Research on the Influence of the Investments Into the Fixed Assets in Scale-Over Industrial Enterprises to the Industry Economy Benefit in Wuhan

2010 ◽  
Author(s):  
Gu Qiao ◽  
Liang Dong
Keyword(s):  
Industrial Enterprises ◽  
Fixed Assets ◽  
Economy Benefit

scholarly journals Modern problems of fixed capital management of the industrial enterprise

2021 ◽  
pp. 23-27
Author(s):  
Olena STANISLAVYK ◽  
Oleksandr KOVALENKO
Keyword(s):  
High Efficiency ◽  
Industrial Sector ◽  
Basic Element ◽  
Fixed Capital ◽  
Industrial Enterprise ◽  
Capital Management ◽  
Goods And Services ◽  
Industrial Enterprises ◽  
Long Run ◽  
Fixed Assets

Introduction. Production activity is impossible without the presence of fixed capital and its basic element – fixed assets, in the operation of which the depreciation fund is formed and the targeted use of depreciation deductions and quality reproduction of fixed assets of the enterprise are positioned to the fore. The importance of this issue increases due to need to enter markets with competitive goods and services, which leads to innovative and active activities of industrial enterprises, which require, above all, significant investments into the fixed assets. The purpose of the paper is to highlight the essence and modern problems of fixed capital management of industrial enterprise. Results. The paper explores the essence of fixed capital management of industrial enterprise and identifies modern key issues in this area facing managers of domestic industrial enterprises. The role of strategic and tactical planning of the process of reproduction of fixed assets in the management of fixed capital of the industrial enterprise and the reasons for its renewal are highlighted. The requirements for the formation of strategy and management system of fixed capital of the industrial enterprise are presented. The stages of formation of the effective strategy of fixed capital management under conditions of the modern market and the basic directions of activity of the industrial enterprise in this sphere are offered. The necessity of implementing the rational depreciation policy and correct revaluation of fixed assets is shown. The importance of using leasing as effective tool for investment and renewal of fixed assets of domestic enterprises of the industrial sector of economy is considered. Conclusion. For the effective management of fixed capital, it is important for industrial enterprises to perform a number of tasks, which involve the development of long-term strategy and tactics for the formation and effective use of fixed assets; determination of fixed capital renewal needs; adequate assessment of the conditions of fixed assets, maintaining the proper conditions of machinery and equipment; implementation of rational depreciation policy; finding acceptable sources of funding for the restoration of fixed capital, as well as finding more efficient ways of using the investment resources. It should allow the industrial enterprise to produce products, which are in demand, and ensure stable competitive positions and high efficiency in the long run.

scholarly journals Determinants of City Growth in Russia

2020 ◽  
pp. 39-52
Author(s):  
Inna Manaeva ◽  
◽  
Alexandra Kanishcheva ◽  
Anna Tkacheva ◽  
◽  
...  
Keyword(s):  
Russian Federation ◽  
Positive Impact ◽  
Urban Systems ◽  
Practical Significance ◽  
Initial Population ◽  
Large Cities ◽  
Industrial Enterprises ◽  
Fixed Assets ◽  
The Russian Federation ◽  
Positive Effect

Today in Russia there are 1120 cities that are located in the territories with varying degrees of concentration. In the federal districts and regions of the Russian Federation, there is a wide disparity not only in the size of cities, but also in their growth rates. At a decrease in the population in small cities, there is an increase in big towns and cities with more than one million inhabitants. This trend shows the “attraction” of the population from regions into capital cities. The aim of the article is to assess the effects of factors that can influence the growth of a city in the Russian Federation. The scientific novelty of the research consists in the analysis of the influence of external (infrastructure, security) and internal (economic, social, infrastructure, human capital, environmental situation) factors on the growth of cities. The paper presents a system of factor indicators of urban growth. Cities of different sizes have different levels of life standard, and therefore author’s methodology was tested in terms of urban sizes: towns, medium-sized cities, large cities, million-plus cities. The significant factors in the growth of millionplus cities in the Russian Federation are the initial population size and average monthly wages. The growth in the population of large cities is negatively affected by the spatial concentration of industrial enterprises. A high level of average monthly wages contributes to an increase in the population of this type of cities. A significant positive impact on the growth of large cities depends on the concentration of mining industry, volume of investments in fixed assets, number of doctors. The concentration of mining industrial production has a positive effect on the basic growth rate of medium-sized cities. The concentration of manufacturing and the volume of investment in fixed assets have a significant positive effect on the growth of small towns. The practical significance of the obtained results consists in the possibility of creation of a methodological toolkit for the assessment of urban systems of the region, which can become the basis for the development of an algorithm for the strategic planning of the spatial development of cities in the Russian Federation.

scholarly journals Financial and Economic Features of Technical Re-equipment of the Workshop Machine-Building Enterprise

2020 ◽  
Vol 11 (5) ◽  
pp. 434
Author(s):  
Elvira Distantovna Khisamova ◽  
Svetlana Mazgutovna Nuryyakhmetova ◽  
Gulnara Damirovna Kayumova
Keyword(s):  
Energy Intensity ◽  
New Product ◽  
Machine Building ◽  
Production Equipment ◽  
Technical Development ◽  
Industrial Enterprises ◽  
Fixed Assets ◽  
Technological Level ◽  
Different Levels

One of the urgent problems of modern industrial enterprises is the problem of their technical development. The most common direction of technical development is the technical re-equipment of industrial enterprises. This is a very long and costly process, requiring both from the management of the enterprise and from its employees of high qualification, the ability, and skills to make quick decisions and predict the outcomes of these decisions. Currently, the market for technical and technological equipment is represented by many kinds of different industrial machines, aggregates, mechanisms of different manufacturing firms, different levels of complexity, productivity, energy intensity, and, of course, different costs. The analysis of the market, the choice of suppliers of production equipment, the formulation of terms of delivery and payment, installation, assembly, and installation of equipment at the enterprise, commissioning and subsequent technical support are all elements of the process of renewal of fixed assets called technical re-equipment.Technical re-equipment includes raising the technological level of production, which includes the use of additional new equipment (both in the case of physical and moral obsolescence).During this event, either modified tools will be used in the production of old products, or the quality of the products will change, or a completely new product will be produced, or all taken together. In addition, the concept of technical re-equipment can include the re-qualification of personnel during the re-equipment process and bringing technologies in line with environmental norms and standards.

scholarly journals ENVIRONMENTAL ECONOMIC EFFICIENCY OF INDUSTRIAL ENTERPRISES: EVALUATION AND MANAGEMENT

2019 ◽  
pp. 7-20
Author(s):  
Sergey Vladimirovich Ponomarev ◽  
Galina Stepanovna Merzlikina
Keyword(s):  
Environmental Protection ◽  
Environmental Factor ◽  
Economic Efficiency ◽  
Objective Assessment ◽  
Environmental Accounting ◽  
Industrial Enterprise ◽  
Environmental Reporting ◽  
Protection Measures ◽  
Industrial Enterprises ◽  
Fixed Assets

The article presents the results of a study of the ecological and economic efficiency of the industrial enterprise. It has been stated that industry has a significant environmental impact on the environment. According to the results of the analysis of the environmental activities of enterprises, it has been inferred that the environmental factor should be taken into account in assessing the economic efficiency of an industrial enterprise. Some enterprises provide environmental accounting, but these are, as a fact, the large industrial leaders in the status of “national treasure”. It has been revealed that the majority of industrial enterprises either pays for environmental pollution losing part of their profits, or takes environmental protection measures bearing a heavy burden of costs and loosing profitability. There has been given the analysis of research publications on the assessment of ecological and economic efficiency of the enterprise. It was mentioned that despite the importance of improving the methods of assessment, there was not offered any available and generally accepted indicator (indicators). Many projects are difficult for economic practice and can only be used in scientific research. There has been worked out and submitted a methodological toolkit - a new indicator of environmental and economic efficiency (EEefficiency) defined as the ratio of results to resources. The result is the profit of the enterprise minus (if environmental protection measures are not carried out) pollution charges (from January 1, 2020, excluding the environmental tax). The fixed assets and circulating assets (production resources) and, in the case of conducting environmental protection measures, the fixed assets and circulating assets (resources directed to protect the environment) are considered as resources. The indicator EEefficiency is based on the so-called balanced approach, in the context of the study - an adequate, objective assessment of economic efficiency subject to the environmental factor. There have been defined the problems of possible using of the proposed indicator: “equity” and validity of the assessment of damage (fine) from pollution; difficulty of accounting for environmental resources and costs; difficulties in compiling special environmental reporting. The necessity of creating a special platform of environmental and economic indicators of the industrial enterprise efficiency has been substantiated.

scholarly journals OPTIMIZATION OF THE CAPITAL-LABOR RATIO OF INDUSTRIAL ENTERPRISES USING PRODUCTION FUNCTIONS

2019 ◽  
Vol 2019 (11-12) ◽  
pp. 34-48 ◽  
Author(s):  
Oleksandr YANKOVYI ◽  
◽  
Volodymyr YANKOVYI ◽  
Keyword(s):  
Machine Building ◽  
Production Functions ◽  
Production Factor ◽  
Analytical Determination ◽  
Marginal Rate ◽  
Industrial Enterprises ◽  
Labor Ratio ◽  
Capital Labor Ratio ◽  
Fixed Assets ◽  
Optimal Capital

Neglect of the issues of managing the capital-labor ratio at industrial enterprises and lack of information on the level of its difference from the optimal value are steadily leading to the irrational use of fixed assets and labor. This, in turn, inevitably manifests itself in decreasing competitiveness of individual domestic producers, their deteriorating financial situation and, ultimately, ends in bankruptcy. Thus, it is necessary to constantly monitor the occurrence of suboptimal capital-labor ratio, which is fraught with a relative overabundance of one of the most important production factors-resources and a decrease in the efficiency of using the other. The authors propose a procedure for the analytical determination of the optimal capital-labor ratio of a commodity producer using the marginal rate of technological substitution of resources based on dynamized production functions. This makes it possible to verify the scientific hypothesis of the relative redundancy of fixed assets compared to size of salary not only at the industry level, but also at individual machine-building and food enterprises. In particular, a number of agreed criteria for optimal capital-labor ratio (when the constructed production function adequately describes the time variation of the technical and economic indicators of the commodity producer) are justified and alternative management recommendations are developed in the case when the actual capital-labor ratio is not optimal at the enterprise. Testing of the developed theoretical and methodological provisions and practical recommendations at domestic enterprises in various industries showed that in recent years, enterprises of machine-building and food industry in Ukraine have seen a significant excess of fixed assets compared to labor remuneration. The actual excess of the required capital-labor ratio, that is, its sub-optimality in this period was formed under the influence of two main factors: (i) the presence at the industrial enterprises of a large amount of obsolete and worn-out technical and technological equipment that was used inefficiently; (ii) artificial understatement of the cost of the production factor “labor force”, manifested in the relatively low wages of staff remuneration of the enterprises under study.

scholarly journals Applied Aspects of Industrial Production Research in Ukraine

2021 ◽  
Vol 4 (519) ◽  
pp. 73-81
Author(s):  
R. V. Feshchur ◽  
◽  
N. O. Kolinko ◽  
S. V. Shyshkovskyi ◽  
D. I. Skvortsov ◽  
...  
Keyword(s):  
Economic Performance ◽  
Industrial Production ◽  
Nonlinear Models ◽  
Influential Factors ◽  
Innovation Activity ◽  
Industrial Complex ◽  
Structural Part ◽  
Industrial Enterprises ◽  
Fixed Assets ◽  
Industrial Complexes

Industry is one of the important sectors of the economy of any country in the world. At the same time, statistics show that the industrial complexes of many countries are developing unevenly, with periodic changes in the structure and volume of production under the influence of many internal and external factors. Ukraine's industrial complex is also undergoing spatial and structural distortions, but these trends do not always correspond to those formed in the world's leading countries in the direction and pace of change, although today the industrial complex of Ukraine is the most important structural part of Ukraine's economy, a third of fixed assets and more than 30% of the employed population. As one of the largest spheres of social production in the country, industrial production determines the level of its socio-economic development, the specialization of the economy and the extent of participation in the territorial division of labor. Properly chosen strategy for the development of industrial production, the appropriate volume and structure of production, a reasonable volume of sales allows all participants in production to achieve their financial goals. This is due to the importance of studying the activities of industrial enterprises. The article constructs nonlinear models of multiple regression, which describe the main trends in industrial production, the effect of external and internal factors on the economic performance of industry in general and industrial enterprises in the western region of Ukraine. It is established that innovative transformations in industrial production have led to the renewal of fixed assets and have had a positive effect on the dynamics of economic results. At the same time, this process was accompanied by a reduction in the number of people employed in industry. It is revealed that the influential factors of the external environment include economic conditions of management, and among the factors of the internal environment – the management of innovation and innovation activity of economic entities. It is recommended to expand the set of tools at the expense of distribution-lag, autoregressive, simulative and other econometric models to describe the relationship between the economic performance of enterprises and factor characteristics.

scholarly journals Industrial dynamics in conditions of digitalization of economy

2021 ◽  
Vol 6 (3) ◽  
pp. 114-120
Author(s):  
E. V. Yakovleva ◽  
◽  
Yu. S. Ilina ◽  
Keyword(s):  
Analytical Study ◽  
Technological Development ◽  
Industrial Dynamics ◽  
Target Setting ◽  
Manufacturing Enterprises ◽  
Software Products ◽  
Industrial Enterprises ◽  
Russian Economy ◽  
Fixed Assets ◽  
The Impact

This paper examines the impact of digitalization on the industry of Russian economy. The results of an analytical study of the impact of digitalization on the dynamics of manufacturing enterprises are presented. The target setting is focused on the analysis of industrial dynamics in the context of the digitalization of the economy and the identification of prerequisites for the formation of an intelligent infrastructure for technological development in industry. The relevance of the study is due to the need to modernize industrial enterprises in the digital economy by updating fixed assets and putting into operation new equipment and software products (Compass-3D, SolidWorks, Mathcad, etc.) in accordance with the pace of modern technologization

MEANINGFUL ASSESSMENT OF THE ROLE OF DEPRECIATION AS A SOURCE OF INVESTMENTS FOR THE ENTERPRISES MODERNIZATION

2021 ◽  
Vol 3 (197) ◽  
pp. 53-62
Author(s):  
A.V. Streltsov ◽  
◽  
G.I. Yakovlev ◽  
Keyword(s):  
Interest Rates ◽  
Digital Transformation ◽  
Successful Implementation ◽  
Industrial Enterprises ◽  
Technical Base ◽  
Fixed Assets ◽  
The Face ◽  
Internal Sources ◽  
Competitive Products

The study analyzes the nature of the modernization of the enterprise, identifies the factors that determine the need for its implementation in relation to Russian industrial enterprises, which were forced to miss several cycles of renewal as a result of the national economy reformation. It is necessary to comprehensively transform their material and technical bases to produce innovative, competitive products in the face of global uncertainties and increased competition on the target markets. The purpose of the study is to prove that the modernization of industrial enterprises is based on the transformation of their material and technical base, regular updating of fixed assets in order to eliminate their moral depreciation and the successful implementation of digital transformation. As a result, the study of the processes and algorithms for justifying the renewal and modernization of the formation of funds at the expense of internal sources of the enterprise investments. An approach to the assessment of their capabilities and importance to ensure the financing of modernization projects is proposed. Methods of statistical and comparative analysis, quantitative and qualitative analysis of economic phenomena and management of industrial enterprises were used to solve the set tasks. The characteristics of changes in profit, return on fixed assets and depreciation as sources of investments, depending on the dynamics of interest rates and inflation, are determined. The directions of increasing the importance of internal sources of enterprise investments for the implementation of its modernization projects are proposed. Key conclusions: it is necessary to build a comprehensive mechanism for managing the depreciation process of enterprises as its reproduction and modernization core. It is also necessary to ensure the targeted use of depreciation and the minimum return on funds accumulated by owners in the depreciation fund.

A model to optimize the structure of enterprise's fixed assets in conditions of digital transformation

2021 ◽  
Vol 20 (2) ◽  
pp. 357-378
Author(s):  
Georgii V. KOLESNIK ◽  
Mikhail B. RYBAKOV
Keyword(s):  
Mathematical Modeling ◽  
Life Cycle ◽  
Development Planning ◽  
Machine Building ◽  
Economic Feasibility ◽  
Utilization Efficiency ◽  
Industrial Enterprises ◽  
Markov Chain Theory ◽  
Fixed Assets ◽  
Production Capacities

Subject. The article addresses the enhancement of fixed assets utilization efficiency as one of priority tasks faced by modern machine-building enterprises. Objectives. The purpose is to devise approaches and tools for solving the problems of optimization of industrial enterprises’ fixed assets development and use, on the basis of mathematical modeling. Methods. The study employs methods of mathematical modeling of economic processes, the Markov chain theory, and the multicriteria optimization. Results. We offer an approach to analyze the life cycle of enterprise’s fixed assets based on the theory of Markov chains. The paper presents a mathematical model of the fixed asset life cycle, formulates optimization tasks for fixed assets development, taking into account economic feasibility and reliability. Using the developed tools, it is possible to plan investing and operating activities for geographically distributed systems of enterprises, in particular, optimization of investment in production capacities development, planning their maintenance and repairs, load distribution between individual enterprises of the system. Conclusions. The use of modern digital technologies that provide dynamic forecasting and optimization of fixed assets enables to achieve a number of improvements, including a reduction in production time and cost and increase in efficiently used production means.

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