Advantages of using the integral and logarithmic method in management analysis (ინტეგრალური და ლოგარითმული მეთოდის გამოყენების უპირატესობები მმართველობით ანალიზში)

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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
A need to solve complex economic tasks at the modern stage of development of a market economy has become a powerful incentive for the use of mathematical modeling in economic analysis. The article discusses the advantages and disadvantages of different methods (chain insertion method, absolute difference method, relative difference method, integral and logarithmic method) used for determining the magnitude of the influence of individual factors on the study indicator. When using separate methods (chain method, absolute difference method, relative difference method), the influence of quantitative factors on the resultant factors indicators is determined initially (in sequence), and later – qualitative. When using integral and logarithmic methods, the magnitude of the influence of quantitative and qualitative factors on the relative indicator does not change depending on their location. The integral method is used to measure the impact of factors in multiplicative, multiple and multiplicativeaditive models. Its use allows to obtain more accurate results of the impact of factors than we get when using chain insertion or absolute difference method, since as a result of the interaction of factors an additional change in the resultant indicator joins not the last factor, but is evenly distributed between them. Compared to the integral integral method the logarithmic method provides higher accuracy of calculations. If, as a result of the interaction of factors when using the integral method, additional changes in the resultant indicator are distributed evenly among the acting factors, under the logarithmic method, the result of the joint action of factors at the level of the resultant indicator is distributed in proportion to the specific weight of the isolated impact of each individual factor. The magnitude of the influence of factors determined by the main working methods of economic analysis does not coincide with the data obtained according to the study text of the calculation of regulatory costs in the ACCA management accounting and the methodology used in the examination exercises (magnitude of the influence of factors determined by Integral and logarithmic methods is also different). In our opinion, it will be more accurate if we rely on the values of the influence of factors calculated by Integral and logarithmic methods. However, to determine the magnitude of the influence of factors, the main thing, depending on the condition of the task, is to correctly compile an analytical table, and then, by which way we solve the task, it depends on us or on the condition of the task. We think that this approach is simpler to explain and understand than what is offered by the study text on calculation of regulatory costs in the ACCA management accounting.
Description
1. ACCA Management accounting (MA/FMA), Kaplan Limited, 2018; 2. Jikia.M(2019).some Aspects of Improving the Methodology of Economic Analysis. Ecoforum Journal 8 (1); 3. Jikia.M.Kharabadze.E.(2018).Evaluation an Analysis of the rational structure of sources for assets formation.Archives of Business Research 6 (7); 4. Kharabadze.E,Jikia.M(2018).Determining relevant an alternative costs while decision making.International Journal of Social Science and Economic Research 3 (5). 5. Jikia.M,Kharabadze.E. (2018) Analyzing decisions under intlation. International Journal of Advances in Management and Economics 7(2) 25-28. 6. Jikia.M,Kharabadze.E (2018)Certain aspects of account receivable and payable analysis. Archives of Buisness Research 6(6) 7. Jikia.M (2017)Reserves of cost reduction of goods in the production of essential oils in Georgia. International Journal of Social Science and Economic Research 2(8) 8. Jikia.M(2019).PECULIARITIES AND ADVANTAGES OF THE COST CALCULATION METHOD ACCORDING TO THE TYPES OF ACTIVITES. Ecoforum Journal 8(2)
Keywords
ფაქტორები, ნორმატიული დანახარჯი, მულტიპლიკატიური მოდელი, ჯაჭვური ჩასმის ხერხი, აბსოლუტური სხვაობის ხერხი, ფარდობითი სხვაობის ხერხი, ინტეგრალური მეთოდი, ლოგარითმული მეთოდი
Citation
VII International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2022, pp. 615-626
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