Methodology Making Management Decisions Based on a Modified Ramsey Model

Mihail Dudin (), Vladimir Sekerin, Maria Parfenova, Vladimir Babishin and Evgeny Yurkevich
Additional contact information
Vladimir Sekerin: Moscow state university of mechanical engineering
Maria Parfenova: Moscow Vitte University
Vladimir Babishin: Moscow labour market and information technologies academy
Evgeny Yurkevich: Institute of Control Sciences VA Trapeznikova RAS

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: In order to select a management strategy it is offered by commercial phase portraits of the interaction of managers and employees. Under the conditions of uncertainty of customer orders control function is specified on the basis of decision-making by a modification of the Ramsey model. As specified algorithm generating an output indicator is proposed to use a probabilistic form of the utility function. In order to analyze the possibilities depending on the characteristics of employees of the business process and the nature of external influences used extreme distribution law of random evaluations of the effectiveness of information exchange managers and employees.

Keywords: market characteristics; optimal control; phase portraits; engagement strategy; Ramsey's model; decision-making; the utility function; the possibility of the company's employees; business process; external influences (search for similar items in EconPapers)
Pages: 10 pages
Date: 2014
Note: Published in "Asian Social Science", 17'2014.
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Citations: View citations in EconPapers (4)

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