Application of Riskology Approaches for the Three-Continuum Model of Business Risk Management in the Value System of Sustainable Development

Yuriy Tyrkalo

Application of Riskology Approaches for the Three-Continuum Model of Business Risk Management in the Value System of Sustainable Development

Číslo: 6/2022
Periodikum: Path of Science
DOI: 10.22178/pos.82-3

Klíčová slova: business structure; innovations; investments; business risks; Information Technology; optimization; income; management decisions

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Anotace: The article deals with the issues related to the application of riskology approaches for the three-continuum model of business risk management in the value system of sustainable development. Based on the research results, information and computer technology were developed to determine the effectiveness of the innovative project of a business structure regarding the management of economic processes and business risks in the system of sustainable development. The basis of information technology is a three-continuum econometric model of operations, taking into account the quality function, balance ratios for information and financial flows, which describe procedures for managing business risks by the concept of sustainable development of business structures. Limiting ratios of ecological nature and effectiveness criteria of the management system are proposed for the innovative project, which take into account: a) revenue norms; b) risks; c) volume of investments; d) capital return of fixed assets of the enterprise; e) the share of the company’s funds spent on improving the qualifications and competence of workers and management personnel.