<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In the article the method of analysis of financial potential using taxonomy method has been developed as well as it has been tested on the basis of empirical data of Ukrainian forestry enterprises. The application of such a method made it possible to construct a rating assessment of a complex and multifactorial economic object – the financial potential, using algorithms of systematization to multidimensional quantities. The authors present the stages of application of analytical procedures for assessing the dynamics of taxonomic indicators of financial potential as well as for constructing the rating of the suggested business entities. An innovative model of financial potential of forestry enterprises is proposed, which will allow to identify the complex of properties of an object as a basis for forming a set of analytical procedures for assessing its state. The obtained results of the analysis can serve as the basis for constructing a management strategy to optimize the financial potential of the enterprise.</p></abstract>

In the article the method of analysis of financial potential using taxonomy method has been developed as well as it has been tested on the basis of empirical data of Ukrainian forestry enterprises. The application of such a method made it possible to construct a rating assessment of a complex and multifactorial economic object – the financial potential, using algorithms of systematization to multidimensional quantities. The authors present the stages of application of analytical procedures for assessing the dynamics of taxonomic indicators of financial potential as well as for constructing the rating of the suggested business entities. An innovative model of financial potential of forestry enterprises is proposed, which will allow to identify the complex of properties of an object as a basis for forming a set of analytical procedures for assessing its state. The obtained results of the analysis can serve as the basis for constructing a management strategy to optimize the financial potential of the enterprise.

Financial Potential Analysis of Forestry Enterprises of Ukraine on the Taxonomy Method Basis

Management Systems in Production Engineering

This work is licensed under the Creative Commons Attribution 4.0 International License.

In the article the method of analysis of financial potential using taxonomy method has been developed as well as it has been tested on the basis of empirical...

Financial Potential Analysis of Forestry Enterprises of Ukraine on the Taxonomy Method Basis

Published Online: Dec 02, 2020

Page range: 3 - 13

Received: Feb 01, 2020

Accepted: Oct 01, 2020

DOI: https://doi.org/10.2478/mspe-2021-0001

Keywords
financial potential, forestry enterprises, matrix, rating estimation, taxonomy, taxonomic analysis method

© 2021 Viktor Ievdokymov et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Financial Potential Analysis of Forestry Enterprises of Ukraine on the Taxonomy Method Basis

Published Online: Dec 02, 2020

Page range: 3 - 13

Received: Feb 01, 2020

Accepted: Oct 01, 2020

DOI: https://doi.org/10.2478/mspe-2021-0001

Keywordsfinancial potential, forestry enterprises, matrix, rating estimation, taxonomy, taxonomic analysis method

© 2021 Viktor Ievdokymov et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
financial potential, forestry enterprises, matrix, rating estimation, taxonomy, taxonomic analysis method