FINANCIAL SUPPORT OF TECHNICAL AND TECHNOLOGICAL SOLUTIONS OF THE ENTERPRISE OPERATIONS MANAGEMENT

Abstract

The results of financial and economic activity of the enterprises largely depend on the level of technical and technological development of their industries. Therefore, an exceptional weight is given to the solutions in the system of enterprise operations management with respect to the choice of options available for financing the implementation of new technologies and techniques (or update of existing ones), especially under conditions of a global economic crisis. Taking into account the importance of the above-mentioned economic problem we have applied analytical methods to calculate the efficiency of the use of enterprises options for financing measures of technical and technological update of their production lines by means of investments from net profit, bank loans and financial leasing. A performed analysis shows that nowadays the Ukrainian financial market offers businesses the credit resources with quite different interest rates and terms and conditions of financial leasing, which depend on the terms of financing, the purpose of new equipment, financial condition of enterprises, etc. Financial potentialities of enterprises should be considered as a priority when choosing options for financing of technical and technological solutions. The example of book printing on Sigloch Kolbus BF-511 production line has been used to justify the choice of two other above-mentioned options of financing the acquisition of equipment. For this purpose, the expenses for annual production has been calculated including commission payments and bank interest payments in one case, and cost for leasing in the other case. When attracting external funding sources the company incurs additional expenses, therefore to ensure at least a minimum profit (annual economic effect) it will be forced to increase the price of a unit on equal market conditions. Meanwhile it is important to monitor the possible growth of market prices on a book market. The efficiency of a particular variant of the funding should be confirmed by a real time calculation of economic efficiency indicators (product payback period, capital productivity rate, etc.) as changes in market of funding conditions are quite dynamic. The overall result of our research is a statement about the need for constant monitoring of financial market by the enterprises in order to select the most effective options for funding of its technical and technological solutions, taking into account their economic, organizational and managerial advantages. Future trends in the development of this area of research is the design of new approaches to evaluate the variants of financial support for technical and technological solutions of the enterprises operational management by means of economic and mathematical methods and design of high quality software.