The paper presents the study of Latvian Venture Capital (VC) funds’ investment trends in particular industries. The literature analysis reveals five main factors influencing VC funds’ managers preferences towards particular industries: three external factors (existing clusters in the investment region; high growth industries; availability of other funding for companies from specific sectors) and two internal (factors driven by VC funds’ limited partners profile; possession of specific industry related knowledge). The results of the practical part of the study show that 52% of Latvian VC funds’ investments (total amount) went to Services sectors, 45% to Manufacturing and 3% to other industries. From the total amount invested in Services according to the classification of Eurostat, investments in High-tech knowledge-intensive sectors account for 46%, Knowledge-intensive services - for 10% and less knowledge-intensive sectors – for 44%. Breakdown of investments in Manufacturing is as follows: 26% in High-technology firms, 24% in Medium-high technology; 15% in Medium-low technology and 35% in Low technology. Investment patterns of different Latvian VC funds’ managers vary substantially. For example, investments in High-technology and High-tech knowledge-intensive sectors were made only by three of five Latvian fund managers. Other two invested heavily in Low Technology and Less knowledge-intensive sectors. Industry-related knowledge and experience accumulated in particular fund management team presumably is an explanation of the variances in the patterns.
{"title":"Where do Venture Capitalists invest? Case of Latvia","authors":"Anita Matisone, Nataļja Lāce","doi":"10.13165/IE-19-13-1-02","DOIUrl":"https://doi.org/10.13165/IE-19-13-1-02","url":null,"abstract":"The paper presents the study of Latvian Venture Capital (VC) funds’ investment trends in particular industries. The literature analysis reveals five main factors influencing VC funds’ managers preferences towards particular industries: three external factors (existing clusters in the investment region; high growth industries; availability of other funding for companies from specific sectors) and two internal (factors driven by VC funds’ limited partners profile; possession of specific industry related knowledge). The results of the practical part of the study show that 52% of Latvian VC funds’ investments (total amount) went to Services sectors, 45% to Manufacturing and 3% to other industries. From the total amount invested in Services according to the classification of Eurostat, investments in High-tech knowledge-intensive sectors account for 46%, Knowledge-intensive services - for 10% and less knowledge-intensive sectors – for 44%. Breakdown of investments in Manufacturing is as follows: 26% in High-technology firms, 24% in Medium-high technology; 15% in Medium-low technology and 35% in Low technology. Investment patterns of different Latvian VC funds’ managers vary substantially. For example, investments in High-technology and High-tech knowledge-intensive sectors were made only by three of five Latvian fund managers. Other two invested heavily in Low Technology and Less knowledge-intensive sectors. Industry-related knowledge and experience accumulated in particular fund management team presumably is an explanation of the variances in the patterns.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46241608","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}
Syndicated loan agreement allows for lenders often from different jurisdictions to finance the borrower and its project for which the loan is granted. The syndicated loan agreement comprises of tax clauses designed to regulate situations in which any funds transfer under the loan agreement may be taxed and generate additional costs. With the special role of syndicate agent, the loan agreement sets out rules for tax deduction and payment mechanisms. The purpose of this article is to introduce the reader to tax clauses of syndicated loan agreement with a focus of a role of a syndicate agent. Analysis of each tax clause will focus on determining the purpose of each tax clause and the purpose of tax clauses in syndicate of a loan agreement in general.
{"title":"Tax Clauses in Sindicated Loan Agreement","authors":"K. Szulc, Jan Głuchowski","doi":"10.13165/IE-19-13-1-01","DOIUrl":"https://doi.org/10.13165/IE-19-13-1-01","url":null,"abstract":"Syndicated loan agreement allows for lenders often from different jurisdictions to finance the borrower and its project for which the loan is granted. The syndicated loan agreement comprises of tax clauses designed to regulate situations in which any funds transfer under the loan agreement may be taxed and generate additional costs. With the special role of syndicate agent, the loan agreement sets out rules for tax deduction and payment mechanisms. The purpose of this article is to introduce the reader to tax clauses of syndicated loan agreement with a focus of a role of a syndicate agent. Analysis of each tax clause will focus on determining the purpose of each tax clause and the purpose of tax clauses in syndicate of a loan agreement in general.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46701391","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}
The paper studies the current situation in the agricultural sector of Georgia, its impact on the country’s economy and possibilities of development. Agriculture is a traditional sector and it has always played an important role in economic and social development of Georgia. The country has favorable conditions for the development of agricultural sector. Despite urbanization processes in recent years, about half of Georgian population still lives in rural areas and most of them are employed or self-employed in this sector. Therefore, the level of development of agriculture in the country impacts the lives of significant share of the country’s population. Agriculture has been paid more attention by the government of Georgia in recent years. In particular, various programs and projects have been initiated and implemented in this direction. These programs aim at encouraging the development of various agricultural activities as well as development of processing industry, which will lead to increasing production and export of Georgian agricultural products. However, currently, development of agricultural sector in Georgia significantly lags behind other sectors of the economy mainly due to insufficient financing of this sector, lack of access to relevant technologies and lack of development of processing industry for raw agricultural materials. Therefore, a number of measures, like scientific-research activities, increasing the awareness of farmers, introduction of technological novelties and improvement of agro-insurance system that will enhance the competitiveness of the sector still need to be implemented.
{"title":"THE MECHANISMS OF STATE MANAGEMENT IN AGRICULTURAL SECTOR OF GEORGIA","authors":"Nino Paresashvili, N. Damenia","doi":"10.13165/ie-19-13-2-01","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-01","url":null,"abstract":"The paper studies the current situation in the agricultural sector of Georgia, its impact on the country’s economy and possibilities of development. Agriculture is a traditional sector and it has always played an important role in economic and social development of Georgia. The country has favorable conditions for the development of agricultural sector. Despite urbanization processes in recent years, about half of Georgian population still lives in rural areas and most of them are employed or self-employed in this sector. Therefore, the level of development of agriculture in the country impacts the lives of significant share of the country’s population. Agriculture has been paid more attention by the government of Georgia in recent years. In particular, various programs and projects have been initiated and implemented in this direction. These programs aim at encouraging the development of various agricultural activities as well as development of processing industry, which will lead to increasing production and export of Georgian agricultural products. However, currently, development of agricultural sector in Georgia significantly lags behind other sectors of the economy mainly due to insufficient financing of this sector, lack of access to relevant technologies and lack of development of processing industry for raw agricultural materials. Therefore, a number of measures, like scientific-research activities, increasing the awareness of farmers, introduction of technological novelties and improvement of agro-insurance system that will enhance the competitiveness of the sector still need to be implemented.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262477","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}
It’s proved that one of the main factors of effective activity of agrarian enterprises is the effective scenario planning, which would ensure qualitative and most complete modeling of the development options of the enterprise. A focused strategy is a prerequisite for ensuring strong market positions of the company and achieving its high financial performance in the long run. The aim of the work is to study the scenario approach as a method for managing the development of agrarian enterprises. The authors formulated the main uncertainties that have an impact on the future development of agrarian enterprises by using the scenario approach. The developed scenario is the preliminary information on the basis of which further work is performed on forecasting of the main indicators of the production activity of agrarian corporations or the development of an information project option. It enables the presentation of a complex problem, provides a transition to a formal image of the system in the form of charts, tables for conducting expert surveys and other methods of system analysis.
{"title":"SCENARIO MODELING OF FINANCIAL RESOURCES AT THE ENTERPRISE","authors":"M. Ilchuk, N. Davydenko, Y. Nehoda","doi":"10.13165/ie-19-13-2-05","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-05","url":null,"abstract":"It’s proved that one of the main factors of effective activity of agrarian enterprises is the effective scenario planning, which would ensure qualitative and most complete modeling of the development options of the enterprise. A focused strategy is a prerequisite for ensuring strong market positions of the company and achieving its high financial performance in the long run. The aim of the work is to study the scenario approach as a method for managing the development of agrarian enterprises. The authors formulated the main uncertainties that have an impact on the future development of agrarian enterprises by using the scenario approach. The developed scenario is the preliminary information on the basis of which further work is performed on forecasting of the main indicators of the production activity of agrarian corporations or the development of an information project option. It enables the presentation of a complex problem, provides a transition to a formal image of the system in the form of charts, tables for conducting expert surveys and other methods of system analysis.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262581","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}
The ability to innovate determines the competitive level of enterprises in modern economic conditions. It essentially depends on the level of innovation activity, which is impossible without adequate financial support. The question of financial security is relevant if we consider the shortage of our own financial resources and the complexity of attracting investments. The purpose of the work is to study the innovation activity of Ukrainian enterprises by sources of their financing and the development of practical recommendations for choosing the optimal model of influence on innovation efficiency of innovation support. Results of the research - a rating assessment of the development of innovation activity in Ukraine was carried out and a correlationregression analysis was conducted to assess the impact of innovation support on innovation efficiency. The practical significance of the results obtained is the application of correlation-regression analysis, which makes it possible to assess the impact of innovation support on innovation efficiency and to implement the forecast of enterprise innovation development.
{"title":"FINANCIAL SUPPORT FOR THE DEVELOPMENT OF INNOVATION ACTIVITIES","authors":"N. Davydenko, Alina Вuriak, Z. Titenko","doi":"10.13165/ie-19-13-2-06","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-06","url":null,"abstract":"The ability to innovate determines the competitive level of enterprises in modern economic conditions. It essentially depends on the level of innovation activity, which is impossible without adequate financial support. The question of financial security is relevant if we consider the shortage of our own financial resources and the complexity of attracting investments. The purpose of the work is to study the innovation activity of Ukrainian enterprises by sources of their financing and the development of practical recommendations for choosing the optimal model of influence on innovation efficiency of innovation support. Results of the research - a rating assessment of the development of innovation activity in Ukraine was carried out and a correlationregression analysis was conducted to assess the impact of innovation support on innovation efficiency. The practical significance of the results obtained is the application of correlation-regression analysis, which makes it possible to assess the impact of innovation support on innovation efficiency and to implement the forecast of enterprise innovation development.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262588","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}
Despite the difficult period for retail, Russian retail chains continue to develop and find new resources to improve the efficiency. The largest retail chains are expanding markets and continue to grow steadily. However, modern economic conditions place high demands on the activities of managers and staff in retail. Moreover, the unstable external environment forces the management to look for new opportunities of improving their enterprises competitiveness. An organizational culture is the important resource for improving the retail enterprise efficiency. Nevertheless, the effective organizational culture can be built only on the shared values of all staff. The article describes the results of the study of value orientations of managers and subordinates in connection with their work activity. We analyzed the "TD Intertorg" ("Narodnaya 7-ya Family") which was one of the largest food retail companies in St. Petersburg. We used the formalized survey methodology to study the value orientations of 170 employees of the company. We identified and characterized the differences in the value orientations of the administrative, retail and operational staff with high and low labor activity. Also we defined the key values for the creation of the organizational culture that increases the efficiency of the personnel of the retail company. We offered the mechanism of development organizational culture for the trade enterprise on the basis of values compatibility of the managers and subordinates. The results help us to optimize business communication process and improve the efficiency of the retail enterprise.
{"title":"Internal Resources of Increasing Retail Efficiency","authors":"E. Korchagina, L. Desfonteines","doi":"10.13165/ie-19-13-2-03","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-03","url":null,"abstract":"Despite the difficult period for retail, Russian retail chains continue to develop and find new resources to improve the efficiency. The largest retail chains are expanding markets and continue to grow steadily. However, modern economic conditions place high demands on the activities of managers and staff in retail. Moreover, the unstable external environment forces the management to look for new opportunities of improving their enterprises competitiveness. An organizational culture is the important resource for improving the retail enterprise efficiency. Nevertheless, the effective organizational culture can be built only on the shared values of all staff. The article describes the results of the study of value orientations of managers and subordinates in connection with their work activity. We analyzed the \"TD Intertorg\" (\"Narodnaya 7-ya Family\") which was one of the largest food retail companies in St. Petersburg. We used the formalized survey methodology to study the value orientations of 170 employees of the company. We identified and characterized the differences in the value orientations of the administrative, retail and operational staff with high and low labor activity. Also we defined the key values for the creation of the organizational culture that increases the efficiency of the personnel of the retail company. We offered the mechanism of development organizational culture for the trade enterprise on the basis of values compatibility of the managers and subordinates. The results help us to optimize business communication process and improve the efficiency of the retail enterprise.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262546","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}
Roman Logosha, I. Moroz, N. Semenyshena, A. Chykurkova
The article substantiates and proposes a new solution to the scientifically applied problem of identification of the universal market methodology (on the example of Ukrainian market of vegetable products). The author's position assumes the combinatorial content of the capitalist vector of development of the market institute, which, covering the period of the last 400 years, combines the influence of two trends: on the one hand, the immutability of the fundamental principles of market organization and the laws of its functioning under conditions of economic liberalism; on the other hand, a constant search for opportunities to increase the functionality of the market through its reorganization and transformation. Accordingly, the correction of the paradigm of the capitalist market was historically carried out under the influence of changes in such priorities: regulations, social standards, criteria of economic and social efficiency of market mechanisms, the content of operational management in achieving market efficiencies, etc. These trends conceptually reflect the role of traditional factors of influence in market theory, as well as universal mechanisms for improving the market. At the same time, the theoretical basis of the author's research was the position on the determining role of the market type through a description of the logical, envisioned, projected and capable of correction of economic relations within the limits of the given institute. Taking into account the results of theoretical and applied research, the typology of market models, which reflects the real processes occurring in the conditions of a transitory and emerging market, is substantiated. The developed positions provide an opportunity to solve the problem of choosing and forming an optimal variant of the market model based on existing external and internal limitations, as well as specification of conditions for its operation. The theoretical basis of the concept of the post-industrial model of the market were the initial positions of the classical, neoclassical and neoinstitutional theories, interpreted in the work as a synthesized model of the market institute, which corresponds to the needs of the post industrial society type. The justification of this is made on the basis of the own interpretation of the conceptual-categorical apparatus of the market theory, which enables the original description of causal relationships between the results of the activities of market entities and conditions that are formed at a certain period of time, as well as a set of socio-economic indicators that ultimately characterize the degree of effectiveness and efficiency of the market institute. The relevant methodological apparatus contains a set of logically interpreted criteria and indicators for assessing the state, problems and perspectives of a representative market.
{"title":"MARKET INSTITUTE: RESEARCH METHODOLOGY IN CONTEXT OF BASIC COGNITIVE APPROACHES","authors":"Roman Logosha, I. Moroz, N. Semenyshena, A. Chykurkova","doi":"10.13165//ie-19-13-2-09","DOIUrl":"https://doi.org/10.13165//ie-19-13-2-09","url":null,"abstract":"The article substantiates and proposes a new solution to the scientifically applied problem of identification of the universal market methodology (on the example of Ukrainian market of vegetable products). The author's position assumes the combinatorial content of the capitalist vector of development of the market institute, which, covering the period of the last 400 years, combines the influence of two trends: on the one hand, the immutability of the fundamental principles of market organization and the laws of its functioning under conditions of economic liberalism; on the other hand, a constant search for opportunities to increase the functionality of the market through its reorganization and transformation. Accordingly, the correction of the paradigm of the capitalist market was historically carried out under the influence of changes in such priorities: regulations, social standards, criteria of economic and social efficiency of market mechanisms, the content of operational management in achieving market efficiencies, etc. These trends conceptually reflect the role of traditional factors of influence in market theory, as well as universal mechanisms for improving the market. At the same time, the theoretical basis of the author's research was the position on the determining role of the market type through a description of the logical, envisioned, projected and capable of correction of economic relations within the limits of the given institute. Taking into account the results of theoretical and applied research, the typology of market models, which reflects the real processes occurring in the conditions of a transitory and emerging market, is substantiated. The developed positions provide an opportunity to solve the problem of choosing and forming an optimal variant of the market model based on existing external and internal limitations, as well as specification of conditions for its operation. The theoretical basis of the concept of the post-industrial model of the market were the initial positions of the classical, neoclassical and neoinstitutional theories, interpreted in the work as a synthesized model of the market institute, which corresponds to the needs of the post industrial society type. The justification of this is made on the basis of the own interpretation of the conceptual-categorical apparatus of the market theory, which enables the original description of causal relationships between the results of the activities of market entities and conditions that are formed at a certain period of time, as well as a set of socio-economic indicators that ultimately characterize the degree of effectiveness and efficiency of the market institute. The relevant methodological apparatus contains a set of logically interpreted criteria and indicators for assessing the state, problems and perspectives of a representative market.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66260203","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}
S. Kvasha, L. Pankratova, V. Koval, R. Tamošiūnienė
The purpose of this paper is deal with possible ways of illegal profit shifting abroad, in particular through export trade of agricultural products. In order to test the hypothesis on asymmetry between indicators of exports/imports between Ukraine and its trading partners, there was carried out a comparative analysis by means of the mirror statistics method. The comparison of indicators of products exports/imports by the method of mirror statistics confirmed the hypothesis regarding the asymmetry of these indicators in international trade. There have been analyzed the world experience in combating tax evasion and profit shifting abroad as well as the steps taken by Ukraine in this area, in particular the introduction of transfer pricing as a barrier to the hidden capital outflow from the country. The authors’ main contributions are discovered asymmetry of mirror data such as price, trade value and weight of Ukrainian grain. As a result, the mirror prices of imports of the partner country are significantly higher than the export prices of Ukrainian grain (IAp – 1,20-1,67), whereas for the USA, France, Germany revealed a lack of significant difference between mirror prices for some largest trading partners (IAp – 1,02-1,15). This is a confirmation of shifting profits from Ukraine in order to place them in more reliable jurisdictions and evidence base for the introduction of more stringent measures such as transfer pricing.
{"title":"Illicit Financial Flows in Export Operations with Agricultural Products","authors":"S. Kvasha, L. Pankratova, V. Koval, R. Tamošiūnienė","doi":"10.13165/ie-19-13-2-10","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-10","url":null,"abstract":"The purpose of this paper is deal with possible ways of illegal profit shifting abroad, in particular through export trade of agricultural products. In order to test the hypothesis on asymmetry between indicators of exports/imports between Ukraine and its trading partners, there was carried out a comparative analysis by means of the mirror statistics method. The comparison of indicators of products exports/imports by the method of mirror statistics confirmed the hypothesis regarding the asymmetry of these indicators in international trade. There have been analyzed the world experience in combating tax evasion and profit shifting abroad as well as the steps taken by Ukraine in this area, in particular the introduction of transfer pricing as a barrier to the hidden capital outflow from the country. The authors’ main contributions are discovered asymmetry of mirror data such as price, trade value and weight of Ukrainian grain. As a result, the mirror prices of imports of the partner country are significantly higher than the export prices of Ukrainian grain (IAp – 1,20-1,67), whereas for the USA, France, Germany revealed a lack of significant difference between mirror prices for some largest trading partners (IAp – 1,02-1,15). This is a confirmation of shifting profits from Ukraine in order to place them in more reliable jurisdictions and evidence base for the introduction of more stringent measures such as transfer pricing.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262641","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}
Factors that determine the effect of using automated management systems (AMS) in logistics are no longer just industrial, but also social and environmental, related to different structures in different parts of the world. In the current stage of industrial development, they are already forming the concept of modern production development using artificial intelligence and in logistics. Technological impacts dictate the tendency to continuously reduce manual, heavy and unattractive labor at the expense of higher productivity. The social aspect demands the discovery of new or preserving old jobs, and the environmental aspect imposes a lasting trend towards compliance with environmental standards and sustainable development parameters. The purpose of this report is to explore these differently impacting factors and on this basis to build an AMS of logistics across the value chain with the ability to incorporate digital intelligence.
{"title":"OPPORTUNITIES TO INTEGRATE DIGITAL INTELLIGENCE INTO AN AUTOMATED LOGISTICS MANAGEMENT SYSTEM ALONG THE VALUE CHAIN","authors":"S. Demirova","doi":"10.13165/ie-19-13-2-11","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-11","url":null,"abstract":"Factors that determine the effect of using automated management systems (AMS) in logistics are no longer just industrial, but also social and environmental, related to different structures in different parts of the world. In the current stage of industrial development, they are already forming the concept of modern production development using artificial intelligence and in logistics. Technological impacts dictate the tendency to continuously reduce manual, heavy and unattractive labor at the expense of higher productivity. The social aspect demands the discovery of new or preserving old jobs, and the environmental aspect imposes a lasting trend towards compliance with environmental standards and sustainable development parameters. The purpose of this report is to explore these differently impacting factors and on this basis to build an AMS of logistics across the value chain with the ability to incorporate digital intelligence.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262653","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}
The article deals with the concept of digitization of the economy. There is the comparative interpretation of it in different sources by different authors. The author's approach to the content of the definition of the digitization of the economy is given. The innovative approaches to the definition of the digitization of the economy at the present stage of enterprise development are presented. The conclusion is made on the importance of developing digital technologies on the basis of innovative development.
{"title":"INNOVATIVE APPROACHES TO DETERMINATION OF ECONOMIC DIGITIZATION IN THE MODERN STAGE OF ENTERPRISE DEVELOPMENT","authors":"Alla Vasilevna Cheper, N. Chernikova","doi":"10.13165/ie-19-13-2-02","DOIUrl":"https://doi.org/10.13165/ie-19-13-2-02","url":null,"abstract":"The article deals with the concept of digitization of the economy. There is the comparative interpretation of it in different sources by different authors. The author's approach to the content of the definition of the digitization of the economy is given. The innovative approaches to the definition of the digitization of the economy at the present stage of enterprise development are presented. The conclusion is made on the importance of developing digital technologies on the basis of innovative development.","PeriodicalId":37115,"journal":{"name":"Intellectual Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66262536","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}
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