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- Title
Predictive Decisions Based on Mimetic Models.
- Authors
Pascadi, Mihai-Vladimir; Scarlat, Cezar; Niculescu, Cristian
- Abstract
„Management of tomorrow” will be characterized by higher quality decisions; then new models, methods and instruments should be continuously developed, under the signs of higher complexity; big and extremely dynamic data; information and communication technology support. On the background of a proposed decision typology -- and in concert with several studies on time series analysis and their applications -- this paper presents the results of a recent doctoral research work on mimetic modeling of industry sub-systems. The aim of the paper is to solve the prob - lem of predictability in nonlinear dynamic systems by a new approach (mimetic modelling). Two practical case examples are presented. The results are important for both theorists (as academia, researchers' community) and practitioners (business people as well as strategists and decision makers at all levels -- micro- and macro- levels alike). Equally conceptual and applicative, based on strong mathematics and IT-supported, the paper offers a novel managerial instrument -- of high quality potential impact on the decision making process.
- Subjects
NONLINEAR dynamical systems; MIMETIC words; DECISION making in business; INNOVATIONS in business; STRATEGIC planning
- Publication
FAIMA Business & Management Journal, 2017, Vol 5, Issue 4, p35
- ISSN
2344-4088
- Publication type
Article