scholarly journals Public Institution Fights on Financial Management during Pandemic Crisis

2020 ◽  
Vol 1 (6) ◽  
pp. 23-29
Author(s):  
Mateen Tashfeen ◽  
Zaryan Shahmeer
Keyword(s):  
Decision Making ◽  
Financial Management ◽  
Average Method ◽  
Public Institution ◽  
Funding Decision ◽  
Consumer Debt ◽  
High Interest ◽  
Emergency Fund ◽  
Minimize Costs

This study discusses about the financial management, investation decision,which is include about the funding decision, and devided decision. The finanncial management porpuse to maximize profit or profit and minimize costs in order to obtain a maximum decision making in running the company towards the development and running company. Managing finances during the pandemic namely (1)  adjust variable expenses using the average method (2) prioritize mandatory and necessary (3) pay off high-interest consumer debt, and don’t add more (4) keep an emergency fund where it sholud be (5) thinking twice about making a profit from insurance (6) still set aside money for investment (7) just set aside 10% of income for things that are desire.

USING REAL OPTIONS IN AN INVESTMENT VALUATION AND DECISION-MAKING PROCESSES

2020 ◽  
Vol 1 (8) ◽  
pp. 43-46
Author(s):  
T. T. ADAMIYA ◽  
Keyword(s):  
Decision Making ◽  
Real Options ◽  
Financial Management ◽  
Significant Risk ◽  
Investment Project ◽  
Market Uncertainty ◽  
Investment Activity ◽  
Traditional Assessment ◽  
Decision Making Processes ◽  
Additional Value

The current stage of global development is characterized by opportunities for investment activity, along with an instability of the economic situation and high uncertainty, dictates the need for investors and managers to make effective decisions, taking into account constantly changing conditions. An investor, while making a decision which project to accept, for the most part, uses the standard methods of financial management as a basis for forecasting and analysis. Considering fast-moving processes of technology change, as well as the conditions of market uncertainty, significant risk and agency problems, the article proposes the use of real options as an insurance (hedging) tool for investors against risks at different stages of the investment project. Risk management can be carried out through real options - the tool of flexibility in decision making. Traditional assessment methods ignore the ability to adapt internal and external changes, however management flexibility can significantly reduce risks, and therefore create additional value.

scholarly journals A Scenario-Based Investigation of Surrogate Decision Making for Older Adults

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 703-703
Author(s):  
Yuxin Zhao ◽  
Benjamin Katz ◽  
Pamela Teaster
Keyword(s):  
Older Adults ◽  
Decision Making ◽  
Financial Management ◽  
Self Efficacy ◽  
Decision Makers ◽  
Surrogate Decision Making ◽  
Insurance Company ◽  
Surrogate Decision ◽  
Critically Ill Adults ◽  
Amazon's Mechanical Turk

Abstract Surrogate decisions involve complex, challenging choices; surrogate decision-makers make treatment decisions for approximately 40% of hospitalized adults and 70% of older adults, and up to 95% of critically ill adults of any age. The purpose of our study was to understand how people make decisions for others and how surrogate decision making is linked to people’s cognition, self-efficacy, and demographics, especially differences in acute (e.g., health and medical care, financial management, and end of life) versus general scenarios (spending time with family, contacting an insurance company on behalf of a family member). Participants were recruited through Amazon’s Mechanical Turk. We collected data from 290 adult participants aged 18 years or older. On average, people reported a higher level of confidence in general versus acute scenario. The differences of confidence in scenario-based surrogate decision-making links to decision-makers’ cognition, self-efficacy, the experience of decision-making, the experience of caregiving, and demographic factors.

scholarly journals PROBLBEM SOVING AND DECISION MAKING TRAINING FOR VILLAGE OFFICIALS TO IMPROVE THE QUALITY OF VILLAGE FINANCIAL MANAGEMENT IN CIAWI DISTRICT, BOGOR REGENCY

ICCD ◽  
2019 ◽  
Vol 2 (1) ◽  
pp. 588-590
Author(s):  
T Herry Rachmatsyah ◽  
Harry Nenobais
Keyword(s):  
Decision Making ◽  
Financial Management ◽  
Good Governance ◽  
Skills Training ◽  
Simulation Methods ◽  
Group Discussions ◽  
Governance Practices ◽  
The Village ◽  
Management Cycle

Village finance must be managed in a transparent, accountable, and participatory manner, and carried out in an orderly and disciplined budget. For this purpose, village officials must have sufficient skills to be able to manage village finances based on good governance practices. In general, villages will experience various problems in each stage of the village financial management cycle and decisions must be made on these issues. To improve problem solving and decision-making skills, training was carried out using lecture, discussion, and simulation methods with training participants consisting of village heads, village secretaries, and heads of financial affairs or village treasurers. During the training, participants showed high attention to the material provided by the facilitators and actively participated in group discussions and simulations. The trainees also considered that the material presented was relevant to their needs and it was hoped that the knowledge gained could be applied to improve the quality of financial management in their respective villages

scholarly journals Perencanaan Keuangan untuk Mencapai Tujuan Finansial

2010 ◽  
Vol 1 (1) ◽  
pp. 183
Author(s):  
Arta Moro Sundjaja
Keyword(s):  
Financial Planning ◽  
Financial Management ◽  
Investment Planning ◽  
Education Costs ◽  
Retirement Funds ◽  
The Right ◽  
Emergency Fund

Financial planning of individuals started a trend in Indonesia in recent years. This paper will attempt to design an individual financial planning. Object of this project include individual financial planning and financial management, investment planning, financial planning elements, prepare an emergency fund and retirement funds, education costs and achieve other financial goals. Of this paper is expected to increase the knowledge of individuals in managing finances and choosing the right media investments and achieve their financial goals.

scholarly journals An Empirical Assessment of Participation and Decision Making by Rural Women in Agriculture and Livestock Activities

2020 ◽  
Vol 7 (1) ◽  
pp. 009-012
Author(s):  
Rashmi Chaudhary ◽  
◽  
Yasmin Janjhua ◽  
Avineet ◽  
Krishan Kumar ◽  
...  
Keyword(s):  
Decision Making ◽  
Rural Women ◽  
Financial Management ◽  
Management Practices ◽  
Animal Husbandry ◽  
Economic Activities ◽  
Poor Access ◽  
Women In Agriculture ◽  
Modern Technologies ◽  
Selection Of

Women make essential contributions to agriculture and rural economic activities in all developing countries. Even though women contribute 60 to 80% of the labour in agriculture and animal husbandry, their involvement in selection of suitable crops and adoption of innovative and good management practices is very low. The study reported that sampled women respondents have shown participation in all the selected agriculture and livestock activities excluding marketing and financial management. The study put forth that very less households witness female participation in agriculture and livestock activities related decision making. Some of the important reasons for their subdued role in decision making in agricultural production could be lack of awareness about new opportunities and modern technologies, inadequate facilities for training and capacity building and poor access to extension workers for consultation whenever needed.

Budgeting as a Tool for Sustainable Development

2018 ◽  
pp. 42-60
Author(s):  
Fatih Yılmaz
Keyword(s):  
Decision Making ◽  
Sustainable Development ◽  
Strategic Planning ◽  
Financial Management ◽  
Sectoral Differences

Corporations are profit-oriented organizations. If they do not have enough profit, they cannot survive. The expectations and forecasts have a key role in decision making. Thorough those expectations and forecasts, a scenario is developed. If a scenario contains financials, it means that a budget is prepared. Budget is a kind of financial simulator of a business. Budgeting is a vital tool in financial management for sustainable development. Budgeting also maintains the effectiveness of capital and resource of the company. There is diversity in the budgets of each sector or each industry. Manufacturing, logistics, airlines, construction, hospitality, and others have sectoral differences in budgeting. In this chapter, objectives of budgeting, budgeting methods, steps in budgeting, sectoral differences, relationship between budgets, and strategic planning are discussed.

Investor Biases in Financial Decisions

2015 ◽  
pp. 147-169
Author(s):  
Shalini Kalra Sahi
Keyword(s):  
Decision Making ◽  
Information Processing ◽  
Financial Management ◽  
Investment Decision ◽  
Self Awareness ◽  
Rational Decision ◽  
Net Worth ◽  
Financial Decisions ◽  
Investment Decision Making ◽  
Making Choices

Financial Decisions involve making choices between various investment alternatives, with the aim of increasing the individual's net worth. The investor today is exposed to various investment options, but does not have the knowledge and capability of evaluating all the options and making a rational decision. Due to the limitation in the information processing capacities of the individuals, their beliefs and preferences, the investment decision-making process, gets biased. This chapter highlights ten such biases and throws light on how they impact investment behaviour, both positively and negatively. This understanding of investor psychology will generate insights that will benefit the financial advisory relationship. Further for Individuals, recognizing how the biases impact their financial decisions, can help create self-awareness and an understanding that would help them in better financial management, in case these tendencies are leading them to make unsatisfactory investments.

scholarly journals The provision and utilisation of casemix and demographic data by nursing managers in seven hospitals

2003 ◽  
Vol 26 (1) ◽  
pp. 209 ◽  
Author(s):  
Nicole Blay ◽  
Judith Donoghue
Keyword(s):  
Decision Making ◽  
Financial Management ◽  
Nurse Managers ◽  
Demographic Data ◽  
Aged Care ◽  
Public Hospitals ◽  
Management Decision ◽  
Essential Information ◽  
Related Data ◽  
Nursing Managers

The role of the nursing manager has evolved from clinician and bed manager to one with greater accountability for evidence based practice, benchmarking and more recently, budget liability. Casemix data are widely believed to be a means of providing essential information for effective decision making and financial management but have not been widely utilised by nursing managers (Diers & Bozzo,1999). This paper will report the results of a survey of nursing managers in seven hospitals within a metropolitan area health service. The hospitals include tertiary referral hospitals, specialist public hospitals and an affiliated public hospital for aged care and rehabilitation services. The survey sought to establish what casemix and related data were provided to nurse managers, who provided these data and how supplied data were utilised by the nurse managers. Results demonstrated that the majority of nursing managers surveyed received minimal (if any) casemix and/or demographic data on a routine basis. Some were provided with data in response to specific requests. The information that was provided varied both within and across hospitals, and no consistent methods of data distribution were available. Few nursing managers believed that the information provided aided their decision-making processes partly due to the minimalist nature of provided data while some nursing managers demonstrated a lack of understanding of the potential benefit of casemix data as a resource to support management decision making.

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