Acta Universitatis Danubius. Œconomica, Vol 10, No 4 (2014)

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.