scholarly journals The Pros and Cons of Adopting Technology as a Business Pilot: Global Perspective

2019 ◽  
Vol 3 (2) ◽  
pp. 1-4 ◽  
Author(s):  
Afenya Millicent Selase ◽  
Aphu Elvis Selase
Keyword(s):  
Profit Maximization ◽  
Global Perspective ◽  
Internet Technology ◽  
Human Society ◽  
Multimedia Software ◽  
Daily Lives ◽  
Business World ◽  
For Profit ◽  
Efficiency And Effectiveness ◽  
Business Efficiency

Technology has revolutionized human society. A complex scientific knowledge that takes various forms is technology. It is also referred to as a set of meticulous knowledge used to create tools process actions and extricate materials to make work easy. Technology includes equipment such as computers, mobile phones, multimedia, software, games and apps, these are simple tools individuals use in their daily lives to make life comfortable and luxurious. Technology comes in various forms of such as mechanical, electrical, industrial or manufacturing and medical technology.   Any establishment set as a going concern for profit maximization is a business. Technology has various benefits which helps businesses achieve its ultimate goal, thus, maximize profit. Technological infrastructure’s impact on business efficiency and effectiveness is inevitable. There is a correlation between technology and business profit maximization be it positive or negative, because it has various impacts on businesses. The question is, does the type of technology adopted affect the business? The various types of technology indicate it has different purpose, to be efficient it needs to be used effectively. Today’s business world has been massively influenced by internet technology adoption. The utilization among business is inescapable since technology is rapidly regenerating global production, work and business methods, trade and consumption patterns of enterprises and consumers therefore, the paper is to evaluate if there is the need to adopt a particular technology that best fit a business industry.

Measuring the effects of tourists’ relative willingness to spend and third-degree price discrimination on inbound tourism expenditure differentials

2021 ◽  
pp. 135481662110300
Author(s):  
Usamah F Alfarhan ◽  
Khaldoon Nusair ◽  
Hamed Al-Azri ◽  
Saeed Al-Muharrami ◽  
Nan Hua
Keyword(s):  
Price Discrimination ◽  
Profit Maximization ◽  
Tourism Industry ◽  
Theoretical Argument ◽  
Total Expenditure ◽  
Conditional Quantile ◽  
For Profit ◽  
Inbound Tourism ◽  
Tourism Expenditure ◽  
Quantile Estimates

Tourism expenditures are determined by a set of antecedents that reflect tourists’ willingness and ability to spend, and de facto incremental monetary outlays at which willingness and ability is transformed into total expenditures. Based on the neoclassical theoretical argument of utility-constrained expenditure minimization, we extend the current literature by applying a sustainability-based segmentation criterion, namely, the Legatum Prosperity IndexTM to the decomposition of a total expenditure differential into tourists’ relative willingness to spend and an upper bound of third-degree price discrimination, using mean-level and conditional quantile estimates. Our results indicate that understanding the price–quantity composition of international inbound tourism expenditure differentials assists agents in the tourism industry in their quest for profit maximization.

scholarly journals Impact of emission trading and renewable energy support scheme on the optimality of generator side bidding

2020 ◽  
Vol 167 ◽  
pp. 05008 ◽  
Author(s):  
A Arya ◽  
SPS Mathur ◽  
M Dubey
Keyword(s):  
Renewable Energy ◽  
Ghg Emissions ◽  
Profit Maximization ◽  
Emission Trading ◽  
Pso Algorithm ◽  
Optimization Method ◽  
Developed Countries ◽  
Test System ◽  
For Profit ◽  
System Operator

As a major Green House Gases (GHG) producer, CO2 in particular, the electricity industry’s emissions have turned in to a matter of immense concern in many countries, especially in India. India’s economy and fast economic development has attracts the attention of the world. Emission trading schemes (ETS) and renewable energy support schemes (RESS) are implemented by the various developed countries to alleviate the affect of GHG emissions. In this paper, an optimization based market simulation approach is proposed with the consideration of emission trading schemes and renewable support schemes. To simulate the bidding strategy and for profit maximization, a particle swarm optimization (PSO) algorithm is used. As above problem is a multi-objective optimization problem, Where, in the first level each Genco submit the bid to the independent system operator and in the next level a optimization method is used for the determination of optimal bidding with the implementation of emission trading schemes and renewable support schemes. It is assumed that each generator should submit bid as a price taker’s in sealed auction based on pay-as-bid market clearing price mechanism. The practicability of proposed optimization method is checked by an IEEE-30 bus test system consists of six suppliers.

Ride service outsourcing for profit maximization

2009 ◽  
Vol 45 (1) ◽  
pp. 138-148 ◽  
Author(s):  
Yihua Li ◽  
Xiubin Wang ◽  
Teresa M. Adams
Keyword(s):  
Profit Maximization ◽  
Service Outsourcing ◽  
For Profit

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 Overcoming the Problem With Solving Business Problems: Using Theory Differently to Rejuvenate the Case Method for Turbulent Times

2020 ◽  
Author(s):  
Todd Bridgman ◽  
C McLaughlin ◽  
Stephen Cummings
Keyword(s):  
Management Education ◽  
Profit Maximization ◽  
Case Method ◽  
Core Element ◽  
Capitalist System ◽  
For Profit ◽  
Not For Profit ◽  
Turbulent Times ◽  
Business As Usual ◽  
Critical Questioning

© 2018, The Author(s) 2018. A questioning of the neoliberal consensus in the global economic order is creating turbulence in Western democracies. Long regarded as the only viable capitalist model, neoliberalism is now subjected to increasing scrutiny. Management education that has been aligned to a neoliberal worldview must now respond to this shifting landscape in order to retain its legitimacy. One core element of management education undergoing revision as a result is the case method of teaching. The case method’s traditionally narrow focus on training students to solve business problems is increasingly problematic in an environment where the structure of the capitalist system in which firms operate is now a topic of debate. To address this, we argue for a reconceptualization of the case method’s relationship with theory. This has conventionally taken two forms: a hostility to any inclusion of theory in the analytical process and an approach that uses theory as an instrument for profit maximization. We propose an alternative third approach that encourages students to engage in a critical questioning of business-as-usual capitalism from the perspective of multiple stakeholders, including managers, employees, unions, not-for-profit organizations, government, and the natural environment.

scholarly journals IoT Usage On Smart Campus: A Systematic Literature Review

2021 ◽  
Vol 11 (5) ◽  
pp. 45-52
Author(s):  
Evaristus Didik Madyatmadja ◽  
◽  
Tri Rizky Yulia ◽  
David Jumpa Malem Sembiring ◽  
Sinek Mehuli Br Perangin Angin
Keyword(s):  
Higher Education ◽  
Internet Technology ◽  
The Internet ◽  
Technological Advancement ◽  
Industrial Sectors ◽  
Smart Campus ◽  
Efficiency And Effectiveness ◽  
The Times ◽  
The Right ◽  
Higher Education Industry

— At present and along with the development of the times, higher education or campuses are increasingly competing with each other, especially in Indonesia. Each campus is competing to improve its quality so that it has a good assessment and can become a World Class University. This is done in various ways, for example, such as providing campus infrastructure that is equipped with adequate technology or combining technology into activities or all processes on campus, this is called the implementation of a smart campus. So that by forming a smart campus, the campus can produce better quality human resources. One form of technological advancement is the emergence of internet technology, the Internet stands for interconnection networking as a communication network connecting between electronic media using the standard IP (Internet Protocol). The internet has many benefits that make it widely used in various industrial sectors, one of which is in the higher education industry. IoT exists as an evolution of the internet as a system that has remote control. IoT is one of the right solutions to support smart campus implementation. The use of IoT on a smart campus can improve campus quality, efficiency and effectiveness. The purpose of this study is to determine the description of IoT, the network technology used and how the implementation can be done on a smart campus

Incorporating Knowledge Management into E-Commerce Applications

2010 ◽  
pp. 975-982
Author(s):  
Sandra Moffett ◽  
Martin Doherty ◽  
Rodney McAdam
Keyword(s):  
Knowledge Management ◽  
New Technologies ◽  
Business Success ◽  
Business World ◽  
For Profit ◽  
Employee Relationships ◽  
Business Function ◽  
Knowledge Intensive ◽  
Relationship Of ◽  
The Relationship

Knowledge Management (KM) is the process of critically managing knowledge to meet existing needs, identify and exploit existing and acquired knowledge assets and develop new opportunities (Quintas et al, 1997). With the emergence of knowledge-intensive industries, where organisations rely on knowledge of their staff for competitive advantage (Lustri et al., 2007), KM has become key for business success (Mu-jung et al., 2007). KM is now an integral business function (Zhou and Fink, 2003) in both traditional and internet-based businesses (Borges Tiago et al., 2007) to the extent that KM is now viewed essential for profit (Yang, 2008). It is widely acknowledged today that new technologies, in particular access to the Internet, tend to modify communication between stakeholders in the business world, such as relationships between the organisation and its clients, the internal functioning of the organisation, including enterprise-employee relationships and the relationship of the organisation with partners and suppliers. This integration to improve the functioning of the organisation to create value for all parties involved is referred to as Electronic Commerce (e-commerce, EC) (Turban et al, 2006).

Sign in / Sign up

Export Citation Format

Share Document