Financial Institutions Network Optimization

Major: Finance, Banking and Insurance
Code of subject: 7.072.01.M.017
Credits: 5.00
Department: Finance
Lecturer: Assos. Prof. Iryna Kondrat
Semester: 2 семестр
Mode of study: денна
Learning outcomes: Search, process, systematize and analyze the information needed to solve professional and scientific problems while optimizing the network of financial institutions. Carry out diagnostics and modeling of the network of financial institutions. Justify the choice of management decisions when optimizing the network of financial institutions and evaluate their effectiveness taking into account the objectives, existing constraints, legal and ethical aspects. To substantiate the relevance of research, the possibility of achieving the goals taking into account the available resources, to make hypotheses, to argue conclusions based on research results.
Required prior and related subjects: Research methodology in finance Financial services market
Summary of the subject: Mathematical methods and models as a way of making optimal decisions. The concept of the optimality criterion: global and local. Vector optimization. The general problem of linear programming. Graphical method for solving linear programming problems. Simplex method of solving linear programming problems. Nonlinear programming: methods and their features. The problem of duality in linear programming. Information technologies for solving problems of mathematical programming. Application of queuing theory to optimize networks of financial institutions.
Assessment methods and criteria: Current control (100%)
Recommended books: 1. Козак Ю., Мацкул В. Математичні методи та моделі для магістрів з економіки. Практичні застосування. - Центр навчальної літератури, 2019. – 254 с. 2. Павленко В., Тимошенко А., Бескровний О. Дослідження операцій і методи прийняття технічних рішень. –Університет «Україна», 2019. – 420 с. 3. Dunbar, S. (2019) Mathematical Modeling in Economics and Finance: Probability, Stochastic Processes, and Differential Equations. AMS/MAA Textbooks, 848 р. 4. Буртняк І.В., Благун І.С. Моделювання ефективності функціонування банків за допомогою фінансових потоків // Вісник Хмельницького національного університету. – 2020. - № 4, Том 1. -С. 51-57.