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Model of selecting an optimal management decision for restoration of fixed assets of oil producing enterprises

Vol. 20, Iss. 12, DECEMBER 2024

PDF  Article PDF Version

Received: 4 April 2024

Received in revised form: 23 May 2024

Accepted: 19 June 2024

Available online: 16 December 2024

Subject Heading: PRODUCTIVE RELATIONS

JEL Classification: М7

Pages: 2406-2416

https://doi.org/10.24891/ni.20.12.2406

Elena V. VOLKODAVOVA Samara State University of Economics (SSEU), Samara, Russian Federation
vev.sseu@gmail.com

https://orcid.org/0000-0002-3335-2016

Olesya V. TOMAZOVA Samara State Technical University (SSTU), Samara, Russian Federation
ovtom@mail.ru

https://orcid.org/0000-0001-5775-9833

Subject. The article explores the problem of oil refineries modernization.
Objectives. The study aims at analyzing the options for organization of works on restoration of fixed assets of oil producing enterprises and devising an algorithm for cost optimization.
Methods. The study employs methods of complex and comparative analysis.
Results. We developed an economic and mathematical model enabling to choose the optimal management decision for the restoration of fixed assets of oil producing enterprises, taking into account geographical and technological factors.
Conclusions. The findings may be taken into account when devising development programs for strategically important enterprises in conditions of economic uncertainty.

Keywords: oil production enterprise, restoration of fixed assets, depreciation period, economic and mathematical model, subsidiary

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