Cost valuation of special food products safety and quality integrated management systems

Authors

DOI:

https://doi.org/10.15587/1729-4061.2023.293069

Keywords:

cost estimation, integrated safety and quality management systems, special food products

Abstract

In order to guarantee the appropriate level of safety and quality of food products, integrated management systems are now actively used. To prevent the emergence of economic problems, to understand the financial value of all the organization's assets, it is important to assess their value, in particular, management systems. Integrated safety and quality management systems of special food products are defined as the object of the research. Their implementation makes it possible to ensure compliance with legislation, increase consumer satisfaction, and business excellence.

The main international act regulating methodological aspects of assessment is the International Valuations Standards (IVS). It defines the terminology, procedure of organization, assessment, approaches, methods, reporting of results. It was established that when evaluating integrated management systems, it is recommended to use a cost approach. This is justified by the need to determine the amount of funds to ensure compliance with legislation, meeting the needs of consumers and stakeholders. It is appropriate to use methods of reproduction and substitution. The cost of the mentioned systems of the organization was determined by the method of reproduction, which as of the beginning of October 2023 amounted to UAH 167.6 thousand and UAH 34.7 thousand, respectively.

Recommendations for estimating the cost of integrated management systems have been devised. Their main content is the need to take into account the level of changes in the market rate of the currency, in which the value is estimated, the coefficient of moral aging, based on the service life. Their consideration made it possible to estimate the cost of the investigated systems at UAH 144.6 thousand and UAH 30.0 thousand, respectively. This could contribute to more effective management of the organization's resources, investment in financial management systems

Author Biographies

Anatolii Mazaraki, State University of Trade and Economics

Doctor of Economic Sciences, Professor

Department of Trade Entrepreneurship and Logistics

Natalia Prіtulska, State University of Trade and Economics

Doctor of Technical Sciences, Professor

Department of Commodity Science, Safety and Quality Management

Sergey Aslanyan, Ukrainian Military Medical Academy

Doctor of Medical Sciences, Associate Professor

Department of Military Surgery

Dmytro Antiushko, State University of Trade and Economics

PhD, Associate Professor

Department of Commodity Science, Safety and Quality Management

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Cost valuation of special food products safety and quality integrated management systems

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Published

2023-12-28

How to Cite

Mazaraki, A., Prіtulska N., Aslanyan, S., & Antiushko, D. (2023). Cost valuation of special food products safety and quality integrated management systems. Eastern-European Journal of Enterprise Technologies, 6(11 (126), 92–102. https://doi.org/10.15587/1729-4061.2023.293069

Issue

Vol. 6 No. 11 (126) (2023): Technology and Equipment of Food Production

Section

Technology and Equipment of Food Production

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Copyright (c) 2023 Anatolii Mazaraki, Natalia Prіtulska, Sergey Aslanyan, Dmytro Antiushko

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