Financial and economic security of business as a primary element in the economic system: Calculation of the integrated indicator of economic security

This article outlines the basis of formation of socioeconomic indicators system providing economic security of a business through application in the future of neural networks as the primary element of economic system to create investment platforms, develop and support the next generation system for regulation of production. This is done by systematizing indicators, using cognitive technologies and decomposition of the factor space, justifying the fundamental factors in real time with due account for the effect of integration, globalization and modern challenges that create a new round of risks, threats, and hazards, poorly understood to date. The main purpose of this article consists in calculating coefficients characterizing economic security of Public Joint Stock Company "Severstal" (PAO Severstal). This includes calculating integrated indicator of economic security, determining the trends in the dynamics of the integrated indicator of economic security and its components at PAO Severstal in 2014-2016, comparing the calculation of the integrated indicator of economic security with and without taking into account the weighting coefficients. The main conclusions of this work can be formulated as follows: 1. The calculation of the integrated indicator of economic security at PAO Severstal has shown that this indicator does not depend significantly on weighting coefficients. The best values of the integrated indicator of economic security were defined for III, II and IV quarters of 2015 without taking into account the weighting coefficient of cumulative indicators, and for III, IV and II quarters of 2015 - with the use of weighting coefficient. The worst level of economic security was noted in I and IV quarters without taking into account the weighting coefficient. While, if used, these quarters swap places. Comparing them with statutory values, we see that the obtained data are below statutory value of the integrated indicator of economic security, no matter whether weighting coefficients were used or not. 2. Adequate mathematical models to be used for the economic security management require a comprehensive accounting of uncertainty factors associated with the specifics of business operation in modern economy conditions. © 2017.

Authors
Burkaltseva D.D.1 , Vorobyov Y.N.1 , Blazhevich O.G.1 , Frolova E.E. 2 , Puhart A.A. 3
Journal
Publisher
Revista Espacios
Number of issue
33
Language
English
Status
Published
Volume
38
Year
2017
Organizations
  • 1 V.I. Vernadsky Crimean Federal University, Vernadsky Avenue, 4, Republic of Crimea, Simferopol, 295007, Russian Federation
  • 2 Far Eastern Federal University, Suhanova Str., 8, Vladivostok, 690950, Russian Federation
  • 3 Peoples Friendship University of Russia (RUDN University), Miklouho-Maclay Str., 6, Moscow, 117198, Russian Federation
Keywords
Economic security; Financial sustainability of business; Formation of indicators based system to assess the level of economic security; Weighting coefficients
Date of creation
19.10.2018
Date of change
19.10.2018
Short link
https://repository.rudn.ru/en/records/article/record/6083/
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