Risk Management in the System of Financial Stability of the Service Enterprise

Svetlana Drobyazko, Anna Barwinska-Malajowicz, Boguslaw Slusarczyk, Olga Chubukova and Taliat Bielialov
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Svetlana Drobyazko: European Academy of Sciences, London 71-75, UK
Anna Barwinska-Malajowicz: Faculty of Economics, University of Rzeszow, 35-310 Rzeszów, Poland
Boguslaw Slusarczyk: Faculty of Economics, University of Rzeszow, 35-310 Rzeszów, Poland
Olga Chubukova: Faculty of Economics and Business, Kyiv National University of Technology and Design, 01011 Kyiv, Ukraine
Taliat Bielialov: Department of Finance and Financial and Economic Security, Kyiv National University of Technology and Design, 01011 Kyiv, Ukraine

JRFM, 2020, vol. 13, issue 12, 1-15

Abstract: The article is devoted to the theoretical substantiation and development of methodological approaches and practical recommendations for modeling the assessment of the financial stability of a service sector enterprise. To assess the financial condition of the hotel industry, a visual interpretation of the neural network, a model of self-organizing Kohonen map, was used. It is proven that by the method of Kohonen maps for each service provided by the hotel industry, in a certain period of activity, it is possible to establish certain objective limitations of structural characteristics that will prevent the transition to problem clusters or ensure the transition to better ones. The authors propose an economic and mathematical model of the process of assessing financial stability by calculating the integral indicator of financial stability of the service sector. The types of control maps for each of the coefficients that have a significant impact on the assessment of the financial stability of the enterprise in the service sector were identified. Control maps were constructed for each coefficient, which are part of the integrated indicator of financial stability, and their analysis was carried out for the presence of special reasons for the variability of the process of financial stability assessment. The concept of modeling a system for assessing the financial stability of service enterprises is developed in the article, which is based on the collection of financial data, a comprehensive analysis of factors influencing the financial condition, a study of the controllability of the process of assessing financial stability, building a model of an integral indicator of financial stability, and its program implementation.

Keywords: risk management; financial stability; coefficient of seasonality; control chart; expert system (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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