Fuzzy logic and intelligent agents: Towards the next step of capital budgeting decision support

Industrial Management and Data Systems

Volumn 103, Issue 5-6, 2003, Pages 410-422

  Collan, Mikael ^a   Liu, Shuhua ^a  

^a ÅBO AKADEMI UNIVERSITY   (Finland)

Author keywords

Capital budgeting; Fuzzy logic; Intelligent agents

Indexed keywords

BUDGET CONTROL; DECISION MAKING; DECISION SUPPORT SYSTEMS; FUZZY SETS; INVESTMENTS; PROJECT MANAGEMENT; STRATEGIC PLANNING;

CAPITAL BUDGETING;

INTELLIGENT AGENTS;

EID: 0041862616     PISSN: 02635577     EISSN: None     Source Type: Journal    
DOI: 10.1108/02635570310479981     Document Type: Review

References (43)

1. Amram, M. and Kulatilaka, N. (1999), Real Options: Managing Strategic Investments in an Uncertain World, Harvard Business School Press, Boston, MA.
2. Black, F. and Scholes, M. (1973), "The pricing of options and corporate liabilities", Journal of Political Economy, Vol. 81, pp. 637-59.
3. Bowman, E.H. and Hurry, D. (1993), "Strategy through the option lens: an integrated view of resource investments and incremental-choice process", Academy of Management Review, Vol. 18, pp. 760-82.
4. Bradshaw, J. (1997), "Introduction to software agents", in Bradshaw, J. (Ed.), Software Agents, AAAI Press, Menlo Park, CA/The MIT Press, Cambridge, MA, pp. 3-46.
5. Buckley, J. J. (1987), "The fuzzy mathematics of finance", Fuzzy Sets and Systems, Vol. 21, pp. 257-73.
6. Carlsson, C. and Fullér, R. (2000), On Fuzzy Real Option Valuation, Technical Report No. 367, TUCS - Turku Centre for Computer Science, Turku.
7. Carlsson, C. and Fullér, R. (2002), Fuzzy Reasoning in Decision Making and Optimization, Physica-Verlag, Heidelberg.
8. Collan, M. and Majlender, P. (2002), "A method for including dynamic trend information in fuzzy pricing of real options", paper presented at the 12th MiniEURO Conference, Brussels, April.
9. Dahlberg, K. and Porter, B.S. (2000), "Get real", Anderson Consulting Outlook Journal, No. 2, pp. 33-7.
10. Dixit, A.K. and Pindyck, R.S. (1994), Investment Under Uncertainty, Princeton University Press, Princeton, NJ.
11. Dubois, D. and Prade, H. (1988), Possibility Theory, Plenum Press, New York, NY.
12. Friend, D. (1989), Information Navigation: Blurring the Line between DSS and EIS, DSS89-Transactions, The Institute of Decision Sciences, Atlanta, GA, p. 11.
13. Gray, P. (1997), "Data warehouses, OLAP, data mining, and the new DSS", Proceedings of ISDSS'97 - the 4th International Conference of the International Society of Decision Support Systems, 21-22 July, Lausanne, pp. 7-24.
14. Hamel, G. and Prahalad, C.K. (1994), Competing for the Future, Harvard Business School Press, Boston, MA.
15. Hermans, B. (1996), "Intelligent software agents on the Internet: an inventory of currently offered functionality in the information society and a predication of (near-)future developments", thesis, Tilberg University, Tilberg.
16. Holden, C.W. (n.d.), available at: www.spreadsheetmodeling.com/, Kelley School of Business, Indiana University, Bloomington, IN.
17. Inmon, W.H. (1992), Building the Data Warehouse, John Wiley & Sons, New York, NY.
18. Jennings, N.R. and Wooldridge, M. (1998), "Applications of intelligent agents", in Jennings, N.R. and Wooldridge, M.J. (Eds), Agent Technology Foundations, Applications, and Markets, Springer-Verlag, New York, NY.
19. Jennings, N.R., Sycara, K. and Wooldridge, M. (1998), "A roadmap of agent research and development", Autonomous Agents and Multi-agent Systems, Vol. 1, pp. 7-38.
20. Kuchta, D. (2000), "Fuzzy capital budgeting", Fuzzy Sets and Systems, Vol. 111, pp. 367-85.
21. Kulatilaka, N. (1993), "The value of flexibility: the case of a dual-fuel industrial steam boiler", Financial Management, Vol. 22 No. 3, Autumn, p. 271.
22. Kulatilaka, N. and Marcus, A.J. (1988), "General formulation of corporate real options", Research in Finance, Vol. 7, pp. 183-99.
23. Liu, S. (1998a), "Strategic scanning and interpretation revisiting: foundations for an intelligent software agent support system Part 1: understanding the concept and context of strategic scanning", Industrial Management & Data Systems, Vol. 98 No. 7, pp. 295-312.
24. Liu, S. (1998b), "Strategic scanning and interpretation revisiting: foundations for an intelligent software agent support system Part 2: scanning the business environment with software agents", Industrial Management & Data Systems, Vol. 98 No. 8, pp. 362-72.
25. Liu, S. (1998c), "Business environment scanner for senior managers: towards active executive support with intelligent agents", Expert Systems With Applications: An International Journal, Vol. 15, pp. 111-21.
26. Liu, S. (2000), "Improving executive support in strategic scanning with software agent systems", Doctoral Dissertations, No. 25, Turku Center for Computer Science TUCS, Åbo Akademi University, Turku, May.
27. Luehrman, T. (1998), "Strategy as a portfolio of real options", Harvard Business Review, Vol. 76, September-October, pp. 89-99.
28. Maes, P. (1994), "Agents that reduce work and information overload", Communications of the ACM, Vol. 71 No. 7, pp. 31-40.
29. Merton, R.C. (1973), "Theory of rational option pricing", Bell Journal of Economics and Management Science, Vol. 4, pp. 141-83.
30. Micalizzi, A. (1999), "Timing to invest and value of managerial flexibility. Schering Plough case study", paper presented at the 3rd Annual International Conference on Real Options, Wassenaar/Leiden.
31. Myers, S.C. (1977), "Determinants of corporate borrowing", Journal of Financial Economics, Vol. 5 No. 2, pp. 147-75.
32. Nichols, N.A. (1994), "Scientific management at Merck", Harvard Business Review, Vol. 72, January-February, pp. 88-99.
33. Nwana, H.S. (1996), "Software agents: an overview", Knowledge Engineering Review, Vol. 11 No. 3, pp. 1-40.
34. Olofsson, S. (1998), "ScanAgent: Ett Intelligent Datainsamlingsverktyg", master thesis, IAMSR Ser. A:484, Åbo.
35. Parunak, H.U.D. (1998), Practical and Industrial Applications of Agent-based Systems, Industrial Technology Institute, available at: www.cs.umbc.edu/agents/introduction/
36. Pemberton, J.D. and Robson, A. J. (2000), "Spreadsheets in business", Industrial Management & Data Systems, Vol. 100 No. 8, pp. 379-88.
37. Simon, H.A. (1965), The Shape of Automation for Men and Management, Harper & Row, New York, NY.
38. Todd, P. and Benbast, I. (1992), "The use of information in decision making: an experimental investigation of the impact of computer based decision aids", MIS Quarterly, September, pp. 373-93.
39. Trigeorgis, L. (Ed.) (1995), Real Options in Capital Investment: Models, Strategies and Applications, Praeger, Westport, CT.
40. Walden, P., Carlsson, C. and Liu, S. (2000), "Industry foresight with intelligent agents", Human Systems Management, Vol. 19, pp. 169-80.
41. Winograd, T. and Flores, F. (1986), Understanding Computers and Cognition: A New Foundation for Design, Addison-Wesley, Reading, MA.
42. Wooldridge, M.J. and Jennings, N.R. (1995), "Intelligent agents: theory and practice", The Knowledge Engineering Review, Vol. 10 No. 2, pp. 115-52.
43. Zadeh, L.A. (1965), "Fuzzy sets", Information and Control, Vol. 8, pp. 338-53.