ISSN / EISSN : 24139610 / 26632365
Current Publisher: LLC CPC Business Perspectives (10.21511)
Total articles ≅ 26
Latest articles in this journal
Development Management, Volume 17, pp 19-30; doi:10.21511/dm.17(4).2019.02
Abstract:Methods of calculating the approximate price of options using instruments of spectral analysis, singular and regular wave theory in the context of influence of fast and slow acting factors are developed. By combining methods from the spectral theory of singular and regular disturbances, one can approximate the price of derivative financial instruments as a schedule of its own functions. The article uses the theory of spectral analysis and the singular and regular theory of perturbations, which are applied to the short-term interest rates described by the Vasicek model with multidimensional stochastic volatility. The approximate price of derivatives and their profitability are calculated. Applying the Sturm-Liouville theory, the Fredholm alternative, and the analysis of singular and regular disturbances in different time scales, explicit formulas were obtained for the approximation of bond prices and yields based on the development of their own functions and eigenvalues of self-adjoint operators using boundary value problems for singular and regular perturbations. The theorem for estimating the accuracy of derivatives price approximation is established. Such a technique, in contrast to existing ones, makes it possible to study the stock market dynamics and to monitor the financial flows in the market. This greatly facilitates the statistical evaluation of their parameters in the process of monitoring the derivatives pricing and the study of volatility behavior for the profitability analysis and taking strategic management decisions on the stock market transactions.
Development Management, Volume 17, pp 1-18; doi:10.21511/dm.17(4).2019.01
Abstract:The problem of determining the value of statistical life in Ukraine in order to find ways to improve it is an urgent one now. The current level of value is analyzed, which is a direct consequence of the poor quality of life of a citizen, hence his low level. The description of the basic theoretical and methodological approaches to the estimation of the cost of human life is given. Based on the analysis, a number of hypotheses have been advanced about the use of statistical calculations to achieve the modeling objectives. Model calculations are based on the example of Zaporozhye Oblast statistics for 2018–2019. The article elaborates the approach to the estimation of the economic equivalent of the cost of living on the basis of demographic indicators and average per capita income, and also analyzes the possibilities of their application in the realities of the national economy. Using Statistica, the regression equation parameters were determined for statistical data of population distribution of Zaporizhzhia region by age groups for 2018. The calculation parameters were also found using the Excel office application, using the Solution Finder option to justify the quantitative range of metric values. It is proved that the proposed approach to modeling and calculations are simpler and more efficient than the calculation methods proposed earlier. The study concluded that the value of statistical life in Ukraine is significantly undervalued.
Development Management; doi:10.21511/dm
Development Management, Volume 17, pp 68-74; doi:10.21511/dm.17(3).2019.06
Abstract:The activization of innovative labor of the employed population is an important prerequisite for socio- economic development in Ukraine. In the context of high IT penetration and intellectualization of Ukraine’s economy, this innovative type of employment will contribute not only to the realization of the population creative and intellectual potential, but also to the improvement of human capital quality. Therefore, the purpose of this article is to develop a methodical approach to determine the degree of activization of the employed population innovative labor. With this aim in mind, a set of methods was used in the research, such as analysis and synthesis, logical generalization and comparison, taxonomic analysis and formalization. The peculiarity of the developed methodical approach is the ability: to evaluate the initial indicators in a certain time period; to group them into partial indicators reflecting the status and features of innovative work of the employed population at the regional level; to analyze the level of partial indicators with the determination of average values in time and regional aspects; to determine the level of the integral indicator. This will allow, on the one hand, making more structured analysis, and on the other, conducting comprehensive analysis of causes of dynamics for both innovative labor and its components.
Development Management, Volume 17, pp 54-67; doi:10.21511/dm.17(3).2019.05
Abstract:Problems of influence of informatization and globalization processes on all the components of human economic activity and, accordingly, on a fundamental and rapid change in the requirements for educational and qualification characteristics of the specialists involved in the production of goods and services in general, and the mechanisms and instruments of providing educational services themselves, in particular, are quite rightly the focus of the researchers. Such a structural change of the national economy necessitated a substantial correction of the Ukrainian higher education system. Аs a result of the study, the influence of socio-cultural factors on the organization of institutional support of the Ukrainian educational space is revealed. The specific features of the institutional structure of the higher education system of Ukraine are highlighted and discussed. Based on a comparative approach, the article presents an analysis of the institutional blocks of the higher education system. The content of transformations in the mechanisms of structural and functional complementarity of institutional elements of the higher education system of Ukraine is revealed, namely the maintenance of structural complementarity of elements of the institutional system in the sphere of industrial relations is revealed, the peculiarities of the institutional block of financing are analyzed, the specifics of the institutional block of corporate governance is determined, the content of the institutional block of production models is revealed, the peculiarities of the training of the teaching staff of the higher education institution within the institutional block “training, preparation, and advanced training” are determined. The understanding of the transformation in the process of economic globalization of the role and importance of higher education systems as a key tool for ensuring the entry of the national economy into the nucleus, proto-periphery or periphery (orientation to knowledge transfer) of the capitalist world-system was improved.
Development Management, Volume 17, pp 35-53; doi:10.21511/dm.17(3).2019.04
Abstract:The correlation of horizontal skills and vocational specializations is a major challenge for regional employment policies and national economies. This is because this specific type of correlation is capable of shaping the vocational training model as well as the educational system at a higher level (universities) based on the business sector dynamics. The purpose of the article is to explore the correlation of horizontal skills and job specializations based on the business sector dynamics in Attica region, Greece. To achieve that, both quantitative and qualitative approaches were used. In terms of the quantitative research, a field research was conducted to collect primary data on a sample of companies the needs for horizontal skills and one-digit (ISCO-Codes) specializations are explored and recorded. Emphasis was placed on the recording of vacancies as well as jobs that are difficult to be filled-in in the Attica region; their quantitative and qualitative characteristics were also analyzed. The results of the quantitative analysis are confirmed by the qualitative research findings, following the logic of the triangulation research methodology. Triangulation was originally proposed in social sciences to increase the credibility and validity of research findings. In other words, it is the use of more than one research techniques in the study of the same research field, each used to verify the results of the other. The methodology used in this research is innovative due to the use of geographic information systems (GIS).
Development Management, Volume 17, pp 23-34; doi:10.21511/dm.17(3).2019.03
Development Management, Volume 17, pp 10-22; doi:10.21511/dm.17(3).2019.02
Abstract:In the absence of uniform and unified requirements for the assessment of industrial risks at an enterprise, the system approach remains the only tool for a comprehensive assessment of the workplace safety. Implementation of Occupational Safety and Health (OSH) system involves identifying, analyzing and reducing risks at the workplace. The purpose of the article is to calculate the minimum expenses for occupational safety measures and minimize production risks identified through the developed procedure for analyzing the hazards of the machine-building enterprise. The research methodology is based on the integrated use of qualitative and quantitative approaches to risk assessment, namely, structured assessment and integral assessment using the “rucksack problem” optimization model. The study identifies the risks that are most common and the most serious ones. The procedure of risk reduction is proposed, which is to determine the minimum costs for achieving each of the integral assessments for the machine-building enterprise. The practical value of work consists in the ability to directly apply the developed methodology for risk assessment at the enterprises of the machine-building industry, and to easily adapt the risk assessment procedure to other conditions.
Development Management, Volume 17, pp 1-9; doi:10.21511/dm.17(3).2019.01
Abstract:Profit is the main purpose and the key result of any enterprise operation. Profit management involves two stages, namely, generation and distribution. Profit generation is the main stage in the overall process of profit management and not only the basis for its distribution, but also a source of the production assets renewal and the new self-financing of the further development of the enterprise. Based on the analysis of approaches to the essence and classification of company profits, an advanced complex classification is proposed. In order to improve the profit generation management of a motor transport enterprise and to identify the main factors affecting its profits, an analysis of technical and economic indicators, analysis of profitability indicators and SWOT analysis were carried out. Given the results obtained, a questionnaire was created and a survey was carried out among managers and specialists of the enterprise, which allowed to identify the factors that have the greatest impact on the activity of the motor transport enterprise. The factors are classified into external and internal. Also, a factor analysis of the company’s profit was carried out, which made it possible to determine key indicators that require priority attention in managing the profit generation at a motor transport enterprise. It was concluded that the most important external factors include the Ministry of Infrastructure’s activities aiming at adapting the world tendencies to the Ukrainian automotive industry. The internal factors in controlling the profit generation of the enterprises are in paying greatest attention to the volume of services rendered, their cost and the size of transportation tariffs.
Development Management, Volume 17, pp 49-57; doi:10.21511/dm.17(2).2019.06
Abstract:Inflation is a complex economic phenomenon in terms of form, development and consequences. Inflation undermines the possibilities of the economic regulation mechanism, nullifies the efforts to carry out structural changes and restore destroyed proportions. The aim of the article is to construct a regression model of the factors influencing the inflation processes in Ukraine and determine the multiplier effect of each factor on the resulting indicator. The object of the research is the inflation processes in Ukraine in 2014-2018. Mathematical modelling methods have been used in the base of the analysis. A correlation-regression analysis of inflation factors in Ukraine was conducted in the article. As a result of research, the presence of inflation of propositions (charges) in Ukraine is well-proven, that was conditioned in a greater degree by the increase of cost of commodities and services of natural monopolies, devaluation of national currency and increase in average salary. The value of inflation multipliers of these parameters and their functional influence on the cost-of-living-index have been determined. The dependence of the increase of the average salary is set on the change of the level of the minimum one has been determined. The most optimal directions of stimulant fiscal and monetary politics for the increase of the efficiency of government regulation of inflationary processes in Ukraine have been offered.