Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica最新文献

{"title":"Safety Management Improvement Possibilities in Smes","authors":"Õ. Paas, K. Reinhold, J. Hartšenko, P. Tint","doi":"10.1515/aicue-2015-0022","DOIUrl":"https://doi.org/10.1515/aicue-2015-0022","url":null,"abstract":"Abstract The safety management system in 16 Estonian manufacturing companies (eight certified and eight noncertified in OHSAS (occupational health and safety management systems standard) 18001; four of the last corporated to the foreign firms) were investigated using the MISHA method. The results showed that if the advanced safety methods (like proposed by OHSAS 18001) are implemented by the initiative of the employers of the locally-owned Estonian SMEs, the level in safety performance, comparable with OHSAS certified companies could be achieved. The regression analysis showed strong correlation between the personnel management, safety activities in practice, communication, physical work environment, psychological working conditions, hazards analysis procedures and the safety level, R2= 0.7312-0.9596; medium correlation between the participation, personnel safety training, occupational accidents and illnesses, social work environment and the safety level (R2=0.3133-0.6044). Low correlation (R2= 0.2139) was recorded between the safety policy and the safety level and there was no correlation between the work ability of the employees and the safety level. The methods to improve the locally-owned enterprises’ safety level up to the corporated and OHSAS 18001 certified level are proposed. The cost of suitable safety measures is calculated. The MISHA method improvement possibilities for the use in the SMEs (small and medium size companies) are presented.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"98 1","pages":"325 - 342"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79265456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The European Central Bank Quantitative Policy and Its Consistency with the Demand for Liquidity","authors":"S. Hlebik, G. Verga","doi":"10.1515/aicue-2015-0029","DOIUrl":"https://doi.org/10.1515/aicue-2015-0029","url":null,"abstract":"Abstract In 2008 the European Central Bank added a new quantitative policy strategy to its traditional control of the interest rates. This new policy, sometimes called “enhanced credit support”, consists of fully satisfying the demand for liquidity of banks, with the European Central Bank deciding only the timing and characteristics of its interventions. This study analyses the market conditions in which these measures have been taken and their consistency with the demand for liquidity by the banking system. Measures in favour of the sovereign debt of PIIGS countries are also considered.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"164 1","pages":"425 - 451"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73355285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A Synthesis of the Heckscher-Ohlin and Oniki-Uzawa Trade Models with Heterogeneous Tastes, Different Technologies, and Endogenous Wealth","authors":"Wei-bin Zhang","doi":"10.1515/aicue-2015-0027","DOIUrl":"https://doi.org/10.1515/aicue-2015-0027","url":null,"abstract":"Abstract This paper examines the role of preferences and technological differences between two countries in determining dynamics of global wealth and pattern of trade in a reformed H-O model of international trade. The paper builds a trade model with endogenous wealth accumulation and labor and capital distribution between sectors and between countries under perfectly competitive markets and free trade. The model is based the H-O model, the Solow-Uzawa neoclassical growth model and the Oniki-Uzawa trade model. Each country has three sectors, producing one globally homogenous tradable capital good, specifying in producing one-tradable commodity, and supplying non-tradable goods and services. The study simulates the model for the economy to demonstrate existence of equilibrium points and motion of the dynamic system. It examines effects of changes in output elasticity of an industrial sector, population expansion, and propensities to consume the domestic commodity, to consume the other country’s commodity, to consume services, and to hold wealth.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"32 1","pages":"391 - 410"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73950256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Identifying and Explaining the Efficiency of the Public Health Systems in European Countries","authors":"Laura Asandului, C. Popescu, Ionuț Puiu Fătulescu","doi":"10.1515/aicue-2015-0024","DOIUrl":"https://doi.org/10.1515/aicue-2015-0024","url":null,"abstract":"Abstract The purpose of this study was to identify the efficient European healthcare systems. The study differs from other similar researches in that it uses different variables in assessing the efficiency of the healthcare systems, and also in that it uses a two-stage approach in the analysis. In order to identify the efficient healthcare systems, we used a non-parametric method, Data Envelopment Analysis, which allows the evaluation of the countries against an efficiency frontier. Furthermore, we explain the efficiency by analysing several factors which influence the efficiency of the healthcare systems, using the censored regression analysis. The findings indicate that there are significant efficiency disparities both among the developed states and among the developing ones. Finally, we suggest several directions for the public policy, in order to increase the efficiency of the public healthcare systems in the European countries.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"1 1","pages":"357 - 368"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82558635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Economic Growth on Gender Specific Unemployment in the EU","authors":"Zuzana Brinčíková, Ľubomír Darmo","doi":"10.1515/aicue-2015-0026","DOIUrl":"https://doi.org/10.1515/aicue-2015-0026","url":null,"abstract":"Abstract The relationship between unemployment and economic growth is known as Okun´s Law. Okun´s Law is used to estimate the reaction of unemployment rate on change in GDP growth. The purpose of this paper is therefore to examine the possibly asymmetric relationship between changes in output and gender specific unemployment rates by estimating Okun´s coefficients for all countries of the EU, as well as for selected groups of the EU countries. These groups include countries with similar characteristics that differ from other groups and represent the diversity among the EU. The results confirm that male unemployment is more sensitive to changes in GDP than the unemployment of females. Furthermore, findings differ on the country´s specifics with higher sensitivity in countries with lower economic performance.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"62 1","pages":"383 - 390"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87157745","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Reverse Bonus Certificate Design and Valuation Using Pricing by Duplication Methods","authors":"Martina Bobriková, M. Harčariková","doi":"10.1515/aicue-2015-0019","DOIUrl":"https://doi.org/10.1515/aicue-2015-0019","url":null,"abstract":"Abstract In this paper we perform an analysis of a capped reverse bonus certificate, the value of which is derived from the value of an underlying asset. A pricing formula for the portfolio replication method is applied to price the capped reverse bonus certificate. A replicating portfolio has profit that is identical to profit from a combination of positions in spot and derivative market, i.e. vanilla and exotic options. Based upon the theoretical option pricing models, the replicating portfolio for capped reverse bonus certificate on the Euro Stoxx 50 index is engineered. We design the capped reverse bonus certificate with various parameters and calculate the issue prices in the primary market. The profitability for the potential investor at the maturity date is provided. The relation between the profit change of the investor and parameters’ change is detected. The best capped reverse bonus certificate for every estimated development of the index is identified.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"18 1","pages":"277 - 289"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82970909","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial Resource Allocation in a Project Portfolio: Analysing the Necessity to Integrate Sustainability into Resource Allocation","authors":"Nomeda Dobrovolskienė, R. Tamošiūnienė","doi":"10.1515/aicue-2015-0025","DOIUrl":"https://doi.org/10.1515/aicue-2015-0025","url":null,"abstract":"Abstract Resource allocation in a project portfolio is a complex decision-making process that is influenced by multiple and very often conflicting objectives. Furthermore, companies are coming under strong social pressure to integrate elements of sustainability into their decision-making process, which makes this process even more complex. Nowadays, the concept of sustainability is widely applied by many companies through their mission statement and strategy. It is also one of the most popular research fields for scholars. Despite the fact that sustainability is considered one of the most important challenges of our time, the integration of sustainability into project or project portfolio management (especially in resource allocation) is not fully recognised. This paper presents a literature-based analysis of the use of the sustainability concept in project management and therefore makes suggestions on how to integrate sustainability into resource allocation in a project portfolio.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"23 1","pages":"369 - 382"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78808121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Econometric Tests of the CAPM Model for a Portfolio Composed of Companies Listed on Nasdaq and Dow Jones Components","authors":"G. Vintilă, Radu Alin Păunescu","doi":"10.1515/aicue-2015-0030","DOIUrl":"https://doi.org/10.1515/aicue-2015-0030","url":null,"abstract":"Abstract We tested empirically through econometric methods the classic CAPM model for 15 shares listed on the NASDAQ market in United States of America. The results showed that, for the majority of shares, there is a linear relation between expected return and market return. The shares of the largest companies from sample (AAPL, MSFT, GOOGL, etc. INTC) had a subunitary beta and the shares of smaller companies (ADBE, YHOO, BIDU etc.) had a beta greater than one. Compared with Security Market Line (SML) the shares were found to be overestimated and overstated and using GARCH-VECH model we identified the presence of high correlation between shares and the volatility spillover phenomenon.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"1 1","pages":"453 - 480"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89641137","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Proposed Concept of Segmentation of Traditional Japanese Emissive Market for Managing Tourist Promotion of Mediterranean Countries","authors":"N. Šerić, Silvija Vitner Marković, Svemir Tamari Tutnjević","doi":"10.1515/aicue-2015-0021","DOIUrl":"https://doi.org/10.1515/aicue-2015-0021","url":null,"abstract":"Abstract The concept of segmentation strategy of targeted emissive market is a usable starting point for efficient managing of promotion of receptive tourist destination. Growth in number of competing Mediterranean countries receptive tourist offers, conditions the need for the segmentation of specific emissive markets within the scope of the adjustment in the promotion itself. If this condition is not met, the presence of certain tourist segments may fail to meet the expectations. Segmentation becomes a strategic marketing tool of specialized tourist promotion of the receptive country itself when dealing with the emissive market characterized by the high non-accommodation, self-catering vacation rentals consumption. Promotion in tourism should send clear messages to the sought after, tourist segments regarding what is and how it is being offered. Undifferentiated marketing meant only for specific emissive market, weakens the tourist offers competitiveness and attractiveness. The strategic segments comprised in the process of segmentation, are selected in accordance with both the ability to meet the interests and trends in guests behaviour with available tourist resources of the receptive country. Tourist promotion thus takes over the role of the marketing tool in combining of the supply and demand, always in accordance with the goal strategic segment’s standards of the targeted emissive market. For the purpose of this paper the research of Japanese emissive market has been conducted. All tourist segments that can help Mediterranean countries, such as the Republic of Croatia to achieve the growth in tourist consumption and prolong the tourist season, are presented. Research and indepth analysis showed certain errors in the tourist promotion due to the neglect of the cultural specific quality and historic genesis of the targeted market. The fundamental research question is: there are enough segments on the Japanese emissive market for the efficient promotion of tourist resources of a typical Mediterranean country. All recommendable segments that can be classified as strategic are presented in this paper.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"762 1","pages":"313 - 324"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76918431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Consumers’ Attitudes Towards Cause-Related Marketing","authors":"Dubravka Sinčić Ćorić, Marija Dropuljić","doi":"10.1515/aicue-2015-0023","DOIUrl":"https://doi.org/10.1515/aicue-2015-0023","url":null,"abstract":"Abstract The paper presents the development of 5-point Likert scale for measuring attitudes towards cause-related marketing, as well as its application on a sample of Croatian consumers. The results of the research show that respondents are familiar with cause-related marketing and regard it as a good investment in the community. They see cause-related marketing campaigns as a good communication tool; they find a cause to be relevant for their personal involvement in campaigns, although the match between the cause and the product’s characteristics seems to be less important. Finally, respondents do not find the size of the donation to be crucial for their participation in cause-related marketing campaigns, but they find it important to know about the size of the donation. The results of the research can serve to marketing managers, who need to thoroughly consider how to communicate specific elements of campaigns in order to achieve maximum understanding by the target group.","PeriodicalId":55523,"journal":{"name":"Analele Stiintifice Ale Universitatii Al I Cuza Din Iasi - Matematica","volume":"7 1","pages":"343 - 356"},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74052898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}