scholarly journals Features of Modeling the Probability of Bankruptcy Using Discriminant Models with Application in Economic Forensics

2021 ◽  
Vol 2 (517) ◽  
pp. 88-93
Author(s):  
I. V. Hubanova ◽  
Keyword(s):  
Financial Economic ◽  
Point Of View ◽  
Foreign Firms ◽  
Economic Activities ◽  
Crisis Situation ◽  
Managerial Decisions ◽  
Discriminant Models ◽  
Probability Of Bankruptcy ◽  
Negative Factors ◽  
Adequate Management

The article is aimed at studying the methodologies of forecasting bankruptcy, their application in forensic economic expertise, which will allow to make managerial decisions substantiated from the point of view of financial security of an enterprise and create opportunities for stable functioning and development of the enterprise. All enterprises are affected by negative factors and may find themselves in a crisis situation. That is why the management of enterprise should apply all existing measures to prevent bankruptcy and overcome crisis situations. Any crisis situation can be corrected if you respond to crises in time and form a balanced and adequate management system. Therefore, the use of bankruptcy forecasting methodologies will allow the management of enterprise to identify in advance negative trends in its development. The article analyzed the existing discriminant models for determining the probability of bankruptcy with their application in forensic economic expertise. In modern practice of the financial-economic activities of foreign firms, to assess the probability of bankruptcy, the discriminant models of Altman, Beaver, Taffler, Tishaw and some others received the widest application. It is defined that for a more justified forecast, it is advisable to use several methods at the same time to predict the probability of insolvency (bankruptcy) of enterprise. It is proposed to use a set of models to determine the probability of bankruptcy of enterprise in solving issues of economic forensic expertise, which will significantly increase the degree of probability of the results obtained. The proposed measures can be used not only to diagnose the likelihood of bankruptcy, but also to develop anti-crisis measures.

SUSTAINABLE MANAGEMENT OF PEAT EXTRACTION FIELDS

2019 ◽  
Vol 1 ◽  
pp. 114
Author(s):  
Elina Konstantinova ◽  
Liga Brunina ◽  
Aija Persevica
Keyword(s):  
Sustainable Use ◽  
Financial Economic ◽  
Point Of View ◽  
Environmental Benefits ◽  
Climate Mitigation ◽  
Economic Activities ◽  
Financial Return ◽  
Peat Extraction ◽  
Different Types ◽  
Optimal Information

Peatland self-recovery after peat extraction is restricted and without any purposeful actions, recovery of the territories is disproportionately long. The abandoned peat fields are not only worthless from the point of view of biodiversity but are also large SEG issuers. By developing an inventory of extracted peat fields, it has been concluded that there are about 18,000 ha that are not re-cultivated and for now have lost their natural functions. The peat formation in these areas and ecosystems functions are disturbed or destroyed. There are a number of potential ways of re-cultivation of degraded peatlands that can provide different types of benefits – either to carry out economic activities or to re-naturalise territories. Each of the potential types of re-cultivation is able to deliver different types of benefits. Landowners should select the most appropriate and acceptable option for re-cultivation based on socio-economic, environmental and climate change mitigation criteria. Based on the research and the results obtained, a model for the sustainable use of peat extraction fields has been developed, that provides support for the planning of further use of degraded peatlands. The developed model provides information about financial, economic and environmental benefits of implementing a particular form of re-cultivation. Developed model ensures the optimal information balance between GHG emission reductions, ecosystem service assessments and socio-economic aspects of land use. Based on the findings and using the developed model, it is possible to implement deliberative management decisions regarding degraded peatlands, evaluate potential re-cultivation costs, plan the expected financial return, assess the benefits of climate mitigation and take into account natural values.

scholarly journals THEORETICAL AND METHODOLOGICAL ASPECTS OF SUSTAINABLE ENTERPRISES DEVELOPMENT

2020 ◽  
pp. 104-120
Author(s):  
I. Yevsieieva-Severyna
Keyword(s):  
Economic Security ◽  
Point Of View ◽  
Competitive Advantages ◽  
Enterprise Development ◽  
Economic Activities ◽  
Business Decisions ◽  
Current Period ◽  
Methodological Aspects ◽  
Negative Factors ◽  
Further Development

The article deals with the interpretation of the concepts of competitive advantages, competitiveness, competitive potential, competitive sustainability, sustainability risk and sustainable enterprise development. The author's vision of categorical apparatus is based on the generalization of existing viewpoints and approaches to their definition. According to the author's point of view, the competitive advantages are the collection of some strong prevailing characteristics of the company that clearly distinguish it from the competitors, providing further development through the production of high quality products and satisfying the growing needs of the consumers. Enterprises must activate the work in direction of optimal use of present resources, take into account internal development possibilities, quickly adapt to the changes of environment. Especially important is the attention of the enterprises focusing on components of the competitive potential (economic, financial, innovation, intellectual, marketing, communication, information, production etc.) which should be examined to determine possible measures of further development. Competitive sustainability is an integral part of ensuring economic security of the enterprise. Economic security reflects the ability of the enterprise to ensure sustainable development, both in the current period and in the future, under the influence of negative factors of external and internal environment. Most business decisions are made under conditions of uncertainty and risk, due to insufficient information, high intensity of rivalry, changeable environment. It is necessary to identify and estimate risks in order to minimize their influence on the activity of the enterprise. Competitive sustainability and sustainability risk provide sustainable enterprise development, the ability to carry out economic activities in conditions of uncertainty of external environment impacts, creating conditions for long-term stable functioning of the enterprise in a competitive market environment.

The place of economic analysis of customs payments in the general classification of its types

2021 ◽  
Vol 20 (8) ◽  
pp. 1531-1551
Author(s):  
Valerii V. POPOV
Keyword(s):  
Economic Analysis ◽  
General Structure ◽  
Financial Economic ◽  
Subject Area ◽  
Educational Process ◽  
Point Of View ◽  
Scientific Methods ◽  
Managerial Decisions ◽  
Comparison Results ◽  
General Scientific

Subject. The article considers the development of a key hypothesis for the economic analysis of customs payments by identifying them as a separate subject area of the said analysis. Objectives. The purpose is to classify the economic analysis of customs payments in the general structure of its types. Methods. The study employs general scientific methods of research, i.e. dialectical, monographic, logical analysis, and comparison. Results. The paper reviews existing works in the field of economic analysis and activities of customs authorities; substantiates the need to develop a methodology for the economic analysis of customs payments, based on understanding their essence from the point of view of the object of economic analysis and possible classification as an economic category. The findings may be used in the activities of State bodies, as a basis for making managerial decisions, as well as in the educational process. Conclusions. Using a combined approach, I formulate a key hypothesis of the economic analysis of customs payments, which is classified as an integral part of financial-economic analysis. Its implementation will enable to identify patterns and predict the volume of customs duties, depending on the level of their structuring. This will be possible, if there is an information and methodological complex in the form of reporting and indicators.

scholarly journals Clinical Pharmacy Administration

1988 ◽  
Vol 22 (11) ◽  
pp. 903-905
Author(s):  
Thomas R. Einarson
Keyword(s):  
Health Care ◽  
Clinical Pharmacy ◽  
Applied Field ◽  
Research Evaluation ◽  
Financial Economic ◽  
Point Of View ◽  
Health Care Practitioner ◽  
Historical Perspectives ◽  
Pharmacy Administration ◽  
Separate Discipline

Clinical pharmacy administration has emerged as a separate discipline, but this new field has not been functionally defined. This article defines clinical pharmacy administration from an academic point of view and provides a framework within which it may be understood. It is an applied field of study that deals with the research, evaluation, and management of the patient, the drug, and the health care practitioner as they all relate to patient care. These entities and relationships are studied at the micro, macro, and global levels from financial, economic, managerial, legal, ethical, social, behavioral, educational, and historical perspectives. It is intended that this paper generate debate and discussion in order to refine and develop the field.

scholarly journals Interdisciplinary Decisions Application in Management, or How to Use the Experience of Workload Management of Technological System with Regard to Human Resources

Upravlenie ◽  
2017 ◽  
Vol 5 (1) ◽  
pp. 29-34
Author(s):  
Сморчкова ◽  
O. Smorchkova
Keyword(s):  
Human Resources ◽  
Cross Cultural ◽  
Point Of View ◽  
The Other ◽  
Technological System ◽  
Enterprise Management ◽  
Cultural Experience ◽  
Workload Management ◽  
System Administration ◽  
Managerial Decisions

To a modern executive officer enterprise management means challenging requirements in search of unconventional solutions in system administration organization. A whole spectrum of solutions is found when you use knowledge, traditions and managerial decisions existing in other spheres. This article contemplates concepts and philosophy that consider the problem from the other point of view and find new or specialized decisions from related areas. A comparison between workload management in technological system and human resources is used as an example. Based on this comparison implications are made about certain compatibility of these systems and possible adaptation of the existing management methods. At the end we come to the conclusion of benefit from using intersectorial and cross-cultural experience.

scholarly journals FORECASTING VOLUMES OF SALES GOODS BY LINEAR PROGRAMMING METHOD (ON MATERIALS NEMIROV BPC, NEMIROV VINNITSYA REGION)

2021 ◽  
Author(s):  
Tayisa Vozniuk ◽  
Olga Mazur
Keyword(s):  
Linear Programming ◽  
Raw Materials ◽  
Decomposition Methods ◽  
Point Of View ◽  
Programming Method ◽  
Bakery Products ◽  
Economic Activities ◽  
Linear Programming Method ◽  
Material Resources ◽  
Decision Tasks

In this article reveals an example of forecasting the volumes of sales goods through ways of implement optimization analysis, that is by linear programming method. For example, volume of production goods for realization her consumers no must to exceed of determined out maximum or to be lower by minimum, what can to foreseeing in this task. For decision tasks of linear programming with a large number of variables and constraints, decomposition methods are used, which allow instead of the original problem to solve tasks of little volume. In general methodology of linear programming together with simplex-method is considered on the example Nemyriv bakery, where determined out profit on unit bakery products, obtained through the optimal ratio of material resources and costs incurred. In analysis and treatment of economic activities the each enterprises, particularly at composition forecast as to volumes of sales goods with aim of receiving profit, linear programming maybe successfully used out for decision tasks with optimization of development and organization trade processes upon regarding the sale of its products. With point of view management a tasks of linear programming – this tasks of optimal using resources. In each event planning of production goods necessity have on attention, which different productions resources (workforce, raw, materials, means of production) are limited, and also which known norm of costs these resources on different kinds goods, or possible are multiples variants to separating production resources. In our work, we ascertained that in analysis, compliance is checked of demand for bakery products to stocks of most-important kinds raw and materials together with costs as most important conditions for receive profit on enterprises and avoiding of excessive and unforeseen losses. With aim of rise efficiency of enterprises activities necessary and further to look at question of renewing assortment goods and increase quality her, increasing volumes of production, maximum of loading production powers equipment, efficiency using of available resources.

scholarly journals Micro to Macro: Optimal Trade Policy With Firm Heterogeneity

Econometrica ◽  
2020 ◽  
Vol 88 (6) ◽  
pp. 2739-2776
Author(s):  
Arnaud Costinot ◽  
Andrés Rodríguez-Clare ◽  
Iván Werning
Keyword(s):  
Trade Policy ◽  
Small Firms ◽  
Firm Heterogeneity ◽  
Heterogeneous Firms ◽  
Point Of View ◽  
Foreign Firms ◽  
Empirical Observation ◽  
Self Selection ◽  
Export Subsidies ◽  
Selection Of

The empirical observation that “large firms tend to export, whereas small firms do not” has transformed the way economists think about the determinants of international trade. Yet, it has had surprisingly little impact on how economists think about trade policy. Under very general conditions, we show that from the point of view of a country that unilaterally imposes trade taxes to maximize domestic welfare, the self‐selection of heterogeneous firms into exports calls for import subsidies on the least profitable foreign firms. In contrast, our analysis does not provide any rationale for export subsidies or taxes on the least profitable domestic firms.

scholarly journals Framing the Shades of Sustainability in Health Care: Pitfalls and Perspectives from Western EU Countries

2018 ◽  
Vol 10 (12) ◽  
pp. 4439 ◽  
Author(s):  
Elio Borgonovi ◽  
Paola Adinolfi ◽  
Rocco Palumbo ◽  
Gabriella Piscopo
Keyword(s):  
Health Care ◽  
Health Care Organizations ◽  
Health Care Systems ◽  
Financial Economic ◽  
Point Of View ◽  
Health Care Environment ◽  
Health Gains ◽  
Care Systems ◽  
The One ◽  
The Individual

Sustainability is momentous for the appropriate functioning of health care systems. In fact, health and sustainability are two strictly related values, which could not be separately sought. While studies discussing the contextualization of this issue with respect to the distinguishing attributes of health care systems are rapidly blooming, there is still little agreement about what is ultimately meant by sustainability in the health care arena. On the one hand, attention is primarily focused on the proper use of available financial resources; on the other hand, people engagement and empowerment are gradually arising as a crucial step to enhance the viability of the health care system. This paper tries to identify, from a conceptual point of view inspired by the European integrative movement, the different shades of sustainability in health care and proposes a recipe to strengthen the long-term viability of health care organizations. The balanced mix of financial, economic, political, and social sustainability is compelling to increase the ability of health care organizations to create meaningful value for the population served. However, the focus on a single dimension of sustainability is thought to engender several side effects, which compromise the capability of health care organizations to guarantee health gains at the individual and collective levels. From this standpoint, further conceptual and practical developments are envisioned, paving the way for a full-fledged understanding of sustainability in the health care environment.

LOCATIONAL CHOICE FOR EXPORT PROCESSING ZONES IN DEVELOPING COUNTRIES

2004 ◽  
Vol 49 (02) ◽  
pp. 179-193
Author(s):  
KAZUHIRO TETSU
Keyword(s):  
Developing Countries ◽  
Equilibrium Model ◽  
Point Of View ◽  
Foreign Firms ◽  
Theoretical Point ◽  
Policy Options ◽  
Export Processing Zones ◽  
Policy Makers ◽  
Locational Choice ◽  
Capital Intensive

Little attention has been given to the issue of the locational choice for EPZs, from a theoretical point of view, except by Miyagiwa (1993). In this paper, using a three-sector general equilibrium model with unemployment, we will examine theoretically the issue of where to locate EPZs. This model gives policy makers in developing countries four policy options. An interesting result is as follows: it reveals that attracting foreign firms which are more labor-intensive (capital-intensive) than the rural domestic firms into the rural-based EPZ is the best (worst) policy for developing countries.

Economical and Environmental Importance of Mulberry: A Review

2017 ◽  
Vol 3 (02) ◽  
pp. 51-58 ◽  
Author(s):  
Ashmita Ghosh ◽  
Debnirmalya Gangopadhyay ◽  
Tanmay Chowdhury
Keyword(s):  
Nutritive Value ◽  
Ecological Model ◽  
Animal Feed ◽  
Medical Science ◽  
Animal Husbandry ◽  
Point Of View ◽  
Economic Activities ◽  
Economic Point ◽  
Perennial Plant ◽  
Environmental Importance

Mulberry is a very hardy and fast growing perennial plant belonging to the genus Morus of the family Moraceae. The leaf of mulberry is solely used for feeding and rearing of the silkworm, Bombyx mori for the production of silk yarn. It is estimated that mulberry silk contributes around 90 % of the total global raw silk production and it is a very attractive economic activities mostly to the rural people. In addition to the utilization of mulberry leaves as silkworm feed, it is being used for many other purposes also. For example, the mulberry fruit due to its high nutritive value and delicious taste is getting importance as valuable foodstuff. The mulberry bark and wood are also useful for manufacturing of paper and sports goods items. Recently, evaluation of several pharmacological compounds of medicinal importance present in mulberry plant opens up new avenues of research in the medical science. This paper reviews the economical as well as environmental importance of mulberry taking into account several aspects of its role as animal feed, foodstuff, phytomedicine and remediation of polluted soils and atmosphere etc. Finally, an outline of environmental friendly ecological model combining sericulture with animal husbandry recycling the waste resources has been proposed from economic point of view.

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