Marcel Ioan Bolos

Marcel Ioan Bolos
University of Oradea · Department of Finance and AccountingDepartamentul de Finante-Contabilitate

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38
Publications
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72
Citations

Publications

Publications (38)
Article
Full-text available
This paper studies the problem of tangible assets acquisition within the company by proposing a new hybrid model that uses linear programming and fuzzy numbers. Regarding linear programming, two methods were implemented in the model, namely: the graphical method and the primal simplex algorithm. This hybrid model is proposed for solving investment...
Article
Full-text available
This research sets the basis for modeling the performance indicators of financial assets using triangular neutrosophic fuzzy numbers. This type of number allows for the modeling of financial assets performance indicators by taking into consideration all the possible scenarios of their achievement. The key performance indicators (KPIs) modeled with...
Article
Full-text available
The paper aims to develop a MAMDANI fuzzy controller for detecting the financial sustainability risk of the assets owned by the company. This type of risk indicates when an asset no longer produces economic benefits to the company, or the benefits are small enough to no longer justify the asset maintaining in working order. The proposed fuzzy contr...
Article
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This paper develops a Mamdani fuzzy logic system (FLS) that has stochastic fuzzy input variables designed to identify cash-flow deficits in bank lending policies. These deficits do not cover the available cash-flow (CFA) resulting from the company's operating activity. Thus, due to these deficits, solutions must be identified to avoid companies' fi...
Article
Full-text available
As companies operate in a competitive environment, where the struggle for survival on the market is rather tough, the top management face new challenges to identify methods, and even techniques, which allows it to select from the market those assets that provide an optimal ratio between the acquisition cost and the economic performance. In this con...
Conference Paper
Full-text available
The dividend policy is one of the most important financial decisions that a manager can take: the decision to distribute dividends. Although dividend distribution policy reduces sources of self-financing, it can still achieve the strategic goal of maximizing the value of the company by enhancing its shareholders. The influence of dividend policy on...
Article
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Union of European Capital Markets is a recent initiative of the European Commission, issued the credit crunch from EU. This paper aims to discuss the advantages and disadvantages of this Union, estimated to be achieved by 2019. At the same time, we intend to analyze the opportunities and limits of achieving this union, its impact on European integr...
Article
Full-text available
The Structural Funds, in order to produce the intended effects, must use their specific management tools, for achieving the strategic objectives, outcome indicators and elements of added value set by each EU member state. The project portfolios must be managed properly. If risks of a project become contagious for other projects, we are witnessing a...
Article
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This study is part of research from corporate governance domain, knowing that one of the major concerns of stakeholders is to identify decisions that ensure adequate control over costs and hence over the risk of cash flow, in order to ensure a high level of performance. The immediate consequence is that the decision to control the risk of cash flow...
Article
Full-text available
The information confidentiality and cyber security risk affects the right to confidentiality and privacy of the patient, as regulated in Romania by the Law 46/2002. The manifestation of the cyber security risk event affects the reputation of the healthcare institution and is becoming more and more complex and often due to the: development of networ...
Article
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The fuzzy logic system developed in this research paper seeks to identify the financial risk of projects financed from structural funds when changes occur in project values, in the duration of the projects and in the implementation durations. Those two factors are known to influence the financial risk. The fuzzy system was simulated using Matlab an...
Article
The spectacular development of recent year's technology has created new opportunities for communication industry and beyond, through the new arises possibilities of the dijferent platforms' users to actively participate on content creation. The new Web 2.0 technologies have changed the communication channel both between various users' categories an...
Article
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Through this study we intend to demonstrate that the capital market index in Romania is influenced by the real GDP, the stock exchange indices, the real interest rate, the exchange rate RON/USD and the inflation rate. Therefore, the grey systems theory has been used, namely the degrees of grey incidences have been calculated for the considered vari...
Article
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Due to the development of information technology, every enterprise has a lot of data, which magnify the difficulties of selecting the most relevant. Hence, appears the mistake of measuring too many things. Owning too much information, will lead to vagueness, the opposite effect of a measuring system. This phenomenon does not depend on the manager’s...
Article
After 1990, the Romanian health system has entered into a comprehensive reform process, which continues even today in order to meet the conditions imposed by the European Union. Also, the implementation of a risk management's system in each hospital is a condition that has to be accomplished and implemented. As the risks encountered at a hospital's...
Conference Paper
The present paper tries to give a new perspective on the banking risks and their influence on the profitability of the banking sector as a whole, with a tremendous impact on banks survival in now-a-days economy. Due to the more and more uncertain economical environment, this impact is even harder to be measured and managed. That is why here it can...
Article
The paper treats the debate about active management versus passive management, presenting the two extreme viewssupporters and opponents of EMH theory, the most common used active and passive strategies, with their theoreticalgrounds and empirical studies.
Article
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Global economic conditions have pushed many countries into the delicate situation of contracting foreign loans, leading overnight at alarming volumes of public debt. The need for control and relevant analysis for the sustainability of a country\'s public debt has led us to use the Kalman filter in predicting future values of the key indicators of p...
Article
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The paper aims to approach innovative financial instruments for the management of public resources. In the category of these innovative tools have been included polynomial spline functions used for budgetary sizing in the substantiating of fiscal and budgetary policies. In order to use polynomial spline functions there have been made a number of st...
Article
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Auctions purchases represent an effective mechanism for public authorities, designed to provide the buyer (public authority), products and services with a convenient time to complete the transaction and the option to set a minimum price. In this paper we will study the problem of the optimal public expenditure rules using Bayes-Nash equilibrium in...
Article
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The science of public finances has an arsenal of methods, techniques and procedures which on long term allow it to act by eliminating waste and losses from the complex mechanism of public finances. An important component of this mechanism is engaging the public expenditure, through which the grant of financial resources from the public budget are s...
Article
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The evolution of corporate ownership structure, in particular the resolution of asymmetric information among stockholders, managers and creditors, requires very complex research. This paper aims to investigate how asymmetric information determines stakeholders to behave and how financial decision bears upon the performance of the organization.
Article
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In an intuitive attempt to define financial distress in the public sector, it can be represented by the turbulence over the normal rhythm of indicators’ evolution in the public revenues, due to the influence of exogenous factors coming from the real economy, the behavior of taxpayers as well as to other influencing factors. This way of defining f...
Article
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Utility is a concept used by economic theory to characterize human decision-making. Project financing implies a complex decision-making process that is based on an agent’s choice of financial sources. Selecting between various financing options is guided by risk and reward. These two criteria make up the value of each project financing option. The...
Conference Paper
Traditional methods of measuring risk refer to the five technical risk ratios like alpha, beta, standard deviation, R-squared, and the Sharpe ratio. These are all statistical methods used in modern portfolio theory. The normal distribution is the most common type of distribution used for evaluating risk probability. Under the classical theory of ri...
Conference Paper
Full-text available
Traditional methods of measuring risk refer to the five technical risk ratios like alpha, beta, standard deviation, R-squared, and the Sharpe ratio. These are all statistical methods used in modern portfolio theory. The normal distribution is the most common type of distribution used for evaluating risk probability. Under the classical theory of ri...
Article
Full-text available
The aim of this study is to investigate the costs and benefits of Romanian integration in European Union. Starting from this ideea, the paper presents the political and economic factors that conduct to the integration even that the economic growth is unde
Article
The paper aims to examine the application of principles of corporate governance fortransparency and efficiency of decision and control at the level of local public entities. We intend toargue the importance of these principles of governance in the public entities to determineresponsibility and management decision-making bodies in achieving the obje...
Article
Public finances from everywhere have followed along the centuries, as it was natural, some periods when they had to accommodate to the needs resulted from the economic and social life. Their mission was not at all a simple one. To conceive the taxes and rates (dues) system, to ensure a performing and an efficient budgetary process, to finance some...
Article
Full-text available
The local communities from Romania and those from Eastern Europe have become important public services suppliers carried out in the interest of their citizens. Public services such as pre-university education system, culture, assistance and social protection, but also public lightening, water supply, and sewerage are examples of services which are...
Article
The attentive diagnosis of the local economic basis, the deep understanding of the obstacles that confront the economic growth and the investments, the elaboration and the implementation of certain strategies to facilitate the investments are the means by which the local authorities can assure the future of the local community which voted them. The...

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