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Bio-Mimetic Approaches in Management Science (Hardcover, 1998 ed.)
Loot Price: R2,991
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Bio-Mimetic Approaches in Management Science (Hardcover, 1998 ed.)
Series: Advances in Computational Management Science, 1
Expected to ship within 10 - 15 working days
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Management Science is often confronted with optimization problems
characterised by weak underlying theoretical models and complex
constraints. Among them, one finds data analysis, pattern
recognition (classification, multidimensional analysis,
discriminant analysis) as well as modelling (forecasting,
confirmatory analysis, expert system design). In recent years,
biomimetic approaches have received growing attention from
Marketing, Finance and Human Resource researchers and executives as
effective tools for practically handling such problems. Biomimetic
approaches include a variety of heuristic methods - such as neural
networks, genetic algorithms, immunitary nets, cellular automata -
that simulate nature's way of solving complex problems and, thus,
can be considered as numerical transpositions of true life problem
solving. Bio-Mimetic Approaches in Management Science presents a
selection of recent papers on biomimetic approaches and their
application to Management Science. Most of these papers were
presented at the last ACSEG/CAEMS International Congresses
(Approches Connexionnistes en Sciences Economiques et de
Gestion/Connectionnist Approaches in Economics and Management
Science). All papers combine the discussion of conceptual issues
with illustrative empirical applications, and contain detailed
information on the way heuristics are practically implemented. The
advantages and limits of the biomimetic approaches are discussed in
several of the papers, either by comparing these approaches with
more classical methods (logit models, clustering), or by
investigating specific issues like overfitting and robustness.
Synthesizing overviews are provided, as well as new tools for
coping with some of the limitations of biomimetic methods.
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