Abstract
This paper consists of two parts. In the first part a conceptual framework of knowledge-based DSS for financial decision making is discussed. Characteristics of the DSS technology and the expert system technology are described. Subsequently, as financial decision making to a large extent is diagnostic decision making, a diagnostic reasoning process is described in terms of conceptual structure, tasks, reasoning strategy and classification. Finally, a conceptual framework of a knowledge- based DSS supporting financial diagnostic tasks is described focusing on functional capabilities and systems architecture.
The second part describes an experimental expert system, BANKER, for bank loan evaluations. A systems overview is given and some aspects of the design tool EMYCIN, in which BANKER is implemented, is discussed. BANKER is currently being reprogrammed in PROLOG to be able to experiment with alternative search strategies.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Basden, A. (1983). “On the Application of Expert Systems,” Int. J. Man-Machine Studies, 19.
Bennett, J.S. (1985). “ROGET: A Knowledge-Based System for Acquiring the Conceptual Structure of a Diagnostic Expert System,” J. Automated Reasoning
Bouwman, M.J. (1983). “Human Diagnostic Reasoning by Computer: An Illustration from Financial Analysis,” Management Science, 29, 6, June.
Cendrowska, J. and Bramer, M.A. (1984). “A Rational Reconstruction of the MYCIN Consultation System,” Int. J. Man-Machine Studies, 20.
Cohen, K.J., Gilmore, T.G. and Singer, F.A. (1966). “Bank Procedures for Analyzing Business Loan Applications,” in Analytical Methods in Banking, Hammer (ed.).
Davis, R. (1983). “Reasoning from First Principles in Electronic Troubleshooting,” Int. J. Man-Machine Studies, 19.
Elstein, A.S., Shulman, L.A. and Sprafka, S.A. (1978). Medical Problem Solving: An Analysis of Clinical Reasoning, Harvard University Press, Cambridge, Mass.
Feinstein, A.R. (1974). “An Analysis of Diagnostic Reasoning: The Construction of Clinical Algorithms,” Yale J. Biology and Medicine, 1.
Feinstein, A.R. (1977). “Clinical Biostatistics XXXIX,” Clinical Pharmacology and Therapeutics, 21, 4, April.
Hayes-Roth, F., Waterman, D.A. and Lenat, D.B. (eds.) (1983). Building Expert Systems, Addison-Wesley.
Hasling, D.W., Clancey, W.J. and Rennels, G. (1984). “Strategic Explanations for a Diagnostic Consultation System,” Int. J. Man-Machine Studies, 20.
Konstans, C. (1982). “Financial Analysis for Small Businesses,” Business, 34, April-June.
Kosy, D.W. and Dhar, V. (1983). “Knowledge-Based Support Systems for Long Range Planning,” CMU-RI-TR-83-21, Carnegie-Mellon University.
Methlie, L.B. (1984). “Knowledge Based DSS for Financial Diagnostics,” Working Paper A-84. 005, Norwegian School of Economic and Business Administration, Bergen.
Newell, A. and Simon, H.A. (1972). Human Problem Solving, Prentice-Hall, Englewood Cliffs, N.J.
Pople, H.E., Jr. (1982). “The Structuring of Medical Diagnosis,” in Artificial Intelligence in Medicine, P. Szolovits (ed.), Westview Press, Boulder.
Ribe, H. (1985). “BANKER - An Experimental Model of an Expert System for Credit Evaluation Implemented in EMYCIN” (in Norwegian), Working Paper No. 5/1985, SAF, Norwegian School of Economic and Business Administration, Bergen.
Schank, R.C. (1984). The Cognitive Computer, Addison-Wesley.
Simon, H.A. (1973). “The Structure of Ill-Structured Problems,” Artificial Intelligence
Simon, H.A. (1977). The New Science of Management Decision (revised edition), Prentice-Hall, Englewood Cliffs, N.J.
Sprague, R.H., Jr. (1980). “A Framework for the Development of Decision Support Systems,” MIS Quarterly, December.
van Melle, Scott and Pairs, Bennett (1981). “The EMYCIN Manual,” Computer Science Dept., Stanford University.
Weiss, S.M. and Kulikowski, C.A. (1984). Designing Expert Systems, Rowman & Allanheld, N.J.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1987 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Methlie, L.B. (1987). On Knowledge-Based Decision Support Systems for Financial Diagnostics. In: Holsapple, C.W., Whinston, A.B. (eds) Decision Support Systems: Theory and Application. NATO ASI Series, vol 31. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-83088-4_12
Download citation
DOI: https://doi.org/10.1007/978-3-642-83088-4_12
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-83090-7
Online ISBN: 978-3-642-83088-4
eBook Packages: Springer Book Archive