Modelling the Risk Management of Financial Investments by the Fisher Criterion in Public Administration
Larisa Rodchenko1, Oksana Volkova2, VasylKopytko3, MaksymTsutskiridze4, Iryna Ageieva5, OlenaNikoliuks6
1Larisa Rodchenko, Eastern European Slavic University, Uzhgorod, Ukraine
2Oksana Volkova, Department of Finances,Odessa National University of Economics, Odessa, Ukraine
3VasylKopytko, Dnipro National University of Railway Transport named after academician V. Lazaryan, Lviv branch, Lviv, Ukraine
4MaksymTsutskiridze, Department of Criminal Procedure, the National Academy of Internal Affairs, Kyiv, Ukraine
5Iryna Ageieva, Department of Management and Logistics, Odessa National Academy of Food Technologies, Odessa, Ukraine
6OlenaNikoliuk, Department of Management and Logistics, Odessa National Academy of Food Technologies, Odessa, Ukraine
Manuscript received on 30 June 2019 | Revised Manuscript received on 05 July 2019 | Manuscript published on 30 July 2019 | PP: 66-69 | Volume-8 Issue-9, July 2019 | Retrieval Number: I7478078919/19©BEIESP | DOI: 10.35940/ijitee.I7478.078919
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Industry 4.0 will fundamentally change the way of life, work and attitude towards each other; the role of public administration is increasing many times. The government should develop measures for implementation in enterprises as the well-being of the nation as a whole depends on the success of business structures. The activity of an enterprise in a market economy is characterized by a system of risks and uncertainties that arise due to the inability to evaluate the prospects of a market situation through functional dependence. The solution of this problem is based on statistical, mathematical methods of analysis, the use of which is simplified with the widespread use of computer technology ARM systems, etc. Authors in the article describe Top 5 global risks in 2019, according to the World Economic Forum, consider the investment risks and propose to calculate the effectiveness of financial investments using Fisher’s criterion.
Keywords: Risk, risk Management, Financial Investments, Fisher Criterion, Public Administration.
Scope of the Article: Simulation Optimization and Risk Management