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Modeling the Dynamics of the Production Process in the Conditions of Uncertainty with the Use of the Calculus of Variations

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  • Grzesiak Stefan

    (University of Szczecin, Faculty of Economics and Management, Department of Operations Research and Applied Mathematics in Economics, Mickiewicza 64, 71-101 Szczecin, Poland)

Abstract

The article examines the possibility of applying elements of the calculus of variations to determine the quasi-optimum distribution of production at the time in terms of stochastic. The discussion concerns the problems of modeling the distribution of production in a situation where we are dealing with a single product. Then, it has been generalized to a larger number of simultaneously produced ranges. In summary, it was the topic of the proposed methods possibilities of applications in practice firms.

Suggested Citation

  • Grzesiak Stefan, 2016. "Modeling the Dynamics of the Production Process in the Conditions of Uncertainty with the Use of the Calculus of Variations," Folia Oeconomica Stetinensia, Sciendo, vol. 16(1), pages 222-231, December.
    • Handle: RePEc:vrs:foeste:v:16:y:2016:i:1:p:222-231:n:14
    DOI: 10.1515/foli-2016-0014
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    Keywords

    calculus of variations; stochastic modeling; distribution of production at the time;
    All these keywords.

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory

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