JUSTIFICATION OF THE PROGRAM FOR IMPROVING THE FINANCIAL CONDITION OF AN INDUSTRIAL ENTERPRISE BASED ON OPTIMIZATION MODELING

The task of maintaining a stable financial condition is relevant for industrial enterprises. It is especially important at the present stage, when the goal of ensuring technological sovereignty is set before the Russian economy. Within the framework of solving this problem, industrial enterprises need to develop a financial recovery program and substantiate the most optimal variant of it. The transition to a higher level of financial viability of an industrial enterprise is possible due to the selection and implementation of a set of organizational and technical measures that contribute to improving the effectiveness of financial and economic activities within the framework of the chosen financial recovery policy. An industrial enterprise with an unstable financial condition is developing a financial recovery program aimed at minimizing the risks of insolvency and bankruptcy. Since the variability of decisions is one of the basic principles of management, an industrial enterprise, as a rule, develops several options for a financial recovery program. This determines the urgency of the task of choosing among the developed the most optimal variant of the program for improving the financial condition of an industrial enterprise. The article shows the methodology for substantiating and choosing a program for improving the financial condition of an industrial enterprise based on economic and mathematical optimization modeling. An example of using an optimization model is considered. The simulation results are presented. The comparison of the values of the planned financial indicators calculated based on the results of the development of three variants of the program for the financial recovery of an industrial enterprise, and the financial indicators obtained on the basis of optimization modeling, deviations are determined. A technique for assessing deviations based on ranking is proposed. An algorithm of actions for the procedure for developing and implementing a program for improving the financial condition of an industrial enterprise is presented in the form of a flowchart.

finance, financial condition, financial recovery program, profitability, solvency, bankruptcy, industry, enterprise, financial insolvency, modeling

Grinyuk K. P. Justification of the program for improving the financial condition of an industrial enterprise based on optimization modeling. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2023;2(63):102—108. DOI: 10.25683/VOLBI.2023.63.629.