The concept of optimization problems and optimization models

Economic and mathematical problems, the purpose of which is to find the best (optimal) from the point of view of some criterion or criteria for the use of available resources (labor, capital, etc.), are called optimization. Optimization problems (OZ) are solved using optimization models (OM) by methods of mathematical programming. The structure of the optimization […]

The concept of strategy, competitive strategy

The word “strategy” comes from the Greek strategos, “the art of the general.” The military origin of the term should come as no surprise. It was strategos that allowed Alexander the Great to conquer the world [10 p.257]. In the military, this concept also means “plan to defeat the enemy”, “the art of military management”. […]