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Fuzzy Logic and Neurofuzzy Applications in Business and Finance [Paperback]

Constantin von Altrock (Author)

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Constantin Von Altrock
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Product Description

Product Description

Introduces the reader to the what, how and why of implementing fuzzy logic in business and finance. Uses a practical approach with exercises and case studies to exemplify the use and benefit of fuzzy systems.

From the Back Cover


59151-1

Make sharper business decisions with fuzzy logic!

What's it worth to your business to make better decisions about:

  • Credit?
  • R&D?
  • Investments?
  • Direct marketing?
  • Suppliers?
  • Quality control?

You can do all that, and a whole lot more, with fuzzy logic, the first technology that allows computers to make decisions with human-like judgment. Long proven in engineering and scientific applications, fuzzy logic takes into account all the uncertainties of the real world—where “maybe” and “probably” are a whole lot more common than “yes” and “no”

Now, internationally-renowned fuzzy logic expert Constantin Von Altrock, author of Fuzzy Logic and NeuroFuzzy Applications Explained, shows you exactly how fuzzy logic works—and gives you tools to use it in your business.

In this hands-on, practical guide, you'll walk through powerful fuzzy logic business applications for business, including supplier evaluation, customer targeting, scheduling, choosing R&D projects, and forecasting. You'll watch fuzzy logic at work analyzing credit, evaluating leases, making stock market decisions, and uncovering fraud.

Then model your own fuzzy logic applications with fuzzyTECH™ for Business simulation software for Windows™. It's included on the CD-ROM—along with working applications you can adapt for your own needs. You'll even learn how to integrate fuzzy logic decision-making with your existing data, using Microsoft's Visual Basic, Access, Excel, OLE, and DDE.

If you need to make the best possible decisions, make them fast, and make plenty of them, you've come to the right book: Fuzzy Logic and NeuroFuzzy Applications in Business and Finance.

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17 of 19 people found the following review helpful
Fuzzy logic and neurofuzzy applications in business and fina 1 May 2000
By A Customer - Published on Amazon.com
Format:Paperback
This book has a promising blurb which lead to me buy it. I was greatly disappointed. The blurbs suggested that the book would have plenty of detailed examples for the use of fuzzy logic in business and finance. The examples were there, but few and far in between, without the detail that would have made them useful case studies. Instead the author spends almost the entire book on one *single* fuzzy logic software called fuzzytech. The book is more like a manual for fuzzytech applications than it is an exposition on the use of fuzzy logic for business and finance.
1 of 1 people found the following review helpful
Good book to explore Fuzzy Logic solutions 18 Sep 2001
By W. De Ru - Published on Amazon.com
Format:Paperback
I found this book to be a worthwhile read. I agree with the other reviewers that it covers Fuzzytech quite extensively, but a completely working version of fuzzytech ships with the book, so it is possible to follow all the examples in the book. The book triggered some good ideas for me as to how to implement fuzzy logic in the business environment. It does not try to be a very academical book, although various discussions are given to explain Fuzzy Logic. If you are prepared to use Fuzzytech as tool to play around with examples, then this is a good book.
1 of 1 people found the following review helpful
If you plan on learning the Fuzzytech program, you need this 4 Mar 2001
By A Customer - Published on Amazon.com
Format:Paperback
As a user of the fuzzy logic program that von Altrock's company makes, I have found that this book is absolutely necessary. The truly weird thing is that Inform, the software publisher, doesn't tell you about this book, when it should be included with every Fuzzy program that they sell. The manual that is included with the program is wretchedly bad; dull, confusing, and pointless. Only worse. Once you discover this book, much of the operational confusion surrounding Fuzzytech will be cleared up. However, von Altrock cannot resist a certain measure of obscurity. NeuroFuzzy applications is direct and clear, but leaves plenty of understanding gaps between one implementation and another. Von Altrock needs to expand this text and provide a wider range of specifics and details. For instance, until very recently, Fuzzytech suffered from a limited ability to read data files. This placed the program far behind the curve of contemporary usage. This is badly needed information; how does the progam really work ? Since this is the ONLY readable volume on the subject, von Altrock and Inform would be well advised to do a more thorough job of linking theory to practice.

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