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Wyniki wyszukiwania dla: alternative investments
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Markowitz’s portfolio theory – optimal length of estimation window for gold and the biggests companies on the Warsaw Stock Exchange
PublikacjaThe following article is dedicated to the construction of an investment portfolio consisting of 3 investments from the Polish capital market found in the WIG20 index and from investment in gold. The purpose of the study was to determine the optimal length of the estimation window for building a portfolio with minimal risk and maximum efficiency. The length of the estimation window was also assessed in terms of the rate of return...
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THE ROLE OF NATURE IN PLACEMAKING WITHIN THE LIMITS OF HISTORIC CITIES
PublikacjaThis paper focuses on the role of nature in placemaking within historic cities. There are two different approaches to placemaking – The first is a more traditional approach, i.e. complete building process which entails significant investments. The second is “Lighter, Quicker, Cheaper” approach proposed by the Project for Public Spaces organization. This article discusses the role, importance and place of nature in both approaches....
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ISO/IEC 27001-Based Estimation of Cybersecurity Costs with Caspea
PublikacjaIn the contemporary, knowledge-based economy, enterprises are forced to bear the costs related to cybersecurity. While breaches negatively affect companies' budgets, accurate decisions on security investments result in visible savings. At the same time, cybersecurity cost assessment methods that support these decisions are lacking. Caspea addresses the gap by enabling the estimation of costs related to personnel activities involved...
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Offshoring and outsourcing in Visegrad countries, Advantages and disadvantages.
PublikacjaOutsourcing 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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Real estate investment trusts in Turkey: Structure, analysis, and strategy
PublikacjaPurpose-Aim of this study is to make the determinations related to the problems mentioned in the REIT sector in Turkey, to offer a solution for this issue, and to ensure the classification in the sector by adhering to the financial data of the REITsMethodology-Financial data set of the REITs was firstly standardized by using median instead of mean. Then, the scoring was performed according to defined coefficients....
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Efficient Use of Capital: Paradox of Real Estate and Industry in Turkey
PublikacjaIn recent years, one of the hottest debates on Turkish economy is the conflict on resource allocation between real estate and industry sectors. The debate was so intense that ex-minister of Economy Mr. Ali Babacan declared his opinions. Mr. Babacan’s statements about the creation of fixed capital by the private sector is not promising, and private sector fixed capital expenditures are not in the desired level. This situation is...
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ASSESSMENT OF GOLD AND/OR CRUDE OIL AS INVESTMENTS FOR PORTFOLIO DIVERSIFICATION. A WARSAW STOCK EXCHANGE CASE STUDY
PublikacjaThe purpose of the study is to assess whether the inclusion of investments in gold and/or crude oil improves an investment portfolio consisting of shares of enterprises included in the WIG20 index (traditional invest-ments). All possible combinations of investment portfolios with minimal risk and maximum efficiency were tested. The portfolios were determined based on Markowitz’s portfolio theory. All results were compared...
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Chinese Foreign Direct Investments in Europe. The Polish Case
PublikacjaThe 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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Swarm-Assisted Investment Planning of a Bioethanol Plant
PublikacjaBioethanol is a liquid fuel for which a significant increase in the share of energy sources has been observed in the economies of many countries. The most significant factor in popularizing bioethanol is the profitability of investments in construction of facilities producing this energy source, as well as the profitability of its supply chain. With the market filled with a large amount of equipment used in the bioethanol production...
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Participatory Budgeting in Poland – Missing Link in Urban Regeneration Process
PublikacjaIn last thirty years Poland has gone a long way toward democracy and decentralization. Role of public participation in planning is increasing rapidly and recently many new instruments of empowering the community is being introduced, participatory budgeting is one of the most important. On the other hand, urban regeneration is one of the most important challenges of polish cities are facing. Technical and transport infrastructure...
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Revitalization of Sopot - The Seaside Spa Town in Poland
PublikacjaSopot is a Polish seaside resort. In the past - as early as at the beginning of the 20th century - this town was famous for the healing opportunities they created: good conditions for resting and recreation. This town was places where everyone with enough selfesteem was willing to be seen. Since the post-war reconstruction until 1989 (establishment of local governments in Poland), not much has happened in Polish cities in terms...
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Building Information Modeling in Small and Middle Sized Buildings – Case Study
PublikacjaBuilding Information Modeling (BIM) is a technology designed to improve and integrate all engineering aspects in the construction design process. Tools that incorporate the idea of BIM are becoming more advanced and also more popular. Available software solutions have already reached an assumable high level of development, but still are not as widespread and used on nearly as many construction projects as could be expected. Therefore...
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Exploring the relationship between investment choices, cognitive abilities risk attitudes and financial literacy
PublikacjaPurpose The main purpose of this study is to investigate the investment choices' relationship with cognitive abilities, risk aversion, risky investment intentions, subjective financial literacy and objective financial literacy. Design/methodology/approach To examine the relationship, two investment choices were given to 256 subjects from Pakistan. Questionnaire had total 20 questions for measuring five variables. To review this...
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Analiza skuteczności wybranych strategii kontrariańskich na warszawskiej GPW w latach 2014–2018
PublikacjaCapital multiplication is the main goal of investors and for many years they have been looking for methods and strategies that would enable them to achieve it to the greatest possible extent. Due to the fact that the expectations and characteristics of investors, including those concerning the investment period, are diverse, multiple strategies have emerged. One of such strategies, mainly long-term in nature, is the so-called...
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The Dilemmas of Choosing a Suitable Technology for Low Energy and Passive Houses in the Context of their Overheating Issues
PublikacjaIn compliance with European Union directives, numerous countries are introducing increasingly stricter legal limits on the estimated energy consumption of newly designed residential buildings. However, the fact, that regulations and designers' efforts are focused on decreasing energy consumption (and consequently carbon dioxide emissions) only at the post-occupancy stage, may lead to a significant increase in the carbon footprint...
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Voltage variations and their reduction in a rural low-voltage network with PV sources of energy
PublikacjaRenewable sources of energy (RES), especially photovoltaic (PV) micro-sources, are very popular in many countries. This way of clean power production is applied on a wide scale in Poland as well. The Polish legal regulations and tariffs specify that every prosumer in a low-voltage network may feed this network with a power not higher than the maximum declared consumed power. In power networks with RES, the voltage level changes...
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Developing the Urban Blue-Green Infrastructure as a Tool for Urban Air Quality Management
PublikacjaUrban structure is an important factor that shapes the process of urban ventilation and pollution dispersion. With proper planning of the urban spatial layout, city breathability can be effectively regulated, contributing to urban air quality improvement. This paper investigates the development and current management of urban systems of green and open spaces in four Polish cities: Gda ´nsk, Warsaw, Pozna ´n and Wrocław, with a...
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Assessment of Environmental Loads in the Life Cycle of a Retail and Service Building
PublikacjaIn order to achieve the European Union’s climate and energy goals, investments are required, mainly in the areas of energy efficiency, renewable energy sources and infrastructure. Buildings are responsible for almost half of total energy consumption, and nearly 80% of them are energy and ecologically inefficient. The policy of European countries is increasingly more focused on facilities with the highest potential in the areas...
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URBANIZATION OF METROPOLITAN AREAS – THE IMPORTANCE OF NEW SPATIAL DATA ANALYSIS TOOLS
PublikacjaNowadays, a rapid development of metropolises is connected with the pressure on urbanizing, which leads to a sharp increase in developed areas as well as urbanized areas. As this trend becomes more dynamic, cities sprawl beyond their administrative boundaries, causing spatial disintegration and hindering sustainable development of a given area. Increased dispersion of residential area results in extensive and chaotic spatial development,...
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Reduction of exceeding the guaranteed service time for external trucks at the DCT Gdańsk container terminal using a six sigma framework
PublikacjaPurpose The purpose of this research was to investigate ways to reduce the average amount of exceeded guaranteed service time for external trucks at Deepwater Container Terminal Gdańsk Sp z o.o. (DCT Gdańsk) via dosing the gate activities, in particular IN-Gate entry process of trucks carrying import/export/transit containers. Design/methodology/approach A Six Sigma methodology with the DMAIC methods along with the SIPOC chart,...
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How to teach architecture? – Remarks on the edge of Polish transformation processes after 1989
PublikacjaThe political changes in Poland after 1989 have resulted in a whole range of dynamic processes including the transformation of space. Until that time the established institutional framework for spatial, urban and architectural planning policy was based on uniform provisions of the so-called planned economy. The same applied to the training of architects, which was based on a unified profile of education provided at the state’s...
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City scan as a tool to assess resilience challenges and vulnerabilities at the community level
PublikacjaThe majority of the world’s population lives in cities and cities are the key to achieving resilience. Local governments own only part of the land and can only partially decide about measures that should be taken ‘on the ground’. Local governments are therefore highly dependent on individuals, communities, and businesses to adapt and transform and take action in their own backyards or neighbourhoods. Since, for many people, climate...
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Role of Sports Facilities in the Process of Revitalization of Brownfields
PublikacjaThe paper gives an evidence that building a large sports facility can generate beneficial urban space transformation and a significant improvement in the dilapidated urban areas. On the basis of theoretical investigations and case studies it can be proved that sports facilities introduced to urban brownfields could be considered one of the best known large scale revitalization methods. Large urban spaces surrounding sport facilities...
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Balkan Stock Exchanges – Consideration of the Length of the Estimation Window in Similar Markets
PublikacjaPurpose: We study if capital markets in the Balkan are closely and positively related in terms of rate of return, risk, efficiency, and maximum cumulative loss in relation to different lengths of the estimation window. Design/Methodology/Approach: The research was carried out for the period from 01/01/2017 to 31/12/2019 using portfolio analysis. It was divided into an estimation window (01/01/2019 to 31/12/2019) and another with...
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Design centering of compact microwave components using response features and trust regions
PublikacjaFabrication tolerances, as well as uncertainties of other kinds, e.g., concerning material parameters or operating conditions, are detrimental to the performance of microwave circuits. Mitigating their impact requires accounting for possible parameter deviations already at the design stage. This involves optimization of appropriately defined statistical figures of merit such as yield. Alt-hough important, robust (or tolerance-aware)...
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Systematic review examining the evidence for impact of school policies on physical activity
PublikacjaBackground Epidemiological evidence has demonstrated that physical activity can have substantive health benefits for children and young people. The 'Policy Evaluation Network' is a multi-disciplinary research network across 7 European countries and New Zealand aimed at building capacity and evaluating the level of impact of policy interventions for promoting healthy lifestyles. The Toronto Charter identified 'whole-of-school' programmes...
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ANALYSIS OF THE RESULTS OF THE AUDIT OF LIGHTING PARAMETERS AT PEDESTRIAN CROSSINGS IN WARSAW
PublikacjaThe night time, based on many world studies, generates an increased risk of serious accidents (with fatalities and serious injuries). This is especially true for accidents with pedestrians. Pedestrian crossings are very sensitive to the influence of the time of day in terms of pedestrian safety, elements of road infrastructure. This is visible on the example of Poland, where numerous accidents at crosswalks are recorded, characterized...
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Revitalization of Residential Buildings Dating Back to the Late19th and Early 20th Century on the Example of “Willa Halina” in Sopot (Poland)
PublikacjaResidential buildings dating back to the late 19th and early 20th century constitute an important element of the urban composition of many European cities, often determining their overall spatial expression. These buildings often require revitalization and sometimes also reconstruction or extension. Such activities make it possible to restore historical buildings to their former glory, but also to create new architecture, inscribed...
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POSSIBILITIES OF ELECTRICAL ENERGY GENERATION IN PHOTOVOLTAIC SYSTEMS INSTALLED IN CENTRAL EUROPE
PublikacjaNowadays, fossil fuels are the main sources of energy from which electricity is obtained. But these sources will not last forever, so in due course renewable energies will have to replace them in this role. One of these new sources is solar energy. To generate electricity from sunlight, solar (photovoltaic - PV) cells and modules are used. The increasing interest in PV cells and modules worldwide is due mainly to the fact that...
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Technical and Economic Analysis of the Supercritical Combined Gas-Steam Cycle
PublikacjaCombined cycle power plants are characterized by high efficiency, now exceeding 60%. The record-breaking power plant listed in the Guinness Book of World Records is the Nishi-Nagoya power plant commissioned in March 2018, located in Japan, and reaching the gross efficiency of 63.08%. Research and development centers, energy companies, and scientific institutions are taking various actions to increase this efficiency. Both the gas...
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Factors of successful client co-production in knowledge-intensive business services
PublikacjaPurpose This paper aims to explore the topic of client co-production in knowledge-intensive business services (KIBS). The paper first sketches a theoretical background and reviews previous studies on factors affecting successful client co-production in such companies and then examines these factors via case study research among a small KIBS company and its five customers. Design/methodology/approach The paper is based on an in-depth...
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Architectural Symbols of a City – Case Study
PublikacjaThe identity of a city is understood as a collection of individual features, which give the city its individual character and distinguish it from other places; it undoubtedly constitutes a cultural value, which should be cherished. In the case of Sopot – a spa located on the Bay of Gdansk, the mosaic of its geographical location, landscape values, urban layout and historic architecture has created a unique image of a seaside resort....
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Client co-production in knowledge-intensive business services (KIBS): Case study analysis
PublikacjaPurpose: This paper aims to explore the topic of client co-production in knowledge-intensive business services (KIBS). The paper first sketches a theoretical background and reviews previous studies on factors affecting successful client co-production in such companies and then examines these factors via case study research among a small KIBS company and its five customers. Methodology: The paper is based on an in-depth analysis...
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Entrepreneurship Today: Selected Aspects
PublikacjaAt its very beginning, entrepreneurship was a purely economic notion. However, this growing interest in entrepreneurship-related problems prompted other sciences to participate in explaining the entrepreneurship phenomenon. Nowadays, entrepreneurship is analyzed through multiple theoretical lenses of economics, management, psychology, sociology – just to name a few. Therefore, it would be difficult to find a notion that could be...
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Medieval Bourgeois Tenement Houses as an Archetype for Contemporary Architectural and Construction Solutions: The Example of Historic Downtown Gdańsk
PublikacjaThe basic urban tissue of medieval European cities consisted of brick townhouses. In the cities of northern Europe, these tenements were characterised by a block based on an elongated rectangular plan, covered with a gable roof with a ridge oriented perpendicularly to the street. The side walls of the tenement house were common for both neighbours and constituted a basic structural element. The gable façades were not loaded with...