Title :
Winning management support: cost justifying AI projects on Wall Street
Author :
Garavaglia, Susan
Author_Institution :
Chase Manhattan Bank, New York, NY, USA
Abstract :
Risk and uncertainty are present during all phases of an artificial intelligence project. Therefore, it is necessary to combine methods for dealing with uncertainty with conventional cost-benefit analyses and cost reduction techniques. The author elaborates on the risk factors of each phase and explores some ways of maximizing return on investment under uncertainty
Keywords :
artificial intelligence; costing; financial data processing; project management; AI projects; Wall Street; artificial intelligence project; conventional cost-benefit analyses; cost justifying; cost reduction techniques; investment; return; risk factors; uncertainty; Artificial intelligence; Cost benefit analysis; Decision making; Investments; Microeconomics; Probability; Project management; Proposals; Risk management; Uncertainty;
Conference_Titel :
Artificial Intelligence Applications on Wall Street, 1991. Proceedings., First International Conference on
Conference_Location :
New York, NY
Print_ISBN :
0-8186-2240-7
DOI :
10.1109/AIAWS.1991.236572
