Development strategy
It is shown that the use of the industrial science capacity in order to accelerate the modernization of metallurgical production is appropriate in a variety of forms: from local scientific and technical developments on the improvement of existing technologies to large research projects funded by the principles of public-private partnership. The basic principles of financing and commercialization of the research project results based on public-private partnership have been suggested. The rational for the methods of evaluation of possible risks of non-receipt cash flow effect of scientific development compared with the projected levels based on the analytical approach has been set out.
From the beginning of the XXI century nonferrous metallurgy of thePeoplesRepublicofChinadeveloped with a rapid speed, what has allowedChinato turn into the largest manufacturer and consumer of nonferrous metals. The financial crisis all over the world has made less impact in China than in other countries. In China in 2009 production of nonferrous metals has increased. Stability of development in China in certain degree is guaranteed by taking off of the Program of industry reconstruction, according to which the large Chinese metallurgical companies have successfully done and continue to do some deals on M&A, therefore in China there have been formed some largest metallurgical corporations which give 33 % of gross output of the industry. So it is necessary to analyze the M&A process of these companies of nonferrous metallurgy in China on the experience of successful development of the Aluminum Corporation of China.
Existing techniques of forecasting of the steel-smelting capacities, based on use of the simplified approach to the account of new projects and leading to the overestimated forecasts are presented. It can become the reason of wrong strategic decisions in corporations as level of steel-smelting capacities in the world defines their loading which in turn significantly influences the metal products price. The technique, allowing to predict steel-smelting capacities on the basis of an estimation of probabilities of realisation of new projects is offered. The estimation of probabilities is based on the information on a current stage of realisation of the project, region of an arrangement and an economic condition.
Corporate management
The article is devoted to studying mathematical models which represent economic entitis mathematically, including company strategy. The authors suggest mathematical models of company strategy as the aggregate criteria to make managerial (strategic) decision.
In this article we will first consider one of directions to increase efficiency of using revolving fund and decreasing production costs by taking the outsoursing services of handlings. We will suggest methods of effectiveness estimation using outsoursing services at the enterprise.
Russia is the third largest producer of cast pig iron, and today ranks as one of the most important pig iron exporters. Tulachermet, OAO is the world’s leading producer of merchant pig iron, although still remains outperformed by some of its competitors in terms of technological innovation. Tulachermet’s mission is to significantly improve its competitiveness by developing cutting edge and cost effective technologies; reengineering and modernizing of blast-furnace plan.
In this article were described the content of conception «modernization» and the main preconditions of the use of innovation technologies in oil and gas complex of Russia. Also there were described the estimation methods of effectiveness of innovations. In capacity of innovations technologies are represent: GTL (by the example of Khanty-Mansijsk Autonomous District – Yugra) and BIMO (by the example of the Novosibirsk Region).
Корпоративные финансы
For efficient value based management it is necessary to estimate business value correctly. In this article are shown main nuances of business valuation in Russia. For business valuation of the closed joint-stock company were used two approaches: profitable and asset approaches. There are strengths and weaknesses of the business valuation methods.
In this work there are pointed problems which issuing authorities have while constructing the coin system, the links between these problems, also there are depicted different approaches for optimizing coin systems, found in the scientific literature (D-metric approach, the principle of «the least effort», the principle of «rational payments», Bouny and Houy approach for determining an optimal denomination structure). Also, authors offer their own approach for estimation of expenses of the issuing authority, related to the maintenance the coins in circulation depending on the technology of the coins.
Всемирные процессы и тенденции
This article explores modern trends in the regulation of the world market in services. The author distinguishes between different levels of regulation of international trade, provides a classification of barriers to trade in services, analyzes whether and how their liberalization is possible, outlines contradictions that arise between the advanced economies and countries with emerging markets. Particular attention is paid to the impact of the General Agreement on Trade in Services (GATS) on the globalization of international markets. Finally, the article reveals the degree of liberalization of various sectors and modes of service supply.
The following principal aspects of platinum world market development prospects were determined in this article: leading world producers of platinum, principle product application of platinum, production pricing structure, world structure of demand and supply for platinum, starting from 2007, platinum market development prospects till 2010.
ISSN 2413-662X (Online)