Abstract

Abstract In decision analysis, building a decision model such as an influence diagram is a burdensome problem requiring time and effort, and the resulting model is generally applicable to only one specific problem. In this research, an influence diagram is built using the technology of knowledge-based systems that utilizes the information learned in one decision problem to solve other similar problems. We designed and developed a knowledge-based decision system, KIDS (Knowledge-based Influence Diagram generating System), in Macintosh using Hypertalk. KIDS is applied to a subset of raw-material buyer problems of Cheil Synthetic Inc., which has produced textile products. KIDS decreases the amount of time and effort for modeling and analyzing decision problems, and it is believed to increase the acceptance of decision analysis as a useful tool.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.