Lublin University of Technology

Faculty of Management

Lublin University of Technology | PL

Department of Quantitative Methods in Management

Nadbystrzycka 38, room 19
20-618 Lublin
phone: (+48 81) 538 46 19
e-mail: wz.kmiwz@pollub.pl
www: http://kmiwz.pollub.pl

Head of the department

  • Bartosz Przysucha, Ph.D.

List of employees

  • Przemysław Kowalik, Ph.D.
  • Edward Kozłowski, Ph.D.
  • Prof. Ruslan Motoryn. Ph.D., D.Sc.
  • Agnieszka Surowiec, Ph.D.
  • Tomasz Warowny, Ph.D.
  • Jerzy Żurawiecki, Ph.D.

Phone numbers and e-mail addresses - https://ehms.pollub.pl/staff.php

Specialty of the department, scientific activity, main achievements
Mathematical methods in management including system theory, cybernetics, operations research, econometrics, prognosis and simulations. Application of stochastic adaptive control methodology to self-learning is the main field of interest. In modern societies with knowledge-based economies it is believed that deep studies of learning processes are needed. We believe that it is the right intellectual answer for challenges of our time. We have got results about an essence of self-learning, a right balance between actions undertaken for learning and actions undertaken for attaining principal goals. Moreover, we study how this balance is evolving over the time and how valuable is gathered information. The last issue we investigated via two approaches. The first one is derived from observation that information can be an object of trade. The latter one, from a novel application of the Lagrange multipliers as a price system for a small violation of constraints, i.e., incremental value of information. We got explicit expressions for the multipliers for some systems with discrete time. We have applied this results in portfolio optimization and operational risk problems.

Research areas 
Application of self-learning theory to insurance, finance and operations research are possible and welcome. In every branch and subject where decisions are taken with uncertainty, and decision-makers have the options of gathering information even it is costly, the theory we develop may be helpful.

Cooperation with foreign organizations
Seminars, conferences, panel discussions

Educational offer
Operations research, cybernetics, econometrics, prognosis and simulations, game theory, systems theory, market research