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Optimization of Production Diversification

Author: Yunir R. Lutfullin, Dr. Sc. (Ec.), Prof. of Finance and Economic Analysis Dept., Ufa State Aviation Technical University

Dinara M. Karamova, Jr. Lecturer of Finance and Economic Analysis Dept., Ufa State Aviation Technical University

Abstract: The article provides the results of the research into theoretical aspects of production diversification. The authors pay special attention to the hierarchy of costs and benefits of alternative options for diversification. The combination of products that maximize profit of an enterprise is provided.

Keywords: Costs and benefits of alternative options for diversification, combination of products, maximizing profit of an enterprise