A model of management goal setting and its dissipative structure
type: Item
instance of: scholarly article
title: A model of management goal setting and its dissipative structure
zbMATH Open document ID: 0586.90061
DOI: 10.1016/0377-2217(86)90115-3
author: Pentti Malaska
author: Tuula Kinnunen
published in: European Journal of Operational Research
publication date: 1986-01-01T00:00:00Z
review text: This study applies a far from equilibrium approach to the behaviour and control of a firm setting its growth objectives. The function of the firm is expressed through nonlinear differential equations including a sinusoidal interaction term with environment. The firm's own goal setting is shown to be the source of fluctuations. The variety of solutions of the model with a particular set of parameters forms the structure of the system. Bifurcation situations will be studied by simulation and the structure is studied also analytically with the help of the Lyapunov's direct method.
Mathematics Subject Classification ID: 90B99
zbMATH DE Number: 3941261
zbMATH Keywords: management
zbMATH Keywords: dissipative structure
zbMATH Keywords: growth objectives
zbMATH Keywords: nonlinear differential equations
zbMATH Keywords: sinusoidal interaction term
zbMATH Keywords: goal setting
zbMATH Keywords: Bifurcation
zbMATH Keywords: Lyapunov's direct method
MaRDI profile type: Publication
full work available at URL: 0377-2217(86)90115-3
OpenAlex ID: W1972700925
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description: scientific article; zbMATH DE number 3941261