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Oleksandr Rozhko

Bio: Oleksandr Rozhko is an academic researcher from Taras Shevchenko National University of Kyiv. The author has contributed to research in topics: Higher education & Information technology. The author has an hindex of 3, co-authored 5 publications receiving 29 citations.

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TL;DR: Melnyk et al. as mentioned in this paper studied the effect of industrial revolutions on the transformation of social and economic systems and found that industrial revolutions are a major factor in the success and failure of economic systems.
Abstract: ARTICLE INFO Leonid Melnyk, Oleksandr Kubatko, Iryna Dehtyarova, Oleksandr Matsenko and Oleksandr Rozhko (2019). The effect of industrial revolutions on the transformation of social and economic systems. Problems and Perspectives in Management, 17(4), 381-391. doi:10.21511/ppm.17(4).2019.31 DOI http://dx.doi.org/10.21511/ppm.17(4).2019.31 RELEASED ON Friday, 27 December 2019 RECEIVED ON Friday, 11 October 2019 ACCEPTED ON Monday, 16 December 2019

30 citations

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TL;DR: In this article, the authors present a framework for the formation of endowment funds to support the activities of higher education and propose a general model of managing the endowment fund based on the best practices of the HEIs.
Abstract: The primary purpose of this paper is to determine the model of higher education financing that is the most effective, flexible and easiest to adapt to the market demands. The most successful HEIs of the world have the best practices for attracting and managing additional funds to finance the educational and research activities of the HEIs. The objective of the article is to summarize the existing progressive practices of attracting and managing additional funds to finance HEIs’ activities. The object of the study is the framework for the formation of endowment funds to support the activities of HEIs. Using comparative and system analysis methods, we looked at the most common models of funding for higher education and the mechanisms for attracting additional funds. It was discovered that most countries use three main models of financing higher education – bureaucratic, collegial and market models. Based on the experience of the OECD countries we determined that at the moment the share of private funds varies but tends to increase. The most successful HEIs use the market model to manage their finances and use additional sources of funds to supplement government support. The most wide-spread instruments of attraction additional funding are issuance of bonds, private equity and donations. The most effective ways to manage additional financing are asset management, securitization and endowment funds. Based on the best practices of the HEIs we proposed a general model of managing the endowment funds that uses such principles and provisions that can be applied in the activities of the HEIs, which will allow them to use fundamentally new source of financing.

8 citations

Journal ArticleDOI
TL;DR: In this paper, the current status of budget planning and budget performance is analyzed by reviewing budget legislation, budget reporting, information-analytical and presentation data of state authorities and local governments, the experience of developed countries that have achieved some success in medium-term budget planning in terms of income and spending.
Abstract: The transition to future-oriented medium-term budget planning has been an important innovation in the budget process of Ukraine. Since then, the main budget indicators are calculated for the next three years with a forecast that allows for systemic reforms in several areas. This paper aims to identify problems of implementing budget planning for generating an envisaged and balanced budget in conjunction with the priorities of the state. The current status of budget planning and budget performance is analyzed by reviewing budget legislation, budget reporting, information-analytical and presentation data of state authorities and local governments, the experience of developed countries that have achieved some success in medium-term budget planning in terms of income and spending. The paper also reveals the features and advantages of medium-term budget planning based on the result; explores the approaches to transparent, effective, and high-quality use of budget funds with a limited potential of the state to increase tax revenues. The implementation of budget planning is due to the need for further development of the budget process in Ukraine towards increasing predictability, transparency, stabilizing the budget in the medium term, and solving important problems of efficient and high-quality use of budget funds for economic and social recovery.

4 citations

Journal ArticleDOI
TL;DR: In this paper , the authors analyzed the dynamics and structure of expenditures of the State Budget of Ukraine and determined the approaches to their optimization as a necessary condition for the implementation of the priority of ensuring national needs in war conditions.
Abstract: Introduction. The full-scale military aggression of the Russian Federation against Ukraine led to the destruction of a significant part of Ukraine’s economy and increased the contradictions in the functioning of its financial system. All this led to the need for a systematic analysis of threats and challenges related to the implementation of the budget process from the standpoint of its revenue part, as well as the optimization of expenditures in order to solve the current priorities of ensuring the financing of the Armed Forces and the defense of the state. The purpose of the article is to analyse the dynamics and structure of expenditures of the State Budget of Ukraine and to determine the approaches to their optimization as a necessary condition for the implementation of the priority of ensuring national needs in war conditions. Results. It was emphasized that during the last decade, despite the Russian aggression in 2014, the state budget expenditures did not fully implement the strategic task related to ensuring the defense capability and security of the state. The absence of a budget strategy does not allow to increase the efficiency of the use of state budget expenditures and to minimize the risks and threats that arise in the future. Systematic analysis of budget expenditures over the past 10 years, analysis of changes to the state budget of 2022 and the Law on the State Budget of Ukraine for 2023 made it possible to identify the main contradictions of these processes and justify ways to increase the efficiency of the use of state budget expenditures. Emphasis is placed on the dependence of the State Budget of Ukraine on the financial assistance of our Western partners. Conclusions. The system of operational management of state finances in the context of changes to the State Budget of Ukraine in 2022 became an effective factor in financing the Armed Forces and defense in the first months of the war, and financial assistance from Western partners ensured the relative balance of the State Budget of Ukraine. Financing of defense and security of the state should be a priority of the state’s budget policy both at the level of the Armed Forces and at the level of the defense industry, while constant monitoring of the targeted use of the state’s financial resources is of particular importance.

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TL;DR: A detailed review of the education sector in Australia as in the data provided by the 2006 edition of the OECD's annual publication, 'Education at a Glance' is presented in this paper.
Abstract: A detailed review of the education sector in Australia as in the data provided by the 2006 edition of the OECD's annual publication, 'Education at a Glance' is presented. While the data has shown that in almost all OECD countries educational attainment levels are on the rise, with countries showing impressive gains in university qualifications, it also reveals that a large of share of young people still do not complete secondary school, which remains a baseline for successful entry into the labour market.

2,141 citations

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TL;DR: In this paper, the authors discuss the Japanese context of Society 5.0, which is based on a society-centered approach to take advantage of technological advances to finally solve the problems that currently threaten Japan, such as aging, birth rates and lack of competitiveness, among others.
Abstract: This document discusses the Japanese context of Society 5.0. Based on a society-centered approach, Society 5.0 seeks to take advantage of technological advances to finally solve the problems that currently threaten Japan, such as aging, birth rates and lack of competitiveness, among others. Additionally, another objective is to contribute to the progress of the country and develop the foundations for a better world, in which no individual can be excluded from the technological advances of our current society, to achieve this goal, the Sustainable Development Goals (SDG) have been developed. SDGs seek to assess the methods of use of modern technology and thus find the best strategies and tools to use it in a way that guarantees sustainability within the framework of a new society that demands constant renovations.

68 citations

Journal ArticleDOI
TL;DR: Five major themes of Industry 5.0 addressing, supply chain evaluation and optimization, enterprise innovation and digitization, smart and sustainable manufacturing, transformation driven by IoT, AI, and Big Data, and Human-machine connectivity were classified among the published literature, highlighting the research themes that can be further explored.
Abstract: The term Industry 4.0, coined to be the fourth industrial revolution, refers to a higher level of automation for operational productivity and efficiency by connecting virtual and physical worlds in an industry. With Industry 4.0 being unable to address and meet increased drive of personalization, the term Industry 5.0 was coined for addressing personalized manufacturing and empowering humans in manufacturing processes. The onset of the term Industry 5.0 is observed to have various views of how it is defined and what constitutes the reconciliation between humans and machines. This serves as the motivation of this paper in identifying and analyzing the various themes and research trends of what Industry 5.0 is using text mining tools and techniques. Toward this, the abstracts of 196 published papers based on the keyword “Industry 5.0” search in IEEE, science direct and MDPI data bases were extracted. Data cleaning and preprocessing were performed for further analysis to apply text mining techniques of key terms extraction and frequency analysis. Further topic mining i.e., unsupervised machine learning method was used for exploring the data. It is observed that the terms artificial intelligence (AI), big data, supply chain, digital transformation, machine learning, internet of things (IoT), are among the most often used and among several enablers that have been identified by researchers to drive Industry 5.0. Five major themes of Industry 5.0 addressing, supply chain evaluation and optimization, enterprise innovation and digitization, smart and sustainable manufacturing, transformation driven by IoT, AI, and Big Data, and Human-machine connectivity were classified among the published literature, highlighting the research themes that can be further explored. It is observed that the theme of Industry 5.0 as a gateway towards human machine connectivity and co-existence is gaining more interest among the research community in the recent years.

58 citations

Journal ArticleDOI
11 Nov 2019
TL;DR: Melnyk et al. as mentioned in this paper analyzed key disruptive technologies which form the basis for the Internet of Things and revealed the concept of disruptive technologies as a phenomenon that opens a new cycle of productive forces development.
Abstract: The paper reveals the concept of disruptive technologies as a phenomenon that opens a new cycle of productive forces development. The paper shows essential disruptive technologies which have determined the change of socio-economic formations of human development: from agrarian societies to industrial and post-industrial ones. The authors of the article have analyzed key disruptive technologies which form the basis for the Internet of Things. Thus, it is stated that the innovations created on the basis of personal computers, mobile phones, Internet, Wi-Fi, renewable energy, 3D printers, digital technology, artificial intelligence, RFID tags, GPS, robots, and «cloud» technologies are the original components of the Internet of Things. A prognosis is that 37 billion devices will have been connected to the Internet of Things in the world by 2024. The paper demonstrates the economic view on disruptive technologies as a phenomenon that changes the benefit-cost ratio. The article reveals possible positive and negative effects of the implementation of disruptive technologies. The concept of the so called «the innovator’s dilemma» is discussed, and two principles of disruptive technologies are shown (creative, since it opens a new technological cycle, and destructive, since it undermines the production bases). The authors have empirically estimated the effects of key drivers that impact the average global GDP per capita. Thus, energy use, fixed telephone subscriptions (per 100 people), gross capital formation, improvements in life expectancy, and an increase in mobile cellular subscriptions are among the factors that increase the economic performance. ECONOMIC ANNALS-XXI ISSN 1728-6239 (Online) ISSN 1728-6220 (Print) https://doi.org/10.21003/ea http://www.soskin.info/ea/ Volume 179 Issue (9-10)’2019 Citation information: Melnyk, L., Dehtyarova, I., Kubatko, O., Karintseva, O., & Derykolenko, A. (2019). Disruptive technologies for the transition of digital economies towards sustainability. Economic Annals-XXI, 179(9-10), 22-30. doi: https://doi.org/10.21003/ea.V179-02 UDC: 330.342:316.422.44:316.32(100) Leonid Melnyk D.Sc. (Economics), Professor, Head, Department of Economics, Entrepreneurship and Business Administration 2 Rymsky Korsakov Str., Sumy, 40007, Ukraine mealnyksumy@gmail.com ORCID ID: https://orcid.org/0000-0001-7824-0678 Iryna Dehtyarova PhD (Economics), Associate Professor, Department of Economics, Entrepreneurship and Business Administration 2 Rymsky Korsakov Str., Sumy, 40007, Ukraine i.dehtyarova@econ.sumdu.edu.ua ORCID ID: https://orcid.org/0000-0003-4615-0437 Oleksandr Kubatko D.Sc. (Economics), Professor, Associate Professor of the Department of Economics, Entrepreneurship and Business Administration 2 Rymsky Korsakov Str., Sumy, 40007, Ukraine okubatko@econ.sumdu.edu.ua ORCID ID: https://orcid.org/0000-0001-6396-5772 Oleksandra Karintseva D.Sc. (Economics), Associate Professor, Department of Economics, Entrepreneurship and Business Administration 2 Rymsky Korsakov Str., Sumy, 40007, Ukraine karintseva@econ.sumdu.edu.ua ORCID ID: https://orcid.org/0000-0001-9570-3646 Anna Derykolenko PhD Student (Economics), Department of Economics, Entrepreneurship and Business Administration 2 Rymsky Korsakov Str., Sumy, 40007, Ukraine annysumy@ukr.net ORCID ID: https://orcid.org/0000-0003-4971-5472 © Institute of Society Transformation, 2019

20 citations