The Innovative Model for the Formation of a Database Used to Assess a System of Economic Security of Retail Companies

M. Chorna, O. Shumilo and H. Zabrodska

Research in World Economy, 2019, vol. 10, issue 4, 23-30

Abstract: The article highlights topicality of an issue related to assessing economic security of retail companies, which face hazards and threats under contemporary unstable economic conditions, for making decisions concerning ensuring a high level of the economic security, efficiency, and sustainable development of a company in general. The authors have developed a model of forming a database for assessing economic security of retail companies using mathematical modelling in order to avoid difficulties in the process of forming the database. Application of mathematical methods enables to create the more informative database, which will be used to conduct a more thorough analysis. This allows to make effective managerial decisions regarding ensuring a high level of economic security of a retail company. A methodical tool of M. Pohozhykh and M. Safronova underlies the model of forming the database for assessing economic security of a retail company applying methods of mathematical modelling. The methodical tool consists in modelling an n-dimensional geometric shape, namely a n- dimensional parallelepiped, taking into account properties of the Euclidean space. The model of forming the database for conducting an assessment is an outcome of the scientific research.

Keywords: assessment; database; economic security; optimization models; retailing (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciedu.ca/journal/index.php/rwe/article/view/16899/10483 (application/pdf)
http://www.sciedu.ca/journal/index.php/rwe/article/view/16899 (text/html)

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:jfr:rwe111:v:10:y:2019:i:4:p:23-30

DOI: 10.5430/rwe.v10n4p23

Access Statistics for this article

Research in World Economy is currently edited by Gina Perry

More articles in Research in World Economy from Research in World Economy, Sciedu Press
Bibliographic data for series maintained by Gina Perry ().