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• Transaction Costs: A Conceptual Framework

  131-139

  Allam Yousuf

  Views:

  898

  Transaction 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.

• Improving the Work Breakdown Structure of the Plant Installation - Case: Asphalt Plant

  174-187

  Said Abujudeh

  Views:

  363

  The improvement of the project management forced the industrial organizations to focus on using the project management techniques in their industry, to plan and control the workflow to achieve their targets, further to increase the satisfaction of their customers. One of the most common project management tools are used is the work breakdown structure (WBS), which provide a framework for the implementation of the project scope including project planning, scheduling, monitoring, control, and estimation. Depending on the top-down approach the project activities will be broken into smaller parts that can be measured and controlled during the project implementation. The well-defined construction of the structure contributes to making the project more realistic and visual. However, the misunderstanding of the project WBS among the project team creates deflection and misinterpretation of the project scope. The main issue of this research is to improve the WBS of the installation plan and develop a standard WBS for plant installation. The research was limited to Asphalt plant installation WBS as a case study to identify the weaknesses of the current WBS at the case company which leads to extra installation time and cost. The research is offering a template WBS based on the company logic, defining the frequent risks that affect the plant installation based on the WBS and suggesting a suitable response strategy by recommending a control framework to monitor and control the WBS schedule throughout all installation phases.

• Survey of the Dynamic Modeling Methods of Light Vehicles

  723-727

  Krisztián Deák

  Sándor Hajdu

  András Szántó

  Views:

  223

  Vehicle dynamics models can be classified into two groups based on the model simplification. There are simplified models based on neglections, these models do not contain all body directions: longitudinal, lateral and vertical directions. There are several reasons for the simplification: control, estimation and analysis methods can be used only with simplified models, or another reason is the computational cost. Apart from simplified models, there are detailed/truth vehicle dynamics models which aim is to provide a virtual plant of the real vehicle for virtual prototype-based development. In this paper, some simplified vehicle models are presented, after a short introduction.

• Efficient removal of salts from the residual dross of aluminium melting

  259-269

  István Illés

  Hanna Zakiyya

  Tamás Kékesi

  Views:

  127

  A residual dross of high quantity and high salt content arises from the hot (thermo-mechanical) treatment of the primary dross generated by the production of aluminium alloys from scrap. It contains a relatively low concentration of metal (5 – 10 %) but a high amount (30 - %) of chloride salts and some other components beside the oxide matrix. Due to the components dissolved in or reacted with water, this industrial residue - arising in thousands of tons also in Hungary – qualifies as hazardous and causes a real burden to the environment. According to the laboratory experiments aimed at an economical technology, the chlorides are dissolved within a few minutes when a liquid/solid ratio of 1:1 cm3/g (water volume:sample mass) is assured with an intensity of the horizontal shaking to prevent sedimentation. However, the filling ratio of the vessel also appears to have an effect. An implementation of relatively low cost would allow the recycling of the salt and the application of the final residue for alternative purposes.

• Business Process Development with the Application of Simulation Technique

  109-118

  László Pusztai

  Balázs Kocsi

  István Budai

  Views:

  150

  The object of our work to increase production efficiency with the use of cost-efficient development tools at a Hungarian small enterprise. We apply data gathering techniques besides process modelling and diagnostic methods to reduce the total process time of the assembly process so as to induce cost reduction in the production. In this respect we investigate and rank root causes of wastes by cost-effective process development tools, like timebased FMEA (failure mode and effects analysis) as well as the 5 whys method. With the use of Monte-Carlo simulation companies can evaluate the change in the process, therefore, they can decide whether they want to carry out corrective measures or not. The accomplished changes can generate increasing competitive edge in the long run.