THE PROBLEMS OF ECONOMY №1-2017

The title and content

ABSTRACTS AND INFORMATION ABOUT AUTHORS

Section: World economy and international relations
UDC 336.761
Goncharenko N. I., Kravets M. A.
Features of the Institutional Structure of the Polish Stock Market under Conditions of Transformational Changes in the Global Financial Environment (p. 8 - 14)
Under modern conditions of transformational changes in the global financial environment, the international stock market acquires stable features of activization of investment activity, formation of a large network of professional participants in the stock market and its multi-level institutional structure, expansion of the range of trade in securities, access of economic entities of different countries to financial resources and diversification of mechanisms of concentration, etc. There conducted a study of peculiarities of the institutional structure of the Polish stock market in the context of transformational changes in the global economic system. The factors influencing the volume of capitalization of the Warsaw Stock Exchange are analyzed; the dependence of the capitalization of the Exchange on foreign portfolio investments in shares of Polish issuers is revealed. Based on the results of own calculations of multiple correlation coefficients, the level of dependence between capital stock market indicators and assets of such financial institutions in Poland as investment and open pension funds, insurance companies is determined, and a significant interconnection of assets of investment and open pension funds and insurance companies is revealed. The obtained results can become a basis for institutional investors in the process of making effective decisions on expanding the range of trading in securities.
Keywords: international stock market, Warsaw Stock Exchange, capitalization, financial institutions, interdependence of financial assets, correlation analysis.
Fig.: 4. Tabl.: 5. Bibl.: 18.

Goncharenko Nataliia I. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: n.i.goncharenko@karazin.ua
Kravets Mykola A. – Student, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: kravets.mykola97@gmail.com

Reference to this article:
Goncharenko, Nataliia I., and Kravets, Mykola A. (2017) “Features of the Institutional Structure of the Polish Stock Market under Conditions of Transformational Changes in the Global Financial Environment.” The Problems of Economy 1:8–14.

List of references in article

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Sheludko, V. M., and Virchenko, V. V. “Arbitrazh ta spekuliatsiia na suchasnykh fondovykh rynkakh“ [Arbitrage and speculation in modern stock markets]. Bankivska sprava, no. 4-5 (2015): 32-46.
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Section: World economy and international relations
UDC 339.924
Dovgal O. A., Dovhal G. V.
Global Innovation Space: Prerequisites, Specifics and Tools of Formation (p. 15 - 20)
The aim of the article is to study the prerequisites, specifics and tools of formation of the global innovation space under current conditions of development. On the basis of the generalization of the world’s scientific developments, the article considers processes of formation of the global innovative space, activation of innovation policies of different countries, optimization of state innovation activity as a factor of competitiveness of the national economy. It is substantiated that in the modern world an increasing role is played by global technological cooperation and partnership arising when several different companies decide to implement a joint project, which main goal is development of knowledge and creation of innovative products or exchange of scientific and technical information. This process is one of the ways to form the global innovation space, determines strategies for development of both innovation processes and globalization of the economy as a whole. It is concluded that in the final reckoning the processes in the field of innovative development have their own logic, which corresponds to the current trends in the development of the world economy. Innovation, on the one hand, brings together economies of different countries and, on the other, leads to aggravation of international competition in the world.
Keywords: innovation, global innovative space, innovative development, global technological cooperation and partnership.
Tabl.: 1. Bibl.: 13.

Dovgal Olеna A. – Doctor of Sciences (Economics), Professor, Professor, Department of International Economic Relations named after Artur Holikov, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: e.dovgal@karazin.ua
Dovhal Georgiy V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Tourism Business and Regional Studies, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: g.dovgal@karazin.ua

Reference to this article:
Dovgal, Olеna A., and Dovhal, Georgiy V. (2017) “Global Innovation Space: Prerequisites, Specifics and Tools of Formation.” The Problems of Economy 1:15–20.

List of references in article

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Section: World economy and international relations
UDC 334.726
Kazakova N. A., Perepelytsia A. S., Sidorov M. V.
Innovative Development of the Informatization of the Hotel Business in the Context of Globalization of the World Economy (p. 21 - 25)
The aim of the article is to study the identification of features of the international hotel business regulation using information technologies. There considered the influence of information technologies on management of the hotel, since it is directly related to the increase in the work efficiency of both an individual manager and the company as a whole, as well as their influence on the company competitiveness in today’s market. The use of computer networks, Internet and Internet technologies, software products of end-to-end automation of all hotel business processes, which today are not just a matter of leadership and creation of competitive advantages but also survival in the market in the near future, is analyzed. The conclusion is made on the need to use information technologies as a tool for regulating international business processes in the hotel sector.
Keywords: information technologies, informatization, hotel business, online reservation, tourists, e-commerce, tourist services, world economy, Internet resources, automation, computer networks, economic efficiency, marketing.
Bibl.: 12.

Kazakova Nadezhda A. – Candidate of Sciences (Geography), Associate Professor, Head of the Department, Department of International Economic Relations, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: kazakovan@meta.ua
Perepelytsia Anna S. – Applicant, Department of International Economic Relations, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: anna.perepelytsia@karazin.ua
Sidorov Mykhailo V. – Postgraduate Student, Department of International Economic Relations, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: m.sidorov@karazin.ua

Reference to this article:
Kazakova, Nadezhda A., Perepelytsia, Anna S., and Sidorov, Mykhailo V. (2017) “Innovative Development of the Informatization of the Hotel Business in the Context of Globalization of the World Economy.” The Problems of Economy 1:21–25.

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Section: World economy and international relations
UDC 339.9.012:330.42
Kalyuzhna N. H.
The Approach to Defining Gravity Factors of Influence on the Foreign Trade Relations of Countries (p. 26 - 31)
The aim of the article is to determine the gravity factors of influence on the foreign trade relations of countries on the basis of the results of the comparative analysis of the classical specifications of the gravity model of foreign trade and the domestic experience in gravity modeling. It is substantiated that a gravity model is one of the tools of economic and mathematical modeling, the use of which is characterized by a high level of adequacy and ensures prediction of foreign trade conditions. The main approaches to the definition of explanatory variables in the gravity equation of foreign trade are analyzed, and the author’s approach to the selection of the factors of the gravity model is proposed. As the first explanatory variable in the specification of the gravity model of foreign trade and the characteristics of the importance of economies of foreign trade partners, it is proposed to use the GDP calculated at purchasing power parity with the expected positive and statistically significant coefficient. As the second explanatory variable of the gravity equation of foreign trade, it is proposed to use a complex characteristic of the “trade distance” between countries, which reflects the current conditions of bilateral trade and depends on factors influencing the foreign trade turnover between countries — both directly (static proportionality of transport costs of geographical remoteness), and indirectly (dynamic institutional conditions of bilateral relations). The expediency of using the world average annual price for oil as the quantitative equivalent of the “trading distance” index is substantiated. Prospects for further research in this direction are identifying the form and force of influence of certain basic gravity variables on the foreign trade relations of certain partner countries and determining the appropriateness of including additional factors in the composition of the gravity equation of foreign trade.
Keywords: foreign trade, gravity model, institutional factors, gross domestic product, trade barriers.
Fig.: 1. Tabl.: 2. Bibl.: 13.

Kalyuzhna Nataliya H. – Doctor of Sciences (Economics), Professor, Professor, Department of World Economy, State University of Trade and Economics / Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: n.kalyuzhna@knute.edu.ua

Reference to this article:
Kalyuzhna, Nataliya H. (2017) “The Approach to Defining Gravity Factors of Influence on the Foreign Trade Relations of Countries.” The Problems of Economy 1:26–31.

List of references in article

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Section: World economy and international relations
UDC 339.138:658.87
Natorina A. O.
Online Customization of Retailers’ Activities (p. 32 - 37)
The aim of the article is to develop recommendations on correct online customization of retailers’ activities in the online space based on results of studying and analyzing trends in digital activity of consumers under real time conditions and taking into account the factors directly influencing buyers’ purchasing from corresponding online retailers. The trends of changes in digital forms of contacting consumers in different countries and regions of the world are studied, and their access to the digital content with details of gadget types and devices is analyzed. The level of digital activity of consumers in the online space is diagnosed in accordance with the consumer inclusion index using the GfK methodology. It is grounded that retailers are advisable to look for new tools of online customization with mandatory consideration of consumer preferences, which depend on the influence of various factors on their behavior. It is found out that a high level of online confidence in a retailer acts as a catalyst for purchasing on the Internet, and factors influencing it are identified. The prerequisites for successful online customization of retailers’ activities are considered, and categories of behavioral patterns of potential buyers to achieve the most effective digital promotion of retailers in the online space are proposed. The aspects of online customization that guarantee the necessary level of competitiveness of retailers for effective functioning in the online space are justified.
Keywords: retailers, online space, digital activity of consumers, online confidence, online customization.
Fig.: 2. Tabl.: 1. Bibl.: 8.

Natorina Alona O. – Candidate of Sciences (Economics), Senior Lecturer, Department of Marketing and Management, Donetsk National University of Economy and Trade named after M. Tugan-Baranovsky (16 Tramvaina Str., Kryvyi Rih, Dnipropetrovsk region, 50005, Ukraine)
Email: alyonanatorina@gmail.com

Reference to this article:
Natorina, Alona O. (2017) “Online Customization of Retailers’ Activities.” The Problems of Economy 1:32–37.

List of references in article

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Section: World economy and international relations
UDC 339.7
Yasynska N. A., Sichko S. M.
Globalization Components in the Formation of National Financial Systems (p. 38 - 47)
A logical parallel is drawn between the evolution of the global economy and the global financial system through the prism of typology and modernization. It is revealed that the processes of transformation of the financial system cause destabilization of the global economy. The genesis described in the article made it possible to identify the relationship between the process of financialization and the redistributive effect. As a result, it can become the main influencing element in changing civilizational concepts — from the evolution of society to the creation of a new economy with a changed financial and economic paradigm. But the existence of such a factor as the evolution of society, the result of which is new products and goods, is accompanied by a decline in the values of financial and economic indicators. The calculated general financial and economic indicators confirmed the importance of the current national financial practices in the modern evolution of the global economy. It has been studied that the manifestation of the socium reaction to every civilizational transition is the improvement of existing methods of economic management and the formation of new institutions, which leads to the problem of the “institutional stalemate”. The result of the study made it possible to identify the globalization components that influence the formation of national financial systems in terms of institutional stabilization.
Keywords: global economy, transformation, modernization, society, financial indicators.
Fig.: 1. Tabl.: 2. Bibl.: 9.

Yasynska Nadiіa A. – Doctor of Sciences (Economics), Associate Professor, Head of the Department, Department of Finance, Banking and Insurance, Mykolaiv National University Sukhomlynskiy (24 Nіkolska Str., Mykolaiv, 54030, Ukraine)
Email: nad_dsum@ukr.net
Sichko Svitlana M. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Banking and Insurance, Mykolaiv National University Sukhomlynskiy (24 Nіkolska Str., Mykolaiv, 54030, Ukraine)
Email: lanasichko@gmail.com

Reference to this article:
Yasynska, Nadiіa A., and Sichko, Svitlana M. (2017) “Globalization Components in the Formation of National Financial Systems.” The Problems of Economy 1:38–47.

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Section: World economy and international relations
UDC 332.14
Yaroshenko I. V., Semyhulina I. B.
The Analysis of Strategic Priorities for the Development of European Cities (p. 48 - 54)
Countries of the European Union have gained rich experience in developing and implementing a balanced socio-economic and regional policy. The development of regions and individual territories and cities in these countries is given special attention, since this direction provides one of the greatest opportunities to create a synergetic effect by reducing the unevenness of regional (territorial) development and the effective use of existing potential and, as a result, ensures the welfare of citizens of the territories, decrease of socio-political tension in the society, creation of new jobs and increase of competitiveness of the national economy as a whole. The integration of Ukraine into the modern world community envisages development and implementation of an effective regional policy in view of integrated and rational use of all multipurpose resources and depends on a comprehensive evaluation of the existing social and economic potential of the country as a whole and its regions. Also it involves identification of sources and scales of development, definition and assessment of long-term options for socio-economic development of the country and individual territories based on the rational allocation of productive forces with consideration to specialization and individual characteristics. In the context of introducing the reform of power decentralization in Ukraine, the responsibility of local authorities for ensuring effective management in many areas of life is becoming ever greater. Sustainable and efficient economic development of territories is a guarantee of a high level of the population life quality in all its aspects. At the same time, it is necessary to fully understand the main problems of communities, cities and ways to solve them in the context of global trends in the development of territories, in particular cities.
Keywords: social and economic development, European cities, development priorities, region, territory, community.
Fig.: 3. Bibl.: 23.

Yaroshenko Ihor V. – Candidate of Sciences (Economics), Head of, Department of Macroeconomic Policy and Regional Development, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: iyaroshenko@i.ua
Semyhulina Iryna B. – Candidate of Sciences (Economics), Junior Researcher, Department of Macroeconomic Policy and Regional Development, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: isemigulina@i.ua

Reference to this article:
Yaroshenko, Ihor V., and Semyhulina, Iryna B. (2017) “The Analysis of Strategic Priorities for the Development of European Cities.” The Problems of Economy 1:48–54.

List of references in article

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Section: Economics and national economy management
UDC 316.342.6
Aksonova I. V.
Statistical Support for Analysis of the Social Stratification and Economic Inequality of the Country’s Population (p. 55 - 62)
The aim of the article is to summarize the theoretical and methodological as well as information and analytical support for statistical research of economic and social stratification in society and conduct an analysis of the differentiation of the population of Ukraine in terms of the economic component of social inequality. The theoretical and methodological level of the research is studied, and criteria for social stratification and inequalities in society, systems, models and theories of social stratification of the population are singled out. The indicators of social and economic statistics regarding the differentiation of the population by income level are considered as the research tools. As a result of the analysis it was concluded that the economic inequality of the population leads to changes in the social structure, which requires formation of a new social stratification of society. The basis of social stratification is indicators of the population well-being, which require a comprehensive study. Prospects for further research in this area are the analysis of the components of economic inequality that determine and influence the social stratification of the population of the country, the formation of the middle class, and the study of the components of the human development index as a cross-currency indicator of the socio-economic inequality of the population.
Keywords: social stratification, economic inequality, social inequality, strata, income differentiation, unevenness in society, statistical support of analysis.
Fig.: 3. Tabl.: 4. Bibl.: 32.

Aksonova Iryna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Statistics and Economic Forecasting, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: ivaksyonova@gmail.com

Reference to this article:
Aksonova, Iryna V. (2017) “Statistical Support for Analysis of the Social Stratification and Economic Inequality of the Country’s Population.” The Problems of Economy 1:55–62.

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Section: Economics and national economy management
UDC 338.45:669:005.342:172.15
Denysov K. V.
Methodological Approaches to Ensuring Innovative Development of Metallurgical Enterprises on the Basis of Principles of Economic Nationalism (p. 63 - 69)
The economic, energy and environmental aspects of the activities of metallurgical enterprises are analyzed in the context of the need to ensure their sustainable development. The high energy intensity of the production process, the low efficiency and irrational structure of capital expenditures for environmental protection, the dominance of material costs in the final cost of finished products at the expense of labor and social contributions are indicated. There proved the low effectiveness of the previous measures of the industrial policy of the metallurgical industry innovative development that were not in compliance with the requirements of the WTO and led to taking compensatory measures against the Ukrainian steel on world markets. The potential of economic nationalism as a system for ensuring the innovative development of the metallurgical industry is considered. There determined the priorities of the industrial policy for the development of metallurgical enterprises based on the principles of economic nationalism and taking into account the global trends in the development of trade and economic relations and Ukraine’s commitments to the WTO.
Keywords: metallurgy, sustainable development, energy saving, economic nationalism, social justice.
Fig.: 2. Tabl.: 3. Bibl.: 22.

Denysov Kostyantyn V. – Candidate of Sciences (Economics), Lecturer, Department of International Economics and Economic Theory, Zaporizhzhya National University (66 Zhukovskoho Str., Zaporіzhzhia, 69600, Ukraine)
Email: denisovkv@ukr.net

Reference to this article:
Denysov, Kostyantyn V. (2017) “Methodological Approaches to Ensuring Innovative Development of Metallurgical Enterprises on the Basis of Principles of Economic Nationalism.” The Problems of Economy 1:63–69.

List of references in article

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Denysov, K. V. “Ekonomichnyi natsionalizm yak osnova novoi promyslovoi polityky v Ukraini“ [Economic nationalism as the basis of a new industrial policy in Ukraine]. Derzhava u teorii i praktytsi ukrainskoho natsionalizmu. Ivano-Frankivsk: Misto NV, 2015. 123-129.
Amosha, A. I. et al. Ukrainskaya metallurgiya: sovremennyye vyzovy i perspektivy razvitiya [Ukrainian steel industry: current challenges and prospects for development]. Donetsk: In-t ekonomiki promyshlennosti, 2013.
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“Enerhetychnyi balans Ukrainy za 2015 rik“ [The energy balance of Ukraine for 2015]. Derzhavna sluzhba statystyky Ukrainy: ofits. sait. http://ukrstat.gov.ua/

Section: Economics and national economy management
UDC 332.025
Zahvoyska L. D., Fedoruk M. I.
Ecological and Economic Assessment of the Effectiveness of an Investment Decision Using the Cost-Benefit Analysis: the Project of Replacing the Central Heating System with Individual Gas Heating (p. 70 - 78)
The aim of the article is to study the effectiveness of making an investment decision applying the method of cost-benefit analysis (CBA) using the example of the project of replacing the central heating system with autonomous gas heating. During the research a financial, economic and sensitive analysis of the project is carried out. Based on the results of the financial and economic analysis, it is found that with regard to the existing ratio of gas prices and tariffs for heat supply such a project is effective for residents of houses (investors) and society as a whole. The sensitive analysis showed that according to the results of the financial analysis, the NPV is most sensitive to the change in tariffs for heat supply, the critical level of change being a 35% reduction in the cost of heat supply with an increase in the price of gas by 25% or more. The application of energy efficient equipment for generating heat energy as well as reducing heat loss during transportation by using energy saving principles can cut costs and, as a result, reduce the price for central heating. Prospects for further research in this area are the identification of an objective and reliable method for assessing the investment project in accordance with the requirements of environmental protection, use of energy-saving technologies, and combating climate change. Further development of theoretical approaches to assessing the effectiveness of energy saving measures with consideration for their environmental and economic component may lead to the CBA becoming a real management tool for national and regional authorities.
Keywords: cost-benefit analysis, investment project, central heating, autonomous heating, energy efficiency.
Fig.: 2. Tabl.: 8. Bibl.: 25.

Zahvoyska Lyudmyla D. – Candidate of Sciences (Economics), Associate Professor, Department of Environmental Economics, Institute of Environmental Economics and Management of the National Forestry University of Ukraine (502 room, 105 Henerala Chuprynky Str., Lviv, 79057, Ukraine)
Email: zahvoyska@ukr.net
Fedoruk Mariia I. – Postgraduate Student, Department of Environmental Economics, Institute of Environmental Economics and Management of the National Forestry University of Ukraine (502 room, 105 Henerala Chuprynky Str., Lviv, 79057, Ukraine)
Email: fedoruk.mariia@gmail.com

Reference to this article:
Zahvoyska, Lyudmyla D., and Fedoruk, Mariia I. (2017) “Ecological and Economic Assessment of the Effectiveness of an Investment Decision Using the Cost-Benefit Analysis: the Project of Replacing the Central Heating System with Individual Gas Heating.” The Problems of Economy 1:70–78.

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Section: Economics and national economy management
UDC 338.2 620.9
Kyzym M. O., Salashenko T. I., Khaustova V. Y., Lelyuk O. V.
Conceptual Foundations of Strengthening the Fuel Security of the National Economy (p. 79 - 88)
The aim of the article is to substantiate conceptual foundations for strengthening the fuel security of Ukraine under conditions of achieving energy independence from import of finished petroleum products, ensuring energy efficiency of the transformation of primary fuel and energy resources into motor fuel and its energy saving in the transport sector. The key problems in the sphere of liquid fuel use in Ukraine are non-competitiveness of the national oil refining complex, import orientation of the Ukrainian motor fuel consumer, scarcity of the explored reserves of liquid hydrocarbons on the territory of Ukraine, monopolization of transport routes for external deliveries of crude oil. The development of Ukraine’s fuel sector should be implemented on the basis of the national model of fuel security, which provides for balancing the motor fuel market, ensuring sustainable development of the fuel sector and satisfying interests of market actors. The strategic goals of fuel security are defined as energy independence, energy efficiency and energy saving. In the article they were decomposed at the operational level, and the following necessary components were identified: maximization of the national oil production; diversification of external oil supplies with complete abandonment of imports of finished petroleum products, increase in the yield of light oil products; replacement of oil with the national energy potential, saving of motor fuel at the stage of its consumption.
Keywords: fuel security, motor fuel, oil refining, energy independence, energy efficiency, energy saving.
Fig.: 1. Tabl.: 2. Bibl.: 35.

Kyzym Mykola O. – Doctor of Sciences (Economics), Professor, Corresponding Member of NAS of Ukraine, Chief research scientist, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: m.kyzym@gmail.com
Salashenko Tetiana I. – Candidate of Sciences (Economics), Senior Research Fellow, Department of Industrial Policy and Energy Security, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: tisandch@gmail.com
Khaustova Viktoriia Ye. – Doctor of Sciences (Economics), Professor, Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: v.khaust@gmail.com
Lelyuk Oleksіy V. – Candidate of Sciences (Economics), Applicant, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)

Reference to this article:
Kyzym, Mykola O. et al. (2017) “Conceptual Foundations of Strengthening the Fuel Security of the National Economy.” The Problems of Economy 1:79–88.

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Section: Economics and national economy management
UDC 001.895:338.47
Koval V. V., Tolkachova G. V., Neboha T. V.
Strategic Guidelines for Development of the Infocommunication Sphere as a Component of the National Innovation Infrastructure (p. 89 - 93)
The aim of the article is to study and systematize the factors affecting the potential of the innovation infrastructure to improve the quality of conditions of its formation on the basis of elaborating a strategy for the development of the infocommunication sphere. The article considers the current state of development of the infocommunication sphere and approaches to analyzing its role in relation to the goals and tasks facing the national innovation system. It is substantiated that infocommunication technologies act as an innovative tool that contributes to the development of innovations and their commercialization, while enterprises of the infocommunication sphere act as subjects of the innovation infrastructure, which main goal is to intensify innovation efforts and ensure innovation activity. The strategic problems of formation and prospects of development of the infocommunication sphere as a component of the national innovation infrastructure are analyzed.
Keywords: innovations, infrastructure, sphere of infocommunications, technologies.
Tabl.: 2. Bibl.: 18.

Koval Victor V. – Doctor of Sciences (Economics), Associate Professor, Head of the Department, Department of Applied Economics, Odesa Institute of Trade and Economics of Kyiv National University of Trade and Economics (6 Inglezi Str., Odesa, 65070, Ukraine)
Email: victor-koval@ukr.net
Tolkachova Galina V. – Candidate of Sciences (Economics), Associate Professor, Department of Economics Enterprises, Odesa National Academy of Telecommunications named after A. S. Popov (1 Kuznechna Str., Odesa, 65029, Ukraine)
Email: kafec@ukr.net
Neboha Tetiana V. – Lecturer, Department of Economic Theory, Odesa National Academy of Telecommunications named after A. S. Popov (1 Kuznechna Str., Odesa, 65029, Ukraine)
Email: neboga07@mail.ru

Reference to this article:
Koval, Victor V., Tolkachova, Galina V., and Neboha, Tetiana V. (2017) “Strategic Guidelines for Development of the Infocommunication Sphere as a Component of the National Innovation Infrastructure.” The Problems of Economy 1:89–93.

List of references in article

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Hrebennikov, V. O., and Khylenko, V. V. “Makroekonomichnyi analiz rozvytku infokomunikatsii Ukrainy“ [Macroeconomic analysis of infocommunication development of Ukraine]. Zviazok, no. 1 (2012): 2-6.
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Section: Economics and national economy management
UDC 330.322:337.716
Mishchuk I. V.
Determination of Components of Investment Attractiveness of Enterprises and Industries as Factors of their Security (p. 94 - 104)
The article considers the following factors of investment attractiveness of both enterprises and industry: the stage of the life cycle, absence of crisis, reputation. It is justified that the key industries for the Ukrainian economy in the context of improving economic security are mining and metallurgical industry and shipbuilding. The specificity of Zhiglyar cycles for the world steel industry and the actual periodicity of these cycles for the industry are revealed, as well as the interrelationship of their periodicity with that of the K-cycle phases. It is substantiated that for the mining and metallurgical complex there typical generally accepted time frames of Zhiglyar cycles of 6-13 years, which are associated with investing in fixed assets, building-up and loading production capacities. Smaller cycles are found at the level of local markets of individual countries. It is shown that the cycles of Kitchin characterize the volumes of consumption of crude steel in Ukraine. Diagnostics of the crisis of the enterprises under investigation is carried out. It is offered to evaluate the crisis on the basis of the ratio of the actual value of the indicator and its reference value. A scale for diagnosing the severity of the crisis is developed. It is shown that under crisis conditions a part of fixed assets remains unused. To resolve the issue of the need for measures on their elimination or sale, it is proposed to determine the rate of fixed assets utilization. It is estimated that its normative value should not be lower than 0.75. A methodical approach to evaluating the enterprise reputation is proposed. It is shown that internal and external reputations differ in the method of their evaluation. A scale for determining the severity of the reputational crisis is developed.
Keywords: safety, investment attractiveness, Zhuglyar cycles, Kitchin cycles, crisis, reputation.
Fig.: 1. Tabl.: 6. Formulae: 4. Bibl.: 15.

Mishchuk Ievgeniia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Taxation, Public Administration and Administration, Kryvyi Rіh National University (11 Vitaliia Matusevycha Str., Kryvyi Rіh, Dnіpropetrovsk region, 50027, Ukraine)
Email: tdutybz.077@gmail.com

Reference to this article:
Mishchuk, Ievgeniia V. (2017) “Determination of Components of Investment Attractiveness of Enterprises and Industries as Factors of their Security.” The Problems of Economy 1:94–104.

List of references in article

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Mishchuk, Ye. V. “Obgruntuvannia neobkhidnosti okremoho vyznachennia investytsiinoi bezpeky investora, pidpryiemstva - obiekta investuvannia ta yikh steikkholderiv“ [Justification of the need for a separate definition of investment security investor, company - object of investment and their stakeholders]. Investytsii: praktyka ta dosvid, no. 1 (2015): 6-8.
Mantsurov, I. H., and Nusinova, O. V. “Metodychni pidkhody do otsinky ekonomichnoi bezpeky obiednan pidpryiemstv“ [Methodical approaches to assessment of economic security of enterprises]. Efektyvna ekonomika. http://www.economy.nayka.com.ua/?op=1&z=653
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Section: Economics and national economy management
UDC 336.276
Mytrofanova A. S.
Debt Sustainability of Ukraine: Status, Problems and Policy (p. 105 - 111)
The aim of the article is a comprehensive analysis of indicators and disclosure of problems of debt sustainability of Ukraine, as well as the formulation of recommendations for its management. There built a system of indicators for debt sustainability analysis consisting of the following elements: indicators of the status, structure and dynamics of the state debt; indicators of the state debt servicing; indicators of the state debt factors; indicators of the debt burden forecast. Based on the calculation and analysis of the indicators, a conclusion is drawn on the deepening of the debt crisis in Ukraine, which is manifested in the excess of normative values of the indicators of status, structure and dynamics of the state debt. The reasons for the aggravation of the debt crisis in Ukraine are revealed and divided into three groups: objective historical, socioeconomic and subjective-institutional ones. Based on the analysis of trends in the sphere of violation of debt sustainability, there defined main problems of debt sustainability management, which form three groups: socio-economic problems; problems in the sphere of public administration; negative impact of related debt factors. In addition, risks and threats of deepening the debt burden are identified. Based on the analysis of these problems, a system of recommendations on the state policy of managing debt sustainability is built, including operational, tactical and strategic measures and reflecting the interrelated action of instruments of fiscal, monetary, investment, foreign trade and other economic policies of the state.
Keywords: debt sustainability, state debt, state budget deficit, debt sustainability indicators, debt sustainability management.
Tabl.: 3. Bibl.: 18.

Mytrofanova Anastasiia S. – Candidate of Sciences (Economics), Senior Lecturer, Department of General Economic Theory, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: anastasia_mitrofanova@ukr.net

Reference to this article:
Mytrofanova, Anastasiia S. (2017) “Debt Sustainability of Ukraine: Status, Problems and Policy.” The Problems of Economy 1:105–111.

List of references in article

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Volkova, O. H. “Teoretychni pytannia borhovoi stiikosti derzhavy“ [Theoretical issues of debt sustainability of the state]. Ekonomika ta derzhava, no. 1 (2017): 37-40.
“Ekonomichna statystyka“ [Economic statistics]. Derzhavna sluzhba statystyky Ukrainy: ofits. sait. http://www.ukrstat.gov.ua/operativ/menu/menu_u/zed.htm
Londar, S. L., and Londar, O. S. Derzhavna borhova polityka Ukrainy v konteksti dosvidu postsotsialistychnykh krain-chleniv YeS [The state debt policy of Ukraine in the context of the experience of post-socialist countries-EU members], 2016.
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Oliinyk, O. V., and Sidelnikova, I. V. “Borhova bezpeka Ukrainy: stan, problemy, perspektyvy“ [Debt security of Ukraine: state, problems, prospects]. Visnyk Natsionalnoi iurydychnoi akademii Ukrainy im. Yaroslava Mudroho, no. 2 (5) (2011): 41-48.
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“Pro Derzhavnyi biudzhet Ukrainy na 2017 rik“ [On the State budget of Ukraine for 2017]. Ministerstvo finansiv Ukrainy: ofits. sait. http://www.minfin.gov.ua/news/view/biudzhet-ukrainy-?category=bjudzhet&subcategory=bjudzhet-nastupnogo-roku
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Fedorovych, I. M. “Ekonomichna otsinka borhovoi stiikosti Ukrainy“ [Economic assessment of debt sustainability of Ukraine]. Naukovi zapysky Natsionalnoho universytetu «Ostrozka akademiia». Seriia: Ekonomika, no. 25 (2014): 146-151.
Neck, R., and Sturm, J.-E. Sustainability of public debtCambridge, Massachusetts: Massachusetts Institute of Technology, 2008.

Section: Economics and national economy management
UDC 332.37:63(477+100)
Popov A. S.
Stages of Agricultural Land Consolidation in Ukraine with Consideration for International Best Practices (p. 112 - 121)
The aim of the article is to develop recommendations on defining stages of consolidation of agricultural land in Ukraine on the basis of the best international practices. The analysis, systematization and generalization of scientific works of domestic and foreign scientists made it possible to determine a possible order of land consolidation in Ukraine and provide a detailed description of each stage. As a result of the research, the following main stages of land consolidation were proposed: the initiation, inventory, planning, implementation and final one. Each of these stages is considered consistently with justification of its expediency, the list of necessary measures and land management documentation, presentation of practical examples from different countries of the world. It is determined that each stage of the land consolidation procedure should be conducted in compliance with the principle of openness, which ensures the involvement of the maximum number of landowners/land users and protection of their interests, creates a positive attitude of the society towards land consolidation. A structural and logical model of the procedure for consolidating agricultural land, which clearly reflects the stages and activities of its implementation, is drawn up. There presented recommendations on the need to introduce new land management documentation for land consolidation with a detailed description of their essence. The relevance of further studies of the procedure for the agricultural land consolidation is in bringing a flexible, simple, cost-effective and short-term approach to its implementation.
Keywords: land consolidation, agricultural land, land plot, land consolidation plan, procedure.
Fig.: 1. Bibl.: 24.

Popov Andriy S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Land Management and Cadastre, Kharkiv National Agrarian University named after V. V. Dokuchaev (p/v «Dokuchaievske-2», Kharkіvskyi district, Kharkіv region, 62483, Ukraine)
Email: popov_andriy@knau.kharkov.ua

Reference to this article:
Popov, Andriy S. (2017) “Stages of Agricultural Land Consolidation in Ukraine with Consideration for International Best Practices.” The Problems of Economy 1:112–121.

List of references in article

Yedyna kompleksna stratehiia rozvytku silskoho hospodarstva ta silskykh terytorii v Ukraini na 2015-2020 roky: Proekt [The integrated development strategy of agriculture and rural territories in Ukraine for 2015-2020: Project]. Kyiv: Ministerstvo ahrarnoi polityky ta prodovolstva Ukrainy, 2015.
Kilochko, V. M. “Zemelna reforma i neobkhidnist konsolidatsii zemel u silskomu hospodarstvi“ [Land reform and the need for land consolidation in agriculture]. Zemleustrii i kadastr, no. 2 (2009): 18-20.
Martyn, A., and Krasnolutskyi, O. “Konsolidatsiia zemel silskohospodarskoho pryznachennia ta pravovi mekhanizmy yii zdiisnennia v Ukraini“ [Consolidation of agricultural land and legal mechanisms of its implementation in Ukraine]. Zemlevporiadnyi visnyk, no. 5 (2011): 16-21.
Tkachuk, L. V. Konsolidatsiia zemel: efektyvne vykorystannia ta okhorona v umovakh transformatsii zemelnykh vidnosyn [Land consolidation: effective use and protection in the conditions of transformation of land relations]. Lviv: Vyd-vo Lvivskoho NAU, 2009.
Tretiak, A. M. Teoretychni osnovy zemleustroiu [Theoretical foundations of land management]. Kyiv: IZU UAAN, 2002.
Shvorak, A. M. “Konsolidatsiia zemel silskohospodarskoho pryznachennia“ [Consolidation of agricultural land]. dys. ... dokt. ekon. nauk : 08.00.06, 2016.
Eskildsen, K. A. “Danish Land Consolidation“ The International Symposium FAO, GTZ, FIG, ARGE Landentwicklung and TUM on Land Fragmentation and Land Consolidation in CEEC: A gate towards sustainable rural development in the new millennium. 2002. http://www.oicrf.org/document.asp?ID=5230
Sonnenberg, J. “Fundamentals of Land Consolidation as an Instrument to Abolish Fragmentation of Agricultural Holdings“ FIG XXII International Congress Washington, D. C. USA, April 19-26 2002. https://www.fig.net/resources/proceedings/fig_proceedings/fig_2002/Ts7-4/TS7_4_sonnenberg.pdf
Thomas, J. “Attempt on Systematization of Land Consolidation Approaches in Europe“ Zeitschrift fur Geodaesie, Geoinformation und Landmanagement, no. 3 (2006): 156-161.
Vitikainen, A. “An Overview of Land Consolidation in Europe“ Nordic Journal, no. 1 (2004): 25-44.
Hartvigsen, M. “Land Reform and Land Consolidation in Central and Eastern Europe after 1989: Experiences and Perspectives“ Ph. D. Thesis, 2015.
Lisec, A. et al. “The Institutional Framework of Land Consolidation - Comparative Analysis Between Slovenia and Norway“ FIG Working Week "Knowing to manage the territory, protect the environment, evaluate the cultural heritage". http://www.oicrf.org/pdf.asp?ID=10816
“The design of land consolidation pilot projects in Central and Eastern Europe: FAO Land Tenure Studies. Rome: FAO, 2003. No. 6“ ftp://ftp.fao.org/docrep/fao/006/Y4954E/Y4954E00.pdf
“Operations manual for land consolidation pilot projects in Central and Eastern Europe“ http://www.fao.org/3/a-ai142e.pdf
Lemmen, C., Jansen, L. J. M., and Rosman, F. “Informational and computational approaches to land consolidation“ FIG Working Week "Knowing to manage the territory, protect the environment, evaluate the cultural heritage", 6-10 May 2012, Rome, Italy. https://www.researchgate.net/publication/257313849_Informational_and_computational_approaches_to_land_consolidation
Zhou, J. M. How to Carry Out Land Consolidation An Interntional Comparison: EUI Working Paper ECO Badia Fiesolana, Italy: European University Institute, 1999.
Peterman, T. Land Development Instruments: Background Paper for DSE Training Courses in Land Use Planning Zschortau: DSE-ZEL, 1997.
Sonnenberg, J. K. B. “Land Consolidation Procedure: Legislation“ http://www.oicrf.org/document.asp?ID=14182
Sky, P. K. “Jordskifte i andre land - organisering og prosess“Kart og Plan, no. 1 (2001): 43-52.
Meuser, F. -J. Europaische Fachtagung Flurbereinigung im Jahre 1988 - Analyse der Ergebnisse Heft no. 15. Munchen: Technische Universitat Munchen, 1992.
Doremus, J. “Flurbereinigung in Frankreich“ Schriftreiche des Bundesministers fur Ernahrung, Landwirtschaft und Forsten Munster-Hiltrup, 1992. Heft no. 78: 154-184.
Duarte, Mendes J. M. “Flurbereinigung in Portugal“Schriftreiche des Bundesministers fur Ernahrung, Landwirtschaft und Forsten. Munster-Hiltrup, Heft no. 78 (1992): 202-220.
Flury, W. “Flurbereinigung in der Schweiz“Schriftreiche des undesministers fur Ernahrung, Landwirtschaft und Forsten. Munster-Hiltrup, Heft no. 78 (1992): 124-153.
Oldenburg, Ph. “Land Consolidation as Land Reform, in India“World Development vol. 18, no. 2 (1990): 183-195.

Section: Economics and national economy management
UDC 336.13.051
Portna O. V.
The Architectonics of the Aggregate Financial Potential of Ukraine: Positive Synergetic Effects and Overall Risks (p. 122 - 127)
The aim of the article is to determine the positive synergetic effects and overall risks of the architectonics of the aggregate financial potential of Ukraine. Based on the consideration of a number of aspects of the architectonics of the aggregate financial potential of Ukraine using the system approach, it is determined that in the process of interaction of the components of the aggregate financial potential of the country as a system, several types of synergy arise: mobilization, accumulative, realization one. The creation and implementation of positive synergies are carried out with the help of a certain infrastructure. According to the functional purpose for the aggregate financial potential of the country and its synergetic effects, the components of this infrastructure are: monetary organizations, financial markets, and the budget system. The basis for the creation and implementation of synergetic effects of the aggregate financial potential of the country as a resource providing for the development of the national economy is a private-public financial partnership. But together with positive synergetic effects of the architectonics of the aggregate financial potential of the country, overall risks also arise. The overall risks are characterized by loss of resources, decline in the volumes of receipts and financing, decreased efficiency of the resource use both in the context of the aggregate financial potential of Ukraine and its components, deterioration of the financial and economic condition of the country, etc. They include the risks of globalization, financialization, resource leaks, shadowing of the financial and economic sphere, liquidity, as well as credit, interest, currency, inflation, production risks, and risks of privatization, decentralization, distortion of financial and economic information. Prospects for further research in this direction are the identification of measures to strengthen positive synergies and limit and neutralize the risks of the aggregate financial potential of the country.
Keywords: aggregate financial potential of the country, positive synergetic effects, risks.
Bibl.: 10.

Portna Oksana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Management and Administration, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: o.v.portna@gmail.com

Reference to this article:
Portna, Oksana V. (2017) “The Architectonics of the Aggregate Financial Potential of Ukraine: Positive Synergetic Effects and Overall Risks.” The Problems of Economy 1:122–127.

List of references in article

Derzhavna sluzhba statystyky Ukrainy: ofits. sait. http://www.ukrstat.gov.ua/
“Infliatsiinyi zvit. Berezen 2015 roku“ [The inflation report. March 2015]. Natsionalnyi Bank Ukrainy: ofits. internet-predstavnytstvo. https://bank.gov.ua/control/uk/publish/category?cat_id=127169
Kraus, N. M. “Vplyv innovatsiinoi hlobalizatsii na innovatsiinu hlokalizatsiiu ekonomiky Ukrainy kriz pryzmu instytutsionalizmu ta kolaboratsii“ [The impact of innovation globalization of innovation globalgate of economy of Ukraine through the prism of institutionalism and collaboration]. Hlobalni ta natsionalni problemy ekonomiky, no. 9 (2016): 3-8.
Natsionalnyi bank Ukrainy: ofits. internet-predstavnytstvo. http://www.bank.gov.ua/
Portna, O. V. “Sukupnyi finansovyi potentsial krainy: systemnyi pidkhid“ [The aggregate financial potential of a country: system approach]. Biznes Inform, no. 9 (2013): 293-298.
Portna, O. V. “Sutnist ta synerhetychni efekty arkhitektoniky sukupnoho finansovoho potentsialu krainy“ [The nature and synergies of the architectonics of the aggregate financial potential of the country]. Aktualni problemy ekonomiky, no. 10 (172) (2015): 404-409.
Reshetylo, V. P. “Ekonomichna synerhetyka realizatsii rynkovoho potentsialu instytutsionalnykh system“ [Economic synergy realization of the market potential institutional systems]. avtoref. dys. … d-ra ekon. nauk: 08.01.01, 2006.
Ruda, O. L. “Funktsionuvannia fondovoho rynku Ukrainy, problemy ta perspektyvy rozvytku“ [The functioning of the stock market of Ukraine, problems and prospects of development]. Hlobalni ta natsionalni problemy ekonomiky, no. 6 (2015): 794-798.
Semencha, I. Ye., and Holovchenko, A. M. “Likvidnist bankivskoi systemy v umovakh finansovoi nestabilnosti“ [Liquidity of the banking system in the conditions of financial instability]. Hlobalni ta natsionalni problemy ekonomiky, no. 6 (2015): 686-689.
Churkina, I. Ye. “Uzhodzhennia natsionalnoi biudzhetnoi polityky z vymohamy mizhnarodnykh finansovykh instytutsii: pozytyvni ta superechlyvi naslidky“ [Coordination of national budgetary policy with the requirements of international financial institutions: positive and contradictory effects]. Hlobalni ta natsionalni problemy ekonomiky, no. 6 (2015): 836-841.

Section: Economics and national economy management
UDC 336.027
Sitash T. D., Nagaichuk V. V.
The State Fiscal Policy: Determinants and Optimization of Financial Flows (p. 128 - 132)
The article outlines the determinants of the state fiscal policy at the present stage of global transformations. Using the principles of financial science it is determined that regulation of financial flows within the fiscal sphere, namely centralization and redistribution of the GDP, which results in the regulation of the financial capacity of economic agents, is of importance. It is emphasized that the urgent measure for improving the tax model is re-considering the provision of fiscal incentives, which are used to stimulate the accumulation of capital, investment activity, innovation, increase of the competitiveness of national products, expansion of exports, increase of the level of the population employment. The necessity of applying the instruments of fiscal regulation of financial flows, which should take place on the basis of institutional economics emphasizing the analysis of institutional changes, the evolution of institutions and their impact on the behavior of participants of economic relations. At the same time it is determined that the maximum effect of fiscal regulation of financial flows is ensured when application of fiscal instruments is aimed not only at achieving the target values of parameters of financial flows but at overcoming institutional deformations as well. It is determined that the optimal movement of financial flows enables creating favorable conditions for development and maintenance of financial balance in the society and achievement of the necessary level of competitiveness of the national economy.
Keywords: state fiscal policy, financial flows, fiscal management.
Bibl.: 11.

Sitash Tetiana D. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Management, Vinnytsia Institute of Economics and Social Sciences of the University «Ukraine» (23a Khmelnytske Hwy, Vinnytsia, 21000, Ukraine)
Email: sittanya@mail.ru
Nagaichuk Viktoriia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance and Credit, Vinnitsa Educational and Research Institute of Economy of the Ternopil National Economic University (37 Honty Str., Vinnytsia, 21021, Ukraine)
Email: nagaichukv@mail.ru

Reference to this article:
Sitash, Tetiana D., and Nagaichuk, Viktoriia V. (2017) “The State Fiscal Policy: Determinants and Optimization of Financial Flows.” The Problems of Economy 1:128–132.

List of references in article

Adamenko, I. P. “Finansova polityka yak instrument sotsialno-ekonomichnoho rozvytku krainy“ [Fiscal policy as a tool for socio-economic development of the country]. Biznes Inform, no. 3 (2014): 341-345.
Demianyshyn, V. H.Teoretychna kontseptualizatsiia i praktychna realizatsiia biudzhetnoi doktryny Ukrainy [Theoretical conceptualization and practical implementation of budget doctrine of Ukraine]. Ternopil: TNEU, 2008.
Blankart, Sh. Derzhavni finansy v umovakh demokratyzatsii: Vstup do finansovoi nauky [Public finances in the context of democratization: an Introduction to financial science]. Kyiv: Lybid, 2000.
Biukenen, Dzh. M., and Mashreiv, R. A. Suspilni finansy i suspilnyi vybir: Dva protylezhni bachennia derzhavy [Public Finance and public choice: Two contrasting visions of the state]. Kyiv: Akademiia, 2004.
Zapatrina, I. V. “Formuvannia finansovoi polityky derzhavy: yevrointehratsiinyi vymir“ [The formation of the state financial policy: European integration dimension]. Visnyk KNTEU, no. 2 (2012): 59-73.
Keyns, Dzh. M. Obshchaya teoriya zanyatosti, protsenta i deneg [General theory of employment, percentage and money]. Moscow: Gelios, 2012.
Denysenko, D. “Fiskalna polityka derzhavy ta mekhanizm yii realizatsii v perekhidnii ekonomitsi“ [The fiscal policy of the state and the mechanism of its implementation in transition economies]. www.nauka.com/12_ENXXI_2015/Economics/65434.doc.htm
Paientko, T. V. “Instrumenty fiskalnoho rehuliuvannia finansovykh potokiv“ [Tools of fiscal regulation of financial flows]. www.economy.nayka.com.ua/?op_2014=1&z=659
Oleinikova, L. H. “Udoskonalennia fiskalnoi polityky Ukrainy v ramkakh antykryzovoi prohramy“ [Improvement of fiscal policy of Ukraine within the anti-crisis program]. www.nbuv.gov.ua/portal/natural/vznu/eco/2014_38-144.pdf
Stihlits, Dzh. E. Ekonomika derzhavnoho sektora [Economics of the public sector]. Kyiv: Osnovy, 1998.
Yurii, S., Krysovatyi I., and Koshchuk, T. Suchasni tendentsii rozvytku yevropeiskoho opodatkuvannia ta novitnia paradyhma podatkovoi polityky v Ukraini [Modern trends in the development of European taxation and recent tax policy paradigm in Ukraine]. Ternopil: TNEU, 2010.

Section: Economics and national economy management
UDC 330.564
Feofanova I. V., Feofanov L. K.
Microeconomic and Macroeconomic Aspects of the Inequality in Ukraine (p. 133 - 138)
The aim of the article is to study the distribution of income in Ukraine and indentify the level of inequality, as well as its causes. Official statistics do not give a real picture of the economic inequality in Ukraine. It was found out that the level of remuneration of labor is characterized by significant differentiation: the ratio of the minimum wage to the average wage was 0.263 in 2015. The minimum level of remuneration of managers of state companies exceeded the minimum wage in 2016 by 250 times. The share of capital in the national income in 2014-2015 grew to 50 %, which indicates the distribution of income in favor of the capital owners and the deterioration of the position of employees. The excess of the return on capital (10 %) over the average rate of economic growth (4 %) will increase the inequality in the future. The reasons for the growing inequality in Ukraine is the orientation in international competition for capital on the model of “cheap labor”, unfair taxation of income from capital, corruption, shadow economy.
Keywords: inequality, income distribution, wages, capital.
Fig.: 1. Tabl.: 2. Bibl.: 9.

Feofanova Iryna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Analysis, Taxation and Audit, Zaporizhzhia State Engineering Academy (226 Sobornyi Ave., Zaporizhzhia, 69006, Ukraine)
Email: feofanovaiv@mail.ru
Feofanov Lev K. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Analysis, Taxation and Audit, Zaporizhzhia State Engineering Academy (226 Sobornyi Ave., Zaporizhzhia, 69006, Ukraine)
Email: feofanovlk@mail.ru

Reference to this article:
Feofanova, Iryna V., and Feofanov, Lev K. (2017) “Microeconomic and Macroeconomic Aspects of the Inequality in Ukraine.” The Problems of Economy 1:133–138.

List of references in article

Stiglits, D. Velikoye razdeleniye. Neravenstvo v obshchestve, ili Chto delat ostavshimsya 99% naseleniya? [A great division. The inequality in society, or do the remaining 99% of the population?]. Moscow: Eksmo, 2016.
“DataBank. World Development Indicators“ The World Bank. http://databank.worldbank.org/data/reports.aspx?source=world-development-indicators
Semenchenko, A. V. “Udoskonalennia mekhanizmu derzhavnoho rehuliuvannia dokhodiv“ [Improving the mechanism of state regulation of income]. Biznes Inform, no. 5 (2016): 51-56.
Libanova, Ye. “Neravenstvo v ukrainskom obshchestve: istoki i sovremennost“ [Inequality in the Ukrainian society: origins and modernity]. Ekonomika Ukrainy, no. 3 (2014): 4-19.
Libanova, Ye. “Ukraina: glubina neravenstva“ [Ukraine: depth of inequality]. Zerkalo nedeli. http://zn.ua/columnists/ukraina-glubina-neravenstva-225941_.html
“Nazvany zarplaty rukovoditeley gosudarstvennykh predpriyatiy“ [Named the salaries of the heads of state enterprises]. Ekonomicheskiye izvestiya. http://news.eizvestia.com/news-markets/full/586-nazvany-zarplaty-rukovoditelej-gosudarstvennyh-predpriyatij
Piketti, T. Kapital v XXI veke [Capital in the twenty-first century]. Moscow: Ad Marginem Press, 2015.
Kriuchkova, I. V. “Makrostrukturni chynnyky investytsiinykh kryz v ekonomitsi Ukrainy vprodovzh 1991-2015 rr.“ [Macro-structural factors of investment crisis in the economy of Ukraine for the period 1991-2015]. Ekonomika i prohnozuvannia, no. 1 (2016): 23-38.
Kukhta, P., and Myagkiy, N. “Ukraina v lovushke srednego dokhoda“ [Ukraine in the middle-income trap]. Zerkalo nedeli. http://gazeta.zn.ua/macrolevel/ukraina-v-lovushke-srednego-dohoda.html

Section: Economics and national economy management
UDC 338.486.5:303.09
Shevchenko H. M.
Theoretical and Methodological Approaches to Conducting Predictive Evaluation of the Balanced Development of Recreation in Ukraine (p. 139 - 145)
The aim of the article is to improve the principles of predictive evaluation of the recreation development and methods used on their basis in view of the dynamic balance in the management system of the national economy. The approaches and principles of predicting the balanced development of recreation in the management system of the national economy are enhanced by the criteria of considering the specifics of the socio-economic nature of recreation, optimizing the description of recreation as a prediction object, consistency and similarity, etc., which makes it possible to increase their interrelation with prediction methods in conducting the theoretical and methodical analysis of equilibrium states of recreational activities. There proposed a comprehensive approach to synthesizing methods for predicting the balanced development of recreation, which manifests itself in the determined closeness of their internal interrelations. An econometric scenario approach to predictive evaluation of balanced development of recreation in accordance with the continuum from pessimistic to optimistic character of forecasts is also developed.
Keywords: recreation, balanced development, predictive evaluation.
Fig.: 5. Tabl.: 3. Formulae: 2. Bibl.: 11.

Shevchenko Hanna M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management, Sumy State University (116 Kharkivska Str., Sumy, 40007, Ukraine)
Email: annshev@ukr.net

Reference to this article:
Shevchenko, Hanna M. (2017) “Theoretical and Methodological Approaches to Conducting Predictive Evaluation of the Balanced Development of Recreation in Ukraine.” The Problems of Economy 1:139–145.

List of references in article

Kyfiak, V. F. Orhanizatsiia turyzmu [Tourism]. Chernivtsi, 2008.
Stafiichuk, V. I. Rekrealohiia [Recrealogy]. Kyiv: Alterpres, 2008.
Cherchyk, L., and Mostenets, O. Mekhanizm zabezpechennia konkurentospromozhnosti rekreatsiinoi systemy rehionu [The mechanism of ensuring competitiveness of the recreation system of region]. Lutsk: Skhidnoievropeiskyi natsionalnyi universytet im. Lesi Ukrainky, 2016.
Amore, A., and Hall, C. “From governance to meta-governance in tourism? Re-incorporating politics, interests and values in the analysis of tourism governance“ Tourism recreation research vol. 41, no. 2 (2016): 109-122.
Santos, T., Mendes, R., and Vasco, A. “Recreational activities in urban parks: spatial interactions among users“ Journal of outdoor recreation and tourism vol. 15 (2016): 1-9.
Schneider, I., and Wynveen, C. “Exploring outdoor recreation conflict's role in evolving constraints models“ Journal of outdoor recreation and tourism vol. 9 (2015): 37-43.
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Abraham, B., and Ledolter, J. Statistical methods for forecasting Hoboken: John Wiley & Sons, Inc., 2005.
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Derzhavna sluzhba statystyky Ukrainy: ofits. sait. http://www.ukrstat.gov.ua/

Section: Economics and national economy management
UDC 338.2:338.43
Shibaeva N. V., Baban T. O.
Indicators of Effectiveness of the Regulatory Policy in the Agrarian Sphere (p. 146 - 154)
Indicators reflecting the results of state regulation of agriculture are analyzed. The article presents a classification of indicators of regulatory policy assessment in the agrarian sphere based on such features as period of use, stage of activity, form of influence, degree of formalization, sphere of manifestation, base of monitoring. There specified a set of indicators that will enable to more objectively measure the integral effect of the regulatory policy in the direction of creating and supporting market institutions; ensuring the implementation of effective principles, forms, methods, levers, tools in the process of forming the organizational and economic regulatory policy mechanism in order to achieve profitability of production at the level providing for extended reproduction, which is inherent in sustainable development, creation of favorable living conditions for rural residents, improvement of welfare, expansion of the country’s export potential.
Keywords: regulatory policy, agrarian sphere, indicators, formalized indicators, intuitive indicators.
Tabl.: 8. Bibl.: 17.

Shibaeva Natalia V. – Candidate of Sciences (Economics), Associate Professor, Department of Economics and Marketing, Kharkiv P. Vasylenko National Technical University of Agriculture (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: shibaevanv@list.ru
Baban Tetyana O. – Senior Lecturer, Department of Economics and Marketing, Kharkiv P. Vasylenko National Technical University of Agriculture (44 Alchevskykh Str., Kharkiv, 61002, Ukraine)
Email: babanto@ukr.net

Reference to this article:
Shibaeva, Natalia V., and Baban, Tetyana O. (2017) “Indicators of Effectiveness of the Regulatory Policy in the Agrarian Sphere.” The Problems of Economy 1:146–154.

List of references in article

Liapin, D. V., and Sereda, M. L. Novi mozhlyvosti rehuliatornoi polityky [New opportunities regulatory policy]. Kyiv: USAED LEV, 2015.
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Onehina, V. M. Derzhavne rehuliuvannia tsin i dokhodiv silskohospodarskykh tovarovyrobnykiv [State regulation of prices and of incomes of agricultural producers]. Kyiv: NNTs «Instytut ahrarnoi ekonomiky», 2007.
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“Statystychnyi shchorichnyk Ukrainy“ [Statistical Yearbook of Ukraine]. http://www.ukrstat.gov.ua/druk/publicat/kat_u/publ1_u.htm

Section: Regional economy
UDC 332.1:338.49
Bielikova N. V., Gretska-Mirgorodska V. V.
Branding as an Element of the Strategy of Social and Economic Development of the City (p. 155 - 161)
The analysis of the evolutionary stages of the scientific and methodological support of the branding of cities is presented and the components of the city brand related to the basic indicators of its social and economic development are proposed. It is proved that under the current conditions of economic globalization and regional integration, the competition between territories is intensifying, which requires local authorities to develop new approaches to the branding of cities. The aim of the article is to substantiate the components of the city branding in the development of the strategy of social and economic development of the city. Analysis of the stages of evolution of scientific and methodological support for the branding of cities demonstrates the expansion of its tools and its inclusion in the strategies of social and economic development of cities. It is determined that the main constituents of the city brand are: importance of the city in the country and the region; human capital; economy, industry, innovations; ease of doing business; health protection; education, culture, sport, urban infrastructure. Methodical approach to the implementation of the city branding within the framework of its socio-economic development strategy involves the implementation of interrelated stages: SWOT analysis of the social and economic system of the city; formation of the list of competitive advantages of the city; determination of priority directions for the development of the city, etc.
Keywords: city branding, social and economic development of cities, social and economic development strategy of the city, SWOT analysis, investment attractiveness.
Fig.: 3. Tabl.: 1. Bibl.: 20.

Bielikova Nadiia V. – Doctor of Sciences (Economics), Professor, academic secretary, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: nadezdabelikova@gmail.com
Gretska-Mirgorodska Viktoriya V. – Deputy Director, Department for Family, Youth and Sports, Kharkiv City Council (7 Konstytutsіi Square, Kharkіv, 61003, Ukraine)
Email: dep_molod@city.kharkov.ua

Reference to this article:
Bielikova, Nadiia V., and Gretska-Mirgorodska, Viktoriya V. (2017) “Branding as an Element of the Strategy of Social and Economic Development of the City.” The Problems of Economy 1:155–161.

List of references in article

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Kryvoshein, V. “Polityka brendynhu i politychna samorealizatsiia terytorii u mizhdystsyplinarnomu poli“ [Branding policy the political fulfillment of the territories in the interdisciplinary field of]. Hrani, no. 7 (111) (2014): 138-141.
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Turiianska, M. M. “Brendynh terytorii yak kontseptsiia upravlinnia terytorialnym rozvytkom“ [Territory branding as a concept of management of territorial development]. Visnyk DITB, no. 18 (2014): 86-90.
“World Tourism Organization“ http://www2.unwto.org/
Inkovska, Yu. “Napriamy realizatsii derzhavnoi polityky brendynhu terytorii v Ukraini“ [Directions of realizing state policy of branding of territories in Ukraine]. http://www.irbis-nbuv.gov.ua/cgi-bin/.../cgiirbis_64.exe?...
Kolesnytska, N. “Alhorytm formuvannia rehionalnykh brendiv“ [The algorithm of formation of regional brands]. http://social-science.com.ua/article/1005
Myroshnychenko, V. “Natsionalnyi brendynh Ukrainy“ [The national branding of Ukraine]. http://www./innovations.com.ua›ua/articles/14169/temp
Pritychenko, T. I, Prokhorova, T. P., and Rozhko, V. I. “Formirovaniye brenda territorii na primere Kharkovskoy oblasti“ [The formation of a territorial brand using example of the Kharkiv region]. Biznes Inform, no. 3 (2014): 83-93.
Soskin, O., Soprun, A., and Vereshchuk, I. “Brendynh i promoushen malykh mist: dosvid krain vyshehradskoi hrupy dlia Ukrainy (naukova informatsiia)“ [Branding and promotion of small towns: the experience of Visegrad countries for Ukraine (scientific information)]. Ekonomichnyi chasopys-XXI, no. 7-8 (2010): 49-55.
Sharomov, A. “Kak sozdaetsya i prodvigaetsya brend regiona. Korporativnaya imidzhelogiya“ [As created and promoted the brand in the region. Corporate image studies]. http://www.marketing.spb.ru/lib-special/case/kmad_brand.htm
Hlukha, V. V. “Vdoskonalennia ekonomichnoho mekhanizmu derzhavnoho rehuliuvannia depresyvnykh rehioniv shliakhom vprovadzhennia stratehii brendynhu terytorii“ [Improving the economic mechanism of state regulation of depressive regions through the implementation of strategies for branding]. Ekonomika ta derzhava, no. 3 (2014): 128-130.

Section: Regional economy
UDC 338.2
Hubarieva I. O., Khaustova V. Y., Tyschenko V. F.
The Economic Security of the City in the Strategic Management System (p. 162 - 171)
The article investigates the problem of economic security of the city in the strategic management system. The article describes the process of ensuring the economic security of the city. The organizational approach was approved using the example of Kharkiv city. The list of threats to the economic security of the city and their urgency is justified by combining such methods as expert surveys, SWOT-analysis and the hierarchy analysis method. There proposed a methodical approach to assessing the economic security of the city based on a hierarchically built system of indices (integral, complex and partial), which allowed determining the level of economic security of the city and imbalances in the development of its functional components. It is proposed to work out scenarios for ensuring the economic security of the city by combining the cognitive modeling and the scenario approach, which makes it possible to determine directions of the implementation of the strategy for ensuring the economic security of the city and choose leverages of state regulation. There presented a mechanism for ensuring the economic security of the city, which includes the following elements: an action plan to implement the strategy for ensuring the economic security of the city; institutional and organizational support; programming and project planning; scientific and methodological support; financial support. The obtained results reveal, deepen and establish conceptual foundations for ensuring the economic security of the city.
Keywords: management, economic security, public administration, threat to the economic security, process of ensuring the economic security of the city, assessment of the economic security, modeling, SWOT-analysis, method of hierarchy analysis, cognitive modeling.
Fig.: 1. Tabl.: 1. Bibl.: 27.

Hubarieva Iryna O. – Doctor of Sciences (Economics), Professor, Deputy Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: gubarievairyna@gmail.com
Khaustova Viktoriia Ye. – Doctor of Sciences (Economics), Professor, Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: v.khaust@gmail.com
Tyschenko Viktoriia F. – Doctor of Sciences (Economics), Associate Professor, Senior Research Fellow, Department of Macroeconomic Policy and Regional Development, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: maugli1978@mail.ru

Reference to this article:
Hubarieva, Iryna O., Khaustova, Viktoriia Ye., and Tyschenko, Viktoriia F. (2017) “The Economic Security of the City in the Strategic Management System.” The Problems of Economy 1:162–171.

List of references in article

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Predborskyi, V. A. Detinizatsiia ekonomiky u konteksti transformatsiinykh protsesiv. Pytannia teorii ta metodolohii [Unshadowing of the economy in the context of transformation processes. Issues of theory and methodology]. Kyiv: Kondor, 2005.
Honcharenko, O. M. “Priorytety ta zasady formuvannia intehralnoi stratehii natsionalnoi bezpeky na perspektyvu“ [Priorities and principles of the integrated national security strategy for the future]. Ukraina - 2010. http://old.niss.gov.ua/book/journal/ukr2010.htm#b4
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Kolodiziev, O., and Gontar, D. “Scenario modelling of the bank's market value strategic management“ http://soskin.info/en/ea/2014/9-10/contents_322.html
Geyman, O. A. Nelineynost ekonomiki i neravnomernost razvitiya regionov [The nonlinearity of the economy and the uneven development of regions]. Kharkiv: FLP Liburkina L. M.; ID «INZhEK», 2009.

Section: Economics and Enterprise Management
UDC 339:330.322+332.15
Berveno O. V., Miroshnichenko Y. V.
Stimulation of Investment Activity of Trade Enterprises (p. 172 - 177)
The increasing of investment attractiveness of an enterprise for external and internal investors and efficient management of investments play an important role in ensuring the enterprise competitiveness in the market. The purpose of the article is to analyze the essence, features of formation and activation of investment activity of a trade enterprise and the problems it faces in this activity. There proposed the following definition of investments: these are all types of money, property and intellectual contributions aimed to obtain an economic or social effect in the future with regard to possible risks. The effectiveness of using investments is reflected in such final results as the financial condition of the enterprise, its competitiveness, availability of new prospects, and capitalization of the market value of the enterprise, which can be ensured not by increasing the absolute value of capital investments but by achieving greater efficiency per unit of capital. The investment activity of the enterprise implies the existence of a clearly formulated and achievable goal, which is the basis of its own development, and requires the development of a comprehensive investment strategy. The authors developed methodological approaches to improving investment activities of trade enterprises; substantiated the leading role of the state in enhancing investment activities of trade enterprises and creating conditions for effective implementation of the enterprise investment potential. The proposals formulated in the work will help to increase the competitiveness of domestic trade enterprises.
Keywords: investment, investment activity, investment policy, investment management, investment strategy, investment attractiveness.
Fig.: 1. Tabl.: 1. Bibl.: 13.

Berveno Oksana V. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Economic Theory and International Economics, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: bervenooksana@gmail.com
Miroshnichenko Yuriy V. – Candidate of Sciences (Engineering), Associate Professor, Department of Management, Kharkiv Institute of Trade and Economics of Kiev National University of Trade and Economics (8 Otakara Yarosha Lane, Kharkіv, 61045, Ukraine)
Email: yuriy.inst@rambler.ru

Reference to this article:
Berveno, Oksana V., and Miroshnichenko, Yuriy V. (2017) “Stimulation of Investment Activity of Trade Enterprises.” The Problems of Economy 1:172–177.

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Section: Economics and Enterprise Management
UDC 657.01
Burlan S. A., Katkova N. V.
Problems and Preconditions of Ensuring Effectiveness of the Accounting and Control of Implementation of the Enterprise Development Strategy (p. 178 - 183)
The main problem aspects of building an effective system of accounting and control at the strategic level of the enterprise are considered. The guidelines for the formation and management of this system in the modern business environment are outlined. The principles of ensuring effectiveness of the accounting and control of implementation of the enterprise development strategy are defined. Taking into account the identified problems of formation of accounting and control support for the implementation of the enterprise development strategy, a list of preconditions of the effective use of accounting and control tools in the strategic management of a modern enterprise is formulated. It is characterized by the focus on promoting the strategic management process and assessing the achievement of long-term objectives of the enterprise; orientation on processes and actions in terms of creation of cost of the enterprise and its production; identification of the cost-accounting factors having a long-term impact on the performance of the enterprise; interpretation of information on intangible resources as information of strategic significance; use of non-financial measures in the assessment of its processes and performance; comprehensive and flexible use of various approaches and methods of management accounting and control.
Keywords: enterprise, management accounting, strategic accounting, control, management, development strategy, efficiency, resources, results.
Fig.: 2. Bibl.: 16.

Burlan Svitlana A. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Accounting and Auditing, Petro Mohyla Black Sea National University (10 68 Desantnykіv Str., Mykolaiv, 54003, Ukraine)
Email: audit.svetla@gmail.com
Katkova Natalia V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Accounting and Economic Analysis, Admiral Makarov National University of Shipbuilding (9 Heroiv Ukrainy Ave., Mykolaiv, 54025, Ukraine)
Email: nataliavkatkova@gmail.com

Reference to this article:
Burlan, Svitlana A., and Katkova, Natalia V. (2017) “Problems and Preconditions of Ensuring Effectiveness of the Accounting and Control of Implementation of the Enterprise Development Strategy.” The Problems of Economy 1:178–183.

List of references in article

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Section: Economics and Enterprise Management
UDC 65.016.2:657
Butnik-Sivers?kyy O. B.
Features of the Formation of Economic Sustainability at Different Stages of the Enterprise’s Functioning (p. 184 - 188)
Given the importance of stakeholders in ensuring economic sustainability, the aim of the article is to determine the priority of their groups at different stages of the enterprise’s functioning (creation, adaptation, growth, development). It is shown that at the stage of creating the company, the priority stakeholders are the shareholders and creditors as providers of financial resources, as well as customers as the source of formation of the market resource. At the growth stage, stakeholders should be ranked based on their ability to meet the company’s needs at the new level and create conditions for expanding the debt financing tools. It is noted that the formed high ranking positions of the enterprise reduce the role of financial stakeholders and actualize the priority of partnership relations that ensure its innovative development. Attention is focused on the fact that corporate conflicts: “agent-principal” and “principal-principal” present the threat of loss of economic sustainability at any stage of the enterprise’s functioning, which requires their compromise resolving. It is stated that the formation of the economic sustainability of enterprises is largely determined by the expansion of partnership relations and balancing the interests of stakeholders. The latter should be based on the priority of the resource contribution (volume, specificity of resources) and the opportunities of the influence of a certain interested party on the company (destructive, constructive ones).
Keywords: stakeholders, interests, economic sustainability, adaptation, growth, development, conflicts, partnership relations.
Bibl.: 11.

Butnik-Sivers?kyy Oleksandr B. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economics, Accounting and Finance, Institute of Post-Diploma Training of the National University of Food Technologies (8a Estonska Str., Kyiv, 03190, Ukraine)

Reference to this article:
Butnik-Sivers?kyy, Oleksandr B. (2017) “Features of the Formation of Economic Sustainability at Different Stages of the Enterprise’s Functioning.” The Problems of Economy 1:184–188.

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Foster, R., and Kaplan, S. Sozidatelnoye razrusheniye. Pochemu kompanii, «postroyennyye navechno», pokazyvayut ne luchshiye rezultaty i chto nado sdelat, chtoby podnyat ikh effektivnost [Creative destruction. Why companies, "built to last", do not show better results and what to do to raise their efficiency]. Moscow: Alpina Biznes Buks, 2005.
Jiang, Y., and Peng, M. “Are Family Ownership and Control in Large Firms Good, Bad, or Irrelevant?“ Asia Pacific Journal of Management vol. 28, no. 1 (2011): 15-39.
Utami, S., and Inanga, E. “Agency Costs of Free Cash Flow, Dividend Policy, and Leverage of Firms in Indonesia“ European Journal of Economics, Finance and Administrative Sciences vol. 33 (2011): 7-18.
Sauerwald, S., and Peng, M. “Informal Institutions, Shareholder Coalitions and Principal-Principal Conflicts“ Asia Pacific Journal of Management vol. 30, no. 3 (2013): 853-870.
Bek, N. et al. “Perspectives of SME innovation clusters development in Russia“ Journal of Business and Industrial Marketing vol. 28, no. 3 (2013): 240-259.

Section: Economics and Enterprise Management
UDC 33.005.95/.96
Danko N. I., Khmelova O. A.
Application of Models of Corporate Cultures at Tourism Enterprises (p. 189 - 194)
The significance and peculiarities of the formation of corporate culture for the employees working at enterprises of the tourist business are analyzed. Particular importance is given to the cultures that enable creating a team for the effective operation of the enterprise. There identified several types of cultures that have appropriate characteristics for their introduction into the work of tourist enterprises. Each model has its own minuses and pluses, knowing which it’s possible not to adhere to only one culture, but, on the contrary, having analyzed all the components, to implement the measures necessary to solve individual problems of a certain company. In the tourist market there exist many diverse enterprises, for management of which it is necessary to determine their individual path of development.
Keywords: corporate culture, employee, team, corporate values, trust, “employee voice”.
Fig.: 5. Tabl.: 1. Bibl.: 12.

Danko Natalia I. – Candidate of Sciences (Economics), Associate Professor, Head of the Department, Department of International E-Commerce and Hotel and Restaurant Business, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: n.danko@karazin.ua
Khmelova Olesia A. – Student, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: Berru2000@mail.ru

Reference to this article:
Danko, Natalia I., and Khmelova, Olesia A. (2017) “Application of Models of Corporate Cultures at Tourism Enterprises.” The Problems of Economy 1:189–194.

List of references in article

Babina, N. I. “Model formuvannia korporatyvnoi kultury hotelnykh pidpryiemstv“ [The model of formation of corporate culture of hotel businesses]. http://infotour.in.ua/babina.htm
Bazarova, T. Yu. Upravleniye personalom [Personnel management]. Moscow: YuNITI, 1998.
Lapina, T. A. Korporativnaya kultura [Corporate culture]. Omsk: Izd-vo OmGU, 2005.
Radugin, A. A., and Radugin, K. A. Vvedeniye v menedzhment: sotsiologiya organizatsiy i upravleniya [Introduction to management: sociology of organizations and management]. Voronezh: Vysshaya shkola predprinimateley, 1995.
“Korporatyvna kultura“ [Corporate culture]. Vikipediia: Vilna entsyklopediia. https://uk.wikipedia.org/wiki/Корпоративна_культура
Naukovyi forum «Shangingminds». http://changingminds.org/explanations/culture/culture.htm
Tarasiuk, V. D. “Elementy ta faktory formuvannia orhanizatsiinoi kultury pidpryiemstva“ [Elements and factors of formation of organizational culture of the enterprise]. Vcheni zapysky Tavriiskoho natsionalnoho universytetu im. V. I. Vernadskoho. Seriia «Ekonomika i upravlinnia» vol. 22 (61), no. 2 (2009): 333-340.
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Deal, T., and Kennedy, A. Corporate cultures, the rites and rituals of corporate life New York: Perseus Books Publ., 2000.
Cameron, K. S., and Quinn, R. E. Diagnosing and Changing Organizational Culture: Based on the Competing Values Framework New Jersey: Printice Hall, 2011, 288 p.
Khendi, Ch. Budushcheye korporatsiy i malykh predpriyatiy [The future of corporations and small businesses]. Moscow: Alpina Biznes Buks, 2008.
Khendi, Ch. Vremya bezrassudstva [The time of recklessness]. St. Petersburg: Piter, 2001.

Section: Economics and Enterprise Management
UDC 303.01:657
Iershova N. Y.
The Conceptual Framework of Strategic Management Accounting (p. 195 - 202)
The aim of the article is to elaborate a conceptual framework for strategic management accounting. By analyzing, systematizing and generalizing the structural and characteristic approaches of many scientists, the content of the concept “strategic management accounting” is defined; the identification of system-forming elements of the conceptual framework of strategic management accounting is presented. Based on the results of the research, the conceptual framework of strategic management accounting revealing the economic mechanism of its functioning is elaborated; scientific approaches that ensure its development as a holistic system and empirical science are defined; the methodology determining the organizational and methodological possibilities of its practical building at enterprises is improved. Prospects for further research in this area are the elaboration of a modern concept of strategic management accounting aimed at information-anticipating reflection of the events sequence and support of feedbacks based on proactive information support for strategic management.
Keywords: strategic management accounting, scientific approaches, conceptual framework, information support, strategic management.
Fig.: 2. Tabl.: 2. Bibl.: 21.

Iershova Natalia Yu. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economic Analysis and Accounting, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: natalia_iershova@mali.ru

Reference to this article:
Iershova, Natalia Yu. (2017) “The Conceptual Framework of Strategic Management Accounting.” The Problems of Economy 1:195–202.

List of references in article

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Pushkar, M. S. Kreatyvnyi oblik (stvorennia informatsii dlia menedzheriv) [Creative accounting (the creation of information for managers)]. Ternopil: Kart-Blansh, 2006.
Fatenok-Tkachuk, A. O. Zamoiska K. P. “Stratehichnyi oblik u systemi upravlinnia pidpryiemstvom“ [Strategic accounting in the enterprise management system]. http://ena.lp.edu.ua:8080/bitstream/ntb/12721/1/45_236
Kundria-Vysotska, A. P. “Zmistovni kharakterystyky stratehichnoi paradyhmy obliku“ [Characteristics of strategic paradigms of accounting]. Visnyk Zhytomyrskoho derzhavnoho tekhnolohichnoho universytetu. Seriia: Ekonomichni nauky vol. 2, no. 3 (2010): 137-139.
Holov, S. F. Upravlinskyi oblik [Management accounting]. Kyiv: Libra, 2006.
Shevchuk, V. R. “Stratehichnyi upravlinskyi oblik yak systema informatsiinoi pidtrymky konkurentnoi stratehii pidpryiemstva“ [Strategic management accounting as a system of information support of the competitive strategy of the enterprise]. http://irbis-nbuv.gov.ua/.../cgiirbis_64.exe
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Bogataya, I. N. Strategicheskiy uchet sobstvennosti predpriyatiya [Strategic account ownership enterprises]. Rostov n/D: Feniks, 2001.
Nikolayeva, O. Ye., and Alekseyeva, O. V. Strategicheskiy upravlencheskiy uchet [Strategic management accounting]. Moscow: Editorial URSS, 2003.
Manyayeva, V. A. “Teoreticheskiye osnovy razvitiya strategicheskogo upravlencheskogo ucheta“ [Theoretical basis for the development of strategic management accounting]. Vestnik Samarskogo gosudarstvennogo universiteta. Ekonomika, no. 1 (63) (2010): 47-51.
Glushchenko, A. V., and Samedova, E. N. “Kontseptualnyye osnovy upravlencheskogo ucheta“ [Conceptual foundations of management accounting]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 3: Ekonomika. Ekologiya, no. 2 (21) (2012): 181-187.
Samedova, E. N. “Ponyatiyno-kategorialnyy analiz sistemy upravlencheskogo ucheta“ [Conceptual-categorical analysis of management accounting system]. Vestnik Astrakhanskogo gosudarstvennogo tekhnicheskogo universiteta. Seriya: Ekonomika, no. 2 (2010): 242-246.
Bondar, M. I. “Kontseptualni pidkhody shchodo rozvytku bukhhalterskoho obliku v Ukraini“ [Conceptual approaches to the development of accounting in Ukraine]. Rol i mistse bukhhalterskoho obliku, kontroliu i analizu v rozvytku ekonomichnoi nauky ta praktyky. Kyiv: KNEU, 2010.21-24.
Khorngren, Kh. Bukhgalterskiy uchet: upravlencheskiy aspekt [Accounting: managerial aspect]. Moscow: Finansy i statistika, 2000.
Rayzberg, B. A., Lozovskiy, L. Sh., and Starodubtseva, E. B. Sovremennyy ekonomicheskiy slovar [The dictionary of modern Economics]. Moscow: Infra-M, 2010.
Yershova, N. Yu. “Innovatsii stratehichnoho upravlinskoho obliku“ [Innovation strategic management accounting]. Naukovyi visnyk Mizhnarodnoho humanitarnoho universytetu. Seriia: Ekonomika i menedzhment, no. 15 (2016): 128-132.
Ivanskyi, A. I. “Finansovo-pravova vidpovidalnist v suchasnii Ukrainy: teoretychne doslidzhennia“ [Financial and legal responsibility in modern Ukraine: a theoretical study]. avtoref. dys. ... d-ra yuryd. nauk: 12.00.07, 2009.

Section: Economics and Enterprise Management
UDC 65.01
Klyuvak O. V.
Diagnostics of the Enterprise Participation in Electronic Public Procurement: the Aspect of Logistics Management (p. 203 - 210)
The aim of the article is to formulate and develop the theoretical and methodological foundations for the functioning of the electronic public procurement system in the logistic environment and develop an approach to determining the level of enterprise readiness for participation in electronic public procurement based on the logistic management of information, financial, information and financial flows, document flows, flows of goods, flows of work and services. The classification of groups of temporary, quantitative, qualitative, cost, technical and technological indicators as well as indicators of the level of readiness of the electronic public procurement system at the macro- and microlevels is proposed. It is recommended to consider the readiness to participate in electronic public procurement and the effectiveness of fulfilling obligations to the customer after the completion of the tender process to be the key indicators for the enterprise. There developed an approach to determining the level of enterprise readiness for participation in electronic public procurement on the basis of a set of criteria related to management of information logistics systems, financial logistics, information and financial logistics, document management, commodity logistics, logistics services and works. Prospects for further research in this direction are development of an approach to financial and economic analysis and evaluation of the effectiveness of the tender security mechanism in the system of electronic public procurement in Ukraine and countries of the European Union.
Keywords: enterprise, electronic public procurement system, document management, logistics management, level of readiness.
Fig.: 4. Tabl.: 1. Bibl.: 14.

Klyuvak Oksana V. – Candidate of Sciences (Economics), Lecturer, Department of Business Economy and Information Technology, Lviv University of Business and Law (99 Kulparkіvska Str., Lviv, 79021, Ukraine)
Email: oksana_klyuvak@ukr.net

Reference to this article:
Klyuvak, Oksana V. (2017) “Diagnostics of the Enterprise Participation in Electronic Public Procurement: the Aspect of Logistics Management.” The Problems of Economy 1:203–210.

List of references in article

Krykavskyi, Ye., and Patora, R. “Lohistyka: tradytsiini i netradytsiini sfery vykorystannia“ [Logistics: conventional and unconventional areas of use]. Visnyk natsionalnoho universytetu «Lvivska politekhnika». Lohistyka, no. 552 (2006): 62-75.
Yuzevych, V. M., Kliuvak, O. V., and Skrynkovskyi, R. M. “Diahnostyka systemy vzaiemodii derzhavy ta biznesu v aspekti elektronnykh publichnykh zakupivel“ [Diagnostics of system of interaction of state and business in the aspect of electronic public procurement]. Ekonomichnyi chasopys-XXI (Economic Annals-XXI), no. 7-8 (2016): 39-44.
Uzunov, F. V. “Udoskonalennia instrumentariiu realizatsii derzhavno-pryvatnoho partnerstva v Ukraini“ [Improving the tools for implementing public-private partnership in Ukraine]. avtoref. dys. ... d-ra nauk z derzh. upr. : 25.00.02, 2015.
Frolov, S. M., and Yeremeichuk, R. A. “Finansovi aspekty publichno-pryvatnoho partnerstva“ [Financial aspects of public-private partnerships]. Ekonomika rozvytku. http://www.ed.ksue.edu.ua/ER/knt/ee134_68/e134flo.pdf
Karyi, O. I., Protsak, K. V., and Mavrina, A. O. “Proekty derzhavno-pryvatnoho partnerstva: kliuchovi problemy praktychnoi realizatsii“ [Projects of public-private partnerships: challenges of practical implementation]. Ekonomichnyi analiz vol. 20 (2015): 35-44.
Semenchenko, A. I. “Pidkhid do elektronnoho uriaduvannia v umovakh suchasnykh vyklykiv ta zahroz v Ukraini“ [Approach to e-governance in the context of modern challenges and threats in Ukraine]. http://www.e-gov.in.ua/idata/files/140612-123637-4897.pdf
ProZorro - elektronna systema publichnykh zakupivel: ofits. veb-sait. https://prozorro.gov.ua/
Modul analityky ProZorro: ofits. veb-sait. http://bi.prozorro.org/
[Legal Act of Ukraine] (2015). http://zakon2.rada.gov.ua/laws/show/922-19
[Legal Act of Ukraine] (2016). http://zakon3.rada.gov.ua/laws/show/z0449-16
[Legal Act of Ukraine] (2015). http://zakon2.rada.gov.ua/laws/show/675-19
[Legal Act of Ukraine] (2003). http://zakon4.rada.gov.ua/laws/show/851-15
Holovanenko, M. V. “Efektyvnist derzhavnoi zakupivelnoi lohistyky v umovakh zaprovadzhennia systemy «Prozorro»“ [The efficiency of public procurement in the context of implementation of the system "ProZorro"]. Teoretychni ta prykladni pytannia ekonomiky, no. 2 (2016): 79-87.
Shmatko, N. M. “Upravlinnia hnuchkistiu pidpryiemstva“ [Control flexibility of the enterprise]. avtoref. dys. ... kand. ekon. nauk: 08.00.04, 2011.

Section: Economics and Enterprise Management
UDC 336.774.3
Krutova A. S., Kashchena N. B.
Theoretical and Methodological Aspects of Analysis of the Company’s Creditworthiness (p. 211 - 216)
The aim of the article is studying the theoretical foundations and developing practical recommendations on perfecting the methods of analysis of the company’s creditworthiness. It is proved that crediting creates conditions for improving the financial support of business structures and simultaneously requires an increased attention to effectiveness of the crediting activities of banks and possibility of reducing risks associated with the failure of borrowers to meet their debt obligations under the credit agreement. The state and trends of the changes in the crediting operations and income of Ukrainian banks are studied. The attention is concentrated on the fact that to determine the direction and content of the process of assessing the borrower’s ability to make timely payments on the granted credit, understanding the nature of the subject of assessment and choosing a scientific and reasonable method of analysis is important. The essence of the definition of “creditworthiness” is clarified and perspective areas of improving the analysis of the borrowers’ creditworthiness are identified to ensure the minimization of losses for banks and guarantee on-time performance of debt obligations under the credit agreement considering the specific terms of the contract, priorities in the bank operation, its specialization, position in the market, competitiveness, state of its relations with clients, the level of economic and political stability in the country. The above mentioned propositions will help to improve the organization of the analytical process of assessing the company’s creditworthiness and strengthen the information support of management decisions in management of credit risks of banks.
Keywords: credit process, creditworthiness, analysis, methods of creditworthiness assessment.
Fig.: 2. Tabl.: 2. Bibl.: 11.

Krutova Angelika S. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Finance, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: ankrutova@ukr.net
Kashchena Nataliya B. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Finance, Analysis and Insurance, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: natakaschena@gmail.com

Reference to this article:
Krutova, Angelika S., and Kashchena, Nataliya B. (2017) “Theoretical and Methodological Aspects of Analysis of the Company’s Creditworthiness.” The Problems of Economy 1:211–216.

List of references in article

“Osnovni pokaznyky diialnosti bankiv“ [Main indicators of activities of banks]. Natsionalnyi bank Ukrainy: ofits. internet-predstavnytstvo. https://bank.gov.ua/control/uk/publish/article?art_id=34661442
Chaikovskyi, Ya. I. “Napriamky vdoskonalennia metodyky analizu kredytospromozhnosti borzhnyka-iurydychnoi osoby“ [Directions of perfection of methods of analysis of the creditworthiness of the debtor-legal entity]. Ukrainska nauka: mynule, suchasne, maibutnie vol. 1, no. 19 (2014): 176-188.
Vyhovskyi, V. H. “Vyznachennia kredytospromozhnosti v ekonomichnii literaturi: otsinka pidkhodiv“ [The definition of solvency in the economic literature: evaluation of approaches]. Visnyk ZhDTU, no. 2 (64) (2013): 206-212.
Halasiuk, V. V. “Otsinka kredytospromozhnosti pozychalnykiv: shcho otsiniuiemo?“ [The loan underwriting: what is assessed?]. Visnyk Natsionalnoho banku Ukrainy, no. 5 (2001): 54-56.
Bordiuh, V. V. “Teoretychni osnovy otsinky kredytospromozhnosti pozychalnyka banku“ [The theoretical framework for the assessment of the creditworthiness of the borrower Bank]. Visnyk Universytetu bankivskoi spravy Natsionalnoho banku Ukrainy, no. 3 (2008): 112-115.
Prasolova, S. P., and Vovchenko, O. S. Bankivski operatsii [Banking]. Kyiv: TsUL, 2013.
Kovalchuk, N. O., and Paskar, M. O. “Udoskonalennia metodyk otsinky rivnia kredytospromozhnosti vitchyznianykh pidpryiemstv“ [Improvement of methodologies for assessing the creditworthiness of domestic enterprises]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu, no. 11 (2015): 91-94.
[Legal Act of Ukraine] (2012). http://zakon2.rada.gov.ua/laws/show/z0231-12
Melnyk, K. V. “Problemni aspekty otsinky kredytospromozhnosti pozychalnykiv“ [Problematic aspects of assessing the creditworthiness of borrowers]. Ekonomika i suspilstvo, no. 3 (2016): 433-438.
Svitlychna, V. Yu., and Fatieieva, Ye. H. “Aktualni pytannia orhanizatsii kredytnykh vidnosyn u diialnosti bankivskykh ustanov Ukrainy“ [Urgent issues of organization of credit relations in the banking institutions of Ukraine]. Komunalne hospodarstvo mist, no. 100 (2011): 252-262.
Aptekar, S. S., and Skomarovska, K. A. “Problemy i perspektyvy suchasnykh metodyk biznes-analizu v otsintsi kredytospromozhnosti pozychalnykiv“ [Problems and prospects of modern methods of business analysis in the assessment of the creditworthiness of the borrowers]. Problemy ekonomiky, no. 3 (2013): 261-266.

Section: Economics and Enterprise Management
UDC 005.336.4:334.716
Kuzmin O. Y., Sytnyk І. S.
Decomposition of Factors and Criteria for Evaluating the Process of Intellectualization of Enterprise Management Systems (p. 217 - 225)
The article presents the author’s vision of solving the scientific problem of determining factors of influence and forming criteria for evaluating the process of intellectualization of enterprise management systems. It is found that diagnostic evaluation of the process of intellectualization of enterprise management systems depends on the influence of factors of the internal environment of the management systems, personal motivation factors, and the external environment. There carried out decomposition of the process of intellectualization of management systems into separate constituents and group criteria for diagnosing and their detailed indicators are selected. The basic group criteria for evaluating the process of intellectualization of management systems include: knowledge potential of carriers of intelligence; human capital; intellectual competence level of the management personnel; motivation of carriers of intelligence; state of the management development; scientific and research potential; development of information and communication technologies; intellectual and economic activity; formation of intellectual capital; institutional development of the management system, formation of knowledge and innovation prospects; complexity of the intellectualization process.
Keywords: intellectualization, system of management, decomposition, factors, criteria, evaluation, diagnosing, process, integral index.
Fig.: 7. Bibl.: 13.

Kuzmin Oleh Ye. – Doctor of Sciences (Economics), Professor, Director, Scientific-Educational Institute of Economics and Management of the Lviv Polytechnic National University (5 Mytropolyta Andreia Str., Lviv, 79013, Ukraine)
Email: oleh.y.kuzmin@lpnu.ua
Sytnyk Іosyf S. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Department of Management and International Business, National University «Lviv Polytechnic» (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: SutnukY@ukr.net

Reference to this article:
Kuzmin, Oleh Ye., and Sytnyk, Іosyf S. (2017) “Decomposition of Factors and Criteria for Evaluating the Process of Intellectualization of Enterprise Management Systems.” The Problems of Economy 1:217–225.

List of references in article

Azhazha, M. A. “Intelektualizatsiia ekonomiky: innovatsiinyi i liudskyi potentsial v umovakh hlobalizatsii“ [Intellectualization of the economy: innovation and human potential in the context of globalization]. Problemy ekonomiky ta upravlinnia, no. 628 (2008): 11-17.
Boiko, T. L. “Upravlinnia intelektualnym potentsialom pidpryiemstv (za materialamy telekomunikatsiinykh pidpryiemstv Ukrainy)“ [Management of intellectual potential of enterprises (on materials of telecommunication enterprises of Ukraine)]. dys. … kand. ekon. nauk: 08.00.04, 2015.
Zharinova, A. H. “Obgruntuvannia i vybir kryteriiv efektyvnosti systemy upravlinnia intelektualnymy aktyvamy v Ukraini“ [The rationale for the choice of criteria of system effectiveness of management of intellectual assets in Ukraine]. Aktualni problemy ekonomiky, no. 12 (126) (2011): 91-101.
Kendiukhov, O. V. Efektyvne upravlinnia intelektualnym kapitalom [Effective management of intellectual capital]. Donetsk: DonUEP, 2008.
Kuzmin, O. Ye., and Melnyk, O. H. Osnovy menedzhmentu [Fundamentals of management]. Kyiv: Akademvydav, 2007.
Nili, E., Adams, K., and Kennerli, M. Prizma effektivnosti: Karta sbalansirovannykh pokazateley dlya izmereniya uspekha v biznese i upravleniya im [The performance prism: the Map balanced scorecard to measure success in business and management]. Dnepropetrovsk: Balans-Klub, 2003.
Nosova, T. I. “Upravlinnia intelektualnym potentsialom torhovelnykh pidpryiemstv“ [Management of intellectual potential of trade enterprises]. avtoref. dys. ... kand. ekon. nauk: 08.00.04, 2016.
Podolchak, N. Yu. “Otsiniuvannia rivnia sotsialno-ekonomichnoi efektyvnosti system menedzhmentu pidpryiemstv shliakhom zastosuvannia lokalnykh pokaznykiv“ [Assessment of the level of socio-economic efficiency of management systems of enterprises through the application of local indicators]. Visnyk Natsionalnoho universytetu “Lvivska politekhnika”. Menedzhment ta pidpryiemnytstvo v Ukraini: etapy stanovlennia ta problemy rozvytku”, no. 682 (2010): 106-115.
Rotan, N. V., and Komlichenko, O. A. “Metody otsinky intelektualnoho kapitalu turystychnoho pidpryiemstva“ [Methods of evaluation of intellectual capital of the tourist enterprise]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu vol. 3, no. 6 (2014): 110-113.
Khilukha, O. A., Kuzmin, O. Ye., and Lipych, L. H. Upravlinnia intelektualnym kapitalom mashynobudivnykh pidpryiemstv: teoretychni ta prykladni polozhennia [Intellectual capital management of engineering enterprises: theoretical and applied provisions]. Lutsk: Vezha-Druk, 2014.
Kholiavka, L. Yu. “Formuvannia i vykorystannia intelektualnoho potentsialu pidpryiemstva“ [Formation and use of intellectual potential of an enterprise]. avtoref. dys. … kand. ekon. nauk, 2016.
Chupryna, O. O., and Chupryn, K. S. “Metodolohichni pidkhody do otsiniuvannia intelektualnoho kapitalu“ [Methodological approaches to the assessment of intellectual capital]. Visnyk Natsionalnoho universytetu «Yurydychna akademiia Ukrainy imeni Yaroslava Mudroho», no. 3 (14) (2013): 22-34.
Edvinsson, L. “Developing intellectual capital Scandia. Long Range Planning“ vol. 30, no. 3 (1997): 366-373.

Section: Economics and Enterprise Management
UDC 339.564:658
Melnyk O. G.
Export Potential of the Enterprise: Essence and Methodological Bases of the Analysis (p. 226 - 231)
The article considers theoretical and methodological aspects of the analysis of the enterprise’s export potential and the methodological basis for its measurement. Analyzing and summarizing scientific works on the problem, the views of researchers on the definition of the concept of “export potential of the enterprise” are systematized. The article considers the economic content of the enterprise’s export potential from the standpoint of the system-structural approach defining it as a complex systemic formation of interrelated and interacting elements of economic and non-economic origin, internal and external action. It is found out that in the international economic space the export potential of the enterprise acquires new qualitative features reflecting not just the resource potential of the national economic entity but also the needs and interests of foreign countries and their economic agents. It is identified that the functional role of the export potential is to implement the targets of the foreign economic activity of the enterprise. The nature of these targets can be different and is formed on the principle of ensuring the needs of external markets. The level of satisfaction of these needs by an individual enterprise can be evaluated through such indicators as the volume of exports, the quality of exported products, the level of export diversification, which determine the result of the export activity and in relation to its purpose serve as a criterion of the efficiency of the enterprise’s export potential. As a result of the study, the components of the export potential of the enterprise are singled out, and a model of their interrelationships is presented. The prospects of the research are connected with branch aspects of the formation of the enterprise’s export potential allowing to highlight its structural elements and directions of development.
Keywords: international economic activity, analysis, export potential of the enterprise, development of export potential, structural elements of export potential.
Fig.: 3. Bibl.: 20.

Melnyk Olga G. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Foreign Trade and Customs Activities, Scientific-Educational Institute of Economics and Management of the Lviv Polytechnic National University (5 Mytropolyta Andreia Str., Lviv, 79013, Ukraine)
Email: olga.g.melnyk@lpnu.ua

Reference to this article:
Melnyk, Olga G. (2017) “Export Potential of the Enterprise: Essence and Methodological Bases of the Analysis.” The Problems of Economy 1:226–231.

List of references in article

Melnyk, T. M. “Eksportnyi potentsial Ukrainy: metodolohiia otsinky ta analiz“ [The export potential of Ukraine: the methodology of evaluation and analysis]. Mizhnarodna ekonomichna polityka, no. 8-9 (2009): 221-245.
Krushnitska, H. B. “Eksportnyi potentsial rehionu ta shliakhy pokrashchennia yoho vykorystannia (na prykladi Chernivetskoi oblasti)“ [Export potential of the region and ways to improve its use (for example, Chernivtsi region)]. avtoref. dys. ... kand. ekon. nauk, 2001.
Baban, T. O. “Sutnist poniattia «eksportnyi potentsial» u ekonomichnii nautsi“ [The essence of the concept of "export potential" in economic science]. Zbirnyk naukovykh prats Tavriiskoho derzhavnoho ahrotekhnolohichnoho universytetu (ekonomichni nauky) vol. 2, no. 2 (18) (2012): 7-17.
Pilipenko, I. V. Konkurentosposobnost stran i regionov v mirovom khozyaystve: teoriya, opyt malykh stran Zapadnoy i Severnoy Yevropy [Competitiveness of countries and regions in the world economy: theory, experience of small countries of Western and Northern Europe]. Smolensk: Oykumena, 2005.
Berezin, O. V., and Karpenko, Yu. V. Teoriia i praktyka zabezpechennia efektyvnoho vykorystannia potentsialu torhovelnykh pidpryiemstv [Theory and practice of effective use of potential of trade enterprises]. Poltava: InterHrafika, 2012.
Baidala, N. M. “Eksportnyi potentsial: sutnisna kharakterystyka, faktory formuvannia ta mekhanizmy stymuliuvannia“ [Export potential: the essential characteristics, factors of formation and mechanisms for promoting]. Suchasni problemy ekonomiky i menedzhmentu. Lviv: Vyd-vo Lvivskoi politekhniky, 2011.153-154.
Piddubna, L. I., and Shestakova, O. A. “Eksportnyi potentsial pidpryiemstva: sutnist i systemni imperatyvy formuvannia ta rozvytku“ [Export potential of an enterprise: essence and systemic imperatives for formation and development]. Visnyk ekonomiky transportu i promyslovosti, no. 37 (2012): 223-229.
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Section: Economics and Enterprise Management
UDC 338
Pilevych D. S.
The Role of Controlling in the Process of Enterprise Development (p. 232 - 237)
The role of controlling in ensuring the financial and economic security of an enterprise is studied. Features of formation of the information resource within the functioning of economic entities are considered. It is found that an effective system for providing the circulation of management information is an important component of ensuring the enterprise development and increasing its level of competitiveness. It is proposed to organize the circulation of management information at enterprises by means of controlling as a modern management model. There visualized the circulation of information within an enterprise both under conditions of creation of the controlling service and the lack of such subunit.
Keywords: controlling, information, management, enterprise, information resource.
Fig.: 2. Tabl.: 1. Bibl.: 8.

Pilevych Dmytro S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Management Accounting, Business Analytics and Statistics, The University of the State Fiscal Service of Ukraine (31 Universytetska Str., Irpіn, Kyiv region, 08201, Ukraine)
Email: dmutrostan@ukr.net

Reference to this article:
Pilevych, Dmytro S. (2017) “The Role of Controlling in the Process of Enterprise Development.” The Problems of Economy 1:232–237.

List of references in article

Blank, I. A. Upravleniye finansovymi riskami [Financial risk management]. Kyiv: Nika-Tsentr, 2005.
Brokhun, N. S. “Systema kontrolinhu: obiekt, subiekt ta zavdannia“ [Controlling system: object, subject and tasks]. Visnyk ZhDTU, no. 2 (44) (2008): 22-30.
Kipioro, I. M. “Formuvannia systemy kontrolinhu na pidpryiemstvi“ [The formation of the controlling system at the enterprise]. Naukovi pratsi Kirovohradskoho natsionalnoho tekhnichnoho universytetu. Ekonomichni nauky. http://www.kntu.kr.ua/doc/zb_22 (2)_ekon/stat_20_1/41.pdf
Markina, I. A., Taran-Lala, O. M., and Hunchenko, M. V. Kontrolinh dlia menedzheriv [Controlling for managers]. Kyiv: Tsentr uchbovoi literatury, 2013.
Panas, Ya. V. “Kontseptsiia kontrolinhu innovatsiinoi diialnosti pidpryiemstva“ [Concept of controlling of innovation activity of enterprises]. Visnyk natsionalnoho universytetu “Lvivska politekhnika”, no. 754: Problemy ekonomiky ta upravlinnia (2013): 197-205.
Pryimak, S. V. “Diahnostyka finansovoho stanu pidpryiemstva v systemi kontrolinhu“ [Diagnostics of financial state of enterprise in the system of controlling]. avtoref. dys. … kand. ekon. nauk: 08.00.08, 2007.
Tretiakova, M. L. “Kontrolinh yak kontseptsiia efektyvnoho upravlinnia pidpryiemstvom“ [Controlling how the concept of effective enterprise management]. Ekonomichni nauky, no. 10 (4) (2013): 298-303.
Yakovliev, Yu. P. Kontrolinh na bazi informatsiinykh tekhnolohii [Controlling based on information technology]. Kyiv: Tsentr navchalnoi literatury, 2006.

Section: Economics and Enterprise Management
UDC 65.016.2:657
Ponomarenko T. V.
The Strategically Oriented Approach to Studying the Economic Sustainability of Enterprises (p. 238 - 243)
The article presents the constructive consideration of modern approaches to the study of the essence of economic sustainability. It is noted that they are focused on sustainability as a status of the economic system. It is actualized that such an approach does not correspond to the system-synergetic methodology, according to which sustainability has a dualistic nature: as a status and as a property of the system to be stable. The key provisions of the traditional approach to understanding the essence of economic sustainability are systematized. Based on the productive synthesis of the system-synergetic methodology and modern achievements of the theory of strategic management, there formed the author’s conceptual approach that extends the traditional content of economic sustainability exclusively as a status. The proposed approach extends the temporal context of sustainability from the provision of a momentary state to the formation of the possibilities for the permanent functioning of an enterprise. It is argued that these opportunities are determined by the organizational ability of companies to realize their functional purpose. This changes the priority of the managerial focus: from orientation to providing material, financial and labor resources (the traditional approach) to the accumulation of resources that can not be the subject of market-based sales transactions (the strategically oriented approach).
Keywords: economic stability, status, property, resources, abilities, stakeholders, strategically oriented approach.
Fig.: 1. Bibl.: 9.

Ponomarenko Tеtyana V. – Candidate of Sciences (Economics), Candidate on Doctor Degree, Department of Accounting, Analysis, Audit and Administration of Enterprises, Kryvyi Rіh National University (11 Vitaliia Matusevycha Str., Kryvyi Rіh, Dnіpropetrovsk region, 50027, Ukraine)
Email: dvnz@inbox.ru

Reference to this article:
Ponomarenko, Tеtyana V. (2017) “The Strategically Oriented Approach to Studying the Economic Sustainability of Enterprises.” The Problems of Economy 1:238–243.

List of references in article

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Tis, D., Pizano, G., and Shuen, E. “Dinamicheskiye sposobnosti, formy i strategicheskoye upravleniye“ [Dynamic capabilities, form, and strategic management]. Vestnik Sankt-Peterburgskogo gosudarstvennogo universiteta. Menedzhment, no. 4 (2003): 133-185.
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Section: Economics and Enterprise Management
UDC 657
Suprunova I. V., Kyryluk B. L.
Application of Computer Technologies in the Economic Analysis of Enterprise Inventories (p. 244 - 249)
Management of inventories is considered with the purpose of forming a single information and communication model (single information space) regarding their availability and movement. It is determined that automation of such processes allows to record accounting information using unified principles and requirements; provides the possibility of synchronization with other systems, making adjustments, ensuring the relationship between accounting and economic analysis as a single information base. The accounting software for various enterprises is analyzed by the following criteria: completeness, details, reporting, adjustments, thus defining the “1C: Accounting” program as a complex instrument of financial, tax, management accounting for enterprises of different forms of ownership and engaged in various types of activities. Compared to others, this program maximally satisfies management requirements and provides the ability to make adjustments. There proposed introducing automation in the areas of: analysis of the point of order, procurement planning, ABC-analysis of sales, which in the form of an additional module in the configuration of “1C: Accounting” will allow to generate information and monitor the relevant processes.
Keywords: inventories, economic analysis, accounting, information and communication system, information support.
Fig.: 3. Tabl.: 1. Bibl.: 9.

Suprunova Iryna V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting and Auditing, Zhytomyr State Technological University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: Irinka13s@rambler.ru
Kyryluk Bogdan L. – Applicant, Department of Accounting and Auditing, Zhytomyr State Technological University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: kyryluk@edsson.com

Reference to this article:
Suprunova, Iryna V., and Kyryluk, Bogdan L. (2017) “Application of Computer Technologies in the Economic Analysis of Enterprise Inventories.” The Problems of Economy 1:244–249.

List of references in article

Bahrii, K. L. “Udoskonalennia klasyfikatsii materialnykh zapasiv u systemi upravlinnia pidpryiemstvom“ [To improve classification of inventories in the enterprise management system]. Visnyk Chernivetskoho torhovelno-ekonomichnoho instytutu. Seriia: Ekonomichni nauky, no. 3 (2009): 288-293.
Davydova, I. “Paterny informatsiinykh potreb upravlintsiv u systemi informatsiinoho menedzhmentu“ [Patterns of information needs of managers in the system of information management]. Visnyk Knyzhkovoi palaty, no. 2 (2015): 39-42.
Ivashchenko, O. V., and Kozhevnikova, O. S. “Upravlinnia zapasamy na pidpryiemstvakh“ [Inventory management in enterprises]. Ekonomichnyi visnyk Donbasu, no. 3 (2008): 132-135.
Kolumbet, O. P. “Vprovadzhennia kompiuteryzovanykh informatsiinykh system bukhhalterskoho obliku: osoblyvosti ta poslidovnist zdiisnennia“ [The introduction of computerized information systems of accounting: the features and sequence of implementation]. Bukhhalterskyi oblik, analiz ta audyt: problemy teorii, metodolohii, orhanizatsii, no. 2 (2014): 107-115.
Korabakhina, A. Yu. “Osoblyvosti zastosuvannia ABC-analizu u protsesi formuvannia tovarnoho asortymentu silskohospodarskoi produktsii“ [Peculiarities of application of ABC-analysis in the process of formation of the product range of agricultural products]. Visnyk ahrarnoi nauky Prychornomor'ia, no. 3 (2) (2014): 75-82.
Kreshchenko, O. V. “Metodolohichni ta metodychni zasady ABC-pidkhodu yak universalnoho mekhanizmu analizu tovarnykh zapasiv“ [Methodological and methodical foundations of the ABC-approach as a universal mechanism for the analysis of inventory]. Biznes Inform, no. 12 (2012): 253-258.
Kudina, O. M. “Protsesnyi pidkhid do orhanizatsii obliku vyrobnychykh zapasiv pidpryiemstva“ [Process approach to the organization of accounting of inventory of the enterprise]. Innovatsiina ekonomika, no. 1 (2015): 220-226.
Levchenko, O. P. “Shliakhy udoskonalennia orhanizatsii obliku vyrobnychykh zapasiv“ [Ways of improving the organization of accounting of inventory]. Zbirnyk naukovykh prats Tavriiskoho derzhavnoho ahrotekhnolohichnoho universytetu (ekonomichni nauky), no. 4 (2014): 266-270.
Lopatina, V. V. “Ekonomichna sutnist vyrobnychykh zapasiv“ [The economic essence of inventories]. Naukovi pratsi [Chornomorskoho derzhavnoho universytetu imeni Petra Mohyly kompleksu “Kyievo-Mohylianska akademiia”]. Seriia: Ekonomika vol. 189, no. 177 (2012): 67-71.

Section: Economics and Enterprise Management
UDC 65.01
Skrynkovskyy R. M., Pawlowski G., Kostiuk N. R., Koropetskyi O. O.
Diagnostics of Factors of Enterprise Innovation Development (p. 250 - 257)
The aim of the article is the formation and development of theoretical and methodological foundations for diagnosing the factors of innovation development of an enterprise within the framework of theory and practice of economics and enterprise management. It was found out that the presented diagnostics should be understood as the process of identification, analysis and determination of the degree of influence of certain factors (positive, negative) on the processes of innovative development of an enterprise in order to identify and solve problems (available, possible) of hindering its innovation activity (introduction of new technological processes, innovative types of products, etc.) in the context of ensuring an effective functioning and development of the enterprise. It is determined that the key business indicators of the system for diagnosing the factors of innovation development of an enterprise are indicators that reflect main factors of innovation development: indicator of innovation development; indicator of innovation activity of personnel; indicator of provision of the enterprise with intangible assets; indicator of the property required for innovative development; indicator of promotion of innovative products to the market. The prospect for further research in this scientific direction is developing a system of partial diagnostic purposes of a multicriteria system for diagnosing activities of enterprises with consideration for diagnostics of innovative development factors of the enterprise as a partial diagnostic purpose.
Keywords: enterprise, factors of innovation development, diagnostics, business indicators.
Fig.: 3. Tabl.: 1. Formulae: 5. Bibl.: 23.

Skrynkovskyy Ruslan M. – Candidate of Sciences (Economics), Associate Professor, Department of Business Economy and Information Technology, Lviv University of Business and Law (99 Kulparkіvska Str., Lviv, 79021, Ukraine)
Email: uan_lviv@ukr.net
Pawlowski Grzegorz – Company «Zaklad Handlowo-Uslugowy BHP» (17 Kostrzynska Str., Gorzyca, 69-113, Poland)
Email: gpawlowski@op.pl
Kostiuk Nataliia R. – Student, Faculty of Economics, Lviv University of Business and Law (99 Kulparkіvska Str., Lviv, 79021, Ukraine)
Email: natalyya-kostyuk@ukr.net
Koropetskyi Oleh O. – Student, Faculty of Law, Lviv University of Business and Law (99 Kulparkіvska Str., Lviv, 79021, Ukraine)
Email: lviv-university@ukr.net

Reference to this article:
Skrynkovskyy, Ruslan M. et al. (2017) “Diagnostics of Factors of Enterprise Innovation Development.” The Problems of Economy 1:250–257.

List of references in article

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Rohoza, M. Ye., and Verhal, K. Yu. Stratehichnyi innovatsiinyi rozvytok pidpryiemstv: modeli ta mekhanizmy [Strategic innovation development of enterprises: models and mechanisms]. Poltava: RVV PUET, 2011.
Voloshchuk, L. O. “Innovatsiinyi rozvytok promyslovoho pidpryiemstva: sutnist ta problemy analitychnoho zabezpechennia v umovakh indykatyvnoho upravlinnia“ [Innovative development of industrial enterprise: substance and problems of analytical support under conditions of indicative management]. Biznes Inform, no. 11 (2014): 75-79.
Pozhuieva, T. O. “Suchasni pidkhody do upravlinnia innovatsiinoiu diialnistiu pidpryiemstva“ [Modern approaches to management of innovative activity of the enterprise]. Ekonomika i rehion, no. 1 (44) (2014): 103-109.
Mykolaichuk, I. P. “Doslidzhennia vplyvu faktoriv innovatsiinoho rozvytku na formuvannia kompetentsii pidpryiemstva“ [A study of the impact of innovation factors on formation of competences of the enterprise]. Chernihivskyi naukovyi chasopys. Seriia 1: Ekonomika i upravlinnia, no. 1 (6) (2015): 71-76.
Rusinko, M. I. “Klasyfikatsiia faktoriv vplyvu na innovatsiinyi rozvytok budivelnoho pidpryiemstva“ [Classification of factors of influence on innovative development of construction enterprises]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu. Seriia: Ekonomichni nauky vol. 4, no. 9-1 (2014): 113-117.
Fedulova, L. I. “Kontseptualni zasady upravlinnia innovatsiinym rozvytkom pidpryiemstv“ [Conceptual bases of management of innovative development of enterprises]. Marketynh i menedzhment, no. 2 (2014): 122-135.
Pidkaminnyi, I. M., and Tsipurynda, V. S. “Systemni faktory vplyvu na innovatsiinyi rozvytok pidpryiemstva“ [Systemic factors of influence on innovative development of the enterprise]. Efektyvna ekonomika. http://www.economy.nayka.com.ua
Zolotaryova, I. O., and Krasnikova, V. Yu. “Analiz faktoriv ta metodolohii innovatsiinoho rozvytku pidpryiemstv“ [Analysis of the factors and methodology of innovative development of enterprises]. Systemy obrobky informatsii, no. 7 (97) (2011): 19-21.
Telnov, A. S., and Popel, S. A. “Innovatsiina diialnist: analiz chynnykiv vplyvu na makro-, mezo-, mikroekonomichnykh rivniakh“ [Innovative activities: analysis of factors influencing macro-, meso-, and microeconomic levels]. Innovatsiina ekonomika, no. 10 (2012): 6-13.
Cherep, A. V., Urusova, Z. P., and Urusov, A. A. “Faktory innovatsiinoho rozvytku pidpryiemstv Ukrainy“ [Factors of innovative development of enterprises of Ukraine]. Visnyk Kharkivskoho natsionalnoho ahrarnoho universytetu im. V. V. Dokuchaieva. Seriia: Ekonomichni nauky, no. 3 (2014): 84-89.
Bondarenko, M. I., and Sydorchuk, I. P. “Faktory vplyvu na innovatsiinyi rozvytok promyslovykh pidpryiemstv“ [Factors of influence on innovative development of industrial enterprises]. Visnyk Khmelnytskoho natsionalnoho universytetu. Ekonomichni nauky vol. 1, no. 3 (2014): 35-37.
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Section: Economics and Enterprise Management
UDC 338.4:[005.06+378.1+519.86]
Stankevych I. V.
The Identification and Modeling of Business Processes of the Quality Management System in an Educational Organization: Theory and Practice (p. 258 - 268)
The aim of the article is to ensure effectiveness of implementation of management objectives of an educational organization by identifying business processes of the quality management system of the educational organization and justifying the choice of language and diagrams of their modeling. The author emphasizes that the approach to identifying business processes of the quality management system of an educational organization should be based not on the types but on the results of the organization’s activity in higher education. It is determined that an effective approach to identifying business processes of the quality management system of an educational organization should be based on the life cycle of the educational service (quality loop), the requirements of the ISO 9001: 2015 standard for building the processes of the quality management system and the standardized list of business processes International Benchmarking Clearinghouse. For further implementation of the quality management system, the author developed a contextual diagram of the system, which is decomposed into processes of level “0” and level “1”. The paper discusses the advantages and disadvantages of various modeling languages applicable to business process virtualization, in particular the unified UML modeling language, which uses a number of diagrams to virtualize business processes of complex organizations. The practical recommendations developed for the identification and modeling of business processes in the quality management system will facilitate an effective implementation of such systems in activities of educational organizations, which will further ensure satisfaction of customer requirements and implementation of management objectives.
Keywords: business process, diagram, identification, modeling, educational organization, educational service, quality loop, quality management system.
Fig.: 5. Bibl.: 22.

Stankevych Iryna V. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Department of Management and Marketing, Odesa National Academy of Telecommunications named after A. S. Popov (1 Kuznechna Str., Odesa, 65029, Ukraine)
Email: arnika@ukr.net

Reference to this article:
Stankevych, Iryna V. (2017) “The Identification and Modeling of Business Processes of the Quality Management System in an Educational Organization: Theory and Practice.” The Problems of Economy 1:258–268.

List of references in article

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Stankevych, I. V., and Tiharieva, V. A. “Modeliuvannia biznes-protsesiv pidpryiemstv sfery zviazku ta informatyzatsii za dopomohoiu Unified Modeling Language-diahram“ [Modeling the business processes of the enterprises of sphere of communication and Informatization with the help of Unified Modeling Language diagrams]. Hlobalni ta natsionalni problemy ekonomiky, no. 2 (2014): 713-719.
Stankevich, I. V. “Osnovnyye podkhody k vydeleniyu biznes-protsessov v obrazovatelnykh organizatsiyakh“ [The main approaches to the allocation of business processes in educational institutions]. Conduct of modern science. Vol. 5. Economic science. Science and education. 46-50.
Kartuzov, A. V. Proektirovaniye upravlencheskogo protsessa v IT-obrazovanii [Design management process in the it education]. Cheboksary: ChKI RUK, 2009.
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Matveyev, V. V., and Titarenko, D. V. “O protsedure modelirovaniya protsessov sistemy menedzhmenta kachestva obrazovatelnoy organizatsii“ [The procedure of modeling of the processes of the quality management system of the educational organization]. Ekonomika i upravleniye, no. 6 (2009): 100-104.
Rudikova, L. V., and Strupinskiy, D. O. “O modelirovanii biznes-protsessov v vysshikh uchebnykh zavedeniyakh“ [About modeling business processes in higher educational institutions]. In Nauchnyye issledovaniya prepodavateley fakulteta matematiki i informatiki, 105-109. Grodno: GrGU, 2010.
Savchenko, S. O. “Osnovni pryntsypy protsesnoho ta proektnoho pidkhodiv v upravlinni VNZ z oriientatsiieiu na spozhyvacha“ [The basic principles of process and project approaches in the management of the UNIVERSITY with a focus on the consumer]. Hlobalni ta natsionalni problemy ekonomiky, no. 6 (2015): 460-466.
Systemy upravlinnia yakistiu. Vymohy: (ISO 9001:2015, IDT): DSTU ISO 9001:2015 [Na zaminu DSTU ISO 9001:2009; chynnyi vid 2016-07-01] [The quality management system. Requirement: (ISO 9001: 2015, IDT): DSTU ISO 9001:2015 [To substitute DSTU ISO 9001:2009; acting on 2016-07-01]]. Kyiv: DP «UkrNDNTs», 2016.
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Vorobiienko, P. P. et al. “Praktychnyi dosvid rozroblennia ta vprovadzhennia systemy upravlinnia yakistiu pidhotovky fakhivtsiv z vyshchoiu osvitoiu v Odeskii natsionalnii akademii zviazku im. O. S. Popova“ [Practical experience in the development and implementation of the quality management system of preparation of specialists with higher education in the Odessa national Academy of telecommunications name after A. S. Popov]. Vyshcha shkola, no. 6 (2013): 7-20.
Utekhin, G., and Mishnev, B. “Kvalimetriya obrazovatelnykh uslug (Izmereniya v sisteme menedzhmenta kachestva vuza)“ [Qualimetry of educational services (Measuring the quality management system of the University)]. Upravleniye kachestvom vysshego obrazovaniya v usloviyakh perekhoda k dvukhstupenchatoy sisteme podgotovki kadrov. Minsk: BGU, 2007.

Section: Economics and Enterprise Management
UDC 657.47
Tarasova T. O., Arkhypova V. O.
Accounting and Analytical Support of Measures on Resuming Activity of Trade Enterprises (p. 269 - 276)
Diagnostics of sustainable development is aimed at revealing the critical impact of a company’s institutional and regulatory environment and is one of the main tasks of accounting and analytical support of management. A reflective model of sustainable development management consisting of the system of structure formation elements of functional, financial and market diagnostics is offered. There expanded the tools of the cognitive technology based on modeling the economic situation concerning occurrence of cognitive dissonance with sustainable development of a business unit in an unstable business environment. A flow chart of interdependence between the factors-indicators, target factors of value retention and levers of influence on checkpoints of protecting sustainable development is proposed. In order to develop an effective mechanism for reorganization, there investigated the qualitative composition of the current assets that act as a reserve stock for trade enterprises and the criteria of assessing their liquidity are identified. Three groups of the reserve stock of an enterprise are offered: liquid; conditionally liquid; illiquid. It allowed developing a complex of organizational and methodological measures concerning rehabilitation of a trade enterprise aimed at mobilizing its hidden reserves, optimizing the working capital, restructuring the receivables. Recommendations on fulfilling measures on restructuring capital and liabilities of an enterprise, the economic effect from the introduction of which lies in forming reorganization profit and determining the term of solvency resumption, is developed. There offered measures of functional, financial and market diagnostic that allow revealing illiquid reserve stock and avoiding losses, resuming efficiency and profitability due to the efficient use of the available resources, own reserves, debt restructuring aimed at contextual adaptation of the provisions of the International Standards of Quality Management ISO 9000 on extending activities and permanent improving management of a business unit.
Keywords: accounting and analytical support, resuming the activity, reorganization, sustainable development.
Fig.: 7. Bibl.: 9.

Tarasova Tetiana O. – Doctor of Sciences (Economics), Professor, Professor, Department of Finance and Accounting, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: paluhtatiana@gmail.com
Arkhypova Viktoriia O. – Associate Professor, Department of Foreign Languages, Kharkiv State University of Food Technology and Trade (333 Klochkіvska Str., Kharkіv, 61051, Ukraine)
Email: inmov@hduht.edu.ua

Reference to this article:
Tarasova, Tetiana O., and Arkhypova, Viktoriia O. (2017) “Accounting and Analytical Support of Measures on Resuming Activity of Trade Enterprises.” The Problems of Economy 1:269–276.

List of references in article

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Section: Economics and Enterprise Management
UDC ---
Shchetinina L. V., Rudakova S. G., Danyliak M. I.
Personnel Management with Regard to the Provisions of the Theory of Generations (p. 277 - 283)
The aim of the article is to analyze the theory of generations and identify the possibilities of its practical application in personnel management in order to increase the level of “loyalty” of employees and labor productivity. As a result of the research, the analysis of basic labor values of the personnel employed in the modern economy of Ukraine is carried out. There revealed their dependence on the belonging of employees to a certain generation or historical epoch in which they grew up, according to the theory of generations either to baby boomers, “Xs” or “Ys”. The necessity of taking into account the theory provisions when building business processes of the organization is substantiated, and recommendations for their adaptation in the context of individual HR-aspects are given, in particular personnel attraction, adaptation, training and motivation of employees. Prospects for further research in this area are improving the methods and techniques of working with personnel by taking into account special features of generations of employees and the value system they share.
Keywords: values, generation, organization, personnel management.
Bibl.: 27.

Shchetinina Ludmila V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Personnel Management and Labour Economics, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: sludval@ukr.net
Rudakova Svetlana G. – Candidate of Sciences (Engineering), Associate Professor, Associate Professor, Department of Personnel Management and Labour Economics, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: svetlana.rudakova.home@gmail.com
Danyliak Marta I. – Student, Faculty of Personnel Management, Sociology and Psychology, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: marta.danilyak@gmail.com

Reference to this article:
Shchetinina, Ludmila V., Rudakova, Svetlana G., and Danyliak, Marta I. (2017) “Personnel Management with Regard to the Provisions of the Theory of Generations.” The Problems of Economy 1:277–283.

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Section: Economics and Enterprise Management
UDC 332.02
Yakubiv V. М., Boryshkevych I. I.
A Strategic Set as an Essential Tool for the Development of Agricultural Enterprises (p. 284 - 289)
The aim of the article is to define the essence of the term “strategic set” through studying the approaches of various scientists to this concept, generalizing the existing types of strategies and their reducing to the features of the agricultural sector, as well as highlighting the need to form a strategic set for the development of agricultural enterprises. In the process of writing the article the following methods of scientific knowledge were used: the methods of induction and deduction, the method of logical analysis — at substantiating the existing concepts of the strategic set and varieties of strategies; the method of theoretical modeling — to develop the concept of strategic set; the method of systematization — at conducting the comprehensive study of enterprise development strategies and their generalization. The existing approaches to the definition of the essence of the concept “strategic set” are analyzed. The strategic set is studied as an effective and integral tool for ensuring the competitiveness of an agricultural enterprise. Proceeding from the current tendencies in the agrarian market, the interpretation of the term “strategic set” as well as two new types of strategy is proposed. It is established that a correctly developed set of strategies forms the basis of strategic planning and is the key to the success of an agricultural enterprise. The scientific novelty of the study is in the generalization and deepening of the theoretical provisions concerning the strategic set, improvement of the conceptual-categorical apparatus and complementation of the existing types of strategies with new ones according to the current state of the agricultural sector.
Keywords: strategic set, strategy, plan, development, agricultural enterprises.
Fig.: 1. Bibl.: 12.

Yakubiv Valentyna М. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Management and Business Administration, Precarpathian National University named after V. Stefanyk (57 Shevchenka Str., Ivano-Frankіvsk, 76018, Ukraine)
Email: yakubiv.valentyna@gmail.com
Boryshkevych Iryna I. – Postgraduate Student, Department of Management and Business Administration, Precarpathian National University named after V. Stefanyk (57 Shevchenka Str., Ivano-Frankіvsk, 76018, Ukraine)
Email: ira_boryshkevych@ukr.net

Reference to this article:
Yakubiv, Valentyna М., and Boryshkevych, Iryna I. (2017) “A Strategic Set as an Essential Tool for the Development of Agricultural Enterprises.” The Problems of Economy 1:284–289.

List of references in article

Voronkova, A. A., and Voronkova, A. V. “Obgruntuvannia stratehii rozvytku ahrarnykh pidpryiemstv v suchasnykh umovakh hospodariuvannia“ [Justification of strategy of development of agricultural enterprises in modern conditions of managing]. Visnyk Kharkivskoho natsionalnoho tekhnichnoho universytetu silskoho hospodarstva. Seriia: Ekonomichni nauky. http://khntusg.com.ua/files/sbornik/vestnik_137/12.pdf
Holik, V. V. “Stratehichnyi nabir yak efektyvnyi instrument zabezpechennia konkurentospromozhnosti silskohospodarskykh pidpryiemstv“ [Strategic recruitment as an effective instrument for ensuring the competitiveness of agricultural enterprises]. Aktualni problemy ekonomiky, no. 2 (2015): 15-24.
Dykan, V. L. et al. Stratehichne upravlinnia [Strategic management]. Kyiv: Tsentr uchbovoi literatury, 2013.
Yevchuk, L. A. “Rol stratehii zrostannia v zabezpechenni konkurentospromozhnosti silskohospodarskykh pidpryiemstv“ [Role of growth strategies in ensuring the competitiveness of agricultural enterprises]. Ekonomist, no. 9 (2011): 14-17.
Kindratska, H. I. Stratehichnyi menedzhment [Strategic management]. Kyiv: Znannia, 2010.
Koretskyi, M. Kh., Datsii, O. I., and Dehtiar, A. O. Stratehichne upravlinnia [Strategic management]. Kyiv: Tsentr uchbovoi literatury, 2007.
Morhulets, O. B. Menedzhment u sferi posluh [Management in the service sector]. Kyiv: KNUUTD, 2009.
Pizniak, T. I. “Stratehichni priorytety rozvytku silskohospodarskykh pidpryiemstv v umovakh svitovoi finansovo-ekonomichnoi kryzy“ [Strategic priorities of development of agricultural enterprises in the conditions of world financial-economic crisis]. Visnyk Sumskoho natsionalnoho ahrarnoho universytetu. Seriia: Ekonomika i menedzhment, no. 3 (2012): 23-28.
Skhidnytska, H. V. “Teoretychni osnovy formuvannia systemy stratehichnoho upravlinnia u diialnosti silskohospodarskykh pidpryiemstv“ [Theoretical bases of formation of system of strategic management in activity of agricultural enterprises]. Molodyi vchenyi, no. 3 (2016): 212-216.
Shershnyova, Z. Ye. Stratehichne upravlinnia [Strategic management]. Kyiv: KNEU, 2004.
Yakubiv, V. M. “Accounting and analytical methods of diagnostics improvement for enterprises' organizational development“. Economic Annals-XXI, no. 3-4 (1) (2015): 68-71.
“Stratehichnyi nabir: poniattia, sklad, osoblyvosti“ [Strategic recruitment: concept, structure, features]. http://studopedia.org/4-190246.html

Section: Economic theory
UDC 001.89+005.922.1
Vahlakova V. V.
The Formation of the Science of Economic Security (p. 290 - 296)
The accumulation of empirical material on the problems of economic security (state, region, enterprise) at a certain moment required explanation using a number of theoretical constructions and structurization of the accumulated body of knowledge, which led to the emergence of the science of economic security — a hierarchical science in which objects of economic security are located by the following levels: state — region — subject of economic activity. The terms used to denote the totality of knowledge about economic security (state, region, enterprise) are analyzed. The content of the science of economic security as a modern field of knowledge is disclosed. The presence in the economic security of the characteristics peculiar for each scientific branch is analyzed. The general laws of the formation of the science of economic security are considered. The content and characteristics of previously isolated stages in the evolution of the national science on economic security (phenomenological, divergent, convergent and sedimentary) are clarified, the integration and pragmatic stage is added.
Keywords: economic security, science of economic security, science, formation, signs, regularities, stages, development.
Tabl.: 1. Bibl.: 23.

Vahlakova Viktoriia V. – Candidate of Sciences (Economics), Associate Professor, Department of Accounting and Auditing, Donbas State Technical University (84 Peremohy Ave., Lysychansk, Luhansk region, 93100, Ukraine)
Email: VahlakovaVV@yandex.ru

Reference to this article:
Vahlakova, Viktoriia V. (2017) “The Formation of the Science of Economic Security.” The Problems of Economy 1:290–296.

List of references in article

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Gusserl, E. Izbrannyye raboty [Selected works]. Moscow: Territoriya budushchego, 2005.
Zhyvko, Z. B. “Teoretyko-metodolohichni zasady formuvannia systemy ekonomichnoi bezpeky pidpryiemstva“ [Theoretical-methodological bases of formation of system of economic security of enterprise]. In Aktualni problemy sotsialno-ekonomichnoho rozvytku derzhavy, rehionu, haluzi ta pidpryiemstva, 341-360. Lviv: UAD, 2013.
Illiashenko, O. V. Mekhanizmy systemy ekonomichnoi bezpeky pidpryiemstva [The mechanisms of the system of economic security of enterprise]. Kharkiv: Machulin, 2016.
Kozhenevski, L. “Sekyuritologiya - nauka o bezopasnosti“ [Security studies - the science of security]. http://ua-ed.narod.ru/Kozhenyovski_L_-_Ednist_bezpeky_v_Evrosoyuzi.htm
Kozhenevski, L. F. “Sekyuritologiya v protsesse stanovleniya nauchnoy distsipliny“ [Security studies in the process of becoming a scientific discipline]. Vestnik natsionalnogo tekhnicheskogo universiteta "KhPI", no. 27 (2008): 22-34.
Kozachenko, A. V., Ponomarev, V. P., and Lyashenko, A. N. Ekonomicheskaya bezopasnost predpriyatiya: sushchnost i mekhanizm obespecheniya [Economic security of enterprise: essence and mechanism to ensure]. Kiev: Libra, 2003.
Kozachenko, H. V., and Tiulieniev, H. D. “Vymohy do formuvannia metodolohichnoho bazysu ekoseseda“ [The requirements for the formation of methodological basis of economic security of education]. Vcheni zapysky Universytetu "KROK" vol. 1, no. 27 (2011): 152-157.
Kozachenko, H. V., and Adamenko, T. M. “Ekonomichna bezpeka pidpryiemstva: analiz naiavnykh vyznachen“ [Economic security of enterprise: an analysis of existing definitions]. Naukovyi visnyk Poltavskoho universytetu ekonomiky i torhivli, no. 1 (69) (2015): 90-95.
Kozachenko, H. V., Pohorelov, Yu. S., and Tiulieniev, H. D. “Ekonomichna bezpeka u systemi vyshchoi osvity Ukrainy: sutnist ta kharakter“ [Economic security in the higher education system of Ukraine: the essence and character of]. In Systema ekonomichnoi bezpeky: derzhava, rehion, pidpryiemstvo, vol. 3: 71-129. Luhansk: Promdruk, 2014.
Kozachenko, H. V., and Shulzhenko, L. Ye. “Ekosesent: zmist, predmet ta struktura“ [Economic security of enterprise: content, subject and structure]. Biznes Inform, no. 2 (2014): 8-12.
Kozachenko, H. V., and Kuzmenko, O. M. “Ekspleinarnyi bazys ekosesenta: pryntsypovyi pidkhid do rozhliadu“ [Explanatory basis of economic security of enterprise: a principled approach to the consideration of]. Ekonomika. Menedzhment. Pidpryiemnytstvo vol. 1, no. 25 (2013): 209-217.
Kozachenko, H. V. “Osnovni problemni oblasti v ekonomichnii bezpekolohii“ [Principal areas of concern in the science of economic security]. Ekonomichna bezpeka: derzhava, rehion, pidpryiemstvo. Poltava: PolNTU im. Yu. Kondratiuka, 2017. 4-8.
Lapina, N. V. “Istoriya vozniknoveniya nauki o mezhdunarodnoy ekonomicheskoy bezopasnosti gosudarstva“ [The history of science on international economic security of the state]. Problemy sovremennoy ekonomiki. Samara: ASGARD, 2016. 48-52.
Liashenko, O. M. “Ekonomichna bezpeka rehionu: pryskoriuvach abo spovilniuvach ekosesteitu Ukrainy“ [Economic security of the region: accelerator or retarder ecosestate of Ukraine]. Chasopys ekonomichnykh reform, no. 1 (9) (2013): 155-162.
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Ovcharenko, Ye. I. “Suchasna ekonomichna bezpekolohiia: osnovni ontolohichni protyrichchia ta napriamy yikh vyrishennia“ [The current science of economic security: basic ontological contradiction and the ways of their solution]. Biznes Inform, no. 11 (2016): 8-13.
Pohorelov, Yu. S., and Vakhlakova, V. V. “Peredumovy formuvannia konverhentno-prahmatychnoho pidkhodu do rozuminnia ekonomichnoi bezpeky pidpryiemstva“ [Prerequisites of formation of convergent and pragmatic approach to the understanding of economic security of enterprise]. Wspolpraca Europejska, no. 5 (12) (2016): 20-34.
Rakitov, A. I. Istoricheskoye poznaniye: sistemno-gnoseologicheskiy podkhod [Historical cognition: a systematic epistemological approach]. Moscow: Politizdat, 1982.
Rach, V. A. “Suchasnyi pohliad na systemu ekonomichnoi bezpeky "derzhava - rehion - pidpryiemstvo" yak tsilisnoho obiektu bezpekolohii“ [A modern view of the system of economic security "state - region - enterprise" as a whole object of science of economic security]. Upravlinnia proektamy ta rozvytok vyrobnytstva, no. 4 (44) (2012): 151-155.
Herasymchuk, M. O. Sevitolohiia: Kontseptualno-terminolohichni osnovy bezpechnoi zhyttiediialnosti [Sevitology: Conceptual and terminological basics of safe life]. Kyiv: Vyd-vo KUETT, 2006.
Shulzhenko, L. Ye. Ekonomichna bezpeka stratehichnoho aliansu: systemnyi pidkhid [Economic security of strategic Alliance: a systematic approach]. Luhansk: Promdruk, 2014.

Section: Economic theory
UDC 316.343
Ivashyna S. Y.
Theoretical Basis for Studying the New Middle Class (p. 297 - 301)
The aim of the article is to clarify the content of the economic category “the new middle class”, to define its specific features and basic functions. Various classification and functional characteristics of the middle class are given. The necessity of combining sociological and political-economic approaches to the definition of the middle class as a socio-status and socio-economic group is shown. Formation of the socio-economic type of the owner of intellectual capital is identified as the attributive feature of the middle class. A conclusion is drawn on the economic realization of the right to property for intellectual capital in the form of rent. It is proved that the formation of the new middle class reflects the objective orientation of social production to overcome social contradictions. However, the tendency to overcome the class antagonisms of previous social types does not reduce the depth of contradictions between labor and capital and does not indicate a change in the essence of capital. Attention is paid to the socio-cultural features of the new middle class, which are viewed through changes in the way and style of life, its motivational orientation to the post-economic value system is determined.
Keywords: middle class, new middle class, knowledge economy, socio-status group, socio-economic group, way of life, post-economic motivation.
Bibl.: 20.

Ivashyna Svitlana Yu. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Money Circulation and Banking, University of Customs and Finance (2/4 Volodymyra Vernadskoho Str., Dnipro, 49004, Ukraine)
Email: ivashina_aleks@ukr.net

Reference to this article:
Ivashyna, Svitlana Yu. (2017) “Theoretical Basis for Studying the New Middle Class.” The Problems of Economy 1:297–301.

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Section: Economic theory
UDC 330.342
Opalko V. V.
Determinants of Development of Socio-Economic Systems (p. 302 - 307)
The aim of the study is to determine the dynamics of development, factors and determinants that can stimulate the development of socio-economic systems. There proposed the author’s approach to the concept of “development of the socio-economic system”, which should be understood as gradual quantitative and qualitative changes in the functioning of the social and market institutions of the system. The theoretical principles of the dynamics of development of socio-economic systems that allow identifying the determinants capable to qualitatively change the development of socio-economic systems are systematized. The novelty of the study is the proposed formalized approach to development determinants that in the aggregate significantly change the functioning of the socio-economic system. It is proved that the determinants of development cause fluctuations, phase transitions from the previous level of development to the next one.
Keywords: dynamics, development, socio-economic system, determinants of development, cyclicity of development.
Fig.: 1. Tabl.: 1. Formulae: 1. Bibl.: 15.

Opalko Viktoriia V. – Candidate of Sciences (Economics), Associate Professor, Candidate on Doctor Degree, Department of Economics and International Economic Relations, Cherkasy National University named after B. Khmelnitsky (81 Shevchenka Blvd., Cherkasy, 18031, Ukraine)
Email: Opalko633@gmail.com

Reference to this article:
Opalko, Viktoriia V. (2017) “Determinants of Development of Socio-Economic Systems.” The Problems of Economy 1:302–307.

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Section: Economic theory
UDC 330.142.331.522.4
Tiutiunnykova S. V.
Human Capital as an Actual Resource of Social and Economic Development (p. 308 - 314)
The strengthening of the competitive struggle in the world space, the growth of crisis phenomena in the national and global economy, the spread of new and emerging technologies with the dominant role of the human factor in them actualize a new surge of scientific interest in the problem of human capital and human potential. Human potential as a more capacious and complex integrity, of course, is the basis of human capital, but it is not reduced to it. Human capital absorbs only a certain set of qualities that are used in the economy. They form the qualitative characteristics of the labor force, which are capable of increasing the productive capacity, and, consequently, the incomes of their owners. Human potential is not only a platform for the development of human qualities and corresponding intangible forms of capital (social, intellectual, cultural, etc.). The human potential is the possibilities for human development, the expansion of its choice. In turn, the possibilities for growth of the potential depend on the quality of human capital, its use and capitalization. Between the human potential and human capital, there formed complex and ambiguous relationships: complementary, mutually replicating, correlative, mutually reinforcing, interrelated and causal. Under conditions of overcoming the accumulated contradictions and challenges of the 21st century, directing the country’s economy into the trajectory of economic growth, it is important to avoid opposing these categories and find mechanisms for resolving the contradictions between them, to improve the practice of managing in search for their harmonious interaction and effective use.
Keywords: human potential, human capital, freedom of choice, dialectics of interconnection, innovative development, socio-cultural reality.
Tabl.: 2. Bibl.: 16.

Tiutiunnykova Svetlana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Theory and Economic Methods of Management, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)

Reference to this article:
Tiutiunnykova, Svetlana V. (2017) “Human Capital as an Actual Resource of Social and Economic Development.” The Problems of Economy 1:308–314.

List of references in article

Antoniuk, V. P. Formuvannia ta vykorystannia liudskoho kapitalu v Ukraini: sotsialno-ekonomichna otsinka ta zabezpechennia rozvytku [The formation and use of human capital in Ukraine: socio-economic assessment and development]. Donetsk: In-t ekonomiky promyslovosti, 2007.
Blyzniuk, V. V. “Liudskyi kapital yak faktor ekonomichnoho rozvytku“ [Human capital as a factor of economic development]. Ekonomika i prohnozuvannia, no. 2 (2005): 64-78.
Hryshnova, O. A. Liudskyi kapital. Formuvannia v systemi osvity i profesiinoi pidhotovky [Human capital. The formation in the system of education and training]. Kyiv: Znannia, 2006.
Dovbenko, M. V. Suchasna ekonomichna teoriia. Ekonomichna nobeleolohiia [Modern economic theory. Economics nobeleology]. Kyiv: Akademiia, 2005.
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Section: Economic theory
UDC 338.242.2
Shved V. V.
The Theory of Collective Action and Wikinomics: the Analysis of Historical Transformation (p. 315 - 319)
The subject of the article is the analysis of the main components of the theory of collective action and its evolutionary transformation into modern economic models. The nature of emergence of the theory of collective action, its significance for modern society, the scope of its use as well as the key shortcomings are analyzed. There studied the process of development of the theory of collective actions, namely the interrelation of public incentives of different nature and peer relationships, which, in turn, leads to a change in the economic nature of relations in modern society. Also, attention is paid to the essence of wikinomics, the transformation of the theory of collective actions into the theory of wikinomics is argued with simultaneous solution of the key problems inherent in the theory of collective action, one of which is insufficient information. The main reasons for using wikinomics in modern business environment in the context of the transition of modern society from the post-industrial era into the information age are revealed.
Keywords: theory of collective actions, wikinomics, selective incentives, collective good, peer production.
Bibl.: 15.

Shved Vadym V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Economics and Management, Vinnytsia Institute of Economics and Social Sciences of the University «Ukraine» (23a Khmelnytske Hwy, Vinnytsia, 21000, Ukraine)
Email: osvitav@gmail.com

Reference to this article:
Shved, Vadym V. (2017) “The Theory of Collective Action and Wikinomics: the Analysis of Historical Transformation.” The Problems of Economy 1:315–319.

List of references in article

Auzan, A. “Gosudarstvo zabotitsya ob obshchem blage“ [The government cares about the common good]. http://slon.ru/specials/economy-faculty/lections/110/
Zhemchugov, A. “Vikinomika kak biznes-model“ [Wikinomics as a business model]. Problemy teorii i praktiki upravleniya, no. 10 (2014): 121-125.
Knyazev, D. “Vikinomika v kratkom izlozhenii“ [Wikinomics the summary]. http://habrahabr.ru/blogs/books/92766/
Lombardi, R. “Znakomtes: «Vikinomika»“ [Meet "Wikinomics"]. http://www.osp.ru/cw/2006/07/376011/
Mayburd, E. “Ekonomika kollektivnogo deystviya“ [The Economics of collective action]. http://7iskusstv.com/2012/Nomer9/Majburd1.php
Novozhilova, T., and Zhikharev, K. “Vikinomika na makroekonomicheskom urovne kak razvitiye globalnykh ekonomicheskikh otnosheniy“ [Wikinomics on a macro level, as the development of global economic relations]. Finansy i kredit, no. 13 (397) (2010): 38-41.
Olson, M. Logika kollektivnykh deystviy: Obshchestvennyye blaga i teoriya grupp [The logic of collective action: Public goods and theory of groups]. Moscow: Fond Ekonomicheskoy Initsiativy, 1995.
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Ostrom, E. “Teoriya ratsionalnogo vybora kollektivnogo deystviya. Bikhevioristskiy podkhod“ [Rational choice theory of collective action. Behavioral approach]. Voprosy gosudarstvennogo i munitsipalnogo upravleniya, no. 1 (2010): 5-52.
Prokhorenko, A. “Vikinomika u nas: eto vozmozhno, ili my eshche ne gotovy?“ [Wikinomics: is it possible, or are we still not ready?]. http://blog.liga.net/user/aprohorenko/article/5374.aspx
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Shved, V. “Vikinomika kak novaya vekha v upravlenii“ [Wikinomics as a new milestone in the management of]. Ekonomika Kryma, no. 1 (2011): 234-237.
Shved, V. “Kaidzen menedzhment - yaponskyi shliakh suchasnykh pidpryiemstv“ [Kaizen management - the Japanese way modern enterprises]. Naukovyi visnyk Odeskoho derzhavnoho ekonomichnoho universytetu. Seriia: Ekonomichni nauky, no. 10 (135) (2011): 13-19.
Gilbert, M. “Rationality in Collective Action“Philosophy of the Social Sciences, no. 36 (1) (2006): 3-17.

Section: Finance and banking
UDC 330.144
Abakumenko O. V., Lukiashko P. O.
Financial Instruments: the Essence, Diversity and Role in the Process of Modernization of the Electric Power Sector (p. 320 - 328)
The aim of the article is to clarify the methodological basis for further research concerning analysis of the existing practices and development of proposals on using financial instruments for the modernization of the Ukrainian electric power sector, in particular, to clarify the definition of “financial instruments” and justify their classification, taking into account the defining characteristics. Based on the critical evaluation of various scientific approaches to interpretation of the essence of financial instruments, the author’s definition is proposed. Thus, it is advisable to consider them as means, techniques and methods of attracting financial resources (capital) from other entities and as absolutely liquid assets. The generalization and rethinking of the criteria for classification of financial instruments allowed the authors to divide them into financial assets (cash, bank metals, currency), financial obligations (equity and debt instruments), and instruments of irrevocable financial aid (charitable contributions, grants, crowdfunding, fundraising). The received methodological conclusions quite fully characterize the essence and variety of types of financial instruments, taking into account their principal properties, which will allow to make a well-considered justification for choosing the optimal instruments for the modernization of the electric power sector.
Keywords: irrevocable financial aid, electric power industry, financial assets, financial instruments, financial obligations.
Fig.: 1. Bibl.: 31.

Abakumenko Olha V. – Doctor of Sciences (Economics), Professor, Professor, Department of Finance, Banking and Insurance
Email: abakumenko.olga@gmail.com
Lukiashko Pavlo O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Banking and Insurance, Chernihiv National Technological University (95 Shevchenka Str., Chernihiv, 14027, Ukraine)
Email: pavelluk@ukr.net

Reference to this article:
Abakumenko, Olha V., and Lukiashko, Pavlo O. (2017) “Financial Instruments: the Essence, Diversity and Role in the Process of Modernization of the Electric Power Sector.” The Problems of Economy 1:320–328.

List of references in article

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Section: Finance and banking
UDC 336.76:339.72(447)
Bacho R. J.
Assessing the Condition of Non-Banking Financial Services Markets According to Scenarios of the Situation Development Based on the Results of Cognitive Analysis (p. 329 - 337)
The changes in the condition of markets of non-banking financial services under the influence of state regulation instruments are investigated. As a result of using diagnostic tools for assessing the condition of markets of non-banking financial services based on forecasting scenarios of changes in the condition of the credit services market, the market of private pension provision and the insurance market, the influence of the Regulator’s activities and external factors has been evaluated and forecasted. There made a conclusion about the necessity of using the developed diagnostic tools in determining the priority of the influence of the Regulator’s activities with the aim of leveling the negative influence of external factors on the condition of markets of non-banking financial services.
Keywords: markets of non-banking financial services, efficiency, cognitive maps, state regulation, control factors.
Fig.: 5. Formulae: 1. Bibl.: 21.

Bacho Robert J. – Candidate of Sciences (Economics), Associate Professor, Head of the Department, Department of Accounting and Auditing, Ferenc Rakoczi II Transcarpathian Hungarian Institute (6 Koshuta Square, Beregovo, Zakarpatska oblast, 90202, Ukraine)
Email: escanor@yandex.ru

Reference to this article:
Bacho, Robert J. (2017) “Assessing the Condition of Non-Banking Financial Services Markets According to Scenarios of the Situation Development Based on the Results of Cognitive Analysis.” The Problems of Economy 1:329–337.

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Section: Finance and banking
UDC 336.71
Britchenko I. G., Stoika V. S.
Creation of the Financial Ombudsman Institute: International Experience and Prospects for Ukraine (p. 338 - 343)
The article is dedicated to the problems of introduction of the institute of financial ombudsman in Ukraine on the basis of studying international experience. The modern development of the banking system of Ukraine is characterized by the presence of significant losses, the outflow of deposit funds of individuals, the growth of inflationary pressures, the reduction in the number of banking institutions, and the decrease in the level of confidence in them among the population. These factors among others have led to a considerable number of litigations between banks and their clients. This situation forces the banks to find effective ways to solve the problem. In the world practice the institute of financial ombudsman serves this purpose. The conclusion is made that the activity of the institute of the financial ombudsman occurs within the framework of a clearly defined legislative field, which in a generalized form is represented by the British and German models. The main difference between these models of the financial ombudsman lies in the status of this institute in different countries. But their common characteristics are the respect for clients, the possibility of voluntary appeal to the ombudsman, a short period of considering the matter, the lack of payment for ombudsman services. The necessity of establishment of the institute of alternative resolution of disputes in the sphere of financial services in the form of financial ombudsman in Ukraine is justified. Its creation will improve the quality of financial market regulation, increase the level of public confidence in financial institutions, strengthen financial discipline, reduce the load on law courts, increase the transparency and openness of the financial market. The financial ombudsman should complement the work of other financial market regulators but at the same time remain an independent and free-standing body. In modern realities of development of Ukraine, a necessary task is the development and adoption of a special law that would regulate the process of creating and operating the financial ombudsman in our country.
Keywords: financial ombudsman, protection of consumers of financial services, financial services, banks, financial market.
Tabl.: 1. Bibl.: 15.

Britchenko Igor G. – Doctor of Sciences (Economics), Professor, Department of Finance, State Higher Vocational School Memorial of Prof. Stanislaw Tarnowski in Tarnobrzeg (50 Senkevych Str., Tarnobrzeg, 39-400, Poland)
Email: ibritchenko@gmail.com
Stoika Viktoriia S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance and Banking, Uzhhorod National University (3 Narodna Pl., Uzhhorod, Zakarpattia region, 88000, Ukraine)
Email: svs.uznu@gmail.com

Reference to this article:
Britchenko, Igor G., and Stoika, Viktoriia S. (2017) “Creation of the Financial Ombudsman Institute: International Experience and Prospects for Ukraine.” The Problems of Economy 1:338–343.

List of references in article

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Kotliarevskyi, Ya. V., and Panasenko, H. O. “Rol instytutu bankivskoho ombudsmena u pidvyshchenni doviry kliientiv do bankiv“ [The role of banking Ombudsman to improve customer confidence in banks]. Finansy Ukrainy, no. 11 (2015): 88-96.
Lashin, P. M. “Sovershenstvovaniye mekhanizmov vzaimodeystviya finansovogo i realnogo sektora: analiz problem vnedreniya instituta finansovogo ombudsmena v Ukraine“ [Improving the mechanisms of interaction between financial and real sectors: an analysis of the problems of introduction of Institute of financial Ombudsman in Ukraine]. Prychornomorski ekonomichni studii, no. 12-1 (2016): 14-17.
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Section: Finance and banking
UDC 658.8:336.71:004(075.8)
Dunas N. V.
Development of Communication Strategies for the Marketing of Electronic Banking Services for Individuals (p. 344 - 350)
The main aim of the article is to study the trends in the development of communication strategies for the marketing of electronic banking services for individuals by studying the foreign experience in Digital Banking, as well as the situation in the Ukrainian banking market. There offered a comparative characteristic of banking systems of electronic banking services for clients with the purpose of working out flexible methodological approaches for the development of marketing communication strategies for remote client servicing. The characteristic features of electronic banking services and technologies in Ukraine are determined. Comparative evaluation of positive aspects and risks of remote electronic banking systems for banks as well as their client segment is conducted. Analytical aspects of the sociological survey of European banks regarding the selection of the most important priorities of the marketing strategies of financial institutions for 2017 are presented. Also the main factors determining the development of marketing communications of banks and their clients in the field of electronic payments both in Ukraine and abroad are identified. Modern directions of development of communication strategies of marketing of electronic banking services for individuals in Ukraine are proposed.
Keywords: banks, marketing, communications, electronic banking services, Internet banking, marketing research.
Fig.: 3. Tabl.: 3. Bibl.: 13.

Dunas Nataliia V. – Candidate of Sciences (Economics), Associate Professor, Leading Specialist, Department of International Relations, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79000, Ukraine)
Email: natadunas28@gmail.com

Reference to this article:
Dunas, Nataliia V. (2017) “Development of Communication Strategies for the Marketing of Electronic Banking Services for Individuals.” The Problems of Economy 1:344–350.

List of references in article

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Section: Finance and banking
UDC 368.027.35
Prykaziuk N. V., Yankovskyi D. V.
Approaches to Formation of Technical Reserves of Insurance Organizations: Domestic Realities and International Requirements (p. 351 - 356)
The aim of the article is to study approaches to formation of insurance reserves by insurance companies in Ukraine and the world. The essence and peculiarities of the formation of reserves by insurance organizations in Ukraine are investigated. The provisions of the Solvency II Directive in terms of formation of reserves and financial stability in insurance organizations are considered. A comparative characteristic of the requirements for the solvency of insurers in accordance with the legislation of Ukraine and the requirements of Solvency II is presented. Differences in methods of formation of technical reserves by insurance organizations in Ukraine and the world are determined, factors affecting it are indicated. Methods of formation of insurance reserves in the countries of the European Union are considered. The directions of improving the process of formation of insurance reserves of the insurer are justified. The problems of introducing the experience of foreign countries and Solvency II requirements are analyzed taking into account the realities of the domestic insurance market. The strengths and weaknesses of the introduction of Solvency II in the Ukrainian insurance market are explored.
Keywords: insurance reserves, Solvency II, insurance organization, solvency, prudential supervision, globalization.
Fig.: 1. Tabl.: 1. Formulae: 2. Bibl.: 8.

Prykaziuk Natalia V. – Candidate of Sciences (Economics), Associate Professor, Department of Insurance, Banking and Risk Management, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Yankovskyi Dmytro V. – Masters Student, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: yankovdimon@ukr.net

Reference to this article:
Prykaziuk, Natalia V., and Yankovskyi, Dmytro V. (2017) “Approaches to Formation of Technical Reserves of Insurance Organizations: Domestic Realities and International Requirements.” The Problems of Economy 1:351–356.

List of references in article

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[Legal Act of Ukraine] (2017). http://zakon3.rada.gov.ua/laws/show/85/96-%D0%B2%D1%80
Samoshkina, I. D. “Osoblyvosti formuvannia rezerviv strakhovykh kompanii“ [Features of formation of insurance reserves]. Hroshi, finansy ta kredyt, no. 11 (2016): 786-789.
Suprun, A. “Problemy otsenki platezhesposobnosti strakhovykh kompaniy v postkrizisnom periode“ [The problems of assessing the solvency of insurance companies in the post-crisis period]. Strakhovoye delo, no. 6 (2011): 20-.
Shirinian, L. V. “Zarubizhnyi dosvid zabezpechennia platospromozhnosti strakhovykh kompanii“ [Foreign experience of ensuring the solvency of insurance companies]. Ekonomichni nauky, no. 22 (2009): 40-45.
Yukhymenko, V. M. “Solvency II v Ukraini: problemy vprovadzhennia vymoh do platospromozhnosti strakhovykh orhanizatsii“ [Solvency II in Ukraine: problems of implementation of requirements to solvency of insurance companies]. Naukovyi visnyk Kharkivskoho derzhavnoho universytetu. http://www.ej.kherson.ua/journal/economic_12/155.pdf
Broszeit, T. “Macroprudential Solvency Stress Testing of the Insurance Sector“ IMF Working Paper. https://www.imf.org/external/pubs/ft/wp/2014/wp14133.pdf
“Germany: Insurance sector supervision - technical note“ IMF Working Paper. https://www.imf.org/external/pubs/ft/scr/2016/cr16192.pdf

Section: Finance and banking
UDC 336.71:336.76
Chunytska I. I.
The Role of Infrastructure Potential of the Financial Market in Ensuring its Flexibility and Security (p. 357 - 365)
The article is dedicated to determining the role of infrastructure potential of the financial market in ensuring its security and flexibility. The aim of the article is to assess the role of infrastructure potential of the financial market in ensuring its flexibility and security. Threats to the financial market security are systematized by sources of formation, scale, duration and nature of influence. The essence of security and flexibility of the financial market is defined. There systematized indicators of security and flexibility of the financial market in interrelation with the components of infrastructure potential of the financial market. The methodology for determining the level of economic safety and flexibility of the financial market is substantiated, the corresponding calculations are made. Also the methodology for calculating the normalized index of the infrastructure potential of the financial market is developed. The correlation-regression analysis of the connection between development of the infrastructure potential of the financial market, its security and flexibility is carried out. The results of the calculations showed that the degree of implementation of the financial market infrastructure potential at the current stage of development of the Ukrainian economy is insufficient. It does not contribute to achieving the necessary level of flexibility and security of the financial market. Each of the components of infrastructure potential requires changing approaches to regulation aimed at ensuring the systematic development of the financial market. Most of the identified problems are mainly related to dysfunctionality of the technological and information components of the infrastructural potential of the financial market. This is manifested in the low level of confidence in it from the part of the household sector as well as in the poor efficiency of regulation of certain segments of the financial market. That is why the prospects for further research are to identify areas for increasing the role of technological and information components of the infrastructure potential of the financial market.
Keywords: financial market, financial security, financial flexibility, indicators, infrastructure potential.
Fig.: 3. Tabl.: 8. Formulae: 4. Bibl.: 17.

Chunytska Iryna I. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Financial Markets, The University of the State Fiscal Service of Ukraine (31 Universytetska Str., Irpіn, Kyiv region, 08201, Ukraine)
Email: chunitskaya_307@ukr.net

Reference to this article:
Chunytska, Iryna I. (2017) “The Role of Infrastructure Potential of the Financial Market in Ensuring its Flexibility and Security.” The Problems of Economy 1:357–365.

List of references in article

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Komarnytskyi, I. M., Franiv, I. A., and Komarnytskyi, B. M. “Sutnist i shliakhy zabezpechennia finansovoi bezpeky derzhavy“ [The essence and ways of ensuring financial security of the state]. Naukovyi visnyk Natsionalnoho universytetu DPS Ukrainy (ekonomika, pravo), no. 2 (49) (2010): 22-28.
Yermoshenko, M. M. “Finansova bezpeka derzhavy: natsionalni interesy, realni zahrozy, stratehiia zabezpechennia“ [Financial security of the state: national interests, the real threat, the strategy of providing]. http://www.disslib.org/upravlinnjaekonomichnoju-bezpekoju-pidpryyemnytstva
Soloviov, V. I. “Finansova bezpeka yak osnovopolozhnyi faktor nezalezhnosti derzhavy“ [Financial security as a fundamental factor of independence]. Visnyk Berdianskoho universytetu menedzhmentu i biznesu, no. 3 (15) (2011): 148-.
Gamba, A., and Triantis, A. “The Value of Financial Flexibility“ Journal of Finance, Forthcoming AFA. 2006. papers.ssrn.com
Alian, N. H. “The relationship between financial flexibilityand abnormal returns of firms listed in Tehran stock exchange“ Thesis for master's degree in accounting, under supervision of Dr. Mashayi, department of human sciences. Islamic Azad University of Shahrood, 2013.
Darabi, R. “The relationship between financial flexibility and growth opportunities and capital structure decisions“Journal of Financial Management Strateg vol. 1, no. 1 (2013): 1-31.
Laktionova, A. A., and Chishko, I. S. Mekhanizmy otsenki i formirovaniya finansovoy gibkosti subyektov khozyaystvovaniya [Evaluation mechanisms and the formation of the financial flexibility of economic subjects]. Donetsk: Donbass, 2013.
Mykolaichuk, A. B. “Metodychnyi pidkhid do prohnozuvannia rivnia finansovoi bezpeky derzhavy v systemi monitorynhu“ [Methodical approach to forecasting the level of financial security of the state in the monitoring system]. Visnyk ekonomiky transportu i promyslovosti, no. 38 (2012): 32-.
Savytska, O. “Otsinka ta shliakhy zabezpechennia finansovoi bezpeky Ukrainy“ [Evaluation and ways of ensuring financial security of Ukraine]. Ekonomichnyi forum, no. 3 (2012): 14-.
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“Metodyka rozrakhunku rivnia ekonomichnoi bezpeky Ukrainy“ [The method of calculating the level of economic security of Ukraine]. Ministerstvo ekonomiky Ukrainy: ofits. sait. http://www.me.gov.ua/control/uk/publish/article?art_id=97980&cat_id=38738
Nelson, W., and Perli, R. “Selected indicators of financial stability” in Risk Measurement and Systemic RiskFrankfurt am Main, Germany: European Central Bank, 2007.
Cleverley, W. O. “Predicting Financial Flexibility: A Key to Hospital Survival“ Healthcare Financial Management (1985): 28-38.
Dreyer, B., and Gronhaug, K. “Uncertainty, flexibility, and sustained competitive advantage“ Journal of Business Research, no. 57 (2004): 484-494.
Redziuk, Ye. “Porivnialna kharakterystyka tempiv ekonomichnoho zrostannia ta kapitalizatsii fondovykh birzh svitu i Ukrainy“ [Comparative characteristics of economic growth and the capitalization of stock exchanges of the world and Ukraine]. Finansy Ukrainy, no. 7 (2013): 79-.
Paientko, T., and Poplavska, M. “Bezpeka fondovoho rynku v konteksti zmitsnennia finansovoi bezpeky derzhavy“ [The safety of the stock market in the context of strengthening financial security of the state]. Zbirnyk naukovykh prats Natsionalnoho universytetu DPS Ukrainy, no. 2 (2011): 208-2014.

Section: Finance and banking
UDC [336.76:338.124.4](477)
Shkarlet S. M., Dubyna M. V.
Application of the Turbulence Approach to Knowledge of the Current State of Financial Services Markets (p. 366 - 372)
The article presents the results of studying the turbulent approach to knowledge of the current state of the financial services market (FSM). In particular, there justified the expediency of using this approach through stating the presence of a considerable number of processes that emerge spontaneously and are difficult to anticipate in the economic development of Ukraine in recent years. The article substantiates the author’s position regarding the interpretation of the essence of the turbulent approach, describes the method of its use. Operating by the nature of the turbulent approach there identified the main turbulent processes that occurred in the development of the FSM and had a negative impact on it. These processes have been described and discussed in detail. Particular attention is paid to the influence of such processes on the overall development of the financial services market.
Keywords: financial services market, turbulent approach, turbulence, economic turbulence, economic process, financial intermediary, capitalization, economic trust.
Fig.: 9. Bibl.: 21.

Shkarlet Serhiy M. – Doctor of Sciences (Economics), Professor, Rector
Email: rector@stu.cn.ua
Dubyna Maksym V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Finance, Banking and Insurance, National University «Chernihiv Polytechnic» (95 Shevchenka Str., Chernihiv, 14027, Ukraine)
Email: maksim-32@ukr.net

Reference to this article:
Shkarlet, Serhiy M., and Dubyna, Maksym V. (2017) “Application of the Turbulence Approach to Knowledge of the Current State of Financial Services Markets.” The Problems of Economy 1:366–372.

List of references in article

Boldova, A. A., and Moiko, V. Yu. “Rynok finansovykh posluh Ukrainy: hlobalizatsiinyi aspekt“ [The financial services market of Ukraine: globalization aspect]. Zbirnyk naukovykh prats Natsionalnoho universytetu derzhavnoi podatkovoi sluzhby Ukrainy, no. 1 (2012): 72-79.
Burlachkov, V. “Turbulentnost ekonomicheskikh protsessov: teoreticheskiye aspekty“ [Turbulence of economic processes: theoretical aspects]. Voprosy ekonomiki, no. 11 (2009): 90-97.
Voitenko, O. M. “Teoretychni aspekty sutnosti rynku finansovykh posluh“ [Theoretical aspects of the essence of the financial services market]. Biznes Inform, no. 8 (2014): 233-236.
Gerasimova, E. B. “Metodologiya ekonomicheskogo analiza: turbulentnyy podkhod“ [Methodology of economic analysis: a turbulent approach]. Voprosy sovremennoy nauki i praktiki, no. 12 (26) (2009): 180-190.
Grinkov, D. “Kapitalnaya nedostatochnost“ [Major failure]. Biznes, no. 44 (2016): 30-31.
Grinkov, D., and Gontar, V. “Ozhidaetsya pribytiye“ [It is expected the arrival]. Biznes, no. 42 (2016): 12-13.
Grinkov, D., and Gontar, V. “Otdelnyy razgovor“ [A separate conversation]. Biznes, no. 35 (2016): 16-18.
Zakharchenko, P. V. “Turbulentni protsesy v ekonomitsi kurortno-rekreatsiinykh system“ [Turbulent processes in the economy of the resort and recreational systems]. Visnyk Zaporizkoho natsionalnoho universytetu, no. 3 (15) (2012): 77-82.
“Indeksy spozhyvchykh tsin na tovary ta posluhy“ [Consumer price indices for goods and services]. Derzhavna sluzhba statystyky Ukrainy: ofits. sait. http://www.ukrstat.gov.ua/
“Kilkist strukturnykh pidrozdiliv bankiv“ [The number of structural units of banks]. Natsionalnyi bank Ukrainy: ofits. sait. https://bank.gov.ua/control/uk/publish/article?art_id=34661442&cat_id=34798593
Makarova, N. N., and Shokhnekh, A. V. “Turbulentnyy podkhod k sisteme obespecheniya ekonomicheskoy bezopasnosti ekonomicheskikh subektov“ [Turbulent approach to the system of economic security of economic subjects]. Audit i finansovyy analiz, no. 9 (2012): 397-399.
“Ofitsiinyi kurs hryvni shchodo inozemnykh valiut“ [The official exchange rate of hryvnia against foreign currencies]. Natsionalnyi bank Ukrainy: ofits. sait. https://bank.gov.ua/control/uk/curmetal/detail/currency?period=daily
“Pokaznyky bankivskoi systemy“ [Indicators of the banking system]. Natsionalnyi bank Ukrainy: ofits. sait. https://bank.gov.ua/control/uk/publish/article?art_id=34661442&cat_id=34798593
Titova, V. A., and Fedorets, M. N. “Spetsifika povedeniya potrebitelya na rynke finansovykh uslug“ [Specifics of consumer behavior in the market of financial services]. Marketing i marketingovyye issledovaniya. 2002. http://www.insur-info.ru/press/48102/
Tretyakov, M. M., and Ivlev, G. S. “Usloviye i faktory formirovaniya i razvitiya rynka finansovykh uslug“ [The condition and factors of formation and development of the financial services market]. Obshchestvo. Sreda. Razvitiye, no. 1 (26) (2013): 39-42.
Shkarlet, S. M., and Dubyna, M. V. “Osoblyvosti zastosuvannia kohnityvnoho pidkhodu do identyfikatsii sutnosti rynku finansovykh posluh“ [Features of application of cognitive approach to identification of essence of the financial services market]. Ekonomichnyi chasopys, no. 3-4 (2) (2016): 70-74.
Yurii, S. I., and Lutsyshyn, O. O. “Rynok finansovykh posluh yak instytutsiina osnova rynkovoi ekonomiky“ [The financial services market as the institutional framework of a market economy]. Finansy Ukrainy, no. 11 (2010): 48-59.
Asmundson, I. “What are financial services?“ Finance & Development, March (2011): 46-47.
Shatz, H. J. U. S. International economic Strategy in a turbulent world Santa Monica: RAND Corporation, 2016.
Stijn, C. “Competition in the Financial Sector: Overview of Competition Policies“ IMF Working Paper, 2009. https://www.imf.org/external/pubs/ft/wp/2009/wp0945.pdf
Troppe, M., and Toft, G. “Responding in a turbulent economy: creative roles for workforce investment boards“ http://www.ncee.org/wp-content/uploads/2010/04/Churning_Final_Report.pdf

Section: Social economy, policy and demography
UDC 331.215
Tsymbaliuk S. O.
Decent Wages: Theoretical and Methodological Foundations and Evaluation Indicators (p. 373 - 379)
The aim of the work is to substantiate the theoretical and methodological foundations of fair wages and develop indicators for evaluating the labor income policy in terms of implementing the principles of decent work at different levels. It is substantiated that the concept of “decent wages” is an organizational and economic mechanism for determining the basic parameters of wages, which provides a decent level of remuneration, fair distribution of the marginal product between the owner and the employee, timely payment and objective differentiation of wages, as well as transparency of the wage policy. The organizational and economic mechanism for determining the basic parameters of wages should be based on the use of market and contractual elements to regulate the size and structure of remuneration, as well as innovative approaches and tools for the formation of various components of remuneration for work. There proposed indicators with the identification of evaluation standards of the labor income policy in terms of implementing decent work principles at macro and micro levels. The developed indicators should serve as a tool for assessing the current state and trends in the development of the labor income policy through the prism of the implementation of the principles of decent work. Further research should focus on developing indicators for evaluating the labor income policies in terms of implementing decent work principles at sectoral and regional levels, monitoring the labor income policies, and elaborating innovative mechanisms for developing the labor income policies based on decent work at different levels.
Keywords: remuneration of labor, wages, labor income, labor income policy, decent work, decent wages.
Tabl.: 1. Bibl.: 8.

Tsymbaliuk Svitlana O. – Doctor of Sciences (Economics), Associate Professor, Dean, Faculty of Personnel Management, Sociology and Psychology, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: cymso@ukr.net

Reference to this article:
Tsymbaliuk, Svitlana O. (2017) “Decent Wages: Theoretical and Methodological Foundations and Evaluation Indicators.” The Problems of Economy 1:373–379.

List of references in article

“Prohrama hidnoi pratsi MOP dlia Ukrainy na 2016-2019 roky“ [The decent work agenda of the ILO for Ukraine for the years 2016-2019]. http://www.mlsp.gov.ua/labour/control/uk/publish/article?art_id=187817&cat_id=107177
Abuzyarova, N. A. Zarabotnaya plata: pravovoye regulirovaniye [Salary: legal regulation]. Moscow: RG Press, 2016.
Volgin, N. A. “Dostoynaya oplata truda kak usloviye i sledstviye dostoynogo truda v innovatsionnoy ekonomike“ [Decent pay as a condition and a consequence of decent work in the innovative economy]. http://igpr.ru/library/volgin_na_dostojnaja_oplata_truda_kak_uslovie_i_sledstvie_dostojnogo_truda_v_innovacionnoj_j
Perehudova, T. “Sotsialni standarty hidnoi oplaty pratsi ta yikh dotrymannia v Ukraini“ [Social standards for decent wages and their implementation in Ukraine]. Ukraina: aspekty pratsi, no. 2 (2014): 35-40.
“Tlumachnyi slovnyk ukrainskoi movy“ [Explanatory dictionary of the Ukrainian language]. http://sum.in.ua/s/ghidnyj
Anker, R. et al. “Measuring decent work with statistical indicators“ http://www.ilo.org/wcmsp5/groups/public/---dgreports/---integration/documents/publication/wcms_079089.pdf
Ghai, D. “Decent work: Concept and indicators“International Labor Review (Geneva) vol. 142, no. 2 (2003): 113-145.
Bonne, F., Figueiredo, J., and Standing, G. “A family of decent work indexes“International Labor Review (Geneva) vol. 142, no. 2 (2003): 213-238.

Section: Economic statistics. Accounting and Auditing
UDC 338.26:339.5
Kirey O. S., Mykhalska O. L., Travinska S. I., Kuzminska A. Y.
Actualization of Payments for Foreign Economic Operations in the Context of Eurointegration (p. 380 - 387)
The legislative and regulatory framework of currency regulation and the main vectors for effecting settlements on currency transactions at the stage of Ukraine’s integration into the EU are examined. The state bodies of regulation of foreign economic activity in Ukraine and their main powers for ensuring the effectiveness of the activities of economic entities are considered. The main ways of increasing the potential of foreign economic activity regarding currency regulation in Ukraine with the purpose of creating favorable conditions for the protection of subjects of foreign economic activity are defined. The expediency of liberalization in the system of currency regulation and control is justified. It is pointed out that the documentary provision of currency settlements is inadequate. The order of application of penal sanctions for infringement of the currency legislation is defined.
Keywords: foreign economic activity, foreign exchange operations, foreign exchange control, foreign investment, liberalization of foreign exchange regulation.
Tabl.: 3. Bibl.: 14.

Kirey Oksana S. – Candidate of Sciences (Economics), Assistant, Department of Accounting and Auditing, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: Kirey.oksana.knu@gmail.com
Mykhalska Olena L. – Candidate of Sciences (Economics), Assistant, Department of Accounting and Auditing, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: lena_mykhalska@mail.ru
Travinska Svitlana I. –
Kuzminska Anna Ye. – Student, Faculty of Economics, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: annkuzminska@gmail.com

Reference to this article:
Kirey, Oksana S. et al. (2017) “Actualization of Payments for Foreign Economic Operations in the Context of Eurointegration.” The Problems of Economy 1:380–387.

List of references in article

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Section: Economic statistics. Accounting and Auditing
UDC 657
Prokopenko Z. V.
The Normative Legal Regulation of Accounting Activities of Non-Bank Financial Institutions in Ensuring the Strategic Development of the Financial System of Ukraine (p. 388 - 397)
The aim of the article is to study the normative legal regulation of accounting activities of non-bank financial institutions to ensure the strategic development of the financial system of Ukraine. There actualized the issue of examining the system of normative legal regulation in terms of: first, regulation of the market for non-bank financial services and their activities as an object of accounting; second, regulation of accounting and reporting as the basis of the impact on its organization, methodology; third, formation of requirements to the management of the institution concerning the qualification requirements to the chief accountant as a subject of organization and carrying out the accounting activities. In the course of the research, there developed a model for influencing the transformation of the organization and methodology of accounting, which will be implemented by establishing new requirements to its methods and objects as a result of changes in the normative legal acts and their impact on the systems of economic analysis and audit as components of corporate management of non-bank financial institutions. The proposed model determines the impact of the provisions of the integrated program for the development of the financial sector of Ukraine until 2020 in accounting in terms of methodology, specificity and composition of its objects. As a result of studying the set of documents that define the strategic provisions for the development of the market for non-bank financial services, there identified directions for the formation of new and transformation of the existing provisions of the normative legal regulation of the accounting system through its elements (methods, objects, subjects), study of its functions and justification of the significance in risk management. We believe that these provisions should be implemented by means of the development of organizational and methodological regulations for the accounting of non-bank financial institutions and the development of proposals for their consolidation in normative legal acts.
Keywords: accounting, legal regulation, non-bank financial institutions, strategic development objectives, financial system.
Fig.: 2. Tabl.: 3. Bibl.: 8.

Prokopenko Zhanna V. – Candidate of Sciences (Economics), Candidate on Doctor Degree, Department of Accounting and Auditing, Zhytomyr State Technological University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: tanaspvl@gmail.com

Reference to this article:
Prokopenko, Zhanna V. (2017) “The Normative Legal Regulation of Accounting Activities of Non-Bank Financial Institutions in Ensuring the Strategic Development of the Financial System of Ukraine.” The Problems of Economy 1:388–397.

List of references in article

“Stratehiia staloho rozvytku «Ukraina 2020»“ [Sustainable development strategy "Ukraine 2020"]. Natsionalna komisiia, shcho zdiisniuie derzhavne rehuliuvannia u sferi rynkiv finansovykh posluh. https://nfp.gov.ua/files/sektor/Strategy2020updUA.pdf
“Kompleksna prohrama rozvytku finansovoho sektoru Ukrainy do 2020 roku“ [A comprehensive program of development of the financial sector of Ukraine till 2020]. Natsionalna komisiia, shcho zdiisniuie derzhavne rehuliuvannia u sferi rynkiv finansovykh posluh. https://nfp.gov.ua/content/koncepciya-rozvitku.html
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“Stratehiia reformuvannia derzhavnoho rehuliuvannia rynkiv nebankivskykh finansovykh posluh na 2015-2020 roky“ [The strategy of reforming the state regulation of markets non-Bank financial services for 2015-2020]. Natsionalna komisiia, shcho zdiisniuie derzhavne rehuliuvannia u sferi rynkiv finansovykh posluh. https://nfp.gov.ua/content/koncepciya-rozvitku.html
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Section: Economic statistics. Accounting and Auditing
UDC 657.01:330.34.01
Sokol O. H.
Conceptual Foundations of Transforming the Traditional Accounting System into Sustainability Accounting (p. 398 - 403)
Under modern conditions the significance of social and environmental security is manifested in costs of restoring and protecting the environment, ensuring social security at a decent level and requires reflecting these issues in accounting. The aim of the article is to identify and analyze the ways of transition from traditional accounting to sustainability accounting. In the article the following research methods are used: observation, comparison, the empirical method, the monographic method, induction and deduction, generalization. There analyzed differences in the coverage of all components of traditional accounting and sustainability accounting in terms of three dimensions: time, place and type of information generation. The ways of transition from the traditional system of accounting to sustainability accounting that require adjustment and expansion of the existing accounting system are substantiated. There suggested definitions of the main components of the accounting transformation, which are possible due to the introduction of internal and external sustainability accounting. A prospect for future research is formation of a general concept-methodology of sustainability accounting.
Keywords: sustainable development, accounting, capital, accounting for sustainable development.
Fig.: 3. Tabl.: 1. Bibl.: 9.

Sokol Oleg H. – Candidate of Sciences (Economics), Associate Professor, Department of Accounting and Taxation, Tavria State Agrotechnological University (18 Bohdana Khmelnytskoho Ave., Melitopol, Zaporizka obl., 72315, Ukraine)
Email: sokil.oleg@yandex.ru

Reference to this article:
Sokol, Oleg H. (2017) “Conceptual Foundations of Transforming the Traditional Accounting System into Sustainability Accounting.” The Problems of Economy 1:398–403.

List of references in article

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[Legal Act of Ukraine] (2012). http://zakon3.rada.gov.ua/laws/show/5207-17

Section: Mathematical methods and models in economy
UDC 330.33.01:51-77
Kozyk V. V., Seliuchenko N. Y., Masiuk V. M.
Development of a Model for Quantitative Assessment of Risks and Identification of Threats in Anti-Crisis Management of a Machine-Building Enterprise (p. 404 - 412)
The aim of the article is to develop a model for quantitative assessment of risks in anti-crisis management of a machine-building enterprise. The quantitative assessment will allow to identify among the risks the threats that can be considered as catastrophic risks. To assess the integral risk of anti-crisis management of the enterprise, there used a process approach distinguishing the process of anti-crisis management activity and the process of implementation of the anti-crisis program. Within the framework of the process the types of activity are singled out, for each of them risks are identified with revealing their reasons. There built a fuzzy hierarchical model comprising the following elements: terminal nodes — indicators (factors) of risks; non-terminal nodes — separate risks that are characteristic for the processes and risks of each process as a whole; root of the tree — the integral risk of anti-crisis management. The expediency of building a hierarchical fuzzy model, within which conclusions are formed for intermediate variables, is substantiated. Based on the own research and taking into account the opinion of experts, the parameters of the trapezoidal membership functions for assessing indicators and risks are determined. Fuzzy bases of knowledge about the correlation are formed using the Mamdani algorithm. The adequacy of the model is estimated on the basis of the learning sample. The built fuzzy model makes it possible to obtain risk assessment based on the set values of the indicators, thus providing an analysis of the sensitivity of risks to various factors. It is easily adjusted to other conditions and types of economic activity of the enterprise.
Keywords: risk, threat, quantitative risk assessment, risk indicator, fuzzy hierarchical model, process risk, integral risk of anti-crisis management.
Fig.: 6. Tabl.: 6. Formulae: 1. Bibl.: 8.

Kozyk Vasyl V. – Candidate of Sciences (Economics), Professor, Head of the Department, Department of Economics and Business Investment, National University «Lviv Polytechnic» (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: Vasyl.V.Kozyk@lpnu.ua
Seliuchenko Nadiia Ye. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Business Investment, National University «Lviv Polytechnic» (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: Nadiia.Y.Seliuchenko@lpnu.ua
Masiuk Viktoriya M. – Postgraduate Student, Department of Economics and Business Investment, National University «Lviv Polytechnic» (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: vklymash@gmail.com

Reference to this article:
Kozyk, Vasyl V., Seliuchenko, Nadiia Ye., and Masiuk, Viktoriya M. (2017) “Development of a Model for Quantitative Assessment of Risks and Identification of Threats in Anti-Crisis Management of a Machine-Building Enterprise.” The Problems of Economy 1:404–412.

List of references in article

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Section: Mathematical methods and models in economy
UDC 658.152:330.322.54:519.866
Kotsyuba O. S.
Estimation of the Net Present Value of the Investment Project in the Situation of Fuzzy Initial Data (p. 413 - 420)
The article investigates the problem of estimating the net present value of the investment project using a methodology based on the theory of fuzzy sets in the situation when the initial data are described by fuzzy estimates. In the general case the fuzzy-multiple estimation of the specified indicator at a discrete-interval representation of the initial parameters is reduced to a set of homogeneous optimization problems. Often, depending on the characteristics of fuzzy estimates of cash flows of the investment project under consideration, the solutions to these problems can be found directly on the basis of relevant analytical expressions, while other problems require using special optimization methods. In the work there made an attempt to develop the analytical component of the fuzzy-multiple modeling of the net present value indicator. First, we examined the general search and optimization approach, which allows providing a predetermined degree of accuracy, as well as the method for approximate determination of the fuzzy estimate of the net present value on the basis of analytical relationships developed by Сhui-Yu Chiu and Chan S. Park. After that, the situation was analyzed, and the corresponding calculation model was proposed, when fuzzy estimates of the cash flows of the investment project can be interpreted from the perspective of the concept of the money-generating operation formulated by O. B. Lozhkin. Among other things, it allowed to develop a general scheme for determining the fuzzy estimate of the net present value, supplementing it with the situation of this concept. As the main direction of the further development of the problems discussed in the publication there determined the formation of a holistic methodology for evaluating the effectiveness of real investments, which would cover different in their nature and structural characteristics types of uncertainty from unified theoretical positions.
Keywords: investment project, efficiency evaluation, net present value, uncertainty, fuzzy data.
Formulae: 47. Bibl.: 14.

Kotsyuba Oleksiy S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Business Economics and Entrepreneurship, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: as_kotsyuba@ukr.net

Reference to this article:
Kotsyuba, Oleksiy S. (2017) “Estimation of the Net Present Value of the Investment Project in the Situation of Fuzzy Initial Data.” The Problems of Economy 1:413–420.

List of references in article

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Chernov, V. G. Modeli podderzhki prinyatiya resheniy v investitsionnoy deyatelnosti na osnove apparata nechetkikh mnozhestv [Model of decision support in the investment activity on the basis of fuzzy sets]. Moscow: Goriachaya liniya-Telekom, 2007.
Derevyanko, P. M. “Modeli i metody prinyatiya strategicheskikh resheniy po raspredeleniyu realnykh investitsiy predpriyatiya s primeneniyem teorii nechetkikh mnozhestv“ [Models and methods of strategic decision-making on the distribution of real investments of the enterprise with use of fuzzy set theory]. dis. ... kand. ekon. nauk: 08.00.13, 2006.
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Kotsiuba, O. S. “Vlastyvosti pokaznyka ekonomichnoho prybutku investytsiinoho proektu v konteksti fundamentalnoi teorii“ [The properties of the indicator of economic profit of the investment project in the context of a fundamental theory]. http://www.economy.nayka.com.ua/index.php?operation=1&iid=370

Section: Mathematical methods and models in economy
UDC 519.863:005.585:005.936.3
Malуarets L. M., Minenkova O. V.
Solving the Problems of Multicriteriality in Assessing the Enterprise Activity on the Basis of Multicriteria Optimization Methods (p. 421 - 427)
The expediency of using multicriteria optimization methods for solving multicriteria problems in evaluation of the enterprise activity is substantiated. The analysis of modern methods of multicriteria optimization is carried out. Various classification characteristics of multi-core optimization problems are considered. There carried out a detailed analysis of such methods of multicriteria optimization as without participation of decision-makers; based on the scalar convolution of the criteria into one; using a criterion constraint; method of the main criterion; successive concessions method; targeted programming; method where the principle of guaranteed result is applied; the method of Steuer and Choo; STEM; using fuzzy logic; FFANN; methods that use genetic algorithms for simulation models. The advantages and disadvantages of the considered methods of solving the problems of multicriteria evaluation of the enterprise activity based on the balanced system of indicators are singled out. The existence of a large set of methods for solving MOP in modeling a balanced system of indicators provides ample opportunities for managing the enterprise activity. The article proposes a metamodel of multicriteria optimization of a balanced system of indicators for the enterprise activity evaluation.
Keywords: enterprise activity evaluation, multicriteriality, multicriteria optimization problem, partial criteria, balanced scorecard.
Tabl.: 1. Formulae: 4. Bibl.: 12.

Malуarets Lyudmyla M. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Economic and Mathematical Modeling, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: malyarets@ukr.net
Minenkova Olena V. – Applicant, Department of Mathematics and Economics and Mathematical Methods, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: elenkavl21@rambler.ru

Reference to this article:
Malуarets, Lyudmyla M., and Minenkova, Olena V. (2017) “Solving the Problems of Multicriteriality in Assessing the Enterprise Activity on the Basis of Multicriteria Optimization Methods.” The Problems of Economy 1:421–427.

List of references in article

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Jin, Y., Olhofer, M., and Sendhoof, B. “A framework for evolutionary optimization with approximate fitness functions“IEEE Transactions on Evolutionary Computation vol. 6, no. 5 (2002): 481-494.
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Orlovskiy, S. A. Problemy priniatiya resheniy pri nechetkoy iskhodnoy informatsii [The problem of decision making with fuzzy initial information]. Moscow: Nauka, 1981.

Section: Mathematical methods and models in economy
UDC 303.8:330.341:631.1
Nykolyuk O. M., Timonin Y. O., Vasko S. M.
The Methodology for Assessing the Efficiency of the Functioning of the Institutional Environment of Agricultural Enterprises (p. 428 - 434)
The classification of functions of the elements of the institutional environment of agricultural enterprises is developed depending on the sphere of their functioning. There identified forms of manifestation of insufficient efficiency of the institutional environment regarding small, medium and large commodity producers, as well as agricultural enterprises that are part of the structure of agro-holdings. The methodology for assessing functional efficiency of the elements of the institutional environment of agribusiness entities on the basis of applying the provisions of the fuzzy logic theory on the basis of extension of the MatLab Fuzzy Logic Toolbox is proposed. The level of implementing by the elements of the institutional environment of agricultural enterprises’ competitiveness the functions of law-making, support of entrepreneurship, market regulation, contracting, information support, state support, innovation and technology transfer, and lending is determined.
Keywords: institutional environment, functions of elements of institutional environment, agricultural enterprise, efficiency of functioning, theory of fuzzy sets.
Tabl.: 3. Formulae: 4. Bibl.: 11.

Nykolyuk Olga M. – Doctor of Sciences (Economics), Associate Professor, Associate Professor, Department of Computer Technologies and Modeling Systems, Zhytomyr National Agroecological University (7 Staryi Bivd., Zhytomyr, 10008, Ukraine)
Email: nikolyukolya@gmail.com
Timonin Yuriy O. – Candidate of Sciences (Engineering), Associate Professor, Associate Professor, Department of Computer Technologies and Modeling Systems, Zhytomyr National Agroecological University (7 Staryi Bivd., Zhytomyr, 10008, Ukraine)
Email: timoninya@mail.ru
Vasko Sergiy M. – Candidate of Sciences (Engineering), Assistant, Department of Computer Technologies and Modeling Systems, Zhytomyr National Agroecological University (7 Staryi Bivd., Zhytomyr, 10008, Ukraine)

Reference to this article:
Nykolyuk, Olga M., Timonin, Yuriy O., and Vasko, Sergiy M. (2017) “The Methodology for Assessing the Efficiency of the Functioning of the Institutional Environment of Agricultural Enterprises.” The Problems of Economy 1:428–434.

List of references in article

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Borshchevskyi, V. V., and Mahas, V. M. “Silskohospodarska kooperatsiia: rynkovi mekhanizmy rozvytku“ [Agricultural cooperation: market development mechanisms]. Ekonomika APK, no. 10 (2014): 14-19.
Hrebeshkov, O. M. “Porivnialna kharakterystyka vitchyznianoi ta zarubizhnoi praktyky otsinky informatsiinykh potreb pidpryiemstv“ [Comparative characteristics of domestic and foreign experience in assessing the information needs of enterprises]. Reformuvannia ekonomiky Ukrainy: stan ta perspektyvy. Kyiv: MIBO KNEU, 2009.54-58.
Zinovchuk, V. V. “Orhanizatsiino-pravovi zasady stanovlennia silskohospodarskoi kooperatsii v Ukraini“ [Organizational-legal bases of formation of agricultural cooperation in Ukraine]. Visnyk ZhNAEU, no. 1 (2) (2012): 3-12.
Kotykova, O. I., and Babych, M. M. “Stan problemy rozvytku obsluhovuiuchoi kooperatsii u silskomu hospodarstvi Ukrainy“ [The state of problems of development of service cooperation in agriculture of Ukraine]. Kooperatyvni chytannia: 2013. Zhytomyr: ZhNAEU, 2013. 47-57.
Marynchenko, O. O. “Ekonomichni aspekty funktsionuvannia ahrokholdynhiv v Ukraini“ [Economic aspects of agricultural holdings in Ukraine]. Oblik i finansy APK, no. 3 (2010): 139-143.
Martyn, A. “Zakhyst ekonomichnoi konkurentsii u silskohospodarskomu zemlekorystuvanni: perevahy i nedoliky ahrokholdynhiv“ [The protection of economic competition in the agricultural land use: the advantages and disadvantages of agricultural holdings]. Zemlevporiadnyi visnyk, no. 8 (2010): 26-32.
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Nechytailo, V. “Zaprovadzhennia rynkovoho obihu zemli v suchasnii Ukraini: ryzyk stanovlennia zemelnoi monopolii ahrokholdynhiv“ [The introduction of market turnover of land in modern Ukraine: the risk of becoming a land of monopolies of agricultural holdings]. Problemy krain Tsentralnoi ta Skhidnoi IEvropy, no. 2 (2011): 171-179.
Piontko, N. B. “Vplyv diialnosti ahrokholdynhiv na stanovlennia monopolizatsii rynku zemli Ukrainy“ [The impact of the activities of agricultural holdings on the formation of monopolization of land market of Ukraine]. Visnyk Akademii pratsi i sotsialnykh vidnosyn Federatsii profspilok Ukrainy, no. 1 (2013): 50-57.
Sapych, V. I., and Sapych, N. M. “Ekspansiia finansovoho kapitalu i kontsentratsiia zemelnykh resursiv v ahrarnomu sektori ekonomiky“ [The expansion of financial capital and concentration of land resources in the agricultural sector]. Ekonomichni problemy staloho rozvytku. Vol. 1. Sumy: SumDU, 2014. 252-254.

Section: Mathematical methods and models in economy
UDC 338.439:332.142.4:330.322
Pilko A. D., Potiatynnyk B. B.
The Models for Analysis of Interrelations between the Indicators of Investment Activity and the System of Indicators of Efficiency of Using the Potential of the Regional Meat and Meat Products Market (p. 435 - 440)
The aim of the publication is to provide the results of the analysis of existing approaches to the formulation and solution of the problem of evaluating the level of efficiency of using investment, production and consumption components of the potential of the regional market for meat and meat products in the context of its territorial systems as well as development of an own scientific and methodological approach to evaluating and analyzing the linkages between the effectiveness of using the components of the regional market for this food type and its determining factors, based on the development and use of possibilities of applied econometric models. With regard to the available statistical base, taking into account the results of studying management of the food and investment components of economic security, namely the works aimed at determining the indicators of investment activity, investment attractiveness and efficiency of using the investment climate of the territorial systems of the region, the investment attractiveness of economic activities, and the consumer and production potentials of the regional market for meat and meat products, there carried out an appropriate analysis of the effectiveness of the factors facilitating the food component of regional development security based on the evaluation of the parameters of the simulative econometric models.
Keywords: production potential of the market, consumer market potential, investment climate, meat and meat products market, region, territorial system, simulation model.
Bibl.: 15.

Pilko Andriy D. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economic Cybernetics, Precarpathian National University named after V. Stefanyk (57 Shevchenka Str., Ivano-Frankіvsk, 76018, Ukraine)
Email: andriypilko@i.ua
Potiatynnyk Bohdana B. – Master, Department of Economic Cybernetics, Precarpathian National University named after V. Stefanyk (57 Shevchenka Str., Ivano-Frankіvsk, 76018, Ukraine)
Email: dana5588@mail.ru

Reference to this article:
Pilko, Andriy D., and Potiatynnyk, Bohdana B. (2017) “The Models for Analysis of Interrelations between the Indicators of Investment Activity and the System of Indicators of Efficiency of Using the Potential of the Regional Meat and Meat Products Market.” The Problems of Economy 1:435–440.

List of references in article

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Romanyshyn, O. “Osoblyvosti formuvannia rynku miasa v Ukraini“ [Peculiarities of the meat market in Ukraine]. Innovatsiina ekonomika, no. 8 (2013): 233-237.
Holovnia, Yu. I. “Metodyka doslidzhennia potentsialu rehionalnoho prodovolchoho rynku v konteksti natsionalnoho suverenitetu“ [Research methodology the capacity of the regional food market in the context of national sovereignty]. Efektyvna ekonomika. http://www.economy.nayka.com.ua/?op=1&z=1879
Kuznetsova, L. V. “Kompleksnaya otsenka potrebitelskogo potentsiala rynka produktov pitaniya“ [A comprehensive evaluation of consumer potential of the food market]. Upravleniye ekonomicheskimi sistemami. http://cyberleninka.ru/article/n/kompleksnaya-otsenka-potrebitelskogo-potentsiala-rynka-produktov-pitaniya

Section: Mathematical methods and models in economy
UDC 004.94:519.8:658.8
Skitsko V. I.
Artificial Immune Systems as a Modern Tool for Solving Multi-Purpose Optimization Tasks in the Field of Logistics (p. 441 - 446)
The article investigates various aspects of the functioning of artificial immune systems and their using to solve different tasks. The analysis of the studied literature showed that nowadays there exist combinations of artificial immune systems, in particular with genetic algorithms, the particle swarm optimization method, artificial neural networks, etc., to solve different tasks. However, the solving of economic tasks is paid little attention. The article presents the basic terminology of artificial immune systems; the steps of the clonal selection algorithm are described, as well as a brief description of the negative selection algorithm, the immune network algorithm and the dendritic algorithm is given; conceptual aspects of the use of an artificial immune system for solving multi-purpose optimization problems are formulated, and an example of solving a problem in the field of logistics is described. Artificial immune systems as a means of solving various weakly structured, multi-criteria and multi-purpose economic tasks, in particular in the sphere of logistics, are a promising tool that requires further research. Therefore, it is advisable in the future to focus on the use of various existing immune algorithms for solving various economic problems.
Keywords: artificial immune systems, immune algorithms, Wilson formula, logistics, multi-purpose optimization task.
Formulae: 1. Bibl.: 17.

Skitsko Volodymyr I. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Mathematical Modeling and Statistics, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: skitsko@kneu.edu.ua

Reference to this article:
Skitsko, Volodymyr I. (2017) “Artificial Immune Systems as a Modern Tool for Solving Multi-Purpose Optimization Tasks in the Field of Logistics.” The Problems of Economy 1:441–446.

List of references in article

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Section: Mathematical methods and models in economy
UDC 621:338.24:330.341.1
Fedorenko I. A., Mordovtsev O. S., Miasnykov V. O.
Forecasting Innovation Risks of Machine-Building Enterprises with the Use of Fuzzy Sets (p. 447 - 456)
The aim of the article is to solve an actual problem of assessing and forecasting the risks of innovation activity of an enterprise under uncertainty. Numerous studies dedicated to this problem suggest various qualitative and quantitative methods, however, most papers present no results of their practical application, which calls the usefulness of their use into question. With the help of the scientific and methodological approach based on the theory of fuzzy sets, the model of predicting the expected risk using fuzzy triangular numbers is proposed. All possible cases of interaction of the expected value of the studied indicator and the indicator characterizing its boundary conditions are investigated. With the help of the received formulas, the total risk of investing in an innovation project is determined depending on the boundary conditions. The index of profitability of investments is chosen as the indicator to be studied. The model allows potential investors and developers to select the optimal values of the project parameters provided that the risk is minimized.
Keywords: innovation risk, forecasting, fuzzy sets, investments, profitability index.
Fig.: 12. Tabl.: 1. Formulae: 15. Bibl.: 12.

Fedorenko Irina A. – Doctor of Sciences (Economics), Professor, Department of International Management and Finance, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: genasvale1@mail.ru
Mordovtsev Oleksandr S. – Candidate of Sciences (Economics), Senior Lecturer, Department of International Management and Finance, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: acmor@mail.ru
Miasnykov Viacheslav O. – Applicant, Department of Economics of Municipal Enterprises, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: slava.myasnikov1990@gmail.com

Reference to this article:
Fedorenko, Irina A., Mordovtsev, Oleksandr S., and Miasnykov, Viacheslav O. (2017) “Forecasting Innovation Risks of Machine-Building Enterprises with the Use of Fuzzy Sets.” The Problems of Economy 1:447–456.

List of references in article

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Yeleiko, Yu., Shcherbyna, Yu., and Dmytriv, S. “Vyznachennia poniattia ryzyku za dopomohoiu teorii nechitkykh mnozhyn“ [The definition of risk using fuzzy set theory]. Visnyk Lvivskoho universytetu. Seriia: Prykladna matematyka ta informatyka, no. 21 (2014): 79-83.
Nedosekin, A. O. Otsenka riska biznesa na osnove nechetkikh dannykh [Assessment of business risk based on fuzzy data]. St. Petersburg: Izd-vo Politekhn. un-ta, 2004.
Abdulayeva, Z. I., and Nedosekin, A. O. Strategicheskiy analiz innovatsionnykh riskov [Strategic analysis of innovative risks]. St. Petersburg: Izd-vo Politekhn. un-ta, 2013.
Velikoivanenko, V. I. et al. “Uproshchennyy algoritm postroeniya veroyatnostnoy modeli otsenki stepeni riskov innovatsionnykh proektov“ [A simplified algorithm for constructing probabilistic models for the risk assessment of innovative projects]. Kosmicheskaya tekhnika i tekhnologii, no. 3 (6) (2014): 81-89.
Melnikov, V. I. “Primenenie teorii nechetkikh mnozhestv v analize riskov investitsionnykh proektov“ [Application of fuzzy set theory in risk analysis of investment projects]. Ekonomicheskaya teoriya, analiz, praktika, no. 3 (2010): 57-71.
Myachin, V. H. “Nechetko-mnozhestvennyy podkhod k otsenke riskov pri razrabotke strategii innovatsionnogo razvitiya promyshlennykh predpriyatiy“ [Fuzzy-multiple approach to risk assessment in the development of the strategy of innovative development of industrial enterprises]. Ekonomichnyi visnyk DVNZ UDKhTU, no. 1 (13) (2016): 12-16.
Pavlova, V. A., Myachyn, V. H., and Zhukova, A. H. “Otsenka innovatsionnogo potentsiala mashinostroitelnogo predpriyatiya metodom nechetkikh mnozhestv“ [The estimation of innovative potential of machine-building enterprise by the method of fuzzy sets]. Biuleten Mizhnarodnoho Nobelivskoho ekonomichnoho forumu, no. 1 (6) (2013): 243-252.
Gnuni, T. S. “Metodika otsenki riska investitsionnogo proekta s ispolzovaniyem neopredelenno-mnozhestvennoy modeli s Gaussovoy funktsiyey prinadlezhnosti“ [Methods of assessment of risk investment project with the use of uncertain multiple model with Gaussian membership function]. Matematicheskie metody analiza v ekonomike, no. 9 (99) (2012): 27-33.
Ilyashenko, S. N. “Riski innovatsionnoy deyatelnosty. Klassifikatsiya i metody otsenky“ [The risks of innovation. Classification and assessment methods]. Visnyk Ukrainskoi akademii bankivskoi spravy, no. 1 (8) (2000): 39-42.
Leonenkov, A. V. Nechetkoe modelirovanie v srede MATLAB i fuzzyTECH [Fuzzy modeling in MATLAB and fuzzyTECH]. St. Petersburg: BKhV-Peterburg, 2005.
Zimmerman, H.-J. Fuzzy Set Theory and its ApplicationsDordrecht: Kluwer Academic Publishers, 1996.

Section: Mathematical methods and models in economy
UDC 330.45:334.012.64
Sherstennykov Y. V.
A Simulation Model of the Logistics System of a Small Enterprise (p. 457 - 466)
An important trend in the theoretical study of the current activity and strategic prospects of small enterprises is the development of dynamic models of their functioning under the contemporary socio-economic conditions. The basis for building a simulation model of the logistic system of a small enterprise is the approach of J. Forrester developed by the author on the basis of the methods elaborated within the methodological approach to modeling the processes of development of the structure and properties of a small enterprise by building dynamic models. In the article a simulation model of the logistic system of a small enterprise has been elaborated, and on its basis there have been developed and substantiated the following elements of the logistics system of a small enterprise: a model of shipment management in a sales company; a model of management of a sales company; a production management scheme. The numerical calculations show that the total annual net profit increases if the demand increases at the beginning of the year.
Keywords: simulation model, hourly parameters, logistic system.
Fig.: 7. Formulae: 37. Bibl.: 8.

Sherstennykov Yuriy V. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Economic Cybernetics, Oles Honchar Dnipro National University (72 Nauky Ave., Dnіpro, 49010, Ukraine)
Email: hm001@ukr.net

Reference to this article:
Sherstennykov, Yuriy V. (2017) “A Simulation Model of the Logistics System of a Small Enterprise.” The Problems of Economy 1:457–466.

List of references in article

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Hlotov, Ye. O., and Cherevatenko, V. A. “Realizatsiia metodiv imitatsiinoho modeliuvannia ryzykiv investytsiinykh proektiv zasobamy MS Excel“ [Implementation of methods of simulation modeling of investment project risks by means of MS Excel]. Biznes Inform, no. 9 (2014): 119-124.
Zhykharevych, V. V., and Matsiuk, N. O. “Klitynno-avtomatne modeliuvannia dynamiky obsiahiv prodazhiv torhivelnoho pidpryiemstva“ [Cell-automate modeling of the dynamics of sales of trade enterprise]. Biznes Inform, no. 2 (2013): 75-79.
Zelenkov, A. V., and Bratova, O. Yu. “Vykorystannia orhanizatsiinoho ta imitatsiinoho modeliuvannia dlia orhanizatsii roboty pidpryiemstv hromadskoho kharchuvannia“ [The use of organisational and imitation modelling for the organization of work of public catering enterprises]. Biznes Inform, no. 12 (2011): 100-104.
Salun, M. M. “Modeliuvannia optymalnykh parametriv resursnoho potentsialu promyslovoho pidpryiemstva“ [Modeling of optimal parameters of resource potential of industrial enterprise]. Biznes Inform, no. 5 (2012): 178-181.
Skitsko, V. I. “Analiz ta modeliuvannia synerhichnoho efektu lohistychnykh system mikroekonomichnoho rivnia“ [Analysis and modeling of synergistic effect of logistic system of microeconomic level]. Problemy ekonomiky, no. 1 (2015): 242-248.
Tarasova, O. O. “Informatyzatsiia zavdan pidvyshchennia konkurentospromozhnosti pidpryiemstva za dopomohoiu zbalansovanoi systemy pokaznykiv“ [Informatization problems of increase of competitiveness of the enterprise using the balanced scorecard]. Biznes Inform, no. 4 (2012): 172-175.
Forrester, Dzh. Osnovy kibernetiki predpriyatiya (Industrialnaya dinamika) [Fundamentals of Cybernetics of the enterprise (Industrial dynamics)]. Moscow: Progress, 1971.