Browsing by Author "Stankevičienė, Jelena"
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- ItemAnalysis of Green Economy Dimension in the Context of Circular Economy: The Case of Baltic Sea Region(Technická Univerzita v Liberci, ) Stankevičienė, Jelena; Nikanorova, Marta; Çera, Gentjan; Ekonomická fakultaThe circular economy is based on the synergy of economic, environmental and social dimensions on -micro, -meso and -macro levels. Integration of circular economy would help to shift from a linear economy, which promotes “take-make-waste” industrial model to a more effective economic system that is based on business models, which replace the “end-of-life” concept with reducing, alternatively reusing, recycling and recovering materials in production/distribution and consumption processes. This alternative model would encourage producers to develop innovative solutions to reduce production waste, be in the line of “green” production and resource-efficient usage. A circular economy would help to solve problems of resource shortage, negative environmental impact, production and consumption waste by developing closer relationships between suppliers, manufacturers, retailers and consumers. Regulation and policy determents may influence consumer behaviour by promoting investment into environmental and social drivers, subsidiaries for eco-innovation and eco-technology development, and supporting inefficient consumption taxes and production pollution taxes. The purpose of the article is to propose a way of analysing of green economy dimension in the context of circular economy, by providing empirical tests on economic data of Baltic Sea Region countries. The current paper includes the observation of green economy dimension in the context of circular economy in Baltic Sea Region including Green investment, Green fiscal policy, and Technological development. A multi-criteria decision analysis methods TOPSIS and MULTIMOORA were used to compare the set of indicators by identifying weights for each criterion. TOPSIS and MULTIMOORA are quite useful methods to rank and make selection of several indicators.
- ItemValue creation for stakeholders in higher education management(Technická Univerzita v Liberci, ) Stankevičienė, Jelena; Vaiciukevičiūtė, Agnė; Ekonomická fakultaThe article deals with value creation measurement issue in public Higher Education Institutions (HEIs) and discuss the linkage between selected Key Performance Indicators (KPIs) and new multi-criteria Factor Relationship (FARE) method capability to present accurate results when one of the Lithuanian universities is chosen. In order to enhance the precision of the results, the specific stakeholder group according to their power and willingness to cooperate was used as the basis for selected KPIs. Based on the stakeholders’ distribution the employees from the group with the highest power and cooperation level were chosen as a target group. The selection process was diverted to the criteria groups of efficiency and internationality regarding to value creation process when public university is considered as a beneficiary of value created. The employees of the university were compared against 6 criteria, 4 of which characterize specific performance of various types of employees based on internationality aspect which was considered as important component in overall performance, 1 refer to financial performance activities and another 1 respond to resource contribution towards internationality in university as a whole. The minimum amount of initial data of the relationship between the chosen criteria group was taken from experts and used as the basis for analytical evaluation of other criteria groups’ relationship. Based on the new Factor Relationship (FARE) multi-criteria evaluation method, results concerning importance of each criterion were measured. The findings showed which KPIs group plays the highest role in value creation process of selected Lithuanian university. The results showed that the most important criteria groups were professors’ internationality as well as Service and Administration Resources Environment. These two components had the highest importance weights compared with other criteria groups.