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Application of Optimisation Models for Planning Expenditures of a Production Enterprise

Author

Listed:
  • Yevstrat Dmytro I.

    () (V. N. Karazin Kharkiv National University)

  • Prykhodko Andriy O.

    () (V. N. Karazin Kharkiv National University)

Abstract

The article describes essence of planning of activity of a production enterprise, considers reasons of appearance of the problem of planning and analyses widespread methods of solution of this problem. It offers an imitation model, described by the system of differential equations, which reflects behaviour and interconnection of main financial indicators of a production enterprise and takes into account external investments, sets and solves the optimisation task and builds up the management model. The described method allows finding various optimal managerial decisions depending on the selected quality criterion and is a more flexible instrument than traditional methods of linear programming, methods of forecasting with the help of neural networks, fuzzy programming, dynamic models, described by systems of managed differential equations.

Suggested Citation

  • Yevstrat Dmytro I. & Prykhodko Andriy O., 2013. "Application of Optimisation Models for Planning Expenditures of a Production Enterprise," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 10, pages 102-106.
  • Handle: RePEc:idp:bizinf:y:2013:i:10:p:102_106
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    References listed on IDEAS

    as
    1. Villalonga, Belen & Amit, Raphael, 2006. "How do family ownership, control and management affect firm value?," Journal of Financial Economics, Elsevier, vol. 80(2), pages 385-417, May.
    2. Fama, Eugene F. & French, Kenneth R., 1997. "Industry costs of equity," Journal of Financial Economics, Elsevier, vol. 43(2), pages 153-193, February.
    3. Bates, Thomas W. & Becher, David A. & Lemmon, Michael L., 2008. "Board classification and managerial entrenchment: Evidence from the market for corporate control," Journal of Financial Economics, Elsevier, vol. 87(3), pages 656-677, March.
    4. Gerald T. Garvey & Gordon Hanka, 1999. "Capital Structure and Corporate Control: The Effect of Antitakeover Statutes on Firm Leverage," Journal of Finance, American Finance Association, vol. 54(2), pages 519-546, April.
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