Email this article An innovative method of managerial decision-making based on risk tolerance management of organizations in various sectors of the economy
- Authors: Zubova L.V.1, Astashenko A.N.2
-
Affiliations:
- The Russian Presidential Academy of National Economy and Public Administration
- Russian University of Cooperation
- Issue: Vol 19, No 5 (2023)
- Pages: 139-145
- Section: Management
- URL: https://journal-vniispk.ru/2541-8025/article/view/252643
- EDN: https://elibrary.ru/CWFTYM
- ID: 252643
Cite item
Open Access
Access granted
Subscription Access
Abstract
Management decision-making based on the determination of the risk tolerance of organizations in various sectors of the economy is an integral part of the decision-making process in conditions of uncertainty of the consequences of risk at any level. For effective management of economic risks in decision-making, it is necessary to use scientifically sound methods, which in turn is possible on the basis of modern methods of information processing, since risk management and risk tolerance of organizations in various sectors of the economy is largely a subjective process. The subjective process, one way or another, is closely related to the possibility of the emergence of uncertainty conditions that give rise to risky situations, the illiterate management of which leads to the emergence of risky combinations, complication of their structures and the rise in the cost of projects. The aim of the research is to develop an innovative method of managerial decision-making based on risk tolerance management of organizations in various sectors of the economy, which includes eight stages and provides an increase in the economic efficiency of spending funds in conditions of uncertainty of the consequences of risks together with the innovative development of the economy of the Russian Federation. In this article, for the first time, an innovative method of managerial decision-making based on risk tolerance management of organizations of various sectors of the economy has been developed, which allows, based on the level of risk tolerance of the enterprise, to make economically feasible decisions, which in turn ensures innovative development of the Russian economy in risky and risk-free conditions.
Keywords
Full Text
##article.viewOnOriginalSite##About the authors
Lyudmila V. Zubova
The Russian Presidential Academy of National Economy and Public Administration
Author for correspondence.
Email: zl11@yandex.ru
ORCID iD: 0000-0003-2345-2504
SPIN-code: 2162-5563
Dr. Sci. (Econ.), Associate Professor, Professor of the Department of Economics
Russian Federation, Saint PetersburgAlexandra N. Astashenko
Russian University of Cooperation
Email: andrey_b79@bk.ru
SPIN-code: 6294-3975
candidate for the degree of Candidate of Economic Sciences, teacher of the Department of Economic Security, Main Educational and Scientific Center of the Cooperative Education System
Russian Federation, MytishchiReferences
- Astashenko A.N., Bychkov A.V., Davydyants D.E., Zubov A.O., Zubova L.V. An innovative method for justifying the choice of a designer based on risk tolerance assessment in architectural and construction design//Bulletin of the Russian New University. Series: Man and Society. 2023. No. 1. pp. 66–76.
- Zubov A.O., Zubova L.V., Managerial decision-making in conditions of uncertainty in the implementation of the State budget and competition through dynamic modeling between key structural indicators of economic entities / L.V. Zubova, A.O. Zubov // Izvestiya SPbGEU.—St. Petersburg: SPbGEU, 2019. —№ 1 (115). —Pp. 97–100.
- Zhemchugova O. V., Levshin L. M. Risk-oriented approach in the quality management system Risk-oriented approach in the quality management system : textbook. manual / O. V. Zhemchugova, L. M. Levshin ; SibGU named after M. F. Reshetnev.—Krasnoyarsk, 2022. –p.22 Electronic access: https://biblioteka.sibsau.ru/pdf/izdv/izdv_sibgtu/Zhemchugova_Risk-orientirovannyiy_2023.pdf
- Zubova L.V., Petushkov A.M. Algorithm of managerial decision–making in the development of the VVST within the framework of the State Budget / Scientific Journal of the Higher Attestation Commission // Problems of economics and legal practice, Moscow 2021. —No. 3, p. 125.
- Zubova L.V., Korovin E.V., Nikitin Yu.A. Methodology for categorizing potentially dangerous risks of the sys-tem of technological support for the development and production of VVST /VAK Scientific Journal //Bulletin of the SPbU GPS of the Ministry of Emergency Situations of Russia —2021. —No. 1 pp. 147–157.
- Tselykovskikh A.A., Nikitin Yu.A., Astashenko A.N., Zubova L.V., Methodological approach to assessing and monitoring the risk tolerance of the investment and construction project management system //Bulletin of the Russian New University. Series: Man and Society. 2023. No. 1. pp. 43–54.
- Tselykovskikh A.A., Nikitin Yu.A., Zubov A.O. Methodology for forecasting the cost of the process of developing a sample of weapons, military and special equipment based on a design approach taking into account the uncertainty of cost data//Bulletin of the Catherine Institute . 2022. No. 3 (59). pp. 59–65.
- Electronic resource/access mode: https://roskazna.gov.ru/upload/iblock/b78/Statya-nachalnika-otdela-raskhodov-UFK-po-Amurskoy-oblasti-S.G.-Ladoni_Optimizatsiya-protsessa-sanktsionirovaniya-raskhodov_.pdf.
- Electronic resource/ access mode https://www.consultant.ru/document/cons_doc_LAW_369693/31010356570217d61a899c796ed6ef9c569abf51/.
- Electronic resource / access mode https://rep.polessu.by/bitstream/123456789/20532/1/Bukhtik_M.I_Analiz_zarubezhnogo_i_otechestvennogo_opyta_razvitiia_risk-menedzhmenta.pdf.
- Say, J.B. A treatise on political economy / Economic sophisms; Economic harmonies / Frederic Bastia; [comp., intro. art. and commentary by M.K. Bunkina and A.M. Semenova]. —M.: Case : Academic. nar. household un-der the Government of the Russian Federation. Federation, 2000., pp. 12–19
- Knight, F.H. Risk, uncertainty and profit.—M.: Delo, 2003., pp. 179–184.
- Eugenzicht, V. The problem of risk in civil law.—M.: Ekonomika, 1998., pp. 182–184.
- Stigler, J. Essays on the History of economic theory (EssaysintheHistoryofEconomics). 1965. pp. 246–249.
- Strots, R. Inconsistency in dynamic utility maximization / / Review of Economic Studies. Vol. 23, No. 3. P. 165–180 (Strotz R. Myopia and Inconsistency in Dynamic Utility Maximization // The Review of Economic Studies.), 1955–1956. Vol. 23, No 3. P. 165–180.
- Savage, L., Friedman, M., Utility analysis when choosing among alternatives involving risk, 1958, pp. 11–19.
- Electronic resource/ access mode https://cyberleninka.ru/article/n/stoimost-uroven-riskov-i-riskoustoychivost-predprinimatelskih-struktur-ponyatiya-pokazateli-otsenka.
Supplementary files
