Recent Advances in Decision Technologies for Management

  • Madan G. Singh
Conference paper
Part of the Advances in Simulation book series (ADVS.SIMULATION, volume 2)

Abstract

In this paper we provide an overview of the Decision Making Problems which face companies in a complex competitive environment. We then explore the technologies of expert systems, decision support systems and a hybrid between the two as potential tools for helping managers to tackle these decision making issues. Finally, a number of specific decision technology elements developed by the author are described and one of these is illustrated for helping with the solution of an important problem in Retail Banking i.e. determining interest rate mixes for savings and lending products in a competitive environment.

Keywords

Corn Marketing Assure Dala Decli 

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References

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    Anthony, “Planning and Control Systems: a framework for analysis” Harvaid University Press, Cambridge, Mass, 1965.Google Scholar
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    A.P. Sage “Decision Support Systems” in Singh M.G. (editor) Encyclopedia of Systems and Control, Volumes 1–8, Pergamon Books Ltd. 1987.Google Scholar
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    M.G. Singh and R. Cook “Price-Strat: a decision support system for determining Bank and Building Society Interest Rate Mixes”, International Journal of Bank marketing, Vol 4, 4, 1986.CrossRefGoogle Scholar
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    M.G. Singh and R. Cook “Improving the Profitability of Bank Lending in a Competitive Environment” International Journal of Bank Marketing, Vol. 5. 3, 1987.CrossRefGoogle Scholar
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    M.G. Singh, R. Cook and M. Corstjens “A Hybrid Knowledge Based System for Retail Space and Other Allocation Problems” Interfaces, May 1988.Google Scholar
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    M.G. Singh and R. Cook “Decision Support Systems for Assets and Libaility Management in Retail Banking”, Quarterly Journal of the Girocentrale Bank, Austria, 1988.Google Scholar
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    M.G. Singh “Price-Strat: A Hybrid Knowledge based System for Competitive Pricing”, Proceedings IX Euro TIMS, Paris, 1988.Google Scholar
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    M.G. Singh, J. Bhondi and M. Corstjens “Mark-opt: A Negotiating Tool for Manufacturers and Retailers”, IEEE Trans SMC, Vol. 15, 14, 1988, pp. 483–495.Google Scholar

Copyright information

© Akademie-Verlag Berlin 1988

Authors and Affiliations

  • Madan G. Singh
    • 1
  1. 1.U.M.I.S.TManchesterUK

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