A functional approach to integrating database and expert systems
Communications of the ACM
Seven methods for transforming corporate data into business intelligence
Seven methods for transforming corporate data into business intelligence
Review: Expert systems and evolutionary computing for financial investing: A review
Expert Systems with Applications: An International Journal
A frame knowledge system for managing financial decision knowledge
Expert Systems with Applications: An International Journal
Designing a knowledge-based system for strategic planning: A balanced scorecard perspective
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
A narrative-based reasoning with applications in decision support for social service organizations
Expert Systems with Applications: An International Journal
An unstructured information management system (UIMS) for emergency management
Expert Systems with Applications: An International Journal
A Study of Organizational Narrative Simulation for Decision Support
International Journal of Knowledge and Systems Science
Hi-index | 12.06 |
We discuss the challenges in developing decision support tools for commercial underwriting and discuss how several different approaches to the underwriting problem have been addressed. We then describe an expert system-based approach to credit underwriting that has been in commercial usage for over ten years in a variety of financial institutions. The expert system approach addresses many features of the underwriting process that alternative approaches do not. The system is characterized by a functional representation of knowledge and a graph-based inference mechanism. The inference mechanism is unique in its pragmatic approach to the implementation of probability theory. This approach offers flexibility for modeling various aspects of real world credit decisions not always treated by traditional approaches. We give examples of how this approach can be and is currently being applied to facilitating underwriting decisions in commercial lending contexts.