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Economic Analysis: Theory and Practice

Applying graph-matrix models in the strategic analysis of production capacity of iron and steel enterprises

Vol. 20, Iss. 8, AUGUST 2021

Received: 17 June 2021

Received in revised form: 30 June 2021

Accepted: 12 July 2021

Available online: 30 August 2021


JEL Classification: C61, D24, G31, L25, M11

Pages: 1495–1515


Evgeniya S. ZAMBRZHITSKAYA Nosov Magnitogorsk State Technical University (NMSTU), Magnitogorsk, Russian Federation

ORCID id: not available

Subject. The article addresses the development of a methodology for seeking reserves to increase production capacity through the enhanced balance of production system and bringing the latter to practical use at iron and steel enterprises.
Objectives. The purpose is to design a methodology to search for reserves to enhance production capacity of industrial enterprises at the strategic level, using the graph-matrix models of integrated steel works.
Methods. The study draws on methods of analysis and synthesis, principles of consistency and complexity, the graph theory, and matrix calculus.
Results. The paper offers a method for assessing and analyzing reserves to increase production capacity through enhancing the balance of the production system.
Conclusions. If used, the presented approach will help improve the quality of strategic management of production facilities in the iron and steel industry, and, as a result, the profitability and competitiveness of ironworks.

Keywords: production capacity, iron and steel industry, strategic management, production unit, connectivity


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