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Ways of Performance Improvement in Petrochemical Enterprise

Author

Listed:
  • L. B. Sungatullina*

    (Kazan Federal University, Russia)

  • A. Y. Sokolov

    (Kazan Federal University, Russia)

  • D. G. Yankovskaya

    (Kazan Federal University, Russia)

  • T. V. Elsukova

    (Kazan Federal University, Russia)

  • E. I .Kadochnikova

    (Kazan Federal University, Russia)

Abstract

The paper considers the problems of performance improvement in petrochemical enterprises. The possibilities of applying financial mathematics methods to assess the personnel efficiency are explored. The theoretical aspects of lean production which affect the growth of personnel efficiency are studied and practical measures for their implementation are developed. Economic calculations have been made and the change in sales revenue, net profit, net present value due to the introduction of elements of lean manufacturing in the petrochemical industry is assessed. Practical-oriented approaches to the differentiation of ways which determine the companies’ performance and serve as the basis for management decisions are formulated.

Suggested Citation

  • L. B. Sungatullina* & A. Y. Sokolov & D. G. Yankovskaya & T. V. Elsukova & E. I .Kadochnikova, 2018. "Ways of Performance Improvement in Petrochemical Enterprise," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 345-349:5.
    • Handle: RePEc:arp:tjssrr:2018:p:345-349
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    References listed on IDEAS

    as
    1. Hartley, Peter & Medlock III, Kenneth B., 2008. "A model of the operation and development of a National Oil Company," Energy Economics, Elsevier, vol. 30(5), pages 2459-2485, September.
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    Cited by:

    1. L. B. Sungatullina & E. I. Kadochnikova & G. R. Faizrahmanova, 2020. "Modeling the Effectiveness of Employee Compensation Based on Financial Resources," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(6), pages 63-72, December.

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