FORMULATION OF THE PROBLEM OF DYNAMIC OPTIMIZATION OF THE PRODUCTION SPHERE OF THE ENTERPRISE BY MARKET CRITERION
The choice of the optimal option for the economic criterion of the organization of monetary and material flows of the production sphere of the enterprise is an actual problem from the position of increasing its efficiency and cost competitiveness, the solution of which is included in the process of developing market and intra-company strategies. However, this task has not been widely discussed in the economic literature: optimization models are not fully developed, practical calculations of the optimal variants are not presented. In this publication the authors consider these problems in application to an enterprise, the function “input-output” of which is correctly described by the neoclassical production function, presenting the problem statement corresponding to this variant, the dynamic model, list of optimality criteria and risk restrictions, results of calculations by the dynamic model for various combinations of exogenous and endogenous parameters. In particular, it is shown that the degree of homogeneity of the production function has a decisive influence on the dynamics of output, increasing costs in the case of planning high production volumes. Among the controllable parameters of the model an important role is played by the rate of investment in the working capital of the enterprise from its own sources, increasing/decreasing the output. The restriction on the risk of the working capital structure has a determining influence on the dynamics of the result in the production sphere: as the financial dependence norm increases, output grows faster than the risk of bankruptcy due to the high return on capital leverage.