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Search results for: INVESTMENT PERFORMANCE
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Parametric method for evaluating optimal ship deadweight
PublicationThe paper presents a method of choosing the optimal value of the cargo ships deadweight. The method may be useful at the stage of establishing the main owners requirements concerning the ship design parameters as well as for choosing a proper ship for a given transportation task. The deadweight is determined on the basis of a selected economic measure of the transport effectiveness of ship – the Required Freight Rate (RFR). The...
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COMPREHENSIVE MODELLING OF THE COST EFFECTIVNESS OF RAILWAY LINE ELECTRIFICATION
PublicationSubject of this paper is the mathematical model estimating the Economical threshold between usage of combustion engine traction and electrical traction for new and modernized railway passenger communication lines. Currently available models do not coincide with the whole complexity of the problem. The proposed model was implemented into Matlab and then validated on “Pomorska Kolej Metropolitalna” investment time-frame and its cost...
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Photogrammetric Development Of The Threshold Water At The Dam On The Vistula River In Wloclawek From Unmanned Aerial Vehicles (Uav)
PublicationBarrage in Wloclawek (Poland) was designed by Hydroprojekt and built in the years of 1962 - 1970 as the first stage of the planned Lower Vist ula Cascade. Cascade design assumed the construction of 8 dams in Wyszogr o d, Plock, Wloclawek, Nieszawa (Ciechocinek as an option), Solec Kujawski, Chelmno, Opalen and Tczew. Nieszawa dam was supposed to ensure the maintenance of an adequate free surface...
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A new approach to cross-bonding in medium voltage cable lines
PublicationThe medium voltage underground cable sheaths are usually bonded and earthed in every substation on the cable route. This results in additional power losses in the sheaths. The paper presents an idea of reducing power losses caused by sheaths cross-bonding. The idea of sheaths cross-connecting only in selected MV/LV substations is given instead of a typical solution, where sheaths cross-bonding requires installing additional joints...
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Project Management Cycle in the Construction Industry Augmented by Collaborative Innovation Network Software
PublicationProject management is a very broad concept that has in recent times is growing rapidly. Management is especially complex in the construction sector, among the other sectors, due to the high uncertainty of workmanship and complexity of construction projects. Proper project management skills are an important factor in the success of projects, leading to reduced costs and shorten the time of investment. Nevertheless, most of the projects...
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NETWORKS, STAKEHOLDERS AND ENTREPRENEURIAL ECOSYSYSTEMS IN CURRENT POLISH ECONOMYGUT
PublicationThis book is dedicated to widely understood entrepreneurship and financial system in different polish ecosystems. In particular, there is described influence of supporting entrepreneurship to investment development in Walbrzych agglomerations communes with the results of questionnaires for varied groups of inhabitants, entrepreneurs and territorial self-governments. There is also presented analysis of relations within academic...
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Landscape, EIA and decision-making. A case study of the Vistula Spit Canal, Poland
PublicationAlthough landscapes are often considered public goods, they frequently receive inadequate attention in Environmental Impact Assessments (EIAs), particularly in Poland. This neglect often leads to visible degradation during investment processes. This article examines the case of the Vistula Spit Canal, currently the largest engineering project under construction in Poland. We analysed whether the conclusions drawn in the EIA report,...
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Analysis of the Application of Horizontal Directional Drilling
PublicationConstruction works are often considered to be very intrusive for the environment. Project designers assume deep excavations, or a complete replacement of the ground within the investment, which sometimes changes the initial conditions drastically. The problem started to appear in places, where the terrain is complicated and the excavation is burdensome. Some of state authorities...
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Superstitions and customs in construction - a contribution to the discussion on the disappearance of this tradition
PublicationConstruction is one of the most important, but also the most extensive areas of the economy. That is why we encounter superstitions and customs related to this discipline of the economy quite often:we blew and repeat them, not even knowing what their origin is and what according to old beliefs resulted in their lack of application. This situation applies in practice to all buildings, including residential buildings implemented...
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The assessment of solar photovoltaic in Poland: the photovoltaics potential, perspectives and development
PublicationThe following article explains the current condition of the photovoltaics sector both in Poland and worldwide. Recently, a rapid development of solar energy has been observed in Poland and is estimated that the country now has about 700,000 photovoltaics prosumers. In October 2021, the total photovoltaics power in Poland amounted to nearly 5.7 GW. The calculated technical potential of photovoltaics in Poland is 153.484 PJ (42.634...
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Evaluating Industry 4.0 Implementation Challenges Using Interpretive Structural Modeling and Fuzzy Analytic Hierarchy Process
PublicationThe fourth industrial revolution known as Industry 4.0 is reshaping and evolving the way industries produce products and individuals live and work therefore, gaining massive attraction from academia, business and politics. The manufacturing industries are optimistic regarding the opportunities Industry 4.0 may offer such as, improved efficiency, productivity and customization. The present research contributes to the Industry 4.0...
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Human Factors in Nuclear Power Engineering in Polish Conditions
PublicationThe paper “Human factors in nuclear power engineering in polish conditions” focuses on analysis of dynamics of preparing polish society to build fi rst nuclear power plant in XXI century in Poland. Authors compare experience from constructing nuclear power plant Sizewell B (Great Britain) and Sizewell C, which is in preparation phase with polish nuclear power program. Paper includes aspects e.g. of creating nuclear safety culture and...
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The Belt and Road Initiative and export variety: 1996–2019
PublicationThis study examines the association between the Belt and Road Initiative (BRI) and export variety (EV). We propose three hypotheses on how BRI may foster export markets (destinations) or export product lines. The estimates are based on a dataset constructed specifically for this analysis, covering 183 countries and linked with trade data from 1996 to 2019. We apply the instrumental variable (IV) approach in regressions for covering the...
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ADAPTIVE PREDICTIONS OF THE EURO/ZŁOTY CURRENCY EXCHANGE RATE USING STATE SPACE WAVELET NETWORKS AND FORECAST COMBINATIONS
PublicationThe paper considers the forecasting of the euro/Polish złoty (EUR/PLN) spot exchange rate by applying state space wavelet network and econometric forecast combination models. Both prediction methods are applied to produce one-trading-day- ahead forecasts of the EUR/PLN exchange rate. The paper presents the general state space wavelet network and forecast combination models as well as their underlying principles. The state space...
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Human factors in nuclear power engineering in Polish conditions
PublicationThe paper “Human factors in nuclear power engineering in polish conditions” focuses on analysis of dynamics of preparing polish society to build first nuclear power plant in XXI century in Poland. Authors compare experience from constructing nuclear power plant Sizewell B (Great Britain) and Sizewell C, which is in preparation phase with polish nuclear power program. Paper includes aspects e.g. of creating nuclear safety culture...
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Polish tax reform "Polski Ład" – consequences of introducing changes on the example of selected flat-rate tax forms for micro and small companies
PublicationThis article describes aspects related to the introduction of the latest tax reform in Poland. The changes initiated in January 2022, under the name Polski Ład, concern a wide range of tax changes in Poland. Reform, in a broad sense, is a multidimensional government development program, which is primarily aimed at getting out of the crisis caused by the COVID-19 pandemic and a smooth transition to financing strategic goals in investment...
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Does the coordinated development of two-way FDI increase the green energy efficiency of Chinese cities? Evidence from Chinese listed companies
PublicationBased on the evidence from listed company microdata and data from 285 cities in China, this paper studies the coordinated development of two-way FDI (CDFDI) in improving green energy efficiency (GEE). In particular, this paper examines the spatial heterogeneity effects of CDFDI on GEE. The results showed that CDFDI had a positive impact on the GEE of local and surrounding cities. Mechanistic examinations show that the effects...
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Application of Bayesian Networks in risk diagnostics arising from the degree of urban regeneration area degradation
PublicationUrban regeneration as a complex project, generates many extremely specific threats affecting the increase of investment risk. Its unique nature causes that probability parameter, normally applied in the process of risk quantification, is extremely difficult to estimate. Due to lack of historical data urban regeneration related activities are therefore associated with uncertainty. According to the authors, a useful tool for resolving...
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Application of BN in Risk Diagnostics Arising from the Degree of Urban Regeneration Area Degradation
PublicationUrban regeneration as a complex project, generates many extremely specific threats affecting the increase of investment risk. Its unique nature causes that probability parameter, normally applied in the process of risk quantification, is extremely difficult to estimate. Due to lack of historical data urban regeneration related activities are therefore associated with uncertainty. According to the authors, a useful tool for resolving...
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Cultural Heritage in Spatial Planning
PublicationThe cultural heritage objects of each country should have a major impact on the development of space. Unfortunately, most often the investment needs prevail and only the most precious historical objects are protected. Thus often a monument is preserved, but its surroundings (which put it in context) are lost forever. This article addressed the issues of cultural heritage in relation to the spatial planning system in Poland. The...
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Offshoring and outsourcing in Visegrad countries, Advantages and disadvantages.
PublicationOutsourcing and offshoring are getting more and more popular in the “new EU” coun-tries. They constitute very attractive venues for more developed EU countries to outsource or offshore their business activities. Authors of the article have investigated the advantages and disadvantages of locating outsourcing activities in each of the Visegrad (V4) countries. The authors have studied macroeconomic factors based on the reports of...
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The Energy Potential of the Lower Vistula River in the Context of the Adaptation of Polish Inland Waterways to the Standards of Routes of International Importance
PublicationBased on new policies of the European Union, green technologies are to be mostly considered for power generation. Hydropower generation is one of the essential elements of sustainable energy production. Therefore, specific attention, both economically and technically, needs to be given to this sector of energy production. The Vistula River in Poland is considered an international waterway. The power production potential of the...
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State tax policy and reform tools as a risk of running a business. Case study based on Polski Ład – Polish tax reform
PublicationThe aim of the article is to describe and present the Polish tax reform introduced at the beginning of 2022. Tax changes introduced in Poland had a strong impact on the risk of running a business in Poland because in their assumption they directly changed the rules of running a business. Due to the pace of the introduced changes, as well as the scope of the reform, the new tax law was subject to numerous criticisms of taxpayers...
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Sopot - is it possible to retain the unique image of the city?
PublicationSopot is the best-known seaside resort in Poland. The city is unique with regard not only to its location and natural values, but also its interesting architecture, which dates back to the end of the 19th and the beginning of the 20th century. The relic of that era is the largest in the country number of buildings characteristic for the Northern European seaside resorts. The architecture of historic Sopot is dominated by eclectic...
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Preferences and Transport Behavior of Gdansk Residents in the Light of the Result of Complex Traffic Survey
PublicationPreferences and transport behavior of the population are a fundamental aspect of research in public transport. Identifying the basic postulates of transport, the factors determining the specific behavior of transport and modal split allow to analyze the differences between the groups singled passengers and to prepare better offer of an urban transport. In Poland, still in many cities urban transport research is conducted ad hoc,...
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Classification of Urban Regeneration Participants as a Basis for Identification of Construction Investment's Risk Sources
PublicationOn the basis of the conducted research it can be concluded that the majority of the existing urban regeneration problems are revealed by the lack of an in-depth analysis of sources and risk factors. For the above reasons, the subject of this study is classification of urban regeneration's participants as a basis for identification of construction investment's risk sources. The research methodology is based on an in-depth analysis...
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Nowoczesne metody termochemicznej konwersji biomasy w paliwa gazowe, ciekłe i stałe = Modern methods of thermochemical biomass conversion into gas, liquid and solid fuels
PublicationBiomass utilization through direct- or co-combustion with coal, based on coal, hydrogen and oxygen compounds chemical energy conversion into heat in boilers, is simultaneously the cheapest and - according to experts - economically least effective solution. In case of heat and electricity production in cogeneration process in biomass fueled heat and power stations (wood, straw, energetic plants, RDF etc), investment costs are little...
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The Selection of Anchoring System for Floating Houses by Means of AHP Method
PublicationThis paper indicates and analyses the use of anchoring systems, such as mooring piles, booms, mooring cables, and deadweight anchors with additional elastic connectors, which are the most frequently applied by the producers of floating houses. The selection of the most advantageous anchoring system is complicated and requires the application of quantitative and qualitative data and methods. This publication presents the results...
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Znaczenie umów o popieraniu i wzajemnej ochronie inwestycji dla bezpośrednich inwestycji zagranicznych na przykładzie wybranych krajów Bałkanów Zachodnich
PublicationPrzedmiot badań: Przedmiotem badania jest zależność bezpośrednich inwestycji zagranicznych (BIZ) i sytuacji makroekonomicznej w gospodarkach w okresie transformacji oraz ocena znaczenia zawieranych przez te kraje umów o popieraniu i wzajemnej ochronie inwestycji (ang. Bilateral Investment Treaties – BIT) dla napływu bezpośrednich inwestycji zagranicznych. Badania są prowadzone w czterech krajach na Bałkanach Zachodnich: Bośni...
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Numerical Modelling of Structures with Uncertainties
PublicationThe nature of environmental interactions, as well as large dimensions and complex structure of marine offshore objects, make designing, building and operation of these objects a great challenge. This is the reason why a vast majority of investment cases of this type include structural analysis, performed using scaled laboratory models and complemented by extended computer simulations. The present paper focuses on FEM modelling...
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Programmatic Simulation of Laser Scanning Products
PublicationThe technology of laser scanning is widely used for producing three-dimensional digital representations of geographic features. The measurement results are usually available in the form of 3D point clouds, which are often used as a transitional data model in various remote sensing applications. Unfortunately, while the costs of Light Detection And Ranging scanners have dropped significantly in recent years, they are still considered...
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Chinese Foreign Direct Investments in Europe. The Polish Case
PublicationThe first aim of this paper is to analyze the features that have motivated Chinese outbound investments in the European Union. The paper outlines also the policies adopted by the European institutions and its member states to encourage the increase of the Chinese FDI without harming the internal European market, and consequently phase out all concerns that are afflicting the European public opinion. The second purpose is more focused...
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The new investing effectiveness evaluation multi-criteria method in modern supply systems
PublicationThe important problem in the processes of modelling and programming the development of sustainable energy sector is the multi-criteria manner of assessing the effectiveness of investments. The goal of this paper is to show how to take into account the impact of investments in multidimensional modelling decision-making processes. This goal can be achieved through the development, presentation, and use of a new multi-criteria method...
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EXCHANGE TRADED COMMODITIES AS A CATEGORY OF INNOVATIVE PRODUCTS ON EUROPEAN FINANCIAL MARKETS
PublicationThe article presents the main features of one category of innovative financial products – exchange traded commodities (ETCs) and results of the analysis of the European market for ETCs. ETCs are products listed and traded on the stock exchanges and they offer investors returns based on various assets (commodities or currencies). In contrast with the most widely recognized exchange traded funds (ETFs), ETCs are structured as debt...
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Integrated development plans of the functional urban areas in Pomeranian region in Poland
PublicationThe European Commission put a growing emphasis on the territorial and integrated app roach to policy support addressed in the frame of regional policy. In a special way this process refers to cities along with their functional environment. In Poland the National Spatial Development Concept 2030 has introduced the concept of functional areas, among others – Functional Urban Areas (FUAs). There is...
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A Panel Analysis of the Impact of Green Transformation and Globalization on the Labor Share in the National Income
PublicationThis study aims to examine the impact of green transition and globalization processes on changes in the labour share. The study covers 76 national economies diversified in development, global production share and energy transition stage from 2000 to 2018. Based on the Total Economy Database data, panel models of the relationship between green transition, globalization and the labour share in the national income were estimated....
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Developing a Metropolitan Transport System—Exemplified by the Gdansk–Gdynia–Sopot Metropolitan Area
PublicationAs regional centres with metropolitan functions, metropolises grow and develop depending on how well they can meet the area’s transport needs internally and externally, a result of their socio-economic relations. The transport system of a metropolitan area must ensure that people and goods can move efficiently, effectively and environmentally friendly. Over the last ten years, the transport system of the Gdańsk–Gdynia–Sopot Metropolitan...
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Economic significance of initial public offerings in China and India
PublicationRapid economic growth in China and India has attracted attention of many researchers, focusing on various social and economic factors underlying the success of these countries. One of the key components of country’s economy is financial system which consists of segments such as banking sector and equity market. The topic of initial public offerings (IPOs), one of the corporate financing sources, involving raising funds through...
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Public Participation practice versus economic pressure: transformation of the Gdansk Coastal Strip
PublicationThe paper focuses on the issue of public participation in the areas that are particularly sensitive to the transformation processes based on the case study of Gdańsk Coastal Strip. Moreover the article presents the outcome of an innovative attempt at promotion of public participation introduced in university education that was built on the experiences gathered during elaboration of the pro publico bono project of the Coastal Strip...
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VALUATION OF EMBEDDED OPTIONS IN NON-MARKETABLE CALLABLE BONDS: A NEW NUMERICAL APPROACH
PublicationThe issue of how to price options embedded in callable bonds has attracted a lot of interest over the years. The usual bond valuation methods rely on yield curves, risk premium, and other parameters to estimate interest rates used in discounted cash flow calculations. The option to retire the bond is, however, neglected in the standard pricing models, causing a systematic overvaluation of callable bonds. In the event of a decline...
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Analysing the Residential Market Using Self-Organizing Map
PublicationAlthough the residential property market has strong connections with various sectors, such as construction, logistics, and investment, it works through different dynamics than other markets; thus, it can be analysed from various perspectives. Researchers and investors are mostly interested in price trends, the impact of external factors on residential property prices, and price prediction. When analysing price trends, it is beneficial...
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Geoscience Methods in Real Estate Market Analyses Subjectivity Decrease
PublicationReal estate management, including real estate market analysis, is part of a so-called geosystem. In recent years, the popularity of creating various types of systems and automatic solutions in real estate management, including those related to property classification and valuation, has been growing in the world, mainly to reduce the impact of human subjectivity, to increase the scope of analyses and reduce research time. A very...
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The mechanisms of technological innovation in SMEs: a Bayesian Network Analysis of EU regional policy impact on Polish firms.
PublicationWe study the underlying mechanisms of technological innovation in SMEs in the context of ex-post evaluation of European Union’s regional policy. Our aim is to explain the observed change in firms’ innovativeness after receiving EU support for technological investment. To do so, we take an approach that is novel in innovation studies: a Bayesian Network Analysis to assess the effectiveness of EU policy instrument for technological...
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Protection and renovation of public areas in a modernist city: the case of three streets in the historic City Centre of Gdynia
PublicationThis article concerns issues related to the preservation and restoration of public space in Gdynia’s city centre, which was designed and built mainly in the 1920s and 1930s. In 2007, a major part of the city centre was entered into the register of monuments asa historic complex of urban architecture. Moreover, in 2015, the area was declared a Monument of History. Protection of a complex of urban architecture covers not only the...
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Tracing financial innovation diffusion and substitution trajectories. Recent evidence on exchange-traded funds in Japan and South Korea.
PublicationSince the rapid growth of the popularity of ETFs, the potential substitution between innovative financial products, exchange-traded funds (ETFs), and traditional investment funds (open-end and closed-end funds) is recognized as one of the most-discussed issues in the financial industry. This is the first study to empirically verify and compare the diffusion and substitution of ETFs using monthly data on their assets in two selected...
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POLDER AND CITY: SUSTAINING WATER LANDSCAPES ON AN URBAN EDGE
PublicationThe question investigated in this paper is how to maintain the environmental quality of the polder landscape encompassing the city in the condition of urban pressure on this landscape. On the basis of theoretical approaches, historical surveys and introductory study models new ideas are tested on the case study of Gdansk, a city located in the Vistula River delta in northern Poland. Research shows that the city was created as a...
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Single-Family Treatment Wetlands Progress in Poland
PublicationLong distances from one farm to another as well as unfavourable terrain configuration in rural areas in Poland result in high investment and operation costs of sewerage systems. Treatment wetlands (TWs) can be an alternative solution to sewage treatment in rural communities, schools, at campsites and for single houses. In this paper the results of 4 years monitoring of single-family treatment plants (SFTWs) in Kaszuby Lake...
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Economic Situation in Balkan Countries in the First Decade of 21st Century
PublicationThe recent economic crisis affected most of the countries in the world to a greater or lesser extent, including small economies sector. Small economies are a distinctive group of countries distinguished by particular qualities. They are dependent on trade exchange or international investment stream, and both their aggregate demand and supply, and price level depend on the development of the big economies dynamics. This is the reason...
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Potential Impact of Waterway Development on Cultural Landscape Values: The Case of the Lower Vistula
PublicationThe northern (“lower”) section of the Vistula is on the route of two international waterways—E70 and E40. However, the current condition of the riverbed prevents larger vessels from passing through. Plans for the waterway date back to the beginning of the 20th century. Following Poland’s ratification of the European Agreement on Main Inland Waterways of International Importance in 2017, the general concept has been transformed...
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ENERGY EFFICIENT AND ENVIRONMENTALLY FRIENDLY HYBRID CONVERSION OF INLAND PASSENGER VESSEL
PublicationThe development and growing availability of modern technologies, along with more and more severe environment protection standards which frequently take a form of legal regulations, are the reason why attempts are made to find a quiet and economical propulsion system not only for newly built watercraft units, but also for modernised ones. Correct selection of the propulsion and supply system for a given vessel affects significantly...