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IT-Enabled Risk/Return Management : Service-Oriented Infrastructures vs. Dedicated Systems

Title data

Buhl, Hans Ulrich ; Fridgen, Gilbert:
IT-Enabled Risk/Return Management : Service-Oriented Infrastructures vs. Dedicated Systems.
2011
Event: 19th European Conference on Information Systems (ECIS) , 9.-11.06.2011 , Helsinki, Finland.
(Conference item: Conference , Paper )

Official URL: Volltext

Abstract in another language

Risk/return management has not only evolved as one of the key success factors for enterprises especially in the financial services industry, but is in the times of the economic crisis initiated by the financial markets crucial for the survival of a company. It demands powerful and at the same time flexible computational resources making it an almost ideal application for service-oriented computing concepts. An essential characteristic of service-oriented infrastructures is that computational resources can be accessed on demand and paid per use. Taking the estimation of covariances for a portfolio of risky investment objects as an example, we propose quantification for the economic value of fast risk/return management calculations. Our model then compares the cost structures of service-oriented infrastructures and dedicated systems in this domain. On this basis, we can determine under which circumstances the one or the other architectural strategy is superior.

Further data

Item Type: Conference item (Paper)
Refereed: Yes
Keywords: Risk/Return Management; Service-Oriented Infrastructures; Grid Computing.
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management > Professorship Business Informations Systems and sustainable IT management- Univ.-Prof. Dr. Gilbert Fridgen
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: No
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 01 Apr 2015 11:12
Last Modified: 12 Mar 2019 15:20
URI: https://eref.uni-bayreuth.de/id/eprint/7859