conventional recruiting techniques. This paper examines the main job seeking features of the Generation Y based on an empirical research.
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Link between Corporate Philanthropy and Corporate Financial Performance: Evidence from Pakistani Textile Sector
1-12Views:128Literature highlights the immense potential of Corporate Philanthropy (CP) for generating social and economic benefits. The debate on economic benefits align corporate philanthropy with the business bottom line arguing that it can be a significant determinant of corporate financial performance. This research is intended to extent this debate by providing sector specific perspective through analyzing the sample of Pakistani public listed textile companies. Results of the study show that corporate philanthropy has a significantly positive relationship with Return on Assets (ROA) but with Return on Equity (ROE) the relationship is found to be insignificant. The previous year’s financial performance moderates the relationship between CP and ROA but the interaction effect for ROE is insignificant.
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Proposition of Enhancing the Significance of Green Infrastructure in the Smart City Concept
1-22Views:214The aim of the paper is -in accordance with the goals of the research team called „ Sustainable Integrated Settlement And Regional Planning” within the project EFOP-3.6.1-16 – to compile a comprehensive expert material on smart city. In accordance with my personal assignments within the teamwork, I studied first of all how sustainable urban water management issues are managed in the corresponding smart city documents, how the smart city concept which is evidently one possible way of sustainable urban development involves the strategy of sustainable stormwater management along with the elements of green infrastructure which are the inevitable segment thereof. The basis of the study were Hungarian official methodological guides and one university textbook published so far in the topic. Contrarily to the expected results the two notions of smart city and sustainable urban water management are not harmonized despite their common overall goals. Therefore I make a few suggestions in order to harmonize to some extent the criteria and indicators developed for the two notions - smart city and sustainable urban water management including green infrastructure - promoting sustainable cities. The overall goal is to ensure that green infrastructure is not neglected while smart cities are realized.
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Topology optimization and rim design
92-101Views:270A 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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Microbiological and Chemical Investigation of Drinking Water Samples on the Operational Area of Pannon Víz Zrt.
151-160Views:210In 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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The Role of Renewable Energy Sources in Energy Production and Use
678-688Views:304The role of renewable energies in energy management is growing both in the European Union and in Hungary. The use of renewable energy sources is already quite large (transport, heating, lighting, etc.) and it is advisable to deal with these energy sources in the year 2020. The use of energy from renewable sources can reduce greenhouse gas emissions and reduce dependency on the continuously problematic oil and gas market. A review of energy data over the last 10 years shows that renewable energy sources are playing an increasingly important role in the European Union. I support this finding by the fact that the share of energy from renewable sources in gross energy consumption has almost doubled in the last few years.
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The Role of Health Protective Effect in the Food Purchase of the Population
181-189Views:107In our homecountry just like in other developing countries, civilization diseases can be realized not only as individual costs but also through social security expenditures and from the expenditure side of the national economy. The main risk factors for the spread of civilization diseases include inadequate food consumption, lack of physical activity and genetic conditions. The topic of this research is the role of health food in daily nutrition and in buying food for the population, which addresses current issues and concerns as described above.
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Consumer Perception of Electric Cars in Hungary – Theoretical Considerations and Empirical Results
1-23Views:344Electric 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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Effect of the Changes in Bulk Density and Granulometric Properties on the Strength Properties of the Moulding Sand Mixtures
116-122Views:156Foundry technology uses a lot of several natural materials. Sands use for preparing mixtures whereby making moulds or cores. Sand is defined as a granular, refractory major portion of mixture (90 – 98% in dependence on used binder). Sand properties depend on it has chemical and mineralogical composition; mainly particle size distribution and shape of grains and its size and sand surface texture. A comparative measurement of two quartz sand with different surface quality was carried out. Greensand mixtures were prepared to measure their permeability, compressive strength and wet tensile strength. The strength of sand mixtures has two main components. One of them is the cohesion of the binder; the other one is the adhesion between the binder and the foundry sand. The aim of this research is to determine the ratio of cohesion and adhesion within the strength values.
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Comparative Analysis of the Notes on the Accounts Of Information-Technology Servicing Companies in Hungary
186-194Views:198In 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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The Comparative Analysis of the Microbial Communities of Activated Sludge
87-101Views:145The composition of the microbial communities in the activated sludge was thought mostly chaotic and unpredictable, but due to the new studies and breakthroughs in the past decades, now it is known that specific, accidental and non-accidental factors are responsible for the structure of the microbial community. The aim of the study is to compare the microbial communities of activated sludge of one large and two small wastewater treatment plants. During our research 14 months of data were processed. After the sample analysis and data processing, the diversity and seasonal changes of the community structures revealed. The results of the statistical analysis show that the larger system has more diverse community structure.
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Controlling a Wind Instrument with the Help of PROFINET Industrial Protocol
123-128Views:76Nowadays, the industrial communication networks are the one of the most important research area in advance control systems. It is necessary to think about controlling tasks at system level instead of local solutions. There are different types of protocols developed for communication between industrial controlling devices.
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Relationship between the Lean and Agricultural Companies
370-381Views:172Eliminating 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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Situation Report of European Club Football (2017 – 2019)
61-71Views:254The most professional and profit oriented sector of the sports industry is football. International summary analyzes of the sector show a steady increase in revenue over the last 20 years. Yet the real turning point in terms of the profitability of European club football was in 2017, when the aggregate result of the clubs playing in the top European leagues were realized as a profit. However in recent years, the sector has faced serious competitors. The esport industry draws attention to itself with the growth rate of the base of its’ followers and related revenues. Also the fitness sector outperformed the football sector in 2019. In this article I reviewed european football between 2017 and 2019, in order to explore the characteristics of the football sector, to ascertain its revenue-generating capacity, its change in its revenue structure, and to answer the questions that if this sport will maintain its dominant position in the European sports market. My research method was document analisys of annual reports published by UEFA and Deloitte, which allowed me to examine data from more than 700 clubs in 55 countries. In overall it can be stated that the european football industry is maintaining it’s position, but it should allocate resources to stabilize its follower base instead of fearing the endagerment by other sports.
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Labour- or Talent Shortage? – Exploring the Conceptual Differences for Effective Practice
180-190Views:303Regarding the issue of unemployment, a number of researches have been done at national level. Deliberately, public awareness has a particular emphasis on this situation from employee aspect. However, from the labour market point, the issue of labour shortage has just as serious consequences like unemployment, although its extent is detectable mainly at employers side. Nowadays, employers are negatively affected by the very nature of labour shortage, and the issue of talented shortage became the most sensitive issue. It has a prominent importance to distinguish labour and talent shortage. Despite the fact that these phrases are frequently used as synonyms these have different meanings. The aim of my research is to determine main differences between labour and talent shortage by seconder data to help in correct use and understanding at organisational level.
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The presence of stress and leisure sports in the life of today’s people
74-86Views:556Today's people are extremely busy with a lot of things, such as work, family, learning, so they try to spend their free time with activities that promote them in relaxation, reassurance, recreation. It can be said that the people of today's world are burdened, more stressed and nervous, trying to do the best they can to live properly. A lot of people have a hard time communicating, community life. There are a lot of people who are forced to work from home, as projects and weeks' deadlines don't wait. Besides, there are many things to be done, children need to be dealt with, you have to have fun, you have to pay attention to health, you have to run a household, etc., so there is little time for people to do what they really love. In my research, I assessed the leisure habits of the inhabitants of Romania and Hungary, but their attitude to active reclamation activities (N=273) was their activity in sport. The results show that passive leisure activities (watching TV, reading, listening to music, internet) are still the most popular among people, although most of us do sedentary work. People who play sports in their spare time felt more refreshed, and they had a better mood, more positive. The sports that people can play outdoors and in parks come to the fore.
