Increasing the Efficiency of Decision-Making Process with the Help of Econometrics

Teselios Delia (), Vilcu Anca () and Albici Mihaela ()
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Teselios Delia: “Constantin Brancoveanu” University of Pitesti, Faculty of Management-Marketing in Economic Affairs Pitesti
Vilcu Anca: “Constantin Brancoveanu” University of Pitesti, Faculty of Management-Marketing in Economic Affairs Pitesti

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1211-1214

Abstract: Representing a combination of mathematical methods, economic theory and statistical techniques, econometrics has an important role in fields like management, marketing, accountancy, finance, etc. The large number of practicability fields represents the reason for which, in the last decades, econometrics has known a spectacular development, moving from studying macroeconomic phenomena to microeconomic phenomena. This paper aims to present an econometric analysis of the decision to replace a random wear terminal accomplished with the aim of decision substantiation regarding the IT field. within a company.

Keywords: econometrics; the operating probability; the operating curve; the rate of supply (search for similar items in EconPapers)
JEL-codes: C01 C60 D80 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1211-1214

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