scholarly journals RISK OF OVERINVESTMENT IN MUNICIPALITIES

2017 ◽  
Vol 16 (3) ◽  
pp. 63-71 ◽  
Author(s):  
Łukasz Satoła
Keyword(s):  
Decision Making ◽  
Public Services ◽  
Financial Resources ◽  
Decision Making Process ◽  
Business Activity ◽  
Benefit Analysis ◽  
Resources Management ◽  
Public Resources ◽  
Cost And Benefit Analysis ◽  
The Cost

This article describes investment activities of self-government territorial units. Its aim is to present the importance of investments for the provision of public services by municipalities. The opinions of the respondents about the causes of excessive or misguided investments and the ways of reducing their scale were presented. Surveys were conducted in 2015 and the temporal scope of the analysis is 2009–2014. The importance of investments for the provision of public services, shaping the living conditions of inhabitants, and conducting business activity were described. Based on that, overinvestment was identified as a negative trend in public resources management. The most frequent causes of excessive investment are megalomania of the municipality authorities and their desire to gain the support of the inhabitants (voters). Another important aspect is the lack of sufficient social control in the decision-making process regarding investment tasks execution. It was also demonstrated that overinvestment is due to the purpose of spending financial resources, not to the relative amount of investment expenses. Among the actions preventing excessive or misguided investments, the cost and benefit analysis was indicated the most often. Using strategic planning tools is also beneficial for the effectiveness of investing in self-government.

scholarly journals A NEW SIMPLIFIED DECISION MAKING SYSTEM FOR SMALL PROJECTS

2017 ◽  
Vol 5 ◽  
pp. 480-485 ◽  
Author(s):  
Secărea Tudorel
Keyword(s):  
Decision Making ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Decision Making Process ◽  
Benefit Analysis ◽  
Limited Budget ◽  
Decision Making System ◽  
The Cost ◽  
High Degree ◽  
Bare Minimum

Making decisions on funding or not funding projects is the most difficult process in management, especially for the state services that have a limited budget. The aim of this study is to establish a new simplified system for evaluating small projects based on translating all values into economic terms. The new system tries to simplify the Cost-Benefit Analysis (on which it is based) to the bare minimum and still keep a high degree of relevance to the decision-making process. The conclusions were somewhat remarkable, mostly because the system gives accurate and relevant data for comparing projects despite its simplicity. The other big benefit of this system is its simple nature and ease of understanding even for people with no economic studies.The applied part of this paper involves an analysis of real projects in Brasov County – Romania and the results of applying Cost-Benefit Analysis and the new method for evaluating projects.The paper concludes proposing a new, modern and simple system for improving decision making on small projects.

EVALUATING THE EFFECTIVENESS OF USING FINANCIAL RESOURCES OF MEDICAL ORGANIZATIONS

2020 ◽  
Vol 2 (7) ◽  
pp. 32-38
Author(s):  
S. S. BUDARIN ◽  
◽  
Yu. V. EL’BEK ◽  
V. O. VATOLIN ◽  
◽  
...  
Keyword(s):  
Resource Management ◽  
Medical Care ◽  
Healthcare Reform ◽  
Health Sector ◽  
Financial Resources ◽  
Medical Organization ◽  
Resources Management ◽  
Material Resources ◽  
Public Resources

In the context of the Moscow healthcare reform that has been carried out in recent years, the issues of evaluating the effectiveness of financing the healthcare system and the performance of medical organizations in providing medical care to the population are particularly relevant. Given the limited public resources allocated to the health sector, the quality of management of available financial, human and material resources is becoming more important. The article considers the application of the method of assessing the quality of resource management, introduced in Moscow since 2016, and its results in terms of evaluating the effectiveness of financial resources. It is revealed that the effectiveness of financial resources management is influenced by certain indicators that characterize the organization of management of the main activities of a medical organization.

scholarly journals Active cutaneous warming systems to prevent intraoperative hypothermia: a systematic review

2012 ◽  
Vol 20 (1) ◽  
pp. 183-191 ◽  
Author(s):  
Vanessa de Brito Poveda ◽  
Edson Zangiacomi Martinez ◽  
Cristina Maria Galvão
Keyword(s):  
Systematic Review ◽  
Decision Making ◽  
Body Temperature ◽  
Cost Benefit ◽  
Controlled Trials ◽  
Decision Making Process ◽  
Circulating Water ◽  
Randomized Controlled ◽  
Intraoperative Hypothermia ◽  
The Cost

This study analyzed the evidence available in the literature concerning the effectiveness of different active cutaneous warming systems to prevent intraoperative hypothermia. This is a systematic review with primary studies found in the following databases: CINAHL, EMBASE, Cochrane Register of Controlled Trials and Medline. The sample comprised 23 randomized controlled trials. There is evidence in the literature indicating that the circulating water garment system is the most effective in maintaining patient body temperature. These results can support nurses in the decision-making process concerning the implementation of effective measures to maintain normothermia, though the decision of health services concerning which system to choose should also take into account its cost-benefit status given the cost related to the acquisition of such systems.

Evolutionary Bayesian Belief Networks for Participatory Water Resources Management under Uncertainty

2011 ◽  
pp. 524-539
Author(s):  
R. Farmani ◽  
D.A. Savic ◽  
H.J. Henriksen ◽  
J.L. Molina ◽  
R. Giordano ◽  
...  
Keyword(s):  
Decision Making ◽  
Water Resources ◽  
Water Resources Management ◽  
Bayesian Belief Networks ◽  
Decision Making Process ◽  
Causal Loop Diagram ◽  
Belief Networks ◽  
Trade Off ◽  
Resources Management ◽  
Conflicting Objectives

A participatory integrated (social, economic, environmental) approach based on causal loop diagram, Bayesian belief networks and evolutionary multiobjective optimisation is proposed for efficient water resources management. The proposed methodology incorporates all the conflicting objectives in the decision making process. Causal loop diagram allows a range of different factors to be considered simultaneously and provides a framework within which the contributions of stakeholders can be taken into account. Bayesian belief networks takes into account uncertainty by assigning probability to those variables whose states are not certain. The integration of Bayesian belief network with evolutionary multiobjective optimisation algorithm allows analysis of trade-off between different objectives and incorporation and acknowledgement of a broader set of decision goals into the search and decision making process. The proposed methodology is used to model decision making process for complex environmental problems, considering uncertainties, addressing temporal dynamics, uncovering discrepancies in decision analysis process (e.g. completeness or redundancy of the model based on utility function) and generating policy options that trade-off between conflicting objectives. The effectiveness of the proposed methodology is examined in several water resources management problems. The case studies include optimum water demand management, UK; management of groundwater contamination of Copenhagen source capture zone areas, Denmark and simultaneous optimum management of four overexploited aquifers in Spain. It is shown that the proposed methodology generates large number of management options that trade-off between different objectives. The remaining task is to choose, depending on the preference of decision makers, a group of solutions for more detailed analysis.

scholarly journals Analysis of the financial economy of the Armed Forces Modernisation Fund

2020 ◽  
Vol 196 (2) ◽  
pp. 468-479
Author(s):  
Konrad Stańczyk
Keyword(s):  
Public Services ◽  
Armed Forces ◽  
Development Programme ◽  
Financial Resources ◽  
Legal Personality ◽  
National Budget ◽  
Public Resources ◽  
Financial Economy ◽  
As Effects

The implementation of defence activities requires the allocation of specific financial resources for this purpose. The scope and quality of these activities often depends on the amount of the allocated funds. The vast majority of them come from the national budget. There are also specific organisational and legal solutions allowing for the possibility of financing defence expenditures, including financing of the Armed Forces from other sources off-budget. One of such solutions is the Armed Forces Modernisation Fund, which functions as a special purpose fund. This fund is a national special purpose fund, which has no legal personality and is one of the sources of financing of the Armed Forces Development Programme. Its main advantage is the fact that it is not subject to rigid budgetary discipline, which makes it possible to continue financing certain public services over the next few financial years. Such a solution allows for the intended accumulation of public resources which have not been used by the fund before the end of the calendar year. The aim of this study is to analyze the financial economy, i.e. the analysis of revenues and costs as well as effects of tangible property expenses incurred by the Armed Forces Modernization Fund. The analysis covers the period of the years 2016-2018.

scholarly journals Vibration Edge Computing in Maritime IoT

2022 ◽  
Vol 3 (1) ◽  
pp. 1-18
Author(s):  
Anna Lito Michala ◽  
Ioannis Vourganas ◽  
Andrea Coraddu
Keyword(s):  
Decision Making ◽  
Edge Computing ◽  
Decision Making Process ◽  
Process Data ◽  
Content Type ◽  
Time Dynamic ◽  
Data Volume ◽  
Promising Solution ◽  
The Cost ◽  
The Impact

IoT and the Cloud are among the most disruptive changes in the way we use data today. These changes have not significantly influenced practices in condition monitoring for shipping. This is partly due to the cost of continuous data transmission. Several vessels are already equipped with a network of sensors. However, continuous monitoring is often not utilised and onshore visibility is obscured. Edge computing is a promising solution but there is a challenge sustaining the required accuracy for predictive maintenance. We investigate the use of IoT systems and Edge computing, evaluating the impact of the proposed solution on the decision making process. Data from a sensor and the NASA-IMS open repository were used to show the effectiveness of the proposed system and to evaluate it in a realistic maritime application. The results demonstrate our real-time dynamic intelligent reduction of transmitted data volume by without sacrificing specificity or sensitivity in decision making. The output of the Decision Support System fully corresponds to the monitored system's actual operating condition and the output when the raw data are used instead. The results demonstrate that the proposed more efficient approach is just as effective for the decision making process.

scholarly journals Cost and Benefit Analysis of Sports Tourism in Downhill Trek, Cikole Lembang, Bandung Barat District, West Java Province

2021 ◽  
Vol 5 (1) ◽  
pp. 1-9
Author(s):  
Hery Sigit Cahyadi ◽  
Herlan Suherlan ◽  
Muhammad Aldo Dewantara
Keyword(s):  
Cost Benefit ◽  
Sport Tourism ◽  
Benefit Analysis ◽  
Cost And Benefit ◽  
A Value ◽  
Cost Benefit Ratio ◽  
Calculation Results ◽  
Cost And Benefit Analysis ◽  
The Cost ◽  
Benefits And Costs

The purpose of the research is to analyze the cost and benefit analysis and find out the feasibility of sport tourism development at Cikole, Lembang in support the lacal community income. This research was conducted at the Downhill Track Cikole Bike Park in Lembang District and is a tourist attraction in the form of downhill bicycle track facilities. The number obtained is the result of calculating the comparison between benefits and costs and shows the value that can be defined as a feasible activity, because the numbers obtained have a value of more than 1 which is an indication of eligibility with a results in the form of> 1 declared feasible and if <1 (less of) is declared ineligible. Based on the calculation results of the Cost-Benefit Ratio (CBR) analysis with the final result in the form of a comparison value of 3,3128528. With the increase in the number of visits and opening of new jobs, the results of the analysis in the form of downhill activities have been declared feasible.

scholarly journals THE CONSUMER DECISION OF CHANGES PURCHASING GLASSES IN OPTICAL NAOMY YEAR 2019

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Wahjoe Handini Dina ◽  
Ita Puji Lestari
Keyword(s):  
Decision Making ◽  
Decision Process ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Purchase Decision ◽  
Decision Making Process ◽  
Benefit Analysis ◽  
Cross Sectional ◽  
Descriptive Research ◽  
Optical Glasses

The purchase decision process is the process through which consumers when buying a product. It can be seen as a special form of cost-benefit analysis. This study is about knowing the decision of consumers in the purchase of glasses in the form of design, price, services, promotions and materials. The type of research is descriptive research conducted with the main objective to create a picture or a description of a situation objectively with the approach used in the study is Cross-sectional namely researchers put through observation or measurement variables at one time. Research in Optics Naomy shows that in the period July - September 2019 there were 32 respondents consisting of 19 (59.4%) of female respondents and 13 (40.6%) male respondents - men. Most aged 15-25 years as many as 26 people (81.3%), not married as many as 26 people (81.3%), student / student as many as 23 people (71.9%) and earn less than Rp 1 million, 00 as many as 26 people (81.3%). The majority of respondents in the optical Naomy declare eyeweare design is Good (62,5%), the price of the glasses in the optical Naomy is Less Suitable (65,6%), services in the optical Naomy is Good (65,6%), promotion in the optical Naomy is Good (62,5%), materials in optical glasses Naomy Good (56,2%). The decision making process of consumers in the purchase of glasses in the optical Weleri in this study prefer the design (22%) and services (21.8%), materials (21.2%), price (19.8%) and promotions (15.2 %). 

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