Науковий вісник НГУ

Paradigm of marginal analysis of profits of enterprises with a multiple productive process

• 
• 

User Rating:  / 0

PoorBest 

Details

Category: Economy and Management

Last Updated on 07 January 2019

Published on 26 December 2018

Hits: 2985

Authors:

O.B.Chernega, Dr. Sc. (Econ.), Prof., orcid.org/0000-0002-8504-6299, Donetsk National University of Economics and Trade named after Mykhayilo Tugan-Baranovsky, Kryvyi Rih, Ukraine, е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; This email address is being protected from spambots. You need JavaScript enabled to view it.; kostakova@ donnuet.edu.ua

S.V.Voloshynа, Cand. Sc. (Econ.), Assoc. Prof., orcid.org/0000-0001-7148-6923, Donetsk National University of Economics and Trade named after Mykhayilo Tugan-Baranovsky, Kryvyi Rih, Ukraine, е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; This email address is being protected from spambots. You need JavaScript enabled to view it.; kostakova@ donnuet.edu.ua

L.D.Kostakova, orcid.org/0000-0002-8720-0528, Donetsk National University of Economics and Trade named after Mykhayilo Tugan-Baranovsky, Kryvyi Rih, Ukraine, е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; This email address is being protected from spambots. You need JavaScript enabled to view it.; kostakova@ donnuet.edu.ua

Abstract:

Purpose. Development of a conceptual theoretical-analytical model of marginal analysis of profits for operating procedures of industrial enterprises with a multiple productive process and variety of operation profit conditioned by it.

Methodology. The theoretical and methodological background of the research involves the contemporary marginal theory and its independent area – the marginal analysis, which is based on the “cost – volume – profit” concept (breakeven concept) as well as on historical and system-activity based approaches related to implementation of the fundamental principles of the marginal analysis while managing costs and profits, general scientific and special methods (those of analysis, synthesis, abstraction, comparison, and generalization used to define the role of profits in management processes; studying the main approaches to the analysis of an enterprise’s profits; drawing conclusions; theoretical and analytical modelling used to develop a model of the marginal analysis of profits, its formalization and specification of implementation conditions).

Findings. Management significance of business profits is revealed. Based on comparison of the basic approaches to the business unit profitability analysis, scientific voids of imperfection of marginal analysis methods were detected as well as the lack of the methods at enterprises with a multiple productive process. The developed production system scheme of an enterprise with a technology concept of business position and variety of the operation profits is taken as the basis of formation of the conceptual theoretical-analytical model of the marginal analysis. Conditions of promoting the marginal analysis among business units are determined. The theoretical model of the marginal analysis is formalized as industrial methodology, which is developed considering the specifics of activities of an iron ore mining and processing integrated plant. Classes of managerial decisions are defined, which can be implemented at enterprise structural units on the basis of the marginal analysis methodology.

Originality. It involves development of theoretical and methodological bases of the marginal analysis of profits based on developing the industrial methodology of conducting it at multiple production and elaboration of the new classes of managerial decisions for an enterprise’s structural units.

Practical value. Applied relevance of the research results involves formalization of the conceptual theoretical-analytical model as industrial methodology of the marginal analysis of profits, which affords ground for a wider user community, including mining and processing integrated plants, to increase efficiency of managing costs and profits.

References.

1. State Statistics Service of Ukraine [online]. Available at: <http://www.ukrstat.gov.ua> [Accessed 27 September 2017].

2. Overall results ‒ 2017: Ukrainian industry, 2017 [online]. Available at: <https://mind.ua/publications/ 20180265-pidsumki-2017-ukrayinska-promislovist> [Accessed 09 December 2017].

3. Blaug, М., 2009. 100 great economists before Keynes. Translated from English, A. A. Fofonov, ed. [pdf]. Available at: <http://www.library.fa.ru/files/Blaug-100.pdf> [Accessed 24 October 2017].

4. Surmai, D. D., Orlov, O. O. and Riasnykh, E. H., 2016. Marginal analysis of earnings growth reserves due to increasing volumes of selling production and decreasing production cost. Social-economic development of regions within international integration. Visnyk of Kherson National Technical University, 23(12), pp. 68‒71.

5. Navaneetha, B., Punitha, K., Rashmi, M.J. and Aish­wariyaa, T. Sai, 2017. An analysis of cost volume profit of Nestlé limited. International Journal of Commerce and Management Research, 3, pp. 66‒68.

6. Drury, K., 2015. Management and cost account. Translation form English. Moscow:UNITI-DANA.

7. Orlov, O. O., 2015. Planning prices, costs and profits under conditions of single-unit production. Herald of Khmelnytskyi National University, 2(2), pp. 7‒11.

8. Kostenko, O. M. and Kraievskyi, V. M., 2016. Marginal analysis in increasing efficiency of enterprises’ performance and improving management of its level. Accounting and Finance, 3, pp. 148‒152.

9. Myronova, Yu. Yu., 2016. Marginal approach to analysing production costs of machine engineering enterprises. Economics and Region, 3, pp. 132‒140.

10. Fedorkevych, A. V., 2016. The role of the marginal analysis in managing transport organisations’ performance. Ekononmichnyy analiz, 2(23), pp. 193‒198.

11. Herasymovych, A. M. and Mykhalska, O. L., 2015. Marginal analysis in tactical management of an enterprise. Scientific Bulletin of National Academy of Statistics, accounting and Audit, 2, pp. 30‒37.

12. Voloshyna, S. V. and Kostakova, L. D., 2017. Simulation analysis of relationship between production cost and natural environment of iron ore extraction and processing. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 4, pp. 112‒121.

 повний текст / full article

• < Prev
• Next >