|29th IBIMA Conference
3 - 4 May 2017
Specifics of Indicative Macroeconomic Planning
Daniel S. Demidenko ,Alexandr A. Gorovoy and Ekaterina D. Malevskaia-Malevich
so-called indicative plans are often used in macroeconomic planning and
forecasting today. The intensification of economic activity of the
economic system objectively involves accelerated transformation of the
traditional administrative control mechanisms into the new, more
democratic, market-based forms of regulation. Indicative plans have
this very nature. An indicative plan is a tool used by the business
sector to select the most efficient ways of development. An indicative
plan includes the development of measures affecting economic processes
in order to achieve the established indicators.
The paper sees into the mathematical formulation of the indicative plan optimization problem. An integral three-factor model with the multiplicative form of objective function, functional relationships between the variables and parameters of the restrictions, given in tabular form is examined as an example of construction of an indicative development plan of economic system. An optimal solution is found using a dynamic programming method and is presented in the paper in the tentative example.