Archive of "Business Sciences and Management Journal (BSMJ)"
Volume 2, Issue 9
Sep 2017

Decision making method with paraconsistent annotated logic tools and its application in selection of investment by nancial institutions

Business Sciences and Management Journal (BSMJ), Volume 2, Sep 2017

View Abstract   Hide Abstract   |   Purchase PDF
Abstract
New types of logics are capable of handling with contradiction and uncertainty without becoming trivial. One of them is the annotated paraconsistent evidential logic E?. A proposition of E? is of the type p(a, b), in which a and b belong to interval [0,1] and represent respectively the degrees of favorable and contrary evidence expressed by p. The set ? of all pairs (a, b) constitutes a lattice of output values. In this work we present an application of the Paraconsistent Decision Method (PDM) in selection of investments, managed by the para-analyzing algorithm based on this logic.

Author(s): Fabio Romeu de Carvalho

New product development in graduate management educational programs

Business Sciences and Management Journal (BSMJ), Volume 2, Sep 2017

View Abstract   Hide Abstract   |   Purchase PDF
Abstract
It has been approximately twenty years since the inception of the Internet as we know it today. In addition to a vast array of opportunities for increased communication, the Internet and the World Wide Web have ushered in a new form of graduate management education that has significantly increased in popularity and educational value. This new platform for graduate management education provides unique opportunities for the design and development of new higher education programs that better relate to students changing needs. Developing these new educational programs requires enhanced skills, capabilities, infrastructures, and processes. In some form distance education has been available for approximately 100 years. Due to advances in communication technology, distance education programs of the past have blossomed into the variety of graduate management products (courses and seminars) that are now accessible through the Internet. In this paper, we first discuss the literature surrounding distance education with a focus on two major concepts - dialogue and structure - that can be used to describe and measure the studentfaculty educational interface and the quality of distance education programs. Second, we address the changing environmental conditions that have exacerbated contemporary students needs for access with regard to how and where their education is delivered and flexibility relative to when and how students can participate in educational programs. Both access and flexibility can impact the delivery and content of educational programs in important ways. Next, we examine the relationship between dialogue and structure relative to three existing models of distance education that can be employed to deliver graduate management programs. Fourth, we describe an online graduate management education product entitled the student-centric model and compare its features to the three previously described distance education models. Finally, we discuss several issues surrounding the administration of web-based education programs with a continued emphasis on the concepts of dialogue and structure as they relate to the role administrators play in offering quality graduate management educational programs. Throughout our paper, we suggest propositions derived from our discussion that can be developed into testable hypotheses. We conclude by identifying several specific issues warranting further investigation.

Author(s): Murray R. Millson, David Wilemon

AN ASSESSMENT OF THE STATE OF EMPLOYMENT RELATIONS IN MAURITIUS: THE CASE OF THE PUBLIC AND PRIVATE SECTORS

Business Sciences and Management Journal (BSMJ), Volume 2, Sep 2017

View Abstract   Hide Abstract   |   Purchase PDF
Abstract
This paper assesses the state of employment relations in Mauritius by analyzing data from the private and public sector organizations of Mauritius. The paper initially summarises, the theoretical framework governing employment relations and then presents empirical results of the study. The findings are based on two questionnaire surveys, one for management and the other for employees together with unstructured interviews to explore the field. The data used in the paper forms part of a wider study and will contribute to the field of employment relations and open avenues for further research.

Author(s): PRIYA BAGUANT

ARCHITECTURE AND DYNAMICS OF RUSSIANGERMAN ECONOMIC RELATIONS

Business Sciences and Management Journal (BSMJ), Volume 2, Sep 2017

View Abstract   Hide Abstract   |   Purchase PDF
Abstract
Trade and economic cooperation between Russia and Germany is traditionally among the most advanced areas of bilateral relations. In the framework of bilateral cooperation in both directions are the flows of goods, direct investments, credit and financial resources, transport - logistics, construction, consulting services and market know-how, the exchange of labor and high technologies. The overall macroeconomic situation in Russia is clearly not an obstacle to operate on the Russian market, although some accompanying phenomena deter investors. First of all it is necessary to take care of ordering the rules relating to the protection of property, business liability, compliance with contractual relations. It is important not only to decrease taxes, but also to provide tax system to be understandable and transparent, to avoid arbitrary exactions carried out by local authorities. Political stability, reasonable and predictable economic policies and an enabling institutional environment of business in Russia - the most important conditions for the growth of capital investments by German companies in the Russian economy and the development of trade relations. It is also necessary to solve particular problems, especially those related to financial risk coverage, both investors and exporters. It is advisable to raise the question of the establishment of special insurance fund, which would not have proceeded from political problems, and performance evaluations of specific projects for both sides. There are extremely important balanced and worked out laws as well as the presence of mechanisms for their implementation. The Russian authorities must develop and implement a clear strategy to support business in a foreign country and make great efforts to diversify exports, aware that initially it will be associated with certain costs. Priority should be given to the promotion of scientific and technological cooperation between our countries and promoting joint ventures in high technologies. It is exactly in the sphere of high-tech, but not in the primary sector Russia has got a good chances due to the great intellectual potential, and education in Russia is one of the best in the world. Very promising ? although is not granting a quick and large-scale impact ? is supporting participation on our both markets as small as medium-sized firms engaged in production activities. Already established some bases for expansion of mutual presence: only in Moscow there are 739 representative offices and branches of German companies and legal entities in 2110, and in general in Russia there are 5205 German entities. In Germany also there are about 300 Russian trade associations, joint ventures and individual firms.

Author(s): Anton Pakhomov, Viola von Cramon-Taubadel, Marat Balasanyan