scholarly journals Model and method of making management decisions based on the analysis of geospatial information

2021 ◽  
Vol 5 (2) ◽  
pp. 42-48
Author(s):  
Ihor Butko
Keyword(s):  
Decision Making ◽  
Environmental Conditions ◽  
General Scheme ◽  
Management Decision ◽  
Management Decisions ◽  
Managerial Decision ◽  
Geospatial Information ◽  
Managerial Decision Making ◽  
Predictive Values ◽  
Managerial Decisions

The article proposes a model and method of making managerial decisions based on the analysis of geospatial information. The goal of the article is to improve the model and method of making managerial decisions based on the analysis of geospatial information. The results: the algorithm of process of acceptance of the administrative decision which consists of a situational and conceptual part is offered; the algorithm of actions of the head of the organization on the basis of the developed model of acceptance of the administrative decision is offered; the situation when the quality of the decision depends on external factors on which the decision-making body does not influence is considered; the general scheme of a method of acceptance of administrative decisions on the basis of the analysis of the geospatial information is resulted. The methods used are: methods of systems analysis, decision theory, information processing, optimal solutions, probability theory. Conclusions. The model of managerial decision-making has been improved, which, unlike the known ones, is dynamic and is based on the selection of decisions that are optimal by the combined criterion, using predictive values of probabilities of environmental conditions, which ensures the validity of management decisions. The method of managerial decision-making based on geospatial information analysis, which is based on data forecasting and management decision-making models and uses the method of semantic segmentation of species images to assess the a priori probabilities of environmental conditions, further enables decision-making in conditions of risk and uncertainty. The direction of further research is the development of information technology for management decisions based on the analysis of geospatial information.

scholarly journals Strategies for making management decisions in information and analytical activity

2021 ◽  
pp. 26-30
Author(s):  
Olha Danylyuk ◽  
Lyudmyla Petryshyn
Keyword(s):  
Decision Making ◽  
Management System ◽  
Management Decisions ◽  
Managerial Decision ◽  
Significant Information ◽  
Managerial Decision Making ◽  
Managerial Decisions ◽  
Regional Management ◽  
Analytical Research ◽  
Principles Of Design

The aim of the study is to substantiate and analyze the strategy of managerial decision-making in information and analytical activities, to specify the main aspects of analytics for decision-making.Strategies for making managerial decisions in information and analytical activities are substantiated. The relevance of the use of information-analytical research is determined. The main aspects of analytics for decision making are analyzed, as well as the ranging of classes according to the degree of intelligence and complexity of tasks is taken into account. The peculiarities of completeness and reliability of information for information-analytical research are revealed. It is determined, that information analytics is a component of management.The regional management analytics is analyzed, as a result of which it is proposed the scheme of regional management with the use of information and analytical support is offered. The basic principles of design are offered. It is proved, that the management system requires modern analytical support, performed according to the requirements of science, the latest methodologies, including information and analytical activities. Problems and negative sides in the process of information-analytical activity in the system of regional management are determined. It is noted, that information and analytical support helps to achieve the best results, and the effectiveness of activities in any field depends on the management system. The obtained research results will allow will improve planning, organization and coordination of managerial decision-making and will help to form a significant information capital for making relevant management decisions at all hierarchical levels of management

scholarly journals RISK STUDY IN THE DECISION-MAKING MANAGEMENT PROCESS

2021 ◽  
Author(s):  
Olha Matvieieva ◽  
Olha Bondarenko ◽  
Oksana Duksenko
Keyword(s):  
Decision Making ◽  
Economic Behavior ◽  
Management Decision ◽  
Management Decisions ◽  
Managerial Decision ◽  
Economic Relations ◽  
Managerial Decisions ◽  
Degree Of Risk ◽  
Economic Thinking ◽  
The Impact

The article examines the essence of risk in the process of making managerial decisions and the reasons for its occurrence. The subject of risk acceptance research is established. It is proved that the source of risk is uncertainty caused by irreversible inconsistency of elements of the whole economic system and the presence of sources that contribute to its growth, as well as: limited resources at the stage of making or implementing management decisions, influence of the a posteriori period, object of economic relations, existing differences and stereotypes in the economic behavior of different subjects of economic relations. Risk research is presented structured according to two dichotomies: the first – division into researches connected with risk assessment, and works in which acceptance of risk is studied; the second is based on the fact that decisions can be collective or made by a single entity. Factors influencing the degree of risk and its probability in the process of making management decisions are given. The dependence of alternatives and management decisions on the degree of risk and its probability is revealed. A critical analysis of risk theory identified the impact of the "law of risk" on the organization of economic activity and the decision-making process. The process of making managerial decisions is described taking into account the main types of managerial decisions, which is based on theories of decision making. It is proved that the theory of decision-making requires a new economic thinking, which will complement it by studying the behavior of not abstract, but the real subject of economic relations, which, in turn, will ensure the effectiveness of management decisions. The main provisions of the theory of decision making in the presence of risk are revealed. The dominant theory of managerial decision – making in the presence of risk is studied – the theory of maximizing the expected utility. The general regularity in the process of making the management decision taking into account alternatives and probability of risk is revealed. Determination of management decisions – willingness to take risks, which can be understood as a willingness to go beyond situational constraints, goal setting, including testing of personal abilities, theoretical knowledge and practical skills, qualifications, willingness to control the results of management.

scholarly journals Adoption of management decisions based on programming methods as a subgroup of methods for optimizing performance indicators

2019 ◽  
Vol 4 (9) ◽  
pp. 34-44
Author(s):  
А. Тебекин ◽  
A. Tebekin
Keyword(s):  
Decision Making ◽  
Performance Indicators ◽  
Management Decision ◽  
Management Decisions ◽  
General Classification ◽  
Managerial Decisions ◽  
Management Decision Making ◽  
First Time

The author's classification of management decision-making methods, including twenty-five classes of methods, is presented for the first time. As part of the general classification of management decision-making methods, the role and place of a group of methods for making managerial decisions based on the optimization of performance indicators was demonstrated. In the group of methods for making managerial decisions based on the optimization of performance indicators, a subgroup of programming methods (linear, nonlinear and dynamic) is considered in detail. The features of use and application are shown when making managerial decisions of a subgroup of programming methods.

scholarly journals Key sur(VIR)val factors in water supply companies: some lessons from Poland

2020 ◽  
Author(s):  
Paweł Chudziński ◽  
Szymon Cyfert ◽  
Wojciech Dyduch ◽  
Maciej Zastempowski
Keyword(s):  
Decision Making ◽  
Water Supply ◽  
Economic Crisis ◽  
Office Work ◽  
Key Factors ◽  
Managerial Decision ◽  
Home Office ◽  
Managerial Decision Making ◽  
Managerial Decisions ◽  
Made In

Abstract This paper presents the outcomes of research on managerial decisions that were made as a first reaction to the economic crisis caused by the SARS-Cov-19 virus (the coronacrisis). The research was carried out among 116 companies from the water supply sector operating in Poland that includes water supply and sewage. The results indicate which elements were perceived by managers as key factors for survival and further functioning. It is clear that the most frequent managerial decisions made were reducing investments and sending employees for home office work, as well as prolonging the payment deadlines. Interestingly, investment reductions were accompanied by sustaining the R&D expenses, as the researched organisations desired to stay competitive and innovative right after the crisis. Only a few of the water supply companies decided to make workers redundant, as the majority declared the intent to protect the workforce, e.g. by sending employees on leave. The research has also shown that the companies approached the coronacrisis rather methodologically and systematically, which indicates a good level of managerial decision-making under pressure, overall enterprise preparedness for crisis situations, as well as staff involvement. Based on our research, we offer some recommendations concerning how the water supply sector organisations can prepare for similar crises in the future. Our research indicates that the decisions made had the following goals in mind: protecting workforce and sustaining cash flow, as well as securing competitive position after the crisis. Our research also focuses on the necessary decisions to be made in water supply companies before the next crises.

Effectiveness of Management Decisions in the Education System

2020 ◽  
Author(s):  
И.А. Заякина
Keyword(s):  
Decision Making ◽  
Education System ◽  
Management Decisions ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Educational Activities ◽  
Goals And Objectives

в статье рассматриваются вопросы эффективности принятия управлен-ческих решений в системе образования; подчеркивается важность госу-дарственных целей и задач для организаций, осуществляющих образовательную деятельность. the article discusses the effectiveness of managerial decision-making in the education system; emphasizes the importance of state goals and objectives for organizations engaged in educational activities.

Modeling management decision making in the socially oriented business structures

2021 ◽  
Vol 96 (3) ◽  
pp. 78-86
Author(s):  
L. I. Kulakova ◽  
◽  
A. V. Polyanin ◽  
V. V. Tarnovskiy ◽  
◽  
...  
Keyword(s):  
Mathematical Models ◽  
Management Decision ◽  
Phase System ◽  
Management Decisions ◽  
Managerial Decision ◽  
Two Phase ◽  
Managerial Decisions ◽  
Non Linear ◽  
Management Decision Making ◽  
Business Structures

The article discusses the main economic and mathematical models used in making and implementing management decisions. It has been established that the beginning of making a managerial decision is determined by the nature of solution of managerial problem: creative and standard, implementation of a managerial decision is subordinate to the certainty of the result, that is, its probabilistic or deterministic outcome. The procedure and modeling of the process of making and implementing management decisions will be linear or non-linear. On this basis, the types of mathematical models for solving managerial problems are considered when making and implementing managerial decisions to optimize the chosen option. The author's model is proposed based on a two-phase system from the theory of queues with elements of nonlinear programming for making and implementing managerial decisions in socially oriented business structures. The model includes a combination of linear and non-linear programming. Since when conducting business, socially oriented entrepreneurial structures are aimed at obtaining two types of effects, both commercial and social.

scholarly journals Customer Profitability Analyses and Customer Lifetime Value

2015 ◽  
Vol 89 (7/8) ◽  
pp. 265-273
Author(s):  
Ashok Sridhar ◽  
Michael Corbey
Keyword(s):  
Decision Making ◽  
Retrospective Analysis ◽  
Customer Lifetime Value ◽  
Customer Profitability ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Managerial Decisions ◽  
Doing Business ◽  
Customer Lifetime ◽  
Lifetime Value

The main objective of this paper is to compare two key approaches in the !eld of Customer Accounting (CA), namely Customer Pro!tability Analysis (CPA) and Customer Lifetime Value (CLV). While CPA is a retrospective analysis of past accruals that represent the results of doing business with a customer over a certain, mostly single-period of time, CLV is a predictive measure of future customer-related cash "ows over a certain (multi-)period of time. This paper draws on the state-ofthe- art knowledge in the Customer Accounting (CA) literature to identify the impacts of CPA and CLV on managerial decision-making. It also offers recommendations as to the scenarios in which these metrics should be deployed in order to arrive at meaningful managerial decisions, and highlights their collective limitations.

scholarly journals Software product in the system of management of state-owned corporation

2021 ◽  
Vol 14 (3) ◽  
pp. 309-316
Author(s):  
O. V. Danilova ◽  
D. N. Zhuravleva
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Decision Making Process ◽  
Conceptual Basis ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Software Complex ◽  
Managerial Decisions ◽  
Software Product ◽  
Big Data Technologies

The authors present their methodological recommendations for choosing a software complex to make managerial decisions within a corporation’s activity. They study the system of management in state-owned corporations and give reasons for its improvement by means of implementing IT-decisions. Digitalization is transforming managerial decision making process in corporations in accordance with the speed of decision-making, timely maintenance of production process, ways and forms of information transmission. The authors prove that top-management’s responsibility for a company’s competitive positions in the market is growing fast due to the more intensive implementation of information technology and continuous development of innovative decisions. As state-owned enterprises have a complicated interdependent structure, the system of their management becomes a process which should conform with conceptual basis and principles of transformation of a company’s activity within digital economics. The authors prove that suggested recommendations for using big data technologies, determining and implementing IT-decisions make it possible to increase the efficiency of the management system by means of optimizing business process.

scholarly journals Risk Analysis in Managerial Decision-Making Based on Behavioral Approach

2021 ◽  
Vol 3 (518) ◽  
pp. 219-225
Author(s):  
O. M. Matvieieva ◽  
◽  
O. M. Bondarenko ◽  
O. P. Duksenko ◽  
◽  
...  
Keyword(s):  
Decision Making ◽  
Risk Analysis ◽  
Behavioral Approach ◽  
Managerial Decision ◽  
Managerial Decision Making ◽  
Managerial Decisions ◽  
First Case ◽  
Scientific Approach ◽  
Qualitative Level ◽  
Absolute Reliability

The article is aimed at studying the essence of risk in the process of making managerial decisions, taking into account the behavioral approach and identifying the causes of risk occurrence. The article carries out a risk study structured in accordance with two dichotomies: risk/reliability and risk/danger. At this, the concept of managerial decision risk means a complex set of alternatives, during the analysis of which there is a need to make a decision. The opposite side in each case acts only as a concept of reflection, whose function is to clarify what in a particular case is emphasized in the risk per se: the problem of measuring accuracy in the first case or the degree of responsibility for the damage itself — in the second. As for both differences, it is identified that there is no risk-free managerial decision. It is proved that the concept of risk in the process of making managerial decisions, taking into account the behavioral approach, should be contrasted with the concept of reliability. The scientific approach to determining reliability is presented in the statement that absolute reliability is unattainable. The phenomenon of reasonable risk in the process of making managerial decisions is provided, taking into account the behavioral approach, which is part of the general problem studied by economists and is terminologically recorded as «justified economic activity». An element of such activity is the managerial decision-making. The risks that are likely to arise in the process of managerial decisions taking into account behavioral approach, at both the qualitative and the quantitative levels are studied. It is proved that quantitative study of risks identified at the qualitative level is the main purpose of risk analysis in accordance with the theory of decision-making in the presence of risk.

scholarly journals Evaluating effi ciency of exploiting business capital of corporate enterprises of coal and mineral industry in Vietnam

2021 ◽  
Vol 14 (1) ◽  
pp. 25-31
Author(s):  
Vu Thi Duyen ◽  
I. A. Larionova
Keyword(s):  
Decision Making ◽  
Economic Activity ◽  
Managerial Decision ◽  
Mineral Industry ◽  
Managerial Decision Making ◽  
Managerial Decisions ◽  
Effi Ciency ◽  
Negative Phenomena ◽  
Sources Of Capital ◽  
Generalized Indicator

Evaluation of effi ciency of exploiting capital is an important part of a company’s economic activity. A reasonably formed system for monitoring effi ciency of exploiting the capital will provide the company with appropriate basis for managerial decision-making such as adjustment of scale and structure of investment and choice of sources of capital. When considering measures aimed at eliminating negative phenomena influencing the efficiency of exploiting business capital it is essential to use a complex of various analysis patterns to make perfect managerial decisions. The authors examine a complex of individual indicators which to their mind are essential to be used in analyzing efficiency of exploiting business capital in coal and mineral industry of Vietnam. The calculations revealed that a number of individual indicators which characterize efficiency of exploiting business capital for particular enterprises within the corporation of coal and mineral industry of Vietnam were significantly different from the average and showed considerable fluctuation. Therefore, development of measures to eliminate negative phenomena influencing the efficiency of exploiting business capital should include calculating both individual indicators and a generalized indicator (the evaluation vector) which could be used to study the character of their fluctuation as well as the values of the parameters under consideration.

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