From Prediction of the Improvement of the Quality towards an Equitable Sharing of the Cost of the Improvement between Business Processes

In this work we have developed a quality approach for the quality assessment of data related to the business process for quality projects, this approach uses the cost of the implementation of quality combined with the impact of quality broken down into the benefit and efficiency of data, shapley value helps us choose the business processes that will collaborate to reduce the cost of improvement, Deep learning helps us calculate the quality values for any dimension based on history of previous improvements. To reach our goal, we used the cost-benefit approach (ACB) and the cost-effective approach (ACE) to extract the impact and cost factors then using a multi-optimization algorithm. -objective we will minimize the cost and maximize the impact for each business process and the deep learning introduced will complement our approach to learn from the previous improvements after validation of the processes which will be chosen as well as the values calculated after improvement. The importance of this research lies in the use of impact factors and the cost of the quality evaluation which represent the basis of any improvement, our approach uses generic multi-objective optimization algorithms which will help choose the minimum value of each business process before the improvement, adding a layer of predicting and estimating the quality value of the data generated by the business process before the improvement even, while the value of shapley has aim to minimize the cost of quality projects during fission and merger of companies and even within a company composed of several services and departments to have the lowest possible total cost to help companies manage the portfolios of quality.. Keywords: Artificial neural network, data quality assessment, data quality improvement, deep learning, prediction of improvement in data completeness shapley value.

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Business Process Impact Visualization and Anomaly Detection

Information Visualization ◽

10.1057/palgrave.ivs.9500115 ◽

2006 ◽

Vol 5 (1) ◽

pp. 15-27 ◽

Cited By ~ 16

Author(s):

Ming C. Hao ◽

Daniel A. Keim ◽

Umeshwar Dayal ◽

Jörn Schneidewind

Keyword(s):

Business Process ◽

Business Processes ◽

Impact Factors ◽

Complex Data ◽

Process Flow ◽

Business Operations ◽

Complex Information ◽

Business Metrics ◽

The Impact ◽

Operational Data

Business operations involve many factors and relationships and are modeled as complex business process workflows. The execution of these business processes generates vast volumes of complex data. The operational data are instances of the process flow, taking different paths through the process. The goal is to use the complex information to analyze and improve operations and to optimize the process flow. In this paper, we introduce a new visualization technique, called VisImpact that turns raw operational business data into valuable information. VisImpact reduces data complexity by analyzing operational data and abstracting the most critical factors, called impact factors, which influence business operations. The analysis may identify single nodes of the business flow graph as important factors but it may also determine aggregations of nodes to be important. Moreover, the analysis may find that single nodes have certain data values associated with them which have an influence on some business metrics or resource usage parameters. The impact factors are presented as nodes in a symmetric circular graph, providing insight into core business operations and relationships. A cause-effect mechanism is built in to determine ‘good’ and ‘bad’ operational behavior and to take action accordingly. We have applied VisImpact to real-world applications, fraud analysis and service contract analysis, to show the power of VisImpact for finding relationships among the most important impact factors and for immediate identification of anomalies. The VisImpact system provides a highly interactive interface including drilldown capabilities down to transaction levels to allow multilevel views of business dynamics.

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ABOUT NECESSITY OF MATHEMATICAL MODELING OF THE BUSINESS PROCESS OF COST ESTIMATE CALCULATIONS IN THE CONSTRUCTION OF OIL AND GAS FACILITIES

Oil and Gas Studies ◽

10.31660/0445-0108-2017-6-139-145 ◽

2017 ◽

pp. 139-145

Author(s):

R. I. Hamidullin ◽

L. B. Senkevich

Keyword(s):

Mathematical Modeling ◽

Quality Assessment ◽

Business Process ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Gas Industry ◽

Construction Organizations ◽

The Cost ◽

Cost Of Construction

A study of the quality of the development of estimate documentation on the cost of construction at all stages of the implementation of large projects in the oil and gas industry is conducted. The main problems that arise in construction organizations are indicated. The analysis of the choice of the perfect methodology of mathematical modeling of the investigated business process for improving the activity of budget calculations, conducting quality assessment of estimates and criteria for automation of design estimates is performed.

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CRITICAL ANALYSIS OF APPROACHES TO ASSESSING THE IMPACT OF BUSINESS PROCESSES ON THE FINANCIAL PERFORMANCE OF AN ORGANIZATION

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2021.04.04.036 ◽

2021 ◽

Vol 4 (4) ◽

pp. 201-205

Author(s):

A. L. GENDON ◽

◽

G. F. GOLUBEVA ◽

Keyword(s):

Financial Performance ◽

Critical Analysis ◽

Business Processes ◽

International Standards ◽

Financial Indicators ◽

Life Activity ◽

Cost Of Production ◽

The Cost ◽

The Impact

The article reveals a system of financial indicators that characterize business processes, accounting for income and expenses according to Russian and international standards. The ways of increasing the efficiency of the company's life activity, in particular, the ways of reducing the cost of production, are considered.

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CONTEMPORARY MANAGEMENT OF BUSINESS PROCESSES WITHIN THE SUPPLY CHAIN OF FASHION INDUSTRY

Fashion Industry ◽

10.30857/2706-5898.2020.2.1 ◽

2020 ◽

pp. 36-39

Author(s):

Andrea Dobrosavljević ◽

Snežana Urošević

Keyword(s):

Supply Chain ◽

Business Process ◽

Business Process Management ◽

Process Management ◽

Business Processes ◽

Demand Management ◽

Relationship Management ◽

Customer Relationship ◽

Fashion Industry ◽

The Impact

Business processes are present in all types of organizations, regardless of the size or industry within which the organization operates. Successful business process management (BPM) is an indicator of the level of process maturity of the organization. Within the supply chain, it is possible to observe the presence of business processes of a collaborative nature, as BPM relies on the principles of partnership, development, and exchange of information through links that exist within this chain between all actors [1]. Within this paper, BPM in the relations with suppliers and consumers within the supply chain of organizations operating in the fashion industry is considered. Lambert [2] lists eight macro processes that take place in the supply chain, between suppliers, manufacturers, distributors, retailers and end consumers, as follows: customer relationship management, supplier relationship management, demand management, order execution, fl ow management production, product development and commercialization and return management. Within this paper, a research is presented which analyzes the segments of managing collaborative business processes within the supply chain of the fashion industry, based on the responses of 508 managers and employees in the fashion industry in the Republic of Serbia. The needs for the development of certain segments in accordance with the needs of modern business process management have been explored.Scientifi c novelty. The research part of this paper relies on the application of Friedman's test which enables the analysis of the current state of BPM in relations with suppliers and consumers within the supply chain of the fashion industry, expressed through workers' responses with a ranking of their preferences. This paper contributes to the creation of a knowledge base within the research in the fi eld of the impact of BPM on improvements in the supply chain, on the basis of which it is possible to conduct further research and upgrade knowledge.Practical value. The fi ndings derived from the results of research of this type contribute to the development of the business from various aspects. The benefi ts can be refl ected not only through the strengthening of the competitive position but also through the sustainability of business on the basis of adequate application of BPM practices in all business segments. Accordingly, in addition to the scientifi c novelty, which is refl ected in the results of the rese arch work, there is a practical novelty, which is refl ected in the guidelines for the development of modern BPM within the supply chain of the fashion industry.

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Cost efficient internet of things based smart farm system for rural farmers: Leveraging design thinking approach

Heritage and Sustainable Development, ISSN 2712-0554 ◽

10.37868/hsd.v3i2.64 ◽

2021 ◽

Vol 3 (2) ◽

pp. 111-120

Author(s):

Segun Adebayo ◽

Ozichi Emuoyibofarhe ◽

Tolulope Awofolaju

Keyword(s):

Design Thinking ◽

Agricultural Sector ◽

Cost Benefit ◽

Design Development ◽

Impact Performance ◽

Farm Productivity ◽

Cost Benefit Ratio ◽

Cost Efficient ◽

The Cost ◽

The Impact

Farmers are faced with challenges of producing enough food and the use of traditional methods seems not to keep pace with the ever-growing demand of the populace thus creating increased concern in food scarcity. Although it has been identified that smart tools will enhance the production pace needed in the Agricultural sector, unfortunately, most of these tools are designed for farmers without their inputs, thus creating tools that are not meeting demands. This study focused on a farmer-centered design, development, and deployment approach to improving farm productivity. The design thinking approach was used to identify the specific need of the farmers in selected areas, ideas were created using brainstorming sessions involving experts in the field, and prototypes were developed and deployed to evaluate the impact performance. The result shows that the proposed system improved the cost-benefit ratio of crop farming from 2.14 to 2.26. This is a 12% productivity increase.

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(Re)Designing Business Processes Using Markov Theory and Constrained State, Transition and Actor Role Spaces

International Journal of Knowledge-Based Organizations ◽

10.4018/ijkbo.2019040103 ◽

2019 ◽

Vol 9 (2) ◽

pp. 43-61 ◽

Cited By ~ 1

Author(s):

Sérgio Guerreiro

Keyword(s):

Decision Making ◽

Business Process ◽

Business Processes ◽

The Body ◽

Process Redesign ◽

Discount Factors ◽

Body Of Knowledge ◽

Markov Decision ◽

Decision Making Processes ◽

The Impact

Decision-making processes are the utmost important to steer the organizational change whenever business process workarounds are attempted during operational times. However, to decide the non-compliant situations, e.g., bypasses, social resistance, or collusion; the business manager demands contextualized and correct interpretations of the existing business process redesign options to cope with workarounds. This article explores the need to aid the decision-making process with a full constructional perspective to optimize the business processes redesign. So, the Markov decision process is combined with the body of knowledge of business processes, in specific, the concepts of designing enterprise-wide business transactions. This methodology supports the management initiatives with more knowledge about the value of business processes redesign. A classical chain of Order-to-Cash business processes (the order, the production, the distribution and the selling of goods) illustrate the benefits of this quantitative approach. Results obtained for business processes redesign in reaction to workarounds are reported. The analysis results show that this approach can anticipate the sub-optimal solutions before taking actions and highlights the impact of discount factors in the final obtained value. The contribution of this novel conceptual integration to the business processes community is the forecast of value function of business transaction redesign options when facing non-compliant workarounds. From related literature, business processes compliance usually comprises offline computation and the redesign is only considered in the forthcoming business processes instances. This article is innovative in the sense that it anticipates the value impact of a redesign, allowing more effective decisions to be taken.

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Firms Political Connections and Winning Government Contracts

International Journal of Economics and Finance ◽

10.5539/ijef.v8n2p19 ◽

2016 ◽

Vol 8 (2) ◽

pp. 19 ◽

Cited By ~ 2

Author(s):

Saidatou Dicko

Keyword(s):

Cost Benefit ◽

Political Connections ◽

Government Contracts ◽

Competitive Advantages ◽

Governmental Organizations ◽

Canadian Context ◽

Cost Benefit Ratio ◽

Corporate Actions ◽

The Cost ◽

The Impact

This study investigates the impact of political connections on the awarding of government contracts to Canadian companies. Two-stage least squares (2SLS) analyses were performed on a sample of S&P/TSX companies from 2010 to 2014 inclusively. The results show that political connections are positively and significantly associated with the winning of government contracts. Politically connected firms obtain more government contracts and higher contract values than non-connected firms. Political connections thus appear to be directly associated with securing government contracts in the Canadian context. Firms can view political connections as a non-market, long-term strategy to help them gain competitive advantages and improve their performance. Accordingly, they tend to appoint directors and managers taking these connections and the advantages that can be gained into account. However, they must seriously consider the cost-benefit ratio of this strategy. For example, the costs incurred could be ethical in nature and firms could find themselves in a position of conflict of interest that could lead to extensive negative media exposure. These results alert regulatory and governmental organizations to the need for them to remain vigilant and to strengthen corporate governance regulations to prevent the excesses and abuses that could arise from firms’ political actions. Our study is the first to demonstrate a direct relationship between corporate political connections and government contracts in the Canadian context. The results confirm the growing interdependence between politics and business, particularly the increase in the number of corporate actions intended to influence government decisions.

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Alignment patterns for process-oriented appraisals and rewards: using HRM for BPM capability building

Business Process Management Journal ◽

10.1108/bpmj-03-2020-0101 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Aygun Shafagatova ◽

Amy Van Looy

Keyword(s):

Case Studies ◽

Business Process ◽

Process Management ◽

Business Processes ◽

Multidimensional Analysis ◽

Content Type ◽

Process Oriented ◽

Process Context ◽

The Impact ◽

Employee Appraisals

PurposeWhile the business process management (BPM) literature highlights the significance of aligning employee appraisals and rewards practices with business processes, little is known about the realization. The purpose of this paper is to concretize the impact of process-oriented appraisals and rewards on business process performance and to provide empirical evidence on how organizations actually align their appraisals and rewards practices with BPM.Design/methodology/approachA mixed-method approach has been employed by combining survey results with case studies to offer first-hand evidence. Survey data have been used to quantify the real impact of process-oriented appraisals and rewards. Next, case studies with 10 organizations have allowed us to gain deeper insight into organizational practices for making appraisals and rewards more process-oriented.FindingsThe survey proves that process-oriented employee appraisals and rewards positively affect performance if different employee levels are involved. The case studies reveal similarities and differences in alignment efforts across organizations, based on pattern-matching and a multidimensional analysis, resulting in four alignment patterns.Research limitations/implicationsThe findings extend knowledge about appraisals and rewards within a business process context by providing a quantification and pattern refinement, which specifically advance a BPM-facilitating culture.Practical implicationsManagers and executives benefit from the recommendations for a gradual BPM adoption to improve the success of their business processes and their people-related practices.Originality/valueThe authors offer one of the first in-depth, cross-disciplinary studies that intend to bridge between the disciplines of BPM and human resource management (HRM).

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Financial Evaluation and Optimization of Business Processes

International Journal of Information System Modeling and Design ◽

10.4018/jismd.2013040105 ◽

2013 ◽

Vol 4 (2) ◽

pp. 91-120 ◽

Cited By ~ 3

Author(s):

Partha B. Sampathkumaran ◽

Martin Wirsing

Keyword(s):

Business Process ◽

Process Modeling ◽

Business Processes ◽

Business Process Modeling ◽

Cost Calculation ◽

Financial Optimization ◽

Business Process Modeling Notation ◽

The Impact ◽

Structured Approach ◽

Evaluation Techniques

Designing and optimizing a Business Process based on its financial parameters is a challenging task which requires well defined approaches, actions and recommendations which when implemented lead to tangible and quantifiable results. In this paper the authors consider Business Processes represented through the Business Process Modeling Notation with their Costs evaluated through a pattern based methodology. Using this concept of Cost calculation the authors analyze the effect of different well known best practices on the financial parameters of the process. In this study the authors also evaluate the impact of each task in a process on the overall Cost through Sensitivity Analysis leading to a structured approach to parameter variation to achieve financial optimization. The study briefly introduces the Business Process Modeling Notation, Workflow Patterns, and available Performance Measures Evaluation Techniques and recommends an adaptation of Devils Quadrangle suitable for impact evaluation.

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