Measuring the Effectiveness of the Process of System Operation with Simultaneous Consideration for its Effectiveness in the Classical Sense and its Efficiency Coefficient: Energy Aspect
Yarmolenko V. О., Burennikova N. V.

Yarmolenko, Viktor О., and Burennikova, Nataliia V. (2019) “Measuring the Effectiveness of the Process of System Operation with Simultaneous Consideration for its Effectiveness in the Classical Sense and its Efficiency Coefficient: Energy Aspect.” The Problems of Economy 3:178–185.
https://doi.org/10.32983/2222-0712-2019-3-178-185

Section: Economic theory

UDC 330.3:338.24:303.22:631.1:51–77

Abstract:
The aim of the article is to describe the methodology for measuring effectiveness of subprocesses of the system operation process with simultaneous consideration for their effectiveness in the classical sense and their efficiency coefficients. The methodology is based on the authors’ models of efficiency components of the process as a newly created toolbox to be used in the process control. It is found that the proposed by the authors process effectiveness indicator, which is presented as the relation between the indicator of total product of the process and the cost indicator, characterizes the process mainly in terms of cost, and the authors’ efficiency coefficient indicator (as the relation between the indicator of net product of the process and its total product indicator) – in terms of benefit. The geometric mean of these indicators, which simultaneously takes into account effectiveness of the process in the classical sense and its effectiveness in the form of efficiency coefficient, is chosen as a newly created process effectiveness indicator. It is emphasized that the special value of the proposed new (third) effectiveness indicator is that it determines the features of process effectiveness in terms of the above mentioned two factors: cost and benefit. Moreover, three efficiency indicators (in terms of costs, in terms of both benefit and costs, in terms of benefit) are introduced. Each of the efficiency indicators is obtained as the product of the indicator of scale product of the process by the corresponding effectiveness indicator. The specific examples given in the article show the practical implementation of the methodology proposed by the authors for measuring the newly created indicator of effectiveness of system operation and the possibility of its application (along with the methods for measuring other author’s indicators) to control the force of this process. It is noted, as in the previous works of the authors, that the proposed methods can be used to study complicated systems of various types and levels of hierarchy (which is the scientific novelty of the proposed research results).

Keywords: force of the process, energy approach, product energy of the process, efficiency coefficient of the process, effectiveness and efficiency of the process, Burennikova (Polishchuk)-Yarmolenko models of efficiency components.

Tabl.: 2. Formulae: 3. Bibl.: 30.

Yarmolenko Viktor О. –
Burennikova Nataliia V. – Doctor of Sciences (Economics), Professor, Professor, Department of Enterprise Economics and Production Management, Vinnytsia National Technical University (95 Khmelnytske Chss, Vinnytsia, 21021, Ukraine)
Email: n.burennikova@ukr.net

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