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1.
Energies ; 16(10), 2023.
Article in English | Web of Science | ID: covidwho-20243338

ABSTRACT

The use of machine learning and data-driven methods for predictive analysis of power systems offers the potential to accurately predict and manage the behavior of these systems by utilizing large volumes of data generated from various sources. These methods have gained significant attention in recent years due to their ability to handle large amounts of data and to make accurate predictions. The importance of these methods gained particular momentum with the recent transformation that the traditional power system underwent as they are morphing into the smart power grids of the future. The transition towards the smart grids that embed the high-renewables electricity systems is challenging, as the generation of electricity from renewable sources is intermittent and fluctuates with weather conditions. This transition is facilitated by the Internet of Energy (IoE) that refers to the integration of advanced digital technologies such as the Internet of Things (IoT), blockchain, and artificial intelligence (AI) into the electricity systems. It has been further enhanced by the digitalization caused by the COVID-19 pandemic that also affected the energy and power sector. Our review paper explores the prospects and challenges of using machine learning and data-driven methods in power systems and provides an overview of the ways in which the predictive analysis for constructing these systems can be applied in order to make them more efficient. The paper begins with the description of the power system and the role of the predictive analysis in power system operations. Next, the paper discusses the use of machine learning and data-driven methods for predictive analysis in power systems, including their benefits and limitations. In addition, the paper reviews the existing literature on this topic and highlights the various methods that have been used for predictive analysis of power systems. Furthermore, it identifies the challenges and opportunities associated with using these methods in power systems. The challenges of using these methods, such as data quality and availability, are also discussed. Finally, the review concludes with a discussion of recommendations for further research on the application of machine learning and data-driven methods for the predictive analysis in the future smart grid-driven power systems powered by the IoE.

2.
Terra Economicus ; 21(1):80-93, 2023.
Article in English, Russian | Scopus | ID: covidwho-2298125

ABSTRACT

This paper focuses on the factors that determine the institutional and economic sustainability of the postpandemic small and medium enterprises (SMEs). In addition, it assesses the role of the information and communication technologies (ICTs) and digitalization in the creation and maintaining of sustainable SMEs during and after the COVID-19 crisis of 2020–2021. Our research is based on the unique sample of surveys collected in 200 Russian SMEs from seven different regions of the country between June and October 2022 and on the empirical model that employed this data. Our results allowed us to distinguish the nature of the impact of an external environment on the socio-economic stability of SMEs and to identify the institutional and economic factors that can hinder or contribute to their sustainable development in the post-pandemic period. These results can be used to build strategies for sustainable development at the regional level both in Russia and other countries. Our findings can be useful to managers and owners of small and mediumsized businesses in the process of integrating the goals of organizational and regional development, as well as for ensuring the networking of government, social organizations, and business at the regional level in the post-COVID era. © Е. Корнеева, В. Стриелковски, 2023

3.
Sustainability (Switzerland) ; 15(4), 2023.
Article in English | Scopus | ID: covidwho-2265175

ABSTRACT

This paper focuses on social and economic stability, as well as sustainable development, in the post-COVID era in light of the recent theoretical approaches and leadership practices. As governments worldwide resorted to repeated national- and regional-specific impositions of social and economic isolation in an (often failed) attempt to contain the spread of the coronavirus, their economies have been plunged into recessions, which have been deeper than those associated with the global financial crisis in the past. Successful business and economic leaders need to be aware of the dominant trends unfolding as the COVID-19 pandemic is gradually coming to its end and the New Globalization (a new era of international economy and international relations after COVID-19) is materializing. With global living, international travel, and trade interconnected, businesses need to plan for handling the future outbreaks and their economic, as well as social, consequences. The aim of this paper is to draw the lessons for business and economic leaders in the post-COVID era with a focus on the new trends and challenges for the sustainable development and the Sustainable Development Goals (SDGs). The paper also presents an empirical model that assesses the novel ways of doing business and innovating using the sustainable economic practices after the COVID-19 pandemic. The model employs our own data collected from 450 managers and owners of small and medium enterprises (SMEs) in the Czech Republic and Russia. Our results show that innovation and digitalization (e.g., smart metering or the Internet of Things (IoT)) are becoming the main drivers of the sustainable economic transformation of small and medium enterprises in the post-pandemic period. These results might be useful for both academic researchers and business practitioners searching for new pathways for innovating their sustainable business practices and recreating their customer base in the post-COVID era. © 2023 by the authors.

4.
Economies ; 11(3), 2023.
Article in English | Scopus | ID: covidwho-2259616

ABSTRACT

Our paper focuses on the transformation of the concept of sustainable business leadership (especially regarding the Sustainable Development Goals (SDGs)) and corporate social responsibility (CSR) in the post-COVID-19 era. The COVID-19 pandemic is without question posing a generation-defining challenge for public health and the global economy. Moreover, the pandemic has revived some old and introduced many new threats that today's business leaders will have to face in the years to come. Despite the fact that the COVID-19 crisis was a humanitarian tragedy that continues to ravage millions of lives, it can also be viewed as an excellent opportunity to restart sustainable economic development as well as to help our business and economy to shift towards real business corporate social responsibility and ethical decision-making (thanks to the reduction in carbon emissions as a result of reduced economic activity and travel, increasing investments into healthcare and education, or finding the new ways for working and learning, such as remote work and online education). Our paper examines the effect of small entrepreneurs' perceptions of CSR on their daily business under the conditions of the COVID-19 pandemic. The paper features an empirical model that assesses the implementation of CSR practices and principles (social responsibility, environmental sustainability, or ecological governance) after the COVID-19 pandemic. The model investigates whether the factors internal to the company might influence the enhancement of the CSR principles. The model is based on our own data obtained from the 450 online questionnaire surveys conducted with managers of small and medium enterprises (SMEs) in the Czech Republic and the Russian Federation. The two countries in question have been selected due to their similarities and, at the same time, differences regarding their geopolitical orientation, pathways of economic transformation, and attitudes to sustainable development policies and embracing SDGs. Our results demonstrate that the business type, as well as the ownership structure, positively impacts the introduction of CSR and sustainable development principles in SMEs in question, while the company's age has a negative impact. Our results might be of special importance for the stakeholders and business owners wishing to enhance CSR practices and promote sustainable economic development in their enterprises in the post-COVID era. © 2023 by the authors.

5.
Integration of Education ; 26(3):402-417, 2022.
Article in English | Scopus | ID: covidwho-2204141

ABSTRACT

Introduction. The research paper's aim is to study the ongoing digitalization in all spheres of economy, which inevitably impacted on the strategic university management. It explains how universities and higher educational institutions strategically positioned themselves and searched for the novel pathways for innovation and development, which was further reinforced by the COVID-19 pandemic and the digital surge it brought. Materials and Methods. The authors analyzed the strategic university management in the context of digitalization using the literature review and their own analysis. They focus on the experience of the world's best universities for inspiring the institutions of higher education in other countries and regions, helping them to improve information and communication technologies and digital skills. Results. Our results corroborate the ongoing digitalization in all spheres of economy and social life which was pushed further by the COVID-19 pandemic contributed to the transformation of the higher educational institutions challenging them to embark upon the path of in-depth transition, restructuring, and re-thinking their role and their mission with regard to the new challenges and novel technologies that are available on the market. Discussion and Conclusion. The outcomes present interesting possibilities for their application in practice for some countries, most notably Russia. They can be of a special interest not only for the government officials responsible for fostering higher education and devising guidelines for the strategic management of universities and higher educational institutions, but also for the academic environment with its researchers and lecturers who seek to innovate based on the most recent and advanced trends in higher education (e.g. ministries and national authorities responsible for science, research, and education in different countries, such as the Ministry of Science and Higher Education, Ministry of National Education, Ministry for Research, as well as National Educational Authority or the World Bank, just to name a few). © Strielkowski W., Korneeva E. N., Sherstobitova A. A., Platitzyn A. Yu., 2022.

6.
Intellectual Economics ; 16(1):134-150, 2022.
Article in English | Scopus | ID: covidwho-2025652

ABSTRACT

Aim: Our research concentrates on the sustainable development and digital transformation of educational systems. This topic has gained the special attention of researchers and policymakers in recent years due to the wide spread of information and communication technologies (ICT) and the digital surge that can be observed all around the world. This digital surge, which can also be called a digital revolution, was further deepened by the COVID-19 pandemic, which resulted in the massive closure of schools and universities and the deployment of online and home learning. Methods: We use data obtained from researchers and lecturers at universities and higher education institutions in the Czech Republic and Russia between September 2020 and March 2021 to perform ordinal regression analysis. This allows us to test the relationships between effectiveness as a key factor of creativity on one side and motivation to look for new ways of teaching and research during and after the COVID-19 pandemic on the other. Results: Overall, it appears that there are still many obstacles to the digital transformation of educational systems that might be embedded in the structure and the scope of today's educational institutions. We demonstrate that, at present, universities and higher educational institutions are undergoing ràdical change driven by the need to digitize education and training processes in record time, and that many academics lack the innate technical skills for online education. Nevertheless, it appears that young and motivated academics and researchers are keen on embracing new technologies and support the digital transformation of educational systems. Conclusions: Our results might be useful for decision-makers and stakeholders in universities and higher education institutions for designing their strategies for the digitalization of educational systems. © 2022 Mykolo Romerio Universitetas. All rights reserved.

7.
Sustainability (Switzerland) ; 14(12), 2022.
Article in English | Scopus | ID: covidwho-1934203

ABSTRACT

Nowadays, the concept of smart sustainable governance is wrapped around basic principles such as: (i) transparency, (ii) accountability, (iii) stakeholders’ involvement, and iv) citizens’ participation. It is through these principles that are influenced by information and communication technologies (ICT), Internet of Things (IoT), and artificial intelligence, that the practices employed by citizens and their interaction with electronic government (e-government) are diversified. Previously, the misleading concepts of the smart city implied only the objective of the local level or public officials to utilize technology. However, the recent European experience and research studies have led to a more comprehensive notion that refers to the search for intelligent solutions which allow modern sustainable cities to enhance the quality of services provided to citizens and to improve the management of urban mobility. The smart city is based on the usage of connected sensors, data management, and analytics platforms to improve the quality and functioning of built-environment systems. The aim of this paper is to understand the effects of the pandemic on smart cities and to accentuate major exercises that can be learned for post-COVID sustainable urban management and patterns. The lessons and implications outlined in this paper can be used to enforce social distancing community measures in an effective and timely way, and to optimize the use of resources in smart and sustainable cities in critical situations. The paper offers a conceptual overview and serves as a stepping-stone to extensive research and the deployment of sustainable smart city platforms and intelligent transportation systems (a sub-area of smart city applications) after the COVID-19 pandemic using a case study from Russia. Overall, our results demonstrate that the COVID-19 crisis encompasses an excellent opportunity for urban planners and policy makers to take transformative actions towards creating cities that are more intelligent and sustainable. © 2022 by the authors. Licensee MDPI, Basel, Switzerland.

8.
4th International Scientific Conference on Competitiveness and the Development of Socio-Economic Systems dedicated to the Memory of Alexander Tatarkin (CDSES) ; 105:380-386, 2020.
Article in English | Web of Science | ID: covidwho-1780324

ABSTRACT

The current economic crisis and the pandemic caused by COVID-19 have shown the need for active social media use in economic processes and regulation. The formation of an economic development strategy based on social media use should be based on an analysis of their development stages. The purpose of the study is to analyze the development of social media and highlight the stages of their social history. The theoretical analysis of the use of social media presented in work made it possible to identify the following stages of their development: 1) social, in which social media are considered as a communication tool;2) political - social media act as a means of shaping public opinion;3) economic social media are becoming a business tool, are actively being introduced into the business models of firms;4) regulatory - social media act as an object of regulation and as a tool for regulating social processes. Thus, we can state the formation of one of the digital economy institutions - social media. The results obtained confirm the need for an interdisciplinary study of social media as a public institution. The most critical areas of research are the development of new social media measures and the formation of regulatory policy in social media. (C) 2021 Published by European Publisher.

9.
6th International Scientific Conference on Territorial Inequality - A Problem or Development Driver (REC) ; 301, 2021.
Article in English | Web of Science | ID: covidwho-1747162

ABSTRACT

Our paper examines the relationship and differences between internationalization and globalization in contemporary development of higher education. Internationalization and globalisation are perceived as central realities of the influence of the 21st century on higher education. Moreover, internationalisation and globalisation work together to transform the self-image and organisational activities of research universities and adult education centres. Some even go as far as to claim that the globalization process has produced a new grand model of global universities. We argue that globalization and internationalization of higher education help to bring talents, increase the balanced economic and scientific potential of a given country and shape up the human capital leading to the sustainable economic growth. However, the recent situation with the COVID-19 pandemic puts all these favourable outcomes under threat. More than 1.1 million international students were enrolled in United States colleges in the 2019-2020 school year. After decades of steady growth, that means a decline of nearly 20 000 international students per year. Our study examines against this background the differences between internationalization and globalization in the contemporary development of higher education. We discus the current and future developments of the globalization and internationalization of higher education and make predictions on their impacts on the universities in the United States and other countries.

10.
Terra Economicus ; 19(4):141-159, 2021.
Article in English | Web of Science | ID: covidwho-1667852

ABSTRACT

The term "sustainable tourism" has been in the core of the tourism industry since the last decades of the 20th century due to the globalization and digitalization of the world economy that have also led to many institutional changes. Sustainable development is now a part of tourism strategies and visions, especially when it comes to the possible links between tourism and its impact on sustainable development. In addition, the ubiquitous digitalization has also made a significant impact on both. In this paper, we analyze the role of the sustainable tourism in the digital age using the example of the Burning Man festival, an annual event held in Nevada desert each year around Labour Day weekend with nearly sixty thousand people gathering to build a temporary city full of art, music, and interactivity. Our study is based on a unique own survey questionnaire administered at Burning Man festival in 2017. We use the travel cost method for computing the non-market valuation of demand from visiting Burning Man and show how digitalization helped the event to survive amidst the COVID-19 pandemic. In addition, this paper outlines the impact that the relationship between tourism, digitalization, and sustainable development can have on the economic growth and the institutional change. We argue that sustainable tourism can meet the needs of the current tourism industry (both domestic and international), while protecting the environment, promoting future opportunities, as well as taking into account the long-term impact of tourism on local communities and the local and international economy.

11.
Transformations in Business & Economics ; 20(3):21-43, 2021.
Article in English | Web of Science | ID: covidwho-1567769

ABSTRACT

Our paper focuses on digitalisation and sustainable higher education using the analysis of the institutions of professional academic dynasties and assessing their constructive and destructive potential for the sustainable development of universities and higher education institutions (HEI). In this paper, the development and functioning of professional dynasties are viewed from both sides constructively and destructively in relation to the processes and organisational mechanisms in the academic sphere. We find that destructive tendencies are often associated with nepotism and clannishness which makes it possible to restrict access to resources and career growth, as well as to extract institutional rent associated with the administrative weight. Furthermore, it also appears that constructive trends in the development of academic dynasties are associated with the concepts of continuity, reputation, and increase in research and scientific output that can be measured using advanced information and communication tools. Moreover, the paper also contemplates the impact of recent innovations and changes in academia and HEI brought about by the COVID-19 pandemic. We assess those changes and their potential for the further digitalisation of higher education that would lead to conserving energy, promoting a sustainable way of living and environmental education. Our results confirm that the digitalisation of higher education would lead to its sustainable development and optimal energy usage. Further decisive steps need to be made by the policy-makers and stakeholders in higher education for continuing the current trends and taking them to another level. Shaping up views and opinions on the sustainable future can and should be effectively delivered through educational processes.

12.
Energies ; 14(4):17, 2021.
Article in Czech | Web of Science | ID: covidwho-1143471

ABSTRACT

This research tackles effective and functional management practices in energy consumption using advanced technological solutions to mitigate unexpected events. This study specifically focuses on the recent COVID-19 pandemic that led to a reduction in energy consumption and therefore meddled with the project management's status quo for the energy sources. Moreover, this research analyzes the role of information and communication technology (ICT) solutions in energy management before and after the recent coronavirus pandemic turmoil. This study also examined the role and place of sustainable energy resources in the effective management of energy consumption during the COVID-19 pandemic. The main purpose of this research is to demonstrate how the recent coronavirus pandemic affected energy consumption and energy prices in many countries and how it paved the way for the new ICT in managing energy consumption. This study elaborated a model to show how these changes evolved in selected European Union (EU) Member States. It turns out that adjusted electricity consumption, as well as the average daily spot electricity prices for the baseload power in the EU countries, declined, and this trend is likely to continue in the next years to come. Due to the COVID-19 pandemic, substantial changes in the economy led to reduced office space usage, cutting commuting and business trips, and bringing commercial travel almost to a halt, further shifting the energy balance towards renewable energy sources (RES). Besides, it becomes apparent that ICT solutions used in maintaining and superintending the energy balance are gaining popularity and wide recognition worldwide and will help pave the way towards modern and smart high-renewables grids.

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