Vol.7, No.2, May 2018.                                                                                                                                                                             ISSN: 2217-8309

                                                                                                                                                                                                                eISSN: 2217-8333

TEM Journal

TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS

Association for Information Communication Technology Education and Science

Complexity Management and Its Impact on Economy

Annamaria Behunova, Zuzana Soltysova, Marcel Behun

© 2018 Zuzana Soltysova, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)

Citation Information: TEM Journal. Volume 7, Issue 2, Pages 324-329, ISSN 2217-8309, DOI: 10.18421/TEM72-13, May 2018.

Received: 16 January 2018
Accepted: 11 April 2018
Published: 25 May 2018

Abstract:

The purpose of this article is to describe how complexity impacts on economy. Firstly, the paper introduces and defines the term mass customization and related definitions of a supply and demand function. Subsequently, two domains, market equilibrium and complexity are presented and the complexity impact on economy is studied by changing modularity. Finally, modularity demonstration is shown on the selected examples and enumerated by proposed approaches.

Keywords –Mass customization, Complexity management, Cost, Demand, Production.

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