The value of a decision can be increased through analyzing the decision logic, and the outcomes. The more often a decision is taken, the more data becomes available about the results. More available data results into smarter decisions and increases the value the decision has for an organization. The research field addressing this problem is …
Putting Decision Mining Into Context: A Literature Study Lees verder »
Proper decision-making is one of the most important capabilities of an organization. Therefore, it is important to have a clear understanding and overview of the decisions an organization makes. A means to understanding and modeling decisions is the Decision Model and Notation (DMN) standard published by the Object Management Group in 2015. In this standard, …
Business decisions and business logic are an important part of an organization’s daily activities. In the not so near past they were modelled as integrative part of business processes, however, during the last years, they are managed as a separate entity. Still, decisions and underlying business logic often remain a black box. Therefore, the call …
Business Rule Management (BRM) is a means to make decision-making within organizations explicit and manageable. BRM functions within the context of an Enterprise Architecture (EA). The aim of EA is to enable the organization to achieve its strategic goals. Ideally, BRM and EA should be well aligned. This paper explores through study of case study …
Impact of Business Rule Management on Enterprise Architecture Lees verder »
The visual representation of Information System (IS) artefacts is an important aspect in the practical application of visual representations. However, important and known visual representation principles are often undervalued, which could lead to decreased effectiveness in using a visual representation. Decision Management (DM) is one field of study in which stakeholders must be able to …
Abstract Decisions and business rules are essential Components of an organization. Combined, these components form a basis for securing the implementation of new laws, regulations and internal policies into processes, work instructions and information systems. To ensure proper implementation, business rule types must be taken into account, as the functions per type may be different. …
The Business Rule Type Jungle: An Explorative Analysis Lees verder »
Authors: Martijn Zoet; Koen Smit.
Within recent years,Financial Credit Risk Assessment(FCRA) has become an increasingly important issuewithin the financial industry.Therefore,the search for features that can predict the credit risk of an organizationhasincreased. Using multiple statistical techniques,a variance of features hasbeen proposed. Applying a structured literature review,238 papers have been selected. From the selected papers,700 features have been identified. The features …
A New Explorative Model to Assess the Financial Credit Risk Assessment Lees verder »
This paper presents a cost/benefit analysis method for the normalization of business rules. To determine the economic benefit of business rules normalization three variables are addressed: 1) the number of anomalies a rule set endures, 2) the storage space a rule set requires and the 3) deterioration of rules in response time. The approach is …