iconicon Uproszczony widok
 

Optimisation models and the economics of managerial decision-making

cris.lastimport.scopus2024-09-17T01:30:54Z
dc.abstract.enMaking optimal decisions is a process whose aim is to select the best solution from the perspective of efficiency, economy and rationality. This process includes a group of logically related mental and computational operations. They lead to the selection of the best possible decision-making option. To optimize decision-making processes and increase their quality, various methods and techniques based on mathematics and statistics are used. Decision-making is a basic condition for solving management and economic problems in an organization, whether traditional, process-based or project-based.
dc.affiliationAdministracji i Nauk Społecznych
dc.contributor.authorKamila Ćwik
dc.contributor.authorSylwia Skrzypek-Ahmed
dc.contributor.authorWiktor Cwynar
dc.contributor.authorStanisław Skowron
dc.contributor.authorBarbara Mróz-Gorgoń
dc.date.accessioned2024-03-22T11:55:17Z
dc.date.available2024-03-22T11:55:17Z
dc.date.issued2023
dc.description.abstract<jats:p>Making optimal decisions is a process whose aim is to select the best solution from the perspective of efficiency, economy and rationality. This process includes a group of logically related mental and computational operations. They lead to the selection of the best possible decision-making option. To optimize decision-making processes and increase their quality, various methods and techniques based on mathematics and statistics are used. Decision-making is a basic condition for solving management and economic problems in an organization, whether traditional, process-based or project-based. Rational models, where the issue of rationality in the decision-making process is considered in relation to: conditions and assumptions that must be met in order for decisions to be classified as rational, practical recommendations (how a rational manager should act), model approaches to decision-making processes (how how decision-making processes should proceed). Behavioral models of bounded rationality. Here, the decision-maker follows the rules of full rationality, but is not "perfect" in his tasks. He is prevented from acting fully rationally by certain limitations: cognitive, motivational, organizational or emotional. Heuristic models - they assume a complete departure from full rationality, present real decision-making processes, akin to the "double process" mozel - integrate an approach oriented on rational analysis with an approach oriented on intuition</jats:p>
dc.identifier.doi10.13166/jms/176485
dc.identifier.issn1734-2031
dc.identifier.issn2391-789X
dc.identifier.urihttps://repo.akademiawsei.eu/handle/item/129
dc.languageen
dc.pbn.affiliationeconomics and finance
dc.relation.ispartofJournal of Modern Science
dc.rightsCC-BY-SA
dc.subject.endecision planning
dc.subject.endecision making process
dc.subject.enmanagerial decision making
dc.subject.enoptimization
dc.subject.enefficiency
dc.subject.enrationality
dc.titleOptimisation models and the economics of managerial decision-making
dc.typeReviewArticle
dspace.entity.typePublication
oaire.citation.issue5
oaire.citation.volume54