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Proposal of a SMEs Forecast Management Support System

Author

Listed:
  • Marin ANDREICA

    (The Bucharest University of Economic Studies, Romania)

  • Mãdãlina Ecaterina POPESCU

    (The Bucharest University of Economic Studies, Romania)

  • Dragos MICU

    (The Bucharest University of Economic Studies, Romania)

Abstract

This paper describes the main findings of the authors’ research concerning the conceptual aspects, the architecture and the functionality of a proposed SMEs forecast management support system, with customization on projected production management. The proposed system was experienced in SMEs industrial activity and is based on the concept of procedural modelling. Thus, it aims to assist the decision makers in elaborating forecasts and business planning in SMEs. Planning models are based on flexible optimization methods with vague restrictions and objective functions. The forecast activity is assisted by procedural models required to simulate several structures of indicators in order to forecast the evolution of the medium and long term synthetic indicators.

Suggested Citation

  • Marin ANDREICA & Mãdãlina Ecaterina POPESCU & Dragos MICU, 2014. "Proposal of a SMEs Forecast Management Support System," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(2), pages 237-243, May.
    • Handle: RePEc:rom:rmcimn:v:15:y:2014:i:2:p:237-243
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    File URL: https://rmci.ase.ro/no15vol2/08.pdf
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    References listed on IDEAS

    as
    1. Dragoº MICU & Cosmin LEFTER, 2011. "Forecast Management For The Economic System," International Conference Modern Approaches in Organisational Management and Economy, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 5(1), pages 289-294, November.
    2. Nicolas Carnot & Vincent Koen & Bruno Tissot, 2005. "Economic Forecasting," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-00581-5.
    3. Marin ANDREICA & Madalina Ecaterina ANDREICA & Dragos MICU, 2013. "Conclusions On Modeling Development Programs Within Economic Organizations," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 7(1), pages 56-62, November.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Mãdãlina Ecaterina POPESCU, 2015. "Proposal for a Decision Support System to Predict Financial Distress," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(1), pages 112-118, March.
    2. Ion-Petru POPESCU & Catalin Alexandru BARBU & Madalina Ecaterina POPESCU, 2015. "Identity And Access Management- A Risk-Based Approach," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 572-580, November.

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    More about this item

    Keywords

    SMEs; forecast management; support system; procedural modelling; planning activity.;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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