We provide a nonlinear model of intersectoral balance with constant elasticity of substitution (CES) production functions of industries and CES utility function of final consumer for the study of intersectoral linkages in the Kazakhstan economy. The model is formalized in terms of the primal problem of resource allocation and the corresponding Fenchel dual problem which solution gives costs of inputs of industries in a supply network. We identify the model with the actual data of the Input-Output tables of Kazakhstan and estimate the elasticity of substitution of production factors for the aggregated industry complexes. With the help of developed framework, we evaluate the inter-industry financial flows in the aggregated supply network for the period 2013–2020 and compare the results with the actual data of Kazakhstan. The developed framework can be used to support decision-making processes in sustainable supply chain management in a situation of the government economic policy change and external shocks. Using the developed framework, we evaluate the risks for Kazakhstan’s supply chains in scenario of sharp weakening of the national currency.

The global macroeconomic shocks of the last decade entail the restructuring of national production networks and induce processes of input substitution. We suggest mathematical tools of Young duality for variational inequalities for studying these processes. Based on the tools we provide, a new mathematical model of a production network with several final consumers is created. The model is formulated as a pair of conjugated problems: a complementarity problem for optimal resource allocation with neoclassical production functions and the Young dual problem for equilibrium price indices on network products. The solution of these problems gives an equilibrium point in the space of network inter-industry flows and price indices on goods. Based on our previous results, we suggest an algorithm for model identification with an official economic statistic in the case of constant elasticity of substitution production functions. We give an explicit solution to the complementarity problems in this case and develop the algorithm of the inter-industry flows scenario projection. Since the algorithm needs the scenario projection of final sales structure as its input, we suggest a modified methodology that allows the calculation of scenario shifts in final consumer spending. To do this, we employ the generalized nonparametric method of demand analysis. As a result, we develop new technology for scenario calculation of a national input–output table, including shifts in final consumer spending. The technology takes into account a substitution of inputs in the network and is based on officially published national statistics data. The application of the methodology to study tax collection scenarios for Kazakhstan’s production network is demonstrated.

A production model with allowance for a working capital deficit and a restricted maximum possible sales volume is proposed and analyzed. The study is motivated by the urgency of analyzing well-known problems of functioning low competitive macroeconomic structures. The original formulation of the task represents an infinite-horizon optimal control problem. As a result, the model is formalized in the form of a Bellman equation. It is proved that the corresponding Bellman operator is a contraction and has a unique fixed point in the chosen class of functions. A closed-form solution of the Bellman equation is found using the method of steps. The influence of the credit interest rate on the firm market value assessment is analyzed by applying the developed model.

This paper presents a framework for the study of how the profitability of business environment impacts the investment behavior of the enterprise owner in the case of imperfect capital market with essentially higher interest rates for borrowing than for saving. This question is important for the resumption of economic growth in Russia. The profitability of business environment in an imperfect market can be valued in terms of Cantor–Lippman approach. In this paper we propose an infinite-horizon optimal control problem that represents the investment behavior of an enterprise owner. In terms of our framework the market imperfection is modeled via phase restriction on the cash of the owner. That makes difficulties with studying the optimal control in the model. We construct the solution via analysis of the finite-horizon problem and apparatus of viscosity solutions of the Hamilton–Jacobi–Bellman equation. We show that the type of investment behavior depends on the ratio of profitability indicator of business environment to owner’s discount rate.

A production model with allowance for a working capital deficit and a restricted maximum possible sales volume is proposed and analyzed. The study is motivated by an attempt to analyze the problems of functioning of low competitive macroeconomic structures. The model is formalized in the form of a Bellman equation, for which a closed-form solution is found. The stochastic process of product stock variations is proved to be ergodic and its final probability distribution is found. Expressions for the average production load and the average product stock are found by analyzing the stochastic process. A system of model equations relating the model variables to official statistical parameters is derived. The model is identified using data from the Fiat and KAMAZ companies. The influence of the credit interest rate on the firm market value assessment and the production load level are analyzed using comparative statics methods.