Management and Control of the Inventory of Problematic Wells; A Stochastic Process Approach

2002 ◽  
Author(s):  
Waddah T. Alhanai
Keyword(s):  
Stochastic Process ◽  
Process Approach ◽  
And Control

scholarly journals A stochastic process approach to false discovery control

2004 ◽  
Vol 32 (3) ◽  
pp. 1035-1061 ◽  
Author(s):  
Christopher Genovese ◽  
Larry Wasserman
Keyword(s):  
Stochastic Process ◽  
Process Approach ◽  
False Discovery

Applying the process approach in setting up the system of internal control in economic entities

2021 ◽  
Vol 20 (12) ◽  
pp. 2313-2323
Author(s):  
Zhanna A. KEVORKOVA ◽  
Natal'ya G. SAPOZHNIKOVA
Keyword(s):  
Control System ◽  
Internal Control ◽  
Business Processes ◽  
Risk Identification ◽  
Process Approach ◽  
Control Practice ◽  
Economic Entity ◽  
Internal Control System ◽  
Theoretical Generalization ◽  
And Control

Subject. The article addresses the organization and implementation of process approach when setting up a system of internal control of an economic entity, which ensures the management of effectiveness of divisions’ activities. Objectives. We aim at investigating the organization of the internal control system of an economic entity, based on its activities, accounting policies, classification of business processes, and risk identification. Methods. The study rests on methods of theoretical generalization, structural grouping, logical analysis, as well as the analysis of scientific and practical literature and accounting and control practice. Results. The analysis of practices revealed a number of problems in the implementation of the process approach in the accounting and control activities of economic entities, in particular, insufficient understanding and unpreparedness of management to implement the process approach, the lack of a system for regulating business processes, the lack of interconnection between the system of control indicators and the created business processes. It is advisable to divide the process of organizing the internal control system into a number of stages, i.e. the definition of activities, typology of business processes, risk identification, testing the internal control system’s quality. Conclusions. The introduction of the process approach in organizing an internal control system involves the systematization of information, depending on the nature of the business process, requiring permanent updating. The emergence of non-standard situations makes it necessary to adjust the boundaries of business processes. The resources of accounting business processes are personnel, software, equipment, and other infrastructure elements.

A Sampling Approach to Modeling and Control of a Large-Size Robot Population

2010 ◽  
Author(s):  
Dejan Milutinovic´ ◽  
Devendra P. Garg
Keyword(s):  
Stochastic Process ◽  
Optimal Control ◽  
Close Relation ◽  
Modeling And Control ◽  
Stochastic Sampling ◽  
Large Size ◽  
Continuous Components ◽  
Estimation And Control ◽  
The Individual ◽  
And Control

Motivated by the close relation between estimation and control problems, we explore the possibility to utilize stochastic sampling for computing the optimal control for a large-size robot population. We assume that the individual robot state is composed of discrete and continuous components, while the population is controlled in a probability space. Utilizing a stochastic process, we can compute the state probability density function evolution, as well as use the stochastic process samples to evaluate the Hamiltonian defining the optimal control. The proposed method is illustrated by an example of centralized optimal control for a large-size robot population.

scholarly journals Management accounting in the context of digitalization

2021 ◽  
Vol 106 ◽  
pp. 01037
Author(s):  
Alexey Platov ◽  
Munir Kalemulloev ◽  
Shakhlo Zikirova
Keyword(s):  
Continuous Monitoring ◽  
Management Accounting ◽  
Process Approach ◽  
Digital Model ◽  
Effective Management ◽  
And Control

This article examines aspects of digitalization as a way to optimize management accounting and control the movement of inventory of enterprises. Revealed the advantages that digitalization provides for management accounting at the enterprise. The stages of the process of digitalization of management accounting of an enterprise are described. Within the framework of the process approach, an algorithm for forming a digital model of an effective management accounting process is constructed. On the basis of the proposed algorithm, a digital model of the process of management accounting and control of the movement of inventories has been developed. The model assumes monitoring of management and supporting processes, and also contains a mechanism for continuous monitoring of compliance with the goals of the enterprise and the absence of bottlenecks. The increase in the efficiency of management accounting and control of the movement of stocks and management of the enterprise as a whole, provided by digitalization and the use of a process approach, is emphasized.

A Stochastic Process Approach to Model Distributed Computing on Complex Networks

2014 ◽  
Vol 13 (2) ◽  
pp. 215-232 ◽  
Author(s):  
Francisco Prieto-Castrillo ◽  
Antonio Astillero ◽  
María Botón-Fernández
Keyword(s):  
Stochastic Process ◽  
Distributed Computing ◽  
Complex Networks ◽  
Process Approach
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