Modeling Instruments in Managerial Decision-Making: Actual Problems and Trends of Development

Abstract

The object of the present article are the new approaches to decision-making in management of social and economic systems. These new approaches have an aim to be more relevant to characteristics of modern economic life, such as volatility and high speed of metamorphosis. In the present exploration we expect to provide this relevance owing to three components. The first one is system economy: each manager’s decision should take in account that economic system managed by the manager includes sub-systems of four types: environment, object, process and project. The second component is the connections between decision of a manager and basic functions executed by the manager in an economic system: producing, administrating, entrepreneurship and integration. And the third component which connects the previous two is a phenomenological modeling. It’s being used for a long period already in nature studying and technics for designing production circumstances of particular materials. And then integrating such models forms a base for creating model which describes long-term laws of the relative materials’ behavior. We offer to accept this experience to arena provided with management of economic systems. In the similar way, here phenomenological models are the base of managerial decisions for particular situations which are accompanied by lack of information, but demand making a decision in the shortest period.