Features of application of the forecasting simulation model in the planning process in the enterprise

Abstract

This article discusses the features of using a multi-level simulation model of financial and economic forecasting when planning the activities of an enterprise operating in the railway industry, in particular in the segment of national and international freight transportation. The authors set a goal to show how, through the use of a multi-level simulation model of forecasting, it is possible to significantly increase the reliability of organizational and managerial decisions and ensure a more efficient allocation of resources and reduction of financial risks. The model constructed by the authors can be used to optimize costs, improve the quality of settlements with debtors and creditors, plan the cost and other indicators of financial and economic activity, the ability to build various forecast scenarios allows you to choose the most acceptable option for the company, taking into account the impact of key factors on the financial result and the level of financial risk.

The economic analysis of the business operation of trade companies in the Republic of Serbia during the Covid-19 pandemic

“…The Covid-19 pandemic has had a significant impact on the economies all countries in the world and, as a result, on the activities of enterprises in all industries [6]. In a short period, it has caused huge problems that had a significant impact on every segment of companies' business operations.…”