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Optimization Of Resources Through Modern Decision-Making Technologies As A Function Of Capital Invested

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  • Anamaria-Geanina MACOVEI

    (Stefan cel Mare University of Suceava, 720229, Romania)

Abstract

In a dynamic and competitive economic environment, the efficient use of resources is essential for the success of manufacturing companies/enterprises. The study examines how modern economic-mathematical methods and technological solutions, such as artificial intelligence (AI), big data analytics and ERP platforms, can be used to help optimize resources and decision-making. To find the optimal solutions in the use of material, human and financial resources, the focus is on integrating linear programming models with complex IT tools. The study focuses on the use of customized IT solutions in value chain management, highlighting how they can improve operational efficiency and the quality of decision-making processes. Through the responsible use of resources, it emphasizes the sustainability of production processes, providing examples of reducing costs, maximizing benefits and minimizing losses. The conclusions emphasize that the adoption of modern digital technologies and the application of optimization techniques enable firms to quickly adapt to market requirements and strengthen their competitive position, ensuring long-term sustainable growth. The study provides a theoretical and practical perspective on the changes in decision-making and how integrated solutions can maximize economic performance in a globalized world.

Suggested Citation

  • Anamaria-Geanina MACOVEI, 2024. "Optimization Of Resources Through Modern Decision-Making Technologies As A Function Of Capital Invested," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 12(1), pages 100-108, February.
    • Handle: RePEc:scm:ejafbu:v:12:y:2024:i:1:p:100-108
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    References listed on IDEAS

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    1. Cristina Gabriela Cosmulese, 2022. "Discontinuity Of Digital Platforms," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 10(3), pages 3-7, October.
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