A new approach to developing and optimizing organization strategy based on stochastic quantitative model of strategic performance

DOI10.17535/CRORR.2014.0029MaRDI QIDQ2966429zbMATH OpenOpenAlexFDO

Authors Marko Hell, Dmitry Ershov

Publication date 7 March 2017

Published in Croatian operational research review (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial 4.0 International

Full work available at URL https://doi.org/10.17535/crorr.2014.0029

zbMATH Keywords

Monte Carlo simulationoptimal resource allocationstrategic managementexpert evaluationsquantitative model of strategic performance

Mathematics Subject Classification ID

Monte Carlo methods (65C05) Numerical mathematical programming methods (65K05) Management decision making, including multiple objectives (90B50) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Stochastic programming (90C15)

Recommendations

• Strategy, performance and operational research
• System modeling and control of organization business processes with balance scorecard and system dynamics
• Usage of interval cause-effect relationship coefficients in the quantitative model of strategic performance
• Constructing the decision model based on Bayes
• Managing critical success strategies for an enterprise resource planning project

Cites work

• scientific article; zbMATH DE number 1139029 (Why is no real title available?)
• An expert system for the selection of strategic planning technique

Cited in

(4)

• Usage of interval cause-effect relationship coefficients in the quantitative model of strategic performance
• Mapping distinctive competencies: a systemic approach
• A quantitative target-setting model using Monte Carlo simulation method: mapping in strategic management and balanced scorecard (BSC) context
• scientific article; zbMATH DE number 893386 (Why is no real title available?)

Describes a project that uses

Uses Software

• AgentStra

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