Journal articles: 'Company modelling'

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Lukić, Zoran. "The art of company financial modelling." Croatian Operational Research Review 8, no. 2 (December 30, 2017): 409–27. http://dx.doi.org/10.17535/crorr.2017.0026.

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Lyzhechko, M. S., and I. V. Rozora. "Modelling of technical reserves of an insurance company." Bulletin of Taras Shevchenko National University of Kyiv. Series: Physics and Mathematics, no. 3 (2019): 46–51. http://dx.doi.org/10.17721/1812-5409.2019/3.6.

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In the modern rapidly evolving society, the science and the business are facing new needs and challenges constantly. The insurance industry and its mathematical foundation, the actuarial science, are not exceptions. Currently, the greatest challenge that the insurance system has to cope with is the issue of the new international financial standard that affects the calculation of reserves among other things. So far, insurers have mainly used common classical deterministic methods. However, the new standard emphasizes the necessity of the realistic prognosis that is best achieved with stochastic modelling tools since deterministic models do not represent the uncertainty and the random nature of future possible losses. This article considers the advantage of using stochastic modelling for reserve calculation in comparison to the deterministic approach. The article consists of five sections. In the first section, we briefly present the technique that lies in the basis of technical reserves calculation. The second section is devoted to such deterministic methods of reserve calculation as the Bornhuetter-Ferguson method and the chain-ladder method. In the third section, we consider modifications of two stochastic models – the Mack method and the bootstrapping technique. The fourth section considers the adjustment of reserves for the time value of money and inflation. In the fifth section, the results of modelling in the programming language R are presented.

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Hodskinson, Martin, and Rajesh Patel. "3-D modelling in a teaching company scheme." Computer-Aided Engineering Journal 6, no. 5 (1989): 177. http://dx.doi.org/10.1049/cae.1989.0039.

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Lager, Thomas, Peter Samuelsson, and Per Storm. "Modelling company generic production capabilities in process industries." International Journal of Operations & Production Management 37, no. 2 (February 6, 2017): 126–61. http://dx.doi.org/10.1108/ijopm-11-2014-0544.

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Purpose In the process industries, it is essential to have a well-articulated manufacturing strategy within companies. However, to facilitate manufacturing strategy development, it is important to start with a good characterisation of the material transformation system and company production capabilities. The paper aims to discuss these issues. Design/methodology/approach A grounded theory approach, with inspiration from configuration modelling, attempted to characterize the material transformation system as a set of variables. The variable development was based on a literature review and the knowledge base of five industry experts. Two exploratory mini-case studies were carried out, primarily to illustrate the use of the model, but additionally to test its industrial usability. Findings A set of 31 variables was developed, and related measures and scales were tentatively defined. Two mini-cases supported the usability of the model. The model, focussing on company generic process capabilities, is a conceptual taxonomy and the study’s theoretical contribution. Research limitations/implications The lucidity of the definitions and scales for the variables are open to further refinement, and the limited discussions of variable relationships in this study are addressed in an agenda for further research. Practical implications The model can be deployed as a facilitative instrument in the analysis of company material transformation systems and may serve as a platform in further discussions on companies’ strategy development. Originality/value The model is a new instrument for analysing company generic process capabilities and an effort to build new theory rather than to test an existing one.

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Lyridis, D. V., T. Fyrvik, G. N. Kapetanis, N. Ventikos, P. Anaxagorou, E. Uthaug, and H. N. Psaraftis. "Optimizing shipping company operations using business process modelling." Maritime Policy & Management 32, no. 4 (October 2005): 403–20. http://dx.doi.org/10.1080/03088830500300636.

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Korzachenko, Olga, and Vadim Getman. "Modelling the Choice of Optimal Structural Business Process Model in a Telecommunications Company." Scientific Journal of Riga Technical University. Computer Sciences 45, no. 1 (January 1, 2011): 36–42. http://dx.doi.org/10.2478/v10143-011-0039-9.

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Modelling the Choice of Optimal Structural Business Process Model in a Telecommunications Company This paper considers the problem of optimal structural business process model choice in a telecommunications company using mathematical methods and mathematical model construction. For modelling this problem a hierarchical structure is proposed due to a number of advantages. The paper offers a modified Analytic Hierarchy Process method to solve the given problem that leads to gaining adequate results. The paper discusses the results of modelling and gives recommendations how to increase the efficiency of telecommunications company activity. The recommendations are based on the model calculations obtained.

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Soshko, Oksana, Vilmars Vjakse, and Yuri Merkuryev. "Modelling Inventory Management System at Distribution Company: Case Study." Scientific Journal of Riga Technical University. Computer Sciences 42, no. 1 (January 1, 2010): 87–93. http://dx.doi.org/10.2478/v10143-010-0047-1.

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Modelling Inventory Management System at Distribution Company: Case Study The paper presents a case study on improving inventory management at the distribution company which operates in Latvia. The case study is focused on application of different modelling approaches in inventory management under uncertain demand, namely inventory models, simulation models and optimization model. The functionality of each model as well as its benefits for the current problem is discussed in the end of the paper.

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Luiza, Daschievici, and Ghelase Daniela. "Earning Power Modelling for Manufacturing Operation." WSEAS TRANSACTIONS ON SYSTEMS 22 (March 9, 2023): 214–18. http://dx.doi.org/10.37394/23202.2023.22.22.

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One of the most important criteria to consider while analysing the MTO company’s ability to make a profit in a competitive market is earning power. Specifically, this is defined by the Earning Power criterion. This means that the Earning Power modelling is a solid strategy for selecting and assessing which orders will bring profit to companies. As a result, a company manager must provide a model that can interact with the economic environment to make an offer and a price quotation to ensure the competitiveness of the company. In this article, we analyse this criterion for the processing operation.

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Jasmine, Tamara Latifah, and Tatang Akhmad Taufik. "Modelling Adoption of Innovation at a State Owned Company." IPTEK Journal of Proceedings Series, no. 6 (May 12, 2021): 150. http://dx.doi.org/10.12962/j23546026.y2020i6.9189.

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Günther, Clara-Cecilie, Ingunn Fride Tvete, Kjersti Aas, Geir Inge Sandnes, and Ørnulf Borgan. "Modelling and predicting customer churn from an insurance company." Scandinavian Actuarial Journal 2014, no. 1 (December 20, 2011): 58–71. http://dx.doi.org/10.1080/03461238.2011.636502.

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Wörner, Stefan, Boryana Racheva-Iotova, and Stoyan Stoyanov. "Modelling a Bio-Pharmaceutical Company as a Compound Option." IFAC Proceedings Volumes 34, no. 20 (September 2001): 231–36. http://dx.doi.org/10.1016/s1474-6670(17)33070-7.

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Краєвський, В. М., and Н. В. Параниця. "FINANCIAL SUSTAINABILITY MODELLING AND ESTIMATION OF THE PUBLIC JOINTSTOCK COMPANY «NATIONAL SHAREHOLDER COMPANY «NAFTOGAZ OF UKRAINE»." Економічний вісник. Серія: фінанси, облік, оподаткування, no. 3 (March 28, 2019): 110–17. http://dx.doi.org/10.33244/2617-5932.3.2019.110-117.

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The current stage of development of a public joint-stock company «National Joint-Stock Company «Naftogaz of Ukraine» is characterized by an increase of negative trends. The main retaining factors for the enterprise development are the complex economic and political situation in the country, the negative dynamics of the main macroeconomic indicators, the high cost of the UAH resource, and the dominant devaluation processes. One of the conditions for a stable fi nancial and economic development of the industrial enterprises is the proper management of the movement of their fi nancial resources. Consequently, in the case of consideration of the enterprise, it is necessary to proceed from the fact that the key role is played by continuous fi nancial processes, which should be understood as the sequence of tasks or procedures that collectively provide the completion of a particular production activity. The formation of a market fi nancial and credit system requires enterprises to increase the effi ciency of activities, competitiveness of petroleum products and services based on the implementation of scientifi c and technological progress, eff ective forms of management and management of the enterprise.

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Li, Xiangfei, Mohamed H. Nour, Daniel W. Smith, Ellie E. Prepas, Gordon Putz, and Brett M. Watson. "Incorporating water quantity and quality modelling into forest management." Forestry Chronicle 84, no. 3 (June 1, 2008): 338–48. http://dx.doi.org/10.5558/tfc84338-3.

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Under the authority of the Millar Western Forest Products Ltd. (MWFP) Forest Management Agreement, the company has the right to harvest trees, grow trees, manage the forest and plan activities that assure forest productivity and industry profitability without jeopardizing the quality of the environment. Thus, as part of obtaining provincial government approval, the company has to submit a Detailed Forest Management Plan that includes a comprehensive assessment of the environmental implications of forestry operations and the mitigation of impacts. Forest management planning for environmental sustainability will become more and more difficult with increased land use pressures from other industries, agriculture and recreation. Therefore, the planning process will require increasingly more sophisticated modelling tools to identify and avoid significant impacts. The Forest Watershed and Riparian Disturbance (FORWARD) project proposes a hybrid modelling tool that relies on inexpensive remote sensing data, with few ground truthing requirements, to model streamflow, suspended solids and nutrients in streams on the Boreal Plain. Incorporating modelling tools into the MWFP planning process provides MWFP additional strategies to operate in an environmentally sensitive manner. Thus, the company can maintain an allowable cut, while ensuring that ecological and physical values are considered. Key words: forest management and planning, modelling, artificial neural networks, SWAT, remote sensing, MODIS, GIS

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Badyda, Krzysztof, Wojciech Bujalski, Grzegorz Niewiński, and Michał Warchoł. "Selected issues related to heat storage tank modelling and optimisation aimed at forecasting its operation." Archives of Thermodynamics 32, no. 3 (December 1, 2011): 3–31. http://dx.doi.org/10.2478/v10173-011-0010-8.

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Selected issues related to heat storage tank modelling and optimisation aimed at forecasting its operation The paper presents results of research focused on modelling heat storage tank operation used for forecasting purposes. It presents selected issues related to mathematical modelling of heat storage tanks and related equipment and discusses solution process of the optimisation task. Presented detailed results were obtained during real-life industrial implementation of the optimisation process at the Siekierki combined heat and power (CHP) plant in Warsaw owned by Vattenfall Heat Poland S.A. (currently by Polish Oil & Gas Company - PGNiG SA) carried out by the Academic Research Centre of Power Industry and Environment Protection, Warsaw University of Technology in collaboration with Transition Technologies S.A. company.

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Amos, F., M. Ronnqvist, and G. Gill. "Modelling the Pooling Problem at the New Zealand Refining Company." Journal of the Operational Research Society 48, no. 8 (August 1997): 767. http://dx.doi.org/10.2307/3010703.

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Bansal, Ankit, Pravin Kumar, and Siddhant Issar. "Evaluation of a 3PL company: an approach of fuzzy modelling." International Journal of Advanced Operations Management 6, no. 2 (2014): 131. http://dx.doi.org/10.1504/ijaom.2014.061432.

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17

Chowdhury, Gopa, and David K. Miles. "Modelling companies’ debt and dividend decisions with company accounts data." Applied Economics 21, no. 11 (November 1989): 1483–508. http://dx.doi.org/10.1080/758516016.

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Daykin, C. D., and G. B. Hey. "Modelling the operations of a general insurance company by simulation." Journal of the Institute of Actuaries 116, no. 3 (December 1989): 639–62. http://dx.doi.org/10.1017/s002026810003674x.

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1.1 The traditional approach to examining the financial status of a company is to look at the balance sheet and the profit and loss account. Such information is usually publicly available, it is certified by the auditors as having been drawn up according to relevant accounting standards and it is generally presumed to communicate reliable information.1.2 In the case of a manufacturing or trading company the profit and loss account records purchases and sales and the balance sheet will include a valuation of stock in hand, since it is anticipated that this will give rise to future sales income. Working capital is required because products have to be manufactured or purchased before they can be sold. Profit is realized when the product is sold for more than it cost to buy it or to make it.

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Amos, F., M. Rönnqvist, and G. Gill. "Modelling the pooling problem at the New Zealand Refining Company." Journal of the Operational Research Society 48, no. 8 (August 1997): 767–78. http://dx.doi.org/10.1057/palgrave.jors.2600436.

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Sobotka, Anna. "Simulation modelling for logistics re-engineering in the construction company." Construction Management and Economics 18, no. 2 (March 2000): 183–95. http://dx.doi.org/10.1080/014461900370816.

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Amos, F., M. Rönnqvist, and G. Gill. "Modelling the pooling problem at the New Zealand Refining Company." Journal of the Operational Research Society 48, no. 8 (1997): 767–78. http://dx.doi.org/10.1038/sj.jors.2600436.

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Smagowicz, Justyna, Cezary Szwed, and Tomaž Berlec. "An Assortment–Quantity Optimization Problem in Printing Industry Using Simulation Modelling." Sustainability 16, no. 4 (February 19, 2024): 1693. http://dx.doi.org/10.3390/su16041693.

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This paper presents a method for assortment–quantity production scheduling in a printing company. The company uses specialized machinery to make prints on clothing. The method is based on a study of the company’s practical operations and the production technologies used. It involves the construction of simulation and optimization models of the process. The simulation models reflect the technical aspects of the production process and the business requirements. Optimization models provide solutions that balance product sales revenue with appropriate production schedules. On this basis, managers can make resource-balanced decisions on the implementation of selected production plans, taking into account the current economic conditions of the company. The experiments used the FlexSim simulation program (by FlexSim Software Products, Inc., Orem, UT 84097 USA; v. 20.1.3.1) and the OptQuest optimization package (embedded in FlexSim), resulting in a cost-effective solution in a short time. The proposed method, thanks to the optimization of the production program, provides savings in the use of materials for production, as well as water and energy savings in the production process. Thanks to the possibility of analyzing the process without interfering with it, provided by simulation modelling, the method practically eliminates the costs and time needed to prepare the execution of new production orders. This contributes to the sustainable development of the company and provides an opportunity to assess the impact of potential business decisions in the company prior to their implementation. The method has been directly applied in a company to improve its performance. The method is scalable and can be applied to problems of varying complexity and production systems of different types and sizes. This is especially true for small- and medium-sized companies that use discrete manufacturing in the textile, metal, and furniture industries.

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Janiszewski, Sławomir. "Principals of Financial Modelling." Foundations of Management 3, no. 2 (January 1, 2011): 75–88. http://dx.doi.org/10.2478/v10238-012-0043-6.

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Principals of Financial ModellingThe financial statements submitted by each company annually reflect their financial performance in the past but are also utilized to forecast the future results in quantitative and realistic frames. The aim of the following elaboration is to thoroughly research all the issues related to financial modelling. The author step by step introduces the reader with theoretical and practical assumptions related to forecasting of respectively, the profit & loss account, balance sheet account and cash flow statement. All of the issues are illustrated with excel spreadsheets that were prepared exclusively for this article purposes.

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Firdaus, Muhammad Romy, Fikri Muhammad Rizki, Favian Muhammad Gaus, and Indra Kusumajati Susanto. "Analisis Sentimen Dan Topic Modelling Dalam Aplikasi Ruangguru." J-SAKTI (Jurnal Sains Komputer dan Informatika) 4, no. 1 (March 30, 2020): 66. http://dx.doi.org/10.30645/j-sakti.v4i1.188.

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This study aims to determine and analyze responses regarding customer satisfaction Ruangguru Application to the learning space features in the Ruangguru Application at every level of education. This is useful to know the strengths and weaknesses of the Ruangguru Application based on sentiment responses from Ruangguru users. Ruangguru is an online tutoring startup and a technology-based educational content service and provider no. 1 in Indonesia. So of course, customer satisfaction is an important thing that is the goal of the company. So that when customer satisfaction is met, that is where the company can realize their goals. To see how the level of customer satisfaction, sentiment analysis methods and topic modeling are used in processing the data so that responses can be seen as to what is provided by the customer so that it can be an evaluation for the Ruangguru Application.

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Gamarnik, Igor A., and Ravil G. Akhmadeev. "MODELLING OF ECONOMIC PROCESSES: IMPACT ON INVESTMENT ATTRACTIVENESS AND TECHNOLOGICAL DEVELOPMENT OF THE COMPANY." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 4/1, no. 145 (2024): 118–25. http://dx.doi.org/10.36871/ek.up.p.r.2024.04.01.015.

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Economic-technological development model of a company that includes unique economic technology level indicator is considered in the article. The research of economic technology level model allowed to identify investment attractiveness of a project in the company, while in medium-term it allowed to identify additional reserves in order to expand investment programs. At the same time economic-technological company development model, that was investigated via the PJSC “Mosenergo” allowed to analyze current economic-technological production processes and to summarize means of production.

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Chorna, M., O. Shumilo, and H. Zabrodska. "The Innovative Model for the Formation of a Database Used to Assess a System of Economic Security of Retail Companies." Research in World Economy 10, no. 4 (December 22, 2019): 23. http://dx.doi.org/10.5430/rwe.v10n4p23.

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The article highlights topicality of an issue related to assessing economic security of retail companies, which face hazards and threats under contemporary unstable economic conditions, for making decisions concerning ensuring a high level of the economic security, efficiency, and sustainable development of a company in general. The authors have developed a model of forming a database for assessing economic security of retail companies using mathematical modelling in order to avoid difficulties in the process of forming the database. Application of mathematical methods enables to create the more informative database, which will be used to conduct a more thorough analysis. This allows to make effective managerial decisions regarding ensuring a high level of economic security of a retail company. A methodical tool of M. Pohozhykh and M. Safronova underlies the model of forming the database for assessing economic security of a retail company applying methods of mathematical modelling. The methodical tool consists in modelling an n-dimensional geometric shape, namely a n- dimensional parallelepiped, taking into account properties of the Euclidean space. The model of forming the database for conducting an assessment is an outcome of the scientific research.

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Dewi Aisha, Izmi, and Lili Ayu Wulandhari. "Topic prediction modelling on social media content using machine learning." Indonesian Journal of Electrical Engineering and Computer Science 33, no. 1 (January 1, 2024): 207. http://dx.doi.org/10.11591/ijeecs.v33.i1.pp207-217.

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<span>The simplicity to deliver an opinion about companies or institutions via social media has resulted in both positive and negative judgments. Through social media all positive and negative information will be easily found and spread. It is concerned that negative information will lead to negative public opinion. If this occurs, the company will suffer from a lack of trust, which will harm the company's reputation. Thus, to monitor uncontrolled issues, a company wants to know what topics or opinions are developing in the community. Therefore, the topic modelling using latent dirichlet allocation (LDA) is proposed to identify topics that are being discussed on social media. The findings of this study got the coherence score of 0.558 and based on the direct human judgment, the model got an average 80% correctly. The findings of this study reveal 4 topics groups that represent the corporate social media content. These findings offer information to companies about the latest topics or opinions that are currently developing in society which could provide recommendations related to decision-making on current issues thus increasing the trust and reliability towards the company.</span>

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Šperka, Roman, and Michal Halaška. "The impact of sales service in MAREA trading simulation under changing environment circumstances." Equilibrium 12, no. 2 (June 30, 2017): 355. http://dx.doi.org/10.24136/eq.v12i2.19.

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Research background: Managerial scientists use a lot of modelling techniques for business processes. In this paper we are focused on agent-based modelling and simulations, which emerged in the last two decades as a new approach. Autonomous and interacting intelligent agents are able to model and simulate complex systems in the business sphere. With the use of agent-based modelling and simulations we are able to understand how macro level outcomes are affected by micro level processes and vice versa.Purpose of the article: The purpose of the paper is to introduce recent development in the area of agent-based modelling and simulations focused on the business domain. Managers often have to make difficult decisions under the uncertainty and high risks. Agent-based modelling can provide powerful tools for lowering those risks through a possibility of running experiments, which is normally impossible in economics. In the second part we want to support the usefulness of agent-based simulations with our own simulations.Methods: The method used in this article is an agent-based simulation in a multi-agent system. We use a framework called MAREA. It is a simulation environment with integrated ERP system based on REA ontology. Our simulation model is based on a retail company that sells electronics. For simplicity, in our setup we trade with computer cables.Findings & Value added: In our simulations we experimented with the quality of sales service provided by company’s sales representatives. We investigated the impact of quality of sales service on company KPIs under the changing environment circumstances represented by disturbance agent. The quality of sales service is a part of quality of service and thus it affects the perception of brand and loyalty of customers towards the company. In our simulation setup we work with two types of customers, long-term customers and new ones. The result is that quality of sales service has mostly positive effects on company KPIs.

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Michalková, Mária, Ivana Pobočíková, and Zuzana Sedliačková. "Modelling the Electricity Consumption in a Manufacturing Company through Probability Distribution." MATEC Web of Conferences 357 (2022): 08004. http://dx.doi.org/10.1051/matecconf/202235708004.

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The paper deals with model of electricity consumption in a company providing hot and cold forming. As modelled data, there were used hourly records of electricity consumed in the manufacturing processes. The data covered working hours over a year. The probability distributions, chosen for modelling, were normal distribution, gamma distribution, logistic distribution, Weibull distribution and Rayleigh distribution. The goodness of fit of these distributions was judged based on the values of the information criteria (AIC, AICc and BIC), coefficient of determination (R2) and the root mean square error (RMSE). According to these criteria, the best fit was achieved by the two-parameter Weibull distribution.

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Nkemnole, Edesiri Bridget, and Ekene Nwaokoro. "Modelling Customer Relationships as Hidden Markov Chains." Path of Science 6, no. 11 (November 30, 2020): 5011–19. http://dx.doi.org/10.22178/pos.64-9.

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Models in behavioural relationship marketing suggest that relations between the customer and the company change over time as a result of the continuous encounter. Some theoretical models have been put forward concerning relationship marketing, both from the standpoints of consumer behaviour and empirical modelling. In addition to these, this study proposes the hidden Markov model (HMM) as a potential tool for assessing customer relationships. Specifically, the HMM is submitted via the framework of a Markov chain model to classify customers relationship dynamics of a telecommunication service company by using an experimental data set. We develop and estimate an HMM to relate the unobservable relationship states to the observed buying behaviour of the customers giving an appropriate classification of the customers into the relationship states. By merely accounting for the functional and unobserved heterogeneity with a two-state hidden Markov model and taking estimation into account via an optimal estimation method, the empirical results not only demonstrate the value of the proposed model in assessing the dynamics of a customer relationship over time but also gives the optimal marketing-mixed strategies in different customer state.

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Putra, Mochammad Adi Priyono, I. Gede Juliana Eka Putra, and I. Nyoman Yudi Anggara. "Rancang Bangun Sistem Informasi Pemesanan Custom Furniture pada CV. Adidewata Berbasis Website." Jurnal Teknik Industri Terintegrasi 6, no. 4 (October 30, 2023): 1466–82. http://dx.doi.org/10.31004/jutin.v6i4.21264.

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Custom furniture product ordering and sales handling that is still operated manually that makes customers have to come to the company for every custom furniture ordering, where the accumulation of data resulting in loss. Custom furniture ordering information systems are designed to promote sales strategies and enhance online product ordering which facilitates the company and customers in ordering and selling purchases. The method used to design this research system is Rapid Application Development (RAD) which is the process of business modelling, data modelling and process modeling, modeling implementation, application building, and testing. Website-based custom furniture ordering information system design using HTML, CSS, PHP, and MySQL database programming languages, the purpose of the creation of this information system to facilitate customers who no longer have to come to the company to order, buy, view product information, as well as facilitate payment, and ordering and selling product data is organized in the system.

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Lyulyov, Oleksii, Aleksy Kwilinski, Tetyana Pimonenko, Yana Us, and Olena Korobets. "The role of environmental risk management in company profitability within sustainable development goals." E3S Web of Conferences 456 (2023): 05003. http://dx.doi.org/10.1051/e3sconf/202345605003.

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Abstract. This research aims to investigate the impact of enterprise resource planning (ERP) management systems on the environmental and financial performance of Ukrainian companies. To attain the paper’s goal, this study is carried out in the following logical sequence: 1) Analysing the multifaceted role of ERP systems in modern business frameworks, including their capacity to manage stakeholder conflicts and mitigate environmental risks. 2) Empirically testing the hypothesis through a sophisticated partial least squares structural equation modelling (PLS-SEM) model, highlighting the mediating role of stakeholder influence on environmentally oriented activities. The application of structural modelling tools and PLS-SEM techniques has revealed a statistically significant positive correlation between ERP management system efficiency and company profitability (impact strength = 0.497). Since all indicators of’stakeholder influence intensity on environmentally oriented company activities’ have a statistically significant influence at the 1% level, the establishment of goals for environmentally oriented company development and the corresponding ERP management system should consider the interests of all company stakeholders. The research results can be helpful for policymakers and businesses seeking to promote ERP adoption for environmental sustainability, enhance transparency, and achieve a synergistic effect between environmental objectives and profitability.

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Shella Kriekhoff. "DESIGN OF RETRIBUTION ACCOUNTING INFORMATION SYSTEMS IN MARDIKA MARKET." Brilliant International Journal Of Management And Tourism 3, no. 1 (February 10, 2023): 218–29. http://dx.doi.org/10.55606/bijmt.v3i1.1747.

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The goal of this study is to create a web-based payment accounting information system that meets the needs of the Ambon Mardika Market Company in order to overcome the shortcomings of the manual registration system. This is a developmental study utilising a qualitative methodology. The research subject is the market payment information system, and the research aim is the Mardika Market Company. Data is gathered through interviews, documentation, and observation. The system development life cycle is used in this study, with the steps of system analysis, system requirements analysis, and system feasibility analysis. Database modelling with database tables, process modelling with flowcharts, and user interface modelling with form design, input design, and output design are all part of system design. Design of a sales accounting information system using MySQL and PHP software. The new architecture is believed to enable more automatic and precise recording and computation, hence supporting the Mardika Regional Market Company's performance continuity.

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Wang, Xiong, Shuanghong Zhou, and Wenqian Fang. "The Relations between QFII Holdings and Company Performance: Evidence from China’s A-Share Listed Companies." Discrete Dynamics in Nature and Society 2014 (2014): 1–9. http://dx.doi.org/10.1155/2014/821463.

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In order to investigate the relations between qualified foreign institutional investors (QFII) holdings and the performance of the A-share listed companies and effectively distinguish between QFIIs’ ability to identify value companies and their ability to enhance company value, this paper empirically examines the relations between QFII holdings and company performance using Chinese annual report data from 2010 to 2012. The results show that QFIIs have strong ability in identifying value companies. However, the effect of QFII holdings on company performance improvement is mainly manifested in the short term, and the long-term effect is insignificant. In the long run, QFIIs may not be considered as “value boosters,” implying that it is unlikely for QFIIs to greatly enhance company value and help the invested companies to improve the level of governance and their long-term performance.

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Rashid, S., T. Masood, and R. H. Weston. "Unified modelling in support of organization design and change." Proceedings of the Institution of Mechanical Engineers, Part B: Journal of Engineering Manufacture 223, no. 8 (April 24, 2009): 1055–79. http://dx.doi.org/10.1243/09544054jem1181.

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The aim of this research is to provide a unified modelling-based method to help with the evaluation of organization design and change decisions. Relevant literature regarding model-driven organization design and change is described. This helps identify the requirements for a new modelling methodology. Such a methodology is developed and described. The three phases of the developed method include the following. First, the use of CIMOSA-based multi-perspective enterprise modelling to understand and capture the most enduring characteristics of process-oriented organizations and externalize various types of requirement knowledge about any target organization. Second, the use of causal loop diagrams to identify dynamic causal impacts and effects related to the issues and constraints on the organization under study. Third, the use of simulation modelling to quantify the effects of each issue in terms of organizational performance. The design and case study application of a unified modelling method based on CIMOSA (computer integrated manufacturing open systems architecture) enterprise modelling, causal loop diagrams, and simulation modelling, is explored to illustrate its potential to support systematic organization design and change. Further application of the proposed methodology in various company and industry sectors, especially in manufacturing sectors, would be helpful to illustrate complementary uses and relative benefits and drawbacks of the methodology in different types of organization. The proposed unified modelling-based method provides a systematic way of enabling key aspects of organization design and change. The case company, its relevant data, and developed models help to explore and validate the proposed method. The application of CIMOSA-based unified modelling method and integrated application of these three modelling techniques within a single solution space constitutes an advance on previous best practice. Also, the purpose and application domain of the proposed method offers an addition to knowledge.

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Bakytbek, B., and A. Bektembayeva. "MODELLING, RECOMMENDATION AND ANALISYS OF DEMAND PLANNING IN FMCG." Herald of Kazakh-British technical university 18, no. 4 (December 1, 2021): 20–25. http://dx.doi.org/10.55452/1998-6688-2021-18-4-20-25.

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Most of the fast-moving consumer goods companies (FMCG) have two main targets in order to become successful on the market. First, it is profit maximization and the second one is cost optimization or minimization. If the company can hold those two key performance indicator (KPIs) in balance, it has all the odds to be competitive and successful in the field of operation. Supply Chain (SC) team and in particular Demand planning (DP) plays a crucial role in achieving those targets mentioned above with help of recommendation modelling systems. Demand planning team are those who can translate business needs into meaningful and measurable numbers for Supply Chain keeping healthy inventory level and delivering the goods that needed with the best freshness and availability possible. Further, we will describe and analyze how to achieve better results vs. current solutions on specific company called PepsiCo via modelling and analyzing Demand Planning in FMCG sector overall.

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Martínez-Muñoz, Enrique, Arturo Sánchez-Sánchez, and Cruz García-Lirios. "Modelling Organizational Violence in the Covid-19 Era." Neuroscience and Neurological Surgery 11, no. 3 (February 21, 2022): 01–06. http://dx.doi.org/10.31579/2578-8868/194.

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In the context of organizations and their relationship with the increasingly competitive environment, leaders have been pressured to establish control systems in which the differences between employees are exacerbated since, in the absence of labor competencies, these are They are intended to substitute for acts of loyalty to the company that lead to violence towards those who are the culprits of poor performance or are not seen as part of a working group. This is how organizational violence is justified within collaborative teams, as would be the case of Higher Education Institutions where the phenomenon is exacerbated with the emergence of electronic technologies, devices, and networks. The objective of this study was to establish the reliability and validity of an instrument that measures organizational violence. A non-experimental, cross-sectional, and confirmatory study was carried out with a non- probabilistic selection of 100 students from a public university in central Mexico. The results in general show that organizational violence would be made up of eight factors such as: prejudice, depersonalization, benevolence, harassment, subjugation, objectification, stigma, and harassment, which show the limits of the study and guidelines of research concerning equity.

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Permatasari, Anggraeni, and Wawan Dhewanto. "Business Model Innovation towards Competitive Advantage: Case Study in Indonesian Cosmetics and Herbal Health Companies." Information Management and Business Review 5, no. 8 (August 30, 2013): 385–93. http://dx.doi.org/10.22610/imbr.v5i8.1066.

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The dynamic changes in business environment make competition among company more tightly in the global market. This situation makes each company prepared innovation strategies to win global market competition. This research examined innovation strategies in two biggest cosmetic and herbal health companies in Indonesia. The author used case study with exploratory approach to find out how company developing innovation strategies and what factors that influence company in formulating those strategies. The author used canvas business modelling for analysis data. Data collection used secondary data which gained through the company profile and literatures review. This result indicates that innovation in value proposition, customer segments and key partners has become solution in helping cosmetic and herbal health industry strives to survive and be ready to face global business challenges.

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Et.al, Ovais Ahmed R. "Measuring ERP System Success: Success Indicators and Structural Equation Modelling Approach." Turkish Journal of Computer and Mathematics Education (TURCOMAT) 12, no. 3 (April 10, 2021): 3736–46. http://dx.doi.org/10.17762/turcomat.v12i3.1656.

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The study aims to analyse the system success of ERP Systems functioning at a leading Coal Producer Company in Odisha. The study is divided into two parts in the first part universal success indicators from the literature of ERP success measurement will be tested using factor analysis. In the second part of the study how factors influencing the success of ERP systems will be analysed using the updated G.Gable model by Princely Ifinedo. Data will be collected regarding 27 success indicators through a structured questionnaire from the end-users of ERP systems working at a Leading Coal Producer Company in Odisha. The sample size will be 330 i.e., at Confidence Level of 95(Ninety-Five)% and Confidence Interval of 5(Five)% for a total end-user population of 3300. A hypothesis is formulated and data analysis will be conducted by SPSS for Factor analysis and AMOS for SEM. The result obtain will show that whether success indicators are present or absent in the ERP Systems working at Leading Coal Producer Company in Odisha. Based on the presence or absence of success indicators through the data received from the end-users we can clearly say that whether ERP Systems implemented has served its purpose fully or partially

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Davies, Muriel, and Stéphanie Buisine. "Modelling and Measuring Innovation Culture." European Conference on Management Leadership and Governance 18, no. 1 (November 4, 2022): 114–21. http://dx.doi.org/10.34190/ecmlg.18.1.805.

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We aim to provide a conceptual model of innovation culture in organizations and build a survey tool to measure it. Innovation management focuses often on formalized processes whereas unwritten rules related to organizational culture are also a major factor for innovation and firms’ performance. We first position the role of culture with regard to innovation processes, then provide a model of innovation culture relying on five branches (External links, Teams, Organizational context, Individuals, and Leaders). Following the elaboration of this model called ETOILe, we address the issue of measuring it. In this paper, we focus on the less-known components such as External Links and design an ad hoc questionnaire. The validation study is performed through a laboratory test with 115 professional participants followed by reliability analysis of data and principal components analysis. The results of the study enabled us to refine the diagnosis tool as well as the underlying model of innovation culture. The current version includes four branches (Team, Organization, Individuals, Leaders) and ten sub-dimensions including promotion and prevention regulatory focus, managerial practices, discovery and delivery skills, etc. Because of its implicitness and intangibility, culture is often disregarded in the analysis of key ingredients of firms’ performance. Our model of innovation culture gathering such unwritten rules contributes to understanding why innovation is so natural and efficient in some companies, and why it is sometimes painful, despite robust managerial structure and methodological processes. Finally, we provide a diagnosis tool intended for all hierarchical levels of the organization, and not only for managerial staff. Our model and tool could be used at several levels: at the company’s level to grasp the overall cultural profile, at the department or team level to assess differences in innovation culture between subdivisions in a given company, and at a trans-company level to characterize cultural differences associated to business sectors (e.g., manufacturing sector, consulting sector, retail sector).

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Pettere, Gaida. "Stochastic modelling of insurance liabilities." Acta et Commentationes Universitatis Tartuensis de Mathematica 13 (December 31, 2009): 25–35. http://dx.doi.org/10.12697/acutm.2009.13.03.

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Our aim is to present a method for estimating incurred but not reported (IBNR) claim reserves. Each claim is described by threecharacteristics: the claim size, the allocated loss adjusted expense and the development time. We concentrate on the joint study of all three random variables. First, the marginal univariate distributions are estimated using families of lognormal, Pareto, Wald and Gamma distributions. Next, the matrix of dependence characteristics is found between the three variables and then different multivariate copulas are used to model the joint distribution. The obtained models are fitted to the real data of motor liability insurance of a Latvian insurance company. By simulation the average claim size and allocated loss adjustment expenses in each development day have been estimated. Finally, outstanding claim reserve has been estimated.

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Kuzmenko, Oleksandra, and Maryna Chyzhevska. "Agricultural enterprise economic security systems modelling." Scientific Horizons 27, no. 3 (January 11, 2024): 143–53. http://dx.doi.org/10.48077/scihor3.2024.143.

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The research relevance was determined by the current conditions of economic instability and the growing influence of external factors on the economic activities of enterprises, understanding and effective management of economic security issues is becoming extremely important for ensuring the sustainability of agricultural enterprises. The study aimed to provide a comprehensive analysis of the economic security of an agricultural enterprise, focusing on identifying key aspects and their impact on the sustainability and viability of the enterprise. The study employed an analytical method, statistical method, functional method, system analysis method, deduction method, synthesis method and comparison method. This study focuses on the economic security of agricultural enterprises, considering the complex aspects of efficiency, risk protection and the ability to adapt to changes in the economic environment. The study defines economic security as a systematic approach to risk management and sustainability. Particular attention is devoted to responding to changes in the external environment, such as price fluctuations, climate anomalies and global market trends. Theoretical models, such as the risk system model, effective resource management, innovative development, and global competitiveness, which determine various aspects of economic security, were considered. The study focuses on the financial condition of the agricultural company Kernel, which proved to be dynamic and ambiguous in 2020-2023. The analysis includes factors such as the impact of geopolitical events and economic instability due to the war. The company implements strategies for global competitiveness, demonstrating flexibility, innovation, and diversification to ensure sustainability. Strategies are proposed to expand production diversification, improve risk management, and use innovative technologies to adapt to climate change. The practical application of this study lies in the possibility of using the results and recommendations developed on their basis to improve the economic security systems of agricultural enterprises

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Runje, B., J. Stepanic, and M. Mihaljevic. "Simulation Modelling of a Company Providing Two Qualitatively Different Services to Market." International Journal of Simulation Modelling 15, no. 3 (September 15, 2016): 473–84. http://dx.doi.org/10.2507/ijsimm15(3)7.349.

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Wang, Chia-Nan, Zhao-Hong Cheng, Nguyen Ky Phuc Phan, and Van Thanh Nguyen. "Scheduling Optimization Modelling: A Case Study of a Woven Label Manufacturing Company." Computer Systems Science and Engineering 38, no. 2 (2021): 239–49. http://dx.doi.org/10.32604/csse.2021.016578.

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Hatswell, Anthony J., and Fleur Chandler. "Sharing is Caring: The Case for Company-Level Collaboration in Pharmacoeconomic Modelling." PharmacoEconomics 35, no. 8 (May 20, 2017): 755–57. http://dx.doi.org/10.1007/s40273-017-0516-2.

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Cherep, A., O. Cherep, I. Kisilyova, and Yu Shvets. "MODELLING OF INSURANCE COVERAGE CONTINUITY PROVIDING IN MINING INDUSTRY IN CRISIS." Financial and credit activity: problems of theory and practice 2, no. 37 (April 30, 2021): 287–97. http://dx.doi.org/10.18371/fcaptp.v2i37.230263.

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BANKRUPTCY PROBABILITY MODELLING OF INSURANCE COMPANIES IN CRISIS Abstract. To develop scientific and methodological foundations, for creating an dynamic mathematical model of insurance company solvency (bankruptcy probability) considering interest rate and inflation ratio. The study used the general scientific and special methods such as: the method of critical analysis, scientific abstraction and generalization of scientific expertise of recent theoretical studies, system-integrated approach, method of dynamic mathematical modeling. Elaboration of dynamic mathematical model of bankruptcy probability modelling considering inflation (as inflation has negative impact on all aspects of insurance business including insurance reserves) and rate of interest. The peculiarities of insurance companies investment activity have been defined. The estimation of insurance premium that ensures abequate insurance fund value formation, i.e. insurance company solvency formation has been performed. Insurance tariff and supplement value correspondent to defined probability of insurance company bankruptcy have been defined. Methodological approaches of insurance companies solvency (bankruptcy probability) modelling were further developed. The dynamic mathematical model of bankruptcy probability considering inflation and rate of interest has been proposed. Theoretical study was developed to the level of specific techniques and suggestions for improvement of the estimation and prognozing of insurance companies solvency and could be used in strategic, current and operational planning. A comprehensive methodology of supplement estimation allows to respond to the changing market situation by changing the values of insurance tariffs. Keywords: insurance organization, dynamic model, probability of bankruptcy, inflation, rate of interest. JEL Сlassification C15, G22, L6, H12 Formulas: 36; fig.: 0; tabl.: 0; bibl.: 12.

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Šrekl, Jože. "Occupational safety modelling." Sigurnost 64, no. 2 (July 6, 2022): 143–49. http://dx.doi.org/10.31306/s.64.2.3.

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The traditional theory of occupational safety has played an important role in promoting the development of occupational safety. Its use effectively reduced the number of casualties and saved thousands of lives. However, it turned out that the "margin effect" has become more and more obvious. World statistics show that the number of accidents at the workplace has dropped to a certain level and can no longer be reduced to zero. This means that it is necessary to search for new methods in theory that would help reduce the number of accidents. A review of recent articles in this field shows us new trends in the development of safety and safety at work. The Chinese study looked at the benefits of the Job Safety Analysis (JSA) in the construction industry. Safety-Related Data (SRDs) are important factors for making Safety Decision-Making (SDM) in a company. A systematic approach to risk assessment in the field of occupational safety and health is linked to a new process for identifying risk factors together with weighing the influence of these risk factors. For the weight of the factors in adverse events, a multi-criteria model is used to analyze the analytical hierarchy. Using appropriate Big Data processing, we can achieve more efficient forecasting of crisis events that lead to accidents at work.

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Swate, Khelina, Goodwell Muyengwa, and Yvonie N. Mawane. "Modelling and Simulation of a Shearcut Process Flow at a Steel Processing Company." MATEC Web of Conferences 312 (2020): 05003. http://dx.doi.org/10.1051/matecconf/202031205003.

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Modelling and simulation of industrial systems have become a conventional method for productivity improvement through optimizing design, operation, performance and troubleshooting. This paper analyses the current Shearcut process flow through modelling and simulation. A case study research was undertaken at a steel processing company that transform steel coils into sheets, plates, slits, tubes, blanks and various roofing products. Two models were created using Arena software. The models were a representation of the process flow found in the Shearcut warehouse. The first model was developed from data obtained from production records and time studies that were carried out on some of the operations. Bottleneck stations and non-value adding operations were identified. The second model was created with some improvements that included reduced non-value adding times. Results from the second model had an improved output. This paper contributes to the use of computer simulation as a tool to improve productivity.

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Alves, Jorge Lino, and Selma Regina Martins Oliveira. "Model for technological innovation integration and new product development in firms under innovation discontinuities." Global Journal of Information Technology: Emerging Technologies 10, no. 2 (October 30, 2020): 72–80. http://dx.doi.org/10.18844/gjit.v10i2.4706.

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This article aims to contribute to a new planning policy in the development of innovative products. To do so, it presents a new modelling proposal to integrate technological innovation and new product development in a company of the traditional pewter sector in Portugal, under innovation discontinuities, carried out according to the following stages: Phase 1: Modelling of the information needs in product development process; Phase 2: Determining of technology integration dimensions to the product; and Phase 3: Evaluating the performance of technology integration dimensions to the product. A case study was conducted in a company of traditional tin sector in Portugal. The investigation was helped by the intervention of specialists. In order to reduce the subjectivity in the obtained results, the methods of Categorical Judgment Law, Artificial Neural Networks, the multi-criteria Electre III methods, compromised programming and Promethee II, multivariate analysis and the neuro fuzzy technology were used. The results were satisfactory, validating the present proposal. Keywords: Modelling proposal, planning, integration, technological innovation, new product development, traditional pewter sector.

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Nur Aiman Hanis Hasim, Suriati Akmal, Sayed Kushairi Sayed Nordin, Ruzy Haryati Hambali, Mohd Fauzi Mamat, Abdulla Thamer Jumma Aldharif Alshamsi, and Supawi Pawenang. "Modelling Total Quality Management in the Malaysian Composite Manufacturing Industry." Malaysian Journal on Composites Science and Manufacturing 7, no. 1 (March 31, 2022): 11–22. http://dx.doi.org/10.37934/mjcsm.7.1.1122.

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This paper investigates the enabler factors of total quality management (TQM) practices for a composite manufacturing company in Melaka, Malaysia. Leadership (L), training and education (TE), supplier management (SM), customer focus (CF), benchmarking (B), continuous improvement (CI), employee relations (ER), and strategic planning (SP) were considered in this paper. They are the critical TQM elements that influence TQM processes (Y). A questionnaire was used to collect data from 27 employees of a composite manufacturing company in Melaka, Malaysia and analyzed using multiple regression analysis. Five out of the eight hypotheses positively fit with the conceptual model and show a positive effect of TQM practices. The research findings indicate that enabler factors, namely leadership (L), continuous improvement (CI), supplier management (SM), benchmarking (B) and strategic planning (SP), have positive and significant effects on successful TQM practices. This study would benefit managers significantly to increase strategic planning, supply chain management, and benchmarking through TQM practices.

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Journal articles on the topic 'Company modelling'

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