Possibilities of Implementation of the ABC-Method (Activity-Based Costing) in the enterprises of the steel industry in Romania

This article deals with the possibilities of implementation of the Activity-Based Costing method in the enterprises of the steel industry in Romania starting from the analysis of the particularity of this branch. Those factors are highlighted, on which the successful implementation of the ABC method worldwide is based. Four main stages of implementation of the ABC-system within the enterprises of the steel industry in Romania are proposed and the authors’conclusion in this respect is presented.Activity-Based Costing; steel industry; implementation; project; production.

Transparency in financial statements (IAS/IFRS)

The provision of transparent and useful information on market participants and their transaction is essential for an orderly and efficient market, and it is one of the most important preconditions for imposing market discipline. Left to themselves, markets may not generate sufficient levels of disclosure. Market forces would normally balance the marginal benefits and marginal costs of additional information disclosure and the end result may not be what the market participants really need.peer-reviewe

Antifragility Analysis and Measurement Framework for Systems of Systems

The twenty-first century is defined by the social and technical hazards we face. A hazardous situation is a condition, or event, that threatens the well-being of people, organizations, societies, environments, and property. The most extreme of the hazards are considered X-Events and are an exogenous source of extreme stress to a system. X-Events can also be the unintended outputs of a system with both positive (serendipitous) and negative (catastrophic) consequences. Systems can vary in their ability to withstand these stress events. This ability exists on a continuum of fragility that ranges from fragile (degrading with stress), to robust (unchanged by stress), to antifragile (improving with stress). The state of the art does not include a method for analyzing or measuring fragility. Given that what we measure we will improve, the absence of a measurement approach limits the effectiveness of governance in making our systems less fragile and more robust if not antifragile. The authors present an antifragile system simulation model, and propose a framework for analyzing and measuring antifragility based on system of systems concepts. The framework reduces a multidimensional concept of fragility into a two-dimensional continuous interval scale

Learning by Doing - Energy Systems Management

Climate change concerns have confronted energy policy makers by unprecedented challenges in the 21st century. Revolution of renewable energy technologies, as well as more efficient energy systems, has been promising in the context of global warming. However, these technologies are not maturing and chaning. Consequently planning for development of these resources requires dealing with various multidisciplinary research questions such as financial feasibility of renewable energy projects. Nevertheless, there is considerable lack of education programs offering multidisciplinary approach for addressing the current energy challenges. Based on the 21st evolving energy landscape, an interdisciplinary graduate certificate course work was designed at Old Dominion University (ODU) in the Engineering Management & Systems Engineering Department. Likewise other engineering departments at ODU, this course was conducted through a hands on approach, by teaching updated decision making and project management tools and encouraging students use them in the real world problem. RETScreen software, which is a clean energy decision-making tool, was taught to the students and a photovoltaic project which was done at ODU, analyzed as students final project work. In this paper, we are going to summarize the results and conclusion of that project as learning by doing approach in our educational system

Resilience Quantification and Its Application to a Residential Building Subject to Hurricane Winds

In order to overcome negative consequences of a disaster, buildings and infrastructures need to be resilient. After a disaster occurs, they must get back to their normal operations as quickly as possible. Buildings and infrastructures should incorporate both pre-event (preparedness and mitigation) and post-event (response and recovery) resilience activities to minimize negative effects of a disaster. Quantitative approaches for measuring resilience for buildings and infrastructures need to be developed. A proposed methodology for quantification of resilience of a given building type based on different hurricane categories is presented. The formulation for the resilience quantification is based on a model embedding several distinct parameters (for example, structural loss ratios, conditional probabilities of exceeding for damage states, estimated and actual recovery times, wind speed probability). The proposed resilience formulation is applied to a residential building type selected from HAZUS.(i) Numerical results of resilience for the selected residential building type against Category 1, 2, and 3 hurricanes are presented in a dashboard representation. Resilience performance indicators between different types of buildings, which are identical except for their roof types, have been evaluated in order to present applicability of the proposed methodology

The Space Infrastructure Vulnerability Cadastre: Orbital Debris Critical Loads

Orbital debris from over 50 years of human activity in space are threatening the operations of existing and future satellites and the sustainability of high-value satellite orbits. This technical memorandum calls for the development of a cadastre that depicts the vulnerability of critical satellite orbits to accumulating orbital debris. A space infrastructure vulnerability cadastre could serve as a governance tool for use by developers and operators of critical space infrastructures to better communicate the current and future vulnerability of high-value orbits to the accumulation of orbital debris. These high-value orbits are susceptible to loss for decades or centuries if generation of orbital debris continues unabated. The concept of environmental critical loads is applied to heavily used orbits as a way to indicate acceptable debris density for satellite operations, and when debris density / risk thresholds approach unacceptable levels that reduce the probability of sustaining spacecraft operations in those orbits

In vivo dark-field reflection-mode photoacoustic microscopy

Reflection-mode photoacoustic microscopy with dark-field laser pulse illumination and high-numerical-aperture ultrasonic detection is designed and implemented in noninvasively imaged blood vessels in the skin in vivo. Dark-field optical illumination minimizes the interference caused by strong photoacoustic signals from superficial structures. A high-numerical-aperture acoustic lens provides high lateral resolution, 45–120μm in this system. A broadband ultrasonic detection system provides high axial resolution, estimated to be ∼15μm. The optical illumination and ultrasonic detection are in a coaxial confocal configuration for optimal image quality. The system is capable of imaging optical-absorption contrast as deep as 3mm in biological tissue

Handling Emergency Management in [an] Object Oriented Modeling Environment

It has been understood that protection of a nation from extreme disasters is a challenging task. Impacts of extreme disasters on a nation's critical infrastructures, economy and society could be devastating. A protection plan itself would not be sufficient when a disaster strikes. Hence, there is a need for a holistic approach to establish more resilient infrastructures to withstand extreme disasters. A resilient infrastructure can be defined as a system or facility that is able to withstand damage, but if affected, can be readily and cost-effectively restored. The key issue to establish resilient infrastructures is to incorporate existing protection plans with comprehensive preparedness actions to respond, recover and restore as quickly as possible, and to minimize extreme disaster impacts. Although national organizations will respond to a disaster, extreme disasters need to be handled mostly by local emergency management departments. Since emergency management departments have to deal with complex systems, they have to have a manageable plan and efficient organizational structures to coordinate all these systems. A strong organizational structure is the key in responding fast before and during disasters, and recovering quickly after disasters. In this study, the entire emergency management is viewed as an enterprise and modelled through enterprise management approach. Managing an enterprise or a large complex system is a very challenging task. It is critical for an enterprise to respond to challenges in a timely manner with quick decision making. This study addresses the problem of handling emergency management at regional level in an object oriented modelling environment developed by use of TopEase software. Emergency Operation Plan of the City of Hampton, Virginia, has been incorporated into TopEase for analysis. The methodology used in this study has been supported by a case study on critical infrastructure resiliency in Hampton Roads