Features of the Economic-Mathematical Models for Optimizing the Production Program of a Construction Company
Особености на икономико-матаматическите модели за оптимизиране производствената програма на строителното предприятие

Author(s): Velina Yordanova, Yordan Petkov
Subject(s): Business Economy / Management
Published by: Икономически университет - Варна
Keywords: Construction company; Optimization; Production program
Summary/Abstract: In modern economic reality, each enterprise, including construction company, is forced to look for various tools to optimize its business to achieve high competitiveness. In this connection, the authors of this report look at such an instrument, namely the economic-mathematical models. This report attempts to point out some features related to the construction of economic-mathematical models for optimizing the production program of a construction company. The authors examine two main types of economic-mathematical models. The issue is related to the probability character of the parameters and two approaches are proposed to reduce the probability model to a determinate one. The main problem associated with defining the model‘s optimality criterion is considered.

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