The paper shows how to choose the most convenient type of farm by means of methods for multi criteria evaluation of alternatives. Because of multifunctional character of agriculture, type of farm must be valuated from different views, according to different criteria. The multi criteria decision...

The paper deals with the mathematical modelling of some requirements that must be fulfilled at a choice of entrepreneurial intentions. The author mathematically formulates some special constraints and various types of the objective function in linear optimization models of entrepreneurial...

The paper deals with two specific types of utility functions displaying decision maker's risk aversion at expressing the utility of monetary values. These functions are following: w(c) = 1 – e-x/R, u(x) = ln(x + R), where x is a monetary value and R is a constant expressing the degree of risk...

PERT (Program Evaluation and Review Technique) is a well-known method for planning and scheduling large-scale stochastic projects with random activity durations. The paper deals with an approximation to probability distribution of this random variable by using beta distribution and triangular...

Oligopoly market is characterized by the production of homogenous commodities with very similar attributes. The market can be segmented into groups of producers - oligopolists by means of cluster analysis. Regression analysis makes possible to derive cost functions for production of this...

The paper deals with two specific types of utility functions displaying decision maker's risk aversion at expressing the utility of monetary values. These functions are following: w(c) = 1 – e-x/R, u(x) = ln(x + R), where x is a monetary value and R is a constant expressing the degree of risk...

The paper shows how to choose the most convenient type of farm by means of methods for multi criteria evaluation of alternatives. Because of multifunctional character of agriculture, type of farm must be valuated from different views, according to different criteria. The multi criteria decision...

The paper deals with a special type of inventory model with a one-shot supply and with a random demand in a certain period. In the paper, formulas for determination of the optimal one-shot supply are derived in the case both continuous and discrete random demand. This optimal supply ensures the...

PERT (Program Evaluation and Review Technique) is a well-known method for planning and scheduling large-scale stochastic projects with random activity durations. The paper deals with an approximation to probability distribution of this random variable by using beta distribution and triangular...

Oligopoly market is characterized by the production of homogenous commodities with very similar attributes. The market can be segmented into groups of producers - oligopolists by means of cluster analysis. Regression analysis makes possible to derive cost functions for production of this...