RESEARCH AND MODELLING OF THE EFFICIENCY FUNCTION IN A BUSINESS SYSTEM
RADOŠ PANTIÆ 1, LJUBODRAG ÐORÐEVIÆ 2, SINIŠA JOVANOVIÆ 3
1. COLLEGE OF MECHANICAL ENGINEERING, 37208 TRSTENIK, SERBIA; 2. FACULTY OF MECHANICAL ENGINEERING, 36000 KRALJEVO, SERBIA 3 DUNAV OSIGURANJE, 37000 KRUŠEVAC, SERBIA
Abstract
The paper presents the concept of multidimensional research work on efficiency function in a real business system based on holistic-systemic method. Under real conditions the efficiency function (d) is non-homogeneous so the paper presents it in multiparameter form, i.e. d=d (xi) based on parameters [1].