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A Literature Review: Artificial Intelligence Impact on the Recruitment Process
108-119Views:13642This paper aim is to review the implementation of artificial intelligence (AI) in the Human Resources Management (HRM) recruitment processes. A systematic review was adopted in which academic papers, magazine articles as well as high rated websites with related fields were checked. The findings of this study should contribute to the general understanding of the impact of AI on the HRM recruitment process. It was impossible to track and cover all topics related to the subject. However, the research methodology used seems to be reasonable and acceptable as it covers a good number of articles which are related to the core subject area. The results and findings were almost clear that using AI is advantages in the area of recruitment as technology can serve best in this area. Moreover, time, efforts, and boring daily tasks are transformed to be computerized which makes a good space for humans to focus on more important subjects related to boosting performance and development. Acquiring automation and cognitive insights as well as cognitive engagement in the recruitment process would make it possible for systems to work similarly to the human brain in terms of data analysis and the ability to build an effective systematic engagement to process the data in an unbiased, efficient and fast way.
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Efficiency of the Machining Process of Circular Shapes by Electrical Discharge Technology
53-61Views:115Due to its high machining precision, EDM technology is nowadays very important in the production of high-precision parts for various industries. The high precision of the machined surface in combination with the ability to machine circular surfaces brings, in addition to several advantages, some negatives. The most significant negative of this machining technology is the relatively low productivity as well as the overall production efficiency. The latter is affected by many accompanying phenomena. The main accompanying phenomenon that contributes to the decline in the overall economic efficiency of EDM is the microgeometry errors that occur due to the non-homogeneity of the EDM process. Another accompanying negative phenomenon is the geometric accuracy errors of the machined surface, as a consequence of systematic destruction of the wire tool electrode, faulty interpolation in its guidance, and, last but not least, its vibration. These aspects consequently lead to the requirement for multiple applications of additional finishing cuts, which significantly reduces the overall economic efficiency of the machining process. Therefore, the experimental research aimed to search for options that can effectively help to achieve higher productivity but especially the overall economic efficiency of the machining process.
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Evaluating the Entrepreneurial Performance in South America. Case of Chile
13-28Views:134The research objective is to explore Chile's entrepreneurial landscape by assessing individual characteristics and institutional factors through a 'pillars' framework and compare it against Colombia, and Brazil; to identify socio-economic, individual, and institutional differences using the Global Entrepreneurship Index (GEI); to apply bottleneck approach to highlight areas requiring policy intervention. GEI features individual and institutional stage variables in a method where every variable collaboratively interacts, incorporating 14 foundational elements and three sub-indexes: attitudes, abilities, and aspirations. Ranking 18th on the GEI globally and the best in Latin America, Chile excels in key entrepreneurial pillars, showcasing strengths in innovation and a robust entrepreneurial culture. Brazil closely rivals Chile in competition and networking, emphasizing political and economic influence. Colombia surpasses Chile in internationalization and growth-stimulating policies but faces challenges like historical conflicts and wealth distribution. This study identified areas where immediate policy intervention may be necessary by examining Chiles's entrepreneurial ecosystem. The Penalty for Bottleneck (PFB) technique identified the weakest pillars highlighting process innovation, competition, and internationalization. The primary component identified as a bottleneck for resource allocation is Process Innovation, accounting for 73% of the allocation, followed by Competition at 23%. The findings show that allocating more resources to process innovation may improve greatly the overall GEI score.
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Examination of Infrared Tomato Drying
303-309Views:101Tomato is a highly perishable food, thus preservation is required to meet the continuous market demand compared to the unbalanced yearly production peak. The aim of this paper is to show a detailed insight into infraradiation based drying process. Furthermore, to widen the possible usage range of a well-known approximation method for describing the temporal moisture variation in function of process parameters. The mass decrease of tomato slices was examined, in function of specific radiation power, heat source and sample distance, in forced and natural airflow. Based on the results dimensionless moisture ratio change over time was fitted as an exponential function, which may be used in industrial drying process optimization.
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Numerical Modelling and Simulation of Sheet Metal Forming Process
1-6.Views:163Simulation and modelling of sheet metal forming process are well common today in different industries (automotive, aerospace) and several research centers regarding its huge impact for both on production and reliability of the lifecycle of the equipment, and the quality of the product. However, to obtain the best configuration possible with the inputs parameters to achieve high level of production and increasing the durability of the tools needs some extra methods for the optimization for this problem using mostly finite element method cooperated with iterative algorithms based on Artificial Neural Network (ANN) [1]. Whereas this research is focused on modelling of stamping process of stainless steel AISI 304 to investigate to formability of the material, and studying the influence of the friction factor on the quality of the product as well the energy required for each set configuration.
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Business Process Development with the Application of Simulation Technique
109-118Views:169The 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.
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International Financial Reporting Standards Convergence Process for Small and Medium-Sized Entities
1-12Views:285The "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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Product Assembly Process Improvement of Agricultural Cultivator Trailers
59-62Views:93The aim of our paper is to increase production efficiency of a small and medium sized enterprise by
applying cost-effective process development tools. The existence of the firms depends on their business processes,
because optimally-organised process is a key in the run of business (business run) in a productive way. In order to
keep and grow the competitive edge with the competitions, firms must supervise their processes with constant
frequency, and if it is needed, procedures must be developed. In this case, company can resort to both human and
physical resources. Our experiment focused on the development of an assembly process at a small sized enterprise.
Applying process modelling techniques, and diagnostic procedures, and also data gathering methods we try to get to
define corrective actions, with which the whole lead time can be reduced by 50%. For investigate and rank waste we
use failure mode and effects analysis and 5 whys methods. -
Application of Topological Methods in the Development of Vehicle Components
67-75Views:106Many areas of the industry are characterized by continuous changes, which define new directions of development in product design. The development of computers and software, the spread of modern production tools and the development of material technology make it possible to expand traditional production technologies with modern processes. Integrated CAD systems have occupied their place in the product design and development process for decades, reforming classical design methods. Popular optimization procedures in integrated CAD systems, such as shape optimization, topological optimization and the new generative design process, provide effective solutions for design engineers in more and more industrial application areas. Experience shows that modern design methods can be used in many areas of industry. The appearance of metal powder printing and additive technology make it possible to test the designed prototypes or even to produce the final products. The following article aims to support the above with the help of a case study.
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Urban Transportation Problems and Issues in Homs-Syria: Analytical Study of the Current Condition and Proposing Future Solutions
30-42Views:339Cities 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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Manufacturing Process Optimization and Tool Condition Monitoring in Mechanical Engineering
72-89Views:194The optimization of manufacturing and production processes with various computer software is essential these days. Solutions on the market allow us to optimize and improve our manufacturing and production processes; one of the most popular software is called Tecnomatrix, which is described in this paper. Tool condition monitoring is a vital part of the manufacturing process in the industry. It requires continuous measurement of the wear of the cutting tool edges to improve the surface quality of the work piece and maintain productivity. Multiple methods are available for the determination of the actual condition of the cutting tool. Vibration diagnostics and acoustic methods are included in this paper. These methods are simple, it requires only high sensitive sensors, microphones, and data acquisition unit to gather the vibration signal and make signal improvement. Extended Taylor equation is applied for tool edge wear ratio. Labview and Matlab software are applied for the measurement and the digital signal processing. Machine learning method with artificial neural network is for the detection and prediction of the edge wear to estimate the remaining useful lifetime (RUL) of the tool.
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Design of Manufacturing Process of Mould for Die Casting by EDM Technology with the Computer Aided
57-63Views:211At present, we cannot imagine a modern production process without computer support. At the same time, its integral part is the implementation of advanced and highly sophisticated production processes and technologies. Their aim is first and foremost to ensure quality production of products with high economic efficiency of the production process. EDM technology is one of the currently active progressive technologies. This is a technology that in practice is characterized by high product quality. The high quality of products not only through this progressive technology, but also other, whether conventional or progressive, is difficult to achieve without computer support. The aim of the paper is therefore to demonstrate the process of manufacturing a die-casting mould using progressive EDM technology using computer support.
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Analysis of Activity Times in the Process of a Wooden Box Manufacturing
475-484Views:140The main target of companies is to earn money and achieve profit. In order to fulfil these needs, companies have to reduce their costs. Cost reduction is often associated with bad quality products, but it could be done in a different way. Sometimes it is enough to examine only their own processes and then benefit from the process optimization, process improvement or process scheduling. In this article a case study is presented, in which the differences in a production scheduling are evaluated with the application of Monte-Carlo simulation and descriptive statistics. At the end of the paper the most efficient material sequence is selected at the manufacturing company by using weighted sum model
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Finite Element Analysis of Cellular Structures Using Ansys
197-204Views:236Additive manufacturing (AM) is a process in which the product is composed of overlapping layers of a material that is added using devices such as 3D printers. Its process has been evolving for decades and nowadays it can be used for several applications and with different materials. One modern usage is for medical and dental purposes. Since it became possible to print metal, it has been a good solution for bone implants, once it must be done with biomaterials and can now replicate the bone structure, for that unit cells should compose the implant. Both conditions are now possible to be achieved by AM, and the current study will analyze, using finite element method, the possibilities to create specimens for tests which the final product would result in a 3D printed bone implant.
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Process Innovation Tools and Strategies in Production Management
148-162Views:342The method of process innovation helps to recognize the opportunities in production processes that represent clear competitive advantage. Using it, up to 30% change is available in increasing productivity and in the reducing of costs, stocks, and lead times. There is no need for complicated methods in the process development. The power of logical, simple tools relies on the fact that everyone can learn, understand, apply them and give quick feedback about their operation. Significant changes have been made in today's possibilities of designing and operating production systems. The emergence of cyber physical systems, the opportunities offered by big data, and the "Internet of Things" (Internet of Things) have shown strong research potential for more efficient logistics and manufacturing systems. The potential of network co-operation, information gathered from tracing materials in production and communication between machines provide a wide-range of optimization opportunities for manufacturing processes. The toolkit presented in the research cannot only be used in direct production; almost all parts of the value creation process can be broken down into routine actions, so the causes of the problems can be analyzed and the development of the process’ parts can be easier implemented.
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Design of Experiments Application for Machining Process Analyse
257-265Views:141In this contribution are results from machining of the aluminium alloy by spiral router. The experiment was designed as full 3 - factors and 2-levels process and for evaluation of input factors to output parameters – Fx and Fy components were used Paret´s diagram and Lorentz´s line. The input parameters were: revolution speed (4000/min. and 6000/min.), working engagement of a cutting edge (depth of cut) ae (1 mm and 3 mm), back engagement of a cutting edge (with of cut) ap (5 mm and 15 mm) and down (climb) milling.
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Mixing Power Requirement Determination in Agitated Drum Using Dimensional Analysis
76-88Views:170The mixing of granular materials in an agitated drum can be characterized by the dimensionless power equation. The equation was created by dimensional analysis, for which the parameters affecting the mixing power requirement were collected based on the literature. The most important of these are the rotational speed, the drum loading factor, the geometric and physical properties of the mixing drum and the granular materials. The dimensionless power equation is used to estimate with reasonable accuracy the Power number within the given range of applicability , which has been validated by measurements. From the Power number, the mixing power requirement of the mixed granular material can be calculated, which can be used as operational data for selecting the mixing motor.
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Implementing 5S in a Hungarian Company
161-173Views:312The methods and tools used by Lean management can be used for any activity that is specifically introduced to the company. On this basis, the objective of this paper is the implementation of a Lean office with a 5S system transformation into the traditional office environment of a private business. During the workflow, it is also planned to create new habits in this narrow space that will incorporate the organizational culture into the everyday life of the business making the administration more effective. The 5S concept is new and helps the company to operation on a larger scale with fewer inputs than before. Figures are made for better understanding and a Red Tag is created which is the first step of the process. Red Tag tells the employees about the history and the process which will be needed on it. The basic of lean thinking is the contunious improvement in the quality of the product while minimaxing the wastes created during the process. The Next Broker Consultancy Ltd adopted this new way of management and made sure that all the necessary measurement are taken to insure smooth flow of the process.
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Analysis of Thermal Degradation in the Annealing Process of Colored Parts Built by Extrusion-Based 3D Printing
124-133Views:393With the ever-increasing request of light materials, poly lactic (acid) PLA, have got much in consideration. Low-cost PLA materials have risen its use. Those possess some benefits but nevertheless insufficient mechanical strength. The printed PLA objects have a stumbling block for practical applications. Thus, annealing is an interested alternative to make 3D printed objects strong. This thermal treatment can significantly develop investigational studies and offer technical data. Hence the purpose of this paper is study and discuss how to increase the flexural strength through annealing process. Geometry distortions and color degradation will be analyzed. Differential Scanning Calorimetry, Taguchi Method (TM) and variance (ANOVA) were applied as part of the design experiments and analysis. Twenty-seven printed specimens were tested and factors as temperature, time and color were selected.
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Latest Trends and New Tools Being Used in Strategic Management
73-85Views:763In 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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Social Innovation for the Welfare of the Community
480-494Views:163The aim of the study is to highlight the focal points that are potentially activating factors in social innovation efforts in the most disadvantaged areas. The study examines certain social initiatives in the Nyírbátor district, with particular emphasis on the efforts promoting community welfare. The study primarily presents the results of qualitative interviews as part of a doctoral research. The examined cases play an important role in the management of the unfavourable processes in the region, and their adaptation as good practice can support the catching-up process. The study identifies the main groups of aspects that, in addition to structuring the case descriptions, also facilitate comparability of good practice. Documentation based on defined criteria supports the adaptation process, which is critical to the successful implementation of social innovation efforts.
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Applying New Innovative Market Research Methods in the Innovation Process of New Products
56-69Views:243The innovation environment has changed a lot in the recent years, companies and their enterprises concentrating on product- and process innovation have undergone a lot of changes. According to GUPTA et al. (1986) product innovation is a multidisciplinary process. Although, all functional interfaces are important in the product development process, the research and development – marketing interface is one of the most difficult one. In the last two decades the incredibly fast penetration of the internet has more and more effects on the consumer attitudes. It encourages market researchers to apply such methods by which they could get as close as to the consumers to know their attitudes without taking them out of their natural habitat. In this study our aim is to concentrate on the first phase of the product innovation, which is the exploration of insights and attitudes. In this phase we can use the classical, conventional market research techniques if we want to get primary data, such as focus group interviews, questionnaires, in-depth interviews, but there are new methods as well. One of such novel methods is netnography. The biggest advantage of this research method is that the researcher can observe the consumer groups’ state of mind and decision-making mechanisms through publicly available communication sources in their natural environment. In this study it will be analysed how the directions of netnographic researches have changed by the dynamic changes of the internet. Besides, online participants’ attitudes towards healthconscious nutrition are analysed in practice. As a result of this study, special groups could be identified, which can provide a new perspective for the companies operating in this field beside the classical segmentation techniques. These groups can be the ones which draw up latent market requirements, and thus, helping the companies’ innovation processes.
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Security Oriented Process Management
344-364Views:345Abstract. Theoretical background of enterprise risk management can be considered as founded by the ISO 31000 standard family and the COSO recommendation. However, their application in a given company domain requires knowledge of the local environment, and professional experience. Nowadays risk management is still anchored to functional fields, or organisational units (logistics, finance, quality management, HR, IT, e.g.). According to the view of the authors, this approach could results in parallel, multiple regulations of risk management. This could be avoided by a holistic view, and a risk based analysis of company processes. Writing this study is aimed at three
major goals:
- providing an overview of the bases of process and risk management,
- proposing a professional idea to be used at risk management of processes (Is it possible to reduce business
risk by analysing availability of resources assigned to processes?),
- providing a review of standards and recommendations which can be used in process risk management. -
Impact of Digitalization on Domestic Trade Strategies
318-333Views:1455The aim of our study is to reveal the fit of digital space into current and future trade and to assess the effects of digitization on Hungarian trade strategies. The information gathering and purchasing habits of consumers have changed dramatically in recent years. Consumers today make buying decisions based primarily on convenience, effectiveness (fast and convenient access to products at adequate price/value ratio), and experience. Adjusting to these trends, traders developed novel trading strategies, and the use of achievements of digitization is an integral part of these strategies. One aspect of digitization is the increasing global development of e-commerce. The Hungarian online commerce have also been expanding significantly from year after year: based on 2018 data, domestic and foreign online sales volume have passed 1000 billion HUF. The Hungarian online consumers buy on the Internet more and more often and at greater and greater value. The online shopping on virtual reality platforms may make this purchase mode more experiential. Webshops have to meet new consumer needs, and deliver the ordered products as soon as possible, preferably within 24 hours. An increasing number of parcel delivery options has begun becoming more and more popular (e.g., automatic parcel terminals, pick pack points). However, traditional channels should not be buried, either. Their obvious advantage is that consumers can take their choice based on multiple senses and it also gives them more room for impulse buying. Combined with the digital technology compliant with contemporary requirements, this can offer a complete shopping experience. Nowadays, recognizing this need online and traditional channels have been mixed in several cases (e.g., multichannel, omnichannel, cross-channel sales) and offer several options for consumers during the purchase process. The sales area optimization of traditional shops and the buyer paths aided by digital technology (e.g., digital shelf labels) are designed for the buyers’ convenience. The newest innovations imply automation of the buying process making the whole process more convenient and more personalized with the use of sensors (e.g., Amazon Go) or robots (e.g., Pepper). In our future purchases, digital personal assistants will appear as digital versions of sales personnel.
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Simulation Aspects of the High Pressure Die Casting Process
521-529Views:100High pressure die casting (HPDC) is a manufacturing process for producing accurately dimensioned, sharply defined, smooth or textured surface metal parts. It is accomplished by injecting liquid metal at fast velocity and under high pressure into reusable steel dies. Compared to other casting processes, die casting is at the top end of both velocity and pressure. The high velocity translates into a very turbulent flow condition. The process is often described as the shortest distance between raw material and the finished product.
