International Journal of Computer and Communication Technology
Article Title
Intelligent Decision Making Using Evolutionary System for Optimizing Product-Mix Model
Abstract
The development and deployment of managerial decision support system represents an emerging trend in the business and organizational field in which the increased application of Decision Support Systems (DSS) can be compiling by Intelligent Systems (IS). Decision Support Systems (DSS) are a specific class of computerized information system that supports business and organizational decision-making activities. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information from raw data, documents, personal knowledge, and/or business models to identify and solve problems and make decisions. Competitive business pressures and a desire to leverage existing information technology investments have led many firms to explore the benefits of evolutionary system data management solutions such as Particle Swarm Optimization (PSO) and Genetic Algorithm (GA). This study proposes a new model for product mix problem based on evolutionary system for optimizing constraint values as well as objective function. The formulations of the objective function for the minimization problem. This technology is designed to help businesses to finding multi objective functions.
Recommended Citation
Devi, Suprava; Panigrahi, Sushanta; and Panigrahi, Sunil Kumar
(2013)
"Intelligent Decision Making Using Evolutionary System for Optimizing Product-Mix Model,"
International Journal of Computer and Communication Technology: Vol. 4:
Iss.
4, Article 6.
DOI: 10.47893/IJCCT.2013.1205
Available at:
https://www.interscience.in/ijcct/vol4/iss4/6
DOI
10.47893/IJCCT.2013.1205
