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RISK MANAGEMENT OF THE SMALL ENTERPRISE ON BASIS OF SYSTEM CHARACTERISTICS


Small enterprise is a complex economic system, functioning in a market environment for part-consistency goals and interests of undertakings for incompleteness, asymmetry and distortion of late receipt of information. Small enterprise is more vulnerable to unfavorable factors. Therefore, the risk management of small enterprises necessitates the use of new conceptual approaches, which include the concept of system characteristics.

The article is devoted to the creation of the concept of risk management of a small enterprise based on system characteristics of economic decisions. Under the system characteristics solutions are understood in the economic category, reflecting the peculiarities of perception subjects of decision-making conditions and by the implementation of decisions by objectively existing uncertainty and conflict, inherent process of goal-setting and management. The main system characteristics îf decisions are considered efficiency, risk and maneuverability. During economic efficiency decisions means the expected economic results from the implementation of economic decisions. At the risk of economic decision means some degree of reality getting unwanted outcome as a result of the decision, including its failure to achieve expected (acceptable) performance. During maneuverability economic decision refers to the degree of ability of the system to correct a decision after its implementation.

As an indicator of the efficiency of the decision seen the value of expected profitability relative to the initial volume of fixed assets. As an indicator of risk considered decision probability that the actual return will be negative, or the likelihood that the relative actual return will be less than some specified value. The ability to adjust management decisions determined by its maneuverability. Differ maneuverability left-sided (toward compression) and hand (in the direction of extension). In the left-hand maneuverability understood measure of the ability of the system to reduce the planned volumes after the beginning of the decision, as Right under the system’s ability to increase the planned production volumes.

In the article the complex mathematical models of the dynamics of small enterprises and evaluating its system characteristics for use in managing enterprise risk.



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Keywords:  small enterprise risk management, modeling, system characteristics, efficiency, risk, maneuverability, elasticity.

RISK MANAGEMENT

Piskunova Olena
Doctor in Economó, Professor of the department of economic and mathematical modeling

Savina Svitlana
PhD, Associate Professor, SHEI «Kyiv National Economic University named after Vadym Hetman»

 

 

 

 

 

 

 

 

 

 

 

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