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Chapter 4 DECISION SUPPORT AND ARTIFICIAL INTELLIGENCE Brainpower for Your Business STUDENT LEARNING OUTCOMES VISUALIZING INFORMATION IN MAP FORM FOR DECISION MAKING INTRODUCTION • 4 Phases of decision making Four Phases of Decision Making Types of Decisions You Face • Structured decision • Nonstructured decision • Recurring decision • Nonrecurring (ad hoc) decision Types of Decisions You Face CHAPTER ORGANIZATION 1. Decision Support Systems 2. Geographic Information Systems 3. Expert Systems 4. Neural Networks and Fuzzy Logic CHAPTER ORGANIZATION 5. Genetic Algorithms 6. Intelligent Agent DECISION SUPPORT SYSTEMS • Decision support system (DSS) Alliance between You and a DSS Components of a DSS • Model management component • Data management component • User interface management component Components of a DSS GEOGRAPHIC INFORMATION SYSTEMS • Geographic information system (GIS) Zillow GIS Software for Denver EXPERT SYSTEMS • Expert (knowledge-based) system Traffic Light Expert System What Expert Systems Can and Can’t Do • An expert system can • An expert system can’t NEURAL NETWORKS AND FUZZY LOGIC • Neural network (artificial neural network or ANN) Neural Networks Can… Fuzzy Logic • Fuzzy logic GENETIC ALGORITHMS • Genetic algorithm Evolutionary Principles of Genetic Algorithms 1. Selection 2. Crossover 3. Mutation Genetic Algorithms Can… INTELLIGENT AGENTS • Intelligent agent • Types Information Agents • Information Agents • Ex: Buyer agent or shopping bot Monitoring-and-Surveillance Agents Monitoring-and-surveillance (predictive) agents Data-Mining Agents Data-mining agent User Agents • User or personal agent • Examples MULTI-AGENT SYSTEMS AND AGENT-BASED MODELING • Biomimicry • Used to Agent-Based Modeling • Agent-based modeling • Multi-agent system Business Applications Swarm Intelligence Swarm (collective) intelligence Characteristics of Swarm Intelligence