Modeling the Dynamics of the Production Process in the Conditions of Uncertainty with the Use of the Calculus of Variations

Grzesiak Stefan ()
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Grzesiak Stefan: University of Szczecin, Faculty of Economics and Management, Department of Operations Research and Applied Mathematics in Economics, Mickiewicza 64, 71-101 Szczecin, Poland

Folia Oeconomica Stetinensia, 2016, vol. 16, issue 1, 222-231

Abstract: The article examines the possibility of applying elements of the calculus of variations to determine the quasi-optimum distribution of production at the time in terms of stochastic. The discussion concerns the problems of modeling the distribution of production in a situation where we are dealing with a single product. Then, it has been generalized to a larger number of simultaneously produced ranges. In summary, it was the topic of the proposed methods possibilities of applications in practice firms.

Keywords: calculus of variations; stochastic modeling; distribution of production at the time (search for similar items in EconPapers)
JEL-codes: C44 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:16:y:2016:i:1:p:222-231:n:14

DOI: 10.1515/foli-2016-0014

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