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Financial Potential Analysis of Forestry Enterprises of Ukraine on the Taxonomy Method Basis

Financial Potential Analysis of Forestry Enterprises of Ukraine on the Taxonomy Method Basis AbstractIn the article the method of analysis of financial potential using taxonomy method has been developed as well as it has been tested on the basis of empirical data of Ukrainian forestry enterprises. The application of such a method made it possible to construct a rating assessment of a complex and multifactorial economic object – the financial potential, using algorithms of systematization to multidimensional quantities. The authors present the stages of application of analytical procedures for assessing the dynamics of taxonomic indicators of financial potential as well as for constructing the rating of the suggested business entities. An innovative model of financial potential of forestry enterprises is proposed, which will allow to identify the complex of properties of an object as a basis for forming a set of analytical procedures for assessing its state. The obtained results of the analysis can serve as the basis for constructing a management strategy to optimize the financial potential of the enterprise. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Systems in Production Engineering de Gruyter

Financial Potential Analysis of Forestry Enterprises of Ukraine on the Taxonomy Method Basis

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Publisher
de Gruyter
Copyright
© 2021 Viktor Ievdokymov et al., published by Sciendo
eISSN
2450-5781
DOI
10.2478/mspe-2021-0001
Publisher site
See Article on Publisher Site

Abstract

AbstractIn the article the method of analysis of financial potential using taxonomy method has been developed as well as it has been tested on the basis of empirical data of Ukrainian forestry enterprises. The application of such a method made it possible to construct a rating assessment of a complex and multifactorial economic object – the financial potential, using algorithms of systematization to multidimensional quantities. The authors present the stages of application of analytical procedures for assessing the dynamics of taxonomic indicators of financial potential as well as for constructing the rating of the suggested business entities. An innovative model of financial potential of forestry enterprises is proposed, which will allow to identify the complex of properties of an object as a basis for forming a set of analytical procedures for assessing its state. The obtained results of the analysis can serve as the basis for constructing a management strategy to optimize the financial potential of the enterprise.

Journal

Management Systems in Production Engineeringde Gruyter

Published: Mar 1, 2021

Keywords: financial potential; forestry enterprises; matrix; rating estimation; taxonomy; taxonomic analysis method

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