An expert system for ranking companies and investments: wood industry case

An expert system for ranking companies and investments: wood industry case

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Article ID: iaor20041645
Country: Serbia
Volume: 13
Issue: 2
Start Page Number: 187
End Page Number: 197
Publication Date: Jul 2003
Journal: Yugoslav Journal of Operations Research
Authors: , , ,
Keywords: fuzzy sets, decision theory: multiple criteria
Abstract:

Wood industry is a very important of both the Greek rural and industrial sector. The discovery of the differentiation in the level of growth and in the quality of financial management between the Greek wood companies can provide very important aid in the design of an effective rural development policy. The evaluation and ranking of Greek wood companies based on actual financial data is a very complicated task and it requires expertise knowledge and skills. On the other hand a computer expert system can perform validation and evaluation in an efficient way and can replace human experts. An expert system was designed and developed towards this direction. It uses multicriteria analysis for each one of the wood companies based on actual financial data and it applies fundamental principles of fuzzy logic in order to calculate the expected intervals of flows for the following years.

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