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Actual tendencies in the evolution of financial sciences

Abstract

Present article places in the center of attention finance as a science, which examines all relations of distributive and redistributive nature between different economic actors related to the formation and use of monetary resources and funds. Finance has a relatively long history of development, with ongoing substantial transformation. The results of generalization of related studies show that there are three periods in the genesis of finance as a science. First is the scientific status. Second - is related to the transition to the scientific process. The third is the scientific or rational. The fourth period is related to the formation of the neoclassical theory of finance. This transformation takes place so far under the influence of a new factor related to the establishment of the post industrial type economy. Equally important was the process of internationalization and then - of globalization. Last has a double impact. On one side, there is the consolidation of the financial system scientifically accepted as the single global vision on different areas of financial sciences. From the other hand, there is the process of adaptation and development of scientific concepts under the influence of new financial and economic conditions imposed by the superlative form related to globalization. The development of the financial sciences is also related to the need to solve a large complex of important problems of a financial nature, which will ultimately lead to the change of the global financial picture.

Open access
Capability and Maturity. Characteristics Used in Software Reliability Engineering Modeling

Abstract

This paper presents how to use the Capability Maturity Model Integration (CMMI) in software engineering modeling processes. Any variation of CMMI, depending on the scope of application, can also be used to assess the process maturity of an organization. Regarding the Software Reliability Engineering (SRE) process, the activities in the SRE process have been briefly described, noting that the application of SRE in all software-based products leads to good control over the development process.

Open access
Challenges in the Fourth Industrial Revolution

Abstract

The beginning of the twenty-first century represents the beginning of the Fourth Industrial Revolution, which, unlike its predecessors, is characterized by great digitalization, higher connections between physical things and the virtual world, the development of genetics, artificial intelligence, hyper connectivity. These characteristics have generated many changes in the way work is performed. In order to meet these challenges, employees must increase their flexibility in the way they perceive work time, wages, tasks, workspace and so on. And, in an era of technology and digitalization, employees must keep their skills and knowledge, related to new technology, up to date. Several other aspects related to employability will be discussed in this article.

Open access
Communication and didactics, the difficult but needful symbiosis in higher education systems

Abstract

The first purpose of the university system is to deliver qualitative education through solid didactics/educational, but not many university structures seem really interested in the subject.

Sets of laws, measures, rules, and prescriptions of all kinds are in fact relegating it to a corner, making it less and less central and effective while also increasing the difficult to decipher, update and innovate it.

As a matter of fact, the issue of modernization of teaching methods has been tackled decisively by the European Commission, which has placed it among the priorities of its agenda. By acting in this way, EU is manifesting the conviction that a better quality for higher education will determine a growth in development and competitiveness not only for the Union itself but also for the individual universities that will define a strategy to improve the level of their teaching and learning and to give equal importance to research and teaching.

In its report on the theme of modernization and quality of teaching and learning, the European Commission summarizes its conclusions in 16 recommendations, including:

- the need for adequate teaching training for teachers;

- the need for the merits of teachers who make a significant contribution to improving teaching and learning methods to be recognized and rewarded.

But in order to achieve such quality prospects, it is necessary for university teachers to combine the knowledge of their discipline with specific communicative, cognitive and, more generally, relational skills. All this must become a principle of the university teaching of the future.

However, on a practical level, it is not uncommon to meet teachers who are not sufficiently attentive to these dimensions of the teaching-learning dynamic, failing to identify the “language” capable of transferring their theoretical/practical knowledge in the function of real learning of the student.

Open access
Considerations Concerning the Necessity of Existence a Modern Military Information System in the Current Geopolitical and Geostrategic Context

Abstract

The latest military actions carried out at global level have highlighted, besides the number, the quality and diversity of the participants in the multinational operations and the differences, not at all negligible, regarding the capabilities of these actors to participate in military actions characterized by a high technical level and technologically, but not only. One of the areas that generated a real lack of standardization, with obvious impact on the operational compatibility of the various participants was that of communications and informatics and, implicitly, of the insurmountable differences between different information subsystems as parts of the information systems of the multinational operations. From this perspective, it became evident that the performance of each participant in the military actions of a multinational character was and we consider that it will be permanently conferred by their technical ability to cope with the information avalanche and to integrate into the information system of the mission.

Open access
Crucial Directions of the Development of Continuing Education in Russia. Aspects of Quality

Abstract

The development of the lifelong education system is one of the most important areas of educational activity, which implies the continuity of processes in the systems of preschool, general secondary, primary, secondary, higher, postgraduate and additional professional education. The effectiveness and the possibility of educational activities are determined by the interconnections between the various stages of the innovation cycle, producers and consumers of services; firms, market, government and other social partners. Continuing education can be seen as part of a lifelong learning concept. Continuing education is not just a pedagogical system, characterized by certain structural features, functional relationships and teaching technologies, but also a specific component of the whole society. It becomes continuous, connected with life, and not just final, prescribed to a person during his studies at school, secondary school or university. The development of the lifelong education system allows creating all the necessary conditions to ensure the response of the education system to the dynamically changing needs of the individual, society, and the economy. In addition, many scientists note that the continuing education system plays an important role in the formation of personnel for the innovative development of Russian regions. The development of the lifelong education system is aimed at supporting the competent development of the individual, at implementing the concept of developing education. A competency-based approach to education creates all the necessary conditions for the diverse development of the individual, the formation of competencies and personal qualities that allow effective action in various life situations. The concept of lifelong education is based on the principles of continuity, flexibility, fast dynamics associated with changing needs in the labor market, for the implementation of education “not FOR life, but THROUGH life”. The article is devoted to the problem of implementation of continuing education in Russia and its impact on the quality of education in our country.

Open access
Design of Combinational Logic Circuit Prober

Abstract

The objective of this paper is to design and implement a logic circuit prober to display truth tables of a three input combinational logic circuit. The truth table is to be as “1” and “0” on an ordinary 60 MHz oscilloscope. This paper meets this objective by using Lissajous Patterns to plot a “0” or a “1” on the oscilloscope screen. To plot a “0” on the oscilloscope screen, two sinusoidal signals in quadrature are supplied to the two inputs of the oscilloscope with the scope set to X-Y mode. To plot a “1” on the oscilloscope, only the signal to the Y input is allowed to reach the oscilloscope screen. To display all the 32 patterns required to obtain a three input truth table, two staircase waveforms are employed. The staircase waveforms, one eight-step and the other four-step, are added to the two sinusoidal signals to shift the patterns along the X and Y directions to produce all the 32 patterns.

Open access
From the IoT to the IoBT. The Path to Superior Situational Understanding

Abstract

In order to maintain and improve its competitive advantage, the ability of 21st-century armies to recognize, anticipate, adapt and manipulate IoT on the future battlefield is important. The explosive growth of innovation in the commercial sector which utilizes the integration of cloud computing, mobile communications, sensor data collection networks and artificial intelligence is a major challenge for the military. A new concept, still untapped, called the Battlefield Things Internet (IoBT) comes from here.

Open access
Globalisation, migration flows and sustainability

Abstract

The mobility of people is an important theme of geographical research because immigrant currents profoundly transform regional models, mainly urban areas, configuring themselves as a factor of social destabilization, as they change the composition of the population, triggering processes of mutual cultural contamination that are projected on the territory, differentiating it from its geographical surroundings. The contribution, starting from a look at international migration, intends to analyze different aspects related to the phenomenon of mobility such as globalization, sustainability and the role of International Cooperation in the light of the objectives of Agenda 2030 for sustainable development, challenges that concern not only the present, but especially the future.

Open access
The Impact of Government Emergency Ordinance No. 114/2018 on the Profitability of Companies Acting in Energy Domain, Listed on Bucharest Stock Exchange

Abstract

On December 29, 2018, the Government Emergency Ordinance no. 114/2018 has been published. This Ordinance, among others, established a multitude of measures, both economic and fiscal that aimed companies acting in the energy field. The monetary contribution, received from the license holders in the field of energy, was set at the level of 2 %, which means an increase of 20 times of this duty. These companies also have the obligation to sell the natural gas quantities, resulting from the current domestic production activity, at the price of 68 lei / MWh to eligible suppliers and final customers. All these measures have had a direct impact on companies acting in the energy field, affecting their profitability and simultaneously their ability to carry out investment projects. This paper analyzes the way the e companies listed on Bucharest Stock Exchange, acting in energy field, were affected by Government Emergency Ordinance no. 114/2018 measures.

Open access