Modelling of dynamics of enterprise development in conditions of the monopolistically competition

Authors

  • Oleksandr Yakovenko Dnipropetrovsk National University named after Oles Honchar
  • Yuriy Sherstennikov Dnipropetrovsk National University named after Oles Honchar

Abstract

Purpose and subject of research

The aim of the article is to construct and study a model of the enterprise in monopolistic competition, study market equilibrium as a result of the interaction of endogenous and exogenous parameters of the model and study the dynamics of companies in monopolistic competition.

Research methodology

Used the model under the system-dynamic modeling approach J. Forrester

Value results

The main problem to be solved is to study the dynamics of development and determine the conditions under which the company maximizes its capital accumulation. To build capacity of the enterprise managers make decisions regarding the allocation of half profit increase of fixed assets

Conclusions

The paper is constructed and studied a model of the enterprise in monopolistic competition. Market equilibrium obtained as a result of the interaction of endogenous and exogenous parameters of the model. The dynamics of the enterprise in monopolistic competition.

Author Biographies

  • Oleksandr Yakovenko, Dnipropetrovsk National University named after Oles Honchar
    Dr.tech.sci., prof,
    Dnipropetrovsk National University named after Oles Honchar,
    dept. head
  • Yuriy Sherstennikov, Dnipropetrovsk National University named after Oles Honchar
    Cand.phys.-math.sci., as.prof,
    Dnipropetrovsk National University named after Oles Honchar,
    as.prof.

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№4-6(76-78)'2012

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Issue

No. 4-6(76-78) (2012)

Section

Models and methods of economic dynamics, stability and equilibrium

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