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Artificial Intelligence and Responsive Optimization (Second Edition)

By Smarandache, Florentin

Book Id: WPLBN0002828104
Format Type: PDF (eBook)
File Size: 501.67 kb
Reproduction Date: 7/2/2013

Title:	Artificial Intelligence and Responsive Optimization (Second Edition)
Author:	Smarandache, Florentin
Volume:
Language:	English
Subject:	Non Fiction, Education, Neutrosophic Systems
Collections:	Mathematics, Authors Community, Commerce, Economy, Finance, Literature, Education
Historic Publication Date:	2013
Publisher:	World Public Library

Member Page:	Florentin Smarandache
Citation APA MLA Chicago Smarandache, F., & Khoshnevisan, M. (2013). Artificial Intelligence and Responsive Optimization (Second Edition). Retrieved from http://www.self.gutenberg.org/

Description
In part 1, we have defined a fuzzy utility system, with different financial goals, different levels of risk tolerance and different personal preferences, liquid assets, etc. In part 2, we have defined a computational model for a simple portfolio insurance strategy using a protective put and computationally derive the investor’s governing utility structures underlying such a strategy under alternative market scenarios. In Part 3, it is proposed an artificial classification scheme to isolate truly benign tumors from those that initially start off as benign but subsequently show metastases. In part 4, an alternative methodological approach has been proposed for quantifying utility in terms of expected information content of the decision-maker’s choice set.

Summary
The purpose of this book is to apply the Artificial Intelligence and control systems to different real models. This book has been designed for graduate students and researchers who are active in the applications of Artificial Intelligence and Control Systems in modeling.

Excerpt
In this paper we have designed our fuzzy system so that customers are classified to belong to any one of the following three categories: *Conservative and security-oriented (risk shy) *Growth-oriented and dynamic (risk neutral) *Chance-oriented and progressive (risk happy) A neutrosophic system has three components – that’s why it may be considered as just a generalization of a fuzzy system which has only two components. Besides being useful for clients, investor classification has benefits for the professional investment consultants as well. Most brokerage houses would value this information as it gives them a way of targeting clients with a range of financial products more effectively - including insurance, saving schemes, mutual funds, and so forth. Overall, many responsible brokerage houses realize that if they provide an effective service that is tailored to individual needs, in the long-term there is far more chance that they will retain their clients no matter whether the market is up or down.