Subject. This article discusses investment decisions related to management of small and medium-sized manufacturing enterprises’ technological development. Objectives. The article aims to develop methods to optimize the allocation of financial resources when managing the technological development of the mentioned enterprises. Methods. For the study, I used the methods of systems analysis, generalization and synthesis, and the dynamic programming method. Results. Based on the consideration of the particularities of small and medium-sized manufacturing enterprises’ activities affecting the management of their technological development, the article presents a set of economic effects that can be achieved when managing the manufacturing enterprises’ technological development and two methods to optimize the allocation of financial resources based on dynamic programming and simplified calculation algorithms. Conclusions and Relevance. Small and medium-sized manufacturing enterprises, which are optimally suited to meet market needs due to their initiative, flexibility and individual approach to customers, do not fully use technological opportunities to create new products and improve business practices due to limited access to financial resources. The proposed methods are suitable for small and medium-sized manufacturing enterprises operating in the absence of a well-developed budgeting system and highly specialized employees.
Keywords: technological development, small and medium-sized enterprises, financing optimization, economic efficiency, dynamic programming
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