Kononenko R.V., Solovyeva L.V., Tedeeva R.A., Tokar E.V. Updating the Assessment of Company Performance Through the Use of Economic and Mathematical Methods
Rodion V. Kononenko
Belgorod University of Cooperation, Economics and Law, Belgorod, Russian Federation
Larisa V. Solovyeva
Belgorod University of Cooperation, Economics and Law, Belgorod, Russian Federation
Roza A. Tedeeva
Belgorod University of Cooperation, Economics and Law, Belgorod, Russian Federation
Elena V. Tokar
Belgorod University of Cooperation, Economics and Law, Belgorod, Russian Federation
Abstract. The digital transformation of the economy allows an enterprise to respond to constant changes in the market situation and to be competitive. Such a comprehensive fundamental change requires a complete revision of the tool of economic analysis of enterprise performance. Assessment of the economic performance of an enterprise is a prerequisite for competitiveness. In the conditions of digital transformation of the economy the purpose of efficiency growth of the enterprise becomes the search for internal reserves of growth of activity results. The analysis of business performance includes: study of changes in each indicator for the period under analysis; study of the structure of indicators and their changes; study of financial performance in dynamics; identification of causes of changes in indicators. Until recently, economic analysis mainly used mathematical models describing the phenomenon under analysis using equations, inequalities, functions and other mathematical tools. Today, economic and mathematical methods are becoming an important tool for economic analysis, which helps in making optimal management decisions and contributes to the solution of various problems of a complex nature. Economic and mathematical methods are a synthesis of economic, mathematical and statistical approaches to the analysis. Economics and mathematical methods include: methods of elementary mathematics, classical methods of mathematical analysis, econometric methods, methods of operations research, heuristic methods, methods of mathematical statistics, methods of mathematical programming, methods of economic cybernetics, and mathematical theory of optimum processes. Application of economic and mathematical methods can significantly improve the analysis effectiveness of an enterprise, ensures high accuracy of the result when optimizing time costs, allows you to expand the range of tasks. Wide application of mathematical methods is one of the important directions in the field of improvement of economic analysis of enterprise activity. Economic and mathematical modeling can be widely used for planning and forecasting of enterprise activities.
Key words: digital transformation of economy, performance results, economic and mathematical methods, economic models, enterprise performance analysis efficiency, net profit, sales revenue, profitability of sales.
Citation. Kononenko R.V., Solovyeva L.V., Tedeeva R.A., Tokar E.V., 2022. Updating the Assessment of Company Performance Through the Use of Economic and Mathematical Methods. Regionalnaya ekonomika. Yug Rossii [Regional Economy. South of Russia], vol. 10, no. 2, pp. 152-165. (in Russian). DOI: https://doi.org/10.15688/re.volsu.2022.2.15
Attachments: /eng/contacts/6_Kononenko_etc.pdf