scholarly journals COMPANY FINANCIAL FLOW MODELLING BY SYSTEM DYNAMICS METHODOLOGY

2021 ◽  
Author(s):  
Dmytro ZHERLITSYN ◽  
Liudmyla GALAIEVA ◽  
Volodymyr MANDRA
Keyword(s):  
System Dynamics ◽  
Conceptual Model ◽  
Financial Management ◽  
System Analysis ◽  
Practical Implementation ◽  
Economic Activities ◽  
Business System ◽  
Financial Flow ◽  
Definition Of

Purpose – the purpose of the article is to develop a conceptual model of the company’s financial logistics based on the system dynamics principles. Research methodology – the article is based on the system analysis and system dynamics methods to define, classify and simulate a company financial flow. Findings – the definition of financial logistics for a business system has been defined. The authors make a classification of the company’s financial flow by the main economic activities and time series factors. Research limitations – commercial data, used for the practical implementation of the model, are confidential and cannot be disclosed. Practical implications – the model is implemented by transformation of a system dynamic flow graph into VENSIM programs. It may estimate the stationary trajectory financial flow and short-term and long-term gaps. Originality/Value – the conceptual model of the company’s financial logistics is determined based on the system dynam-ics principles. The model includes the advantages of the financial management methods and contemporary econometric analysis instruments based on a system dynamics.

Integral Communication Tool

2017 ◽  
Vol 13 (3) ◽  
pp. 1-21
Author(s):  
Ozren Rafajac ◽  
Alen Jakupović
Keyword(s):  
Conceptual Model ◽  
Family Relations ◽  
Relevant Information ◽  
Mutual Understanding ◽  
Communication Tool ◽  
Economic Activities ◽  
Different Types ◽  
Basic Functions ◽  
Relationship Improvement

An integral communication tool is producing a coherent message while attempting to achieve synergy among different types of communicators. By encouraging a purposeful dialogue and automatic exchange of relevant information, these kinds of tools can improve our mutual understanding, cooperation, collaboration and competitiveness. The main problem in collaboration is finding compatible partners, friends and people (with similar interests) with whom we can build long-term relationships in different fields of life, such as family relations, education and leisure. The same applies to all economic activities. The authors find a solution to this problem in the development of an integral communication tool that has the three main objectives: self-improvement, relationship improvement and qualitative improvement of collaboration. By analyzing the requirements of potential users, the authors have developed a conceptual model of an integral communication tool that explains its basic functions, subsystems and information connections.

Strategic Management of Technology for Power Generation Equipment: A System Dynamics Approach

2004 ◽  
Author(s):  
Flavio J. Franco
Keyword(s):  
Power Generation ◽  
System Dynamics ◽  
System Analysis ◽  
Technology Development ◽  
Scenario Planning ◽  
International Institute ◽  
Management Of Technology ◽  
Power Generation Equipment ◽  
The Government

There is a large number of studies about energy long term trends and policies, published by national and international government organisations. Commercial companies, particularly manufacturers of power generation equipment, can take benefit of these studies to test the robustness of long term technology development strategies. Scenario Planning and System Dynamics have been used by the government organisations to study energy policies. In this paper an application of this methodology is proposed for manufacturers of power generation equipment, in particular gas turbine manufacturers. A generic company is used as an illustrative example, against scenarios produced by the International Institute for Applied System Analysis. A System Dynamics model is proposed, simplifications and assumptions are discussed, the type of results that can be obtained is shown and some recommendations are suggested for the construction of more realistic models.

Analysis of financial risks in the financial and economic security management system of the enterprise

2021 ◽  
Vol 39 (6) ◽  
Author(s):  
Yuriy Sigidov ◽  
Aleksandr M. Petrov ◽  
Ainur A. Osmonova ◽  
Galina S. Zhukova ◽  
Yurii O. Kostenko
Keyword(s):  
Management System ◽  
System Analysis ◽  
Practical Importance ◽  
Security Management ◽  
Economic Security ◽  
Practical Implementation ◽  
Financial Risks ◽  
Economic Activities ◽  
Current Economic Situation ◽  
Combination Of Methods

The relevance of the study is determined by the need to develop and implement effective tools for analysing the probability of financial risks that may potentially arise in the operation of the financial and economic security management system of an enterprise, regardless of its particular affiliation to any economic sphere. The purpose of this study is to assess the theoretical prerequisites for creating an effective system for analysing financial risks in the operation of the financial and economic security management system of an enterprise at any stage of its operation and to analyse the probability of practical implementation of such a system. The leading approach in this scientific study is a combination of methods of system analysis of the activity of management systems for the economic and financial security of the enterprise, with an analytical study of the analysis of financial risks arising during the operation of this enterprise. In the course of the study, scientific confirmation was obtained regarding the fact that there is a clear, structural relationship between the analysis of the level of financial risks in the enterprise's activities and the functioning of its financial and economic security management system, which suggests that a high-quality and timely analysis of financial risks is essential for various aspects of the security of the enterprise in general. The results obtained in the course of this study are of great practical importance for employees of the economic and financial systems of enterprises of various forms of ownership and activities that solve the problems of developing effective methods for protecting the economic activities of organisations in the conditions of instability of the current economic situation on world markets and real threats of increasing financial losses of enterprises in this regard.

scholarly journals DEVELOPMENT OF A MECHANISM FOR MANAGING THE INCOME OF FINANCIAL AND CREDIT INSTITUTIONS IN THE CONTEXT OF ECONOMIC MODERNIZATION

2021 ◽  
Vol 80 (1) ◽  
pp. 53-58
Author(s):  
G. P. Koptayeva ◽  
◽  
M. Kanabekova ◽  
Ye. Zh. Yertayev ◽  
A. B. Orazbayeva ◽  
...  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Banking Sector ◽  
High Efficiency ◽  
Banking System ◽  
Economic Security ◽  
Practical Implementation ◽  
The Stability ◽  
Definition Of ◽  
Credit Institutions

The research is caused, firstly, by the need to specify the definition of financial and credit institutions as subjects of the banking sector of Kazakhstan, analyze and evaluate existing approaches to managing their stability in the strategic aspect and identify factors (possible threats and dangers) that lead to loss of financial stability, and, secondly, by the need to develop a mechanism for managing the financial profitability of financial and credit institutions, ensuring their stable position both in the short and long term. To improve the quality of financial management and ensure the profitability of financial and credit institutions, it is necessary to justify and develop a strategy for managing their financial stability. At the same time, it should be borne in mind that even with high efficiency and profitability, insufficient attention to the issues of ensuring the stability and economic security of financial and credit institutions can lead to financial difficulties for them. Taking into account the problems discussed above, the relevance of issues related to improving the stability mechanism of financial and credit institutions has significantly increased, as has the need to find a new methodological apparatus aimed at adapting and studying foreign experience and its practical implementation in the domestic banking system.

scholarly journals The conceptual bases of introduction of foresight marketing into business management

2018 ◽  
Vol 16 (3) ◽  
pp. 163-173 ◽  
Author(s):  
Olga Verdenhofa ◽  
Mykola V. Afanas'jev ◽  
Anastasiia Panchuk ◽  
Iuliia Kotelnykova ◽  
Ganna Chumak
Keyword(s):  
Conceptual Model ◽  
System Analysis ◽  
Comparative Method ◽  
Modern Approach ◽  
Scientific Methods ◽  
Marketing Process ◽  
Theoretical Approaches ◽  
New Perspective ◽  
Definition Of ◽  
Marketing Principles

The article outlines a critical analysis of theoretical approaches to the development of the concept of foresight marketing on the basis of which the own definition of “foresight marketing” has been developed. Modern enterprises are interested in receiving reasonable foresight forecasts in marketing, which was not sufficiently distributed in the practical activity of the enterprise.Theoretical and practical aspects of the foresight framework are still explored insufficiently. Therefore, the purpose of the article is to improve the theoretical framework of foresight marketing and to create the conceptual model of foresight marketing.The following scientific methods have been used in this research: system analysis, content analysis, comparative method, method of logical generalization, morphological method, dialectics of the relationship between fundamental and applied knowledge.The analysis revealed imperfection of the theoretical apparatus of foresight marketing, thus, the modern approach to the interconnection and balance of foresight marketing and strategic marketing on the enterprises was suggested. To develop a conceptual model of foresight marketing, the authors have considered and described its major components. A conceptual model of foresight marketing is a systematic combination of certain elements, namely: conditions, barriers, and prerequisites; subject and object; methodology of foresight marketing; principles, tools, and categories.The article presents a generalized model of foresight marketing process, which shows the basic subjects and bases on four consecutive stages. The authors provide a new perspective as for the concept of foresight marketing and the basic prerequisites for the implementation of foresight in marketing management.

scholarly journals Problems and prospects for the development of corporate strategic planning in the digital technology environment

2021 ◽  
Vol 9 (2) ◽  
pp. 171-175
Author(s):  
Petr Levchaev
Keyword(s):  
Strategic Planning ◽  
Financial Management ◽  
System Analysis ◽  
Planning Process ◽  
Digital Technologies ◽  
Business Environment ◽  
Digital Economy ◽  
Analysis And Synthesis ◽  
New Business ◽  
Definition Of

Objectives. A set of theoretical, methodological and practical approaches to the development of strategic planning of corporate activities in the transition to a digital technological system. Methods. The application of a comprehensive scientific approach is based on a combination of General scientific and special research methods: retrospective, system analysis and synthesis, comparison and generalization, and evolutionary. Results. As the analysis of existing approaches to the definition of the digital economy has shown, there is still no consensus on the definition and content of this term, which leads to problems in identifying the elements that are included in it. The development of strategic planning in the digital economy determines the specifics of the planning process, the choice of appropriate methods and their implementation. A model of the enterprise strategic planning digitalization platform is proposed, reflecting the most significant subsystems, which can be modified taking into account the specifics of the company's actions in the external environment, as well as based on the competitive advantages of the internal environment and the relationship of the leading structural elements. Conclusions and Relevance. Companies in the new business environment need new approaches to strategic planning that take into account current management aspects. The introduction of digital technologies will maximize the use of information technology resources in order to increase the productivity and financial performance of corporations. The process of managing the company's strategy using digital technologies allows you to conduct operational control over revenues and expenses, optimize inventory. The development of strategic planning of enterprises should be synchronized with the corresponding improvement of the regulatory framework. The identified features of the formation of indicators of companies ' competitiveness, as well as the scheme of digitalization of the platform for strategic planning of their activities can be recommended for use in the practice of corporate financial management, long- term financial planning and budgeting.

DEFINITION AND METHODS TO ESTIMATE THE FINANCIAL STABILITY OF INDIVIDUALS

2021 ◽  
pp. 11-16
Author(s):  
O. V. Kozminykh ◽  
Keyword(s):  
Financial Stability ◽  
Professional Services ◽  
Stability Assessment ◽  
Economic Activities ◽  
Theoretical Understanding ◽  
Definition Of ◽  
Financial Monitoring ◽  
Entrepreneurial Activities ◽  
Commercial Organization

Current conditions for conducting financial and economic activities create the necessity to develop a methodology for the financial stability assessment of both legal entities and individuals. It is related to the implementation of entrepreneurial activities by physical entities as individual entrepreneurs, the delivery of professional services as self-employed, and the conclusion of outsourcing agreements. However, the analysis of approaches to the definition of the concept of financial stability of individuals allowed concluding that this issue has not received proper theoretical understanding. The gap between the theory of finance and the practice of conducting financial and economic activities formed the goal of this study: to define and develop criteria for the individual's financial stability assessment. The paper analyzes the approaches to the definition of both the financial stability of a commercial organization and the methods for its assessment and compares the financial and economic activities of legal and physical entities. The paper defines the financial stability of a physical entity, which is understood as its ability to fulfill its obligations at its own expense in the long term. The author developed absolute and relative indicators for the individual's financial stability assessment. The author uses the saving rate, the market value of a property, and the volume of long-term loans and borrowings as absolute indicators of the financial stability of an individual. The market level of the individual's financial leverage and the ratio of fixed financial costs coverage are used as relative indicators. The application of the developed absolute and relative indicators for assessing the financial stability of individuals will rationalize the process of selecting counterparties operating as individuals, improve the quality of financial monitoring of the activities of individual entrepreneurs, and reduce the risks of credit institutions when granting loans to individuals.

scholarly journals Destructive mid- and long-term Side Effect of the Crisis: Rising Protectionism

2013 ◽  
Author(s):  
Serap Durusoy
Keyword(s):  
United States Of America ◽  
The United States ◽  
Global Capitalism ◽  
Economic Activities ◽  
Economic Problems ◽  
Descriptive Property ◽  
Definition Of ◽  
The Right ◽  
Global Arena

Finance based crisis with its effect felt in the second quarter of 2007 has acquired global characteristics, and taken held of many countries. Global crisis not only has worn down constructive opinions regarding global capitalism, which played an important role in shaping the 20 th, but it has also discredited market economies. Thus, in many countries, including the United States of America, public rescue package implementations have lead to more desirable state interventions.On the other hand, economic activities in the global arena following the crisis slowed down and it became more difficult for financial structures to exist, and reduction in global trade movements were observed.This situation has lead for countries to include protective policies against the crisis as well. In study, protective studies will be addresssed, which wear down the globalization acting as a descriptive property of both experimental and normative reality in the definition of the process we are currently experiencing. As the economic problems gradually increase, the kind of shapes trade constrictions and protective instincts illustrate themselves and possible results of this will be examined on a country basis (EURASİAN, USA, EU, OECD). Expecially, it will be examined whether protectionism is the right solition policy against the crisis on not, and then the degree of the effect of this policy in the drop experienced in the recent months in international trade will be addressed. Lastly, the type of measurements taken in the international arena regarding protectionism and suficiently of the measurements will be assessed.

PERTANGGUNGJAWABAN KERUGIAN NEGARA DALAM PENGELOLAAN KEUANGAN DAERAH

EDUKASI ◽  
2018 ◽  
Vol 16 (1) ◽  
Author(s):  
Hendra Karianga
Keyword(s):  
Financial Management ◽  
Criminal Liability ◽  
The State ◽  
Legal Proceedings ◽  
Regional Finance ◽  
Regional Budget ◽  
State Finance ◽  
Budget Policy ◽  
Definition Of ◽  
The Impact

Sources of revenue and expenditure of APBD (regional budget) can be allocated to finance the compulsory affairs and optional affairs in the form of programs and activities related to the improvement of public services, job creation, poverty alleviation, improvement of environmental quality, and regional economic growth. The implications of these policies is the need for funds to finance the implementation of the functions, that have become regional authority, is also increasing. In practice, regional financial management still poses a complicated issue because the regional head are reluctant to release pro-people regional budget policy, even implication of regional autonomy is likely to give birth to little kings in region causing losses to state finance and most end up in legal proceedings. This paper discusses the loss of state finance and forms of liability for losses to the state finance. The result of the study can be concluded firstly,  there are still many differences in giving meaning and definition of the loss of state finace and no standard definition of state losses, can cause difficulties. The difficulty there is in an effort to determine the amount of the state finance losses. The calculation of state/regions losses that occur today is simply assessing the suitability of the size of the budget and expenditure without considering profits earned by the community and the impact of the use of budget to the community. Secondly, the liability for losses to the state finance is the fulfillment of the consequences for a person to give or to do something in the regional financial management by giving birth to three forms of liability, namely the Criminal liability, Civil liability, and Administrative liability.Keywords: state finance losses, liability, regional finance.

Central Otago - Built on gold, growing on grass.

2014 ◽  
Vol 76 ◽  
pp. 15-23
Author(s):  
Barrie J. Wills
Keyword(s):  
Economic Growth ◽  
Land Use ◽  
National Economy ◽  
Local Community ◽  
Central Government ◽  
Future Generations ◽  
Economic Potential ◽  
District Council ◽  
Definition Of

A warm welcome to our "World of Difference" to all delegates attending this conference - we hope your stay is enjoyable and that you will leave Central Otago with an enhanced appreciation of the diversity of land use and the resilient and growing economic potential that this region has to offer. Without regional wellbeing the national economy will struggle to grow, something Central Government finally seems to be realising, and the Central Otago District Council Long Term Plan 2012-2022 (LTP) signals the importance of establishing a productive economy for the local community which will aid in the economic growth of the district and seeks to create a thriving economy that will be attractive to business and residents alike. Two key principles that underpin the LTP are sustainability and affordability, with the definition of sustainability being "… development that meets the needs of the present without compromising the ability of future generations to meet their own needs."

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