An enterprise for successful competition on the market needs to carry out detailed
monitoring of the company's activities in strategic focus, increase the efficiency and
effectiveness of management decisions, control the most important financial and nonfinancial
performance indicators (KPIs) that are targeted for the company, and whose
degree of achievement determines the movement of the enterprise according to a given
strategy. . The values of KPI reflect both the business performance in general and the
business processes that are considered separately, structural units and human
resources. The article proposed matrix method of optimizing the portfolio of products
to determine the main KPI. Also, on illustrative practical examples authors suggest
Strategic map (fragment) and KPIs matrices of the key employees of a company.
Manufacturing Companies today are constantly in search for ways to achieve
better business performance and sustain competitive advantages through effective
deployment of resources and business processes. To improve business performance,
Manufacturing Companies require an efficient planning and control system that
synchronizes planning of all processes across the industry. Enterprise Resource
Planning (ERP) provides a centralized framework for all data and processes of an
industry. It integrates all aspects of a business from planning to inventory control,
manufacturing, sales, marketing, finance, customer service and human resources.
Manufacturing Companies undertake ERP implementations to achieve tangible
benefits including a significant return on investment. Accordingly the most common
benefit of Manufacturing Company is for an increase in response time due to better
availability of information. Another common benefit is increase in interaction across
the company, integration of business operations/processes, improved interaction with
customers, reduced direct operating and labour costs, reduced IT maintenance costs,
improved lead-time, improved inventory levels and improved interaction with
suppliers. A study was undertaken to assess impact of ERP as a Change Management
Tool in Manufacturing Companies. This article presents the key findings, conclusions
and suggestions.
The document is a mid-term exam presented by Ogbuokiri Emmanuel Chidiebube to the College of Production and Operations Management. It contains questions and answers about production management concepts.
The first question asks about the production concept and how it relates to production management in practice. The response discusses the importance of production and defines product from different perspectives including the consumer, production manager, financial manager, and personnel manager.
The second question asks about the role and responsibilities of a production manager in a typical manufacturing firm. The response outlines responsibilities related to cost, quality, volume, liaising with different departments, and having proper authority.
The third question asks how departments in a company relate to each
Management Control in Contemporary Organization: Opportunities, Challenges an...Dr. Amarjeet Singh
This paper deals with management control as an
important instrument for managing performances in modern
organizations. The paper indicates to the circumstances in
which classical theory of management control was created,
and describes its process of functioning, with the specifics in
large organizations. The aim is to point to some open questions
and directions of further development of the management
control, as well as to at least partially fill the gap that exists in
the domestic literature. The conclusion is that the existing
management control framework remains still valid. Open
questions can be best resolved within the concept that observes
this matter as a "package" of different control systems, not
just those that are oriented to accounting-based performance
measures.
The document provides information on understanding micro and macro economic environments and their impact on business organizations. It discusses key topics like business objectives, market structures, determinants of national income, government policies, and how the macro environment impacts businesses. Case studies on olive oil production are used to explain concepts. Microeconomic factors like supply, demand, and price elasticity are important for new businesses, marketing, management, and finance. Market structures like perfect competition, oligopoly, and monopoly influence businesses differently. The macro environment incorporates population trends, economic conditions, and other national and global trends that businesses must consider.
Manufacturing is a key infrastructure element needed for smooth operations of any
countries economy. Indian manufacturing sector is currently in the development stage
that changes quickly and change the way they operate in the past. Enterprise Resource
Planning provides one of the most significant factors or contributing factors to the
integrated environment utility. The success of ERP implementation depends on some key
convention factors, often referred to as CSF (Critical Success Factors). Some of these
factors do not matter what the business area or domain is, it is common, but some of this
factors are definitely the industry related specific factor in nature. The current research
study is based on the search for such kind of industries, namely (manufacturing industry
and distribution operations) specifically for the accomplishment of ERP implementation.
This document discusses the author's dissertation topic on creating competitive advantage for Thailand's independent hotel businesses.
It includes definitions and examples of key variables like firm performance, competitive advantage, competitive environment, and internal resources. Metrics for measuring these variables are also presented, such as financial measures like sales growth and non-financial measures like customer satisfaction.
Survey results are shown relating competitive advantage to firm performance, with a beta of 0.48 indicating a 48% relationship. Metrics for assessing competitive advantage include cost effectiveness and product differentiation strategies around efficiency, costs, and new product development.
This document discusses using the SWOT and AHP (Analytic Hierarchy Process) methods to evaluate key factors in managing Indonesian restaurants in Kaohsiung, Taiwan. Researchers interviewed 25 respondents and analyzed data using SWOT and AHP. The AHP analysis found that partners had the highest priority, followed by internal influences and value proposition. The SWOT analysis identified financial planning as the main strength and employee performance as the main weakness. It also found lifestyle and value-added dining experiences as main opportunities. The analysis aims to determine the most important internal and external factors for managing Indonesian restaurants successfully.
Manufacturing Companies today are constantly in search for ways to achieve
better business performance and sustain competitive advantages through effective
deployment of resources and business processes. To improve business performance,
Manufacturing Companies require an efficient planning and control system that
synchronizes planning of all processes across the industry. Enterprise Resource
Planning (ERP) provides a centralized framework for all data and processes of an
industry. It integrates all aspects of a business from planning to inventory control,
manufacturing, sales, marketing, finance, customer service and human resources.
Manufacturing Companies undertake ERP implementations to achieve tangible
benefits including a significant return on investment. Accordingly the most common
benefit of Manufacturing Company is for an increase in response time due to better
availability of information. Another common benefit is increase in interaction across
the company, integration of business operations/processes, improved interaction with
customers, reduced direct operating and labour costs, reduced IT maintenance costs,
improved lead-time, improved inventory levels and improved interaction with
suppliers. A study was undertaken to assess impact of ERP as a Change Management
Tool in Manufacturing Companies. This article presents the key findings, conclusions
and suggestions.
The document is a mid-term exam presented by Ogbuokiri Emmanuel Chidiebube to the College of Production and Operations Management. It contains questions and answers about production management concepts.
The first question asks about the production concept and how it relates to production management in practice. The response discusses the importance of production and defines product from different perspectives including the consumer, production manager, financial manager, and personnel manager.
The second question asks about the role and responsibilities of a production manager in a typical manufacturing firm. The response outlines responsibilities related to cost, quality, volume, liaising with different departments, and having proper authority.
The third question asks how departments in a company relate to each
Management Control in Contemporary Organization: Opportunities, Challenges an...Dr. Amarjeet Singh
This paper deals with management control as an
important instrument for managing performances in modern
organizations. The paper indicates to the circumstances in
which classical theory of management control was created,
and describes its process of functioning, with the specifics in
large organizations. The aim is to point to some open questions
and directions of further development of the management
control, as well as to at least partially fill the gap that exists in
the domestic literature. The conclusion is that the existing
management control framework remains still valid. Open
questions can be best resolved within the concept that observes
this matter as a "package" of different control systems, not
just those that are oriented to accounting-based performance
measures.
The document provides information on understanding micro and macro economic environments and their impact on business organizations. It discusses key topics like business objectives, market structures, determinants of national income, government policies, and how the macro environment impacts businesses. Case studies on olive oil production are used to explain concepts. Microeconomic factors like supply, demand, and price elasticity are important for new businesses, marketing, management, and finance. Market structures like perfect competition, oligopoly, and monopoly influence businesses differently. The macro environment incorporates population trends, economic conditions, and other national and global trends that businesses must consider.
Manufacturing is a key infrastructure element needed for smooth operations of any
countries economy. Indian manufacturing sector is currently in the development stage
that changes quickly and change the way they operate in the past. Enterprise Resource
Planning provides one of the most significant factors or contributing factors to the
integrated environment utility. The success of ERP implementation depends on some key
convention factors, often referred to as CSF (Critical Success Factors). Some of these
factors do not matter what the business area or domain is, it is common, but some of this
factors are definitely the industry related specific factor in nature. The current research
study is based on the search for such kind of industries, namely (manufacturing industry
and distribution operations) specifically for the accomplishment of ERP implementation.
This document discusses the author's dissertation topic on creating competitive advantage for Thailand's independent hotel businesses.
It includes definitions and examples of key variables like firm performance, competitive advantage, competitive environment, and internal resources. Metrics for measuring these variables are also presented, such as financial measures like sales growth and non-financial measures like customer satisfaction.
Survey results are shown relating competitive advantage to firm performance, with a beta of 0.48 indicating a 48% relationship. Metrics for assessing competitive advantage include cost effectiveness and product differentiation strategies around efficiency, costs, and new product development.
This document discusses using the SWOT and AHP (Analytic Hierarchy Process) methods to evaluate key factors in managing Indonesian restaurants in Kaohsiung, Taiwan. Researchers interviewed 25 respondents and analyzed data using SWOT and AHP. The AHP analysis found that partners had the highest priority, followed by internal influences and value proposition. The SWOT analysis identified financial planning as the main strength and employee performance as the main weakness. It also found lifestyle and value-added dining experiences as main opportunities. The analysis aims to determine the most important internal and external factors for managing Indonesian restaurants successfully.
THE KEY TO LEAN PERF ORMANCE: IMPLEMENTING A DAIL Y SHOP - FLOOR CONTROL SY...IAEME Publication
Proposed this paper is a standardized shop floor control (SFC) model which has been developed to control and enhance processes improvement in both Small and Medium Enterprises (SMEs) and multinationals based in
Morocco.The key contribution of this paper is a framework, “Lean Shop Floor Control System” (LSFCS), which responds efficiently to many common Lean Manufacturing (LM), Lean Leadership and SFC requirements by regrouping four main dimensions that are standardization, visual management, daily audits, and kaizen.
Companies’ perception toward manufacturing execution systems IJECEIAES
The use of information systems in manufacturing sector is very crucial to reach a high level of operational excellence and improve companies’ competitiveness. The use of such systems will definitely increase in the upcoming years, considering the digitalization strategies. Manufacturing execution systems gained a lot of attention in recent years due to showcased benefits in production management operations. Companies that adopted such systems witnessed an increase in process efficiency and enhancements with regards to cost savings and products quality. This paper seeks to analyze what makes the usage of manufacturing execution systems successful among manufacturing companies. We analyzed how the integration capabilities of such systems with other business applications and the company profile impact their usage and consequently the perceived benefits. A case study was conducted with 51 manufacturing companies and data were analyzed using partial least square structural equation modeling technique. The results confirmed the positive and significant impact of the company profile and solution integration capabilities on system usage. In addition, a ranking of solution modules importance for companies was also provided.
Asset Information and Analytics Drivers of Process Industry Operational Excel...Rolta
This document discusses how asset information management (AIM) is essential for operational excellence in process industries. It argues that poor AIM results in significant financial losses and increased safety and environmental risks for process industry companies. The document estimates that typical process industry organizations lose approximately 1.5% of annual sales revenue due to poor AIM. It advocates that organizations implement an AIM strategy to provide reliable asset information to all stakeholders, in order to improve asset performance, lower costs, and increase profits. The document also describes the types of asset information needed and the challenges of ensuring information quality and usability across engineering and operations teams.
IRJET- A Study on Quantification of Factors Affecting the Quality of Construc...IRJET Journal
This document discusses factors that affect the quality and performance of construction projects in India. It begins with an abstract that outlines the study's objective to identify and evaluate major factors through a literature review and questionnaire survey.
The introduction provides context on performance management in the construction industry and defines relevant terms. It also outlines the methodology, which involves identifying performance factors from literature, preparing and distributing questionnaires, and analyzing the results using statistical software.
The document then identifies and describes various factors grouped under time, cost, productivity, quality, client satisfaction, human, environmental, and health/safety. These provide the basis for a questionnaire to rank factors' influence. Finally, the document outlines plans to analyze questionnaire data using statistical analysis software to
Here are some potential responses students could provide:
1. Describe your role and responsibilities in the organization.
- I was an intern in the accounting department. My main responsibilities included assisting with monthly financial reporting, analyzing variances between budget and actual results, and preparing forecasts.
2. What types of managerial accounting information did you use in your role?
- I used budget reports, income statements, balance sheets, and cash flow statements to analyze financial performance and identify areas for improvement. I also looked at cost reports and analyzed overhead allocation.
3. How did the managerial accounting information help managers make decisions?
- The financial reports helped identify areas where costs were higher than expected so managers could take
Working capital management and profitability an empirical analysisIAEME Publication
This document summarizes a study examining the relationship between working capital management and profitability among Indian manufacturing firms. The study uses financial data from 1,198 manufacturing firms over a 5-year period. Correlation analysis found negative relationships between measures of working capital management (debtor's days, inventory days, creditor's days, cash conversion cycle) and firm profitability. Regression analysis will further examine these relationships to determine how adjusting elements of working capital management could impact profitability. The results aim to provide Indian manufacturers insights on variables that influence their profits.
- The document analyzes the effect of financial ratios (CAR, LDR, NIM, NPL, OEOI) on profitability (ROA) of BUKU IV commercial banks in Indonesia from 2015-2019.
- Regression analysis found that CAR and OEOI ratios had a significant negative effect on ROA, while NIM had a significant positive effect. LDR and NPL did not have a significant effect.
- Based on the results, BUKU IV banks need to increase NIM and maintain CAR and OEOI ability to generate higher profits. Further research comparing BUKU IV and III banks is needed.
1) The document discusses strategic productivity through marketable technology and how technology managers can increase productivity.
2) It explains that organizations can improve productivity by basing employee pay on technology performance rather than just time.
3) The article also examines how organizations can develop their knowledge, technology, and culture assets to motivate employees and improve performance.
Identification of Critical Issues and Solutions during ERP Software Developme...sushil Choudhary
The document discusses critical issues and solutions in the development life cycle of ERP software. It identifies several key phases in ERP software development: requirements analysis, design and documentation, implementation team training, and software testing. The document also outlines some critical factors to consider in each phase, such as ensuring user requirements are fully understood during requirements analysis and providing proper training for the implementation team. Effective management of each phase of the development life cycle is important for the successful development and implementation of ERP software.
This document describes a simulation model developed to calculate Overall Equipment Effectiveness (OEE) for a generic production line. The model takes input data from XML files generated by an optimization model that minimizes costs based on factors like work in progress inventory and machine idle time. Both crisp and fuzzy models are implemented to calculate availability, performance, quality, and overall OEE. The fuzzy model uses Mamdani inference with triangular membership functions. Simulation results in VB and Excel are presented and compared to world class standards. Goal seek and scenario manager tools are used to determine input parameter changes needed to meet standards. The model provides a way to evaluate a production line's efficiency and identify areas for improvement.
FUNDAMENTAL ANALYSIS WITH SPECIAL REFERENCE TO PHARMACEUTICAL COMPANIES LISTE...IAEME Publication
An investment analysis is essential for the benefit of risk reduction and maximizes the gain. The investment analysis on stock market has two main approaches namely technical analysis and fundamental analysis. This study is focused on fundamental analysis of pharmaceutical companies listed in National Stock Exchange (NSE), which include selected five companies for a period of five years from 2011 to 2015. The fundamental analysis consists of three parts such as economic analysis, industry analysis and company analysis. The economic analysis consists of economic indicators which influence the security market like GDP, inflation, interest rate, foreign reserves, export and agricultural production for the study period.
Double Performance Prism: innovation performance Measurement systems for manu...AM Publications
No performance measurement system currently takes into account the innovator dilemma which consists of the necessity of balancing between the exploratory and exploitative innovation activities. This balance remains a major challenge in innovation management. Although small and medium enterprises account for 95% of firms in developed countries, according to Web of Science database, only 1.5% of research papers on innovation and 0.5% of research papers on performance measurement focus on small and medium enterprises. Drawing on the Performance Prism of Andy Neely, this paper develops an innovation performance measurement system for manufacturing small and medium enterprises in order to achieve a balance of exploration and exploitation activities. This model, known as the Double Performance Prism, is based on stakeholder theory. It considers innovation as a solution to customers’ expressed and observed needs. It has been implemented in two manufacturing small and medium enterprises. As key results, an innovation success map and a 10-indicator Innovation Scoreboard emerged from the research and implementation. The aim of these results is to foster the development of an ambidextrous organization. Further quantitative studies will be necessary to validate the proposed innovation map.
Creating Performance Measures for Warehouses.pdfGirish Vs
The document discusses developing key performance indicators (KPIs) for warehouses. It states that warehouses account for 20% of logistics costs, so improving warehouse performance can significantly reduce costs. It also emphasizes that in order to manage performance, you must first measure it using metrics. The document then discusses best practices for developing useful KPIs, such as aligning them with business objectives, limiting their number, and ensuring they provide information to support decision-making and strategic goals. Developing the right KPIs can help managers evaluate how well operations match a company's overall strategy.
The document discusses implementing a balanced scorecard approach in the oil and gas industry in India. It explains that a balanced scorecard translates an organization's strategy into objectives and measures across four perspectives: learning and growth, customer, internal business processes, and financial. The researcher aims to analyze the effectiveness of implementing balanced scorecards in the Indian oil and gas sector. Some key findings are that balanced scorecards can be effective but difficulties exist in weighting perspectives and linking objectives. Overall, balanced scorecards appear to be a useful performance measurement technique for the industry when implemented properly.
The Role of Balanced Scorecard for Measuring Competitive Advantage of Contain...inventionjournals
This document discusses using the Balanced Scorecard (BSC) framework to measure the competitive advantage of container terminals. The BSC is a strategic planning and management system that incorporates both financial and non-financial metrics. It can help container terminal managers better understand strategic vision and employee contributions to strategic goals. The document outlines the key components of the BSC - financial, customer, internal business process, and learning & growth perspectives. It also discusses how the BSC has been applied to measure performance at Iranian container terminals, optimize terminal operations, and identify core competencies that provide sustainable competitive advantages.
Right Aligning Application InvestmentsITC Infotech
Application portfolio optimization is a structured approach to improve ROI from application investments. It involves defining goals, creating an application inventory, assessing the portfolio based on business and technical parameters, and optimizing through actions like retiring, replacing, re-engineering or retaining applications. This helps address issues like lack of business-IT alignment, redundant applications, and inefficient adaptation. APO benefits include strategic cost management, improved processes, governance and efficiency, and improved agility to address business needs.
Process engineering economics i industrial engineering managementLuis Cabrera
The document discusses process engineering economics and the balanced scorecard approach. It provides an example of a 3PL logistics company's balanced scorecard for fiscal year 2020. The scorecard outlines objectives, initiatives, metrics and critical success factors. It also identifies opportunities, threats and support needed from management. Key business metrics included turnover of 138 million and targets for new business from Volkswagen and a joint venture. EBITDA, a key financial metric, is also explained as earnings before interest, taxes, depreciation and amortization.
Benchmarking internal supply chain performance development of a frame workIAEME Publication
In this paper, a frame work is developed for benchmarking internal supply chain performance using financial data as an alternative to traditional approach of use of different models of supply chain performance evaluation. This frame work is demonstrated by using the publicly disclosed financial data compiled and distributed in the PROWESS databases maintained by the Center for Monitoring Indian Economy (CMIE).
Benchmarking internal supply chain performance development of a frame workIAEME Publication
This document presents a framework for benchmarking internal supply chain performance using publicly available financial data. The framework calculates three metrics: total length of supply chain, efficiency of supply chain management, and supply chain working capital productivity. It applies the framework to analyze three fast moving consumer goods companies over four years. The analysis finds that Company C consistently had the best performance on the metrics, with shorter supply chain length, higher efficiency, and higher productivity. The framework provides a way for companies to evaluate their internal supply chain performance and identify areas for improvement by comparing metrics over time and to other companies.
Business Performance Management Assessment ToolsRachel Phillips
This document discusses business performance management assessment tools. It begins by defining business performance management as a set of management and analytic processes that enable an organization to achieve strategic goals by improving employee and team performance. It notes that business performance management has three main activities: setting goals, measuring performance against those goals, and making interventions to improve future performance. The document also discusses how performance management builds on business intelligence and key performance indicators linked to strategy. It provides definitions of business performance management and its scope, as well as common methodologies.
THE KEY TO LEAN PERF ORMANCE: IMPLEMENTING A DAIL Y SHOP - FLOOR CONTROL SY...IAEME Publication
Proposed this paper is a standardized shop floor control (SFC) model which has been developed to control and enhance processes improvement in both Small and Medium Enterprises (SMEs) and multinationals based in
Morocco.The key contribution of this paper is a framework, “Lean Shop Floor Control System” (LSFCS), which responds efficiently to many common Lean Manufacturing (LM), Lean Leadership and SFC requirements by regrouping four main dimensions that are standardization, visual management, daily audits, and kaizen.
Companies’ perception toward manufacturing execution systems IJECEIAES
The use of information systems in manufacturing sector is very crucial to reach a high level of operational excellence and improve companies’ competitiveness. The use of such systems will definitely increase in the upcoming years, considering the digitalization strategies. Manufacturing execution systems gained a lot of attention in recent years due to showcased benefits in production management operations. Companies that adopted such systems witnessed an increase in process efficiency and enhancements with regards to cost savings and products quality. This paper seeks to analyze what makes the usage of manufacturing execution systems successful among manufacturing companies. We analyzed how the integration capabilities of such systems with other business applications and the company profile impact their usage and consequently the perceived benefits. A case study was conducted with 51 manufacturing companies and data were analyzed using partial least square structural equation modeling technique. The results confirmed the positive and significant impact of the company profile and solution integration capabilities on system usage. In addition, a ranking of solution modules importance for companies was also provided.
Asset Information and Analytics Drivers of Process Industry Operational Excel...Rolta
This document discusses how asset information management (AIM) is essential for operational excellence in process industries. It argues that poor AIM results in significant financial losses and increased safety and environmental risks for process industry companies. The document estimates that typical process industry organizations lose approximately 1.5% of annual sales revenue due to poor AIM. It advocates that organizations implement an AIM strategy to provide reliable asset information to all stakeholders, in order to improve asset performance, lower costs, and increase profits. The document also describes the types of asset information needed and the challenges of ensuring information quality and usability across engineering and operations teams.
IRJET- A Study on Quantification of Factors Affecting the Quality of Construc...IRJET Journal
This document discusses factors that affect the quality and performance of construction projects in India. It begins with an abstract that outlines the study's objective to identify and evaluate major factors through a literature review and questionnaire survey.
The introduction provides context on performance management in the construction industry and defines relevant terms. It also outlines the methodology, which involves identifying performance factors from literature, preparing and distributing questionnaires, and analyzing the results using statistical software.
The document then identifies and describes various factors grouped under time, cost, productivity, quality, client satisfaction, human, environmental, and health/safety. These provide the basis for a questionnaire to rank factors' influence. Finally, the document outlines plans to analyze questionnaire data using statistical analysis software to
Here are some potential responses students could provide:
1. Describe your role and responsibilities in the organization.
- I was an intern in the accounting department. My main responsibilities included assisting with monthly financial reporting, analyzing variances between budget and actual results, and preparing forecasts.
2. What types of managerial accounting information did you use in your role?
- I used budget reports, income statements, balance sheets, and cash flow statements to analyze financial performance and identify areas for improvement. I also looked at cost reports and analyzed overhead allocation.
3. How did the managerial accounting information help managers make decisions?
- The financial reports helped identify areas where costs were higher than expected so managers could take
Working capital management and profitability an empirical analysisIAEME Publication
This document summarizes a study examining the relationship between working capital management and profitability among Indian manufacturing firms. The study uses financial data from 1,198 manufacturing firms over a 5-year period. Correlation analysis found negative relationships between measures of working capital management (debtor's days, inventory days, creditor's days, cash conversion cycle) and firm profitability. Regression analysis will further examine these relationships to determine how adjusting elements of working capital management could impact profitability. The results aim to provide Indian manufacturers insights on variables that influence their profits.
- The document analyzes the effect of financial ratios (CAR, LDR, NIM, NPL, OEOI) on profitability (ROA) of BUKU IV commercial banks in Indonesia from 2015-2019.
- Regression analysis found that CAR and OEOI ratios had a significant negative effect on ROA, while NIM had a significant positive effect. LDR and NPL did not have a significant effect.
- Based on the results, BUKU IV banks need to increase NIM and maintain CAR and OEOI ability to generate higher profits. Further research comparing BUKU IV and III banks is needed.
1) The document discusses strategic productivity through marketable technology and how technology managers can increase productivity.
2) It explains that organizations can improve productivity by basing employee pay on technology performance rather than just time.
3) The article also examines how organizations can develop their knowledge, technology, and culture assets to motivate employees and improve performance.
Identification of Critical Issues and Solutions during ERP Software Developme...sushil Choudhary
The document discusses critical issues and solutions in the development life cycle of ERP software. It identifies several key phases in ERP software development: requirements analysis, design and documentation, implementation team training, and software testing. The document also outlines some critical factors to consider in each phase, such as ensuring user requirements are fully understood during requirements analysis and providing proper training for the implementation team. Effective management of each phase of the development life cycle is important for the successful development and implementation of ERP software.
This document describes a simulation model developed to calculate Overall Equipment Effectiveness (OEE) for a generic production line. The model takes input data from XML files generated by an optimization model that minimizes costs based on factors like work in progress inventory and machine idle time. Both crisp and fuzzy models are implemented to calculate availability, performance, quality, and overall OEE. The fuzzy model uses Mamdani inference with triangular membership functions. Simulation results in VB and Excel are presented and compared to world class standards. Goal seek and scenario manager tools are used to determine input parameter changes needed to meet standards. The model provides a way to evaluate a production line's efficiency and identify areas for improvement.
FUNDAMENTAL ANALYSIS WITH SPECIAL REFERENCE TO PHARMACEUTICAL COMPANIES LISTE...IAEME Publication
An investment analysis is essential for the benefit of risk reduction and maximizes the gain. The investment analysis on stock market has two main approaches namely technical analysis and fundamental analysis. This study is focused on fundamental analysis of pharmaceutical companies listed in National Stock Exchange (NSE), which include selected five companies for a period of five years from 2011 to 2015. The fundamental analysis consists of three parts such as economic analysis, industry analysis and company analysis. The economic analysis consists of economic indicators which influence the security market like GDP, inflation, interest rate, foreign reserves, export and agricultural production for the study period.
Double Performance Prism: innovation performance Measurement systems for manu...AM Publications
No performance measurement system currently takes into account the innovator dilemma which consists of the necessity of balancing between the exploratory and exploitative innovation activities. This balance remains a major challenge in innovation management. Although small and medium enterprises account for 95% of firms in developed countries, according to Web of Science database, only 1.5% of research papers on innovation and 0.5% of research papers on performance measurement focus on small and medium enterprises. Drawing on the Performance Prism of Andy Neely, this paper develops an innovation performance measurement system for manufacturing small and medium enterprises in order to achieve a balance of exploration and exploitation activities. This model, known as the Double Performance Prism, is based on stakeholder theory. It considers innovation as a solution to customers’ expressed and observed needs. It has been implemented in two manufacturing small and medium enterprises. As key results, an innovation success map and a 10-indicator Innovation Scoreboard emerged from the research and implementation. The aim of these results is to foster the development of an ambidextrous organization. Further quantitative studies will be necessary to validate the proposed innovation map.
Creating Performance Measures for Warehouses.pdfGirish Vs
The document discusses developing key performance indicators (KPIs) for warehouses. It states that warehouses account for 20% of logistics costs, so improving warehouse performance can significantly reduce costs. It also emphasizes that in order to manage performance, you must first measure it using metrics. The document then discusses best practices for developing useful KPIs, such as aligning them with business objectives, limiting their number, and ensuring they provide information to support decision-making and strategic goals. Developing the right KPIs can help managers evaluate how well operations match a company's overall strategy.
The document discusses implementing a balanced scorecard approach in the oil and gas industry in India. It explains that a balanced scorecard translates an organization's strategy into objectives and measures across four perspectives: learning and growth, customer, internal business processes, and financial. The researcher aims to analyze the effectiveness of implementing balanced scorecards in the Indian oil and gas sector. Some key findings are that balanced scorecards can be effective but difficulties exist in weighting perspectives and linking objectives. Overall, balanced scorecards appear to be a useful performance measurement technique for the industry when implemented properly.
The Role of Balanced Scorecard for Measuring Competitive Advantage of Contain...inventionjournals
This document discusses using the Balanced Scorecard (BSC) framework to measure the competitive advantage of container terminals. The BSC is a strategic planning and management system that incorporates both financial and non-financial metrics. It can help container terminal managers better understand strategic vision and employee contributions to strategic goals. The document outlines the key components of the BSC - financial, customer, internal business process, and learning & growth perspectives. It also discusses how the BSC has been applied to measure performance at Iranian container terminals, optimize terminal operations, and identify core competencies that provide sustainable competitive advantages.
Right Aligning Application InvestmentsITC Infotech
Application portfolio optimization is a structured approach to improve ROI from application investments. It involves defining goals, creating an application inventory, assessing the portfolio based on business and technical parameters, and optimizing through actions like retiring, replacing, re-engineering or retaining applications. This helps address issues like lack of business-IT alignment, redundant applications, and inefficient adaptation. APO benefits include strategic cost management, improved processes, governance and efficiency, and improved agility to address business needs.
Process engineering economics i industrial engineering managementLuis Cabrera
The document discusses process engineering economics and the balanced scorecard approach. It provides an example of a 3PL logistics company's balanced scorecard for fiscal year 2020. The scorecard outlines objectives, initiatives, metrics and critical success factors. It also identifies opportunities, threats and support needed from management. Key business metrics included turnover of 138 million and targets for new business from Volkswagen and a joint venture. EBITDA, a key financial metric, is also explained as earnings before interest, taxes, depreciation and amortization.
Benchmarking internal supply chain performance development of a frame workIAEME Publication
In this paper, a frame work is developed for benchmarking internal supply chain performance using financial data as an alternative to traditional approach of use of different models of supply chain performance evaluation. This frame work is demonstrated by using the publicly disclosed financial data compiled and distributed in the PROWESS databases maintained by the Center for Monitoring Indian Economy (CMIE).
Benchmarking internal supply chain performance development of a frame workIAEME Publication
This document presents a framework for benchmarking internal supply chain performance using publicly available financial data. The framework calculates three metrics: total length of supply chain, efficiency of supply chain management, and supply chain working capital productivity. It applies the framework to analyze three fast moving consumer goods companies over four years. The analysis finds that Company C consistently had the best performance on the metrics, with shorter supply chain length, higher efficiency, and higher productivity. The framework provides a way for companies to evaluate their internal supply chain performance and identify areas for improvement by comparing metrics over time and to other companies.
Business Performance Management Assessment ToolsRachel Phillips
This document discusses business performance management assessment tools. It begins by defining business performance management as a set of management and analytic processes that enable an organization to achieve strategic goals by improving employee and team performance. It notes that business performance management has three main activities: setting goals, measuring performance against those goals, and making interventions to improve future performance. The document also discusses how performance management builds on business intelligence and key performance indicators linked to strategy. It provides definitions of business performance management and its scope, as well as common methodologies.
Employee Performance Measurement in Teleworking Using Balanced Scorecard IJECEIAES
Key Performance Indicator (KPI) must be aligned with the development of the organization. PT. Mitra Intregrasi Informatika (MII) in its development decided to change the traditional way of work to modern telework. This encourages companies to adjust employee’s KPI from the traditional way of work turns in to telework. In order to perform KPI measurement of its employees based on teleworking, this research uses balanced scorecard method approach that is by taking into account financial, customer, and internal business process and learning and growth perspective. The results of this study are the design proposal KPI employees to accommodate telework at the company. Then KPI employee test results showed an increase in the average value of the employee KPI of 0.295 points (9.47%) of the old KPI. Thus, it is recommended to the company to implement the employee KPI.
This document discusses enterprise resource planning (ERP) systems and their importance in modern corporate environments. It begins with an introduction to increasing global competition and the need for businesses to gain competitive advantages. The next sections discuss how ERP systems can help integrate key business functions and manage resources and information flow. As an example, the document analyzes financial data from an Indian graphite company to compare metrics like expenses and production over quarters, demonstrating how ERP data analysis can inform business strategies. Finally, it concludes that effective ERP systems are crucial for companies to adapt, grow, and handle challenges like economic recessions in today's business world.
Maintenance Leading and Lagging Key Performance Indicators (KPIs)Ricky Smith CMRP
“It is not possible to manage what you cannot control and you cannot control what you cannot measure!” (Peter Drucker)
Performance measurement is a fundamental principle of management. The measurement of performance is important because it identifies current performance gaps between current and desired performance and provides indication of progress towards closing the gaps. Carefully selected key performance indicators identify precisely where to take action to improve performance.
This paper deals with the identification of key performance indicators for the maintenance function, by first looking at the ways that maintenance performance metrics relate to manufacturing metrics. Since performance measurements for maintenance must include both results metrics and metrics for the process that produces the results, this document presents a representation for the business process for maintenance. The document then identifies typical business process and results metrics that can be used as key performance indicators for the maintenance function.
Integrated Analytical Hierarchy Process and Objective Matrix in Balanced Scor...TELKOMNIKA JOURNAL
Measuring organizational performance is pivotal for a comprehensive understanding of strengths,
weaknesses and to improve the quality of any organization’s performance. Balanced Scorecard (BSC) is
the strategic evolution tool that is widely used to measure the organizational performances, and
achievements from various aspects, both financial and non-financial. In this research, BSC was not only a
straight jacket concept but also a high potential tool for measuring and managing tangible and accurate
data through the application of several methods. This research weighted the variables of BSC based on
significance values of Analytical Hierarchy Process (AHP) and Optimization of Measurement with
Objective Matrix (OMAX). Moreover, a recommendation analysis was given based on the cause and effect
analysis of variables and the achievement of Key Performance Indicators (KPIs). The flow of information,
data, and performance measurement processes were designed into Business Intelligence (BI) software
development i.e. BI-MonevDash. The framework and software BI-MonevDash proposed can be used as a
new chosen tool for measuring and monitoring organizational performance. Recommendations could
facilitate the leaders in decision making to improve the organizational performance and reduce risks.
Utilizing the BSC and EFQM as a Combination Framework; Scrutinizing the Possi...Waqas Tariq
Increasing the competition between organizations in the field of productions and services leads them to use the samples and patterns to assess their activities and performance. Appearing this kind of needs and inefficiency of measuring systems with traditional activities assessment causes to create new models of activities assessment in organizations. These models could be divided in two groups. The first group is based on self assessment and the second group is based on measurement and improvement of business trade process. Among mentioned models, Balanced score Card (BSC) and European Foundation for Quality Management (EFQM) have had more chance to be used by many companies. Regarding the high acceptance of these two models in the world and existence many similarities between them; this study is going to present exact glance of these two models and present a comparison between them. Moreover, after recognizing the weaknesses and powers of them, the possibility of using them at the same time will be evaluated. In order to gain this goal, an automobile company’s performance has been assessed based on BSC and EFQM and the results are analyzed with TOPSIS method.
The document discusses an integrated performance management system (I-PMS) as an alternative to traditional performance appraisal systems. An I-PMS links strategic objectives, core business strategies, critical success factors, and key performance indicators. The conceptual design phase involves gaining senior management support, creating implementation teams, and developing a performance model. In the detailed design phase, specific key performance indicators are identified and a scoreboard is designed. Ongoing support ensures continuous improvement through evaluation and updating of indicators. An I-PMS provides benefits like identifying performance drivers and facilitating continuous improvement.
Lately, the application of lean has been applied in service companies with the
same objectives, namely the elimination of waste and increased efficiency of all
resources. As the global economy grows and develops, they are committed to
achieving improvements like that. The current economic indications are marked by
budget cuts and cost reduction but are still able to produce a good business
performance. This paper, we will explore waste that occurs along the value stream;
especially in the public sector, more specifically in industrial sports
Reliability Improvement program are carried out at the commercial vehicle industries
with proven base frame works, program architecture and governance structure. These
programs are specifics oriented towards the organization culture and making things
happen. Certain industries execute the program through rapport management or through
systematic drive to meet the program objectives. The program objectives of the reliability
improvement program are driven by the customer requirements, competitor
benchmarking and by management initiatives. This paper studies and reflects on the
challenges and priorities involved in driving such reliability improvement program with
best practices. Best practices were elucidated during crucial phases of program –
Baseline Actions, Program Initiation, Program Execution and Program Closure. Quality
of program outcome in the commercial vehicle industries are based on the accuracy of
the failure data capture from the field and Verification & Validation of the improvements.
Studied program are of long term duration for a year and comprises of large number of
projects above 100 numbers. Learnings out of the executed programs are briefed and its
results implies direct benefits to the involved stakeholders and customers
The document discusses the Balanced Scorecard framework. It provides background on why organizations struggle with strategy execution and the development of the Balanced Scorecard as a performance management tool. The Balanced Scorecard translates an organization's strategy into objectives and measures across four perspectives: financial, customer, internal processes, and learning and growth. It allows organizations to link strategic objectives, measure performance, and track initiatives.
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
A STUDY ON THE REASONS FOR TRANSGENDER TO BECOME ENTREPRENEURSIAEME Publication
The study explores the reasons for a transgender to become entrepreneurs. In this study transgender entrepreneur was taken as independent variable and reasons to become as dependent variable. Data were collected through a structured questionnaire containing a five point Likert Scale. The study examined the data of 30 transgender entrepreneurs in Salem Municipal Corporation of Tamil Nadu State, India. Simple Random sampling technique was used. Garrett Ranking Technique (Percentile Position, Mean Scores) was used as the analysis for the present study to identify the top 13 stimulus factors for establishment of trans entrepreneurial venture. Economic advancement of a nation is governed upon the upshot of a resolute entrepreneurial doings. The conception of entrepreneurship has stretched and materialized to the socially deflated uncharted sections of transgender community. Presently transgenders have smashed their stereotypes and are making recent headlines of achievements in various fields of our Indian society. The trans-community is gradually being observed in a new light and has been trying to achieve prospective growth in entrepreneurship. The findings of the research revealed that the optimistic changes are taking place to change affirmative societal outlook of the transgender for entrepreneurial ventureship. It also laid emphasis on other transgenders to renovate their traditional living. The paper also highlights that legislators, supervisory body should endorse an impartial canons and reforms in Tamil Nadu Transgender Welfare Board Association.
BROAD UNEXPOSED SKILLS OF TRANSGENDER ENTREPRENEURSIAEME Publication
Since ages gender difference is always a debatable theme whether caused by nature, evolution or environment. The birth of a transgender is dreadful not only for the child but also for their parents. The pain of living in the wrong physique and treated as second class victimized citizen is outrageous and fully harboured with vicious baseless negative scruples. For so long, social exclusion had perpetuated inequality and deprivation experiencing ingrained malign stigma and besieged victims of crime or violence across their life spans. They are pushed into the murky way of life with a source of eternal disgust, bereft sexual potency and perennial fear. Although they are highly visible but very little is known about them. The common public needs to comprehend the ravaged arrogance on these insensitive souls and assist in integrating them into the mainstream by offering equal opportunity, treat with humanity and respect their dignity. Entrepreneurship in the current age is endorsing the gender fairness movement. Unstable careers and economic inadequacy had inclined one of the gender variant people called Transgender to become entrepreneurs. These tiny budding entrepreneurs resulted in economic transition by means of employment, free from the clutches of stereotype jobs, raised standard of living and handful of financial empowerment. Besides all these inhibitions, they were able to witness a platform for skill set development that ignited them to enter into entrepreneurial domain. This paper epitomizes skill sets involved in trans-entrepreneurs of Thoothukudi Municipal Corporation of Tamil Nadu State and is a groundbreaking determination to sightsee various skills incorporated and the impact on entrepreneurship.
DETERMINANTS AFFECTING THE USER'S INTENTION TO USE MOBILE BANKING APPLICATIONSIAEME Publication
The banking and financial services industries are experiencing increased technology penetration. Among them, the banking industry has made technological advancements to better serve the general populace. The economy focused on transforming the banking sector's system into a cashless, paperless, and faceless one. The researcher wants to evaluate the user's intention for utilising a mobile banking application. The study also examines the variables affecting the user's behaviour intention when selecting specific applications for financial transactions. The researcher employed a well-structured questionnaire and a descriptive study methodology to gather the respondents' primary data utilising the snowball sampling technique. The study includes variables like performance expectations, effort expectations, social impact, enabling circumstances, and perceived risk. Each of the aforementioned variables has a major impact on how users utilise mobile banking applications. The outcome will assist the service provider in comprehending the user's history with mobile banking applications.
ANALYSE THE USER PREDILECTION ON GPAY AND PHONEPE FOR DIGITAL TRANSACTIONSIAEME Publication
Technology upgradation in banking sector took the economy to view that payment mode towards online transactions using mobile applications. This system enabled connectivity between banks, Merchant and user in a convenient mode. there are various applications used for online transactions such as Google pay, Paytm, freecharge, mobikiwi, oxygen, phonepe and so on and it also includes mobile banking applications. The study aimed at evaluating the predilection of the user in adopting digital transaction. The study is descriptive in nature. The researcher used random sample techniques to collect the data. The findings reveal that mobile applications differ with the quality of service rendered by Gpay and Phonepe. The researcher suggest the Phonepe application should focus on implementing the application should be user friendly interface and Gpay on motivating the users to feel the importance of request for money and modes of payments in the application.
VOICE BASED ATM FOR VISUALLY IMPAIRED USING ARDUINOIAEME Publication
The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
CHINA’S GEO-ECONOMIC OUTREACH IN CENTRAL ASIAN COUNTRIES AND FUTURE PROSPECTjpsjournal1
The rivalry between prominent international actors for dominance over Central Asia's hydrocarbon
reserves and the ancient silk trade route, along with China's diplomatic endeavours in the area, has been
referred to as the "New Great Game." This research centres on the power struggle, considering
geopolitical, geostrategic, and geoeconomic variables. Topics including trade, political hegemony, oil
politics, and conventional and nontraditional security are all explored and explained by the researcher.
Using Mackinder's Heartland, Spykman Rimland, and Hegemonic Stability theories, examines China's role
in Central Asia. This study adheres to the empirical epistemological method and has taken care of
objectivity. This study analyze primary and secondary research documents critically to elaborate role of
china’s geo economic outreach in central Asian countries and its future prospect. China is thriving in trade,
pipeline politics, and winning states, according to this study, thanks to important instruments like the
Shanghai Cooperation Organisation and the Belt and Road Economic Initiative. According to this study,
China is seeing significant success in commerce, pipeline politics, and gaining influence on other
governments. This success may be attributed to the effective utilisation of key tools such as the Shanghai
Cooperation Organisation and the Belt and Road Economic Initiative.
International Conference on NLP, Artificial Intelligence, Machine Learning an...gerogepatton
International Conference on NLP, Artificial Intelligence, Machine Learning and Applications (NLAIM 2024) offers a premier global platform for exchanging insights and findings in the theory, methodology, and applications of NLP, Artificial Intelligence, Machine Learning, and their applications. The conference seeks substantial contributions across all key domains of NLP, Artificial Intelligence, Machine Learning, and their practical applications, aiming to foster both theoretical advancements and real-world implementations. With a focus on facilitating collaboration between researchers and practitioners from academia and industry, the conference serves as a nexus for sharing the latest developments in the field.
A review on techniques and modelling methodologies used for checking electrom...nooriasukmaningtyas
The proper function of the integrated circuit (IC) in an inhibiting electromagnetic environment has always been a serious concern throughout the decades of revolution in the world of electronics, from disjunct devices to today’s integrated circuit technology, where billions of transistors are combined on a single chip. The automotive industry and smart vehicles in particular, are confronting design issues such as being prone to electromagnetic interference (EMI). Electronic control devices calculate incorrect outputs because of EMI and sensors give misleading values which can prove fatal in case of automotives. In this paper, the authors have non exhaustively tried to review research work concerned with the investigation of EMI in ICs and prediction of this EMI using various modelling methodologies and measurement setups.
Using recycled concrete aggregates (RCA) for pavements is crucial to achieving sustainability. Implementing RCA for new pavement can minimize carbon footprint, conserve natural resources, reduce harmful emissions, and lower life cycle costs. Compared to natural aggregate (NA), RCA pavement has fewer comprehensive studies and sustainability assessments.
Understanding Inductive Bias in Machine LearningSUTEJAS
This presentation explores the concept of inductive bias in machine learning. It explains how algorithms come with built-in assumptions and preferences that guide the learning process. You'll learn about the different types of inductive bias and how they can impact the performance and generalizability of machine learning models.
The presentation also covers the positive and negative aspects of inductive bias, along with strategies for mitigating potential drawbacks. We'll explore examples of how bias manifests in algorithms like neural networks and decision trees.
By understanding inductive bias, you can gain valuable insights into how machine learning models work and make informed decisions when building and deploying them.
Comparative analysis between traditional aquaponics and reconstructed aquapon...bijceesjournal
The aquaponic system of planting is a method that does not require soil usage. It is a method that only needs water, fish, lava rocks (a substitute for soil), and plants. Aquaponic systems are sustainable and environmentally friendly. Its use not only helps to plant in small spaces but also helps reduce artificial chemical use and minimizes excess water use, as aquaponics consumes 90% less water than soil-based gardening. The study applied a descriptive and experimental design to assess and compare conventional and reconstructed aquaponic methods for reproducing tomatoes. The researchers created an observation checklist to determine the significant factors of the study. The study aims to determine the significant difference between traditional aquaponics and reconstructed aquaponics systems propagating tomatoes in terms of height, weight, girth, and number of fruits. The reconstructed aquaponics system’s higher growth yield results in a much more nourished crop than the traditional aquaponics system. It is superior in its number of fruits, height, weight, and girth measurement. Moreover, the reconstructed aquaponics system is proven to eliminate all the hindrances present in the traditional aquaponics system, which are overcrowding of fish, algae growth, pest problems, contaminated water, and dead fish.
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Slides from talk presenting:
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Panel Session: Promoting Connection and Cooperation"
IEEE Slovenia GRSS
IEEE Serbia and Montenegro MTT-S
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11TH INTERNATIONAL CONFERENCE ON ELECTRICAL, ELECTRONIC AND COMPUTING ENGINEERING
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Using recycled concrete aggregates (RCA) for pavements is crucial to achieving sustainability. Implementing RCA for new pavement can minimize carbon footprint, conserve natural resources, reduce harmful emissions, and lower life cycle costs. Compared to natural aggregate (NA), RCA pavement has fewer comprehensive studies and sustainability assessments.
Optimizing Gradle Builds - Gradle DPE Tour Berlin 2024Sinan KOZAK
Sinan from the Delivery Hero mobile infrastructure engineering team shares a deep dive into performance acceleration with Gradle build cache optimizations. Sinan shares their journey into solving complex build-cache problems that affect Gradle builds. By understanding the challenges and solutions found in our journey, we aim to demonstrate the possibilities for faster builds. The case study reveals how overlapping outputs and cache misconfigurations led to significant increases in build times, especially as the project scaled up with numerous modules using Paparazzi tests. The journey from diagnosing to defeating cache issues offers invaluable lessons on maintaining cache integrity without sacrificing functionality.
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K8sGPT is a tool that analyzes and diagnoses Kubernetes clusters. This presentation was used to share the requirements and dependencies to deploy K8sGPT in a local environment.
2. Lagodiienko Volodymyr, Malanchuk Marina, Gayvoronska Inna and Sedikov Denys
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1. INTRODUCTION
The organization's strategy, the definition of its goals and objectives is the privilege and
responsibility of the highest management of the organization, while the implementation of the
strategy is to the employees of the organization at the level of structural units [1]. Significant
danger to the organization's development is the lack of information exchange between its
management and employees. This is due, primarily, to the information congestion of the
management, which prevents the ability to adequately assess the information and, as a
consequence, makes it impossible to monitor the implementation of personnel strategic
objectives. However, the lack of a specific strategic goal for the staff and the appropriate
system of motivation leads to the fact that the executives do not coordinate their actions with
the global goal of the organization and have no opportunity to orientate themselves in
strategic directions. Such "disorientation" often leads to the cost of resources for the
organization to perform secondary tasks. This problem is typical of many large state
organizations with a complex structure both in Ukraine and abroad [2-5].
Thus, the definition of performance and efficiency indicators is still relevant, moreover,
due to global data society data is becoming increasingly acute issue of their automation
2. KEY PERFORMANCE INDICATORS (KPI)
Key performance indicators (KPI) – are indicators of the activities of the unit (enterprise),
which helps the organization in achieving strategic and tactical (operational) goals. The use of
key performance indicators gives the organization the opportunity to assess their condition
and help assess the implementation of the strategy.
Key performance indicators allow to evaluate the effectiveness of actions performed.
They can be used both to evaluate the work of the entire company, its individual divisions and
specific employees [3]. With the help of the KPI system, CEOs can not only monitor and
evaluate the effectiveness of the actions performed, but also build an effective wage system.
The condition of the indicator is the possibility of its measurement.
There are ideal and actual KPIs. Ideal should be high, but at the same time quite
achievable, so as not to cause frustration among employees. Bonuses / bonuses are awarded if
the actual as close as possible to the ideal. The number of metrics should not be very large,
otherwise they are difficult to control and develop an honest system of material motivation,
which would take into account all the metrics [6].
Also, KPIs are delayed and operational. The first show the results of work for a certain
period, the second - the current situation. They allow to manage the situation within a certain
period of time in order to get the expected result at the end of the reporting period. In order to
correctly interpret the data, the cuts must be regular, the number of measurements is adequate.
They should not be too much. Experts agree that the younger the company, the more control
is needed for stable growth, respectively, the more often you need to take measurements.
The following types of key indicators are distinguished [7-8]:
KPI result - how much and what result produced;
KPI cost - how much resources were spent;
KPI functioning - performance indicators of business processes (allows you to assess
the compliance of the process with the required algorithm for its implementation);
KPI performance - derived indicators characterizing the relationship between the
result and the time spent on its receipt;
Efficiency KPIs (performance indicators) are derived indicators that characterize the
ratio of the result obtained to the cost of resources.
3. Selection of Criteria for Key Performance Indicators by the Matrix Method
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When developing process indicators, the following rules should be followed:
A set of indicators should contain the minimum required number of them to ensure the
full management of the business process;
Each indicator must be measurable;
The cost of measuring the indicator should not exceed the managerial effect of the use
of this indicator.
KPI is very different from the fields of activity of the enterprise and from the objectives of
the enterprise. So, several specific tasks are traditionally relevant for production companies:
Product cost management;
Monitoring productivity;
Fight against marriage.
In Figure 1, we depict a fragment of a strategic map of a manufacturing company, which
made the struggle to increase production efficiency the focus of its strategy. In financial
terms, this is reflected in the reduction of production costs.
Figure 1 Strategic map (fragment)
At the same time, the company hopes that cost reduction will allow to become a leader in
costs and reduce selling prices. This will give an advantage over competitors, lead to an
increase in total sales and expand the customer base.
These two market objectives are set in a marketing perspective. Thus, the strategy takes
on a consistent and solid look, it is compact and focused.
Improving the efficiency of the production process is reflected in the grid of goals at the
levels of business processes and resources.
Increased productivity will be achieved through:
reduce downtime;
reducing the volume of marriage;
4. Lagodiienko Volodymyr, Malanchuk Marina, Gayvoronska Inna and Sedikov Denys
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reduce equipment breakdowns;
Downtime will be reduced due to:
reduce equipment breakdowns;
more accurate planning of inventory, which is planned to introduce an automated
inventory management system.
At the same time, the cost of production should be reduced by conducting a more efficient
procurement policy; for this, it is planned to organize a tender department.
Thus, it is seen that none of the goals “sags”, but is in a chain of interconnections to
achieve the goals of the top level.
Also the important moment, the company considers the optimization of its product
portfolio, which will make it possible to abandon inefficient ones and focus on the “stars”.
For the evaluation of personnel on key performance indicators for each employee of the
organization, an agreement on goals or a “KPI matrix” is formed. In this matrix, we include a
limited number of indicators from the KPI library posts. Four to five indicators for employees
are usually recommended, six to seven indicators for managers at various levels. In practice,
KPI matrices have different forms and contents. When developing such matrices, it is
important to observe a compromise between the completeness of the information necessary
for setting goals and conducting an assessment, on the one hand, and their simplicity and
clarity for employees - on the other.
Let's look at the performance matrix of key employees.
In the matrix of the Commercial Director (fig. 2), it should be paid special attention to the
indicator “production downtime due to the lack of orders”. This indicator is strategic, as it
helps to reduce production downtime, although it does not seem to relate directly to the
activities of the sales department.
Figure 2 KPIs matrix of the Commercial Director
When coordinating goals across horizontally, it is very important not to miss those output
parameters of a department / business process that provide high-quality input for the next unit
/ business process.
5. Selection of Criteria for Key Performance Indicators by the Matrix Method
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In this case, it is important for us not only the fulfillment of the plan for the revenue for
the period, but the distribution of orders in such a way that production is always loaded.
It is these “stitching” indicators that, unfortunately, are most often forgotten when
designing KPIs, which greatly reduces the effectiveness and efficiency of the target
management system of an enterprise.
Foreman (fig. 3). The foreman has more power and resources. Therefore, its matrix is
more result-oriented.
Figure 3 KPIs matrix of the Foreman
Such cards should be compiled for all key employees of the enterprise.
3. MATRIX METHOD OF OPTIMIZING THE PORTFOLIO OF
PRODUCTS FOR THE MAIN KPI
In order to find a solution to an antagonistic game (an antagonistic game is a non-cooperative
game in which two players participate, the winnings of which are opposite), it is necessary to
determine the optimal strategies of the players and the price of the game. The maximin and
minimax strategies i, j corresponding to the price of the game are the optimal strategies of the
first and second players, and their combination is the decision of the game.
An equilibrium situation can arise in a game when each player chooses his optimal
strategy – maximin and minimax – and receives respectively his maximum guaranteed gain
and minimum guaranteed loss, the values of which coincide and the levels of the value of
game V.
If there is a situation of equilibrium in the game, then its solutions possess stamina, since
it is not beneficial for any of the players to deviate from this situation and apply a different
strategy that differs from the optimal one. A pair of pure strategies (h, j) creates an
equilibrium situation in the game if and only then when the element h and, j exists in the
payoff matrix, which is both the largest in its column and the smallest in its row. This element
(if it exists) is called the saddle point (by analogy with the surface of the saddle, which curves
down in one direction and up, in the other).
Consider this method on a specific example. Assume that the company can produce four
types of products: A1, A2, A3, A4 to obtain profit. Its value depends on the state of demand,
which can be in one of three possible states: B1, B2, B3.
6. Lagodiienko Volodymyr, Malanchuk Marina, Gayvoronska Inna and Sedikov Denys
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Table 1 The profit of the enterprise in different states of demand
Types of
products
Possible state of demand
В1 В2 В3
А1 4 2 2
А2 2 5 0
А3 0 2 5
А4 3 1 1
Elements of the matrix H '= || hij || characterize the amount of profit that the company will
receive if it produces the i-th product type (i = 1,2,3,4) at the j-th demand state (j = 1,2,3,4). It
is necessary to determine the optimal proportions of the types of products manufactured by
the enterprise and the sale of which would provide it with the maximum possible revenue
from the state of demand.
Since the task is reduced to an antagonistic game, then in this case, the enterprise is the
first player is, and as the second – nature, which affects the state of demand. In this case, the
conflict between the two parties can be characterized as antagonistic, and using the model of
this conflict allows the enterprise to estimate the profit it can receive regardless of the state of
demand.
Acting as the first player, the company can use four strategies:
1. the first pure strategy, corresponding to the release of the company only A1 products;
2. the second clean strategy, corresponding to the release of the enterprise only A2
products;
3. the third clean strategy, corresponding to the release of the enterprise only A3
products;
4. the fourth net strategy, corresponding to the release of the company only A4 products.
5. Speaking as a second player, nature can use three possible strategies:
6. the first pure strategy in which the state of demand B1 is realized;
7. the second pure strategy in which the state of demand B2 is realized;
8. the third net strategy in which the state of demand B3 is realized.
Set the payment matrix Η of this game:
𝐻′ = {
4 2 2
2 5 0
0 2 5
3 1 1
}
Analysis of the payment matrix shows that the first strategy of the first player dominates
over its last – fourth strategy (each of the elements of the first row of the matrix is greater than
the corresponding element of the last row of the matrix), therefore, the credibility of the fourth
strategy used by the first player is zero. From the analysis performed, it turns out that the
dimension of the matrix H can be reduced by removing the fourth row from it, as a result, the
payment matrix can be reduced to the matrix H:
𝐻 = {
4 2 2
2 5 0
0 2 5
}
Check if this game has a saddle point. Find the top and bottom price of the game:
7. Selection of Criteria for Key Performance Indicators by the Matrix Method
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𝑉ˆ = 𝑚𝑎𝑥𝑖 𝑚𝑖𝑛𝑗ℎ𝑖𝑗 = 2
𝑉ˇ = 𝑚𝑖𝑛𝑗 𝑚𝑎𝑥𝑖ℎ𝑖𝑗 = 2
Since the lower price of the game is not equal to the top, this antagonistic game does not
have a saddle point; therefore, its solutions should be sought in mixed strategies.
We reduce this antagonistic conflict to a direct and double linear programming problem.
Using the simplex method to solve the problem of the first player, we get:
𝑌∗
= (𝑦1
∗
=
9
88
; 𝑦2
∗
=
14
88
; 𝑦3
∗
=
12
88
),
𝑍( 𝑦∗
) = 𝑦1
∗
+ 𝑦2
∗
+ 𝑦3
∗
=
35
88
From the ratio of𝑦1
∗
+ 𝑦2
∗
+ 𝑦3
∗
=
1
𝑉
, we find V
V =
1
y1
∗
+ y2
∗
+ y3
∗ =
88
35
From the ratio
y1
∗
=
p1
∗
V
; y1
∗
=
p2
∗
V
; y1
∗
=
p3
∗
V
Find:
p1
∗
= y1
∗
∗ V =
9
88
∗
88
35
=
9
35
p2
∗
= y2
∗
∗ V =
14
88
∗
88
35
=
14
35
p3
∗
= y3
∗
∗ V =
12
88
∗
88
35
=
12
35
Thus,
P∗
= (p1
∗
=
9
35
; p2
∗
=
14
35
; p3
∗
=
12
35
; p4
∗
= 0)
Based on the solution that was found for the double linear programming problem, we find
the solution to the basic problem, then:
8. Lagodiienko Volodymyr, Malanchuk Marina, Gayvoronska Inna and Sedikov Denys
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X∗
= (x1
∗
=
19
88
; x2
∗
=
6
88
; x3
∗
=
10
88
)
q1
∗
= x1
∗
V =
19
88
∗
88
35
=
19
35
q2
∗
= x2
∗
V =
6
88
∗
88
35
=
6
35
q3
∗
= x3
∗
V =
10
88
∗
88
35
=
10
35
𝑞4
∗
= 0
Q∗
= (q1
∗
=
19
35
; q2
∗
=
6
35
; q3
∗
=
10
35
; q4
∗
= 0)
The obtained optimal mixed strategy of the first player should be interpreted as follows:
from the total volume of production, which is 35 units, the enterprise should release:
Figure 4 Optimized product portfolio
When applying its optimal strategy, the revenue that a company can receive, regardless of
the state of demand, will be at least 2.5 million $.
4. CONCLUSION
An important advantage of this approach is that matrix methods are relatively easy to
automate, which, with large volumes of accumulated information, becomes of great
significance.
The proposed method allows for certain criteria to select the necessary indicators for
further study. The economic interpretation of various aspects of the results of managerial
analysis obtained during the calculation of indicators is based on an integrated factor model
for assessing the efficiency of the enterprise, and the visualization of the results of the
analysis of indicators is carried out using such a tool as a managerial monitor.
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