An Application of Fuzzy Expert Systems to Strategic Investments: The Case of Florim S.P.A.
Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics
Carlo Alberto Magni
University of Modena and Reggio Emilia - Department of Economics
Università degli Studi della Calabria
Università degli studi di Modena e Reggio Emilia (UNIMORE)
June 26, 2001
International ICSC Symposia on Soft Computing (SOCO2001) and Intelligent Systems for Industry (ISFI 2001), June 26-29, 2001, Paisley, Scotland, UK
This paper makes use of a fuzzy expert system to evaluate a strategic investment. In particular, the model proposed aims at replicating the actual decision process accomplished by Florim S.p.a., an Italian ceramic tile firm which recently had the opportunity of buying a firm in the USA. The model is perfectly consistent with the evaluation process conducted by Florim’s experts and on the basis of the same data available to the expert’s panel, our expert system provides the same investment value and therefore the same solution to the decision process.
Number of Pages in PDF File: 9
Keywords: strategic investments, fuzzy expert system, investment value
JEL Classification: G11, G31, C63, C67, C88working papers series
Date posted: September 15, 2009
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