New Articles – Business Administration and Management

Utilization of time-driven activity-based costing and process simulation in cost management of organization

Michal Halaska, Roman Sperka

The deployment of information and communication technologies in organizations is on the rise. Many organizations consider the application of technologies to be a crucial key to improve their processes. However, traditional costing systems are not suitable for cost estimation of business processes due to the use of volume-based cost drivers, which are often not adequate for the structure of today’s organizations. In this research, we present an overview of how the TDABC (time-driven activity…

DOI (& full text): doi.org/10.15240/tul/001/2024-5-007 more

Medical device regulation and its impact on the industry: A case study of Czech companies

Jan Maci, Martin Matejicek, Lukas Peter, Frank Lefley, Petra Maresova

The implementation of regulations is often seen as a necessary tool to mitigate market failures and safeguard consumer interests. The Medical Device Regulation (MDR) is a recent regulation specifically designed for the production of medical devices, aiming to ensure their safety and effectiveness. This article focuses on Czech companies and seeks to examine and quantify the effects of the MDR on their operations, considering both economic and procedural impacts. Through the analysis of primary…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-003 more

Managers’ attitudes as a critical success factor of kaizen

Mirjana Todorovic, Milan Cupic, Dejan Jovanovic

The purpose of our study is to examine the manager’s attitudes towards different aspects of kaizen, their commitment to the idea of kaizen, and their attitudes towards the motivation and participation of employees. We use a questionnaire to investigate the attitudes of 124 managers – 62 economists and 62 engineers, from 62 manufacturing companies operating in Serbia. We employ exploratory factor analysis (EFA) and Mann-Whitney’s U test. We find a moderate level of managers’ agreement with the…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-005 more

The role of leadership in managing digital transformation: A systematic literature review

Lazar Rakovic, Slobodan Maric, Lena Djordjevic Milutinovic, Vuk Vukovic, Radmila Bjekic

Digital transformation should not be seen as a time-bound project, but rather as a process that needs to be continuously improved and managed over time. In the absence of leadership, digital transformation will occur spontaneously in an organisation, but it is necessary to monitor and manage the process itself to achieve the goal and establish a digital organisation. A person who leads the digital transformation must possess the appropriate competencies. Leadership competencies, especially the…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-006 more

An attempt to resolve no-wait flow shop scheduling problems using hybrid ant colony and whale optimization algorithms

Reza Rostamzadeh, Arezou Gholipour, Mohammad Reza Komari Alaei, Edmundas Kazimieras Zavadskas, Jonas Saparauskas

The incentive for many developments and scientific progresses within the field of scheduling has emerged from industrial environments, and naturally, it could be utilized in expressing the scheduling concepts regarding terms used in the industry. Generally speaking, scheduling problems are known as limited optimization issues through which decisions related to the machines’ assignment and works processing sequence are probed. Thus, following a review of the related literature, the major goal of…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-007 more