Simulation of Causal Relations of Stakeholder Management System by Using Fuzzy Cognitive Map Approach - A Comparison of Hungarian and Lithuanian Attitudes
Publication Name: Procedia Computer Science
Publication Date: 2015-01-01
Volume: 65
Issue: Unknown
Page Range: 880-890
Description:
Stakeholder Relationship Management Systems (SRMS) describe the general behavior of stakeholder relations at organizations. Knowing the interactions between the drivers of the SRMS helps to improve the efficiency of the whole system. This paper investigates the applicability of Fuzzy Cognitive Maps (FCM) to simulate the system dynamics and the causal connections within it. Previous investigations showed that FCM is a proper tool to analyze these relations and with the help of that the business management process and decision making in projects can be supported. The aim of this paper is to present the results of current simulations made with the help of FCM at Lithuanian and Hungarian organizations and to explain the causes of the identified differences. Beside that the paper investigates the influences of the modification of the threshold function's parameter on the final factor states.
Open Access: Yes