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The relevance of this problem is primarily determined by a necessity of improving production efficiency in conditions of innovative development of the economy and implementation of Import Substitution Program. The purpose of the article is development of set of criteria and procedures for the comparative assessment of alternative volume production plans and choice of optimum alternative. The leading method of the study of the problem is economic-mathematical modeling, providing the variability of volume plan development on the basis of different factors and variables, which reflect actual operating standards of a particular study subject. The results of the study: In the article, economic-mathematical model for development of aggregate production plan was presented, on the basis of which alternatives was produced, estimated figures, characterizing efficiency of derived alternatives, were justified, the key factors, which determine a specific set of variables and constraints, were considered. The article materials can be useful for experts, which are specialized in planning of production and distribution of the production program in choosing optimum alternative of aggregate production plan. © 2016 Brazhnikov et al.