| id: | 25825 |
|---|---|
| Title: | The modeling of production indicators for machine-building enterprise |
| Authors: | Bondar M., Kopniak K., Lishchynska L., Nikolina I.I. |
| Keywords: | corporate development, modeling, production function, correlation-regression analysis, forecast |
| Date of publication: | 2020-12-27 21:44:01 |
| Last changes: | 2020-12-27 21:44:01 |
| Year of publication: | 2017 |
| Summary: | The methodological issues of using production functions were considered. It was determined that for the enterprise the production function is the model that reflects the process of production in the most concentrated form, taking into account special aspects of economic mechanism and the technology of the company. It was generalized that the equation of the production function helps to show up both isolated and combined impact of individual factors on the studied indexes. Due to including the primary factors to the production model it becomes possible to develop the production reserves. It was systematized that it is necessary to evaluate the adequacy of logical and statistical equations in order to reflect the reality. The requirement to check the logical and statistical adequacy equation can be explained by the unity of quantitative and qualitative descriptions of the studied object. It was studied that the criterion of choosing a particular equation, except standard econometric approaches, may be research hypothesis, the procedure of evaluation model parameters, characteristics of the studied manufacturing process, available output data for model building, practical model usage etc. By means of modern software the production functions, based on real data, for machine-building enterprise were made and it was offered to use these production functions for analysis. A factor analysis based on the production functions was carried out. It was demonstrated that the usage of production functions in economic research allows to find such techno-economic and financial indicators as productivity or efficiency, returns on assets, prime cost of production, profitability, implement factor analysis and forecasting that promotes ways for business development. It was proved that the development and improvement of methods of economic analysis and forecasting on the basis of the production function and strengthening predictive management functions must be crucial for the company management. |
| URI: | http://sel.vtei.edu.ua/card.php?id=25825 |
| Publication type: | Монографія (видана за кордоном) |
| Publication: | Competitive ability of business organizations: estimation methods and enhancement strategies : сollective monograph. Melbourne, Australia : Thorpe-Bowker, 2017. Р. 13-26 |
| In the collections: | Монографії/ Видання інших установ/ |
| Published by: | Адміністратор |
| File : 25825.pdf Size : 370026 byte Format : Adobe PDF Access : For all | |
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