HIERARCHY ANALYSIS METHOD AS A RISK MANAGEMENT FOREIGN ECONOMIC ACTIVITY

UDC 005.52:005.334

  • Vodop’уanova Tat’yana Pavlovna – PhD (Economics), Associate Professor, Assistant Professor, the Department of Management, Business Technology and Sustainable Development. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: vodopjanova@belstu.by

  • Zhukoven’ Valeriya Sergeyevna – student. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: alicefrost500@gmail.com

DOI: https://doi.org/10.52065/2520-6885-2021-245-1-181-185

Key words: risk, innovative activity, hierarchy analysis method.

For citation: Vodop’yanova T. P., Zhukoven’ V. S. Hierarchy analysis method as a risk management foreign economic activity. Proceedings of BSTU, issue 6, History, Philosophy, 2021, no. 1 (245), pp. 181–185 (In Russian). DOI: https://doi.org/10.52065/2520-6885-2021-245-1-181-185.

Abstract

The article discusses the application of the method of analysis of hierarchies in order to manage the risks of innovative activity of a furniture manufacturing enterprise. If the company is faced with the task of selecting equipment for the introduction of a new type of product and at the same time it is necessary to minimize risks and prevent a decrease in demand for products, the method allows you to evaluate the equipment according to the most important criteria.

The calculation procedures of the hierarchy analysis method are quite simple, and the method itself is universal, since the application scheme does not depend on the field of activity in which the solution is applied. In this case, completely different criteria can be used with different levels of their significance, which allows you to assess any type of risk.

To make a decision on the choice of equipment, we considered the following criteria: the volume of loading of lumber, the power of the electric motor, the duration of drying.

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References

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  3. Vodop’yanova T. P., Ravino A. V., Zaharenko O. A. The method of analyzing hierarchies as a tool for managing the risks of foreign economic activity of an enterprise. Trudy BGTU [Proceedings of BSTU], issue 5, Ekonomics and Management, 2019, no. 2 (226), pp. 36–42 (In Russian).
01.02.2021