Indicators Of Economic Efficiency Research Articles

Logical and Situational Analysis of the Possibilities of Innovative Development of the Agroindustrial Sector

The author has identified a low level of innovative development of the agroindustrial complex and the reasons for the delay in its growth in comparison with other industries and types of economic activity in Russia. The consequence is a noticeable trend of changes in the positive dynamics of economic efficiency indicators of agricultural production in the recent past. This trend indicates weakening Russia’s food security. The article considers one of the possible options for import substitution of innovative means of production used in the agroindustrial sector in the conditions of external economic isolation of the country. It implies the participation of the state in supporting the development and assimilation of knowledge embodied in the real economy as well as in the financing of national innovative solutions. The option under consideration has the following features: selection on a competitive basis and priority financing of means of production with a high technological potential, which are most in demand among agroindustrial enterprises; reimbursement of payment for information on the state of the markets for technology, means of production, resources, food, raw materials provided by IT specialists, as well as for making calculations to optimize the structure and volumes of production, product exports and technological training to enterprises. This kind of financial support is provided in addition to the current practice of state compensation for losses to low-profit agricultural businesses. An experimental scheme for making decisions on priority financing of innovations is examined. The creators of these innovations are economic entities with the highest indicators of production activities and a high probability of fulfilling an order for the output of innovative products. The list of indicators includes many quantitative and qualitative characteristics. This means that the problem is classified as one that can be solved by using algorithms of multiple criteria modeling.

Sustainable Entrepreneurship: Interval Analysis in Risk Management and Uncertain Economies

Sustainable management in high-tech enterprises is a key aspect of successfully operating modern companies, especially under conditions of risk and uncertainty. This study reviews the field of sustainable management and interval analysis and identifies the main trends and challenges facing high-tech enterprises in the modern world. This study emphasizes the importance of applying interval analysis in making strategic decisions and developing sustainable business models that can adapt to variable environments. This paper presents empirical data, illustrating the practical application of interval analysis tools in the management in high-tech enterprises. It analyzes the effectiveness and potential of this approach to increase the levels of sustainability and competitiveness of organizations in constantly changing business environments. In general, this article is a valuable contribution to the development of sustainable management theory and practice for high-tech enterprises, enriching the existing knowledge in this area and offering new perspectives for research and practical application. Our research has been validated and is presented in the results section. The purpose of this study is to present current developments in methodologies and tools for risk measurement within the probabilistic paradigm of uncertainty, which are supposed to be used in relation to the economic evaluation of real investment projects. The methodological directions or approaches to risk measurement formed in this context are (1) based on quantile measures, within which the quantitative aspect of risk is modeled using quantile quantiles of the distribution of a random variable describing the possible (predicted) results of economic activity; (2) the Monte Carlo method, which is a tool for evaluating the indicators of economic efficiency and risk in justifying real investments, taking into account different distribution laws and mutual relations for the financial and economic parameters of the investment project, as well as its computational and instrumental elaboration.

Exploring the Complexity of Energy Poverty in the EU: Measure it, Map it, Take Actions

AbstractEnergy poverty presents a pressing challenge in the European Union (EU), worsened by recent geopolitical events and economic vulnerabilities, particularly highlighted by the COVID-19 crisis. This article explores the complexity of energy poverty within the EU context, emphasizing the necessity to define, measure, and monitor it comprehensively. It reviews the evolution of energy poverty definitions and causes, underlining the multifaceted nature of the issue influenced by factors such as low-income, high-energy prices, and building inefficiencies. Various measurement indexes are examined, and categorized into consensus, expenditure-income comparison, and direct/indirect measurement indicators, offering insights into their advantages and limitations. Furthermore, the work discusses mapping methodologies to pinpoint instances of energy poverty spatially. It also examines best regulatory practices employed by nations, including economic accessibility enhancements and structural interventions like investments in energy efficiency and renewable sources. Finally, the authors propose a novel approach to map energy poverty at municipal granularity in Italy, integrating economic vulnerability and building energy efficiency indices.

SELECTION OF A MRP SYSTEM FOR OIL AND GAS DEPOSITS

A number of serious problems arise in the development of sub-gas zones of oil and gas deposits due to the joint occurrence of oil and gas. The key problem is gas breakthrough from the gas cap to oil wells. This entails an increase in the gas factor (GOR), a rapid and intense decrease in pressure in the gas cap. If there is a reservoir pressure maintenance system or an active aquifer as a result of a decrease in reservoir pressure in the gas cap, oil may be pushed back into it, which leads to a rise in gas-oil contact, jamming of mobile oil in the «dry sandstones» of the gas cap, which in turn leads to a decrease in reserves of mobile oil and a decrease in the oil recovery factor (ORF). All this together allows us to consider oil in the sub-gas zones as hard-to-recover reserves.Preventing and combating the negative consequences of gas breakthrough from the gas cap to oil wells is a complex task and consists of several areas, such as selection of rational drilling of production and injection wells, selection of optimal operating modes for them, use of inflow control devices or performance of repair and isolation work to limit inflow from intervals with gas breakthrough, periodic shutdown of wells to disband gas cones. The ultimate goal of solving these problems is to increase the oil recovery factor and economic efficiency indicators for the development of sub-gas zones.Due to the variety of ways to optimize the development of oil and gas reservoirs, it is not possible to cover them all in one work, therefore, the tasks associated with optimizing the reservoir pressure maintenance system are considered. It is worth noting that in comparison with the development of oil reservoirs, the presence of a gas cap significantly complicates this task due to the lack of analytical solutions for three-phase filtration. For this reason, the selection of the optimal parameters of the reservoir pressure maintenance system is usually carried out either by multivariate calculations in the hydrodynamic model (HDM), or by the method of analogies or the implementation of pilot tests of various approaches.In this study, an approach based on multivariate numerical calculations using the sector model of the development element of the gas zone was used. As a result of calculations, it was shown that when choosing the optimal parameters of the reservoir pressure maintenance system, it is advisable to use a differentiated approach, which consists in the fact that these parameters must be set individually for zones with different ratios of oil-saturated and gas-saturated thicknesses.

Lemongrass extract enhances productive performance, blood biomarkers, immunity, and gut health of broilers

BackgroundLemongrass (LG) had various phytochemical components such as saponins, phenols, resins, alkaloids, tannins, flavonoids, glycosides and terpenes, minerals as well as vitamin C which had various pharmacological actions (antioxidant, anti-inflammatory, antibacterial, antibiotic, and antifungal) and growth promoter. The use of LG in broiler nutrition can be optimized the bird performance and gut health. Based on the high nutrition value of LG and absence of sufficient studies on the effect of lemongrass aqueous extract (LGX) on broiler performance and gut health (antioxidant and immune biomarkers and intestinal morphology), the aim of the present study is to investigate the impact of using LGX on productive performance, blood biomarkers, immunity and gut health of broilers. MethodsA total of two hundreds one-day- old male broiler chicks (Cobb 500) were fed on the starter basal diet for 6 days. From day 7 of age onwards, the birds were distributed, at random, into 4 groups. Each group included 5 replicates with 10 chicks per replicate. The birds in group 1 were not administered lemongrass extract (control, LGX0) while chicks in group 2 (LGX100), 3 (LGX200) and 4 (LGX300) were administered the aqueous extract of lemongrass in drinking water at levels of 100, 200 and 300 ml/l, respectively. The experimental period lasted for 35 day. Growth performance parameters, economic efficiency, hematological and biochemical biomarkers, expression of some antioxidant and immune related genes, cecal bacterial counts and intestinal morphological changes all were assessed. ResultsThe results indicated that, administration of LGX in drinking water at levels of 200, 100 ml/l, respectively significantly improved (p ≤ 0.001) body weight (BW), body weight gain (BWG) and feed conversion ratio (FCR) than the control but without any effect on economic efficiency index (EEI) and feed intake (FI). On the other hand, the addition of LGX in drinking water at levels of 300 ml/l significantly decreased (p ≤ 0.001) FI, EEI and all growth performance parameters as compared to those other groups. LGX supplemented birds groups exhibited higher Hb, PCV, MCH, platelets, and lymphocytes than the control group. However, the ratio of H/L in LGX100 and LGX200 groups was lower (p ≤ 0.001) than other groups. LGX supplemented groups showed low (p ≤ 0.001) cholesterol, creatinine, MDA and high (p ≤ 0.01) TAC. Up regulation (p ≤ 0.001) of the expressions of catalase, GPX1, and SOD1 were in LGX200 group compared to other groups. While, the proinflammatory genes expression (IL1B, IL6, IFNᵧ, and TNF) were down regulated (p ≤ 0.001) in the LGX200 compared to others. Moreover, LGX200 and LGX300 reduced (p ≤ 0.001) the intestinal pathogens counts (E.coli and Salmonella). Administration of LGX at levels of 200 and 100 ml/l, respectively enhanced (p ≤ 0.001) villi height and crypts depth. ConclusionsIt was concluded that lemongrass aqueous extract can be included at level 100 and 200 ml/l in broilersˈ drinking water since it resulted in improved weight, feed conversion ratio, blood parameters, immunity and gut health without any deleterious effect on the health and performance of the birds. LGX at a 200 ml/l supplementation level achieved the best results followed by a 100 ml/l level. Also, the tested supplements can be used as natural growth promoter instead of antibiotic and help in solving the global problem of antimicrobial resistant bacterial strains responsible for human and animal diseases.

Indicators of Productive and Economic Efficiency and Estimation of The Net Return of Producing The Navel Orange Crop

Indicators of Productive and Economic Efficiency and Estimation of The Net Return of Producing The Navel Orange Crop

Indicators of Economic Efficiency of Onion and Potato Crops in Light of The Corona Pandemic

Indicators of Economic Efficiency of Onion and Potato Crops in Light of The Corona Pandemic

SMALL BUSINESS IN THE ECONOMIC DYNAMICS OF UKRAINE DURING 2012 – 2022

The article analyzes the dynamics of formation and use of small business potential in promotion of socio-economic development of Ukraine. The novelty of the author's approach lies, first, in the focus on the characteristics of the functioning of small and micro-businesses, which allows to reflect the presence of specific trends that qualitatively distinguish the processes of adaptation and development of small business and require differentiation of approaches and theoretical foundations of their regulatory policy. Secondly, by taking into account the ratio of socio-economic efficiency achieved by small and large business, which is interpreted by the authors as a crucial sign of the potential for accelerating economic development that can be ensured by rationalizing the forms of interaction between large, medium and small business. Using the methods of comparative analysis of the dynamics of the contribution of micro, small, medium and large enterprises to the creation of added value and assessing the changes in the ratio of labor productivity at enterprises of different scales of economic activity, the authors substantiate the conclusion about the leading role of small enterprises in ensuring the expansion of factor income creation: it is small enterprises that have increased the scale of value creation, in fact, have become the only center of growth against the background of ten years of stagnation in the groups of large and medium enterprises. The authors also substantiate the dominance of the trend of convergence of the basic indicator of economic efficiency of enterprises of different sizes and interpret this trend as a critically important feature of the small business functioning in Ukraine: in an extremely unstable macroeconomic environment, small businesses are able not only to maintain and even expand their resource potential, but also to approach medium and large enterprises in terms of economic efficiency, in the first place, with the higher competitiveness inherent in this segment of the domestic economy and, accordingly, with more incentives to increase efficiency as a leading factor in the realization of the tasks of business owners

Effect of water Resource utilization in Poyang lake area on carbon emissions based on decoupling theory

The utilization of regional water resources has the potential to impact carbon emissions. Maintaining a decoupled relationship between water resources and carbon emissions facilitates harmonious regional development. Understanding the mechanism of their coordination is conducive to achieving the "Double Carbon" goal and control of regional carbon emissions and water resource consumption. This study examines the decoupling relationship between water resource utilization and carbon emissions in Poyang Lake area, China, employing the Tapio decoupling model and the LMDI(logarithmic mean divisia index) decomposition model. The results indicate that carbon emissions in Poyang Lake area exhibited a gradual increase, accompanied by an annual growth rate of 5.99 %. The water supply exhibited a slow expansion. They have exhibited state of affairs strong negative decoupling and expansive negative decoupling over the past 15 years. Moreover, this situation is most acute and worsening in the secondary industry. The water use structure effect and water economic benefit effect are the primary factors affecting carbon emission increases, contributing 57.93 % and 65.66 %, respectively. Carbon emissions intensity is the largest inhibiting factor, which accounts for a maximum contribution of 42.96 %. The order of potency of the driving factors is as follows: water economic benefit > carbon emission intensity > water use structure > water use efficiency. In summary, this research recognised the enhancement of the water economic efficiency index not only facilitates the decoupling phenomenon but also improves the water-carbon relationship, especially in the secondary industry. It serves as a compelling illustration of the significance of elucidating the interrelationship between regional water and carbon dynamics, and charting the course for the formulation of regional policies that would facilitate the advancement of environmentally conscious and carbon-neutral development, as well as water conservation.

Investigations of Silica/MOF composite coating and its dehumidification performance on a desiccant-coated heat exchanger

Desiccant materials have an important impact on the dehumidification performance of desiccant-coated heat exchanger (DCHE). In this paper, a desiccant-coated heat exchanger based on a composite desiccant material of metal organic frameworks (MOFs) and silica gel was proposed. The coating was experimentally prepared and tested for its hygroscopic performance under different binder types (PVP, PVA, and PVB), different binder mass concentrations, and different MOF mass concentrations in the composite adsorbent. Further simulations were performed to investigate the effects of key structural and operational parameters on the performance of DCHE. Experimentally, the optimal hygroscopic performance of the composite adsorbent was obtained at 15 wt% PVP and 20 wt% MOF, which was 51.71 % higher than that of silica coating, and the cost of the composite adsorbent drops 78.04 % by comparing to the pure MOF for laboratory fabrication, and based on the novel economic efficiency index proposed in this paper, the mass concentration of the MOF should not exceed 32.8 wt%. Simulation results showed that under the conditions as follows: 1.2 mm (fin spacing), 25 mm (fin height), 0.28 mm (coating thickness), 25 °C (cooling water temperature), and 0 % (initial moisture content), the corresponding moisture removal capacity (MRC) and of DCHE was 6.740 g/kg, which was 149.63 % higher than that of silica coating.

Fore­casting profitability levels for different soybean (Glycine max L.) cultivation technology options

Objective of the research is to develop adequate models for forecasting the profitability of soybean seed cultivation under various technology options; to identify significant factors affecting financial performance to support effective management decisions. Methods. The use of regression analysis tools enabled the construction of stepwise models of profitability dependence on economic indicators with high coefficients of determination. Results. The dependence of economic efficiency indicators on soybean seed yield under various cultivation technology options has been determined. The research results indicate that the most effective cultivation technology was the one that combined the use of fertilizers at a dose of N15P45K60+N30 kg/ha of active ingredient, presowing seed treatment (mycorrhizal inoculant + fungicide), and foliar feeding with organo-mineral fertilizer during the budding phase, which led to the highest seed yield in the experiment, at 3.74 t/ha. Based on the conducted correlation-regression analysis and the developed mathematical models, the connection between profitability levels and the total cost of the harvest and the cost of soybean seeds was proven, both for seed treatment alone and for seed treatment combined with foliar feeding during the critical growth phases. Conclusions. The correlationregression analysis results showed that the total cost of the harvest and the cost of soybean seeds have the most significant impact on profitability. This is confirmed by the coefficients of determination, indicating that 98.2–99.8% of the total variability in profitability is due to the combined effect of the studied variables. Based on this, models were developed to describe the dependence of profitability levels on the total cost of the harvest and the cost of soybean seeds, both for seed treatment alone (mycorrhizal inoculant + fungicide) and with additional foliar feeding during critical growth and development phases.

The Trend in Environmental Load in the European Union during the Period of 2012–2022

The environmental burden is a global problem affecting the European Union. A comprehensive analysis of the environmental burden is essential for creating strategies supporting sustainable economic development. This study attempts to answer the question of why, despite the continuously decreasing energy consumption of the EU, the environmental burden of this region is not substantially decreasing. This study provides novel insights into this research area by integrating EU economic dynamics and environmental efficiency indicators. In this study, we used the IPAT method. Before the main analysis, the researcher conducted cross-sectional dependence, slope heterogeneity, and Westerlund cointegration tests using the primary data. Based on the results, the EU member states were classified into clusters, and a linear trend model analysis was carried out. The results show that the total environmental load of the EU did not decrease significantly between 2012 and 2022. The fact that the environmental burden remained at the same level is explained by the fact that there were 16 member countries whose total environmental load increased but whose economic output was lower during this time period. This was offset by 11 member countries with high economic outputs, whose total environmental load decreased. This study proved that GDP growth was the main driving force maintaining the total environmental load at the same level. The EU should encourage member states to continue to implement environmental protection rules to limit and eliminate costly environmental burdens on their societies and economies. This study can be helpful to researchers, political decision-makers, and experts working on environmental public policies for the EU.

ВАРЕНО-КОПЧЕНАЯ КОЛБАСА ИЗ МЯСА ДИКИХ ЖИВОТНЫХ

The purpose of research is to develop a recipe, technology and evaluate the quality of boiled-smoked sausages made from the meat of wild animals (elk, wild boar). Objectives: to develop a recipe for boiled-smoked sausage from wild animal meat; to evaluate the quality characteristics of the developed sausage products; to calculate the economic efficiency of the production of boiled-smoked sausage. The object of research is three samples of boiled smoked sausage: control – compliance with the standard recipe; sample № 1 – with the addition of 60 % of the main raw material of boar meat; sample № 2 – with the addition of 60 % of the main raw material of elk meat. Research was carried out on the basis of Zavolzhsky Meat Processing Plant LLC, Tver Region and the Department of Agrobiotechnologies, Processing and Seed Production of the Tver State Agricultural Academy. As a result of comprehensive research, the feasibility of producing boiled-smoked sausages from elk and wild boar meat was determined, which is necessary to expand the range of gourmet sausage products. All developed and manufactured samples of sausage products fully complied with the requirements of GOST R 55455-2013 “Cooked-smoked sausages. Technical conditions". The best combination of organoleptic and physicochemical characteristics was found in a sausage sample made from elk meat. The protein content in it was 17.2 %. This same sample of sausage provided the highest indicators of economic efficiency, increasing profits relative to the control version, made according to the classic recipe, by 9.1 % with an increase in profitability by 1.3 %. At the next stages of research, it is planned to expand the number of types of meat and additional raw materials used in the design of sausage product recipes.

CLARIFICATION TO "COMPARATIVE ANALYSIS OF INDICATORS OF ECONOMIC EFFICIENCY OF CULTIVATION OF CHERRY SEEDLINGS WITH DRIP IRRIGATION" DOI: 10.12731/2658-6649-2024-16-1-722

Nikolskaya O.A., Semenchenko E.V., Solonkin A.V. Comparative Analysis of Indicators of Economic Efficiency of Cultivation of Cherry Seedlings with Drip Irrigation. Siberian Journal of Life Sciences and Agriculture, 2024, vol. 16, no. 1, pp. 102-118. DOI: 10.12731/2658-6649-2024-16-1-722 The authors clarify the source of funding: The research was carried out within the framework of the state assignment of research work of the Federal Research Center of Agroecology of the Russian Academy of Sciences № 122020100448-6 “Creation of new competitive forms, varieties and hybrids of cultivated, woody and shrub plants with high productivity, quality and increased resistance to adverse environmental factors, new innovative technologies in seed and nursery production taking into account varietal characteristics and soil and climatic conditions of arid territories of the Russian Federation” The original article can be found under DOI: https://doi.org/10.12731/2658-6649-2024-16-1-722

Economic efficiency of small-scale wheat production in Jigawa state, Nigeria

Africa’s most populous country has failed to grow more food for its fast-rising population. With 420,000 metric tons of wheat produced in Nigeria in 2020, the country is still far from bridging its 4.6 million metric tons annual wheat gap. Increasing wheat production is a challenge for the nation to fulfill the food requirements of its growing population. So far literature has shown a rise in research on wheat in different parts of Nigeria, with a paucity of information on the economic efficiency of wheat production in the study area, and the country in general. To bridge these knowledge and empirical gaps, this research investigates the economic efficiency of wheat production in Jigawa State of Nigeria using information gathered from a survey elicited by a well-structured questionnaire coupled with an interview schedule from 341 active wheat farmers selected through a multi-stage sampling technique. Both descriptive and inferential statistics were used to analyze the data collected. Empirically, despite the wheat enterprise being profitable in the study area, farmers didn’t achieve the targeted goals of output maximization, cost minimization, and profit maximization as evident respectively by the technical, cost, and economic efficiency indexes. However, these goals were challenged by induced human risks viz. gender discrimination that affects women’s access to productive resources, poor labor productivity due to diminishing marginal returns associated with old age, capital consumption triggered by increased income, poor prioritization of wheat enterprise as a business, and vulnerable household size. Furthermore, the identified constraints mediating the links that affected the economic efficiency of wheat farmers were price/marketing, technological, managerial, and infrastructural risks. Therefore, for long-run sustainable wheat production, the responsibility lies on policymakers to concentrate more on marketing and technological risks challenging wheat production in the study area as empirically established by this research.

Economic efficiency and finance in the development of the forest economy within the framework of legal restrictions

The present study aims to analyse the factors that determine the economic efficiency and optimal models of forestry financing in the context of the current legal framework. The article discusses the critical importance of forestry for global environmental sustainability and economic development. It is determined that economic efficiency in this area is to achieve the maximum economic result while minimizing costs and making optimal use of resources. The main indicators of economic efficiency are the productivity of forest resources, which depends on the ability to maintain and restore forest plantations, as well as on cost optimization, including operating costs and investments in modern technologies. Economic efficiency is also determined by financial results, including revenues from the sale of forest products and profitability of enterprises. An important aspect was the consideration of environmental and social aspects, such as the impact of forestry on ecosystems and employment. The article emphasized the role of innovative technologies, such as geographic information systems and remote sensing, in improving the efficiency of forest management. The article analyses the impact of access to financial resources, level of technological development, management approaches, legislative framework, environmental sustainability and market conditions on the economic efficiency of forestry in Kosovo. As a result, recommendations were made to improve the economic efficiency of forestry, including increasing financial support, attracting international investment, improving the legal framework and developing international cooperation. Implementation of these measures will contribute to the conservation and efficient use of forest resources, ensuring economic stability and environmental safety of the country

Carbon efficiency evaluation method for urban energy system with multiple energy complementary

Urban energy systems (UESs) play a pivotal role in the consumption of clean energy and the promotion of energy cascade utilization. In the context of the construction and operation strategy of UESs with multiple complementary energy resources, a comprehensive assessment of the energy efficiency is of paramount importance. First, a multi-dimensional evaluation system with four primary indexes of energy utilization, environmental protection, system operation, and economic efficiency and 21 secondary indexes is constructed to comprehensively portray the UES. Considering that the evaluation system may contain a large number of indexes and that there is overlapping information among them, an energy efficiency evaluation method based on data processing, dimensionality reduction, integration of combined weights, and gray correlation analysis is proposed. This method can effectively reduce the number of calculations and improve the accuracy of energy efficiency assessments. Third, a demonstration project for a UES in China is presented. The energy efficiency of each scenario is assessed using six operational scenarios. The results show that Scenario 5, in which parks operate independently and investors build shared energy-storage equipment, has the best results and is best suited for green and low-carbon development. The results of the comparative assessment methods show that the proposed method provides a good energy efficiency assessment. This study provides a reference for the optimal planning, construction, and operation of UESs with multiple energy sources.

Assessment of Innovative Development of Regions in the Context of Structural Transformation of the Economy

Today, the development of economic systems is taking place in an era of transformations that lead to the formation of new economic models. Russia is no exception here. The main impetus for the transformation processes in our country’s economy was the anti-Russian sanctions directly related to political events from the United States, Canada, European and other countries. All this poses threats to Russia’s political, economic and social security. Therefore, in modern realities caused by sanctions pressure, the key strategic task of overcoming crisis phenomena and shocks is the formation of a new industrialization based on domestic innovations. It is important to assess the innovative potential of the regions in order to further develop management decisions. The authors proposed and tested a methodological approach to assessing the level of innovative development of the subjects of the Russian Federation. The algorithm of this approach includes sampling official statistical data, determining localization coefficients, averaging and evaluating their dynamics. It was determined that in the period 2011-2022, less than a third of Russian regions improved their economic efficiency and innovation localization indicators. The leading regions of innovative development have a high level of localization of the studied characteristics. Regions characterized by low localization coefficients are traditionally lagging behind and have low indicators of economic, including innovative development. The problems of innovative development of regions under the influence of transformational processes are very multidimensional, therefore, in the limited space of this article, only an assessment of innovative development based on the author’s methodological approach is given.

COMPARATIVE ANALYSIS OF KEY INDICATORS TO ASSESS PRODUCTION EFFICIENCY

The next problems exist when assessing the economic efficiency of production industries, as well as when choosing the most effective investment projects. So, to assess the economic efficiency of various production, a single standard indicator should be used; but in fact, a system of indicators is used. This system of indicators does not allow ranking production according to their level of efficiency. The existing methodology for measuring production efficiency, which is based on the cost approach, is less informative than the resource approach. The resource approach makes it possible to construct a comprehensive indicator of the overall efficiency of production on the basis of its constituent factors: capital productivity, material productivity and worker productivity. In this article are analyzed the evaluation properties of the following priority evaluation indicators of economic efficiency of production: economic effect, profitability of revenue and profitability of production capital (assets). The general characteristics of these indicators are given, their terminology is clarified, classification and calculation formulas are also given. A quantitative relationship is determined between the indicators of general and self-financing efficiency, and between the indicators - return on revenue and return on production capital. Using the example of forming an investment plan for the technical requipment of production, the preference of using such a relative efficiency indicator as the profitability of production capital is proved in comparison with the absolute indicator - the economic effect. The authors of the “revenue profitability” indicator performed additional calculations to select the highest priority indicator. As a result, it was established that the indicator of the overall efficiency of the applied production complex capital is the main, most informative assessment indicator both at the stage of creating production and at the stages of its operation.

New approach to determining the economic efficiency of investments in mineral resources deposits development

The purpose of the study is to develop methodological support for assessing the economic efficiency of investment when implementing projects for mineral deposits development, including investments in coal deposits development. Specific features of the content of these projects implementation process have been considered both in terms of investment result and its components, and in terms of composition and investment structure, which affect the methodology used and the corresponding methods of efficiency indicators calculation. The author’s approach and specific formulas for assessing the economic efficiency of investment when implementing projects for mineral deposits development have been outlined and substantiated. The projects are based on the use of newly created value indicator such as internal income of enterprises and organizations as a result of investment and investment activity. In its economic content it corresponds to the country’s internal national income indicator, which is the financial basis for the functioning and existence of the state. The formulas for calculating the indicators of economic efficiency of investments and capital investments in development and exploitation of mineral deposits of specific investors without considering the costs of production and social infrastructure have been given.