Algorithm of Financial Risk Management of the Enterprise

Abstract

The article proposes an algorithm for managing the financial risks of an enterprise, which allows for a multivariate analysis of the development of a risk situation and an assessment of the feasibility of management measures. A model of the formation of an attribute space for diagnosing the financial condition of an enterprise has been developed, which allows obtaining a system of representative indicators characterizing the financial condition of an enterprise. A model for assessing the degree of financial risk has been built, which allows identifying the degree of financial risk based on changes in the financial condition of an enterprise. As a result of developing a model for choosing anti-risk measures, a set of actions was obtained to eliminate the consequences of financial risks, and their feasibility was assessed. A set of scenarios for the development of a risk situation at an enterprise has been built, which reduce the impact of financial risks in all areas of the enterprise. The constructed model allows, on the basis of multivariate scenario forecasts, to select anti-risk measures that can reduce the impact of financial risks. The assessment of the feasibility of implementing these measures has been carried out.