Burkhard Weiß

Constructing a Semantic Business Process Modelling Language for the Banking Sector – An Evolutionary Dyadic Design Science Approach

The need to extensively model business processes for multiple purposes (e.g., documentation, compliance management, analysis and optimisation etc.) is of major relevance to banks. Efficiently modelling and automatically analysing business process models not only in a syntactical but also in a semantic way becomes increasingly important in order to save costs during process model construction and achieve additional value from process modelling initiatives. In this article, we introduce a domain-specific semantic business process modelling language (BPML), which supports efficient modelling and semantic analysis needs of banks. We do this by adapting an existing domain-specific BPML from the public sector and applying an evolutionary design science research approach that covers several design science cycle iterations. We triangulate and evaluate the final design science artefact (a new semantic BPML for banks) with the help of a multi-method approach using interviews, round table discussions, document analysis, literature analysis and two in-depth case studies from a specialised bank and a universal bank in the financial sector.

Modeling and Analysis of Business Process Compliance

Managing business process compliance is a highly important topic in the financial sector. Various scandals and last but not least the financial crisis have caused many new constraints and legal regulations that banks and financial institutions need to face. Based on a domain-specific semantic business process modeling notation, we propose a new approach to modeling and analysis of business process compliance through the use of compliance building block patterns and business rules. These business process compliance patterns and rules serve as a necessary basis for the automatic identification of compliance issues in existing processes (process models) and hence for managing business process compliance in the financial sector.

Automatic identification of structural process weaknesses in flow chart diagrams

Purpose – Financial institutions have been engaged in numerous business process reengineering (BPR) projects to make their organizations more efficient. However, the success of BPR projects in banks varies significantly and it remains a challenge to systematically discover weaknesses in business process landscapes. Based on the flow chart notation language this paper seeks to argue for the definition of weakness patterns in order to automatically identify potential process weaknesses.Design/methodology/approach – The authors developed weakness patterns in the flow chart notation language based on design science principles. To systematically derive process weaknesses that can be formalized, they analyzed each element of the flow chart notation as it was used in a real‐life case. They furthermore tested the identified patterns in reality in order to evaluate their validity.Findings – The authors identified various potential weakness patterns that helped in automatically identifying weaknesses in process mod...

Prozessorientierte Wirtschaftlichkeitsanalyse von RFID-Systemen anhand eines Referenz-Wirkungsmodells

Laut einer Untersuchung der Venture Development Corporation, die die geschatzte Entwicklung des globalen Marktes fur RFID-Systeme im Zeitraum von 2000 bis 2005 getrennt nach unterschiedlichen Anwendungsbereichen1 analysiert hat, weist der Einsatz von RFID-Systemen in den Bereichen Supply Chain Management (SCM) und Logistik die starkste Wachstumsdynamik auf. Eine steigende Anzahl an Firmen, die sich aktiv mit der Entwicklung und Vermarktung von RFID-Systemen befassen, zeigt, dass die erwarteten Potenziale der RFID-basierten Objektidentifikation eine grose Marktnische entstehen lassen. Lag der weltweite Umsatz fur RFID-Systeme im Jahre 2000 noch bei etwa 900 Millionen US

A Model Based Approach for Calculating the Process Driven Business Value of RFID Investments

, wird er im Jahr 2005 bereits auf 2,65 Milliarden US

Current Research in Risk-aware Business Process Management―Overview, Comparison, and Gap Analysis

geschatzt. Der RFID-Markt gehort damit zu dem am schnellsten wachsenden Teil der Funkindustrie, Handys mit eingeschlossen (vgl. Finkenzeller 2006, S. 1 f.).