Mathematical Model for Choice Among Managerial Alternatives Using Situational Dynamics Foracasting at Industrial Enterprise

Abstract

This paper describes a profit optimization mathematical model used for managerial decision making in the short and medium terms. The work analyses the main problems arising before the management of an industrial organisation in conditions of global economic instability. The general model proposed for this type of problems is based on the economical factors evaluation with application of various methods of temporary ranks forecasting. In addition, this work justifies benefits of using this model in decision process at industrial organisation.