THE ROLE OF MATHEMATICAL MODELLING IN ECONOMIC ACTIVITY
Анотація
Effective economic activity of enterprises should be based on financial planning. The mechanism of financial planning allows making decisions on the acceptable level of risk when choosing a project of the enterprise's activity for the future [1]. The use of economic and mathematical models allows predicting the results of the adopted financial policy and conducting a sound financial analysis of its activities, including the analysis of dividend, financial and investment policies. Currently, a number of financial planning models have been developed based on various mathematical tools, including algebra, mathematical programming, econometrics and economic cybernetics methods. These models differ in the level of complexity, modeling, forecasting and optimization capabilities, and the amount of required input information. The article discusses the use of models based on systems of algebraic equations.
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