Formulating a strategy for the reproduction of fixed assets of an enterprise in modern conditions

Tanasiuk Iryna
PhD in Economics, Associate professor of the Department of Economics of the enterprise and business organization, Odesa National Economic University, Odesa, Ukraine, E-mail:tanasiuk08@gmail.com, ORCID ID: https://orcid.org/0000-0002-9262-4309

Cite this article:

Tanasiuk I. (2024) Formulating a strategy for the reproduction of fixed assets of an enterprise in modern conditions. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Formuvannia stratehii vidtvorennia osnovnykh zasobiv pidpryiemstva u suchansykh umovakh; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 5-6 (318-319), pp. 129-135.

Abstract

The aim of the study is to identify the features of the current state of fixed assets reproduction at the enterprise, highlight the main problems that led to the cessation of this process, and suggest directions for its activation.. The article was written using a systemic-analytical method; the grouping method was used to systematize factual data; the tabular method was utilized to present analytical information. The distinctive features of the reproduction process of fixed assets in Ukrainian enterprises have been identified. Specifically, the high degree of wear and tear of the main production assets, along with low renewal and disposal coefficients observed in recent years, indicate a complete halt in the reproduction process of fixed assets. It has been established that the lack of support for innovation activities at the state level is the primary cause of the disruption in the reproduction of fixed assets and the low activity of enterprises in updating them. This situation is further complicated by the decline in investment activity of enterprises, the lack of financial resources for innovative development, and the residual principle of financing the reproduction of fixed assets The feasibility of providing tax incentives and creating innovative infrastructure in the country for the renewal of enterprise fixed assets and stimulating their technical and technological development has been substantiated. Additionally, the necessity of developing a strategy for the reproduction of key industrial assets aimed at the implementation of new technologies, innovative developments, and the formation of new organizational systems for enterprises based on efficient, modernized production assets that meet current production development standards. The practical significance of the study lies in identifying directions for activating the process of fixed assets reproduction at the enterprise.

Keywords

fixed assets, reproduction of fixed assets, innovation activity, technical and technological development.

JEL classification: D240; M210; О100; O210; DOI: https://doi.org/10.32680/2409-9260-2024-5-6-318-319-129-135

UD classification: 658.27:005.51

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