scholarly journals Model Assessment of the Financial Stability of Travel Industry Entities with Reference to Sustainable Development

2021 ◽  
Vol 3 (49) ◽  
pp. 153-159
Author(s):  
R. V. Ivanov ◽  
◽  
V. V. Volkova ◽  
O. S. Koval ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Dynamic Equilibrium ◽  
Travel Agency ◽  
Model Assessment ◽  
Bankruptcy Probability ◽  
Travel Industry ◽  
Effective Development ◽  
Comparison Of The Results ◽  
High Level

The article is aimed at describing and testing a methodology for assessing the probability of bankruptcy of an enterprise operating in travel industry. In analyzing the activities of a travel industry entity with reference to sustainable development, attention is focused on indicators of financial stability and one of the main financial risks, i.e., the threat of bankruptcy. Modern methods of discriminant analysis used to determine bankruptcy probability, are analyzed as for the adequacy of their use to assess the activities of travel industry entities, and the specificity of their application is described. The available performance indices of a travel agency are analyzed, whose indicators of bankruptcy probability were defined and interpreted as showing that the financial situation at the travel agency in question was satisfactory as for its sustainable development. It is confirmed that of the most widely used methods estimating bankruptcy probability, Matviychuk's model and a modified Altman model are the most proper ones in assessing travel industry entities. Comparison of the results of their application with the entity classification made on the basis of a more commonly used Beaver coefficient shows a high level of consistency among the discriminant models considered. It is noted that taking into account the specifics of the model application and choosing financial indicators are the key to conducting a qualitative analysis and implementing effective anti-crisis policy at an enterprise with reference to its sustainable development. Further analysis of travel industry entities with reference to sustainable development is planned to be conducted using the concept of dynamic equilibrium of the economic system and its effective development

scholarly journals The structure of the enterprise’s financial management

2021 ◽  
pp. 10-12
Author(s):  
Olena BROVKOVA ◽  
Hanna KOVALOVA
Keyword(s):  
Operations Management ◽  
Financial Management ◽  
Financial Stability ◽  
Enterprise Management ◽  
Modern Enterprise ◽  
Effective Development ◽  
High Level ◽  
And Control ◽  
Relationship Of ◽  
The Relationship

The paper considers in detail the structure of financial management of the enterprise. The possibility of survival and effective development of the enterprise in dynamic and often unfavorable environmental conditions is determined by how competent managers are in matters of financial management. Skillful management of three processes – current operation, continuous improvement, radical development – determines the effectiveness of enterprise management. Financial management is a very important process of any enterprise in the process of capital movement. The paper considers the main definitions and principles of using financial management sub-processes in the management of a modern enterprise, as well as highlights the relationship of these sub-processes in the appendix to the activities of the financial manager. The principle of financial stability is characterized by such activities of the enterprise through which it could at any time, to settle their debts with their own or borrowed funds. Making a profit (the most key measure of financial efficiency of the enterprise) – getting a positive difference between the total income of the enterprise and its costs (in monetary terms). The scientific prerequisite for financial management is a fairly high level of development of economics. The activity of any enterprise is not possible without the management of facilities or processes (personnel management, operations management, etc.). Thus, any enterprise can be represented in the form of two subsystems – managed and control.

scholarly journals STRATEGIC AREAS OF ENSURING FINANCIALLY SUSTAINABLE DEVELOPMENT OF ENTERPRISES IN UKRAINE

2021 ◽  
Vol 06 (04(01)) ◽  
pp. 47-53
Author(s):  
Karolina Psonka Karolina Psonka ◽  
Maksym Zhytar Maksym Zhytar ◽  
Alla Navolokina Alla Navolokina
Keyword(s):  
Sustainable Development ◽  
Strategic Management ◽  
Financial Management ◽  
Financial Stability ◽  
Management Policy ◽  
Financial Policy ◽  
Management Tools ◽  
Current Asset ◽  
High Level ◽  
Policy Optimization

The article examines strategic areas of ensuring financially sustainable development of enterprises in Ukraine. It proves that the main problem of financial stability of Ukrainian enterprises is the high level of accounts receivable. It presents challenges of ensuring financial stability of local enterprises and offers strategic tools for ensuring financial stability of enterprises. One proves that strategic management of financial stability should take into account not only financial management goals and a type of financial policy but also a kind of financial stability common to the enterprise as of today. Areas of ensuring financial stability using strategic financial management tools include the selection of the target structure of current asset financing, the establishment of principles of cost management policy optimization (relevancy, minimization, planning), which allows specifying measures for gaining targeted financial stability of enterprises. Keywords: strategic areas, enterprises, financial stability, strategic management, financial policy, financial management.

scholarly journals Mechanisms of the sustainable development of non-profit organizations in the region

2020 ◽  
Vol 208 ◽  
pp. 03023
Author(s):  
Elena Dvoryadkina ◽  
Dina Prostova
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Social Climate ◽  
Market Behavior ◽  
The Sustainable Development ◽  
Non Profit ◽  
Organizational Mechanism ◽  
The Social ◽  
Non Profit Organizations ◽  
High Level

This research is focused on the main mechanisms of sustainable development in relation to non-profit organizations (NPO) activities. New laws were adopted, new players appeared on the social field, the social climate was transformed and all these factors, including a number of other influences, made many traditional issues reformulated. Thus, the attention of researchers was focused on the problem of sustainability of non-profit organizations. The authors have reviewed two mechanisms for sustainability of non-profit organizations in their work: 1) financial and 2) organizational. The analysis of the components of factors of NPOs’ financial stability in the region was carried out, as well as the components of the organizational mechanism. Sustainable NPO development in the region is a response to the human society’s need to develop qualitatively, but rather than quantitatively, and in accordance with the constraints resulting from the region’s environment. “The advantage of non-profit organizations is their focus on market behavior, taking into account the specifics of the region, while fully meeting the needs of the founders in performing socially necessary works and services, as well as a high level of independence in making operational decisions, while” [1] subordinating to the strategic targets of the founders.

Influence of internal and external risks on sustainability of financial system of Аltai krai

2018 ◽  
Vol 35 (4) ◽  
pp. 133-136
Author(s):  
R. N. Ibragimov
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Management Strategy ◽  
Financial System ◽  
Risk Management Strategy ◽  
The Sustainable Development ◽  
The Stability ◽  
The Impact

The article examines the impact of internal and external risks on the stability of the financial system of the Altai Territory. Classification of internal and external risks of decline, affecting the sustainable development of the financial system, is presented. A risk management strategy is proposed that will allow monitoring of risks, thereby these measures will help reduce the loss of financial stability and ensure the long-term development of the economy of the region.

scholarly journals Application of an Artificial Neural Network to Automate the Measurement of Kinematic Characteristics of Punches in Boxing

2021 ◽  
Vol 11 (3) ◽  
pp. 1223
Author(s):  
Ilshat Khasanshin
Keyword(s):  
Neural Network ◽  
Artificial Neural Network ◽  
Kinematic Parameters ◽  
Constant Control ◽  
Measurement Units ◽  
Artificial Neural ◽  
Artificial Neural Network Ann ◽  
Effective Development ◽  
High Level ◽  
Different Levels

This work aimed to study the automation of measuring the speed of punches of boxers during shadow boxing using inertial measurement units (IMUs) based on an artificial neural network (ANN). In boxing, for the effective development of an athlete, constant control of the punch speed is required. However, even when using modern means of measuring kinematic parameters, it is necessary to record the circumstances under which the punch was performed: The type of punch (jab, cross, hook, or uppercut) and the type of activity (shadow boxing, single punch, or series of punches). Therefore, to eliminate errors and accelerate the process, that is, automate measurements, the use of an ANN in the form of a multilayer perceptron (MLP) is proposed. During the experiments, IMUs were installed on the boxers’ wrists. The input parameters of the ANN were the absolute acceleration and angular velocity. The experiment was conducted for three groups of boxers with different levels of training. The developed model showed a high level of punch recognition for all groups, and it can be concluded that the use of the ANN significantly accelerates the collection of data on the kinetic characteristics of boxers’ punches and allows this process to be automated.

scholarly journals Progress Assessment and Spatial Heterogeneity Analysis of Water Conservancy Modernization Construction in China

2021 ◽  
Vol 13 (7) ◽  
pp. 3736
Author(s):  
Nan Lu ◽  
Jiwei Zhu ◽  
Hui Chi ◽  
Bing Wang ◽  
Lu Chen
Keyword(s):  
Sustainable Development ◽  
Spatial Heterogeneity ◽  
Sustainable Development Goals ◽  
Water Governance ◽  
Average Score ◽  
The Sustainable Development ◽  
Development Goals ◽  
Water Conservancy ◽  
Index Level ◽  
High Level

To achieve the sustainable development goals established by the United Nations in 2015, China has adopted a series of measures to promote the modernization of water conservancy. However, its construction in China is imbalanced across regions as the endowment of water resources and economic development are distinct. Consequently, it is important to assess the progress of and analyze the spatial heterogeneity of water conservancy modernization construction in China from the perspective of sustainable development goals (SDGs). In this study, 31 regions in China were selected, and data on water conservancy construction in these sampled regions (excluding Hong Kong, Macao, and Taiwan) were collected in 2018. The results show that there exists an imbalanced development in terms of the overall level and the index level. About 60% of the regions scored below the overall average score for China’s current modernization of water conservancy. The eastern areas presented a high level of modernization, while the central, northeast, and western areas showed comparable modernization of water conservancy, all of which lag behind eastern areas of China. Furthermore, China’s water conservancy modernization also presented a strong spatial autocorrelation, and there was at least one deficiency in 55% of the regions, with the rate of deficiencies emerging in the West being much higher than in other regions. In a nutshell, this study provides a novel framework that can be extended to evaluate the SDGs and the effectiveness of water governance in other countries.

scholarly journals Automated monitoring system for events detection in sewer network by distribution temperature sensing data measurement

2018 ◽  
Vol 78 (7) ◽  
pp. 1499-1508
Author(s):  
Abdelhak Kessili ◽  
Jes Vollertsen ◽  
Asbjørn Haaning Nielsen
Keyword(s):  
Large Data ◽  
Temperature Sensing ◽  
Wastewater Discharge ◽  
Sewer Pipe ◽  
Temperature Changes ◽  
Set Up ◽  
Comparison Of The Results ◽  
Events Detection ◽  
High Level ◽  
Automated Tool

Abstract This study is related to distribution temperature sensing (DTS) in sewers for tracing illicit or unintended inflows to foul sewers. A DTS measurement is performed with a fiber optic cable that is installed at the invert of a sewer pipe in combination with a standalone laser/computer instrument. This set-up generates in-sewer temperature measurements with high resolutions in time (every minute) and space (every metre) along the cable over long periods of time (weeks on end). The prolonged monitoring period in combination with the high level of detail in the dataset allows the study of anomalies (i.e., unexpected temperatures and/or temperature variations at certain locations), even if these only occur very infrequently. The objective of this paper is to develop an automated tool to analyze the large data masses and identify anomalies caused by illicit or unintended inflows. In this study, an algorithm for detecting the temperature changes that are caused by both wastewater discharge and inflow of stormwater are developed. A comparison of the results of the automated procedure to the results of a manual assessment of the datasets (Elmehaven, Denmark) shows that the automated procedure performs very well.

scholarly journals Sustainability and Depletion Accounting: A Case Study of Oil in Libya

2017 ◽  
Vol 7 (1) ◽  
pp. 34 ◽  
Author(s):  
Abdulrazag Mohamed Etelawi ◽  
Keith A. Blatner ◽  
Jill McCluskey
Keyword(s):  
Sustainable Development ◽  
Planning Process ◽  
National Income ◽  
Policy Makers ◽  
The Sustainable Development ◽  
Time Period ◽  
Oil Resources ◽  
Income Development ◽  
Per Capita ◽  
High Level

There is a strong need to study sustainability and depletion accounting of oil in the Libyan economy because oil production and export is the single largest source of national income in the country. This study covers the time period from 1990 to 2009. Throughout this period, the Libyan national economy used its oil and petroleum industries to increase national income. Development sustainability can be defined as investment divided by GDP. This measure provides an indication of the low level of sustainable development in Libya over the period of analysis, which is 0.38 on average. It is important that the Libyan government develop and implement plans and strategies for achieving sustainability and the maintenance of oil resources.Carbon dioxide emissions provide another indication of the presence or absence of sustainability. The ratio of carbon dioxide ranged from a minimum of 8.50 metric tons per capita in 1990 to 10.00 metric tons per capita in 2009 and average 9.07 metric tons per capita over the course of the study period. CO2 emissions were also much higher than other countries in the Middle East and North Africa. This suggests there was relatively little interest in the sustainable development of the Libyan economy during this period. The Environment Domestic Product (EDP) increased sharply from the beginning of the study at $24.23 billion in 1991 to $45.87 billion in 2009 in constant dollars. Again, one can infer that policy makers did not consider the depletion of oil resources and the environment in their planning process, or at least did not place a high level of concern on this issue.

scholarly journals How strong is the integrity disclosure in Indonesian Province website?

2021 ◽  
Vol 3 (1) ◽  
pp. 33-44
Author(s):  
Maria Hellenikapoulos ◽  
Intiyas Utami
Keyword(s):  
Sustainable Development ◽  
Content Analysis ◽  
Local Governments ◽  
Sustainable Development Goals ◽  
Real Life ◽  
Good Image ◽  
The Public ◽  
Strategic Issue ◽  
Development Goals ◽  
High Level

The high level and trend of corruption in Indonesia Province could hinder the goal of Sustainable Development Goals point 16. This study aims to identify disclosures of integrity through websites and classify the Indonesia Provinces into 3 categories, namely high, medium, and low based on the integrity disclosure index using institutional theory. The data is based on content analysis to analyze practices through disclosure of integrity on 34 Indonesian Province websites using the Integrity Framework Disclosure Index instrument. The findings indicate that Indonesia has disclosed 775 items (48%). The items of vision, mission, and integrity report are the biggest disclosed items among other items that show Indonesia’s effort to create a “good image” in the public eyes. Several Provinces are in the moderate category because of a strategic issue in the field of education. Local governments still have to review the increase in integrity disclosure on websites and their real-life implementation to improve integrity and fight corruption in Indonesia.

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