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An object‐oriented optimal savings system: HYPER‐SAVINGS

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  • Jae Kyu Lee
  • Sang Zo Nam

Abstract

This research develops an intelligent dynamic savings investment system called HYPER‐SAVINGS which can construct the best savings portfolio embracing all types of products from multiple banks. Since the major model in HYPER‐SAVINGS is the 0–1 integer programming (IP) model, we need to interpret information about investors, products, institutions and the current financial situation for the formulation of the IP model. This has become possible by adopting the knowledge‐based integer programming modeling aid, UNIK‐IP, which allows the formulation of an IP model at a semantic level using logical operators such as EITHER–OR and IF–THEN, and automatically transforms them to a so‐called base level model which can be solved by the IP solver. HYPER‐SAVINGS also provides the capability of sensitivity analysis at a semantic level to adjust to dynamic situational changes. Since the system is expected to collect the information from various banks through the Internet and filters out dominated products before formulation, HYPER‐SAVINGS can provide the architecture for the international meta‐bank on the Internet. © 1997 John Wiley & Sons, Ltd.

Suggested Citation

  • Jae Kyu Lee & Sang Zo Nam, 1997. "An object‐oriented optimal savings system: HYPER‐SAVINGS," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 6(4), pages 303-320, December.
  • Handle: RePEc:wly:isacfm:v:6:y:1997:i:4:p:303-320
    DOI: 10.1002/(SICI)1099-1174(199712)6:43.0.CO;2-X
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    Cited by:

    1. Chulsoo Kim & Chaehwan Won, 2004. "A knowledge‐based framework for incorporating investor's preference into portfolio decision‐making," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 12(2), pages 121-138, April.

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