Using Digital Programs and Technologies to Simulate Business Development

2021 ◽  
pp. 71-87
Author(s):  
Ionica Oncioiu ◽  
Mihaela Mirela Dogaru ◽  
Manoela Popescu
Keyword(s):  
Human Capital ◽  
Decision Maker ◽  
High Probability ◽  
Optimal Solution ◽  
Digital Age ◽  
Business Development ◽  
Organizational Goal ◽  
Business People ◽  
Proper Management ◽  
Short Period

The priorities of business people in the digital age are human capital and innovation. As the changes are fast, in the digital age, the decision maker will not look for the optimal solution, but will stop at the first solution that he considers satisfactory and will put it into practice as soon as possible, given the fact that there is a high probability that the opportunity or the conditions for materializing the decision must change, even before the implementation of the decision. The use of digital programs and technologies to simulate the company's development decisions can circumvent these shortcomings, at least for a short period of time. This chapter shows that, in an increasingly digitized world, there is widespread recognition that a strong organizational goal is essential for any company, as well as an awareness that trust is becoming increasingly difficult to gain. Also, the proper management of the growing expectations of stakeholders contributes to building the confidence needed for an organization to survive and thrive.

FORMATION OF HUMAN CAPITAL IN THE DIGITAL TRANSFORMATION PARADIGM

2020 ◽  
Vol 2 (5) ◽  
pp. 115-119
Author(s):  
M. V. SAVINA ◽  
◽  
A. A. STEPANOV ◽  
I.A. STEPANOV ◽  
◽  
...  
Keyword(s):  
Human Capital ◽  
Digital Age ◽  
Digital Transformation ◽  
Educational Process ◽  
Knowledge And Skills ◽  
Main Components ◽  
The Impact ◽  
Modern Era

The article highlights the problems of the impact of "digitalization" of society on the formation and transformation of human capital, and above all, the development of new competencies, knowledge and skills. The main components of human capital in the modern era, the features of the formal and informal educational process are clarified and disclosed. The necessity of minimizing the precariat class is proved. The main directions of qualitative improvement of human capital adequate to the challenges of the digital age and globalization are defined.

PELANGGARAN ETIKA BISNIS

2018 ◽  
Vol 4 (2) ◽  
pp. 37-45
Author(s):  
Nurul Qomariyah
Keyword(s):  
Adverse Effects ◽  
Business Ethics ◽  
Business Development ◽  
Basic Knowledge ◽  
Economic Activities ◽  
Market Mechanisms ◽  
Business People ◽  
Doing Business ◽  
Moral Aspect ◽  
A Company

Violations of business ethics that occur at this time, become a problem in itself. One of the factors supporting the occurrence of these violations is due to lack of basic knowledge about business ethics and the freedom of business people in carrying out economic activities, as a result many business people are competing in improving market mechanisms, Business should be assessed from a moral standpoint, just like all other human activities also seen from a moral standpoint. Because when not looking at the moral aspect of doing business, business people only think about how to increase sales turnover, and not only increase turnover, but also do things that are not ethical, such as: bribery, corruption, collusion and nepotism, it makes people uneasy . Adverse effects that will occur if a company is immoral and enforces the norms that apply in business ethics then it can have an impact on consumers' distrust of their products and can complicate business development again. Key words : Violation, Bussines ethic, case

A qualitative investigation of smaller firm e‐business development

2004 ◽  
Vol 11 (3) ◽  
pp. 349-361 ◽  
Author(s):  
Ian Fillis ◽  
Ulf Johansson ◽  
Beverly Wagner
Keyword(s):  
Conceptual Model ◽  
Decision Maker ◽  
Entrepreneurial Orientation ◽  
Business Development ◽  
Future Research ◽  
Qualitative Investigation ◽  
Research Propositions ◽  
Depth Interviews

A previous paper by the authors drew on existing research on e‐business and the smaller firm, developed a conceptual model and a set of research propositions. This paper analyses a series of qualitative, in‐depth interviews of owner/managers of smaller firms in central Scotland in order to test the research propositions. Results indicate that industry and sectoral factors play an important role in the level of e‐business development achieved. In many cases the customer determines the need for e‐business adoption, rather than any internally planned programme of adoption. Other important factors include the degree of entrepreneurial orientation of the key decision maker and the ability to exploit appropriate competencies. Recommendations for encouragement of e‐business development are made and suggestions for future research are included.

scholarly journals Fixation patterns in simple choice reflect optimal information sampling

2019 ◽  
Author(s):  
Frederick Callaway ◽  
Antonio Rangel ◽  
Tom Griffiths
Keyword(s):  
Decision Making ◽  
Decision Maker ◽  
Sequential Sampling ◽  
Empirical Work ◽  
Reaction Times ◽  
Optimal Solution ◽  
Cognitive Resources ◽  
Human Decision ◽  
Information Sampling ◽  
Optimal Information

When faced with a decision between several options, people rarely fully consider every alternative. Instead, we direct our attention to the most promising candidates, focusing our limited cognitive resources on evaluating the options that we are most likely to choose. A growing body of empirical work has shown that attention plays an important role in human decision making, but it is still unclear how people choose with option to attend to at each moment in the decision making process. In this paper, we present an analysis of how a rational decision maker should allocate her attention. We cast attention allocation in decision making as a sequential sampling problem, in which the decision maker iteratively selects from which distribution to sample in order to update her beliefs about the values of the available alternatives. By approximating the optimal solution to this problem, we derive a model in which both the selection and integration of evidence are rational. This model predicts choices and reaction times, as well as sequences of visual fixations. Applying the model to a ternary-choice dataset, we find that its predictions align well with human data.

Application of Fuzzy Optimization in Forecasting and Planning of Construction Industry

2008 ◽  
pp. 254-265 ◽  
Author(s):  
P. Vasant ◽  
N. Barsoum ◽  
C. Kahraman ◽  
G.M Dimirovski
Keyword(s):  
Construction Industry ◽  
Decision Maker ◽  
Fuzzy Optimization ◽  
Optimal Solution ◽  
Fuzzy Membership Function ◽  
Programming Approach ◽  
Intelligent Computing ◽  
For Profit ◽  
Satisfaction Index ◽  
Degree Of Satisfaction

This chapter proposes a new method to obtain optimal solution using satisfactory approach in uncertain environment. The optimal solution is obtained by using possibilistic linear programming approach and intelligent computing by MATLAB?. The optimal solution for profit function, index quality and worker satisfaction index in construction industry is considered. Decision maker and implementer tabulate the final possibilistic and realistic outcome for objective functions respect to level of satisfaction and vagueness for forecasting and planning. When the decision maker finds the optimum parameters with acceptable degree of satisfaction, he/she can apply the confidence of gaining much profit in terms of helping the public with high quality and least cost products. The proposed fuzzy membership function allows the implementer to find a better arrangement for the equipments in the production line to fulfill the wanted products in an optimum way.

scholarly journals Should individuals migrate before acquiring education or after? A new model of Brain Waste vs. Brain Drain

2019 ◽  
Vol 19 (2) ◽  
Author(s):  
Elise S. Brezis
Keyword(s):  
Human Capital ◽  
Brain Drain ◽  
Return Migration ◽  
Optimal Solution ◽  
Unified Model ◽  
New Model ◽  
Unique Model ◽  
Migration Decisions ◽  
Timing Of Migration

AbstractShould individuals migrate before acquiring education or after? In order to analyze the optimality of the timing of migration, I develop a model of migration, which combines the two migration decisions into a unique model – the decisions about where to get an education and about where to work. The main reason for having a unified model is that investment in human capital cannot be disjoined from the decision about work. This paper shows that brain drain is usually an optimal solution. But, when we incorporate “brain waste” and “return migration”, then it is optimal to migrate when young.

scholarly journals Discrete Robustness Optimization on Emergency Transportation Network Based on Prospect Theory

2019 ◽  
Vol 2019 ◽  
pp. 1-18 ◽  
Author(s):  
Zheng-kun Zhang ◽  
Chang-feng Zhu ◽  
Qing-rong Wang ◽  
Jia-shan Yuan
Keyword(s):  
Genetic Algorithm ◽  
Prospect Theory ◽  
Decision Maker ◽  
Transportation Network ◽  
Optimal Solution ◽  
Improved Genetic Algorithm ◽  
Decision Behavior ◽  
Bidirectional Search ◽  
Robustness Optimization

This paper focuses on the discrete robustness optimization of emergency transportation network with the consideration of timeliness and decision behavior of decision-maker under the limited rationality. Based on a situation that the nearer to disaster area, the higher probability of time delay, prospect theory is specially introduced to reflect the subjective decision behavior of decision-maker. Then, a discrete robustness optimization model is proposed with the purpose of the better timeliness and robustness. The model is based on the emergency transportation network with multistorage centers and multidisaster points. In order to obtain the optimal solution, an improved genetic algorithm is designed by introducing a bidirectional search strategy based on a newfangled path cluster to obtain specific paths that connect each storage centers and each disaster points. Finally, a case study is exhibited to demonstrate the reasonability of the model, theory, and algorithm. The result shows that the path cluster with the better timeliness and robustness can be well obtained by using the prospect theory and improved genetic algorithm. The analysis especially reveals that the robustness is correspondent to the risk aversion in prospect theory.

SYSTEM OF SUPPORTING INNOVATIVES OF AGRICULTURAL AND AGRICULTURAL SECTORS UNDER THE EXPERIENCE OF MAŁOPOLSKA ENTERPRISES

2017 ◽  
Vol XIX (4) ◽  
pp. 207-212 ◽  
Author(s):  
Anna Szeląg-Sikora ◽  
Zofia Gródek-Szostak ◽  
Jakub Sikora ◽  
Marcin Niemiec
Keyword(s):  
European Union ◽  
Human Capital ◽  
Business Development ◽  
The European Union ◽  
Publicly Funded ◽  
European Social Fund ◽  
Social Fund ◽  
Funded Project ◽  
Operational Program ◽  
System Project

The aim of the study was to analyze the scale and scope of interest of the research group of advisory services offered within the selected system project. The detailed purpose of the work was to determine the level of usefulness of the analyzed activities by the beneficiaries to which they were directed. Source of empirical data in the area of enterprise support systems was the system project „Providing business development services for entrepreneurs and those intending to start a one-stopshop business” under sub-measure 2.2.1. Operational Program „Human Capital”, co-financed by the European Union under the European Social Fund. Own research covered 70 agri-food companies benefiting from a publicly funded project.

scholarly journals Food Business Development Through Product Packaging Technology in Kramatwatu District, Serang Regency [Pengembangan Usaha Makanan Melalui Teknologi Kemasan Produk Di Kecamatan Kramatwatu Kabupaten Serang]

2019 ◽  
Vol 2 ◽  
pp. 159
Author(s):  
Ade Nahdiatul Hasanah ◽  
Suhartini Suhartini ◽  
Ratu Dea Mada Badriyah
Keyword(s):  
Small Businesses ◽  
Business Development ◽  
Consumer Trust ◽  
Selling Price ◽  
Product Packaging ◽  
Packaging Technology ◽  
Business People ◽  
Minimum Requirements

Regions that lack a lot of natural potential such as Kramatwatu become an obstacle in expanding the diversity of industries, especially food. Dry and wet food businesses are businesses that are loved by housewives in Kramatwatu Sub-district including dry foods such as cassava chips, banana chips, and peanut and peanut anchovies. The capital needed is not so much but is able to provide big profits. In addition to obtaining large profits, this business also has several risks to the detriment of its owner (Subuh, 2018). Various business threats are passed by mothers every day. Among them regarding the packaging that is suitable for the product is produced until the minimum requirements of the product enter the minimart. The ibM concept is offered when applied to business people, meaning that small businesses that want success are required to develop product packaging technology, therefore they must start by determining the packaging method that protects the product's content. Guaranteed fresh content, there is consumer trust in a product so that it improves the quality of the product itself. The next task is to provide product demographics in the form of production dates and selling prices. The knowledge transferred is: 1) Assistance in packaging type Sealing, 2) Assistance in determining the demographics of the production date and selling price through Labeling, 3) Procedures for the Management of P-IRT and other Household Permits to modern marketers

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