Business, Management and Accounting
8 years ago

New system revolutionizes managing financial decision knowledge for better outcomes!

Expert Systems with Applications
A frame knowledge system for managing financial decision knowledge
Weissor Shiue, Sheng-Tun Li, Kuan‐Ju Chen

Paper Summary

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The article presents a new system for managing financial decision knowledge, aiming to improve decision-making in companies. The researchers developed a frame knowledge system that organizes expert knowledge in a structured way to make it easier to use. They worked with a senior CPA to gather important but unstructured knowledge and used advanced computing tools to make the system accessible on the web. The system was tested on over 500 companies in Taiwan and was found to be effective in supporting expert decision-making.