Abstract. The article deals with an urgent problem of the Russian and global economic stability. The issues of management of the modern industrial enterprise in the conditions of variable economy are considered in this research. Also the article highlights the importance of evaluation of industrial enterprises in Russia nowadays. The management model of the industrial enterprise cost based on sustainability criteria is constructed. The author focuses on new approaches to mathematic modeling of business evaluation. The article contains graphs and charts related to performance of enterprise system and different business strategies based on economic sustainability. Relevant problems of management by means of business assessment for enterprises owners and top managers are defined. The aim of the article is to suggest measures for the Russian industry to manage the cost of enterprises and consequently, to make national economy management more effective.