MANAGEMENT DECISION SUPPORTBY USING EARLY WARNING ENVIRONMENTS

Successful activities in a dynamic environment of today’s economy largely depend on the skills to have an adequate view of activity environment and its changes. The information activities of business decision makers relate their subjective potential of environment assessment and problem solving to t...

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Main Authors: Raimundas Žilinskas, Rimvydas Skyrius
Format: Article
Language:English
Published: Vilnius University Press 2009-01-01
Series:Ekonomika
Online Access:https://www.journals.vu.lt/ekonomika/article/view/1056
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author Raimundas Žilinskas
Rimvydas Skyrius
author_facet Raimundas Žilinskas
Rimvydas Skyrius
author_sort Raimundas Žilinskas
collection DOAJ
description Successful activities in a dynamic environment of today’s economy largely depend on the skills to have an adequate view of activity environment and its changes. The information activities of business decision makers relate their subjective potential of environment assessment and problem solving to the systems of environment monitoring and early warning, whose relevance is of expressed in various activities both at micro and macro levels. The paper discusses the features of the bank deposit insurance system in the Republic of Lithuania, its information needs and the role of early warning systems in its activities. Also, the paper examines a prototype of an early warning system in the Deposit Insurance Scheme of the Republic of Lithuania and the conditions for its application. There are specific groups of decision-important information and relations between their estimates. The proposed way of applying a composite set of decision criteria can be transferred to similar systems in other fields of activity. p>
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spelling doaj.art-a89c4a216997478891ee29b4af374b952022-12-21T21:14:45ZengVilnius University PressEkonomika1392-12582424-61662009-01-018610.15388/Ekon.2009.0.1056MANAGEMENT DECISION SUPPORTBY USING EARLY WARNING ENVIRONMENTSRaimundas ŽilinskasRimvydas SkyriusSuccessful activities in a dynamic environment of today’s economy largely depend on the skills to have an adequate view of activity environment and its changes. The information activities of business decision makers relate their subjective potential of environment assessment and problem solving to the systems of environment monitoring and early warning, whose relevance is of expressed in various activities both at micro and macro levels. The paper discusses the features of the bank deposit insurance system in the Republic of Lithuania, its information needs and the role of early warning systems in its activities. Also, the paper examines a prototype of an early warning system in the Deposit Insurance Scheme of the Republic of Lithuania and the conditions for its application. There are specific groups of decision-important information and relations between their estimates. The proposed way of applying a composite set of decision criteria can be transferred to similar systems in other fields of activity. p>https://www.journals.vu.lt/ekonomika/article/view/1056
spellingShingle Raimundas Žilinskas
Rimvydas Skyrius
MANAGEMENT DECISION SUPPORTBY USING EARLY WARNING ENVIRONMENTS
Ekonomika
title MANAGEMENT DECISION SUPPORTBY USING EARLY WARNING ENVIRONMENTS
title_full MANAGEMENT DECISION SUPPORTBY USING EARLY WARNING ENVIRONMENTS
title_fullStr MANAGEMENT DECISION SUPPORTBY USING EARLY WARNING ENVIRONMENTS
title_full_unstemmed MANAGEMENT DECISION SUPPORTBY USING EARLY WARNING ENVIRONMENTS
title_short MANAGEMENT DECISION SUPPORTBY USING EARLY WARNING ENVIRONMENTS
title_sort management decision supportby using early warning environments
url https://www.journals.vu.lt/ekonomika/article/view/1056
work_keys_str_mv AT raimundaszilinskas managementdecisionsupportbyusingearlywarningenvironments
AT rimvydasskyrius managementdecisionsupportbyusingearlywarningenvironments