Improving the Development Technology of an Oil and Gas Company Using the Minimax Optimality Criterion

Abstract

The article deals with the problem of adaptation of the Russian oil and gas company (Novatek, Russia) to the rapidly changing external environment, the avalanche of data from competitors, and the need to filter important information for business development and the prosperity of the industry as a whole. The approach is based on the system of integrated software monitoring of key business processes at the enterprise developed by the authors—from the formation of the idea of a new product to its implementation to paying customers. The scientific novelty lies in the use of an optimization model that allows for minimizing the maximum losses of the investor at all levels of decision-making, from the distribution of capital between companies, to the optimization of internal reserves to increase the competitiveness of the company. The toolkit is a minimax model that allows you to redistribute the shares of investor influence at the portfolio level, and then within the business processes of each company selected by investors, in order to achieve the optimal solution in accordance with the selected estimated indicators. Application of the well-known portfolio investment models of Markowitz, Tobin, Sharp, etc. is not possible due to the lack of necessary data on the basis of which the probabilistic parameters involved in the model are estimated. Even if we get them, it is necessary to take into account the level of correlation influence of the technological process in the composition of each subsystem, which is unacceptable for the data used, as it leads to a strong increase in errors. Using minimax and a systematic approach allows you to minimize such errors by choosing a balanced concentration of distributed assets for both the investor and the buyer. To this end, a three-way analysis of the company’s development was carried out and a technology for comprehensive improvement of the company’s activities was developed in the following areas: the company’s rating in the industry, financial condition, and interaction with counterparties using merchandising technologies. Tools for optimal image zoning at the Novatek site using the minimax approximation criterion have been developed. The technology provides a procedure for creating a comfortable mode of image perception based on high-tech visualization of merchandising, zoning of the screen area, and a mathematical approach that allows you to develop a calculation algorithm.

New Trends and Patterns in Green Competitiveness: A Bibliometric Analysis of Evolution

“…5, No. 2, 2022 infrastructure and green marketing (Lyonov et al 2021;Tambovceva et al 2020;Panchenko et al 2021;Letunovska et al 2021;Yang et al 2021); unlocking the economic potential (Abazov 1997(Abazov , 2010Dźwigoł & Wolniak, 2018;Miśkiewicz 2018Miśkiewicz , 2019Miśkiewicz , 2020Miśkiewicz , 2021aMiśkiewicz , 2021b; functioning and elaborating energy systems (Coban et al 2022;Miskiewicz et al 2021Miskiewicz et al , 2022Moskalenko et al 2022aMoskalenko et al , 2022b; energy and social security (Kharazishvili et al 2020(Kharazishvili et al , 2021Kotowicz et al 2022;Hezam et al 2023;Hussainet al 2021;Miskiewicz et al 2021Miskiewicz et al , 2022Prokopenko and Miśkiewicz 2020;Saługa 2020Saługa , 2021; development of information systems (Bogachov et al 2020;Borodin et al 2021;Drożdż et al 2020aDrożdż et al , 2020bDrożdż et al , 2021Dzwigol ,2021Dzwigol , 2022Dźwigol et al 2019Dźwigol et al , 2020Melnychenko 2020Melnychenko , 2021aMelnychenko , 2021b; determination of bifurcation points (Ingber 2017;Kianpour et al 2021;Kwi...…”

Threats and their triggers in the globalized economy

“…A globalized economy is not just a global market for products or services. The global economy is also strongly interconnected with raw materials and energy resources (Androniceanu, Căplescu, Tvaronavičienė, Dobrin, 2021;Borodin, Tvaronavičienė et al, 2021), which can become significant threats to individual states and their economic groupings if the global balance is disturbed (Alanen, Linnsmaa et al, 2022). With the change in the global division of the world, the transport routes for energy, raw materials, and goods have also changed (Hudecova, 2021a;Hudecova, Chriastel, 2021).…”

Strategic Scenarios of the Post-War Recovery of the Aviation Transport Sustainable Development: The Case of Ukraine

“…This has led to growing concerns about the sustainability of aviation and its long-term impact on the environment. To address these challenges, aviation stakeholders are increasingly focusing on innovative solutions that can help reduce the industry's environmental footprint while supporting economic growth and social development (Borodin et al, 2021). In addition to investing in new technologies, aviation stakeholders are also exploring ways to improve air traffic management systems, reduce waste and carbon emissions, and promote more sustainable practices throughout the industry (Miśkiewicz 2021a;Coban et al, 2022b;Miskiewicz, 2022).…”