The Use of Modern Methods of Mathematical Modelling to Backup Decision Making in Business Management

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F15%3APU116598" target="_blank" >RIV/00216305:26510/15:PU116598 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The Use of Modern Methods of Mathematical Modelling to Backup Decision Making in Business Management
Original language description
Mathematical economics is a discipline using economic theories and mathematics to investigate the economic legitimacy. The fundamental method of mathematical economics is so called mathematical modelling that is creating models of economic phenomena. Inmodelling the mathematisation brings mainly objective generalised view of the investigated phenomena and in its consequences leads to formalisation of knowledge and elaboration of new theories, through which it significantly influences the development ofthe fields. One of the advantages of using mathematics in economics is the fact that mathematics is comprehensible to people speaking via different mother tongues. Disadvantage of using the mathematics in economics is the jeopardy that the mathematicalview may outweigh the economical one.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Innovation Management and Sustainable Economic Competitive Advantage: From Regional Development to Global Growth
ISBN
978-0-9860419-5-2
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
1203-1210
Publisher name
IBIMA publishing
Place of publication
Madrid
Event location
Madrid
Event date
Nov 11, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000366872700118

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