scholarly journals Relevance of break-even points for start-ups in decision making (Case-based approach)

2021 ◽  
Vol 7 (11) ◽  
pp. 53-59
Author(s):  
Dr. Sangeeta Porwal
Keyword(s):  
2021 ◽  
pp. 1-36
Author(s):  
Henry Prakken ◽  
Rosa Ratsma

This paper proposes a formal top-level model of explaining the outputs of machine-learning-based decision-making applications and evaluates it experimentally with three data sets. The model draws on AI & law research on argumentation with cases, which models how lawyers draw analogies to past cases and discuss their relevant similarities and differences in terms of relevant factors and dimensions in the problem domain. A case-based approach is natural since the input data of machine-learning applications can be seen as cases. While the approach is motivated by legal decision making, it also applies to other kinds of decision making, such as commercial decisions about loan applications or employee hiring, as long as the outcome is binary and the input conforms to this paper’s factor- or dimension format. The model is top-level in that it can be extended with more refined accounts of similarities and differences between cases. It is shown to overcome several limitations of similar argumentation-based explanation models, which only have binary features and do not represent the tendency of features towards particular outcomes. The results of the experimental evaluation studies indicate that the model may be feasible in practice, but that further development and experimentation is needed to confirm its usefulness as an explanation model. Main challenges here are selecting from a large number of possible explanations, reducing the number of features in the explanations and adding more meaningful information to them. It also remains to be investigated how suitable our approach is for explaining non-linear models.


2022 ◽  
pp. 85-123
Author(s):  
Chandrani Singh ◽  
Sunil Hanmant Khilari ◽  
Archana Nandanan Nair

Agriculture being the prime means of livelihood, there is a basic need of re-inventing the farming best practices, combined with tech-driven innovations in this segment to ensure sustainability and eliminate poverty and hunger. In this chapter, the authors focus on introducing relevant technology-enabled services that will ensure economic sustainability, enhance food security through data-driven decision making by various stakeholders like farmers,agri-business and agri-tech start-ups, farmpreneurs, government, agronomists, and IT suppliers. The analyzed information will be used as a vantage by farmers to select precision farming practices to aid productivity to empower personnel to provide timely assistance and industries to implement real-time monitoring using sensors and devices. The chapter will help formulate concepts, methods, practices, benefits, and introducing several case scenarios to effectively propagate the service mode of farming that will imbibe pay-as-you go model ensuring cost optimization and operational ease.


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