Bìznes Inform (May 2018)
The Substantiation of the Mechanism for Assessing the Usage of Fixed Assets at the Enterprises of the Mining and Processing Complex of Kryvbas
Abstract
The article substantiates that the final results of the enterprise’s economic activity depend on the status and efficiency of usage of fixed assets, and increasing the efficiency of using them is one of the main and topical issues in the conditions of market relations. Of particular importance in this aspect is the functioning of enterprises of the mining and processing complex of Ukraine and the Kryvyy Rih iron ore basin (Kryvbas). It is determined that current approaches to the formation and usage of fixed assets of enterprise are predominantly of fragmentary nature in terms of innovation development and efficiency of usage of fixed assets and their components, and do not account the sectoral specifics of mining and processing enterprises. Having a clear idea of the role of fixed assets and the factors that impact their usage in the production process, as a result of analysis of the formation and use of fixed assets in terms of production and economic activities of the mining and processing enterprise, it was concluded about expediency to apply economic and mathematical modeling in determining the rate of return on assets, which serves as a criterion for optimizing the mechanism for assessing the usage of fixed assets, considering an expanded range of the impacting factors.
