Determining the Optimal Directions of Investment in Regional Renewable Energy Development

Kurbatova, Tetiana; Kurbatova, Tetiana; Romaniuk, Yaroslavna; Prokopenko, Olha; Gonchar, Vіktorіya; Sayenko, Yuriy; Prause, Gunnar; Sapiński, Aleksander

doi:10.3390/en15103646

Cited by 24 publications

(14 citation statements)

References 35 publications

(40 reference statements)

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“…Renewable energy needs the right investment [15]. Modern trends have confirmed the need to take environmental factors into account in the efficiency of companies [16].…”

Section: Resultsmentioning

confidence: 99%

Investments in green business and corporate governance by Ukraine’s cooperation with the European Union

Kulakov

Popova

et al. 2023

IOP Conf. Ser.: Earth Environ. Sci.

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For the successful increase capital investments on ecological protection and increase current expenditures on ecological protection the recommendations on green business and corporate governance, taking into account the modern European experience are developed. The following actions to control the decentralization reform and implement measures to increase investment in improving energy efficiency and energy independence of rural areas are researched. Unstable growth of capital investments on environmental protection in Ukraine is analysed. Indicators of current expenditures on ecological protection in Ukraine are studied. The necessary to develop success in the implementation of environmental innovations and increased spending on environmental innovations for increase employment and economic growth is researched. Ukraine has unstable increase in ecological protection investments compared with the countries in the European Union, which indicates the need for implementation green innovations for the reform of Ukraine’s circular economy. The economic and mathematical model will allow to increase the objectivity and efficiency of decisions regarding the recommendations on green business and corporate governance, taking into account the modern European experience.

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“…Renewable energy needs the right investment [15]. Modern trends have confirmed the need to take environmental factors into account in the efficiency of companies [16].…”

Section: Resultsmentioning

confidence: 99%

Investments in green business and corporate governance by Ukraine’s cooperation with the European Union

Kulakov

Popova

et al. 2023

IOP Conf. Ser.: Earth Environ. Sci.

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“…On a global scale, there is an urgent need for higher sustainability and significant improvements in the way businesses manage sustainability (Cavaleri & Shabana, 2018;Song et al, 2018). Also, a strategic risk analysis contributes to a proper value chain and its analysis (Straková et al, 2020;Sotnyk et al 2022). An efficient enterprise manages its risks in a way that ensures the necessary production and reliable manufacturing (Klober-Koch et al, 2017).…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Riskiness of value-creating corporate activities and their influence on strategic management of engineering companies

Straková¹,

Kollmann²,

Kostiuk³

et al. 2023

JESI

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This paper presents a procedure for definition and analysis of value-creating corporate activities on an example of a selected engineering company and a newly proposed calculation of riskiness of the production process. The risk calculation is based on an analysis of the value chain or value stream of its primary activities. Three research questions were formulated within the framework of the solution concerning differentiation of the value stream in serial and custom production, significance of individual primary processes for creation of the corporate margin and differentiation of the degree of risk between serial and custom production. The obtained outputs from the model engineering enterprise showed that the intensity of added value creation is lower in serial production than in custom production. In terms of the importance of the primary activities for serial and custom production in the value chain, the production process can be considered dominant from the viewpoint of margin generation, followed by the technical preparation process. In addition to the already mentioned reduced level of generation of added value, the lower average riskiness of the production process was also found for serial production compared to custom production. The graphical presentation at the end of the paper suggests a correlation between the level of added value creation in partial production operations and their respective level of risk. The authors of the article assume that the presented results have general validity for engineering production enterprises, which will be the subject of follow-up case studies on similar topics.

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“…Knowledge and management of strategic risks are two of the critical factors that make it possible for the enterprise to keep its competitive advantage (Dang & Yeo 2017). An important component of the strategic risk analysis is a strategic economic analysis, which evaluates the performance or prosperity of business entities and the effect of risks on invested financial means (Sotnyk et al 2022;Prodanova et al 2019). Management of enterprises should be able to monitor and identify risks with potential negative effects, concentrate on them, and based on an analysis, specify the severity of their impacts on the production process or on the company (Senova et al 2017;Kumar, Park 2019).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Enterprise risk analysis in an engineering company with a focus on custom manufacturing

Straková¹,

Kollmann²,

Kostiuk³

et al. 2023

JESI

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The study details the outcomes of a scientific experiment analyzing enterprise risks in business processes. Examining and getting rid of enterprise risks is one of the most important management tools when it comes to reaching corporate goals. The new proposed strategy is based on the idea of process risk as a part of putting business processes or operations into action to get results that add value. The actual solution algorithm consists of the quantification of the difference between the level of risk and the enterprise's cost, the development of added value, and the operating profit. The experiment focused on a medium-sized engineering company that specializes in piece production. The principal outcomes of the technique are the realization that a smaller proportion of value added connected with the process results in a reduced degree of risk that is proportional to the cost ratio of the various production process activities. The hypothesis that manufacturing automation reduces risk has not been confirmed. It is advised that businesses document and review the time and cost components of each process on a regular basis. The outputs obtained from the solution demonstrate the suitability of the proposed process, with the outputs' validity demonstrated by repeating the analytical activities and comparing them to the actual occurrence of process risks identified by the model enterprise's managers during the execution of a real contract. The newly proposed method is expected to be appropriate for mass production.

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Determining the Optimal Directions of Investment in Regional Renewable Energy Development

Cited by 24 publications

References 35 publications

Investments in green business and corporate governance by Ukraine’s cooperation with the European Union

Investments in green business and corporate governance by Ukraine’s cooperation with the European Union

Riskiness of value-creating corporate activities and their influence on strategic management of engineering companies

Enterprise risk analysis in an engineering company with a focus on custom manufacturing

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