Although transactions with small amounts of cash are simple and quick, they still present drawbacks. The main issue is to drastically reduce costs for very small electronic payments and solutions have already started to be identified. In this paper, the proposed solution implies aggregating...

The main objectives of this paper are to describe the necessary steps to identify the ultimate owner and to investigate the relation between the ultimate ownership and the financial performance of Romanian mining and quarrying listed firms. The study was conducted for the companies listed on...

The aggregates, like GDP, can be forecasted using two different strategies, the criterion of predictions’ accuracy being used to select the best strategy. The aim of this paper is to find out what is the best strategy to be used in predicting GDP in Romania. In this study, for data series of...

The individual consumer of alcohol, often the household head, loses part of his income to buy alcohol. Excessive consumption of alcohol causes social costs (support costs of illness, family trauma, car accident, job loss and productivity etc.). Its effects on the health of the individual drinker...

Game theory, in its most basic form, considers two or more players and analyses the different strategies that they can use and the effect that these strategies will have on each player. International trade allows countries to use better their resources (labor, technology or capital). Since...

The community service of public utilities has known all through time various regulations and revisions that have been done according to the political, economic and administrative views of that period. In the 1866 Constitution, they were considered as public utilities, whereas Law 129/1938...

EU expansion to 27 Member States has generate challenges in terms of its competitiveness and internal cohesion. The already existing disparities between the Member States and among their regions have deepened. These disparities are generated by the structural deficiencies in key factors of...

University course timetabling is one of the important and time consuming issues that each University is involved with at the beginning of each university year. This problem is in class of NP-hard problem and is very difficult to solve by classic algorithms. Therefore optimization techniques are...

Today’s business, being affected by the continuous changes in economic environment, must reinvent the “prudent risk taking” concept to strike an appropriate balance between risk, return and growth, in order to create lasting value. This paper is focused on describing the nature of risk and...

This case study shows that the company decided to implement Business Process Reengineering (BPR) not only because external environment had changed, but also due to its obsolete business processes and organizational structure. The article will highlight the importance of the organizations'...