Mathematical Modelling and Optimization of Business Processes: An Integrated Criterion of Chances and Risks
Abstract
The modelling of business processes of a new product creation now is mainly descriptive. Such approach does not allow to create a mathematical model and proceed with quantitative optimization of processes. As a result, it is impossible to design business processes properly. The article considers mathematical methods and models for quantitative optimization of manufacturing, supporting and service business processes under uncertainty. It embraces ambiguity of future economic conditions, uncertainty of a company’s financial resources, input prices uncertainty and demand for a new product uncertainty. The suggested mathematical models can be used as the basis for the development of specific software for business processes design.
Keywords:
business process, mathematical model, simulation, optimization, uncertainty, complex criterion, chances, risks
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Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.