International Scientific Conference 2016

THE PRIORITY DIRECTIONS OF NATIONAL ECONOMY DEVELOPMENT

MODELING OF ECONOMIC PROCESSES OF THE COMPANY’S OPERATION IN MODERN CONDITIONS

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Abstract:  The present economic conditions are characterized by dynamism and a considerable level of uncertainty. In these conditions, the efficiency of making administrative decisions comes to the foreground. One of the tendencies of improving the organization’s management in the present conditions is a further application of advanced administrative technologies, innovative models and concepts which have proved efficient in other areas. The dynamics of the changing conditions of business activity is characterized by a high risk level which demands a search of methods to increase the effectiveness of economic system management. Ensuring the process of making management decisions on the basis of modeling is closely related to raising the quality, efficiency and technological effectiveness. The author of the article suggests that administrative influence should be based on the economic and mathematical model of the company’s operation.

Keywords:  complex of models, analytical model, imitation model

Published:   p. 231-237   PDF

ISC-2016



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