THE MODELLING OF ALLOCATION OF THE OPTIMAL WORLD EXPORT

Viktorija Tauraitė

Santrauka


Relevance of the research.Economic, financial, commercial and other relations are becoming fasterin the global world. Business, trade relations with foreign investors, the optimal implementation ofinternational relations in micro (company) and macro (country) level are importantfor producers andentrepreneurs. So it is relevant to carry out the scientific research in order to find out the optimal allocation ofthe world export according to volumeof desired overall world exportby using the mathematicalmodelling.Although the method of mathematicalmodellingis used in scientific research (e. g. Stonkienė,2013;Radziukynas, Nemura, 2007.),nostudy wasfound where mathematicalmodellingwould be usedbythe linearprogramming method and identifying the optimalexport allocation, taking into account the conditions. So,thisarticle complements a variety of research.The problem of the research:what is the optimal allocation of the world export between 11 countrieswhen the volumeof desired overall world export is minimum, medium or maximum?The object of the researchis the allocation of the world export.The aim of the researchis to identify the he optimal allocation of the world export between 11countries (EU 28, Russia, Canada, the United States, Mexico,Brazil, China (except Hong Kong), Japan, SouthKorea, India,and Singapore) in 3 cases when the volume of desired overall world export is: 1) minimum; 2)medium; 3) maximum.The tasks of the research:1.To present the methodology of the research.2.To identify the he optimal allocation of the world export between 11 countries in 3 casesaccording to the volume of desired overall world export.3.To summarize the main points of the allocation of the optimal world export and to submitrecommendations.Theresearchwas carriedout by usingmethods ofcase,comparative analysis and mathematicalmodellingapplyingthe linear programming method. Eurostat statistical data of 2011–2015wereused for themathematicalmodelling.Outcomes and conclusions.It was found out thatEU 28, China and the United Statesare the samedominant countriesin all three cases by the aspect of the world export volume. Moreover, the least volume ofthe world exportis inIndia and Brazil. On the other hand, the differences between dominant countrieswhichshould have the biggest part of world exportwere found. China should have the biggest part of world exportwhen the volume of desired overall world export is minimum and maximum. EU 28 should have the biggestpart of world export when the volume of desired overall world export is medium.Keywords:international trade, export, mathematicalmodelling.

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DOI: https://doi.org/10.33607/elt.v2i10.242

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