Economic-mathematical modeling as a precondition for formation means of crisis management of enterprises
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 6, Issue
Abstract
The article is devoted to the economic-mathematical modeling as a prerequisite for the creation of anti-crisis management tools for enterprises. The article uses a discriminant model to determine a bankruptcy risk of the enterprise and uses a correlation-regression analysis to determine the most important factor of influence on the financial and economic state of the enterprise. The deterioration of financial and economic indicators is mainly accompanied by an increase in the debt burden, which may lead to a loss of solvency, and in the future to the curtailment of activities, that is a risk of bankruptcy. And current situation in the economic environment of Ukraine shows that there are significant disadvantages in this area. However the fact of bankruptcy of business entities is inherent in a market economy, but the amount of bankrupt enterprises and the pace of this process should be the subject of continuous analysis by management structures and the introduction of a system of necessary measures to reduce and stabilize such situations. To form a toolkit for determining the probability of bankruptcy, a number of modern economic and mathematical models that were developed by scientists from different countries of the world were analyzed, and a model of the Ukrainian scientist was chosen. The machine-building enterprises of Ukraine have adopted objects for assessing the risk of the financial crisis, since for most Ukrainian enterprises in this sector currently characterized by unsatisfactory financial condition, and as a result of the signing of the Association Agreement between Ukraine and the European Union (EU), according to experts, this type of activity can be significantly damaged due to low competitiveness compared to similar EU enterprises. A regression analysis, which is designed to show the dependence of one variable, as explained, on one or more explanatory variables, in order to calculate and / or predict the average of the first value with the known (fixed) values of the latter was applied to chosen enterprises for the determination of the need for investment strategy.
Authors and Affiliations
Yurii Orestovych Blynda
Keywords
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