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paddy production in Makawanpur”, Agronomy Journal of Nepal, Agron JN, Vol. 1, 2010. [29] C. Dobermann, A. Witt, “A Site-Specific Nutrient Management Approach for Irrigated, Lowland Rice in Asia”, Better Crops International, Vol. 16, No. 1, 2002. [30] P.J. Curran, “Exploring the relationship between reflectance red edge and chlorophyll content in slash pine”, Tree physiology, Vol. 7(1-2-3-4), Pp. 33-38, 1990.

A Portfolio Management Approach in Accounts Receivable Management

The basic financial purpose of an enterprise is the maximization of its value. Trade credit management should also contribute to the realization of this fundamental aim. Many of the current asset management models that are found in financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to another aim (i.e., maximization of enterprise value). The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from an operating risk that is related to purchasers using payment postponement for goods and/or services. The present article offers a method that uses portfolio management theory to determine the level of accounts receivable in a firm. An increase in the level of accounts receivables in a firm increases both net working capital and the costs of holding and managing accounts receivables. Both of these decrease the value of the firm, but a liberal policy in accounts receivable coupled with the portfolio management approach could increase the value. Efforts to assign ways to manage these risks were also undertaken; among them, special attention was paid to adapting assumptions from portfolio theory as well as gauging the potential effect on the firm value.

The effective management approach: integration of business, quality management and knowledge management processes

In the nowadays' dynamic environment only those organizations can survive that are able quickly react to opportunities and threats from the environment and to produce innovation ideas and turn them into products and services at a quicker pace then the competition. Therefore organizations seek different ways how to get ahead competitors. As quality management and knowledge management have proved themselves as perspective fields author of the paper proposes the integrated approach of both areas in order organizations can gain the most possible benefit from applying them. This paper shows the deeper aspects of both of these fields from the point of view of the process approach. Here is discussed the interactions of quality management, knowledge management and business processes. An elaborated organizational business and quality management process chart shows how quality management processes support the organization's management by providing information about system effectiveness, process performance, customer satisfaction and requirements. This information can be successfully used as a basis for decision-making concerning the necessary improvements and organization future goals. An integrated organizational business, quality management and knowledge management process chart demonstrates how effective management of an organization's knowledge assets can help to improve the organization's tasks in the sense of organizational performance, effectiveness and innovations. This paper is a beginning of the research toward the development of knowledge management services for quality management.

similar projects 0.077 7 HSE and rate of incidents in previous projects 0.077 8 Claims and legal issues of the previous projects of the contractor 0.076 9 Documented program of risk management in contractor’s company 0.068 10 Having machinery and equipment appropriate to the project 0.062 11 Accuracy of the documents in the technical proposal 0.061 12 Sufficient knowledge of the site, resources, and labor 0.053 13 Contractor’s past record in terms of observing timing 0.046 Contractor selection framework with the risk management approach Review of the obtained weights


Managerial communication assumes the analyses of the managers’ communicational behaviour, which has as aim fulfilling of tasks and organizational objectives, by working with people. A major objective is: to develop and share the necessary knowledge for growing managerial efficiency - (). As some of the specialists have noticed, (), The management sees communication as tool for achieving the aim, something that is needs to be used in relation with the objectives organization has, taking in consideration the issues related with the analysis of costs and benefits. Various studies have searched to look into this domain within the frames of social responsibility, which does not ignore the responsibility to have respect for the people as well as for the planet. Managers are people which have responsibilities for taking decisions, for the organization as well as for their subsidiaries (). Those people are spending a large part of their time interacting with various types of public, with the structuring of the problems which appear on the various processes, as well as with the establishing of the strategic and main financial decisions and company objectives. The company success assumes the development, motivation and in the very end keeping close well performing employees. It is also necessary that managers are keeping themselves extremely connected to the informational sources in order to be able to react as soon as possible and eventually adjust the objectives and the strategy ().


This paper studies non-indigenous dwarf pine stands in the Hrubý Jeseník Mountains, from the perspective of their spatial and genetic relations to slope phenomena of deformation character. The paper contains a typology of regional slope deformations, data on their spatial distribution and specific properties, including risk estimates of their origination or further development in case of potential future dwarf pine stand clearings, as well as a three-stage categorization of dwarf pine stands based on this tendency. The results were processed using data from literary sources, map documents and aerial photos, as well as an extensive field survey. Three main types of slope deformations were distinguished on sites with highly variable geomorphological features - extensive complex phenomena with numerous subforms, linear debris flows and local shallow landslides. The acquired data show that while dwarf pine stands have no great effect on the development of large slope phenomena, they play a more significant reinforcement role in the prevention of smaller surface deformations, the origination of which is predominantly related to steeper slopes. The results of this study can serve for future decision making on the management of dwarf pine stands

Scenarios for Evaluating a Semantic Project Management Approach

Knowledge regarding closed projects is not sufficiently reused while planning new projects to improve the quality of project management processes. The reason is that current project management systems mainly support the ongoing project phase and do not explicitly consider the initiating and closing phase of a project management life cycle. By implementing semantic technologies within an existing open source project management system, these weaknesses can be improved. This system incorporates and links historical project knowledge that contributes to a more effective setup of upcoming projects. To design, develop and implement such a system we conducted interviews with IT companies regarding the strengths and weaknesses of the project management systems in use. On the basis of the interviews we identified three scenarios, which deal with the most common problems of project management, such as consistent data storage and how to retrieve information. These scenarios, described in this paper, are used as requirements and to evaluate the designed prototype.


The complexity of phenomena in modern society requires rich knowledge and practical abilities. Also, the speed at which information circulates in immense volume inhibits the ability of the interpreter to interpret it in a timely manner. Contemporary society is characterized by dynamism, by continuous renewal. It can only be known by personal, variable, and largely subjective, symbolic interpretations. The transition from knowledge as an ensemble of knowledge, information, data, to knowledge as a set of competencies determines a shift of emphasis in education, from ex-cathedra exposure to learning through experience/practice, transmission and memorization information (information), skills training, and skills. There is a need for the formation of individuals capable of analyzing concrete, new situations, and responding appropriately using logical thinking, problem solving, critical thinking, and divergent thinking skills.


Ever increasingly more, all the actors directly or indirectly involved in the planning processes express the need to know the effects deriving from the implementation of rural development policy. In this direction, evaluation can make an important contribution, fostering the development of a ‘good policy’ as underlined by EU regulations. Among the specific evaluation questions developed by the Common Monitoring and Evaluation Framework, one of them relates to the improvement of governance. Considering the Adaptive Co-Management (ACM) approach’s capacity as a proxy of the quality of network governance, the study aims to propose the ACM theoretical framework as a suitable model with which to study the social interactions between actors in the smallest unit of the LEADER process (i.e., the local action group’s (LAG’s) partnership governance). The proposed methodology is subsequently tested on a specific case study through the evaluation of the partnership governance of two case studies in the South of Italy. The empirical evidence supports the idea that ACM approach may represent a new model to assess the quality of the implementation process of the LEADER Programme. In addition, the ACM approach can lead to a new organizational and self-evaluation model of LAGs which places an emphasis on the importance of the relational process among its members.


The paper presents evidence based brand new approach of the permanent rise of the competences and know-how transfer between researchers, teachers and professionals aiming to ensure the specific expertise of the human resources engaged in energy security management. The approach has a collaborative and integrative nature and relies on the hybridization between energy management, urban development planning, environmental management, civil protection, protection of critical infrastructure and the national security applied fields. The authors redefine the conventional understanding of the energy security by describing a practically oriented integrated approach of teaching energy security, based on 3 separately existing concepts: the concept for smart energy security grid, those for the smart cities and the standard operative procedures applied to energy security management. Smart, Secure and Safe Energy Management (3SEMA) is both behaviorally and technically oriented and presented in a circular chart, involving all actors on certain territory with the purpose to apply smart, secure and safe approach in governing the energy sector, taking into consideration the dynamic technological changes and the concept of intelligent urban use.