System Dynamics Model of Sustainable Development in the Region

The paper presents the results of a study aimed at developing a system dynamics model of sustainable development in the region. It is proved that the management of sustainable development in the region should be based on a reasonable forecast of the future. However, under current conditions, with a high level of instability, there are many possible futures. Therefore it was concluded that the modeling of regional development is appropriate to use a scenario approach, engendering possible scenarios. The paper proposed the development of a simulation (system dynamic) model of the Kharkiv region, which includes the following basic block: \"Social services\", \"Budget\", \"Economy\", \"Investment\", \"Foreign Trade\", \"Innovation\" and \"Ecology\". The article describes the structure of the blocks and provides flow diagrams and cause-effect relationships in them.