MATHEMATICAL MODELING AND ASSESSMENT OF ECONOMIC STABILITY SCANDIAC HOTELS

Abstract

The article builds a mathematical model for the operation of Scandic Hotels based on the Cobb--Douglas production function. The information base of the modeling was the data of the hotel's financial statements for 2017--2021. The model is formalized as a computer program written in Java algorithmic language. The adequacy and reliability of the constructed mathematical model was verified using the coefficient of determination, the high value of which confirms the reliability of the constructed model. Based on the constructed model, an assessment of the economic sustainability of Scandic Hotels was carried out. The practical significance of the work lies in the fact that the author's computer programs for modeling and validating the model are registered by the Federal Intellectual Property Service of Russia in the State Register of Computer Programs, lie in the public domain and can be used in similar studies to develop measures to assess the economic sustainability of enterprises in the hotel industry.