Regional authorities consider the expediency of developing a new cargo transportation hub in the region in which it would provide transshipment services. It is considered that each transportation operator working in the region will use these services only if they are competitive with the currently existing ones. This competitiveness for a particular cargo means that the total transportation tariff for moving this cargo does not exceed (substantially or in principle) the (minimal) currently existing one as a result of including a transshipment via the hub in the transportation scheme for the cargo. A verifiable sufficient condition for the transshipment service competitiveness is proposed. Its verification consists of establishing the solvability of a system of linear inequalities being part of the system of constraints in the problem of finding optimal competitive transshipment tariffs for a set of cargoes expected to be moved via the hub. The latter problem is formulated as a quadratic programming one.
This paper represents an empirical examination of the process of banks' growth in Russia during 2004-2010 years. A Stochastic process of growth is modeled by Markov chain theory. Elements in the transition matrices of Markov Chain are the transition probabilities that provide a plausible estimate of how the banking system structure changes from one period to another. markov chain stationarity check revealed three homogeneous periods. Given adequate robustness proof forecasting for 1, 3, and 10 years ahead was done. it is argues number of banks is expected to decrease mostly two times whereas total assets are envisaged to grow more than 2.5 times, but return on assets is unlikely to increase more than by 12% in 10 years by 2020.
Objective: The objective of this paper is to consider the CAPM, to determine its most disputable points, to identify concepts defining and supplementing the points of the model. The article ends with an example of calculation of the cost of equity for a company of a forestry sector of Russia, which makes it possible to prove the need to consider industry and specific peculiarities upon calculation of the company’s equity cost.
Contribution & Value Added: The originality of the research is based on the assessment of the effects of non-systematic risks on investment projects in the forestry sector in Russia. This covers the following problems that have been solved: assessment of the state of the Russian forest-based sector based on the SWOT analysis; the analysis of the CAPM- concept while implementing investment projects in the forest-based sector of Russia; non-systematic risk identification and assessment that affect the realization of the investment projects in the forest-based sector of Russia; the financial and economic assessment of the impact of non-systematic risks on the project implementation in the forestry sector of Russia.
Numerous studies have examined the growth rate and the level of development of countries. According to economy, sociology, and even history, it can be easily observed that knowledge is one of the most important indicators for countries to achieve sustainable growth and development. Education is seen as the main input for a society to be considered a “knowledge society,” and the aim of this study is to investigate this multidimensional character of education. In the scope of the study, United Nations Public Administration Network (UNPAN)’s Knowledge Society Index is reviewed and recalculated with respect to different variables to understand the significance of being a knowledge society for the economic g rowth of a country. Regarding this recalculation, another important aim of the study is to rank Turkey in the recalculated index and try to expose reasons for its actual situation. In this context, Turkey’s strengths and weaknesses are set out. In conclusion, in accordance with the determinations, policy recommendations to authorities are also included.
Мы предложили новый метод проведения выборов на основе правила передачи голосов и создали обобщенную схему, описывающую классические методы (метод Грегори, включающий метод Грегори, взвешенный включающий метод Грегори), как итеративную процедуру. Мы также предложили модификацию определения квоты, улучшающую теоретические свойства процедуры. Новый метод обоснован множеством аксиом. Мы показали, что этот метод является расширением взвешенного включающего метода Грегори с модифицированным определением квоты и равновероятным отбором выигрывающей коалиции на каждой итерации. Результаты обобщены для методов, позволяющих передавать дробное число голосов.
Some Internet stores manage to charge prices that are significantly higher than market averages, therefore, obtaining some sort of price premium. This paper is dedicated to building a model that can be used to explain and predict a typical price premium that an Internet store charges for a specific product based on the information about the characteristics of the store and the features of the market for this product. Such models can provide support for pricing and assortment decisions: in particular, they allow detecting products that a store is likely to sell with the highest or the lowest markup based on price premia that are charged by stores with similar characteristics on similar markets.