IS

Bai, Xue

Topic Weight Topic Terms
0.436 risk risks management associated managing financial appropriate losses expected future literature reduce loss approach alternative
0.287 process business reengineering processes bpr redesign paper research suggests provide past improvements manage enable organizations
0.134 data used develop multiple approaches collection based research classes aspect single literature profiles means crowd
0.130 methods information systems approach using method requirements used use developed effective develop determining research determine
0.102 decision support systems making design models group makers integrated article delivery representation portfolio include selection
0.102 control controls formal systems mechanisms modes clan informal used internal literature outsourced outcome theory configuration

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Kalagnanam, Jayant R. 1 Krishnan, Ramayya 1 Nunez, Manuel 1 Padman, Rema 1
Wang, Harry Jiannan 1
control 2 accounting information systems 1 audit 1 business process management 1
constrained Markov decision processes 1 conditional value at risk 1 data quality 1 expected loss 1
information flow 1 risk 1

Articles (2)

On Risk Management with Information Flows in Business Processes. (Information Systems Research, 2013)
Authors: Abstract:
    This article investigates the economic consequences of data errors in the information flows associated with business processes. We develop a process modeling-based methodology for managing the risks associated with such data errors. Our method focuses on the topological structure of a process and takes into account its effect on error propagation and risk mitigation using both expected loss and conditional value-at-risk risk measures. Using this method, optimal strategies can be designed for control resource allocation to manage risk in a business process. Our work contributes to the literature on both ex ante risk management-based business process design and ex post risk assessments of existing business processes and control models. This research applies not only to the literature on and practice of process design and risk management but also to business decision support systems in general. An order-fulfillment process of an online pharmacy is used to illustrate the methodology.
Managing Data Quality Risk in Accounting Information Systems. (Information Systems Research, 2012)
Authors: Abstract:
    The quality of data contained in accounting information systems has a significant impact on both internal business decision making and external regulatory compliance. Although a considerable body of literature exists on the issue of data quality, there has been little research done at the task level of a business process to develop effective control strategies to mitigate data quality risks. In this paper, we present a methodology for managing the risks associated with the quality of data in accounting information systems. This methodology first models the error evolution process in transactional data flow as a dynamical process; it then finds optimal control policies at the task level to mitigate the data quality-related risks using a Markov decision process model with risk constraints. The proposed Markov decision methodology facilitates the modeling of multiple dimensions of error dependence, captures the correlated impact among control procedures, and identifies an optimal control policy. A revenue realization process of an international production company is used to illustrate this methodology.