A locally-built, LLM-digested index of recent arXiv papers in quant finance, geometry/topology, and statistical ML — keyword search served straight from SQLite on this machine.
CONDA-PM framework helps analyze concept drift in business processes.
The paper adds explanation to predictive process monitoring.
Development of efficient business process models and determination of their characteristic properties are subject of intense interdisciplinary research. Here, we consider a business process model as a directed graph. Its nodes correspond to the units identified by the modeler and the link direction indicates the causal…
Predicting business process behaviour is an important aspect of business process management. Motivated by research in natural language processing, this paper describes an application of deep learning with recurrent neural networks to the problem of predicting the next event in a business process. This is both a novel m…
Study evaluates sustainability of European banks using a new model.
New approach optimizes sales process for B2B businesses.
Graph neural networks detect anomalies in object-centric business processes.
This paper studies business cycle patterns in UK sectoral output. It analyzes the distinction between white noise processes and their non-white noise counterparts in the frequency domain and further examines the associated features and patterns for the process where white noise conditions are violated. The characterist…
Paper proposes a new method for learning business process representations.
GRM uses graph neural networks to score process activity relevance.
Business Architecture (BA) plays a significant role in helping organizations understand enterprise structures and processes, and align them with strategic objectives. However, traditional BAs are represented in fixed structure with static model elements and fail to dynamically capture business insights based on interna…
New method improves prediction accuracy in business process mining by handling concept drift.
Predicting the completion time of business process instances would be a very helpful aid when managing processes under service level agreement constraints. The ability to know in advance the trend of running process instances would allow business managers to react in time, in order to prevent delays or undesirable situ…
The aim of process discovery, originating from the area of process mining, is to discover a process model based on business process execution data. A majority of process discovery techniques relies on an event log as an input. An event log is a static source of historical data capturing the execution of a business proc…
Generative AI agents improve ERP systems by automating complex financial tasks.
Study proposes a novel local explanation method for deep learning classifiers in process mining.
Bayesian model uses mobile data to assess business resilience after hurricanes.
Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business. Compliance officers responsible for maintaining adherence constantly struggle to keep up with the large amount of changes in regulatory requirements. Keeping up with the changes entail two …
Study improves document processing in banking with multimodal analytics.
The paper analyzes optimal dividend strategies for risky businesses, considering both periodic and extraordinary payments.
Process mining sheds new light on the relationship between process models and real-life processes. Process discovery can be used to learn process models from event logs. Conformance checking is concerned with quantifying the quality of a business process model in relation to event data that was logged during the execut…
We have created a framework for analyzing subscription based businesses in terms of a unified metric which we call SCV (single customer value). The major advance in this paper is to model customer churn as an exponential decay variable, which directly follows from experimental data relating to subscription based busine…
We present examples of agent-based and stochastic models of competition and business processes in economics and finance. We start from as simple as possible models, which have microscopic, agent-based, versions and macroscopic treatment in behavior. Microscopic and macroscopic versions of herding model proposed by Kirm…
The study detects deceptive language in business communication using AI.
Understanding cities is central to addressing major global challenges from climate and health to economic resilience. Although increasingly perceived as fundamental socio-economic units, the detailed fabric of urban economic activities is only now accessible to comprehensive analyses with the availability of large data…
Paper proposes GANs for generating business process suffixes and remaining times.
We study a model of a corporation which has the possibility to choose various production/business policies with different expected profits and risks. In the model there are restrictions on the dividend distribution rates as well as restrictions on the risk the company can undertake. The objective is to maximize the exp…
Paper proposes a GAN-based method for better next event prediction in business processes.
Predictive business process monitoring methods exploit logs of completed cases of a process in order to make predictions about running cases thereof. Existing methods in this space are tailor-made for specific prediction tasks. Moreover, their relative accuracy is highly sensitive to the dataset at hand, thus requiring…
The paper optimizes RV estimation by efficient sampling in time-changed diffusion models.
The paper uses machine learning to find causal rules from business process logs.
Automated process discovery is a class of process mining methods that allow analysts to extract business process models from event logs. Traditional process discovery methods extract process models from a snapshot of an event log stored in its entirety. In some scenarios, however, events keep coming with a high arrival…
Paper assesses risks of stablecoins, from lending to business-to-business.
The paper analyzes systemic risk in an insurance model with multiple business lines and heterogeneous claims.
The importance of supply chain management in analyzing and later catalyzing economic expectations while simultaneously prioritizing cleaner production aspects is a vital component of modern finance. Such predictions, though, are often known to be less than accurate due to the ubiquitous uncertainty plaguing most busine…
Firms should keep capital to offer sufficient protection against the risks they are facing. In the insurance context methods have been developed to determine the minimum capital level required, but less so in the context of firms with multiple business lines including allocation. The individual capital reserve of each …
The financial services industry has unique explainability and fairness challenges arising from compliance and ethical considerations in credit decisioning. These challenges complicate the use of model machine learning and artificial intelligence methods in business decision processes.
The paper is aware of the importance of certain figures that are essential to an understanding of Credit Scoring models in credit acceptance process optimization, namely if the power of discrimination measured by Gini value is increased by 5% then the profit of the process can be increased monthly by about 1 500 kPLN (…
Study optimal periodic dividend strategies for risky businesses with transaction costs.
Comparing business process variants using event logs is a common use case in process mining. Existing techniques for process variant analysis detect statistically-significant differences between variants at the level of individual entities (such as process activities) and their relationships (e.g. directly-follows rela…
Large corporate credit models may be adapted for small business risk assessment.
Study shows credit expansion in mortgage markets influenced U.S. business cycle.
Machine learning simplifies finance, but faces challenges.
Optimizes dividends with stability for risky businesses.
Modern predictive analytics underpinned by machine learning techniques has become a key enabler to the automation of data-driven decision making. In the context of business process management, predictive analytics has been applied to making predictions about the future state of an ongoing business process instance, for…
In this paper, based on theories of complex adaptive systems, I argue that the main case for antitrust policy should be extended to include the criteria of "evolvability." To date, the main case focuses on economizing, including market power as a key filter for identifying suspect cases. Both production and transaction…
Modeling business expansion as a stochastic control problem, the study finds that firms are incentivized to expand but may wait.
The biggest problem with the methods of machine learning used today in business analytics is that they do not generalize well and often fail when applied to new data. One of the possible approaches to this problem is to enrich these methods (which are almost exclusively based on statistical algorithms) with some intrin…