Optimization of administrative management costs

Article English OPEN
Podolchak, N. ; Chepil, B. (2015)
  • Publisher: Publishing House of Lviv Polytechnic National University
  • Subject: administrative costs | optimization model | levels of management

It is important to determine the optimal level of administrative costs in order to achieve main targets of any enterprise, to perform definite tasks, to implement these tasks and not to worsen condition and motivation of the workers. Also it is essential to remember about strategic goals in the area of HR on the long run. The refore, the main idea in using optimization model for assessing the effectiveness of management costs will be to find the minimum level of expenses within the given limits.