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Elaboration of balance-optimization in economic and mathematical model of development of a large municipal unit: Real experience

Author

Listed:
  • Novoselov, Alexander
  • Kovalev, Alexey
  • Gaiduk, Egor
  • Mkrtchyan, Gagik

Abstract

The objective of the study is to develop a balance-optimizing economic and mathematical model which enables predicting steady and sustainable development of a large municipal unit. Using the method of dynamic programming introduced by Richard Bellman, the authors worked out the economic and mathematical model for optimizing the key indicators of soсial and economic development of a municipal unit. The model used and predicted indicators included in the list of the key performance indicators of municipal unit authorities. There is an analysis of the results of applying the model for a large municipal unit - Novosibirsk. The calculations made by the authors indicate that the model may work with actual economic information and may be used for predicting and making managerial decisions at a municipal level.

Suggested Citation

  • Novoselov, Alexander & Kovalev, Alexey & Gaiduk, Egor & Mkrtchyan, Gagik, 2019. "Elaboration of balance-optimization in economic and mathematical model of development of a large municipal unit: Real experience," MPRA Paper 111314, University Library of Munich, Germany, revised 02 Dec 2019.
    • Handle: RePEc:pra:mprapa:111314
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    File URL: https://mpra.ub.uni-muenchen.de/111314/2/MPRA_paper_111314.pdf
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    More about this item

    Keywords

    modelling; forecasting; strategic planning; management; municipal unit;
    All these keywords.

    JEL classification:

    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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