https://goodwoodpub.com/index.php/sepp <p>Studies in Economy and Public Policy (SEPP) is an academic journal that publishes original research papers, reviews, and case studies related to various issues in economy and public policy. Studies in Economy and Public Policy welcomes submissions of well-written manuscripts to be double-blind-peer reviewed and published periodically. Furthermore, Studies in Economy and Public Policy (SEPP) is aimed at providing a media to disseminate theoretical and practical knowledge in economy and public policy through scientific publication. In addition, this journal is published by Goodwood Publishing.</p> en-US Studies in Economy and Public Policy <p>Authors who publish with this journal agree to the following terms:</p> <ol> <li class="show">Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a&nbsp;<a href="http://creativecommons.org/licenses/by-sa/4.0/" target="_blank" rel="noopener">Creative Commons Attribution License (CC BY-SA 4.0)</a>&nbsp;that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.</li> <li class="show">Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.</li> <li class="show">Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.</li> </ol> https://goodwoodpub.com/index.php/sepp/article/view/2896 <p><strong>Purpose:</strong> This study investigates the criteria and indicators essential for determining the efficiency of small industrial enterprises, a sector crucial for sustainable economic development yet often underserved by traditional evaluation frameworks.</p> <p><strong>Research methodology:</strong> The research draws on existing synergistic efficiency frameworks, particularly those developed by Kondratiev et al. (2022), and integrates insights from production capacity modeling to propose a refined system of indicators suitable for small enterprises. Utilizing a mixed-method approach combining economic-mathematical modeling, statistical analysis, and case study evaluation, the study examines fluctuations in equipment utilization, labor productivity, and material efficiency over a thirty-year period.</p> <p><strong>Results:</strong> Results indicate that while material efficiency remains relatively stable, labor and equipment productivity are highly variable, reflecting inconsistencies in workforce management and capital utilization. These findings underscore the limitations of conventional metrics and the need for multidimensional models that incorporate internal and external performance drivers.</p> <p><strong>Contribution:</strong> This research contributes to the academic discourse by filling a gap in performance evaluation literature for small-scale industry and offers a foundation for future work in developing sector-specific benchmarking systems, performance dashboards, and policy instruments to support sustainable industrial growth.</p> <p><strong>Implication: </strong>The implications are significant: small enterprises require adaptive, real-time efficiency monitoring tools that are both theoretically sound and practically implementable.</p> Erkin Shavqiyev D. H. Davirova Copyright (c) 2025 Erkin Shavqiyev, D. H. Davirova https://creativecommons.org/licenses/by-sa/4.0 2025-05-14 2025-05-14 1 1 1 5