Application Of The Harrington Function To Assess The Performance Of Oil And Gas Companies

DOI

10.2991/smtesm-19.2019.70How to use a DOI?

Keywords

performance, Harrington function, oil and gas company, integral indicator, optimization

Abstract

Modern development and functioning of socio-economic systems requires the introduction of new management methods aimed at preventing, preventing and overcoming crisis phenomena. This is precisely what necessitates and intensifies scientific research aimed at improving the methodology for diagnosing the effectiveness of activities, which involves applying a systematic approach to enterprise management. Measurement can be considered as a process of interaction of the measured and measuring system at a certain point of their state in the flow of time. The measurement is subject to all processes that are included in the flow of creating an additional cost. These are not only financial but also logistical, material, energy, information, marketing and other flows that represent the first system of commercial structure. In this structure, marketing flows are key, integrating, as they provide an opportunity to explore the causes and identify ways to improve market efficiency. To determine the integral indicator of the efficiency of the oil and gas industry, Harrington's desirability function is used, which allows modeling the process of coordinated behavior of individual subsystems of a single whole, taking into account the relationship and the influence between them. Instead of a simple comparison, system parameters are converted to numeric values, and then processed to get the overall system efficiency. The basis for constructing and prioritizing this generalized function is the transformation of the natural values of partial parameters of different physical entities and dimensions into a single dimensionless scale of desirability (advantage).

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Iryna Perevozova
AU  - Nadiia Daliak
AU  - Oksana Lisova
AU  - Dmitriy Naumov
PY  - 2019/09
DA  - 2019/09
TI  - Application Of The Harrington Function To Assess The Performance Of Oil And Gas Companies
BT  - Proceedings of the 6th International Conference on Strategies, Models and Technologies of Economic Systems Management (SMTESM 2019)
PB  - Atlantis Press
SP  - 359
EP  - 363
SN  - 2352-5428
UR  - https://doi.org/10.2991/smtesm-19.2019.70
DO  - 10.2991/smtesm-19.2019.70
ID  - Perevozova2019/09
ER  -