MODELING IN MANAGEMENT OF ECONOMIC SYSTEMS IN PROCESS PLANTS

  • O. Kravets

Abstract

The use of economic-mathematical apparatus, through the mathematical model construction of optimization of the sizes of the raw material base of processing enterprises is lighted in the article.

Economic efficiency of any enterprise depends on many factors, one of which is а quality management. The overall economic performance of the company largely depends on the efficiency, timeliness and quality of decision-making. One of the tools helping to solve these problems is the wide use of mathematical apparatus, which provides the opportunity not only to perform the necessary calculations, but also to systematize, justify and simulate the behavior of an object in a particular production situation. According to the analysis of research and publications, relevance of the question of creation economico-mathematical model of optimization of the sizes of the raw material base of processing enterprises is very important, therefore, we propose to create a mathematical model that would allow taking into account various economic factors, to predict the processing plants profit, according to one or another managerial decision.

 The implementation of an appropriate model will enable the management to determine the optimum amount of acreage that will provide the company, according to technological opportunities and market capacity, necessary raw materials for production; ensure the quality and timeliness of management decision making, through a systematic approach to the consideration of the most important factors affecting the efficiency of production; reduce the time spent on calculations, provided that a matrix of tasks and the use of modern software products; can be used to predict and compare the possibility of obtaining the optimum financial and economic performance results when changing macro and micro economic factors, influencing on economic efficiency of production.

Key words: modeling, economic-mathematical model, management, competition, economic efficiency, raw materials for processing products.

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Published
2020-09-08
How to Cite
Kravets, O. (2020). MODELING IN MANAGEMENT OF ECONOMIC SYSTEMS IN PROCESS PLANTS. Modern Problems of Modeling, (19), 95-101. https://doi.org/10.33842/22195203/2020/19/95/101