Decision Support for Financial Planning

Financial consulting is a demanding task. Due to the complexity and fuzziness of customers’financial problems on the one hand and the amount of possible products that may be consideredto configure solutions to these problems on the other hand, an adequate DSS is essential. Amodel is presented that allows for the inclusion of uncertainty and risk into the formulation offinancial problems by the customer as well as in the solution process, i.e. intelligently bundlingfinancial products to form a superior solution for a specific customer problem. As an innovationwe introduce the transformation of probability constraints into scenario specific minimumpayment constraints, which seems applicable far beyond the domain of financial planning...

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Year of publication:	2005-12-01
Authors:	Dzienziol, Jochen ; Kundisch, Dennis
Institutions:	Universität <Augsburg> / Lehrstuhl für BWL, Wirtschaftsinformatik,Informations- & Finanzmanagement
Subject:	Szenario \| Unsicherheit \| Entscheidungsunterstützungssystem \| decision support system \| Finanzplanung \| Finanzberatung \| Financial consulting

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Extent:	315392 bytes 37 p. application/pdf
Series:	Universität Augsburg - Research Center Finance & Information Management - Publications Diskussionspapier ; WI-166 (2005) in: Journal of Decision Systems, 17, 2, 2008, p. 175-209
Type of publication:	Book / Working Paper
Language:	English
Classification:	Financial theory ; Individual Working Papers, Preprints ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)