The Development of Mining Enterprises in the Context of Global Challenges

Pashkevich Marina S. (), Papizh Yuliya S. () and Paulo Zhoze M.
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Pashkevich Marina S.: National Mining University
Papizh Yuliya S.: National Mining University
Paulo Zhoze M.: National Mining University

Business Inform, 2013, issue 7, 332_336

Abstract: The article denotes the problem of choosing a model for sustainable development of the mining enterprise, which enables prediction of the trajectory of its development in the short and long term, and make a choice of optimal solutions. The existing ground works of domestic and foreign scholars in the field were analyzed. The necessity of focusing on the mathematical modeling of the triad of social, ecological and economic processes of sustainable development of mining enterprises was grounded. The necessity of clustering methodology and application of cluster analysis was proved. It was founded that three areas of the mining business: economic, social and environmental sphere can be represented in two-dimensional space as a set of objects with only two parameters of cash flows: income and expenses. It was proposed to describe these spheres as circles. It was determined the parameters of these circles - the coordinates of the centers of economic cluster, social cluster and the environment cluster. The prospects of further studies to determine the radii of the clusters of the triad of social, ecological and economic processes of effective development of mining enterprises were determined.

Keywords: mining enterprise; sustainable development; cluster analysis; modeling (search for similar items in EconPapers)
Date: 2013
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