Assessment of the Bank's Electronic Money Using the Method  of Hierarchies Analysis

Samorodov, Borys; Melnychenko, Oleksandr; Koshcheeva, N. S.

doi:10.18371/fcaptp.v2i17.37323

Cited by 3 publications

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“…In addition to time, payment also consumes energy, the cost of which should be determined for the proper cost management of companies. The importance of this issue is emphasised by the fact that 97% of social costs for servicing payments [14,15] are borne by trade facilities and banks [16][17][18]. Some of these costs are associated with the provision of energy to the payment infrastructure and the creation and maintenance of the means of payment.…”

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confidence: 99%

Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments

Melnychenko

2021

Energies

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One of the strategic objectives of the European Union is a reduction in greenhouse gas emissions and improvement of energy efficiency by at least 32.5% in different areas of the economy by 2030. However, little is known about the impact of payment in retail on energy consumption. The purpose of this paper is to assess the chain of losses of time and energy, and therefore financial losses, that occur due to the imperfection of payment infrastructure and instruments using data of cashiers’ working time. The research is based on a regression analysis method, where the energy cost per payment transaction is considered in this study as a function of the number of customers per hour and the energy cost. The results of the panel models highlight that the number of customers per hour has a negative impact on the cost of energy per payment transaction. Furthermore, modern means and methods of payment, including cryptocurrencies, do not solve the problem of the excessive time that it takes to service payments, which entails a waste of energy and money. The empirical results give valuable insights into how to best organise payment in retail to achieve lower energy costs and improve energy efficiency in payment infrastructure.

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Section: Introductionmentioning

confidence: 99%

Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments

Melnychenko

2021

Energies

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Application of Saaty Method While Choosing Thesaurus View Model of the “Smart city” Subject Domain for the Improvement of Information Retrieval Efficiency

Kunanets

Matsiuk

2018

2018 IEEE 13th International Scientific and Technical Conference on Computer Sciences and Information Technologies (CSIT)

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The Energy of Finance in Refining of Medical Surge Capacity

Melnychenko

2021

Energies

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The availability of resources and their concentration in the place of greatest need, will not allow us to successfully overcome a medical surge without the energy required to activate these resources and activities, and increase their quantities if necessary, that is why the staff and management of healthcare institutions are forced to making ethical crisis decisions about who wins and who loses. This study highlights the versatility of the concept of ‘energy’ by attributing it to money or financial resources, which are highly essential in dealing with surges as the healthcare system adopts the appropriate capacity level. This study considers the means (space, staff, supplies, and specific resources) at the disposal of healthcare institutions for the control of diseases as economic resources to identify ways for enhancing their capacity, especially during periods of medical surges such as that caused by the coronavirus disease (COVID-19). The medical resources are dependent on ‘energy’, albeit not in the strictest sense of the term. The article, thus, points out that while limited resources are the norm in economic theory, a medical surge provides an opportunity to sufficiently extend the resources within the health system capacity through increased funding.

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Assessment of the Bank's Electronic Money Using the Method of Hierarchies Analysis

Cited by 3 publications

References 0 publications

Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments

Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments

Application of Saaty Method While Choosing Thesaurus View Model of the “Smart city” Subject Domain for the Improvement of Information Retrieval Efficiency

The Energy of Finance in Refining of Medical Surge Capacity

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