Financial management methods and ways to optimize costs

Abstract

The article discusses financial management methods and ways to optimize costs. Management of the cost of production of enterprises is a systematic process of formation of costs for the production of all products and the cost of individual products, control over the fulfillment of tasks to reduce the cost of production, identification of reserves for its reduction. Enterprise cost management is a component of the enterprise management system as a whole. Therefore, in general terms, let us dwell on some aspects of enterprise management in order to understand the essence of cost management. Management - the activities of an enterprise aimed at realizing the objectives of the management object, subject to the rational use of available resources.

Creating an Innovative Business Model for the Performance of Commercial Dental Clinics

“…The problems of financial management of medical organizations, process management, formation of tariffs for paid services, including dental services, resource availability of medical organizations, issues of the quality of labor, material, financial, and management resources, their mathematical description and analysis, and a number of socially significant problems of the population of the Russian Federation related to the impact of dangerous infectious and non-infectious diseases of working-age citizens on the economic losses of the state due to forced disability are mainly examined in the studies of Sukhina et al [30], Morozko et al [38], and Gasparian et al [39]. However, in these publications, little attention is paid to the study of promising trajectories of economic development of CDOs, their mathematical description, the interaction of various participants in the provision of dental services, and the representation and modeling of their interests as small business entities.…”

“…As a rule, the objective function and each of the inequalities in the system of constraints of the optimization problem in most modern models for controlling real processes are nonlinear functions, which impose additional restrictions on control objects and require special mathematical models and instrumental methods for solving such problems. Thus, in the problems of managing the development of medical organizations, nonlinear and quadratic programming methods have proven themselves well [30].…”

“…The proposed model differs from the models used for managing financial flows of enterprises ( [13,30,38], etc. ), in that it enables management decision makers to coordinate investment programs and plans depending on prices for dental services, the volume and cost of these services, which contributes to the growth of economic efficiency (profitability) of investment in the dental business, material labor incentives for dentists, and deductions to the CDO development fund.…”