Simulation Model for the Firms’ Financial Resource Management

Abstract :

Today one of the high development priorities in Russia is transition to an innovative way of economic development. This is directly related both to the preservation and development of scientific and technological capacity, and involvement into the industry high efficient investment. To attract investment the firm should provide a sufficient level of competitiveness, financial stability and liquidity .This paper presents the simulation model that is able to coordinate of income and expenditure of the firm and provide a more efficient use of financial resources. The process of model development consist of two stages : development a scheme of financial management to attract debt financing of innovative projects based on simulation , development of algorithms for the cash distribution saving the balance of income and expenditure and determining the amount of short-term loan to ensure the maintenance of liquidity level.