scholarly journals CREATING ENTERPRISE FINANCIAL STABILITY CONTROL TOOL USING FUZZY LOGIC METHODS

2018 ◽  
pp. 131-138
Author(s):  
Alina Valerievna Bodnar
Keyword(s):  
Fuzzy Logic ◽  
Financial Stability ◽  
Fuzzy Inference ◽  
Business Environment ◽  
Stability Control ◽  
Financial Condition ◽  
Managerial Decisions ◽  
Modern Business ◽  
On Line ◽  
Integral Indicator

In the current economic and political situation the existing methods and models of analyzing and consolidating financial statements in the information architecture of an enterprise do not meet modern business environment criteria. The article presents a model built by using the fuzzy logic apparatus, managing the financial stability of the enterprises of the consolidated group using MATLAB toolkit and FuzzyLogic software package. The model is based on an integral indicator of the financial performance of the enterprise. The key performance indicators have been formed allowing to comprehensively assess the financial condition of the enterprise and the level of its financial stability. The presented indicators go through the stage of fuzzification, where eache factor is given a membership function, a decision and defuzzification stage, i.e. reduction of the resulting a fuzzy value to clarity. Application of Mamdani fuzzy inference algorithm allows to obtain a clear value of the integral indicator of the financial state of the enterprise. The obtained value allows to take on-line operational management decisions. The developed model has been applied to assess the financial state of “Metinvest Holding” enterprise, to identify its weak and strong sides, as well as to propose ways to improve its activities and possible options for taking managerial decisions. It has been inferred that fuzzy logic methods make it possible to analyze the financial stability of consolidated groups of companies under conditions of uncertainty, for example, in those cases when there is not any full-fledged statistics, or that non-financial data should be included in the number of investigated indicators. There have been used general scientific methods: generalization, abstraction, analogy, induction and deduction, a systematic approach and toolkit of fuzzy modeling to assess financial state of the enterprise and to manage its stability, as well as methods of scientific cognition.

scholarly journals THE EFFECTIVENESS OF ENSURING THE FINANCIAL STABILITY OF THE RESTAURANT BUSINESS IN THE CRISIS COVID-19

2020 ◽  
Author(s):  
Liudmyla Batchenko ◽  
◽  
Liliia Honchar ◽  
Andrii Beliak ◽  
◽  
...  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Hospitality Industry ◽  
Business Environment ◽  
Financial Indicators ◽  
Financial Condition ◽  
The Matrix ◽  
A Chain ◽  
Key Indicators ◽  
Enterprise Policy

The study identifies and systematizes key indicators and criteria for ensuring the financial stability of the restaurant business. The complex and thorough analysis of features of maintenance of financial stability of the enterprises of restaurant business on an example of one of restaurants of a chain of the Japanese kitchen of LLC «Sushiya» is carried out. After analyzing the key indicators of financial and economic activity of the restaurant, using the method of complex calculation of the rating of the financial condition of enterprises in the hospitality industry, the level of financial stability of the studied enterprise is determined. Based on the results of practice-oriented analysis, the ranking of financial management goals by the degree of impact on the financial stability of the enterprise. The mechanism of ensuring financial stability of restaurant business enterprises is modeled. The developed and substantiated mechanism is based on a unique methodology, which, unlike existing ones, is adapted to the field of hospitality, is carried out by specific tactical and strategic tools of financial management, based on the chosen type of enterprise policy; takes into account the dynamics of the main financial indicators of the enterprise, which is planned to implement the mechanism and the possible impact of factors of the external changing business environment. With the help of the matrix of financial strategies of J. Franchon and I. Romane, the position of the restaurant «Sushiya-Lavina» is determined and the methodological tools for improving the efficiency of its financial stability are substantiated.

scholarly journals Analyzing the Marketing Instruments in the Sphere of Innovative Entrepreneurship and Creative Industries in the City of Kharkiv

2020 ◽  
Vol 10 (513) ◽  
pp. 420-434
Author(s):  
M. S. Pasmor ◽  
◽  
S. V. Demchenko ◽  
D. V. Zaitseva ◽  
◽  
...  
Keyword(s):  
Rapid Development ◽  
Business Environment ◽  
Modern Human ◽  
Creative Industries ◽  
The Internet ◽  
Public Organization ◽  
The Public ◽  
Modern Business ◽  
On Line ◽  
The City

The topic of development and involvement of marketing instruments in business is relevant nowadays. In the era of the Internet, social networks and open information space, it is extremely important for companies and organizations to learn and implement new marketing instruments in order to utilize and fill the communication channels used by modern human in everyday life. Most marketing instruments, applied by the business environment before 2014–2016, are already becoming irrelevant due to the lack of feedback from the younger generation. From the off-line format, the interaction of business – buyer is increasingly moving to the on-line format. Thanks to the rapid development of digitalization in recent years, enterprises have received new channels of communication with their target audience, and, accordingly, new channels of communication and marketing instruments, which are covered in the publication. The article is aimed at theoretical studying the latest marketing instruments and analyzing their introduction into the creative industries of the city of Kharkiv. The latest marketing instruments are analyzed, examples of their use in the modern business environment of Ukraine are provided. Their adaptability is considered and recommendations for their use in commercial structures are made. Systematized and allocated are purely new marketing instruments used by business in the 21st century. The efficiency of their introduction into the activities of companies and organizations is substantiated and proved on specific examples. In addition, special attention is paid to the extended presentation of their use and disclosure of the essence on the example of the public organization «Kharkiv IT Cluster».

scholarly journals Risk Management in the System of Financial Stability of the Service Enterprise

2020 ◽  
Vol 13 (12) ◽  
pp. 300
Author(s):  
Svetlana Drobyazko ◽  
Anna Barwinska-Malajowicz ◽  
Boguslaw Slusarczyk ◽  
Olga Chubukova ◽  
Taliat Bielialov
Keyword(s):  
Program Implementation ◽  
Financial Stability ◽  
Service Sector ◽  
Structural Characteristics ◽  
Hotel Industry ◽  
Visual Interpretation ◽  
Theoretical Substantiation ◽  
Financial Condition ◽  
The Neural Network ◽  
Integral Indicator

The article is devoted to the theoretical substantiation and development of methodological approaches and practical recommendations for modeling the assessment of the financial stability of a service sector enterprise. To assess the financial condition of the hotel industry, a visual interpretation of the neural network, a model of self-organizing Kohonen map, was used. It is proven that by the method of Kohonen maps for each service provided by the hotel industry, in a certain period of activity, it is possible to establish certain objective limitations of structural characteristics that will prevent the transition to problem clusters or ensure the transition to better ones. The authors propose an economic and mathematical model of the process of assessing financial stability by calculating the integral indicator of financial stability of the service sector. The types of control maps for each of the coefficients that have a significant impact on the assessment of the financial stability of the enterprise in the service sector were identified. Control maps were constructed for each coefficient, which are part of the integrated indicator of financial stability, and their analysis was carried out for the presence of special reasons for the variability of the process of financial stability assessment. The concept of modeling a system for assessing the financial stability of service enterprises is developed in the article, which is based on the collection of financial data, a comprehensive analysis of factors influencing the financial condition, a study of the controllability of the process of assessing financial stability, building a model of an integral indicator of financial stability, and its program implementation.

scholarly journals Assessing the Operation Security of Trade Enterprises in the Modern Business Environment

2020 ◽  
Vol 12 (515) ◽  
pp. 454-460
Author(s):  
M. M. Mukhina ◽  
Keyword(s):  
Financial Stability ◽  
Business Environment ◽  
Stable Operation ◽  
Situational Analysis ◽  
Wear Coefficient ◽  
Diverse Range ◽  
Fixed Assets ◽  
The Matrix ◽  
Modern Business ◽  
Development Area

The article explores the features of assessing the operation security of trade enterprises in the modern business environment. It is proved that the combination of different methods of situational analysis, e. g. SWOT and PEST methods, allows expanding the external and internal factors under research, which can be taken into account within a diverse range of possible management recommendations. Monitoring of key factors of SWOT analysis allows to develop efficient anti-crisis management strategies that ensure the constant readiness of enterprises to the onset of a crisis, and to adjust them in accordance with changes in the external and internal environment. An improved approach to monitoring the internal and external environment of enterprises based on the integrated use of both SWOT and PEST analysis techniques allows timely detection of crisis situations with adjustment of development strategies. It is proved that precisely the innovative factor is dominant in shaping the trajectory of economic development of trade enterprises. This determines the possibility of moving to a qualitatively new level of development, which, in turn, requires conscious and purposeful management of financial security at the enterprise. The matrix of financial stability of the trade enterprises’ activities is constructed. Four areas of the matrix are distinguished: stable operation area; active development area; sustainable development area; unstable operation area. It is recommended to take into account in the areas of the matrix the wear coefficient of fixed assets, due to the eventual situation when the wear coefficient of fixed assets should be reduced to increase stability. This is suggested to be displayed using a vector directed towards the beginning of the coordinates.

scholarly journals Small and Medium Enterprises in the Russian Transaction Sector

2019 ◽  
Vol 10 (2) ◽  
pp. 166-181
Author(s):  
I. M. Gurova
Keyword(s):  
Financial Stability ◽  
Statistical Data ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Small Scale ◽  
Main Role ◽  
General Strategy ◽  
Financial Condition ◽  
Medium Enterprises ◽  
Transaction Sector

Purpose: to study the significance of small and medium enterprises for the functioning of the modern Russian transaction sector.Methods: the paper used General scientific research methods: analysis and synthesis, abstraction, generalization. The study used a comparative method and elements of economic analysis. The article also uses a graphical method of presenting information. The study was carried out on the basis of official statistical data provided by the Federal State Statistics Service of Russia.Results: to achieve this goal, the article solves the following tasks: 1) A review analysis of the current state of the domestic transaction sector based on the study of statistical data on the activities of Russian enterprises and organizations. This formed the basis for further research. 2) Analyzed indicators of small and medium enterprises in the transaction types of economic activity. This made it possible to identify their role in the functioning of the transaction sector. 3) Studied the statistical indicators of the financial condition of small and medium organizations of the transaction sector, which showed the problems of their activities.Conclusions and Relevance: currently, the transaction sector is a significant part of the domestic economy. This is evidenced by a General analysis of the statistical characteristics of the activities of Russian enterprises and organizations. At the same time, the majority of enterprises engaged in transactional activities have a private form of ownership. The study of the activities of small and medium enterprises showed that today more than half of them work in the transaction areas. In this regard, small and medium businesses can be considered an integral and very important part of the modern transaction sector. The flagship of the transactional activity in the business environment is small businesses. Their indicators significantly exceed the corresponding values of medium organizations. In addition, the main role of small enterprises is due to the immanent properties of small-scale companies. Nevertheless, the analysis of indicators of the financial condition of small and medium enterprises of transaction activities revealed their weak business and commercial efficiency, the presence of problems of solvency and financial stability. This threatens not only the viability of enterprises, but also the efficient functioning of the transactional sector. In this regard, there is a need to develop and conduct systemic activities aimed at supporting the development of Russian small and medium enterprises, as well as stimulating the development of the entire domestic transaction sector, consistent with the general strategy of economic development of Russia.

scholarly journals A model for analyzing the financial stability of banks in the VUCA-world conditions

2021 ◽  
Vol 16 (1) ◽  
pp. 182-194
Author(s):  
Svitlana Khalatur ◽  
Liudmyla Velychko ◽  
Olena Pavlenko ◽  
Oleksandr Karamushka ◽  
Mariia Huba
Keyword(s):  
Financial Stability ◽  
Business Environment ◽  
European Countries ◽  
Series Data ◽  
Regression Equations ◽  
Eastern European ◽  
Macroeconomic Indicators ◽  
Modern Business ◽  
Eastern European Countries ◽  
The Impact

VUСA is a chaotic and rapidly changing business environment that, based on the variability, uncertainty, complexity and ambiguity of the modern world, transforms the approach of banks to the analysis of financial stability. The aim of the paper is to improve tools for monitoring the impact of VUCA-world conditions on the financial stability of banks, namely a model for studying and analyzing the impact of the modern business space “VUCA” on the financial stability of the country's banks. To test the model, the method of constructing regression equations in multifactor regression analysis is used. For this study, data from some Eastern European countries (Ukraine, Belarus, Latvia, Lithuania, Moldova) were used, and time series data were used for 10 years from 2010 to 2019.Having considered the definition of “VUCA-world conditions”, the model of modern business space “VUCA” was developed when analyzing the activity of banks in the studied countries. Drivers, consequences, requirements and macroeconomic indicators of the countries’ activities in the VUСA-world conditions are determined. The VUCA-world conditions also consider the study of key macroeconomic indicators that allow building long-term relationships throughout the value chain. The analysis of the studied Eastern European countries showed that with the increase of factors of GDP growth, GNI per capita growth, research and development costs, foreign direct investment, and net inflow of 1%, the effective ratio of bank capital and assets also increases. The assessment, in contrast to the existing ones, makes it possible to consider the impact of the macroeconomic environment of banks on their financial stability.

scholarly journals Multicriteria optimization of oil and gas enterprises financial stability using the genetic algorithm method

2021 ◽  
Vol 107 ◽  
pp. 06005
Author(s):  
Marta Shkvaryliuk ◽  
Liliana Horal ◽  
Inesa Khvostina ◽  
Natalia Yashcheritsyna ◽  
Vira Shiyko
Keyword(s):  
Genetic Algorithm ◽  
Risk Management ◽  
Financial Stability ◽  
Oil And Gas ◽  
Financial Indicators ◽  
Management Efficiency ◽  
Financial Condition ◽  
Genetic Algorithm Method ◽  
Oil And Gas Companies ◽  
Integral Indicator

The article considers the problem of optimizing the financial condition of oil and gas companies. The offered methods of optimization of a financial condition by scientists from different countries are investigated. It is determined that the financial condition of the enterprise depends on the effectiveness of the risk management system of enterprises. It is proved that the enterprises of the oil and gas complex need to develop a system for risk management to ensure the appropriate financial condition. The financial condition is estimated according to the system of certain financial indicators, the integrated indicator of financial condition assessment is constructed using the method of taxonomy. According to the results of the calculation of the integrated indicator, it is concluded that this indicator does not have a stable trend. On the basis of the conducted researches it is offered to carry out optimization of an integral indicator of a financial condition with use of genetic algorithm in the Matlab environment. Based on the obtained results, recommendations of the management of the researched enterprises on increase of management efficiency are given.

scholarly journals INTEGRATED INDICATOR OF THE POSSIBILITY OF BANKRUPTCY OF CORPORATE ENTERPRISES

2017 ◽  
pp. 182-189
Author(s):  
Vasyl Goi
Keyword(s):  
Fuzzy Logic ◽  
Financial Stability ◽  
Qualitative Data ◽  
Statistical Data ◽  
General Knowledge ◽  
Future State ◽  
Expert Analysis ◽  
Probability Of Bankruptcy ◽  
Analytical Tools ◽  
Integral Indicator

Introduction. With the growth of the corporate sector of the economy, it is necessary to develop analytical tools, solve methodological and practical problems related to the analysis and monitoring of the probability of bankruptcy of corporate enterprises. Goal. The article aims to study the possibilities of using existing economic and mathematical models on the basis of the theory of fuzzy logic to investigate the probability of bankruptcy of corporate enterprises. Method (methodology). The works of leading domestic and foreign experts in the field of crisis management of enterprises, in particular, the diagnosis of the probability of bankruptcy have become the theoretical and methodological basis of the work. In the course of the study, general knowledge on economic analysis, structural and dynamic and expert analysis has been used. Results. The advantages and possibilities of the theory of fuzzy logic concerning the analysis of the probability of bankruptcy of enterprises have been revealed. The expediency of application of this economic and mathematical device for the analysis of financial stability and probability of bankruptcy of corporate enterprises has been substantiated. To characterize the probability of bankruptcy of corporate enterprises, it is suggested to use an integral indicator based on the theory of fuzzy logic. It is concluded that fuzzy logic methods allow analyzing the probability of bankruptcy of corporate enterprises under uncertainty, for example, in cases where statistical data for analysis are limited, or when qualitative data is to be included in the list of indicators under investigation. Models, which are built on basis of fuzzy logic, allow to analyze the current probability of bankruptcy of a corporate enterprise and to predict its future state.

scholarly journals Line Follower Robot Optimization based Fuzzy Logic Controller Using Membership Function Tuning

2018 ◽  
Vol 7 (2.2) ◽  
pp. 112
Author(s):  
Supriadi Supriadi ◽  
Ansar Rizal ◽  
Didi Susilo Budi Utomo ◽  
Agusma Wajiansyah
Keyword(s):  
Fuzzy Logic ◽  
Membership Function ◽  
Fuzzy Logic Controller ◽  
Pulse Width Modulation ◽  
Fuzzy Inference ◽  
Inference System ◽  
On Line ◽  
Input Variables ◽  
The Right ◽  
Triangular Membership Function

The study was aimed to measure the performance of Fuzzy Logic Controller (FLC) on Line Follower Robot (LFR). FLC output is a deviation value of Pulse Width Modulation (PWM) to determine the rotational speed of the left and the right wheel. As input variables are current and previous line sensors. Tuning was applied to input and output variables in each membership function (MF) to conduct the best performance. This study used triangular membership function that consists of three MF. Mamdani Fuzzy Inference System (FIS) is used using nine rules. The result obtains that after MF tuning, the performance of the LFR settling time is 0.63s faster compare to that without tuning.  

Development of On-line Integrated Stability Control System (ISC) for Long-distance Bulk Power Transmission

2013 ◽  
Vol 133 (4) ◽  
pp. 313-323 ◽  
Author(s):  
Kuniaki Anzai ◽  
Kimihiko Shimomura ◽  
Soshi Yoshiyama ◽  
Hiroyuki Taguchi ◽  
Masaru Takeishi ◽  
...  
Keyword(s):  
Control System ◽  
Power Transmission ◽  
Stability Control ◽  
Long Distance ◽  
Stability Control System ◽  
On Line ◽  
Bulk Power
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