LP: AN EXPERT SYSTEM FOR LEASE VERSUS PURCHASE DECISION Available to Purchase

Only recently have the applications of expert systems in finance received tremendous attention from not only the practitioners but the academicians as well. Widespread applications of this technology in diverse financial problems include credit management loan evaluation portfolio analysis capital budgeting cash flow analysis, and so forth. Another problem area that can benefit from this technology is the lease versus purchase decision, the joint process of corporate capital budgeting decision and financing decision. Because of the complex nature in the evaluation of the lease versus purchase decision, expert systems are thus appropriate for this type of application.