Using Fuzzy Cognitive Map approach to model the casual relationships in stakeholder management at companies

Author

Susniene, D. ; Torma, A. ; Buruzs, Adrienn ; Hatwagner, Miklos F. ; Koczy, Laszlo T.

Author_Institution

Fac. of Technol. & Bus., Kaunas Univ. of Technol., Kaunas, Lithuania

fYear

2014

fDate

5-7 Nov. 2014

Firstpage

121

Lastpage

124

Abstract

The aim of this paper is to investigate the operation of a Stakeholder Relationship Management System (SRMS) as a method for business management and project support by fuzzy approach. The criteria defined in connection with the SRMS will be modelled by using the Fuzzy Cognitive Map (FCM) approach in order to define the causality and weights of interconnections between the factors and to support decision making in that way.

Keywords

decision making; evolutionary computation; fuzzy set theory; organisational aspects; project management; FCM approach; SRMS operation; business management; casual relationship modelling; companies; decision making; fuzzy cognitive map approach; interconnection causality; interconnection weights; project support; stakeholder relationship management system; Analytical models; Companies; Data models; Educational institutions; Electronic mail; Bacterial Evolutionary Algorithm; Factor Reduction Model; Fuzzy Cognitive Map; Stakeholder Relationship Management System;

fLanguage

English

Publisher

ieee

Conference_Titel

Cognitive Infocommunications (CogInfoCom), 2014 5th IEEE Conference on

Conference_Location

Vietri sul Mare

Type

conf

DOI

10.1109/CogInfoCom.2014.7020431

Filename

7020431