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
  • [41] Unlocking Real-Time Decision-Making in Warehouses: A machine learning-based forecasting and alerting system for cycle time prediction
    Aloini, Davide
    Benevento, Elisabetta
    Dulmin, Riccardo
    Guerrazzi, Emanuele
    Mininno, Valeria
    TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW, 2025, 194
  • [42] Performing solo Bach: A case study of musical decision-making
    Bangert, Daniel
    Fabian, Dorottya
    Schubert, Emery
    Yeadon, Daniel
    MUSICAE SCIENTIAE, 2014, 18 (01) : 35 - 52
  • [43] A case study - "The Concrete Sumo" - Exigent decision-making in engineering
    Pritchard, MS
    SCIENCE AND ENGINEERING ETHICS, 1999, 5 (04) : 541 - 541
  • [44] A decision-making framework with machine learning for transport outsourcing based on cost prediction: an application in a multinational automotive company
    Aguirre-Rodríguez E.Y.
    Rodríguez E.C.A.
    da Silva A.F.
    Rizol P.M.S.R.
    de Carvalho Miranda R.
    Marins F.A.S.
    International Journal of Information Technology, 2024, 16 (3) : 1495 - 1503
  • [45] Psychometric Study of Two Decision-Making Measures: The Melbourne Decision-Making Questionnaire versus the General Decision-Making Style Questionnaire
    Aluja, Anton
    Balada, Ferran
    Garcia, Oscar
    Garcia, Luis F.
    PSYCHIATRY INTERNATIONAL, 2024, 5 (03): : 503 - 514
  • [46] An Automated Machine Learning (AutoML) Method of Risk Prediction for Decision-Making of Autonomous Vehicles
    Shi, Xiupeng
    Wong, Yiik Diew
    Chai, Chen
    Li, Michael Zhi-Feng
    IEEE TRANSACTIONS ON INTELLIGENT TRANSPORTATION SYSTEMS, 2021, 22 (11) : 7145 - 7154
  • [47] Analysis of Decision-Making Process Using Methods of Quantitative Electroencephalography and Machine Learning Tools
    Wojcik, Grzegorz M.
    Masiak, Jolanta
    Kawiak, Andrzej
    Kwasniewicz, Lukasz
    Schneider, Piotr
    Postepski, Filip
    Gajos-Balinska, Anna
    FRONTIERS IN NEUROINFORMATICS, 2019, 13
  • [48] Using machine learning to predict perfusionists' critical decision-making during cardiac surgery
    Dias, R. D.
    Zenati, M. A.
    Rance, G.
    Srey, Rithy
    Arney, D.
    Chen, L.
    Paleja, R.
    Kennedy-Metz, L. R.
    Gombolay, M.
    COMPUTER METHODS IN BIOMECHANICS AND BIOMEDICAL ENGINEERING-IMAGING AND VISUALIZATION, 2022, 10 (03) : 308 - 312
  • [49] Game theory in sustainable decision-making: A new acetic acid plant as a case study
    Gonzalez-Ramirez, Mayra G.
    Rodriguez-Gonzalez, Pablo T.
    JOURNAL OF CLEANER PRODUCTION, 2021, 321
  • [50] Marketing support of decision-making at the forest enterprise: A case study on roundwood assortments portfolio
    Halaj, Daniel
    CENTRAL EUROPEAN FORESTRY JOURNAL, 2019, 65 (3-4) : 223 - 232