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Neural Networks and Its Applications in Managemnt

Neural Networks and Its Applications in Managemnt

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Published by Victor Roy

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Published by: Victor Roy on May 02, 2012
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Assignment I


Submitted by: Swati Sharma (109525)

Submitted to:
Dr. Ritanjali Majhi Asst. professor SCHOOL OF MANAGEMENT NITW


E. axons. E. process information. By the way of using Artificial Intelligence it benefits the mangers in the process of decision making. i. APPLICATIONS IN MANAGEMENT:The neural network is exhaustively used in management practices. dendrites.The Neural Network enables us to manage our and optimal utilization of the available recourses of the organization. .NEURAL NETWORKS AND ITS APPLICATIONS IN MANAGEMENT INTRODUCTION:An Artificial Neural Network (ANN) is an information processing paradigm that is inspired by the way biological nervous systems.The ANN’s are playing a vital role in forecasting a highly nonlinear and vague data. like people.g. 3.g. we can assess the upcoming problems in the running process and can take the possible preventive measures to reduce the associated risk with any project and hence can improve the Return On Investment (ROI). and synapses. In an artificial neural network. through enabling them to take decisions in a logical manner. "processing elements" (PEs) or "units". It is composed of a large number of highly interconnected processing elements (neurones) working together to solve specific problems. whenever it experience anything new. It is an adaptive system in which the data always flows through the learning phase. 4. such as the brain.e. ANNs. variously called "neurons". simple artificial nodes. Disaster management:. are connected together to form a network of nodes mimicking the biological neural networks — hence the term "artificial neural network". learn by example. The underlying return forecast are based on Error Correction Neural Network (ECNN). The key element of this paradigm is the novel structure of the information processing system. Asset Management : . which utilizes the last model error as an auxiliary input to evaluate their own misspecification. by correctly forecasting demand and giving on time supply which ultimately results in an improved performance of entire system. "neurodes". 2. Active Portfolio Management: It uses a Feed Forward neural network which allocates the funds on various available securities complying with various constraints of the customer. natural disasters. we can use the Probabilistic ANN for the process of resource allocation. we can collect the data of the disaster affected data to estimate and forecast the number of affected people and area beforehand going for a relief program.With the help of Artificial Intelligence and Neural Network. `The various areas of application of neural network are: 1. Risk Management: . it will update itself accordingly for future purpose. The original inspiration for the term Artificial Neural Network came from examination of central nervous systems and their neurons. In the similar way we can collect the data to forecast the upcoming disaster for taking the preventive measures. using the available data and information. which constitute the processing element of biological nervous systems.

in/9687/  http://www.springerlink.10 No.cc/papers/files/nips14/AP04.uk/~nd/surprise_96/journal/vol4/cs11/report.org/portal/web/csdl/doi/10.html . classification. Decision Making:. and time series forecasting. It play an increasingly important role in financial applications for such tasks as pattern recognition.ac.672  http://www.pdf  http://sheltercentre.com/apps/trading.ieee.jsp?arnumber=378820  http://www. E.The blend of Artificial Intelligence with Neural Networks enables the user for taking various strategic and day to day decisions the business environment.2007.computer.in/books?hl=en&lr=&id=1IIuCYHP3jQC&oi=fnd&pg=PR11 &dq=neura+network+applications&ots=EXncyLgr3h&sig=-edDmv4nvwyQGjWtp48ZM7Qwic#v=onepage&q&f=false  http://en.com/content/k361l410001u5180/  IJCSNS International Journal of Computer Science and Network Security.g. REFERENCES: http://books. The neural networks are trained with respect to the status information to provide an intelligent decision for the connectivity management.doc.1.nips.ernet.google. January 2010 209:Applying Neural Networks for Loan Decisions in the Jordania Commercial Banking System  Http://searchnetworking.A Neural Network based mobile computing can be used for maintaining connectivity in a mobile computing environment for maintaining user to user connectivity throughout the transaction.com/whitepapers/a-neural-network-approach-for-wirelesssensor-network-power-management/237196  http://eprints. It is observed that the intelligent decision by neural network has improved the performance of the system 6.org/sites/default/files/HH_ApplicationOfANeuralNetworkModelF orDisasterManagementInBangladesh.iisc.co.pdf  http://www.techrepublic.wikipedia.nd. Connectivity management For Mobile Network:. VOL. the ANN acts as an enabling tool for evaluating credit applications to support loan decisions in the commercial banks with the help of a multi-layer feed-forward neural network with back propagation learning algorithm can be used to build up the proposed model.com/definition/neural-network  http://www.html  http://books.org/wiki/Artificial_neural_network  http://ieeexplore.5.ic.techtarget.org/xpl/freeabs_all.1109/ICNC.

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