Финансовый менеджмент Введение Управление оборотными средствами предприятия включает в себя управление объемами оборотных средств и управление источниками их покрытия. Обычно рассматриваются три стратегии управления оборотными средствами: агрессивная, консерватив-ная и умеренная. Необходимо отметить, что в экономической литературе существует некоторая несогласованность в использовании этих названий [1-3]. Авторы настоящей работы придерживаются точки зрения Джеймса К. Ван Хорна [4], который считает «консерватизм» залогом ликвидности и консервативной признает такую модель управления, которая

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Evaluation of effi ciency of exploiting capital is an important part of a company’s economic activity. A reasonably formed system for monitoring effi ciency of exploiting the capital will provide the company with appropriate basis for managerial decision-making such as adjustment of scale and structure of investment and choice of sources of capital. When considering measures aimed at eliminating negative phenomena influencing the efficiency of exploiting business capital it is essential to use a complex of various analysis patterns to make perfect managerial decisions. The authors examine a complex of individual indicators which to their mind are essential to be used in analyzing efficiency of exploiting business capital in coal and mineral industry of Vietnam. The calculations revealed that a number of individual indicators which characterize efficiency of exploiting business capital for particular enterprises within the corporation of coal and mineral industry of Vietnam were significantly different from the average and showed considerable fluctuation. Therefore, development of measures to eliminate negative phenomena influencing the efficiency of exploiting business capital should include calculating both individual indicators and a generalized indicator (the evaluation vector) which could be used to study the character of their fluctuation as well as the values of the parameters under consideration.

Energy sector is considered to be the basis for economy’s growth, improvement of the population’s life quality, maintenance of energy security of the country. However, the activities of some enterprises of the fuel and energy complex have a negative impact on the environment. The problems of geoecology in the field of fuel and energy require close attention. In this article, by the example of coal industry, gives an evaluation of effects industrial enterprises on the environment. Based on the analysis of official statistical sources, the key trends in this area are highlighted. The strategic solution to the environmental problem in the coal industry, according to the authors, is the creation of energy technology and coal-chemical clusters. Geoecology management information systems should be developed for each cluster. The simplest structure of these systems is given in this paper. The next stage of the study should be to set and solve the problem of optimizing the functioning of each cluster and calculate rating estimations.