Discrete Dynamics in Nature and Society
Volume 6 (2001), Issue 4, Pages 305-312
Mathematical modeling of an industrial firm in transient economy
Computing Center of RAS, Russia
Copyright © 2001 I. G. Pospelov. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
A behavior model of an industrial firm with a possibility of merchandising and purchasing of production on two channels, traditional and commercial, is given. The former is stable, but less profitable due to non-payments. The latter is profitable, but risky. The model describes different modes of firm operation depending on economic parameters. In such a model, firms have incentives to integrate in financial and industrial groups.