TITLE:
Neural Network-Based Performance Index Model for Enterprise Goals Simulation and Forecasting
AUTHORS:
Joe Essien, Martin Ogharandukun
KEYWORDS:
Neural Network, Bayesian Neural Network, Decision Support, Predictor Forecasting, Decision Support, Enterprise Architecture
JOURNAL NAME:
Journal of Computer and Communications,
Vol.11 No.8,
August
4,
2023
ABSTRACT: Enterprise Information System management has become an increasingly vital factor for many firms. Several organizations have encountered problems when attempting to evaluate organizational performance. Measurement of performance metrics is a key challenge for a huge number of firms. In order to preserve relevance and adaptability in competitive markets, it has become essential to respond proactively to complex events through informed decision-making that is supported by technology. Therefore, the objective of this study was to apply neural networks to the modeling, simulation, and forecasting of the effects of the performance indicators of Enterprise Information Systems on the achievement of corporate objectives and value creation. A set of quantifiable and sizeable conditionally independent associations were derived using a simplified joint probability distribution technique. Bayesian Neural Networks were utilized to describe the link between random variables (features) and to concisely and easily specify the joint probability distribution. The research demonstrated that Bayesian networks could effectively explore complex logical linkages by employing probability to represent uncertainty and probabilistic rules; and by applying impact models from Bayesian taxonomies to achieve learning and reasoning processes.