Boginskiy A.I.Published in:
Creative Economy
– Volume 13, Number 8 (August 2019)

JEL classification: O31, O32, O33

Keywords: cost optimization, digital product model, product life cycle, promising products


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Abstract:

The article deals with the current problem of cost optimization at the stages of the life cycle of a promising product. Prediction of random factors affecting the production of promising products is difficult, because the traditional methods of cost optimization in this case are not applicable due to the large stochasticity of the optimization problem. It is shown how the use of a digital model can solve the problem of cost optimization at the stages of the life cycle of a promising product. The article describes the economic and mathematical model of cost optimization at the stages of the life cycle of promising products, using such scientific achievements of digitalization as a digital counterpart of the product and its digital layout. The method of estimation of accuracy at the solution of stochastic optimization problem is presented. The technique to control the costs of the stages of the life cycle perspective of products is developed.

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