Advanced methods of managerial decision making

A unique publication on the market, for managers, entrepreneurs, specialists and students, explains new advanced methods of managerial decision-making, introduces their principles and possibilities of use and presents specific applications in business, in the public sphere and in personal life. The first part presents the basics of fuzzy logic theory, artificial neural networks, genetic algorithms and chaos theory and their application in economics and management. The methods are explained with concrete examples, like choosing a mortgage, Banks, property or employee, evaluation of the client's investment or creditworthiness, optimising economic activities to reduce risks and costs, increasing profits and sales, etc. The second part of the book specializes in the use of fuzzy logic, artificial neural networks and genetic algorithms in the fields of prediction, capital markets, data mining and decision making, such as. prediction of currency exchange rate, index, evaluation of risk level, determination of risk client, trading on capital market, etc.