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Irina N. Marchenkova
Alla A. Udovikova
Natalia I. Lyakhovа
Natalja O. Gordeeva


Financial Sustainability, Innovative Development, Modeling Algorithm, Comparative Analysis


Purpose: In order to strengthen the financial sustainability of an economic entity, it is necessary to optimize the balance sheet structure based on relative values, most of which have generally accepted regulatory restrictions. The coefficients that do not have such standard values are estimated by the dynamics relative to previous periods, as well as similar enterprises of the relevant sector of the economy.

Methodology: To achieve the study objectives, specific methods were used in the work: a comparative analysis of approaches to the algorithms for calculating relative indicators of financial sustainability, a simulation methodology for the optimal balance sheet structure, taking into account the objective function - the financial sustainability coefficient under the established regulatory limitations of the key features of financial development. The main provisions of the study are presented in the form of analytical tables, algorithms, and figures.

Result: The research results showed that, on the basis of the objective function and the limitations of the main financial indicators, it is possible to optimize the balance sheet structure, depending on the planned value of the financial sustainability coefficient established by the business entity, taking into account industry features and a specific reporting period.

Applications: This research can be used for universities, teachers, and students.

Novelty/Originality: In this research, the model of the Provision of Innovative Development Based on Imitative Variations of Financial Sustainability is presented in a comprehensive and complete manner.


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