2020 (17), №3

Management of Subsoil Use During Uncertainty



For citation: 

Polyanskaya, I. G., & Yurak, V.V. (2020). Management of Subsoil Use During Uncertainty. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 17 (3), 679-693.


Subsoil use, which is one of the most conservative industries, is experiencing dramatic changes in the twenty-first century. Unfortunately, the speed of environmental transformations prevents mining companies around the world from efficiently adapting to the rapidly changing conditions. The uncertainty of external environment leads to situations when international industrial campaigns choose not to engage in long-term strategic planning. This step reflects the crisis of the theory and methodology of management, since the available methods of analysis and evaluation of systems with human participation do not give valid results. Decision-making problems, which can be broadly regarded as problems of analysis of complex systems, occupy an increasingly important place in modern science. The focus of this study is the theory and methodology of decision-making in the sphere of subsoil use management during uncertainty. As a result, the current challenges to subsoil use management are identified and methods of minimizing the risk of inefficient management practices and decision-making are described.

Irina Gennadievna Polyanskaya — PhD in Economics, Associate Professor, Economics and Management of National Economy, Head of Sector, Scientific Secretary, Institute of Economics of the Ural Branch of the Russian Academy of Science (Ekaterinburg, Russian Federation; e-mail: irina-pol2004@mail.ru).

Vera Vasilievna Yurak — PhD in Economics, Senior Researcher, Associate Professor of the Department of Economics and Management, Institute of Economics of the Ural Branch of the Russian Academy of Science; Ural State Mining University (Ekaterinburg, Russian Federation; e-mail: vera_yurak@mail.ru).