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Financial Performance Measurement with the Use of Financial Ratios: Case of Mongolian Companies
20-32Views:319The aim of this paper is to examine the efficiency of Mongolian 100 public companies listed on Mongolian Stock Exchange (MSE) which are divided into 6 major sectors. This study conducts the performance of companies in terms of profitability by using three different output variables i.e., revenue, pretax profit and ROA (Return on Assets). In the beginning of this research, nine variables which are connected with profitability are chosen as output variables, while 24 variables expressing growth, financial structure, solvency, and turnover together with some fundamental financial data are chosen as input variables. 10 variables out of 24 input variables, which determine the financial structure, solvency, and profitability, are chosen as input variables based on the calculation of stepwise regression analysis. Stepwise regression, multi co-linearity analysis are made by SPSS and DEA (Data envelopment analysis) is evaluated by benchmarking package in R excel statistical program covering the period of 2012-2015. This paper uses the input-oriented version of DEA based on financial ratios and some crucial components of a financial statement. The results of DEA show that food and grocery sector was the most efficient, and mining sector was at the second place by its efficiency, while agriculture and service sector were the worse than other sectors.
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Innovation, Artificial Intelligence in Contingent Work-Force Management
571-590Views:669In recent years, the global use of contingent workers is rapidly increasing despite the increasing quantity of artificial intelligence applications in business. The question is "how these companies leverage the use of artificial intelligence to enhance contingent workforce's management?". The ideal goal of this paper is to develop a purely conceptual application of innovation, artificial intelligence (AI) adjacent to contingent workforce management(CWM). The researcher used qualitative information gathered from various authors and observations to reinforce the usage of AI. One of the critical tools to integrate with contingent workforce management for reduction of time spent on human resource administrative tasks is AI. There must be a transformation of thinking, accepting positive organizational change, utilization of technology and openness to new technology to foster AI. Along with that, integrating contingent workforce management with AI reduces risks and costs, increases efficiency and quality of work. Innovation and Artificial intelligence have been used in five pillars performance of contingent workforce management to mitigate the challenges associated with it.
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A Literature Review: Artificial Intelligence Impact on the Recruitment Process
108-119Views:13694This 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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The Dunning–Kruger Effect in Knowledge Management Examination of BSc Level Business Students
14-21Views:231The Dunning-Kruger effect (DKE) in higher education evaluation is one of the current research areas of psychology, educational science, and management science (in our case). Its importance is that the less prepared one is, the less accurately one can judge what performance is expected of him. What is more, he will err more and will overestimate himself. The present study aims better to understand the phenomenon with new, small-sample empirical results. The study is part of a research series that has been ongoing at the University of Debrecen since 2015. It not only quantitatively expands the literature but also includes the course of Knowledge Management among those examined. During the research, students were asked both before the examination (N = 63) and after the examination (N = 76) to guess how many points they would achieve on a multiple-choice test. It supports the presence of DKE, both in the case of pre-examination and post-examination self-evaluations. Using four multivariate linear regression models, we examined whether the sign value or absolute value of the errors made during the guesses show a correlation - in addition to the available control variables - with the test score. Our results showed that the more accurate the pre-examination and post-examination estimations were, the higher the students' actual score was, while the less they tended to overestimate their preparation. This supports the presence of DKE, both in the case of pre-exam and post-exam self-evaluation.
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Examination of the Relationship between Renewable Energy and Economic Performance
234-243Views:206Many countries are making considerable efforts to achieve solutions to environmental problems that we face today and developing renewable energy resources is one of the potential long-term solutions that constitute an absolute priority from a sustainable development perspective. The usage of renewable energy is one of the critical future challenges to reduce greenhouse gas emission and decrease energy dependency at the same time. Thus, replacing traditional energy sources with renewable ones, like Hydropower and wind power to produce electricity instead of fossil fuel. The objective of this study is to find a relationship between renewable energy consumption, macroeconomic factors, and the environment. There is a reliable and significant (at 1% significant level) association between REC with GHG and GDP and a relatively strong association with EC.
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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:179The 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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Mechanical Design and Finite element Analysis for Acetabular cup
23-35Views:136Hip 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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Review of Modern Vehicle Powertrains and Their Modelling and Simulation in MATLAB/Simulink
232-250Views:1097Thanks to technological advances and environmental standards, as well as changing usage patterns, road vehicles are constantly developing. Electric and hybrid vehicles are playing an increasingly important role in today’s road transport. The most significant changes are probably in the powertrain of vehicles. The efficiency of internal combustion engines increases while their emissions continue to decline. In addition, high performance electric motors, batteries and even fuel cells play an increasingly important role in hybrid and electric vehicles. In this publication, we review the drive systems of current modern vehicles and the types and characteristics of their major components. We also review the available models and computer programs for their simulation, focusing mainly on MATLAB/Simulink applications. Based on this, we can develop our own models and simulation programs which will help us to perform different driving dynamics simulations and to compare the performance, dynamic and energetic characteristics of these powertrains and their components to each other.
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The Special Aspects of Leasing as Long-Term Asset Financing Method in Hungary
115-128Views:631Leasing has become widespread in the world in the 1970s, while in Hungary the first leasing firms appeared in the 1990s. The authors in this article introduce the most prevailing and most often used forms of leasing and their main characteristics in Hungary. Based on the statistical data of the 2008-2015 period the authors analyse the performance of investments, the volume of trade in the total leasing market and the course of the amount of capital assets and new capital investments on the level of the national economy. The conclusion of the current article is that the changes of the investment’s performance in the national economy and the EU development funds influence greatly the course of the Hungarian leasing market.
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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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Potential Impact of Innovation on the Competitiveness of Sports
666-677Views:263Innovation and development activities related to sports and the tools created during the processes facilitate performance sports players (athlete, coach, sports manager) to achieve outstanding results in their field.
The success of sport can have a major impact on the social image of sport and its economic potential, and thus on the future of the sport. In my paper, I undertake to introduce the innovation processes associated with competitive sport and the products that result from these innovative activities, and then examine how and to what extent these supplies influence the economic and professional performance of the sports under investigation.
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Sport Consumption, Fan Engagement, Sport Statistics – Post-specific Passing Characteristics in Football
Views:657Digitalization and the explosive development of technology have led to significant changes in football. Due to the increasing amount of data available through various sensors and other data collections, we can observe the rise of data-centric, analytical and statistically oriented thinking in football, which is also of interest to fans. Digitalisation is also closely linked to sports consumption, which is why we have seen significant changes in this area in recent years. The pandemic has further amplified the speed of digital transformation in the sports industry. One of the most important contents for sports organizations and their fans is the in-depth sports statistics and analysis that enhances the consumer experience. In our study, we examined the most common performance indicator in football, passing. Our goal was to examine the position-specific pass characteristics in detail, therefore we also examined different pass properties in our research. As a model for our analysis, I chose the premier league, which has the highest UEFA coefficient. The three rounds (rounds 30-32) of the championship season 2019/2020 have been recorded and analyzed in terms of passes. there was a significant difference between the average number of passes per game between defensive and offensive players (t=7,988, p<0.05). There is also a gradual decrease in the number of passes attempted per match and the accuracy of the pass in the examination of the middle positions when examining the positions in the depth of the pitch. For both pass accuracy and average pass count, the decreasing ranking corresponds to the position of positions on the pitch (order: 1, central defender 2, defensive midfielder 3, inside midfielder 4, attacking midfielder 5, striker). In the value indicator of the position for passes, offensive positions performed more effectively than defensive positions. The extreme positions also stand out among the attacking positions, where in the case of the position value per pass number, 23.3% of the total test was completed and 14% of the amount of the established position value indicators was provided by these posts. Overall, our study points to post-specific pass characteristics and, knowing this, we can state that the comparison of players' passing performance is relevant if the players are in the same or related positions.
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Calculations of Performance Losses for Automobile Vehicles
210-218Views:221Vehicle-energetic-models are used to analyze the performances and when a comprehensive structure is established even optimization could be done. For these kinds of models, the losses of the vehicles have to be known. These losses could significantly effect of the vehicle fuel consumption. From these losses the rolling resistance, drive elements and aerodynamic drag are discussed. This paper reviews some of the literatures that describes the calculation methods and gives us some idea about the degree of their value. Our further goals are to have an UpToDate loss coefficient dataset and calculation methods for further vehicle-energetic modelling.
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Engineering Spatial Ability and Spatial Geometry – Research Experiences 1.
383-387Views:116Spatial visualization skills have an important role in teaching and learning of engineering studies. Many studies have shown that there are correlations between various measures of spatial skills and performance in particular Science, Technology, Engineering and Mathematics (STEM). Many engineering students have problems with imagining a spatial figure and therefore to solve the spatial geometry exercises, so development of spatial ability is very important. We have developed special tools and worksheets for development of spatial abilities
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Food Security and Economic Growth: An Income Level Comparison
16-29Views:192Food 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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The impact of realization of solar power plant installation requests in Mandatory Purchase (KÁT) system on the electricity supply of Hungarian settlements
54-60Views:108The support system of renewable energy production was changed in Hungary in 2017. The legislator created the Mandatory Purchase (KÁT) system earlier to encourage the electricity production from renewable energy sources and waste. The Renewable Energy Subsidy System (Metár) changed the Mandatory Purchase (KÁT) system from the 1st of January in 2017. It had been known before Metár came into force that the supported period in the Matár would be only 13 years while it was 25 years in the KÁT. Therefore, a real rush started for the KÁT support licenses in 2016 in order to make more beneficial contracts by the investors. At the time, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) released a record amount of licenses (more than 2000 pieces) to build solar power plants under 500 kW performance. This is more than 1000 MW total power. This paper searches the answer how this solar power plants will influence the level of self-sufficiency of the Hungarian settlements in the electricity supply if those are realized. Hereinafter, we will analyze the possible impact of these solar power plants in the settlement electricity self-sufficiency.
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Construction Solutions for Reducing the Effect of the Rear-end Collision
Views:156Analysing the accident statistics, we can detact that, the improvement of the transport safety is one of the most important engineering task. The number of the vehicles in the trasport gets significantly higher from year-to year, and the infrastructure of the cities frequently can not coordinate already it. Therefore the increasing of the vehicles’s number naturally involves the upgrowth of the accidents occasions too. The aim of the improvement of the vehicle-construction to reduce the personal injured and death resulted accidents number in contrast with the increasing traffic performance. This study analyses the construction options for reducing the effect of the rear-end collision whiches are concentrated for the passive vehicles and its passengers firtsly. Among the actual car manufacturers applied solutions, foward-looking possibilities and suggestions are described in this publication. The development can not be concentrated for only the safety improvement, the mass-optimalization must be completed simultenously. These apparent contrary requirements can be completed with application of new materials. Therefore the study addresses the more optimal utilization of the meatl foam in the vehicles crushbox. In addition, an optimized break-assist solution is described based on the Mercedes developed Pre Safe Plus® system to increas the abrorbtion of the impact energy.
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The Opportunity of Analysing Global Career
115-124Views:243The study aims to define global career and to present an applicable method. Internationalisation and globalisation indisputably have affect on companies actions. The value of human capital as a resource has got notably higher than before. To retain competitiveness, multinational companies have to focus their sight on employees with globally usable knowledge. In today’s globalized world international assignments are particularly frequent. It is a must to differentiate between working abroad willingly or sent abroad by the company. Achieved and applied knowledge from international assignments are essential ingredients of global career. However, the inappropriately planned career structure can cause damage for the company and for the cost effectiveness of the HR department. It is vital to appoint the most suitable employee for the assignment, to increase the company’s success rate and to maximize the individual’s performance as soon as possible. The effectiveness of the selection has influence on performing a successful assignment in the process of the career path.
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The Role Of Leader In Work Addiction
1-13.Views:17Over-attachment to work is an increasingly common phenomenon in the lives of people in organisations, and can also be a condition of work addiction. Whoever becomes involved in an organisation, be it a subordinate or even a manager, work addiction has a number of negative consequences at both individual and organisational level. Without being exhaustive, work addiction can have an impact on organisational performance, organisational effectiveness, workplace conflict, career prospects, health maintenance. In this paper, we aim to highlight the most relevant publications from the last five years to report on the impact in an organisation when work addiction arises among subordinates or managers, and how different leadership styles are associated with work addiction among organisational members. The publications were retrieved from Google Scholar and Scopus, and the results of 19 articles are presented in this paper after a review of 263 papers retrieved. The results show that transformational, servant and ethical leadership styles have ambiguous effects on work addiction, unlike laissez-faire or abusive leadership styles, the former enhancing and the latter reducing the incidence of work addiction in an organisation. Work addiction of managers also has a dual effect: on the one hand, it can enhance creativity, but it can also increase turnover among subordinates. Social support from the manager can be an antidote to subordinates' work addiction, but this effect may be modified by the quantity and quality of interaction between manager and subordinate, the sense of meaningfulness of the work, or even the organisational culture. Overall, the manager, as a key actor, can have an impact on work addiction in the organisation, but there is not always a consistent position in the research on the cases and the way in which this is done, which calls for further research in the future.
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The Role of Small-Scale Household Power Plants in the Electricity Supply by the Hungarian Settlements
355-372Views:135The utilization of renewable energy sources spread with stormy speed on the world therefore more and more municipalities propose that they satisfy their energy demand from renewable sources. The fossil fuels represent a significant proportion in Hungarian energy balance and the majority of these is import energy. The proportion of renewable energy sources must be increased to decrease the energy dependence and the energy cost of municipalities, to increase the energy security and to consider the aspects of environment.The interest of Hungary is to increase the proportion of renewable energy sources in energy supply. In order to this, the government created the small-scale household power plant (SSHPP) category in the Electricity law. This power plants should be not greater than 50 kW's performance. In this category, electricity can be produced from renewable and fossil sources. Since the government introduced the small, household size power plant category the installed capacity was grown quickly in the last seven years. The general capacity was 0.51 MW altogether at the end of year 2008 but it has already approached 129 MW’s at the end of year 2015. The general capacity was increased by the multiple of the previous year every year between 2008 and 2015 and there will be more a dynamic capacity expansion. Data about the capacity and the produced electricity can be displayed on municipality level, too. The purpose of the investigations is to determine: how can the built capacity of the small, household size power plant category participates in the electricity supply of the Hungarian settlements? So how many percentages of electricity demand can be gratified by this electricity power on the settlements? Based on this a ranking can be made among municipalities which shows the level of sufficiency in production of renewable energy and give a possibility for the power shift. Finally, to what extent can be built upon this power plant category in order to that Hungary can comply its objective value.
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Labor Market Effects of Organizational Health Promotion
99-107Views:392Nowadays, we can observe an increasing trend in the spread of non-communicable diseases. It is important to highlight the social factors that negatively affect health. Determinants includes income, education and the research-relevant working and living conditions. From a labor market perspective, unemployment and poor working conditions are a significant responsibility for the deterioration of mental and physical health. Health is also affected by employment conditions. Extended working hours have been shown to be harmful to health. Poor health has generates poorer work performance, a higher rate of sick leave, and higher health care costs. My primary goals in my research was to explore the labor market impacts of workplace health promotion and guidelines for corporate health promotion. Within health promotion, physical activity has played a prominent role. I’ve been used secondary data collection during my research. I have been performed a traditional literature analysis based on domestic and international studies. My results are suggest that the workplace health promotion has more positive labor market effects than increasing productivity and reducing absenteeism and health care costs. It is important to mention that health promotion could bring benefits to both employers and employees. Regarding corporate guidelines, there is no new approach directive other than the older literature sources. thus, it may be worthwhile to develop a new and different corporate process for effective workplace health promotion.
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Designing of Lab-scale Anaerobic Digester Equipped with Maxblend Impeller to Evaluate Effect of Mixing on Anaerobic Digestion
404-413Views:159Operational parameters can be easily controlled at lab scale experiments for an anaerobic digestion process. Our aim is to design a lab-scale digester equipped with an impeller to investigate how the geometry of impeller and different mixing modes effect the biogas yield of digester. Further, the methods of measuring the gas volume, gas composition, mixing intensity, torque, temperature are discussed in this article. The assembling of 4 liters digester is described which can be operated at various operating parameters which control the anaerobic digestion process. Mixing is very important to enhance efficiency of an anaerobic digester. To attain mixing Maxblend impeller is used in this lab-scale digester due to its better performance for mixing and power consumption. Various design consideration has been described.
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How Should We Develop the Careers of Our Employees? Organizational Career Management Tools in Focus
1-13Views:511We can observe more and more often that people change their jobs frequently. They work for more employers during their life. The question may arise that organizations should care about the career management of their workers? Certain surveys which investigate the reasons of job changes can disprove it. One of the most common causes is that employees cannot see their career opportunities at the company. The organizations should not necessarily use complex career development systems it may also be appropriate, if they use only some techniques consciously. The study shows the career management tools used by the organizations examined in the survey. The authors demonstrate that there is a provable relation between organizational performance and career development methods. Furthermore they describethe techniques applied by the successful organizations.
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Examining the Functioning of Organizations from the Aspects of Organizational Culture and Leadership
371-381Views:299Organizational culture and Leadership both have been under research for a long time, as they play a vital role in the performance of an organization. The organizational culture is the set of rules or acts as a guidebook of an organization for achieving the objectives while leadership defines these rules and implements them as well. Organizational culture is dependent to a great extent on the norms and values of the society or the country where it is located. Important for achieving the objectives of an organization, this factor plays a vital role while setting the organizational culture. Incorporating organizational culture and then sustaining it is done by the leaders. Leadership if does not play an effective role in regards to implementation of the organizational culture, can collapse the organizational structure. Leaders are required to develop the qualities according to the organizational culture and should be responsible to come forward to transform if necessary and implement the system. The organizational culture should fulfill the needs of the organization’s goals and the norms of the society. Both leadership and organizational culture are co-dependent on each other and should be understood together.
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Use of ANSYS Software for the Acetabular Cup Structure Analysis out of the Hip Implant
1-6.Views:358Modelling the hip implant has been one of the most important researches over the past few decades. In addition, using the ANSYS software for this purpose is well-known procedure to understand the real reaction of the hip implant parts during the daily life of the installed part. This study is to focus on the practical part of the use of ANSYS software to analyse the performance of the hip implant through the feature of structure analysis available in the ANSYS. The research applies the static loads behaviour only with the help of the static structural analysis to view the advantages and the disadvantages of every design, which helps us estimate the implant’s behaviour. The study investigates the optimization of the acetabular cup using the lattice optimization along with the infill option available in the ANSYS software in order to optimize the stress and the fixture of the cup inside the pelvis.
