Payments flows system-dynamic model for assessing the efficiency of leasing operations

Abstract

Introduction. The relevance of the financial leasing effeciency issues for Ukraine is due to the fact that its economic and social development is largely influenced by the amount of investment in the fixed assets of enterprises, which ensures their competitiveness, contributes to the development of small and medium-sized businesses and the creation of new jobs. The main factor in the attractiveness of leasing operations for the lessee is the amount of leasing payments. The efficiency of leasing operations for the lessee can be determined by comparing the total amount paid under the leasing agreement with the cost of the bank credit. In this context, the application of simulation modeling, in particular such an approach as system dynamics, is relevant to support decision-making in the field of financial leasing. The purpose of the work is to investigate the theoretical and practical aspects of the calculation of leasing payments, to build a system-dynamic model of payment flows for assessing the efficiency of leasing operations, in the calculation of which depreciation assignments are сonsidered according to current legislation. Methodology. To achieve the goal, general scientific methods of theoretical generalization and comparison, methods of induction and deduction were applied – for the analysis of methodical approaches to the calculation of leasing payments, tools of system dynamics – for the analysis and modeling of payment flows of financial leasing and bank credit. We used the methods of calculating depreciation of leased property provided by the current legislation in the calculations of leasing payments. Results. The article discusses the issue of system-dynamic modeling of payment flows of financial leasing and bank credit for assessing the effeciency of leasing operations. The main problems related to the calculation of leasing payments are summarized. It has been established that the use of non-linear depreciation methods in calculations, in particular the method of reducing the residual value, leads to lower costs for the lessee and an increase in the efficiency of the leasing operation for the lessee.