The Use of Index Approach for Enterprise Energy Strategy Formation

Melnik, Alexander; Lukishina, L. V.

doi:10.5901/mjss.2014.v5n18p289

Cited by 6 publications

(3 citation statements)

References 7 publications

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“…It is worth noting that separation of energy cost as a factor calling for an independent analysis is caused by the fact that high energy intensity of the production complexes operated by the Russian enterprises making part of the petrochemical clusters is the major constraint on improvement of their competitive ability in the world market (Melnik and Lukishina, 2014;Sadriev, 2014;Melnik and Dyrdonova, 2015). It should be pointed out that PJSC Nizhnekamskneftekhim (NKNK) is the biggest energy consumer compared to other enterprises operating in the petrochemical sector of the Republic of Tatarstan, with NKNK consumption rates reaching 10 % of electric power and 30 % of thermal energy generated by the overall power grid of the region.…”

Section: Methodsmentioning

confidence: 99%

Application of Operational Analysis for Evaluation of the Impact of Different Factors on Performance Efficiency of the Enterprises Forming the Regional Industrial Cluster

Melnik¹,

Dyrdonova²

2015

MJSS

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Budgets of different levels are mainly formed by performance of the enterprises making part of various industrial clusters, including, first of all, the regional industrial clusters having a decisive impact on social and cultural development of the particular region. So it is no wonder that performance efficiency of such enterprises is scrutinized by the regional management bodies. Improvement of performance efficiency of the enterprises involved in the regional clusters is dependent on quite a few external and internal factors. This paper includes a review of the methodological approach designed for evaluation of the effect produced by such factors on performance of the enterprises making part of the industrial cluster of the particular region, which could be used for mapping out a development strategy for such enterprises, for planning their current and future business activities, as well as for identification of possible effects of decision-making process taking place at a management level. Practical aspects of the scope of application of the proposed methodological approach have been reviewed, which are accommodated to the business environment in which the enterprises making part of one of the largest regional petrochemical clusters in Russia operate.

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Section: Methodsmentioning

confidence: 99%

Application of Operational Analysis for Evaluation of the Impact of Different Factors on Performance Efficiency of the Enterprises Forming the Regional Industrial Cluster

Melnik¹,

Dyrdonova²

2015

MJSS

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“…These indicators allow assessment of performance efficiency of the organization as a whole, as well as evaluate profitability of separate areas of business activities (Melnik and Lukishina, 2014;Sadriev, 2014;Melnik and Dyrdonova, 2015). The system of profitability indices reflects the business performance in a better way than, for example, profit indicator because the profitability indices reflect the ratio between the achieved effect as compared to the consumed resources.…”

Section: Methodsmentioning

confidence: 99%

Enhancement of Performance of Infrastructural Assets Built through a Public and Private Partnership

Andreeva¹,

Dyrdonova²,

Girfanova³

et al. 2015

MJSS

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The paper covers the issues related to evaluation of efficiency of innovative development institutes that are set up through the public and private partnership. The paper offers a system of indicators applicable for quantitative and qualitative evaluation of efficiency of infrastructural assets built through a partnership between the government and businesses whilst accommodating the interests of each of the cooperating parties. The suggested methodology allows not only studying performance efficiency of these assets but carrying out a benchmarking assessment of a volume of investments to be made into infrastructural projects. On the basis of the outlined methodology, an efficiency study was carried out covering the regional innovative projects being implemented through the public and private partnership in the Republic of Tatarstan. The study findings helped reveal the problems related to taking advantages of the public and private partnership whilst identifying the ways how to eliminate such problems. The major problems include constraints on the range of possibilities of the public and private partnership, lack of a sound legal framework to regulate interaction of the involved parties

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“…At that the greatest possibilities are open to the companies entered the wholesale market. Market mechanisms being used may ensure the measurable benefits (Melnik & Lukishina, 2014). Firstly, this is the opportunity to purchase electricity and power under favorable market conditions at a lower price or sell it at a higher price.…”

mentioning

confidence: 99%

Energy Efficiency Improvement Ways in Industrial Clusters of the Region

Melnik¹,

Dyrdonova²

2015

MJSS

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Performance results of Companies in territorial and industrial clusters of Russia in many ways determine the different level budgeting, including in particular regional ones, dramatically influencing the development of the social and cultural sectors of the region. Therefore, it's no coincidence that their efficiency in performance is in the focused attention of regional administration authorities. A number of external and internal factors influence the operating efficiency of the companies in regional clusters. Recently, a particularly strong influence on the final results of their work has a constant rise in prices for energy resources, suppressing the growing competitiveness of the products in the world markets. The article analyzes the dynamics of changes in the main indicators characterizing the efficiency of energy use of the large industrial company, forming the core of the petrochemical cluster in one of the Russian regions. The factors with the greatest impact on improving production energy efficiency have been identified. The perspectives to reduce energy consumption in the conditions of electricity and power market liberalization have been reviewed. It is shown, that the adaptation of the companies' activity in regional clusters to the changes in macroeconomic conditions of economic entities functioning, predetermine the necessity to address a whole range of fundamentally new methodological problems, methodic and organizational strategies to build their behavior in competitive electrical power market.

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The Use of Index Approach for Enterprise Energy Strategy Formation

Cited by 6 publications

References 7 publications

Application of Operational Analysis for Evaluation of the Impact of Different Factors on Performance Efficiency of the Enterprises Forming the Regional Industrial Cluster

Application of Operational Analysis for Evaluation of the Impact of Different Factors on Performance Efficiency of the Enterprises Forming the Regional Industrial Cluster

Enhancement of Performance of Infrastructural Assets Built through a Public and Private Partnership

Energy Efficiency Improvement Ways in Industrial Clusters of the Region

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