System dynamics modeling of production target for Ukraine

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Paletska, Maryna
Hutsul, Diana
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Desired production is a short-term decision that typically calls for temporary under- or over-utilization of production capacity (e.g., "overtime"). This model jumpstarts the production process by targeting the fraction of productive capacity that will be utilized. Once "desired production" is determined, decisions on utilization of labor and capital will follow. The main target of the model is to develop the system dynamics model about Production Target for Ukraine. The driving force is aggregate demand: the sum of household consumption, government consumption, and net exports. The desired production depends on aggregate demand and desired inventories.
system dynamics model, expected sales, production target, conference materials
Paletska M. System dynamics modeling of production target for Ukraine / Paletska Maryna, Hutsul Diana // 3rd Annual Research Conference "Theory and practice of system dynamics in finance" : proceedings, December 7, 2020, Kyiv / ed. by Olena Primierova ; National University of Kyiv-Mohyla Academy, Department of Finance, Center of Financial and Economic Research [et al.]. - Kyiv : [Інтерсервіс], 2020. - P. 59-62.