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Towards an AI Algorithm for Multiple Objectives in Imperfect Markets

Towards an AI Algorithm for Multiple Objectives in Imperfect Markets

Hardcover

Business GeneralManagement

PREORDER - Expected ship date December 3, 2026

ISBN10: 9819260620
ISBN13: 9789819260621
Publisher: Springer
Published: Dec 3 2026
Pages: 262
Language: English
The primary objective of this work is to develop a behavioral basis for an AI algorithm to assist managers of finance, production, and marketing divisions of firms in imperfect markets. Production, sales revenue, external finance, and networth (market value of the fixed assets) have the pivotal role as objectives. However, all of them cannot be maximized simultaneously due to the interdependence among them. The managers tend to pursue the most valuable objective using the most productive strategy at each point of time. This was utilized as a basis for the AI algorithm. Non-linearities in the switches in objectives and strategies are a short run phenomenon while swaps will be preferred if firms have a long run advantage. Such observed phenomena were also incorporated in the specification of the AI algorithms.

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Ramamohan Rao, T. V. S.

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Business General