Development of an analytical model for assessing the risks of financial and economic activities of State (municipal) institutions based on the pairwise comparison method
Subject. The article considers developing an analytical model to assess the risks of financial and economic activities of State (municipal) institutions. Objectives. The aim is to devise a comprehensive analytical model for assessing the risks of financial and economic activities of State (municipal) institutions, taking into account their specific activities, and assess these risks. Methods. The study employs general and specific scientific methods of cognition (analysis and synthesis, induction and deduction, grouping, comparison, expert assessment, mathematical methods, like the method of analyzing hierarchies, etc.). Results. I designed an analytical (mathematical) model of integral indicator for risk assessment in State (municipal) institutions’ financial and economic activities, offered a scale used to assess such risks. The proposed mathematical model was tested in several State institutions, with the presentation of results. Conclusions. The development of software using intelligent technologies based on the analytical model of integral indicator will enable to more quickly and effectively assess the risks of financial and economic activities of a State (municipal) institution, and track the dynamics of risk changes.
Keywords: risk, financial and economic activity, State (municipal) institution, departmental control, pairwise comparison method
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