FBIM Transactions
Editor
Zoran Čekerevac








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In the next issues


In the next issues of FBIM Transactions, among others, we will publish:
(To read the abstract of the paper, please, click the title of the article)

  1. Zoran Cekerevac, Zdenek Dvorak, Ludmila Prigoda, and Petar Cekerevac
    MAN-IN-THE-MIDDLE ATTACKS AND INTERNET OF THINGS

    To read the article before publishing click here

  2. Zlatan Lukic
    THE POWER AND THE ROLE OF ECONOMIC DIPLOMACY IN THE ERA OF GLOBALIZATION

    To read the article before publishing click here

  3. Nenad Dugalic and Milan Novovic
    MECHANISMS OF TRANSNATIONAL CORPORATIONS GOVERNMENTS IN THE CONDITIONS OF GLOBAL ECONOMY

    To read the article before publishing click here

  4. Kristijan Ristic, Milanka Bogavac and Branko Petricevic
    ENVIRONMENTAL CHALLENGES OF ECONOMIC DEVELOPMENT

    To read the article before publishing click here

  5. Jelena Maletic
    SIMULATIONS IN MATERIAL FLOWS PLANNING IN WAREHOUSES

    To read the article before publishing click here

  6. Boris Bursac and Stanislav Glumac
    AGRARIAN REFORM IN RUSSIA IN THE NINETEENTH CENTURY AND ITS IMPACT ON THE RUSSIAN ECONOMY

    To read the article before publishing click here

  7. Nevenka Nicin, Milija Bogavac and Anka Bulatovic
    GLOBALIZATION CHANGES AND PROCESSES

    To read the article before publishing click here




MAN-IN-THE-MIDDLE ATTACKS AND INTERNET OF THINGS

Zoran Cekerevac
Zdenek Dvorak
Ludmila Prigoda
Petar Cekerevac

Accepted for publishing: 18.02.2017

Abstract
A rapid development of computers and computer software are some of the causes of the security vulnerabilities that allow attackers to successfully carry out attacks on information systems of their users. The massive spread of the Internet of Things will make a greater difference between the current understanding of the Internet, which is reflected in the "dot-com", "social networks" and web of "experience", and the new Internet that will enable new and revolutionary applications with the potential to significantly improve the quality of life. Given that different devices have come with embedded computer components and connectivity to the Internet, and the possibilities of mutual communication, it is realistic they will be exposed to some variants of attacks that have been seen in practice so far. This paper analyzes some aspects of the "man in the middle" attacks related to the Internet of things. After a short introductory presentation on the Internet of things and "man-in-the-middle" attack, the paper presents the technology of this attack, as well as the benefits that an attacker could have from a successful attack. Also, here are shown some known examples of successful attacks, the economic consequences of such attacks, as well as some of the ways of protection against these and similar attacks. The conclusion shows the summary of the whole analysis together with the assumptions on the future development of the Internet of things and the possible attacks on the connected devices.

Keywords:
Internet of things, man-in-the-middle, IT, Internet, eavesdropping, ARP poisoning, DNS spoofing, SSL hijacking

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THE POWER AND THE ROLE OF ECONOMIC DIPLOMACY IN THE ERA OF GLOBALIZATION

Zlatan Lukic
Accepted for publishing: 08.04.2017

Abstract
Diplomatic economic engagement, in fact, economic diplomacy, became the most important activity for diplomacies of national countries, the international organizations, and integrations. It could be said that economic diplomacy became a basic tool for a breakthrough to the world market. In today's world where international and economic relations are a system of political and economic power relations, it is gradually forming a system that increasingly integrates businesses. The economies are becoming less national and increasingly global, thus turning into a transnational system of production, which is based on the international division of labor. The economic globalization is seen as the force which most threatens the authority of the nation state and reduces its power. The national monetary policy is losing autonomy because it cannot be turned internally towards domestic realistic inventory, but it must be turned externally towards international flows of capital and it has to join into international macroeconomic coordination. The European Union is a good example that the monetary policy is completely taken away from the national states. There is the established the European supranational sovereignty of economy and monetary affairs. By observing the globalization, the international relations respectively, which are changed since the Cold War domination, countries do not have power anymore. The globalization is not taking away the national state from its roots, but it is taking away the power of the authorities. Therefore, the states act as an initiator of the globalization and by doing this they are reducing their power and becoming responsible to outside economic members. Respectively, no matter of this evident trend in international political and economic relations the role of countries and diplomacies, as the instrument of promoting and protecting the interest of countries stays very important, especially the one in the area of the economic relations, respectively, economic diplomacy.

Keywords:
diplomacy, economic diplomacy, power, globalization

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MECHANISMS OF TRANSNATIONAL CORPORATIONS GOVERNMENTS IN THE CONDITIONS OF GLOBAL ECONOMY

Nenad Dugalic
Milan Novovic


Accepted for publishing: 12.04.2017

Abstract
After continuous expansion after The Second World War, transnational corporations (ТNK) have become a dominant force and the most important actors of world’s economy at the end of last and the beginning of this century. Their financial and technological potential, importance in structuring of global demand and production and especially their rapid growth, point out that modern world economy can without exaggeration be called economy of TNK.Besides the significant influence on production, sales and international goods and service exchange, TNK in the function of globalization mechanism also influence the international technology transfer. Due to union and concentration of all indicators of their economy power, TNK are in the position to set the dynamic and ways of modern development. TNK have grown into relatively closed and complete economical systems with high degree of financial, production, technological and personnel self-sufficiency. Working as an active mechanism in the economy development of the world, they tend to improve their economic interests, in the first place the owner of the capital in their native country. TNK present a union of world’s economy and as holders of the globalization process they present in the true meaning of the word, global economy.

Keywords:
Transnational corporations, global economy, national sovereignity, liberalization, deregulation

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ENVIRONMENTAL CHALLENGES OF ECONOMIC DEVELOPMENT

Kristijan Ristic
Milanka Bogavac
Branko Petricevic


Accepted for publishing: 08.05.2017

Abstract
The global economic crisis along with the implementation of the neoliberal project has announced shifting of the global economy capital center from the manufacturing sector into financial sector, just like the economic activity is no longer important. So, primitive private freedom to capitalize on poverty in the form of secretly designed private benefits such as competition, as a key incentive for the development and monopoly generator was formalized. Ecology has entered a daily conversion between debtors and creditors. Dialog of interests among creditors and debtors is extremely facilitated by using a special type of debt conversion that is manifested through debt write-off for ecological preservation of green continent (debt-for-nature swaps). Today's world suffers from increasing pollution of the environment and the decreasing of the ozone layer. The scientists are suffering too because they do not know how to explain how it will affect agricultural yields, the health of the population, the level of the sea, the length of human life, the rise in temperature, the socio-economic development, the living standard of citizens. Therefore, environmental issues have become more economical, although environmental concerns increasingly moved to the plane of economic science, which has created new financial instruments in order to simultaneously address development and environmental problems. One of the latest financial instruments, which showed all its effectiveness, is a debt-for-nature swaps, through which the indebted countries forgives part of their debt in exchange for an increase in government investment in the field of preservation of ecological heritage that is significant for the whole planet. It is a win-win for everyone: debtor country, because it actually buys off foreign debt using domestic currency with a discount, and the country's creditors, because they do not have to invest fresh money for the preservation of the environment but they are using money from debtors, money that probably was not even payable.

Keywords:
environmental protection, economic development

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SIMULATIONS IN MATERIAL FLOWS PLANNING IN WAREHOUSES

Jelena Maletic

Accepted for publishing: 09.05.2017

Abstract
In modeling of the use of equipment, different approaches can be applied. It is always assumed that the material, or goods, is at the point A and that a forklift truck or AGV carry it to the point B for further processing. Modeling of connections between points A and B can be accomplished in several ways. In the conventional simulations, such as Siemens' Plant simulation, Delmia's Quest, InControl's Enterprise Dynamics, etc., the equipment is used in transportation for a direct transfer between these two points. The disposition of the one level warehouse is not taken into consideration. In more modern planning, the movement of the working means is modeled using the "inflexible" paths, which consider the multi-level structure of warehouse in the part relating to the forklift paths, using Java or C++. The more complex the structure is, the higher number of the possible paths need to be modeled. This approach is unreliable if the layout changes because the simulation experts must change the trajectories of every possible means according to the new applied technology. The aim of this paper is to present a methodology that can reduce the number of the changes in the model when the warehouse needs to be modified. Here is presented an algorithm for movement planning, which automatically determines the trajectories of the work means, depending on the current machines disposition, without colliding with other objects in the considered virtual warehouse. The basic feature of this model is that it is applicable not only in warehouses with a ground level but also in all multi-level warehouses regardless the number of floors.

Keywords:
Intralogistics, Warehousing, Modeling, WMS, CAD, Java

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AGRARIAN REFORM IN RUSSIA IN THE NINETEENTH CENTURY AND ITS IMPACT ON THE RUSSIAN ECONOMY

Boris Bursac
Stanislav Glumac


Accepted for publishing: 17.10.2016

Abstract
With absolute right, we can say that the nineteenth century for Russia represents a period enactment of crucial laws – reforms with only one goal and that is to modernize the sleeping Russian Empire. Although Russia during this period was a feudal state, the nobility still has the final word as serfs bear the yoke of progress. Western European countries are largely in the process of industrialization while the Russian Empire, with a significant role in world events of the nineteenth century, retains serfdom and thereby slows its further progress. Thanks to its natural resources, Russia survives by supplying Western European industry with raw materials. Yet that was not enough, Russia has begun increasingly economically lagging Western European countries what would later create problems and shake the Empire. Next date that marked Russian history is 1861. year of the abolition of serfdom in Russia and this will be the central subject of analysis in this work. This work represents one overview of a period in which Russia started to wake up from their winter sleep, the period of the reign of the most progressive Russian Tsar Alexander II Romanov and above all, a period in which everything is reduced to one of Hamlet's question to deteriorate or stand. Also, we will examine the situation of the Russian economy today and its thorny road of survival under the sanctions of the international community.

Keywords:
Russia, reforms, the abolition of serfdom, Alexander II, economic development

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GLOBALIZATION CHANGES AND PROCESSES

Nevenka Nicin
Milija Bogavac
Anka Bulatovic


Accepted for publishing: 24.05.2017

Abstract
Globalization means the distribution of all spheres of human activity on a planetary scale, including the internationalization of money capital, securities, law, technology, information, an organization of trade, experiences of entrepreneurial practices, management, and marketing, which is globalizing by its holders are becoming multinationals. The main purpose and objective of the strategy of globalization and internationalization of the company is reducing transaction costs, so decided to the aggressive strategic internationalization of business activities on the one hand and on the other hand keeping strategy and internationalization, to maintain the specific competitive advantages and allow strategic advantages they get to know the competition. Globalization is the process of uniting the world into one entity or one system, which is possible thanks to the constant overall information and communication technological progress. The world is becoming integrated with each other and all that is happening locally, can be reflected and globally. Globalization starts processes that are felt in all parts of the world. Interconnection and globalization of national economies and financial markets are influenced by the vulnerability of the world's economy. Today, the process of globalization around the world oppose the anti-globalists. A common response to globalization regionalism, patriotism and nationalism in order to a greater or lesser extent, is to preserve national and cultural specificities and to some extent the protection of economic independence. What brought by globalization, global factory and the economy, and even the development of the world as the Single system in the future remains uncertain.

Keywords:
globalization, financial markets, economy

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MESTE NGO and FBIM Transactions support teamwork and encourage international scientific cooperation.

That is why we are especially willing to publish works of groups of authors from two or more different countries.


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