Business Process Modeling and Efficiency Improvement through an Agent-Based Approach

A comprehensive knowledge of a company's organizational mechanisms is a fundamental prerequisite for good management practices and effective governance, especially in the banking industry where efficiency and effectiveness have recently been becoming more and more important. This paper describe...

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Main Authors: Dario Russo, Franco Passacantando, Luigi Geppert, Luigi Manca
Format: Article
Language:English
Published: International Institute of Informatics and Cybernetics 2013-12-01
Series:Journal of Systemics, Cybernetics and Informatics
Subjects:
Online Access:http://www.iiisci.org/Journal/CV$/sci/pdfs/iMA264MA.pdf
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author Dario Russo
Franco Passacantando
Luigi Geppert
Luigi Manca
author_facet Dario Russo
Franco Passacantando
Luigi Geppert
Luigi Manca
author_sort Dario Russo
collection DOAJ
description A comprehensive knowledge of a company's organizational mechanisms is a fundamental prerequisite for good management practices and effective governance, especially in the banking industry where efficiency and effectiveness have recently been becoming more and more important. This paper describes the results of a practical experience of business process improvement and change. The business modeling approach, carried out through an agent-based model, has been applied to an operational process with the aim to reduce the overlapping of the operational phases and to improve the time-efficiency. Simulation outcomes and results are discussed. (*) The views expressed here are the sole responsibility of the authors and do not necessarily reflect those of the Bank of Italy.
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spelling doaj.art-e973258d2972457e9eeb0cacb7de4bf92022-12-22T03:14:00ZengInternational Institute of Informatics and CyberneticsJournal of Systemics, Cybernetics and Informatics1690-45242013-12-0111816Business Process Modeling and Efficiency Improvement through an Agent-Based ApproachDario Russo0Franco Passacantando1Luigi Geppert2Luigi Manca3 Bank of Italy Bank of Italy Catholic University of Milan Fair Dynamics Consulting A comprehensive knowledge of a company's organizational mechanisms is a fundamental prerequisite for good management practices and effective governance, especially in the banking industry where efficiency and effectiveness have recently been becoming more and more important. This paper describes the results of a practical experience of business process improvement and change. The business modeling approach, carried out through an agent-based model, has been applied to an operational process with the aim to reduce the overlapping of the operational phases and to improve the time-efficiency. Simulation outcomes and results are discussed. (*) The views expressed here are the sole responsibility of the authors and do not necessarily reflect those of the Bank of Italy.http://www.iiisci.org/Journal/CV$/sci/pdfs/iMA264MA.pdf Agent-Based ModelingBusiness Process ModelingcomplexitySimulation
spellingShingle Dario Russo
Franco Passacantando
Luigi Geppert
Luigi Manca
Business Process Modeling and Efficiency Improvement through an Agent-Based Approach
Journal of Systemics, Cybernetics and Informatics
Agent-Based Modeling
Business Process Modeling
complexity
Simulation
title Business Process Modeling and Efficiency Improvement through an Agent-Based Approach
title_full Business Process Modeling and Efficiency Improvement through an Agent-Based Approach
title_fullStr Business Process Modeling and Efficiency Improvement through an Agent-Based Approach
title_full_unstemmed Business Process Modeling and Efficiency Improvement through an Agent-Based Approach
title_short Business Process Modeling and Efficiency Improvement through an Agent-Based Approach
title_sort business process modeling and efficiency improvement through an agent based approach
topic Agent-Based Modeling
Business Process Modeling
complexity
Simulation
url http://www.iiisci.org/Journal/CV$/sci/pdfs/iMA264MA.pdf
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AT luigimanca businessprocessmodelingandefficiencyimprovementthroughanagentbasedapproach