Intelligent and Complex Systems in Economics and Business

Intelligent and Complex Systems in Economics and Business PDF

Author: Ernesto León-Castro

Publisher: Springer Nature

Published: 2020-12-07

Total Pages: 120

ISBN-13: 3030591913

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This book is a compilation of works of different areas that seek to apply the intelligent and complex systems in various applied problems. The problems that are worked in the book are the evaluation of the competence of the states, fuzzy classification, relationship between incentives and innovation, design of new products, analysis of profiles in social networks, innovation capabilities, software development, business growth, leadership and use of big data.

Complex Systems Modeling and Simulation in Economics and Finance

Complex Systems Modeling and Simulation in Economics and Finance PDF

Author: Shu-Heng Chen

Publisher: Springer

Published: 2018-11-20

Total Pages: 307

ISBN-13: 331999624X

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This title brings together frontier research on complex economic systems, heterogeneous interacting agents, bounded rationality, and nonlinear dynamics in economics. The book contains the proceedings of the CEF2015 (21st Computing in Economics in Finance), held 20-22 June 2015 in Taipei, Taiwan, and addresses some of the important driving forces for various emergent properties in economies, when viewed as complex systems. The breakthroughs reported in this book are a result of an interdisciplinary approach and simulation remains the unifying theme for these papers as they deal with a wide range of topics in economics. The text is a valuable addition to the efforts in promoting the complex systems view in economic science. The computational experiments reported in the book are both transparent and replicable. Complex System Modeling and Simulation in Economics and Finance is useful for graduate courses of complex systems, with particular focus on economics and finance. At the same time it serves as a good overview for researchers who are interested in the topic.

Unified Computational Intelligence for Complex Systems

Unified Computational Intelligence for Complex Systems PDF

Author: John Seiffertt

Publisher: Springer Science & Business Media

Published: 2010-07-15

Total Pages: 123

ISBN-13: 3642031803

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Computational intelligence encompasses a wide variety of techniques that allow computation to learn, to adapt, and to seek. That is, they may be designed to learn information without explicit programming regarding the nature of the content to be retained, they may be imbued with the functionality to adapt to maintain their course within a complex and unpredictably changing environment, and they may help us seek out truths about our own dynamics and lives through their inclusion in complex system modeling. These capabilities place our ability to compute in a category apart from our ability to erect suspension bridges, although both are products of technological advancement and reflect an increased understanding of our world. In this book, we show how to unify aspects of learning and adaptation within the computational intelligence framework. While a number of algorithms exist that fall under the umbrella of computational intelligence, with new ones added every year, all of them focus on the capabilities of learning, adapting, and helping us seek. So, the term unified computational intelligence relates not to the individual algorithms but to the underlying goals driving them. This book focuses on the computational intelligence areas of neural networks and dynamic programming, showing how to unify aspects of these areas to create new, more powerful, computational intelligence architectures to apply to new problem domains.

Complexity and the Economy

Complexity and the Economy PDF

Author: W. Brian Arthur

Publisher: Oxford University Press, USA

Published: 2015

Total Pages: 241

ISBN-13: 0199334293

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A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.

Soft Computing and its Applications in Business and Economics

Soft Computing and its Applications in Business and Economics PDF

Author: Rafik Aziz Aliev

Publisher: Springer

Published: 2012-08-10

Total Pages: 457

ISBN-13: 3540444297

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"Soft Computing and its Applications in Business and Economics," or SC-BE for short, is a work whose importance is hard to exaggerate. Authored by leading contributors to soft computing and its applications, SC-BE is a sequel to an earlier book by Professors R. A. Aliev and R. R. Aliev, "Soft Computing and Its Applications," World Scientific, 200l. SC-BE is a self-contained exposition of the foundations of soft computing, and presents a vast compendium of its applications to business, finance, decision analysis and economics. One cannot but be greatly impressed by the wide variety of applications - applications ranging from use of fuzzy logic in transportation and health case systems, to use of a neuro-fuzzy approach to modeling of credit risk in trading, and application of soft computing to e-commerce. To view the contents of SC-BE in a clearer perspective, a bit of history is in order. In science, as in other realms of human activity, there is a tendency to be nationalistic - to commit oneself to a particular methodology and relegate to a position of inferiority or irrelevance all alternative methodologies. As we move further into the age of machine intelligence and automated reasoning, we run into more and more problems which do not lend themselves to solution through the use of our favorite methodology.

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence PDF

Author: Ajay Agrawal

Publisher: University of Chicago Press

Published: 2024-03-05

Total Pages: 172

ISBN-13: 0226833127

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A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Intelligent Transportation Related Complex Systems and Sensors

Intelligent Transportation Related Complex Systems and Sensors PDF

Author: Kyandoghere Kyamakya

Publisher: MDPI

Published: 2021-09-01

Total Pages: 494

ISBN-13: 3036508481

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Building around innovative services related to different modes of transport and traffic management, intelligent transport systems (ITS) are being widely adopted worldwide to improve the efficiency and safety of the transportation system. They enable users to be better informed and make safer, more coordinated, and smarter decisions on the use of transport networks. Current ITSs are complex systems, made up of several components/sub-systems characterized by time-dependent interactions among themselves. Some examples of these transportation-related complex systems include: road traffic sensors, autonomous/automated cars, smart cities, smart sensors, virtual sensors, traffic control systems, smart roads, logistics systems, smart mobility systems, and many others that are emerging from niche areas. The efficient operation of these complex systems requires: i) efficient solutions to the issues of sensors/actuators used to capture and control the physical parameters of these systems, as well as the quality of data collected from these systems; ii) tackling complexities using simulations and analytical modelling techniques; and iii) applying optimization techniques to improve the performance of these systems.

Computing Predictive Analytics, Business Intelligence, and Economics

Computing Predictive Analytics, Business Intelligence, and Economics PDF

Author: Cyrus F. Nourani

Publisher: CRC Press

Published: 2019-06-26

Total Pages: 294

ISBN-13: 0429878710

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This volume brings together research and system designs that address the scientific basis and the practical systems design issues that support areas ranging from intelligent business interfaces and predictive analytics to economics modeling. Applications for management science and IT have been of interest areas for business schools and computing experts during recent years. Among the areas that are being treated are modern analytics, heterogeneous computing, business intelligence, ERP (enterprise resource planning), and decision science. Consumers have been pledging their love for data visualizations for a while now, and data is the area being explored, such as B2B and EC (E-commerce), E-business and the Intelligent Web, CRM (customer relationship management), infrastructures, and more. The digitization implications of these many new applications are described and explored in this informative volume.

Economics and Artificial Intelligence

Economics and Artificial Intelligence PDF

Author: Jean-Louis Roos

Publisher: Elsevier

Published: 2014-05-09

Total Pages: 211

ISBN-13: 1483191060

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Economics and Artificial Intelligence documents the proceedings of the IFAC/IFORS/IFIP/IASC/AFCET Conference held in Aix-en-Provence, France on September 2-4, 1986. This book discusses the design of intelligent dialogue in D.S.S. qualitative modeling of economic studies; basic propositions for intelligent systems design methods; and expert systems for confirmatory data analysis. The artificial intelligence for transaction cost economizing; knowledge-based evaluation of strategic investments; and reasoning system for the guidance of technological transfer are also elaborated. This text likewise covers the A.I. impacts on the process of the division of labor; using automated techniques to generate expert systems for R&D project monitoring; and intelligent support to decision making process. This compilation is a good reference for students and researchers conducting work on the nature of economics and artificial intelligence.

Barriers and Bounds to Rationality

Barriers and Bounds to Rationality PDF

Author: Peter Albin

Publisher: Princeton University Press

Published: 1998-04-26

Total Pages: 292

ISBN-13: 0691026769

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Peter Albin is known for his seminal work in applying the concepts of adaptive dynamical systems, first developed by biologists and physicists, to the study of economic systems. This book is a collection of his pathbreaking articles on the application of cellular automata and complexity theory to economic problems. Duncan Foley provides a thoughtful introduction in which he reviews the disparate analytical sources of Albin's work in the theories of nonlinear dynamical systems, economic dynamics, cellular automata, linguistic and computational complexity, and bounded rationality. Albin has analyzed economic systems as interactions of highly complex components (i.e., intelligent human beings). He uses the theories of generative linguistics and cellular automata to establish that the complexity level of economic systems is, in principle at least, that of a Turing machine or general-purpose computer, establishing that classic economic approaches to the problems of household and firm choice, macroeconomic prediction, and policy evaluation may give rise to undecidable propositions and uncomputable functions. He develops simple models of dynamic economic interaction based on cellular automata which illustrate the inherent complexity of economic interactions and the resulting challenge they pose to traditional theories of rational economic behavior. These models explore the dynamics of the business cycle, decentralized market trading, and the emergence of cooperation in a novel local-interaction version of the repeated prisoners' dilemma game. Albin's work provides a unique and important perspective on economic systems.