Fundamental imperatives of eliminating uncertainty on the basis of monitoring the activity of the iron ore enterprise

Abstract

Purpose. Determination of the optimal ratio of determinism and stochasticity on the basis of monitoring the activity of an iron ore enterprise in order to eliminate uncertainty when making management decisions. Methodology. In the research process, the methodological principles of system analysis were applied, namely entropy-information relations characterizing the structure and state of subsystems. Methodical approaches of the theory of information regarding the determination of the measure of information for the elimination of uncertainty. Methodology for monitoring the activities of enterprises in accordance with the accumulation and storage of information to ensure effective management. Findings. It has been proven that in the process of monitoring the functioning of an iron ore enterprise, the amount of information increases. Thus, the presence of stochastic relationships becomes an objective necessity. However, at the same time deterministic connections do not become less essential. The amount of information is increasing, which is the basis for the appearance of redundant information. It is substantiated that stochastic connections are a source of new, unpredictable information that is received through channels from the external environment. Originality. For the first time, the ratio of deterministic and stochastic information links in the functioning of the enterprise has been investigated and numerically determined on the basis of monitoring, which forms the basis for eliminating uncertainty when making management decisions. Practical value. The analysis of the monitoring process of iron ore enterprises shows that, having achieved determination at a given level of management, the corresponding system continues development at a more complex level. For iron ore enterprises, there is a transition from paper media to digital systems. As a result of innovation, a high degree of determination can be achieved. Nevertheless, the statement that the limit of any development is narrow specialization, which is due to the complete determination of the system, is correct with one significant caveat: the considered development process is carried out at an unchanged structural level.