A Theoretical Approach to the Optimal IT Investments : Application of the Genetic Algorithms

In the study of economy it is the world tendency that more and more attentions are being paid to the intangible assets. In these few years many movements of studying, measuring, reporting intangible assets have appeared. Also in the field of IT (Information Technology)-investment, it is well known that for the effective IT investment, considerable amount of fund should be invested in the improvement of human resources and in management systems of their own companies. And these management should be accomplished continuously; from the plan, throughout the execution of it, to the monitoring the results of investments. These process are called IT investment management (ITIM). IT investment management must include the intangible assets in its field of activity. There are many parameters considerable that will influence IT investment evaluation. These mechanisms are fairly complicated to describe systematically and be analyzed by means of usual mathematical tools such as dynamic programming. However, for the effective investment it is important to understand the mechanisms of how the revenue or added value can be made up throughout investments. This paper is an attempt to theoretically describe this mechanism and to find out the optimal results. For the last object using genetic algorithms (GA) is proposed