Brikach G.E.Sukhoi State Technical University of Gomel, Gomel, Republic of Belarus brikach@mail.ru ORCID id: not available
Subject The article addresses the identification of the law of diminishing returns in the market activities of the organization. Objectives The aim is to show that in today's economy, in order to effectively manage the enterprise and strategic planning, it is necessary to take into account the impact of the law of diminishing returns on the market activities of the organization. The paper uses the reported data on input-output for recent years. The key task is the financial analysis of the dairy cattle breeding in the Republic of Belarus in conditions of increasing milk production, and assessing the impact of the law of diminishing returns on the financial condition of the industry. Methods The study employs the simulation method. Results I revealed the manifestation of the law of diminishing returns in milk production in conditions of increasing production. The paper identifies measures to reduce the negative impact of the law on milk production. Conclusions Through the use of simulation, it is possible to identify areas of financial condition of the dairy cattle industry of the Republic of Belarus, in which the milk production will be cost-effective.
Keywords: milk production, law of diminishing returns, financial result, simulation
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