Abstract. The article presents the research into the issues of operation and modernisation of fixed assets that is of particular importance in conditions of investment development by machine-building enterprises at the modern stage of the economic development of Ukraine. Investments targeting particular facilities (buildings, transportation means, and equipment) stress the relations between investments and fixed assets. Modernisation seen as improvement of functional features of equipment, taking into account the stimulating factors, helps increase the production quality indicators.Key words: modernisation, fixed assets, fixed assets operation, life cycle of fixed assets, factors of modernisation, improvement of fixed assets, machinebuilding enterprises, depreciating of fixed assets. Problem statementThe importance of material factors of production -the fixed assets -has increased during the past years. The increase of production volume occurs due to the effective use of productive fixed assets. Economic efficiency of machine-building enterprises depends on certain indexes. One of the basic indicators is production capacity of fixed assets. The basic problem of fixed assets operation is their maintenance, renovation and successful exploitation for further work at the enterprise. The solution of this problem can be facilitated through extensive study and research into modernisation as renovation of the active (productive) part of fixed assets and improvement of production quality indicators (labour productivity, quality of products, operating lifetime). Considering that repair works can fully renew primary properties and prevent premature wear one can state that there is possibility to maintain successful operation of fixed assets. Today management of machine-building enterprises of Ukraine practically does not use the system of preventive maintenance, that negatively affects maintenance, modernisation and use of fixed assets. So the issue of fixed assets operation efficiency comes to the forefront in studying and researching the enterprise activirties. Analysis of the recent research and publicationsHome and foreign scholars do research into the issues related to effective enterprise activities by improving fixed assets operation. On the one hand, this can be done through modernisation, and on the other hand, through improvement of professional qualities of maintenance personnel engaged in production. The issues related to effective activities of enterprises, successful operation and modernisation of fixed assets have been studied by many scientists, among them being: Melnyk S., Mochernyi S., Kravchenko O., Kuzmin O., Osypov V., Horngren С. T., Foster G., Datar S. M., Dubinin S. and others. The enterprises that are operating fixed assets that do not meet modern technological requirements, must modernize and use them most effectively. It is especially relevant in modern social and economic environment characterized by lack of financing and investments. Research objectiveThe aim is research into the aspects of suc...
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