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The Mathematical Substantiation of the Optimum Company Strategy

Author

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  • Ioan Constantin Dima

    (“Valahia” University of Târgovişte, Romania)

Abstract

Dynamic programming is a method of solving a class of optimizing problems of a special type whose mathematic model belongs to the category of the so-called sequential processes. These processes have as a main characteristic the fact that within their structure one may delineate (although sometimes artificially) several stages (phases) which may be associated to optimum solutions, their dynamics being given exactly by the method of identification of such solutions. The most employed approach is the one that considers strategy as including a succession of adopted strategic decisions during a certain period within the company, according to different functional areas or to certain organizing structural subdivisions.

Suggested Citation

  • Ioan Constantin Dima, 2007. "The Mathematical Substantiation of the Optimum Company Strategy," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 7, pages 103-106.
    • Handle: RePEc:pet:annals:v:7:y:2006:p:103-106
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