Fuzzy Logic and Intelligent Agents: Towards the Next Step of Capital Budgeting Decision Support

The economic life of large investments is long and thus necessitates constant dynamic managerial actions. To be able to act in an optimal way in the dynamic management of large investments managers need the support of advanced analytical tools. They need to have constant access to information about the real time situation of the investment, as well as, access to up-to-date information about changes in the business environment. What is more challenging, they need to integrate qualitative information into quantitative analysis process, and to integrate foresight information into the capital budgeting process. In this paper we will look at how emerging soft computing technologies, specifically fuzzy logic and intelligent agents, will help to provide a better support in such a context and then to frame a support system that will make an integrated application of the aforementioned technologies. We will first develop a holistic framework for an agent-facilitated capital budgeting system using a fuzzy real option approach. We will then discuss how intelligent agents can be applied to collect decision information, both qualitative and quantitative, and to facilitate the integration of foresight information into capital budgeting process. Integration of qualitative information into quantitative analysis process will be discussed. Methods for integrating qualitative and quantitative information into fuzzy numbers, as well as, methods for using the fuzzy numbers in capital budgeting will be presented. A specification of how the agents can be constructed is elaborated.Intelligent Agents, Fuzzy Sets, Capital Budgeting, Real Options, DSS

Knowledge Discovery in the SCADA Databases Used for the Municipal Power Supply System

This scientific paper delves into the problems related to the develop-ment of intellectual data analysis system that could support decision making to manage municipal power supply services. The management problems of mu-nicipal power supply system have been specified taking into consideration modern tendencies shown by new technologies that allow for an increase in the energy efficiency. The analysis findings of the system problems related to the integrated computer-aided control of the power supply for the city have been given. The consideration was given to the hierarchy-level management decom-position model. The objective task targeted at an increase in the energy effi-ciency to minimize expenditures and energy losses during the generation and transportation of energy carriers to the Consumer, the optimization of power consumption at the prescribed level of the reliability of pipelines and networks and the satisfaction of Consumers has been defined. To optimize the support of the decision making a new approach to the monitoring of engineering systems and technological processes related to the energy consumption and transporta-tion using the technologies of geospatial analysis and Knowledge Discovery in databases (KDD) has been proposed. The data acquisition for analytical prob-lems is realized in the wireless heterogeneous medium, which includes soft-touch VPN segments of ZigBee technology realizing the 6LoWPAN standard over the IEEE 802.15.4 standard and also the segments of the networks of cellu-lar communications. JBoss Application Server is used as a server-based plat-form for the operation of the tools used for the retrieval of data collected from sensor nodes, PLC and energy consumption record devices. The KDD tools are developed using Java Enterprise Edition platform and Spring and ORM Hiber-nate technologies

Enabling Distributed Knowledge Management: Managerial and Technological Implications

In this paper we show that the typical architecture of current KM systems re.ects an objectivistic epistemology and a traditional managerial control paradigm. We argue that such an objectivistic epistemology is inconsistent with many theories on the nature of knowledge, in which subjectivity and sociality are taken as essential features of knowledge creation and sharing. We show that adopting such a new epistemological view has dramatic consequences at an architectural, managerial and technological level

Intelligent Agent-Based Data Mining in Electronic Markets

The advent of web-based electronic commerce has brought a tremendous increase in the volume of “collectable data” that can be mined for valuable managerial knowledge. Utilizing intelligent agents can enhance the data mining procedures that are employed in this process. We focus on the role of data mining and intelligent agent technology in the B2C and B2B e- commerce models. By identifying the complex nature of information flows between the vast numbers of economic entities, we identify opportunities for applying data mining that can lead ultimately to knowledge discovery

Intelligent Decisional Assistant that Facilitate the Choice of a Proper Computer System Applied in Busines

The choice of a proper computer system is not an easy task for a decider. One reason could be the present market development of computer systems applied in business. The big number of the Romanian market players determines a big number of computerized products, with a multitude of various properties. Our proposal tries to optimize and facilitate this decisional process within an e-shop where are sold IT packets applied in business, building an online decisional assistant, a special component conceived to facilitate the decision making needed for the selection of the pertinent IT package that fits the requirements of one certain business, described by the decider. The user interacts with the system as an online buyer that visit an e-shop where are sold IT package applied in economy.database, knowledge-base, decision tree, DSS, data mining, agents, reasoning, collaborative

Business intelligence gap analysis: a user, supplier and academic perspective

Business intelligence (BI) takes many different forms, as indicated by the varying definitions of BI that can be found in industry and academia. These different definitions help us understand of what BI issues are important to the main players in the field of BI; users, suppliers and academics. The goal of this research is to discover gaps and trends from the standpoints of BI users, BI suppliers and academics, and to examine their effects on business and academia. Consultants also play an important role since they can be seen as the link between users and suppliers. Two research methods are combined to accomplish this goal. We examine the BI focus of users and suppliers through a survey, and we gain insight to the BI focus of academics, vendor-neutral consultants (typical representatives like Forrester, Gartner and IDC) and vendor- specific consultants (typical representatives like IBM, Information builders, Microsoft, Oracle and SAP) through their publications. Previous studies indicate that similar article analyses often focus on academic research methods only. That means that the results so far often reveal the academic perspective. Unlike these previous studies, the perspective of this research is not limited to academics. Our results provide insight of the BI trends and BI issue ranking of BI users, suppliers, academics, vendors neutral consultants and vendor specific consultant

An agent-based fuzzy cognitive map approach to the strategic marketing planning for industrial firms

This is the post-print version of the final paper published in Industrial Marketing Management. The published article is available from the link below. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. Copyright @ 2013 Elsevier B.V.Industrial marketing planning is a typical example of an unstructured decision making problem due to the large number of variables to consider and the uncertainty imposed on those variables. Although abundant studies identified barriers and facilitators of effective industrial marketing planning in practice, the literature still lacks practical tools and methods that marketing managers can use for the task. This paper applies fuzzy cognitive maps (FCM) to industrial marketing planning. In particular, agent based inference method is proposed to overcome dynamic relationships, time lags, and reusability issues of FCM evaluation. MACOM simulator also is developed to help marketing managers conduct what-if scenarios to see the impacts of possible changes on the variables defined in an FCM that represents industrial marketing planning problem. The simulator is applied to an industrial marketing planning problem for a global software service company in South Korea. This study has practical implication as it supports marketing managers for industrial marketing planning that has large number of variables and their cause–effect relationships. It also contributes to FCM theory by providing an agent based method for the inference of FCM. Finally, MACOM also provides academics in the industrial marketing management discipline with a tool for developing and pre-verifying a conceptual model based on qualitative knowledge of marketing practitioners.Ministry of Education, Science and Technology (Korea