1. Optimal distribution of investments in a group of interconnected enterprises of the coal industry
- Author
-
O.M. Asheulova, Yu.I. Demchenko, O.I. Prykhorchyk, and O.R. Mamaikin
- Subjects
coal mines ,coal-mining region ,break-even ,modeling ,diversification ,potential ,Business ,HF5001-6182 - Abstract
The paper proposes a new approach to the distribution of investments in a group of coal mining enterprises. For the first time, the model for assessing the production efficiency of enterprises as a derivative of the level of resources attracted to the number of products, with the main criterion being the efficiency of reserves extraction, is suggested. The study of changes in reserves (in this case, a coal) over time allows us to predict the technical and economic indicators of the enterprise in the long term. The work solves an urgent scientific and practical task, which is to study the impact of investments on the increase in productivity of coal mines. The authors suggest applying the criterion of «economic reliability» to solve the problem of redistributing funds between enterprises engaged in the extraction of identical products. Based on the assessment of economic reliability, a general conclusion is drawn on how much investment should be attracted to increase production, and all enterprises are considered. The practical value of the research is to establish the dependence of the level of production growth on attracted investments for enterprises with different levels of economic reliability. It has been established that the most effective option for transforming the mines of the coal-mining region is to compensate for a possible decrease in production volumes, their necessary increase due to the additional load of effective existing mines and, as a rule, with lower capital costs. All this confirms the high feasibility of creating reliable methods for ranking mines. The calculations of the optimal values of the mine capacity indicate the potential capabilities of the mines of the State Coal Company (SCC), which are provided with significant reserves and have a fairly high level of economic reliability. Using a dynamic approach to choosing the parameters of the mine transformation to break-even mode can reduce the costs of the enterprise and ensure its sustainable development by the timely implementation of new investment projects taking into account the optimal effective life of the mine.
- Published
- 2019
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