Abstract:
In the context of globalization of economic development processes, the issue of
determining the level of public welfare of economic agents is particularly burning. The
object of ehis study is the process of assessing welfare of the economic entities system.
The subject of the study is the instrumental and mathematical aspects of modeling and
measuring the public welfare. The aim of the work is to develop the mathematical model
for measuring the welfare of Ukraine using methods of intellectual analysis, namely, the
theory of fuzzy sets. The output of the study is a new approach to objective estimation
of public welfare of the state. It is proposed to assess the level of public welfare of the
state on the basis of a mathematical model developed on the basis of the theory of fuzzy
sets. Input factors of the model are international indices and indicators, such as Index of
Economic Freedom, Global Peace Index, Democracy Index, Corruption Perceptions Index,
Human Development Index, Prosperity Index, Global Competitiveness Index as well as
an indicator that reflects the characteristic property of the Ukrainian economy, namely
the minimum living wage. Developed mathematical model for assessment of the level of
public welfare of Ukraine and made a prediction of the indicator by 2024 on the basis of
the above indices. The results of the study allowed us to establish that the level of public
welfare (units) in Ukraine on a scale from 0 to 100 will be equal to 25, 17, 32, 26, and 28 in
2020, 2021, 2022, 2023, and 2024, accordingly.
