Designing decision support systems for value-based management: A survey and an architecture

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• 作者：G.J. Hahn ^{gerd.hahn@kuei.de}  ; [Author Vitae] ; H. Kuhn ; ^{heinrich.kuhn@kuei.de}  ; [Author Vitae]
• 关键词：Value-based management ; Integrated business planning ; Supply chain management ; Financial management ; Robust optimization
• 刊名：Decision Support Systems
• 出版年：2012
• 期刊代码：5_01679236
• 类别：dec
• 出版时间：June, 2012
• 卷：53
• 期：3
• 页码：591-598
• 文件大小：532 K

摘要

Value-based Management (VBM) concepts are prevalent in theory and practice since shareholder value creation is commonly considered the paramount business goal. However, VBM mainly applies data-driven concepts to support decision-making, disregarding model-driven approaches. This paper develops a comprehensive approach to designing model-driven DSS for VBM. First, we derive a conceptual architecture for Integrated Business Planning (IBP) as the foundation for a model-driven approach to VBM. Second, we present a unified modeling approach for value-based performance and risk optimization that implements Value Added (xVA) performance metrics and applies robust optimization methods to mitigate risk impact.