Assessment of Financial Performance Indicators of Sustainable Development in Russian Organizations Using Fuzzy Sets Theory

Authors

Vasili Nesvetailov, University of Economics, Moscow, RussiaFollow
Tarik Hdeib, Plekahov Russian University of Economics, Moscow, RussiaFollow

Abstract

In practice, the analysis of sustainable development level of organizations can be carried out using different approaches. At the moment, there are more than twenty methods of numerical integrated assessment of the financial conditions of the organizations that can be indicated to the level of sustainable development. At the same time, such models are developed for economic conditions that are significantly different from those prevailing in Russia. Therefore, Russian organizations are faced with the task of choosing the optimal approach for evaluating sustainable development levels that are suitable with its economic conditions. One of these approaches is the assessment of the level of sustainable development of organizations using the Fuzzy sets theory; developed by L. Zadeh, which allows adequately and quickly analyze complex indicators that can lead to sustainable development of the organization. Therefore, the problem of using the fuzzy sets theory to assess sustainable development of Russian organizations is the basis of this article. The author notes that using the Fuzzy sets theory in relation with 11 financial indicators that are related to sustainable development will give objective results about the current condition of the organization and its potentials to achieve sustainable development in the future

Recommended Citation

Nesvetailov, Vasili and Hdeib, Tarik (2021) "Assessment of Financial Performance Indicators of Sustainable Development in Russian Organizations Using Fuzzy Sets Theory," Jerash for Research and Studies Journal مجلة جرش للبحوث والدراسات: Vol. 22: Iss. 1, Article 19.
Available at: https://digitalcommons.aaru.edu.jo/jpu/vol22/iss1/19