INFLUENCE OF A TURBULENT ENVIRONMENT ON THE MANAGING OF A MINING ENTERPRISE

Aurelia Rybak ()
Additional contact information
Aurelia Rybak: Silesian University of Technology Faculty of Mining and Geology, Department of Electrical Engineering and Automation in Industry

CBU International Conference Proceedings, 2019, vol. 7, issue 0, 278-282

Abstract: Motivation: It should be taken into consideration that classical planning methods that worked well at the end of the 20th century are often not effective in a turbulent environment. The article presents planning methods that can be applied in such conditions. Problem statement: The article presents methods of planning of the future in a variable environment. There are constant changes in the macro-environment of mining enterprises in Poland. Therefore, it is extremely difficult to create an appropriate plan for the company's core business i.e. extracting hard coal deposits. Approach and results: The scenario-based planning and SARIMA mathematical model and the forecasts for the demand for hard coal based on them have been presented. The scenarios are used to verify the potential company strategy. Conclusions: It should be noted that the strategy must be created in several variants which finally will enable the company to choose the one that will let it gain a competitive advantage. Only then will the mining company be able to stay ahead of its competitors. In order to allow decision-makers in companies to make the right decisions, appropriate methods and tools for managing the company should be used.

Keywords: turbulent environment; production planning; SARIMA Model (search for similar items in EconPapers)
JEL-codes: E23 E27 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ojs.journals.cz/index.php/CBUIC/article/view/1373/1901 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aad:iseicj:v:7:y:2019:i:0:p:278-282

DOI: 10.12955/cbup.v7.1373

Access Statistics for this article

More articles in CBU International Conference Proceedings from ISE Research Institute
Bibliographic data for series maintained by Petr Hájek ().