Theoretical approaches to the reproduction of the fixed assets of industrial enterprises

The process of reproduction of fixed assets is of great significance to industrial enterprises. Currently, scientific literature contains various viewpoints on the definition of the categories of “fixed assets†and “reproduction†. Moreover, the peculiarities of the stages of reproduction cycle in the industrial sphere are not disclosed in proper detail. The purpose of the study is to analyze and systematize theoretical approaches to the content of the conceptual apparatus of the problem of reproduction of fixed assets with the consideration of the specificity of the stages of the process at the industrial enterprises. The object of the study is the process of reproduction of fixed assets of industrial enterprises. The research is based on the combination of general scientific and special methods which were applied to ensure the reliability and objectivity of the research results. During the research the authors used methods of comparative analysis, generalization, systematization, analysis and synthesis, and grouping. As the result of theoretical overview of the categories of “fixed assets†, “reproduction†, “reproduction of fixed assets†the authors suggest the definition of the “reproduction of fixed assets of industrial enterprises†concept which is connected with the basic peculiarities of the stages of the reproduction cycle and the ways of their implementation at the industrial enterprises. Comprehension of the basic characteristics of fixed assets and the mechanism of their reproduction are crucial for making managerial decisions which is especially important for planning production processes in the conditions of reindustrialization, import substitution and growing sanction pressure on the Russian economy. A perspective direction for further studies is development of detailed recommendations on realization of the stages of the reproduction cycle at the industrial enterprises under the current conditions.