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Modeling of the environmental risk management system of agroholdings considering the sustainable development values

Author

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  • Sumets, Alexander
  • Tyrkalo, Yuriy
  • Popovych, Nataliia
  • Poliakova, Juliia
  • Krupin, Vitaliy

Abstract

Purpose. The purpose of the study is to improve the methodological approach to modeling the power set of the environmental risk management system of enterprises that are part of agricultural holdings taking into account the sustainable development values. To achieve this goal, the components of the environmental risk management system of agroholdings are identified; the types and nature of connections between the components of the environmental risk management system and the sustainable development values are substantiated; the power set is built. Methodology / approach. Methods of systematization, induction and deduction, as well as structural-process scientific approach were used to identify components of environmental risk management systems of agroholdings. The rules of logic and the provisions of set theory were used to argue that the environmental risk management systems of agroholdings should be formed as a power set. The method of expert assessments was used to prove the fact that the recognition of the values of sustainable development in the practice of management of agroholdings leads to positive socio-economic effects (by surveying 34 managers at different levels of management). Results. The components of environmental risk management systems that should be in enterprises that are part of agroholdings are identified. It is argued that environmental risk management systems of agroholdings should be formed as a power set. Empirical data show that the recognition of the values of sustainable development in the practice of management of agroholdings leads to positive socio-economic effects. Originality / scientific novelty. The methodological approach to modeling the power set of the environmental risk management system of agroholdings in the system of sustainable development values has been improved. It is based on the use of tools for the provisions of set theory and makes it possible to causally provide functional interaction between all structural components of the environmental risk management system. The methodological approach allows optimizing of environmental risk management. As a result, the decisions will reduce conflicts of interest between agroholdings and society. Practical value / implications. The practical value of applying an improved methodological approach involves the possibility of its use by agroholdings to make decisions to reduce environmental risks. Adherence to the values of sustainable development in environmental risk management provides positive effects and reduces conflicts of interest between agroholdings and society. Therefore, the improved methodological approach has good prospects for practical application. This was practically proved on the basis of empirical data of A.G.R. Group, Agrotis, Agrotrade, AP Group, ASTARTA-Kyiv, Agroprodservice, Agroton, ATK, Western Bug, MPR, PAEK, Ristone Holding, SVAROG, Ukrprominvest AGRO, HARVEAST.

Suggested Citation

  • Sumets, Alexander & Tyrkalo, Yuriy & Popovych, Nataliia & Poliakova, Juliia & Krupin, Vitaliy, 2022. "Modeling of the environmental risk management system of agroholdings considering the sustainable development values," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 8(4), December.
  • Handle: RePEc:ags:areint:330359
    DOI: 10.22004/ag.econ.330359
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    References listed on IDEAS

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    1. Yuanzhi Guo & Jieyong Wang, 2021. "Spatiotemporal Changes of Chemical Fertilizer Application and Its Environmental Risks in China from 2000 to 2019," IJERPH, MDPI, vol. 18(22), pages 1-14, November.
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    3. Sumets, Alexander & Kniaz, Sviatoslav & Heorhiadi, Nelli & Farat, Olexandra & Skrynkovskyy, Ruslan & Martyniuk, Volodymyr, 2021. "Methodical approach to the selection of options for ensuring competitiveness of enterprises in the system of development of agricultural clusters," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 7(01), March.
    4. Davide Settembre-Blundo & Rocío González-Sánchez & Sonia Medina-Salgado & Fernando E. García-Muiña, 2021. "Flexibility and Resilience in Corporate Decision Making: A New Sustainability-Based Risk Management System in Uncertain Times," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(2), pages 107-132, December.
    5. Natalia Semenova, 2021. "Management control systems in response to social and environmental risk in large Nordic companies," International Journal of Corporate Social Responsibility, Springer, vol. 6(1), pages 1-11, December.
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    2. Sumets, Alexander & Heorhiadi, Nelli & Tyrkalo, Yuriy & Vilhutska, Roksolana & Pylypenko, Iov, 2023. "Modeling of the information system for agribusiness management entities," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 9(2), June.

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