POSSIBILITIES OF EVALUATION OF THE EXPENDITURE OF THE CLOTHING INDUSTRY BY THE MONTE CARLO METHOD
POSSIBILITIES OF EVALUATION OF THE EXPENDITURE OF THE CLOTHING INDUSTRY BY THE MONTE CARLO METHOD
Author(s): Teodora Maria Suciu (Avram)Subject(s): Business Economy / Management, Micro-Economics, Present Times (2010 - today), Marketing / Advertising, ICT Information and Communications Technologies
Published by: EDITURA INDEPENDENŢA ECONOMICĂ
Keywords: Monte Carlo method; expenses; probability distribution; random variable; clothing industry; scenario;
Summary/Abstract: The analysis of the possibilities by which the expenses can be measured in the clothing industry in Romania, is the starting point of this research. We consider it useful to know the ways of measuring the expenses at the level of companies, in order to obtain a greater profit, by using as little resources as possible. The results of the empirical study are satisfactory, in the sense that through the safety interval of the average of the expenses, it is possible at any time to check the state of the company's performance. Therefore, according to the results of the proposed model, the company that is the subject of the case study should find solutions to reduce the operating and financial expenses existing in 2017.
Journal: REVISTA ECONOMIA CONTEMPORANĂ
- Issue Year: 5/2020
- Issue No: 3
- Page Range: 29-37
- Page Count: 9
- Language: English