A Model for Performance Evaluation of Responsibility Centers in the Organization

Authors

Keywords
Evaluation, responsibility centers, budgetary control, fuzzy numbers, fuzzy logic

Summary
This article presents a model for performance evaluation of responsibility centers in the budgetary management process of the organization. The model is based on sophisticated instruments, including classical management tools and contemporary mathematical tools of theory of fuzzy logic and fuzzy subsets. The model is presented conceptually and methodologically (by algorithm for implementation). One possible application of the model is illustrated in four versions by an example for a cost center operating in uncertain and stable / dynamic environment.

JEL: M19, C65
Pages: 24
DOI: 

More titles

  • Demographic-economic Face of Svishtov at the Beginning of Bulgarian Renaissance

    The present paper attempts to outline the demographic and economic outlook of the town of Svishtov from ancient times to the beginning of the Bulgarian Revival. The data throwing light on these issues are relatively scarce and can be found in archaeological excavations in the vicinity of the town, in published historical documents, foreign ...

  • Human Action, Part Six, Chapter XXVIII. Interference by taxation

    To keep the social apparatus of coercion and compulsion running requires expenditure of labor and commodities. Under a liberal system of government these expenditures are small compared with the sum of the individuals' incomes. The more the government expands the sphere of its activities, the more its budget increases....

  • Post-crisis or Back to the Future and Beyond

    The main goal of the article is to define the fundamental reasons due to which the world’s leading economy has fallen into the conditions of global crisis. The advantages of the philosophy of spiritual pragmatism are revealed in search of valuable foundations of the modern world. The article is considering the need of spiritual and valuable ...