A mathematical model describes a system using a series of sets, equations, variables that describe relationships and relationships between them. The system is an abstract entity, which we believe has no interaction with the environment but is isolated and exists as an independent entity. Usually, the system is defined by the mathematical relations ...

By Sead Rešić, Elvir Čajić, Anela Hrnjičić

In order to survive or develop their entrepreneurial activities, entrepreneurs must also undertake activities in the markets of other countries, thus globalizing economic activities. When entering the global market, an entrepreneur must choose the right strategy. Small and medium-sized enterprises aspire to have a good market and financial position...

By Emir Šahman

The hypothesis is that in order to realize a competitive advantage based on knowledge, it is necessary to articulate the mission, vision and appropriate strategy and to determine the key activities of the company on the basis of them. They must be systematically supported by all business processes. The functioning of the core activities depends on ...

By Đuro Horvat, Leo Ivanjko

One of the main policy areas of the European Union and a key element of the internal market is a consumer protection policy that protects consumers' security and economic interests, while keeping in mind Bosnia and Herzegovina's aspirations to join the European Union, harmonizing consumer protection standards in Bosnia and With standards in the Eur...

By Selma Otuzbir, Amir Mešinović

Irrational expansion of the trading network, poor economic valuation and excessive borrowing are the causes of the problem. The Agrokor business, the Todoric family, led by its founder, Ivic Todoric, was based on undisciplined lending of money in the market. Agrokor was rapidly expanding in Croatia and the region without control and control, so cos...

By Ibrahim Jusufranić, Amira Delić

Logistics is a term that has been accepted by economic science from military science and practice, where it is commonly used as a synonym for military supply and military formation on the field (as a professional name for a part of the war skills). Otherwise, today the term logistics usually means controlling the flow and storage of materials respe...

By Mirsad Imamović, Bruno Bojić

Modern machine building requires expanding the range of wear-resistant materials possessing strong exploitation characteristics. In this respect, obtaining new polymer composite materials is of great interest. Such materials have been developed based on thermo resistant polyamide S-1 by means of introducing powder-like carbonyl nickel. The composit...

By Aleksandr I. Burya Dniprovsk, Yekaterina A. Yeriomina, Igor I. Polovnikov, Aleksandr F. Morozov

:RFID is a technology that uses a technique of frequency radio waves to exchange data between the reader (eng. Reader) and a device called tag (eng. Transponder). Tag contains a silicon microchip and an antenna. The antenna emits radio waves and thus sends the data to the microchip that the reader through the entries in the computer. The transponde...

By Almedina Hatarić, Jasmin Jusufranić, Mirano Jupić, Jasna Kuljanović

In short, the strategy is a way to achieve the objectives, so under the strategy it is usually considered long-term planning behaviour of some companies in order to achieve the set goals. It defines a way how to use individual resources to take advantage of creating desired effects. Otherwise, by strategic planning company tries to answer a five qu...

By Nikola Kuvačić, Alisa Salkić, Lejla Skopljak

The main precondition for successful economic development of every economy in modern conditions business, includes availability of sufficient financial resources which would funded a successful and sustained economic growth and development. Having in mind that the financial capital is very limited resource and that many countries do not have in suf...

By Maida Bećirović, Azra Bećirović