Open AccessPredicting the dynamics of the maximum and optimal profits of innovative enterprises
Author(s) -
Elena A. Ilyina,
Л. А. Сараев
Publication year - 2021
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1784/1/012002
Subject(s) - transaction cost , industrial organization , profit (economics) , database transaction , business , negotiation , microeconomics , property rights , enterprise value , business enterprise , economics , computer science , finance , business administration , political science , law , programming language
This article proposes new economic and mathematical models of the dynamics of the development of industrial enterprises that introduce innovative technologies. The level of attraction of innovative technologies by the enterprise is set by dimensionless coefficients of innovations, which depend on time and affect the increase in output and decrease in costs. The influence of not only production costs, but also transaction costs on the size of the enterprise’s profit was investigated, the sources of which are the forced costs of searching and processing economic information, financing negotiation procedures, developing and concluding contracts with partners, organizing the protection of property rights, paying for the opportunistic behavior of employees and enterprise managers, etc. It is found, that transaction costs force to maximize not only the profit function of the enterprise, but also the target transaction utility function, which takes into account the redistribution of profits in the interests of the enterprise management and for the implementation of socially oriented programs. The size of the part of the profit spent in the interests of the enterprise management and for the implementation of socially oriented programs is set by dimensionless redistribution coefficients. It is shown, that in the presence of transaction costs, the enterprise, instead of the maximum value of profit, achieves a lower optimal value of profit.