As Organisations need to adapt to new business conditions and respond to competitive pressures, various change management approaches have been developed. Many studies suggest that the success of business change projects could be increased by developing dynamic models of business processes prior to their radical change. This paper investigates a potential of simulation modelling to be used for m...

In this paper, for the first time, the subject of change point estimation has been utilized in the stationary state of auto regressive moving average (ARMA) (1, 1). In the monitoring phase, in case the features of the question pursue a time series, i.e., ARMA(1,1), on the basis of the maximum likelihood technique, an approach will be developed for the estimation of the stationary state’s change...