DocumentCode
1837972
Title
Business Rules Elicitation Combining Markov Decision Process with DEMO Business Transaction Space
Author
Guerreiro, Sergio
Author_Institution
Escola de Comun., Artes, Arquitetura e Tecnol. da Informacao, Univ. Lusofona de Humanidades e Tecnol., Lisbon, Portugal
fYear
2013
fDate
15-18 July 2013
Firstpage
13
Lastpage
20
Abstract
The resource shortage that organizations are actually facing requires innovative solutions to optimize their business transactions and to aid their decision-making processes. Business transaction models prescribe the design freedom restrictions for producing a new service or product, and are useful to share a common understanding between the stakeholders. The contemporary advances such as the DEMO theory and methodology present strong foundations to describe the business transaction model dynamics. Still, the models itself, do not guarantee that the business actors perform them accordingly during operation. The business rules are a coherent and consistent set of actionable directives intended to steer the enterprise operation. In this scope, we explain and simulate a decision-making process, using Markov decision processes, to elicit the business rules that optimize the value function of the business transactions operation. A preliminary experiment of producing and selling goods is used to illustrate the approach.
Keywords
Markov processes; business data processing; decision making; decision theory; design engineering; innovation management; organisational aspects; DEMO business transaction space; Markov decision processes; business rules elicitation; business transaction model dynamics; business transaction models; business transaction optimization; decision-making processes; design freedom restrictions; enterprise operation; innovative solutions; organizations; value function; Aerospace electronics; Markov processes; Organizations; Process control; Production; Trajectory; Business transaction (BT); Markov decision process (MDP); Operation; Organization; Steer;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Informatics (CBI), 2013 IEEE 15th Conference on
Conference_Location
Vienna
Type
conf
DOI
10.1109/CBI.2013.11
Filename
6642852
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