Publication detail

The Use of Soft Computing in Management

DOSTÁL, P.

Original Title

The Use of Soft Computing in Management

Type

book chapter

Language

English

Original Abstract

The decision-making processes in management are very complicated because they include political, social, psychological, economic, financial, and other factors. Many variables are difficult to measure; they may be characterized by imprecision, uncertainty, vagueness, semi-truth, approximations, and so forth. Soft computing methods have had successful applications in management. Nowadays the new theories of soft computing are used for these purposes. The applications in management have specific features in comparison with others. The processes are focused on private corporate attempts at money making or decreasing expenses. The soft computing methods help in decentralization of decision-making processes to be standardized, reproduced, and documented. There are various soft computing methods used in management-classical ones and methods using soft computing. Among soft computing methods there belongs fuzzy logic, neural networks, and evolutionary algorithms. The use of the theories mentioned previous is important also in the sphere of analysis and simulation. The case studies are discussed in the article. It can be mentioned, for example, which way should be used to address the potential customer (fuzzy logic), which kind of customer could be provided by a loan or a mortgage (neural networks), the sorting of products according to the kind of customers (genetic algorithms), or solving the travelling salesman problem (evolutionary algorithms).

Keywords

Soft computing, management, business, economics, finance, fuzzy logic, artificial neural networks, genetic algorithms, evolutionary algorithms

Authors

DOSTÁL, P.

RIV year

2013

Released

3. 9. 2013

Publisher

IGI Globe

Location

USA

ISBN

9781466644502

Book

Handbook of Research on Novel Soft Computing Intelligent Algorithms: Theory and Practical Applications (2 Volumes)

Edition

1

Edition number

1

Pages from

294

Pages to

326

Pages count

32

URL

http://www.igi-global.com/book/meta-heuristics-optimization-algorithms-engineering/66379

BibTex

@inbook{BUT101509,
  author="Petr {Dostál}",
  title="The Use of Soft Computing in Management",
  booktitle="Handbook of Research on Novel Soft Computing Intelligent Algorithms: Theory and Practical Applications (2 Volumes)",
  year="2013",
  publisher="IGI Globe",
  address="USA",
  series="1",
  edition="1",
  pages="294--326",
  isbn="9781466644502",
  url="http://www.igi-global.com/book/meta-heuristics-optimization-algorithms-engineering/66379"
}