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