scholarly journals Risk level assessment while organizational-managerial decision making in the condition of dynamic external environment

Author(s):  
Ye.I. Zaiats ◽  
T.S. Kravchunovska ◽  
V.V. Kovalov ◽  
O.V. Kirnos
2020 ◽  
Vol 22 (1) ◽  
pp. 36-43
Author(s):  
Oleksandr Litvinov ◽  

Introduction. Despite the crucial importance of intangible components in the activities of modern enterprises there is an increasing the urgency of the problem of development of methodical tools for making managerial decisions aimed at the development of intellectual capital. Herewith managerial decision-making procedure should include task setting, intellectual capital diagnostics, and formation of a set of possible and optimal management measures. Purpose. The article is devoted to the technology of managerial decision making on the development of intellectual capital, taking into account the requirements of their economic efficiency, and paretooptimality. Practical approbation of the proposed procedure on the example of domestic industrial enterprises is a separate task of the article. Results. The results of a comprehensive analysis of the internal and external environment of the enterprise, the analysis of the efficiency of intellectual capital reproduction were taken into account. The author`s technology of managerial decision-making on the development of intellectual capital development includes 6 stages. The first stage forms target marks and budget constraints that determine direction of managerial decisions for each of the components of intellectual capital. In the third stage a number of possible management decisions is formed, which is then checked for paretooptimality. In the fifth stage, optimal managerial decisions are selected in terms of investment intensity of increasing in the level of intellectual capital development. At the last stage, the degree of achieving management targets is checked, than, if necessary, changes are made. Conclusions. Developed technology provides consideration of the peculiarities of the internal and external environment, targets and investment opportunities of an enterprise, and also allows paretooptimal and effective managerial decision making.


2010 ◽  
Vol 56 (No. 5) ◽  
pp. 201-208 ◽  
Author(s):  
M. Beranová ◽  
D. Martinovičová

The costs functions are mentioned mostly in the relation to the Break-even Analysis where they are presented in the linear form. But there exist several different types and forms of cost functions. Fist of all, it is necessary to distinguish between the short-run and long-run cost function that are both very important tools of the managerial decision making even if each one is used on a different level of management. Also several methods of estimation of the cost function's parameters are elaborated in the literature. But all these methods are based on the past data taken from the financial accounting while the financial accounting is not able to separate the fixed and variable costs and it is also strongly adjusted to taxation in the many companies. As a tool of the managerial decision making support, the cost functions should provide a vision to the future where many factors of risk and uncertainty influence economic results. Consequently, these random factors should be considered in the construction of cost functions, especially in the long-run. In order to quantify the influences of these risks and uncertainties, the authors submit the application of the Bayesian Theorem.


2021 ◽  
Vol 119 ◽  
pp. 106730
Author(s):  
Tessa Haesevoets ◽  
David De Cremer ◽  
Kim Dierckx ◽  
Alain Van Hiel

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