DYNAMIC MODELING - METHODS AND TECHNIQUES FOR FORECASTING FINANCIAL NEEDS IN EFFICIENT MANAGEMENT OF THE DAIRY UNITS
DYNAMIC MODELING - METHODS AND TECHNIQUES FOR FORECASTING FINANCIAL NEEDS IN EFFICIENT MANAGEMENT OF THE DAIRY UNITS

Summary/Abstract: This paper aims to approach the problem of dynamic modeling as a technique for forecasting the financial needs of efficient management of the dairy units. Using dynamic modeling as a prediction technique has the advantage of a very well developed mathematical apparatus, studying both the existence and stability of equilibrium solutions because an unstable equilibrium solution cannot be observed in reality. Researching the practical effectiveness of this procedure we have been inspired by English dictum "Time is money" which presents one of the advantages of using by the financial users, of this procedure namely shortening the time spent by the user to understand the economic and financial situation of the client and obtain useful predictions.

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