Expert Systems for Evaluating Business Opportunities: Implementing the Management Advisor at Krypton Chemical

W. Reitman and S.J. Shim

Intelligent Systems in Accounting, Finance and Management, 1993, vol. 2, issue 3, 191-204

Abstract: This paper investigates issues arising in procuring and implementing a commercial high‐end expert system, Palladian's Management Advisor. This system is intended for improving corporate decisions about financial investments in new business opportunities, e.g. projects involving new plants, equipment, products, or marketing expenditures. We look at Krypton Chemical's experiences with the Management Advisor from both the customer's and the vendor's viewpoints. The discussion raises some difficult questions about what it takes to make high‐end financial expert systems successful. The paper then concludes with recommendations intended to improve design, marketing, procurement and implementation practices with respect to such systems.

Date: 1993
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/j.1099-1174.1993.tb00042.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:isacfm:v:2:y:1993:i:3:p:191-204

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1099-1174

Access Statistics for this article

More articles in Intelligent Systems in Accounting, Finance and Management from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().