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Situation modeling for decision making in international contracts

Author

Listed:
  • Valeriy Viktorovich Ivanov

    (Russian Foreign Trade Academy, Moscow, Russia; National research university “MIET”, Moscow, Russia)

  • Yuriy Karenovich Sarkisyants

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The article examines the issues connected with situation modeling for decision making in international contracts are considered. Modern IT architecture and mathematical tools are used to analyze and process integrated data of transactional management and financial systems, as well as unstructured content in order to estimate the competitive potential of rivals and possible market risks when forming and executing international trade deals. The authors have analyzed approaches and principles of mathematical modeling, reviewed modern managerial and mathematical methods and tools, that can be used to form a foreign trade contract, proposed a model of decision making in managing international contracts based on digital technologies.

Suggested Citation

  • Valeriy Viktorovich Ivanov & Yuriy Karenovich Sarkisyants, 2019. "Situation modeling for decision making in international contracts," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 9, pages 80-94, September.
    • Handle: RePEc:alq:rufejo:rfej_2019_09_80-94
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