scholarly journals Economic Life Cycle of Biomass Equipment and its Renovation

TEM Journal ◽  
2020 ◽  
pp. 1419-1425
Author(s):  
Katarína Teplická ◽  
Martin Kováč ◽  
Erika Škvareková ◽  
Andrea Seňová
Keyword(s):  
Financial Planning ◽  
Operational Research ◽  
Economic Life ◽  
Operating Costs ◽  
Optimal Time ◽  
Financial Situation ◽  
Biomass Boiler ◽  
Time Period ◽  
Optimal Period ◽  
Economic Life Cycle

The main goal of this article is to determine the optimal time period of boiler for biomass renewal, because its usage affects the financial situation of the firm in the form of costs. In this contribution is applied the method of operational research - the method of optimal time of machine renovation. The results of the analyses point to the optimal period of biomass boiler renovation before its service life in the 11th year. Operating costs are increasing about 9% after this time. By using this model there is ability to plan financial sources for buying new biomass boiler at 5500-15600€ on the market. The scientific benefit lies in the fact that the model is applicable to all types of equipment and machinery, in various industrial areas and in services and it is preventive instrument for financial planning for machine renovation.

Specifics of strategic financial planning of enterprise activity in the digital economy

2020 ◽  
Vol 26 (3) ◽  
pp. 499-507
Author(s):  
P.A. Levchaev ◽  
B. Khezazna
Keyword(s):  
Strategic Planning ◽  
Financial Planning ◽  
Financial Management ◽  
Digital Economy ◽  
Economic Life ◽  
Corporate Management ◽  
Economic Relations ◽  
Digital Era ◽  
Analysis And Synthesis ◽  
Corporate Management System

Subject. The article investigates the specifics of strategic financial planning of enterprise operations in conditions of digitalization processes, as well as the introduction of advanced technologies in all spheres of social and economic life. It determines unique opportunities for company development in the international market. Objectives. The study aims at reviewing a set of economic relations and problems emerging in the process of strategic financial planning of enterprise performance in the digital economy, and developing recommendations to improve the financial strategic planning of economic entities. Methods. We employ methods of economic analysis and synthesis, and comparison. The paper rests on works by academic economists on the problems of finance, financial management, and planning. Results. We investigated the most important features and problems of strategic financial planning of enterprises in the digital economy, and how the digital era increases the level of competition of participants for economic dominance. Identified features of financial strategic planning of the corporation's activities in the digital economy are recommended for use in the corporate management system of an industrial enterprise. Conclusions. Improving the strategic management process is a stage of transformations in the digital economy. Enterprises create new priorities through using management models. At the same time, the role of fixed assets is reduced, and intangible assets and information accelerate the business. The effectiveness of company operations is often determined by the availability of accurate and timely information that reflects the necessary aspects of financial and economic practice.

scholarly journals Economical aspects of thermal and medical tourism

2014 ◽  
Vol 8 (4) ◽  
pp. 77-84
Author(s):  
Veronika Fenyves ◽  
Ildikó Dékán Tamásné Orbán ◽  
Erika Könyves ◽  
Adrián Nagy ◽  
Fruzsina Sándor
Keyword(s):  
Analytical Methods ◽  
Medical Tourism ◽  
Economic Life ◽  
Continuous Development ◽  
Operational Effectiveness ◽  
Financial Situation ◽  
Management Efficiency

Thermal and medical tourism in Hungary are characterised by a continuous development. The management, efficiency, operational effectiveness and offer of enterprises in the field of tourism influence the competitiveness of Hungary’s tourism. In the present day economic life the thorough analysis of the enterprises’ economy is indispensable. The result of the analytical methods applied by the report provide information for different stakeholders (owners, transporters, customers, employees, habilitators). The aim is to have data which inform us about the functioning, financial situation and profitability of the economic entities parallel with the factors and conditions determining these elements. In our paper we present the financial situation of the Demjén Thermal Spa Ltd., being one of the newest thermal spas of Hungary.

Historical analysis of the economic life-cycle performance of public school buildings

2019 ◽  
Vol 47 (7) ◽  
pp. 813-832 ◽  
Author(s):  
Filipa Salvado ◽  
Nuno Marques de Almeida ◽  
Álvaro Vale e Azevedo
Keyword(s):  
Life Cycle ◽  
Public School ◽  
Historical Analysis ◽  
Economic Life ◽  
Cycle Performance ◽  
School Buildings ◽  
Economic Life Cycle

Development of a BIM-based Environmental and Economic Life Cycle Assessment tool

2020 ◽  
Vol 265 ◽  
pp. 121705 ◽  
Author(s):  
Rúben Santos ◽  
António Aguiar Costa ◽  
José D. Silvestre ◽  
Lincy Pyl
Keyword(s):  
Life Cycle Assessment ◽  
Life Cycle ◽  
Assessment Tool ◽  
Economic Life ◽  
Economic Life Cycle

Research on Electric Power Equipment Preventive Maintenance Cycle on the Basis of Economic Life Cycle Costing

2012 ◽  
Vol 605-607 ◽  
pp. 296-299
Author(s):  
Yan Li ◽  
Yu Mei Hu ◽  
Yun Feng Luo ◽  
Chang Chen Liu
Keyword(s):  
Life Cycle ◽  
Electric Power ◽  
Failure Rate ◽  
Preventive Maintenance ◽  
Life Cycle Cost ◽  
Specific Effect ◽  
Economic Life ◽  
Variance Ratio ◽  
Power Equipment ◽  
Economic Life Cycle

The maintenance strategy is a tradeoff between cost and reliability. In this paper we consider the maintenance plan from the view of economic life cycle cost and reliability. We discuss the maintenance interval optimization on the premise that the preventive maintenance mitigates failure rate level and intensifies failure variance ratio meanwhile. The specific effect of this kind of preventive maintenance on failure rate and its variance ratio is explored, and then we construct a life cycle cost model of electric power equipment and propose the annuity of life cycle cost minimization as a method for seeking an optimal maintenance interval solution.

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