Distribution of Articles published per year
(2007 - 2017)
(2007 - 2017)
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PROCEEDINGS-ARTICLE 0 Reads 0 Citations Reliability as Main Factor for Future Value Creation Published: 11 May 2017
Proceedings of 5th International Scientific Conference Contemporary Issues in Business, Management and Education ‘2017, doi: 10.3846/cbme.2017.075
The main objective of the paper is to present the solution to the problem of possibilities’ reliability management, which is an important problem of uncertainty (risk) economics. Also, the paper aims to propose adequate methods of stochastic optimization and reveal their broad implementation possibilities. Along with that, the concept of utility function is being disclosed, when we take into account not only the possibilities of prices and costs, but also their reliability, in order to achieve the highest value added in this process. The original methods of stochastic optimization are used, while searching for the optimal allocation of invested capital among the investment assets. Adequate investment portfolio is treated as theoretically sound and practically effective instrument for investment decision-making in capital and currency markets, as well as for other problems related with optimal resource allocation. The adequate portfolio supplements the modern portfolio by adding the third portfolio parameter – the reliability of return. Also, the utility function based on return, reliability and risk is used to find the optimal investment possibility for particular investor. The formed portfolio solutions were tested in the markets of NYSE, UK and France.
Article 0 Reads 0 Citations Efficiency of Energy Consumption as a Base for Sustainable Energy Sector Published: 20 June 2016
Business: Theory and Practice, doi: 10.3846/btp.2016.602
Lithuania, as many other EU countries, encounters key challenges in three energy sector fields: energy independence, energy sector competitiveness and sustainable energy sector development. Such situation is determined by historical and political conditions, as well as by limited internal energy resources. In such context an importance of energy consumption efficiency pursuing country energy sector sustainability is highlighted. By implementing the long-term goals and tasks a country may seek to increase the efficiency of energy production, distribution and consumption, as well as to increase energy production from renewable and waste energy sources. The main objective of the paper is to analyze the efficiency of energy consumption, the factors influencing energy sector competitiveness and sustainability, and to assess the development soundness of the use of renewable energy sources in Lithuania. The paper discusses the main EU legal documents and their provisions regulating energy sector, analyze energy production and consumption efficiency data in Lithuania and reveal the economic effect of the use of renewable energy sources in Lithuania.
Article 0 Reads 0 Citations Operational Risk Assessment and Management in Small and Medium-sized Enterprises Published: 30 June 2015
Business: Theory and Practice, doi: 10.3846/btp.2015.568
Modern organizations have raised a need to actively and quickly react to the changes in external business environment, as well as in internal processes considering not only the present situation, but also evaluating possible changes and forecasting the future. Enterprise risk assessment and management, which is strongly related with foreseeing the uncertain future, becomes topical not only scientifically, but also practically seeking to reveal new and unique solutions. Operational risk management in small and medium enterprises, creating the largest part of value added in the whole European Union, demands a separate attention and coordinated decisions and means. The objective of the paper – to analyse the process of enterprise risk management in small and medium-sized enterprises, as well as to propose adequate risk management solutions for these companies. After performing a research, it was found out that small and medium enterprises more than big organizations require a risk management strategy and methodology, need to distinguish activity objectives and events influencing them, and they can efficiently apply a risk portfolio method to manage risk. In small and medium enterprises it is recommended to incorporate a risk management system based on COSO ERM model that can be modified depending on company needs and possibilities, turning it into less formal and structured and easily applicable.
Article 0 Reads 1 Citation Universally Sustainable Development Strategy for a Small Country: A Systemic Decision Published: 18 December 2014
Engineering Economics, doi: 10.5755/j01.ee.25.5.3797
BOOK-CHAPTER 4 Reads 0 Citations Integral KNIT Cluster as a Source of Development Factors and Technological Frame for the Realization of Country Developm... Published: 08 November 2014
Lecture Notes in Electrical Engineering, doi: 10.1007/978-3-319-06764-3_67
DATASET 0 Reads 0 Citations Entrepreneurship Portfolio Construction and Management Published: 27 January 2014
PsycEXTRA Dataset, doi: 10.1037/e605342012-010