A Theoretical and Practical Approach to Managing Logistical Risk in Machine-Building Enterprises

Abstract

The aim of the scientific article is to develop a theoretical and practical approach to managing logistical risks in machine-building enterprises under modern turbulent conditions of management. According to the results of the carried out analysis of literary sources, the essence of the concept “risk” is determined. After analyzing the works of academic economists, the functions of logistical risks in machine-building enterprises are highlighted. Taking into account the characteristic features of activities of machine-building enterprises, possible risks are identified. Based on the research, there proposed a theoretical and practical approach to managing logistical risks in machine-building enterprises, which involves determining reasons for the emergence of logistical risks in machine-building enterprises, carrying out a thorough analysis aimed at the identification of risks and formation of a system for managing risks associated with logistics operations in machine-building enterprises. It is proposed to use economic and mathematical models which will help to localize and neutralize negative effects of risks when forming effective decisions on managing logistical risks in machine-building enterprises.

Keywords

• risk
• logistics operations in an enterprise
• risk management
• machine-building enterprises