scholarly journals SPECIFICS OF FORMATION AND EFFECTIVE USE OF CURRENT ASSETS IN CONSTRUCTION

2019 ◽  
Vol 45 (3) ◽  
pp. 231-240
Author(s):  
T. E. Chetin
Keyword(s):  
Construction Industry ◽  
Asset Management ◽  
Information Management System ◽  
Development Stage ◽  
Optimal Choice ◽  
Strategy Development ◽  
Construction Enterprise ◽  
Construction Enterprises ◽  
Managerial Decisions ◽  
Methodological Approaches

Objectives. This study is aimed at identifying the specifics of managing current assets in construction enterprises and developing a set of practical measures that can enhance the efficiency of their use.Method. In the course of the study, a system approach was taken, comparative and functional-cost analysis methods.Result. It is shownthatthe specifics of current assetformation in construction industry is to be taken into account when developing a conceptual basis for managinga construction enterprise. Methodological approaches to the estimation of current assets are described, the most effective of which facilitate the optimal choice of sources, forms and volume of attracting current assets into construction industry. A set of practical measures for organizing a system of current asset management in construction enterprises is proposed. These measures are expected to provide for the rational formation and use of all the constituent components of this system.Conclusion. The methodological approaches to the estimation of current assets, criteria for making managerial decisions, management strategy development stage sand methodological provisions for the organisation of the management of current assets presented in this papercan be used as a methodological basis for managing the working assets of a construction enterprise, thuscontributing to improved management efficiency and creating conditions for sustainable functionality. Every managerial decisionrelated to determining the level of financial assets, accounts receivable and inventories should be considered from the standpoint of both the profitability of these assets and the optimal structure of current assets, thus requiring respective management levers. The implementation of the basic requirements for the management of current assets necessitates the application of anti-risk expert-analytical procedures, including those related to the functioning of the corporate information management system.

scholarly journals DETERMINING OF TECHNOLOGICAL EFFECTIVENESS OF BUILDING SYSTEMS BY AHP METHOD

2004 ◽  
Vol 10 (4) ◽  
pp. 135-141 ◽  
Author(s):  
Romualdas Ginevičius ◽  
Valentinas Podvezko ◽  
Algirdas Andruškevičius
Keyword(s):  
Construction Industry ◽  
Building Materials ◽  
Pairwise Comparison ◽  
Construction Technology ◽  
Ahp Method ◽  
Suggested Approach ◽  
Construction Enterprise ◽  
Construction Enterprises ◽  
Building Systems ◽  
Technological Effectiveness

The successful performance of construction enterprises as well as their competitiveness are largely determined by the construction technology and management methods used. In this respect two levels referring to a building or structure itself and to a construction enterprise as a whole should be distinguished. The technology of a building or structure embraces its construction system generally characterizing building materials, design solutions and load‐bearing structures and enclosures used in the construction of this particular building. The problem of selecting a general technological criterion for the whole construction enterprise arises. A construction enterprise fulfilling its annual program can simultaneously construct buildings and structures based on various construction systems, i.e. it can use various technologies. Searching for an integrated criterion to describe an enterprise as a whole three main issues including the variation of the applied technologies and their volumes and technological effectiveness should be taken into consideration. In the paper the problem of determining technological effectiveness of construction systems is considered. A method of pairwise comparison developed by T. Saaty was used to address this problem. The calculations were made for all thirteen technologies currently used in Lithuanian construction industry. Based on the suggested approach the weight of technological effectiveness was determined for each of them in the parts of one.

scholarly journals INSTRUMENTS FOR CASH FLOW MANAGEMENT OF CONSTRUCTION ENTERPRISES

2020 ◽  
pp. 223-229
Author(s):  
Mariya Nashkerska ◽  
Nataliia Patriki
Keyword(s):  
Construction Industry ◽  
Cash Flow ◽  
Financial Stability ◽  
Cash Flows ◽  
Flow Management ◽  
Construction Enterprise ◽  
Cash Flow Management ◽  
Construction Enterprises ◽  
Payment Schedule ◽  
Definition Of

Introduction. Financial state of the construction enterprise, level of its financial stability, creditworthiness and liquidity depend on the availability of current assets, net cash flow (positive or negative), which is formed in the course of conducting payment transactions. The subject of the research is the flow of money of the construction enterprise. The research objectives: identifying the causes of current assets constraints at the construction industry enterprises; using projected cash flow budget and payment schedule as instruments of managing the enterprise cash flow. The purpose of the article is to determine the instruments for cash flow management of construction enterprises, taking into account the peculiarities of their activities. Method (methodology). The article suggests developing projected cash flow budgets and payment schedule to manage cash flows more efficiently (prevent negative net cash flow) based on estimates made by construction enterprises to determine the construction cost. The purpose of the payment schedule is to determine the flow of funds for the next day and the current week as a supplement and detailing of the projected cash flow budget. Research results. The use of the projected cash flow budget and payment schedule at the construction industry enterprises will help the management team to control the incoming and outgoing cash flows, form the data base for making decisions on the efficient use of funds. It will also promote the search for additional funding sources of the enterprise activity in the period of budget deficit as well as pre-justified investment of capital in the period of budgetary surplus Thus, the formation of projected cash flow budgets and payment schedule can be an important instrument for efficient cash flow management of construction enterprises. The method of formation of mutually agreed forecast budget of cash flow and payment calendar with definition of indicators of their efficiency in management of cash flows and a financial condition of the enterprise as a whole needs further improvement. The technique of forming mutually agreed projected cash flow budget and payment schedule along with the definition of their efficiency indicators in managing cash flows and the overall enterprise financial state requires further improvement.

scholarly journals Business Processes Outsourcing in Building Enterprises

2018 ◽  
Vol 7 (3.2) ◽  
pp. 59
Author(s):  
Iryna Chernysh ◽  
Alla Glebova ◽  
Oleh Maksymenko
Keyword(s):  
Construction Industry ◽  
Business Processes ◽  
Competitive Advantages ◽  
Construction Enterprise ◽  
Construction Company ◽  
Construction Enterprises ◽  
Significant Difference ◽  
Technical And Economic Indicators

The article explores the role and importance of outsourcing for managing business processes at enterprises of the construction industry. Since the main purpose of managing construction enterprises is to achieve high technical and economic indicators, compliance with the terms of construction of objects and their construction, ensuring an increase in profitability and profitability of operations in the long-term perspective. This is possible with the use of outsourcing, which, unlike subcontracting, is aimed at providing profitability by concentrating on the performance of priority activities for which the construction company has the highest level of competence. Also, outsourcing involves taking risks and responsibilities of an outsourcing company for the quality of running business processes. This is a significant difference from the subcontract works and allows forming the long-term competitive advantages of the construction enterprise.  

scholarly journals Exploitation of cloud computing in management of construction projects in Slovakia

2016 ◽  
Vol 8 (1) ◽  
pp. 1456-1463 ◽  
Author(s):  
Tomáš Mandičák ◽  
Peter Mesároš ◽  
Mária Kozlovská
Keyword(s):  
Cloud Computing ◽  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Software As A Service ◽  
Construction Project Management ◽  
It Services ◽  
Construction Enterprise ◽  
Construction Enterprises

Abstract The issue of cloud computing is a highly topical issue. Cloud computing represents a new model for information technology (IT) services based on the exploitation of Web (it represents a cloud) and other application platforms, as well as software as a service. In general, the exploitation of cloud computing in construction project management has several advantages, as demonstrated by several research reports. Currently, research quantifying the exploitation of cloud computing in the Slovak construction industry has not yet been carried out. The article discusses the issue of exploitation of cloud computing in construction project management in Slovakia. The main objective of the research is to confirm whether factors such as size of construction enterprise, owner of construction enterprise and participant of construction project have any impact on the exploitation level of cloud computing in construction project management. It includes confirmation of differences in use between different participants of the construction project or between construction enterprises broken down by size and shareholders.

scholarly journals Formation of the model of the open production-and-economic system at the construction enterprise

2021 ◽  
Vol 244 ◽  
pp. 10029
Author(s):  
Nelli Volkova
Keyword(s):  
Complex System ◽  
Economic System ◽  
Applied Research ◽  
Structural Model ◽  
Construction Enterprise ◽  
Construction Enterprises ◽  
Managerial Decisions ◽  
Statistical Heterogeneity ◽  
Statistical Field ◽  
Open Production

The research is dedicated to the multi-structural model of the complex system at the construction enterprise as well as the model of structurally functional open production-and-economic system at the construction enterprise. The models are created for the acceptance of the justified managerial decisions and carrying out the applied research aimed at the efficiency of the construction enterprises functioning in the conditions of uncertainty, instability of the internal and external environment and heterogeneity of the indicators, which characterize the enterprise’s activity. The offered models are developed on the basis of the probability theory and the information theory; they are based on the principles of self-organization, openness of the complex systems, synergy and information-and-statistical approach. The concept of the open productive-and-economic system at the construction enterprise is considered, the content of the functions of the complex system at the construction enterprise is described, their stochastic and quasi-determined communications in the uniform information-and-statistical field of functioning are presented. Bit measurement for the whole set of functions, allowing to receive an adequate assessment of the complex open system behavior, is offered for further scientific and applied research, including the development of more exact forecasts and improvement of statistical heterogeneity of indicators.

scholarly journals Theoretical and methodological approaches to the design and introduction of net-centric information management systems at civil shipbuilding enterprises: terminology, principles, and implementation tools

2021 ◽  
pp. 33-42
Author(s):  
Victor A. Kalmikov ◽  
Vasiliy S. Dosikov
Keyword(s):  
Information Management ◽  
Industrial Structure ◽  
Leading Edge ◽  
Information Management System ◽  
Management Systems ◽  
Technological Innovations ◽  
Shipbuilding Industry ◽  
Managerial Decisions ◽  
Information Management Systems ◽  
Methodological Approaches

Introduction: The long-term development of the Russian economy is intertwined with the formation of an effective industrial structure. This in turn involves the active development and introduction of technological innovations. In this regard, in order to enhance the competitive ability of the Russian civil shipbuilding industry in the domestic and international markets, it is necessary to introduce leading-edge technological innovations, including innovations concerning the accumulation and processing of data that ensure effective managerial decisions. Purpose. The purpose of our study was to develop methodological approaches to the design and introduction of a net-centric information management system at civil shipbuilding enterprises aimed at increasing the effectiveness of price formation. Methodology. The article considers the processes of the digital transformation of the Russian civil shipbuilding industry using the following scientific methods: analysis, synthesis, formalisation and finalizing, composition and decomposition, verification, and expert evaluation. Results. The study demonstrated that the digitalisation of the design, construction, and manufacturing processes is the key factor improving the performance of civil shipbuilding enterprises. It helps to ensure the required growth rate of production. Modern digital net-centric information management systems can significantly optimise the processes for the design, transfer, and approval of the cost calculations for a particular project between the customer, the project engineer, and the contractor. The article presents the key principles for the design of net-centric information management systems at civil shipbuilding enterprises (scalability, reliability, adaptability, and data unification). It also suggests the tools for their implementation, in particular a local module for the calculation of the production cost of a standard waterborne vessel. Conclusions. The digitalisation and automation of calculations based on net-centric information management systems allow for the orderly transmission of data flows, which, being processed and thoroughly analysed, serve as the basis for effective managerial decisions.

scholarly journals Key stages of financial strategy development for construction enterprises

2019 ◽  
pp. 221-228
Author(s):  
Yulia Yurchenko
Keyword(s):  
Strategic Management ◽  
Asset Management ◽  
Financial Risk ◽  
Financial Analysis ◽  
Theory And Practice ◽  
Strategy Development ◽  
Financial Strategy ◽  
Construction Enterprises ◽  
Value Based Management ◽  
Definition Of

The subject of the study covers theoretical, methodological and practical aspects of strategic management of financial activity of construction enterprises. The purpose of the work is to determine the theoretical and methodological provisions and to substantiate the practical recommendations for the development of financial strategy of construction enterprises including definition of the sequence of stages and their essence from a methodological point of view. Method or methodology of work. The theoretical and methodological basis of the research includes general scientific (dialectic, structural and functional methods) and special methods of cognition of the studied economic phenomena and processes. Result of work. The article presents the essential characteristics of the financial strategy of construction enterprises, its features, structural elements and the course of its development and implementation stages. The paper describes and proposed areas in which it is necessary to develop a financial strategy for construction enterprises. Areas of results application. The results of the study can be used in the theory and practice of strategic management of construction enterprises in the process of developing and implementing their financial strategy. Conclusions. The financial strategy development is a long and complicated process covering the following stages: analysis of the strategic financial position of the construction enterprise, including financial analysis of external and internal environment; definition of the strategic financial goals; financial strategy development in the following areas value-based management, accounting, asset management, cash flow management, credit policy, investment policy, financial risk management, dividend policy; financial strategy implementation and monitoring.

scholarly journals Modern aspects of innovative development of construction companies

2021 ◽  
Vol 2 (47) ◽  
pp. 40-47
Author(s):  
I.О. Shaposhnikova
Keyword(s):  
Construction Industry ◽  
Economic Assessment ◽  
Innovative Activity ◽  
Innovative Development ◽  
Construction Enterprise ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Industrial Enterprises ◽  
The Impact

The article is devoted to the analysis of modern aspects of innovative activities of construction companies. The problems of introducing innovations, which construction enterprises are faced with today, have been investigated; the impact of the identified problems on the activities of enterprises in the construction industry is noted; attention is paid to the organization of activities, management methods, search for sources of funding for innovations and assessment of the effectiveness of their implementation. The priorities for the further development of enterprises in the construction industry and the main strategic steps in the implementation of innovations have been determined. Attention is focused on the need to introduce innovations into the activities of the enterprise to ensure stable competitiveness. It is noted that among the methods of effective management of innovations, it is necessary to focus on those that will allow the construction company to improve its competitive position in the market. The advantages of introducing innovations into the activities of construction enterprises are analyzed. The main directions of innovative development in the construction industry and the types of innovations in terms of functional orientation have been determined. It is proposed to develop projects for innovative development of enterprises, taking into account the latest world developments in the construction industry. The necessity of conducting economic assessment and risks when introducing innovations has been substantiated. The specified sources of financing for innovative projects, both state and at the enterprise level. The sources of financing the innovative activity of industrial enterprises for five years, as well as the number of applications for utility models in the direction of "construction" are analyzed. The main methods of organizing the innovative activity of a construction enterprise are considered. The sequence of actions for the implementation of innovative development in the activities of construction enterprises has been determined. The main risk factors that enterprises face when introducing innovations into their activities have been identified. The main principles of the risk management system for the innovative development of the enterprise have been determined, should be aimed at mitigating the impact of risks on the final results of the enterprise.

Problem Analysis and Countermeasures of the Construction Enterprises in the Green Construction

2013 ◽  
Vol 291-294 ◽  
pp. 1016-1020
Author(s):  
Jia Sheng Jin
Keyword(s):  
Construction Industry ◽  
Economic Benefits ◽  
Problem Analysis ◽  
Construction Work ◽  
Construction Enterprise ◽  
Construction Enterprises ◽  
Green Construction ◽  
The Subject ◽  
Countermeasures And Suggestions ◽  
Relative Concept

Green construction is a relative concept, development, become the subject of the relevant departments of the State and enterprises need to seriously consider building green construction to carry out construction work in sustainable development boom. This paper describes the construction enterprise green construction; analysis learned difficult to implement green construction, mainly in four areas, namely the lack of awareness of green construction, current management mechanism is not perfect, irrational development of the construction industry as well as economic benefits can not be is embodied, and for these reasons put forward countermeasures and suggestions to expedite the implementation of green construction in the construction work carried out.

scholarly journals Methodological approaches to the assessment of capitalization of construction enterprises

2018 ◽  
Vol 170 ◽  
pp. 01096 ◽  
Author(s):  
Inessa Lukmanova ◽  
Andrey Chizhik ◽  
Alexander Fadeev ◽  
Yaroslav Lavrinenko ◽  
Elena Sharapova
Keyword(s):  
Construction Industry ◽  
Key Factors ◽  
Internal Factors ◽  
Construction Enterprises ◽  
Theoretical Approaches ◽  
Strategy Map ◽  
Methodological Approaches ◽  
The Creation ◽  
High Level ◽  
Financial Mechanism

The paper is devoted to the study of methodological approaches to the assessment of capitalization of construction enterprises. The main objective of the study is the development of a strategy map of the enterprise, focused on the growth of its capitalization. The analysis of typology of capitalization mechanisms of companies is presented; author's recommendations on the arrangement of the financial mechanism of the company's fundamental capitalization are given. Theoretical approaches are considered and the influence of external and internal factors on the process of increasing the value of enterprises of the construction industry is determined. The mechanisms of capitalization are revealed and systematized due to the analysis of expansion of construction enterprises. The developed strategy map allows us to graphically identify the key factors that influence the creation of a high level of capitalization.

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