scholarly journals The concept of assessing the City Council management control level for effective decision making

2021 ◽  
Vol 107 ◽  
pp. 11001
Author(s):  
Tetiana Melikhova ◽  
Olena Mikhailutsa
Keyword(s):  
Decision Making ◽  
Time Series ◽  
Economic Efficiency ◽  
Economic Effect ◽  
Control Level ◽  
Management Control ◽  
City Council ◽  
Special Fund ◽  
Local Budget ◽  
Effective Decision Making

In present paper, time series models of revenues and expenses of general and special local budget fund in Zaporizhzhia City Council for 2017-2020 are built. The possibility of forecasting time series has been investigated on the example of local budget revenues and expenses. The concept of assessing the level of management control which consists of information-analytical circuit, analysis and modeling circuit, and decision-making circuit has been proposed. The best options for absolute and comparative economic efficiency of accounting and economic expenses of management control have been substantiated. The forecast for calculating the absolute and comparative economic efficiency of management control on the data of Zaporizhzhia City Council is shown and the annual economic effect from its implementation is calculated. The methodological approaches to the analysis of income and expenses of the general and special fund have been improved. They, unlike existing methods, include time series modeling and studies describing complex changes in parameters over time. This made it possible to carry out high-quality management control and increase the efficiency of activities. The SPSS Statistics data analysis package is used for data processing, test assumption and building the future strategy.

scholarly journals Asymmetry in Priority Perception Form Local Community to PA – Budgeting through Citizen Participation (Municipality of Elbasan)

2018 ◽  
Vol 8 (3) ◽  
pp. 119-131
Author(s):  
Merita Bejtja
Keyword(s):  
Decision Making ◽  
Citizen Participation ◽  
Public Services ◽  
Local Community ◽  
City Council ◽  
Project Proposal ◽  
Perceived Performance ◽  
Local Budget ◽  
Selection Stage

Abstract Considering several developments recently, especially at local self-government level, on budget design and application, we can notice that citizens have a deeply different perception on local PA performance than this last itself. Local government continuously claims their increasing performance, especially on accountability processes, even measuring it through effectiveness and efficiency of their investments as well as number and size of public services offered to the local community. Their pay-offs are not far of being glorious and making happy everybody taking notice on the presentation. While, on the other side, citizens of the same community have a far different view and estimation on this regard. They complain on communication, quality of public services, distribution quality of investments, division of local budget through sectors, till that point to refuse paying local taxes and tariffs, as well as burning career of “highly performance” local leaders (mayors) voting ‘no’ on elections not considering their ‘glorious increasing performance’ during the governmental mandate. Introducing citizen participation in a process of budget decision making in local self-government, especially during priority selection stage, as well as budgeting an important part of the local budget through common decision making – PA and community representativeness, analysing, first, the state of nature through adverse pricing or asymmetry reduction, both in their perception on prioritization, as well as estimating investments to each priority through independent estimation by each participator in a common Committee PA&citizens, Participatory Budgeting Committee, and second, presenting their project proposal, as well as defending it in front of the City Council, could produce a far better perceived performance by both sides.

Parliamentarism and the Legislative Branch

2017 ◽  
Author(s):  
András Sajó ◽  
Renáta Uitz
Keyword(s):  
Decision Making ◽  
Political Parties ◽  
Legislative Branch ◽  
Effective Decision ◽  
The Law ◽  
Internal Operations ◽  
Effective Decision Making ◽  
The Relationship ◽  
Law Making

This chapter examines the relationship between parliamentarism and the legislative branch. It explores the evolution of the legislative branch, leading to disillusionment with the rationalized law-making factory, a venture run by political parties beyond the reach of constitutional rules. The rise of democratically bred party rule is positioned between the forces favouring free debate versus effective decision-making in the legislature. The chapter analyses the institutional make-up and internal operations of the legislature, the role of the opposition in the legislative assembly, and explores the benefits of bicameralism for boosting the powers of the legislative branch. Finally, it looks at the law-making process and its outsourcing via delegating legislative powers to the executive.

Making investment decisions in stock markets using a forecasting-Markowitz based decision-making approaches

2019 ◽  
Vol 15 (2) ◽  
pp. 647-659 ◽  
Author(s):  
Zahra Moeini Najafabadi ◽  
Mehdi Bijari ◽  
Mehdi Khashei
Keyword(s):  
Decision Making ◽  
Time Series ◽  
Stock Markets ◽  
Time Series Prediction ◽  
Investment Decisions ◽  
Rate Of Return ◽  
Expected Returns ◽  
Prediction Methods ◽  
Content Type ◽  
Markowitz Model

Purpose This study aims to make investment decisions in stock markets using forecasting-Markowitz based decision-making approaches. Design/methodology/approach The authors’ approach offers the use of time series prediction methods including autoregressive, autoregressive moving average and artificial neural network, rather than calculating the expected rate of return based on distribution. Findings The results show that using time series prediction methods has a significant effect on improving investment decisions and the performance of the investments. Originality/value In this study, in contrast to previous studies, the alteration in the Markowitz model started with the investment expected rate of return. For this purpose, instead of considering the distribution of returns and determining the expected returns, time series prediction methods were used to calculate the future return of each asset. Then, the results of different time series methods replaced the expected returns in the Markowitz model. Finally, the overall performance of the method, as well as the performance of each of the prediction methods used, was examined in relation to nine stock market indices.

Computing an effective decision making group of a society using social network analysis

2013 ◽  
Vol 28 (3) ◽  
pp. 577-587 ◽  
Author(s):  
Donghyun Kim ◽  
Deying Li ◽  
Omid Asgari ◽  
Yingshu Li ◽  
Alade O. Tokuta ◽  
...  
Keyword(s):  
Decision Making ◽  
Social Network ◽  
Social Network Analysis ◽  
Network Analysis ◽  
Effective Decision ◽  
Effective Decision Making

Effective Decision Making in a Life Company

2005 ◽  
Vol 11 (1) ◽  
pp. 133-166
Author(s):  
M. Iqbal
Keyword(s):  
Decision Making ◽  
Decision Theory ◽  
Systematic Approach ◽  
Decision Making Process ◽  
Recent Past ◽  
Past Life ◽  
Effective Decision ◽  
Effective Decision Making ◽  
Value Measurement

ABSTRACTIn the recent past life companies have made many decisions which they have had cause to deeply regret. This paper looks at the range of decision making theories available. It then examines recent examples of decisions that had unfavourable consequences and explores why they were taken, and goes on to describe a systematic approach to decision making which can help management assess more objectively the difficult choices confronting them today. The approach does not require espousal of any specific decision theory or method of value measurement. The focus is on the decision making process and the organisation's capacity to handle change. The paper identifies the three requirements for effective decision making.

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