Authors:
G. Dounias
;
A. Tsakonas
;
D. Charalampakis
and
E. Vasilakis
Affiliation:
University of the Aegean, Greece
Keyword(s):
Decision Making, Ensemble Building, Genetic Programming, Fuzzy Systems, Business Plan Evaluation.
Related
Ontology
Subjects/Areas/Topics:
Applications
;
Artificial Intelligence
;
Biomedical Engineering
;
Business Analytics
;
Cardiovascular Technologies
;
Computing and Telecommunications in Cardiology
;
Data Engineering
;
Data Mining
;
Databases and Information Systems Integration
;
Datamining
;
Decision Support Systems
;
Decision Support Systems, Remote Data Analysis
;
Enterprise Information Systems
;
Health Engineering and Technology Applications
;
Health Information Systems
;
Information Retrieval
;
Knowledge-Based Systems
;
Ontologies and the Semantic Web
;
Pattern Recognition
;
Predictive Modeling
;
Sensor Networks
;
Signal Processing
;
Soft Computing
;
Software Engineering
;
Symbolic Systems
Abstract:
The paper proposes the use of evolving intelligent techniques, for effective business decision making related to strategic management. Under the current competitive environment, business plans appraisal arises as an important task for bankers, investors, venture capital fund managers and consultants among others. The process of business plans assessment requires various technical competencies, market awareness and adequate experience, thus increasing the relevant operating costs. A conceptual model for the evaluation of business plans is being proposed, with the use of both numerical and qualitative parameters, clustered under four headings. The input data is processed with the comparative use of ensembles of evolutionary classifiers, and an intelligent model of business plans’ appraisal is built. The reliability and the accuracy of the results are considered satisfactory by the subject matter experts.