scholarly journals System Balance Index as an Indicator of the Russian Gas Industry’s Sustainable Growth

2021 ◽  
Vol 25 (4) ◽  
pp. 37-47
Author(s):  
G. B. Kleiner ◽  
M. A. Rybachuk ◽  
A. N. Steblyanskaya

The paper examines an approach to developing a strategy for the Russian gas industry’s sustainable growth based on the system economic theory’s methodology. The aim of the study is to evaluate the current state of the industry by calculating sustainable growth indices. Grey Relational Analysis (GRA) reveals a deep relationship between sustainable growth indices and Return on equity ( ROE ), Lambert Energy Index ( LEI ), Return on environmental investments (ROEenv ), and Return on social investments (ROEsr ). The system balance index ( SBI ) is calculated, which expresses the intensity of links between the financial, energy, environmental and social subsystems of the gas industry. The results show that the Russian gas industry companies are characterized by a low level of ROEenv or ROEsr , negatively affecting the SBI value. The authors conclude the importance of environmental protection and social responsibility for achieving sustainable industry growth should not be underestimated. This circumstance should be taken into account when setting strategic goals for companies in the gas industry. According to the authors, applying system economic theory to achieve sustainable growth goals has huge potential to overcome economic phenomena and improve company management practices.

Mathematics ◽  
2021 ◽  
Vol 9 (15) ◽  
pp. 1715
Author(s):  
Shih-Chia Chang ◽  
Ming-Tsang Lu ◽  
Mei-Jen Chen ◽  
Li-Hua Huang

Since its conception, corporate social responsibility (CSR) has seen continuous growth and become a highly discussed issue. In this paper, we propose an evaluation of how the COVID-19 pandemic could impact CSR applications. The pandemic has provided an opportunity for commerce to move on to being more authentic, to offer genuine CSR applications and to contribute toward dealing with pressing environmental and social issues. Hence, this purpose of the research is to obtain a better understanding of whether the integration of environment, social, corporate governance and economic (ESGE) aspects into CSR strategies can support sustainable development toward more sustainable growth during the COVID-19 pandemic. To meet this challenge, we offer a mixture multiple-criteria decision making (MCDM) model. Very few empirical studies have discussed CSR in the high-tech industry and proposed strategies and planning for ESGE efficiency. Using interviews with experts and a literature review, we identify the elements related to actual practices of the high-tech industry’s appraisal and the integrated MCDM techniques to suggest efficient enhancement models. The best worst method (BWM) and modified VIKOR are implemented to estimate the strategic weights and the gaps of the aspiration value. The results are valuable for classifying the priorities of CSR and are therefore helpful for those who are associated with high-tech industry management, practices and implementation.


2018 ◽  
Vol 19 (4) ◽  
pp. 1050-1071 ◽  
Author(s):  
Lalit Arora ◽  
Shailendra Kumar ◽  
Piyush Verma

An important parameter to gauge the reasons behind success (failure) of a firm in the form of sustainable growth rate provides useful insights to managers and investors. This research analyzes the variations in calculations and suitability of method of calculating this growth rate using two different formulas. It also intends to examine the extent to which these variations in sustainable growth rate are explained by some of its important determinants. Using panel data regression by decomposing return on equity into net profit margin, asset turnover and financial leverage, results suggest that four key ratios are robust in capturing the variations in sustainable growth rate even after introducing industry-specific factors like industrial growth and inflation in the regression equations. Sustainable growth rate calculated only on the basis of percentage change in book value of equity provides an aggregate view depicting that any changes in sustainable growth rate across industries are random. Further analysis provides evidence that net profit margin drives the sustainable growth of firms in the Indian manufacturing sector.


2020 ◽  
Vol 60 (2) ◽  
pp. 537
Author(s):  
Andrew Taylor

Associated with the growth of Australia’s oil and gas industry over the past 40 years, our oceans currently host oil and gas production and transportation infrastructure that will cost ~AU$30 billion to decommission. National Energy Resources Australia (NERA) is one of six industry growth centres (IGC) funded by the Australian Government. NERA is investigating opportunities for transforming the way that Australia manages its upcoming decommissioning activities. In 2019, NERA undertook a series of stakeholder consultations to refresh our understanding of Australia’s decommissioning outlook. Feedback was received through more than 20 interviews and follow-up surveys with the service sector, operators, research organisations, regulators and consultants. This paper highlights the outcomes of this review and NERA’s view on opportunities to position Australia favourably to manage decommissioning in a way that maximises benefits.


2019 ◽  
Vol 11 (10) ◽  
pp. 2956 ◽  
Author(s):  
Hannah Santos ◽  
Gustavo Lannelongue ◽  
Javier Gonzalez-Benito

The pressures exerted by the market, society, regulators and/or clients on organisational environmental responsibility have required companies to adopt environmental management practices. Within this process, integration with suppliers and customers is important to enable companies to meet these demands, and at the same time achieve their organisational goals. Using empirical results from 117 respondents on Green Supply Chain Management (GSCM) practices among Brazilian manufacturers, we examined the impact of the adoption of green practices on operational performance. To do so, we developed a questionnaire to collect the variables on environmental practices and operational performance in manufacturing firms in Brazil, an emerging economy in which this sector accounts for 25% of its Gross Domestic Product (GDP). The results show that the adoption of GSCM between suppliers and/or customers has a positive effect on operational performance. This means companies can benefit from a green supply chain by cooperating with upstream suppliers of environmentally responsible production technology and by exchanging environmental information with them, as well as considering the views of customers and green consumers in their production processes. This study provides empirical support for managers promoting environmental practices that may lead to operational performance and sustainable growth.


Author(s):  
Urmila Itam ◽  
Nitu Ghosh

Experimental organizations must rebuild their people management practices in accommodating multi-generational workforces. The idea of keeping employee experience as a central theme in strategy making has a positive impact on business performance in many ways. The main purpose of this article is to explore the concept of employee experience in the current HR context and identify its drivers and key outcomes. The study considered the four-phase research process: the physical space; the human experience; and the digital realm are the three important dimensions of employee experience. Top management in association with the new HR approach to set the tone and stage for a positive employee experience, not only increases employee satisfaction and productivity, but also engages the multi-generational workforce, competitive advantage, and sustainable growth. The scope for the further study could include the quantitative testing of the developed design, in addition to looking more in depth of the antecedents and consequences of a positive employee experience.


SPE Journal ◽  
2019 ◽  
Vol 24 (05) ◽  
pp. 2195-2208 ◽  
Author(s):  
Siti Nur Shaffee ◽  
Paul F. Luckham ◽  
Omar K. Matar ◽  
Aditya Karnik ◽  
Mohd Shahrul Zamberi

Summary In many industrial processes, an effective particle–filtration system is essential for removing unwanted solids. The oil and gas industry has explored various technologies to control and manage excessive sand production, such as by installing sand screens or injecting consolidation chemicals in sand–prone wells as part of sand–management practices. However, for an unconsolidated sandstone formation, the selection and design of effective sand control remains a challenge. In recent years, the use of a computational technique known as the discrete–element method (DEM) has been explored to gain insight into the various parameters affecting sand–screen–retention behavior and the optimization of various types of sand screens (Mondal et al. 2011, 2012, 2016; Feng et al. 2012; Wu et al. 2016). In this paper, we investigate the effectiveness of particle filtration using a fully coupled computational–fluid–dynamics (CFD)/DEM approach featuring polydispersed, adhesive solid particles. We found that an increase in particle adhesion reduces the amount of solid in the liquid filtrate that passes through the opening of a wire–wrapped screen, and that a solid pack of particle agglomerates is formed over the screen with time. We also determined that increasing particle adhesion gives rise to a decrease in packing density and a diminished pressure drop across the solid pack covering the screen. This finding is further supported by a Voronoi tessellation analysis, which reveals an increase in porosity of the solid pack with elevated particle adhesion. The results of this study demonstrate that increasing the level of particle agglomeration, such as by using an adhesion–promoting chemical additive, has beneficial effects on particle filtration. An important application of these findings is the design and optimization of sand–control processes for a hydrocarbon well with excessive sand production, which is a major challenge in the oil and gas industry.


Author(s):  
Ranjeet Kour ◽  
B. C. Sharma ◽  
Anil Kumar ◽  
Paramjeet Kour ◽  
Brij Nandan

The field experiments were carried out during rabi season of 2009-10 and 2010-11 at the Research Farm of Sher-e-Kashmir University of Agricultural Sciences and Technology of Jammu, Chatha to assess the physiological growth indices in chickpea+mustard intercropping system under different weed management practices. The significant superiority of replacement series treatment for leaf area index of chickpea over additive series treatment was noticed. The crop of sole chickpea was followed by replacement and additive series treatments in recording highest dry matter, crop growth rate and net assimilation rate values. Sole stand of chickpea recorded numerically higher relative growth rate (RGR) followed by replacement and additive series treatments. Weed free treatment recorded numerically the highest crop growth rate (CGR) and net assimilation rate (NAR) of chickpea at all the stages of observation. Sole chickpea produced higher yield as compared to chickpea+mustard when grown in additive and replacement series in the respective order.


2017 ◽  
Vol 16 (3 (2017)) ◽  
pp. 341-364
Author(s):  
Oleksandr Dzyublyuk

The preconditions, causes and peculiarities of the global financial and economic crisis created the basis for the withdrawal of central banks from their traditional limited range of instruments of monetary influence on the economy and the transition to the active use of unconventional monetary policy measures. The Federal Reserve was the first central bank which used the unconventional measures of monetary policy as a key factor in overcoming the recession and bringing the US economy to a sustainable growth path. The traditional instruments of monetary regulation during the period of aggravation of financial crisis on the money markets turned out complete ineffective, that had the destructive consequences for the economy. That is why so important is the analysis of the reasons for this ineffectiveness and the necessity of use of unconventional instruments. The practical mechanism of using such unconventional instruments of the Fed includes such as large-scale asset purchases and FOMC’s forward guidance about intentions. And it is hard to underestimate the role of these tools in the withdrawal of the American economy from the state of recession. Also important are innovative credit policy programs that have been used by the Federal Reserve during the period of growing crisis, in terms of increasing the effective ness of its impact on the financial stabilization of the banking system, providing markets with liquidity and stimulating domestic demand. The use of unconventional monetary policy instruments aims to achieve a wide range of strategic goals that include not only price stability but also economic growth and low unemployment. Thus, based on the powerful influence of the Fed’s monetary policy on the dynamics of the main economic parameters, it is expedient to apply a dual mandate in formulating the strategic goals of the central bank.


2020 ◽  
Vol 7 (1) ◽  
pp. 53-69
Author(s):  
Moses M. Adagbabiri ◽  
Ugo Chuks Okolie

The impact of human resource management (HRM) practices on organizational performance has been subject of discourse among social scientists from a wide range of disciplines in the last two decades. But unfortunately, very insufficient number of studies in this area has been conducted in Nigeria and other developing countries. This study was undertaken to fill this obvious research gap. The author applied descriptive method and collected the data via a survey of 164 respondents in Nigerias Oil and Gas Industry. Data collected were analyzed using Pearson product moment correlation and t-test analysis. The study found that there is a significant relationship between HRM practices and organizational performance. As predicted, the study revealed that human resource management practices exert positive and statistically significant impact on organizational performance. Requisite conclusion and recommendations were provided in the light of theoretical and empirical findings. With this study, we hope to contribute to a better understanding of the role of HRM practices in creating and sustaining organizational performance, specifically in the Nigerian context.


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