2021
DOI: 10.3846/bmee.2021.14798
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Modeling the Process of Risk Management Response to the Negative Impact of Risks as the Basis for Ensuring Economic Security

Abstract: Purpose – the main purpose of the article is to form a methodological approach to counteract risks that most negatively affect the system of ensuring the economic security of engineering enterprises. Research methodology – the research methodology involves the application of the theory of graph connections, modeling from IDEF0. Findings – the main risks that most negatively affect the system of ensuring the economic security of engineering enterprises were identified, modeling of the main stages of response to… Show more

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Cited by 16 publications
(9 citation statements)
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“…The methodology itself is not new and has been used in many scientific fields. For example, several scientists (Sylkin et al, 2020;Godlevskyi et al, 2018;Kryshtanovych et al, 2020Kryshtanovych et al, , 2021 directions as ensuring the financial, social and economic security of the enterprise or even at the state level (Glado et al, 2021;Sylkin et al, 2019) Nevertheless, our study focuses on the type of governance where this methodology is both relevant and new.…”
Section: Discussionmentioning
confidence: 99%
“…The methodology itself is not new and has been used in many scientific fields. For example, several scientists (Sylkin et al, 2020;Godlevskyi et al, 2018;Kryshtanovych et al, 2020Kryshtanovych et al, , 2021 directions as ensuring the financial, social and economic security of the enterprise or even at the state level (Glado et al, 2021;Sylkin et al, 2019) Nevertheless, our study focuses on the type of governance where this methodology is both relevant and new.…”
Section: Discussionmentioning
confidence: 99%
“…Most scientists [7,8] note the fact of the relevance of the study of sustainable development and planning of the region. Noting this that planning is the basis for the effective socioeconomic development of the regions, a tool for the formation and implementation of the strategic goals of the socioeconomic development of the region.…”
Section: Literature Reviewmentioning
confidence: 99%
“…According to Matsuura [10] and Kryshtanovych et al [11] the problem of forming a mechanism for regulating the activities of engineering enterprises by regional authorities is based on the need to apply an integrated approach to solving problems of development and effective use of production and export potential. A significant number of measures taken by regional authorities in accordance with the old model indicates their inconsistency and inconsistency, as well as the regressive influence of many levers and regulatory instruments on both foreign economic and general economic activities of the engineering complex 12, 13.…”
Section: Literature Reviewmentioning
confidence: 99%