A Hybrid Intelligent System in Managing Foreign Exchange Rate Risk
1995 (English)In: IFAC/IFIP/IFORS/SEDC Symposium on Modelling and Control of National and Regional Economies 1995, 1995, Vol. 28:7, p. 467-472Conference paper, Published paper (Refereed)
Abstract [en]
Firms engaging in international trade are subject to risk from fluctuation of currency exchange rates. Although such risk can be actively managed with suitable hedging strategies, the problem is a complex one, and small firms rarely have access to required expertise. This paper proposes a hybrid intelligent system, called HYNES, which integrates neural network and expert system technologies, to support exchange rate risk management in small firms. The three phases of the development of HYNES, the analysis, design and implementation, are briefly discussed, giving some attention to the open problems of general intelligent systems development.
Place, publisher, year, edition, pages
1995. Vol. 28:7, p. 467-472
Keywords [en]
Expert systems, Financial systems, Management, Neural networks, Risk
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:mdh:diva-3002DOI: 10.1016/S1474-6670(17)47149-7OAI: oai:DiVA.org:mdh-3002DiVA, id: diva2:115666
Conference
IFAC/IFIP/IFORS/SEDC Symposium on Modelling and Control of National and Regional Economies 1995, Gold Coast, Queensland, Australia, 2-5 July, 1995
2008-03-082008-03-082025-10-10Bibliographically approved