• Login
    View Item 
    •   Home
    • Massey Documents by Type
    • Theses and Dissertations
    • View Item
    •   Home
    • Massey Documents by Type
    • Theses and Dissertations
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    A knowledge-based system that gives better price recommendations than a good manager : a dissertation submitted to the Faculty of Business Studies, Massey University in fulfilment of the requirements for the degree of Doctor of Philosophy

    Icon
    View/Open Full Text
    02_whole.pdf (4.322Mb)
    01_front.pdf (736.9Kb)
    Export to EndNote
    Abstract
    The objective of this research was to investigate whether it is possible to construct a computer system that provides good price recommendations for marketers in the export wool industry. The computer system is a program that stores and makes use of expert knowledge in the course of providing recommendations to a user. "Good" price recommendations are ones that closely resemble those of a consensus of experts. Fuzzy logic, a method of inexact reasoning, is used to derive recommendations from inexact rules in the system. The system allows users to input vague expressions used in natural language, translates them into nonfuzzy values and then performs a set of operations on them to produce a nonfuzzy recommended price. The effectiveness of the system in making good price decisions was tested by comparing the system's recommendations with consensus recommendations from a panel of experts. The correlation coefficient between the system's recommendations and the consensus recommendations was found to be higher than any of the correlation coefficients between the individual manager's first recommendations and the consensus recommendations. This suggests that the system constructed is capable of providing good price recommendations.
    Date
    1991
    Author
    Tse, Ching Biu
    Rights
    The Author
    Publisher
    Massey University
    URI
    http://hdl.handle.net/10179/3985
    Collections
    • Theses and Dissertations
    Metadata
    Show full item record

    Copyright © Massey University
    | Contact Us | Feedback | Copyright Take Down Request | Massey University Privacy Statement
    DSpace software copyright © Duraspace
    v5.7-2020.1-beta1
     

     

    Tweets by @Massey_Research
    Information PagesContent PolicyDepositing content to MROCopyright and Access InformationDeposit LicenseDeposit License SummaryTheses FAQFile FormatsDoctoral Thesis Deposit

    Browse

    All of MROCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    Statistics

    View Usage Statistics

    Copyright © Massey University
    | Contact Us | Feedback | Copyright Take Down Request | Massey University Privacy Statement
    DSpace software copyright © Duraspace
    v5.7-2020.1-beta1