Publication detail

The Use of Simulation in Business Area

DOSTÁL, P.

Original Title

The Use of Simulation in Business Area

Czech Title

Využití simulace v podnikatelské sféře

English Title

The Use of Simulation in Business Area

Type

journal article

Language

en

Original Abstract

The aim of the article is to present the possible use of simulation in business. The suggested methodology uses the partial differential equations of second order. The built up model is described, its inputs and outputs are explained and interpretation of its results are mentioned. The case study is presented on simulation in business. The conclusion covers the advantages and disadvantages of simulation. The simulation serves as a support of decision making processes to entrepreneurs.

Czech abstract

Článek popisuje využití možnosti simulace v podnikatelství. V článku je popsán model, jeho vstupy a výstupy a vysvětlena interpretace výsledků. Případová studie je uvedena na simulacích v podnikání. Závěr popisuje výhody a nevýhody simulace. Simulace slouží jako podpora pro rozhodování podnikatelů.

English abstract

The aim of the article is to present the possible use of simulation in business. The suggested methodology uses the partial differential equations of second order. The built up model is described, its inputs and outputs are explained and interpretation of its results are mentioned. The case study is presented on simulation in business. The conclusion covers the advantages and disadvantages of simulation. The simulation serves as a support of decision making processes to entrepreneurs.

Keywords

Simulation, model, business, decision making, entrepreneuers

RIV year

2011

Released

19.05.2011

Publisher

Izhevsk State Technical University

Location

Izhevsk State

Pages from

50

Pages to

56

Pages count

7