The Functional Model for Monitoring Economic Indicators of Enterprise Performance

Journal Title: Бізнес Інформ - Year 2016, Vol 2, Issue

Abstract

The article analyzes, systematizes and generalizes functional content of the information model for monitoring economic performance of enterprise, formulates its development on the basis of methodology of the international standard for modeling IDEF0. Feasibility of use of the IDEF methodology (ICAM Definition) has been reasoned to create a functionally-oriented model of system for monitoring economic indicators of enterprise performance, which makes possible to explore its structure, parameters and characteristics. Methods for both selecting key indicators of monitoring and their converting into system, as well as information flows that circulate in the system, have been analyzed. It has been substantiated that use of IDEF methodology contributes to the formalized description, objective analysis of monitoring processes, which also enables to make modifications in the system. Prospects of further researches have been formulated, which are directed towards comparison of this model with the existing organizational structures of enterprises, and shall ensure the development of an organizational mechanism, adequate to current conditions, to monitor economic indicators of enterprise performance.

Authors and Affiliations

Olha Riabkova

Keywords

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  • EP ID EP106926
  • DOI -
  • Views 110
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How To Cite

Olha Riabkova (2016). The Functional Model for Monitoring Economic Indicators of Enterprise Performance. Бізнес Інформ, 2(), 293-299. https://europub.co.uk/articles/-A-106926