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A Mathematical Formalization Proposal for Business Growth

Author

Listed:
  • Gheorghe BAILESTEANU
  • Diana TARNAVEANU

Abstract

Economic sciences have known a spectacular evolution in the last century; beginning to use axiomatic methods, applying mathematical instruments as a decision-making tool. The quest to formalization needs to be addressed from various different angles, reducing entry and operating formal costs, increasing the incentives for firms to operate formally, reducing obstacles to their growth, and searching for inexpensive approaches through which to enforce compliancy with government regulations. This paper proposes a formalized approach to business growth, based on mathematics and logics, taking into consideration the particularities of the economic sector.

Suggested Citation

  • Gheorghe BAILESTEANU & Diana TARNAVEANU, 2013. "A Mathematical Formalization Proposal for Business Growth," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 17(1), pages 74-85.
    • Handle: RePEc:aes:infoec:v:17:y:2013:i:1:p:74-85
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