Building an automated model to analyze and forecast the financial position of oil production enterprises
Author(s) -
Ahmed Abd Zaid Abedi
Publication year - 2020
Publication title -
economic analysis theory and practice
Language(s) - English
Resource type - Journals
eISSN - 2311-8725
pISSN - 2073-039X
DOI - 10.24891/ea.19.8.1551
Subject(s) - production (economics) , computer science , finance , position (finance) , oil production , appeal , financial modeling , financial analysis , business , operations research , economics , engineering , microeconomics , political science , law , petroleum engineering
Subject. The article addresses the need for creating an automated model to analyze and forecast the financial condition of oil production companies.Objectives. I consider a uniquely designed automated model, provide the rationale for the choice of programming environment, describe the algorithm and the content of the computer program.Methods. The study draws on methods of logical and statistical analysis.Results. The developed prototype of the automated model of integrated analysis and forecasting of oil production enterprises’ financial status is a good basis for creating a full-fledged commercial system of oil production business.Conclusions. The new automated model provides an opportunity to analyze the financial condition of an oil production company, identify its financial difficulties, examine its financial appeal, predict its financial condition within almost any time interval, determine ways to overcome financial difficulties.
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