Complex Economic Analysis Research Articles

Analytical model of the Interrelation between Enterprise’s Activity and its Financial Stability

To inquire aims of diversification as the most important Russian enterprises resultatives increase mechanism, the article considers scheme of enterprise functioning in diversification motives and aims interconnection and executes analyzing firm activity character change with its diversification and character of financial impact on its diversification. Analyzing particular diversification aims has allowed considering threats and negative factors, obligate to taking into account in forming enterprise activity diversification strategy to taking into account its specialties. Forming enterprise activity and financial sustainability basic assessing figures ordered graph and considering their calculation formulas has allowed modeling this graph. Practical realizing modeling enterprise activity diversification and financial sustainability basic figures ordered for a research object – St-Petersburg oil-gas machine-making enterprise taking into account presented graphic interpretation of its financial condition shows this research practical sustainability and opportunity to spread into other industries. The elaborated graph is the basis to form economically-mathematical models and algorithms of defining several kinds of enterprise’s credits. Besides that, it is one of effective instruments of complex economic analysis, which is the base of backgrounding potential enterprise development destinations with statistic modeling enterprise production process parameters. Therefore, elaborated graph practical realization helps to sufficient increasing effectiveness of managing enterprise.

The Methodology for Developing an Innovation Based on Co-Creation and Co-Production

Aim. The presented study aims to improve the quality function deployment methodology in innovation development with allowance for the principles of the value co-creation methodology.Tasks. The authors analyze the essence of the value co-creation concept in innovation development, examine the quality function deployment (QFD) methodology as a basic tool for the development of competitive incremental innovations, and propose their own revised methodology that combines the elements of co-creation and co-production on the part of the consumer.Methods. The methodological basis of the study comprises the scientific concepts of economic theory and innovation theory. This study also uses such general scientific methods as systems and complex approach, economic and statistical analysis to substantiate theoretical assumptions and rationalize the conclusions.Results. The authors recommend using a digital double of the developed innovation (product or technology) during quality function deployment. The usefulness of the digital double is confirmed by an example from one of the authors’ practice. During the development of the so-called technical benchmarking rooms for an innovation, the authors propose calculating competitiveness based on a customer satisfaction index (CSI). The classical quality function deployment methodology makes it possible to assess the superiority/lag of the developed innovation compared with the existing prototypes along a number of parameters. Calculation of the CSI indicator makes it possible to assess the developed innovation in terms of its conformity with the customer’s ideal, and give an indication of its overall superiority/lag in comparison with the existing prototypes. The authors propose a modification of the organizational structure, which is supposed to be engaged in the development of a competitive innovation based on the value co-creation methodology. In addition to the roles of developer, financial analyst, and marketer, a representative of the customer (buyer of innovation) is introduced into the group. Representatives of suppliers with long-term contracts are planned to be involved in the group’s work. As a whole, this type of organizational structure results in a significant synergistic effect of cooperation within the “supplier — manufacturer/developer — end consumer” system.Conclusions. This study proposes a modification of the quality function deployment methodology with allowance for additional customer preferences as well as production and service functions that the customer is ready to take on.

ОСОБЕННОСТИ ЭКОНОМИЧЕСКОГО АНАЛИЗА ОБОРОТНЫХ АКТИВОВ В КОРПОРАЦИИ ПИЩЕВОЙ ПРОМЫШЛЕННОСТИ

Цель: представленная статья посвящена проблемам анализа эффективности использования оборотных активов и особенностям их оценки в коммерческой организации пищевой промышленности, являющихся основным источником для поддержания платежеспособности и финансовой устойчивости, важным направлением комплексного экономического анализа. Обсуждение: в предположении, что платежеспособность выступает фундаментом ведения успешного бизнеса, развития и процветания, а рациональное использование оборотных активов способствует гибкости управления, снижению риска накопления неликвидных активов, обеспечивает независимость от внешних контрагентов, автор обосновывает место оборотных активов в обеспечении финансовой устойчивости организации. Их рациональное использование позволяет вне зависимости от времени принимать оптимальные управленческие решения и контролировать накопление запасов, рост дебиторской задолженности, снижение остатка денежных средств и эквивалентов, финансовые риски. Результаты: авторами раскрыта сущность оборотных активов, предложена последовательность этапов и система показателей структурно-динамической, коэффициентной и факторной оценки эффективности распоряжения материально-вещественными и денежными потоками, сделаны обобщающие выводы по результатам практических расчетов и анализа. Раскрыты особенности анализа компонентов оборотных активов на примере организации пищевой промышленности.

Probabilistic assessment of investment projects for the development of titanium dioxide deposits

The paper substantiates the possibility and scope of the simulation method for the purpose of assessing the probability of the effectiveness of the implementation of a strategic project for the development of deposits and the production of titanium dioxide in Russia. The results of the work are based on the methods of complex economic analysis and economic and mathematical modeling. The main and additional effects of the implementation of a strategic investment project of combining several titanomagnetite ore deposits in the mining complex are identified, an economic-mathematical model for estimating the probability of the effectiveness of the project for the production of titanium dioxide is proposed, taking into account changes in environmental factors. According to the results, the investment project for the construction of an industrial complex for the titanium dioxide production from a set oftitanomagnetite ore deposits - Kolvitsky, Afrikandsky and Pudozhgorsky will be successfully implemented. The results of the study can be used for a preliminary feasibility study assessment of titanomagnetite oresmining and further stages of project planning and implementation.

Administrative and judicial review of EU supervisory decisions in the banking sector

After the financial and economic crisis, the EU institutions have been granted supervisory powers in the banking sector. Supervisory authorities enjoy a wide discretion in carrying out their tasks. In this context, establishing independent administrative bodies of review may be a useful tool to control supervisory decisions and to protect the interests of stakeholders. Supervisory measures are subject to judicial review, to protect the stakeholders’ rights. However, courts cannot substitute their own discretion for that of the legislator or administrative authority. In case an EU institution fails to comply with their supervisory duties, it becomes responsible for any damages caused to third parties. According to case-law, non-contractual liability is recognised in a restrictive way in relation to acts which imply complex economic analysis.

АНАЛИЗ ЭФФЕКТИВНОСТИ ИСПОЛЬЗОВАНИЯ ДЕНЕЖНЫХ СРЕДСТВ КОММЕРЧЕСКОЙ ОРГАНИЗАЦИИ ДЛЯ ОБЕСПЕЧЕНИЯ ЕЕ УСТОЙЧИВОГО КОНКУРЕНТОСПОСОБНОГО РАЗВИТИЯ

Цель: представленная статья посвящена проблемам анализа эффективности использования денежных средств коммерческой организации, являющихся основным источником развития ее конкурентоспособности, обеспечением платежеспособности и финансовой устойчивости, важным направлением комплексного экономического анализа. Обсуждение: в предположении, что стабильность денежных потоков организации выступает фундаментом ведения успешного бизнеса, развития и процветания, а рациональное использование внешних источников финансирования способствует гибкости управления, обеспечивает независимость от внешних контрагентов, автор обосновывает место денежных средств в обеспечении финансовой устойчивости и платежеспособности организации. Их рациональное использование позволяет вне зависимости от времени принимать оптимальные управленческие решения и контролировать финансовые риски, выбирать заемные источники финансирования. Результаты: авторами раскрыта сущность денежных потоков, предложена систематизация показателей оценки достаточности и эффективности распоряжения денежными средствами, сделаны обобщающие выводы по результатам практических расчетов и анализа. Раскрыты организационные аспекты экономического анализа денежных потоков.

Causation in Trade Remedy Actions: Problems with the ‘But for’ Test

Trade policy commentators have advocated the use of the ‘but for’ test in determining causation in trade remedy investigations. While a ‘but for’ or counterfactual analysis has been fairly common in tort and contract cases, it may not be appropriate in the settings of trade remedy actions. Trade remedy actions often include multiple causes and involve longer periods of investigation. Furthermore, the efficacy of ‘but for’ test in conducting nonattribution analysis is ambiguous. The article argues that a typical ‘but for’ analysis is not susceptible for empirical observation and may require complex economic or statistical analysis, which may not be in the interests of all WTO members.

Improving the complex economic analysis in the conditions of financial and economic crises

Economic analysis is aimed at the search for reserves to increase the effectiveness of a business company’s economic activity. The most important task is diagnostics and determination of the character of the effect produced by different factors on business processes. Financial and economic crises, that from time to time occur, belong to the most significant external factors that can have a strong effect on the stability of business structures. The author analyzes financial crises that took place in the last decade and also attempts to adapt the system of complex economic analysis to the conditions of crises.

Next steps toward an economics for a creative world: a comment

AbstractIn this comment I discuss the excellent contribution of Koppl et al. (2014) to our understanding of the role of institutions in the economic system. Much that is offered by them reinforces and extends previous analysis by institutional and evolutionary economists. However, I argue that there are areas of evolutionary economics and complex economic system analysis that need to be integrated into their evolutionary economic perspective to make it more complete. Also, I argue that they are too kind to mainstream economists who purport to deal with institutions and complexity and that they should consider where the boundaries of science should lie in economics.

IMPROVEMENT METHODICAL BASES COMPLEX ECONOMIC ANALYSIS OF THE BUILDING ENTERPRISE

It is considered and elaborated contents and intercoupling main stage undertak???ing the complex economic analysis external and internal ambience of the building en???terprise as the main means for reception lacking for decision making of information, all-round, packed and holistic reflecting condition and efficiency to economic activity of the building enterprise. They are offered principles to realization such main characteristic of the economic analysis as systematic, centrality of purpose, selectivity and validity got on his base of information.

Competition Act 2010: the issues and challenges

It took more than 20 years of efforts and political will to pass the general competition law in Malaysia. Various models were considered but shelved, culminating in the adoption of the European model with such familiar terms as abuse of dominant position. Despite the passing of two Acts to provide for the substantive law and establish a competition commission to enforce it, various issues remain open, including the objective the law is intended to serve and the construction to be afforded to the substantive provisions. Certain areas were left out of the law, including two sectors and merger control. In an economy where there are many concurrent directorships the law omits interlocking directorships. The scope of the law is also open to debate, with such issues as the interaction between the general and sectoral competition laws, the locus standi of final consumers vis-a-vis the enterprises that infringe the law. Issues aside, the newly established commission is also faced with challenges, including its financial and policy independence, and its ability to attract subject matter experts and deal with complex legal and economic analysis. Most important of all, the commission would have to build its own competition jurisprudence with a Malaysian flair.

(A80) Second Thoughts about the Health System and Dilemmas in Wide Disasters, Using Haiti as a Case Study

In the Indonesian earthquake a total 21 USAR teams comprising upward of 688 rescue personnel and 67 dogs. The cost of which was estimated at tens of millions of dollars did not succeed in extricating any trappers. In Haiti, there were around 350000 casualties and 250000 dead. In this disaster 43 international USAR missions comprising over 1700 rescuers were deployed. These teams succeeded in rescuing approximately 134 trapped people, an average of about 3 trapped people per mission. During this period one field hospital treated a total of 1,111 people, 737 of these patients were hospitalized, 243 surgical procedures were carried out, of which at least 200 were life-saving procedures. In addition many other life-saving procedures that were not directly related to the injuries inflicted as a result of the earthquake were also carried out. Without the resources of the field hospital it is very possible that most of the trappers would not have survived. It mean; One field hospital (personal: 120 people) was able to save more people than 43 USAR teams, all of the highly dedicated and professional, who worked day and night to extricate people trapped.ngs. It seems that there is no need to carry out a complex economic analysis in order to determine the cost benefits and understand the significance of providing field hospitals and clinics as soon as possible after the occurrence of a disaster stemming from an earthquake. A consensus/brainstorming conference is needed.The aimTo formulate a logical and balanced approach to configuring and dispatching rescue and medical missions. The major goal of the conference would be to establish the guidelines for rescue missions that will result in the rescue of the maximum number of people, and to provide guidelines for the provision humanitarian aid in parallel to the rescue missions.

The economic aspects of innovation in sheep breeding

During my investigations, I highlighted three innovations, all of which serve the production of a final product, sheep kefir. This product contains a unique added value and involves several innovational opportunities. I examined the complex economic analysis of the innovations and technological elements investigated with respect to revenues from the sale of sheep milk, sheep cheese (kashkaval) and sheep kefir. The kashkaval-type sheep cheese does not contain sufficient added value to cover the costs of innovational investments. Investigating the innovational activity for developing sheep kefir and for its market introduction, its cash flow balance becomes positive already in the second year after realization, and is able to generate significant profit.

Cost and profit analysis of sour cherry production for industrial purposes in Hungary

Our main objective in this present study is to evaluate the profitability and efficiency of sour cherry production by a complex economic analysis of its technological process. We concluded that the per kilogram prime costs range between 80 to 90 HUF/kg in case of sour cherry for industrial purposes. On this basis, it is clear that the 50 to 90 HUF/kg regular selling prices of previous years do not make profitable production possible. Under the present market conditions even considering per hectare average yields of 10 to 15 tons the establishment of sour cherry orchards is not economical, the internal rate of return is below the interests of money-market and the recovery will not be happened even during the whole life-time of the orchard. In this way the domestic enterprises should not only raise the yields but realize technological changes (e.g. mechanic harvesting) in order to decrease the production costs in a significant way and to maintain a profitable sour cherry production. It is expected that the enterprise farming on great land (several ten hectares), being settled for mechanic harvesting (subordinating everything to this), reaching yields of 15 to 20 tons per hectare, producing on high technological and input levels, having specialized knowledge will stay on the sour cherry market far in the future.

When Complex Facts Threaten Court Reviews: Litigation over Navigation Projects

The capacity of the U.S. courts to provide effective review of cases involving complex scientific and economic analysis is declining. Rational action in such cases requires three things: a general rule by which to judge the appropriateness of actual or proposed actions; a set of facts sufficient for determining the consistency of the action with the general rule; and an independent review institution with power to enforce actions under the rule. Where the issues are complex, however, government agencies increasingly have tended to cloak their decisions in needlessly technical formulations and to buttress their presentations in masses of impenetrable data. Courts tend to avoid involvement in the complexities, resting instead on a presumption that government reports are accurate and government actions appropriate; this is a tendency we label “judicial math block.” Two cases taken from the complex area of public navigation investment illustrate the problem.

A complex economic analysis for comparing hydroelectric and thermal-electric power plants

A complex economic analysis for comparing hydroelectric and thermal-electric power plants