В магистерской диссертации рассмотрены современные проблемы управления персонала, проанализированы объективные характеристики для проблемы управления персоналом. Изучена деятельность Государственного Бюджетного Учреждения «Научно-технического центра инноваций и технологий» и составлена модель полной архитектуры предприятия с применением прикладного пакета ARIS. Обоснована необходимость внедрения цифровой платформы в деятельность организационно-управленческого отдела Центрального Республиканского Банка Донецкой Народной Республики. Выполнена разработка проекта внедрения цифровой платформы на предприятие; определена экономическая эффективность внедрения, а также применён системно-динамический подход с целью демонстрации трудозатрат на выполнение этапов внедрения цифровой платформы. / In the master's thesis, modern problems of personnel management are considered, objective characteristics for the problem of personnel management are analyzed. The activities of the State Budgetary Institution «Scientific and Technical Center for Innovation and Technology» were studied and a model of the complete architecture of the enterprise was compiled using the ARIS application package. The necessity of introducing a digital platform into the activities of the organizational and management department of the Central Republican Bank of the Donetsk People's Republic is substantiated. The development of a project for the implementation of a digital platform for an enterprise was completed; the economic efficiency of implementation was determined, and a system-dynamic approach was applied to demonstrate the labor costs for the implementation of the stages of implementation of the digital platform.

В магистерской диссертации рассмотрены проблемы развития системы управления персоналом на современном этапе, проанализированы современные информационные системы управления персоналом. Изучена деятельность Государственного бюджетного учреждения «Научно-технический центр инноваций и технологий», в процессе анализ действующей системы управления персоналом, выявлена необходимость в реализации автоматизированной системы для процесса подбора персонала. Представлен проект реализации автоматизированной системы подбора персонала, с применением системно-динамического подхода для определения трудозатрат на его разработку и дана оценка экономического эффекта от внедрения автоматизированной системы в учреждении. / In the master's thesis, the problems of the development of the personnel management system at the present stage are considered, modern information systems of personnel management are analyzed. The activity of the State Budgetary Institution "Scientific and Technical Center of Innovations and Technologies" has been studied, in the process of analyzing the current personnel management system, the need for the implementation of an automated system for the recruitment process has been identified. A project for the implementation of an automated recruitment system is presented, using a system-dynamic approach to determine the labor costs for its development and an assessment of the economic effect of the introduction of an automated system in an institution is given.

В магистерской диссертации рассмотрены современные проблемы управления информационной архитектурной предприятия. Изучена деятельность Государственного бюджетного учреждения «НТЦИТ», проведено моделирование информационной архитектуры бизнес-процессов, разработано информационное приложение для управления процессов внедрения ИТ-проектов, а также проведен расчет оценки внедрения вэб-ресурса. / In the master's thesis, modern problems of information architecture enterprise management are considered. The activity of the State Budgetary Institution "STCIT" has been studied, modeling of the information architecture of business processes has been carried out, an information application for managing the processes of implementing IT projects has been developed, and an assessment of the implementation of a web resource has been calculated.

Целью работы является разработка методики, позволяющей оценить экономическую эффективность инвестиций в обучение сотрудников на этапе принятия решения о повышении уровня цифровой грамотности. Методика обоснования принятия решения об обучении сотрудников, позволяет оценить экономическую эффективность вложений в обучение сотрудников на этапе принятия решения о повышении уровня цифровой грамотности и основанная на взаимосвязи между уровнем цифровых компетенций сотрудников и их экономической эффективностью. / The aim of the work is to develop a methods that allows to evaluate the economic efficiency of investments in employee training at the stage of making a decision to increase the level of digital literacy. The methods for substantiating the decision to train employees makes it possible to evaluate the economic efficiency of investments in employee training at the stage of making a decision to increase the level of digital literacy and is based on the relationship between the level of digital competencies of employees and their economic efficiency.

Text in English / Cow size influences biological efficiency of individual animals, which influences herd composition and stock flow. This in turn influences the economic efficiency of the herd. This research followed the thread from animal size, to biological efficiency, to economic efficiency for beef cattle production under a typical production system in semi-arid South Africa. Cattle were grouped into three groups namely small, medium and large cattle, with mature weights of 300kg, 450kg and 600kg respectively. The net energy requirements of individual cattle were calculated for maintenance, growth, lactation and foetal production, for each of the three sizes. Growth rates, milk yield, reproduction rates, and management practices were assumed from existing research. Next the stock flow for a herd of small, medium and large cattle were calculated from the above. Income and expenses as commonly used in the research area were calculated from the stock flow. Gross profit above allocated costs were subsequently calculated for the three herds under the above-mentioned conditions. When assuming similar reproduction and growth rates for small, medium and large mature cattle, the following results were obtained: more heads of small cattle could be held on a set resource base, but the total live weight of a herd of large cattle that could be held on the same resource base was greater. This was mostly due to proportionately lower maintenance energy requirements in the herd of large cattle. In the simulation in this study, maintenance energy requirements for the herd of large cattle was 71.2%, compared to 72.0% for the herd of medium cattle and 73.1% for the herd of small cattle. Income from the herd of small cattle was the lowest, as less kilograms of beef were available to sell. Allocated costs for the herd of small cattle were the highest, due to a large number of expenses being charged per head of cattle. As a result, the herd of large cattle were more economically efficient than their smaller counterparts. Income above allocated costs for the herds of large, medium and small cattle were R1,182,865, R1,085,116 and R946,012 respectively. Larger cattle generally have a lower reproduction rate under similar conditions. No equation exists that directly links size to reproduction rates, especially considering the vast number of variables that influences reproduction rates. However, in the form of scenarios, it could be calculated that, given a reproduction rate of 80% for mature small cattle, when reproduction rates of large cattle were 24.7% lower than that of small cattle and the reproduction rates of medium cattle were 15.4% lower than that of small cattle, the large and medium herds became less profitable than the small herd. Smaller cattle mature faster than larger cattle which provides the opportunity for early breeding. When small cattle were bred early, at 15 months, at a calving rate of only 44.5% it was more profitable than when the same cows were bred at 24 months. When medium cattle were bred at 15 months, a calving rate of 37.0% was needed to be more profitable than when they were bred at 24 months. Even when the herd of small cattle were bred at 15 months with a reproduction rate of 100%, it could still not match the profitability of the herd of large cattle bred at 24 months given the reproduction rates of all other classes of animals were similar. When the herd of medium cattle were bred at 15 months, at a calving rate of 53.7%, it matched the profit of the herd of large cattle that were bred at 24 months, when the reproduction rates of other classes were equal. Scenarios were considered were feed intake was limited. When feed was limited to a specific amount, smaller cattle were more biologically efficient and cattle with potential for small mature sizes would grow to a larger size than cattle with potential for medium and large mature sizes. When feed was limited by a factor of the calculated energy requirements of small, medium and large cattle, large cattle were more effective. This is because large cattle use proportionately less energy for maintenance, which allows more energy to be allocated to growth, lactation and foetal production. When energy was limited to an amount per unit of metabolic weight, small cattle were more efficient than medium and larger cattle in the growth and production phases. Small, medium and large cattle were equally efficient (or inefficient) in the maintenance and lactation phases. Energy requirements of cattle in South Africa are commonly calculated using the Large Stock Unit (LSU). The LSU typically overestimates energy requirements for cattle, except in the lactation phase. When using the LSU to match small, medium or large cattle to a resource base, the LSU overestimates energy requirements of large cattle proportionately more than that of small and medium cattle. This is excluding the lactation phase, where energy requirements for all three sizes are underestimated and that of large cattle underestimated proportionately more. There are more considerations when matching cow size to managerial practices. A smaller body size is a natural adaptation to a semi-arid environment and this adaptation can be expressed in different ways. The number of animals on a resource base has implications on management practices. Having more heads of cattle on a resource base increases genetic variation of the herd, allowing for genetic progress to be made faster than in herd of fewer cattle. / Agriculture and  Animal Health / M.Sc. (Agriculture)

本論文包含兩篇獨立但主旨相關的文章， 目的均在探討融資契約與廠商投資的關聯，以分析融資契約的實質效果。第一篇文章「股價資訊外部性與新投資之採行」研究權益證券(股票)集訊、揭訊功能的實質效益，我們由股價資訊公開所產生的外部效果，分析股價資訊效率性與廠商投資效率之間的關聯。在1.眾多異質廠商，2.投資具實質選擇權(real options)特性的假設下，內生化廠商與股市交易者的資訊取得決策，發現1. 均衡時廠商的投資與資訊取得決策取決於廠商技術水準與股價效率性之高低：高股價效率性時，無廠商取得新資訊，皆根據股價判斷投資，低股價效率性時，僅較低技術廠商根據股價資訊投資。2. 股價有額外的資訊揭露效果：由於廠商僅能獲得新資訊的部份效益，且廠商利用資訊有機會成本，將投資證券化可提高新資訊被揭露的可能性，使得資訊可被充份利用，提昇投資效率。3. 股價資訊可提增投資效率，增加廠商期望報酬，但當體系平均技術水準落後，新資訊的實質效益低落時，股價資訊公開的外部淨效益亦趨薄弱，故經濟發展初期，股市資訊公開的外部效益相對不重要。 第二篇文章「抵押品、財務槓桿與廠商投資」研究借貸契約中，抵押品舒緩借貸限制的作用，及其可能產生的實質效果。我們採用Williamson(1986,1987)的狀態確認成本模型(costly state verification model)，在該訊息不對稱模型，廠商向外融資面臨借貸限制，僅較高自有資金廠商可獲融資。當借貸市場資金相當寬鬆，資金供給恆大於資金需求，資金成本(無風險利率)為一由模型外因素所決定的外生參數時，抵押融資不影響資金成本，此時抵押品具有舒緩借貸限制的作用，體系財務槓桿提高，期望查帳成本下降，投資的期望淨產出增加。若資金相對緊俏，無風險利率須由借貸市場均衡所內生決定時，長期而言，財務槓桿僅受體系資金寬鬆程度的影響，短期間抵押融資雖能提高財務槓桿，但隨槓桿之提高，資金需求增加，無風險利率上揚，在新的均衡，較低自有資金廠商投資的期望報酬下降，借貸利率上漲，反而增加其應負債務，資產狀況惡化，此即本文所欲突顯之抵押融資的潛在成本。 第一章 緒論 3 第一節 研究動機 3 第二節 研究內容與架構 5 第二章 文獻回顧 7 第一節 融資契約的功能 7 第二節 金融結構與實質經濟活動 13 第三節 股價資訊與廠商投資 18 第四節 抵押品與廠商投資 22 第三章 股價資訊外部性與新投資之採行 27 第一節 前言 27 第二節 基本模型 29 第三節 期中股市均衡與股價效率性 35 第四節 股價資訊外部效益 41 第五節 小結 46 附 錄 47 第四章 抵押品、財務槓桿與廠商投資 53 第一節 前言 53 第二節 基本模型 55 第三節 抵押融資模型-資金寬鬆時的抵押品效果 62 第四節 抵押融資模型-資金緊俏時的抵押品效果 66 第五節 小結 70 第五章 結論 72 第一節 研究限制 72 第二節 未來研究方向 77 參考文獻 79 / This dissertation collects two separate but related papers, both study the channel through which financing contracts can affect firms' investment decisions and the corresponding real effects. The first paper " Informational Externality of Stock Prices and Firms' New Investment Decisions" analyzes what real benefits the information acquisition and signaling function of stocks can produce. From the viewpoint of informational externality, stock prices may disclose some valuable information beneficial to firms' investment decisions. Under the assumptions of " heterogeneous technology" and "new investment as a real option", this paper finds 1. Firms' investment and information acquisition decisions are determined both by their own technology level and stock prices efficiency. With high price efficiency, no firms acquire information directly, all make investment decisions based on stock prices. With low price efficiency, most firms acquire information directly, only few low-tech firms make decisions according to stock prices. 2. Stock prices have additional signaling effect. Firms can ony get half benefits of new information, besides they have opportunity costs in using information. As a result, stock prices can enhance the possibility of information disclosure, improving investment efficiency. 3. When the economy is underdeveloped and the real benefit of new information is small, the net benefit produced by informational externality will be tiny. The stock prices externality effect is thus comparatively unimportant at the beginning stage of economy. The second paper " Collateral, Financial Leverage and Firms' Investment"analyzes the constraints-smoothing function of collateral and its real effects. By adopting Williamson's costly state verification model(1986,1987), I find that with this specific asymmetric information structure, there are financing constraints in capital markets, only firms whose own capital inputs are higher above some level can get borrowed capital. The question is " Can offering collateral smooth this kind of financing constraints?" In markets with abundant capital where capital supply always exceeds demand, capital cost(riskless interest rate)will be an exdogenously-determined parameter which won't be affected by collateral financing. In this scenario, collateral can smooth financing constraints, increase financial leverage and improve the net expected return of investment. On the contrary, if capital is not so abnudant that the capital cost should be determined endogenously by capital market equilibrium, then in the long run this economy's financial leverage depends only on the relative abundance of capital. Though collateral financing can increase financial leverage in the short run, as capital demand increases, capital cost will also increase. This will offset the initial smoothing effect of collateral. After full adjustment of capital cost, at the new equilibrium the financial leverage remains unchanged. However, the expected return of firms with lower own capital inputs become smaller, and their borrowing rates become higher which mean they have heavier debt burden and less net worth at the new equilibrium.

Im Rahmen des Transferprojektes sollen baubetriebliche Rahmenbedingungen und Kennwerte, die zur Beurteilung der wirtschaftlichen Anwendung des Verfahrens geeignet sind, erarbeitet werden. Untersucht werden soll die Applikation von textilbewehrtem Beton im Bereich der Sanierung und Verstärkung von großflächigen Betonbauteilen. Generell können Bauaufgaben in sehr vielen Fällen durch verschiedene Bauverfahren realisiert werden, die sich regelmäßig hinsichtlich der Kosten, der benötigten Bauzeit aber auch hinsichtlich der gelieferten Qualität und des Einflusses auf die Umwelt unterscheiden. Aus baubetrieblicher Sicht wird traditionell über den kalkulatorischen Verfahrensvergleich jenes Verfahren ermittelt, mit dem die Realisierung am wirtschaftlichsten ausgeführt werden kann. Falls qualitative Kriterien beim Verfahrensvergleich mit berücksichtigt werden sollen, stehen verschiedene Methoden zur Auswahl. Der Begriff Nutzwertanalyse wird häufig als Synonym für diese nichtmonetären Bewertungsverfahren verwendet. In diesem Sinne ist auch der Titel des Beitrages zu verstehen. Die Grundlage bilden die baubetrieblichen Rahmenbedingungen, welche im Rahmen dieses Forschungsprojektes bestimmt werden. Hierzu zählen unter anderem die Entwicklung einer Trockenmischung des zu verwendenden Betons aus der bisher verwendeten Standardrezeptur der TU Dresden und geeigneter Maschinen für die Applikation des textilbewehrten Betons.

伴隨著世界歷史步入二十一世紀，以企業為核心的市場體系處於一個大的結構性調整。企業能否順利調整到為整個世界的經濟發展服務，成為了全球各大公司所關注的首要問題。在此轉捩點，各個勵精圖治的企業家無一例外的選擇了擴大經營規模，世界500大的公司都是靠收購和合併發展起來，國際企業經常以併購的方式進行企業水平、垂直整合，以利於從事專業經營，提升經營效率，為因應企業全球化趨勢，有關企業併購法制之完備及明確，勢所必需。 企業收購合併為一法律上饒富興味之課題，這不只因為合併具有多種的形態，更因為合併涉及企業間複雜的權利義務關係，使得多種面向的法律領域都與之產生牽連。 本論文之結構安排如下：第一章為緒論，介紹本篇論文之研究動機、背景、以及研究方法與範圍。第二章為法律經濟分析概述，介紹法律經濟分析的內涵、背景、發展以及與傳統法學研究上之差異，並說明為何選取以法律經濟分析之方式作為研究主軸。第三章法律經濟分析的經濟理論基礎，主要對法律經濟分析中經常運用到個體經濟學的最大化、效益、供需理論及賽局理論進行分析與闡述。第四章為企業併購概述。第五章台灣企業併購現況。第六章為企業併購法制之經濟分析檢視各種現行法之可行性，並建議以經濟觀點構築之法制作為解決方案。第七章為結論與建議。 本文的主要目的以一種法律經濟分析的不同視角，從企業併購的經濟學基礎、法律制度的供需狀況、效率等方面論證對企業併購法制進行法律規範的必要性和合理性，有系統地檢視企業併購於現行法中所扮演之功能分析是否符合經濟學中效率的觀念，並且分析於現行企業併購法制發生違反效率的情況。 / During the last quarter of the twentieth century, the humanities and social sciences have turned toward history, something that culminated in the 1990s, and this phenomenon was evident in law as well. However, until recently, law and economics, the most influential post-World War II jurisprudential movement, was a-historical in its methodology and research agenda. The objective of this article is to call attention to economic analysis of merger and acquisition law, its methodological causes, and the nature of its interaction with other sub-fields of law and of economics. Mergers and acquisitions are undoubtedly among the most significant macro-economic phenomena of the industrialized West during the last twenty years. The size of acquisitions is constantly rising, with no sign of this phenomenon being part of a passing trend. Taking into consideration the diverse and complex aspects of acquisitions, the Article attempts to develop a comprehensive theoretical model that defines acquisition law's central policy goals and suggests criteria to be followed in order to ensure the achievement of these goals.

From the Proceedings of the 1978 Meetings of the Arizona Section - American Water Resources Assn. and the Hydrology Section - Arizona Academy of Science - April 14-15, 1978, Flagstaff, Arizona / Although the Arizona Watershed Program 's (AWP) research efforts have had considerable success over the past 22 years in its objective to further knowledge of the feasibility of vegetative manipulation and modification as a method of increasing surface water yields, its principal sponsor and supporter, the Arizona Water Resources (AWRC), has not, to date, met with similar success. Described are three of the AWRC 's unsuccessful attempts to implement on-going action programs of vegetative management for water yield improvement: The Barr Report, the Ffolliott-Thorud Report, and the Globe Chaparral controversy, to illustrate how overstated program goals, unrealistic assumptions about the political feasibility of treatment types, extent, and intensity; failure to recognize the emergence of significant new decision-making participants, and unsettled questions concerning program costs and beneficiaries have contributed to setbacks in these programs. It is suggested that political as well as scientific constraints have accounted for reported failures in the implementation of the AWP action program objectives.

Submitted by Ffrancisco Bernardes Costa Filho (filho.f@pg.com) on 2016-09-29T16:34:05Z No. of bitstreams: 1 Tese Mestrado - 12.09 (Final).pdf: 1586208 bytes, checksum: 51f87ddf828062ad3b16fe39c24af0d0 (MD5) / Rejected by Renata de Souza Nascimento (renata.souza@fgv.br), reason: Conforme contato telefônico, o trabalho foi rejeitado por não estar de acordo com as normas da ABNT. As observações referente às alterações, serão encaminhadas por e-mail. att Renata on 2016-09-29T17:04:27Z (GMT) / Submitted by Ffrancisco Bernardes Costa Filho (filho.f@pg.com) on 2016-10-05T21:32:02Z No. of bitstreams: 1 Tese Mestrado FRANCISCO - 05.10.pdf: 1741157 bytes, checksum: aff719249f03fa3ef3c02bb6777c7703 (MD5) / Rejected by Renata de Souza Nascimento (renata.souza@fgv.br), reason: Francisco, Conforme mencionado no e-mail, retirar a sigla SP da contracapa. Att. on 2016-10-05T21:45:33Z (GMT) / Submitted by Ffrancisco Bernardes Costa Filho (filho.f@pg.com) on 2016-10-06T15:14:09Z No. of bitstreams: 1 Tese Mestrado FRANCISCO - 06 10 (FINAL).pdf: 1482803 bytes, checksum: 43f9a48d3418c1bf1c20a07d46bd4c3b (MD5) / Approved for entry into archive by Renata de Souza Nascimento (renata.souza@fgv.br) on 2016-10-06T16:09:56Z (GMT) No. of bitstreams: 1 Tese Mestrado FRANCISCO - 06 10 (FINAL).pdf: 1482803 bytes, checksum: 43f9a48d3418c1bf1c20a07d46bd4c3b (MD5) / Made available in DSpace on 2016-10-06T18:27:36Z (GMT). No. of bitstreams: 1 Tese Mestrado FRANCISCO - 06 10 (FINAL).pdf: 1482803 bytes, checksum: 43f9a48d3418c1bf1c20a07d46bd4c3b (MD5) Previous issue date: 2016-09-12 / Originally, the tax substitution (ST) of the State Value Added Tax (Imposto sobre Circulação de Mercadorias e Serviços - ICMS) was conceived / designed to be applied only to sectors of the economy which traded products classified as commodities, with few producing industries and sectors with products with little variety of items and large number of distribution points and sale. This logic made sense from an economic point of view as well as the tax collection efficiency point of view. It turns out that from the year 2008, several Brazilian states, led by the state of São Paulo, expanded the application of the tax substitution for almost all sectors of the economy. This study, using as main methodology, literature, doctrinal and legislative study and collection of collection of data through public portals and industry associations information, aims to analyze whether economic efficiency in the collection of taxes generated by implementation on a large scale, the institute of tax substitution for the ICMS by the government of the state of São Paulo, from 2008, also brought benefits of efficiency and competitiveness for companies from São Paulo, considering the concepts advocated by Joseph Stiglitz on a good taxation. / Originalmente, a substituição tributária (ST) do Imposto sobre Operações de Circulação de Mercadorias e Prestação de Serviços de Transporte Interestadual e Intermunicipal e de Comunicação (ICMS) foi concebido/desenhado para ser aplicado apenas para setores da economia que comercializavam produtos classificados como commodities, com poucas indústrias produtoras e setores com produtos com pouca variedade de itens e com grande número de pontos de distribuição e venda. Uma lógica que fazia sentido tanto do ponto de vista econômico bem como do ponto de vista de eficiência da arrecadação tributária. Ocorre que a partir do ano de 2008, vários estados brasileiros, liderados pelo estado de São Paulo, expandiram a aplicação da substituição tributária para quase todos os setores da economia. O presente trabalho, utilizando como metodologia principal, o estudo bibliográfico, doutrinário e legislativo, bem como a coleta de dados de arrecadação por meio de portais públicos e informações de Associações Industriais, tem como objetivo analisar se eficiência econômica na arrecadação de tributos gerada pela implementação, em larga escala, do instituto da substituição tributária para o ICMS pelo governo do estado de São Paulo, a partir de 2008, também trouxe benefícios de eficiência e competitividade para as empresas paulistas, considerando os conceitos preconizados por Joseph Stiglitz sobre uma boa tributação.