On the Dini-Hadamard subdifferential of the difference of two functions

In this paper we first provide a general formula of inclusion for the Dini-Hadamard epsilon-subdifferential of the difference of two functions and show that it becomes equality in case the functions are directionally approximately starshaped at a given point and a weak topological assumption is fulfilled. To this end we give a useful characterization of the Dini-Hadamard epsilon-subdifferential by means of sponges. The achieved results are employed in the formulation of optimality conditions via the Dini-Hadamard subdifferential for cone-constrained optimization problems having the difference of two functions as objective.Comment: 19 page

Migrant Workers' Interactions with Welfare Benefits: A Review of Recent Evidence and its Relevance for the Tax Credits System

This literature review was conducted as part of the HMRC project "European migrant workers' understanding and experience of the tax credits system". The project aimed to identify the issues faced by migrant workers when claiming Child Tax Credit (CTC) and/or Working Tax Credit (WTC). The group of interest was migrant workers who had recently settled in the UK and resided there for less than five years. Four countries of origin were selected for the study: Poland, Lithuania, Slovakia, and Portugal

Considerations concerning the analysis of the wage costs efficiency

In this article, the authors sought to study the efficiency of the staff costs and its reflection upon the main economic and financial indicators of a company. In the performed study, the application of the factor analysis models was made at the level of an industrial trading company the social object of which is manufacturing automotive subassemblies. The efficiency of the wage costs was monitored by the correlation between the average wage and the labour efficiency as well as by means of the indicators used for the general expression of their efficiency, such as: staff costs at an operating income, turnover or added value of 1,000 Lei. Moreover, highlighting the economic and financial consequences of their modification on the main key performance indicators of the company was considered. The conclusions that were drawn are useful for the management company for the substantiation of the decisions related to the improvement of the usage of the human resources, with direct positive consequences upon the reduction of the wage costs to 1,000 Lei and of the wage costs per product unit, as well as upon the profit increase.staff costs, efficiency, labour efficiency, average wage

The Romanian agriculture financing in the context of EU integration

There was drawn up a presentation of the Romanian agriculture and financing sources used in the transition period underlying the budgetary and external financing. The paper emphasizes the low level of absorption of external funds starting from the allotted amounts of money and compares them to the sums actually used. Then, there came into the picture the Union support that Romania will take advantage of as a result of the integration and the mechanisms used in this respect: direct payments and market measures and allotted amounts of money.budgetary financing, external financing, SAPARD, PHARE, ISPA, FEADR, FEGA

EU Funded Projects: from Financial to Economic Analysis

Investment projects represent the basis of economic and social development of our country. The investment is a cost that will most influence the future, but it is necessary that this influence should be not only positive, but also should exceed the investment efforts. There could be different sources of financing the investment, but lately, European grants are more and more accessed by various economic agents or institutions. To obtain European financing, the project must fulfill certain conditions and must follow certain economic, social and environmental indicators. Also, for some financing lines, is required the economic analysis preparation, in order to demonstrate that the project benefits to society are important and cover the investments efforts. Thus, economic analysis studies the project influence on macro-economic or regional level, and evaluates its contribution to the welfare of the region or local community. The present paper aims to analyze the most important and available theoretical resources and to provide practical examples for carrying out the economic analysis. In conclusion, economic analysis is an useful tool for each project evaluation, but the biggest barriers to its development are the lack of valid data and the reduced Romanian experience. Under these conditions, input data can be incorrectly estimated, resulting illusory and subjective project data. For a proper projects selection based on indicators of economic assessment, it must be developed a national, complete and complex guide.performance Cost-benefit analysis, European funds, externalities, investments, shadow prices.

Methods and Conditions for Achieving Continuous Improvement of Processes

In the early twentieth century, the Taylor model improved, in a spectacular maner the efficiency of the production processes. This allowed obtaining high productivity by low-skilled workers, but used in large number in the execution of production. Currently this model is questioned by experts and was replaced by the concept of "continuous improvement". The first signs of change date from the '80s, with the apparition of quality circles and groups of operators on quality issues, principles which are also found in other continuous improvement strategies like: TQM (Total Quality Management), TPM (Total Production Maintenance), Kaizen and Six-Sigma. All these strategies are based on an active participation of the workers. Within this framework, many companies organize autonomous teams of workers responsible for organizing their work and improve economic performances.continuous improvement; segment improvement; Kaizen; TQM; TPM; autonomous teams; Six Sigma.

THE STRATEGIC PERFORMANCE MANAGEMENT PROCESS

Contemporary trends in global competition, rapid technological developments and increased use of management information systems and the Internet, developments in planning and control and management thinking, and changing demographics are putting pressuresstrategy, performance management, strategic objectives, management.

MODERN INSTRUMENTS FOR MEASURING ORGANIZATIONAL PERFORMANCE

Any significant management action can be assessed both in terms of success of immediate goals and as effect of the organization ability to embrace change. Market competition intensifies with the development of Romanian society and its needs. Companies that offer different products and services need to impose certain advantages and to increase their performances. The paper will present modern tools for measuring and evaluating organizational performance, namely: Balanced Scorecard, Deming model and Baldrige model. We also present an example for Balance Scorecard, of an organizations belonging to the cosmetics industry.management, performance, balance scorecard, performance measurement