Computer-based multi-attribute simulation of production and financial strategies

Hannu Kivijärvi*, Markku Tuominen

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

1 Citation (Scopus)

Abstract

In this study the synergetic effects of production, financial and marketing planning are of interest. It is shown how a corporate model can effectively serve as a tool in the process of integrating and coordinating production, financial and marketing plans. When the outputs of the corporate model are combined with a hierarchical evaluation procedure the congruent objectives are found. The evidence from the study is that the quality and quantity of information for corporate strategic decision making can be fundamentally extended by such a computer-based integration. This kind of management information system combines traditional data, subjective evaluations, and planning models interactively in order to improve the effectiveness of a manufacturing firm.

Original languageEnglish
Pages (from-to)331-341
Number of pages11
JournalEngineering Costs and Production Economics
Volume17
Issue number1-4
DOIs
Publication statusPublished - 1 Jan 1989
MoE publication typeA1 Journal article-refereed

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