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Numerical Modeling And Simulation In Various Processes

Author

Listed:
  • ISBĂSOIU, Eliza Consuela

    (Faculty of Accounting and Finance, Câmpulung)

Abstract

The modeling and simulating of the economic processes is situated at the border of mathematics and technique of calculation. It deals with the substantiation of the managerial decision with efficiency for the producer, with the help of some flexible economic-mathematics models; they also offer the possibility of using the simulation technique. The economic modeling offers the manager the rigorous side of his actions, multiple chances in order to connect existing resources with the objectives pursued for a certain period of time, offering the possibility of a better and faster thinking and deciding process, without deforming the reality.

Suggested Citation

  • ISBĂSOIU, Eliza Consuela, 2011. "Numerical Modeling And Simulation In Various Processes," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 2(4), pages 99-106.
    • Handle: RePEc:ris:sphecs:0158
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    More about this item

    Keywords

    modeling; simulation; economic processes;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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