Sustainable Development Concepts as a Response to Expectations of Modern Business Management

Autor: Filatova D.V., Fedorenko R.V.
Jazyk: English<br />French
Rok vydání: 2019
Předmět:
Zdroj: SHS Web of Conferences, Vol 71, p 04008 (2019)
Druh dokumentu: article
ISSN: 2261-2424
DOI: 10.1051/shsconf/20197104008
Popis: The interactions among individual economic agents require some regulations to hedge the risk of business activity. This paper examines the general equilibrium theory, backgrounds of system analysis and optimal control to show that these regulations present the mechanism of balanced management of economic processes at various economic level (enterprise, region, country). The study shows that sustainable development is self-regulatory and adaptive effort to remain on the market under the condition of reliable cooperation. Furthermore, by investigating the hierarchy of the business management systems, the conceptual and mathematical models of the mechanism for sustainable development are built and illustrated.
Databáze: Directory of Open Access Journals