342 research outputs found
Profitability as a business goal: the multicriteria approach to the ranking of the five largest Croatian banks
Background: The ranking of commercial banks is usually based on using a single criterion, the size of assets or income. A multicriteria approach allows a more complex analysis of their business efficiency. Objectives: This paper proposes the ranking of banks based on six financial criteria using a multicriteria approach implementing a goal programming model. The criteria are classified into three basic groups: profitability, credit risk and solvency. Methods/Approach: Business performance is evaluated using a score for each bank, calculated as the weighted sum of relative values of individual indicators. Results: In the process of solving the corresponding goal programming problem, the weights are calculated. It is assumed that the goal of each bank is the highest profitability. Because of the market competition among banks, the weights of indicators depend on the performance of each bank. This method is applied to the five biggest Croatian banks (ZABA, PBZ, ERSTE, RBA and HYPO). Conclusion: For the observed period (2010), the highest priority is given to profitability and then to credit risk. The ranking is achieved by using a multicriteria model
Design of a decision support system for multiobjective activity planning and programming using global bacteria optimization
The success of any project lies in a great manner on keeping costs in the estimated values, as well as meeting customer required due date. Therefore, there is a current need of developing an information system that facilitates the creation and managing of projects and their processes, including costing schemes, as well as monitoring an optimizing project’s makespan. In order to address this situation a user-friendly information system (IS) was developed. This IS includes an optimization module that reduces the project’s execution time, thus, minimizing costs and ultimately providing the manager with the right tools for the correct development of the project. Therefore, a better planning of activities in a reduced time is accomplished. In this way, the project manager is equipped with a decision support system (DSS) that allows a better decision making and, thanks to this performance optimization, a cost-effective solution can be delivered to the company. The optimization module is the main innovative component in this IS, considering that addresses the problem as a multiobjective one, considering at the same time makespan and cost. This module is based on global bacteria optimization (GBO). This becomes the most relevant improvement when compared to other ISs in the market
Low-cost housing: A cost management model for process integration and evaluation
Effective cost management is a vital requisite for successful Low-cost housing
projects (LHPs) management and delivery. Whilst several attempts have been
made to develop appropriate structured models for cost management practice,
many of these models are fragmented and do not capture a holistic representation
of the system components or their interrelationships in LHP settings. Moreover,
these models are predominantly descriptive by nature – only identifying the
components of cost management and not how they can be implemented within
LHP settings. This research adopts an explicit sequential mixed research design
to develop a bespoke LHP cost management model for process integration and
evaluation in Nigeria. This identifies the structures and interrelationships needed
to conceptualise and implement cost management practice effectively. Research
findings highlight eight important techniques. These include target costing,
approximate estimating, site meetings, Earned Value Analysis, on-site resource
control, cash flow analysis, cost reporting and cost aggregation. However, it also
needs to be acknowledged that it is important also to have: a well-developed
client brief; detailed project designs and accompanying specifications; effective
project planning and supervision; and competent teams (client and contractor) to
discharge responsibilities. The importance of early contractor involvement was
also seen as a core lever for success throughout the pre-design, design, and
construction stages of LHP. The resulting model standardises cost management
practice to provide a systematic ‘blueprint’ beneficial to project managers, cost
managers and project management teams in evaluating and managing CMS
processes more effectively in LHP settings. It is expected that the project
department in Housing agencies adopts this model as a requirement for cost
management practice in LHPs in Nigeria
NPM Reforms in Napoleonic Countries: A Comparative Study of Management Accounting Innovations in Greek and Italian Municipalities
his is a comparative study of the rationale and effects of management accounting innovations in Greek and Italian municipalities, as part of the NPM reform in the public sector. This article aims to understand the extent of adoption of accounting innovations in Greek and Italian municipalities, and the factors affecting the specific techniques in use. The study reports on a survey based on medium-sized and large Italian and Greek municipalities, targeted at public municipalities’ accountants, the users of accounting techniques. The study identifies the intended purposes of NPM reform and, particularly, management accounting innovations, analyzes a set of factors that affect the implementation of management accounting technologies, and discusses determinants and features of such innovation on a comparative perspective
Avaliação de desempenho econômico-financeiro dos serviços de saúde: os reflexos das políticas operacionais no setor hospitalar
Associação entre sistema de incentivos gerenciais e práticas de contabilidade gerencial
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