Designing Expert Financial Systems: A Case Study of Corporate Credit Management

Srinivasan, Venkat; Kim, Yong H.
September 1988
FM: The Journal of the Financial Management Association;Autumn88, Vol. 17 Issue 3, p32
Academic Journal
Case Study
This article has attempted to describe an expert credit granting prototype designed for a Fortune 500 corporation. The focus has been on the conceptual process undertaken for designing the prototype. The model base and rules that comprise the prototype are a combination of normative prescriptions and managerial preferences presented in a user-friendly environment. Issues that need conscious recognition in implementing such expert systems in corporate finance were also brought forth. Tremendous progress in computer and information technologies during the last two decades has induced a qualitative change in the potential use of computers in decision making. The adaptation of such technological advances to support decision making has manifested itself in two classes of systems: decision support systems (DSS) and expert systems (ES). DSS originated with the idea that technological advances can be channeled to support and improve the effectiveness of managerial decision making. The emphasis in a traditional DSS is, therefore, on supporting managers and not replacing them. On the other hand, ES are an outgrowth of attempts to apply artificial intelligence technology and create intelligent systems that are used not only to perform storage, retrieval, and computational tasks, but analytical and inferential tasks as well. This is a modest attempt to provide a conceptual foundation to this notion and illustrate its feasibility.


Related Articles

  • The Future of Accounting and Financial Reporting, Part IV: "Access" Accounting. Wallman, Steven M. H. // Accounting Horizons;Jun97, Vol. 11 Issue 2, p103 

    In this last in a series of four planned commentaries, the author examines the potential impact of changes in information technology on the future of accounting and financial reporting. The author divides accounting into two primary functions: ‘compiling’ and attestation. He posits...

  • The Commercial Application of Expert Systems. Yamasaki, Lorraine; Manoochehri, G. H. // SAM Advanced Management Journal (07497075);Winter91, Vol. 56 Issue 1, p42 

    Focuses on the commercial application of artificial intelligence and expert systems. Information on artificial intelligence (AI); Branches of AI; Characteristics of expert systems; Comparison between expert systems and other computer-based systems; Components of an expert system; Benefits of an...

  • Intelligent Systems. Rudas, Imre J.; Fodor, János // International Journal of Computers, Communications & Control;2008 Supplement, Vol. 3 Issue 3, p132 

    In this paper we give an overview of intelligent systems. We discuss the notion itself, together with diverse features and constituents of it. We concentrate especially on computational intelligence and soft computing.

  • MIT Studies Impact of Information Technology.  // Information Today;Oct1985, Vol. 2 Issue 9, p2 

    This article reports on the multi-disciplinary research program launched by the Massachusetts Institute of Technology's Sloan School of Management and 10 corporate and institutional sponsors to examine the current and potential impact of information technology on organizations and management...

  • A Formal Approach for Designing Distributed Expert Problem-solving Systems. De, Prabuddha; Jacob, Varghese S.; Pakath, Ramakrishnan // Information Systems Research;Jun93, Vol. 4 Issue 2, p141 

    In this paper, we consider the problem of generating effective information- gathering, communication, and decision-making (lCD) strategies for a distributed expert problem-solving (DEPS) system. We focus on the special case of a dual-processor DEPS system and present a decision-theoretic model...

  • The performance of a knowledge-based system for converting occupational classifications. Popping, Roel // Quality & Quantity;Aug95, Vol. 29 Issue 3, p273 

    In (mobility) research a lot of attention is giver, to models that are used. There is hardly attention for the way data are assigned to the categories as used an the comparisons. Assigning by human coders might cause a lot of errors. This is shown by the results of an experiment. As a first step...

  • Proyectos de sistemas expertos en el Banco de Francia.  // Monetaria;jul-sep1988, Vol. 11 Issue 3, p375 

    No abstract available.

  • Lying on the Web: Implications for Expert Systems Redesign. Zhengrui Jiang; Mookerjee, Vijay S.; Sarkar, Sumit // Information Systems Research;Jun2005, Vol. 16 Issue 2, p131 

    We consider a new variety of sequential information gathering problems that are applicable for Web-based applications in which data provided as input may be distorted by the system user, such as an applicant for a credit card. We propose two methods to compensate for input distortion. The first...

  • Expert systems. Edelson, Edward // Popular Science;Sep82, Vol. 221 Issue 3, p48 

    The article focuses on the efficiency of the expert systems in analyzing complex programming. It states that an expert system is a new breed of computer program that will take some of the thinking tasks done by human experts. It can also juggle various possibilities, deciding which best fir the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics