IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2014i4p82-88.html
   My bibliography  Save this article

Using the Model of Rationalization and Approaching Group Decision within the SMEs in Romania

Author

Listed:
  • Cornelia Elena Tureac

    (Danubius University of Galati)

  • Ionica Oncioiu

    (Titu Maiorescu University)

Abstract

Economic-mathematic modeling is used by the manager as an alternative to the experiment used in the exact sciences. The experiment is not possible or it is non-rational when it comes to economic issues, systems that cannot be subject to experiencing. In industry for example, a company cannot afford the implementation of all investment alternatives in order to choose the best one. The model used within the research methodology involves identifying interdependencies between certain elements of the decision-making process within the SMEs in Romania (it may be about set objectives, decision criteria, prioritizing the decision problems). It will be presented the formalization of this decision model for decision problem identification. The group aims at identifying the basic problem, which can cause most of the other problems and determine others. In conclusion after calculating matrices, the resulting situation is not simple, but the first issue that must be addressed is P4: poorly qualified staff. The next issue to address is P3: used production equipment. Once P3 and P4 are solved, it conditions P5: poorer quality products, we can therefore address P5 and P2: decreased market share; as a result of solving these problems it will be also solved P1: decrease of turnover.

Suggested Citation

  • Cornelia Elena Tureac & Ionica Oncioiu, 2014. "Using the Model of Rationalization and Approaching Group Decision within the SMEs in Romania," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(4), pages 82-88, August.
    • Handle: RePEc:dug:actaec:y:2014:i:4:p:82-88
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2508/2180
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2014:i:4:p:82-88. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.