Abstract:

The article deals with the significance of usage of mathematical methods when solving economical models, and their exigency. I describe a possibility of using more complex mathematical apparatus on a model of effective usage of inventory and production with the aim to refine its solutions, thus bringing the model closer to the reality. Mathematical economics is a discipline using economic theories and mathematics to investigate the economic legitimacy. The fundamental method of mathematical economics is so called mathematical modelling that is creating models of economic phenomena. In modelling the mathematisation brings mainly objective generalised view of the investigated phenomena and in its consequences leads to formalisation of knowledge and elaboration of new theories, through which it significantly influences the development of the fields. One of the advantages of using mathematics in economics is the fact that mathematics is comprehensible to people speaking via different mother tongues. Disadvantage of using the mathematics in economics is the jeopardy that the mathematical view may outweigh the economical one.