0000000001167913

AUTHOR

Adrian Cioca

showing 2 related works from this author

MINIMIZING COSTS UNDER CONSTRAINTS

2007

Abstract The present paper deals with the costs the production of goods and services involves in the conditions of a company's struggle to keep those costs as low as possible in order to afford competitive prices on various markets. Several types of constraints emerge which compel the management to consume resources, for instance financial resources, in order to respond to constraints. This is the case with protection equipment or environmental requirements and pollution prevention.

Goods and servicesOrder (business)Pollution preventionEconomicsProduction (economics)General MedicineEnvironmental economicsIFAC Proceedings Volumes
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PRODUCTION FLEXIBILITY AND ADAPTING TO MARKET CHANGES

2007

Abstract This paper describes those situations when a company, an organization, in its search for minimum costs, including those involved by investment, and production flexibility, manages to adapt to those changes that ensure survival on the market. Economies of scale are an attraction for any firm and thus globalized, huge firms emerge, conquering continuously developing markets. However, smaller firms face market changes that are usually dangerous in terms of sustainability. The paper highlights those market components that provide information on adapting production through flexibility.

Factor marketFlexibility (engineering)Market economySustainabilityProduction (economics)General MedicineBusinessInvestment (macroeconomics)Adaptation (computer science)Emerging marketsIndustrial organizationEconomies of scaleIFAC Proceedings Volumes
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