Krasnodar Cooperative Institute
Author list of organization
List of articles written by the authors of the organization
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ECONOMIC ANALYSIS AS APPRAISAL INSTRUMENT FOR INVESTMENT ATTRACTIVENESS OF A HOTEL ENTERPRISE
Description
In the article we provide an estimation of investment attractiveness of a service sector company
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DETERMINATION OF INVESTMENT APPEAL OF INDUSTRIAL ORGANIZATIONS FOR GOOD GOVERNANCE
Description
Russian industry is almost completely exhausted the potential for extensive growth model. Due to this background, the increasing the importance of improving the efficiency of the companies in the industry, which by definition involves the need to increase investment activity in the industrial business becomes very important. The problem arises due to identifying the elements of investment attractiveness for further exposure to the companies in the sector and attracting investment capital. This article is devoted directly to the issues of determining factors of investment attractiveness of an industrial company. The emphasis in the article has been made on the allocation of domestic and foreign investment attractiveness, each of which is formed by a number of aspects. Also, it has identified and characterized the key elements that make up the internal and external investment attractiveness. Thus, the investment attractiveness of the internal environment of an industrial company is represented as a top-management, quality of personnel, quality of business processes, the quality of sales and quality of the financial system. Investment attractiveness of the environment can be formed by conjuncture target markets, the availability of capital, public policy, competition, barriers to entry, innovative pressure locally limited preferential treatment. The article also gives a brief description of how each of the elements mentioned above influence the integrated investment attractiveness
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PRODUCTION PROCESS DESIGN OF FUNCTIONAL FOOD PRODUCTS BASED ON FUNCTIONAL VALUE ANALYSES
Description
The article substantiates the feasibility of the method of functional value analysis application to ensure high efficiency for the production of functional food products. This article describes the design technique of food functionality based on the methodology of value analysis, allowing considering such factors as consumer preferences, nutritional, functional value, economic and technological indicators while developing product formulations and technologies. With the example of flour confectionery functional production there have been developed: structural model for the production of functional food products, the scheme of evaluation of the value functions, with due consideration of consumer preferences
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PROBLEMS OF RATING OF FINANCIAL ACTIVITY OF MANAGING SUBJECTS OF AGRARIAN SPHERE
Description
In the article we have given a critical assessment of credit scoring by American economist D. Duran, we have grounded the developing of his method for the domestic economic conditions. The unacceptability of D. Duran’s method for the analysis of financial condition of domestic economic entities is explained by the following reasons: 1) the imperfection of the hierarchy of indicators of credit scoring, and 2) the imperfection of differentiation of scoring for the actual value of the indicators, forming the credit scoring by groups of firms. In the methodology of D. Duran the main indicator is a level of credit scoring profitability of total assets - for the first class of firms, that are the most financially stable, the authors have given a rating of "50 points" for the actual value of the profitability of 30%; the second most important indicator by the author’s choice is the ratio of current liquidity - for the actual value of the coefficient "of 2.0 and higher," are given 30 points to a first-class firms; the third indicator of the financial condition of firms author has defined as the ratio of the financial independence - for the first group of firms the actual value of the coefficient "of 0.7 and higher," are assessed 20 points. In the fifth, the last group of firms, numerical score is 0 (for the actual return on total assets "of less than 1%", as the value of the current liquidity ratio "of 1.0 or less," for the coefficient of financial independence "less than 0.2"). For assessment of the financial condition of the domestic agricultural producers, a priority in the hierarchy of indicators, in our opinion, has the ratio of financial independence, which is formed mainly by retained earnings. Our researches have shown that the numerical score of the coefficient value "of 0.8 and above" should be 50 points. The second most important in the assessment of the financial condition of the organization, in our opinion, is the profitability of total assets; its actual value "of 5% and above" should correspond to score 30 points. The third in the system of indicators, characterizing the financial condition, is the ratio of current liquidity of the assets. Its actual value "of 3.2 and above" should be evaluated in 20 points for the agricultural organizations of the first, most financially stable, group
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Description
The system of indicators characterizing the financial condition of a commercial organization, the major thing is profitability of its operations as the ratio of profit on sales and revenues, the ratio of profit before tax and the average annual value of total assets, the ratio of net profit and the average value of all assets, net income and average equity. Great practical importance for the efficient management of resources economic entity is marginal analysis, but it requires, in our opinion, improvement. In the academic literature on management analysis it is recommended to determine the relative value of the stock of financial strength ratio of the absolute value of the stock of financial strength and actual revenue; financial headroom suggested determined by the difference between the actual value of revenue and earnings, the corresponding break-even point. The relative value of the stock of financial strength should be determined, in our opinion, the ratio of the absolute value of the stock of financial strength and the amount of revenue in the break-even point. Recommended in textbooks relative value of the stock of financial strength is a share of stock of financial strength in the actual revenue. The method of rating the financial condition of commercial organizations (credit scoring of the American economist D. Durant) return on total assets is also a priority index, largely determining the solvency and liquidity of the balance sheet, the financial stability of the business entity. However, in practice the profitability of the invested capital is not always characterized by an optimal investment
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ANALYSIS OF EFFICIENCY OF ACTIVITY OF MANAGING SUBJECT OF VINE INDUSTRY
Description
For the analysis of the effectiveness and the efficiency of entrepreneurial activity of organizations we apply a system of indexes, characterizing the level of the use of production resources: labor, floorspace, average annual cost of the combined assets, average annual cost of circulating assets, including supplies, average annual cost of own capital, production expenses, including financial expenses. As a quantitative result of activity of managing subject we use volume cost indexes, characterizing an effect: gross products are in current prices; profit yield from sales; gross revenue; income from sales; income to taxation; net income [1, 2, 3]. The high-quality indexes of efficiency of the use of production resources: gross products in current prices on an average annual worker; profit yield from sales on an average annual worker; gross. The analogical set of indexes of efficiency is applied, determining correlation of different types of effect and other resources. That determine an index, characterizing correlation of gross products in current prices and floorspace (in agricultural organizations we use 1 ga of lands, in point-of-sale – 1 m2 of point-ofsale area, in industry – 1 m2 of floorspace of factory, factory, workshop); correlation of profit yield from sales and floorspace; correlation of different. Then we determine indexes, characterizing correlation of different types of effect and average annual cost of the combined assets, correlation of different types of effect and average annual cost of circulating assets, production supplies, property asset, production expenses, and financial expenses. In obedience to methodical positions of analysis of indexes, characterizing the results of activity of managing subjects, we probe the dynamics of indexes for the last 3 – 5 years with the purpose of exposure of it. Important in research of indexes and efficiency of entrepreneurial activity is the use of factor analysis, allowing defining a quantitative measure influence of factors on the change of analyzable index, to ground backlogs of increase of efficiency. Most acceptable in the analysis of influence of factors there is a reception of chain substitution on the dynamics of indexes of efficiency of the use of production resources
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WAYS TO PROVIDE STABILITY OF RAW MATERIAL DURING STORAGE
Description
An analysis of patented in Russia and abroad methods for providing preservation of plant products, particularly apples and pears, was carried out in the article. The patent search was made for the period from 1995 to 2015 in the databases of patent offices of the United States of America, Japan and European patent organization. The patented methods, realization of which allows increasing of storage life of agricultural products by means of using different kinds of electromagnetic radiation, regulating the content of gaseous medium in the storage, treating with chemical substances, inhibiting the microbiological processes, creating hermetic storing conditions, were systematized. The realized research allowed drawing a conclusion on the relevance of work in the field of search for new methods for providing stable quality of fruits in the process of storing, particularly with the use of electromagnetic fields of very low frequency
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APPLICATION OF LECITHIN IN BAKERY PRODUCTS MANUFACTURE
Description
The article shows using plant phospholipids (lecithin) in the manufacture of bakery products. The article analyzes the patented ways of using phospholipids products (lecithin) in the production of bakery products in Russia and abroad. Patent search was conducted over the period from 1935 to 2015 on databases of patent offices of the United States, Japan and the European Patent Organisation. Conducted analysis led to the conclusion about the widespread use of phospholipids in bakery products. It was determined that generally there are used lecithins derived from sunflower, soybean and peanut oil, but the lecithins obtained from rapeseed oil production which are significant not only in Russia, but also abroad, are not used. Due to this, there were made conclusions about scientific and practical interest to study effectiveness of lecithin derived from rapeseed oil, to improve the quality, nutritional value and longer preservation of freshness of bakery products
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Description
The article analyzes the ways of ensuring a stable quality of vegetable raw materials in the process of storage and use of biopreparations patented in Russia and abroad. The search was conducted in the period from 1995 to 2015 on the databases of the patent agencies of the Russian Federation, the United States, Japan and the European Patent Organization. We have systematized the patented methods, the implementation of which can increase the shelf life of vegetable raw materials. The study led to the conclusion of the usefulness of developing innovative ways of ensuring a stable quality of vegetable raw materials in the process of storage using biopreparations
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APPLICATION OF EMF SHF IN PROCESSING TECHNOLOGIES FOR VEGETABLE MATERIAL AND SECONDARY RESOURCES
Description
The article analyzes the proprietary methods of processing of vegetable raw materials and secondary resources with the use of electromagnetic fields (EMF SHF). Analysis of the database of Rospatent World Intellectual Property Organization led to the conclusion that EMF SHF used in the processing of vegetable raw materials in the following processes: drying, reduction of microbial contamination (decontamination), juice production and extraction. It is established that the application of EMF SHF is the most effective in preparation for drying a plant raw material and not directly at the stage of drying, thus reducing the loss of heat-labile active compound in the drying process, and therefore obtain a finished product of higher quality and nutritional value. The patented methods of extraction of vegetable raw materials extraction process performed that extracting directly EMF SHF does not allow pre-hold inactivate enzymes contained in the raw material and lead to undesirable oxidative and hydrolytic processes, and hence a decrease in the yield of extractable substances in the extract and the deterioration of its quality . Therefore, as in the case of drying plant material, EMF SHF can be more effectively used in preparation for an extraction process. Based on the analysis, it was concluded that the relevance of developments in the field of technologies of processing of vegetable raw materials and secondary resources using EMF SHF at the stage of their preparation for such basic processes - drying, extraction, etc.
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