International Journal of Innovative Technologies in Economy

ANALYSIS OF WASTE CONTAMINATION IN AJARA REGION'S MOUNTAIN RIVERS AND ITS FINANCIAL EXPENSES

Guram Darchidze — Sat, 25 May 2024 00:00:00 +0000

Anthropogenic impact did not go beyond water resources therefore, the study of water resources and its rational use is of great importance for the development of the country. Ajara is one of the most beautiful and strategically important regions of Georgia due to its location, wealth of flora and fauna, tourism and recreation. In this region we find a hydrological network of medium length and small rivers. As a result of anthropogenic influence, the river water is polluted both chemically and biologically. The practical significance of this research is as follows: determination of the level of biological pollution for monitoring the quality of surface water in the Ajara region, laboratory analyzes and inspection of river basins, after which a plan and cost estimate will be developed, what financial resources will be needed for laboratory studies of existing pollution. As a result of the mentioned studies, the foundation will be laid for the creation of databases on the state of rivers in the Ajara region, based on which it will be possible to plan and carry out future works, which in turn will definitely have a positive impact on the local population and the interests of the country. The Autonomous Republic of Ajara was selected for the study, where for the first time the main polluting circumstances and sources of a certain number of rivers are observed and the underlying causes determined. 10 independent catchment rivers were selected for pollution study using laboratory analysis. In each river, laboratory sampling points were selected and laboratory analyzes were carried out for pH, E. coli, nitrites, total coliform bacteria and streptococci parameters. The article presents the results of the research process and the cost per sampling location, totaling the cost for 10 rivers that will be needed to continue the mentioned studies in the future.

The article is completed with the support of the Shota Rustaveli National Science Foundation of Georgia (SRNSFG). Project No. PHDF 22-2127.

ECOTOURISM INITIATIVES CONTRIBUTION TO IMPROVED LIVELIHOODS: A CASE OF UMKHANYAKUDE DISTRICT MUNICIPALITY

Fikile Xaba, Eyitayo Francis Adanlawo, Nomusa Yolanda Nkomo — Mon, 20 May 2024 00:00:00 +0000

South Africa adopted tourism policies that advocate the active participation and involvement of local communities in ecotourism initiatives to improve sustainable livelihoods. This study investigated the contribution of ecotourism initiatives to improved livelihood of UMkhanyakude District Municipality. Eight (8) participants each from four local municipalities, making a total of 32 were purposively interviewed. Data from the participants were processed through the ATLAS TI application. The results revealed that ecotourism contributes to improved livelihood and has also put pressure on community assets such as land, wildlife and cultural practices. The study concludes that despite the prevailing challenges, opportunities exist regarding improvement in the implementation of ecotourism projects and the beneficiation of local communities. The study recommends that ecotourism policy practice at local government level be focused on local communities rather than economy and the tourism industry's commercial sector.

UNDERSTANDING VOLATILITY IN FINANCIAL MARKETS: A ROADMAP FOR RISK MANAGEMENT AND OPPORTUNITY IDENTIFICATION

Orkhan Vagif Rustamov — Mon, 10 Jun 2024 00:00:00 +0000

Volatility in financial markets has long been recognized as a crucial metric for risk management and opportunity assessment. This paper explores the significance of volatility as a key indicator in financial markets, its role in managing risk, and its potential as a roadmap for identifying opportunities and challenges. Drawing upon an extensive literature review and quantitative analysis, we delve into various aspects of volatility, including its measurement, implications, and applications. The methodology encompasses a comprehensive examination of historical market data, employing standard deviation and GARCH models to estimate volatility measures. The findings highlight the importance of understanding volatility dynamics for effective decision-making in financial markets. Key results include the identification of volatility clustering behavior, the significance of implied volatility in reflecting market sentiment, and the critical role of volatility in risk management and asset allocation. The discussion emphasizes the theoretical and practical implications of the research, offering valuable insights for investors, policymakers, and researchers. This study contributes to the ongoing discourse on volatility in financial markets, providing a robust framework for navigating the complexities of market dynamics and identifying potential opportunities amidst uncertainty.

THE IMPORTANCE OF COMPETITION IN THE FORMATION OF A FAVORABLE BUSINESS ENVIRONMENT

Zaur Asadzade — Sun, 26 May 2024 00:00:00 +0000

In the realm of economic theory and practice, competition stands as a cornerstone in shaping a conducive environment for businesses. This article delves into the paramount importance of competition in fostering innovation, efficiency, and ultimately, economic growth. By analyzing the multifaceted impact of competition on market dynamics, consumer welfare, and industry evolution, it becomes evident that competitive forces play a pivotal role in driving businesses towards excellence and sustainability. Furthermore, the article explores the regulatory frameworks and policies essential for maintaining fair competition, thereby ensuring a level playing field for all market participants. Each independent state, which is a part of the global economy, tries to form a favorable business environment within its borders. It is impossible to form a favorable business environment without forming a favorable competitive environment. Research shows that there is a reciprocal relationship between competition and business. Because a favorable competitive environment forms a favorable business environment, the absence of a favorable business environment results in a favorable competitive environment not being fully formed in that region. In this regard, the article talks about the interaction of both concepts, as well as the exceptional importance of competition in the formation of a favorable business environment. The author considers a favorable competitive environment as a trigger factor for a favorable business environment. In the article, a statistical table was formed with reference to the statistical indicators of the international economic form for the comparison of competitiveness at the global level by evaluating competition, interindustry and intra-industry from different aspects and competitiveness between countries was evaluated from different aspects.

ANALYSIS OF THE LEVEL OF ADOPTION OF LEAN PRACTICES IN THE CONSTRUCTION COMPANIES IN ALGERIA

Amiraoui Akram, Badia Belabed Sahraoui, Salima Rayane Kadri — Sat, 22 Jun 2024 00:00:00 +0000

This article delves into the assessment of the alignment of Lean practices within Algerian construction companies when implementing improvement approaches. It aims to contribute to a deeper understanding of the issues at hand and the anticipated impacts on managerial behavior as a result of implementing Lean construction approaches. These methodologies are seen as pivotal in reducing costs and lead times. This research is a vital component of an analysis that investigates how the implementation of Lean principles aligns with different company types and explores the potential improvements and benefits it can bring. This analysis has become more important as companies increasingly adopt new strategies and managerial values, and enhance their production tools in pursuit of new growth opportunities. These measures are essential for adapting to the growing challenges and changes in today's socio-economic environment. In response to these challenges, we have initiated a study that examines the alignment of Lean practices. This study includes the creation of a questionnaire (133 questions) based on the fourteen Lean principles uses the IEMSE evaluation method. Its main purpose is to address the issue of varying levels of Lean practice implementation and to evaluate compatibility with the specific management systems employed within construction companies.

EURASIAN ECONOMIC UNION AND STANCE OF MONGOLIA

Munkh-Orgil Tuvdendarjaa — Sat, 25 May 2024 00:00:00 +0000

As the development process intensifies in various regions, countries are increasingly cooperating, leading to greater economic interdependence and integration. Europe and Asia, the largest geo-economic region in the world, cover the biggest landmass and are home to 5 billion people, accounting for 72.5% of the world's population (12.5% in Europe and 60% in Asia). Eurasia accounts for 60% of the world's Gross Domestic Product (GDP) and holds three-quarters of the world's discovered energy resources. The region is home to six highly developed economies and hosts most of the world's major players in natural resources, manufacturing, and services. There are over 320 socio-economic alliances in this region, one of which is the Eurasian Economic Union (EAEU). In 2015, the Government of Mongolia and the EAEU signed a Memorandum of Cooperation. In 2015, a joint working group was established by the parties, and its first session was held in Ulaanbaatar. The second session took place in Moscow in 2016. In 2020, Mongolia and the EAEU organized the first consultative meeting to establish a joint research team that would explore the feasibility of concluding a free trade agreement. These efforts demonstrate the need for further research in this area. Therefore, this study aims to investigate some of the fundamental issues regarding the national security of Mongolia and to determine future guidelines and methods within the framework of Mongolia's cooperation with the EAEC.

THE ROLE OF PROMOTION IN IMPROVING BRAND IDENTITY TO ATTRACT STUDENTS ENTHUSIASTS

Anirih, Adinda Nurrahmah Fauji, Siska Ernawati Fatimah — Sat, 25 May 2024 00:00:00 +0000

This study aims to explore the role played by promotion in improving brand identity with the aim of attracting students who want to join Cirebon Football School. The population of this study includes students who are interested in joining the school, with a total sample size of 200 respondents. Sampling was done through purposive sampling technique using a questionnaire as a tool. The research method used is quantitative with data analysis using Structural Equation Modeling - Partial Least Squares (SEM-PLS). The results showed that promotion and brand identity have a positive and significant influence on student interest in joining. This happens because students or potential customers at Cirebon Football School tend to trust and be more interested in a company that has a strong and positive brand identity. Therefore, it is recommended that companies in soccer schools increase promotional efforts and develop various types of promotions to strengthen their brand identity, so as to increase student interest in registering and joining.

THE EFFECTIVENESS OF PRODUCT INNOVATION AND ADVERTISING APPEAL TO INCREASE THE COMPETITIVE ADVANTAGE OF MPV CARS

Anjeli Riana, Leonita Shineas Agustine, Siska Ernawati Fatimah — Fri, 24 May 2024 00:00:00 +0000

The transportation sector in Indonesia has experienced significant growth, particularly in the development of cars. Among the various types of cars, MPV cars have shown remarkable progress. This research aims to enhance the competitive advantage of MPV car companies through product innovation and effective advertising strategies. The study focuses on MPV car users in Cirebon City as the target population. To ensure a representative sample, purposive random sampling technique was employed, resulting in a sample size of 207 participants, determined using Hair's formula. The data analysis method utilized in this study is Structural Equation Modeling-Partial Least Square (SEM-PLS). The findings reveal that advertising appeal has a greater influence on the competitive advantage variable compared to product innovation. This can be attributed to the fact that consumers are initially more interested in learning about the advantages highlighted in advertisements before considering the specific product innovations offered by MPV cars.

DOMINANT FACTORS IN STOCK INVESTMENT CONSIDERATIONS TO MINIMIZE BUSINESS RISK

Anah Tiyana, Hanun Natasya Salimah, Ario Purdianto — Sat, 25 May 2024 00:00:00 +0000

The decline in the Jakarta Composite Index (JCI) was due to sideways price movements. As a result, stock prices in the Consumer Non-Cyclicals sector also fell. This study aims to help investors focus on the most important elements in investing capital in terms of external and internal assessments in the Consumer Non-Cyclicals sector listed on the Indonesia Stock Exchange. The research population is Consumer Non-Cyclicals sector companies. The purposive sampling method was used in sampling so that out of 126 listed companies, only 35 companies fell into the criteria. Factor analysis was conducted using the SPSS 26 program. The results stated that interest rates, inflation, Return On Equity (ROE) were the dominating factors on stock prices. Meanwhile, Debt to Equity Ratio (DER) does not dominate the stock price in Consumer Non-Cyclicals sector companies for the 2018-2022 period.

THE IMPACT OF TIRE PRICE AND SERVICE QUALITY TO IMPROVE CAR TIRE PURCHASING DECISIONS

Auliya Rahman Al Reza, Ikhsan Syaifullah, Ridwan Aji, Siska Ernawati Fatimah — Wed, 26 Jun 2024 00:00:00 +0000

The movement of transportation at this time is very advanced transportation that is often used by humans to facilitate their work is car transportation, with the rapid growth of cars encouraging the development of car tire businesses with quite fierce competition. One of them is a car tire business in Cirebon. This study uses quantitative methods with questionnaire tools. The population of this study were consumers who replaced car tires in Cirebon. The sample of this study amounted to 200 respondents with the sampling technique using purposive sampling. Data analysis techniques using SEM-PLS. The results showed that service quality has a significant impact on tire purchasing decisions compared to tire prices, this is because consumers feel more comfortable if store services communicate clearly and are easily understood by consumers.