Assessing the profitability of investment projects using ordered fuzzy numbers

2019

Background: This article is motivated by the fact that most approaches to capital budgeting are deterministic. In reality, the capital budgeting problem is accompanied by the uncertainty and risk associated with dealing with imprecise data. Taking this uncertainty into account when performing analyses and calculations not only helps to better measure the profitability of investment projects, but also to expand the applicability of capital budgeting methods under real-life or uncertain conditions. The major contribution of this paper is the development of a novel approach to assessing the profitability of an investment project in the presence of uncertainty. Methods: We present a novel appro…

Transportation Services as Specific Logistics Projects for Oversized Cargo in Poland

2016

Market observation demonstrates that the transportation-freight forwarding-logistics sector carries out diverse projects based on clients’ orders. The majority of those orders are unique and project related. Recently, the project approach to logistics has gained significance. Logistics project management is a relatively new area of knowledge about logistics and supply chains. The paper presents the essence and characteristics of transportation services as a specific logistics project. The authors characterize the transportation-freight forwarding-logistics sector, with particular focus on the sector of oversized cargo transportation. The demand for such services depends on the industry, ene…

Fuzzy logic-decision-making system dedicated to evaluation of logistics project effectiveness

2016

Background: Project effectiveness is synonymous with project success. It is measured or assessed in terms of the degree to which project objectives are achieved. This paper presents an approach to evaluating the effectiveness of logistics projects. The starting point is the analysis of the current state of knowledge in the area of assessing project effectiveness, including logistics projects. The purpose of the study was to identify the critical factors determining the success of logistics projects and develop a model of logistics project effectiveness. Methods: The paper is based on the available recent scientific-theoretical research and publications and on practical studies in 25 enterpr…

BUDOWANIE KONKURENCYJNOŚCI ORAZ ROZWÓJ RELACJI FIRM SEKTORA MŚP Z OTOCZENIEM SPOŁECZNO-GOSPODARCZYM

2014

Wprowadzenie do przedsiębiorstwa koncepcji społecznej odpowiedzialności biznesu (CSR, Corporate Social Responsibility) jest szczególnie istotne w wypadku firm należących do sektora małych i średnich przedsiębiorstw (sektor MŚP). W sektorze MŚP w ostatnim cza-sie nastąpiła istotna zmiana sposobu prowadzenia biznesu. W systemie produkcyjnym wyróż-nia się coraz więcej zadań o charakterze unikatowym, tak zwanych zleceń typu projekt. Sek-tor MŚP realizujący tego typu zlecenia jest szczególnie narażony na utratę konkurencyjności, gdyż zarządzanie projektami polega na zastosowaniu dużej wiedzy, doświadczeń, narzędzi, metod oraz technik w działaniach planistycznych w celu osiągnięcia lub przewyższe…

LOGISTICS PROJECT PLANNING UNDER CONDITIONS OF RISK AND UNCERTAINTY

2017

The paper discusses highly important issues related to the practice of logistics project planning under conditions of certainty, risk, and uncertainty. This process requires the use of a variety of planning information (complete or incomplete, express or implied) as well as the generation of new knowledge. The decision-making process takes place in a deterministic or an nondeterministic situation; the former involves complete information (i.e., certainty) and the latter incomplete information (i.e., risk and uncertainty). Becoming acquainted with the discussed issues provides valuable practical knowledge that may be helpful in making important decisions when formulating concepts and models …

2016

Knowledge Management in the Project Life Cycle - Initial Research on Polish Smes

2014

Abstract Contemporary organizations run their activities in an environment, which might be defined as fully uncertain and turbulent. Due to variations that occur in the surrounding environment, an increased attention of management practitioners and theoreticians is paid to new management concepts frequently in an integrated version. The authors express a deep belief that consolidation of approaches to project management and knowledge management constitutes a response to challenge for modern organizations. Research into the issue was based on an attempt to determine significance of the knowledge management issue in a life of projects performed by Polish small and medium-sized enterprises (SM…