Abstract

The article is devoted to the theoretical substantiation and development of methodological approaches and practical recommendations for modeling the assessment of the financial stability of a service sector enterprise. To assess the financial condition of the hotel industry, a visual interpretation of the neural network, a model of self-organizing Kohonen map, was used. It is proven that by the method of Kohonen maps for each service provided by the hotel industry, in a certain period of activity, it is possible to establish certain objective limitations of structural characteristics that will prevent the transition to problem clusters or ensure the transition to better ones. The authors propose an economic and mathematical model of the process of assessing financial stability by calculating the integral indicator of financial stability of the service sector. The types of control maps for each of the coefficients that have a significant impact on the assessment of the financial stability of the enterprise in the service sector were identified. Control maps were constructed for each coefficient, which are part of the integrated indicator of financial stability, and their analysis was carried out for the presence of special reasons for the variability of the process of financial stability assessment. The concept of modeling a system for assessing the financial stability of service enterprises is developed in the article, which is based on the collection of financial data, a comprehensive analysis of factors influencing the financial condition, a study of the controllability of the process of assessing financial stability, building a model of an integral indicator of financial stability, and its program implementation.

Highlights

  • Every year, the share of services production is increasing in the structure of the economy of developed countries of the world

  • To analyze a significant number of factors influencing the financial stability of enterprises in the service sector, which leads to a variety of classifications of these factors, the research of factors influencing the assessment of financial stability has been deeply studied, and the classification of factors has been improved by introducing external factors of seasonality and regional location of the enterprise in the service sector

  • It was proved that using the Kohonen map method for each service provided by a hotel enterprise, in a certain period of activity, it is possible to establish certain objective limitations of structural characteristics that will prevent the transition to problem clusters or ensure the transition to better ones

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Summary

Introduction

The share of services production is increasing in the structure of the economy of developed countries of the world. Studying the problem of the financial stability assessment of the respective service enterprises is an important aspect of the industry’s development. The market conditions of the economy and the problems of financial support for the activity of the service sector enterprises (SSE) necessitate the change of the financial and economic policy and the qualified assessment of the financial state with a view to the functioning of SSEs in crisis situations and their further economic growth. The service sector (SS) has become a significant source of innovation and economic growth. That SS is the largest sector of the economy, there is a need, on one hand, to explain the mechanism of the transition to a post-industrial economy and, on the other hand, to study the factors that cause structural changes

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