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 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 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 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.

Methods of management decision making

2015 ◽  
Author(s):  
Кузнецова ◽  
Nina Kuznetsova
Keyword(s):  
Self Control ◽  
Management Decision ◽  
Federal State ◽  
Managerial Decision ◽  
Organization Management ◽  
Managerial Decisions ◽  
Educational Standard ◽  
The Hierarchical Structure ◽  
Management Decision Making ◽  
State Educational

Managerial decision-key element of the leader’s activity in the hierarchical structure of the organization management. In the manual there is opened identity, content, basic principles and methods of the process by making the managerial decisions. The publication contains theoretical material of the course, presented in schemes and tables, questions for the self-control, test materials, glossary, list of offered literature for studying. It corresponds to the Federal State Educational standard of Highest Vocational Education of the 3d generation. For the undergraduate, teachers, all those, who are interested in questions and problems of the modern management.

scholarly journals Transformation of the personnel competency model in the context of the transition to the digital economy

2020 ◽  
Vol 164 ◽  
pp. 09005
Author(s):  
Anna Belolipetskaya ◽  
Tatyana Golovina ◽  
Andrey Polyanin ◽  
Yulia Vertakova
Keyword(s):  
Information And Communication Technologies ◽  
Creative Thinking ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Management Decision ◽  
Economic Relations ◽  
Leading Role ◽  
Management Decision Making ◽  
Business Structures

The purpose of the research is to study the problems of the competence interface of personnel management of business structures in the context of digital transformation and to justify the organizational and managerial measures for its development and effective use. The analysis of various approaches to highlighting the competencies of personnel in the digital economy, by which is meant the confident and selective use of information and communication technologies in the ecosystem, is presented. It is determined that the use of digital technologies is a prerequisite for ensuring the competitiveness of business structures. The leading role of “soft” skills, including both cognitive and socio-behavioral abilities, is substantiated. A three-module model of personnel competencies in the context of digital transformation is suggested, in which such digital competencies and skills as: working with digital technologies, creative thinking and behavior, professionally oriented skills in the field of production and managerial activities are highlighted. The use of the competency-based approach to the digital transformation of economic processes helps to increase the adaptability of the existing system of economic relations to the conditions of the new technological structure, and provides the possibility of introducing end-to-end technologies into management decision-making processes in order to increase their efficiency.

Three perspectives on evidence-based management: rank, fit, variety

2018 ◽  
Vol 56 (10) ◽  
pp. 2085-2100 ◽  
Author(s):  
Peter F. Martelli ◽  
Tuna Cem Hayirli
Keyword(s):  
Decision Making ◽  
Science And Technology Studies ◽  
Management Decision ◽  
Evidence Based ◽  
Managerial Decision ◽  
Content Type ◽  
Rigorous Research ◽  
Central Notion ◽  
Management Decision Making ◽  
Cybernetic Theory

Purpose The debate on evidence-based management (EBMgt) has reached an impasse. The persistence of meaningful critiques highlights challenges embedded in the current frameworks. The field needs to consider new conceptual paths that appreciate these critiques, but move beyond them. The paper aims to discuss this issue. Design/methodology/approach This paper unpacks the concept of finding the “best available evidence,” which remains a central notion across definitions of EBMgt. For each element, it considers relevant theory and offers recommendations, concluding with a discussion of “bestness” as interpreted across three key dynamics – rank, fit, and variety. Findings The paper reinforces that EBMgt is a social technology, and draws on cybernetic theory to argue that the “best” evidence is produced not by rank or fit, but by variety. Through variety, EBMgt more readily captures the contextual, political, and relational aspects embedded in management decision making. Research limitations/implications While systematic reviews and empirical barriers remain important, more rigorous research evidence and larger catalogues of contingency factors are themselves insufficient to solve underlying sociopolitical concerns. Likewise, current critiques could benefit from theoretical bridges that not only reinforce learning and sensemaking in real organizations, but also build on the spirit of the project and progress made towards better managerial decision making. Originality/value The distinctive contribution of this paper is to offer a new lens on EBMgt drawing from cybernetic theory and science and technology studies. By proposing the theoretical frame of variety, it offers potential to resolve the impasse between those for and against EBMgt.

scholarly journals BUILDING INNOVATIVE FRAMEWORKS TO ENHANCE INTEGRATED BUSINESS STRUCTURE DEVELOPMENT IN ENTREPRENEURSHIP

2021 ◽  
Vol 155 (1) ◽  
pp. 22-27
Author(s):  
Asem Djamal Dawoud
Keyword(s):  
Development Strategy ◽  
Financial Economic ◽  
Business Development ◽  
Management Decision ◽  
Structural Elements ◽  
Structure Development ◽  
Management Decision Making ◽  
Business Structures ◽  
Business Pattern ◽  
Business Structure

The article presents the research findings on building innovative frameworks to enhance integrated business structure development in entrepreneurship. It is argued that integrated business structures that take into account the development trends and business activity rate to boost opportunities for the use of various organizational and legal management frameworks is the optimal management pattern to ensure entrepreneurship success. The study suggests that the specifics of business development strategy triggers the need to explore certain methodological aspects in management decision-making to boost integrated business structure activities. The article provides insights into specific features of innovative frameworks of integrated business structure development as well as identifies their structural elements. An emphasis is put that business structure performance is greatly affected by organizational, technical, financial, economic and operational business factors as well as the number of links in management chains. It is justified that in the context of selecting business structures, the integration goals and strategy are of critical importance. The study has identified the following structural elements of innovative frameworks to enhance integrated business structure development in entrepreneurship: providing targeted operational control in the areas of management; implementing strategic, systemic and tactical principles in the management process, ensuring optimal development of all business components subject to its key structural elements; type of organizational and legal business pattern; capital type and structure of integrating business structures; the model of financial arrangement and business interaction between the participants; management paradigm; the type of control; the degree of integration; the strategic priorities in business development.

scholarly journals Algorithm for making management decisions on the use of outsourcing by entrepreneurial structures

2021 ◽  
Vol 9 (1) ◽  
pp. 216-220
Author(s):  
Irina Truschenko
Keyword(s):  
Economic Crisis ◽  
Business Processes ◽  
Financial Resources ◽  
Economic Downturn ◽  
Management Decisions ◽  
Managerial Decision ◽  
Coronavirus Infection ◽  
Business Structures

Due to the economic downturn and high competition in the market, business structures are constantly looking for ways to optimize financial resources, as well as ways to increase their profits. Thus, a number of business structures use outsourcing as one of the effective tools for managing their resources. The transfer of individual business processes can allow the entrepreneurial structure to focus on strategically important areas of activity, due to which the profit of the entrepreneurial structure can be increased. According to the author's observations, the functioning of any business structures in the conditions of the economic crisis and the situation that has developed in connection with the spread of the new coronavirus infection COVID-19, outsourcing is a very relevant tool to increase competitiveness in the market. The article discusses the developed algorithm for making management decisions on the use of outsourcing by entrepreneurial structures. The process of making management decisions regarding the use of outsourcing is associated with a number of risks. The algorithm proposed by the author can help to minimize the risks arising when making a managerial decision on the use of outsourcing by entrepreneurial structures.

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

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