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GAME-THEORETIC TOOLS OF INVESTMENT ANALYSIS RATIONALIZATION AT INDUSTRIAL ENTERPRISES

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PDF: Author(s): Dmitriev N. D., Dubanevich L. Е., Zaytsev A. A.,
Number of journal: 2(51) Date: May 2020
Annotation:

Economic science at the present stage of development offers many alternative options for building investment strategies in an unstable macroeconomic environment, but, unfortunately, there is no single perfect method to maximize the effectiveness of investment analysis. Before proceeding with the implementation of a specific investment project, it is necessary to conduct the most complete analysis of factors that may have a direct or indirect impact on the project outcomes, which confirms the relevance of the topic in the search for new methods of rationalizing investment processes. This article proposes the use of mathematical methods, namely the criteria of game theory, in order to rationalize investment processes in an industrial enterprise. The main research method is game theory. To build the proposed model, it is necessary to use correlation and regression analysis, and a reduction in the possible number of investment projects is proposed by sampling using simulation modeling, for example, using the Monte Carlo method. Practice shows that with the help of game-theoretic criteria it is possible to determine the best strategy for various economic situations; however, as a rule they are not used to solve investment problems, which is the authors’ mistake. Game theory tools, combined with correlation and regression analysis, can contribute to the development of econometric tools for making the most optimal decisions in a conflict situation and protect the interests of the investor. The novelty of this work lies in the proposal of a new way to evaluate investment projects, based on the achievements of game theory and taking into account the influence of many factors on the final results, which can be represented as formulas under the influence of correlation and regression analysis, and further calculation of the resulting formulas will help to choose the matrix and parameters of the game. Further research is planned to focus on the practical application of the proposed method to rationalize the investment process in various sectors of the economy.

Keywords:

game theory, investment analysis, game-theoretic method, investment processes, mathematical modeling, investment project, game-theoretic criteria, regression analysis, econometric decision-making tools, behavior strategy, investment behavior, investment design.

For citation:

Dmitriev N. D., Zaytsev A. A., Dubanevich L. Е. Game-theoretic tools of investment analysis rationalization at industrial enterprises. Business. Education. Law, 2020, no. 2, pp. 43–49. DOI: 10.25683/VOLBI.2020.51.265.