A systematic approach to reducing the cost of production of the Russian mineral resource complex

Abstract

The article is devoted to the study of one of the most important economic categories – the cost of production, which is of great importance for the mineral resource complex and the national economy of Russia. The economic content of the cost of production, the concept of costs and expenses in regulatory documents, and their significant differences are revealed. The role of cost in determining a reliable financial result of enterprises' activities and a step-by-step algorithm for generating a financial result are shown. The content of the cost calculation methods currently in operation at enterprises is described, their comparative analysis is performed, advantages and disadvantages are identified, and the possibilities of application at enterprises of the mineral resource complex are identified. The interrelation of cost with demand, competitiveness of products and with the pricing of products of the basic sectors of the economy, for which this dependence is especially relevant, is shown. The factors of cost reduction, the role of innovative technologies are analyzed, and examples of such solutions for enterprises of the mineral resource complex are given. The main methods of reducing current costs are shown, indicating the optimal cases of their use.