Elaboration of balance-optimization in economic and mathematical model of development of a large municipal unit: Real experience

Alexander Novoselov (), Alexey Kovalev, Egor Gaiduk and Gagik Mkrtchyan

MPRA Paper from University Library of Munich, Germany

Abstract: The objective of the study is to develop a balance-optimizing economic and mathematical model which enables predicting steady and sustainable development of a large municipal unit. Using the method of dynamic programming introduced by Richard Bellman, the authors worked out the economic and mathematical model for optimizing the key indicators of soсial and economic development of a municipal unit. The model used and predicted indicators included in the list of the key performance indicators of municipal unit authorities. There is an analysis of the results of applying the model for a large municipal unit - Novosibirsk. The calculations made by the authors indicate that the model may work with actual economic information and may be used for predicting and making managerial decisions at a municipal level.

Keywords: modelling; forecasting; strategic planning; management; municipal unit (search for similar items in EconPapers)
JEL-codes: R58 (search for similar items in EconPapers)
Date: 2019-06-21, Revised 2019-12-02
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Published in Journal of Siberian federal university. Humanities and social sciences 12.12(2019): pp. 2258-2276

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:111314

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