Supporting Decision Makers with Fuzzy Cognitive Maps
Research Technology Management › Vol. 52 Nbr. 3, May 2009
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Summary
Fuzzy Cognitive Maps are fuzzy graph structures that represent causal reasoning. This article proposes a means of building and using such maps to support the managers as well as analysts of R&D portfolios by making prediction comparisons between the research projects under evaluation. The proposal considers the factors within the decision environment and their relationships. With this methodology it becomes possible for analysts to automate (or support, at least) their decision processes.
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Supporting Decision Makers with Fuzzy Cognitive Maps
This paper recognizes that real-life situations are not static, that the world changes continuously while a decision maker attempts to make a choice, and that it also changes as a result of those choices. It also views decision making as often constrained by limited resources. Most real-world decision making is dynamic. Critical decisions in sales, manufacturing, finance, and other domains require multiple and interrelated time- onstrained decisions under strongly uncertain and complex conditions.
Current models of decision making often reverse the assumptions that alternative courses of action can be established, the outcome of choosing an alternative is known, or that it is at l...See the full content of this document
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