Lviv Polytechnic National University
Lviv Polytechnic National University

The mechanism of diagnosing the economic decisions making of business entities is
developed and justified. Based on research of theoretical provisions, authors proved economic
decision making is determining condition of economic activity and require delement of the
process of realizing the physical impact on resources through the transformation of which such
activityis carried out. Economic decisions are made directly by business entity that carries out
the activity, independently conducts economic operations, enters into contractual, property
and financial relations on its own behalf.
The authors affirm that significant differences in the choice of criterion for justifying and
evaluating activity of business entities are observed when choosing different time periods of
analysis. On the basis of generalization of theoretical positions, authors distinguish by the
period of coverage different time processes that relate to different cycles of activity of business
entities: investment, production and the financial support cycle.
The content and parameters of such cycles are conditioned by specifics of the production
process, organizational and law and sectoral peculiarities of the activity of business entities and
the range of tasks that are solved in the process of economic decisions making.
With considering above assumptions, an economic and mathematical model is developed
for tactical planning and justification of the sphere and directions of the economic formation
activity to optimize return of available resources.
The implementation of operations of the financial support cycle of economic formation,
as authors claim, aims to cover current needs in financial resources for uninterrupted flow of
production and sales of goods, services. The structure and total amount of mobilization of
financial resources of economic formation is a determining criterion in conducting operations
of production and investment activitу cycles. The level of resource provision and optimization
of the cost of their mobilization through the use of various alternative market sources
arestarting elements in the adoption and implementation of economic decisions.
The efficiency of justification for the adoption and implementation of economic decisions
of investment cycle is ensuredby a comprehensive and objective justification of it, including the
use of proposed toolkit. The proposed approach to justification of economic decisions of the
investment cycle allows the business entity to specify tasks and criteria for their solution
throughevaluation and formation of an optimal structure of invested capital.
The methodical and scientific-applied developments of the authors have been approved
in the activities of machinebuilding enterprises, in particular, LLC «ElectronpobutpryladPlant», PJSC «Lviv Locomotive Repair Plant», RPE LLC «Elektroprylad».
The using of research results by economic entities in machinebuilding will improve the
quality of management and using of economic potential, the cost of capital

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