Exploration and exploitation strategies . What kind of analytical models ?
نویسنده
چکیده
This paper gives some insights related to the combination of exploration and exploitation behaviors. A recurrent question for firms deals with this blend of exploration and exploitation mechanisms. Firms are engaged in new activities like research and at the same time in more routine ones like development and production. Thus, they should find a satisfying arrangement between exploration and exploitation. But in order to do that, they should better understand their working. This paper analyzes adaptive systems through exploration and exploitation behaviors of firms. In order to better understand the temporal articulation of those behaviors, we refer to a mapping representation of search processes using NK models (Kauffman, 1993).
منابع مشابه
An Improved Bat Algorithm with Grey Wolf Optimizer for Solving Continuous Optimization Problems
Metaheuristic algorithms are used to solve NP-hard optimization problems. These algorithms have two main components, i.e. exploration and exploitation, and try to strike a balance between exploration and exploitation to achieve the best possible near-optimal solution. The bat algorithm is one of the metaheuristic algorithms with poor exploration and exploitation. In this paper, exploration and ...
متن کاملRelevance Feedback Models for Content-Based Image Retrieval
We investigate models for content-based image retrieval with relevance feedback, in particular focusing on the exploration-exploitation dilemma. We propose quantitative models for the user behavior and investigate implications of these models. Three search algorithms for efficient searches based on the user models are proposed and evaluated. In the first model a user queries a database for the ...
متن کاملThe relationship between exploration and exploitation strategies, manufacturing flexibility and organizational learning: An empirical comparison between Non-ISO and ISO certified firms
The markets in which organizations currently operate require them to use behaviour based on both exploitation strategy and exploration strategy, each of which contributes fundamental benefits for the firm’s success. Exploitation strategy attempts to obtain the maximum advantage from existing abilities, whereas exploration strategy searches for new ways for the organization to adapt. Further, si...
متن کاملFocused Reading: Reinforcement Learning for What Documents to Read
Recent efforts in bioinformatics have achieved tremendous progress in the machine reading of biomedical literature and the assembly of the extracted biochemical interactions into largescale models such as protein signaling pathways. However, batch machine reading of literature at today’s scale (PubMed alone indexes over 1 million papers per year) is infeasible due to both cost and processing ov...
متن کامل