Open AccessDevelopment of Coal Industry as a Resource and Raw Material Base of the Region
Author(s) -
R. G. Zaitsev,
M. M. Afanasev,
Maria A. Komissarova
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/272/3/032196
Subject(s) - process (computing) , coal , investment (military) , context (archaeology) , resource (disambiguation) , business , production (economics) , industrial organization , raw material , coal mining , value (mathematics) , environmental economics , computer science , economics , engineering , microeconomics , paleontology , machine learning , politics , law , political science , biology , operating system , waste management , computer network , chemistry , organic chemistry
Sector-specific issues of coal industry and its place in the regional economic system are defined in the context of utility theory since for any region it is important to balance the subjective and objective development priorities while implementing the investment process in the development of particular industries’ production companies. Structural logical concept of the development strategy choice for coal mining enterprises is based on their expected utility or their results value taking into account the interests of all participants in the process and considering the needs to integrate the development priorities of the industry and the region as the resources and raw materials base. Strategy development process for successful operation and effective development of coal mining enterprises is offered to be implemented in accordance with Markov chains theory presented in the article. The methodology described provides more efficient use of the enterprise innovative potential consistent with their industry specifics.