A review on the applications of neuro-fuzzy systems in business

This paper presents a review of the application of neuro-fuzzy systems (NFS) in business on the basis of the research articles issued in various reputed international journals and conferences during 2005-2015. The use of NFS for tackling various real world problems in different business domains has diversified significantly during this period. In effect NFS has emerged as a dominant technique for addressing various difficult research problems in business. Based on a detailed review of these research papers we have identified finance, marketing, distribution, business planning, information systems, production and operations as the main business application domains of NFS during this period. This paper also discusses the impact of NFS in various business domains and the trend of this application based research during this period. This paper also surveys the various innovations in NFS methodologies employed by the researchers to deal with different business problems in each of these years. Moreover the paper includes some articles published during 2016 in several international journals to present the latest progress in the application of NFS in various business domains.