MODELING OF TIME DELAYED PROCESSES IN BUSINESS ECONOMICS

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F21%3APU143786" target="_blank" >RIV/00216305:26510/21:PU143786 - isvavai.cz</a>
Result on the web
<a href="http://conferinta.management.ase.ro/archives/2021/pdf%20IMC%202021/1%20pdf%20S1%20IMC%202021/1_8.pdf" target="_blank" >http://conferinta.management.ase.ro/archives/2021/pdf%20IMC%202021/1%20pdf%20S1%20IMC%202021/1_8.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.24818/IMC/2021/01.08" target="_blank" >10.24818/IMC/2021/01.08</a>

Result language
angličtina
Original language name
MODELING OF TIME DELAYED PROCESSES IN BUSINESS ECONOMICS
Original language description
The growth of mutual dependence and interconnection of markets of both national economies and multinational groups in the form of globalization processes is a typical characteristic of the current economic development. The turbulent environment of rapidly developing markets creates conditions for an increase in competition among econ)(tX omic entities, which is one of the main reasons for better allocation of factors of production and more efficient manufacturing, leading to improved competitiveness in the global market. In business practice, there are a number of phenomena characterized by changes and dynamics. Understanding the dynamics of these changes is crurial for the management decision-making since consumer behaviour changes in time these days. Therefore, we may perceive a company in a given context as a dynamic system with multiple elements and connections. In the business environment, we may consider production, consumption, investments and others to be static variables. A model of such a dynamic system is usually based on a system of differential equations describing changes of the static vector in time. This type of equations has been increasingly used in modelling of changes and motion in various scientific fields.
Czech name
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Czech description
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Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
PROCEEDINGS OF THE 15th INTERNATIONAL MANAGEMENT CONFERENCE
ISBN
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ISSN
2286-1440
e-ISSN
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Number of pages
11
Pages from-to
79-89
Publisher name
Neuveden
Place of publication
Bucharest
Event location
Bucharest
Event date
Nov 4, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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