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Strategic decisions and risk management

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Vol 10, No 1 (2019)
View or download the full issue PDF (Russian)
https://doi.org/10.17747/2618-947X-2019-1

Статьи

8-19 4129
Abstract

The growth of indebtedness of industrial enterprises operating in conditions of economic instability for consumed electricity and the sanctions imposed by the energy supplying organizations for late payments, determine the urgency of the problem of managing the risks of non-payment for energy from industrial enterprises. The article is devoted to the description of the method developed by the authors for managing the risks of non-payment of industrial enterprises for consumed electricity, based on the principles of price-dependent electricity consumption. Based on the study of the mechanism of formation of the cost of electricity purchased by industrial enterprises in the wholesale and retail electricity markets, special methods were proposed to control each component of the cost of electricity: electrical energy, electrical power, electricity transmission services. It justifies the need to develop options for operating modes of industrial equipment, such as nominal load mode, load limiting mode, technological minimum load, in order to effectively implement and use price-dependent power consumption in crisis conditions.Modeling scenarios of price-dependent demand management for power consumption is made on the example of a machine-building enterprise and the calculation and component-wise analysis of the economic effect of price-dependent management and the factors influencing its formation are carried out. The developed method allows you to effectively manage the risks of non-payment of industrial enterprises for electricity, as well as minimize the risks of restricting the supply of electricity to industrial facilities and disruptions in the operation of industrial equipment.

20-26 8898
Abstract

The article discusses the introduction of digital traceability technologies in transport and logistics systems, examines the legal framework for digital labeling and traceability of goods, substantiates the platform management concept of transport and logistics systems. According to this concept, the focal point of the transport chain is not the logistics operator, but an integrated digital platform management of transport and cargo flows, uniting all participants and providing a high degree of s transparency and traceability through the supply chain, evaluated the efficiency of the transport and logistics systems based on extensive use of modern digital information and communication technologies, with which it is possible to control orders to carry out the planning, organization, monitoring and control throughout the delivery procedure of goods

28-35 5055
Abstract

Various business process optimization methods associated with industrial companies are reviewed, e.g. the processes of production planning, equipment and inventory maintenance as well as quality control. Case studies of Russian and foreign companies are provided. The author can conclude that digital technologies provide a significant advantage when implemented in an industrial production environment to the demands of Industry 4.0 technologies. The most promising technologies are identified for implementation with a purpose to optimize industrial business processes. According to the findings of the study, implementing econometric methods, creating a cloud infrastructure and adopting digital devices using Internet of things concepts can be named among the most efficient measures for business process optimization in production companies.

36-45 2873
Abstract

The article is devoted to the generalization and descriptive analysis of foreign market entry strategies used by Russian non-energy companies. According to the research results, in most cases, the companies use either the replication strategy of offering a standardized product in all countries, or a strategy of limited adaptation products by local business units to local conditions. In addition, the author assesses the impact of the liability of foreignness effect on internationalization process of Russian non-energy companies.

46-51 2217
Abstract

The aim of this research is to evaluate the proposed bids using impartial and entropy weights in a multi-criteria decision-making model. We use matrix data for hypothetical bidding involving nine criteria, with the presence of four domestic and two foreign contractors. Then, using cumulative entropy function, we estimate the entropy weights and use it in a multi-criteria decision-making model. The criteria of experience and knowledge in the field, good history and satisfaction in previous projects, financial and support capabilities, localization of the contractor, having the experience at the site of the project, availability and readiness of equipment and machines, the adequacy of technical staff, the work quality system, the efficient management and appropriate management system, creativity and innovation in similar tasks are the input variables of the decision model. After analyzing them, the proposals are prioritized through a multi-criteria decision-making model. The research findings include Shannon entropy and cumulative entropy-based weights for evaluation criteria and after applying the specific weight for the proposed quotation, the utility rate of each contractor is calculated. The results showed that the use of modified multi-dimensional decision-making method is more advantageous than traditional methods of evaluating bidding proposals in selecting the winner of a tender, and also using cumulative entropy weights in comparison with Shannon's leads to a more realistic choice of contractors.

52-57 2549
Abstract

Apattern of mutual independence of financial position of industrial companies and credit institutions was identified. The issues of development of industrial companies in difficult economic conditions, the causes and consequences of deterioration of credit institutions, the issues of control over the flow of funds from the real sector of the economy to the financial sector are studied as cause-effect relationships in development of industrial companies and the overall change in the macroeconomic environment.

58-69 4992
Abstract

In recent years, there has been a dynamic increase in injuries associated with winter slippery conditions on the streets of settlements. Injures directly affect the quality of life and costs of specific people, and indirectly – the economic performance of various organizations and foundations to which the injured is related. The costs and loss of profit of organizations, municipalities and the state, due to the winter injuries of the population are analyzed. To this end, an analysis of foreign and Russian studies and various aspects of injuries associated with a controlled cause, icing has been carried out. Developed tools and methods of calculation. The results of the paper indicate that injuries derived from winter slipperiness can has a substantial negative effect on a region’s economy by decreasing it GDP by more than 0.1%. In conclusion the authors stress the importance of enhancing the current statistical monitoring system in Russia to help prevent winter related injuries and implement efficient methodsof preventing road icing to minimize the negative economic impact.

70-79 2159
Abstract

Adaptation of the best practices of the extensive and nationally specific European experience in the field of measurement of qualifications becomes particularly appropriate as there is some delay in the development of Russian scientific, practical and methodological approaches to the national qualifications framework. At the same time, the shortage of highly qualified personnel in the fast-growing tourist sector is becoming chronic, and the results of creating tourist clusters are ambiguous, with a large share of failures in the implementation of master plans for territorial tourism development. In this regard, the acceleration of the development of a structured measurement of qualifications in the form of a national qualifications framework becomes demanded not only to achieve greater maturity and effectiveness of the Russian educational and professional systems in the tourism sector, but also as a common institution for the strategic development of Russian destinations in training areas, technologies, competencies and the innovation potential of the tourism and hospitality industry. The projects of the European Commission ERASMUS+ are one of the effective network channels for the development of national and international expertise in structural measures to optimize educational systems, and in particular, to compare and develop systems, matrices frameworks for qualifications. The article represents an attempt to highlight how the implementation of a structured project in the field of qualifications can correspond both to general progressive trends in the evolution of educational systems and to the overall objectives of territorial tourist development. As a conceptual result, the authors identify six mid-term and six long-term effects of the developments of a national qualifications framework that directly and indirectly provide beneficial outcomes within the development of Russian destinations through improving the focus of retraining and advanced training programs, enhancing lifelong learning, promoting labor mobility in the tourism sector, successful validation of informal education, wider circulation of partial and intermediate qualifications in the tourism and hospitality industry. Adjacent to this issue is the problem of the relationship between the development of educational clusters in the tourism sector and the national qualifications framework, on the one hand, and tourism clusters, on the other, the consideration of which is also presented in this article.

80-87 2978
Abstract
The article is devoted to the study of the process of investing and planning innovative projects. A systematization of a variety of factors influencing business models and investment aspects of innovative investment projects in their stepwise (iterative) reflection is given. Specialattention is given to the classification of innovations, a matrix of types of innovations has been developed in the process of analysis. A conceptual framework for structuring innovation and investment activities has been proposed with the goal of generalized systematization of the stages and factors of structuring innovation and investment projects. The thesis on the systemic nature of open innovation is argued and principles for evaluating the effectiveness of innovative investment projects are proposed. In the course of the study, a model for the distribution of investment sources was developed, taking into account the planned rate of return.
88-97 4517
Abstract

Structural changes in the Russian economy contribute to the development of entrepreneurship, i.e. family entrepreneurship. This article analyzes the work of domestic and foreign scientists on the functioning and development of family business. The key factors of family business growth include development of family business culture, involvement of family members in management, ensuring business continuity, innovative development, and internationalization of business.



ISSN 2618-947X (Print)
ISSN 2618-9984 (Online)