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Neural Networks as a New Method of Solving Problems in Business and Possibilities of Their Use in Management

Author

Listed:
  • Anton Zidar

    (AMC Management Consulting, Slovenia)

  • Roberto Biloslavo

    (University of Primorska, Slovenia)

Abstract

Neural networks are a relatively young developmental area. They imitate the principles of the biological brain and can therefore be variously applied in different fields. Neural networks have a characteristic of learning. They solve problems in a similar way as the biological brain. Neural networks are a powerful tool for solving different problems in management. However, in Slovenia there is a lack of literature on neural networks that would serve as an introduction to the field for experts in the social sciences. The little literature that is available is intended for experts in natural sciences and for technicians. The article deals with an introduction to the basic understanding of neural networks and possibilities of their use in management. Further, it provides a description of neural networks and shows ways of using them when solving different business problems.

Suggested Citation

  • Anton Zidar & Roberto Biloslavo, 2010. "Neural Networks as a New Method of Solving Problems in Business and Possibilities of Their Use in Management," Management, University of Primorska, Faculty of Management Koper, vol. 5(3), pages 279-291.
    • Handle: RePEc:mgt:youmng:v:5:y:2010:i:3:p:279-291
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