EconPapers    
Economics at your fingertips  
 

THE SELECTION OF ACQUISITION STRATEGY AND SOLVING TRADE SURPLUSES OF FOOD PRODUCTS BY USING THE SIMULATION

Neven Mikić, Ivana Ljubanović Ralević and Zoran Rajić

Economics of Agriculture, 2015, vol. 62, issue 1, 12

Abstract: Real business environment opens up many possibilities of business conduct, so that appropriate strategies, compatible with multicriteria requirements of the environment, potentially lead to the realization of the set goal. Adequate schedule and the optimal combination of available resources are possible to establish by a mathematical formalization in terms of the theoretical model that connects business outcomes with a cause or a probability of their occurrence. Exactly research of the possibility of using and applying the results of theoretical models in solving the specific tasks in regard to expressing relations of initial assumptions related to selection of the optimal operating strategy, is the initial motive of this paper. The theoretical models, which describe the real problem, can be analysed analytically or by simulation, depending on its complexity and the variables type, which describe it. The model should provide achieving the managing balance through the model correction of the available operational resources, increasing in that way also the capacity of decisionmaking system in terms of futuristic knowledge insufficiency. The research results should show that the simulation model apply, in this particular example, enables to a company significant increase of business efficiency level, more complex utilization of the capacities, increase of the competitiveness, etc.

Keywords: Agribusiness; Industrial Organization; Marketing (search for similar items in EconPapers)
Date: 2015
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://ageconsearch.umn.edu/record/200510/files/2%20EP%201%202015.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:iepeoa:200510

DOI: 10.22004/ag.econ.200510

Access Statistics for this article

More articles in Economics of Agriculture from Institute of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2021-01-16
Handle: RePEc:ags:iepeoa:200510