• DocumentCode
    245635
  • Title

    Decision-Making in Partially Observable Environments

  • Author

    Guerreiro, Sergio

  • Author_Institution
    Lusofona Univ., Lisbon, Portugal
  • Volume
    1
  • fYear
    2014
  • fDate
    14-17 July 2014
  • Firstpage
    159
  • Lastpage
    166
  • Abstract
    Organizations are striving to find solutions that perform their business processes more efficiently and more effective. While organizations pursue these objectives, the surrounding and the internal environment is changing and consequently incrementing the complexity for the managers to formulate full informed decisions. Moreover, the organizational environments do not allow to full recognize the overall surrounds or the internal current operation, e.g., large fusion and/or acquisitions, or complex semi-automatic business processes. This paper combines partially observable Markov decision processes with DEMO business transactions to support the management initiatives with more knowledge about the impact of their actions in the operation of the organization. An agro-food company shows the usefulness of the solution and the results forecast the management decisions value in situations where is not possible to fully observe the state of the reality, or to be fully aware about it.
  • Keywords
    Markov processes; business data processing; decision making; organisational aspects; DEMO business transactions; agro-food company; complex semiautomatic business process; decision making; management decision value; management initiatives; organizational environments; partially observable Markov decision process; partially observable environments; Companies; Decision making; Hidden Markov models; Markov processes; Production; Belief state; Business transactions; DEMO; Management; Observation; POMDP;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Business Informatics (CBI), 2014 IEEE 16th Conference on
  • Conference_Location
    Geneva
  • Type

    conf

  • DOI
    10.1109/CBI.2014.15
  • Filename
    6904150