Mathematical Model of Economical Assessment of Investments in Information Provision for the Management System of a Modern Company

• Main Authors: Korablev A.V., Petrushova M.V., Pogorelova E.V., Abrosimov A.G.
• Format: Article
• Language: English
• Published: EDP Sciences 2019-01-01
• Series: SHS Web of Conferences
• Subjects: management system; information provision; information flow; performance indicator
• Online Access: https://www.shs-conferences.org/articles/shsconf/pdf/2019/03/shsconf_pedtp2018_11002.pdf

Information provision for a company’s management system not only provides data for evaluating day-to-day operations but also is an efficient tool for improving the reliability of the entire management system. For purposes of efficiently managing projects for implementing modern information provision, the company should design a formalized model for assessing the relationship between project-related financial costs and the number of automated business processes in place at the company. This paper proposes using a mathematical model that contains financial indicators such as net present value, cash flows, and discount rates. Thanks to lower investment risks, the model will improve the economic efficiency of investment projects as part of implementing information provision at the company.