RETRACTED: Implementation of Stochastic Analysis in Corporate Decision-Making Models

Lu, Jianrong; Liu, Zhijiang; Tulenty, Dmitry; Tsvetkova, Liudmila; Kot, Sebastian

doi:10.3390/math9091041

Cited by 8 publications

(7 citation statements)

References 35 publications

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“…Information in this paper could be useful also for risk management, which is the process of identifying, assessing and controlling threats to an organization's capital and earnings (Bulinska-Stangrecka and Bagieńska 2018, Lu et al 2021). These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters (Milošovičová et al 2018, Meyer et al 2017, Hussain et al 2020, Gavurova et al 2020a, Kocisova et al 2018.…”

Section: Discussionmentioning

confidence: 99%

Bitcoin price as one of basic cryptocurrencies in relation to the basic stock market's indicators

Korauš¹,

Vagaská²,

Bačík³

et al. 2021

JESI

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During 2020, factors such as the global pandemic, financial uncertainty and the US election saw an increase in the correlation between bitcoin and gold and the stock market. Both bitcoins and gold rose sharply during 2020, thanks to the relentless press of fiat money by governments and central banks that intend to keep their economies afloat as a result of the coronavirus pandemic. As digital gold, BTC appeals to the cashless Internet economy largely for its features, which include continuous price transparency and a lack of restrictions, disruptions or third-party oversight. The paper focuses on the analysis and identification of the relationship between the value of basic cryptocurrencies and gold price movements, as well as the research hypothesis that the value of the most known and used cryptocurrency bitcoin (BTC) increases with the rising price of gold -a special commodity that serves several functions of the world economy. This issue is currently gaining more and more attention also in context of risk management which is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities and mobile commerce in the aspect of the impact of modern technologies and mobile communication platforms on consumer behavior and consumer preferences. Innovatively, we have made our observations of the price of bitcoin in relation to price fluctuations in the gold markets in order to develop a predictive model for simulating the development of the price of bitcoin. The mathematical model was developed on the basis of statistical analysis of the observed data.

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Section: Discussionmentioning

confidence: 99%

Bitcoin price as one of basic cryptocurrencies in relation to the basic stock market's indicators

Korauš¹,

Vagaská²,

Bačík³

et al. 2021

JESI

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“…The government sub-element consists of institutional (e.g., investment and support), financial support (e.g., for R&D), regulatory framework incentives (e.g., tax benefits), research institutes, and venture-friendly legislation. Meanwhile, the leadership sub-element consists of unequivocal support, social legitimacy, open door for advocates, entrepreneurship strategy, and urgency crisis and challenges [11]. The second domain deals with venture-friendly markets for products structured on early customers through early adopters for proof of concept, expertise in productizing, reference customer, and first reviews.…”

Section: Literature Review: Entrepreneurship Ecosystemmentioning

confidence: 99%

Entrepreneurship Ecosystem Performance in Egypt: An Empirical Study Based on the Global Entrepreneurship Index (GEI)

et al. 2021

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Entrepreneurship is a significant economic process in regional economic development. This study aims to analyze the characteristics of the Egyptian entrepreneurial ecosystem by using the global entrepreneurship index (GEI) data from 2006–2017. This empirical study provides an in-depth insight into the Egyptian entrepreneurship ecosystem situation based on GEI methodology and its sub-indexes, pillars, and individual and institutional variables. Results revealed that the Egyptian entrepreneurial “Aspiration” pillars play a promising role in the Egyptian entrepreneurship ecosystem, especially the “Process Innovation” and “Risk Capital” pillars. Although the entrepreneurial “Abilities” pillars appear as shortcomings in the Egyptian GEI, especially the "Opportunity Startup" and "Competition" pillars. Furthermore, Egyptian entrepreneurial “Attitudes” pillars are considered to be the main disadvantage of forming the Egyptian GEI score. Finally, the paper proved that the “Risk Acceptance” and “Networking” pillars appeared as the weakest aspect of the Egyptian entrepreneurship ecosystem. Consequently, developing national policies and strategies to enhance these two pillars will improve the Egyptian GEI score by 2%.

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“…Information management is nothing more than controlling the flow of information processes in order to optimize them. Information management covers both the stage of creating information and organizing its flow, development, storage, distribution, and use [19,20]. Information is a very valuable resource, and the method of its generation may vary and depends largely on the maturity of business processes in the enterprise [21][22][23][24].…”

Section: Information Managementmentioning

confidence: 99%

Management of the Documentation Release by the Programmable Electrical Energy Flow-Individually Made Machine Called Documentomat

2021

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It is well known that in a turbulent world (full of processed information), information has a particularly high value. Wide access to technology makes the data transformation and transmission processes faster and more vulnerable to leaks and unauthorized access. This publication discusses the concept of information security management based on a development of a machine called documentomat. It is the machine built to automatically release documents with regard to high security standards. The entire flow of the documents in the company has been presented and the formalized process of decision-making to develop and finally build above-mentioned machine was described. The problems and doubts raised during the machine building process were presented along with the solutions adopted. The device has been designed, constructed, and programmed within the resources of one micro-sized limited liability company in Europe. Thus, it is the solution working in a real world that may find application in many similar companies, not the theoretical concept only. The final result exceeded the expectations of the project team, leading to strengthening of the competitive position of the company. This occurred through the following aspects: adding significant advantage to its offer, which is the ability to release the documents at any time with regard to high security standards. Moreover, the long-term level of costs of such a solution seems to be very low. During the one year of operation period, two malfunctions took place, each was repaired in just 3 h (repair and improvement, labor only, no spare parts needed). Any further maintenance, repair, or development can be done at very affordable prices, at non-available on the market labor cost, which will potentially further strengthen the impact of the solution on the competitiveness of the company. Improvement in terms of competitiveness of the company and data safety has been gained. The success of this project proves that, in some cases, it is worth to develop the necessary solution within the resources of the company rather than buying one from an external enterprise.

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RETRACTED: Implementation of Stochastic Analysis in Corporate Decision-Making Models

Cited by 8 publications

References 35 publications

Bitcoin price as one of basic cryptocurrencies in relation to the basic stock market's indicators

Bitcoin price as one of basic cryptocurrencies in relation to the basic stock market's indicators

Entrepreneurship Ecosystem Performance in Egypt: An Empirical Study Based on the Global Entrepreneurship Index (GEI)

Management of the Documentation Release by the Programmable Electrical Energy Flow-Individually Made Machine Called Documentomat

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