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Open access

Orsat Miljenić

Abstract

The Energy Charter Treaty (ECT) in its Part III which regulates standards of protection guaranteed to foreign investors by the ECT States members, together with the Article 24 of the ECT, constitutes a kind of autonomous investment treatment within the ECT. The ECT provides for a very broad spectrum of standards of protection: fair and equitable treatment; most constant protection and security; prohibition of unreasonable or discriminatory measures; „umbrella clause”; national treatment; most favoured-nation standard and effective means to assert the claims. It can be said that at the time of its drafting the ECT enclosed all standards of protection as recognized in BITs and NAFTA. There have been more than 100 publicly known investment arbitration cases where the ECT was invoked, more than 30 of which concluded by arbitral awards. This comprehensive arbitral practice strongly influences the practice applying other IIAs and vice versa.

Open access

Vlado Popović, Borut Jereb, Milorad Kilibarda, Milan Andrejić, Abolfazl Keshavarzsaleh and Dejan Dragan

Abstract

Improvements in battery technology make electric vehicles more and more suitable for the use as electricity storages. Many benefits could be achieved by using electric vehicles for storing electricity in their batteries. This paper talks about the idea of electric vehicles as electricity storages in electric power systems. The idea has a great number of supporters, but also a significant part of the professional community believes that is unfeasible. This paper is not classified in either side and strives to give a realistic picture of this idea. For this purpose, findings from papers published in scientific journals are mainly used. There is also some information from websites, mainly for some technical issues. Partly, the opinions of the authors are present. Specificities of EVs and EPSs that enabled the birth of this idea are explained along with proposed concepts through which the idea can be implemented. Keeping with the vehicle to grid concept, issues about the implementation of the idea are considered. Achievements in the practical realization of the idea are also presented.

Open access

Donna L. Hoffman and Thomas P. Novak

Open access

Rudolf Aunkofer

Abstract

The classical customer journey with its touchpoints is transformed into a lifelong, interactive customer relationship within an IoT-based product-service ecosystem. The customer journey happens in multiple, partially automatic loops that make it significantly less predictable for manufacturers and retailers. For many product categories, the IoT is not going to take off until providers and retailers succeed in getting at what their customers really want. For one thing, they need to better understand individual usage behavior, and for another, there is a need to better personalize products and services, creating emotional and situation-specific customer experiences. Expanding the ability of digital products to communicate with each other, to record and analyze usage behavior and to implement concrete product improvements will be decisive. If customer centricity is reinvented in the IoT space, customers will see a real value and smart products will replace classical products in the next five to ten years.

Open access

Donna Hoffman, Tom Novak and Linden Tibbets

Abstract

IFTTT is a neutral platform that offers easy and free ways to get all your apps and devices talking to each other. Millions of users worldwide have enabled more than 75 million Applets for over 600 services that already cooperate with the platform. Linden Tibbets, co-founder and CEO of IFTTT, explains that everything in the future will be a digital service. Connecting all these services is a tricky task and many companies are struggling with making these connections. Tibbets explains how the IFTTT platform tackles these interfaces and functions and how end users and companies can get more value from being able to connect just about everything with everything.

Open access

William Rand

Abstract

What consumers notice from the IoT is just the tip of the iceberg. Underneath the surface, dozens of applications are communicating and interacting with each other. A brand that wants to succeed in this complex environment needs to work within this network and make sure that its messages are the ones that filter all the way through and ultimately reach the consumer. IoT designers need to make sure that products and devices can only send and receive valid messages and consider the ramifications of those messages on the rest of the system. If security is underestimated, the whole system and the consumers are put at risk. Further, it is important to collect and examine the data that the interactions generate to better understand the usage of IoT-enabled products and their interactions with other elements of the complex network.

Open access

Jakob Marolt and Tone Lerher

Abstract

Our research objective is to lower intralogistics costs by minimizing the number of shuffling operations in a steel plant company commercial warehouse. The process of dispatching products consists of retrieving set of steel bar (SSB) from a floor stored stack or a special stacking frame by an overhead crane. To retrieve a targeted merchandise all SSB above targeted must be reshuffled. Proper assignment of storage locations is a key logistics problem for efficient order picking. We are comparing two heuristics, that do not require information of dispatching sequence of any stored products. We simulated the problem at hand with both methods. Our objective is to count the number of reshuffles using each heuristic on randomly generated examples and decide which is better in the long run. Our problem has similarities with storage assignment of steel plates or steel coils for minimization of reshuffling operations. The problem is also comparable to storage assignment of containers in a container yard. In our case we are dealing with a special stacking configuration of products, that demands different approach. We want to demonstrate which heuristic should be used in companies that lack necessary storage information infrastructure.

Open access

Natalia Scacun and Irina Voronova

Abstract

The article represents the bibliometric analysis of risk assessment in Baltic countries relying on scientific database. The purpose of this analysis is to study trends and development of scientific research when evaluating financial risks as well as reveal resources with high impact to apply content analysis that could be used for future research on the topic. The applied investigation methods were chosen based on the analysis of existing scientometric data: the number and dynamics of published documents; their subject area and type; territory/country; source title; affiliation; authors; h-index; citation overview followed by search results as well as adopting search references to reveal the used and cited documents. The authors also present the applied deduction of trends between enterprise death rate in Latvia, Lithuania, and Estonia and the number of documents in the referenced period. This study demonstrates that the amount of research increased significantly when countries face rises in enterprise death rates.

Open access

Funsho Idowu Obakemi

Abstract

Road traffic safety among socioeconomic issues has become the major concern across the globe due to rise in road crashes attributed largely to human factor. This study tends to address attitudinal behavior of road users towards road ethics in Ilorin metropolis-Nigeria; covering both driver and motorcyclists and perception of motorists on road traffic enforcement agent. Questionnaire was employed as survey tools. Ordered logistic model were used to analyse the data on attitude of motorists and road traffic laws enforcement agents. About 87% of the 440 administered questionnaire were returned valid. A 3-model analysis was carried out and the findings showed that the attitude of the motorists, road traffic law enforcement agents and demographical index (gender, age and education) correlated with, and influence compliance with road traffic laws.

Open access

Lyudmyla Deshko

Abstract

This article lists the content and deals with the criteria for assessing the presence or absence of material damage suffered by the applicant to the European Court of Human Rights, the subject of entrepreneurship, as a new condition for the admissibility of an individual application. The article establishes that the list and content of the criteria for assessing the presence or absence of material damage suffered by the applicant to the European Court of Human Rights are different for individuals and for legal entities – business entities. Moreover, the article initiates a discussion on the list and content of these criteria for the subjects of entrepreneurship – the applicants to the European Court of Human Rights. In the light of the Court’s practice, the author reveals their content as well as legal categories such as ‘substantial harm’, ‘financial harm’, ‘pecuniary damage’, ‘non-pecuniary damage’ incurred by the applicant, the subject of entrepreneurship, and highlights the issues to which objectives may be caused by ‘moral harm’ in case of violation of the rights of the subject of entrepreneurship.