Formalization of Financial Problems and Solutions under Risk as an Essential Requirement for IT-based Financial Planning
36th Annual Hawaii International Conference on System Sciences, 2003. Proceedings of the (2003)
Big Island, Hawaii
Jan. 6, 2003 to Jan. 9, 2003
Dennis Kundisch , University of Augsburg
Jochen Dzienziol , University of Augsburg
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.
D. Kundisch and J. Dzienziol, "Formalization of Financial Problems and Solutions under Risk as an Essential Requirement for IT-based Financial Planning," 36th Annual Hawaii International Conference on System Sciences, 2003. Proceedings of the(HICSS), Big Island, Hawaii, 2003, pp. 195a.