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Economic Analysis: Theory and Practice
 

Optimization of the project budget

Vol. 9, Iss. 37, NOVEMBER 2010

Available online: 17 November 2010

Subject Heading: Economic-mathematical modelling

JEL Classification: 

Vaysblat B.I. doctor of economic sciences, professor of venture management, University higher school of economics in Nizhniy Novgorod
classic_14@mail.ru

Pistonov M.A. undergraduate faculty venture management, University higher school of economics in Nizhniy Novgorod
pistonov-maksim@inbox.ru

We propose two economic-mathematical models to optimize the project budget. The result of optimization is the number of performers in each operation of the project, costs and income of the project, providing extreme value of the optimality criterion (maximum profit, minimum risk).The proposed models belong to the problems of partially integer mathematical programming and solved on a PC using the add «Solver» MS Excel.

Keywords: project, project budget, optimization, resource and financial plan of the project

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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