Today’s business world is characterized by a complex non-linear environment, non-hierarchical organization structures, multi-country and de-centralized operations, etc. The prominent models of decision-making that were primarily developed with the industrial economy in mind, and that viewed decision-making as a couple of linear sequential steps and “decisions given-and-decisions followed” — might not work too well. Knowledge-based economies call for developing decision-making models that represent the complexity of the present world business. Under such context, we present an alternative approach to studying management decision-making — seeking inspiration from the natural/biological systems. Bees show similar behavior in their foraging activities, as a single objective management decision-making problem. The uniqueness of the developed model lies in its ability to explain the major properties of a complex system, and the value that emergence (of a decision) brings to a company.
Fernando Buarque de Lima Neto
Institution: University of Pernambuco
Department: Computing Engineering Program
Fernando Buarque de Lima Neto has a PhD in Artificial Intelligence by University of London and a Diploma of Imperial College in Artificial Neural Networks (2002), a Master's Degree in Computing by Federal University of Pernambuco (1998) and a Bachelor degree in Computer Science by Catholic University of Pernambuco (1991). He has studied Business Administration, and read Philosophy of Science and Neuroscience. His research interests are Intelligent Decision Support, Metaheuristics and Optimizations. Prof. Buarque is an accredited researcher by CNPq (The Brazilian Research Council) and Senior Member of IEEE. Currently, Fernando Buarque is (i) Associate Professor of University of Pernambuco, (ii) Visiting Professor to University of Johannesburg, South Africa, (iii) Graduate Faculty of Florida Institute of Technology, (iv) Chair of 2013 BRICS Countries and Brazilian Congress on Computational Intelligence and (v) Co-Chair of 2014/2015 BRAGFOST (Brazil-Germany Symposia in Frontiers of Science) of Alexander von-Humboldt (Germany) & CAPES (Brazil) funding agencies.