Efficiency management of technological renewal of production enterprises in the Arctic under conditions of economy digitalization

• Published in: IOP Conference Series: Earth and Environmental Science
• Main Author: Zharov, V
• Format: Article in Journal/Newspaper
• Language: unknown
• Published: IOP Publishing 2020
• Subjects: Arctic
• Online Access: http://dx.doi.org/10.1088/1755-1315/539/1/012058; https://iopscience.iop.org/article/10.1088/1755-1315/539/1/012058/pdf; https://iopscience.iop.org/article/10.1088/1755-1315/539/1/012058

Abstract Three main problems have been formulated and their solution will make it possible to ensure the maximum efficiency in the use of production resources - material, labor and fixed capital due to the digitalization of managing technological renewal of production enterprises in the Arctic. It is shown that these problems can be solved by using a new direction of economic analysis of production systems—the investment- and- innovation analysis. It is proposed to use the coefficient of technological effectiveness level, defined by the ratio of capital intensity of production to its material intensity of product or by the ratio of material productivity to capital productivity, as well as the level of material productivity as targets of technological renewal. It is established that the simultaneous increase in the values of the coefficient of technological effectiveness level, material and capital productivity is possible only at one of six possible stages of the life cycle of technological development of enterprises. An algorithm of enterprises’ actions in making management decisions on technological renewal of production has been developed. It is proposed to supplement the methodology for assessing the effectiveness of investment projects in their implementation at existing enterprises by calculating the damage from the reduction of material productivity, capital productivity and labor productivity in case of delay in the technological renewal of production.