THE IMPROVEMENT OF THE INVESTMENT DECISIONAL SUBSYSTEM

Claudia Isac () and Ilie Rascolean ()
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Claudia Isac: University of Petrosani, University St. 20
Ilie Rascolean: University of Petrosani, University St. 20

STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, 2008, vol. 1/2008, 119-134

Abstract: This paper presents instruments for investment process improvement starting from the improvement process characteristics, investment decisions, strategic decisions and thus investment decision subsystem. The approaches of specialists regarding the decision of retooling and reliability is based, generally, on a mathematic, quantitative support, and the main mathematic methods regarding the adoption of the retooling decision are: the simple score method, the balanced score method, operating cost – retooling cost method, the method of minimizing the total operating cost of technologic equipment, the method of comparing maintenance costs with total up-to-date expenses.

Keywords: improvement process; investment process; decision subsystem; simple score method; balanced score method. (search for similar items in EconPapers)
JEL-codes: E58 G21 G28 (search for similar items in EconPapers)
Date: 2008
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