@misc{Cichocki_Krzysztof_Improvement_2009, author={Cichocki, Krzysztof}, copyright={Creative Commons Attribution BY 4.0 license}, address={Warszawa}, journal={Raport Badawczy = Research Report}, howpublished={online}, year={2009}, publisher={Instytut Badań Systemowych. Polska Akademia Nauk}, publisher={Systems Research Institute. Polish Academy of Sciences}, language={eng}, abstract={The paper presents a computerized, optimization model for efficient financing of local investment. The model supports better governance and improvement of financial management at the local government level. An example of real life long-term budget analysis, with the help of the model is presented. The analysis exemplifies good practice and observation of standards of efficient debt management in the area of long-term financial and investment planning (Bitner, Cichocki, 2008) and enhances quality of governance by local managers. These analyses also demonstrate ways of accessing maximum, feasible level of investment and maximum capacity of a municipality to borrow with all safety measures provided.}, title={Improvement of financial management by local government: computer model implementation}, type={Text}, URL={http://rcin.org.pl/Content/99752/PDF/RB-2009-66.pdf}, keywords={Ryzyko, Finanse samorządu terytorialnego, Local government, Local finance, Debt management, Financial modelling, Risk, Modelowanie finansowe, Zarządzanie długiem}, }