PROGRAM OVERVIEW

14th International Conference on
Operational Research
PROGRAM OVERVIEW
26 – 28 September, 2012.
Trogir, Croatia
www.hdoi.hr/koi2012
Wednesday, 26th September 2012 (1st day) 26th September
27th September
28th September
Wednesday Thursday Friday 08:00‐13:00 Participants registration Participants registration Participants registration 09:00‐10:00 Official opening Plenary lecture III Plenary lecture V 10:00‐11:00 Plenary lecture I Plenary lecture IV Coffee break Coffee break Schedule 11:00‐11:30 Three parallel sessions
(10:00‐11:30) Coffee break 11:30‐13:30 Three parallel sessions
13:30‐15:00 Lunch break 15:00‐16:00 Plenary lecture II 16:00‐16:30 16:30‐18:30 18:30‐21:00 Three parallel sessions Lunch break Three parallel Sessions (12:00‐13:30) Conference closing (13:30‐14:00) Lunch break (14:00‐15:30) Excursion with dinner
 main sights of the UNESCO World Coffee break Heritage Center (1 hour) CRORS Annual Meeting
Three parallel sessions  countryside by (15:30‐16:30) boat (2 hours)  traditional meal Wine degustation and in hotel Pasike free time 2
08:00 – 13:00 Participant registration 09:00 – 10:00 Official opening – City Hall Trogir 10:00 ‐11:00 Plenary lecture I – Room 1 Jan‐J. Rückmann: MAX‐TYPE OBJECTIVE FUNCTIONS – A SMOOTHING PROCEDURE AND STRONGLY STABLE STATIONARY POINTS Chair ‐ Luka Neralić 11:00 – 11:30 Coffee break 11:30 – 13:30 Three parallel sessions: A, B and C Session A: Mathematical Programming – Room 1 Chair – Tunjo Perić A‐1. Infeasible Full‐Newton‐Step Interior‐Point Method for Linear Complementarity Problems Goran Lešaja A‐2. Usage of Interval Cause‐effect Relationships in the Quantitative Model of Strategic Performance Dmitrey M. Yershov Ekaterina A. Babenko Stanislav V. Skorodumov A‐3. Mathematical Model for Uniform Distribution of the Number of Voters per Constituency Tomislav Marošević Kristian Sabo Petar Taler A‐4. On the ls ‐ norm Generalization of the NLS Method for the Bass Model Dragan Jukić A‐5. The Ray‐Method: Theoretical Background and Computational Erik Bajalinov Anett Rácz Results Session B: Banking, Finance and Insurance ‐ Room 2 Chair – Zdravka Aljinović 3
B‐1. Voluntary Disclosure of Cash Flows Information and Company's Characteristics: Evidence from the Croatian Capital Market Željana Aljinović Barać B‐2. Testing CAPM Model on the Emerging Markets of the Central and Southeastern Europe Josipa Džaja Zdravka Aljinović B‐3. A Comparison of Basic and Extended Markowitz Model on Croatian Capital Market Bruna Škarica Zrinka Lukač B‐4. Quality Index Creating and Analysis of the Transparency of Audit Firms ‐ Case Study in Croatia Snježana Pivac Marko Čular B‐5. Conditional Conservatism and the Cost of Debt: Evidence From Central and Eastern Europe Slavko Šodan Session C: Statistics and Econometrics ‐ Room 3 Chair – Ante Rozga C‐1. Threshold Parameter Estimation of the Expected Losses Josip Arnerić Ivana Lolić Juran Galetić C‐2. The Linkage Between Housing Prices and Selected Macroeconomic Variables: VAR Approach Ksenija Dumičić Anita Čeh Časni Petra Šprajaček C‐3. Using Multiple Group Structural Model for Testing Differences in Absorptive and Innovative Capabilities between Large and Medium Sized Firms
Anita Talaja C‐4. A Multivariate Analysis of Croatian Counties Entrepreneurship Elza Jurun Nada Ratković C‐5. Correction of Chain‐Linking Method by Means of Lloyd‐
Moulton‐Fisher‐Törnqvist index on Croatian GDP data Ante Rozga Elza Jurun Ivan Šutalo 13:30 – 15:00 Lunch break 15:00 – 16:00 Plenary lecture II – Room 1 Samo Drobne: EVALUATING FUNCTIONAL REGIONS Chair – Tihomir Hunjak 4
16:00 – 16:30 Coffee break 16:30‐18:30 Three parallel sessions: A, B and C Session A: OR Theory and Applications – Room 1 Chair: Rudolf Scitovski A‐1. Metaheuristics for Optimizing Safety Stock in Multi Stage Inventory System Gordan Badurina Kristina Šorić Zoran Babić A‐2. Experiments with an Adaptive Memory Projection Metaheuristic for the Set Covering Problem Peter Greistorfer Fred Glover A‐3. A Meta‐heuristic approach for Minimizing the Maximum Link Distance for the Core Node Location Problem (CNLP) Jadranka Skorin‐Kapov Darko Skorin‐Kapov Hrvoje Podnar A‐4. Modern Aspects of Optimal Control in Robotics Lado Lenart Jan Babič A‐5. Controlling and Business Efficiency Tina Vuko Ivica Ojvan Session B: Banking, Finance and Insurances ‐ Room 2 Chair: Željana Aljinović Barać B‐1. DEA‐Based Investment Strategy and its Application in the Croatian Stock Market Margareta Gardijan Vedran Kojić B‐2. Interest Rate Swap as a Financial Hedging Tool with Bank Accounting Schemes Pave Jurun B‐3. The Relative Importance of Financial Ratios and Nonfinancial Variables in Predicting of Insolvency Ivica Pervan Tamara Kuvek B‐4. Application of multicriteria decision making through financial, Ivana Tadić human resources and business process aspect in verification Branka Marasović of companies success 5
B‐5. The Influence of Activities of HBOR to Development of the Small Enterprises and Export Increasement in Croatia Snježana Pivac Ljiljana Vidučić Marijana Babić Session C: Macroeconomics and Finance – Room 3 Chair: Zrinka Lukač C‐1. Evaluation of the FDI Attractiveness of the European Countries using PROMETHEE Method Lorena Škuflić Petra Rkman Sandra Šokčević C‐2. The Evolution of the Place Attachment: An Economic Approach Edgar J. Sánchez Carrera Slađana Pavlinović
C‐3. Usefulness of Bootstrapping in Portfolio Management Boris Radovanov Aleksandra Marcikić C‐4. Best Fit Model for Yield Curve Estimation Zdravka Aljinović Tea Poklepović Kristina Katalinić C‐5. The Partial Compensation of a Change in Instalments of the Loan With Currency Clause by Changing the Repayment Period Drago Francisković 18:30 – 21:00 Wine degustation and free time Thursday, 27th September 2012 (2nd day) 08:00 – 13:00 Participant registration 09:00 – 10:00 Plenary lecture III – Room 1 Ozren Despić: GEOMETRIC DEA MODELS AND THEIR PROPERTIES Chair – Goran Lešaja 10:00 ‐11:00 Plenary lecture IV – Room 1 El‐Ghazali Talbi: TOWARDS A UNIFIED VIEW OF METAHEURISTICS Chair – Kristina Šorić 11:00 – 11:30 Coffee break 6
11:30 – 13:30 Three parallel sessions: A, B and C Session A: OR Theory and Application – Room 1 Chair ‐ Lidija Zadnik Stirn A‐1. The Multiple Criteria Assessment of Social Responsibility in Organizations Vesna Čančer Simona Šarotar Žižek A‐2. Application of Multicriteria Methods to Planning of Investment Projects in the Field of Civil Engineering Nikša Jajac Ivana Bilić Marko Mladineo A‐3. AHP Support to the Estimation of the Information System Relevance to the Business Performance, Particularly the Hospitality Performance Daniela Garbin Praničević Velimir Srića A‐4. Selection of Business Plan Software Using AHP Method Mira Krneta Marko Hell Petar Krneta A‐5. Some Extensions in Group AHP Regarding its Application to Management of Natural Resources Lidija Zadnik Stirn Petra Grošelj Session B: OR Theory and Application ‐ Room 2 Chair – Dragan Jukić B‐1. On Time Complexity of Non‐Commutative Polynomial Optimization Igor Klep Janez Povh Angelika Wiegele B‐2. How to Predict Cargo Handling Times in Sea Port Affected by Weather Conditions Tatjana Stanivuk Tonći Tokić B‐3. Assessing the Factors for Creativity Majda Bastič Gabrijela Leskovar Špacapan B‐4. An Interactive Procedure for Aggregate Production Planning Maciej Nowak B‐5. Evaluation of Training Programmes in Slovenia with Propensity Score Matching Alenka Kavkler Robert Volčjak 7
B‐6. Influence of Socioeconomic and Demographic Environment on Private Health Care Providers Lana Kordić Session C: Statistics and Econometrics ‐ Room 3 Chair – Marijana Zekić Sušac C‐1. Logistic Analysis of the Impact of Contributing Factors on the Success of Students of Higher Education in Quantitative Courses Vlasta Bahovec Nataša Erjavec Mirjana Čižmešija C‐2. Business Survey Liquidity Measure as a Leading Indicator of Croatian Industrial Production Mirjana Čižmešija Nataša Kurnoga Živadinović
C‐3. Forecasting Demand for Emergency Medical Services Aleksandra Marčikić Boris Radovanov C‐4. Functional Correlation of FP and DC Methods Marin Kaluža Mirjana Rakamarić – Šegić Mile Pavlić C‐5. Combining PCA Analysis and Neural Networks in Modelling Entrepreneurial Intentions of Students Marijana Zekić Sušac Nataša Šarlija Sanja Pfeifer 13:30 – 15:00 Lunch break 15:00 – 21:00 Excursion with dinner Friday, 28th September 2012 (3rd day) 08:00 – 13:00 09:00 – 10:00 Participant registration Plenary lecture V – Room 1 Darko Skorin‐Kapov: SOME NOTES ON COST ALLOCATION IN MULTICASTING Chair – Majda Bastič 8
10:00 – 11:30 Three parallel sessions: A, B and C Session A: OR Theory and Application – Room 1 Chair – Čančer Vesna A‐1. Modelling of Online Group Discounts Karlo Kotarac Zrinka Lukač A‐2. Applicaction of the Extended MRP Theory to a Baby Food Company Danijel Kovačić Eloy Hontoria Marija Bogataj Lorenzo Ros A‐3. Short Term and Long Term Water Level Forecasting at One River Measurement Location Rudolf Scitovski Siniša Maričić Sanja Scitovski A‐4. Added Value in Alignment of Equipment Characteristics and Organizational Goals Irena Peharda Tihomir Hunjak Session B: Banking, Finance and Insurance ‐ Room 2 Chair – Tatjana Stanivuk B‐1. The Persistence of Insurers Profitability Maja Pervan Josip Arnerić Marijana Ćurak B‐2. Performance of the Croatian Insurance Companies ‐
Multicriterial Approach Davorka Davosir Pongrac Višnja Vojvodić Rosenzweig
Hrvoje Volarević B‐3. Discriminant Analysis of Bank Profitability Levels Ante Rozga Ana Kundid B‐4. Market Timing Ability of Mutual Funds with Tests Applied on Several Croatian Funds Tihana Škrinjarić Session C: Information, Stohastic Models and Simulation ‐ Room 3 Chair – Janez Žerovnik C‐1. Ranking of Enterprises Competences Inside Regional Production Network Marko Mladineo Ivica Veža 9
C‐2. On the Distribution of the Net Present Value of a Stochastic Cash Flow Generated by a Compound Renewal Process Robert W. Grubbström C‐3. Asset‐ Liability Management with Transaction Costs: A Multistage Stochastic Model Mehmet Can C‐4. On Vulnerability Measures Of Networks Janez Žerovnik 11:30 – 12:00 Cofee break 12:00 – 13:30 Three parallel sessions: A, B and C Session A: OR Theory and Applications – Room 1 Chair: Jadranka Skorin‐Kapov A‐1. Financial Structure Optimization by Using an Adapted Goal Programming Method Tunjo Perić Zoran Babić A‐2. Influence of Firm Size on its Business Success Maja Pervan Josipa Višić A‐3. Assessment of Regional Efficiency in Croatia Using Data Envelopment Analysis Danijela Rabar A‐4. The Use Methods of Operations Research in Optimization of Highway Maintenance Mirjana Rakamarić‐Šegić Antonia Perković Alemka Šegota Session B: Macroeconomics ‐ Room 2 Chair: Vladimir Šimić B‐1. Monetary Shocks and Real Exchange Rate Fluctuations in CEE Countries Nataša Erjavec Boris Cota Saša Jakšić B‐2. Pre‐Elecional Decrease of the Unemployment Rate Damjan Miličević Nada Pleli 10
B‐3. Stackelberg Equilibrium of the Client and the Producer of Embedded Software Ilko Vrankić Mirjana Pejić Bach Mira Krpan B‐4. Debts (Public and External) and Growth – Link or No Link? Vladimir Šimić Vinko Muštra Session C: OR Applications ‐ Room 3 Chair: Nikša Jajac C‐1. The Correlation of Relationship with Individual Stakeholders of Lifelong Learning Institutions – The Case of Croatia Zoran Mihanović Mario Pepur Ivona Šustić C‐2. The Analysis of Predictability of Share Price Changes Using the Momentum Model Tatjana Stanivuk Alan Škarica Tonći Tokić C‐3. Canonic Correlation Analysis of the Influence of Psychological Contract on the Relationship Quality Between Businesses In Financial Services Market Mario Pepur Zoran Mihanović Sandra Pepur C‐4. Decision Support Concept to Management of Construction Projects ‐ Problem of Construction Site Selection Nikša Jajac Ivana Bilić Ante Ajduk 13:30 – 14:00 Conference closing 14:00‐15:30 Lunch break 15:30‐16:30 CRORS Annual Meeting IMPORTANT NOTICES  Authors have 15 minutes to present their paper and 5 minutes for discussion, while plenary speakers have 45 minutes to present their paper and 15 minutes for discussion.  Registration desk will be on the ground floor of the City Hall of Trogir, Trg Ivana Pavla II 1, each day of the conference from 08:00 to 13:00.  The rooms for sessions are City Hall of Trogir (Room 1), City salon (Room 2) Trg Ivana Pavla II 1 and Religous education Hall (Room 3) Trg Ivana Pavla II 6. Every room is equipped with a personal computer and a projector to support presentations using Power Point, Word and PDF files.  At registration desk CRORS members can also pay annual membership fee of 100 kunas in cash for year 2012 (for those who have not yet paid).  All participants will receive a certificate of participation at the KOI – 2012. 11