Modelling and Simulation in Management Econometric Models Used in th

This book is a comprehensive introduction of the reader into the simulation and modelling techniques and their application in the management of organisations. The book is rooted in the thorough understanding of systems theory applied to organisations and

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Ioan Constantin Dima Mariana Man

Modelling and Simulation in Management Econometric Models Used in the Management of Organizations

Contributions to Management Science

More information about this series at http://www.springer.com/series/1505

Ioan Constantin Dima • Mariana Man

Modelling and Simulation in Management Econometric Models Used in the Management of Organizations

Ioan Constantin Dima “Valahia” University of Targoviste Dambovita Romania

Mariana Man University of Petrosani Petrosani Hunedoara Romania

ISSN 1431-1941 ISSN 2197-716X (electronic) Contributions to Management Science ISBN 978-3-319-16591-2 ISBN 978-3-319-16592-9 (eBook) DOI 10.1007/978-3-319-16592-9 Library of Congress Control Number: 2015938760 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)

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Foreword

The globalisation we face nowadays derives from the fact that, by starting from the technological and economical development, a significant number of human activities are situated on such a large scale and scope that they exceed the national borders within the limits of which the sovereign states exercise their right to govern. The enhancement of current globalisation represents the fundamental feature of world economy at the beginning of the twenty-first century and is characterised by emphasising the trend to reduce and remove the barriers between the national economies and enhancing the connections between these economies. The diversity and flexibility, the ability to adapt and respond to chan