Monitoring of Profitability Indicators in Ensuring Business Efficiency

2021 ◽  
pp. 51-56
Author(s):  
Svetlana Viktorovna Deminova ◽  
Natalya Anatoljevna Suchkova ◽  
Elena Anatoljevna Kirpichenko
Keyword(s):  
Business Efficiency

scholarly journals Performance Evaluation of Fishery Enterprises Using Data Envelopment Analysis—A Malmquist Model

Mathematics ◽  
2021 ◽  
Vol 9 (5) ◽  
pp. 469
Author(s):  
Chia-Nan Wang ◽  
Thi-Ly Nguyen ◽  
Thanh-Tuan Dang ◽  
Thi-Hong Bui
Keyword(s):  
Performance Evaluation ◽  
Data Envelopment Analysis ◽  
Technological Progress ◽  
Data Envelopment ◽  
Domestic Economy ◽  
Factor Productivity ◽  
Sales Revenue ◽  
Business Efficiency ◽  
Using Data ◽  
Decision Making Units

In Vietnam, fishing is a crucial source of nutrition and employment, which not only affects the development of the domestic economy but is also closely related to exports, heavily influencing the economy and foreign exchange. However, the Vietnamese fishery sector has been facing many challenges in innovating production technology, improving product quality, and expanding markets. Hence, the fishery enterprises need to find solutions to increase labor productivity and enhance competitiveness while minimizing difficulties. This study implemented a performance evaluation from 2015 to 2018 of 17 fishery businesses, in decision making units (DMUs), in Vietnam by applying data envelopment analysis, namely the Malmquist model. The objective of the paper is to provide a general overview of the fishery sector in Vietnam through technical efficiency, technological progress, and the total factor productivity in the four-year period. The variables used in the model include total assets, equity, total liabilities, cost of sales, revenue, and profit. The results of the paper show that Investment Commerce Fisheries Corporation (DMU10) and Hoang Long Group (DMU8) exhibited the best performances. This paper offers a valuable reference to improve the business efficiency of Vietnamese fishery enterprises and could be a useful reference for related industries.

Research and Design on Workshop Job Management System Based on Web Electronic Digital Signage

2013 ◽  
Vol 816-817 ◽  
pp. 1181-1184
Author(s):  
Da Wei Dong
Keyword(s):  
Operations Management ◽  
Management System ◽  
Job Shop ◽  
Production Costs ◽  
Shop Floor ◽  
Digital Signage ◽  
Job Management ◽  
Business Efficiency ◽  
Job Management System ◽  
Manufacturing Productivity

The workshop job management system for improving manufacturing productivity and workshop information management plays an important role, while the electronic digital signage is seen as the core of shop floor control system. In this paper, the traditional electronic signage is proposed based on a new electronic digital signage network design, and its integration into the shop floor management systems. This paper developed job shop management system based on web electronic digital signage, the effective integration of existing hardware and software resources of the workshop, rational allocation of production resources of the workshop, the workshop production operations management to achieve digital control, reducing the workshop production costs, improve business efficiency. This paper presents the design of specific methods, and the establishment of a specific management model.

scholarly journals Measuring Performance in Transportation Companies in Developing Countries: A Novel Rough ARAS Model

Symmetry ◽  
2018 ◽  
Vol 10 (10) ◽  
pp. 434 ◽  
Author(s):  
Dunja Radović ◽  
Željko Stević ◽  
Dragan Pamučar ◽  
Edmundas Zavadskas ◽  
Ibrahim Badi ◽  
...  
Keyword(s):  
Sensitivity Analysis ◽  
Developing Countries ◽  
Performance Indicators ◽  
Three Phase ◽  
Business Efficiency ◽  
Success Indicators ◽  
Product Assessment ◽  
Simple Additive Weighting ◽  
Five Phases ◽  
Spearman’S Correlation

The success of any business depends fundamentally on the possibility of balancing (symmetry) needs and their satisfaction, that is, the ability to properly define a set of success indicators. It is necessary to continuously monitor and measure the indicators that have the greatest impact on the achievement of previously set goals. Regarding transportation companies, the rationalization of transportation activities and processes plays an important role in ensuring business efficiency. Therefore, in this paper, a model for evaluating performance indicators has been developed and implemented in three different countries: Bosnia and Herzegovina, Libya and Serbia. The model consists of five phases, of which the greatest contribution is the development of a novel rough additive ratio assessment (ARAS) approach for evaluating measured performance indicators in transportation companies. The evaluation was carried out in the territories of the aforementioned countries in a total of nine companies that were evaluated on the basis of 20 performance indicators. The results obtained were verified throughout a three-phase procedure of a sensitivity analysis. The significance of the performance indicators was simulated throughout the formation of 10 scenarios in the sensitivity analysis. In addition, the following approaches were applied: rough WASPAS (weighted aggregated sum product assessment), rough SAW (simple additive weighting), rough MABAC (multi-attributive border approximation area comparison) and rough EDAS (evaluation based on distance from average solution), which showed high correlation of ranks by applying Spearman's correlation coefficient (SCC).

scholarly journals Value Added from the Perspective of Econophysics

2021 ◽  
Vol 24 (4) ◽  
pp. 137-152
Author(s):  
Ihor Hurnyak ◽  
Nataliya Struk ◽  
Aleksandra Kordonska
Keyword(s):  
Regression Models ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Accounts Receivable ◽  
Goods And Services ◽  
Accounts Payable ◽  
Intermediate Consumption ◽  
Economic Forces ◽  
Business Efficiency

The production, or value added, approach to GDP involves calculating an industry or sector’s output and subtracting its intermediate consumption (the goods and services used to produce the output) to derive its value added. The value added at the macro level depends on business efficiency. It reflects an increase in value that a business creates by undertaking the production process. We assumed that the market creates thousands of vibrating energies, coming from other enterprises, with different frequencies. The purpose of this article is to verify whether the econophysics approach could be successfully used to assess a business from the perspective of the interaction between economic forces. Thus, we propose that the term ‘value added’ be understood as a certain amount of accumulated energy of enterprises that comes from the interaction of basic economic forces and economic vibrating forces of accounting. Using regression models, we show the influence of basic forces, like debt and the stock market, and vibrating ones (i.e., accounts payable, accounts receivable, inventory) on the economic value added by testing US, European, and emerging markets. We confirmed the relevance and appropriateness of the econophysics approach to estimating the economic value added.

scholarly journals THE COMPARISON OF CHICKEN FARMING BUSINESS ON VARIOUS PATTERNS IN NORTH BENGKULU REGENCY

Agric ◽  
2020 ◽  
Vol 31 (2) ◽  
pp. 122-135
Author(s):  
Harianto Harianto ◽  
Nyayu Neti Arianti ◽  
Putri Suci Asriani
Keyword(s):  
Confidence Level ◽  
T Test ◽  
Foreign Company ◽  
Average Income ◽  
Foreign Partner ◽  
Business Efficiency ◽  
National Partnership ◽  
Poultry Farming

This study aims to calculate and compare the income and the level of efficiency of poultry farming with various business patterns, namely "Mandiri" or independent, partnering with national company and partnering with foreign company. Respondents were taken in a census method, consist of 11 independent farmers, 21 farmers who partnered with national company and 10 farmers who partnered with foreign company. Income is calculated by subtracting revenue and costs. Business efficiency is determined by the R/C Ratio. Meanwhile, the comparison of incomes were analyzed by the t-test. The results showed that the average income of independent livestock business is IDR 5.536,95/head, the national partnership is IDR 2.523,20/head, and those with foreign partner is IDR 3.162,74/head. While The efficiency level of independent pattern is 1,15, 1,09 for national partnership pattern and 1,10 for foreign partnership. The results of the t-test at the 95% confidence level indicate that the income of independent livestock is higher than those in nationally and foreign-partnered farms. While the nationally-partnered business is not higher than the foreign-partnered.  

scholarly journals Artificial Intelligence to Improve the Business Efficiency and Effectiveness for Enterprises in Kazakhstan

2021 ◽  
pp. 34-41
Author(s):  
Mohamed Hamada ◽  
Daniya Temirkhanova ◽  
Diana Serikbay ◽  
Sanzhar Salybekov ◽  
Saltanat Omarbek
Keyword(s):  
Artificial Intelligence ◽  
Legal Framework ◽  
Legal Aspects ◽  
Stage Of Development ◽  
Initial Stage ◽  
Efficiency And Effectiveness ◽  
Business Efficiency ◽  
Big Picture ◽  
Data Extracting ◽  
Goals And Objectives

The main objective of the research is identifying the effectiveness of artificial intelligence in the business sphere of Kazakhstan. The urgency of this problem is due to the fact that the Kazakhstani market for artificial intelligence is at the initial stage of development. The main obstacle to the introduction of artificial intelligence is the unpreparedness of managers of small and medium-sized businesses for the application of artificial intelligence technologies and, of course, the high cost of their implementation. In the study, we proceeded from the key thesis that business in Kazakhstan is striving for digital transformation. We set a goal to determine the attitude and degree of readiness of Kazakhstani business to the implementation and practical application of artificial intelligence, to describe the cases of using artificial intelligence by Kazakhstani business, to identify the main questions that arise in business at this stage, to study the legal aspects of using artificial intelligence in business and to present the big picture compliance / inconsistency of the existing legal framework with the goals and objectives of the development of artificial intelligence, provide recommendations for eliminatinge xisting barriers and stimulating businesses to implement the technology. Within the framework of this study, the concept of artificial intelligence is defined in its broadest sense - as a set of technologies for processing various types of data and information, in particular those capable of interpreting such data, extracting knowledge and using it to achieve certain goals.

scholarly journals Features of Corporate Management of Mergers and Acquisitions Processes

2020 ◽  
Vol 11 (514) ◽  
pp. 424-429
Author(s):  
O. V. Ptashchenko ◽  
Keyword(s):  
Mergers And Acquisitions ◽  
World Economy ◽  
Structural Changes ◽  
Social Situation ◽  
Corporate Management ◽  
Industrialized Countries ◽  
Modern Development ◽  
The World ◽  
Business Efficiency ◽  
History Of

The article examines the main features and identifies the main trends in the global M&A market. The modern development of the economy is characterized by the spread of the processes of globalization, and it can be noted that, one way or another, the latest waves of mergers and acquisitions are tightly related to the flow of these processes. The history of mergers and acquisitions processes in the world economy shows that all surges in mergers and acquisitions agreements were and are accounted for periods of structural changes, industrial rises, technological revolutions, significant organizational restructuring of the world economy. Mergers and acquisitions of companies are one of the most important business development instruments in the market economy. The purposes of these processes are often the growth of company and the use of various kinds of synergies, which is manifested in strengthening its impact on markets and improving business efficiency. Most mergers and acquisitions agreements are concluded by industrialized countries, their role is increasing for developing countries. The dynamics of the M&A processes market will largely depend on the ability of companies to enter into large contracts announced either at the end of the past year or earlier this year. Only then it could it be stated that the growth of activity in the mergers and acquisitions market has become a long-term trend. Many experts believe that a new wave of M&A will inevitably lead to an increase in unemployment, and this, in turn, will lead to an aggravation of the social situation and require additional costs from the budget.

scholarly journals Business efficiency of the commercial banks in ASEAN

2016 ◽  
Vol 13 (1) ◽  
pp. 67-76 ◽  
Author(s):  
Abdul Mongid
Keyword(s):  
The Philippines ◽  
Capital Adequacy ◽  
Loan Loss ◽  
Loan Loss Provision ◽  
Business Efficiency ◽  
Personnel Expenses ◽  
Cost Inefficiency ◽  
Asean Countries ◽  
The Cost ◽  
Asset Size

This study examines the determinants of cost inefficiency of banks operating in 8 member countries of the Association of Southeast Asian Nations (ASEAN): Indonesia, Malaysia, Singapore, Thailand, the Philippines, Cambodia, Brunei and Vietnam. The author defines the cost inefficiency using accounting based efficiency known as business efficiency (CIR). Second, the researcher regresses the cost inefficiency ration on a set of bank specific variables (size, equity to total asset, personnel expenses to total expenses) and economic variables (economic growth and inflation rate) using ordinary least squared (OLS) regression analysis. The dataset of 504 banks in the ASEAN countries is used for the period from 2008 to 2012. The results show that the average cost inefficiency ratio during the period is about 59%. Banks from Vietnam exhibit the lowest cost inefficiency relative to banks in the other ASEAN countries. It is found that cost inefficiency is positively determined by inflation, loan loss provision, personnel expenses, capital adequacy and negatively by asset size and liquidity position

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