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

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

Abstract

Purpose and subject of researchThe 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 methodologyUsed the model under the system-dynamic modeling approach J. ForresterValue resultsThe 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 assetsConclusionsThe 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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Section
Models and methods of economic dynamics, stability and equilibrium