Publication detail

Formalization of Business Rules in Decision Making Process

ZÁMEČNÍKOVÁ, E. KRESLÍKOVÁ, J.

Original Title

Formalization of Business Rules in Decision Making Process

Type

article in a collection out of WoS and Scopus

Language

English

Original Abstract

In this paper we would like to discuss the processing of high frequency data and the way how the decision making can affect prediction of these data. At the input we have a set of data from multiple sources and from these data we extract behavioral patterns. Patterns can be described using business rules in machine readable format - we choose XBRL for its wide use in description of financial instruments and platform independency. We focus on the formalization of extracted rules by the rules of matrix grammar. Rules of these formal grammars and sequences of rules (matrices) let us control the flow of high frequency data and adapt its trend by the definition of restriction as the flow of data might be correlated by multiple criteria.

Keywords

business rule; decision making; matrix grammar; regulated rewriting; high frequency data; prediction; XBRL

Authors

ZÁMEČNÍKOVÁ, E.; KRESLÍKOVÁ, J.

RIV year

2015

Released

26. 8. 2015

Publisher

Johannes Kepler University Linz

Location

Funchal, Madeira

ISBN

978-3-902457-44-8

Book

Work in Progress Session SEAA 2015 41st Euromicro Conference on Software Engineering and Advanced Application

Pages from

13

Pages to

14

Pages count

2

URL

https://www.fit.vut.cz/research/publication/10829/

BibTex

@inproceedings{BUT119805,
  author="Eva {Zámečníková} and Jitka {Kreslíková}",
  title="Formalization of Business Rules in Decision Making Process",
  booktitle="Work in Progress Session SEAA 2015 41st Euromicro Conference on Software Engineering and Advanced Application",
  year="2015",
  pages="13--14",
  publisher="Johannes Kepler University Linz",
  address="Funchal, Madeira",
  isbn="978-3-902457-44-8",
  url="https://www.fit.vut.cz/research/publication/10829/"
}