Modelling and Simulation in Management: Econometric Models Used in the Management of Organizations (Contributions to Management Science)

This book is a comprehensive introduction of the reader into the simulation and modelling techniques and their application in the management of organisations. The book is rooted in the thorough understanding of systems theory applied to organisations and focuses on how this theory can apply to econometric models used in the management of organisations. The econometric models in this book employ linear and dynamic programming, graph theory, queuing theory, game theory, etc. and are presented and analysed in various fields of application, such as investment management, stock management, strategic decision making, management of production costs and the lifecycle costs of quality and non-quality products, production quality Management, etc. Front Matter....Pages i-xxii Front Matter....Pages 1-1 Considerations on Systems Theory....Pages 3-24 Addressing the Organisational Entities by Using the Systems Theory....Pages 25-48 Organisational Entities Under the Conditions of Market Economy Globalisation....Pages 49-66 Front Matter....Pages 67-67 Econometrics and Scientific Management....Pages 69-96 Simulation and Modelling: Econometric Technique....Pages 97-136 Use of Production Functions in Econometrics....Pages 137-158 Front Matter....Pages 159-159 Models Based on Linear Programming....Pages 161-207 Models Focused on Dynamic Programming....Pages 209-224 Models Using the Graph Theory....Pages 225-245 Models that Use the Queuing String Theory....Pages 247-279 Models Based on the Theory of Games....Pages 281-328 Models Used in Stock Management....Pages 329-353 Models Used in the Management of Replacing Fixed Assets....Pages 355-375 Econometric Models Used in the Management of Production Costs....Pages 377-434 Using Budgets Modeling Unit Cost of Production....Pages 435-479 Models Used in Production Quality Management....Pages 481-523