MODELING OF ACTIVATION OF INNOVATIVE PROCESSES OF IRON ORE ENTERPRISE

Abstract

In the article the modeling of activation of innovative processes of iron ore enterprise on the example of PJSC “Arcelor Mittal Krivoy Rog” was carried out. The problems of using new technology and technology at the enterprise in conditions of intensive market transformations are considered. A methodology for estimating the contribution of intensive and extensive factors to the economic growth of an iron ore enterprise through the use of a two-factor production function has been developed. The calculation of the growth rates of capital-labor ratio and labor productivity, as well as an assessment of the level of intensification of innovative development of PJSC “ArcelorMittal Kryviy Rih”.