RISK MODELING IN ADOPTION OF MANAGEMENT SOLUTIONS
Journal Title: ЕКОНОМІЧНИЙ ДИСКУРС - Year 2018, Vol 1, Issue 4
Abstract
The efficiency of any enterprise depends from the true management decision. The risks that affect the company's activities may occur at any stage of the decision-making process. Therefore, targeted analysis, evaluation, modeling and risk management is desirable in order to maximize the uncertainty and influence of random factors on the quality of the management decision taken. The author uses the following methods of research: analysis and synthesis, differential computing, expert, mathematical modeling, accounting and analytical, functional analysis. The classical model of estimation of money in time considering the risk factors from the position of The classical model of estimation of money in time considering the risk factors from the position of analysis of the function of a complex variable is considered. It has been established that for making sound management decisions, this model in this form is quite difficult to apply, since it does not include a risky gradient over time. It is proposed to use non-trivial options for increasing the amount of investment using a complex variable to describe the risk level distributed in time. A model of increase the amount of investment using a complex variable to describe the degree of risk, distributed in time is developed, which allows you to predict the cash flow from production activities. It is established that the use of a complex number for expressing the sum of initial investment adjusted for total operational risk is a flexible mechanism for modeling and analyzing cash flows in the area of enterprise risk management. The developed model of the increase of the amount of investments for a description of the degree of risk distributed in time in the process of economic activity of the farm "AGRO-B" has been tested. Further research will be aimed at developing practical recommendations for the application of the developed model for forecasting the movement of investment funds and production costs in the process of making managerial decisions on the development of the enterprise in the long run.
Authors and Affiliations
Iryna Gorgo
Keywords
Related Articles
- EP ID EP533214
- DOI -
- Views 85
- Downloads 0
MARKET MECHANISM OF TOURIST DEVELOPMENT OF HISTORICAL AND CULTURAL HERITAGE IN THE SYSTEM OF TRAVEL INDUSTRY
Introduction. The relevance of the article is connected with the insufficient study of the problems of theoretical and methodological foundations of the mechanism of market of tourist services functioning in the field of...
STATUS AND TRENDS OF LABOR MARKET DEVELOPMENT IN RURAL AREAS
Formation and rational use of labor potential in the agrarian sector of the economy is an important strategic task, from which the food security depends on the success of each region and the country as a whole. Therefore...
TOURISM AS A PRIORITY AREA OF SUSTAINABLE NATIONAL ECONOMIC DEVELOPMENT
Introduction. Tourism, being one of the leading sectors of the state and individual regions’ social and economic development is, at the same time, a factor and a catalyst of their sustainable development in modern condit...
SOCIAL SPHERE UKRAINE: FACTORS AND FUNCTIONAL FEATURES OF ITS DEVELOPMENT
Introduction. Social sphere is an important part of ensuring human life and society. Social sphere promotes human development, its abilities and self-realization, formation of a certain standard of living in a society, r...
DIRECTIONS FOR IMPROVEMENT OF ECONOMIC AND ENVIRONMENTAL ASSESSMENT OF THE ENERGY POTENTIAL OF AGRICULTURAL CROPS AND EFFICIENCY OF PRODUCTION ON THEIR BASIS OF BIOLOGICAL ENERGY
Introduction. The use of any energy crops for obtaining biological fuel creates competition for land resources that can not but effect the food security of the country. From our point of view, this aspect must be conside...