Abstract: For many enterprises, the delocalization of a part or the totality of their supply chain to low cost countries is the best way to reduce costs and remain competitive against the growing globalized market. This new tendency is driven by logistics advantages, as well as, financial and tax discount offered by the host countries. The objective of this article is to examine the new financial challenges introduced by the project of base erosion and profits shifting (BEPS), published in 2015, and also their impact on the decision of delocalization. In fact, the strategy adopted by multinational firms for determining the transfer price (TP) of goods and services, as well as the shared amount of revenues and expenses have a major impact upon group profit and may contribute to divergent results. In order to get more profit, a coherent decision of delocalization should be based on an evaluation of all the operational and financial characteristics associated with such movement. Therefore, it is interesting to model these new constraints and integrate them in a more global decision model. The established model will enable to measure how much these financial constraints impact the decision of delocalization and will give new helpful directives for enterprise managers.
Abstract: The purpose of this study is comparing and analysing
of the financial characteristics for development methods of the urban development project in the established area, focusing on the
multi-level replotting.
Analysis showed that the type of the lowest expenditure was
'combination type of group-land and multi-level replotting' and the type of the highest profitability was 'multi-level replotting type'. But
'multi-level replotting type' has still risk of amount of cost for the additional architecture. In addition, we subdivided standard amount
for liquidation of replotting and analysed income-expenditure flow.
Analysis showed that both of 'multi-level replotting type' and 'combination type of group-land and multi-level replotting' improved
profitability of project and property change ratio. However, when the
standard was under a certain amount, amount of original property for the replotting was increased exponentially, and profitability of project.
Abstract: Multi-energy systems will enhance the system
reliability and power quality. This paper presents an integrated
approach for the design and operation of distributed energy resources
(DER) systems, based on energy hub modeling. A multi-objective
optimization model is developed by considering an integrated view of
electricity and natural gas network to analyze the optimal design and
operating condition of DER systems, by considering two conflicting
objectives, namely, minimization of total cost and the minimization
of environmental impact which is assessed in terms of CO2
emissions. The mathematical model considers energy demands of the
site, local climate data, and utility tariff structure, as well as technical
and financial characteristics of the candidate DER technologies. To
provide energy demands, energy systems including photovoltaic, and
co-generation systems, boiler, central power grid are considered. As
an illustrative example, a hotel in Iran demonstrates potential
applications of the proposed method. The results prove that
increasing the satisfaction degree of environmental objective leads to
increased total cost.