Kuzmenko Olha

Head of the Department of Economic Cybernetics

Scientific degree: Doctor of Economics (2016, specialty 08.00.11 - mathematical methods, models and information technologies in economics)

Academic status: Professor of Economic Cybernetics Department (2019)

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +380542665037
Office K2-222, Petropavlivska street, 57, Sumy, Ukraine

Main disciplines: Econometrics and business analytics, Business Analytics.

Research interests: 

  • modeling of economic processes (optimization methods and models);
  • construction and research of dynamic econometric models;
  • digitalization of the public sector, social and economic relations;
  • stability and sustainability of socio-economic systems;
  • influence of state policy on socio-economic development;
  • economic security and the fight against corruption;
  • actuarial calculations;
  • formation and development of insurance and reinsurance markets;
  • financial monitoring in banks.

Education and work experience

2006 - master's diploma on a speciality "Economic Cybernetics", Ukrainian Academy banking, thesis: "Economic-mathematical modeling of Ukrainian banks reliability ratings".

2006-2008 - graduate associate of Department of Economic Cybernetics, State Higher Educational Institution "Ukrainian Academy of Banking of the National Bank of Ukraine".

2008-2009 – assistant of Department of Economic Cybernetics, State Higher Educational Institution "Ukrainian Academy of Banking of the National Bank of Ukraine".

2009-2010 - head teacher of Department of Economic Cybernetics, State Higher Educational Institution "Ukrainian Academy of Banking of the National Bank of Ukraine".

2010-2015 - associate professor of Department of Economic Cybernetics, State Higher Educational Institution "Ukrainian Academy of Banking of the National Bank of Ukraine".

2015- current time - Head of Department of Economic Cybernetics, Educational and Research Institute of Business Technology "UABS" Sumy State University.

2016 – current time - Head of Scientific and Educational Center for Business Analytics.

2017 – current time - Chief Editor of the International Scientific Journal “SocioEconomic Challenges”.

Certificate of foreign language proficiency: English, B2

Other responsibilities

Head of Scientific and Educational Center for Business Analytics.

Chief Editor of the International Scientific Journal “SocioEconomic Challenges”.

Member of the Specialized Academic Council at Sumy State University, Member of the Specialized Academic Council at Simon Kuznets Kharkiv National University of Economics.

International programs and internships

International business conference for IT developers White Nights in 2020 (Amsterdam, Netherlands).

Participation in the academic mobility program in 2018. Purpose - teaching the course "Mathematical methods and models in management and marketing", University of Foggia (Foggia, Italy). Certificate

International Week in Central Banking 2017. Internship at the Deutsche Bundesbank, University of Applied Sciences (Hachenburg, Germany). Certificate

Participation in the project "Innovative University and Leadership in 2017. Phase III: Innovation and Relations with the Environment (Group: F - building a dynamic structure of relations with the main stakeholders of Ukrainian higher education) in Warsaw (based at the University of Warsaw) and Krakow (based on the Jagiellonian University) (Poland ). The project was supported by the Ministry of Science and Higher Education of Poland, the Ministry of Foreign Affairs of Poland, the Ministry of Education and Science of Ukraine and under the honorary patronage of the Foundation of Polish Rectors - Institute of the Knowledge Society. Certificate

Participation in the program of academic mobility in the form of advanced training within the Erasmus + 2015 Key Action 107 program, University of Bath Spa (Bath, England) in 2016. Certificate

Participation in the international project QUAERE: "Education Quality Assurance System in Ukraine: Development Based on European Standards and Recommendations" within the Erasmus + program "Development of Higher Education Capacity".

Participation in the Czech project of support the quality of education and scientific potential for Sumy universities "Strengthening the process of capacity building in the field of education and research quality in SNAU and SSU" with funding from the Czech Development Agency.

Research projects

"Cybersecurity in the fight against official fraud: consumer-protected services and increase of economic security of Ukraine" (№ d / r 0118U003574), 2018-2020, Project Manager.

Grant of the President of Ukraine for doctors of science for research on the competitive project "Development of a prototype of an automated module for financial monitoring of economic agents in the anti-money laundering direction " (№ d / r 0119U103189), 2019, Project Manager.

"Modeling and forecasting socio-economic and political road reform map in Ukraine for the transition to the model of modern business" (№ d / r 0118U003569), 2018-2020, leading executor.

"Improvement of the national system counteraction to the legalization of money laundering in the context of increasing the state financial and economic security " (№ d / r 0117U002251), 2017-2019, responsible executor.

Protected graduate students, doctoral students and applicants

Under the leadership of Kuzmenko O were defended 2 dissertations for the degree of Doctor of Economics:

Under the leadership of Kuzmenko O was defended 1 dissertation for the degree of Candidate of Economic Sciences / Doctor of Philosophy:

Pages in social networks and scientometric databases

Scientific, educational and methodical works

  1. Scopus
    • Kozmenko O. The analysis of insurance market structure and dynamics in Ukraine, Russia and European Insurance and Reinsurance Federation (CEA) member states / O. Kozmenko, O. Merenkova (Kuzmenko), A. Boyko // Problems and Perspectives in Management International Research. – 2009. – Volume 7, Issue 1. – Р. 29–39.
    • Kozmenko O. Forecasting of principal directions of Ukrainian insurance market development based on German insurance market indices / O. Kozmenko, O. Merenkova (Kuzmenko), A. Boyko, H. Kravchuk // Innovative Marketing. – 2009. – Volume 5, Issue 4. – P. 51–54.
    • Kozmenko O. The use of the Karno and Srackelberg models for the study of operational and marketing strategies in reinsurance companies’ behavior / O. Kozmenko, O. Merenkova (Kuzmenko) // Insurance Markets and Companies: Analyses and Actuarial Computations, 2010. – Volume 1, Issue 1. – Р. 23–26.
    • Kozmenko O. The modeling of equilibrium of the reinsurance markets in Germany, France and Ukraine: comparative characteristics / O. Kozmenko, O. Kuzmenko // Investment Management and Financial Innovations. – 2011. – Volume 8, Issue 2. – Р. 8–16.
    • Kozmenko O. The integration of the banking, insurance and reinsurance markets in Russia and Ukraine / O. Kozmenko, O. Kuzmenko // Banks and Bank Systems. – 2012. – Volume 7, Issue 3. – Р. 103–111.
    • Kozmenko O. Modeling the stability dynamics of Ukrainian banking system / O. Kozmenko, O. Kuzmenko // Banks and Bank Systems. – 2013. – Volume 8, Issue 2. – Р. 55–62.
    • Kuzmenko O. Methodological principles and formalization of the stability achievement process at the reinsurance market // Economic annals – XXI. – 2014 – № 3–4(2). – P. 63–66.
    • Kuzmenko O. Optimization of the risk level of net retention in the insurance market / O. Kuzmenko, A. Bozhenko // Ekonomichnyi Chasopys-XXI (Economic annals – XXI). – 2014. – № 11-12. - P. 76-79.
    • Kuzmenko, Olha and Kyrkach, Svitlana, The Use of Regression Analysis in the Financial Planning of Banks, Mathematical Formalization of the Stages of Financial Planning in Banks (December 13, 2014). Available at SSRN: https://ssrn.com/abstract=2537993 or http://dx.doi.org/10.2139/ssrn.2537993
    • Kuzmenko, O.V., Koibichuk, V.V. Econometric Modeling of the Influence of Relevant Indicators of Gender Policy on the Efficiency of a Banking System. Cybern Syst Anal 54, 687–695 (2018). https://doi.org/10.1007/s10559-018-0070-8
    • Kuzmenko, O.V., Koibichuk, V.V. (2018) Econometric Modeling of the Influence of Relevant Indicators of Gender Policy on the Efficiency of a Banking System. Cybernetics and Systems Analysis, 5, 3–12
    • Vasilyeva T., Kuzmenko O., Bozhenko V. and Kolotilina O. (2019) Assessment of the Dynamics of Bifurcation Transformations in the Economy. CEUR Workshop Proceedings 2422, pp. 134-146 URL: http://ceur-ws.org/Vol-2422/paper11.pdf
    • Brychko, M., Kuzmenko, O., Polách J., & Olejarz, T. (2019). Trust cycle of the finance sector and its determinants: The case of Ukraine. Journal of International Studies, 12(4), 300-324. doi:10.14254/2071-8330.2019/12-4/20
    • Bilan, Y., Кuzmenko, О., Boiko, A. Research on the impact of industry 4.0 on entrepreneurship in various countries worldwide. Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020.
  2. Web of Science
    • Berzin, P., Shyshkina, O., Kuzmenko, O., & Yarovenko, H. (2018). Innovations in the Risk Management of the Business Activity of Economic Agents. Marketing and Management of Innovations, 4, 221-233.
    • Kuzmenko, O. V.; Koibichuk, V. V. (2018) Еconometric modeling of the influence of relevant indicators of gender policy on the efficiency of a banking system. Cybernetics and Systems Analysis DOI: 10.1007/S10559-018-0070-8
    • Lyeonov, S., Кuzmenko, О., Yarovenko, H. & Dotsenko, T. (2019). The Innovative Approach to Increasing Cybersecurity of Transactions Through Counteraction to Money Laundering. Marketing and Management of Innovations, 3, 308-326. http://doi.org/10.21272/mmi.2019.3-24
    • Vasilyeva T., Kuzmenko O., Bozhenko V.and Kolotilina O.. Assessing the dynamics of bifurcation transformations in the economy. SHS Web of Conferences 65 (2019). URL: https://doi.org/10.1051/shsconf/20196504006
    • Bilan, Yuriy, Kuzmenko, Olha, Boiko, Anton (2019) Research on the Impact of Industry 4.0 on Entrepreneurship in Various Countries Worldwide. EDUCATION EXCELLENCE AND INNOVATION MANAGEMENT THROUGH VISION 2020. Р 2373-2384
  3. Scientific articles in professional journals
    • Kuzmenko O., Boiko A., Yarovenko H., Dotsenko T. (2019) Data mining-based assesselement of the risk of using financial intermediaries for money laundering. Efficient economy № 10, 2019 DOI: 10.32702/2307-2105.2019.1
  4. List of security documents for intellectual property rights
    • Certificate of copyright registration for the work № 94093 dated 19.11.2019 "Assessment of the risk of financial institutions using funds obtained illegally, using the principles of data mining" (authors: Kuzmenko OV, Boyko AO, Yarovenko G. M., Minenko SV).
    • Certificate of copyright registration for the work № 94422 dated 04.12.2019 "Intellectual and bifurcation analysis of the risk of financial institutions using funds obtained illegally" (authors: Kuzmenko OV, Leonov SV, Boyko AO).
    • Certificate of copyright registration for the work № 94423 dated 04.12.2019 "Innovative approach to improving the level of cybersecurity of transactions through the fight against money laundering" (authors: Leonov SV, Kuzmenko OV, Yarovenko GM, Dotsenko T. V.).