DECISION-MAKING BASED ON MACHINE LEARNING TECHNIQUES: A CASE STUDY

被引:0
|
作者
Eboule, Patrick S. Pouabe [1 ]
Pretorius, Jan-Harm C. [1 ]
Pretorius, Leon [1 ]
机构
[1] Univ Johannesburg, Johannesburg, South Africa
来源
POLISH JOURNAL OF MANAGEMENT STUDIES | 2023年 / 28卷 / 01期
关键词
decision-making; strategic management; machine learning techniques; MANAGEMENT;
D O I
10.17512/pjms.2023.28.1.14
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Decision-making in companies is often based on the managers' personal experience. However, their consequences can have an impact on the development of the daily activities. To illustrate the managerial impact of decision-making, the biggest African power utility company based in South Africa will be analyzed. Various data such as annual productivity and energy sales were extracted over 15 years from his annual reports and two artificial neural network techniques named Levenberg-Marquardt and Scaled Conjugate Gradient used to analyze them. It emerged from the results obtained that between 2018 and 2020 the company experienced good growth which could extend until 2025 in the best-case scenario or else will drop again to reach its 2020 well-being state. Thus, the obtained results could be used to reinforce the decision-making and to determine the moment when decisions should be taken to prevent the demise of the company.
引用
收藏
页码:240 / 262
页数:23
相关论文
共 50 条
  • [21] A machine learning approach to identifying decision-making styles for managing customer relationships
    Ana Alina Tudoran
    Electronic Markets, 2022, 32 : 351 - 374
  • [22] A Three-Stage Decision-Making Method Based on Machine Learning for Preventive Maintenance of Airport Pavement
    Li, Yan
    Niu, Zhenxing
    He, Yinzhang
    Hu, Qinshi
    Zhang, Jiupeng
    IEEE TRANSACTIONS ON INTELLIGENT TRANSPORTATION SYSTEMS, 2025, 26 (03) : 4152 - 4164
  • [23] The Oesophageal Cancer Multidisciplinary Team: Can Machine Learning Assist Decision-Making?
    Thavanesan, Navamayooran
    Vigneswaran, Ganesh
    Bodala, Indu
    Underwood, Timothy J. J.
    JOURNAL OF GASTROINTESTINAL SURGERY, 2023, 27 (04) : 807 - 822
  • [24] Decision-making for financial trading: A fusion approach of machine learning and portfolio selection
    Paiva, Felipe Dias
    Nogueira Cardoso, Rodrigo Tomas
    Hanaoka, Gustavo Peixoto
    Duarte, Wendel Moreira
    EXPERT SYSTEMS WITH APPLICATIONS, 2019, 115 : 635 - 655
  • [25] Use of machine learning to model surgical decision-making in lumbar spine surgery
    Nathan Xie
    Peter J. Wilson
    Rajesh Reddy
    European Spine Journal, 2022, 31 : 2000 - 2006
  • [26] Explaining Machine Learning: Adding Interactivity to Develop Decision-making Visualization Expectations
    Heleno, Marco
    Correia, Nuno
    Carvalhais, Miguel
    PROCEEDINGS OF THE 9TH INTERNATIONAL CONFERENCE ON DIGITAL AND INTERACTIVE ARTS (ARTECH 2019), 2019,
  • [27] Decision-making in machine learning using novel picture fuzzy divergence measure
    Adeeba Umar
    Ram Naresh Saraswat
    Neural Computing and Applications, 2022, 34 : 457 - 475
  • [28] A machine learning approach to identifying decision-making styles for managing customer relationships
    Tudoran, Ana Alina
    ELECTRONIC MARKETS, 2022, 32 (01) : 351 - 374
  • [29] Use of machine learning to model surgical decision-making in lumbar spine surgery
    Xie, Nathan
    Wilson, Peter J.
    Reddy, Rajesh
    EUROPEAN SPINE JOURNAL, 2022, 31 (08) : 2000 - 2006
  • [30] Decision-making in machine learning using novel picture fuzzy divergence measure
    Umar, Adeeba
    Saraswat, Ram Naresh
    NEURAL COMPUTING & APPLICATIONS, 2022, 34 (01) : 457 - 475