System dynamics modeling of production target for Ukraine
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Date
2020
Authors
Paletska, Maryna
Hutsul, Diana
Journal Title
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Volume Title
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Abstract
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.
Description
Keywords
system dynamics model, expected sales, production target, conference materials
Citation
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.