Ways of Performance Improvement in Petrochemical Enterprise

L. B. Sungatullina*, A. Y. Sokolov, D. G. Yankovskaya, T. V. Elsukova and E. I .Kadochnikova
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L. B. Sungatullina*: Kazan Federal University, Russia
A. Y. Sokolov: Kazan Federal University, Russia
D. G. Yankovskaya: Kazan Federal University, Russia
T. V. Elsukova: Kazan Federal University, Russia
E. I .Kadochnikova: Kazan Federal University, Russia

The Journal of Social Sciences Research, 2018, 345-349 Special Issue: 5

Abstract: The paper considers the problems of performance improvement in petrochemical enterprises. The possibilities of applying financial mathematics methods to assess the personnel efficiency are explored. The theoretical aspects of lean production which affect the growth of personnel efficiency are studied and practical measures for their implementation are developed. Economic calculations have been made and the change in sales revenue, net profit, net present value due to the introduction of elements of lean manufacturing in the petrochemical industry is assessed. Practical-oriented approaches to the differentiation of ways which determine the companies’ performance and serve as the basis for management decisions are formulated.

Keywords: Economic efficiency; Analysis; Petrochemical industry; Lean production; Net profit; Net present value; Payback period. (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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