The use of artificial neural networks in the risk management system of the enterprise


  • Андрій Денисов
  • Лариса Ричкова

Abstract

Abstract. The article is devoted to the study of possibilities and prospects of using artificial neural networks in the risk management system of the enterprise. Obstacles to the effective use of risk management tools in the activities of enterprises through objective and subjective factors are considered. In the study, the risk is considered as a possible adverse event that puts the object of management in an undesirable state. Based on the basic concepts and characteristics of artificial neural networks and the postulates of economic theory, the author draws conclusions about the possibilities, benefits and problems of various aspects of using models of artificial neural networks in making management decisions to assess risks and reduce their negative consequences. The article considers the features of risk situations in making managerial decisions in the intentional, expectorant, cognitive and functional subsystems of risk management. The principles, observance of which is necessary for the correct use of artificial neural networks in the preparation of management decisions and the accumulation of information about the level of potential risk, are highlighted. It is proved that the use of models of artificial neural networks will allow moving from traditional reactive management in response to risk events to proactive, which involves managerial influences on the causes of risks and indirectly on negative events and their consequences. It was found that in the case of too high a rate of external changes and a low rate of adaptation to them, there may be adverse consequences for the company in the form of destabilization of its activities. The conclusion from this is that the use of an artificial neural network in the risk management system will help to overcome the fragmentation of data available to the company, which, in turn, will increase the speed of management decision-making processes. The use of artificial neural networks gives companies certain advantages in terms of economic risk management by increasing the accuracy and subjectivity of management decisions, a more detailed study of processes and situations using a variety of analysis methods and a large number of algorithms.

Key words: artificial neural networks, enterprise, management decisions, risk

Published
2021-10-20
How to Cite
Денисов, А., & Ричкова, Л. (2021). The use of artificial neural networks in the risk management system of the enterprise. Adaptive Management: Theory and Practice. Series Economics, 11(22). https://doi.org/10.33296/2707-0654-11(22)-12
Section
10. Mathematical methods, models and information technologies in economics