Publication detail

The Use of Soft Computing for Optimization in Business, Economics, and Finance

DOSTÁL, P.

Original Title

The Use of Soft Computing for Optimization in Business, Economics, and Finance

Czech Title

Využití soft computingu pro optimalizaci v podnikatelství, ekonomii a finančnictví

English Title

The Use of Soft Computing for Optimization in Business, Economics, and Finance

Type

book chapter

Language

en

Original Abstract

Optimization methods have had successful applications in business, economics, and finance. Nowadays the new theories of soft computing are used for these purposes. The applications in business, economics, and finance have specific features in comparison with others. The processes are focused on private corporate attempts at money making or decreasing expenses; therefore the details of applications, successful or not, are not published very often. The optimization methods help in decentralization of decision-making processes to be standardized, reproduced, and documented. The optimization plays very important roles especially in business because it helps to reduce costs that can lead to higher profits and to success in the competitive fight.

Czech abstract

Kapitola se zabývá Využitím soft computingu pro optimalizaci v oblasti podnikatelství, ekonomii a finančnictví. Uvedené optimalizační metody pomáhají decentralizovat rozhodovací procesy, standardizovat a dokumentovat. Umožňují optimalizaci za účelem snižení nákladů, možného zvýšení zisku a lepši úspěšnosti v konkurenčním boji.

English abstract

Optimization methods have had successful applications in business, economics, and finance. Nowadays the new theories of soft computing are used for these purposes. The applications in business, economics, and finance have specific features in comparison with others. The processes are focused on private corporate attempts at money making or decreasing expenses; therefore the details of applications, successful or not, are not published very often. The optimization methods help in decentralization of decision-making processes to be standardized, reproduced, and documented. The optimization plays very important roles especially in business because it helps to reduce costs that can lead to higher profits and to success in the competitive fight.

Keywords

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

RIV year

2012

Released

03.09.2012

Publisher

IGI Globe

Location

USA

ISBN

9781466620865

Book

Meta-Heuristics Optimization Algorithms in Engineering, Business, Economics, and Finance

Edition

1

Edition number

1

Pages from

41

Pages to

86

Pages count

46

URL