Methods for Optimal Separation of Income in Consumable and Accumulated Parts
Chernyaev A. P.1, Meerson A. Yu.2, Sukhorukova I. V.3, Fomin G. P.4
1Chernyaev Alexander Petrovich, Professor, Department of Higher Mathematics, Moscow Institute of Physics and Technology (State University) – MIPT, Russia.
2Meerson Alla Yurievna, Associate Professor, Department of Mathematical Methods in Economics, G.V. Russian University of Economics Plekhanov (REU named after G.V. Plekhanov), Russia.
3Sukhorukova Irina Vladimirovna, Professor, Department of Higher Mathematics, Plekhanov Russian University of Economics, Russian Federation.
4Fomin Gennady Petrovich, Department of Economic Cybernetics, Russian University of Trade and Economics, Russia.
Manuscript received on February 02, 2020. | Revised Manuscript received on February 10, 2020. | Manuscript published on March 30, 2020. | PP: 797-801 | Volume-8 Issue-6, March 2020. | Retrieval Number: F7397038620/2020©BEIESP | DOI: 10.35940/ijrte.F7397.038620
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The effectiveness of a particular type of business is determined by the terms of planning and management. The study is devoted to the urgent problem of finding the optimal method for dividing a product into consumed and accumulated parts. Various macro models of economic growth are considered. An optimality criterion is proposed in the form of utility per capita consumption. Growth rates of producers and economic characteristics are considered integrable functions arbitrarily time-dependent. At the same time, per capita consumption is optimized either in terms of utility or in its pure form. Income can be used either as consumer income to meet the needs of the population, or capital-forming to create new production capacities and compensate for old production capacities that are out of order. The results can be used to assess the economic growth rate of the national economy.
Keywords: Economic Growth, Production Function, Per Capita Consumption, Income, Utility.
Scope of the Article: Construction Economics.