scholarly journals COMPLEX EVALUATION OF THE ECONOMIC CRISIS IMPACT ON LITHUANIAN INDUSTRIES

2014 ◽  
Vol 15 (2) ◽  
pp. 299-315 ◽  
Author(s):  
Algirdas Krivka
Keyword(s):  
Decision Making ◽  
Economic Crisis ◽  
Multi Criteria Decision Making ◽  
Economic Activities ◽  
Complex Evaluation ◽  
Crisis Recovery ◽  
Asset Turnover ◽  
And Performance ◽  
The Impact

The paper analyses the impact of the economic crisis of 2008 on Lithuanian industries. The research involves 68 industries identified according to the 2nd-digit level classification of economic activities by Statistics Lithuania. Considering industry to be a complex phenomenon, the crisis effect is evaluated complexly on the basis of the system of 10 financial state and performance indicators belonging to four main groups of enterprise financial ratios: profitability, liquidity, solvency and asset turnover. SAW, TOPSIS and VIKOR multi-criteria decision making methods, widely applied in construction, economics and management, are selected as mathematical tools for quantitative assessment of the economic crisis effect on Lithuanian industries. By applying multi-criteria decision making methods relative positions (ranks) of industries are determined for every year of the period of 2006–2011. The ranks and their changes are further analysed distinguishing pre-crisis, crisis, and post-crisis periods, determining the industries most and least affected by the economic crisis; also, the industries characterised by the fastest and the slowest after-crisis recovery.

The impact of economic crisis on mental and physical health in Italy

2017 ◽  
Vol 14 (02) ◽  
pp. 103-110
Author(s):  
S. Tomassi ◽  
M. Ruggeri
Keyword(s):  
Mental Health ◽  
Physical Health ◽  
Economic Crisis ◽  
Social Determinants ◽  
Great Recession ◽  
Economic Recession ◽  
Behavioural Disorders ◽  
Economic Activities ◽  
The Impact ◽  
Mental And Physical Health

Summary Background: The global crisis that began in 2007 has been the most prolonged economic recession since 1929. It has caused worldwide tangible costs in terms of cuts in employment and income, which have been widely recognised also as major social determinants of mental health (1, 2). The so-called “Great Recession” has disproportionately affected the most vulnerable part of society of the whole Eurozone (3). Across Europe, an increase in suicides and deaths rates due to mental and behavioural disorders was reported among those who lost their jobs, houses and economic activities as a consequence of the crisis.

scholarly journals Fuzzy-Based Symmetrical Multi-Criteria Decision-Making Procedure for Evaluating the Impact of Harmful Factors of Healthcare Information Security

Symmetry ◽  
2020 ◽  
Vol 12 (4) ◽  
pp. 664 ◽  
Author(s):  
Rajeev Kumar ◽  
Abhishek Kumar Pandey ◽  
Abdullah Baz ◽  
Hosam Alhakami ◽  
Wajdi Alhakami ◽  
...  
Keyword(s):  
Decision Making ◽  
Information Security ◽  
Information Management ◽  
Cyber Security ◽  
Cyber Attacks ◽  
Multi Criteria Decision Making ◽  
Local Hospital ◽  
Healthcare Information ◽  
Security Breaches ◽  
The Impact

Growing concern about healthcare information security in the wake of alarmingly rising cyber-attacks is being given symmetrical priority by current researchers and cyber security experts. Intruders are penetrating symmetrical mechanisms of healthcare information security continuously. In the same league, the paper presents an overview on the current situation of healthcare information and presents a layered model of healthcare information management in organizations. The paper also evaluates the various factors that have a key contribution in healthcare information security breaches through a hybrid fuzzy-based symmetrical methodology of AHP-TOPSIS. Furthermore, for assessing the effect of the calculated results, the authors have tested the results on local hospital software of Varanasi. Tested results of the factors are validated through the comparison and sensitivity analysis in this study. Tabulated results of the proposed study propose a symmetrical mechanism as the most conversant technique which can be employed by the experts and researchers for preparing security guidelines and strategies.

scholarly journals GAME THEORY BASED MULTI CRITERIA DECISION MAKING PROBLEM UNDER UNCERTAINTY: A CASE STUDY ON INDIAN TEA INDUSTRY

2018 ◽  
Vol 19 (1) ◽  
pp. 154-175 ◽  
Author(s):  
Animesh DEBNATH ◽  
Abhirup BANDYOPADHYAY ◽  
Jagannath ROY ◽  
Samarjit KAR
Keyword(s):  
Game Theory ◽  
Decision Making ◽  
Evolutionary Game ◽  
Market Volatility ◽  
Evolutionary Strategies ◽  
Multi Criteria Decision Making ◽  
Tea Industry ◽  
Multi Agent ◽  
The Impact ◽  
Indian Tea

The long-term evolution of multi agent multi criteria decision making (MCDM) and to obtain sustainable decision a novel methodology is proposed based on evolutionary game theory. In this paper multi agent MCDM is represented as an evolutionary game and the evolutionary strategies are defined as sustainable decisions. Here we consider the problem of decision making in Indian Tea Industry. The agents in this game are essentially Indian Tea Estate owner and Indian Tea board. The replicator dynamics of the evolutionary game are studied to obtain evolutionary strategies which could be defined as sustainable strategies. The multi agent MCDM in Indian Tea Industry is considered under different socio-political and Corporate Social Responsibility scenario and groups of Indian Tea Industry. Again, the impacts of imprecision and market volatility on the outcome of some strategies (decisions) are studied. In this paper the imprecision on the impact of the strategies are modelled as fuzzy numbers whereas the market volatility is taken into account as white noise. Hence the MCDM problem for Indian Tea Industry is modelled as a hybrid evolutionary game. The probabilities of strategies are obtained by solving hybrid evolutionary game and could be represented as a Dempster-Shafer belief structure. The simulation results facilitate the Decision Makers to choose the strategies (decisions) under different type of uncertainty.

Fusion of Fuzzy Multi-Criteria Decision Making Approaches for Discriminating Risk with Relate to Software Project Performance

2021 ◽  
pp. 346-373
Author(s):  
Arun Kumar Sangaiah ◽  
Vipul Jain
Keyword(s):  
Decision Making ◽  
Project Performance ◽  
Software Project ◽  
Multi Criteria Decision Making ◽  
Assessment Framework ◽  
Planning And Control ◽  
Project Complexity ◽  
Software Project Performance ◽  
And Performance ◽  
And Control

The prediction and estimation software risks ahead have been key predictor for evaluating project performance. Discriminating risk is vital in software project management phase, where risk and performance has been closely inter-related to each other. This chapter aims at hybridization of fuzzy multi-criteria decision making approaches for building an assessment framework that can be used to evaluate risk in the context of software project performance in following dimensions: 1) user, 2) requirements, 3) project complexity, 4) planning and control, 5) team, and 6) organizational environment. For measuring the risk for effectiveness of project performance, we have integrated Fuzzy Multi-Criteria Decision Making (FMCDM) and Fuzzy Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) approaches. Moreover the fusion of FMCDM and TOPSIS has not been adequately investigated in the exiting studies.

Team Cognition, Collective Efficacy, and Performance in Strategic Decision-Making Teams

2012 ◽  
Vol 40 (3) ◽  
pp. 381-394 ◽  
Author(s):  
Huey-Wen Chou ◽  
Yu-Hsun Lin ◽  
Shyan-Bin Chou
Keyword(s):  
Decision Making ◽  
Collective Efficacy ◽  
Team Performance ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Team Cognition ◽  
Mediating Role ◽  
Collective Mind ◽  
And Performance ◽  
The Impact

With the growing use of teamwork for strategic decision making in organizations, an understanding of the teamwork dynamics in the strategic decision-making process is critical for both researchers and practitioners. By conceptualizing team cognition in terms of a transactive memory system (TMS) and collective mind, in this study we explored the relationships among TMS, collective mind, and collective efficacy and the impact of these variables on team performance. Longitudinal data collected from 98 undergraduates were analyzed. Neither the TMS–team performance relationship nor the collective mind–team performance relationship was significant. Collective efficacy was found to play a mediating role in such relationships. We concluded that team cognition with collective efficacy is beneficial for understanding teamwork dynamics in strategic decision making.

scholarly journals THE IMPACT OF THE ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS ON THE FINANCIAL SITUATION AND PERFORMANCE OF THE COMPANY

2020 ◽  
Author(s):  
Radoslav Tusan ◽  
Keyword(s):  
Financial Reporting ◽  
Insurance Companies ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Financial Indicators ◽  
Financial Situation ◽  
Financial Reporting Standards ◽  
And Performance ◽  
The Impact

This paper deals with the evaluation of the impact of the adoption of International Financial Reporting Standards (IFRS) on the financial situation and performance of the company. The Slovak Accounting Act allows accounting and reporting under IFRS for two types of entities - explicitly specified by law (e.g. banks, insurance companies, stock exchange); and those that meet specified size criteria. The analyzed company met the size criteria and IFRS has been applying since 2018. The transition from Slovak accounting procedures to IFRS has an impact on the classification of individual items of assets and liabilities, their structure, and the classification of related costs and revenues. The transition to IFRS thus has an impact on the company's financial position and performance. The paper set out two objectives of the research: 1) the transition to IFRS caused an insignificant change in the company's financial indicators; 2) the transition to IFRS caused a significant change in the company's financial indicators. The results of the analysis show changes in the structure of the company's assets and liabilities, the amount of income and expenses, and the less significant impact of the adoption of IFRS on financial indicators.

scholarly journals Modelo de auditoría integral para pequeñas Cooperativas de Ahorro y Crédito ecuatorianas. // Model of integral audit for small Ecuadorian saving and credit cooperatives.

Ciencia Unemi ◽  
2017 ◽  
Vol 10 (23) ◽  
pp. 49
Author(s):  
Fernando Veloz Navarrete ◽  
Diana Vargas Ulloa ◽  
Cesar Villa Maura
Keyword(s):  
Decision Making ◽  
Management Tool ◽  
Audit Process ◽  
Transdisciplinary Approach ◽  
Credit Cooperatives ◽  
Control And Prevention ◽  
Toma De Decisiones ◽  
And Performance ◽  
Single Instrument

La presente investigación expone la implementación de la “Auditoría Integral” asumida como herramienta gerencial para pequeñas Cooperativas de Ahorro y Crédito Ecuatorianas, ubicadas en el segmento 4, de acuerdo a la clasificación del Sistema Popular y Solidario. La novedad reside en la adopción de las prácticas comunes de auditorías diversas, aplicadas a las pequeñas entidades, sean estas de control y prevención, gestión, cumplimiento y financieras. El enfoque transdisciplinario es revelado como una estrategia y método para lograr resultados más acertados según Edgar Morín; al adoptar e imbricar estás técnicas de manera complementaria en un instrumento único, proporcionan de forma simplificada, coherente y pertinente, los pasos del proceso de auditoría para la toma oportuna de las decisiones y reorientaciones estratégicas. Es propuesta la “Auditoría Integral” como instrumento de monitoreo a la gestión empresarial, que responda en la pertinencia de la toma de decisiones, dadas las características y particularidades propias de este tipo de empresas, donde la gestión resulta un proceso estratégico y decisorio, en el éxito y desempeño de las mismas. ABSTRACTThe present research presents the implementation of the "Integral Audit" which is assumed as a management tool for small Ecuadorian Saving and Credit Cooperatives located in segment 4 according to the classification of the Popular and Solidary System. The new thing lies in the adoption of common auditing practices, applied to small entities that can be either of control and prevention, management, compliance and financial. The transdisciplinary approach is presented as a strategy and method to achieve more successful results according to Edgar Morín; by adopting and interweaving these techniques in a complementary way into a single instrument, they provide with the steps of the audit process for timely decision-making and strategic reorientation in a simplified, coherent and relevant way. It is proposed the "integral audit" as a monitoring tool for business management that responds in the pertinence of decision making, given the characteristics and particularities of these types of companies, where management is a strategic and decisive process for the success and performance of them.

scholarly journals Environmental regulation and financial performance of Chinese listed companies

PLoS ONE ◽  
2020 ◽  
Vol 15 (12) ◽  
pp. e0244083
Author(s):  
Bing Zhou ◽  
Jing Wu ◽  
Sidai Guo ◽  
Mingxia Hu ◽  
Jing Wang
Keyword(s):  
Financial Performance ◽  
Environmental Regulations ◽  
Random Effect ◽  
Inhibitory Effect ◽  
Eastern Region ◽  
The Sustainable Development ◽  
Chinese Listed Companies ◽  
And Performance ◽  
The Impact

Objective The answer to this article lies in: Does the financial activities of physical enterprises have an adverse impact on their main business? Is it conducive to the sustainable development of the national economy? However, when most scholars study the impact of environmental regulations on companies performance, they have not classified companies performance. This article will study the relationship between environmental regulations and performance levels based on the classification of companies performance, and then divide the nature of industry pollution, companies location and nature of property for in-depth research. Methods First, this article uses a random effect variable-intercept model to measure companies financial performance and non-financial performance. Then, the variables are divided into two variable groups: light pollution and heavy pollution according to the nature of industry pollution. Next, the companies are divided into three variable groups: the eastern region, the central region, and the western region. Finally, the company is divided into two variable groups: state-owned and non-state-owned according to the nature of property. Conclusions The study found that: (1) Environmental regulations have inhibited companies financial activities. And the inhibitory effect of environmental regulations on the financial performance of enterprises is more obvious in the heavily polluting industries and enterprises in central and eastern regions. (2) Environmental regulations and companies non-financial performance are also negatively related, environmental regulations have also inhibited the non-financial performance of companies, this effect is more pronounced in heavily polluting industries and enterprises in western regions. (3) Income crowding effect brought by China's environmental regulations is greater than the income compensation effect brought by stimulating technological innovation.

scholarly journals Strengths, weaknesses, opportunities, threats analysis on choice of multi chamber bag or compounded parenteral nutrition

2020 ◽  
Vol 11 (SPL4) ◽  
pp. 2298-2303
Author(s):  
Sahar Elnajjar ◽  
Dixon Thomas ◽  
Osama Tabbara ◽  
Danial Baker
Keyword(s):  
Decision Making ◽  
Parenteral Nutrition ◽  
Swot Analysis ◽  
Scale Up ◽  
Multiple Stakeholders ◽  
Scale Down ◽  
Internal And External Factors ◽  
The Impact

Reasons for choosing parenteral nutrition (PN) products depend on healthcare institutions internal and external factors. A decision to start, continue, scale-up, scale down, or stop compounding of PN involves multiple stakeholders. This study is an effort to analyze such factors and recommendations on decision-making. A strength, weakness, opportunities, threats (SWOT) analysis was prepared in consultation with major PN providers in the UAE and comparing to international best practices. Based on the SWOT analysis, a set of recommendations was prepared using the GRADE system (classification of quality of evidence and strength of recommendation). Feedback on the SWOT analysis and recommendations were collected from the PN providers. The SWOT analysis and recommendations address aspects of the choice of MCB-PN or compounded PN. It includes considerations on PN indication, availability of ingredients, types of patients, safety, and cost management with labor, automation, and outsourcing. It was received well. The SWOT analysis and recommendations are useful in decision-making in complex therapy like PN. It helps in institutional decisions on choices of MCB-PN or compounded PN. The impact of the recommendations is to be measured in the future.

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