Conceptual framework of economic reliability of production processes

Abstract

The study presents the authors' approach to defining economic reliability of production processes; interpretation of the essence, content and mathematical implementation of its parameters. The methodology of study includes classical scientific methods like observation, analysis, synthesis, formalization and logic. Also, some special methods were used like knowledge base and database creation, variance analysis, economical and statistical methods of data processing, economical and mathematical modeling. The authors' approach to control of economic reliability of production processes suggests transition from classical elasticity coefficients of relations between two factors to elasticity functions, including multidimensional ones. Rigidity functions are introduced as a counter-concept of elasticity functions. As a result of the study the following notions are defined: extreme technologies, basic principle of the technology extremality; assessment of production process reliability, as well as essence, content and mathematical implementation of its parameters. The suggested method is implemented in a number of large-scale projects in various branches of Russian national economics.