Algorithm of informative indicators system formation for development of business management tools

Abstract

Abstract The aim of the work is to improve the management decision – making tools based on informative indicators for organizations. To form a system of informative indicators the authors propose using the following methods. These are the assessment of the uniformity degree of empirical data for each indicator, the analysis and elimination of multicollinearity of indicators based on the matrix of paired correlation coefficients, the integrated assessment of the potential of the object of study using a set of indicators. A distinctive feature of this approach was the construction of a potential function that allows you to design a multidimensional object on a geometric plane. In that case, while forming a system of indicators, some indicators will be excluded taking into account their multicollinearity and weights in the potential function. The advantage of the proposed algorithm is using less expert assessments in scientific research.