Expert Systems to Provide Financial Planning Benefits

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dc.contributor.authorNielson, Normaeng
dc.contributor.authorPhillips, M.E.eng
dc.contributor.authorBrown, C.E.eng
dc.date.accessioned2010-12-14T21:06:19Z
dc.date.available2010-12-14T21:06:19Z
dc.date.issued1991
dc.descriptionPermission granted from publisher Dec. 1, 2010. “This article is from the First quarter 1991 issue of Benefits Quarterly, published by the International Society of Certified Employee Benefit Specialists.”eng
dc.description.abstractExpert systems can substantially reduce the cost of comprehensive personal financial plans while providing more consistent quality. Four basic approaches are used by developers of expert systems for comprehensive personal financial planning: 1. a custom expert system, 2. a custom modification of an existing expert system, 3. developer-provided personal financial plans, and 4. the purchase or license of an expert system for in-house use. The best approach depends on the number of plans to be prepared, the expertise and staff in both expert systems and personal financial planning, and the choice of either an in-house or outside entity to provide the service. Criteria that should be considered when selecting a personal financial planning expert system preparer for employees include: 1. the reliability of the system, 2. the suitability of the system, 3. the form of data input, 4. the support needed to prepare input, 5. the flexibility of the system, and 6. the understandability of the output. Six financial planning expert systems are discussed.eng
dc.description.refereedYeseng
dc.identifier.citationNielson, N. L., M.E. Phillips, and C.E. Brown. "Expert Systems to Provide Financial Planning Benefits." Benefits Quarterly, First quarter 1991. pp. 41-51.eng
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/33998
dc.identifier.issn8756-1263
dc.identifier.urihttp://hdl.handle.net/1880/48308
dc.language.isoengeng
dc.publisherInternational Society of Certified Employee Benefit Specialistseng
dc.publisher.corporateUniversity of Calgaryeng
dc.publisher.facultyHaskayne School of Businesseng
dc.publisher.urlhttp://www.iscebs.org/Resources/BQ/Pages/BenefitsQuarterly.aspxeng
dc.subjectTrendseng
dc.subjectExpert systemseng
dc.subjectFinancial planningeng
dc.subjectStudieseng
dc.subject.otherEmployee benefitseng
dc.subject.otherCharacteristicseng
dc.titleExpert Systems to Provide Financial Planning Benefitseng
dc.typejournal article
thesis.degree.disciplineRisk Management & Insuranceeng
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