Download Adaptive Business Intelligence by Zbigniew Michalewicz PDF

By Zbigniew Michalewicz

Within the sleek info period, managers needs to realize the aggressive possibilities represented by way of decision-support instruments. Adaptive enterprise intelligence structures mix prediction and optimization ideas to aid selection makers in complicated, swiftly altering environments. those structures tackle the basic questions: what's prone to occur sooner or later? and what's the simplest selection right away? Adaptive enterprise Intelligence comprises components of information mining, predictive modeling, forecasting, optimization, and adaptability.The authors have significant educational learn backgrounds in man made intelligence and similar fields, mixed with years of sensible consulting event in companies and industries all over the world. during this publication they clarify the technology and alertness of various prediction and optimization concepts, in addition to how those ideas can be utilized to increase adaptive platforms. The innovations lined comprise linear regression, time-series forecasting, selection timber and tables, man made neural networks, genetic programming, fuzzy structures, genetic algorithms, simulated annealing, tabu seek, ant platforms, and agent-based modeling.This ebook is acceptable for enterprise and IT managers who make judgements in complicated commercial and repair environments, nonspecialists who are looking to comprehend the technology in the back of higher predictions and judgements, and scholars and researchers who desire a quickly advent to this box.

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Do not send any red cars to South-East auctions”). This is important for analyzing what-if scenarios. Let us conclude this chapter with an observation that we have already discussed (in general terms) in Chap. 1: namely, that all the knowledge in the world will not guarantee the right or best decision. Hence, even if we possessed “perfect knowledge” and were capable of accurately predicting the price of any car at any auction site for any day, we still would not know how to optimally distribute 3,000 cars on any given day because of all the issues mentioned above.

However, to estimate these prices, we have to take into account factors such as the seasonality effect and price depreciation, and these additional factors make our decision a bit tricky. In making the decision of Georgia vs. Pennsylvania vs. California, we also have to take into account transportation costs, the volume effect, and current inventories (as discussed earlier). We also have to weigh the possibility of a better price in California against higher transportation costs, higher price depreciation, higher risk, etc.

One approach would be to discretize an attribute by rounding: The actual mileage of the car can be rounded off to the closest 1,000 miles, thus 23,772 miles would become 23,000 miles. Another possibility would be to create some number of discrete categories (say, 20), and distribute all values to these categories in such a way that the average distance of a value from its category mean is the smallest. For example, the first category may contain mileages from 0 to 11,209, the second category may contain mileages from 11,789 to 18,991, and so on.

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