WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 16, 2019
Assessment of Impact of Czech Industrial Technologies Export into Indonesia Agricultural Sector
Authors: Michal Wasserbauer, Cestmir Mizera, David Herak
Abstract: The goal of this article is to describe options of Czech industry technologies export into Indonesia agricultural and other sectors. The study involves the creation of mathematical model of Indonesian industry technologies market to make it possible to predict the future behavior, consequently also impact on Czech export to Indonesia. The findings in this study can be adopted to strengthen the economic relations between two countries whose potential and opportunities remain very big. Czech’s policy makers can adopt recommendations made in this study to improve trade between the country and Indonesia where the country enjoys a large domestic market with a wide range of investment opportunities for local and foreign investors. Based on experimental data, mathematical analysis will be used to describe the behavior of the Indonesian industrial technology market and its importance to Czech imports. Data collected from the market analysis and the mathematical model developed can help boost Czech imports industrial technologies to Indonesia
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Keywords: mathematical model, import, international market, prediction, consumer´s behavior
Pages: 487-495
WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #54