Finance and Credit
 

Determination of reserves and factors of efficiency growth of production equipment use

Vol. 24, Iss. 5, MAY 2018

Received: 26 March 2018

Received in revised form: 9 April 2018

Accepted: 23 April 2018

Available online: 29 May 2018

Subject Heading: THEORY OF FINANCE

JEL Classification: D24, D92, O12, O47

Pages: 1197-1210

https://doi.org/10.24891/fc.24.5.1197

Gryazev M.V. Tula State University, Tula, Russian Federation
rector@tsu.tula.ru

ORCID id: not available

Papyan G.R. Tula State University, Tula, Russian Federation
pa-ga-ra@yandex.ru

ORCID id: not available

Importance The article defines the factors of efficiency growth of the industrial equipment use. It also considers the influence of technical innovations and enterprises functioning features on the performance level of work means. In Russia, the problem of efficiency increase of the industrial equipment use is urgent. It happens because managing subjects competitiveness depends on the achieved performance level of facilities.
Objectives The paper aims to determine the basic reserves and factors of efficiency growth of industrial equipment use.
Methods The research involves the theory of systems and economic growth as well as general analysis and synthesis scientific methods.
Results The article establishes that the external growth reserves get formed as the result of technical innovations occurrence. The work states that internal growth reserves depend on the condition and level of loading of the enterprise equipment.
Conclusions and Relevance The paper shows the interrelation between reserves and factors of the industrial equipment usage. The reserves distribution reveals the construction of a control system by productivity of the enterprise means of work. Steady efficiency growth of the tool use increases the production volume and the competitiveness level.

Keywords: equipment use efficiency, growth factors, growth reserves

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