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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:116The 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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Development possibilities of Environmental Engineering Education – SWOT analysis
75-80Views:159Nowadays 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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CSR Strategy Creation
344-354Views:704The starting point for the need for social responsibility is to combat the deterioration and destruction of social and environmental values. The social and economic factors induce both society and the economy, including companies, to prioritize their social role. Corporate responsibility needs to be incorporated into the company's strategy so that it can be more planned in the long term, since CSR can thus maximize its impact, ultimately leading to maximizing profits. To be able to develop a strategy, we must first look at the broader environment to which we can apply PEST analysis, by analyzing the social, legal, polo-social and social environment. To take a closer look at the company's narrower environment, we can use the SWOT analysis to identify the company's strengths, weaknesses, opportunities and dangers. Based on these, the Hoshin Kanri method can be used to transform the company's own CSR strategy both short and long-term in order to become part of the corporate culture.
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Urban Transportation Problems and Issues in Homs-Syria: Analytical Study of the Current Condition and Proposing Future Solutions
30-42Views:305Cities in the north middle east are known for their past and old valuable heritage, with a complex master plan of each one. Homs city is Syria is one of them, it has a history dates back to 2000B.C. with a unique formation of the city. However, the urban area of Homs has a very distinctive characteristics, but unfortunately it suffers from the transportation system operated. The congested and unorganized planning process have led the city to a complete mess and disorders, for all categories of its inhabitants. This study analysis the components of the transportation system, and identifies the greatest issues and problems the inhabitants suffer from, by locating the driving forces and the causes of these issues, and generally asses the quality of the system itself. Therefore, a holistic approach is proposed to improve the transportation system, and suggests some key plans to shift the city to a higher level of development. By locating the strength points, and detect the benefits of these strength points and exploit them. By evaluating the road network and create a new system that mitigates the negative environmental impacts (emissions, noise…) and reduce the crowded gathering of inhabitants, which caused a severe stress in their daily life. Overall, an attempt of implementing a new transportation system to contribute in the development process, and opens the possibility to develop other systems of the city in a sustainable framework.
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Connection analysis of an x-zero-type helical gear pair
47-60Views:81We designed a helical gear pair, after we prepared the CAD models of the elements. Using of these models connection analysis will be done in case of the application of different torques. The established stress, strain and deformation values will be analysed on the connection tooth surfaces and the fillet radiuses in case of teeth connection.
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Was UEFA’S Goal of an Environmentally Friendly Euro 2020/21 a Success?
152-164Views:556The football Euro 2020/21 has been said to be more environmentally friendly, as it was spread all over Europe, thus no new stadiums needed to be built. On the other hand, more traveling became necessary. How does these effects behave with each other? Was the attempt to reduce emissions successful?
This paper seeks to compare the goals for UEFA 2020/21 for environmental friendliness and its success. A mixed research strategy was adopted in this paper where qualitative analysis was done on existing literature review and also quantitative approach where assumptions were drawn from literature review to estimate the environmental impact. This paper found that UEFA's initial estimate of 425,000 tons of carbon dioxide emissions in traveling for the Euro Cup 2020 was a bit higher than the actual amount of carbon emissions from our calculation of 143,531 tons. What stands out is that its findings agree with UEFA's estimate that Euro Cup 2020 emissions were lower than that of 2016 which emitted 517,000 tons of carbon dioxide for traveling. This gives a greater reason to conclude that UEFA met its goal of reducing carbon emissions. The overall carbon dioxide emissions in traveling and constructing stages were 1,275,988 tons in Euro Cup 2020 and 2,803,000 tons in Euro Cup 2016. This further affirms the overall carbon dioxide emission reduction by half in Euro Cup 2020 as compared to Euro 2016. From our findings, we can conclude that the Euro Cup 2020 indeed succeeded in reducing overall carbon dioxide emissions by half. Despite the success, this paper views that the carbon emissions are still high for a single event and hence there is room for reduction of carbon emissions to lower levels as possible. we can conclude that the Euro Cup 2020 indeed succeeded in reducing overall carbon dioxide emissions by half. Despite the success, this paper views that the carbon emissions are still high for a single event and hence there is room for reduction of carbon emissions to lower levels as possible. we can conclude that the Euro Cup 2020 indeed succeeded in reducing overall carbon dioxide emissions by half. Despite the success, this paper views that the carbon emissions are still high for a single event and hence there is room for reduction of carbon emissions to lower levels as possible. -
Economic Effect of the Coronavirus on the Companies Involved in Car and Automotive Parts Trading, and Manufacture of Tires of Hungary, Including Szabolcs-Szatmár-Bereg County, in Respect of 2020
1-12Views:217In Hungary the wake of the first wave of the Covid-19 epidemic (March 2020), caused a decline in demand for goods and services in most sectors. There were sectors (accommodation services, art, recreation, etc.), which were economically severely burdened by the imposition of restrictive measures, and there were some (financial services, communication), which experienced the change positively. In our research, our goal was to assess the changes caused by the Covid-19 epidemic in the property, financial and profitability situation of the companies involved in car and automotive parts trading, and tire manufacturing, in Hungary, and within the country, in Szabolcs-Szatmár-Bereg county. We established three hypotheses: (1) As a result of the spread of coronavirus epidemic, in Hungary and in Szabolcs-Szatmár-Bereg county as well, the profitability of companies of NAICS codes 441 (car and automotive parts trading) and 4231 (wholesale of road vehicles and parts), decreased. (2) The outbreak of the epidemic had a negative impact on the liquidity of companies established in Hungary, including Szabolcs- Szatmár-Bereg county. (3) As a result of the Covid-19 epidemic, the resource structure of Szabolcs-Szatmár-Bereg county companies, analysed in the framework of research work, transformed. To prove or disprove these, secondary research was used. Finally, we put forward conclusions and proposals for the management of the companies active in this industry.
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Correlation Clustering: Analysis of Major Agricultural Commodity Markets
288-302Views:278The 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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Topology Optimization of Acetabular Cup by Finite Element Simulation
22-34Views:422Hip replacements typically consist of a four-part piece. Our research will focus primarily on the acetabular component. Several different types of materials can be used when creating a hip replacement implant ranging from plastic to titanium. Different materials are used to accommodate for allergic reactions or circumventing potential health risks. Aside from the material, the size of the components plays a factor in terms of durability; a larger diameter head might avoid dislodgement though it could increase wear and tear on the stems through constant friction. A patient’s force applied to the hip replacement is usually measured through a number of physical assessments. Finite element analysis (FEA), a computer-based method of data observation, allows for us to accurately simulate hip forces and their impact on the hip replacements. Through this, it becomes easier to predict and calculate the performance of specific designs. Generative systems can also be used to support performance analysis and optimization through assessing a multitude of cases, many of which apply in real-world scenarios. By applying both systems, we designed and modeled an acetabular cup that when measured decreased the mass from 129 grams initially down to 52 grams, a 60% decrease in total mass. Furthermore, the design we created lessened the trauma on the piece through distributing force across the entirety of the piece rather than specific segments only. This shows an increased durability and life expectancy when compared to usual acetabular cups.
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Efficiency Analysis of Production Management System
401-415Views:207Due to the continuously evolving technology, even more escalating market competition has emerged between the companies. This competition is not only about the logistics related processes, it also appears to be significant for the production since the manufacturing companies form the center of global sale streams and without them the items found in logistical processes cannot be created. The role of production’s optimization and efficiency in the supply chain continuously grows since this is the part where a company’s most cost is produced. Our research objective was the examination of a company that applies various manufacturing, assembly technologies, and the used tools and softwares for this purpose were the SAP Business One ERP system and it’s add-on, called PPS One, the latter originated in Switzerland. We used these softwares to provide solutions to companies, especially to those that are dealing with manufacturing and production, for the optimization of their workflows, operations, supervising and controlling of their material. We also monitored from production technology’s elements the capacity planning, production orders, schedules, production tracking and cost accounting. We have made proposals during the analysis that might improve the company's strategy, competitiveness and increase it’s efficiency in business, and at the same time they can facilitate the company's pricing and inventory management activities.
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Latest Trends and New Tools Being Used in Strategic Management
73-85Views:701In today’s rapidly changing world, there is an increased need for excellent strategic planning. A firm’s survival may indeed hinge on the firm’s planning process being exemplary. Various aspects of the strategic planning process are under review today as organizations wrestle to compete more effectively in an ever-changing world. This paper reveals and describes five new trends or tools being utilized today by firms to more effectively engage in strategic planning. Specifically, the new trends and tools to be discussed in this paper are as follows: increased need to follow a strategic planning model; increased need to develop quality vision and mission statements; a new improved method for incorporating SWOT analysis into practice. Utilizing two matrices one internal and one external to provide a less biased way to access the current strategy fit with conditions facing the firm. Explain the use of a decision matrix commonly called the QSPM (Quantitative Strategic Planning Matrix) for assessing the relative attractiveness of various strategies being considered for implementation. The purpose of this paper is to familiarize readers with basic new tools and techniques being used by organizations to effectively develop an improved strategic plan for the firm.
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Visual Analysis and Geometric Modeling of Metal Foams
89-92Views:103The 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. -
Analysis of Henbuk Startup Value Using a Scorecard Assessment Method
1-12Views:152This 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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Justification for the Olympic Reform Package Based on Good Practice
Views:241The Olympic Games have always been the pinnacle of sport and achievement. The modern Olympics are held every four years, and the venue is chosen from among the cities that apply. In my research, I wanted to find out the reasons for the decline in the popularity of the Games. To answer this question, I looked at 2 successful Olympics (2000 Sydney, 2012 London) in the hope of identifying success factors that could be adapted to other host countries. I conducted secondary research, reviewed related international and national research, and the available economic data. During the document analysis, I found that the expected costs of organising the Olympic have increased significantly over the last two to three decades, and under-planning is a common feature. As a result of the research, I have found that the most important pillars of successful organisation are a proper organising committee, comprehensive opportunity and risk analysis, accurate planning, sustainability in planning, continuous cost control, private sector support, and the work of volunteers.
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Frequency Domain Analysis of Tractor Tyre Enveloping Properties
223-229Views:77Main source of vibration excitation for off-road vehicles are ground profile undulations. Most unprepared terrains are characterized by wavelength of unevenness that is of the order of magnitude of the contact length between tire and ground, so that, due to its shape and elasticity, tire actually behaves as geometric low-pass filter transforming real road profile geometry into effective vehicle vibration excitation. Since this effective profile represents real vehicle excitation, it is of interest to study this filtering behaviour in more depth. In this work, investigation of this kind of tire response has been studied for agricultural tractor tire rolling quasistatically over singular road obstacle. Frequency analysis of road excitation and tyre response was carried out in order to obtain their spectra and frequency response function magnitude of the tyre as filter was obtained by dividing input by output spectra. Final assessment of frequency response function magnitude was obtained by averaging instances obtained for different dimensions of input obstacles.
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Practice of Organizational Development in a Domestic Company
117-126Views:982In today's changing world, it is extremely important that organizations can keep up with market trends. The perspectives of continuous development are expanding and the commitment of decision-makers to development activities is growing steadily. The starting point for organizational development is always man. Organizational development always begins with deeper research and modeling. Fundamental guidelines are set out as a paradigm of development. The most important and at the same time the most difficult step is to introduce the results of the analysis. The most effective, but the most time-consuming and cost-effective solution is full organizational development. The management of the organization faces significant efforts to embark on a full organizational development process. The aim of our study is to propose different development opportunities for the company's management with the help of analysis by the organization and supported by measurable data, as well as the catalyst for the modifying efforts observed among employees.
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A Wounded Soldier Fighting on two Fronts: Civil Society Organizations Initiatives Struggling to Overcome the Pandemic Crisis by Practical Protective Means, Volunteerism, Reporting and Awareness Campaign Discourse
136-151Views:155Given the fact that the covid-19 pandemic virus has had a pervasive impact on almost every sphere of life globally, it is noteworthy to highlight the role and position of the civil society sector, and this paper intends to do so by striking at two matters. Initially, outlining the impact on the functioning and activities of Civil Society Organizations (CSOs), to then proceed with their response to the crisis, through new multifarious initiatives/activities. The analysis was developed by using, essentially, unobtrusive data and direct non-participatory observations of Non-Governmental Organizations (NGOs) in Kosovo that have had initiatives against covid-19. Although CSOs were badly affected by the pandemic as such, and the consequences it brought, whether, through measures and/or neglect from the central level, they still found the resources and willingness to launch initiatives to combat the pandemic in the form or different. All over the country, appeared organizations which among their activities found a place for awareness campaigns, material and financial assistance to citizens in need, production of masks, face shields, and other protective equipment for citizens or health institutions, and providing voluntary assistance as health staff. To link practice with theory, there are presented cases of NGOs that well reflect scholarship ideas such as the need to have a classification of CSOs based on activities, the importance of their IT repertoires, coproduction, and especially the response to the crisis. The importance of this study grounds on the benefit it brings to understanding the role and contribution of CSOs in exceptional times of crisis, especially for a society that underestimates and neglects this sector.
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„Forradalmi” változások a menedzsment területén
1-15Views:144Development of the Science and practical application of the results created big changes in the nontradicional areas too. The „Health industry” was developed. The results of the physics, chemistry, biology and mikroelektronics etc. helped to develop some new methods of diagnosis, operation etc. The „money industry” was developed too. Our opinion is, that the most important cause of the economic crisis is a non regulated well of the „money industry”. The „knowledge industry” was developed too. The „knowledge industry” contains all level of teaching and Research + Development + Innovation. Our analyze shows that the Innovation is the most important factor of the economic Development of Society. The new scientific results created big changes in area of the Management. The „Management Science” was developed as an independent area. Some management specialists developed some management methods (eg. Value Analysis, Risk Management, TRIZ, Lean methods etc.) for efficient allocation of sources.
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Material Stock and Flow Analysis within the Agricultural Building Sector Based on Local Database
297-320Views:127The purpose of the paper is to analyze on micro level the stream of building materials needed for raising cattle. The scope of the produced material flow chart will cover the inflow and storage of the materials. The overall objective of material flow analysis is to contribute to the data inventory development process which is needed to use these construction materials as secondary raw materials in the future. The assessment is based on a concrete new development in a Hungarian region being carried out nowadays as a development and modernization of an existing cattle raising farm. Driven by the concern of resource depletion, further research on higher level, based on larger database will be needed to verify the estimated national level results for the magnitude of growth of anthropogenic stocks.
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Implementation of Lean management Practices in Azerbaijan (on the Example of a Private Company)
30-40Views:90Organizations are facing crucial modifications as global market and conditions change day after day. To keep up with fast changing realities, it’s important to apply innovation decisions to the current stage of organizations. Lean management consolidates tools and techniques to revert from traditional way of operating to the new human oriented one. In the carried-out research its outlined, human resources management plays a big role in spreading and supporting lean initiatives. It was suggested that, Lean and Human resources management are compatible and should work together to obtain sustainable success by implementation of an innovation approach such as Lean. Both lean management and human resource management focus on the same goals with different methods in terms of control of businesses. All positivist approaches and practices are included in these approaches and practices, which are developed with a focus on the interests of the community, in order for the process to be concluded positively. The employee-centred management approach of human resources management is crucial to lead and maintain good environment in the teams. For this reason, in the lean management philosophy, it is aware that the corporate structure has responsibilities in terms of training the employees, eliminating their problems and supporting them in struggling with the responsibilities they undertake. This paper is quantitative, online survey has been conducted with employees of a private company in Azerbaijan and results were analysed in statistical analysis software SPSS and relevant suggestions and recommendation were given for reorganization to enable lean friendly environment on a sample of the given company.
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Analysis of Differences Between Levelling Networks in the County of Hajdú-Bihar
84-92Views:55The height determination of control and detail points is essential during the process of planning and manufacturing in the practice of civil engineering. Planning maps are drawn for the former, while the intended plan is set out on the ground during manufacturing, and after the manufacturing the completed installation is mapped. Using the same reference system in all three steps, both horizontally and vertically, is recommended even though in some cases it is unavoidable to change from one reference level to another. Regardless of the fact that both refer to the mean sea level of the Baltic Sea, this can create difficulties, since the difference between the EOMA and Bendefy networks used in Hungary shows varying values depending on the geographical location. The aim of the analysis is to determine a constant difference regarding the analysed settlements based on the common points of the networks.
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Project Risks and Risky Projects
164-189Views:317Projects are key drivers of organizational change, both their failure and success can have significant impact on the organizational performance. Risks may arise throughout the entire project life cycle. Managing these and initial project planning uncertainties is an important task of Project Management. The study describes the application of traditional project management tools and methods in risk analysis, -evaluation and -treatment based on modern project and risk management standards and recommendations. The authors also examine the link between classic project management objectives (project time - resources – scopes) and risk-based decision-making. The different scale and scope of projects call for different responses to the associated risks. The study highlights the possible role of the ISO 31000 risk management standard package in project risk management. The authors analyse the risk management of the different projects on the basis of processing relevant literature, including the relationship of the project stakeholders to the risks. R&D, agile projects and project portfolios have specific and complex risk exposures, but their project management can provide several „hidden” risk analysis and - treatment functions.
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Topology Optimization of Automotive sheet metal part using Altair Inspire
143-150Views:790In an optimization problem, different candidate solutions are compared with each other, and then the best or optimal solution is obtained which means that solution quality is fundamental. Topology optimization is used at the concept stage of design. It deals with the optimal distribution of material within the structure. Altair Inspire software is the industry's most powerful and easy-to-use Generative Design/Topology Optimization and rapid simulation solution for design engineers. In this paper Topology optimization is applied using Altair inspire to optimize the Sheet metal Angle bracket. Different results are conducted the better and final results are fulfilling the goal of the paper which is minimizing the mass of the sheet metal part by 65.9% part and Maximizing the stiffness with Better Results of Von- Miss Stress Analysis, Displacement, and comparison with different load cases. This can lead to reduced costs, development time, material consumption, and product less weight.
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Cultural diversity, Intercultural Competence, Tolerance and the Economy: a Review
98-109Views:178Cultural diversity is generally a controversial topic in the literature. Whereas some studies proved that it has economic benefits, others denied that. However, it is possible to avoid the costs related to that through enhancing each of intercultural competence, on the level of firms, and social tolerance, on the level of economies. To investigate that, the study used literature review analysis. Based on the literature, cultural diversity plays important role in enhancing innovation and entrepreneurship which are necessary for economic development. However, it may result in different challenges such as a lack of trust and conflict. Therefore, it could be feasible to manage and benefit from cultural diversity in the companies through cross-cultural training as well as cultural diversity management. On the other hand, economies can avoid cultural diversity's costs by adopting the policies and institutions which are necessary for enhancing the level of social tolerance among people.
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The Correlation between LGBTQ Tolerance and Economic Development in Europe
31-51Views:314This study analyses the relationship between LGBTQ tolerance and economic development. It uses various indices measuring tolerance and economic data of 48 European countries. Based on previous literature I outlined how economic progress is supposed to have an impact on the social inclusion of marginalised groups. Also, a number of empirical reports are cited providing substantial evidence that tolerance can too shape economic performance. The main aim of this paper is to confirm that these findings in fact hold water in Europe. Having examined the regression analysis of GDP per capita and tolerance, as well as HDI and tolerance, I found that the modernisation theory proved valid on my sample. The other component of my analysis focusing on the sway of social inclusion over FDI showed that more tolerant states attract more foreign capital. These results led me to believe that economic progress and LGBTQ inclusion are interrelated, thus the latter should be considered upon forming policy.
