Volume no :14, Issue no: 1, March (2021)

ON APPROACH OF ESTIMATION OF VALUE OF RISKS DURING MANUFACTURING OF PRODUCTS

Author's: E. L. Pankratov
Pages: [1] - [8]
Received Date: January 15, 2021; Revised March 10, 2021
Submitted by: Professor Jianqiang Gao
DOI: http://dx.doi.org/10.18642/ijamml_7100122164

Abstract

In modern economic theory, scientific and technological progress one consider different economic risks. The influence of scientific and technological progress on a particular sector of the economy appears in the creation of new products that have important competitive advantages over existing ones, or in the modification (modernization) of existing products. Often, new products based on new (innovative) technologies. However, technological superiority requires well-timed modernization of production and staff training, that is, significant financial and organizational investments. At the same time, the rejection of the transition to innovative technologies can lead to tangible losses in market positions or even to a complete cessation of the organization. In this paper, we introduce a model for estimations influence of risks on development of industrial enterprises. An analytical approach for analyzing the influence of various parameters on the proceeds has been introduced.

Keywords

risks, industrial enterprises, analytical modelling.