Modeling the Dynamics of the Production Process in the Conditions of Uncertainty with the Use of the Calculus of Variations Cover Image

Modeling the Dynamics of the Production Process in the Conditions of Uncertainty with the Use of the Calculus of Variations
Modeling the Dynamics of the Production Process in the Conditions of Uncertainty with the Use of the Calculus of Variations

Author(s): Stefan Grzesiak
Subject(s): Economy, Micro-Economics, Financial Markets, Socio-Economic Research
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: calculus of variations; stochastic modeling; distribution of production at the time

Summary/Abstract: The article examines the possibility of applying elements of the calculus of variations to determine the quasi-optimum distribution of production at the time in terms of stochastic. The discussion concerns the problems of modeling the distribution of production in a situation where we are dealing with a single product. Then, it has been generalized to a larger number of simultaneously produced ranges. In summary, it was the topic of the proposed methods possibilities of applications in practice firms.

  • Issue Year: 16/2016
  • Issue No: 1
  • Page Range: 222-231
  • Page Count: 10
  • Language: English