Modeling of Financial Decisions in Terms of Uncertainty

Major: Finance, Banking and Insurance
Code of subject: 8.072.00.O.003
Credits: 4.00
Department: Finance
Lecturer: Doctor of the Sciences (in Economic), Professor Khoma Iryna Borysivna
Semester: 1 семестр
Mode of study: денна
Learning outcomes: knowledge of a wide range of economic and mathematical methods and models at modeling of financial decisions and possession of skills their optimization to select the most effective. • The ability to model conceptual financial decisions in conditions of uncertainty on the real financial and economic situations and manage unpredictable dynamics of financial results based on the application of economic and mathematical methods. • The knowledge of diagnostics’ methods of financial and economic situations with the forecast onset of business conflicts and identification of the bifurcation point with the consequences of its elimination. • The possession by practice of financial risk management under uncertainty.
Required prior and related subjects: prerequisites: Analytical and numerical research methods, Research of the state of finances of enterprises and the problems its sanitation, Global trends of transformations of financial and credit systems. co-requisite: Trends development in the financial services market, Risks in the system of state finance, Trends and problems of development of the state financial control.
Summary of the subject: Model as a scientific category. Types and block diagram modeling. Economic-mathematical modeling, levels and directions of its use in financial decision-making under uncertainty. The sampling and grouping of statistics at modeling of financial decisions. A fitness’ assessment of models under uncertainty. The principles of financial decision-making under uncertainty. The administrative and financial decision-making on the basis of optimal planning. Model of financial decision-making under uncertainty. Methods of multi-objective optimization of financial decisions. Financial risk management under uncertainty. Modeling financial decisions in terms of outstanding business conflicts. Identification of bifurcation point with modeling the consequences of overcoming it. Methods of monitoring and diagnostics of effective financial decision-making under uncertainty.
Assessment methods and criteria: • Current control, thematic control knowledge during the semester, oral examination, the individual research tasks (30%); • Examination control (control measure, exam), written-oral form (70%).
Recommended books: 1. Khoma I.B. Ekonomiko-matematychni metody analizu diyalnosti pidpryyemstv: Navch. posibnyk / I.B. Khoma, V.V. Turko - L`viv: Vyd-vo NU LP, 2012. – 230 s. 2. Ostankova L.A. Analiz, modelyuvannya j upravlinnya ekonomichnymy ryzykamy`: Navch. posibny`k / L.A. Ostankova. – K.: TOV «Vyd-vo «Centr uch. liter.», 2011. – 285 s. 3. Golikov A.P. Ekonomiko-matematychne modelyuvannya svito-gospodarskykh procesiv: Navchalnyj posibnyk. – 3-tye vyd., pererobl. i dopovn. – K.: Znannya, 2009. – 222 s. 4. Xachatryan S.R. Prykladnye metody matematycheskogo modelyrovanya ekonomycheskykh system: nauchn.-metod. posobye / S.R. Xachatryan. – M.: Izd-vo «Ekzamen», 2002. – 192 s.