Emerging Applications of the New Paradigm of Intelligent Decision Making Process: Hybrid Decision Support Systems for Virtual Enterprise (DSS-VE)

Prelipcean, Gabriela; Boșcoianu, Mircea

doi:10.5772/51817

Cited by 3 publications

(1 citation statement)

References 43 publications

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“…Because we now live in a networked environment, enterprises must undergo a significant transition. ICT has the power to reshape businesses, workplaces, and the global economy [23]. Geographical boundaries would vanish with the advent of the new economy, which would be represented by the growth of the Internet.…”

Section: Determinants Of the Knowledge Economymentioning

confidence: 99%

Entrepreneurship in Emerging Economies: The Role of Innovation and Institutions

Prelipcean¹,

Ungureanu²

2023

Business, Management and Economics

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Economists anticipate the future of the economy based on objective analysis, but for these forecasts to be taken into consideration by the economic environment, they must be founded on knowledge of the processes that drive rational expectations and opportunity decision-making. Due to these factors, the chapter we propose examines the emergence of these opportunities as a consequence of economic progress occurring primarily in innovation-based economies. Firstly, entrepreneurial opportunities are significantly influenced by innovation, as a result of both the numerous inventions produced by local entrepreneurs in developing economies and the entrepreneurial practices of those in advanced economies, where innovative concepts are generated and then exported to emerging economies to be implemented in particular local environments. Secondly, there are several different circumstances in which entrepreneurs innovate. A significant focus has been given to the SME sector over the last decade since it dominates emerging economies and contributes to development, but not to its maximum potential due to unique innovation challenges; lastly, strong institutional environments and efficient innovation systems are required to generate opportunities since they have a significant impact on entrepreneurs’ innovative behavior and assist in explaining why individuals with basically similar characteristics act differently in various contexts.

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Section: Determinants Of the Knowledge Economymentioning

confidence: 99%

Entrepreneurship in Emerging Economies: The Role of Innovation and Institutions

Prelipcean¹,

Ungureanu²

2023

Business, Management and Economics

Self Cite

View full text Add to dashboard Cite

show abstract

Innovative Instruments for SME Financing in Romania - a New Proposal with Interesting Implications on Markets and Institutions

Boșcoianu

Prelipean

Calefariu

et al. 2015

Procedia Economics and Finance

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A Knowledge-Based Multi-Criteria Decision Support System Encompassing Cascading Effects for Disaster Management

Caroleo

Palumbo

Osella

et al. 2018

Int. J. Info. Tech. Dec. Mak.

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This paper describes a knowledge-based decision support system (KB-DSS) to improve the preparedness of crisis situations induced by natural and technological hazards. The proposed KB-DSS aims to manage the potential cascading effects generated by a triggering hazard assessing the possible event time histories based on interconnected probabilistic simulation models. From a methodological point of view, a decision model based on two Multi-Criteria Decision-Making (MCDM) algorithms follows a cascading effect simulation model. This combination allows to support the decision maker in comparing a set of mitigation strategies on the basis of their expected impacts and his priorities. The algorithm is based on an ensemble approach, which combines decisions over an array of possible impact scenarios, instead of only relying on the average impact scenario. An application of the KB-DSS to the case of a possible reactivation of Nea Kameni volcano in Santorini is presented to show how the proposed architecture could be applied to a real case. The proposed methodology supports the emergency planners in making the best decisions supporting them also in the choice of the best timing for the intervention.

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Emerging Applications of the New Paradigm of Intelligent Decision Making Process: Hybrid Decision Support Systems for Virtual Enterprise (DSS-VE)

Cited by 3 publications

References 43 publications

Entrepreneurship in Emerging Economies: The Role of Innovation and Institutions

Entrepreneurship in Emerging Economies: The Role of Innovation and Institutions

Innovative Instruments for SME Financing in Romania - a New Proposal with Interesting Implications on Markets and Institutions

A Knowledge-Based Multi-Criteria Decision Support System Encompassing Cascading Effects for Disaster Management

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