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Selection of Best ARIMA Modeling Approach for Forecasting Time Series Patterns; A Case Study on Colombo Stock Exchange

Vol. 4, Issue 11, PP. 1-5, November 2017

Published online Selection of Best ARIMA Modeling Approach for Forecasting Time Series Patterns; A Case Study on Colombo Stock Exchange

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Abstract

Stock market indexes provide a yardstick with which investors can compare the performance of their individual stock portfolios. The propose of this paper is to examine a suitable model for forecasting stock prices under the volatility in the Colombo Stock Exchange (CSE), Sri Lanka.Since the data has a non-seasonal linear trend, an autoregressive integrated moving average model has used for modeling and forecasting. The results suggested that ARIMA model is more suitable for forecasting ASPI index under the volatility.

Author

Madushani M.L.P*: Department of Statistics & Computer Science, Faculty of Science, University of Kelaniya, Sri Lanka.

Erandi M.W.A*: Department of Statistics & Computer Science, Faculty of Science, University of Kelaniya, Sri Lanka.

Madurangi L.H.L.S*: Department of Statistics & Computer Science, Faculty of Science, University of Kelaniya, Sri Lanka.

Sivaraj L.B.M*: Department of Statistics & Computer Science, Faculty of Science, University of Kelaniya, Sri Lanka.

Weerasinghe W.D .D*: Department of Statistics & Computer Science, Faculty of Science, University of Kelaniya, Sri Lanka.

R.M KapilaTharangaRathnayaka: Faculty of Sciences, Sabaragamuwa University of Sri Lanka,Sri Lanka, kapila.tr@gmail.com

Cite

Madushani M.L.P, Erandi M.W.A, Madurangi L.H.L.S, Sivaraj L.B.M, Weerasinghe W.D .D, R.M KapilaTharangaRathnayaka, "Selection of Best ARIMA Modeling Approach for Forecasting Time Series Patterns; A Case Study , Economics and Managment Works, Vol. 4, Issue 11, PP. 1-5, November 2017.,

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Arumawadu, H.I., Rathnayaka, R.M.K.T. & Seneviratna, D.M.K.N., �New Proposed Mobile Telecommunication Customer Call Center Roster Scheduling Under the Graph Coloring Approach� , International Journal of Computer Applications Technology and Research, 5(4), pp.234�237, 2016, www.ijcat.com.
Hasitha Indika Arumawadu, RM Kapila Tharanga Rathnayaka, SK Illangarathne, �K-Means Clustering For Segment Web Search Results�, International Journal of Engineering Works, 2(8), 79-83, 2015, kwpublisher.com.
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Mega projects in Developing Countries and their Challenges

Vol. 4, Issue 11, PP. 6-12, November 2017

Published online Mega projects in Developing Countries and their Challenges

PDF

Abstract

Megaprojects management have their challenges in many areas from the planning to operating phase, the internal and external factors can be affected to the project success and failure. In developing countries megaprojects had been facing with many challenges that influence to megaprojects failed and the poor quality of megaprojects, thus, those issue can be a major challenge for those low-income countries in term of dealing megaprojects management. Social, economics, technology, organization and other external environments factors in developing countries didn�t support the running successful megaprojects and project governance mechanism cannot achieve the project objectives, due to those countries have been lacking of many basic facilities for driving the megaprojects success. This research aims to identify the major challenges of megaprojects in both developed and developing countries thorough review of academic journals related to megaprojects and construction project management studies with the comparing the differences of those challenges. In addition, this research aims to develop a conceptual framework for megaprojects challenges and megaproject needs in developing countries. The results of this study provided the potential information, characteristics of megaprojects, project management issues and context of the megaprojects management studies in developing countries. Moreover, it identified main challenges of megaprojects from different perspective that can be contributed the knowledge of megaprojects, particular the study can support the future research of megaproject in developing countries.

Author

Nikhaphone MACKHAPHONH is a doctoral candidate in Construction Project Management, School of Economics and Management, Tongji University. He received the master degree in Management Science from Tongji University, Shanghai, China and bachelor in Building Technology from National University of Laos, Vientiane, Laos. His research focuses on megaprojects management studies and governance of major infrastructure projects in developing countries.

Guangshe JIA is a professor of Construction Project Management and Real Estate Department, School of Economics and Management, Tongji University, Shanghai, China. He had background on megaprojects in many areas on project management studies. His research interest in construction project management and megaprojects studies such as large-scale project controlling, project management maturity and interdisciplinary studies, he has rich practical experiences in many mega construction projects such as Shanghai Hongqiao Transportation Hub, Shenzhen Airport expansion, Kunming New Airport, Shanghai Pudong International Airport, etc. He published more than 30 articles in Chinese and English language, 7 books in construction project management and other fields of civil engineering.

Cite

Nikhaphone MACKHAPHONH, Guangshe JIA,"Megaprojects in Developing Countries and their Challenges" International Journal of Business, Economics and Management Works, Vol. 4, Issue 11, PP. 6-12, November 2017.

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Educational Buildings Defects and Health Impact on Users: A Case of Lagos State Polytechnic, Nigeria

Vol. 4, Issue 11, PP. 13-19, November 2017

Published online Educational Buildings Defects and Health Impact on Users: A Case of Lagos State Polytechnic, Nigeria

PDF

Abstract

Education serves as the bedrock for future socio-economic development of any society. Student�s learning behaviour and effectiveness is affected by functionality of educational buildings. During the lifecycle of buildings its performance is affected by defects, hence, it is paramount to have effective maintenance policies and practices. Thus, in order to retain sustainable educational building, defects diagnosis and management is paramount. The study seeks to identity defects and its associated health issues in Lagos State Polytechnic campuses. The objectives were achieved using questionnaire survey, responses of 200 participants were coded and analysed with SPSS 17. The study reveals that plumbing installations, indoor environment and aesthetic related issues are critical problems that need attention in the institution. Based on the responses, heat, discomfort and body pain were significant health problems experienced by users of facilities. This is an indication of areas the management of the institution has to address in order to achieve its vision.

Author

This research work is to acknowledge the support of TEDFUND toward educational research in Nigeria and to the staffs member of Lagos state polytechnic

A Akinpelu: Lagos state polytechnic. Nigeria

O.O Oyekanmi: Lagos state polytechnic, Nigeria

Kamaldeen Adedeji: Lagos state polytechnic, Nigeria

Cite

A Akinpelu, O.O Oyekanmi, Kamaldeen Adedeji, Educational Buildings Defects and Health Impact on Users: A Case of Lagos State Polytechnic, Nigeria, International Journal of Business, Economics and Management Works, Vol. 4, Issue 11, PP. 13-19, November 2017.

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Determinants of Dividend Policy in Services Industry of China

Vol. 4, Issue 11, PP. 20-23, November 2017

Published online Determinants of Dividend Policy in Services Industry of China

Abstract

The dividend policy analysis based upon the service industry in china. The data is based on the most recent years from 2014 to 2016. It includes forty-two organizations of communication, information, and transportation sector. dividend pay-out determines the total revenue by the organization(positively). It is presumed that the total sale plays a positive part in deciding dividend pay-out ratio of the organization as it increases earning per share, and strength of equity. The debt equity ratio is significant but due to the dividend pay-out of the organization will decrease.

Author

Adnan Abbas :Herbin Institute of Technology,Adnan.abbas001@yahoo.com

Muhammad Saad Ameer: National University of Modern Languages Islamabad, saad209@gmail.com

Cite

Adnan Abbas, Muhammad Saad Ameer, "Determinants of Dividend Policy in Services Industry of China" International Journal of , Economics and Management Works, Vol. 4, Issue 11, PP. 20-23, November 2017.

References

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Baskin, J. (1989), Dividend policy and the volatility of common stock, Journal of Portfolio Management, Vol. 15, pp. 19-25.
Bhattacharya, S. (1979), Imperfect information & dividend policy and the �bird in hand� fallacy, The Bell
Black F. (1976), �The dividend puzzle�, Journal of Portfolio Management, Vol. 2, pp. 5-8.
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Ownership Structure, Competition And Total Assets, Asian Journal of Business and Accounting, 5(1), 75-108.
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Hashemijoo, M., Aref M. Ardekani, and Nejat Y. Multimedia, (2012), �The Impact of Dividend Policy on Share Price Volatility in the Malaysian Stock Market , Journal of Business Studies Quarterly, Vol. 4, No. 1,pp. 111-129.
Hussainey, K., Mgbame, C. O., & Chijoke-Mgbame, A. M. (2011). Dividend Policy and Share Price Volatility: UK Evidence. Journal of Risk Finance, 12 (1), 57 - 68.
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Legal framework of Directors� Duties in OHADA Law (Senegal)

Vol. 4, Issue 11, PP. 24-30, November 2017

Published online Legal framework of Directors� Duties in OHADA Law (Senegal)

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Abstract

This article is aimed to study the legal framework of directors� duties in Ohada law. The Organization for the Harmonization of Business Laws (OHADA),is a supranational system of business laws that, as implemented in Senegal is trying to regulate all the core businesses.Ohada displays two level of mixing.Firstly,Ohada Law is supranational, it becomes part of the internal law of each state member but still remains supranational characteristics.Secondly,Ohada being at least partially French-inspired, we can understand that the most of the countries which adopted Ohada Laws are French-speaking. The duties of Directors in Senegal are regulated mainly by the uniform companies� act which is part of the Ohada law. It should be noted that before the adoption of Ohada, company law was governed by the code of civil obligations and in its fourth part. For companies listed on the RSE, they must comply both with the general regulations of the BRVM and with the provisions of the Uniform Companies Act concerning publicly traded companies. This article aims to illuminate the lanterns on the question of the duties of directors in Ohada law, during my research I have observed that subjects such as corporate governance in general and the duties of directors in Ohada are left stranded by most researchers. This is why this topic has an interest in reabsorbing this gap insofar as the legal framework of the duties of directors often mentions many questions because of the lack of loyalty and diligence of certain directors.

Author

Diourbel, (Senegal), 1987/03/12. 2015-Current: PhD Law and Finance, School of Law,Shanghai University of Finance and Economics. 2015:Chinese Language Proficiency HSK LEVEL 4 in Nanjing Normal University (Nanjing, China)2013:Master in Migration Law Faculty of Legal and Political Sciences Cheikh Anta Diop University of Dakar (Senegal). 2009: License and Master in Business Law Faculty of Legal and Political Sciences Cheikh Anta Diop University of Dakar (Senegal). 2. 007:Diploma of General University Studies in Private Law in Legal and Political Sciences Faculty of Legal and Political Sciences Cheikh Anta Diop University of Dakar (Senegal) In 2011 from September to December, he was a contractor within the land of the modernization of the Directorate General of Taxes and Domains (Land Book Grand-Dakar, Ngor-Almadies).He participated in an inventory and updating the land register, the writing and creation of new land titles, also the control and regularization of the Land Books. In 2012, from August to September, he was an intern in a Notary Public Approved in Dakar. From September 2012 to July 2014, he was an administrative agent in charge of Legal Affairs SPR-int-Airport Security Service. He was assisting the general manager and handling all the legal issues of the company. In 2015, Dr.Niang took part in the China Arbitration Conference organized by CIETAC and hosted by Shanghai University of Finance and Economics.

Cite

Oumar Niang, "Legal framework of Directors� Duties in OHADA Law (Senegal)", International Journal of Business, Economics and Management Works, Vol. 4, Issue 11, PP. 24-30, November 2017.,

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Applying Flexible Strategy Game-Card Approach for Designing Performance Management System: The Case of Mobile-Telecommunication Company of Iran (MCI)

Vol. 4, Issue 11, PP. 31-38, November 2017

Published online Applying Flexible Strategy Game-Card Approach for Designing Performance Management System: The Case of Mobile-Telecommunication Company of Iran (MCI)

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Abstract

This study aims to carry out performance management system by flexible strategy game-card method for mobile communication company of IRAN.

In this regard these question have been arisen:

What is the concepts of flexible strategy game-card (FSGC) for designing PMS?
Which perspectives are considered in FSGC?
What are the steps of FSGC in implementation?
How we can extract strategic directions and related strategic actions?

Literature was reviewed in order to implement FSGC for designing PMS(performance management system). According to similarity in the context with case illustration of another study this study adopts perspectives and related strategic factors in hierarchical structures of these factors from that study. It should be mention gathering information about these strategic factors is based on secondary data of MCI. But in order to preserve the confidentiality of information, in some factors there is a slight deviation from the real value. The study adopts FSGC for designing of PMS for MCI. By using this concept, actual results have been compared with targets and led to extract strategic directions. Then strategic interventions that are aligned with the strategic directions were identified for MCI. Although the implication of FSGC approach for designing of PMS is available in the literature (even in similar industry/region/time limit), but there is not any attempt to utilizing it in MCI strategic department.

Author

Hamidreza Radmanesh: hamra361@student.liu.se

Nasrin Aghaee: nasag956@student.liu.se

Mohsen Behdari: mohbe960@student.liu.se

Negar Rastegar: negra753@student.liu.se

Mohammadreza Asadzadeh: mohas459@student.liu.se

All of Authors: MBA Student, Linkoping University, Sweden

Cite

Hamidreza Radmanesh, Nasrin Aghaee, Mohsen Behdari, Negar Rastegar, Mohammadreza Asadzadeh, "Applying Flexible Strategy Game-Card Approach for Designing Performance Management System: Th, Economics and Management Works, Vol. 4, Issue 11, PP. 31-38, November 2017.

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Developments of the Albanian Insurance Market in the Framework of the MTPL Insurance Liberalization

Vol. 4, Issue 11, PP. 39-52, November 2017

Published online Developments of the Albanian Insurance Market in the Framework of the MTPL Insurance Liberalization

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Abstract

Aim of this paper is to present the challenges and developments of the Albanian insurance market during the process of its liberalization. Consequently the insurance market has shown instability with regard to the fluctuations of the premium levels. A fair pricing based on the market conditions is one of the biggest challenges of the albanian insurance market. By means of an econometric model, the correlation between the liberalization process and profitability of insurance companies has been shown. This paper discusses also the efficiency of the Bonus-Malus System, which is expected to be implemented in Albania in 2018 in order to stabilize the insurance market. In this regard the elasticity according to Loimaranta (1972) is calculated for Albania. As the Bonus-Malus System is already implemented in other region countries, the paper suggests that in addition to the advantages this system can bring, there is also the risk of the phenomenon known in the literature as � Hunger for Bonus�, according to which, people tend to not report the claims. Under such conditions the result would be a lower claim frequency deriving from the non-reporting of claims and not from the implementation of the Bonus-Malus System. The implementation of the Bonus-Malus system must be accompanied by an increase of anti-fraud measures.

Author

Patris Poshnjari: University of Tirana, patris.poshnjari@gmail.com

Cite

Patris Poshnjari, "Developments of the Albanian Insurance Market in the Framework of the MTPL Insurance Liberali, Economics and Management Works, Vol. 4, Issue 11, PP. 39-52, November 2017.

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