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Assessment of Economic Sustainability of an Enterprise

Authors: Thierling, M.; Pluzhnikov, V.G.;

Assessment of Economic Sustainability of an Enterprise

Abstract

In a turbulent economy and increasing economic crises, the question of assessing the economic sustainability of a corporation is quite relevant and in demand in scientific research. At the same time, with a certain degree of conditionality, all works in this direction can be divided into two clusters: works based on traditional indicators of financial stability and ones using original scientific approaches to determining the economic condition of an enterprise. This article belongs to the works of the second cluster. The basis for assessing the economic sustainability of an enterprise is the economic and mathematical modelling of the operating activities of the enterprise based on the well-known Cobb – Douglas production function. A methodology is developed for constructing a mathematical model of the enterprise’s activity, for determining elasticity indicators of output according to the resources used in the production process and elasticity of production, on the basis of the dynamics of which an approach to assessing economic stability is proposed. The methodology was tested on the data of PJSC Chelyabinsk Tube Rolling Plant during the implementation of the innovation project “Height 239” . В условиях турбулентной экономики и участившихся экономических кризисов вопрос оценки экономической устойчивости корпорации является достаточно актуальным и востребованным в научных исследованиях. При этом с определенной долей условности все работы в этом направлении можно подразделить на два кластера: основанные на традиционных показателях финансовой устойчивости и работы, использующие оригинальные научные подходы к определению экономического состояния предприятия. Данная статья относится к работам второго кластера. В основу оценки экономической устойчивости предприятия положено экономико-математическое моделирование операционной деятельности предприятия на основе широко известной производственной функции Кобба – Дугласа. Разработана методика построения математической модели деятельности предприятия, определения показателей эластичности выпуска продукции по используемым в процессе производства ресурсам и эластичности производства, на основе динамики которого предложен подход к оценке экономической устойчивости. Методика была апробирована на данных ПАО ≪Челябинский трубопрокатный завод≫, при реализации инновационного проекта ≪Высота 239≫.

M. Thierling1, V.G. Pluzhnikov2 1Ludwig-Geissler-School, Hanau, Germany 2South Ural State University, Chelyabinsk, Russian Federation E-mails: manfreg@thierling-hanau.de, pvg@susu.ru. Манфред Тирлинг, доктор естественных наук, школа Людвиг-Гесcлер (г. Ханау, Германия), manfreg@thierling-hanau.de. Владимир Германович Плужников, кафедра ≪Информационные технологии в экономике≫, Южно-Уральский государственный университет (г. Челябинск, Российская Федерация), pvg@susu.ru.

We express our sincere gratitude to the Doctor of Economics, Professor Veniamin Gennadievich Mokhov, congratulate him on his seventieth birthday and wish him further scientific success.

Country
Russian Federation
Keywords

УДК 001.895, УДК 330.322.013, company, экономическая устойчивость, производственная функция, предприятие, production function, mathematical modelling, economic sustainability, математическое моделирование

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average
gold