DocumentCode :
2797447
Title :
Open Loop Control and Business Planning- A Preliminary
Author :
Nourani, Cyrus F. ; Moudi, R.M.
fYear :
2005
fDate :
23-28 Oct. 2005
Firstpage :
68
Lastpage :
68
Abstract :
New optimality principles are put forth based on-competitive model business planning. A generalized minmax local optimum dynamic programming algorithm is presented and applied to business model computing where predictive techniques can determine local optima. Based on a systems model an enterprise is not viewed as the sum of its component elements, but the product of their interactions. The paper starts with introducing a systems approach to business modeling. A competitive business modeling technique, based on the author´s planning techniques is applied. Systemic decisions are based on common organizational goals, and as such business planning and resource assignments should strive to satisfy higher organizational goals. It is critical to understand how different decisions affect and influence one another. Here, a business planning example is presented where systems thinking technique, using causal loops, are applied to complex management decisions. A preliminary optimal game modeling technique is presented in brief. Conducting gap and risk analysis can assist with this process
Keywords :
business communication; decision theory; dynamic programming; game theory; minimax techniques; planning; resource allocation; risk analysis; business model computing; causal loop; competitive model business planning; generalized minmax dynamic programming algorithm; management decision; optimal game modeling technique; predictive technique; risk analysis; system thinking technique; Economic forecasting; Enterprise resource planning; Logic design; Modeling; Open loop systems; Predictive models; Process planning; Production; Risk analysis; Scheduling;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Autonomic and Autonomous Systems and International Conference on Networking and Services, 2005. ICAS-ICNS 2005. Joint International Conference on
Conference_Location :
Papeete, Tahiti
Print_ISBN :
0-7695-2450-8
Type :
conf
DOI :
10.1109/ICAS-ICNS.2005.71
Filename :
1559920
Link To Document :
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