Assessment of Impact of Global Business Environment on International Tourism Brands

In the article the concept of modern International tourism is considered. The certain estimation of influence of global factors of business-environment on the process of forming of International tourist brand of countries is presented. A role and place of sign measures is described in the sphere of tourism of International level in forming of International tourist brand of country. The distribution of the most influential factors in the groups of levels of perception of International tourist brand is conducted. The aim of research is theoretical principles and methodical approaches of forming of International tourist brand in the system of International tourism. Methodological basis of research is approach of the systems to the analysis of economic processes and phenomena in an International environment. The purpose of the work consists in a scientific grounding of teoretical and methodological principles of forming and keeping of International tourist brand of countries in the system of International tourism. Globalization, social and cultural identity at the level of separate tourist brand of a country and at the world level must dialectically co-operate and provide to tourists both the market of countries and objects interesting for a visit and market of tourist services of the world level, usually at the level of quality for any civilized tourist. However the factor of maintainance of originality as the main condition of authentication of International tourist brand of concrete country, maintainance of tourist attractiveness of this country must prevail, that conditions the essence of tourism as the method of cognition of different and usual culture, method of receipt of the new impressions. Only thus forming of International tourist brand of country becomes the mean of stimulation of demand on tourist services in a country

Pricing and Risk Management with High-Dimensional Quasi Monte Carlo and Global Sensitivity Analysis

We review and apply Quasi Monte Carlo (QMC) and Global Sensitivity Analysis (GSA) techniques to pricing and risk management (greeks) of representative financial instruments of increasing complexity. We compare QMC vs standard Monte Carlo (MC) results in great detail, using high-dimensional Sobol' low discrepancy sequences, different discretization methods, and specific analyses of convergence, performance, speed up, stability, and error optimization for finite differences greeks. We find that our QMC outperforms MC in most cases, including the highest-dimensional simulations and greeks calculations, showing faster and more stable convergence to exact or almost exact results. Using GSA, we are able to fully explain our findings in terms of reduced effective dimension of our QMC simulation, allowed in most cases, but not always, by Brownian bridge discretization. We conclude that, beyond pricing, QMC is a very promising technique also for computing risk figures, greeks in particular, as it allows to reduce the computational effort of high-dimensional Monte Carlo simulations typical of modern risk management.Comment: 43 pages, 21 figures, 6 table

Integration of the Ukrainian Higher Education Into the Global Educational Space

Analysis of the modern global market features, identification of the key directions in the development of an efficient educational policy in the Ukraine and methods of accelerating the export of educational services

FINANCIAL AND ECONOMIC SECURITY OF AGRICULTURAL ENTERPRISES

The author studies the essence of financial and economic security of agricultural enterprises in the context of current changes in the economic situation in the country. The author also proves that the company’s transition towards sustainable development, which is supported by the system of its financial and economic security, allows for differentiation in the targets of such system both in short and long terms.The author studies the essence of financial and economic security of agricultural enterprises in the context of current changes in the economic situation in the country. The author also proves that the company’s transition towards sustainable development, which is supported by the system of its financial and economic security, allows for differentiation in the targets of such system both in short and long terms