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Publication detail

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
Author(s): DOSTÁL, P.
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: http://www.igi-global.com/book/meta-heuristics-optimization-algorithms-engineering/66379