Topic Review
Blockchain in Life Cycle Assessment
Blockchain is a technology that is increasingly used in the modern world. Its creator is Satoshi Nakamoto, who in 2008 used this technology in cryptocurrencies.
  • 1.4K
  • 30 Dec 2021
Topic Review
Pascal's Wager
Pascal's Wager is an argument in philosophy presented by the seventeenth-century French philosopher, mathematician and physicist Blaise Pascal (1623–62). It posits that humans bet with their lives that God either exists or does not. Pascal argues that a rational person should live as though God exists and seek to believe in God. If God does not actually exist, such a person will have only a finite loss (some pleasures, luxury, etc.), whereas he stands to receive infinite gains (as represented by eternity in Heaven) and avoid infinite losses (eternity in Hell). Pascal's Wager was based on the idea of the Christian God, though similar arguments have occurred in other religious traditions. The original wager was set out in section 233 of Pascal's posthumously published Pensées ("Thoughts"). These previously unpublished notes were assembled to form an incomplete treatise on Christian apologetics. Historically, Pascal's Wager was groundbreaking because it charted new territory in probability theory, marked the first formal use of decision theory, and anticipated future philosophies such as existentialism, pragmatism and voluntarism.
  • 1.4K
  • 23 Nov 2022
Topic Review
Logical Framework with Risk Management Approach Methodology
When working with international development projects (IDPs), the use of the logical framework approach (LFA) prevails as the most important tool to plan and manage these projects. How to enrich the methodology has been studied, including risk management (logical framework with risk management approach (LFRMA)), proposing an original contribution, tested with professionals that will improve the effectiveness of IDPs by increasing their success rate and their sustainability. The steps followed to design the methodology, case study analysis and design of LFRMA  and the methodology itself are presented.
  • 1.4K
  • 28 Feb 2022
Topic Review
Household
A household consists of one or several persons who live in the same dwelling and share meals. It may also consist of a single family or another group of people. The household is the basic unit of analysis in many social, microeconomic and government models, and is important to economics and inheritance. Household models include families, blended families, shared housing, group homes, boarding houses, houses of multiple occupancy (UK), and single room occupancy (US). In feudal societies, the royal household and medieval households of the wealthy included servants and other retainers.
  • 1.4K
  • 24 Nov 2022
Topic Review
DEA Banking Efficiency: Macroprudential Context
China is a bank-dominated country; therefore, the sustainability of the Chinese banking industry is important for economic development. In this paper, data envelopment analysis (DEA) was combined with the Malmquist index, and we statically and dynamically analyzed the efficiency of listed banks during the period 2012–2017. The results showed that 12 of the 17 banks improved their technical efficiency. The technical efficiency of three banks remained the same, whilst that of two banks had dropped slightly by less than 1.0%. The Chinese government has learned from the lessons of past financial crises to find a way to forestall financial crisis, and implemented macroprudential policy, therefore the banking industry has actively served the real economy and promoted economic development while paying attention to the prevention of financial risks. According to the report of The Banker in 2018, for the first time, the four biggest banks in China topped the list of the Top 1000 World Banks. The research showed that, the Chinese government applied macroprudential framework in the banking supervision, and the listed banks effectively resisted financial risks and realized steady growth. We believe that the macroprudential framework plays a positive role in the economic development and financial stability in China.
  • 1.4K
  • 07 Mar 2021
Topic Review
COVID-19 Effect on Supply Chains
The COVID-19 pandemic has generated disruptions in supply chains, traveling, businesses, and a loss of human lives that is being accounted for at least five million diseased. When the pandemic started, uncertainties, the lockdown of countries, and stay-at-home orders generated that millions of people made runs to grocery stores to buy essential products, the most distinctive being hygiene tissue, antibacterial formulations, and hand sanitizers. Then workers in essential processes in the medical, food, and manufacturing industries had to restart work to keep supply chains running. That generated further repercussions due to the infection of workers in multiple facilities, which created more considerable uncertainties. Universities and schools were mandated to close, and work-from-home orders were enacted in most sectors. In this entry, a summary of the essential factors, current situation, and future perspective regarding the effect generated by COVID-19 on the disruptions of supply chains is presented. The strategic sectors summarized are food and produce, transportation, paper products, chemicals and pharmaceuticals, medical supplies, automobiles, minerals and technology companies. At two years since the WHO declaration, there are still shockwaves that show some unpredictability. Hence, companies and governments should look for strategical plans for preparing for this kind of event, making supply chains resilient or even immune to pandemics, natural disasters and trade wars.
  • 1.4K
  • 22 Jan 2022
Topic Review
Sustainable Value Chain Management
Sustainable value chain management requires finding a balance between the economic, social, and environmental spheres, inside and outside the organizations, in all business functions/processes related to value chain formation. Managers for sustainable management need to have adequate and high-quality financial and non-financial information. They are crucial during times of economic crises (such as those associated with the COVID 19 pandemic). Functional controllers, through their competence and having the appropriate tools to carry out their tasks, can fully meet the information needs of managers in creating a sustainable value chain.
  • 1.4K
  • 06 Jul 2021
Topic Review
Travel Website
A travel website is a website on the world wide web that is dedicated to travel. The site may be focused on travel reviews, trip fares, or a combination of both. Approximately 587.3 million consumers are expected to book travel plans online in 2018.
  • 1.4K
  • 25 Nov 2022
Topic Review
Online Grocery Shopping Experience during the COVID-19 Pandemic
Online shopping has intensified in the last decade. The COVID-19 pandemic has imposed circulation limitations and more restrictive behaviors on consumers due to fears of contracting the virus, boosting online grocery shopping. Online grocery shopping is a form of online shopping for food and other household items processed through e-commerce websites or mobile apps. The studies on online grocery shopping started in the 1990s with the rise of the high-tech generation, who began shopping online for convenience as it simplified their lives. At the beginning of the COVID-19 pandemic, consumers focused on panic buying as they were afraid of future shortages. On the other hand, consumers also wanted to decrease the number of times they went shopping to reduce the risk of catching the virus. To avoid getting infected with the virus when physically going to the shops, some people started shopping for food online.
  • 1.4K
  • 15 Jul 2022
Topic Review
Contractual Systems in Oil/Gas Sector
Production activities in the oil and gas industry are capital intensive and associated with high technology, with these assets not always being available to oil-producing countries or national companies. Any form of interaction between the parties involved in natural resource extraction requires clear regulation regarding contractual relationships. This study attempts to analyze Indonesia’s production sharing contract system in order to assess its applicability to other conditions. The article covers the key aspects of contract theory, provides a classification of contractual systems in the oil and gas sector, and discusses the most common types of contractual agreements. It also considers the key principles of production sharing contracts (PSCs), analyzes the development of PSC practices in Indonesia over the past sixty years, and highlights PSC advantages and disadvantages.
  • 1.4K
  • 10 Sep 2021
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