The Mathematical Substantiation of the Optimum Company Strategy

Ioan Constantin Dima
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Ioan Constantin Dima: “Valahia” University of Târgovişte, Romania

Annals of the University of Petrosani, Economics, 2007, vol. 7, 103-106

Abstract: Dynamic programming is a method of solving a class of optimizing problems of a special type whose mathematic model belongs to the category of the so-called sequential processes. These processes have as a main characteristic the fact that within their structure one may delineate (although sometimes artificially) several stages (phases) which may be associated to optimum solutions, their dynamics being given exactly by the method of identification of such solutions. The most employed approach is the one that considers strategy as including a succession of adopted strategic decisions during a certain period within the company, according to different functional areas or to certain organizing structural subdivisions.

Keywords: company strategy; strategic decisions; mathematical model of optimization (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:7:y:2006:p:103-106

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