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Statistical Modeling of Optimal Development Strategy and Upgrade of Internet Trading Quality System in Transition Countries
Keywords:
internet trading or online trading, global system, stochastic processes, statistical modelling, development and upgrading of quality system
Abstract:
Observing and studying the economic system as a totality of business entities at a global level is justified. The constitution of such a system implies that the events in one system segment reflect on the system as a whole. The inspiration and challenge for numerous researchers encompasses the attempts to comprehend the forms, directions and nature of correlation of the phenomenon within the global system. The economic system goes through the phase of global connecting through the World Wide Web, where, among others, a new form of goods for cash exchange has developed, known as electronic trading or internet trading. The stochastic character of the development processes of individual market segments is visible both in the degree and the direction of quantitative matching of variations of certain appearances and processes, in reference to connectivity of certain appearances and processes in individual system segments. According to Marc Porter, development and upgrading of the quality system, as a set of adequate development strategies of business systems are realized, among other things, by market focusing (Todorovi?, 2001). The aforementioned implies that the optimal strategy for development of operations of individual system elements must be adjusted to the conditions of earning in the observed market segment. Identification of factors which set the conditions for the intensity, form and direction of correlation of processes and appearances, their quantification and interpretation, deduced from empirical structure, enables establishing, maintaining and upgrading of the quality level in business processes, such as internet trading in transition countries, such as Bosnia and Herzegovina.
CITATION:
IEEE format
M. Landika, R. Bojanić, “Statistical Modeling of Optimal Development Strategy and Upgrade of Internet Trading Quality System in Transition Countries,” in Sinteza 2016 - International Scientific Conference on ICT and E-Business Related Research, Belgrade, Singidunum University, Serbia, 2016, pp. 468-473. doi:10.15308/Sinteza-2016-468-473
APA format
Landika, M., Bojanić, R. (2016). Statistical Modeling of Optimal Development Strategy and Upgrade of Internet Trading Quality System in Transition Countries. Paper presented at Sinteza 2016 - International Scientific Conference on ICT and E-Business Related Research. doi:10.15308/Sinteza-2016-468-473
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