Investigation of enterprise economic management model based on fuzzy logic algorithm
Ziyi Kang1, Yongkang Zhao2, Dongjoo Kim1
1Department of Social Economy and Management, Graduate School, Woosuk University, Wanju-gun, 55338, Republic of Korea.
This study applies fuzzy logic algorithms to evaluate enterprise economic management, enhancing corporate governance. Fuzzy logic provides a transparent, quantitative method to assess and improve business performance.
Area of Science:
- Business Administration
- Management Science
- Economic Evaluation
Background:
- Modern business models require new management concepts beyond traditional functions.
- Effective corporate economic evaluation is crucial for improving corporate governance.
- Fuzzy logic algorithms offer transparency and effective handling of fuzzy data in management.
Purpose of the Study:
- To introduce an enterprise economic management model and its performance evaluation methods.
- To apply fuzzy logic algorithms for quantitative analysis of enterprise economic management.
- To establish indicators and a performance evaluation model for enterprise economic management.
Main Methods:
- Review of enterprise economic management models, characteristics, and shortcomings.
- Introduction of performance evaluation methods: objective clarity, means optimization, and feedback.
- Application of fuzzy logic algorithms to evaluate economic management performance.
Main Results:
- Fuzzy logic algorithm successfully evaluated economic management in four enterprises.
- Enterprise A demonstrated the highest economic management ability with a score above 0.9.
- Quantitative analysis revealed specific advantages and disadvantages of the management models.
Conclusions:
- Fuzzy logic application enhances enterprise economic management and corporate governance.
- The developed model enables data-driven improvements for increased economic management ability.
- Transparent, quantitative evaluation facilitates better understanding and strategic decision-making.
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