Year: 2019
Type: conference-paper
Abstract: The dynamic simulation of calculation of the purchase of the equipment on credit is presented in this article. The model is developed on the basis of systems dynamics method with the help of Powersim Studio. Calculations were carried out for two ways of paying off the credit debt: annuity and differentiated. The model was used as the tool for researching the variants of payment and deciding which one is more beneficial. As a result, the different sums of credit payments were received (assignments of percent, payments on a principal debt, the total amount of credit payments, etc.). The conducted research allows drawing a conclusion that the developed dynamic simulation is rather universal and it is possible to conduct the various research concerning the different sides of purchasing the equipment on credit on its basis.
Institution: Siberian Federal University
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2991010751