Model for assessment of the financial security level of the enterprise based of the desirability scale

Hryhoruk, Pavlo; Хрущ, Ніла; Grygoruk, Svitlana

doi:10.1051/shsconf/20196503005

Cited by 19 publications

(17 citation statements)

References 7 publications

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“…The way of normalization depends on the origins of the initial indicators and their range of values. If the simple has a boundary or normative values limiting the growth of their positive quality, we may use the approach given in [18]. 5) Designing a composite index using the following four-step procedure.…”

Section: Problem Description and Methodologymentioning

confidence: 99%

Assessment model of regions’ economy in the context of their sustainable development

2020

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Currently realizing the new active role of the region as a sustainable development entity is a strategic direction for regional policy's development. Assessing the sustainable development of regions is an important part of such a policy and facilitates the timely identification of internal and external threats, the development of the necessary stabilization measures to prevent their negative impact, and the formation of strategies aimed at the sustainable functioning of regional systems. The economic system is an important subsystem of the region. The article proposes an approach to assess the level of regions economic development in the context of ensuring its sustainable development. It is based on comprehensive assessment technology. The sustainable economic development composite index is calculated by a weighted additive convolution of partial indicators. A feature of the proposed approach is the simultaneous use of both metric and nonmetric indicators. The metric component is used to calculate the composite index values. Weight coefficients are calculated by the principal component method using the factor loadings of the first principal component. The non-metric part of the initial data is used to refine these weights. The article describes the algorithm for calculating a composite index. The practical testing of the proposed approach is presented for the case Ukraine's regions. The results lead to the conclusion about significant problems in ensuring sustainable development of the regional economy. Outcomes obtained are very helpful for the public administration bodies to develop and revise the appropriate policy for solving the sustainable development problems in each region.

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Section: Problem Description and Methodologymentioning

confidence: 99%

Assessment model of regions’ economy in the context of their sustainable development

2020

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“…Typically, this procedure is based on the selected sample taking into account the maximal and minimal values for each indicator. But in the presence of normative or recommended values of indicators, you can use the procedure outlined in [22]. In the third stage, the partial composite indexes for each group are calculated and the grouping the set of banks studied in the space of new scales is carried out.…”

Section: Methodsmentioning

confidence: 99%

Assessing Bank Financial Security Level Using the Comprehensive Index Technology

Хрущ¹,

Hryhoruk²,

Prystupa³

et al. 2019

Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2

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The paper is devoted to issues of assessment of the bank financial security level. The analysis of existing approaches to the solution of this problem has been carried out. The scientific-methodological approach based on the use of comprehensive index technology is proposed. The calculating algorithm is presented in the form of a four-step procedure, which contains the definition of the initial set of data, their normalization, the calculation of the comprehensive index of financial security and results interpretation. The identification of financial security levels and the boundaries of the corresponding comprehensive index is carried out on the basis of analysis of the objects' configuration in the two-scale space of partial composite indexes. It constructed by the division of the set of initial indicators using the its content characteristics. The grouping results are matched with similar results are obtained by cluster analysis and the method of the principal components. The article presents the practical implementation of the proposed calculation procedure. For this purpose, a training sample of banks and a set of initial indicators was formed. The obtained results allowed to determine the number of levels of financial security and their boundaries. The financial security levels established for the analyzed banks as a result of the calculations are conditional and determined by the sample.

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“…Antisipative management, which is based on the technology of determining and monitoring changes in the level of weak signals, solves complex problems associated with uncertainty and lack of reliable information about changes in the external and internal environment of enterprises. At the present stage of development, the theoretical foundations of antisipative management are insufficiently covered in the scientific literature, and practical experience of its use at enterprises has not yet accumulated, therefore it is advisable to reveal the essence of antisipative management, highlight its characteristic features and substantiate the role in the process of ensuring the economic security of an enterprise as a necessary condition for maintaining its vitality (Hryhoruk et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Practical Aspects of the Use of Antisipative Management in the Process of Ensuring the Economic Security of an Enterprise

Shtangret

Topalova

Polovcev

et al. 2021

Business: Theory and Practice

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Operating in an unstable market economy environment, enterprises can achieve success in business, provided that a system of economic security is created, focused on predicting possible changes in the internal and external environment using measures. As the speed of changes in the external environment increases, it becomes more and more difficult to predict with a sufficient degree of accuracy the nature of changes, which would allow security actors to respond to them in a timely manner and with the most rational use of available resources. Early identification of a possible change in the level of economic security of an enterprise increases the reaction time to it. However, with the increase in the frequency of possible sudden changes, the degree of their predictability decreases. This means that until the moment of obtaining information sufficient for thoughtful measures, there is a shortage of time for their implementation, which can lead to the realisation of a certain threat in the form of losses or lead to the loss of a profitable economic opportunity. The main purpose of the article is to consider the essence of weak signals, to characterise the process of identifying weak signals, to formulate methodological foundations for the use of antisipative management, to determine the differences between antisipative management and adaptive and anti-crisis management in relation to the process of ensuring the economic security of an enterprise.

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Model for assessment of the financial security level of the enterprise based of the desirability scale

Cited by 19 publications

References 7 publications

Assessment model of regions’ economy in the context of their sustainable development

Assessment model of regions’ economy in the context of their sustainable development

Assessing Bank Financial Security Level Using the Comprehensive Index Technology

Practical Aspects of the Use of Antisipative Management in the Process of Ensuring the Economic Security of an Enterprise

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