The main stages of building a mathematical model

To use a mathematical model for a specific production and economic situation, information technology should be applied. Information technology makes it possible to accurately distinguish from the set of real production and economic situations exactly the one that fully corresponds to specific circumstances. This technology consists of the following eight stages. Step 1. SELECTION OF […]

Reasons for changes in the structure of competition and the external environment

Each industry has its own development trends and its own characteristics. Industry conditions and competition change under the influence of various forces and factors. The main drivers of competition are: changes in the long-term trends of economic growth of the industry; changes in the composition of consumers, the introduction of new products; entering or leaving […]