MODELLING OF THE APPLICATION OF URGENT INVESTMENT TOOLS OF ENTERPRISE ANTI-CRISIS MANAGEMENT

The application of various measures for anti-crisis management is necessary for enterprises to overcome the financial and economic crisis. An important place among these measures is occupied by those that involve the use of urgent investment instruments. However, introducing such tools in the activities of enterprises requires a preliminary assessment of the consequences of their use. The purpose of this article is to build models for the use of urgent investment tools of enterprise anti-crisis management. The use of these tools by a number of domestic enterprises is analyzed. It is established that among the enterprises that have overcome the financial and economic crisis, the share of those firms that have used urgent investment tools of anti-crisis management is much higher than among those enterprises that have not been able to overcome this crisis. There are two main ways to use urgent investment tools of enterprise anti-crisis management. The first method involves investing in order to fully, or partially cover the existing debt obligations of enterprises, in particular, their bank loans. The second method involves investing in the implementation of profitable investment projects at enterprises. However, if companies have debt obligations, these obligations can be repaid in full or partially at the expense of profit from such projects, which will be accumulated at the time of debt repayment. Modelling of each of these two ways of application of urgent investment tools of anti-crisis management of enterprises is carried out. The economic-mathematical model of optimization of the process of application of urgent investment tools of enterprise anti-crisis management is constructed. This model includes a target function, which is the total discounted amount of the company's profit after the repayment of the loan, as well as two restrictions. The first is the restriction on the amount of the accumulated amount of funds required to repay the loans taken by the company. The second restriction concerns the share of the capital of the current owners of the firm, which will be accumulated at a discount rate, in the total amount of this capital. The proposed model allows us to increase the validity of the use of urgent investment tools of anti-crisis management at enterprises.