scholarly journals Mathematical Model of Optimal Development Enterprise Economics

2020 ◽  
Vol 17 (2) ◽  
pp. 72-81
Author(s):  
E. V. Kasatkina ◽  
D. D. Vavilova
Keyword(s):  
Mathematical Model ◽  
Economic System ◽  
Research Methods ◽  
Intellectual Capital ◽  
Management Problem ◽  
Optimal Management ◽  
Optimal Development ◽  
Fixed Assets ◽  
Net Profit ◽  
Labor Resources

Purpose of the study. The production sphere of the enterprise is a dynamic system of cash, material and information flows, in the framework of which the final product is formed, distributed between investments in production capital and own consumption. The task of choosing the optimal proportions of the distribution of the final product is relevant and practically significant for corporations in developing economies. The purpose of this work is, using mathematical modeling, to identify strategy for the optimal development of commercial enterprise, based on the volume of investment in factors of production and consumption norms and the accumulation profit of the enterprise.Materials and methods. To obtain scientific results, general scientific and specific research methods were used: analysis, synthesis, comparison, system analysis, parametric analysis, economic, mathematical and statistical research methods. The theoretical basis of the study is the fundamental work and publications of Russian and foreign scientists in the field of research of optimal management of the economic system of the enterprise. The authors proposed a methodological approach that distinguishes their research from others – a mathematical model of the balanced development of the economy of an economic entity is presented, where production capital, labor resources and intellectual capital are considered as factors of socio-economic development. The information base of the study is the data of the financial and accounting statements of the Public Joint Stock Company Rosneft Oil Company for the period 2006-2018.Results. The factors of development of the enterprise economy are highlighted, among which, in addition to the traditional approach, which includes capital and labor, intellectual capital is introduced into the main production factor. As a valuation of the intellectual capital of the enterprise, the costly method is used. Based on the cycle of reproduction of the enterprise’s activity, a balance equation of the enterprise’s activity model has been formed taking into account capital investments in production factors and consumption and profit accumulation rates. The criterion functional in the optimal management problem is the discounted profit of the enterprise. As a control, a function was selected that characterizes the share of investment in fixed assets, and as a state of the system, the ratio of the value of fixed assets to intellectual capital. The mathematical model of optimal development is applied to the economic system of the enterprise of PJSC NK “Rosneft”.Conclusion. Modeling the dynamics of production capital, labor resources and intellectual capital of PJSC NK “Rosneft” and the results of solving their optimal management problem show that to keep a production enterprise on a balanced growth path, 55% of net profit will be spent on developing the intellectual capital of the enterprise, 35% of net profit – to improve the state of production capital of Rosneft. Given the optimal management in the future for 2019-2022. projected annual revenue growth rate of 19.9%, fixed assets – 16.2% and annual net profit of the company –9.7%.

scholarly journals Dampak Intellectual Capital Terhadap Profitabilitas Pada Industri Perbankan

2017 ◽  
Vol 9 (1) ◽  
pp. 67-77
Author(s):  
Nia Yuniarsih
Keyword(s):  
Intellectual Capital ◽  
Stock Exchange ◽  
Value Added ◽  
Added Value ◽  
Financial Statement ◽  
Financial Report ◽  
Structural Capital ◽  
Net Profit ◽  
Single Regression ◽  
Research Show

The objective of this study is to examine the influence of Intellectual Capital to Profitability. This study takes sample from 38 bank at the Indonesia Stock Exchange (IDX), which were published in financial report from 2015-2016. The sample was  determined based on the following criteria: (a) issued its financial statement ended  31 December; and (b) reporting earnings ended December 31,  2015 and 31 December 2016. Intellectual Capital were measured by Value Added, Value Added of Capital Employed and Structural Capital Value Added. Profitability was measured by Net Profit Margin. The research hypotheses were tested using single regression. The results of this research show that  Intellectual Capital had positive significant influence on profitability.

scholarly journals Transition to the Knowledge-Based Economy within the Modernization Paradigm for the States in the Core and Semi-Periphery of the Global Economic System

2021 ◽  
Vol 3 (49) ◽  
pp. 117-123
Author(s):  
O. A. Dovgal ◽  
◽  
G. V. Dovhal ◽  
H. V. Serdiuk ◽  
◽  
...  
Keyword(s):  
Economic System ◽  
Intellectual Capital ◽  
Main Function ◽  
Economic Resource ◽  
The Core ◽  
Knowledge Based ◽  
Catching Up ◽  
Knowledge Based Economy ◽  
Innovative Model ◽  
Intellectual Production

Abstract: The article generalizes the features of modern transition from industrial to post-industrial (or knowledge-based) economy within the modernization paradigm for the states in the core and semi-periphery of the global economic system. It is proved that among the historical diversity of national modernization phenomena one can single out two alternative models: an innovative model and a catching-up one. It is substantiated that the innovative model is most typical for the countries forming the core of the world economic system, while the catching-up model is more typical for countries in the periphery of global development. It is revealed that modern intellectual production covers, first of all, economic sectors producing information and knowledge. At the same time, intellectual capital also functions in productive industries, influencing their indicators as well. That is why knowledge workers, who form the intellectual strata of society, are considered to be subjects of intangible intellectual production, the latter making up the core of knowledge economy. Their main function is to produce intellectual products (socially valuable knowledge), in contrast to groups, whose social function is to embody these values and knowledge. It should also be noted that concrete historical forms of knowledge objectivisation, ways of their reproduction and, accordingly, historical types of intellectual layers can differ considerably. It is concluded that knowledge-based economy is considered as a sphere of economic activity, which nowadays is characterized by intensive use of intellectual capital as the main economic resource, in the fields of material production as well.

scholarly journals Le Capital Immatériel : Evaluation Et Importance Cas Des Entreprises Marocaines Cotées En Bourse

2016 ◽  
Vol 12 (10) ◽  
pp. 304
Author(s):  
Omar Taouab ◽  
Lotfi Benazzou ◽  
Aziz Babounia
Keyword(s):  
Intellectual Capital ◽  
Stock Exchange ◽  
Information Age ◽  
Intangible Capital ◽  
Approximate Approach ◽  
Fixed Assets ◽  
The Subject

Currently, we live in an economy that has changed considerably since the 1990s. This is the time where the economies have moved from the industrial to the information age. For about a decade, companies have switched to the immaterial economy in addition to the physical value (fixed assets: buildings, workshops, computers, vehicles, etc.) and the cash value (cash, receivables, etc.).There is a gaseous value, which is the intangible capital. This new notable concept is the subject of this research, which is to calculate the intangible capital of a sample of listed Moroccan companies, according to an approximate approach, based on publicly available data on Casablanca Stock Exchange website. The purpose of this research is to answer the following questions: What is intellectual capital? What are the components of intangible capital? And what is the weight of intangible capital in Moroccan companies?

scholarly journals New Approaches to Developing the Integral Indicator Methodology for Estimating the Financial Efficiency of Agricultural Entities in Poland, the Republic of Moldova, and EU Countries

2019 ◽  
Vol 19(34) (4) ◽  
pp. 103-112
Author(s):  
Mariusz Trojak ◽  
Barbara Kiełbasa ◽  
Daniela Popa ◽  
Aliona Sargo
Keyword(s):  
Concentration Index ◽  
Agricultural Land ◽  
Food Products ◽  
Future Research ◽  
Financial Efficiency ◽  
Practical Applications ◽  
Republic Of Moldova ◽  
Fixed Assets ◽  
The Republic ◽  
Labor Resources

Economic literature pays a great deal of attention to economic and financial efficiency, expressed in terms of competition, concentration, productivity and profitability. This paper provides an all-embracing framework for the various existing theories in this area and illustrates these theories with practical applications. Currently, changing the size of the production potential in agricultural units in the Republic of Moldova depends to a great extent on the influence of different trends in the modification of production resources: the reduction of labor resources and agricultural land, quantitative and qualitative changes in fixed assets, and in current assets, etc. The notion of resource potential means the totality of the volume of all resources (natural, labor, material, intellectual, information, etc.) on specific enterprises, territories, branches, regions. Evaluating a broad field of research, the paper describes profit maximizing food products and demonstrates how several widely-used products can be fit into this framework. The authors also present an overview of the current major trends in the food sector and relate them to the assumptions for food products, thereby displaying their relevance and timeliness. The results include a set of recommendations for future research on this topic. The design, methodology and approach of this research is to explain why efficiency can help obtain a profit surplus, and to measure this efficiency. For quality of methodology we apply a range of statistical methods, as well as the strategic capability of organisations – made up of resources and competences. One way to approach the stategic capability of an organisation is to consider its strengths and weaknesses (for example, where it has a competitive advantage, profit, efficiency or disadvantage). Based on our research and results, we sought to understand the concepts of financial effciency and to apply these concepts to practical situations. At the start of each analysis entrepreneurship plays an important role. Most organisations have to innovate constantly to obtain profit and efficiency for food products. They need to be first into a market, or simply a follower of customers in developing new products and services. Original studies in Moldova and Poland regarding farm concentration in terms of Gini Coefficient, Gini Index and Concentration Index of the utilized agricultural area. Original calculus formula to determine the Concentration Index of the UAA for the top 10% largest farms in Moldova and UK.

scholarly journals Assessing the Impact of Regional Budget Expenditures on Average Wages

2020 ◽  
Vol 16 (1) ◽  
pp. 61-69
Author(s):  
Denis M. Zhuravlyov
Keyword(s):  
Mathematical Model ◽  
Economic System ◽  
Labour Market ◽  
Model Performance ◽  
Practical Interest ◽  
Qualitative Assessment ◽  
Average Wage ◽  
Software Application ◽  
Regional Budget ◽  
The Impact

The author discusses the development of an economic-mathematical model for assessing the impact of regional budget expenditures on the average wage for solving the problems of analyzing macroeconomic indicators and forming strategic planning tools for the development of the regional socioeconomic system. The Object of the Study - expenses of the regional budget of the constituent entity of the Rossiyskaya Federatsiya, aimed at developing and maintaining the infrastructure contributing to the provision of comfortable working conditions for citizens. The Subject of the Study - methods of economic and mathematical modelling, processes of formation of the average wage. The Purpose of the Study. Development of an economic and mathematical model for assessing the impact of regional budget expenditures on the average wage level for quantitative and qualitative assessment of the effectiveness of the totality of measures arising in the process of its implementation. The Main Provisions of the Article. The labour market is the basis of a market economy and indicator, the importance of which makes it possible to draw conclusions both about the state of the economy as a whole and about the success of the reforms and transformations, in particular. His condition directly affects the performance indicators of the socio-economic system of the region: productivity, profitability, growth, etc. Research and identification of factors that have a significant impact on the processes of formation and functioning of the labor market is of not only theoretical, but practical interest. The following tasks have been solved: the economic and mathematical models are formalized; the layout of the indices characterizing the object of study; the corresponding mathematical apparatus is selected; software application developed; the proof of model performance is performed. As a methodological apparatus, methods of regression and correlation analysis were used. As a result, an economic-mathematical model of the category «labour market efficiency» was obtained, the functionality of which is sufficient to substantiate causal relationships between indicators that determine the nature of its functioning. Using the obtained results in practice, it is possible to reasonably form a system of priority long-term guidelines for the development of the socio-economic system of the region, drawn up in the form of relevant program documents. The developed software can be used as a module of a decision support system in the formation and development of a strategy for the region’s accelerated development.

Mathematical model of fixed assets’ joint use by the machine-building enterprises

2021 ◽  
Vol 57 (4) ◽  
pp. 96
Author(s):  
Georgy Kolesnik
Keyword(s):  
Mathematical Model ◽  
Asset Management ◽  
Supply And Demand ◽  
Machine Building ◽  
Goods And Services ◽  
Operating Profit ◽  
Fixed Assets ◽  
Spatially Distributed ◽  
Distributed Production ◽  
Building Enterprises

High competition in the markets of goods and services makes it urgent to improve the efficiencyof the use of production assets by the enterprises. One of the possible ways to solve the problem is joint use of the assets by different subjects. The use of this mechanism in the various branches grows rapidly in the last decade due to the opportunities for aggregation of supply and demand and automated contracting provided by the modern digital technologies. The basis for production asset management systems based on sharing is a mathematical model that allows determining the optimal modes of asset use in terms of their utilization, reducing the total cost of ownership and obtaining additional operating profit. This article considers a mathematical model of a multi-product spatially distributed production system that reflects the features of the activities of machine-building enterprises and assumes the possibility of joint use of their fixed assets. Economic and social criteria for the efficiency of fixed assets sharing are formulated in terms of maximizing the profit of enterprises, minimizing logistics and downtime costs. The optimal modes of joint use of the fixed assets concerning these criteria are investigated. It is shown that the joint use of fixed assets under the certain conditions can significantly improve the efficiency of the operating activities of enterprises.

scholarly journals Algorithm of optimal management for the efficient use of energy resources

2019 ◽  
Vol 110 ◽  
pp. 02052 ◽  
Author(s):  
Sergey Krasnov ◽  
Sergey Sergeev ◽  
Elizaveta Zotova ◽  
Nadezhda Grashchenko
Keyword(s):  
Mathematical Model ◽  
Decision Making ◽  
Energy Resources ◽  
Management Decision ◽  
Optimal Management ◽  
Negative Effects ◽  
Optimal Decisions ◽  
Maximum Profit ◽  
Management Decision Making ◽  
Business Entities

The paper presents the results of the developed algorithms aimed at optimizing management decision-making by the administration of megalopolises. A mathematical model is obtained within the concept of digital economy. The regulatory action of dispositive decisions is aimed at business entities whose activities are externalized while consuming energy resources. Since any resources are used unevenly throughout the year, the authors apply the methods of the theory of optimal decisions. The criterion is the functional reflection of the balance between the maximum profit, the comfort of living conditions, and the environmental conditions. The results obtained make it possible to take administrative decisions in an optimal way, which reduces the negative effects of externalities and results in the most efficient use of energy resources.

scholarly journals The imbalance of investment activities

2018 ◽  
Vol 212 ◽  
pp. 08022
Author(s):  
Svetlana Lobova ◽  
Aleksei Bogoviz ◽  
Julia Ragulina
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Effective Interaction ◽  
Federal Budget ◽  
The State ◽  
Economic Sectors ◽  
Investment Activity ◽  
Fixed Assets ◽  
Financial Investments

The state of the economic system is characterized by a group of economic indicators that are structural ones, reflecting certain aspects of reproduction, including investment. The purpose of this research is to reveal the level of imbalance in the investment activity by the main types of activity, the adjustment of which will promote effective interaction of economic sectors and economic growth. The level of imbalance is defined as the variance in the deviation of sectoral indicators from the average for the economy, which we consider to be optimal. The analysis allowed making the following conclusions: the greatest structural shift is observed in terms of the share of investments in the active part of fixed assets and long-term financial investments; uneven support is provided from the federal budget to different branches; the investment activity is close in characteristics to the average values for the country and varies up to 8.16% in most industries. The imbalance in investment activity is determined not only by the implementation of the state sectoral programs and by investing priority sectors from the budget, but also by the differences in the conditions for its formation.

scholarly journals The Role of Participation Banking as Alternative Financing Channels to Substitute for Deposit Banks and its Growth in the Turkish Finance Market - Period: 2007-2015

2017 ◽  
Vol 7 (1) ◽  
pp. 47-52
Author(s):  
Ferhat Sayım
Keyword(s):  
Economic System ◽  
Banking System ◽  
The Other ◽  
Bank Loan ◽  
Interpretive Analysis ◽  
Financing Channels ◽  
Comparative Review ◽  
Net Profit ◽  
History Of ◽  
World Economic

Financial systems and companies have become the most important reasons in the weakness of world economic system. The formation and development process of the financial structure also constitute the infrastructure of the world economic system. The path of the financial system and development has led to discuss with the financial crisis in 2008-2011. One of the solutions in order to reduce problems caused by the conventional banking system is alternative financing systems. In Turkey, the corporations based on profit share system are named participation banks. These banks which settle on different principles in the risk distribution of the portfolio acquired are analyzed more nowadays. Participation based banks are placed in practically every regulation related to banking terms and get their legal infrastructure more steady in the banking legislation of Turkey. This study is a continuation of a series related to the situation of participation banking in Turkey. On the other hand, the literature and the history of participation banking have been given less attention in this study. Literature information on methods in participation banks has been described in previous work of the series. Two analyzes were conducted in this study. One analysis is interpretive analysis that expresses the situation of applications of participation banking against banking risks. The other is an analysis of the figures of participation banks in Turkey as a continuation of the series. This study is a 2007-2015 part of research series. The study tries to explore the place and the importance of participation based banking with the various sub-headings, especially in Turkey. For this reason, we examine the comparative review 2007-2015 data of participation banks which are composed of Total Assets, Equity Net Profit, Collected Funds and Bank Loan Funds. Then we compare the total figures with deposit banks for the same period in Turkey.

scholarly journals Financial and Non-Financial Reporting – an Attempt to Correlation Between Selected Chosen Variables

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Marta PODOBIŃSKA-STANIEC ◽  
Robert RANOSZ
Keyword(s):  
Financial Reporting ◽  
Intellectual Capital ◽  
Intangible Assets ◽  
Full Time ◽  
Full Time Equivalent ◽  
Fixed Assets ◽  
Capital Efficiency ◽  
Financial Result

This paper describes a study designed to find correlations between intellectual capital efficiency, measured using the Value AddedIntellectual Coefficient (VAIC), and selected components of reports submitted by KGHM Polska Miedź S.A., a Polish mining company.The study examined such components as the company’s intangible assets, number of jobs/FTEs (Full-time equivalent) andthe net financial result. The timeframe explored here is the period between 2004 and 2018 (the last 14 years). We assumed thatintellectual capital efficiency should be correlated with intangible assets, which are part of fixed assets, but the results of our studyproved otherwise. Our analysis demonstrated that intellectual capital efficiency was correlated the strongest with the company’sfinancial performance.

Sign in / Sign up

Export Citation Format

Share Document