A framework of web-based decision support systems for portfolio selection with OLAP and PVM

  • Authors:

  • Jichang Dong;Helen S. Du;Shouyang Wang;Kang Chen;Xiaotie Deng

  • Affiliations:

  • Institute of Systems Science, Academy of Mathematics and Systems Sciences, Chinese Academy of Sciences, Beijing 100080, China;Department of Computer Science, City University of Hong Kong, Hong Kong, China;Institute of Systems Science, Academy of Mathematics and Systems Sciences, Chinese Academy of Sciences, Beijing 100080, China;Department of Computer Science, Tsinghua University, Beijing, China;Department of Computer Science, City University of Hong Kong, Hong Kong, China

  • Venue:
  • Decision Support Systems
  • Year:
  • 2004

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Abstract

In this paper, we provide an integrated framework for portfolio selection, which is adaptable to the needs of financial organizations and individual investors, and as an organized approach of selecting efficient portfolios for investments. We focus our discussion on the implementation of this framework for a Web-based Decision Support System (DSS) based on our prototype named WPSS--A Web-based Portfolio Selection System for Chinese financial markets. In this system, we adopt technologies such as online analytical processing as an add-on tool for analytical purpose, as well as using Parallel Virtual Machine (PVM) to improve overall performance.