Modeling of diversification of foreign economic interactions
Modeling of diversification of foreign economic interactions
Author(s): Ihor Hroznyi, Oleh Kuzmak, Olena Kuzmak, Olha RusinovaSubject(s): Economy, National Economy, Business Economy / Management
Published by: ТОВ “Консалтингово-видавнича компанія “Ділові перспективи”
Keywords: diversification; dynamic system; factors; foreign economic interactions; information technologies; modeling; regulators;simulation model;
Summary/Abstract: The article developed a basic simulation model of diversification of foreign economic interactions, which makes it possible to assess the mutual influence of key economic indicators and their reaction to changes in the equilibrium in world markets. The peculiarity of the developed model of diversification of foreign economic interactions is its functioning as a complex dynamic system in which many factors are interrelated, and the connections are dynamic. This makes it possible to calculate a simulation model that takes into account hidden and subtle connections. While modeling foreign economic interactions and evaluating the influence of various regulators on them, in addition to the stage of model development itself, mandatory parameterization of this model is proposed, that is, the determination of specific types of dependence between the factors included in the model and the parameters of these dependencies. The implementation of this model can be carried out in any simulation package.
Journal: Problems and Perspectives in Management
- Issue Year: 16/2018
- Issue No: 1
- Page Range: 155-165
- Page Count: 11
- Language: English
