Directive Decision Devices: Extending the reach of automation into the finance domain

Authors:
Jon Blue;Francis Kofi Andoh-Baidoo
Affiliations:
University of Delaware, College of Business and Economics, Department of Accounting and Management Information Systems, 42 Amstel Avenue, 222 Purnell Hall, Newark, DE 19716-2715, USA;The University of Texas-Pan American, College of Business Administration, Department of Computer Information Systems and Quantitative Methods, 1201 W. University Drive, Edinburg, TX 78539-2999, US ...
Venue:
Expert Systems with Applications: An International Journal
Year:
2010

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Abstract

Expert systems, decision support systems, and knowledge management systems are computer constructs that are designed to service human decision makers. There are however certain sorts of decision situations where, for some reason, responsibility might better be invested in a computer program, rather than a person. This paper points out several such situations that can be found in the contemporary financial management sector, and suggests how Directive Decision Devices might be equipped to deal with them on a stand-alone basis.