Title

SOME POTENTIAL APPLICATIONS OF ARTIFICIAL NEURAL SYSTEMS IN FINANCIAL MANAGEMENT

Authors

CT HSIEH

Document Type

Article

Publication Date

4-1-1993

Department

Finance, Real Estate, and Business Law

Abstract

An artificial neural system (ANS) is an artificial-intelligence tool that attempts to simulate the physical process upon which intuition is based--that is, by simulating the process of adaptive biological learning. Theoretically, an ANS is capable of producing a proper response to a given problem (or the best possible response, when more than one response is applicable) even when the information is fuzzy or incomplete, or when no predefined procedure for solving the problem is available. This paper describes some areas of financial management where the artificial neural systems could be very useful.

Publication Title

JOURNAL OF SYSTEMS MANAGEMENT

Volume

44

Issue

4

First Page

12

Last Page

15

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