IDEAS home Printed from https://ideas.repec.org/a/scm/ejafbu/v12y2024i1p100-108.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.accounting-management.ro/getpdf.php?paperid=34_15
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:ejafbu:v:12:y:2024:i:1:p:100-108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Liviu Scutariu The email address of this maintainer does not seem to be valid anymore. Please ask Liviu Scutariu to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.