Finance and Credit
 

Organization of efficient management of machine capacity factor growth at industrial enterprises

Vol. 24, Iss. 6, JUNE 2018

Received: 26 March 2018

Received in revised form: 16 April 2018

Accepted: 30 April 2018

Available online: 30 June 2018

Subject Heading: BUSINESS VALUE

JEL Classification: D24, D92, O12, O47

Pages: 1492—1506

https://doi.org/10.24891/fc.24.6.1492

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

ORCID id: not available

Importance The article describes how to arrange efficient management of growth factors of machine capacity utilization.
Objectives The aim is to define major growth factors of machine capacity, establish their impact on increasing the efficiency of plant and machinery utilization and build an economic-mathematical model of efficient control of machine capacity growth factors.
Methods The study employs fundamental principles of the systems theory and the theory of economic growth, and general scientific methods of analysis and synthesis to present each factor of equipment productivity growth as a complex parameter and to define the influence of various factors on the increase in machine capacity utilization.
Results To efficiently manage the growth factors of industrial machine capacity, I offer to group them by various criteria. The major ones include the power of factor's influence on gain in productivity of equipment, the price and duration of growth factor formation. It enabled to present each factor of machine capacity growth as a complex parameter possessing a certain set of basic characteristics that distinguish one growth factor from another, and to formulate problems related to organization of efficient management of the growth factors.
Conclusions Efficient management of growth factors of industrial equipment productivity means achieving the highest or required gain in productivity of equipment at the lowest possible cost and minimum timing budget. This approach helped formalize a problem of a choice of economically feasible growth factors of equipment productivity.

Keywords: machine capacity growth factor, management efficiency

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