Decision making aided by Artificial
Intelligence
Decision making aided by Artificial
Intelligence
Author(s): Rafał ŁabędzkiSubject(s): Business Economy / Management, ICT Information and Communications Technologies
Published by: Szkoła Główna Handlowa w Warszawie, Fundacja Promocji i Akredytacji Kierunków Ekonomicznych
Keywords: decision-making process; artificial intelligence; utility; machine learning; management;
Summary/Abstract: The aim of the paper is to present how machine learning can support managersin the decision-making process. Analysis of the issue presented in this elaborationincludes a review of the relevant literature on decision theory and utility as well asmachine learning methods. The paper discusses possibilities of supporting managersthrough artificial intelligence in the context of stages of the decision-making process.It has been demonstrated that – thanks to artificial intelligence – it is possible to bet-ter estimate the expected utility of the alternatives that decision-maker choose from.Additionally, the paper presents an argument indicating that the use of machine learningmakes the manager’s decision-making process closer to the normative approach.
Journal: e-mentor
- Issue Year: 106/2024
- Issue No: 4
- Page Range: 71-78
- Page Count: 8
- Language: English
