scholarly journals Housing Heterogeneity Dimensions and Their Elements: a Systemic Approach

2017 ◽  
Vol 5 (1) ◽  
pp. 23-37
Author(s):  
Jānis Vanags ◽  
Ineta Geipele ◽  
Auseklis Sarkans ◽  
Didzis Usenieks
Keyword(s):  
Decision Making ◽  
Housing Market ◽  
Building Materials ◽  
Objective Evaluation ◽  
Theory And Practice ◽  
Housing Construction ◽  
Economic Market ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Market Participants

Abstract Housing market participants constantly face the housing heterogeneity - the technical and socio-economic differences of dwellings in a certain populated area. Housing heterogeneity often complicates the managerial decision making related to housing transactions, identification and objective evaluation of the quantitative and qualitative aspects of transactions. Housing heterogeneity is an objective phenomenon that implies housing uniqueness - housing distinguishing characteristics divided into specific and interconnected groups within the framework of the research. Most of these differences can be noticed by each market participant, but some of them can be identified only by experienced and professionally trained market participants. Theory and practice have demonstrated that the constituent groups of heterogeneity influence each other and take part in the formation of market value and transaction price of housing units. The increased housing construction intensity, the continuous modernisation of construction technologies and the diversification of building materials used in housing construction, as well as restriction of the building plot of land change the quantitative and qualitative aspects of heterogeneity dimensions. This poses considerable challenges to market participants in the managerial decision making process related to housing transactions. Research results demonstrate that the socio-economic elements of housing heterogeneity are constantly changing under the influence of the dominating factors of the external and internal environment. Therefore, nowadays, housing heterogeneity has become a major cause of information asymmetry, which means that heterogeneity is inherent in the formation of socio-economic market barriers in the housing market.

scholarly journals Methodological Tools of Management Decision Making on Supporting Regional Environmental Projects

2020 ◽  
pp. 166-176
Author(s):  
Irina Anikina ◽  
◽  
Andrey Anikin ◽  
Keyword(s):  
Decision Making ◽  
Economic Efficiency ◽  
Financial Management ◽  
Investment Decisions ◽  
Theory And Practice ◽  
Assessment Procedure ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Environmental Projects ◽  
The Impact

The purpose of the study was to develop a methodological toolkit for the substantiation of investment decisions on supporting regional environmental projects by state and private investors. The problem lies in the fact that traditional indicators of the efficiency of investment projects, such as net present value, budgetary efficiency, currently do not sufficiently meet the principles of sustainable economy, which underlie modern methodology for managerial decision making. The study of the opinions of investors shows their increasing willingness to take into account, when making investment decisions and decisions on financing projects, not only the economic efficiency, but also the impact of the results of companies’ activities on the environment and human health. At the same time, the question of how to take into account ESG factors (environment, social, governance) in the assessment of investment decisions remains controversial. The authors suggest a methodology that will contribute to the justification of management decisions regarding the support and stimulation of investment eco-projects. The method assumes a sequential passage of stages, at each stage the projects undergo an assessment procedure for compliance with the criteria that take into account the interests of various project stakeholders (government, investors, society) and the calculation of ratings: the rating of ESG factors and the rating of economic efficiency of eco-projects. The authors have also developed a matrix for managerial decision making to support an investment eco-project based on the analysis of the ratings obtained. The proposed conceptual approaches and models make it possible to clarify the methodological tools for effectiveness assessment of eco-projects, contribute to the improvement of the theory and practice of financial management, harmonization of ESG principles and investment management, adequate to the conditions of the concept of sustainable economic growth.

scholarly journals COGNITIVE FEATURES OF MANAGERIAL DECISION MAKING IN TERMS OF THE DIGITAL ECONOMY. THE RESULTS OF EXPERIMENT

2019 ◽  
pp. 5-13
Author(s):  
V. V. Degtyareva ◽  
D. A. Sozaeva
Keyword(s):  
Decision Making ◽  
Personal Space ◽  
Digital Economy ◽  
Theory And Practice ◽  
Management Theory ◽  
Managerial Decision ◽  
Communication Tools ◽  
Managerial Decision Making ◽  
Decision Making Processes

The transformation of managerial decision-making processes in the digital economy, the modification of the boundaries of the personal space of an employee and manager (manager) when making collegial decisions through social networks and other modern communication tools have been investigated. The problems of assessing the quality of such decisions, the ways and tools of their elimination have been considered. The information base of the article were Russian and foreign researches in the field of management theory and practice, personal observations of the authors, as well as the results of the experiment, conducted by the authors. Such methods of scientific research as analysis, synthesis, generalization, experiment have been used.

scholarly journals Application of the theory of decision making under risk and uncertainty at modelling of costs

2010 ◽  
Vol 56 (No. 5) ◽  
pp. 201-208 ◽  
Author(s):  
M. Beranová ◽  
D. Martinovičová
Keyword(s):  
Decision Making ◽  
Financial Accounting ◽  
Cost Functions ◽  
Risk And Uncertainty ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Bayesian Theorem ◽  
Long Run ◽  
Short Run ◽  
The Cost

The costs functions are mentioned mostly in the relation to the Break-even Analysis where they are presented in the linear form. But there exist several different types and forms of cost functions. Fist of all, it is necessary to distinguish between the short-run and long-run cost function that are both very important tools of the managerial decision making even if each one is used on a different level of management. Also several methods of estimation of the cost function's parameters are elaborated in the literature. But all these methods are based on the past data taken from the financial accounting while the financial accounting is not able to separate the fixed and variable costs and it is also strongly adjusted to taxation in the many companies. As a tool of the managerial decision making support, the cost functions should provide a vision to the future where many factors of risk and uncertainty influence economic results. Consequently, these random factors should be considered in the construction of cost functions, especially in the long-run. In order to quantify the influences of these risks and uncertainties, the authors submit the application of the Bayesian Theorem.

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