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Î÷åâèäíî, ùî<br />

α<br />

limp() t = = p1<br />

. (11.9.7)<br />

t→∞<br />

β<br />

Ïðîâåäåìî òåïåð àíàë³ç. ²ç ñòðóêòóðè ð³âíÿííÿ (11.9.5)<br />

âèïëèâàº, ùî:<br />

1) ö³íà p 1 º ð³âíîâàæíîþ. ijéñíî, ïðè p = p 1 âèêîíóºòüñÿ<br />

óìîâà d(p 1 )=s(p 1 ) (ïåðåâ³ðòå!);<br />

dp<br />

2) ïðè p0 > p1 < 0 . Öå îçíà÷àº, ùî ÿêùî ïî÷àòêîâà<br />

dt<br />

ö³íà á³ëüøå í³æ ð³âíîâàæíà, òî ôóíêö³ÿ p(t) ñïàäàº, òîáòî<br />

ö³íà íà òîâàð ³ç çðîñòàííÿì ÷àñó çìåíøóºòüñÿ ³ ïðÿìóº äî<br />

ð³âíîâàæíî¿;<br />

dp<br />

3) ïðè p0 < p1 > 0 . Öå îçíà÷àº, ùî ÿêùî ïî÷àòêîâà<br />

dt<br />

ö³íà ìåíøà ÷èì ð³âíîâàæíà, òî ôóíêö³ÿ p(t) çðîñòàº, òîáòî<br />

ö³íà íà òîâàð ³ç çðîñòàííÿì ÷àñó çá³ëüøóºòüñÿ ³ ïðÿìóº<br />

òàêîæ äî ð³âíîâàæíî¿.<br />

11.9.2. Ìîäåëü äèíàì³êè ôîíä³â<br />

Ïîçíà÷èìî ÷åðåç Ô âåëè÷èíó ôîíä³â ó íàòóðàëüíîìó àáî<br />

âàðò³ñíîìó âèðàç³. ßê â³äîìî, ôîíäè ó íàòóðàëüíîìó âèä³<br />

ÿâëÿþòü ñîáîþ ñòàíêè, êîìï’þòåðè, ïðèì³ùåííÿ ³ òàêå<br />

³íøå. Ç ÷àñîì âîíè ëàìàþòüñÿ, ñòàð³þòü, çíîøóþòüñÿ ³, ÿê<br />

òî êàæóòü, âèõîäÿòü ç ëàäó. Òàêèé ïðîöåñ â åêîíîì³ö³ íàçèâàºòüñÿ<br />

âèáóòòÿì ôîíä³â. Øâèäê³ñòü âèáóòòÿ ôîíä³â õàðàêòåðèçóºòüñÿ<br />

êîåô³ö³ºíòîì âèáóòòÿ µ(0 < µ < 1). Íàïðèêëàä,<br />

ÿêùî çà 7 ðîê³â ôîíä ïîâí³ñòþ ïîíîâëþºòüñÿ, òî<br />

1<br />

µ= . Òàêèì ÷èíîì, âèáóòòÿ µ ïðèâîäèòü äî çìåíøåííÿ<br />

7<br />

ôîíä³â çà 1 ð³ê íà âåëè÷èíó µÔ, à çà ïðîì³æîê ÷àñó ∆t íà<br />

âåëè÷èíó µÔ∆t. Ç äðóãîãî áîêó ³íâåñòèö³ÿ ² çà ð³ê äàº<br />

çá³ëüøåííÿ ôîíä³â íà âåëè÷èíó ρI, à çà ïðîì³æîê ÷àñó ∆t<br />

íà âåëè÷èíó ρI∆t.<br />

Ðîçãëÿíåìî äîâ³ëüíèé ìîìåíò ÷àñó t ³ éîãî ïðèð³ñò<br />

∆t ≠ 0. Òîä³ ìàòèìåìî<br />

∆Φ = Φ ( t + ∆t) − Φ ( t) = ( ρI − µΦ)<br />

∆ t. (11.9.8)<br />

Òåïåð îáèäâ³ ÷àñòèíè ð³âíîñò³ (11.9.8) ðîçä³ëèìî íà ∆t ³<br />

ïåðåéäåìî äî ãðàíèö³ ïðè ∆t → 0.<br />

Ïðè öüîìó, ââàæàþ÷è ðîçãëÿäóâàíèé ïðîöåñ íåïåðåðâíèì,<br />

îòðèìàºìî äèôåðåíö³àëüíå ð³âíÿííÿ âèãëÿäó<br />

d Φ =−µΦ+ρ I . (11.9.9)<br />

dt<br />

Ïðèêëàä 11.9.3. Íåõàé íà äåÿêîìó ï³äïðèºìñòâ³:<br />

µ = 0,1; ρ = 0,7. (11.9.10)<br />

²íâåñòèö³ÿ º ñòàëîþ âåëè÷èíîþ ³ äîð³âíþº 10 6 ãðí. Òðåáà<br />

çíàéòè ó âàðò³ñíîìó âèðàç³ äèíàì³êó ôîíä³â ï³äïðèºìñòâà<br />

çà óìîâè, ùî â ïî÷àòêîâèé ìîìåíò ñïîñòåðåæåííÿ (t =0)<br />

âèêîíóºòüñÿ óìîâà:<br />

Ô(0) = 10 7 ãðí. (11.9.11)<br />

Ðîçâ’ÿçàííÿ. Íà öåé ðàç ìè ðîçâ’ÿæåìî ð³âíÿííÿ<br />

(11.9.9) ÿê ë³í³éíå äèôåðåíö³àëüíå ð³âíÿííÿ 1-ãî ïîðÿäêó.<br />

Î÷åâèäíî, ùî çàãàëüíèé ðîçâ’ÿçîê îäíîð³äíîãî ð³âíÿííÿ, ÿêå<br />

â³äïîâ³äຠð³âíÿííþ (11.9.9), ìຠâèãëÿä<br />

Ô ç.î. (t) =Ce –µt .<br />

×àñòèííèé ðîçâ’ÿçîê íåîäíîð³äíîãî ð³âíÿííÿ áóäåìî<br />

øóêàòè ó âèãëÿä³ êîíñòàíòè Ô = Ô ÷.í. . Òîä³ ³ç ð³âíÿííÿ<br />

(11.9.9) ìàòèìåìî<br />

ρ<br />

Ô ÷.í.<br />

= I . µ<br />

Îòæå, çã³äíî ç òåîð³ºþ ë³í³éíèõ äèôåðåíö³àëüíèõ ð³âíÿíü<br />

ïåðøîãî ïîðÿäêó (ï. 11.5) çàãàëüíèé ðîçâ’ÿçîê ð³âíÿííÿ<br />

(11.9.9) çàïèøåìî ó âèãëÿä³:<br />

Ô ç.í.<br />

= Ce + I . µ<br />

−µ t ρ<br />

Ç óðàõóâàííÿì ïî÷àòêîâî¿ óìîâè (11.9.11) ³ óìîâè<br />

(11.9.10) ìàòèìåìî<br />

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