Abstract: The paper provides a comprehensive analysis of the
sustainable development in the Belgrade Metropolitan Region - BMA
(level NUTS 2) preliminary evaluating the three chosen components:
1) economic growth and developmental changes; 2) competitiveness;
and 3) territorial concentration and industrial specialization. First, we
identified the main results of development changes and economic
growth by applying Shift-share analysis on the metropolitan level.
Second, the empirical evaluation of competitiveness in the BMA is
based on the analysis of absolute and relative values of eight
indicators by Spider method. Paper shows that the consideration of
the national share, industrial mix and metropolitan/regional share in
total Shift share of the BMA, as well as economic/functional
specialization of the BMA indicate very strong process of
deindustrialization. Allocative component of the BMA economic
growth has positive value, reflecting the above-average sector
productivity compared to the national average. Third, the important
positive role of metropolitan/regional component in decomposition of
the BMA economic growth is highlighted as one of the key results.
Finally, comparative analysis of the industrial territorial
concentration in the BMA in relation to Serbia is based on location
quotient (LQ) or Balassa index as a valid measure. The results
indicate absolute and relative differences in decrease of industry
territorial concentration as well as inefficiency of utilizing territorial
capital in the BMA. Results are important for the increase of regional
competitiveness and territorial distribution in this area as well as for
improvement of sustainable metropolitan and sector policies,
planning and governance on this level.
Abstract: Based on Business and Consumer Survey (BCS) data,
the European Commission (EC) regularly publishes the monthly
Economic Sentiment Indicator (ESI) for each EU member state. ESI
is conceptualized as a leading indicator, aimed ad tracking the overall
economic activity. In calculating ESI, the EC employs arbitrarily
chosen weights on 15 BCS response balances. This paper raises the
predictive quality of ESI by applying nonlinear programming to find
such weights that maximize the correlation coefficient of ESI and
year-on-year GDP growth. The obtained results show that the highest
weights are assigned to the response balances of industrial sector
questions, followed by questions from the retail trade sector. This
comes as no surprise since the existing literature shows that the
industrial production is a plausible proxy for the overall Croatian
economic activity and since Croatian GDP is largely influenced by
the aggregate personal consumption.
Abstract: Waste Load Allocation (WLA) strategies usually
intend to find economic policies for water resource management.
Water quality trading (WQT) is an approach that uses discharge
permit market to reduce total environmental protection costs. This
primarily requires assigning discharge limits known as total
maximum daily loads (TMDLs). These are determined by monitoring
organizations with respect to the receiving water quality and
remediation capabilities. The purpose of this study is to compare two
approaches of TMDL assignment for WQT policy in small catchment
area of Haraz River, in north of Iran. At first, TMDLs are assigned
uniformly for the whole point sources to keep the concentrations of
BOD and dissolved oxygen (DO) at the standard level at checkpoint
(terminus point). This was simply simulated and controlled by
Qual2kw software. In the second scenario, TMDLs are assigned
using multi objective particle swarm optimization (MOPSO) method
in which the environmental violation at river basin and total treatment
costs are minimized simultaneously. In both scenarios, the equity
index and the WLA based on trading discharge permits (TDP) are
calculated. The comparative results showed that using economically
optimized TMDLs (2nd scenario) has slightly more cost savings rather
than uniform TMDL approach (1st scenario). The former annually
costs about 1 M$ while the latter is 1.15 M$. WQT can decrease
these annual costs to 0.9 and 1.1 M$, respectively. In other word,
these approaches may save 35 and 45% economically in comparison
with command and control policy. It means that using multi objective
decision support systems (DSS) may find more economical WLA,
however its outcome is not necessarily significant in comparison with
uniform TMDLs. This may be due to the similar impact factors of
dischargers in small catchments. Conversely, using uniform TMDLs
for WQT brings more equity that makes stakeholders not feel that
much envious of difference between TMDL and WQT allocation. In
addition, for this case, determination of TMDLs uniformly would be
much easier for monitoring. Consequently, uniform TMDL for TDP
market is recommended as a sustainable approach. However,
economical TMDLs can be used for larger watersheds.
Abstract: Most of the oil palm plantations have been threatened
by Basal Stem Rot (BSR) disease which causes serious economic
impact. This study was conducted to identify the healthy and BSRinfected
oil palm tree using thirteen color indices. Multispectral and
thermal camera was used to capture 216 images of the leaves taken
from frond number 1, 9 and 17. Indices of normalized difference
vegetation index (NDVI), red (R), green (G), blue (B), near infrared
(NIR), green – blue (GB), green/blue (G/B), green – red (GR),
green/red (G/R), hue (H), saturation (S), intensity (I) and thermal
index (T) were used. From this study, it can be concluded that G
index taken from frond number 9 is the best index to differentiate
between the healthy and BSR-infected oil palm trees. It not only gave
high value of correlation coefficient (R=-0.962), but also high value
of separation between healthy and BSR-infected oil palm tree.
Furthermore, power and S model developed using G index gave the
highest R2 value which is 0.985.
Abstract: Remote arid areas of the vast expanses of the African
deserts hold huge subterranean reserves of brackish water resources
waiting for economic development. This work presents design
guidelines as well as initial performance data of new autonomous
solar desalination equipment which could help local communities
produce their own fresh water using solar energy only and, why not,
contribute to transforming desert lands into lush gardens. The output
of solar distillation equipments are typically low and in the range of 3
l/m2/day on the average. This new design with an integrated, water
based, environmentally-friendly solar heat storage system produced 5
l/m2/day in early spring weather. Equipment output during summer
exceeded 9 liters per m2 per day.
Abstract: The use of hydroelectric pump-storage system at large
scale, MW-size systems, is already widespread around the world.
Designed for large scale applications, pump-storage station can be
scaled-down for small, remote residential applications. Given the cost
and complexity associated with installing a substation further than
100 miles from the main transmission lines, a remote, independent
and self-sufficient system is by far the most feasible solution. This
article is aiming at the design of wind and solar power generating
system, by means of pumped-storage to replace the wind and /or solar
power systems with a battery bank energy storage. Wind and solar
pumped-storage power generating system can reduce the cost of
power generation system, according to the user's electricity load and
resource condition and also can ensure system reliability of power
supply. Wind and solar pumped-storage power generation system is
well suited for remote residential applications with intermittent wind
and/or solar energy. This type of power systems, installed in these
locations, could be a very good alternative, with economic benefits
and positive social effects. The advantage of pumped storage power
system, where wind power regulation is calculated, shows that a
significant smoothing of the produced power is obtained, resulting in
a power-on-demand system’s capability, concomitant to extra
economic benefits.
Abstract: UAV’s are small remote operated or automated aerial
surveillance systems without a human pilot aboard. UAV’s generally
finds its use in military and special operation application, a recent
growing trend in UAV’s finds its application in several civil and nonmilitary
works such as inspection of power or pipelines. The
objective of this paper is the augmentation of a UAV in order to
replace the existing expensive sonar (Sound Navigation And
Ranging) based equipment amongst small scale fisherman, for whom
access to sonar equipment are restricted due to limited economic
resources. The surveillance equipment’s present in the UAV will
relay data and GPS (Global Positioning System) location onto a
receiver on the fishing boat using RF signals, using which the
location of the schools of fishes can be found. In addition to this, an
emergency beacon system is present for rescue operations and drone
recovery.
Abstract: Socio-economic development, which is seen around
the world today, has contributed to the emergence of new problems
of a social nature. Different political, historical, geographical or
economic conditions cause that, in addition to global issues of social
policy such as an aging population, unemployment, migration,
countries, regions, there are also specific new problems that require
diagnosis, individualized approach and efficient, planned solutions.
These should include, among others, digital addiction, peer violence,
obesity among children, the problem of ‘legal highs’, stress,
depression, diseases associated with environmental pollution etc. The
central authorities, selected most often with the tools specific to
representative democracy, that is, the general election, for many
reasons, inter alia, organizational, communication, are not able to
effectively diagnose their intensity, territorial distribution, and thus to
effectively fight them. This article aims to show how in Poland,
citizens influence solving problems related to the broader social
policy implemented at the local government level and indicates the
possibilities of improving those solutions. The conclusions of
theoretical analysis have been supported by empirical studies, which
tested the use of instruments of participatory democracy in the
planning and creation of communal strategies for solving social
problems in one of the Polish voivodeships.
Abstract: Construction and reconstruction of settlements and
individual municipalities, environmental management and the
creation, deployment of the forces of production and building
transport and technical equipment requires a large expenditure of
material and human resources. That is why the economic aspects of
the majority decision in these planes built in the foreground and are
often decisive. Thereby but more serious is that the economic aspects
of the settlement, the creation and function remain in their whole,
unprocessed, and cannot speak of a set of individual techniques and
methods traditional indicators and experiments with new approaches.
This is true both at the level of the national economy, and in their
own urban designs. Still a few remain identified specific economic
shaping patterns of settlement and the less it is possible to speak of
their control. Also practical assessing economics of specific solutions
are often used non-apt indicators in addition to economics usually
identifies with the lowest acquisition cost or high-intensity land use
with little regard for functional efficiency and little studied much
higher operating and maintenance costs".
Abstract: In the years followed independence, an economic
crisis and some conflicts led to the displacement of many people
inside Georgia. The growing poverty, unemployment, low income
and its unequal distribution limited access to basic social service have
had a clear direct impact on Georgian population dynamics and its
age-sex structure. Factors influencing the changing population age
structure and urbanization include mortality, fertility, migration and
expansion of urban. In this paper presents the main factors of
changing the distribution by urban and rural areas. How different are
the urban and rural age and sex structures? Does Georgia have the
same age-sex structure among their urban and rural populations since
1950s?
Abstract: The main objective of this article is to examine the
impact of interest rates on investments in Poland in the context of
financial crisis. The paper also investigates the dependence of bank
loans to enterprises on interbank market rates. The article studies the
impact of interbank market rate on the level of investments in Poland.
Besides, this article focuses on the research of the correlation
between the level of corporate loans and the amount of investments
in Poland in order to determine the indirect impact of central bank
interest rates through the transmission mechanism of monetary policy
on the real economy. To achieve the objective we have used
econometric and statistical research methods like: econometric model
and Pearson correlation coefficient.
This analysis suggests that the central bank reference rate
inversely proportionally affects the level of investments in Poland
and this dependence is moderate. This is also important issue because
it is related to preparing of Poland to accession to euro area. The
research is important from both theoretical and empirical points of
view. The formulated conclusions and recommendations determine
the practical significance of the paper which may be used in the
decision making process of monetary and economic authorities of the
country.
Abstract: Experts, enterprises and operators expect that the
bandwidth request will increase up to rates of 100 to 1,000 Mbps
within several years. Therefore the most important question is which
technology shall satisfy the future consumer broadband demands.
Currently the consensus is, that the fiber technology has the best
technical characteristics to achieve such the high bandwidth rates.
But fiber technology is so far very cost-intensive and resource
consuming. To avoid these investments, operators are concentrating
to upgrade the existing copper and hybrid fiber coax infrastructures.
This work presents a comparison of the copper and fiber
technologies including an overview about the current German
broadband market. Both technologies are reviewed in the terms of
demand, willingness to pay and economic efficiency in connection
with the technical characteristics.
Abstract: Experimental economics is subject to criticism with
regards to frequently discussed the trade-off between internal and
external validity requirements, which seems to be critically flawed.
This paper evaluates incompatibility of trade-off condition and
condition of internal validity as a prerequisite for external validity. In
addition, it outlines the imprecise concept of artificiality, which is
found to be rather improving the external validity and seems to
strengthen the illusory status of external versus internal validity
tension. Internal validity is further analyzed with regards to Duhem-
Quine problem, where unpredictability argument is significantly
weakened trough application of inductivism within the illustrative
hypothetical-deductive model. Our discussion partially weakens
critical arguments related to the robustness of results in experimental
economics, if the perfectly controlled experimental environment is
secured.
Abstract: As technology-based service industries grow
drastically worldwide; companies are recognizing the importance of
market preoccupancy and have made an effort to capture a large
market to gain the upper hand. To this end, a focus on patents can be
used to determine the properties of a technology, as well as to capture
advantages in technical skills, in comparison with the firm’s
competitors. However, technology-based services largely depend not
only on their technological value but also their economic value, due
to the recognized worth that is passed to a plurality of users. Thus, it
is important to determine whether there are any competitors in the
target areas and what services they provide in any field. Despite this
importance, little effort has been made to systematically benchmark
competitors in order to identify business opportunities. Thus, this
study aims to not only identify each position of technology-centered
service companies in complex market dynamics, but also to discover
new business opportunities. For this, we try to consider both
technology and market environments simultaneously by utilizing
patent data as a representative proxy for technology and trademark
dates as an index for a firm’s target goods and services. Theoretically,
this is one of the earliest attempts to combine patent data and
trademark data to analyze corporate strategies. In practice, the
research results are expected to be used as a decision criterion to
diagnose the economic value that companies can obtain by entering
the market, as well as the technological value to be passed onto their
customers. Thus, the proposed approach can be useful to support
effective technology and business strategies in a firm.
Abstract: Past literature on business incubators distinguished incubators based on their mission statements. However, more and more mission statements become a slogan rather than a reality. It is therefore more appropriate to identify business incubators based on their real activities, rather than the missions they declared. With a sample of technology business incubators (TBIs) in China, we try to investigate business incubators’ real activities by examining the incubation efficiency along the following five dimensions, i.e., survival of new ventures, technology transfer, local economic growth, job creation, and profit generation. Furthermore, we identified six types of business incubators. The results indicate that generally Chinese TBIs have a greater preference for acquiring profits over other dimensions.
Abstract: Metal thin-walled members have been widely used in
building industry. Usually they are utilized as purlins, girts or ceiling
beams. Due to slenderness of thin-walled cross-sections these
structural members are prone to stability problems (e.g. flexural
buckling, lateral torsional buckling). If buckling is not
constructionally prevented their resistance is limited by buckling
strength. In practice planar members of roof or wall cladding can be
attached to thin-walled members. These elements reduce
displacement of thin-walled members and therefore increase their
buckling strength. If this effect is taken into static assessment more
economical sections of thin-walled members might be utilized and
certain savings of material might be achieved. This paper focuses on
problem of determination of critical load of steel thin-walled beams
with lateral continuous restraint which is crucial for lateral torsional
buckling assessment.
Abstract: This study examines the feasibility of indirect solar
desalination in oil producing countries in the Middle East and North
Africa (MENA) region. It relies on value engineering (VE) and costbenefit
with sensitivity analyses to identify optimal coupling
configurations of desalination and solar energy technologies. A
comparative return on investment was assessed as a function of water
costs for varied plant capacities (25,000 to 75,000 m3/day), project
lifetimes (15 to 25 years), and discount rates (5 to 15%) taking into
consideration water and energy subsidies, land cost as well as
environmental externalities in the form of carbon credit related to
greenhouse gas (GHG) emissions reduction. The results showed
reverse osmosis (RO) coupled with photovoltaic technologies (PVs)
as the most promising configuration, robust across different prices for
Brent oil, discount rates, as well as different project lifetimes.
Environmental externalities and subsidies analysis revealed that a
16% reduction in existing subsidy on water tariffs would ensure
economic viability. Additionally, while land costs affect investment
attractiveness, the viability of RO coupled with PV remains possible
for a land purchase cost
Abstract: A compound parabolic concentrator (CPC) is a wellknown
non-imaging concentrator that will concentrate the solar
radiation onto receiver (PV cell). One of disadvantage of CPC is has
tall and narrow height compared to its diameter entry aperture area.
Therefore, for economic reason, a truncation had been done by
removed from the top of the full height CPC. This also will lead to
the decreases of concentration ratio but it will be negligible. In this
paper, the flux distribution of untruncated and truncated 2-D hollow
compound parabolic trough concentrator (hCPTC) design is
presented. The untruncated design has initial height H=193.4mm
with concentration ratio C_(2-D)=4. This paper presents the optical
simulation of compound parabolic trough concentrator using raytracing
software TracePro. Results showed that, after the truncation,
the height of CPC reduced 45% from initial height with the
geometrical concentration ratio only decrease 10%. Thus, the cost of
reflector and material dielectric usage can be saved especially at
manufacturing site.
Abstract: The Economic Lot Scheduling Problem (ELSP) is a
valuable mathematical model that can support decision-makers to
make scheduling decisions. The basic period approach is effective for
solving the ELSP. The assumption for applying the basic period
approach is that a product must use its maximum production rate to be
produced. However, a product can lower its production rate to reduce
the average total cost when a facility has extra idle time. The past
researches discussed how a product adjusts its production rate under
the common cycle approach. To the best of our knowledge, no studies
have addressed how a product lowers its production rate under the
basic period approach. This research is the first paper to discuss this
topic. The research develops a simple fixed rate approach that adjusts
the production rate of a product under the basic period approach to
solve the ELSP. Our numerical example shows our approach can find a
better solution than the traditional basic period approach. Our
mathematical model that applies the fixed rate approach under the
basic period approach can serve as a reference for other related
researches.
Abstract: The objective of this paper is to present the process of
change in management accounting in Romania, a former communist
country from Eastern Europe. In order to explain this process, we used
the contingency and institutional theories. We focused on the
following directions: the presentation of the scientific context and
motivation of this research and the case study. We presented the state
of the art in the process of change in the management accounting from
the international and national perspective. We also described the
evolution of management accounting in Romania in the context of
economic and political changes. An important moment was the fall of
communism in 1989. This represents a starting point for a new
economic environment and for new management accounting.
Accordingly, we developed a case study which presented this
evolution. The conclusion of our research was that the changes in the
management accounting system of the company analysed occurred in
the same time with the institutionalisation of some elements (e.g.
degree of competition, training and competencies in management
accounting). The management accounting system was modelled by the
contingencies specific to this company (e.g. environment, industry,
strategy).