Pub Date : 2023-09-22DOI: 10.1016/j.team.2023.09.001
Thiago Dias de Jesus , Marcelo Seido Nagano , Victor Rafael Rezende Celestino
Airlines endeavour to implement substantial measures to ensure profitability and maintain a competitive edge in the market. This entails conducting extensive studies and engaging in strategic planning to make optimal decisions. A crucial element of this process involves addressing the Fleet Assignment Problem (FAP). Typically, aircraft operating within an established network are acquired before adopting this method, rather than being selected based on an optimal solution. Consequently, incumbent airlines frequently operate in Brazilian regional aviation with fleets that are not optimised for the specific routes they serve. This study aims to explore an integrated frequency assignment and fleet assignment model, which identifies the most suitable aircraft for a given network. Model parameters were estimated from historical data from multiple incumbent airlines and were applied to a fictitious airline operating from Goiania International Airport (Brazil) as the hub. The findings from multiple test runs ascertain optimal frequency and aircraft capacity selections, as well as recommended fleet sizes. Further analysis reveals, for instance, that the Embraer E190-E2 is the most suitable aircraft for a scenario constrained to a single type of fleet, demonstrating the potential for significant profitability on the routes in the simulated network.
{"title":"An integrated frequency assignment and fleet assignment model: A strategic application in the Brazilian regional aviation market","authors":"Thiago Dias de Jesus , Marcelo Seido Nagano , Victor Rafael Rezende Celestino","doi":"10.1016/j.team.2023.09.001","DOIUrl":"https://doi.org/10.1016/j.team.2023.09.001","url":null,"abstract":"<div><p>Airlines endeavour to implement substantial measures to ensure profitability and maintain a competitive edge in the market. This entails conducting extensive studies and engaging in strategic planning to make optimal decisions. A crucial element of this process involves addressing the Fleet Assignment Problem (FAP). Typically, aircraft operating within an established network are acquired before adopting this method, rather than being selected based on an optimal solution. Consequently, incumbent airlines frequently operate in Brazilian regional aviation with fleets that are not optimised for the specific routes they serve. This study aims to explore an integrated frequency assignment and fleet assignment model, which identifies the most suitable aircraft for a given network. Model parameters were estimated from historical data from multiple incumbent airlines and were applied to a fictitious airline operating from Goiania International Airport (Brazil) as the hub. The findings from multiple test runs ascertain optimal frequency and aircraft capacity selections, as well as recommended fleet sizes. Further analysis reveals, for instance, that the Embraer E190-E2 is the most suitable aircraft for a scenario constrained to a single type of fleet, demonstrating the potential for significant profitability on the routes in the simulated network.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 151-159"},"PeriodicalIF":0.0,"publicationDate":"2023-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49732845","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}
Pub Date : 2023-09-18DOI: 10.1016/j.team.2023.09.002
Xiong Wang, Wanping Yang, Xiaohang Ren
Using panel data encompassing Central China’s cities from 2008 to 2019, our study employs the Spatial Autoregression (SAR) and the Spatial Difference-in-Differences (SDID) models to assess both the localized and spillover effects of public service provision on tourism. Additionally, our research explores the pivotal role of High-Speed Rail (HSR) as a moderating factor, shedding light on its influence on the relationship between public service supply and the advancement of tourism. Our study reveals that public service supply exerts a significant and even substantial impact on tourism development. Moreover, it demonstrates that the provision of public services contributes positively to the growth of tourism in neighboring cities. Further analysis indicates that the introduction of HSR has a robust influence on enhancing public service supply to stimulate tourism development. These findings offer invaluable insights for the promotion of tourism development.
{"title":"Impacts of public service supply on the tourism industry in the high-speed rail era: Evidence from the central regions of China","authors":"Xiong Wang, Wanping Yang, Xiaohang Ren","doi":"10.1016/j.team.2023.09.002","DOIUrl":"https://doi.org/10.1016/j.team.2023.09.002","url":null,"abstract":"<div><p>Using panel data encompassing Central China’s cities from 2008 to 2019, our study employs the Spatial Autoregression (SAR) and the Spatial Difference-in-Differences (SDID) models to assess both the localized and spillover effects of public service provision on tourism. Additionally, our research explores the pivotal role of High-Speed Rail (HSR) as a moderating factor, shedding light on its influence on the relationship between public service supply and the advancement of tourism. Our study reveals that public service supply exerts a significant and even substantial impact on tourism development. Moreover, it demonstrates that the provision of public services contributes positively to the growth of tourism in neighboring cities. Further analysis indicates that the introduction of HSR has a robust influence on enhancing public service supply to stimulate tourism development. These findings offer invaluable insights for the promotion of tourism development.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 139-150"},"PeriodicalIF":0.0,"publicationDate":"2023-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49732843","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}
Pub Date : 2023-08-21DOI: 10.1016/j.team.2023.08.002
Pedro Cantos-Sánchez , Rafael Moner-Colonques , Alba Ruiz-Buforn , Jose J. Sempere-Monerris
This paper explores the efficacy of short-haul flights bans in reducing environmental external costs and its effects on welfare. Recently implemented by several European countries, the ban policy assumes that the air traffic lost will be diverted to rail giving environmental gains. A model where users are also allowed to use private car and account for all transport external costs is proposed to check this measure. The ban will provoke a shift in the modal split and affect total traffic levels. Rail prices will rise, users surplus and net welfare will fall. External costs are not necessarily reduced. Finally, an ex-ante assessment is done finding that environmental costs only decrease in the Madrid-Barcelona corridor, increasing in the Madrid-Valencia one. Social welfare net of all external costs decreases by 19.6% and 3.1% respectively. Thus, a case-by-case approach for implementing short-haul flights bans would be advisable.
{"title":"Welfare and environmental effects of short-haul flights bans","authors":"Pedro Cantos-Sánchez , Rafael Moner-Colonques , Alba Ruiz-Buforn , Jose J. Sempere-Monerris","doi":"10.1016/j.team.2023.08.002","DOIUrl":"https://doi.org/10.1016/j.team.2023.08.002","url":null,"abstract":"<div><p>This paper explores the efficacy of short-haul flights bans in reducing environmental external costs and its effects on welfare. Recently implemented by several European countries, the ban policy assumes that the air traffic lost will be diverted to rail giving environmental gains. A model where users are also allowed to use private car and account for all transport external costs is proposed to check this measure. The ban will provoke a shift in the modal split and affect total traffic levels. Rail prices will rise, users surplus and net welfare will fall. External costs are not necessarily reduced. Finally, an ex-ante assessment is done finding that environmental costs only decrease in the Madrid-Barcelona corridor, increasing in the Madrid-Valencia one. Social welfare net of all external costs decreases by 19.6% and 3.1% respectively. Thus, a case-by-case approach for implementing short-haul flights bans would be advisable.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 126-138"},"PeriodicalIF":0.0,"publicationDate":"2023-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49715737","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}
Pub Date : 2023-08-18DOI: 10.35854/1998-1627-2023-7-843-850
A. Batsokin
Aim. To determine the potential of practical application of neural networks as a tool to form a model of competencies of JSC “RZD” employees who provide operation of railway infrastructure objects.Tasks. To estimate the quality of the structure, description and level of detail of the competence model formed by a neural network by means of comparison with traditional sources containing requirements to the competence of a track mounting workman position.Methods. The theoretical (analysis, modeling, specification, classification) and empirical (comparison, description, content analysis) general scientific research methods formed the methodological basis. The generation of the competence model by means of artificial intelligence was carried out with the help of the software complex based on neural networks.Results. The structure and description of the competencies generated by the neural network correspond on the whole to the competency model of a track fitter and unified corporate requirements for the employees of JSC “RZD”. At the same time, the description of some professional competences is insufficient, which indicates the need to form an additional clarifying query to the neural network. The corporate competencies, defined by the neural network, are described in detail and contain more competencies, than the existing model of JSC “RZD” employees’ competencies.Conclusions. In order to prepare a competency model, neural networks serve as an effective tool, which allows to ensure the proper quality of competency structure generation and description. The universality of this approach lies in the possibility to generate a competency model for any position regardless of the industry. The level of inclusiveness of neural networks increases with the development of digital environment, which ensures their accessibility in practice.
{"title":"Practical aspects of artificial intelligence application in formation of competence model (on the example of railway industry)","authors":"A. Batsokin","doi":"10.35854/1998-1627-2023-7-843-850","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-843-850","url":null,"abstract":"Aim. To determine the potential of practical application of neural networks as a tool to form a model of competencies of JSC “RZD” employees who provide operation of railway infrastructure objects.Tasks. To estimate the quality of the structure, description and level of detail of the competence model formed by a neural network by means of comparison with traditional sources containing requirements to the competence of a track mounting workman position.Methods. The theoretical (analysis, modeling, specification, classification) and empirical (comparison, description, content analysis) general scientific research methods formed the methodological basis. The generation of the competence model by means of artificial intelligence was carried out with the help of the software complex based on neural networks.Results. The structure and description of the competencies generated by the neural network correspond on the whole to the competency model of a track fitter and unified corporate requirements for the employees of JSC “RZD”. At the same time, the description of some professional competences is insufficient, which indicates the need to form an additional clarifying query to the neural network. The corporate competencies, defined by the neural network, are described in detail and contain more competencies, than the existing model of JSC “RZD” employees’ competencies.Conclusions. In order to prepare a competency model, neural networks serve as an effective tool, which allows to ensure the proper quality of competency structure generation and description. The universality of this approach lies in the possibility to generate a competency model for any position regardless of the industry. The level of inclusiveness of neural networks increases with the development of digital environment, which ensures their accessibility in practice.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73472918","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}
Pub Date : 2023-08-18DOI: 10.35854/1998-1627-2023-7-851-858
A. Stolyarov, V. V. Gordeev, V. Abramov
Aim. To justify and propose a methodology for searching multi-criteria Pareto-optimal solutions based on the use of socio-economic models or digital twins of complex dynamical systems.Tasks. To substantiate the relevance of using predictive methods for making managerial decisions in conditions of rapid changes and the need to use for these purposes recommendation systems using socio-economic models or digital twins. To propose a methodology for searching multi-criteria Pareto-optimal solutions and to evaluate its accuracy on mathematical and socioeconomic models. To formulate recommendations and limitations on the use of this methodology.Methods. General scientific methods (analysis, synthesis, grouping), mathematical methods of searching for Pareto-optimal solutions and generation of LP -sequences, results of mathematical modelling and numerical experiments were used in the research.Results. The methodology of searching for multicriteria Pareto-optimal managerial decisions is proposed, proposals and limitations on its application are formulated.Conclusions. In conditions of rapid changes it is important to be able to make managerial decisions that take into account the influence of many factors and, accordingly, many criteria characterising the socio-economic system, and at the same time it is necessary to make these managerial decisions in accordance with the logic “from the future”. The method of searching for multi-criteria Pareto-optimal solutions based on the use of socio-economic models or digital twins is proposed. The accuracy of this method is investigated on mathematical models of different degrees of nonlinearity with different number of parameters when solving production multi-parametric problems.
{"title":"Methodology for searching multi-criteria solutions based on digital twins","authors":"A. Stolyarov, V. V. Gordeev, V. Abramov","doi":"10.35854/1998-1627-2023-7-851-858","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-851-858","url":null,"abstract":"Aim. To justify and propose a methodology for searching multi-criteria Pareto-optimal solutions based on the use of socio-economic models or digital twins of complex dynamical systems.Tasks. To substantiate the relevance of using predictive methods for making managerial decisions in conditions of rapid changes and the need to use for these purposes recommendation systems using socio-economic models or digital twins. To propose a methodology for searching multi-criteria Pareto-optimal solutions and to evaluate its accuracy on mathematical and socioeconomic models. To formulate recommendations and limitations on the use of this methodology.Methods. General scientific methods (analysis, synthesis, grouping), mathematical methods of searching for Pareto-optimal solutions and generation of LP -sequences, results of mathematical modelling and numerical experiments were used in the research.Results. The methodology of searching for multicriteria Pareto-optimal managerial decisions is proposed, proposals and limitations on its application are formulated.Conclusions. In conditions of rapid changes it is important to be able to make managerial decisions that take into account the influence of many factors and, accordingly, many criteria characterising the socio-economic system, and at the same time it is necessary to make these managerial decisions in accordance with the logic “from the future”. The method of searching for multi-criteria Pareto-optimal solutions based on the use of socio-economic models or digital twins is proposed. The accuracy of this method is investigated on mathematical models of different degrees of nonlinearity with different number of parameters when solving production multi-parametric problems.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"260 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76742433","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}
Pub Date : 2023-08-18DOI: 10.1016/j.team.2023.08.001
Eric Tchouamou Njoya , Peter Forsyth , Hans-Martin Niemeier , Alexandros Nikitas
This study adopts a Structural Path Analysis to explore the ways in which air cargo can play a role in reducing poverty in Vietnam. This study departs from the prevalent and extensively researched macroeconomic analysis of air cargo, focusing instead on the microeconomic and distributional effects. The results show that air cargo growth stimulates the production of the sectors that employ semi-skilled and unskilled rural workers. The results indicate that the effect of air cargo expansion on poverty is more pronounced in rural households than in urban households. The conclusion drawn from this study is that policies focused on decreasing transaction costs and enhancing human capital have the potential to amplify the effects of air cargo on poverty. Moreover, expanding air cargo and simultaneously improving human capital in Vietnam would provide the catalyst for upgrading from value-added assembling functions to higher value-added roles in global value chains.
{"title":"Examining the impact of air cargo growth on poor Vietnamese rural and urban households","authors":"Eric Tchouamou Njoya , Peter Forsyth , Hans-Martin Niemeier , Alexandros Nikitas","doi":"10.1016/j.team.2023.08.001","DOIUrl":"https://doi.org/10.1016/j.team.2023.08.001","url":null,"abstract":"<div><p>This study adopts a Structural Path Analysis to explore the ways in which air cargo can play a role in reducing poverty in Vietnam. This study departs from the prevalent and extensively researched macroeconomic analysis of air cargo, focusing instead on the microeconomic and distributional effects. The results show that air cargo growth stimulates the production of the sectors that employ semi-skilled and unskilled rural workers. The results indicate that the effect of air cargo expansion on poverty is more pronounced in rural households than in urban households. The conclusion drawn from this study is that policies focused on decreasing transaction costs and enhancing human capital have the potential to amplify the effects of air cargo on poverty. Moreover, expanding air cargo and simultaneously improving human capital in Vietnam would provide the catalyst for upgrading from value-added assembling functions to higher value-added roles in global value chains.</p></div>","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"1 ","pages":"Pages 112-125"},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49715732","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}
Pub Date : 2023-08-18DOI: 10.35854/1998-1627-2023-7-833-842
A. Rumyantseva, T. Yurchenko
Aim. To check the availability of financial sustainability and self-sufficiency of the budget sphere of Russian regions in the period of new geopolitical challenges, as well as to develop reasoned, scientifically justified proposals that can be used in strategic territorial planning and will contribute to the financial sovereignty of the Russian Federation (RF).Tasks. To consider the concepts of “financial sovereignty”, “financial security”, “financial stability”; to assess the financial stability of Russian regions, their fiscal self-sufficiency; to build an econometric model of the dependence of regional budgets revenues on a number of factors and to identify factors contributing to an increase in the revenue part of budgets, increasing the financial stability of regions and the financial sovereignty of the Russian Federation as a whole.Methods. The authors used a systematic approach, general scientific methods of research, including comparative, logical, analysis and synthesis, economic and statistical, critical review of scientific publications. When developing recommendations, correlation and regression analysis was carried out.Results. Financial sovereignty is the objective independence of the state in carrying out domestic and foreign financial policy. It is ensured by financial security at all levels of governance and in all spheres of socio-economic life. The main factor in increasing the stability of the financial system of the Russian Federation is a stable budget system of the country and its territorial formations. The study showed that the ability of regional budgets to cover their expenditures largely depends on receipts from the federal budget. Such dependence reduces the stability of regional budgets and creates an additional burden on the federal budget. Using the correlation and regression analysis, according to the statistical data for 2021, the factors of economic development that have a positive impact on the revenue part of regional budgets and increase their sustainability were identified. In particular, in the course of the study it became clear that the cost of research and development, innovation, implementation and use of digital technology today affect the economic development of regions. Their statistically significant strong correlation with the revenues of regional budgets was revealed. The results of the study can be used in the design of strategic programs for regional development.Conclusions. There is a high dependence of regions on state support, which creates an additional burden on the federal budget, reducing its sustainability and financial sovereignty of the country. Subjects of the Russian Federation need to promote business development and stimulate its investment activity. The priority in the design of programs of strategic development of regions should be the introduction of digital technologies, increasing expenditure on research and development, innovation activities.
{"title":"Sustainable development of territories as a factor of financial sovereignty of the Russian Federation","authors":"A. Rumyantseva, T. Yurchenko","doi":"10.35854/1998-1627-2023-7-833-842","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-833-842","url":null,"abstract":"Aim. To check the availability of financial sustainability and self-sufficiency of the budget sphere of Russian regions in the period of new geopolitical challenges, as well as to develop reasoned, scientifically justified proposals that can be used in strategic territorial planning and will contribute to the financial sovereignty of the Russian Federation (RF).Tasks. To consider the concepts of “financial sovereignty”, “financial security”, “financial stability”; to assess the financial stability of Russian regions, their fiscal self-sufficiency; to build an econometric model of the dependence of regional budgets revenues on a number of factors and to identify factors contributing to an increase in the revenue part of budgets, increasing the financial stability of regions and the financial sovereignty of the Russian Federation as a whole.Methods. The authors used a systematic approach, general scientific methods of research, including comparative, logical, analysis and synthesis, economic and statistical, critical review of scientific publications. When developing recommendations, correlation and regression analysis was carried out.Results. Financial sovereignty is the objective independence of the state in carrying out domestic and foreign financial policy. It is ensured by financial security at all levels of governance and in all spheres of socio-economic life. The main factor in increasing the stability of the financial system of the Russian Federation is a stable budget system of the country and its territorial formations. The study showed that the ability of regional budgets to cover their expenditures largely depends on receipts from the federal budget. Such dependence reduces the stability of regional budgets and creates an additional burden on the federal budget. Using the correlation and regression analysis, according to the statistical data for 2021, the factors of economic development that have a positive impact on the revenue part of regional budgets and increase their sustainability were identified. In particular, in the course of the study it became clear that the cost of research and development, innovation, implementation and use of digital technology today affect the economic development of regions. Their statistically significant strong correlation with the revenues of regional budgets was revealed. The results of the study can be used in the design of strategic programs for regional development.Conclusions. There is a high dependence of regions on state support, which creates an additional burden on the federal budget, reducing its sustainability and financial sovereignty of the country. Subjects of the Russian Federation need to promote business development and stimulate its investment activity. The priority in the design of programs of strategic development of regions should be the introduction of digital technologies, increasing expenditure on research and development, innovation activities.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78334082","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}
Pub Date : 2023-08-18DOI: 10.35854/1998-1627-2023-7-859-866
M. I. Garaeva
Aim. To identify new trends in the development of the banking sector of Azerbaijan, one of the key links in the national economy of the country, based on the analysis of its condition in the last five years.Tasks. To analyse the mandate of the Central Bank of Azerbaijan (CBA), the structure of the country’s banking market, the level of banks’ capitalisation; to sum up the results of the analysis; to formulate proposals for improving the situation.Methods. The study relies on a systematic approach to solving the set tasks. The article presents different points of view of authors and analysts regarding reforms in the banking sector of Azerbaijan. The dialectical approach to the analysis of the main phenomena and regularities, as well as the systematic approach to the disclosure of the key factors of development of the national banking sector of the country served as the methodological basis of the study.Results. The main trends in the development of the banking sector of Azerbaijan were analysed, its current state was assessed, and the mandate of the CBA was determined. The research shows that the growth of the banking market, new trends in the expansion of banking services create significant qualitative changes in this market. During the year, the banking sector as a whole showed resistance to exogenous shocks.Conclusions. In the banking business of Azerbaijan, one of the special tendencies manifested in the activity of the banking services market is technological improvement and expansion of application of modern automatic systems. The analysis showed that in recent years, despite the growth of current expenses in the activity of banks, the most modern and productive communication technologies replacing labour-intensive processes are introduced. The mandate of the CBA was focused mainly on monetary policy, ensuring regulation and development of interbank centralised and other unlicensed payment systems. Monetary policy implemented by the CBA has been aimed at mitigating inflationary pressures. Although high global inflation remains risky in the context of uncertainty due to the global geopolitical and geo-economic situation, the accelerated recovery of economic growth, the country’s trade surplus and the increase in strategic foreign exchange reserves allow the macroeconomic environment of the financial system to remain stable.
{"title":"Trends of development of Azerbaijan’s banking sector","authors":"M. I. Garaeva","doi":"10.35854/1998-1627-2023-7-859-866","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-859-866","url":null,"abstract":"Aim. To identify new trends in the development of the banking sector of Azerbaijan, one of the key links in the national economy of the country, based on the analysis of its condition in the last five years.Tasks. To analyse the mandate of the Central Bank of Azerbaijan (CBA), the structure of the country’s banking market, the level of banks’ capitalisation; to sum up the results of the analysis; to formulate proposals for improving the situation.Methods. The study relies on a systematic approach to solving the set tasks. The article presents different points of view of authors and analysts regarding reforms in the banking sector of Azerbaijan. The dialectical approach to the analysis of the main phenomena and regularities, as well as the systematic approach to the disclosure of the key factors of development of the national banking sector of the country served as the methodological basis of the study.Results. The main trends in the development of the banking sector of Azerbaijan were analysed, its current state was assessed, and the mandate of the CBA was determined. The research shows that the growth of the banking market, new trends in the expansion of banking services create significant qualitative changes in this market. During the year, the banking sector as a whole showed resistance to exogenous shocks.Conclusions. In the banking business of Azerbaijan, one of the special tendencies manifested in the activity of the banking services market is technological improvement and expansion of application of modern automatic systems. The analysis showed that in recent years, despite the growth of current expenses in the activity of banks, the most modern and productive communication technologies replacing labour-intensive processes are introduced. The mandate of the CBA was focused mainly on monetary policy, ensuring regulation and development of interbank centralised and other unlicensed payment systems. Monetary policy implemented by the CBA has been aimed at mitigating inflationary pressures. Although high global inflation remains risky in the context of uncertainty due to the global geopolitical and geo-economic situation, the accelerated recovery of economic growth, the country’s trade surplus and the increase in strategic foreign exchange reserves allow the macroeconomic environment of the financial system to remain stable.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"45 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91501139","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}
Pub Date : 2023-08-17DOI: 10.35854/1998-1627-2023-7-815-822
T. Kharlamova, A. S. Podmasteryev
Aim. To determine the characteristics and specificity of intellectual property management of a modern organization and on this basis to form an understanding of the role of its assessment in making sound management decisions.Tasks. To reveal the essence and managerial basics of intangible assets as key assets of modern organization; to prove the value of intellectual property and its assessment from the position of modern management and business; to compare the currently used approaches to intellectual property assessment from the point of view of their advantages and disadvantages as well as their role in management decision making; to suggest the directions of using the results of intellectual property assessment in the process of functioning and development managementMethods. The methodological basis of the study was the conceptual concepts of the theory of managerial decision-making and property theory, which allowed the authors of the article to use a system of general scientific methods and approaches to the study. When writing the article, the textual analysis of scientific publications and provisions of current regulatory documents in the field of determining the value and market evaluation of intangible assets, the comparative analysis of key methods of evaluation of intellectual property objects with an indication of the shortcomings of each of them, the calculation method, tabular data presentation, as well as the construction of groupings and generalizations were used.Results. The essence of intangible assets was revealed, which is manifested in the fact that they act as a factor that significantly increases the competitiveness, market value and financial performance of the enterprise. This makes special demands on the management of intellectual property as a key asset of a modern organization. The value of intellectual property and its assessment in terms of making important managerial and business decisions that affect the success of the organization is argued. This is expressed primarily in the growth of market capitalization of companies-owners of intellectual property. The approach[1]es to the assessment of intellectual property applied today are compared: income-based, comparative and cost-based, which allowed to identify their advantages and limitations, to determine the prospects of using different combinations of approaches and methods of assessment in making managerial decisions. The directions of using the results of the intellectual property assessment in the process of managing the sustainable development of the organization under the current conditions of economic instability and increased likelihood of risks, which actualizes the need for organizations to have reliable information about the fair value of intangible assets.Conclusions. As a result of the analysis of publications and normative regulations, as well as the performed research of the specifics of intellectual property management at the contemporary stage of e
{"title":"Assessment of intellectual property objects and its role in making informed management decisions","authors":"T. Kharlamova, A. S. Podmasteryev","doi":"10.35854/1998-1627-2023-7-815-822","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-815-822","url":null,"abstract":"Aim. To determine the characteristics and specificity of intellectual property management of a modern organization and on this basis to form an understanding of the role of its assessment in making sound management decisions.Tasks. To reveal the essence and managerial basics of intangible assets as key assets of modern organization; to prove the value of intellectual property and its assessment from the position of modern management and business; to compare the currently used approaches to intellectual property assessment from the point of view of their advantages and disadvantages as well as their role in management decision making; to suggest the directions of using the results of intellectual property assessment in the process of functioning and development managementMethods. The methodological basis of the study was the conceptual concepts of the theory of managerial decision-making and property theory, which allowed the authors of the article to use a system of general scientific methods and approaches to the study. When writing the article, the textual analysis of scientific publications and provisions of current regulatory documents in the field of determining the value and market evaluation of intangible assets, the comparative analysis of key methods of evaluation of intellectual property objects with an indication of the shortcomings of each of them, the calculation method, tabular data presentation, as well as the construction of groupings and generalizations were used.Results. The essence of intangible assets was revealed, which is manifested in the fact that they act as a factor that significantly increases the competitiveness, market value and financial performance of the enterprise. This makes special demands on the management of intellectual property as a key asset of a modern organization. The value of intellectual property and its assessment in terms of making important managerial and business decisions that affect the success of the organization is argued. This is expressed primarily in the growth of market capitalization of companies-owners of intellectual property. The approach[1]es to the assessment of intellectual property applied today are compared: income-based, comparative and cost-based, which allowed to identify their advantages and limitations, to determine the prospects of using different combinations of approaches and methods of assessment in making managerial decisions. The directions of using the results of the intellectual property assessment in the process of managing the sustainable development of the organization under the current conditions of economic instability and increased likelihood of risks, which actualizes the need for organizations to have reliable information about the fair value of intangible assets.Conclusions. As a result of the analysis of publications and normative regulations, as well as the performed research of the specifics of intellectual property management at the contemporary stage of e","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78680651","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}
Pub Date : 2023-08-17DOI: 10.35854/1998-1627-2023-7-807-814
M. Makarov
Aim. To substantiate the potential advantages of introducing the digital ruble into the financial system of Russia.Tasks. Theoretical analysis of existing views of Russian and foreign economists on the spread of digital currencies in the modern financial system. To study the possibilities of using digital currencies. Consideration of the concept of introduction of the digital ruble in the financial system of the Russian Federation (RF) and justification of its potential advantages and risks. Study of the digital ruble as a new form of national currency and its legitimization. Analysis of the annual growth rate of the monetary aggregate M0 in Russia for the period 2018-2023.Methods. The study uses system and logical approaches, general scientific methods (analysis, synthesis), methods of comparative and economic analysis, analytical processing of information, graphical presentation of information and mathematical modeling.Results. In connection with the growth rate of digitalization development, the trend of digital currencies distribution in the modern financial system of the Russian Federation was characterized: the legislatively enshrined definitions of concepts were analyzed, electronic and digital money were compared, and the main types of digital currencies and their key features were identified. The annual growth rates of the monetary aggregate M0 in Russia for the period 2018-2023 were analyzed.Conclusions. The identified potential advantages of the introduction of the digital ruble into the financial system of Russia will contribute to the reduction of the share of the shadow economy, large settlement transactions using smart contracts, reducing the costs of settlement and payment transactions, which should lead to a positive economic effect, but it is necessary to take into account the risks of this process. Periods of socio-economic instability may lead to an increase in the risk of mass desire of citizens to use cash. The analysis of the annual growth rates of the monetary aggregate M0 in Russia for the period 2018-2023 allowed us to conclude that for the effective implementation of such a property of the digital ruble as markability, it is necessary to reduce the volume of cash in the hands of the population. This goal can be achieved by increasing the financial and digital literacy of the population, which minimizes the risks of its implementation. In the future, the development of digital technologies in the economy will make it possible to give virtual currencies the official status of a means of payment.
{"title":"Potential benefits of introducing the digital ruble in the financial system of Russia","authors":"M. Makarov","doi":"10.35854/1998-1627-2023-7-807-814","DOIUrl":"https://doi.org/10.35854/1998-1627-2023-7-807-814","url":null,"abstract":"Aim. To substantiate the potential advantages of introducing the digital ruble into the financial system of Russia.Tasks. Theoretical analysis of existing views of Russian and foreign economists on the spread of digital currencies in the modern financial system. To study the possibilities of using digital currencies. Consideration of the concept of introduction of the digital ruble in the financial system of the Russian Federation (RF) and justification of its potential advantages and risks. Study of the digital ruble as a new form of national currency and its legitimization. Analysis of the annual growth rate of the monetary aggregate M0 in Russia for the period 2018-2023.Methods. The study uses system and logical approaches, general scientific methods (analysis, synthesis), methods of comparative and economic analysis, analytical processing of information, graphical presentation of information and mathematical modeling.Results. In connection with the growth rate of digitalization development, the trend of digital currencies distribution in the modern financial system of the Russian Federation was characterized: the legislatively enshrined definitions of concepts were analyzed, electronic and digital money were compared, and the main types of digital currencies and their key features were identified. The annual growth rates of the monetary aggregate M0 in Russia for the period 2018-2023 were analyzed.Conclusions. The identified potential advantages of the introduction of the digital ruble into the financial system of Russia will contribute to the reduction of the share of the shadow economy, large settlement transactions using smart contracts, reducing the costs of settlement and payment transactions, which should lead to a positive economic effect, but it is necessary to take into account the risks of this process. Periods of socio-economic instability may lead to an increase in the risk of mass desire of citizens to use cash. The analysis of the annual growth rates of the monetary aggregate M0 in Russia for the period 2018-2023 allowed us to conclude that for the effective implementation of such a property of the digital ruble as markability, it is necessary to reduce the volume of cash in the hands of the population. This goal can be achieved by increasing the financial and digital literacy of the population, which minimizes the risks of its implementation. In the future, the development of digital technologies in the economy will make it possible to give virtual currencies the official status of a means of payment.","PeriodicalId":101258,"journal":{"name":"Transport Economics and Management","volume":"157 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76750559","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}