Economic and Mathematical Modeling in Informational Support of Innovational Processes Management Functions

Варналій, Захарій; Voynarenko, Mykhaylo; Yemchuk, Liudmyla; Dzhulii, Larysa; Skorobohata, Larysa; Bushovska, Lesia

doi:10.1109/acit49673.2020.9208913

Cited by 1 publication

(3 citation statements)

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“…Mathematical modeling is used to create mathematical models that describe the system and its interaction with the environment. Models can be static or dynamic and can be used to analyze different scenarios and determine optimal decisions [5][6][7][8][9].…”

Section: S: P= G -Cmentioning

confidence: 99%

“…This value X itself is called the solution of the corresponding problem, for example, the problem of resource allocation, the transport problem, etc. These problems are usually distinguished from traditional optimization by their discrete nature that does not allow using a powerful apparatus of mathematical analysis, as well as by their applied nature associated not just with research, but with the choice of actions that directly affect the lives of many people and companies [5][6][7][8][9].…”

Section: Introductionmentioning

confidence: 99%

“…In the 1960s, it became clear that an unclear goal or rather the presence of several contradictory performance criteria prevented from solving, and even formulating decision making problems in the form of optimization statements. Various methods of multi-criteria assessment of alternatives came to the fore [5][6][7][8][9].…”

Section: Introductionmentioning

confidence: 99%

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Methodological aspects of applying mathematical modeling in making managerial decisions

Kurakova

2023

E3S Web of Conf.

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This paper considers the use of mathematical models in management. In today's world, managerial decision making is becoming an increasingly complex process and requires the use of various tools and methods. Any company makes decisions on a continuous basis, since the management process is continuous, and the content of management is determined by the content of decisions made. The author of this paper considers methodological approaches to the application of mathematical modeling in making managerial decisions based on data analysis and computational methods. Mathematical modeling helps analyze complex systems and processes, find optimal decisions, and predict the results. This paper describes the general algorithm of making a managerial decision and types of mathematical models that can be used in making managerial decisions. In addition, the paper presents an algorithm for applying mathematical modeling in making managerial decisions and considers an example of using mathematical modeling when solving a real problem. In conclusion, the author emphasizes the importance of applying a correct approach to the use of mathematical modeling in management and offers her recommendations. To achieve the maximum efficiency, it is necessary to choose the right methods and algorithms, as well as to have a sufficient amount of data for analysis. The article will be of interest to specialists in the field of management and economics, as well as to anyone who is interested in the use of mathematical methods in solving management problems.

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Section: S: P= G -Cmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%