Business Case Mining and E-R Modeling Optimization

Business case mining and business rule discovery are at the center for entity relationship (E-R) modeling and database design to obtain E-R models. How to transform business cases through business rules into E-R models is a fundamental issue for database design. This article addresses this issue by exploring business case mining and E-R modeling optimization. Business case mining is business rule discovery from a business case. This article reviews case-based reasoning, explores business case-based reasoning, and presents a unified approach to business case mining for business rule discovery. The approach includes people-centered entity/business rule discovery and function-centered entity/business rule discovery. E-R modeling optimization aims to improve the E-R modeling process to get a better E-R diagram that reflects the business case properly. This article proposes a unified optimal method for E-R modeling. The unified optimal method includes people-centered E-R modeling, function-centered E-R modeling, and hierarchical E-R modeling. The approach proposed in this research will facilitate the research and development of E-R modeling, database design, data science, and big data analytics

Acceptance sent through email; is the postal rule applicable?

Purpose - This paper focuses on the application of the postal rule to email, due to the controversy surrounding the application of the “instantaneous” test to emails. Methodology/approach/design - This article analyses standards and literature on the formation of contract under English law. Findings - Although the postal rule is an invention of its time, this rule could still play a role regarding emails. Indeed, due to the difficulties in applying the “instantaneous” test to emails, emails would still be subject to the postal rule. Of course, the postal rule in its current form is no more fitting the reality. However, the benefits that such rule provides should not be lost, instead a new rule could be drafted based on the postal rule. Practical implications - This article discusses the possible improvements to the already existing framework. Originality/value - This paper analyses the use of the postal rule to electronic contracts in the UK, a topic that is not much researched but could have great importance when doing electronic business

A Dynamic Knowledge Approach for Dynamic Business Rules Modeling

Business Rules are formal statements about the data and processes of an enterprise. In an enterprise, business rules are used to represent certain aspects of a business domain (static rules) or business policy (dynamic rules). Hence, regarding problem domains in the organization, business rules are classified into two groups: static and dynamic business rules. The paper introduces a new concept of business rules, Extended Dynamic Business Rule which contains the results of the occurrence of business rule\u27s action. In this paper, we focus on such business rules and use Mineau’s approach for modeling them. Mineau’s approach is an extension of Conceptual Graph theory by John Sowa

ALIGNMENT OF BUSINESS PROCESS MANAGEMENT AND BUSINESS RULES

Business process management and business rules management both focus on controlling business activities in organizations. Although both management principles have the same focus, they approach manageability and controllability from different perspectives. As more organizations deploy business process management and business rules management, this paper argues that these often separated efforts should be integrated. The goal of this work is to present a step towards this integration. We propose a business rule categorization that is aligned to the business process management lifecycle. In a case study and through a survey the proposed rule categories are validated in terms of mutual exclusivity and completeness. The results indicate the completeness of our main categorization and the categories’ mutual exclusivity. Future research should indicate further refinement by identifying rule subcategories

The Business Judgment Rule as an Immunity Doctrine

The business judgment rule is a judicially created doctrine that protects directors from personal civil liability for the decisions they make on behalf of a corporation. In today’s era of corporate scandals, global financial meltdowns, and directorial malfeasance, it has become especially important in setting the bar for when directors are appropriately responsible to shareholders for their actions. Traditionally the business judgment rule has been regarded as a standard of liability, although it has never really been explored or enunciated as such. This view determines eligibility for business judgment rule protection of a directorial decision after an examination of certain preconditions. An alternate view has developed that posits the business judgment rule is actually an abstention doctrine, and should be applied automatically absent the establishment of the same preconditions as the liability standard approach, only to be used as nullifying factors, to shield directors from having to account. The difference between the two positions essentially comes down to the order of the requirements, and who has the burden of establishing the existence of the factors that would grant or deny business judgment rule protection. This Article disagrees with both of the above approaches, and instead explores the business judgment rule as a type of immunity by comparing it to selected public and private immunities. The policy underpinnings of the business judgment rule mirror those of immunities, as does the practical impact. This means that the business judgment rule, properly construed, would require the director to establish entitlement to protection by proving that all preconditions for application of the rule are met. Much of the confusion between the courts and circuits could be alleviated by approaching the business judgment rule as a type of immunity, where the procedures and philosophies are much more enunciated. This helps place the business judgment rule back as a crucial part in the balancing act between directorial autonomy and accountability, which is especially timely given the current economic climate

Pendekatan Per Se Illegal dan Rule Of Reason dalam Hukum Persaingan Usaha di Indonesia

In the competition law recognized the existence of several approaches in the application of the law, two of which approach is the approach per se illegal and rule of reason approach. Approach per se illegal and rule of reason applied to assess whether a particular course of business actors violating Competition Act. Restrictions are per se is the prohibition is absolute, clear and obvious to a particular act or agreement to provide certainty to businesses. An act or agreement that prohibited per se means certain that such actions would impair or eliminate competition. Instead the approach is a rule of reason, an act which is done by the business will be seen the extent of the negative impact on competition climate. The second method has a different approach is also used in competition law in Indonesia

Introducing a Mashup-Based Approach for Design-Time Compliance Checking in Business Processes

Business process compliance tries to ensure the business processes used in an organization are designed and executed according to the rules that govern the company. However, the nature of rules (expressed in natural language) and the large amount of elements that can be involved in them make their materialization and automated checking quite difficult. That is why the existing support for compliance checking is generally restricted to specific kinds of rules (e.g. rules affecting the control flow of the process). in this paper, we introduce compliance mashups, and show how a mashup-based approach can help solve the problem of rule specification and checking at design time. Some advantages of such an approach are that: (i) any kind of rule can be specified, which implies that each user can specify a rule according to his/her interpretation of the rule; (ii) building the compliance mashup is transparent to the formalism(s) used to implement it, so different techniques can be used together; and (iv) mashup components or parts of them can be re-used. As an example we use this approach to build mashups to specify and check rules related to human resource management in business processes at design time

INTELLIGENT RISK MANAGEMENT - A NEW PRINCIPLE IN RISK MANAGEMENT BASED ON USING BI IN RM

The need for a system able to store information about the risks faced by the organization along its entire existence, the history of decisions on past risk management activities (along with an analysis of the implications of those decisions – “lessons learned”) and able to record and analyze business information from external environment and provide various patterns on the evolution of market phenomena is undeniable. Business intelligence does so. The practice of implementing a business intelligence system since the earliest days of a company’ life that would assimilate information and after that to deliver these to be used in the process of reducing the risks to which the organization is exposed may be considered a new rule of good business practice. Therefore, let us consider this practice a new principle in risk management, named the intelligent risk management.risk, BI, intelligence, approach, principle