The Management Process Construction In A Multifactorial Economic System

Abstract

The problem of constructing the process of managing the economic system with the possibility of taking into account an arbitrary finite number of factors influencing its development is solved. The criterion for improving the well-being of the population against the background of sustainable economic growth was adopted as an optimization criterion. In the formulation of the problem, indicators are introduced that take into account the level of specific efficiency of investments in the corresponding factors of development of the economic system. An algorithm for the optimal distribution of investments is proposed that maximizes the optimization criterion over a given time interval. The solution to the optimal planning problem is found using a combination of analytical and numerical methods. The developed method for constructing the process of managing the economic system, taking into account an arbitrary number of factors, has a practical application. It can be used in constructing strategies and management in regional socio-economic systems.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.30

Online ISSN

2357-1330