Making Management Decisions Based on Value Criteria When Developing Programs for Energy-Intensive Enterprises
Ivan Trifonov1, Natalya Cherepovskaya2, Pavel Trifonov3, Irina Korneeva4, Andrey Ksenofontov5
1Ivan Trifonov, Financial University Under the Government of the Russian Federation, Department of Management, Moscow, Russia.
2Natalya Cherepovskaya, Financial University Under the Government of the Russian Federation, Department of Management, Moscow, Russia.
3Pavel Trifonov, Financial University Under the Government of the Russian Federation, Department of Management, Moscow, Russia.
4Irina Korneeva, Financial University Under the Government of the Russian Federation, Department of Management, Moscow, Russia.
5Andrey Ksenofontov, Financial University Under the Government of the Russian Federation, Department of Management, Moscow, Russia.
Manuscript received on 05 April 2019 | Revised Manuscript received on 13 May 2019 | Manuscript published on 30 May 2019 | PP: 2154-2160 | Volume-8 Issue-1, May 2019 | Retrieval Number: A1928058119/19©BEIESP
Open Access | Ethics and Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The paper presents the solution of an actual scientific and applied problem related to ensuring the efficiency of management decision making when developing programs of energy-intensive enterprises and solving the contradiction when the projects results are estimated by the interested parties, taking into account the limited resources of the enterprise. The purpose of this article is to develop project practices on improving the feasibility of management decisions when implementing a program of energy-intensive enterprises, taking into account the use of value criteria from the point of view of the interested parties as compared to the expected results of projects, resource limits. However, it is necessary to measure how a certain project contributes to achieving a program goal. Therefore, in the article the list of project value criteria was transformed into an absolute measurement scale. This allowed estimating each alternative project when developing a program to minimize the consumption of the fuel and energy resources required for the production (provision of services) of definite quality, taking into account the satisfaction of the interested parties and limited resources of the enterprise, and risk factors. Within the existing production, as a rule, mixed design decisions on investments in various production areas of the enterprise are made. During the study, the following research methods were applied: questioning, system analysis, and theory of sets. The study has resulted in revealing that most problems when implementing the energy saving strategy are associated with a low estimation of customer satisfaction (values from the point of view of the interested parties). This estimation ranges from 57.81 to 66.41, which, in turn, is a prerequisite for using value-based management when developing programs of energy-intensive enterprises.
Index Terms: Project Management, Program Development, Management Decision Making, Value Criteria.
Scope of the Article: Disaster Management