DATA MANAGEMENT IN INDUSTRIAL COMPANIES: THE CASE OF AUSTRIA

Data has become the most critical asset that companies have. Companies often lack the experience to generate the highest possible value from their data. Most current studies on this topic were not restricted to the participants' geographical location or industrial sector. The originality of this research is that a survey is sent to industrial companies in Austria solely. This article intends to answer the following research question: 'What is the current state regarding data management in Austrian industrial companies? It should start a discussion in the community if Austrian and European companies are behind their international competitors in company-wide data management. It should also give an overview of standardized KPIs, responsibilities, problems, data storage technology, and decision-making. While most industrial companies in Austria stated that their KPIs are standardized within the company and strategic decisions are based on data, Austrian companies lack behind their international competitors in terms of C-level positions for data management and a company-wide data management strategy

PREDICTORS OF AVERAGE WAIT TIME AT AN INTERSECTION USING ARTIFICIAL NEURAL NETWORK

This paper reports the results of the studies on identifying the predictors of average wait times of vehicles at intersections. The strength and direction of the relationship of these predictors were gauged from the values and sign of the predictor. Simulated data obtained using a JavaScript algorithm were used. The variables tested for predictability included the traffic light time (seconds), traffic density per minute, number of input tracks (1 or 2), and number of output tacks (1 or 2). The program can then simulate the average wait time in seconds for an intersection (down, right, up, and left). The programme simulated the average wait times for the four directions of traffic flows at the intersection. These data were used in an artificial neural network algorithm. About 70% of the data were used for training and the remaining 30% were used for testing. The ANN model used is called a multi-layer perceptron (MLP). All the 4 models developed have one input layer, one hidden layer, and one output layer. The results indicated that density as the strongest predictor accounting for 100% importance among the variables tested. In some situations, traffic light times or the number of input or output tracks in some directions could also predict wait times to a lesser extent. Density was positively related to the wait times. These findings have been largely supported by the published literature when linked to traffic flow and travel times

A Critical Analysis of the Rights and Obligations of the Manager of a Limited Liability Company: Managerial Legislative Basis

The rights and obligations of an executive as a top manager of a limited liability company seem to be a long-settled question. However, the opposite is true. We were particularly interested in the question of the rights and obligations of the manager as a statutory body of the most widespread type of business company. A very important issue is the definition of the relationship between the limited liability company and the manager. The reason for this is the fact that it is a business–legal relationship and the protection provided to the executive in relation to the business company is based only on their mutual contractual basis. In addition to the examination of managerial knowledge and skills, we focused primarily on a critical analysis of the legal definition of the rights and obligations of an executive and their responsibility towards a limited liability company. As part of our research, we analyzed extensive jurisprudence, which completed our understanding of the concept of an executive and also defined the framework of not only their actions, but especially their rights and obligations. To achieve our goal, we used several scientific methods designed for the study of law, such as analysis, synthesis, comparison, deduction, and description. We critically evaluated the results of our research and compared the development of Slovak and Czech jurisprudence in the context of its influence on the investigated issue. At the same time, we answered the research question of whether legislative intervention is necessary for the already existing rights and obligations of a manager in relation to their limited liability company. This analysis of the rights and obligations of the manager of a limited liability company has several implications for both managers and companies as a whole, such as managerial autonomy, accountability, responsibility, and the balance of power. The research findings highlighted the significant decision making authority granted to managers. The obligations identified in the analysis emphasized the need for managers to act responsibly and be accountable for their actions. The rights and obligations of managers need to be balanced with the interests of other stakeholders, particularly the company’s members. In conclusion, the critical analysis of the rights and obligations of the manager of a limited liability company, based on the managerial legislative basis, revealed that managers possess decision making authority, profit distribution rights, limited liability protection, and entitlement to compensation. However, they are also obligated to fulfill fiduciary duties, comply with laws and regulations, maintain proper records, and exercise due care. The research underscored the significance of managerial autonomy, accountability, and a balanced exercise of power in a limited liability company. By understanding and adhering to their rights and obligations, managers can effectively navigate their roles while contributing to the success and sustainability of the compan

Effective Public Administration as a Tool for Building Smart Cities: The Experience of the Slovak Republic

This study focuses on examining the requirements forming the concept of the right to effective administration in relation to the communication of local governments with their residents. We pay attention to the electronization of public administration and the ambition to strengthen it through public participation in decision making concerning important matters of self-government, as the implementation of effective public administration is linked to the right management approach. In the first part of the study, we analyze European jurisprudence and legislation, and we further address the question of how the European concept of local government influences the communication of local authorities with their inhabitants in relation to the realization of the means of direct democracy. We focus our attention on the current state of the electronization of public administration and its development, including cyber security. The main goal of this study is to use critical analysis to assess the legal regulation of the activities of the Slovak public administration. In addition to the main goal, we also have several sub-goals, such as making a comparison of the development of the electronization of public administration in the countries of the former Czechoslovakia. Especially with the use of critical analysis and other scientific methods of investigation, we look for and find answers to selected application problems from practice. We also use scientific and doctrinal interpretation as well as scientific literature and jurisprudence. As a result of our study, recommendations are made to ensure the more efficient functioning of smart cities in the Slovak Republic

Effective Public Administration as a Tool for Building Smart Cities: The Experience of the Slovak Republic

This study focuses on examining the requirements forming the concept of the right to effective administration in relation to the communication of local governments with their residents. We pay attention to the electronization of public administration and the ambition to strengthen it through public participation in decision making concerning important matters of self-government, as the implementation of effective public administration is linked to the right management approach. In the first part of the study, we analyze European jurisprudence and legislation, and we further address the question of how the European concept of local government influences the communication of local authorities with their inhabitants in relation to the realization of the means of direct democracy. We focus our attention on the current state of the electronization of public administration and its development, including cyber security. The main goal of this study is to use critical analysis to assess the legal regulation of the activities of the Slovak public administration. In addition to the main goal, we also have several sub-goals, such as making a comparison of the development of the electronization of public administration in the countries of the former Czechoslovakia. Especially with the use of critical analysis and other scientific methods of investigation, we look for and find answers to selected application problems from practice. We also use scientific and doctrinal interpretation as well as scientific literature and jurisprudence. As a result of our study, recommendations are made to ensure the more efficient functioning of smart cities in the Slovak Republic

Development of Methods for the Strategic Management of Web Projects

In this article, we have explored methods for the strategic management of web projects. By introducing a long-term web project development strategy into the operation of a web project, mechanisms can be developed to improve the efficiency and effectiveness of the web project. An important factor is to develop a strategy taking into account all possible crisis situations and ways out of these situations. The authors analyzed and simulated the web project structure, working out methods of web project strategy realization and implementation in a crisis situation. Additionally, in this article, the authors have presented the model for the strategic map of the balanced scorecard of a web project. The authors tested the developed methods on six web projects of university departments. The received results confirmed the appropriateness and necessity of the development and implementation of methods of the strategic management of web projects