MODEL OF FORMATION OF INSURANCE STOCK OF MATERIAL RESOURCES OF ENTERPRISES OF CHEMICAL INDUSTRY
Determining the size of the insurance stock of material resources is a major problem in the management of stocks at chemical industry enterprises. The continuous nature of production dictates the need for an insurance stock of materials, the volume of which must be sufficient to ensure the smooth functioning of the production process. It is established that for the production of chemical products, the main risks that cause a violation of the production process are a change in consumption volumes, time (interval) of delivery and volume of consignments, as well as contract prices. In this connection, a model of the insurance stock of material resources has been developed to compensate for these risks when they arise. Evaluation of the effectiveness of the developed model of the insurance stock of material resources was carried out on the example of the largest chemical enterprise in the Republic of Belarus JSC "Grodno Azot" (branch "Plant Khimvolokno"). The economic efficiency of the proposed model is confirmed by the reduction in the current stock and the release of funds invested in reserves by the stock items under analysis.