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Big Island, HI, USA
Jan. 6, 2003 to Jan. 9, 2003
ISBN: 0-7695-1874-5
pp: 195a
Dennis Kundisch , University of Augsburg
Jochen Dzienziol , University of Augsburg
ABSTRACT
At the beginning of the new millennium, the financial services market is experiencing a fundamental shift. More transparent and global markets through new means of communication on the one hand and better informed and more demanding customers on the other hand have led to a dramatically intensified competition. One way to circumvent cost-leadership competition is to offer individualized financial planning consulting services. In this contribution, a model to formalize financial problems and solutions under risk as an essential requirement for an IT-based financial planning process is presented, that - once implemented - may help to increase the quality of the consultation and decision support on the one hand and lower costs due to process improvements on the other hand.
INDEX TERMS
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CITATION
Dennis Kundisch, Jochen Dzienziol, "Formalization of Financial Problems and Solutions under Risk as an Essential Requirement for IT-based Financial Planning", HICSS, 2003, 36th Hawaii International Conference on Systems Sciences, 36th Hawaii International Conference on Systems Sciences 2003, pp. 195a, doi:10.1109/HICSS.2003.1174446
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