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Multifaceted Modelling of Complex Business Enterprises.
Subrata Chakraborty1, Kerrie Mengersen2, Colin Fidge3
1School of Management and Enterprise, University of Southern Queensland, Springfield Central, Queensland, Australia.
This study introduces a new complex system approach for enterprise modeling, integrating diverse data types into Bayesian probability forms. This method enhances decision-making and supports customized enterprise management tools.
Area of Science:
- Business Management
- Systems Engineering
- Data Science
Background:
- Enterprises are complex systems with diverse data types and stakeholder perspectives.
- Integrating disparate data sources (historic, survey, expert, planning, incomplete) is a significant challenge.
- Existing models often struggle to incorporate the multifaceted nature of business operations.
Purpose of the Study:
- To present a novel, generic, multifaceted complex system approach for modeling complex business enterprises.
- To develop a method for integrating diverse enterprise data into a unified Bayesian probability framework.
- To demonstrate the utility of complex system models as a management tool for enterprise decision-making.
Main Methods:
- Formalization of a multifaceted complex system approach.
- Development of a novel method for converting diverse data types into Bayesian probability forms.
- Application of the approach to a railway transport case study for decision support model development.
Main Results:
- Successful integration of historic, survey, management planning, expert, and incomplete data.
- Demonstration of a structured approach to complex system modeling addressing decision contexts.
- Development of a customized decision support model for a railway transport enterprise.
Conclusions:
- The proposed complex system approach effectively integrates diverse data for enterprise modeling.
- The Bayesian probability framework facilitates the conversion of varied data into usable forms.
- The approach provides a versatile decision support tool applicable across different enterprise operational phases.
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