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Economic Assessment of Optimization of Machine-Building Production on the Basis of Restructuring Outsourcing Taking Into Account the Cyclical Nature of Economic Development

Il'nur Ildusovich Farkhoutdinov and Aleksei Gennadevich Isavnin

International Journal of Financial Research, 2021, vol. 12, issue 1, 286-296

Abstract: Nowadays using outsourcing and models of sourcing¡¯s maneuver, becomes as one of the most leading tools for optimizing domestic engineering production. Many entrepreneurs reject outsourcing because they think that outsourcing will incur additional costs. However, they make mistakes in calculating the value of missed opportunities because they spend so much time on hard, energy-intensive work that it would be better to leave that to others. Therefore, outsourcing may be toxic to some businesses, and the same activity can be very successful if done within the organization. Outsourcing simplifies many tasks and is profitable for organizations and companies, but only if the conditions are carefully considered, and security points are observed. Every business, large or small, needs to outsource some of its activities, whether it hires an individual or a team to do their work at the company or do it elsewhere. In this paper, the authors consider the optimization of domestic machine-building enterprises through the use of restructuring production outsourcing. An approach to the economic evaluation of the machine-building production optimization based on the restructuring outsourcing, taking into account the cyclical nature of economic development, is developed.

Keywords: restructuring outsourcing; production optimization; cyclical economic development; economic effect; production capacity; break-even point (search for similar items in EconPapers)
Date: 2021
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DOI: 10.5430/ijfr.v12n1p286

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Handle: RePEc:jfr:ijfr11:v:12:y:2021:i:1:p:286-296