Economic justification of carrying out reproduction measures of transport construction objects of railway transport

Bobyl Volodymyr
Doctor of Economics, Professor, Head of Finance, Accounting and Psychology Department, Ukrainian State University of Science and Technologies, Ukraine, e-mail: vladimirbobyl2@gmail.com, ORCID ID: https://orcid.org/0000-0002-7306-3905

Martseniuk Larysa
Doctor of Economics, Professor of Economics and Management Department, Ukrainian State University of Science and Technologies, Ukraine, e-mail: rwinform1@ukr.net, ORCID ID: https://orcid.org/0000-0003-4121-8826

Pikulina Olena
PhD in Economics, Associate Professor of Finance, Accounting and Psychology Department, Ukrainian State University of Science and Technologies, Ukraine, e-mail: lena.chernovol1987@gmail.com, ORCID ID: https://orcid.org/0000-0003-4803-427X

Mishchenko Maksym
Doctor of Economics, Professor of Economics and Management Department, Ukrainian State University of Science and Technologies, Ukraine, e-mail: mmi@ua.fm, ORCID ID: https://orcid.org/0000-0003-0372-1957

Cite this article:

Bobyl, V., Martseniuk, L., Pikulina, O., Mishchenko, M. (2022). Economic justification of carrying out reproduction measures of transport construction objects of railway transport [Ekonomichne obhruntuvannia provedennia vidtvoriuvalnykh zakhodiv obiektiv transportnoho budivnytstva zaliznychnoho transportu], Socio-economic research bulletin, Vìsnik socìal’noekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 3-4 (82-83), pp. 19-29.

Abstract

The article investigates current trends in the economic justification of reproduction measures based on the economic efficiency of this process. The purpose of the article is research and economic substantiation of carrying out reproducible measures of transport infrastructure objects by enterprises of transport construction of railway transport in modern business conditions. Research methodology involves the use of the following methods: empirical research (comparison, observation), theoretical research (ascending from the abstract to the concrete), general scientific methods (abstraction and concretization, analysis and synthesis, induction and deduction, analogy), etc. The relevance of solving a scientific problem, determined in the article is that in conditions of comprehensive limitation of financial resources, incl. those that are allocated for the reproduction of transport construction objects, on one side, and the need to ensure uninterrupted operation of the transport system, from the other side, there was an urgent need for economic justification of carrying out reproduction measures of transport construction objects, which will also allow to attract the production capacities of transport enterprises construction, which are lost due to crisis phenomena in the national economy. The results of the study are as follows: an economic indicators of the wear and tear of structural elements of the transport construction facility, the coefficients of specific cost of the structural elements are determined. A calculation formula is proposed, according to which the economic indicators of wear and tear of individual structural parts of the transport construction object are determined. It is the level of wear and tear of the transport construction facility substantiated in this way that is a critical indicator that «triggers» the process of economic substantiation of carrying out reproducible measures of transport construction facilities. The originality and practical value of the research lies in the fact that the article systematizes the existing directions of economic justification, taking into account the specific features of the transport construction objects functioning. The conclusions of the study are as follows: it is shown that the economic justification of carrying out reproducible measures of transport construction objects allows to determine that investments in transport infrastructure can become a multiplicative catalyst for the launch of a new investment cycle and implementation of the current model of economic development. The results of the conducted research can be useful for transport construction enterprises, organizations on the balance sheet of which there are transport infrastructure objects.

Keywords

transport infrastructure; railway transport; transport construction enterprise; economic efficiency; cost price; competitiveness; organizational and economic mechanism; development.

JEL classification:D240; L920; R410; DOI: https://doi.org/10.33987/vsed.3-4(82-83).2022.19-29

UD classification: 338.47:656.2

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

References

1. Bezuglyi, A. O., Belska, O. L., Bibyk, Yu. M.,  Rakovych, I. V. (2020). Normative support for long-term contracts implementation on the operational maintenance of highways to ensure their operational condition [Normatyvne zabezpechennia zaprovadzhennia dovhostrokovykh kontraktiv na ekspluatatsiine utrymannia avtomobilnykh dorih dlia zabezpechennia yikh ekspluatatsiinoho stanu], Dorohy i mosty, Vyp. 22, s. 819 [in Ukrainian]
2. Bibyk, Yu. N. (2019). Peculiarities of the pricing system in the road construction of Ukraine [Osobennosti sistemy tsenoobrazovaniya v dorozhnom stroitelstve Ukrainy], Novaya ekonomika, Special issue No. 2, s. 105107 [in Russian]
3. Bibyk, Yu. M. (2016). Methodical foundations of financial support of the road and transport complex enterprises. Expanding the sources of funding for the road industry. Ed. by A. V. Basiluk et al. [Metodychni osnovy finansovoho zabezpechennia pidpryiemstv dorozhnio-transportnoho kompleksu. Rozshyrennia dzherel finansuvannia dorozhnioho hospodarstva; za red. A. V. Bazyliuk ta in.], Condor Publishing House, Kyiv, s. 147153 [in Ukrainian]
4. Bobyl, V. V., Dekhtyar, S. S. (2022). The specifics of the functioning of transport enterprises in conditions of financial instability [Spetsyfika funktsionuvannia pidpryiemstv transportu v umovakh finansovoi nestabilnosti], Efektyvna ekonomika, No. 5. Retrieved from: http://www.economy.nayka.com.ua/?op=1&z=10273 [in Ukrainian]
5. Zhulin, O. V. (2014). Financial provision of road enterprises in the conditions of financial decentralization [Finansove zabezpechennia pidpryiemstv dorozhnioho hospodarstva v umovakh finansovoi detsentralizatsii], Visnyk Natsionalnoho transportnoho universytetu, No. 30 (2), s. 5765 [in Ukrainian]
6. Kontseva, V. V., Pechonchyk, T. I. (2013). Financing the needs of the road industry of Ukraine: current state and ways to solve problems [Finansuvannia potreb dorozhnioi haluzi Ukrainy: suchasnyi stan ta shliakhy vyrishennia problem], Visnyk Natsionalnoho transportnoho universytetu, No. 28, s. 227232 [in Ukrainian]
7. Kuzmenko, A. V.,  Kharchenko, V. V. (2017). Price as an economic category: the procedure for establishing and pricing methods in the conditions of a modern market economy [Tsina yak ekonomichna katehoriia: poriadok vstanovlennia ta metody tsinoutvorennia v umovakh suchasnoi rynkovoi ekonomiky], Ekonomika i suspilstvo, Vyp. 13, s. 547552 [in Ukrainian]
8. Lyutyi, I. O.,  Yuvzhenko, N. M. (2019). Analysis of financing system of the road infrastructure of Ukraine [Analiz systemy finansuvannia dorozhnioi infrastruktury Ukrainy], Naukovi pratsi NDFI, Vyp. 3, s. 6675 [in Ukrainian]
9. Mashoshyna, T. V. (2014). The current state of the pricing system in construction and ways of its further improvement [Suchasnyi stan systemy tsinoutvorennia u budivnytstvi ta shliakhy yoho podalshoho udoskonalennia], Visnyk ekonomiky transportu i promyslovosti, No. 46, s. 178181 [in Ukrainian]
10. Nykyforuk, O. I.,  Chmyryova, L. Yu. (2014). Changing the road infrastructure financing model in Ukraine [Zmina modeli finansuvannia dorozhnioi infrastruktury v Ukraini], Ekonomika i prohnozuvannia, No. 4, s. 3856 [in Ukrainian]
11. Savchenko, O. V.,  Martsinko, D. V. (2018). Analysis of pricing methods and prospects for their application [Analiz metodiv tsinoutvorennia ta perspektyv yikh zastosuvannia], Visnyk Khmelnytskoho natsionalnoho universytetu, Ekonomichni nauky, No. 4, s. 304308 [in Ukrainian]
12. Khomenko, I. O., Gurnak, V. M.,  Volynets, L. M. (2018). Priority directions for increasing the financial stability of transport infrastructure enterprises of Ukraine [Priorytetni napriamky pidvyshchennia finansovoi stiikosti pidpryiemstv transportnoi infrastruktury Ukrainy], Finansovi doslidzhennia, No. 1 (4). Retrieved from: http://fr.stu.cn.ua/tmppdf/110.pdf [in Ukrainian]