Development of an Automated Model for Evaluating the Reproduction of Fixed Assets of the Enterprises of Hotel Industry
Abstract
The relevance of the research is due to the need of domestic enterprises of the hotel industry for periodically making managerial decisions to improve the profitability of their activities. In this regard, the aim of the article is to develop a comprehensive multifactorial and multiplicative model for evaluating the efficiency of reproduction processes of fixed assets of hotel enterprises. The main method of studying this problem is the method of econometric modeling which allows to evaluate the impact of the processes of use and reproduction of fixed assets of enterprises on the profitability of the business entity, develop ways of effective management and substantiate the prospective (forecast) indices of enterprise development. The building algorithm is substantiated and complex multi-factor multiplicative model for evaluating the impact of the state and effectiveness of fixed assets on the profitability of hotel companies is developed. The forecast values of profitability of hotel services given the indices of movement and efficiency of use of fixed assets at the enterprises of hotel industry are obtained for the short-term prospect. The presented model will allow the enterprises of hotel industry to determine ways of reproduction, renewal and modernisation of fixed assets for ensuring high quality of hotel services and increase of profitability of activity at large.
References
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[3] Baigabylov, N.O., Maslov, K.B., Kozybayeva, M.M., and Tuleubayev, Z.Z. 2013. The current development trends of relations between Kazakhstan and Turkey: The Eurasian idea, the religious question and migration in the context of studying social history. Middle East Journal of Scientific Research, 16(12): 1648-1652.
[4] Bolgova, V.V., Makushkin, S.A., Povorina, E.V., Duplij, E.V., Demchenko, T.S. 2016. The innovative control management of travel companies. International Review of Management and Marketing, 6(6): 79-84.
[5] Chibili, M.N. 2016. Basic management accounting for the hospitality industry. Houten. ISBN: 978-1138135215, 356 p Available at: https://www.managementboek.nl/code/inkijkexemplaar/9789001867331/basic-management-accounting-for-the-hospitality-industry-engels-michael-chibili.pdf
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[7] Ghasemi, M., Shafeiepour, V., Aslani, M., and Barvayeh, E. 2011. The impact of information technology (IT) on modern accounting systems. Procedia – Social and Behavioral Sciences, 28: 112-116.
[8] Gillham, J., Rimmington, L., Dance, H., Verweij, V., and Rao, A. 2017. The macroeconomic impact of artificial intelligence. PricewaterhouseCoopers LLP. Available at: https://www.pwc.co.uk/economic-services/assets/macroeconomic-impact-of-ai-technical-report-feb-18.pdf
[9] Ihnashkina, T.B., and Shura, N.O. 2011. Modelling the state and efficiency of reproduction of fixed assets of industrial enterprises. Journal of ZHDTU, 1(55): 205-210.
[10] Kindratska, H.I., Biblyk, M.S., and Zahorodnii, A.H. 2008. Economic analysis. Magnolia.
[11] Kostruba, A.V. 2018. Theoretical understanding of the system of legal forms of protection of corporate relations. Journal of the National Academy of Legal Sciences of Ukraine, 25(1): 97-119.
[12] Kovalchuk, M.I. 2005. Economic analysis of activity of enterprises of agroindustrial complex. KNEU, Kyiv, Ukraine. (in Russian)
[13] Kovalov, V.V., and Volkova, O.N. 2002. Analysis of economic activity of the enterprise. Moscow: OOO TK Velbi (in Russian).
[14] Kryk, B. 2017. Realization of the social goals of the Europe 2020 strategy in the countries of the former eastern bloc. Public Policy and Administration, 16(4): 616-627.
[15] Leshchynskyi, O.L., Riazantseva, V.V., and Yunkova, O.O. 2003. Econometrics. Tutorial, MAUP, Kyiv, Ukraine, 208 p.
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[17] Markhonos, S.M., and Turlo, N.P. 2017. Analysis of the current state and financial support for the development of the hotel industry of Ukraine. Scientific Herald of Uzhhorod National University, 14(2): 35-39.
[18] Marynych, I.A., and Kot, O.V. 2010. The value of the process of reproduction of fixed assets of enterprises in improving the efficiency of their use. Scientific Herald of NLTU of Ukraine, 20(3): 175-179.
[19] Mikhalina, L.M. 2014. Economics of tourism enterprises. YuurGU.
[20] Mnykh, V., and Burjak, P.Ju. 2003. Economic analysis, Centr navchaljnoji literatury, Kiyv, Ukraine. (in Russian)
[21] Patra, S.K. 2018. Intersubjectivity world of virtual reality: Facebook users behaviour in the context of privacy, self and identity. Media Watch, 9(2): 182-193.
[22] Podtserkovny, O.P. 2018. The experience of specialization of economic (commercial) jurisdiction in Ukraine and western countries. Journal of the National Academy of Legal Sciences of Ukraine, 25(1): 146-161.
[23] Prodanova, N.A., Smolentsev, V.M., Norkina, A.N., Shukshina, Y.A., and Polyanskaya, O.A. 2017. Formation of system of internal control and features its functioning in the innovative development of industrial enterprises. International Journal of Applied Business and Economic Research, 15(13): 179-189.
[24] Pysarenko, B.A., Protsenko, N.B., and Pysarenko, A.B. 2012. Analysis of the impact of capital productivity on profit and profitability indicators. Bulletin of Economic Sciences of Ukraine, 1: 127-130.
[25] Reardon, J., Hasty, R., and Coe, B. 1996. The effects of information technology on productivity in retailing. Journal of Retailing, 72(4): 445-461.
[26] Seitova, S., Smagulov, Y., Khaimuldanov, Y., Adilbaeva, A., Tulymshakova, G., and Abdykarimova, A. 2018. Methodological requirements for the arrangement of independent work on neuro-linguistic programming techniques for mathematical disciplines at the university. Periodico Tche Quimica, 15(30): 330-337.
[27] Shabelnikova, E. 2013. The state and the prospects of the innovative processes development at the domestic enterprises. Skhid, 4(124): 109-114.
[28] Shaposhnikov, Y.A., Druzyanova, V.P., Kokieva, G.E., Nifontov, K.R., and Sidorov, M.N. 2018. The increasing of work efficiency of mixing machines. Periodico Tche Quimica, 15(1): 67-76.
[29] Sheremet, A.D., and Saifuin, V. 2001. Methods of financial analysis. Infra-M.
[30] Yakovlev, G.A. 2004. Tourism economics and statistics. FDP Publishing House.
*** State Statistics Service of Ukraine. 2018. Activity of Economic Entities in Ukraine in 2017. Available at: http://www.ukrstat.gov.ua//.
Published
2019-12-31
How to Cite
LUCHYK, Svitlana D. et al.
Development of an Automated Model for Evaluating the Reproduction of Fixed Assets of the Enterprises of Hotel Industry.
Journal of Environmental Management and Tourism, [S.l.], v. 10, n. 6, p. 1322-1330, dec. 2019.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/4207>. Date accessed: 16 apr. 2024.
doi: https://doi.org/10.14505//jemt.v10.6(38).14.
Section
Article
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.