A mathematical model to evaluate return on investment in higher education

2021 ◽  
Vol 20 (4) ◽  
pp. 772-788
Author(s):  
Valeriya S. ARTEEVA ◽  
Angi E. SKHVEDIANI
Keyword(s):  
Higher Education ◽  
Mathematical Model ◽  
Business Processes ◽  
Management Decision ◽  
Peter The Great ◽  
Organizational Competencies ◽  
Management Decision Making ◽  
Documentation Systems ◽  
Three Stages ◽  
Business Analyst

Subject. The article assesses the effectiveness of investments in higher education. Objectives. The aim is to assess the performance of investments in higher education for a Master’s student at the Peter the Great St. Petersburg Polytechnic University, in the field of Economics, Business Analyst Specialty. Methods. The methodology, presented in the study, includes three stages. The first assesses the demand for skills, the second assesses how the supply of skills match the demand, and the third – the effectiveness of investments in higher education, based on the developed mathematical model, scenario analysis, and decision tree. Results. We revealed that for a business analyst, the most important categories of skills are project management, decision-making, organizational competencies, communication, and knowledge of corporate software. The most required skills in these categories are the knowledge of business processes, project documentation, systems thinking, teamwork, communication, and well-bred speech. The analysis of correspondence between the competencies required by employers and those acquired in the training process showed that Master’s graduates meet the demand for the position of a business analyst in the labor market by 69%. Conclusions. The evaluation of the effectiveness of investment in higher education for a Master’s student of the Peter the Great St. Petersburg Polytechnic University, in the field of Economics, Business Analyst Specialty, shows that it is more profitable for a Bachelor graduate to continue studying for a Master's degree, rather than go straight to work.

scholarly journals Algorithm of optimal management for the efficient use of energy resources

2019 ◽  
Vol 110 ◽  
pp. 02052 ◽  
Author(s):  
Sergey Krasnov ◽  
Sergey Sergeev ◽  
Elizaveta Zotova ◽  
Nadezhda Grashchenko
Keyword(s):  
Mathematical Model ◽  
Decision Making ◽  
Energy Resources ◽  
Management Decision ◽  
Optimal Management ◽  
Negative Effects ◽  
Optimal Decisions ◽  
Maximum Profit ◽  
Management Decision Making ◽  
Business Entities

The paper presents the results of the developed algorithms aimed at optimizing management decision-making by the administration of megalopolises. A mathematical model is obtained within the concept of digital economy. The regulatory action of dispositive decisions is aimed at business entities whose activities are externalized while consuming energy resources. Since any resources are used unevenly throughout the year, the authors apply the methods of the theory of optimal decisions. The criterion is the functional reflection of the balance between the maximum profit, the comfort of living conditions, and the environmental conditions. The results obtained make it possible to take administrative decisions in an optimal way, which reduces the negative effects of externalities and results in the most efficient use of energy resources.

Audit Sistem Informasi Menggunakan Cobit 4.1 pada PT. Erajaya Swasembada, Tbk.

2016 ◽  
Vol 6 (2) ◽  
pp. 111-124
Author(s):  
Wella Wella ◽  
Johan Setiawan
Keyword(s):  
Information And Communication Technologies ◽  
Enterprise Resource Planning ◽  
Business Processes ◽  
Resource Planning ◽  
Management Decision ◽  
Maturity Model ◽  
Control Mechanisms ◽  
Management Decision Making ◽  
Information And Communication ◽  
Communication Control

Main priority aspects of information and communication technologies is given to a control or control mechanisms, both internal and external, to ensure that the report and the decision received and generated by the management decision-making is an honest and have high integrity based on the results of the audit conducted on based systems of information and communication technology. The object of research is the PT Erajaya Swasembada, Tbk. This company was founded in 1990, running a business as a distributor of mobile phones, which have widespread outlets in various cities in Indonesia. Business processes studied include sales, purchasing, finance, and the warehouse. The system used is “Erajaya Live Application Server” version of the July-December 2012 and based ERP (Enterprise Resource Planning). The research was including a General Controls, Boundary Controls, Input Controls, Process Control, Output Controls, Database Control, Application Communication control, and Operating system controls. Data collection methods by performing interviews with the IT managerial departments, distributed questionnaires to the five respondents form of answer was “Yes”, “No” or “Do not Know”, and also observations to the PT Erajaya Swasembada, Tbk. The collected data were analyzed using techniques COBIT 4.1. The results obtained 15 audit findings. The results of maturity model formulation were known domain Plan and Organize at level 4, Acquire and Implement at level 5, Deliver and Support at level 4, Monitor and Evaluate at level 4. Index Terms - Audit, COBIT 4.1, Maturity Model.

Incorporating Knowledge Sharing As a Sustainable Competitive Advantage with Business Processes

2013 ◽  
Vol 3 (3) ◽  
pp. 41-53
Author(s):  
Maziar Azimzadeh Irani ◽  
Mohd Zulkifli Mohd Ghazali ◽  
Hassan Mohd. Osman
Keyword(s):  
Competitive Advantage ◽  
Knowledge Sharing ◽  
Organizational Performance ◽  
Business Process ◽  
Business Processes ◽  
Management Decision ◽  
Future Research ◽  
Sustainable Competitive Advantage ◽  
Knowledge Based ◽  
Management Decision Making

Objective - This paper aims to clarify the importance of knowledge sharing application in businesses, and to illuminate the effect of knowledge sharing as the key compartment of knowledge management on business process and organizational performance based on current research. Finally, this paper endeavours to suggest a model and some recommendation for future research. Methodology/Technique - A qualitative method based on a comprehensive search of numerous leading databases has been utilized for the purpose of this study. Findings - Knowledge sharing influences organizational performance from diverse aspects like; management, decision making, and production procedure. In knowledge based societies, the ability of a company to create, sustain, and communicate knowledge has a major impact on its performance. Knowledge sharing is the basis of competitive advantage due to its implicit dimension and the complexity to imitate or substitute. Therefore, companies who are capable of achieving a successful knowledge sharing are likely to perform better. Novelty - Knowledge sharing affects business overall performance. Therefore, knowledge sharing should be incorporated into business processes in order to maintain a business, organizational performance at a competitive level. Type of Paper: Review Keywords: Knowledge Sharing; Business Process; Organizational Performance;Organizational Success; Competitive Advantage.

Management decision-making algorithm development for planning activities that reduce the production risk level

2019 ◽  
Vol 1-2 (93) ◽  
pp. 41-49
Author(s):  
O. Kruzhilko ◽  
V. Maystrenko
Keyword(s):  
Mathematical Model ◽  
Preventive Measures ◽  
Management Decision ◽  
Expert Assessment ◽  
Management Decisions ◽  
Production Risk ◽  
Model Of Management ◽  
Management Decision Making ◽  
Expert Assessments ◽  
Industrial Risk

Purpose: Algorithm development for a measures phased expert assessment to reduce production risk at an industrial enterprise to adapt the expert method to the conditions for specific problem solving. Design/methodology/approach: To develop an algorithm for making management decisions, a step-by-step solution process was used. If the problem is solved under conditions of complete or partial uncertainty, an expert method of estimation was applied. In the mathematical model of management decision-making used criterion approach. At the same time, the methods of Sevij, Wald, and Hurwitz are considered to determine the criterion for choosing management decisions. Findings: A phased expert assessment of measures that reduce production risk at an industrial enterprise with the introduction of weighting factors in specified criteria is proposed. The expediency of applying the method of expert assessments and the Hurwitz criterion when planning measures to reduce industrial injuries is justified, since this approach links the preventive measures in the field of labour protection with the results of risk assessment and reduces subjectivity in making management decisions. Research limitations/implications: The proposed algorithm for expert assessment of measures to reduce production risk is universal for industrial enterprises. Practical implications: An algorithm has been developed to substantiate managerial decisions to reduce the production risks of the occurrence of traumatic events when planning preventive measures, which involves applying criteria for selecting measures based on the method of expert assessments and applying the Gurwitz criterion. Originality/value: Developed a consistent model of industrial risk management, which is based on a component method of assessing the risk of traumatic events and a mathematical model of management decisions. This model differs from the existing ones, taking into account all available risk-relevant information of the enterprise, stimulates preventive activity, and allows establishing the dependence of the level of industrial risk on the validity of measures on occupational safety and reducing the influence of the subjective component of expert judgments.

scholarly journals Enterprise Applications Portfolio Management Utilizing COTS

10.28945/2764 ◽  
2004 ◽  
Author(s):  
Masafumi Kotani
Keyword(s):  
Portfolio Management ◽  
Business Processes ◽  
Point Of View ◽  
Model Transformations ◽  
Management Decision ◽  
Total Cost Of Ownership ◽  
Management Framework ◽  
Cost Of Ownership ◽  
Management Decision Making ◽  
Asset Portfolio

The software assets that an enterprise applies toward the management of its business processes are bound to evolve in response to business model transformations dictated by changing management environments. Both a given set of software and its associated data form an asset portfolio that needs to be well managed to generate the greatest possible return over time. Tradeoffs between the TCO (Total Cost of Ownership, consisting of development and subsequent maintenance costs) and implementation speed present significant challenges to management decision-making. Here, a portfolio configuration management framework designed from a decision-maker’s point of view is proposed, and an experimental evaluation result is reported.

scholarly journals FORMATION OF THE CONTROL SYSTEM AT THE ENTERPRISES OF HOTEL AND RESTAURANT BUSINESS: THEORETICAL AND METHODOLOGICAL ASPECT

2021 ◽  
Author(s):  
Liliia Honchar ◽  
◽  
Olha Aukhimik ◽  
Keyword(s):  
Business Processes ◽  
Structural Model ◽  
Information Support ◽  
Enterprise Management ◽  
Management Decision ◽  
Controlling System ◽  
Analysis And Synthesis ◽  
Management Decision Making ◽  
Definition Of ◽  
The Individual

Modern market conditions dictate the new rules of operation for enterprises and require improvement of the enterprise management process. That is why it is important to organize a controlling system at the enterprise to optimize and improve the efficiency of microeconomics management in the hotel and restaurant business. Awareness of the relevance led to the definition of the subject of research, which are scientific and applied principles and approaches, methods and tools of the controlling system in the hotel and restaurant business. The purpose of the paper is a comprehensive analysis and systematic generalization of theoretical and methodological aspects of the formation of the controlling system in the hotel and restaurant business. To solve certain tasks, a system of general scientific and special methods was used: historical and logical, comparative, logical generalization, analysis and synthesis, graphic, etc. A comprehensive approach to analysing and summarizing the definitions of the category of «controlling» allows to interpret controlling in the hotel and restaurant business; that is, controlling as a management system of one or more processes of the enterprise, is aimed at achieving and maintaining strategic goals and includes information support, evaluation, coordination, optimization and control of the activities of all functional and management units for the implementation of the strategic plan. In addition, the classification of types of controlling in terms of different approaches, which expands and deepens the study of the economic essence and content of the scientific category. The main prerequisite for achieving effective functioning of the hospitality industry is a successfully organized process of controlling the company, which includes taking into account the external and internal environment, which are constantly changing under the influence of uncontrolled factors and create new conditions for the enterprise; taking into account the peculiarities of business processes in the hotel and restaurant business, which will allow the most effective management activities at the enterprise, taking into account all the individual nuances of the enterprise; providing management with relevant information that allows you to respond in a timely manner to unexpected changes in the enterprise; regulating the results of activities that optimize the management decision-making process, by analysing the potential impact of deviations on the probability of achieving the goal. Based on the analysis and generalization of information, a structural model of the controlling system in the hotel and restaurant business was designed and substantiated, which comprehensively takes into account the peculiarities of the enterprise, without which the hotel and restaurant complex as a single integrated mechanism is impossible. The methodological tools of the controlling system are substantiated, a comprehensive combination of which will systematically cover the key activities of enterprises in the hotel and restaurant business and, as a consequence, provide a stable long-term competitive advantage in the changing and unstable business environment.

Agricultural land management accounting and internal reporting on their use

10.12737/2427 ◽  
2014 ◽  
Vol 8 (4) ◽  
pp. 15-21
Author(s):  
Закирова ◽  
Alsu Zakirova ◽  
Клычова ◽  
Guzaliya Klychova ◽  
Клычова ◽  
...  
Keyword(s):  
Business Processes ◽  
Agricultural Land ◽  
Management Accounting ◽  
Management Decision ◽  
Agricultural Lands ◽  
Management Decision Making ◽  
The Right ◽  
Key Indicators ◽  
Agricultural Land Management ◽  
Management Reporting

The article discusses the concept of management accounting as a system, that provides information on agricultural lands and the effectiveness of their usage of different users groups. An approach to management accounting organization of agricultural land, based on processes, is outlined. The authors shows a universal model of the internal management reporting on agricultural lands. The key indicators of the form must be: the quantity and evaluation of lands for agricultural purposes, owned by organization; the quantity and evaluation of leased land with the right of redemption, including the beginning of the period, at the end of the period, partially redeemed; the quantity and evaluation of land, received in rent up to 5 years; the quantity and evaluation of agricultural land by type, depending on the appointment of the target and use; the costs by type of land and its relationship to the main business processes; the performance indicators of individual types of lands; the refractive efficiency of land usage. Thus, an internal reporting is the main source of information for management decision-making on evaluation and optimization of the structural units, business processes and other segments of the agricultural organization.

Sign in / Sign up

Export Citation Format

Share Document