ON OPTIMIZATION OF MANUFACTURING OF PRODUCT TO OBTAIN MAXIMAL VALUE OF PROFIT TAKING INTO ACCOUNT CHANGING OF PRICES

E. L. Pankratov
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E. L. Pankratov: Nizhny Novgorod State University, 23 Gagarin Avenue, Nizhny Novgorod 603950, Russia2Nizhny Novgorod State Technical University, 24 Minin Street, Nizhny Novgorod 603950, Russia

Global Economy Journal (GEJ), 2021, vol. 21, issue 04, 1-10

Abstract: In this paper, we introduce a model for the prognosis of profit of an enterprise taking into account several types of products. Also, we introduce an approach for maximization of the considered profit with an analytical approach for estimation of the maximum value of profit of an enterprise taking into account several types of products. Profit maximization gives a possibility to take into account changes in the price of products on the market. As an example, we consider the estimation of profit for the accounting of three types of products. But the introduced approach gives a possibility to change a number of products.

Keywords: Model for prognosis of profit; maximization of profit; accounting of changing of price (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S2194565922500014

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