Home  Journals  Financial Analytics: Science and Experience  16(298) - 2016 April

Adjustment of resource development programs through their information monitoring

Vol. 9, Iss. 16, APRIL 2016

Article PDF Version

Received: 29 October 2015

Received in revised form: 8 March 2016

Accepted: 28 March 2016

Available online: 27 April 2016

Subject Heading: MATHEMATICAL ANALYSIS AND MODELING IN ECONOMICS

JEL Classification: C61, Q32, Q35

Pages: 30-43

Importance The article analyzes and sets up an algorithm for adjusting natural resources development programs implying different levels of unit costs for extraction.
Objectives We analyze changes in exogenous data during the investment program implementation, and generate new optimization approaches. It significantly helps to adapt the approach to natural resources development.
Methods Our analysis is based on a ramified economic and mathematical model. The approach is deterministic and provides for its various application.
Results The article presents algorithms for respective adjustment, which harmoniously stem from preceding analytical processes. The results are illustrated with various estimates of the program intended for the relevant analytical scheme of research.
Conclusions and Relevance We show the approach in question can be basically practicable. It is also true for investment programs in other production sectors. The article points out one of the fundamental segments in the production complex, which considerably influences its development as a whole. The formalized data proceed from classical areas of macroeconomic analysis, which imply more detailed examination of its basic components.

Keywords: resource development, economic analysis, mathematical analysis, algorithm basis, adjustment, optimization program, variant calculation

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