47,196 research outputs found

    Fuzzy Logic and Corporate Governance Theories

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    [Excerpt] “Fuzzy logic is a theory that categorizes concepts or things belonging to more than one group. A methodology that explains how things function in multiple groups (not fully in one group or another) offers advantages when no one definition or membership in a group accounts for belonging to multiple groups. The principal/agent model of corporate governance has some characteristics of fuzzy logic theory. Under traditional agency theory of corporate governance, shareholders, directors, and senior corporate officers each belong to groups having multiple attributes. In the principal/agent model of corporate governance, shareholders are owners or principals; directors are shareholders and agents of the corporation; and senior corporate officers are directors’ agents, shareholders’ agents, and agents of the corporation. Each one functions within multiple groups serving multiple agency roles, and each owes fiduciary duties that vary depending on whose agent they are functioning as. Such a multi-dimensional role for corporate actors is a consequence of multi-definitional corporate purpose within agency theory of governance. This multi-dimensional group membership is not easily reconciled within agency theory and is therefore not always explained. However, traditional corporate governance theory can borrow another basic tenet of fuzzy logic theory. Fuzzy theory not only accounts for membership in multiple groups, but also explains how things work because they are multidimensional or ambiguous. This article seeks to explain the ambiguities of corporate governance theory and suggests a framework that accounts for the multi-agent role of senior corporate officers of public companies. It offers a kind of fuzzy logic theory for understanding the fiduciary duties of senior officers. The purpose of this article is to evaluate other models of corporate governance that account for the multi-agent role of senior officers of public companies and assess the ability of various models to hold senior officers accountable to the corporation.

    Aided diagnosis of structural pathologies with an expert system

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    Sustainability and safety are social demands for long-life buildings. Suitable inspection and maintenance tasks on structural elements are needed for keeping buildings safely in service. Any malfunction that causes structural damage could be called pathology by analogy between structural engineering and medicine. Even the easiest evaluation tasks require expensive training periods that may be shortened with a suitable tool. This work presents an expert system (called Doctor House or DH) for diagnosing pathologies of structural elements in buildings. DH differs from other expert systems when it deals with uncertainty in a far easier but still useful way and it is capable of aiding during the initial survey 'in situ', when damage should be detected at a glance. DH is a powerful tool that represents complex knowledge gathered from bibliography and experts. Knowledge codification and uncertainty treatment are the main achievements presented. Finally, DH was tested and validated during real surveys.Peer ReviewedPostprint (author's final draft

    And the Robot Asked "What do you say I am?" Can Artificial Intelligence Help Theologians and Scientists Understand Free Moral Agency?

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    Concepts of human beings as free and morally responsible agents are shared culturally by scientists and Christian theologians. Accomiplishments of the "artificial intelligence" (AI) branch of computer science now suggest the possibility of an advanced robot mimicking behaviors associated with free and morally responsible agency. The author analyzes some specific features theology has expected of such agency, inquiring whether appropriate AI resources are available for incorporating the features in robots. Waiving questions of whether such extraordinary robots will be constructed, the analysis indicates that they could be, furnishing useful new scientific resources for understanding moral agency

    Journal of Asian Finance, Economics and Business, v. 4, no. 1

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