ESTABLISHING AND ACHIEVING THE OBJECTIVES OF ECONOMIC INFORMATION SYSTEMS THROUGH ALGORITHMS SPECIFIC TO BUSINESS APPLICATIONS

Abstract: The paper presents the solutions for establishing and achieving the objectives of economic information systems through algorithms specific to business applications. Any information system needs to implement different objectives in accordance with the goals of the company it develops, and so it must get the optimal algorithms for resolving smart problems with appropriate solutions. Smart algorithms are capable to resolve complex problems and out of the box requirements that derived from atypical situations generated by economical situations or business logic. The information systems are included in the information systems, and they are intended to serve the management of the economic unit, so it can be appreciated that the main objective of the information system coincides with the general objective of the basic economic activities. The main objective pursued by the introduction of an information system is the selective and timely provision of all levels of management with necessary and real information for the substantiation and operational elaboration of decisions on the most efficient development of the entire activity in the economic unit. The main objective therefore refers to the entire activity in the economic unit. In order to get to know the activity better, and to carry it out in the best conditions, other secondary objectives can be defined, which are called “conditions” for achieving the main objective. There must be compatibility between the main objective and the secondary objectives, in the sense that the achievement of the secondary objectives must lead to the achievement of the main objective. By implementing mathematical models and using computing techniques in specific activities, the computer system imparts increased values to the information system in terms of quantity and quality. Keywords: objectives of economic information systems, business solutions, data models, algorithms for business applications, economical data, information processes, business flows JEL Classification: C23, C26, C38, C55, C81, C8