SWS Academic Research eLibrarySocial Sciences & Art

Scholarly record

ESTIMATION OF COST EFFECTIVENESS ON THE MANAGEMENT SYSTEM OF AN INDUSTRIAL ENTERPRISE'S SUSTAINABILITY BASED ON FUZZY LOGIC

T. Khudyakova, A. Shmidt

First published: 2017https://doi.org/10.5593/sgemsocial2017/15/S05.048View metrics

Abstract

The article substantiates the necessity to take into account the uncertainty of the environment of the economic entity's operation while determining the cost effectiveness for implementing the system of controlling stability at an industrial enterprise. However, the use of well-known formulas of calculation of profitability, the total of which is calculated as the ratio of profit to cost, that caused the profit, in this case is not possible. This impossibility lies in the fact that industrial enterprise is operating under conditions of unavoidable uncertainty of the external environment. In this regard, all the indicators on the input and output of minieconomic systems are probabilistic in nature and cannot be uniquely determined. The use of the basic principles of fuzzy set theory to solve the problem. The result of the application of the proposed model efficiency can be estimated interval. The variability of the model parameters requires finding the probability of cost-effectiveness of the introduction of controlling system at the enterprise. Suggested in the article the algorithm of its estimation allows to quantify the impact of disturbances in the environment of functioning of enterprises on the efficiency of implementation of controlling.

Publication Impact Profile

Publication details

Title
ESTIMATION OF COST EFFECTIVENESS ON THE MANAGEMENT SYSTEM OF AN INDUSTRIAL ENTERPRISE'S SUSTAINABILITY BASED ON FUZZY LOGIC
Authors
T. Khudyakova, A. Shmidt
Proceedings
4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017
Publisher
STEF92 Technology
Year
2017
Pages
385-390
SWS Citekey
Khudyakova20175385390
ISSN
2367-5659
ISBN
978-619-7408-17-1
Language
en
Publication type
Proceedings Paper
Proceedings contents
Open official contents
Keywords
References7
  1. Khudyakova T.A., Shmidt A.V, Theoretical and Methodological Issues of Evaluating and Regulating Economic Sustainability of Industrial Enterprises, Innovation Management and Sustainable Economic Competitive Advantage: From Regional Development to Global Growth: Proceedings of The 26th International Business Information Management Association Conference, Spain, pp. 1617–1625, 2015.

  2. Korolev L.P., Evaluation of the effectiveness of controlling, Managerial Accounting, vol. 1, pp. 37-42, 2007.

  3. Dubois D., Prade H., Fuzzy real algebra: some results, Fuzzy Sets and Systems, vol. 4, pp. 327–348, 1978.

  4. Dubois D., Prade H., Fuzzy Sets and Systems, Academic Press, USA, 1980.

  5. Bellman R., Zade L., Decision-making under vague conditions, Analysis questions and decision-making procedures, Russia, 1976.

  6. Nedosekin O.A., Methodological bases of modeling financial activities using fuzzy-multiple descriptions, Russia, 2003

  7. Nedosekin O.A., Application of the theory of fuzzy sets to problems of financial management, Audit and financial analysis, vol. 2, pp. 10–13, 2000.

View or Download full articleAccess options
Full paper accessChoose SWS login, librarian support, or instant article download.

SWS access login

Login as SWS Scientific Committee

Authors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.

For librarian assistance: [email protected]

Purchase Instant Access

48-hour online accessComing soon
Online-only accessComing soon
Download the full article in PDF formatEUR 35
  • Article can be downloaded after successful payment.
  • Article may be used according to SWS library access terms.
  • Article cannot be redistributed.
Get full paper

Back to publication list

Connected events

SGEM WORLD SCIENCE Conferences

The SSA Library connects published research with the scientific events where it was presented, reviewed and prepared for long-term scholarly discovery.

SWS Social Sciences and Arts conference
SWS Social Sciences & Arts

Social Sciences and Arts & Humanities

The joint SGEM WORLD SCIENCE forum for Social Sciences and Arts & Humanities, bringing together research in society, culture, education, law, economics, humanities and the arts.

Visit sgemsocial.org
SWS Vienna When Science Meets Art
SWS Vienna - When Science Meets Art

Social Sciences, Science Meets Art

The Vienna platform for Social Sciences, interdisciplinary research and the dialogue between science, art, society and culture.

Visit sgemvienna.org
SWS Italy The Renaissance Reimagined
SWS Italy - The Renaissance Reimagined

Arts and Humanities, Renaissance Studies

The SGEM WORLD SCIENCE forum for Arts and Humanities in Italy, Florence and Bologna, focused on culture, history, heritage, literature, philosophy, art and humanistic research.

Visit sgemitaly.org

International Indexing & Global Visibility of Our Scientific Publications