Work

Organizational and economic mechanisms of qualitative modeling of sustainable development of the enterprise

Year: 2021

Type: conference-paper

Abstract: In modern conditions the successful operation of enterprises and maintaining the sustainability of their development depend on the adaptive model of strategic management of the enterprise. The development of such a model using traditional econometric approaches was proposed in the paper. It was suggested by the authors to take into account the prerequisites and specifics of operating activities using the method of PLS (Partial Least Squares), when it is possible to find several important (result) indicators out by the transition from the original set of features to the set of major components of a smaller dimension while maintaining causal relationships allows. The PLS-PM model of sustainable development of the mining enterprise as a complex economic system was done. The essence of latent variables and the relationship between them were identified and substantiated as well as the numerical modelling was performed using the methods of scientific generalization and abstraction.

Source: E3S Web of Conferences

DOI: 10.1051/e3sconf/202128002008

Authors: Olga Maslak, Natalya Grishko, Mykhailo Odintsov, Yaroslava Yakovenko, Khatuna Buchashvili

Institution: Kremenchuk Mykhailo Ostrohradskyi National University

Language: English

Topic: Sustainability and Innovation in Business

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W3173660089

FWCI: 6.627

Cites: 8

Cited by: 9

Related to: 10