Modern Organizations and Decision-Making Processes: A Heuristic Approach

Abstract

This chapter explains a hybrid-decision support system (HDSS) in which a heuristic-data mining procedure (a complement of a statistic-data mining) is embedded into the original information system. For the better understanding of these concepts, these tools are presented as hybrid agents interacting in a financial environment. Structures and some important types of decisions that decision makers can adopt in a financial organization (e.g., a commercial bank) and how the suitable information is incorporated in a HDSS, are also discussed.