WSEAS Transactions on Environment and Development
Print ISSN: 1790-5079, E-ISSN: 2224-3496
Volume 17, 2021
Methodical Approaches to the Organization of Risk Management System for the Use of Electronic Payment Systems in Modern Conditions
Authors: ,
Abstract: The aim of the study is the formation of scientific and methodological aspects of the organization of the enterprise risk management system in modern conditions. Achievement of this goal is ensured by the use of tools of economic and mathematical modeling and parametric forecasting of financial indicators, taking into account risk factors. Functioning of enterprises in the minds of enhancing volatility and insignificance is unwise without an effective system and risk management. It is grounded, that the activity of the enterprises needs to be examined, as an integral system for reaching the strategic goals in the context of the elements of this system. Methods for the formulation of scientific-methodical ambushes, the organization of risk-management at the enterprises has been refined, the management system has been broken up with the use of innovative methods and tools in management, objects, subject of the system. The structural-logical block diagram of the control of the risers was grounded in the boundaries of which the groups of risks were formed: financial, operational, and functional. It has been brought to the point that the key tools for managing the representations of groups in the form of parametric economics and mathematics models. For the value of the significance of the risk factors and the efficiency of the financial inputs of the processes in the current minds, the extrapolation forecasting tools are stuck. Based on the analysis and assessment of key risk factors in Ukrainian banks, it has been brought to the attention that it is necessary to control the indicators of efficiency and sensitivity to the change of high rates and the change in the form of management of the system and the hour of development. The interrelation of the effective indicators of the efficiency of banks and the efficiency of financial inputs in the case of variations in the risk factors has been established. It is intended that, in order to ensure the efficiency of enterprises, it is necessary to establish all the risk factors and scenarios of their behavior for the future in the minds of continuous volatility.
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Keywords: strategic risk management, the likelihood of financial losses, modern payment instruments, electronic payment system, methodology for assessing enterprise risks in conditions of uncertainty
Pages: 1064-1075
DOI: 10.37394/232015.2021.17.99