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Supplier Evaluation Schemes in Case of Different Research Frameworks
617-624Views:144Performance evaluation is not only important in employer and employee relationships, but also in partnerships between a supply chain’s members. In order to satisfy customers’ needs according to the 7 Rights of logistics, all members of the given chain have to perform properly. To ensure the best performance, supplier evaluation can act as a starting point. Besides continous feedback, supplier evaluation plays an important role in performance development of suppliers. The aim of our research is to develop and introduce innovative supplier evaluation models, which include the advantages of traditional and electronic supplier evaluation forms. In addition to this, these models are visualised, making it easier to understand expectations and information. In this study, the aim is to present two different models the PaTeNt©- SESC (Pató Tetrahedrons of interNational Theory - Supplier Evaluation of Supply Chain) and the Douple Evaluation Platform, based on previous research.
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International Financial Reporting Standards Convergence Process for Small and Medium-Sized Entities
1-12Views:165The "International Financial Reporting Standards (IFRS) Convergence Process for Small and Medium-Sized Entities (SMEs)" seeks to address the unique challenges and requirements faced by smaller businesses in adhering to international accounting and reporting standards. This initiative recognizes that SMEs operate in diverse economic environments and have distinct financial reporting needs compared to larger enterprises. The primary purpose of this convergence process is to enhance the relevance, accessibility, and practicality of IFRS for SMEs, fostering consistency in financial reporting practices across global markets.A project to create accounting standards appropriate for small and medium-sized businesses (SMEs) is being worked on by the International Accounting Standards Board. This abstract provides an overview of the convergence process involving International Financial Reporting Standards (IFRS) for Small and Medium Sized Entities (SMEs). With the global landscape of financial reporting constantly evolving, the integration of IFRS tailored specifically for SMEs marks a pivotal transition towards harmonizing financial reporting practices. This paper examines the essential elements and implications of this convergence, addressing the challenges and benefits faced by SMEs as they align with these international standards. The analysis delves into the driving factors behind the convergence, including the necessity for a unified and transparent financial reporting framework, aiming to facilitate comparability and accessibility of financial information across borders. Furthermore, the abstract discusses the potential impact on SMEs' financial reporting quality, decision-making processes, and access to capital. Through a comprehensive review of the convergence process, this abstract seeks to contribute to the understanding of the significance and implications of adopting IFRS for SMEs, thereby providing valuable insights for practitioners, regulators, and stakeholders in the financial reporting ecosystem.
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Quality Development of a New Type Pharmaceutical Formulation
112-127Views:210The aims of companies to understand internal and external customer demands in order to improve their existing products and develop new ones. Product development aims at understanding customer demands that may influence the production of the product to be manufactured. As a first step in the process, the customer voice method was used to define demands with measurable parameters. A questionnaire survey was used to prioritise them, which were then compared and ranked using a preference matrix. Within the QFD method, technical parameters influencing the satisfaction of customer demands were determined. A correlation matrix was established and the relationship between the technical parameters was investigated. A competition analysis of technical parameters and customer demands was carried out. From the absolute and relative weights, it is easy to establish the order of the technical parameters, so that the most important parameter in terms of meeting the defined customer demands is the determination of the ratio of raw materials, and important parameters are chemical stability, pharmaceutical formulation and particle size.
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The Impact of a Coronavirus Epidemic on China’s Public Debt Ratio Growth
151-159Views:247Public 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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Trends and Challenges of Databases
71-75Views:71The database management, using relational databases, is part of curriculum in the Hungarian high schools. The aim of this paper is to present how we can show for students the challenges facing data processing, data retrieval, beyond the relational database management taught in high school.
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Organisational Culure and Academic Performance of Technical Management BSc Students
1-11Views:138Our study analyses the connection between perceived and ideal organizational cultures and academic results. A modified, self-managed OCAI questionnaire was used to measure perceived and ideal organizational cultures among engineering management students of the University of Debrecen Faculty of Engineering (N = 114). Our results reveal weak positive linear correlations between academic performance and perceived or ideal level of clan culture. In case of other culture types we did not find any consistent relationship. Based on our results students who consider clan culture ideal can expect better results than those who prefer other types. Among students who visit at least 61% of the classes those who reported fitting (or better fitting) perceived and ideal cultures tend to perform better in their studies.
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Most Effective Management Style for Modern Workplace
402-411Views:3334There are managers who are coaches, who are democratic, who are dictatorial and those who are consensus builders. All styles come with positives and negatives, many managers employ a combination of all to make progress. Ultimately, the managers that have the most successful teams are the ones who help each individual member of the team to grow. To manage the best way possible, you need to be strict but gentle and, employees will probably feel good and happy in a medium where inclusivity is a need. Balance in the work environment is imperative for empowering employees from all background to feel certain about their potential and accomplish their best. The higher the self-esteem, the more beneficial the employees are. People from different background can offer variety of abilities and experiences, aptitudes and encounters that might be of advantage to the organization and their work execution. Although some hybrid of aptitudes can be gainful with regards to helping each other, a mixture of skills and abilities among the group likewise implies that workers can gain from each other. By working nearby individuals of various backgrounds, experiences and working styles, creative ideas can be conceived then discussed among each other and offering feedback and proposals. Though one individual might be extraordinary at out of the box thoughts, another individual may have the important experience to execute it; so it is fundamental to play on every individual's skills, abilities and work together within the group.
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Classification of Economic Activities in Colombia According to Workplace Accident and Disease Rates Using a Data Clustering Algorithm
44-55Views:104In 2002 the Colombian Government issued a classification of economic activities according to their level of occupational risk, taking into account the International Standard Industrial Classification of All Economic Activities (ISIC). Since 2008, the federation of Colombian insurance companies (FASECOLDA) has gathered data related to workplace accident and occupational disease rates reported by companies with employees affiliated to the legal labour system. In this study, economic activities have been categorized according to the average rates of workplace accident and occupational disease presented between 2008 and 2016, using some techniques of the Data Clustering Algorithm. The purpose of this research is to evaluate the current classification system, and propose recommendations for a new approach, taking into account the analysis of historic data available.
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An Analysis of the Leisure Preference System of Students with Disabilities in the Light of a Study
98-115Views:671With the increase in the number of disabled people and people with disabilities, research on the target group of people with disabilities has gained momentum in recent decades. Research is very diverse, looking at the labor market situation of people with disabilities, their leisure-time habits, or the factors that support and inhibit their sport.
In our questionnaire research, the leisure and sporting habits of children with disabilities aged 8-18 are described and analyzed (N = 639). Data were processed with spss software, where basic statistics and contextual analysis were performed. The results confirm that passive activities (TV, listening to music) dominate the leisure activities of children with disabilities. Sports consumption (active and passive) was more prevalent among male respondents and less prominent among girls. In the motivation of sports, besides improving the state of health, entertainment and company appeared.
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Investigation of the Luxury Yachts Condition and Their Maintenance
95-105Views:147Surveying the condition of yachts and their maintenance is of great importance for their functionality and efficiency. Finding the right approaches, expertise at different levels, design benchmarking are essential for all yacht maintenance and security, resulting in crew and passenger safety. This report presents an evaluation and expertise in a real environment and documentation of decision-makers for the strength and functionality of a luxury motor yacht. For a good understanding of the problem, detailed photographic material has been documented showing in detail the required technical corrections. The research would be of interest to a wide range of yacht design and industry professionals, academic and research representatives, yacht users and all interested stakeholders.
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Utilisation and Quality Management of Power Plant Fly Ash
329-337Views:172Over the past decades, both the residential and industrial energy demand has increased due to the continuously growing consumption and production. As a large share of the electricity is still produced using fossil fuels, the utilisation of the by-products is a contemporary and pervasive issue. Fly ash is generated in large quantities in coal-fired power plants and has been proven to be an appropriate raw material for various industrial uses. Among others, it is applicable as an additive and lightweight aggregate in the cement and concrete industry, can be used for CO2 sequestration, glass foam production, catalyst production, or as a base material for geopolymers, as well. Geopolymers are inorganic polymers produced via the reaction between solid alumina and silica containing or alkali silicate materials in alkali media. Due to their numerous advantageous properties and wide variety of utilisation possibilities, research on fly ash base geopolymers became widespread topic. The quality of fly ash is determined by technical requirements, and the degree of quality control requirements depends on the final use. In certain fields of applications, standards and regulations have already been created to ensure the consistent quality of the final products made from fly ash, e.g. in the cement and concrete industry. There are various methods for fly ash processing, however, the methods to achieve the necessary properties are not standardised.
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Analysis of Construction Risks
1-10Views:124The article from a longer, in practical working risk management theory and general methodology, as well as the circumstances of the construction projects for bridging study assumed abyss has been created based on the instalment. The emphasis placed on construction projects risks typical data resources, project planning methods. Construction risks and the risk management methods dealing with a separate study.
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The Situation of Digitization in the Hungarian Food Processing Industry
196-209Views:355Thanks to various technologies, such as nanotechnology, the next decades will completely transform the individual production processes and sectors. With the rapid advancement of information technology, the digitalization and automation of industrial processes pose new challenges for food business operators. Hungarian food companies will be able to keep up with their competitors and be the winners for the next decades if they can successfully adopt these technologies. However, this requires a strong focus on digitization, digital strategy, and directing investment, technology change and R&D activities in this direction. Digitization is one of the decisive directions of the future, which is why I felt it essential to study the level of digitization of Hungarian food companies, IT infrastructure and Internet usage, the use, and role of enterprise management systems, decision support and business analysis tools, and business readiness, Industry 4.0 technology change. Based on the 205 evaluable responses to the questionnaire, it can be said that only a tiny proportion of Hungarian food companies have a digital strategy and only a few have digital transformation.
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Labor market effects of health promotion on human capital
591-602Views:462Today, workplace health promotion is increasingly present, both domestically and internationally. In my research, I used literature analysis to show how workplace health promotion programs, including physical activity, how affect employee earning capacity and productivity. Human capital is a significant factor in productivity. Human capital can be defined, that the human inner, inseparable features and characteristics of a person to which is invested and, as a result, increases the productivity of the individual. Investments can include health spending (health promotion programs), costs of extra-curricular lessons and time to find the ideal job.
I’ve been used secondary data collection during my research. In my research I have reviewed the source of literature on health promotion and physical activity primarily. After reviewing the literature, consequence of the research that investing in health, including investing in physical activity, it also contributes to improving health, as well as increasing life earnings and productivity at work.
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Value Creation along a Production-Service Value Chain
91-99Views:124Today’s products and services are so complicated and intertwined that their individual value creation is hard to determine. It is especially true when the products and services are necessary complements of each other and when they are affecting customer satisfaction for a long time. In the case of durable products needing professional installment service, the study of value creation poses many difficulties. Our research shows and emphasizes the process characteristic of value creation, and how the different steps (production, service, long-term use) should be looked at, and what further analyses can be done.
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The use of Partial Least Squares to define the Characteristics in the Environment of Higher Education Institutions and their Effects on Entrepreneurial Academic Education, a case study: Torreon, Mexico
1-14.Views:81Because university incubators have a favorable effect on student’s entrepreneurial intents, Higher Education Institutions (HEIs) are essential to the delivery of entrepreneurship education. By analyzing the perceptions of students who received master diploma in management-business fields in Torreon, Mexico in 2021, the aim of the research is to identify the internal and external aspects of the HEI environment and their impact on entrepreneurial education using Partial Least Squares methodology with the help of the SmartPLS software, 156 responses from the statistical tool provided 120 responses. Three of the original hypotheses were confirmed, while four variables—two associated with HEI ecosystem external factors and two with entrepreneurial education elements—had to be removed since they were not accepted. The findings will lead to a better comprehension of the elements influencing master students' entrepreneurial perspective to create stronger relationship with elements of the HEI ecosystem.
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Floodresc – Disaster Management in case of Flooding in the Hernad Watershed
181-187Views:96The aim of the Floodresc project is to develop a GIS based decision support system that can help the defense and rescue operations of the Disaster Management Directorate during any floods in the Hernád River. In the project, a geospatial database covering the entire river basin, a modeling application for predicting the extent of flooded areas in time, and a logistics model supporting defense-related transportation tasks will be developed.
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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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Food Security and Economic Growth: An Income Level Comparison
16-29Views:175Food security is a fundamental but often neglected aspect of economic growth and sustainable development. This paper examines the effect of food security on productivity (GDP/capita) over time, while taking the income level of various countries into account. Dynamic panel regression analyses suggest that food security is positively related to productivity, but this effect is stronger in more developed countries. The study highlights the complexity of the economic problems faced by the least developed countries, where increasing the consumption and supply of food is insufficient for significantly increasing economic performance.
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Evaluation of the Factors Defining the Relationship Quality in Respect of the Customer-Supplier Cooperation
589-601Views:152The importance of the examination of customer-supplier relationship is growing on the field of supply chain management. Besides the fact that the researches in the topic of business relationship marks the quality of the as the crucial element of effective cooperation, still it can be identified as an unidentified area knowing that there is no agreement in the defining dimension. In the center in this dissertation are the dyadic business relationships. The main aim is to support the hypothesis that trust, dependence, conflict and personal relationship between the members of the supply chain are the crucial elements of the cooperation of the members of the chain and by that, they can be the defining elements of the relationship quality .As the results of my Primer research, I describe and reveal the previously mentioned dimensioned relevant for the customer and suppliers relationships in the microbusinesses producing fruits for the national, fresh market, how the good business relationship contributes to the company to reach its main goals and increase its competitiveness on the market. Based on my research, it can be stated that trust, dependence, conflict and personal relationship are the defining factors of relationship quality, moreover my results prove the fact that relationship quality contributes to the increase of the performance of the contributors.
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Company Valuation of an Entity Operating in International Accounting Environment
320-331Views:565Company and asset valuation plays a major role nowadays. Determining the company’s value is a key factor for management in appropriate decision making, and it is a necessary step for individuals who wish to invest and for investors. There are numerous models which utilize different methods for company valuation. In our study we based our valuation on the McKinsey model for a company in an international accounting environment. In the study we present the main attributes of the McKinley model, its structure, which includes the main steps of valuation. We put a special emphasis on the calculation of free cash flow, future balance sheets and profit and loss accounts anticipation as well as future turnover, which highly influences the changes of data in the future reports thus in the company value. The McKinsey model is a discounted cash flow model, in which the company value and the consequent future cash flow can be determined as present value.
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Exploring the Role of Emotions and Moods in Decision Making: Study on the Use of Structured Decision Approach and Intuition
140-149Views:359Emotions and moods can play a significant role in the decision making. The present paper contest this point by providing evidence on the two important approaches used in decision making that is structured decision approach and intuition. For this purpose data was gathered from 150 respondents in two different groups. Chi square test, independent sample t-test and logistic regression analysis were used to test the hypothesis. The results of the study reveal that individuals with positive and negative mood state vary significantly in their use of structured decision approach and intuition. The individuals with negative mood state are more likely to use all steps of structured decision approach as compared to the individuals in the positive mood state. The results of the study further reveal that the individual’s emotional state significantly predicted the use of structured approach and intuition in decision making.
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The Legal Aspects and Challenges of Managing Workplace Mobbing
1-9Views:672Workplace mobbing (psychological harassment) can be a great challenge for the management of any organization. Although the phenomenon has been discovered for quite some time, there is still no unequivocal definition, and therefore preventive and managerial actions are rudimentary. It is clear that mobbing affects not only on the individual employee, but the whole organization. The reduction of commitment of people working in this environment (and not only those directly affected by it) may have a detrimental effect on the performance of the organization. I will present a legal case study to highlight some of the general and procedural shortcomings of mobbing at the workplace.
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Ethical Leadership, at the Beginning of a Research
188-195Views:294In this study I deal with the ethical leadership. I give an insight into the approaches of ethical leadership, give a literature review on the concept of ethical leadership, and introduce the measurement methods used in the most important empirical researches related to this topic. I also try to report on the first results of my research (I plan to describe features of Hungarian leaders based on a smaller sample). How does this relate to the challenges of Industry 4.0? I give the answer from the fact that, with the advent of these new technologies (which in themselves have ethical questions), among these new challenges, the focus of the manager's attention will continue to be partly on their employees. If they set an ethical example for their subordinates, they encourage their employees to act ethically, which gives the company a competitive edge in many ways, both in the product/service market and in the labor market too. So, with my study, I would like to draw the attention of executives and managers to the fact that new technologies and the human factor together bring new successes, and that one possible way of doing this is by consciously managing their company ethically and developing an ethical organizational culture.
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Comparative Analysis of Collaborative Robots
1-16Views:167In our study, we provided a comparison of four robot arms used in industry to determine the most suitable model to adopt in university education. We investigated robot arms from the following manufacturers: ABB, Kuka, Universal Robots, and Techman Robot. The multi-criteria system was grounded on the important factor and experience. Following this, each aspect was ranked using the Analytical Hierarchy Process (AHP) method. In addition, the order among the four alternatives was established by using the Kesselring method. The present study describes a selection method for industrial robots in the academic area.
