Labor and assets optimization in the context of increasing the international information company efficiency

Abstract

Purpose. Research on the influence of factors of production on the efficiency of the information company.

Methodology. In the course of the research the following methods were applied: theoretical generalization (to cover the theoretical and methodological foundations of production functions), induction, deduction (to study corporations activity), the systemic approach (to construct an algorithm for determining the optimal values of the average cost of a unit of fixed assets, current assets and average salary), graphic method (for the purpose of visual representation), mathematical modelling (to make a model of optimization of corporations expenditures management).

Findings. Resulting from the application of the mathematical apparatus it was found out that to ensure maximum profit it is optimal for the information company to hold fixed assets worth 1125.83 hundred dollars with the payment for the personnel in the amount of 130.96 hundred dollars on average per a single specialist with indexation taken into account.

Originality. There has been suggested an algorithm for determining the optimal values of the average cost of a unit of fixed assets, current assets and average salary. There has been made a model of optimization of a corporations expenditures management using the Cobb-Douglas production function and the theory of Lagrange multipliers. The analysis of the obtained dependence allows reaching the optimal value of these parameters under which the income function reaches the maximum.

Practical value. The presented methods for solving the problem can be used to increase the competitiveness of the company by determining the reserves for further improvement of the business.