• P-ISSN 0974-6846 E-ISSN 0974-5645

Indian Journal of Science and Technology


Indian Journal of Science and Technology

Year: 2016, Volume: 9, Issue: 27, Pages: 1-13

Original Article

Optimization of High-Tech Products Export Program in Terms of Resource and Time Constraints


Background/Objectives: The article discusses the conflict between the satisfaction of domestic demands and the export product supply in conditions of limited production capacities of high-technology enterprises. Methods/Statistical Analysis: Economic and mathematical modeling has been applied to objectively determine the conditions of the proposed dynamic strategy application and assess its effectiveness. The optimality criterion is considered to be the total volume of high-tech products supply to the domestic market for the planned period. Findings: The authors have built a dynamic model of a high-tech enterprise or industry, the production of which is distributed between the export and the domestic market supply. The dynamic problem of optimal production distribution between the internal and external markets has been solved. The authors have substantiated the structure of the optimal dynamic export strategy: first of all, the priority shall be given to the product export in order to increase capacity, and at a certain point it is necessary to focus the attention on the preferential satisfaction of the domestic market. The conditions for the effective implementation of this strategy have been determined; the authors have proposed the method of assessing benefit from its use ensuring a potentially attainable growth in high-tech products supply for domestic customers for the planned period. The dependence of the benefit from exchange rate changes, duration of the planning period and from the minimum acceptable volume of supplies to the domestic and foreign markets has been studied. Application/Improvements: In conditions of investment resources deficit and depreciation of the domestic currency, it is expedient to give preference to export supplies, which will quickly increase the production capacity of enterprises. 
Keywords: Domestic Market, Export, High-Tech Industry


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