This study presents cause-effect dependencies between inputs and outputs of business transitions that are software objects designed for processing information-decision state variables in integrated enterprise process control (EntPC) systems. Business transitions are elementary components of controlling units in enterprise processes that have been defined as self-controlling, generalized business processes, which may serve not only as business processes but also as business systems or their roles. Business events, which have zero durations by definition, are interpreted as executions of business actions that are main operations of business transitions. Any ordered set of business actions, performed in the controlling unit of a given enterprise process and attributed to the same discrete-time instant, is referred to as ‘the information-decision process’. The i-d processes may be substituted by managerial business processes, performed on the lower organizational level, where durations of activity executions are greater than zero, but discrete-time periods are considerably shorter. In such a case, procedures of business actions are performed by corresponding activities of managerial processes, but on the level of business transitions the durations of their executions are imperceptible, and many different business events may occur at the same discrete-time instant. It has been demonstrated in the paper how to control business actions to ensure that a given i-d state variable may not change more than once at a given instant. Furthermore, the rules of designing the i-d process structures, which prevent random changes of transitory states, have been presented.
The paper shows methods of analysis and assessment of partnering relations of construction enterprises with the use of questionnaires, statistics, and fuzzy logic. The results were obtained from Polish, Slovak and Ukrainian enterprises. The definition of partnering in the construction industry indicates that it is a qualitative concept. By applying a scale in the questionnaire, and due to mathematical analysis of the data, the final research result, showing the level of partnering relations of construction enterprises, is rendered quantitatively.
The selection of appropriate financial sources by enterprises is one of the key tasks faced by the management board. In the presented article, the Authors decided to verify the capital structure of companies from selected European economies and to compare this capital structure between developed and advanced developing markets. The research was conducted on 18 European economies, taking into consideration data for 2017 and five variables defining the structure of financing. The results of the analysis show that the economies in the basket of developed countries are characterised by a higher level of indebtedness, with the major difference in taking on interest-bearing liabilities.
This article summarizes the arguments and counterarguments within the scientific discussion on identifying the enterprise’s state to evaluate its effectiveness and optimize the
target functions in solving enterprise development problems. The proposed scientific and
methodological approach to modeling the enterprise development management system under decentralization conditions and its practical implementation makes it possible to determine the dominant development parameters of manufacturing enterprises that influence
the United Territorial Community and to timely track the impulses and space of the United Territorial Community state, taking into account the PS state as parameters for its
development. The proposed analysis of the Production System state within the United
Territorial Community framework and evaluating its development dynamics shows the necessity of forming a system of generalized vector-scalar, situationally oriented indicators.
The aim of the paper is to point out that the Monte Carlo simulation is an easy and flexible approach when it comes to forecasting risk of an asset portfolio. The case study presented in the paper illustrates the problem of forecasting risk arising from a portfolio of receivables denominated in different foreign currencies. Such a problem seems to be close to the real issue for enterprises offering products or services on several foreign markets. The changes in exchange rates are usually not normally distributed and, moreover, they are always interdependent. As shown in the paper, the Monte Carlo simulation allows for forecasting market risk under such circumstances.
The article deals with the subject of an important component of energy management, which is the performance of energy efficiency audits in companies. Using the case study analysis, the role of the energy audit was analyzed in the context of improvement of energy efficiency in selected production companies. The essence of legal requirements following from the implementation of the amended Energy Efficiency Act was presented. Specifically, problems and challenges, which refer to the method of implementation of the audit obligation in economic practice, were discussed. Furthermore, the issue of quality and usefulness (in the decision-making process) of prepared reports was raised. It was found that there were indications to claim that the obligatory energy audit of companies is not an instrument for the improvement of energy efficiency, which is always used optimally. The fault in this situation is partly attributable to the state, audit bodies and the company management. In this case, not only is the ineffective communication an issue here, but also the insufficient level of knowledge regarding energy management, as well as haste. The amendment of the Energy Efficiency Act (within just one year) imposed the necessity to conduct an energy audit on a specific group of companies. In principle, because all the entities, to which the obligation referred, had to take actions almost at the same time, numerous issues appeared. Some managers learned about the obligation to conduct the audit from companies who themselves had come out with a proposal to carry it out. This proves the lack of the proper information flow between the government administration authorities and the companies. Again, it turned out that practitioners did not keep pace with the implementation of actions, which were a consequence of numerous (and not always well thought-out) changes in the law. Haste in the fulfillment of the statutory obligation affected a high price spread of the bids sent during tenders, related to the performance of an energy audit. Bureaucratic regulations regarding tenders became another obstacle in the correct performance of the tasks. The entrepreneurs themselves, without clear guidelines on what to expect after the performed energy audit and what a report should look like, on many occasions, selected the “cheapest” bid – not always thinking too much about the qualitative consequences of such a decision. Some certifying bodies – taking advantage of an opportunity and the satisfactory combination of circumstances – offered unprofessional audit services of questionable quality. In the presented conditions, it is difficult to expect real, systemic and desirable results (economically, ecologically and socially) with regards to the energy efficiency both in the micro-, meso- and macr-economic scale. It is worth considering changes in the Energy Efficiency Act and spread the obligation to perform audits over different years according to clearly defined (in cooperation with business) criteria. If relevant actions are not taken, the situation of a temporary Eldorado on the market of energy audits will repeat in 4 years. Again, the consequence may be the poor quality and questionable usefulness of reports from energy audits of companies both at the business level and the ecological-political level. It is necessary to counteract all forms of unfair competition to interdisciplinary and specialist bodies which take actions to improve the energy efficiency of organisations. The creation of appropriate business conditions will have a positive impact on the improvement of energy efficiency. In this context, it is necessary to take actions, which enable the optimization of both the process of the implementation of obligatory legal regulations and voluntary (industry) norms and standards.
All the restructuring programs that have been implemented in Polish bituminous coal mining as a primary way to reduce mining costs relied on the increased concentration of mining operations. Those efforts especially involved a significant simplification of existing or newly developed structures for accessing or cutting the deposits intended for extraction; implementation of advanced mining technologies, and upgrading of machines used in mine faces. However, in order for these to deliver the expected results, it is important to organize mining operations in such a way so that those advanced, and usually very expensive, mining-related fixed assets – machinery and equipment – are used sensibly. In order to define a reasonable production capacity of each longwall face, it is necessary to apply various criteria related to the mining and technical aspects, occupational safety, and organizational and economic aspects. Only then will it be possible to evaluate the expected effects in the field of concentration of mining in a mining company and in the mines which form part of such enterprises. Decisions in this respect should always be made at the planning stage, based on analysis results. The aim of this article is to explore the factors involved in concentration-related decision-making in mining companies, including the underlying mining/technical, organizational, and economic/ /financial aspects. A mining company is understood as a group of related mines, the primary business operations of which include bituminous coal mining, processing, and trading.