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Decision-Making for Long Memory Data in Technical-Economic Design, Fractals and Decision Area Bubbles
Authors:Václav Beran
Institution:(1) Faculty of Civil Engineering, Czech Technical University in Prague, Thákurova 7, 166 29 Praha 6, Czech Republic
Abstract:Economic and management theories are very often based in their applications on the perception of homogeneity of the application space. The purpose of this article is to query such a conviction and indicate new possible directions of discipline development. The article deals with symbiosis of process and his steering model as a process of management. It is possible that in relative near future it will be necessary to accept approaches and changes in interpretations of decision-making. Applications of fractals can be one of the interesting stimulations.
Keywords:dispersion of innovations  investment  decision making  management  cellular automata  fractals  market bubbles  technical economic design  simulations  process and regulation  steering process and management
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