Using the Model of Rationalization and Approaching Group Decision within the SMEs in Romania

Cornelia Elena Tureac () and Ionica Oncioiu ()
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Cornelia Elena Tureac: Danubius University of Galati
Ionica Oncioiu: Titu Maiorescu University

Acta Universitatis Danubius. OEconomica, 2014, issue 10(4), 82-88

Abstract: Economic-mathematic modeling is used by the manager as an alternative to the experiment used in the exact sciences. The experiment is not possible or it is non-rational when it comes to economic issues, systems that cannot be subject to experiencing. In industry for example, a company cannot afford the implementation of all investment alternatives in order to choose the best one. The model used within the research methodology involves identifying interdependencies between certain elements of the decision-making process within the SMEs in Romania (it may be about set objectives, decision criteria, prioritizing the decision problems). It will be presented the formalization of this decision model for decision problem identification. The group aims at identifying the basic problem, which can cause most of the other problems and determine others. In conclusion after calculating matrices, the resulting situation is not simple, but the first issue that must be addressed is P4: poorly qualified staff. The next issue to address is P3: used production equipment. Once P3 and P4 are solved, it conditions P5: poorer quality products, we can therefore address P5 and P2: decreased market share; as a result of solving these problems it will be also solved P1: decrease of turnover.

Keywords: matrix; phase; problem; decision; interdependence (search for similar items in EconPapers)
Date: 2014
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