Probabilistic Financial Decision Support Framework

DOI

10.2991/jcis.2006.244How to use a DOI?

Keywords

Influence diagram, decision support, information retrieval

Abstract

The challenge of the business decision support domain is that a large amount of diverse information can be potentially relevant to a decision, and that, frequently, the decisions have to be made in a timely manner. This presents the potential for better decision support, but poses the challenge of building a decision support system for timely decision support. These problems motivate us to investigate ways in which the decision maker can be equipped with a flexible real time decision support system to be practical in time-critical situations. For this purpose, we propose a system that uses the Object Oriented Bayesian Knowledge Base (OOBKB) design to create a decision model at the most suitable level of detail to produce an decision recommendation within a reasonable length of time. The decision models our system uses are implemented as influence diagrams. We validate our system with experiments in a simplified investment domain. The experiments show that our system produces a quality recommendation under different situations.

Copyright

© 2006, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chiu-Che Tseng
PY  - 2006/10
DA  - 2006/10
TI  - Probabilistic Financial Decision Support Framework
BT  - Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)
PB  - Atlantis Press
SP  - 303
EP  - 306
SN  - 1951-6851
UR  - https://doi.org/10.2991/jcis.2006.244
DO  - 10.2991/jcis.2006.244
ID  - Tseng2006/10
ER  -