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Usage of informational systems in economic applications

Author

Listed:
  • Danut-Octavian SIMION

    (Athenaeum University, Bucharest, Romania)

  • Emilia VASILE

    (Athenaeum University, Bucharest, Romania)

Abstract

The paper presents the usage of informational systems in economic applications. The information system connects the managed system with the management system, being subordinated to them. This link is bidirectional. It can be said that the information system is the “shadow†of the economic processes in the unit. The use of the computing technique produced mutations in the way of carrying out the activities carried out within an information system, and implicitly determined the appearance of the information system concept. The information system is an assembly of functionally interconnected elements in order to automate the obtaining of the information necessary for substantiating the decisions. The usage of informational systems requires a mechanism of building alternatives that give the management of a company the possibility to chose an alternative that may give an advantage in front of the competiton.The economic applications may provide the alternatives based on data stored in files and databases. These applications represent the base for the informational systems and they ensure a higher productivity that gives the advantage before the competition.

Suggested Citation

  • Danut-Octavian SIMION & Emilia VASILE, 2018. "Usage of informational systems in economic applications," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 51(3), pages 9-23, September.
    • Handle: RePEc:ath:journl:v:51:y:2018:i:3:p:9-23
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    More about this item

    Keywords

    Informational systems; business environment; programing algorithms; information systems; business alternatives; programing language;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software

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