The methodological approach to monitoring of the economic and functional state of innovation-oriented machinery engineering enterprises at the modern technological modes

Гавриш, Олег Анатолійович; Boiarynova, Кateryna

doi:10.21003/ea.v164-15

Cited by 7 publications

(7 citation statements)

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“…Formula (1) is based on the mathematical apparatus (Jerina & Vastchajev, 1999), the approach was partially used in the study (Gavrysh & Boiarynova, 2017).…”

Section: Methodsmentioning

confidence: 99%

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Economic and management approach to defining effective projects for enterprise development under risks and uncertainty

Boiarynova

Kopishynska

Hryhorska³

2019

Problems and Perspectives in Management

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Enterprise development is dependent on the implementation of projects that contribute to improving economic performance. Considering this the need to apply the economic and management approach to the definition of effective projects under risks of reduced enterprise profitability due to the uncertain economic environment is justified. The study used scientific abstraction, formalization, causal relationship, time series analysis, variational range-based standardization, parameter minimization according to maximum and minimum values. The approach is created to evaluate the profitability dynamics of the production, management and finance subsystems of the enterprise, to monitor the deviations in the established corridor of their sufficient levels, to systematically control for the dynamics of the enterprise development to form the effective project portfolio, as well as to manage the risk reduction for projects that are inappropriate for development. The approach approbation, using Ukrainian machine-building enterprises as an example, has found enterprises with the level of development dynamics lower than the corridor determined. This indicates the risks of implementing inefficient projects and the need for systematic adjustment of their portfolio. The enterprises whose business operations belong to the fourth technological paradigm should implement projects to increase the profitability of the production and management subsystems, and those from the fifth paradigm should execute projects for the rise in the finance subsystem profitability.

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“…Formula (1) is based on the mathematical apparatus (Jerina & Vastchajev, 1999), the approach was partially used in the study (Gavrysh & Boiarynova, 2017).…”

Section: Methodsmentioning

confidence: 99%

“…The result getting in such a corridor is considered sufficient achieved effect from the projects in the current period of the enterprise operation. Formula 5is based on a mathematical apparatus (Beliakov et al, 2007); the method was partially used in the study (Gavrysh & Boiarynova, 2017).…”

Section: Profitabilitymentioning

confidence: 99%

Economic and management approach to defining effective projects for enterprise development under risks and uncertainty

Boiarynova

Kopishynska

Hryhorska³

2019

Problems and Perspectives in Management

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“…The methodological approach to monitoring of the economic and functional state of innovation-oriented machinery engineering enterprises at the modern technological modes (Gavrysh and Boiarynova 2017) original To develop a methodology for monitoring and evaluating the progress and success of innovative machine-engineering projects.…”

Section: Mechanisms For Forming It-clusters As "Growth Poles" In Regimentioning

confidence: 99%

Consequences of Industry 4.0 in Business and Economics

et al. 2018

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Abstract:The introduction of information technology into all aspects of our lives has brought forth qualitative and quantitative changes on such a large scale that this process has come to be known as the Fourth Industrial Revolution, or Industry 4.0. The aim of this paper is to fill in the gaps and provide an overview of studies dealing with Industry 4.0 from the business and economic perspectives. A scoping review is performed regarding business, microeconomic and macroeconomic economic problems. Four investigators performed a literature search of the Web of Science, Scopus, and Science Direct. The selected period spanned from 2014 to 2018, and the following keywords were used for the search: Industry 4.0, economics, economic development, production economics, and financial sector. A total of 2275 results were returned. In all, 67 full papers were screened. Results obtained from the relevant studies were, furthermore, divided into the following categories: work and skills development; economy growth and macroeconomic aspect; sustainability; intelligent manufacturing; policy; and change in business processes. Findings show that the aspects of work and skills development, smart technology adoption, intelligent manufacturing, and digitalization are very well described. The government and its policies usually play the role of a needed supportive element. Usually studies lack a coherent view of the topic in question and solve partial questions.

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“…The scientific basis of the theory of development and, in particular, the theory of innovative development is laid in the works of many domestic and foreign scientists, including M. Kondratieff (long wave theory) (Kondratieff, 2003), J. D. Bernal, G. Mensha (technological stalemate), A. Kleiknecht, S. Kuznets, B. Twiss, С. Freeman, J. Clark, L. Soete (Freeman, Clark, Soete, 1982), N. Nelson (the concept of the national innovation system), L. Leidesdorf (triple helix theory). In this direction it should be noted the works of J. Schumpeter (theory of economic development) (Schumpete, 1934), P. Drucker (theory of innovative economics of entrepreneurial type) (Drucker, 1993), who explored the entrepreneurial approach to development as an activator of innovation processes; discrete development on an innovative basis over time; the primacy of innovation compared to other activators of development, which form not only innovation but also business potential and develop new forms of business.…”

Section: Introductionmentioning

confidence: 99%

Scientific Approach to Determining the Vectors of Innovative Development of Industrial Enterprises

Дунська

Boiarynova

Kravchenko

2021

BJES

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The purpose of the paper is to form a scientific and methodological approach to determining the vectors of innovative development of industrial enterprises as a tool for establishing the trajectory of innovation in terms of development of innovation potential and environmental impact. Correlation analysis of these factors as indicators of external (external environment of the enterprise) and internal (innovative potential) environment based on the nature and direction of influences allows to establish the vector of development, and the construction of a forecast model of economic results confirms its correctness. Methodology. The research used its own methodological developments, correlation analysis, formed the parameters of the external environment, innovation potential, the results of enterprises. The approach was tested at the enterprises of the pulp and paper industry of Ukraine, which proved its effectiveness and efficiency. Results. The ideology of the proposed approach on the combination of organizational and managerial aspects of innovative development with economic indicators is formed and substantiated. The types of target innovation orientation of the enterprise, which is formed into a bipolar matrix, are determined. Based on the corresponding trajectory of the transition between the components of the matrix, three key vectors of development are formed: innovation-adaptive, innovation-balanced, innovation-concentrated. Practical implications. On the example of enterprises of the pulp and paper industry their vectors of development, forecast indicators of profit and sales revenues as an economic effect of following the vector direction and the trajectory of innovation are designed. Value/originality. The developed scientific and methodological approach involves the establishment of the vector of innovative development of the enterprise on the interdependence of innovation potential and the nature of the impact of the external environment, which provides an opportunity to predict the results of its operation.

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The methodological approach to monitoring of the economic and functional state of innovation-oriented machinery engineering enterprises at the modern technological modes

Cited by 7 publications

References 1 publication

Economic and management approach to defining effective projects for enterprise development under risks and uncertainty

Economic and management approach to defining effective projects for enterprise development under risks and uncertainty

Consequences of Industry 4.0 in Business and Economics

Scientific Approach to Determining the Vectors of Innovative Development of Industrial Enterprises

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